New York University School of Law Foundation

Overview

Mission

The foundation, a subsidiary of New York university, fosters legal education and research at New York university's school of law by awarding scholarships, making grants for educational purposes related to law, and supporting programs of the school of law.

What it reported doing in 2024

Support exempt activities of New York university school of law.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 47% for direct work, and 53% for grants.

Nonprofit profile at a glance

EIN
136161036
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Headquarters
New York, NY, USA
Phone
2129928145
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 73
  • Accountability: 94
  • Sustainability: 39
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 96.6%; rating input score 97
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 14th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 89%; rating input score 89; 21st percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -16.7%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 4.79; rating input score 84; 84th percentile among comparable filings
  • Liabilities to assets ratio: 0.2; rating input score 59; 59th percentile among comparable filings
  • Officer compensation ratio: 6.7%; rating input score 37; 37th percentile among comparable filings

Growth

  • Program expense growth: 0.9% per year; rating input score 100; 14th percentile among comparable filings
  • Revenue growth: -1.4% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: -1.4% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 96.6% of spending went to programs
  • Governance: 65 of 73 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $29.4M in reported program spending
  • Leadership: top reported pay $3M · 85 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 24 of 25 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes grants and executive pay
  • Filing history: 16 annual filings from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 21 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

85 people listed

Highest reported compensation

  • LINDA MILLS (EX-OFFICIO TRUSTEE): $2,954,989 total reported compensation
  • ANDREW HAMILTON (FORMER EX-OFFICIO TRUSTEE): $2,237,092 total reported compensation
  • MARTIN DORPH (Ex-officio trustee): $1,681,993 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.