2024-05-15T18:07:15-05:00 2023-06-30 PwC US Tax LLP 2001 MARKET ST SUITE 1800 PHILADELPHIA PA 19103 990 2022-07-01 132673756 RABBI ISAAC ELCHANAN THEOLOGICAL SEMINARY % ALAN KLUGER RABB 6465924005 2540 AMSTERDAM AVENUE NEW YORK NY 10033 ALAN KLUGER DIRECTOR OF TAX 6465924005 2024-05-15 true ALAN KLUGER 999009999 SAPNA P VASU P00545692 2673303000 2024-05-15 3 2022 2023-04-26 12:10:37Z RABBI MARC PENNER 2540 AMSTERDAM AVENUE NEW YORK NY 10033 41420727 false X WWW.YU.EDU/RIETS X 1897 NY RABBI ISAAC ELCHANAN THEOLOGICAL SEMINARY PROVIDES RABBINICAL AND JUDAIC STUDY PROGRAMS TO APPROX. 212 SEMINARY STUDENTS AS WELL AS COMMUNITY LEARNING & LEADERSHIP TRAINING PROGRAMS 29 28 64 28 0 0 9007659 5398806 5844688 6097816 17080189 10736870 568955 812385 32501491 23045877 7255518 6983148 0 0 5761192 6241463 0 0 152817 6150088 4947883 19166798 18172494 13334693 4873383 139694914 136561171 3877688 2172277 135817226 134388894 X TO PREPARE STUDENTS FOR THE RABBINATE AND TO ISSUE THE TRADITIONAL CERTIFICATE OF ORDINATION IN CONNECTION THEREWITH. THE SEMINARY IS AUTHORIZED TO CONFER THE DEGREE OF MASTER OF HEBREW LITERATURE (M.H.L.), DOCTOR OF HEBREW LITERATURE (D.H.L.), MASTER OF RELIGIOUS EDUCATION (M.R.ED.), AND DOCTOR OF RELIGIOUS EDUCATION (D.R.ED.), IN CONFORMITY WITH RULES OF THE BOARD OF REGENTS OF THE UNIVERSITY OF THE STATE OF NEW YORK AND THE REGULATIONS OF THE COMMISSIONER OF EDUCATION OF THE STATE OF NEW YORK FOR THE REGISTRATION OF INSTITUTIONS OF HIGHER EDUCATION. false false 15438464 6983148 6097816 RABBINICAL AND JUDAIC STUDY PROGRAMS, COMMUNITY LEARNING AND EDUCATION AND LEADERSHIP TRAINING PROGRAMS. SEE SCHEDULE O. 15438464 true true false false false true false false false true true true false false true false true false true true true true false false true false false true true true false false false false false false true false true false false false false true false false false true X 0 0 true 64 true false false false false false true true false false false false false false false false false X 29 28 true false false false false false false true true false false true true true true true true true true false X ALAN KLUGER 6465924009 500 W 185TH STREET NEW YORK NY 10033 X RABBI MARC PENNER DEAN 35.0 0.0 X 190895 0 115700 RABBI ARYEH LEBOWITZ DIRECTOR - SEMIKHA 35.0 0.0 X 117950 0 145894 RABBI RONALD SCHWARZBERG PROGRAM DIRECTOR 35.0 0.0 X 141503 0 96726 RABBI EZRA SCHWARTZ PROGRAM DIRECTOR 35.0 0.0 X 94030 0 82538 RABBI LAWRENCE ROTHWACHS PROGRAM DIRECTOR 35.0 0.0 X 121691 0 45704 RABBI JOSHUA FLUG DIRECTOR - TORAH RESEARCH 35.0 0.0 X 60959 0 89696 RABBI DR ARI D BERMAN PRESIDENT/TRUSTEE 5.0 0.0 X 0 0 0 LANCE HIRT BOARD CHAIR/TRUSTEE 5.0 0.0 X 0 0 0 DR WILLIAM J SCHWARTZ SECRETARY/TRUSTEE 1.0 0.0 X 0 0 0 CHAIM H WIETSCHNER TREASURER/TRUSTEE 1.0 0.0 X 0 0 0 JULIUS BERMAN CHAIR EMERITUS/TRUSTEE 1.0 0.0 X 0 0 0 JOEL M SCHREIBER CHAIR EMERITUS/TRUSTEE 1.0 0.0 X 0 0 0 DR DAVID ARBESFELD TRUSTEE 1.0 0.0 X 0 0 0 RABBI HOWARD S BALTER TRUSTEE 1.0 0.0 X 0 0 0 MARVIN S BIENENFELD TRUSTEE 1.0 0.0 X 0 0 0 LUDWIG BRAVMANN TRUSTEE - DECEASED NOV 2022 1.0 0.0 X 0 0 0 NAHUM FELMAN TRUSTEE 1.0 0.0 X 0 0 0 ELLIOT GIBBER TRUSTEE 1.0 0.0 X 0 0 0 DR FELIX L GLAUBACH TRUSTEE 1.0 0.0 X 0 0 0 ALAN E GOLDBERG TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL JESSELSON TRUSTEE 1.0 0.0 X 0 0 0 HOWARD JONAS TRUSTEE 1.0 0.0 X 0 0 0 BINYAMIN KAMINETZKY TRUSTEE 1.0 0.0 X 0 0 0 RABBI SHIMON LAUFER TRUSTEE 1.0 0.0 X 0 0 0 MOSES MARX TRUSTEE 1.0 0.0 X 0 0 0 LEON MEYERS TRUSTEE 1.0 0.0 X 0 0 0 HENRY ORLINSKY TRUSTEE 1.0 0.0 X 0 0 0 DANIEL E POSNER TRUSTEE 1.0 0.0 X 0 0 0 ERIC ROTHNER TRUSTEE 1.0 0.0 X 0 0 0 RABBI SOLOMON F RYBAK TRUSTEE 1.0 0.0 X 0 0 0 CARMI SCHWARTZ TRUSTEE 1.0 0.0 X 0 0 0 IRWIN SHAPIRO TRUSTEE - Deceased Dec 2022 1.0 0.0 X 0 0 0 MOSHAEL J STRAUS TRUSTEE 1.0 0.0 X 0 0 0 RABBI DANIEL TURKEL TRUSTEE 1.0 0.0 X 0 0 0 RABBI AARON WALFISH TRUSTEE 1.0 0.0 X 0 0 0 RABBI SHIMON WOLF TRUSTEE 1.0 0.0 X 0 0 0 KENNETH A ZITTER TRUSTEE 1.0 0.0 X 0 0 0 JACOB HARMAN VP BUS. AFFAIRS-CFO-June 2022 1.0 0.0 X 0 0 0 ANDREW J LAUER VP/GENERAL COUNSEL 1.0 0.0 X 0 0 0 727028 0 576258 10 false true false SHERATON NEW YORK 811 7TH AVENUE NEW YORK NY 10019 HOTEL SERVICES 287112 1 1079000 313159 4006647 51826 5398806 STUDENT TUITION & FEES 900099 5888261 5888261 STUDENT EDUCATION PROGRAMS 900099 209555 209555 6097816 1555116 1555116 0 0 0 0 0 27371184 18189430 9181754 9181754 9181754 0 1079000 185420 -185420 -185420 0 0 0 0 0 0 LOAN FORGIVENESS - PPPI 900099 997805 997805 997805 23045877 6097816 11549255 130500 130500 6852648 6852648 0 0 276333 276333 0 4387476 4274676 0 112800 159865 155755 4110 1061008 1033730 27278 356781 348152 8629 0 0 64900 64900 0 0 741922 741922 31205 31205 55451 55451 71612 71612 0 0 61505 61505 27712 27712 0 9638 9638 0 0 1522 1522 0 ALLOCATED EXPENSES 2500000 819841 1680159 ISRAEL PROGRAMS 1331962 1331962 EDUCATIONAL PROGRAMS 49854 49854 MISCELLANEOUS EXPENSES 600 600 18172494 15438464 2581213 152817 813 813 0 0 2396570 3376393 302865 302078 0 0 0 0 0 0 0 0 0 0 3018166 2757348 178610 260818 53403083 47280239 82101309 84474330 0 0 0 0 1311664 866500 139694914 136561171 859878 682448 0 0 60103 14802 0 0 0 0 0 0 0 0 997805 0 1959902 1475027 3877688 2172277 X -1108802 428605 136926028 133960289 135817226 134388894 139694914 136561171 X 4873383 -3208515 -3093200 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 130500 0 true true 133181498 313157 6488119 3120227 6441239 130421308 147210500 4820525 -11504640 2932227 4412660 133181498 114819717 4242583 34320513 3028685 3143628 147210500 115849147 430211 5656370 2912448 4203563 114819717 121683781 220061 2736668 3143344 5648019 115849147 0.01510 0.69940 0.28550 true false 171000 171000 2748216 2748216 98950 9132 89818 260818 ALTERNATIVE/OTHER INVESTMENTS 84474330 F 84474330 0 DUE TO YESHIVA UNIVERSITY 505364 ASSET RETIREMENT OBLIGATION 969663 1475027 13726902 -3208515 -3208515 16935417 6110460 6110460 23045877 15155234 3093200 3093200 12062034 6110460 6110460 18172494 SCHEDULE D, PART V, LINE 4 - INTENDED USE OF ENDOWMENT FUNDS THE SEMINARY'S ENDOWMENT FUNDS ARE PRIMARILY INTENDED FOR STUDENT SCHOLARSHIPS, AWARDS, INSTRUCTION, TRAINING AND PUBLIC SERVICE. SCHEDULE D, PART XI, LINE 4B AMOUNTS INCLUDED ON FORM 990 PART VIII BUT NOT ON LINE 1 ARE RECLASS OF STUDENT SCHOLARSHIPS $5,553,958, RECLASS OF INVESTMENT EXPENSES $741,922 AND RECLASS OF SPECIAL EVENT EXPENSES ($185,420) WHICH TOTAL $6,110,460. SCHEDULE D, PART XII, LINE 4B AMOUNTS INCLUDED ON FORM 990 PART IX BUT NOT ON LINE 1 ARE RECLASS OF STUDENT SCHOLARSHIPS $5,553,958, RECLASS OF INVESTMENT EXPENSES $741,922 AND RECLASS OF SPECIAL EVENT EXPENSES ($185,420) WHICH TOTAL $6,110,460. SCHEDULE D, PART XII, LINE 2D AMOUNTS INCLUDED ON LINE 1 BUT NOT ON FORM 990 PART IX ARE REPAYMENT OF PRIOR YEAR SUBSIDY TO YU $1,325,296 AND TRANSFER OF ENDOWMENT TO YU $1,767,904 WHICH TOTALS $3,093,200. SCHEDULE D, PART VII - INVESTMENTS THE SEMINARY'S PUBLICLY TRADED SECURITIES AND ALTERNATIVE INVESTMENTS PRIMARILY REPRESENT OWNERSHIP INTERESTS IN YESHIVA UNIVERSITY'S CONSOLIDATED INVESTMENT POOL. THE SEMINARY ALSO HAS CERTAIN SEPARATELY INVESTED ASSETS WHICH ARE ALSO MANAGED BY YESHIVA UNIVERSITY. FIN 48 EFFECTIVE JULY 1, 2007, THE SEMINARY ADOPTED THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AN INTERPRETATION OF FASB STATEMENT NO. 109 (FIN 48). FIN 48 CLARIFIED THE ACCOUNTING FOR UNCERTAIN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FIN 48 ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE, AND TRANSITION. THERE WAS NO MATERIAL IMPACT TO THE SEMINARY'S FINANCIAL STATEMENTS AS A RESULT OF THE ADOPTION OF FIN 48 OR IN THIS REPORTING YEAR. THEREFORE, NO FIN 48 FOOTNOTE WAS INCLUDED IN THE SEMINARY'S FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2023. SCHEDULE D, PART I - DONOR ADVISED FUND IN ACCORDANCE WITH THE DONOR AGREEMENT, THE SEMINARY IS NO LONGER INVOLVED IN THE ADMINISTRATION OF THE FUND. THE ASSETS OF THE FUND WERE TRANSFERRED TO YESHIVA UNIVERSITY WHO NOW ADMINISTERS THE FUND DISTRIBUTIONS. true true true true true true true false false false false false false false false false false true SCHEDULE E, LINE 3 RECRUITMENT ADVERTISEMENTS INCLUDE THE SEMINARY'S NON-DISCRIMINATION POLICY. THE POLICY IS ALSO FOUND ON THE SEMINARY'S WEBSITE AND IN THE STUDENT HANDBOOK. Middle East and North Africa 1 11 Program Services EDUCATION 1331962 1 11 1 11 1331962 1331962 false false false false false false ACTIVITIES OUTSIDE THE UNITED STATES THE SEMINARY'S ACTIVITIES OUTSIDE OF THE UNITED STATES PRIMARILY RELATE TO THE OPERATIONS OF THE RIETS ISRAEL KOLLEL AT THE CAROLINE AND JOSEPH GRUSS INSTITUTE IN JERUSALEM WHICH OFFERS YEAR-LONG PROGRAMS OF STUDY FOR SEMIKHAH AND POST-SEMIKHAH STUDENTS. DAY OF LEARNING 1079000 1079000 1000 52203 69110 63107 0 1079000 1079000 1000 52203 69110 63107 185420 -185420 true YESHIVA UNIVERSITY HIGH SCHOOLS 2540 AMSTERDAM AVENUE NEW YORK NY 10033 200247649 501(C)(3) 29000 EDUCATION MACHNE ISRAEL 770 EASTERN PARKWAY BROOKLYN NY 11213 116042675 501(c)(3) 14500 EDUCATION DENVER ACADEMY OF TORAH 6825 EAST ALAMEDA AVENUE DENVER CO 80224 841187080 501(c)(3) 14500 EDUCATION MARGOLIN HEBREW ACADEMY 6000 POPLAR SUITE 400 MEMPHIS TN 38119 626002000 501(C)(3) 14500 EDUCATION MAIMONIDES SCHOOL 34 PHILBRICK ROAD BROOKLINE MA 02445 222318286 501(C)(3) 14500 EDUCATION CHABAD OF NORTH TEXAS INC 6618 SHELL FLOWER LANE DALLAS TX 75252 455601290 501(c)(3) 14500 EDUCATION TORAH ACADEMY OF BERGEN COUNTY 1600 QUEEN ANNE RD TRANECK NJ 07666 222890836 501(c)(3) 14500 EDUCATION ADDLESTONE HEBREW ACADEMY 1675 RAOUL WALLENBERG BLVD CHARLESTON SC 29407 570409223 501(c)(3) 14500 EDUCATION 8 SCHOLARSHIPS & FELLOWSHIPS 327 6852648 SCHEDULE I, PART I, LINE 2 - MONITORING THE USE OF GRANT FUNDS ALL GRADUATE STUDENTS ADMITTED TO THE SEMINARY RECEIVE A FULL TUITION SCHOLARSHIP. STUDENTS ADMITTED TO THE KOLLEL LEARNING PROGRAMS MAY ALSO RECEIVE A STIPEND AND/OR HOUSING BENEFIT.SITE VISITS AND FOLLOW-UP DISCUSSIONS WITH THE MANAGEMENT OF GRANTEES ARE CONDUCTED TO ASSURE THAT GRANT FUNDS ARE USED FOR THE INTENDED TAX-EXEMPT EDUCATIONAL PURPOSES. X true true X X X X X false false false false false false false false false RABBI MARC PENNER DEAN 190343 0 0 0 552 0 11008 0 104692 0 306595 0 0 0 RABBI RONALD SCHWARZBERG PROGRAM DIRECTOR 140711 0 0 0 792 0 8325 0 88401 0 238229 0 0 0 RABBI ARYEH LEBOWITZ DIRECTOR - SEMIKHA 117770 0 0 0 180 0 0 0 145894 0 263844 0 0 0 RABBI EZRA SCHWARTZ PROGRAM DIRECTOR 93884 0 0 0 146 0 5569 0 76969 0 176568 0 0 0 RABBI JOSHUA FLUG DIRECTOR - TORAH RESEARCH 60840 0 0 0 119 0 4623 0 85073 0 150655 0 0 0 RABBI LAWRENCE ROTHWACHS PROGRAM DIRECTOR 103234 0 0 0 18457 0 2305 0 43399 0 167395 0 0 0 SCHEDULE J - PART I THE HOUSING ALLOWANCE REFERS TO THE PARSONAGE SALARY DESIGNATION PROVIDED TO CERTAIN EMPLOYEES REPORTED IN PART VII AND SCHEDULE J. DETAILS OF COMPENSATION AND BENEFITS REPORTED ON SCHEDULE J, PART II RABBI RONALD SCHWARZBERG - COLUMN C INCLUDES THE EMPLOYER CONTRIBUTIONS TO A SECTION 403(B) RETIREMENT PLAN. COLUMN D INCLUDES NON-TAXABLE MEDICAL BENEFITS, THE COSTS OF AN EMPLOYER PROVIDED CELL PHONE USED FOR BUSINESS PURPOSES AND THE PORTION OF RABBI SCHWARZBERG'S SALARY THAT IS DESIGNATED AS NON-TAXABLE PARSONAGE. A PORTION OF RABBI SCHWARZBERG'S TOTAL COMPENSATION IS EARNED FROM SERVICES PERFORMED FOR YESHIVA UNIVERSITY, AN AFFILIATED, BUT UNRELATED ORGANIZATION FOR FORM 990 REPORTING PURPOSES, OF THE SEMINARY. RABBI EZRA SCHWARTZ - COLUMN C INCLUDES EMPLOYER CONTRIBUTIONS TO A SECTION 403(B) RETIREMENT PLAN. COLUMN D INCLUDES NON-TAXABLE MEDICAL BENEFITS AND THE PORTION OF RABBI SCHWARTZ'S SALARY THAT IS DESIGNATED AS NON-TAXABLE PARSONAGE. A PORTION OF RABBI SCHWARTZ'S TOTAL COMPENSATION IS EARNED FROM SERVICES PERFORMED FOR YESHIVA UNIVERSITY, AN AFFILIATED, BUT UNRELATED ORGANIZATION FOR FORM 990 REPORTING PURPOSES, OF THE SEMINARY. RABBI ARYEH LEBOWITZ - COLUMN D INCLUDES NON-TAXABLE MEDICAL BENEFITS, TUITION, THE COSTS OF AN EMPLOYER PROVIDED CELL PHONE USED FOR BUSINESS PURPOSES AND THE PORTION OF RABBI LEBOWITZ'S SALARY THAT IS DESIGNATED AS NON-TAXABLE PARSONAGE. RABBI MARC PENNER - COLUMN C INCLUDES EMPLOYER CONTRIBUTIONS TO A SECTION 403(B) RETIREMENT PLAN. COLUMN D INCLUDES NON-TAXABLE MEDICAL BENEFITS, THE COSTS OF AN EMPLOYER PROVIDED CELL PHONE USED FOR BUSINESS PURPOSES AND THE PORTION OF RABBI PENNER'S SALARY THAT IS DESIGNATED AS NON-TAXABLE PARSONAGE. A PORTION OF RABBI PENNER'S TOTAL COMPENSATION IS EARNED FROM SERVICES PERFORMED FOR YESHIVA UNIVERSITY, AN AFFILIATED, BUT UNRELATED ORGANIZATION FOR FORM 990 REPORTING PURPOSES, OF THE SEMINARY. RABBI LAWRENCE ROTHWACHS - COLUMN B INCLUDES TAXABLE TUITION BENEFITS. COLUMN C INCLUDES EMPLOYER CONTRIBUTIONS TO A SECTION 403(B) RETIREMENT PLAN. COLUMN D INCLUDES NON-TAXABLE MEDICAL BENEFITS AND THE COSTS OF AN EMPLOYER PROVIDED CELL PHONE USED FOR BUSINESS PURPOSES. COMPENSATION FROM UNRELATED ORGANIZATION THE SEMINARY'S PRESIDENT, CFO, AND THE VP FOR LEGAL AFFAIRS ARE ALSO OFFICERS OF YESHIVA UNIVERSITY, AN AFFILIATED BUT UNRELATED ORGANIZATION FOR FORM 990 REPORTING PURPOSES. PURSUANT TO AN AFFILIATION AGREEMENT, YESHIVA UNIVERSITY PROVIDES FINANCIAL, ADMINISTRATIVE, LEGAL, FACILITIES, AND HUMAN RESOURCE SERVICES TO THE SEMINARY. THESE OFFICERS ARE PAID SOLELY BY YESHIVA UNIVERSITY THROUGH THE UNIVERSITY'S PAYROLL SYSTEM AND THEIR FULL COMPENSATION AND BENEFITS ARE REPORTED ON YESHIVA UNIVERSITY'S FORM 990. EZRA SCHWARTZ FAMILY OF BOARD MEMBER 158936 COMPENSATION false X 3 113909 FMV 0 false true false FORM 990, PART I, LINE 6 - NUMBER OF VOLUNTEERS IN ADDITION TO THE BOARD MEMBERS WHO SERVE WITHOUT COMPENSATION, THE SEMINARY UTILIZES MANY VOLUNTEERS IN THE CONDUCT OF ITS ACTIVITIES. HOWEVER, IT DOES NOT TRACK THE NUMBER OF THESE VOLUNTEERS. FORM 990, PART III, LINES 4A AND 4B - PROGRAM SERVICES FOR MORE THAN A CENTURY, THE RABBI ISAAC ELCHANAN THEOLOGICAL SEMINARY (RIETS OR THE SEMINARY) HAS BEEN THE WESTERN HEMISPHERE'S LEADING CENTER FOR TORAH LEARNING AND TRAINING FOR THE RABBINATE, PROVIDING AN UNSURPASSED EDUCATIONAL EXPERIENCE IN THE CLASSIC MOLD OF THE GREAT YESHIVOT. EMBODYING THE HISTORIC CONCEPT OF TORAH LISHMAH - LEARNING FOR ITS OWN SAKE - AND A RESPONSIVENESS TO COMMUNITY NEEDS, RIETS IS A DEEP FOUNT OF JEWISH KNOWLEDGE AND A PREEMINENT SOURCE OF RABBINIC LEADERSHIP FOR THE NEXT GENERATION AND BEYOND. THE SEMINARY HAS TRAINED APPROXIMATELY 2,800 OF THE WORLD'S MOST DISTINGUISHED ORTHODOX RABBIS, SCHOLARS AND TEACHERS. WITH THEIR RICH GROUNDING IN THE FULL SPECTRUM OF OUR HALLOWED TRADITION, GRADUATES ASSUME A BROAD RANGE OF LEADERSHIP ROLES IN THE COMMUNITY WHILE ENSURING THE PERPETUATION OF JEWISH SCHOLARSHIP. FIRMLY SET IN THE EMPHASIS ON THE TALMUD, CODES AND HALAKHAH (JEWISH LAW), THE SEMINARY HAS DEVELOPED PROGRAMS TO MEET THE COMMUNAL AND PERSONAL NEEDS OF OUR TIME AND PLACE, INCLUDING BUSINESS ETHICS, BIOETHICS AND TECHNOLOGY, WITH THE UNIQUE AMBIENCE OF INTELLECTUAL AND SPIRITUAL EXPLORATION THAT HAS ALWAYS CHARACTERIZED THE GREAT ACADEMIES OF JEWISH LEARNING IN THE PAST. THE RABBI JOSEPH B. SOLOVEITCHIK SEMIKHAH PROGRAM PROVIDES FOUR POSTCOLLEGE YEARS OF INTENSIVE STUDY OF TALMUD, CLASSICAL COMMENTARIES, CODES AND RESPONSA LITERATURE, COMPLEMENTED BY PREPARATION FOR DAY TO DAY ASPECTS OF THE RABBINATE. THE RABBINIC PROFESSIONAL EDUCATION PROGRAM ENSURES SUCCESS IN A RABBINIC CAREER THROUGH A CURRICULUM OF PUBLIC SPEAKING, PASTORAL PSYCHOLOGY, LEADERSHIP TRAINING, COUNSELING, HOMILETICS, AND CURRENT JEWISH COMMUNITY ISSUES, SUPPLEMENTED BY ADVANCED COURSEWORK IN EDUCATION, RABBINATE/PULPIT AND COMMUNITY/LAY LEADERSHIP. THE IRVING I. STONE RABBINIC INTERNSHIP PROGRAM PROVIDES PULPIT AND EDUCATIONAL INTERNSHIPS IN SCHOOLS, SYNAGOGUES AND OTHER AGENCIES. THE SEMIKHAH PROGRAM LEADS TO A SEMIKHAH YOREH YOREH. UPON COMPLETING ALL THE REQUIREMENTS, STUDENTS ARE ISSUED A SEMIKHAH KLAF, THE TRADITIONAL ORDINATION CERTIFICATE HANDWRITTEN BY A SOFER. SEMIKHAH YADIN YADIN, AN ADVANCED ORDINATION THAT QUALIFIES RABBIS AS POSKIM IS OFFERED THROUGH AN INTENSIVE POSTGRADUATE PROGRAM FOLLOWING TRADITIONAL ORDINATION. RIETS' KOLLEL (INSTITUTES OF ADVANCED LEARNING) PROGRAMS SERVE SCHOLARS OF EXCEPTIONAL PROMISE WHO WISH TO DEVOTE ALL OF THEIR ACADEMIC ENERGIES TO AREAS OF TALMUD AND HALAKHAH. EACH OF RIETS' KOLLEL PROGRAMS IS DESIGNED FOR STUDENTS WITH DISTINCT CAREER GOALS, WHETHER IN JEWISH EDUCATION, THE RABBINATE, JEWISH SCHOLARSHIP OR OTHER PURSUITS. RIETS' KOLLEL PROGRAMS INCLUDE: THE MARCUS AND ADINA KATZ KOLLEL FOR INTENSE STUDY FOR PROSPECTIVE TEACHERS AND RABBINIC SCHOLARS; THE RABBI NORMAN LAMM KOLLEL L'HORA'AH (YADIN YADIN) TRAINS OUTSTANDING SCHOLARS TO FILL THE ROLE OF POSKIM (DECISORS OF JEWISH LAW); THE LUDWIG JESSELSON CHAVER KOLLEL (LAY LEADER) FOR THOSE WITH A BACKGROUND IN TALMUD BUT PLANNING TO ENTER PROFESSIONS OTHER THAN THE RABBINATE; THE BELLA AND HARRY WEXNER KOLLEL ELYON AND SEMIKHAH HONORS PROGRAM, A KOLLEL FOR POST-SEMIKHAH (ORDINATION) SCHOLARS COMBINING INTENSIVE TORAH LEARNING WITH COURSES IN PROFESSIONAL SKILLS SUCH AS PASTORAL PSYCHOLOGY, BUSINESS ETHICS, COMMUNICATIONS AND CONFLICT RESOLUTION; THE POST-SEMIKHAH RABBI JACOB H. KUPIETZKY MEMORIAL PROGRAM FOR THE STUDY OF KODSHIM (RELIGIOUS SERVICE WITHIN THE TEMPLE IN JERUSALEM); THE ISRAEL HENRY BEREN INSTITUTE FOR HIGHER TALMUDIC STUDIES, A KOLLEL THAT PROVIDES POST-RABBINIC TRAINING FOR FUTURE ROSHEI YESHIVA (TEACHERS OF TALMUD AND TORAH); AND THE YU RIETS ISRAEL KOLLEL AT YESHIVA UNIVERSITY'S CAROLINE AND JOSEPH GRUSS INSTITUTE IN JERUSALEM WHICH OFFERS YEAR-LONG PROGRAMS OF STUDY FOR CHAVER, SEMIKHA AND POST-SEMIKHAH STUDENTS. RIETS' JACOB E. SAFRA INSTITUTE OF SEPHARDIC STUDIES TOGETHER WITH THE SEPHARDIC COMMUNITY PROGRAM OFFERS COURSES, LECTURES, AND ACADEMIC CONFERENCES AND CULTURAL EVENTS ON CAMPUS AND WITHIN THE COMMUNITY. THE DR. JOSEPH AND RACHEL ADES SEPHARDIC OUTREACH PROGRAM ADMINISTERS YOUTH RETREATS AND OUTREACH PROGRAMS. THE SEPHARDIC COMMUNITY PROGRAM FOCUSES ON THE SPIRITUAL, EDUCATIONAL AND CULTURAL ASPECTS OF SEPHARDIC COMMUNAL LIFE. THE MAYBAUM SEPHARDIC FELLOWSHIP PROGRAM PROVIDES SCHOLARSHIPS FOR THE SEPHARDIC RABBINIC TRAINING PROGRAM, FOR THE FUTURE RABBINIC LEADERS WHO WILL SERVE SEPHARDIC COMMUNITIES. IN CONJUNCTION WITH YESHIVA UNIVERSITY'S CENTER FOR THE JEWISH FUTURE (CJF), THE COMMUNITY SERVICE ARM OF RIETS, THE SEMINARY OFFERS CONTINUING PROFESSIONAL EDUCATION TO RABBIS, REBBETZINS, EDUCATORS AND LAY LEADERS THROUGH A NUMBER OF ANNUAL PROGRAMS. YARCHEI KALLAH (SPRIRITUAL RETREATS) GIVE RABBIS AND THEIR WIVES AN OPPORTUNITY TO ENRICH THEIR TORAH KNOWLEDGE AND NETWORK WITH ONE ANOTHER. EXECUTIVE RABBINIC SEMINARS BRING RABBIS AND LAY LEADERS TOGETHER FOR TRAINING IN STRATEGIC PLANNING, LEADERSHIP, MANAGEMENT DYNAMICS AND BOARD DEVELOPMENT. RIETS/CJF ALSO PROVIDES THE UNIVERSITY SPEAKERS BUREAU, A COMMUNITY LEADERSHIP INITIATIVE, PERSONAL COACHING FOR RABBIS AND LAY LEADERS AND A CERTIFICATE PROGRAM IN EXPERIENTIAL JEWISH EDUCATION. RIETS AND CJF HAVE ALSO ESTABLISHED KOLLELS WHERE MEMBERS OF THE LOCAL COMMUNITY LEARN WITH RIETS GRADUATES. RIETS ALSO OFFERS RABBIS CAREER GUIDANCE AND A DYNAMIC PLACEMENT SERVICE. RIETS AND CJF HAVE DEVELOPED A WEBSITE DEVOTED TO TORAH LEARNING, YUTORAH.ORG AND A TORAH-TO-GO SERIES, WHICH MAKES THE SHIURIM (LECTURES) OF ROSHEI YESHIVA (PROFESSORS OF TALMUD) AND OTHER TORAH PERSONALITIES AVAILABLE FOR DOWNLOADING AS WELL AS A SUNDAY MORNING TORAH LEARNING PROGRAM FOR THE PUBLIC. RIETS ALSO HOUSES THE PHILIP AND SARAH BELZ SCHOOL OF JEWISH MUSIC, WHICH PROVIDES COMPREHENSIVE STUDY IN JEWISH MUSIC, OFFERING COURSES IN NUSACH HATEFILAH (PRAYER CHANT), CANTILLATION, PIANO, MUSIC THEORY AND HISTORY, SAFRUT (HEBREW CALLIGRAPHY) AND SEPHARDIC CHAZZANUT(CANTORIAL). THE YU/RIETS END-OF-LIFE CARE HALACHIC ADVISORY PROGRAM A MAJOR IMPEDIMENT FOR OBSERVANT JEWISH FAMILIES SEEKING HALACHICALLY APPROPRIATE, EXCELLENT END-OF-LIFE MEDICAL CARE IS A LACK OF KNOWLEDGE OF THE INTRICATE LAWS THAT GOVERN SUCH CARE. RECOGNIZING THIS, YESHIVA UNIVERSITY, UNDER THE AUSPICES OF RIETS, HAS FORMED AN ALLIANCE WITH CALVARY HOSPITAL TO PROVIDE RABBINIC CONSULTATION FOR FAMILIES AND COMMUNITY RABBIS THAT INCLUDES THE FOLLOWING; A PANEL OF RABBINICAL EXPERTS WELL VERSED IN THE HALACHOT OF END-OF-LIFE ISSUES WHO SERVE AS PRE-HOSPICE ADVISORS AND ARE AVAILABLE FOR ONGOING END-OF-LIFE QUESTIONS, ANSWER QUESTIONS ON A ROTATING BASIS FROM PATIENTS' FAMILIES AND COMMUNITY RABBIS AS TO THE PERMISSIBILITY OF ENTERING A PATIENT INTO HOSPICE CARE AND WITH WHAT PROVISOS, AND A PANEL OF PHYSICIANS AVAILABLE TO ADVISE RABBIS ON THE CLINICAL ISSUES RELATED TO THE TERMINALLY ILL. WHILE THIS ADVICE IS INDEPENDENT OF ANY SPECIFIC HOSPICE FACILITY, RIETS HAS PARTICULARLY ALIGNED WITH CALVARY HOSPITAL TO ANSWER A MAJOR NEED OF THE JEWISH COMMUNITY. IN EXISTENCE FOR MORE THAN 113 YEARS, CALVARY IS THE NATION'S ONLY FULLY ACCREDITED ACUTE CARE SPECIALTY HOSPITAL DEVOTED EXCLUSIVELY TO PROVIDING PALLIATIVE CARE TO ADULT ADVANCED CANCER PATIENTS. THE PANEL IS, HOWEVER, PREPARED TO PROVIDE HALACHIC ADVICE AS IT RELATES TO ANY FACILITY. RIETS AND YESHIVA UNIVERSITY'S FERKAUF GRADUATE SCHOOL OF PSYCHOLOGY ALSO OFFERS A JOINT PROGRAM IN PASTORAL COUNSELING IN AN EFFORT TO BROADEN AND DEEPEN FUTURE RABBIS' UNDERSTANDING OF PSYCHOLOGICAL ISSUES AND FOR RIETS STUDENTS WHO PLAN A CAREER IN JEWISH COMMUNAL WORK. RIETS ALSO OFFERS A YU/RIETS CERTIFICATE IN JEWISH BIOETHICS CONCENTRATING ON PRACTICAL APPROACHES TO BIOETHICS GOVERNED BY JEWISH LAW IN THE SECULAR CLINICAL SETTING. RIETS ALSO RECENTLY STARTED A GEMARA BOOTCAMP PROGRAM AND A JOINT SEMICHA/MBA PROGRAM. FORM 990, PART VI, SECTION A, LINE 11B - REVIEW OF FORM 990 THE SEMINARY'S FORM 990 WAS REVIEWED AND SIGNED BY AN INDEPENDENT ACCOUNTING FIRM BASED ON A DRAFT RETURN PREPARED BY THE SEMINARY'S FINANCE DEPARTMENT AND DIRECTOR OF TAX. THE DRAFT RETURN WAS REVIEWED BY THE SEMINARY'S CHIEF FINANCIAL OFFICER AND IN-HOUSE GENERAL COUNSEL. THE FINAL VERSION OF THE FORM 990 WAS MADE AVAILABLE TO THE BOARD OF TRUSTEES VIA A SECURE WEB SITE PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. THE FORM 990, AS FILED, IS MADE AVAILABLE TO THE PUBLIC IN ACCORDANCE WITH INTERNAL REVENUE SERVICE RULES AND REGULATIONS. FORM 990, PART VI, SECTION A, LINE 12C - CONFLICT OF INTEREST POLICY THE SEMINARY'S CONFLICT OF INTEREST POLICY APPLIES TO ALL MEMBERS OF THE SEMINARY'S BOARD OF TRUSTEES AND BOARD COMMITTEES, ITS OFFICERS AND KEY EMPLOYEES, AND TO SELECT EMPLOYEES OF THE SEMINARY AS DESIGNATED BY THE GENERAL COUNSEL (COLLECTIVELY, THE "COVERED PERSONS"). THE POLICY PROVIDES THAT COVERED PERSONS ARE TO ACT AT ALL TIMES IN A MANNER CONSISTENT WITH THEIR RESPONSIBILITIES TO THE SEMINARY AND AVOID CIRCUMSTANCES IN WHICH THEIR FINANCIAL OR OTHER TIES TO OUTSIDE ENTITIES COULD PRESENT AN ACTUAL, POTENTIAL OR APPARENT CONFLICT OF INTEREST OR IMPAIR THE SEMINARY'S REPUTATION. FURTHER, ALL COVERED PERSONS ARE NOT TO ENGAGE IN BUSINESS WITH THE SEMINARY. IN THE CASE OF A RARE EXCEPTION, A GOVERNANCE COMMITTEE HAS BEEN ESTABLISHED TO REVIEW THE FACTS AND, IF IT IS IN THE SEMINARY'S BEST INTERESTS, APPROVE SUCH EXCEPTIONS. CONFLICT WAIVER REQUESTS CONSIDERED BY THE COMMITTEE, WHETHER OR NOT APPROVED, ARE REPORTED TO THE BOARD OF TRUSTEES. QUESTIONS AS TO WHETHER A TRANSACTION CONSTITUTES AN "RELATED PARTY" TRANSACTION WITH RESPECT TO COVERED PERSONS ARE RESOLVED BY THE GOVERNANCE COMMITTEE AND THE PRESIDENT IN CONSULTATION WITH THE GENERAL COUNSEL. COVERED PERSONS ARE REQUIRED TO COMPLETE, SIGN AND SUBMIT TO THE GENERAL COUNSEL AN ANNUAL DISCLOSURE STATEMENT; TO PROMPTLY NOTIFY THE GENERAL COUNSEL OF ANY CHANGE IN THE INFORMATION PREVIOUSLY REPORTED ON SUCH PERSON'S DISCLOSURE STATEMENT; AND TO FURNISH SUPPLEMENTAL INFORMATION AND/OR CONFIRM THE CONTINUED ACCURACY OF THE CURRENT DISCLOSURE STATEMENT, IF REQUESTED BY THE GENERAL COUNSEL. THE BOARD, IN CONSULTATION WITH THE GENERAL COUNSEL, HAS THE AUTHORITY TO ADDRESS NON-COMPLIANCE WITH THE DISCLOSURE REQUIREMENTS OR ANY OTHER PROVISION OF THE CONFLICT OF INTEREST POLICY; AND MAY RECOMMEND THE REMOVAL OF SUCH NON-COMPLYING COVERED PERSON OR OTHER APPROPRIATE SANCTION. IN ADDITION, A COVERED PERSON WHO BELIEVES A CURRENT, PENDING OR PROPOSED TRANSACTION WOULD CONSTITUTE A RELATED PARTY TRANSACTION OR OTHERWISE CONSTITUTE AN ACTUAL, POTENTIAL OR APPARENT CONFLICT OF INTEREST, IS REQUIRED TO PROMPTLY DISCLOSE TO THE GENERAL COUNSEL AND TO THE CHAIR OF EACH BOARD AND COMMITTEE OF WHICH THE COVERED PERSON IS A MEMBER, THE EXISTENCE OF THE CONFLICT (OR APPEARANCE OF CONFLICT) AND OTHER MATERIAL INFORMATION THAT THE COVERED PERSON MAY HAVE REGARDING THE TRANSACTION. NEW COVERED PERSONS ARE PROVIDED WITH A COPY OF THE CONFLICT OF INTEREST POLICY AND DISCLOSURE STATEMENT. THE DETAILS OF THE POLICY AND ITS REQUIREMENTS ARE REVIEWED WITH THEM. THE GENERAL COUNSEL MAINTAINS A DATABASE OF INTERESTS OF COVERED PERSONS AND A SYSTEM FOR MONITORING CURRENT, PENDING AND PROPOSED TRANSACTIONS FOR POTENTIAL INTERESTED TRANSACTIONS BASED ON THE DISCLOSURES MADE IN EACH COVERED PERSON'S ANNUAL DISCLOSURE STATEMENT AND ANY PERIODIC UPDATES SUBMITTED PURSUANT TO THE POLICY. IN ADDITION TO THE CONFLICT OF INTEREST POLICY ABOVE FOR COVERED PERSONS, SEMINARY EMPLOYEES ARE ALSO SUBJECT TO ADDITIONAL CONFLICT OF INTEREST REPORTING REQUIREMENTS AS SET FORTH IN THE UNIVERSITY EMPLOYEE HANDBOOK. FORM 990, SECTION B, LINE 15A & 15B - COMPENSATION REVIEW THE COMPENSATION OF ALL EMPLOYEES EARNING IN EXCESS OF A SPECIFIED THRESHOLD SALARY LEVEL, AS WELL AS THE SEMINARY'S DEAN, IS REVIEWED BY YESHIVA UNIVERSITY'S COMPENSATION COMMITTEE OF ITS BOARD OF TRUSTEES. YESHIVA UNIVERSITY IS AFFILIATED WITH THE SEMINARY. THE INDEPENDENT MEMBERS OF THE COMMITTEE CONDUCT A DETAILED REVIEW AND APPROVAL OF SUCH COMPENSATION UTILIZING COMPARABILITY DATA FROM THIRD PARTY SALARY SURVEYS, FORM 990 SALARY DISCLOSURES FROM OTHER ORGANIZATIONS, AND/OR COMPENSATION STUDIES PREPARED BY AN INDEPENDENT THIRD PARTY CONSULTING FIRM. CONTEMPORANEOUS DOCUMENTATION OF THE COMMITTEE'S DELIBERATION AND DECISIONS ARE MADE A PART OF THE COMMITTEE'S WRITTEN MINUTES. FORM 990, PART VI, SECTION C, LINE 19 - PUBLIC DISCLOSURE THE SEMINARY DOES NOT CURRENTLY MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE SEMINARY DOES MAKE ITS FORM 990 AVAILABLE TO THE PUBLIC IN ACCORDANCE WITH INTERNAL REVENUE SERVICE RULES AND REGULATIONS. FORM 990, PART VII - AVERAGE HOURS THE AVERAGE HOURS PER WEEK LISTED FOR THE OFFICERS, KEY EMPLOYEES AND HIGHEST PAID EMPLOYEES REPRESENTS THE SEMINARY'S OFFICIAL WORK WEEK. HOWEVER, IN PRACTICE, SUCH INDIVIDUALS WORK SIGNIFICANTLY MORE HOURS PER WEEK AND ARE EXPECTED TO BE AVAILABLE FOR UNIVERSITY BUSINESS AT ALL TIMES OTHER THAN THE SABBATH AND THE JEWISH HOLIDAYS. FORM 990, PART VI, SECTION A, LINE 2 - BOARD MEMBER RELATIONSHIP ALAN E. GOLDBERG AND LANCE L. HIRT HAVE A BUSINESS RELATIONSHIP. FORM 990, PART V - COMMON PAY AGENT THE SEMINARY AUTHORIZES YESHIVA UNIVERSITY TO BE ITS COMMON PAY AGENT FEDERAL AND STATE EMPLOYMENT TAX REPORTING AND PAYING PURPOSES. ACCORDINGLY, YESHIVA UNIVERSITY FILES ALL OF THE SEMINARY'S EMPLOYMENT TAX RETURNS WITH THE IRS AND NEW YORK, INCLUDING FORMS W-2 AND W-3. IN ADDITION, SINCE YESHIVA UNIVERSITY PERFORMS THE ACCOUNTS PAYABLE AND PROCUREMENT FUNCTIONS ON BEHALF OF THE SEMINARY, YESHIVA FILES FORMS 1099 AND 1096 ON BEHALF OF THE SEMINARY. ACCORDINGLY, THE SEMINARY'S FORM 990, PART V, QUESTION 1A IS REPORTED AS ZERO EVEN THOUGH THE SEMINARY REPORTS ITS OWN INDEPENDENT CONTRACTORS ON PART VII, SECTION B. FORM 990, PART XI, LINE 9 - OTHER CHANGES IN NET ASSETS FOR THE REPORTING PERIOD, THE SEMINARY HAD A CHANGE IN NET ASSETS OF $(3,093,200) RELATED TO TRANSFERS TO YESHIVA UNIVERSITY AS A REPAYMENT OF PRIOR YEAR SUBSIDIES PROVIDED BY YESHIVA UNIVERSITY TO THE SEMINARY AND FOR THE TRANSFER OF A DONOR ADVISED FUND THAT IS NOW ADMINISTERED BY YESHIVA UNIVERSITY IN ACCORDANCE WITH THE DONOR AGREEMENT. YESHIVA ENDOWMENT FOUNDATION INC 500 WEST 185TH STREET NEW YORK NY 10033 131790758 FOUNDATION NY 501(C)(3) 12A YU false false false true false false false false false false false false false false false false false false false false