New York University Historical Financial Data Fiscal Years 2002 and Senate Financial Affairs Committee October 1, 2015

Transcription

1 New York University Historical Financial Data Fiscal Years 2002 and 2014 Senate Financial Affairs Committee October 1, 2015

2 Table of Contents Overview 3 Operating Results 4 Balance Sheet Results 6 Student Enrollment 7 Appendix: Student Enrollment and Employee Headcount /1/2015 2

3 Overview The terms "New York University" and "NYU", as used throughout the presentation, refer to the University and its global sites and portal campuses, but exclude the NYU Langone Medical Center (i.e., the School of Medicine and the Hospitals), unless otherwise noted. The fiscal 2014 financial numbers include NYU Abu Dhabi and the New York-only portion of the NYU Shanghai budget. The student enrollment numbers on page 8 include all NYU Shanghai students. 10/1/2015 3

4 Operating Revenue by Category 2002 and 2014 Auxiliary Housing/Dining $201.5 million, 16% Real Estate, $33.3 million, 3% Grants, Contracts & Indirect Cost Recovery, $82.8 million, 6% Investment income/ Endowment distribution, $60.1 million, 5% All Other Revenue, $71.8 million, 6% Gifts & Pledges, $60.3 million, 5% 2002 $1,261.6 million Net Tuition, Fees and Financial Aid, $751.7 million, 59% Auxiliary Housing/Dining, $316.1 million, 12% Real Estate, $73.8 million, 3% Grants, Contracts & Indirect Cost Recovery, $200.5 million, 7% Investment income/endowme nt distribution, $103.3 million, 4% All Other Revenue, $339.9 million, 13% Gifts & Pledges, $87.1 million, 3% 2014 $2,653.0 million Net Tuition, Fees and Financial Aid, $1,532.3 million, 58% (dollars in millions) Change % Change CAGR Net Tuition, Fees and Financial Aid $ % 6.1% Gifts & Pledges $ % 3.1% Investment income/endowment distribution $ % 4.6% Grants, Contracts & Indirect Cost Recovery $ % 7.7% Real Estate $ % 6.9% Auxiliary Housing/Dining $ % 3.8% All Other Revenue $ % 13.8% Revenue Total $ 1, % 6.4% Data Source(s): NYU's annual operating budget reports 10/1/2015 4

5 Operating Expense by Category 2002 and 2014 Other Non- Personnel Costs, $287.3 million, 23% Service Contracts and Fees, $36.5 million, 3% Capital Expenses and Transfers, $62.6 million, 5% Building Related Expenses, $189.5 million, 15% 2002 $1,261.6 million Gov't and sponsored research expenses, $66.6 million, 5% Salaries and Fringe Benefits, $619.1 million, 49% Contingencies and Academic Reserves, $13.9 million, 0% Other Non- Personnel Costs, $583.7 million, 22% Capital Expenses and Transfers, $66.3 million, 2% Service Contracts and Fees, $98.6 million, 4% Building Related Expenses, $387.4 million, 15% 2014 $2,653.0 million Gov't and sponsored research expenses, $109.5 million, 4% Salaries and Fringe Benefits, $1,393.5 million, 53% (dollars in millions) Change % Change CAGR Salaries and Fringe Benefits $ % 7.0% Gov't and sponsored research expenses $ % 4.2% Building Related Expenses $ % 6.1% Service Contracts and Fees $ % 8.6% Other Non-Personnel Costs $ % 6.1% Contingencies and Academic Reserves $ 13.9 N/A N/A Capital Expenses and Transfers $ % 0.5% 10/1/2015 Expense Total $ 1, % 6.4% 5 Data Source(s): NYU's annual operating budget reports

6 Assets 2002 and 2014 Land, Buildings, and Equipment, Net, $1,184.5 million, 39% Cash, Cash Equivalents and Short-Term Investments, $399.6 million, 13% $3,039.3 million 2002 Long-Term Investments, $933.3 million, 31% Accounts and Loans Receivable, Net, $136.7 million, 4% Contributions Receivable, Net, $242.9 million, 8% Other Assets, $22.7 million, 1% Deposits with Trustees, $119.6 million, 4% Cash, Cash Equivalents and Short-Term Investments, $671.2 million, 9% Land, Buildings, and Equipment, Net, $3,235.4 million, 42% 2014 $7,645.4 million Long-Term Investments, $2,699.6 million, 35% Accounts and Loans Receivable, Net, $431.6 million, 6% Contributions Receivable, Net, $357.6 million, 5% Other Assets, $164.1 million, 2% Deposits with Trustees, $85.9 million, 1% (dollars in millions) Change % Change CAGR Cash, Cash Equivalents and Short-Term Investments $ % 4.4% Accounts and Loans Receivable, Net $ % 10.1% Contributions Receivable, Net $ % 3.3% Other Assets $ % 17.9% Deposits with Trustees $ (33.7) -28.1% -2.7% Collateral for Securities Loaned $ - N/A N/A Long-Term Investments $ 1, % 9.3% Land, Buildings, and Equipment, Net $ 2, % 8.7% 10/1/2015 Assets Total $ 4, % 8.0% 6 Data Source(s): NYU's audited financial statements

7 Temporarily Restricted Net Assets, $210. million, 7% Accounts Payable and Accrued Expenses, $189.1 million, 6% Unrestricted Net Assets, $856.8 million, 28% 2002 $3,039.3 million Permanently Restricted Net Assets, $617. million, 20% Liabilities and Net Assets 2002 and 2014 Accrued Benefit and Postretirement Obligation, $105.8 million, 4% Bonds and Notes Payable, $668.6 million, 22% Deferred Revenue, Federal Grants $332.4 million, Refundable, 11% $59.6 million, 2% Temporarily Restricted Net Assets, $703.2 million, 9% Accounts Payable and Accrued Expenses, $223.6 million, 3% Unrestricted Net Assets, $1,878.3 million, 25% Permanently Restricted Net Assets, $1,331.2 million, 17% 2014 $7,645.4 million Federal Grants Refundable, $78. million, 1% Accrued Benefit and Postretirement Obligation, $407.7 million, 5% Bonds and Notes Payable, $2,102. million, 28% Deferred Revenue, $774.8 million, 10% Asset Retirement Obligation, $146.6 million, 2% (dollars in millions) Change % Change CAGR Accounts Payable and Accrued Expenses $ % 1.4% Accrued Benefit and Postretirement Obligation $ N/A 11.9% Asset Retirement Obligation $ % N/A Bonds and Notes Payable $ 1, % 10.0% Deferred Revenue $ % 7.3% Federal Grants Refundable $ % 2.3% Permanently Restricted Net Assets $ N/A 6.6% Securities Loan Agreements Payable $ - 0.0% N/A Temporarily Restricted Net Assets $ % 10.6% 10/1/2015 Unrestricted Net Assets $ 1, % 6.8% Liabilities and Net Assets Total $ 4, % 8.0% 7 Data Source(s): NYU's audited financial statements

8 60,000 Student Enrollment through 2015* * Historical data restrictions prohibit accurate schoollevel student enrollment reporting prior to ,000 40,000 40,004 3,391 40,870 3,428 41,783 42,189 3,443 3,466 43,404 43,952 44,234 3,480 3,457 3,512 44,991 45,510 3,461 3,536 50,576 3,541 20,748 Professional 30,000 16,047 16,477 17,013 17,454 18,286 18,243 18,119 18,557 18,448 Graduate Undergraduate 20,000 10,000 - Change % Change CAGR Undergraduate 5, % 1.5% Graduate 4, % 1.6% Professional % 0.5% Total 10, % 1.4% 20,566 20,965 21,327 21,269 21,638 22,252 22,603 22,973 23, /1/ Note: 2015 includes the addition of NYU Polytechnic 26,287 Data Source: University institutional research data that was collected and reported as of the fall semester census date each year (example: fiscal 2013 data from the census in September 2012).

9 Appendix Student Enrollment Data Detail 2004 through 2015 Employee Headcount Data Detail 2006 through /1/2015 9

10 Student Enrollment Data 2004 through 2015 Total % Change ( ) Compound Annual Growth Rate ( ) New York Degree Full-Time Undergraduate 17,494 18,239 18,647 19,208 19,561 19,464 19,971 20,483 20,674 20,950 21,081 23, % 2.7% Professional 3,325 3,307 3,383 3,421 3,434 3,455 3,463 3,406 3,484 3,450 3,515 3, % 0.5% Graduate 7,437 7,807 7,699 8,059 8,223 8,655 9,214 9,485 9,492 10,097 10,057 12, % 5.0% Full-Time Total 28,256 29,353 29,729 30,688 31,218 31,574 32,648 33,374 33,650 34,497 34,653 39, % 3.1% Part-Time Undergraduate 1,635 1,587 1,503 1,396 1,338 1,316 1,256 1,163 1,146 1,130 1,091 1, % -3.5% Professional % 9.7% Graduate 7,265 7,461 7,781 7,924 7,633 7,734 8,445 8,269 8,170 8,051 8,003 8, % 1.0% Part-Time Total 8,909 9,053 9,292 9,327 8,980 9,061 9,718 9,483 9,344 9,192 9,115 9, % 0.3% Degree Total 37,165 38,406 39,021 40,015 40,198 40,635 42,366 42,857 42,994 43,689 43,768 48, % 2.5% Non-Degree Full-Time Undergraduate % 1.5% Graduate % % Full-Time Total % -3.0% Part-Time Undergraduate % 0.7% Graduate % % Part-Time Total , % -11.8% Non-Degree Total 1,023 1, ,585 1,554 1, % -7.6% NY Total 38,188 39,408 40,004 40,870 41,783 42,189 43,404 43,797 43,911 44,516 44,599 49, % 2.3% NYU Abu Dhabi % 31.0% NYU Shanghai % 25.1% Non-Credit 11,835 12,526 13,085 13,110 13,325 12,778 11,515 11,170 10,790 9,155 8,261 7, % -3.5% Grand Total 50,023 51,934 53,089 53,980 55,108 54,967 54,919 55,122 55,024 54,146 53,771 58, % 1.4% Data Source: University institutional research data that was collected and reported as of the fall semester census date each year (example: fiscal 2013 data from the census in September 2012). Note: 2015 includes the addition of NYU Polytechnic 10/1/

11 Student Enrollment Data by School 2006 through 2015 Undergraduate Graduate Professional ALL School Change % Change CAGR Change % Change CAGR Change % Change CAGR Change % Change CAGR CUSP - N/A N/A 64 N/A N/A - N/A N/A 64 N/A N/A Dentistry (28) -13.2% -1.6% % 1.7% % 1.7% % 1.3% FAS % 0.9% % 0.7% - N/A N/A % 0.8% Gallatin % 2.8% (65) -32.3% -4.2% - N/A N/A % 2.0% Global Public Health - N/A N/A 206 N/A N/A - N/A N/A 206 N/A N/A Global Study Abroad 180 N/A N/A - N/A N/A - N/A N/A 180 N/A N/A IFA - N/A N/A % 1.9% - N/A N/A % 1.9% Law - N/A N/A (2) -0.3% 0.0% - 0.0% 0.0% (2) -0.1% 0.0% Nursing % 6.0% % 5.4% - N/A N/A % 5.7% NYUAD 726 N/A N/A - N/A N/A - N/A N/A 726 N/A N/A NYUSH 576 N/A N/A - N/A N/A - N/A N/A 576 N/A N/A SCPS (605) -30.9% -4.0% 1, % 6.4% - N/A N/A % 1.9% Social Work % 1.0% (158) -12.4% -1.5% - N/A N/A (147) -10.5% -1.2% SOM - N/A N/A 12 N/A N/A (52) -7.3% -0.8% (40) -5.6% -0.6% Steinhardt % 1.5% (286) -7.9% -0.9% - N/A N/A % 0.1% Stern % 1.1% % 0.5% - N/A N/A % 0.8% TSOA % 1.2% % 2.0% - N/A N/A % 1.4% University Programs 248 N/A N/A - N/A N/A - N/A N/A 248 N/A N/A Wagner - N/A N/A % 1.2% - N/A N/A % 1.2% School of Engineering 2,264 N/A N/A 2,738 N/A N/A - N/A N/A 5,002 N/A N/A Total 5, % 2.8% 4, % 2.9% % 0.5% 10, % 2.6% Data Source: University institutional research data that was collected and reported as of the fall semester census date each year (example: fiscal 2013 data from the census in September 2012). 10/1/

12 Employee Headcount Data 2004 through 2015 Total % Change ( ) Data Source(s): University human resource systems, as reported to IPEDS. Data collected and reported as of November 1st of each year (example: fiscal 2013 data from November 1, 2012) Compound Annual Growth Rate ( ) Academic Teaching Faculty Faculty - FT Tenured and Tenure-Track Tenured 1,027 1,037 1,048 1,061 1,076 1,084 1,091 1,126 1,158 1, % 2.3% Tenure-Track % 1.3% Tenured and Tenure-Track Total 1,299 1,345 1,334 1,346 1,378 1,387 1,406 1,421 1,436 1, % 2.1% Non-Tenure ,002 1,078 1,130 1,158 1,206 1, % 6.5% Faculty - FT Total 2,047 2,156 2,235 2,315 2,380 2,465 2,536 2,579 2,642 2, % 3.9% Adjunct Faculty 2,614 3,197 3,060 3,272 3,660 4,050 3,747 4,091 3,919 4, % 6.9% Teaching Faculty Total 4,661 5,353 5,295 5,587 6,040 6,515 6,283 6,670 6,561 7, % 5.6% Research Faculty Researchers - FT % 8.0% Researchers - PT % 14.8% Research Faculty Total , % 9.2% Academic Total 5,175 5,871 5,842 6,205 6,700 7,265 7,148 7,548 7,533 8, % 6.0% Administrative School/Academic Unit Employees Administrative - FT 2,328 2,345 2,412 2,516 2,476 2,564 2,594 2,660 2,747 2, % 2.0% Administrative - PT % -5.8% School/Academic Unit Employees Total 2,398 2,409 2,473 2,584 2,543 2,629 2,645 2,712 2,797 2, % 1.8% Administrative Unit Employees Administrative - FT 2,458 2,540 2,573 2,446 2,341 2,204 2,262 2,320 2,449 2, % 0.9% Administrative - PT % 0.0% Administrative Unit Employees Total 2,494 2,571 2,609 2,483 2,383 2,238 2,300 2,359 2,480 2, % 0.9% Administrative Total 4,892 4,980 5,082 5,067 4,926 4,867 4,945 5,071 5,277 5, % 1.4% Lab Assts/Grader/Tutor/GA/RA Teaching Assistants - PT % -44.3% Graders, Tutors, Lab Assitants - PT % 0.8% Graduate Assistants - PT % -25.6% Research Assistants - PT % -4.5% Lab Assts/Grader/Tutor/GA/RA Total 1,223 1,330 1,150 1, % -11.7% Grand Total 11,290 12,181 12,074 12,631 12,186 12,454 12,501 13,049 13,274 14, % 3.0% 10/1/

13 Faculty Headcount Data by School 2005 through 2015 Tenured Tenure-Track Non-Tenure All Full-Time School Change % Change CAGR Change % Change CAGR Change % Change CAGR Change % Change CAGR CIMS - 0.0% 0.0% (13) -54.2% -9.3% % 20.1% % 2.0% Dental/Nursing 7 9.6% 1.2% % 10.9% % 7.4% % 5.5% FAS % 1.7% (10) -9.0% -1.2% % 12.0% % 4.7% Gallatin % 5.5% % 13.5% % 11.7% % 8.8% IFA % 1.3% 2 N/A N/A 1 N/A N/A % 3.0% ISAW 5 N/A N/A 3 N/A N/A 4 N/A N/A 12 N/A N/A Law % 3.3% (2) -20.0% -2.8% % 1.6% % 2.4% Libraries - 0.0% 0.0% (2) -12.5% -1.7% % 1.9% (1) -2.0% -0.2% SCPS (3) -75.0% -15.9% - N/A N/A (37) -27.8% -4.0% (40) -29.2% -4.2% Social Work 2 8.0% 1.0% % 3.7% % 6.1% % 2.7% Steinhardt 7 5.5% 0.7% (4) -9.8% -1.3% % 2.9% % 1.1% Stern (3) -2.8% -0.4% % 1.5% % 5.0% % 1.3% Tisch 2 3.3% 0.4% (4) -50.0% -8.3% % 4.3% % 2.9% Wagner (4) -16.7% -2.3% % 26.4% % 18.9% % 4.9% School of Engineering 78 N/A N/A 17 N/A N/A 82 N/A N/A 177 N/A N/A University 3 N/A N/A - N/A N/A 7 N/A N/A 10 N/A N/A Total % 1.2% % 0.6% % 6.3% % 3.1% Data Source(s): University human resource systems. Data collected and reported as of November 1st of each year (example: fiscal 2013 data from November 1, 2012) 10/1/

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