New York University Historical Financial Data Fiscal Years 2002 and 2014 Senate Financial Affairs Committee October 1, 2015
Table of Contents Overview 3 Operating Results 4 Balance Sheet Results 6 Student Enrollment 7 Appendix: Student Enrollment and Employee Headcount 10-13 10/1/2015 2
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
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 $ 780.6 103.8% 6.1% Gifts & Pledges $ 26.8 44.5% 3.1% Investment income/endowment distribution $ 43.2 71.7% 4.6% Grants, Contracts & Indirect Cost Recovery $ 117.7 142.2% 7.7% Real Estate $ 40.5 121.6% 6.9% Auxiliary Housing/Dining $ 114.6 56.8% 3.8% All Other Revenue $ 268.1 373.1% 13.8% Revenue Total $ 1,391.3 110.3% 6.4% Data Source(s): NYU's annual operating budget reports 10/1/2015 4
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 $ 774.4 125.1% 7.0% Gov't and sponsored research expenses $ 42.9 64.5% 4.2% Building Related Expenses $ 197.9 104.4% 6.1% Service Contracts and Fees $ 62.0 169.8% 8.6% Other Non-Personnel Costs $ 296.4 103.2% 6.1% Contingencies and Academic Reserves $ 13.9 N/A N/A Capital Expenses and Transfers $ 3.7 5.9% 0.5% 10/1/2015 Expense Total $ 1,391.3 110.3% 6.4% 5 Data Source(s): NYU's annual operating budget reports
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 $ 271.6 68.0% 4.4% Accounts and Loans Receivable, Net $ 294.9 215.8% 10.1% Contributions Receivable, Net $ 114.7 47.2% 3.3% Other Assets $ 141.4 621.7% 17.9% Deposits with Trustees $ (33.7) -28.1% -2.7% Collateral for Securities Loaned $ - N/A N/A Long-Term Investments $ 1,766.2 189.2% 9.3% Land, Buildings, and Equipment, Net $ 2,050.9 173.2% 8.7% 10/1/2015 Assets Total $ 4,606.0 151.5% 8.0% 6 Data Source(s): NYU's audited financial statements
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 $ 34.6 32.7% 1.4% Accrued Benefit and Postretirement Obligation $ 301.9 N/A 11.9% Asset Retirement Obligation $ 146.6 21.9% N/A Bonds and Notes Payable $ 1,433.4 431.2% 10.0% Deferred Revenue $ 442.3 741.7% 7.3% Federal Grants Refundable $ 18.4 3.0% 2.3% Permanently Restricted Net Assets $ 714.1 N/A 6.6% Securities Loan Agreements Payable $ - 0.0% N/A Temporarily Restricted Net Assets $ 493.2 57.6% 10.6% 10/1/2015 Unrestricted Net Assets $ 1,021.5 33.6% 6.8% Liabilities and Net Assets Total $ 4,606.0 151.5% 8.0% 7 Data Source(s): NYU's audited financial statements
60,000 Student Enrollment - 2006 through 2015* * Historical data restrictions prohibit accurate schoollevel student enrollment reporting prior to 2006. 50,000 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 5,721 27.8% 1.5% Graduate 4,701 29.3% 1.6% Professional 150 4.4% 0.5% Total 10,572 26.4% 1.4% 20,566 20,965 21,327 21,269 21,638 22,252 22,603 22,973 23,526 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 10/1/2015 8 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).
Appendix Student Enrollment Data Detail 2004 through 2015 Employee Headcount Data Detail 2006 through 2015 10/1/2015 9
Student Enrollment Data 2004 through 2015 Total % Change (2004-2015) Compound Annual Growth Rate (2004-2015) 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 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 23,450 34.0% 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 3,516 5.7% 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 12,667 70.3% 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 39,633 40.3% 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 1,105-32.4% -3.5% Professional 9 5 8 7 9 11 17 51 28 11 21 25 177.8% 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 8,081 11.2% 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 9,211 3.4% 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 48,844 31.4% 2.5% Non-Degree Full-Time Undergraduate 224 286 334 274 353 378 310 332 351 297 284 265 18.3% 1.5% Graduate 145 164 94 119 75 285 183 175 197 170 159 - -100.0% -100.0% Full-Time Total 369 450 428 393 428 663 493 507 548 467 443 265-28.2% -3.0% Part-Time Undergraduate 153 100 82 87 277 111 101 119 109 121 159 165 7.8% 0.7% Graduate 501 452 473 375 880 780 444 314 260 239 229 - -100.0% -100.0% Part-Time Total 654 552 555 462 1,157 891 545 433 369 360 388 165-74.8% -11.8% Non-Degree Total 1,023 1,002 983 855 1,585 1,554 1,038 940 917 827 831 430-58.0% -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 49,274 29.0% 2.3% NYU Abu Dhabi - - - - - - - 155 323 475 617 726 368.4% 31.0% NYU Shanghai - - - - - - - - - - 294 576 95.9% 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 7,971-32.6% -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 58,547 17.0% 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 10/1/2015 10
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% 37 15.9% 1.7% 202 16.1% 1.7% 211 12.4% 1.3% FAS 736 8.2% 0.9% 228 6.8% 0.7% - N/A N/A 964 7.8% 0.8% Gallatin 336 28.6% 2.8% (65) -32.3% -4.2% - N/A N/A 271 19.7% 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 21 18.9% 1.9% - N/A N/A 21 18.9% 1.9% Law - N/A N/A (2) -0.3% 0.0% - 0.0% 0.0% (2) -0.1% 0.0% Nursing 351 68.3% 6.0% 275 61.0% 5.4% - N/A N/A 626 64.9% 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% 1,283 75.2% 6.4% - N/A N/A 678 18.5% 1.9% Social Work 11 9.3% 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 326 14.6% 1.5% (286) -7.9% -0.9% - N/A N/A 40 0.7% 0.1% Stern 244 10.6% 1.1% 133 4.6% 0.5% - N/A N/A 377 7.2% 0.8% TSOA 356 11.7% 1.2% 119 20.0% 2.0% - N/A N/A 475 13.1% 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 96 11.0% 1.2% - N/A N/A 96 11.0% 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 5,721 27.8% 2.8% 4,701 29.3% 2.9% 150 4.4% 0.5% 10,572 26.4% 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). 10/1/2015 11
Employee Headcount Data 2004 through 2015 Total % Change (2006-2015) 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 (2006-2015) 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 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 1,258 22.5% 2.3% Tenure-Track 272 308 286 285 302 303 315 295 278 305 12.1% 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 1,563 20.3% 2.1% Non-Tenure 748 811 901 969 1,002 1,078 1,130 1,158 1,206 1,315 75.8% 6.5% Faculty - FT Total 2,047 2,156 2,235 2,315 2,380 2,465 2,536 2,579 2,642 2,878 40.6% 3.9% Adjunct Faculty 2,614 3,197 3,060 3,272 3,660 4,050 3,747 4,091 3,919 4,750 81.7% 6.9% Teaching Faculty Total 4,661 5,353 5,295 5,587 6,040 6,515 6,283 6,670 6,561 7,628 63.7% 5.6% Research Faculty Researchers - FT 438 444 489 525 556 600 679 704 766 874 99.5% 8.0% Researchers - PT 76 74 58 93 104 150 186 174 206 263 246.1% 14.8% Research Faculty Total 514 518 547 618 660 750 865 878 972 1,137 121.2% 9.2% Academic Total 5,175 5,871 5,842 6,205 6,700 7,265 7,148 7,548 7,533 8,765 69.4% 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 2,777 19.3% 2.0% Administrative - PT 70 64 61 68 67 65 51 52 50 41-41.4% -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 2,818 17.5% 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 2,668 8.5% 0.9% Administrative - PT 36 31 36 37 42 34 38 39 31 36 0.0% 0.0% Administrative Unit Employees Total 2,494 2,571 2,609 2,483 2,383 2,238 2,300 2,359 2,480 2,704 8.4% 0.9% Administrative Total 4,892 4,980 5,082 5,067 4,926 4,867 4,945 5,071 5,277 5,522 12.9% 1.4% Lab Assts/Grader/Tutor/GA/RA Teaching Assistants - PT 582 587 586 649 33 1 6 4 3 3-99.5% -44.3% Graders, Tutors, Lab Assitants - PT 201 243 145 241 227 178 229 254 271 216 7.5% 0.8% Graduate Assistants - PT 187 208 180 206 87 15 15 16 15 13-93.0% -25.6% Research Assistants - PT 253 292 239 263 213 128 158 156 175 167-34.0% -4.5% Lab Assts/Grader/Tutor/GA/RA Total 1,223 1,330 1,150 1,359 560 322 408 430 464 399-67.4% -11.7% Grand Total 11,290 12,181 12,074 12,631 12,186 12,454 12,501 13,049 13,274 14,686 30.1% 3.0% 10/1/2015 12
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% 30 333.3% 20.1% 17 16.8% 2.0% Dental/Nursing 7 9.6% 1.2% 18 128.6% 10.9% 69 76.7% 7.4% 94 53.1% 5.5% FAS 57 14.5% 1.7% (10) -9.0% -1.2% 253 147.1% 12.0% 300 44.3% 4.7% Gallatin 8 53.3% 5.5% 7 175.0% 13.5% 10 142.9% 11.7% 25 96.2% 8.8% IFA 2 10.5% 1.3% 2 N/A N/A 1 N/A N/A 5 26.3% 3.0% ISAW 5 N/A N/A 3 N/A N/A 4 N/A N/A 12 N/A N/A Law 22 29.7% 3.3% (2) -20.0% -2.8% 4 13.8% 1.6% 24 21.2% 2.4% Libraries - 0.0% 0.0% (2) -12.5% -1.7% 1 16.7% 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% 1 33.3% 3.7% 6 60.0% 6.1% 9 23.7% 2.7% Steinhardt 7 5.5% 0.7% (4) -9.8% -1.3% 20 25.3% 2.9% 23 9.3% 1.1% Stern (3) -2.8% -0.4% 6 12.2% 1.5% 18 47.4% 5.0% 21 10.8% 1.3% Tisch 2 3.3% 0.4% (4) -50.0% -8.3% 54 39.7% 4.3% 52 25.4% 2.9% Wagner (4) -16.7% -2.3% 11 550.0% 26.4% 6 300.0% 18.9% 13 46.4% 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 105 10.3% 1.2% 13 4.6% 0.6% 446 62.7% 6.3% 564 28.0% 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) 10/1/2015 13