2021-07-02T08:27:11-05:00 2020-08-31 KPMG LLP 345 Park Avenue New York NY 101540102 990 2019-09-01 111633516 LONG ISLAND UNIVERSITY % KEITH VOSS LONG 5162992535 700 NORTHERN BLVD BROOKVILLE NY 115481326 CHRISTOPHER FEVOLA VP & CFO 5162993547 2021-06-30 true CHRISTINA ROSSETTI P01491094 2127589700 2021-06-29 2019 2022-09-23 18:48:47Z DR KIMBERLY R CLINE 700 Northern Blvd Brookville NY 115481326 450432821 false X www.liu.edu X 1926 NY PROVIDE EXCELLENCE AND ACCESS IN EDUCATION TO THOSE WHO SEEK TO EXPAND THEIR KNOWLEDGE AND PREPARE THEMSELVES FOR MEANINGFUL, EDUCATED LIVES. SEE SCHEDULE O. 28 26 5119 33 1212446 1201727 22689741 22532598 398222669 388353013 4499029 6060312 -165054 144331 425246385 417090254 88710534 92293434 0 0 193778971 175727578 48000 20000 1997198 133928146 130854334 416465651 398895346 8780734 18194908 751317388 765840212 244451380 236525008 506866008 529315204 X TO PROVIDE EXCELLENCE AND ACCESS IN PRIVATE HIGHER EDUCATION TO THOSE WHO SEEK TO EXPAND THEIR KNOWLEDGE AND PREPARE THEMSELVES FOR MEANINGFUL, EDUCATED LIVES AND FOR SERVICE TO THEIR COMMUNITIES AND THE WORLD. SEE SCHEDULE O. false false 277176650 92293434 366608910 INSTRUCTION, ACADEMIC SUPPORT, AND INSTITUTIONAL SUPPORT THE UNIVERSITY OFFERS BOTH CREDIT AND NONCREDIT COURSES FOR ACADEMIC AND VOCATIONAL INSTRUCTION. THE UNIVERSITY OFFERS 372 DEGREE AND CERTIFICATE PROGRAMS TO OVER 17,300 STUDENTS, AND EMPLOYS 462 FULL-TIME FACULTY OVER FIVE CAMPUSES. ACTIVITIES IN THIS CATEGORY ALSO INCLUDE SUPPORT SERVICES SUCH AS LIBRARIES, EDUCATIONAL MEDIA SERVICES, ACADEMIC COMPUTING SUPPORT, AND ACADEMIC ADMINISTRATION. 74865060 0 21721431 STUDENT SERVICES AND AUXILIARY ENTERPRISES - REPRESENTS THE ACTIVITIES THAT CONTRIBUTE TO STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT OUTSIDE THE CONTEXT OF THE FORMAL INSTRUCTION PROGRAM. ACTIVITIES IN THIS CATEGORY INCLUDE EXPENSES FOR RESIDENCE HALLS, STUDENT ACTIVITIES, CULTURAL EVENTS, STUDENT NEWSPAPERS, INTRAMURAL ATHLETICS, STUDENT ORGANIZATIONS, INTERCOLLEGIATE ATHLETICS, COUNSELING AND CAREER GUIDANCE, STUDENT AID ADMINISTRATION AND STUDENT HEALTH SERVICE. APPROXIMATELY 1,460 STUDENTS RESIDE IN THE DORMS. 6724160 0 22672 RESEARCH AND PUBLIC SERVICE - REPRESENTS ACTIVITIES SPECIFICALLY ORGANIZED TO PRODUCE RESEARCH, WHETHER COMMISSIONED BY AN AGENCY EXTERNAL TO THE INSTITUTION OR SEPARATELY BUDGETED BY AN ORGANIZATIONAL UNIT WITHIN THE INSTITUTION. THIS CATEGORY ALSO INCLUDES ACTIVITIES ESTABLISHED PRIMARILY TO PROVIDE NON-INSTRUCTIONAL SERVICES BENEFICIAL TO INDIVIDUALS AND GROUPS EXTERNAL TO THE INSTITUTION. THESE ACTIVITIES INCLUDE COMMUNITY SERVICE PROGRAMS. 358765870 true true false true false false false true false true true true false false true true true false true true true false true true true false false false true true true false false false false false false false false true false true false false false false true true false false false true 477 0 true 5119 true true true true CS false false false true true false false false false false false X 28 26 false false false false false false false true true false false true true true true true true true true false NY X KEITH VOSS 5162992535 700 NORTHERN BLVD BROOKVILLE NY 11548 X Dr Kimberly Cline President 60.0 0.0 X X 887118 0 301148 RANDY BURD SVP Academic Affairs 60.0 0.0 X 572659 0 60479 Michael Best VP, Univ Counsel & Secr 50.0 0.5 X 406969 0 174281 JOHN PEZZUTO Dean Pharmacy/VP LIU Health 40.0 0.0 X 418590 0 61604 Christopher Fevola VP and Chief Financial Officer 60.0 0.5 X 398764 0 73763 GALE STEVENS HAYNES VP Academic Affairs - Brooklyn 50.0 0.5 X 402797 0 48778 DEREK KELLOGG HEAD MEN'S BASKETBALL COACH 40.0 0.0 X 385328 0 62288 John Koshel Associate Professor 35.0 0.0 X 395843 0 46684 BASHAR BAROUDI VP INFO TECH & CIO 50.0 0.0 X 354879 0 71879 JOSEPH SCHAEFER CHIEF OF ADMIN & STUDENT AFRS 60.0 0.5 X 333724 0 81111 Elizabeth Granitz Associate Professor 35.0 0.0 X 357920 0 51060 CHARLES WEIS VP ACADEMIC AFFAIRS - POST 50.0 0.0 X 337098 0 59197 Patrick Kennelly Full Professor 35.0 0.0 X 356790 0 38758 Claire Goodman Associate Professor 35.0 0.0 X 345929 0 21730 DEIRDRE WHITMAN VP UNIV ADMISSIONS 50.0 0.0 X 303775 0 22985 CHARLES RASBERRY VP University Advancement 50.0 0.0 X 265170 0 38480 Jeffrey Kane Fmr SVP Acad Affrs(Thru 8/17) 35.0 0.0 X 218578 0 57060 Loretta Knapp Fmr VP Acad Affairs(Thru 6/18) 35.0 0.0 X 193077 0 21923 STEVEN ISRAEL TRUSTEE (THRU 2/20) 1.0 0.0 X 85017 0 5335 Cherie Serota TRUSTEE/VISITING ASST. PROF 35.0 0.0 X 83142 0 6599 RAO S ANUMOLU TRUSTEE 2.0 0.0 X 0 0 0 ROGER L BAHNIK TRUSTEE 2.0 0.0 X 0 0 0 MARK A BOYAR TRUSTEE 1.0 0.0 X 0 0 0 THOMAS M BUONAIUTO TRUSTEE 2.0 0.0 X 0 0 0 DANIEL B FISHER TRUSTEE 3.0 0.0 X 0 0 0 PETER W GIBSON TRUSTEE 1.0 0.0 X 0 0 0 JUSTIN GRANT TRUSTEE (BEG 8/20) 1.0 0.0 X 0 0 0 LYNNE GREENE TRUSTEE 3.0 0.0 X 0 0 0 MICHAEL P GUTNICK SR. VICE CHAIR 6.0 0.0 X 0 0 0 STEVEN S HORNSTEIN TRUSTEE 2.0 0.0 X 0 0 0 BOB JAHELKA TRUSTEE 2.0 0.0 X 0 0 0 ALFRED R KAHN TRUSTEE 2.0 0.0 X 0 0 0 DAVID KLINE TRUSTEE (BEG 4/20) 1.0 0.0 X 0 0 0 ERIC KRASNOFF CHAIR 6.0 0.0 X 0 0 0 LEON LACHMAN CHANCELLOR-COL OF PHARM 2.0 0.0 X 0 0 0 BRIAN K LAND TRUSTEE 3.0 0.0 X 0 0 0 SARABETH LEVINE TRUSTEE 1.0 0.0 X 0 0 0 HOWARD M LORBER TRUSTEE 1.0 0.0 X 0 0 0 WINIFRED MACK TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL MELNICKE TRUSTEE 1.0 0.0 X 0 0 0 KUNI NAKAMURA TRUSTEE 2.0 0.0 X 0 0 0 RICHARD P NESPOLA TRUSTEE 2.0 0.0 X 0 0 0 WILLIAM R NUTI TRUSTEE 1.0 0.0 X 0 0 0 CHINTU PATEL TRUSTEE 1.0 0.0 X 0 0 0 ARTHUR SALADINO TRUSTEE (THRU 10/19) 1.0 0.0 X 0 0 0 SHARON STERNHEIM TRUSTEE 2.0 0.0 X 0 0 0 RONALD J SYLVESTRI CHANCELLOR-HUDSON 2.0 0.0 X 0 0 0 7103167 0 1305142 402 true true false ARAMARK 1101 MARKET STREET ARAMARK TOWER PHILADELPHIA PA 19107 FOOD SERVICE & MAINT 22252073 A A MAINTENANCE 965 MIDLAND AVENUE YONKERS NY 10704 JANITORIAL SERVICES 13459266 ALLIED UNIVERSAL SECURITY SERVICES 50 JACKSON AVENUE SYOSSET NY 11791 SECURITY 4395343 Matassa Construction Inc 130 Commercial Street PLAINVIEW NY 118032414 General Contracting 2668564 H M Hughes Co Inc 323 E 65th Street NEW YORK NY 10021 Building Contractor 1916372 66 302916 17953472 4276210 476248 22532598 TUITION & FEES 900099 355494035 355494035 SALES AND SVCS OF AUXILIARY ENTERPRISES 900099 21721431 21721431 CONCERT THEATRE 900099 3410555 3410555 COMMISSIONS 900099 742084 742084 UNIVERSITY FEES 900099 825474 825474 6159434 6159434 388353013 3734091 1212446 2521645 191987 191987 0 0 448524 373881 74643 0 74643 74643 34815749 32681515 2134234 2134234 2134234 356859 302916 287171 69688 69688 0 0 0 0 0 0 0 0 0 417090254 388353013 1212446 4992197 0 89371667 89371667 2921767 2921767 0 6349609 3385670 2655291 308648 449348 449348 127775231 114668346 12418075 688810 8369044 7371041 936061 61942 20492502 18121429 2194044 177029 12291844 10826050 1374818 90976 0 652326 652326 790346 790346 136532 136532 20000 20000 1342975 1342975 13800649 13607021 193628 1319899 306311 996925 16663 5088169 2809014 2262197 16958 4896929 4290455 499877 106597 0 46713853 41698589 4710522 304742 3682850 3668374 13270 1206 0 568496 414085 112140 42271 4438796 4251520 175609 11667 0 18411950 17566421 792853 52676 858707 711662 146096 949 FOOD SERVICE 7508165 7394464 35596 78105 BAD DEBT 5550028 5550028 SUPPLIES & MINOR EQUIPMENT 2345626 2286523 59103 BOOKS & SUBSCRIPTIONS 2911085 2856803 46540 7742 9836953 9789310 37426 10217 398895346 358765870 38132278 1997198 0 0 43888107 61798473 4901049 5047526 45298313 37859159 0 0 0 0 10589176 9546987 0 0 7278361 5785357 651982409 338230529 297439123 313751880 66085370 71599288 231912370 235330893 0 0 0 0 43925519 25120649 751317388 765840212 13963150 20362970 12546457 8727627 28851737 22377784 96082243 91489368 0 0 0 0 0 0 0 0 93007793 93567259 244451380 236525008 X 409543296 431655405 97322712 97659799 506866008 529315204 751317388 765840212 X 18194908 10965450 -6711162 X false true X true true true X 25391183 21828621 25122192 22689741 22532598 117564335 0 0 25391183 21828621 25122192 22689741 22532598 117564335 2734420 114829915 2918292 3489577 4101802 4371708 4374602 19255981 256951 1201727 1458678 0 138278994 2112463602 0.83042 0.84258 X FORM 990, SCHEDULE A, PART II - PUBLIC SUPPORT PUBLIC SUPPORT LONG ISLAND UNIVERSITY IS A SCHOOL DESCRIBED IN SECTION 170(B)(1)(A)(II) AND COMPLETES SCHEDULE A, PART II TO DEMONSTRATE THAT IT MEETS THE 33 1/3 % SUPPORT TEST OF THE REGULATIONS UNDER SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 136532 false true 2089 138621 false LOBBYING FEES FORM 990, SCHEDULE C, PART II-B, LINE 1G LEWIS-BURKE ASSOCIATES, LLC AIDS IN THE CULTIVATION OF WORKING RELATIONSHIPS BETWEEN LIU, FEDERAL AGENCIES, AND THE U.S. CONGRESS. LEWIS-BURKE ASSOCIATES, LLC ALSO ASSISTS IN INVESTIGATING NEW AND INNOVATIVE FUNDING STREAMS AND OPPORTUNITIES WITH THE FEDERAL GOVERNMENT. MEMBERSHIP FEES FORM 990, SCHEDULE C, PART II-B, LINE 1I LONG ISLAND UNIVERSITY PAYS MEMBERSHIP DUES TO THE COMMISSION ON INDEPENDENT COLLEGES AND UNIVERSITIES. $2,089 IS THE PORTION OF DUES PAID TO CICU ATTRIBUTABLE TO LOBBYING. X X false 238676611 954399 11222557 1348158 7293956 242211453 232390240 7473827 6315608 1448506 6054558 238676611 197767232 24130919 16795002 1123177 5179736 232390240 140670102 46222167 15572700 1247612 3450125 197767232 119539392 22598121 2700781 948087 3220105 140670102 0.63990 0.36010 0.00000 false false 20168525 20168525 507767366 292514760 215252606 18657303 17385937 1271366 49287793 28329832 20957961 56101422 56101422 313751880 MULTI-STRATEGY ALTERNATIVE INV 235328962 F REAL ESTATE 1931 F 235330893 0 POST RETIREMENT BENEFITS LIABILITY 44314883 EARLY RETIREMENT PLAN 7476037 ANNUITY PAYABLE 829061 EST SELF-INSURANCE LIABILITY 4640422 ASSET RETIREMENT OBLIGATION 8071000 INTEREST RATE SWAP 22985008 OTHER LIABILITIES 5250848 93567259 X 328369185 10965450 -6711162 4254288 324114897 1342975 91632382 92975357 417090254 305919989 661052 661052 305258937 1342975 92293434 93636409 398895346 COLLECTION OF ART AND HISTORICAL TREASURES FORM 990, SCHEDULE D, PART III, line 4 LONG ISLAND UNIVERSITY HAS COLLECTIONS OF ART, HISTORICAL TREASURES, AND OTHER SIMILAR ASSETS HELD FOR RESEARCH, EDUCATION, AND PUBLIC EXHIBITION IN FURTHERANCE OF PUBLIC SERVICE WHICH ARE MAINTAINED UNDER CURATORIAL CARE. IN ACCORDANCE WITH ASC 958, THE UNIVERSITY DOES NOT CAPITALIZE ITS COLLECTIONS. USE OF ENDOWMENT FUNDS FORM 990, SCHEDULE D, PART V, LINE 4 ENDOWMENT FUND REVENUE IS USED FOR GENERAL OPERATING SUPPORT UNLESS IT IS RESTRICTED BY THE DONOR FOR A SPECIFIC PURPOSE. UNCERTAIN TAX POSITIONS FORM 990, SCHEDULE D, PART X, LINE 2 THE UNIVERSITY HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE AND IS CONSIDERED EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE EXCEPT FOR ANY UNRELATED BUSINESS INCOME ACTIVITIES. NO PROVISION FOR INCOME TAXES HAS BEEN MADE. THE UNIVERSITY EVALUATES, ON AN ANNUAL BASIS, THE EFFECTS OF ANY UNCERTAIN TAX POSITIONS ON ITS FINANCIAL STATEMENTS USING A THRESHOLD OF MORE LIKELY THAN NOT. AS OF AUGUST 31, 2020, and 2019, THE UNIVERSITY HAS NOT IDENTIFIED OR PROVIDED FOR ANY SUCH POSITIONS. RECONCILIATION OF REVENUE PER AUDITED FINANCIALS WITH REVENUE PER RETURN FORM 990, SCHEDULE D, PART XI, LINE 2D POSTRETIREMENT CHANGES ..................................$ 711,413 CHANGE IN FMV OF INTEREST RATE SWAP AGREEMENTS ..........$ (2,414,994) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS.............$ 48,737 PROVISION FOR UNCOLLECTIBLE CONTRIBUTIONS RECEIVABLE.....$ 1,000,000 OTHER NONOPERATING CHANGE IN NET ASSETS..................$ (6,056,318) ------------- $ (6,711,162) RECONCILIATION OF REVENUE PER AUDITED FINANCIALS WITH REVENUE PER RETURN FORM 990, SCHEDULE D, PART XI, LINE 4B RECLASS OF SCHOLARSHIP EXPENSES....................... $ 92,293,434 RECLASS OF SPECIAL EVENT EXPENSES......................$ (287,171) RECLASS OF RENTAL EXPENSES.............................$ (373,881) ---------- $ 91,632,382 RECONCILIATION OF EXPENSES PER AUDITED FINANCIALS WITH EXPENSES PER RETURN FORM 990, SCHEDULE D, PART XII, LINE 2D RECLASS OF SPECIAL EVENT EXPENSES .....................$ 287,171 RECLASS OF RENTAL EXPENSES ............................$ 373,881 ---------- $ 661,052 RECONCILIATION OF EXPENSES PER AUDITED FINANCIALS WITH EXPENSES PER RETURN FORM 990, SCHEDULE D, PART XII, LINE 4B RECLASS OF SCHOLARSHIP EXPENSES.........................$ 92,293,434 true true true true true true true false false false false false false false false true false true RACIALLY NONDISCRIMINATION POLICY FORM 990, SCHEDULE E THE FOLLOWING POLICY APPEARS ON LONG ISLAND UNIVERSITY'S WEBSITE AND UNIVERSITY BULLETINS: LONG ISLAND UNIVERSITY IS COMMITTED TO MAINTAINING A LEARNING AND WORKING ENVIRONMENT THAT IS FREE OF BIAS, PREJUDICE, DISCRIMINATION AND HARASSMENT AND AN ENVIRONMENT THAT SUPPORTS, NURTURES, AND REWARDS CAREER AND EDUCATIONAL ADVANCEMENT PURELY ON THE BASIS OF ABILITY AND PERFORMANCE. DISCRIMINATION OR HARASSMENT BASED UPON RACE, COLOR, RELIGION, SEXUAL ORIENTATION, GENDER AND /OR GENDER IDENTITY OR EXPRESSION, MARITAL OR PARENTAL STATUS, NATIONAL ORIGIN, ETHNICITY, CITIZENSHIP STATUS, VETERAN OR MILITARY STATUS, AGE, DISABILITY OR ANY OTHER LEGALLY PROTECTED BASIS IS PROHIBITED BY LAW AND UNDERMINES THE CHARACTER AND PURPOSE OF THE UNIVERSITY. SUCH DISCRIMINATION OR HARASSMENT IS ILLEGAL, AGAINST UNIVERSITY POLICY, AND WILL NOT BE TOLERATED. THIS POLICY COVERS ALL MEMBERS OF THE UNIVERSITY COMMUNITY-STUDENTS, FACULTY AND STAFF-AS WELL AS THOSE WHO INTERACT WITH MEMBERS OF THE UNIVERSITY COMMUNITY SUCH AS VENDORS OR VISITORS. THE UNIVERSITY ENCOURAGES EVERYONE TO REPORT ALL INCIDENTS OF DISCRIMINATION OR HARASSMENT, REGARDLESS OF WHO THE OFFENDER MAY BE. GOVERNMENT GRANTS FORM 990, SCHEDULE E, LINE 6A THE UNIVERSITY RECEIVES GRANTS FROM THE FOLLOWING GOVERNMENT AGENCIES TO SUPPORT ITS OPERATIONS: FEDERAL AID: UNITED STATES DEPARTMENT OF EDUCATION UNITED STATES DEPARTMENT OF HEALTH AND HUMAN SERVICES UNITED STATES DEPARTMENT OF AGRICULTURE UNITED STATES DEPARTMENT OF STATE NATIONAL SCIENCE FOUNDATION NATIONAL INSTITUTE OF HEALTH NATIONAL ENDOWMENT FOR THE HUMANITIES NEW YORK STATE AID: NEW YORK STATE HIGHER EDUCATION SERVICES CORPORATION true Central America and the Caribbean 1 9 Program Services Academic Instruction 503703 Europe 0 2 Program Services Academic Instruction 805392 East Asia and the Pacific 1 14 Program Services Academic Instruction 829236 Central America and the Caribbean 0 0 Grantmaking SCHOLARSHIPS 290405 East Asia and the Pacific 0 0 Grantmaking SCHOLARSHIPS 180772 Europe (Including Iceland and Greenland) 0 0 Grantmaking SCHOLARSHIPS 1407884 Middle East and North Africa 0 0 Grantmaking SCHOLARSHIPS 12500 North America 0 0 Grantmaking SCHOLARSHIPS 516161 Russia and Neighboring States 0 0 Grantmaking SCHOLARSHIPS 96735 South America 0 0 Grantmaking SCHOLARSHIPS 72348 South Asia 0 0 Grantmaking SCHOLARSHIPS 41023 Sub-Saharan Africa 0 0 Grantmaking SCHOLARSHIPS 303939 EUROPE 0 0 INVESTMENTS 4732 2 25 2 25 5064830 5064830 SCHOLARSHIPS Central America and the Caribbean 10 290405 Tuition Cred BOOK SCHOLARSHIPS East Asia and the Pacific 20 180772 Tuition Cred BOOK SCHOLARSHIPS Europe (Including Iceland and Greenland) 47 1407884 Tuition Cred BOOK SCHOLARSHIPS Middle East and North Africa 3 12500 Tuition Cred BOOK SCHOLARSHIPS North America 25 516161 Tuition Cred BOOK SCHOLARSHIPS Russia and Neighboring States 6 96735 Tuition Cred BOOK SCHOLARSHIPS South America 6 72348 Tuition Cred BOOK SCHOLARSHIPS South Asia 7 41023 Tuition Cred BOOK SCHOLARSHIPS Sub-Saharan Africa 8 303939 Tuition Cred BOOK true false true true true true METHOD USED TO ACCOUNT FOR EXPENDITURES FORM 990, SCHEDULE F, PART I EXPENDITURES ON PART I, LINE 3, COLUMN F ARE REPORTED ON AN ACCRUAL BASIS. GRANT MONITORING FORM 990, SCHEDULE F, PART I, LINE 2 LONG ISLAND UNIVERSITY OFFERS A NUMBER OF INSTITUTIONAL GRANTS AND SCHOLARSHIPS TO QUALIFYING STUDENTS ENROLLED IN DEGREE PROGRAMS. EACH GRANT OR OTHER FORMS OF ASSISTANCE HAVE SPECIFIC AWARDING CRITERIA AND INDIVIDUAL RULES FOR SELECTION BASED ON MERIT, NEED, AND/OR PERFORMANCE. THE CAMPUS ENROLLMENT SERVICES OFFICES ARE RESPONSIBLE FOR PREPARING INDIVIDUAL STUDENT AWARD PACKAGES. THE DISBURSAL OF FINANCIAL AID IS SEGREGATED AND PERFORMED BY THE CENTRAL FINANCIAL AID OFFICE OF THE UNIVERSITY. THE STUDENT FINANCIAL SERVICES OFFICE POSTS TRANSACTIONS TO EACH INDIVIDUAL STUDENT ACCOUNT. IN ADDITION, INTERNAL CONTROLS ARE IN PLACE TO ENSURE AMOUNTS ARE AWARDED ACCURATELY TO STUDENTS WHO PROPERLY MEET AND MAINTAIN ELIGIBILITY CRITERIA. ACCOUNTING TRANSACTIONS ARE ROUTINELY RECONCILED THROUGH THE UNIVERSITY'S ERP SYSTEM AND STUDENT ACCOUNTS ARE CONSISTENTLY MONITORED BY ADMINISTRATIVE STAFF. 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THE STUDENT FINANCIAL SERVICES OFFICE POSTS TRANSACTIONS TO EACH INDIVIDUAL STUDENT ACCOUNT. IN ADDITION, INTERNAL CONTROLS ARE IN PLACE TO ENSURE AMOUNTS ARE AWARDED ACCURATELY TO STUDENTS WHO PROPERLY MEET AND MAINTAIN ELIGIBILITY CRITERIA. ACCOUNTING TRANSACTIONS ARE ROUTINELY RECONCILED THROUGH THE UNIVERSITY'S ERP SYSTEM AND STUDENT ACCOUNTS ARE CONSISTENTLY MONITORED BY ADMINISTRATIVE STAFF. X true true X X X X X false true false false false false false true false Dr Kimberly Cline President 877117 0 0 10001 0 180800 0 120348 0 1188266 0 0 0 RANDY BURD SVP Academic Affairs 512084 0 0 60575 0 22400 0 38079 0 633138 0 0 0 Michael Best VP, Univ Counsel & Secr 399784 0 0 7185 0 127720 0 46561 0 581250 0 0 0 JOHN PEZZUTO Dean Pharmacy/VP LIU Health 413892 0 0 4698 0 22400 0 39204 0 480194 0 0 0 Christopher Fevola VP and Chief Financial Officer 397985 0 0 779 0 30800 0 42963 0 472527 0 0 0 GALE STEVENS HAYNES VP Academic Affairs - Brooklyn 388524 0 0 14273 0 30800 0 17978 0 451575 0 0 0 DEREK KELLOGG HEAD MEN'S BASKETBALL COACH 334328 0 45000 0 6000 0 22400 0 39888 0 447616 0 0 0 John Koshel Associate Professor 96686 0 0 299157 0 11092 0 35592 0 442527 0 0 0 BASHAR BAROUDI VP INFO TECH & CIO 348717 0 0 6162 0 30800 0 41079 0 426758 0 0 0 JOSEPH SCHAEFER CHIEF OF ADMIN & STUDENT AFRS 317300 0 0 16424 0 22400 0 58711 0 414835 0 0 0 Elizabeth Granitz Associate Professor 88798 0 0 269122 0 6896 0 44164 0 408980 0 0 0 CHARLES WEIS VP ACADEMIC AFFAIRS - POST 326523 0 0 10575 0 22400 0 36797 0 396295 0 0 0 Patrick Kennelly Full Professor 71466 0 0 285324 0 7290 0 31468 0 395548 0 0 0 Claire Goodman Associate Professor 76726 0 0 269203 0 6892 0 14838 0 367659 0 0 0 DEIRDRE WHITMAN VP UNIV ADMISSIONS 300000 0 0 3775 0 22400 0 585 0 326760 0 0 0 CHARLES RASBERRY VP University Advancement 256800 0 0 8370 0 20955 0 17525 0 303650 0 0 0 Jeffrey Kane Fmr SVP Acad Affrs(Thru 8/17) 214586 0 0 3992 0 23508 0 33552 0 275638 0 0 0 Loretta Knapp Fmr VP Acad Affairs(Thru 6/18) 192034 0 0 1043 0 21036 0 887 0 215000 0 0 0 FORM 990, SCHEDULE J, PART I, LINE 1A AND PART II COMPENSATION DETAILS AND NON-TAXABLE BENEFITS SCHEDULE J, PART II, COLUMN D, INCLUDES NON-TAXABLE HOUSING BENEFIT OF $79,269 FOR DR. KIMBERLY CLINE AND $50,000 FOR JOSEPH L. SCHAEFER. DR. KIMBERLY CLINE AND JOSEPH L. SCHAEFER ARE BOTH REQUIRED TO RESIDE ON THE UNIVERSITY'S CAMPUS AS A CONDITION OF THEIR EMPLOYMENT. FORM 990, SCHEDULE J, PART I, LINE 4B NONQUALIFIED RETIREMENT PLAN COMPENSATION AMOUNTS REPORTED ON SCHEDULE J, PART II, COLUMN B (III), INCLUDES NONQUALIFIED RETIREMENT DEFERRED COMPENSATION FOR JOHN KOSHEL IN THE AMOUNT OF $299,157, ELIZABETH GRANITZ IN THE AMOUNT OF $269,122, PATRICK KENNELLY IN THE AMOUNT OF $285,324, AND CLAIRE GOODMAN IN THE AMOUNT OF $269,203. FORM 990, SCHEDULE J, PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN IN CALENDAR YEAR 2019, DR. KIMBERLY CLINE PARTICIPATED IN AN IRC SEC. 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN AND RECEIVED A NON-VESTED DEFERRED BENEFIT OF $150,000, SUCH DEFERRED AMOUNT WAS NOT PAID OR VESTED IN CALENDAR YEAR 2019 BUT IS REQUIRED TO BE DISCLOSED UNDER IRS REGULATIONS. IN CALENDAR YEAR 2019, MICHAEL BEST PARTICIPATED IN AN IRC SEC. 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN AND RECEIVED A NON-VESTED DEFERRED BENEFIT OF $103,000, SUCH DEFERRED AMOUNT WAS NOT PAID OR VESTED IN CALENDAR YEAR 2019 BUT IS REQUIRED TO BE DISCLOSED UNDER IRS REGULATIONS. FORM 990, SCHEDULE J, PART I, LINE 7 NON-FIXED PAYMENT DEREK KELLOGG RECEIVED DISCRETIONARY BONUS COMPENSATION IN CALENDAR YEAR 2019. THIS IS REPORTED IN SCHEDULE J, PART II, COLUMN B (II). A DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 6499062J2 2012-10-17 62736138 REFUND 1999, 2003A & 2003B BNDS true false false B DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 000000000 2015-09-23 28190000 REISSUANCE OF 2006A-1 BONDS false false false C DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 000000000 2016-08-24 32535000 REISSUANCE OF 2006A-2 BONDS false false false A 23495000 2395000 63071791 5176777 0 0 1241461 0 0 0 56653553 0 true true true true B 2315000 0 28190000 0 0 0 0 0 0 0 28190000 0 true false true true C 1700000 0 32535000 0 0 0 0 0 0 0 32535000 0 true false true true A false true true true false 0.00100 0.00100 true 0.04640 true true B false true true true false 0.00100 0.00100 true 0.02170 true true C false true true true false 0.00100 0.00100 false false true A false false true true false false 0 false 0 false true B false false true true true false 0 false 0 false true C false false true true true false 0 false 0 false true A true B true C true FORM 990, SCHEDULE K, PARTS I-IV BOND ISSUE A; COLUMN (A): Difference between Part I(e) and Part II, line 3 is due to investment earnings. PART I, (F): THE BONDS ADVANCED REFUNDED THE ISSUER'S SERIES 1999 BONDS (ISSUED ON JUNE 10, 1999), CURRENTLY REFUNDED THE ISSUER'S SERIES 2003A BONDS (ISSUED ON JANUARY 23, 2003) AND SERIES 2003B BONDS (ISSUED ON AUGUST 31, 2003), AND FUNDED THE DEPOSIT TO THE DEBT SERVICE RESERVE FUND. PART II, LINE 13: SINCE PROCEEDS OF THE BONDS WERE USED FOR REFUNDING PURPOSES, THE YEAR OF SUBSTANTIAL COMPLETION IS NOT APPLICABLE. PART III, LINE 2: THE BORROWER HAS ENTERED INTO VARIOUS ARRANGEMENTS WHICH ARE RELATED TO ITS EXEMPT PURPOSES AND WHICH SATISFY THE 50-DAY RULE REQUIREMENTS OF SECTION 1.141-3(D)(3)(II) OF THE TREASURY REGULATIONS. PART III, LINE 7: AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. Part III, line 8(c): On June 20, 2016, the issuer established a defeasance escrow to redeem a portion of the bonds on the first call date. Notice of establishment of the defeasance escrow was provided to the IRS on July 6, 2016. PART IV, LINE 2(B): THE CURRENT REFUNDING PORTION OF THE BONDS HAS MET THE 6-MONTH EXPENDITURE EXCEPTION TO REBATE. PART IV, LINE 2(C): THE MOST RECENT FIFTH YEAR REBATE WAS PREPARED AS OF OCTOBER 17, 2017, BY BLX GROUP, LLC. BOND ISSUE B; COLUMN (B): PART I, (F): BONDS REISSUED THE ISSUER'S REVENUE BONDS, SUBSERIES 2006a-1 ISSUED ON SEPTEMBER 23, 2010. PART II, LINE 13: SINCE PROCEEDS OF THE BONDS WERE USED FOR CURRENT REFUNDING PURPOSES, THE YEAR OF SUBSTANTIAL COMPLETION IS NOT APPLICABLE. PART III, LINE 2: THE BORROWER HAS ENTERED INTO VARIOUS ARRANGEMENTS WHICH ARE RELATED TO ITS EXEMPT PURPOSES AND WHICH SATISFY THE 50-DAY RULE REQUIREMENTS OF SECTION 1.141-3(D)(3)(II) OF THE TREASURY REGULATIONS. PART III, LINE 7: AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. PART III, LINE 8(C): The Issuer redeemed the nonqualified portion of the BONDS ON July 1, 2016. PART IV, LINES 2(B) & 2(C): THE BONDS HAVE MET THE 6-MONTH EXECPTION TO REBATE REQUIREMENT AND, THEREFORE, NO REBATE HAS, OR EVER WILL, BECOME DUE ON THE BONDS. BOND ISSUE C; COLUMN (C): PART I, (F): BONDS REISSUED THE ISSUER'S REVENUE BONDS, SUBSERIES 2006A-2 ISSUED ON SEPTEMBER 1, 2009. PART II, LINE 13: SINCE PROCEEDS OF THE BONDS WERE USED FOR CURRENT REFUNDING PURPOSES, THE YEAR OF SUBSTANTIAL COMPLETION IS NOT APPLICABLE. PART III, LINE 2: THE BORROWER HAS ENTERED INTO VARIOUS ARRANGEMENTS WHICH ARE RELATED TO ITS EXEMPT PURPOSES ANS WHICH SATISFY THE 50-DAY RULE REQUIREMENTS OF SECTION 1.141-3(D)(3)(II)OF THE TREASURY REGULATIONS. PART III, LINE 7: AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS REPORTED IN PART III, LINE 6, IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. PART IV, LINE 2(B) & 2(C): THE BONDS HAVE MET THE 6-MONTH EXCEPTION TO REBATE REQUIREMENT AND, THEREFORE, NO REBATE HAS, OR EVER WILL, BECOME DUE ON THE BONDS. PIA STEVENS HAYNES FAMILY MEMBER - SEE PT V 155631 EMPLOYEE OF UNIVERSITY false MICHAEL FEVOLA FAMILY MEMBER - SEE PT V 222851 EMPLOYEE OF UNIVERSITY false MIMI PEZZUTO FAMILY MEMBER - SEE PT V 70866 EMPLOYEE OF UNIVERSITY false BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS FORM 990, SCHEDULE L, PART IV GALE STEVENS HAYNES GALE STEVENS HAYNES IS A KEY EMPLOYEE OF THE UNIVERSITY AND HER DAUGHTER, PIA STEVENS HAYNES, IS AN EMPLOYEE OF THE UNIVERSITY. CHRISTOPHER FEVOLA CHRISTOPHER FEVOLA IS AN OFFICER OF THE UNIVERSITY AND HIS BROTHER, MICHAEL FEVOLA, IS AN EMPLOYEE OF THE UNIVERSITY. JOHN PEZZUTO JOHN PEZZUTO IS A KEY EMPLOYEE OF THE UNIVERSITY AND HIS SPOUSE, MIMI PEZZUTO, IS AN EMPLOYEE OF THE UNIVERSITY. X 15 476248 FMV false true false NUMBER OF CONTRIBUTIONS SCHEDULE M, PART I, COLUMN (B) THE AMOUNT IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. ORGANIZATION'S MISSION FORM 990, PART I, LINE 1 BRIEF DESCRIPTION OF ORGANIZATION'S MISSION TO PROVIDE EXCELLENCE AND ACCESS IN PRIVATE HIGHER EDUCATION TO THOSE WHO SEEK TO EXPAND THEIR KNOWLEDGE AND PREPARE THEMSELVES FOR MEANINGFUL, EDUCATED LIVES AND FOR SERVICE TO THEIR COMMUNITIES AND THE WORLD. FORM 990, PART III, LINE 1 MISSION: ACCESS AND EXCELLENCE LONG ISLAND UNIVERSITY WAS FOUNDED ON THE PRINCIPLE OF EDUCATING AND EMPOWERING MEN AND WOMEN FROM ALL WALKS OF LIFE. THROUGH OUR MISSION OF ACCESS AND EXCELLENCE, THE LIU COMMUNITY REMAINS COMMITTED, ABOVE ALL ELSE TO THE EDUCATIONAL NEEDS AND INTERESTS OF OUR DIVERSE STUDENT BODY. WE STRIVE TO CULTIVATE AND EXPAND ACADEMIC, PROFESSIONAL, ARTISTIC AND CO-CURRICULAR OPPORTUNITIES, ENABLING STUDENTS TO REALIZE THEIR FULL POTENTIAL AS ETHICALLY GROUNDED, INTELLECTUALLY VIGOROUS AND SOCIALLY RESPONSIBLE GLOBAL CITIZENS. FORM 990 REVIEW FORM 990, PART VI, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM (KPMG) BASED ON INFORMATION PROVIDED BY THE BUSINESS AND FINANCE DIVISION OF THE UNIVERSITY. THE AUDIT COMMITTEE THEN REVIEWS THE FORM 990 IN A MEETING ATTENDED BY COMMITTEE MEMBERS, MANAGEMENT AND THE INDEPENDENT ACCOUNTANTS. A COPY OF THE FINAL FORM 990 IS PROVIDED TO THE EACH MEMBER OF THE BOARD OF TRUSTEES PRIOR TO FILING THE RETURN WITH THE IRS. THE AUDIT COMMITTEE CHAIR, CHIEF FINANCIAL OFFICER AND THE INDEPENDENT ACCOUNTANTS ARE AVAILABLE TO THE BOARD FOR QUESTIONS. CONFLICT OF INTEREST POLICY FORM 990, PART VI, LINE 12C ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES ANNUALLY COMPLETE A QUESTIONNAIRE TO DISCLOSE POTENTIAL CONFLICTS. THE QUESTIONNAIRE INCLUDES KEY DEFINITIONS AND EXAMPLES. IN ADDITION, THE CONFLICT OF INTEREST POLICY IS ANNUALLY REVIEWED WITH OFFICERS, DIRECTORS AND KEY EMPLOYEES AND THE SAME ARE REGULARLY REMINDED TO DISCLOSE ANY CHANGES. FOR ALL ACTUAL OR POTENTIAL CONFLICTS THAT ARE IDENTIFIED BY MANAGEMENT, THE AFFECTED PERSON IS ASKED TO RECUSE HIMSELF OR HERSELF FROM ALL DELIBERATIONS, TRANSACTIONS, NEGOTIATIONS AND OTHER MATTERS RELATING TO ANY SUCH INTEREST. NEW OFFICERS, DIRECTORS AND KEY EMPLOYEES UNDERGO AN ORIENTATION WHICH INCLUDES A REVIEW OF THE CONFLICT OF INTEREST POLICY. OFFICER COMPENSATION REVIEW FORM 990, PART VI, LINE 15 AND 15B COMPENSATION FOR THE UNIVERSITY PRESIDENT AND OTHER UNIVERSITY OFFICERS IS ESTABLISHED BY A PROCESS THAT INCLUDES THE USE OF EXTERNALLY PROVIDED COMPARABILITY DATA, REVIEW AND APPROVAL BY THE COMPENSATION COMMITTEE OF THE UNIVERSITY'S BOARD OF TRUSTEES, AND CONTEMPORANEOUS RECORDKEEPING OF DELIBERATIONS AND DECISIONS. THE COMPENSATION COMMITTEE CONSISTS OF THE CHAIR OF THE BOARD OF TRUSTEES, THE SECRETARY AND THE UNIVERSITY CHANCELLORS. THE PRESIDENT DOES NOT PARTICIPATE IN THE SETTING/REVIEW OF HER COMPENSATION AND ALL DECISIONS ARE MADE BY INDEPENDENT PERSONS WITHOUT A CONFLICT OF INTEREST WITH RESPECT TO COMPENSATION ARRANGEMENTS. THE UNIVERSITY ENGAGES AN OUTSIDE CONSULTING FIRM TO REVIEW THE COMPARABLES AND TO ASSIST THE COMMITTEE IN ITS DELIBERATIONS. THE CONSULTING FIRM REVIEWS COMPENSATION OF THE UNIVERSITY'S OFFICERS IN COMPARISON TO THOSE OFFICERS OF OTHER COLLEGES AND UNIVERSITIES WITHIN OUR SUPPORTED PEER GROUP OF OTHER UNIVERSITIES. THEIR REPORT IS PRESENTED TO THE EXECUTIVE COMMITTEE OF THE UNIVERSITY'S BOARD OF TRUSTEES. THE MOST RECENT REVIEW TOOK PLACE IN MARCH 2021. DOCUMENT REVIEW POLICY FORM 990, PART VI, LINE 19 LONG ISLAND UNIVERSITY PUBLISHES AN ANNUAL REPORT TO THE COMMUNITY WHICH INCLUDES FINANCIAL STATEMENT HIGHLIGHTS. THIS REPORT IS AVAILABLE ON THE UNIVERSITY'S WEB SITE. THE UNIVERSITY'S CONFLICT OF INTEREST POLICY, AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE TO THE GENERAL PUBLIC ON REQUEST. THE 990 IS ALSO AVAILABLE AT WWW.GUIDESTAR.ORG. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 POSTRETIREMENT CHANGES ..................................$ 711,413 CHANGE IN FMV OF INTEREST RATE SWAP AGREEMENTS ..........$ (2,414,994) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS.............$ 48,737 PROVISION FOR UNCOLLECTIBLE CONTRIBUTIONS RECEIVABLE.....$ 1,000,000 OTHER NONOPERATING CHANGE IN NET ASSETS..................$ (6,056,318) ------------- $ (6,711,162) OLD TENNIS CLUB 700 NORTHERN BLVD BROOKVILLE NEW YORK NY 11548 112347433 TENNIS CLUB NY 501(C)(3) 12A TYPE I LIU true false false false false false false false false false false false false false false true false false false false