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HOFSTRA UNIVERSITY: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
HOFSTRA UNIVERSITY (EIN 11-1630906)
Tax period
2023-09-01 to 2024-08-31
Filed
2025-05-20
IRS object ID
202511409349300336
Schema version
2023v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-05-20T10:27:21-04:00ReturnTs
Tax Period End2024-08-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GRANT THORNTON ADVISORS LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1757 THIRD AVENUE 9TH FLAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10017ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN111630906EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1HOFSTRA UNIVERSITYBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% OFFICE OF FINANCIAL AFFAIRSInCareOfNm
Business Name ControlHOFSBusinessNameControlTxt
Phone5164636820PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1128 HOFSTRA UNIV PHILLIPS HALL 100AddressLine1Txt
CityHEMPSTEADCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11549ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCATHERINE HENNESSYPersonNm
Person TitleSVP FINANCIAL AFFAIRPersonTitleTxt
Phone5164636820PhoneNum
Signature2025-05-14SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDANIEL ROMANOPreparerPersonNm
PTINP00504182PTIN
Phone2125429609PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSUSAN POSER PRESIDENTPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1128 HOFSTRA UNIV PHILLIPS HALL 100AddressLine1Txt
CityHEMPSTEADCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11549ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,005,836,098GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.hofstra.eduWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1935FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionINSTITUTION OF HIGHER LEARNINGActivityOrMissionDesc
Voting Members Governing Body29VotingMembersGoverningBodyCnt
Voting Members Independent29VotingMembersIndependentCnt
Total Employee5785TotalEmployeeCnt
Total Volunteers1400TotalVolunteersCnt
Total Gross UBI$618,032TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$169,096NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$55,386,453PYContributionsGrantsAmt
CY Contributions Grants$58,464,520CYContributionsGrantsAmt
PY Program Service Revenue$558,683,921PYProgramServiceRevenueAmt
CY Program Service Revenue$588,960,326CYProgramServiceRevenueAmt
PY Investment Income$39,648,215PYInvestmentIncomeAmt
CY Investment Income$58,596,850CYInvestmentIncomeAmt
PY Other Revenue-$203,444PYOtherRevenueAmt
CY Other Revenue-$267,913CYOtherRevenueAmt
PY Total Revenue$653,515,145PYTotalRevenueAmt
CY Total Revenue$705,753,783CYTotalRevenueAmt
PY Grants And Similar Paid$199,892,254PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$215,520,565CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$291,882,812PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$300,970,654CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$420,000PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$420,000CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$6,496,016CYTotalFundraisingExpenseAmt
PY Other Expenses$125,216,796PYOtherExpensesAmt
CY Other Expenses$125,238,018CYOtherExpensesAmt
PY Total Expenses$617,411,862PYTotalExpensesAmt
CY Total Expenses$642,149,237CYTotalExpensesAmt
PY Revenues Less Expenses$36,103,283PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$63,604,546CYRevenuesLessExpensesAmt
Total Assets BOY$1,469,859,304TotalAssetsBOYAmt
Total Assets EOY$1,597,308,183TotalAssetsEOYAmt
Total Liabilities BOY$395,001,539TotalLiabilitiesBOYAmt
Total Liabilities EOY$391,264,494TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,074,857,765NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,206,043,689NetAssetsOrFundBalancesEOYAmt
MissionINSTITUTION OF HIGHER LEARNING OFFERING UNDERGRADUATE, GRADUATE AND PROFESSIONAL PROGRAMS, ALONGSIDE CO-CURRICULAR, CULTURAL PROGRAMS AND ACTIVITIES.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$526,103,967ExpenseAmt
Grant$210,706,952GrantAmt
Revenue$543,525,640RevenueAmt
DescInstruction and related academic support, including research and public services, sponsored programs, scholarships, fellowships and other expenses benefiting the community. (Fall 2023 full-time equivalents of 9,681)Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$46,100,284ExpenseAmt
Grant$4,813,613GrantAmt
Revenue$45,434,686RevenueAmt
DescAuxiliary enterprises, including residence halls and food service. (approximately 2,556 students in residence halls)Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$572,204,251TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesYes (true)LobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundYes (true)DonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtYes (true)CollectionsOfArtInd
Credit CounselingYes (true)CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (true)ReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficeYes (true)ForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingYes (true)ProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsYes (true)TaxExemptBondsInd
Invest Tax Exempt BondsfalseInvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionYes (true)DeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntYes (true)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (true)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document534IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee5785EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsYes (true)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (true)QuidProQuoContriDisclInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtYes (true)SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members29GoverningBodyVotingMembersCnt
Independent Voting Member29IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VentureYes (true)InvestmentInJointVentureInd
Written Policy Or ProcedureYes (true)WrittenPolicyOrProcedureInd
States Where Copy Of Return Is FldMDStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMIStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNHStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonOFFICE OF FINANCIAL AFFAIRSPersonNm
Phone5164636820PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1128 HOFSTRA UNIV PHILLIPS HALL 100AddressLine1Txt
CityHEMPSTEADCityNm
State AbbreviationNYStateAbbreviationCd
ZIP115491280ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (46 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
Susan Poser
President60.00.0Yes (X)Yes (X)$1,237,529$0$58,031
Craig Claxton
Head Men's Basketball Coach60.00.0$796,549$0$114,854Yes (X)
Catherine Hennessy
SVP Finance/Treasurer60.00.0Yes (X)$763,748$0$87,827
David Battinelli
Dean, School of Medicine60.00.0$699,261$0$17,107Yes (X)
Charles Riordan
Provost60.00.0Yes (X)$632,680$0$13,271
Alan Kelly
SVP for Development60.00.0Yes (X)$499,362$0$104,726
Jessica Eads
SVP for Enroll Mgmt60.00.0Yes (X)$498,400$0$104,662
Richard Cole
VP for Athletics60.00.0Yes (X)$437,789$0$117,777
Sina Rabbany
Dean, School of Engineering60.00.0$439,401$0$111,204Yes (X)
Jennifer Mone
SVP for Legal Affairs60.00.0Yes (X)$467,766$0$79,577
Janet Lenaghan
Dean, School of Business60.00.0$425,308$0$53,566Yes (X)
Gail Prudenti
Dean, School of Law to 6/2360.00.0$435,900$0$17,595Yes (X)
Joseph Barkwill
VP for Facilities to 8/2460.00.0Yes (X)$388,544$0$64,670
Denise Cunningham
VP for HR60.00.0Yes (X)$299,792$0$19,570
Theresa Coniglio
VP Marketing & Comm60.00.0Yes (X)$248,849$0$38,070
Cornell Craig
VP Equity & Inclus eff 11/2360.00.0Yes (X)$175,540$0$27,186
Alan J Bernon
Trustee2.00.0Yes (X)$0$0$0
Kenneth Brodlieb
Trustee2.00.0Yes (X)$0$0$0
Susan Catalano
Trustee2.00.0Yes (X)$0$0$0
Frederick E Davis
Trustee2.00.0Yes (X)$0$0$0
Michael P DeDomenico
Trustee2.00.0Yes (X)$0$0$0
Michael P Delaney
Trustee2.00.0Yes (X)$0$0$0
Craig Dempster
Trustee2.00.0Yes (X)$0$0$0
Arno H Fried
Trustee2.00.0Yes (X)$0$0$0
Dr Leo A Guthart
Trustee2.00.0Yes (X)$0$0$0
Peter S Kalikow
Trustee2.00.0Yes (X)$0$0$0
Hon Arthur J Kremer
Trustee2.00.0Yes (X)$0$0$0
Diana E Lake
Trustee2.00.0Yes (X)$0$0$0
Randy Levine
Trustee2.00.0Yes (X)$0$0$0
David S Mack
Trustee2.00.0Yes (X)$0$0$0
Kathryn V Marinello
Trustee2.00.0Yes (X)$0$0$0
Stella Mendes
Trustee2.00.0Yes (X)$0$0$0
Janis M Meyer Esq
Trustee2.00.0Yes (X)$0$0$0
John D Miller
Trustee to 10/18/232.00.0Yes (X)$0$0$0
Marilyn B Monter
Trustee2.00.0Yes (X)$0$0$0
Martha S Pope
Trustee2.00.0Yes (X)$0$0$0
Samuel Ramos
Trustee2.00.0Yes (X)$0$0$0
Michael Roberge
Trustee2.00.0Yes (X)$0$0$0
Robert Rosenthal
Trustee2.00.0Yes (X)$0$0$0
Debra A Sandler
Trustee2.00.0Yes (X)$0$0$0
Jason M Savarese
Trustee2.00.0Yes (X)$0$0$0
Donald M Schaefer
Trustee3.00.0Yes (X)$0$0$0
Michael Seiman
Trustee2.00.0Yes (X)$0$0$0
Leonard Shapiro
Trustee2.00.0Yes (X)$0$0$0
Joseph Sparacio
Trustee2.00.0Yes (X)$0$0$0
Kurt A Lambert
Trustee2.00.0Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$8,446,418TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$1,029,693TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K714IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (true)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
Structure Tone LLC
330 W 34th StNEW YORKNY10001Construction$22,804,035
Compass Group USA Inc
2400 Yorkmont RoadCHARLOTTENC28217Campus Food Provider$14,783,942
Michael Anthony Contracting Corp
161 Railroad AveNEW HYDE PARKNY11040Construction$6,276,280
The LandTek Group LLC
105 Sweeneydale AveBAY SHORENY11706Turf replacement$2,825,650
Boilermatic Welding Industries Inc
17 Peconic AveMEDFORDNY11763Repairs/Maintenance$1,509,878
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K68CntrctRcvdGreaterThan100KCnt
Fundraising$1,114,613FundraisingAmt
Government Grants$10,893,769GovernmentGrantsAmt
All Other Contributions$46,456,138AllOtherContributionsAmt
Noncash Contributions$27,677,741NoncashContributionsAmt
Total Contributions$58,464,520TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
TUITION & FEES611600$518,124,206$518,124,206
SALES & SVC AUX ENT812900$45,434,686$44,766,956$667,730
SALES & SVC ED EQPT900099$5,377,829$5,377,829
OTHER SOURCE ED SV900099$20,023,605$20,023,605
FieldValueIRS element (for citing)
Total Program Service Revenue$588,960,326TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$29,369,756TotalRevenueColumnAmt
Unrelated Business Revenue-$49,698UnrelatedBusinessRevenueAmt
Exclusion$29,419,454ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$342,498RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$74,582RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$267,916RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$267,916TotalRevenueColumnAmt
Exclusion$267,916ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$328,240,712SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$299,013,618SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$29,227,094SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$29,227,094TotalRevenueColumnAmt
Exclusion$29,227,094ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$444,986FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$1,114,613ContriRptFundraisingEventAmt
Fundraising Direct Expenses$973,976FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$528,990TotalRevenueColumnAmt
Exclusion-$528,990ExclusionAmt
FieldValueIRS element (for citing)
Gaming Gross Income$13,300GamingGrossIncomeAmt
Gaming Direct Expenses$20,139GamingDirectExpensesAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column-$6,839TotalRevenueColumnAmt
Exclusion-$6,839ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$0GrossSalesOfInventoryAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Other Revenue Total$0OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$705,753,783TotalRevenueColumnAmt
Related Or Exempt Func Income$588,292,596RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$618,032UnrelatedBusinessRevenueAmt
Exclusion$58,378,635ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$40,000TotalAmt
Program Services$40,000ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$215,480,565TotalAmt
Program Services$215,480,565ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$6,587,315TotalAmt
Program Services$1,224,028ProgramServicesAmt
Management And General$4,761,765ManagementAndGeneralAmt
Fundraising$601,522FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$217,365,134TotalAmt
Program Services$195,763,657ProgramServicesAmt
Management And General$18,649,230ManagementAndGeneralAmt
Fundraising$2,952,247FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$17,696,949TotalAmt
Program Services$15,425,978ProgramServicesAmt
Management And General$1,967,642ManagementAndGeneralAmt
Fundraising$303,329FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$44,406,993TotalAmt
Program Services$37,932,710ProgramServicesAmt
Management And General$5,555,880ManagementAndGeneralAmt
Fundraising$918,403FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$14,914,263TotalAmt
Program Services$13,086,490ProgramServicesAmt
Management And General$1,596,961ManagementAndGeneralAmt
Fundraising$230,812FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$8,279,786TotalAmt
Program Services$6,951,694ProgramServicesAmt
Management And General$1,328,092ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,304,331TotalAmt
Program Services$79,771ProgramServicesAmt
Management And General$1,224,560ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$366,056TotalAmt
Program Services$25,444ProgramServicesAmt
Management And General$340,612ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$54,719TotalAmt
Management And General$54,719ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$420,000TotalAmt
Fundraising$420,000FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$6,724,685TotalAmt
Management And General$6,724,685ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,805,693TotalAmt
Program Services$434,811ProgramServicesAmt
Management And General$1,362,370ManagementAndGeneralAmt
Fundraising$8,512FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$20,105,174TotalAmt
Program Services$17,813,128ProgramServicesAmt
Management And General$1,734,338ManagementAndGeneralAmt
Fundraising$557,708FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$8,907,733TotalAmt
Program Services$7,290,269ProgramServicesAmt
Management And General$1,608,132ManagementAndGeneralAmt
Fundraising$9,332FundraisingAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$11,012,838TotalAmt
Program Services$10,469,710ProgramServicesAmt
Management And General$514,364ManagementAndGeneralAmt
Fundraising$28,764FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$13,639,154TotalAmt
Program Services$13,101,349ProgramServicesAmt
Management And General$322,512ManagementAndGeneralAmt
Fundraising$215,293FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$603,068TotalAmt
Program Services$561,945ProgramServicesAmt
Management And General$31,025ManagementAndGeneralAmt
Fundraising$10,098FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$6,433,660TotalAmt
Program Services$6,388,917ProgramServicesAmt
Management And General$44,743ManagementAndGeneralAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$24,561,862TotalAmt
Program Services$18,627,738ProgramServicesAmt
Management And General$5,934,124ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$6,369,412TotalAmt
Program Services$1,315,538ProgramServicesAmt
Management And General$5,053,874ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
BAD DEBT AND COLLECTION COST$2,570,987$2,570,987
MEDICAL SCHOOL STIPENDS$1,530,469$1,530,469
OTHER MISC$10,066,407$5,187,069$4,639,342$239,996
CO-SPONSORED PROGRAM EXPENSE$866,114$866,114

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$35,870TotalAmt
Program Services$35,870ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$642,149,237TotalAmt
Program Services$572,204,251ProgramServicesAmt
Management And General$63,448,970ManagementAndGeneralAmt
Fundraising$6,496,016FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$124,836,068BOYAmt
EOY$183,751,236EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$39,215,952BOYAmt
EOY$11,277,102EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$5,839,048BOYAmt
EOY$6,364,784EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$18,501,499BOYAmt
EOY$19,189,171EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$6,975BOYAmt
EOY$9,010EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$11,792,313BOYAmt
EOY$13,189,257EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$792,544,497LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$428,052,572LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$363,570,197BOYAmt
EOY$364,491,925EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$487,210,290BOYAmt
EOY$570,053,393EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$384,044,986BOYAmt
EOY$416,078,560EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$34,841,976BOYAmt
EOY$12,903,745EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,469,859,304BOYAmt
EOY$1,597,308,183EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$27,651,879BOYAmt
EOY$22,574,608EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$122,587,994BOYAmt
EOY$126,985,141EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$202,454,874BOYAmt
EOY$192,982,094EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$790,452BOYAmt
EOY$1,050,053EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$4,886,287BOYAmt
EOY$4,595,791EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$36,630,053BOYAmt
EOY$43,076,807EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$395,001,539BOYAmt
EOY$391,264,494EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$682,311,287BOYAmt
EOY$740,129,575EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$392,546,478BOYAmt
EOY$465,914,114EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,074,857,765BOYAmt
EOY$1,206,043,689EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,469,859,304BOYAmt
EOY$1,597,308,183EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$63,604,546ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$74,792,471NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$7,211,093OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$32,586,515CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$45,360,720CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$38,479,459CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$55,386,453CurrentTaxYearMinus1YearAmt
Current Tax Year$58,464,520CurrentTaxYearAmt
Total$230,277,667TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$32,586,515CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$45,360,720CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$38,479,459CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$55,386,453CurrentTaxYearMinus1YearAmt
Current Tax Year$58,464,520CurrentTaxYearAmt
Total$230,277,667TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$27,880,256SubstantialContributorsTotAmt
Public Support Total170$202,397,411PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$14,300,180CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$12,610,355CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$15,817,487CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$24,733,669CurrentTaxYearMinus1YearAmt
Current Tax Year$29,712,254CurrentTaxYearAmt
Total$97,173,945TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$9,327CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$30,985CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$343,917CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$160,960CurrentTaxYearMinus1YearAmt
Current Tax Year$170,096CurrentTaxYearAmt
Total$715,285TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$145,279CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$223,747CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$441,317CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$410,442CurrentTaxYearMinus1YearAmt
Current Tax Year$458,286CurrentTaxYearAmt
Total$1,679,071TotalAmt
FieldValueIRS element (for citing)
Total Support$329,845,968TotalSupportAmt
Gross Receipts Rltd Activities$2,695,242,091GrossReceiptsRltdActivitiesAmt
Public Support CY1700.61361PublicSupportCY170Pct
Public Support PY1700.71676PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule A, Part IISchedule A, Part II has been completed solely for the purposes of displaying that the University passes the Public Support test needed for the Special Rule set forth in Schedule B.
Schedule A, Part II, Line 10Other income is comprised of gross income from gaming and fundraising.

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Total Grassroots LobbyingTotalGrassrootsLobbyingGrp
Total Direct LobbyingTotalDirectLobbyingGrp
Total Lobbying ExpendTotalLobbyingExpendGrp
Other Exempt Purpose ExpendOtherExemptPurposeExpendGrp
Total Exempt Purpose ExpendTotalExemptPurposeExpendGrp
Lobbying Nontaxable AmountLobbyingNontaxableAmountGrp
Grassroots NontaxableGrassrootsNontaxableGrp
Tot Lbbyng Grassroot Mns Non TxTotLbbyngGrassrootMnsNonTxGrp
Tot Lbby Expend Mns Lbbyng Non TxTotLbbyExpendMnsLbbyngNonTxGrp
VolunteersYes (true)VolunteersInd
Paid Staff Or ManagementYes (true)PaidStaffOrManagementInd
Media AdvertisementsfalseMediaAdvertisementsInd
Mailings MembersYes (true)MailingsMembersInd
Publications Or BroadcastfalsePublicationsOrBroadcastInd
Grants Other OrganizationsYes (true)GrantsOtherOrganizationsInd
Grants Other Organizations$54,719GrantsOtherOrganizationsAmt
Direct Contact LegislatorsYes (true)DirectContactLegislatorsInd
Direct Contact Legislators$9,953DirectContactLegislatorsAmt
Rallies DemonstrationsYes (true)RalliesDemonstrationsInd
Other ActivitiesYes (true)OtherActivitiesInd
Total Lobbying Expenditures$64,672TotalLobbyingExpendituresAmt
Not Described Section501c3falseNotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule C, Part II-B, Line 1fThe University paid membership dues to the Commission on Independent Colleges and Universities (CICU). CICU has estimated that 4.15% of its operating budget relates to lobbying activities. For the year, the portion of the dues related to lobbying activities was $2,627. On occasion, at the recommendation of CICU, the University will mail individual letters to officials to lend its support on issues relating to private higher education. The University paid $52,092 to law firms to advise and lobby on NYS legislation and regulation and in addressing other state issues affecting private higher education.
Schedule C, Part II-B, Line 1gRepresents salary allocations for Officers, direct lobbying expenses as reported to NY State.

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Funds And Other Accounts Held11FundsAndOtherAccountsHeldCnt
Funds And Other Accounts Contri$5,000FundsAndOtherAccountsContriAmt
Funds And Other Accounts Grants$53,442FundsAndOtherAccountsGrantsAmt
Funds And Other Accounts Vl EOY$1,372,762FundsAndOtherAccountsVlEOYAmt
Disclosed Org Leg CtrlYes (true)DisclosedOrgLegCtrlInd
Disclosed For Charitable PrpsYes (true)DisclosedForCharitablePrpsInd
Art Public Exhibition AmountsArtPublicExhibitionAmountsGrp
Held Works ArtHeldWorksArtGrp
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd
Collection Used PreservationYes (X)CollectionUsedPreservationInd
Solicited Assets SalefalseSolicitedAssetsSaleInd
Agent Trustee EtcYes (true)AgentTrusteeEtcInd
Beginning Balance$790,452BeginningBalanceAmt
Additions During Year$1,627,533AdditionsDuringYearAmt
Distributions During Year$1,367,932DistributionsDuringYearAmt
Ending Balance$1,050,053EndingBalanceAmt
Incl Escrow Custodial Acct LiabYes (true)InclEscrowCustodialAcctLiabInd
Explanation ProvidedYes (X)ExplanationProvidedInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$797,726,112BeginningYearBalanceAmt
Contributions$54,680,345ContributionsAmt
Investment Earnings Or Losses$118,112,848InvestmentEarningsOrLossesAmt
Grants Or Scholarships$25,124,186GrantsOrScholarshipsAmt
Other Expenditures$13,434,882OtherExpendituresAmt
Administrative Expenses$6,641,718AdministrativeExpensesAmt
End Year Balance$925,318,519EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$749,761,574BeginningYearBalanceAmt
Contributions$14,323,143ContributionsAmt
Investment Earnings Or Losses$78,069,749InvestmentEarningsOrLossesAmt
Grants Or Scholarships$24,691,768GrantsOrScholarshipsAmt
Other Expenditures$13,030,634OtherExpendituresAmt
Administrative Expenses$6,705,952AdministrativeExpensesAmt
End Year Balance$797,726,112EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$894,326,321BeginningYearBalanceAmt
Contributions$9,788,099ContributionsAmt
Investment Earnings Or Losses-$116,577,073InvestmentEarningsOrLossesAmt
Grants Or Scholarships$21,057,867GrantsOrScholarshipsAmt
Other Expenditures$10,105,298OtherExpendituresAmt
Administrative Expenses$6,612,608AdministrativeExpensesAmt
End Year Balance$749,761,574EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$682,366,337BeginningYearBalanceAmt
Contributions$83,019,727ContributionsAmt
Investment Earnings Or Losses$163,958,813InvestmentEarningsOrLossesAmt
Grants Or Scholarships$19,566,548GrantsOrScholarshipsAmt
Other Expenditures$9,713,591OtherExpendituresAmt
Administrative Expenses$5,738,417AdministrativeExpensesAmt
End Year Balance$894,326,321EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$634,500,609BeginningYearBalanceAmt
Contributions$6,304,649ContributionsAmt
Investment Earnings Or Losses$73,985,715InvestmentEarningsOrLossesAmt
Grants Or Scholarships$17,671,122GrantsOrScholarshipsAmt
Other Expenditures$9,397,529OtherExpendituresAmt
Administrative Expenses$5,355,985AdministrativeExpensesAmt
End Year Balance$682,366,337EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.53700BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.28100PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.18200TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$15,535,127OtherCostOrOtherBasisAmt
Book Value$15,535,127BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$641,160,275OtherCostOrOtherBasisAmt
Depreciation$338,276,963DepreciationAmt
Book Value$302,883,312BookValueAmt
FieldValueIRS element (for citing)
Leasehold ImprovementsLeaseholdImprovementsGrp

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$93,155,445OtherCostOrOtherBasisAmt
Depreciation$57,715,562DepreciationAmt
Book Value$35,439,883BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$42,693,650OtherCostOrOtherBasisAmt
Depreciation$32,060,047DepreciationAmt
Book Value$10,633,603BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$364,491,925TotalBookValueLandBuildingsAmt
Financial DerivativesFinancialDerivativesGrp
Closely Held Equity InterestsCloselyHeldEquityInterestsGrp

Other Securities OtherSecuritiesGrp (7 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
ENDOWMENT-EQUITY$137,904,561F
ENDOWMENT-FIXED INCOME FUND$34,148,989F
ENDOWMENT-HEDGE FDS/PRIV EQTY$225,267,992F
ENDOW SPLIT INT-CASH&CASH EQUI$44,575F
OTHER-CASH&CASH EQUIV$125,045F
ENDOWMENT - REAL ESTATE$14,602,468F
OTHER-HEDGE FUND/PVT EQUITY$3,984,930F
FieldValueIRS element (for citing)
Total Book Value Securities$416,078,560TotalBookValueSecuritiesAmt
Federal Income Tax Liability$35,870FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDescAmtAmt
OTHER LIABILITIES$8,391,102
US GOVT GRANTS REFUNDABLE$1,047,453
LIABILITY FOR POSTRETIREMENT$26,876,642
ASSET RETIREMENT OBLIGATION$6,725,740
FieldValueIRS element (for citing)
Total Liability$43,076,807TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$559,378,352TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$74,792,471NetUnrealizedGainsInvstAmt
Other Revenue$1,037,348OtherRevenueAmt
Revenue Not Reported$75,829,819RevenueNotReportedAmt
Revenue Subtotal$483,548,533RevenueSubtotalAmt
Investment Expenses Not Incld$6,724,685InvestmentExpensesNotIncldAmt
Other Revenues Not Included$215,480,565OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$222,205,250RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$705,753,783TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$420,981,335TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$1,037,348OtherExpensesIncludedAmt
Expenses Not Reported$1,037,348ExpensesNotReportedAmt
Expenses Subtotal$419,943,987ExpensesSubtotalAmt
Investment Expenses Not Incld2$6,724,685InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$215,480,565OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$222,205,250ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$642,149,237TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule D, Part III, Line 1aThe University maintains an art collection, which consists of works of art, including prints, painting, photographs, and sculptures that are held for the purpose of public exhibition, education, and research. Each item is catalogued, preserved, and cared for, and activities verifying their existence and assessing their condition are performed by the Museum Director. The art collection is not recognized as an asset on the statement of financial position.
Schedule D, Part III, Line 4The daily, annual and long-range operations of the Hofstra University Museum are consonant with the mission of the University and consistent with the governance of the University. Just as the University holds a public trust and acts for the public good pursuant to its Charter by the Regents of the University of the State of New York, so does the Hofstra University Museum hold a public trust and acts in the public good as an agency of the University through its exhibitions; its permanent collection; its public and educational programming; as well as its interpretative, scholarly activities and publications.
Schedule D, Part X, Line 1Income generated that is unrelated to the University's exempt purpose is subject to tax. The University believes it did not have any material tax liability nor any significant uncertain tax positions for the years ended August 31, 2024 and 2023. A provision for income taxes, which is considered immaterial, has been reflected in the University's financial statements.
Schedule D, Part XI, Line 2Reconciliation of Revenue - Other Represent amounts included on Line 1, but not on Form 990, Part VIII, Line 12 and is made up of the following: Rental Expenses 43,233 Gaming Expenses 20,139 Fundraising Expenses 973,976 ------------ Total 1,037,348 Part XII, Line 4b represent scholarship amounts added back on Form 990, Part VIII, Lines 2a and 2b, and is made up of the following: Tuition Scholarships 210,666,952 Auxiliary Scholarship 4,813,613 ------------- Total 215,480,565 Schedule D, Part XII, Line 2 Reconciliation of Expenses - Other represent amounts included on line 1, but not on Form 990, Part IX, Line 25 and is made up of the following: Rental Expenses 43,233 Gaming Expenses 20,139 Fundraising Expenses 973,976 ------------ Total 1,037,348 Part XII, Line 4b represent scholarship amounts included on Form 990, Part IX, Line 2, and is made up of the following: Tuition Scholarships 210,666,952 Auxiliary Scholarship 4,813,613 ------------- Total 215,480,565
Schedule D, Part IDonor Advised Funds or Other Similar Funds or Accounts There are no instances in which a donor has the right to provide advice on the investment of endowment funds. There are no instances in which the donor has the right to select how and to whom the funds are distributed. In 11 cases, the spending and distribution is recommended by a committee in which the donor has the right to be a member, or the selection of the recipient is made in consultation with the donor. In all instances the University approves the scholarship recipient, and in no instance is there a relationship between the donor and the recipient. The aggregate value of the 11 funds is $1,372,762 representing 0.15% of the total endowment value at August 31, 2024.
Schedule D, Part V, Line 4Endowment Funds The University endowment funds are used to support student scholarships, professorships, facilities and other programs.
Schedule D, Part IV, Line 2bEscrow and Custodial Arrangements The University maintains custody of agency funds for various student and other university related groups.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (true)GovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule E, Part 1, Line 3Racially Nondiscriminatory Policy The nondiscriminatory policy is publicized through the University website including recruitment materials and student bulletins.
Schedule E, Part 1, Line 6aGovernment Support The University received government support from Federal, New York State and local sources.

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedfalseGrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (22 entries)

RegionRegionTxtType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
South AmericaProgram ServicesRecruitment$1,915
East Asia and the PacificProgram ServicesRecruitment$24,100
Middle East and North AfricaProgram ServicesRecruitment$1,592
North AmericaProgram ServicesRecruitment$10,245
South AsiaProgram ServicesRecruitment$14,596
Europe (Including Iceland and Greenland)Program ServicesRecruitment$9,318
Central America and the CaribbeanProgram ServicesRecruitment$1,233
Central America and the CaribbeanProgram ServicesStudy Abroad$122,905
East Asia and the PacificProgram ServicesStudy Abroad$8,995
Europe (Including Iceland and Greenland)Program ServicesStudy Abroad$424,487
North AmericaProgram ServicesStudy Abroad$800
South AmericaProgram ServicesStudy Abroad$54,258
Central America and the CaribbeanProgram ServicesFaculty Travel$4,244
East Asia and the PacificProgram ServicesFaculty Travel$26,815
Europe (Including Iceland and Greenland)Program ServicesFaculty Travel$87,151
North AmericaProgram ServicesFaculty Travel$15,331
South AmericaProgram ServicesFaculty Travel$1,952
South AsiaProgram ServicesFaculty Travel$590
Sub-Saharan AfricaProgram ServicesFaculty Travel$7,306
Central America and the CaribbeanInvestmentsForeign Investments$86,849,825
Europe (Including Iceland and Greenland)InvestmentsForeign Investments$86,634,293
North AmericaProgram ServicesResearch$1,269
FieldValueIRS element (for citing)
Subtotal Spent$809,937SubtotalSpentAmt
Continuation Spent$173,493,283ContinuationSpentAmt
Total Spent$174,303,220TotalSpentAmt
Transfer To Foreign CorpYes (true)TransferToForeignCorpInd
Interest In Foreign TrustYes (true)InterestInForeignTrustInd
Foreign Corp OwnershipYes (true)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (true)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (true)ForeignPartnershipInd
Boycott CountriesfalseBoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule F, Part IVFormAndLineReferenceDesc
ExplanationThe University invests in various entities directly or indirectly which may have ownership in a foreign partnership, corporation or trusts. All investments are reviewed to determine if the threshold for additional filings are triggered and, if so, such forms are prepared and attached to Form 990-T for filing.ExplanationTxt

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Mail SolicitationsYes (X)MailSolicitationsInd
Email SolicitationsYes (X)EmailSolicitationsInd
Phone SolicitationsYes (X)PhoneSolicitationsInd
In Person SolicitationsYes (X)InPersonSolicitationsInd
Solicitation Of Non Govt GrantsYes (X)SolicitationOfNonGovtGrantsInd
Solicitation Of Govt GrantsYes (X)SolicitationOfGovtGrantsInd
Special Fundraising EventsYes (X)SpecialFundraisingEventsInd
Agrmt Prof Fundraising ActyYes (true)AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp

FieldValueIRS element (for citing)
PersonCommunity Counseling ServicePersonNm
ActivitySee part IVActivityTxt
Fundraiser Control Of FundsfalseFundraiserControlOfFundsInd
Retained By Contractor$420,000RetainedByContractorAmt
FieldValueIRS element (for citing)
Total Retained By Contractors$420,000TotalRetainedByContractorsAmt
Licensed StatesAKLicensedStatesCd
Licensed StatesARLicensedStatesCd
Licensed StatesCOLicensedStatesCd
Licensed StatesCTLicensedStatesCd
Licensed StatesDCLicensedStatesCd
Licensed StatesHILicensedStatesCd
Licensed StatesMDLicensedStatesCd
Licensed StatesMALicensedStatesCd
Licensed StatesMILicensedStatesCd
Licensed StatesMSLicensedStatesCd
Licensed StatesNVLicensedStatesCd
Licensed StatesNHLicensedStatesCd
Licensed StatesNDLicensedStatesCd
Licensed StatesSCLicensedStatesCd
Licensed StatesVALicensedStatesCd
Licensed StatesWALicensedStatesCd

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event12024 Univ GalaEvent1Nm
Gross Receipts Event1$762,058GrossReceiptsEvent1Amt
Charitable Contri Event1$573,958CharitableContriEvent1Amt
Gross Revenue Event1$188,100GrossRevenueEvent1Amt
Rent Facility Costs Event1$333,993RentFacilityCostsEvent1Amt
Food And Beverage Event1$183,023FoodAndBeverageEvent1Amt
Entertainment Event1$15,857EntertainmentEvent1Amt
Other Direct Expenses Event1$52,153OtherDirectExpensesEvent1Amt
Event22023 Lax GolfEvent2Nm
Gross Receipts Event2$227,845GrossReceiptsEvent2Amt
Charitable Contri Event2$152,681CharitableContriEvent2Amt
Gross Revenue Event2$75,164GrossRevenueEvent2Amt
Rent Facility Costs Event2$8,836RentFacilityCostsEvent2Amt
Food And Beverage Event2$52,178FoodAndBeverageEvent2Amt
Entertainment Event2$12,000EntertainmentEvent2Amt
Other Direct Expenses Event2$19,402OtherDirectExpensesEvent2Amt
Other Events Total9OtherEventsTotalCnt
Gross Receipts Other Events$569,696GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$387,974CharitableContriOtherEventsAmt
Gross Revenue Other Events$181,722GrossRevenueOtherEventsAmt
Rent Fclty Costs Other Events$17,637RentFcltyCostsOtherEventsAmt
Food And Beverage Other Events$173,166FoodAndBeverageOtherEventsAmt
Entertainment Other Events$76,308EntertainmentOtherEventsAmt
Oth Direct Expnss Other Events$29,423OthDirectExpnssOtherEventsAmt
Gross Receipts Total$1,559,599GrossReceiptsTotalAmt
Charitable Contributions Tot$1,114,613CharitableContributionsTotAmt
Gross Revenue Total Events$444,986GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$360,466RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$408,367FoodAndBeverageTotalEventsAmt
Entertainment Total Events$104,165EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$100,978OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$973,976DirectExpenseSummaryEventsAmt
Net Income Summary-$528,990NetIncomeSummaryAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule G, Part IFormAndLineReferenceDesc
ExplanationThe University retained Community Counseling Services to provide consulting services for multiple capital campaigns.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1Village of HempsteadBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line199 Nichols CourtAddressLine1Txt
CityHempsteadCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11550ZIPCd
FieldValueIRS element (for citing)
Recipient EIN116000842RecipientEIN
IRC Section501(a)IRCSectionDesc
Cash Grant$40,000CashGrantAmt
Purpose Of GrantContributionPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (5 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDesc
Total Student Financial Aid (See Breakdown Below)
Athletic Student Tuition Financial Aid311$5,933,983NANA
Undergraduate Student Tuition Financial Aid5632$158,428,852NANA
Graduate Student Tuition Financial Aid2188$46,304,117NANA
Room and Board Grants$4,813,613NANA

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule I, Part 1, Line 2Monitoring the Use of Grants On rare occasions, the University will match funds raised by students for worthy charitable projects. All such funds are reviewed carefully by the SVP for Student Enrollment, Engagement, and Success, and approved by the President upon the recommendation of the Student Government Association. Other grants may be permitted in furtherance of the University's mission and are approved by the President.
Schedule I, Part IIIGrants and Other Assistance to Individuals The University has financial aid available in many forms, including scholarships and grants. The eligibility for financial aid is based upon student's achievement and promise, academic credentials and financial need.
Schedule I, Part III, Line 5For the room and board grant amounts, the number of recipients is not disclosed as these students are already included in Lines 2, 3 and 4.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
First Class Or Charter TravelYes (X)FirstClassOrCharterTravelInd
Travel For CompanionsYes (X)TravelForCompanionsInd
Idemnification Gross Up PmtsYes (X)IdemnificationGrossUpPmtsInd
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentYes (true)SeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (16 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtBonus Filing OrganizationBonusFilingOrganizationAmountOther Compensation Filing OrgOtherCompensationFilingOrgAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmt
Susan Poser
President$784,567$150,000$302,962$16,500$41,531$1,295,560
Charles Riordan
Provost$500,775$100,000$31,905$12,664$607$645,951
Catherine Hennessy
SVP Finance/Treasurer$597,006$100,000$66,742$46,296$41,531$851,575
Alan Kelly
SVP for Development$418,509$50,000$30,853$46,296$58,430$604,088
Jessica Eads
SVP for Enroll Mgmt$416,942$50,000$31,458$52,763$51,899$603,062
Jennifer Mone
SVP for Legal Affairs$392,792$50,000$24,974$38,046$41,531$547,343
Richard Cole
VP for Athletics$327,155$50,000$60,634$18,395$99,382$555,566
Joseph Barkwill
VP for Facilities to 8/24$328,385$50,000$10,159$46,296$18,374$453,214
Denise Cunningham
VP for HR$278,153$5,000$16,639$18,396$1,174$319,362
Theresa Coniglio
VP Marketing & Comm$224,851$5,000$18,998$38,070$286,919
Janet Lenaghan
Dean, School of Business$403,617$21,691$52,650$916$478,874
Craig Claxton
Head Men's Basketball Coach$620,833$27,500$148,216$114,854$911,403
Gail Prudenti
Dean, School of Law to 6/23$214,209$221,691$17,137$458$453,495
Sina Rabbany
Dean, School of Engineering$415,713$23,688$52,703$58,501$550,605
Cornell Craig
VP Equity & Inclus eff 11/23$173,447$2,093$8,900$18,286$202,726
David Battinelli
Dean, School of Medicine$679,500$19,761$16,500$607$716,368

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule J, Part I, Line 1aOfficer Compensation All items identified on Line 1a are included as compensation on both the employee's W2 and on Form 990, Schedule J. By contract, the President may travel business class for flights over two hours. In addition, the men's basketball coach and athletic director flew with the team on a charter flight.
Schedule J, Part I, Line 1bPayments or reimbursements are pursuant to written agreements.
Schedule J, Part IIThe president is a nonvoting member of the Board of Trustees. An employee listed was separated during the year and the amount is included in column B(iii) as required.
Schedule J, Part II, Items C and DCompensation In accordance with IRS regulations, items reported in columns C and D include University contributions to group retirement and nontaxable group benefits paid by the University. These items include the University's contribution to a qualified 403(b) plan, with contributions varying based on length of service, as limited by IRS regulations; the University-paid portion of group health care benefits (cost vary by employee selected plan); and the University-paid costs of other nontaxable benefits including life and disability insurance, and tuition payments. All group benefits apply equally to all non union employees or as set forth in collective bargaining agreements. The University contributes to retiree health and life benefits for former employees, including former officers, based on retirement date which varies by unit.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
Town of Hempstead LDC Series 2013
A112798949424682ED02013-06-20$70,200,775Refinance 2003 Bonds & New Facilitfalsefalsefalse
Town of Hempstead LDC Series 2017
B112798949424682HC92017-05-17$61,034,262Refinance 2007 Bonds & New Facilitfalsefalsefalse
Town of Hempstead LDC Series 2021A
C112798949424682LY62021-05-27$105,627,965Refinance 2011 Bonds & New Facilitfalsefalsefalse

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtBond DefeasedBondDefeasedAmtTotal ProceedsTotalProceedsAmtIn Reserve FundInReserveFundAmtCapitalized InterestCapitalizedInterestAmtRefunding EscrowRefundingEscrowAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCredit EnhancementCreditEnhancementAmtWorking Capital ExpendituresWorkingCapitalExpendituresAmtCapital ExpendituresCapitalExpendituresAmtOther Spent ProceedsOtherSpentProceedsAmtUnspentUnspentAmtSubstantial CompletionSubstantialCompletionYrRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintInd
A$23,370,000$0$70,223,624$0$2,750,159$0$796,615$0$0$27,524,247$39,152,303$02015Yes (true)falseYes (true)Yes (true)
B$6,665,000$0$61,776,446$0$2,567,114$0$811,580$0$0$38,960,878$19,436,875$02020Yes (true)falseYes (true)Yes (true)
C$15,505,000$0$107,280,797$0$2,219,153$0$1,068,170$0$0$41,173,858$60,245,000$2,574,615Yes (true)falsefalseYes (true)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndEngage Bond Counsel ContractsEngageBondCounselContractsIndAny Research AgreementsAnyResearchAgreementsIndEngage Bond Counsel ResearchEngageBondCounselResearchIndPrivate Bus Use By OthersPrivateBusUseByOthersPctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndRemedial Action TakenRemedialActionTakenIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
AfalseYes (true)Yes (true)Yes (true)Yes (true)Yes (true)0falsefalsefalseYes (true)
BfalseYes (true)Yes (true)Yes (true)false0falsefalsefalseYes (true)
CfalseYes (true)Yes (true)Yes (true)false0falsefalsefalseYes (true)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndBusiness Name Line1GICProviderName/BusinessNameLine1TxtGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
0
AfalsefalsefalseYes (true)falsefalsefalse0falseYes (true)
0
BfalsefalsefalseYes (true)falsefalsefalse0falseYes (true)
0
CfalseYes (true)falsefalsefalsefalsefalse0falseYes (true)

Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (true)
BYes (true)
CYes (true)

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part II, Line 3Includes investment earnings on bond proceeds through 8/31/24.
Part III, Lines 4,5, and 6For bonds issued after 2002, the university computes private business use separately for each bond issue, whether financed or not, under the multipurpose allocation exception. On Schedule K, for each outstanding bond issue, the private business use is computed and reported on a combined basis, with the refinancings.
Part IV, Line 2cARBITRAGE CALCULATION DATES A. 2013 TOWN OF HEMPSTEAD LDC - MAY 31, 2024 B. 2017 TOWN OF HEMPSTEAD LDC - MAY 31, 2024 C. 2021A TOWN OF HEMPSTEAD LDC - MAY 31, 2024

Schedule M IRS990ScheduleM

FieldValueIRS element (for citing)
Works Of ArtWorksOfArtGrp
Art Historical TreasuresArtHistoricalTreasuresGrp
Art Fractional InterestArtFractionalInterestGrp
Books And PublicationsBooksAndPublicationsGrp

Clothing And Household Goods ClothingAndHouseholdGoodsGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Method Of Determining RevenuesNAMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Cars And Other VehiclesCarsAndOtherVehiclesGrp
Boats And PlanesBoatsAndPlanesGrp
Intellectual PropertyIntellectualPropertyGrp

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution29ContributionCnt
Noncash Contributions Rpt F990$27,677,741NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMV OF STOCKMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Securities Closely Held StockSecuritiesCloselyHeldStockGrp
Secur Prtnrshp Trust IntrstsSecurPrtnrshpTrustIntrstsGrp
Securities MiscellaneousSecuritiesMiscellaneousGrp
Qualified Contrib Hist StructQualifiedContribHistStructGrp
Qualified Contrib OtherQualifiedContribOtherGrp
Real Estate ResidentialRealEstateResidentialGrp
Real Estate CommercialRealEstateCommercialGrp
Real Estate OtherRealEstateOtherGrp
CollectiblesCollectiblesGrp

Food Inventory FoodInventoryGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution9ContributionCnt
Method Of Determining RevenuesNAMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Drugs And Medical SuppliesDrugsAndMedicalSuppliesGrp
TaxidermyTaxidermyGrp
Historical ArtifactsHistoricalArtifactsGrp
Scientific SpecimensScientificSpecimensGrp
Archaeological ArtifactsArchaeologicalArtifactsGrp

Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)Event Supplies114$0NA
Yes (X)Equipment (Academic)4$0NA
FieldValueIRS element (for citing)
Form8283 Received0Form8283ReceivedCnt
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (true)ReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule M, Part I, Line 33FormAndLineReferenceDesc
ExplanationNoncash Gifts See statement for Schedule D, Part III, Line 1a with regards to works of art. There were no works for art to be reported for 2024. Other non-cash contributions other than works of art are used by the University in the normal course of business or used in connection with Development activities. Gifts-in-kind are not assigned a value and not recorded on the University's financial system.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part IV, Line 9In the ordinary course of business, the University provides information to students and parents regarding eligibility for Title IV student assistance, including student and parent loans, University scholarship and loan programs, and internal and external payment plan arrangements which are available to finance tuition and fees at Hofstra. In addition, the University is engaged in the collection of tuition and fee balances from students for the current and prior terms, including entering into agreements for the collection and payment of amounts due and owing.
Form 990, Part IV, Line 16The University provided financial assistance of $8,186,274 to certain international students attending Hofstra. This assistance is included on Schedule I, Part III as Assistance to Individuals in the United States, as the students attended classes within the United States. All amounts provided are credited to the students US based Hofstra accounts.
Form 990, Part VI, Line 2As reflected on statements filed annually with the University, other than listed below, no officer, director, trustee, key employees, highest compensated employees or highest compensated professional or other independent contractors receiving any compensation from the organization is related to any other such entity through family or business relationships. John Miller, who resigned from the Board of Trustees in October 2023, reported that he has an investment in a fund in which Trustee Guthart is a principal. Robert Rosenthal, who resigned from the Board of Trustees in October 2024, reported that he is Chairman, CEO and Chief Investment Officer of a firm that acts as investment advisor to a trust in which Trustee Shapiro has an interest.
Form 990, Part VI, Line 4The Bylaws of the University were last amended by the Board of Trustees on June 18, 2024.
Form 990, Part VI, Line 11bForm 990 is prepared by the University, and reviewed by an outside tax consultant. The SVP for Financial Affairs and Treasurer also reviews the return with the President and the SVP for Legal Affairs and General Counsel. The final return is submitted to the Audit Committee of the Board of Trustees and the full Board of Trustees prior to signing and filing the return.
Form 990, Part VI, Line 12cThe University's bylaws set forth a conflict of interest policy for Trustees prohibiting certain transactions and requiring disclosure of any conflict that might arise. Annually, all Trustees must complete and sign a compliance and disclosure statement which is reviewed and maintained as a matter of record by the University's General Counsel. Disclosures are brought to the attention of the Audit Committee of the Board of Trustees. In addition, there is a conflict of interest policy for all administrative employees and certain union employees prohibiting certain actions and requiring disclosure of any conflict that might arise. Annually, employees must complete and sign a compliance and disclosure statement which is reviewed and maintained as a matter of record by the Office of Human Resources. Any questionable activity is not permitted until the appropriate Vice President has determined that sufficient safeguards exist to fully protect the University's interests and the University's General Counsel has reviewed.
Form 990, Part VI, Line 15The Hofstra University Board of Trustees Compensation Committee has oversight of all elements of executive compensation and reports to the entire Board on such matters. Specifically, the Committee reviews the compensation of the President and officers and other key employees. The Committee assesses and approves the reasonableness of the compensation of the President; compensation for other officers are recommended by the President to the Compensation Committee of the Board of Trustees on an annual basis. As part of the annual review, the University provides the necessary data including peer comparisons compiled from 990 tax return disclosures to the Committee and the Board in order for the review to take place each year. Members of the Committee, as well as any third party providing professional advice to the Committee, must be independent and have no conflicts of interest as to the compensation being reviewed, the officer who is being reviewed, or any products or services being considered. Such review includes a comparison of data as presented on the 990 tax return of comparable institutions, adjusted as appropriate for the New York metropolitan area and updated to the present year. Consideration is given to the breadth and complexity of programs, such as medical and law schools. The review also includes an assessment of the duties and responsibilities of each officer and the overall performance of each. From time to time, the University engages an outside consultant to review the comparables and to assist the Committee. The Committee reviews its determinations with the Board of Trustees. The actions of the Committee and Board of Trustees are set forth in the minutes, including the information reviewed in determining comparability and the basis for determining that the compensation is reasonable.
Form 990, Part VI, Line 19As a private University, governing documents, conflict of interest policy and financial statements are not required to be made available to the public. However, the University Bylaws and the Conflict of Interest Policy are available on the University website. In addition, the University's Form 990 (which includes financial data) is made available upon request.
Form 990, Part XI, Line 9Other changes in net assets are made up of the following: Postretirement Changes other than net periodic benefit costs (5,718,798) Other components of net periodic benefit costs (1,397,139) Bad Debt on Pledges (95,156) --------------- ($7,211,093)

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1Community Legal Assistance CorporationBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1108 Hofstra UniversityAddressLine1Txt
CityHempsteadCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11549ZIPCd
FieldValueIRS element (for citing)
EIN112267282EIN
Primary ActivitiesEducationPrimaryActivitiesTxt
Legal Domicile StateNYLegalDomicileStateCd
Exempt Code Section501(c)(3)ExemptCodeSectionTxt
Public Charity Status11(a)PublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1naBusinessNameLine1Txt
FieldValueIRS element (for citing)
Controlled OrganizationYes (true)ControlledOrganizationInd

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxt
Charitable Remainder Unitrust (2)
128 Hofstra UniversityHempsteadNY11549TRUSTNYNATRUST
Charitable Remainder Annuity Trust (3)
128 Hofstra UniversityHempsteadNY11549TRUSTNYNATRUST
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (true)SharingOfFacilitiesInd
Paid Employees SharingYes (true)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1Community Legal Assistance CorporationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeN,OTransactionTypeTxt
Method Of Amount DeterminationSee Part VIIMethodOfAmountDeterminationTxt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule R, Part V, Line 2FormAndLineReferenceDesc
ExplanationRelated Tax Exempt Organizations In furtherance of Hofstra University's educational mission, the related entity has been formed pursuant to the Not-For-Profit Corporation Law of New York State. The related entity does not have separate facilities or employees and their activities are included in Hofstra University's financial statements. The related entity provides educational opportunities for law students and services for the underprivileged under the supervision of attorneys to the extent permitted under the New York Judiciary Law.ExplanationTxt