2025-07-10T07:24:01-05:00 2024-08-31 135565207 KPMG LLP 345 PARK AVENUE NEW YORK NY 101540102 990 2023-09-01 111633516 LONG ISLAND UNIVERSITY LONG 5162992535 700 NORTHERN BLVD BROOKVILLE NY 115481326 CHRISTOPHER FEVOLA VP FINANCE & TREASURER 5164130950 2025-07-02 1 0 EVAN W SEEKAMP P01907071 2127589700 2025-07-09 2023 2025-03-06 01:10:19Z DR KIMBERLY R CLINE 700 NORTHERN BLVD BROOKVILLE NY 11548 509511770 0 X WWW.LIU.EDU X 1926 NY PROVIDE EXCELLENCE AND ACCESS IN EDUCATION TO THOSE WHO SEEK TO EXPAND THEIR KNOWLEDGE. SEE SCH O. 25 22 3534 30 220274 206483 29932632 34418410 406035482 418734008 2403122 13354922 209577 -50206 438580813 466457134 101338640 103177844 0 0 159712677 163821080 0 0 3660578 145417799 150297041 406469116 417295965 32111697 49161169 994068493 1094607268 228215595 219913804 765852898 874693464 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. 0 0 281545581 98467900 391664023 INSTRUCTION, ACADEMIC SUPPORT, AND INSTITUTIONAL SUPPORT - THE UNIVERSITY OFFERS BOTH CREDIT AND NONCREDIT COURSES FOR ACADEMIC AND VOCATIONAL INSTRUCTION. THE UNIVERSITY OFFERS 233 DEGREE AND CERTIFICATE PROGRAMS TO OVER 18,000 STUDENTS, AND EMPLOYS 369 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. 86885721 4709945 27056675 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 1,650 STUDENTS RESIDE IN THE DORMS. 8409657 0 13310 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. 376840959 1 1 0 1 0 0 0 1 0 1 1 1 0 1 1 1 1 0 1 1 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 0 0 1 502 0 1 3534 1 1 1 1 CS 0 0 0 1 1 0 0 0 0 1 0 X 25 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY SC X KEITH VOSS 5162992535 700 NORTHERN BLVD BROOKVILLE NY 11548 DR KIMBERLY CLINE PRESIDENT 60.00 0.00 X X 1971782 0 309179 CHERIE SEROTA TRUSTEE/VISIT. ASST. PROF. 35.00 0.00 X 97364 0 7528 RAO S ANUMOLU TRUSTEE 1.00 0.00 X 0 0 0 MICHELE BAHNIK-MERCIER TRUSTEE (BEG. 10/23) 1.00 0.00 X 0 0 0 THOMAS M BUONAIUTO CHAIR AUDIT COMMITTEE 3.00 0.00 X 0 0 0 DANIEL B FISHER TRUSTEE 1.00 0.00 X 0 0 0 GREG G GALDI TRUSTEE 1.00 0.00 X 0 0 0 MICHELLE GETHERS-CLARK TRUSTEE 1.00 0.00 X 0 0 0 PETER W GIBSON TRUSTEE (THRU 10/23) 1.00 0.00 X 0 0 0 JUSTIN GRANT TRUSTEE 1.00 0.00 X 0 0 0 LYNNE GREENE TRUSTEE (THRU 10/23) 1.00 0.00 X 0 0 0 MICHAEL P GUTNICK SR. VICE CHAIR 4.00 0.00 X 0 0 0 STEVEN S HORNSTEIN TRUSTEE 3.00 0.00 X 0 0 0 BOB JAHELKA TRUSTEE 1.00 0.00 X 0 0 0 ALFRED R KAHN TRUSTEE 3.00 0.00 X 0 0 0 DAVID KLINE TRUSTEE (THRU 10/23) 1.00 0.00 X 0 0 0 ERIC KRASNOFF CHAIR 8.00 0.00 X 0 0 0 LEON LACHMAN TRUSTEE (THRU 03/24) 1.00 0.00 X 0 0 0 FRANK LALEZARIAN TRUSTEE 1.00 0.00 X 0 0 0 BRIAN K LAND TRUSTEE 3.00 0.00 X 0 0 0 SARABETH LEVINE TRUSTEE 1.00 0.00 X 0 0 0 HOWARD M LORBER TRUSTEE 1.00 0.00 X 0 0 0 WINIFRED MACK TRUSTEE/EXC DEAN HLTH PROF 40.00 0.00 X 310882 0 11032 MICHAEL MELNICKE TRUSTEE 1.00 0.00 X 0 0 0 KUNI NAKAMURA TRUSTEE (THRU 10/23) 1.00 0.00 X 0 0 0 RICHARD P NESPOLA TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM R NUTI TRUSTEE 1.00 0.00 X 0 0 0 CHINTU PATEL TRUSTEE 1.00 0.00 X 0 0 0 SHARON STERNHEIM TRUSTEE 2.00 0.00 X 0 0 0 RONALD J SYLVESTRI TRUSTEE 1.00 0.00 X 0 0 0 CHRISTOPHER FEVOLA VP AND CHIEF FINANCIAL OFFICER 60.00 0.50 X 524186 0 105495 ELIZABETH CHEUNG-GAFFNEY VP UNIVERSITY COUNSEL 50.00 0.50 X 329016 0 78306 JOSEPH SCHAEFER CHIEF OPERATING OFFICER 60.00 0.50 X 480807 0 114718 BASHAR BAROUDI VP INFORMATION TECHNOLOGY 50.00 0.00 X 462210 0 106686 MOHAMMED CHERKAOUI VP RESEARCH 50.00 0.00 X 403272 0 44893 MICHAEL BERTHEL VP STUDENT AFFAIRS 50.00 0.00 X 302658 0 93220 KERRY KRUCKEL VP UNIVERSITY ADVANCEMENT 50.00 0.00 X 359290 0 63078 ARASH DABESTANI DEAN-PHARMACY 40.00 0.00 X 513370 0 75365 ROD STRICKLAND HEAD COACH MEN'S BASKETBALL 40.00 0.00 X 649794 0 46588 PAUL GILMORE DEAN - LIBERAL ARTS 40.00 0.00 X 379493 0 33940 REBECCA STATES FULL PROFESSOR 40.00 0.00 X 366657 0 48612 MICHAEL KINCH EXEC DEAN-SCIENCES (THRU 6/24) 40.00 0.00 X 353333 0 16500 RANDY BURD FMR SVP ACADEMIC AFFAIRS (THRU 7/23) 50.00 0.00 X 415605 0 101414 LORETTA KNAPP FMR VP ACAD AFFAIRS (THRU 6/18) 35.00 0.00 X 133051 0 13022 DEIRDRE WHITMAN FMR VP UNI. ADMISSIONS (THRU 8/22) 40.00 0.00 X 202008 0 30035 CHARLES RASBERRY FMR VP UNIV ADV (THRU 8/22) 50.00 0.00 X 273272 0 44091 8528050 0 1343702 394 1 1 0 ARAMARK 1101 MARKET STREET ARAMARK TOWER PHILADELPHIA PA 19107 FOOD SERVICE & MAINTENANCE 23371467 A & A MAINTENANCE 965 MIDLAND AVENUE YONKERS NY 10704 JANITORIAL SERVICES 15594641 ALLIED UNIVERSAL SECURITY SERVICES 50 JACKSON AVENUE SYOSSET NY 11791 SECURITY 4700985 AXIS CONSTRUCTION CORP 125 LASER COURT HAUPPAUGE NY 11788 CONSTRUCTION 3470584 WILLIAM J SCHWARTZ PTPC 5700 MERRICK ROAD MASSAPEQUA NY 11758 STUDENT ATHLETIC TRAINING 2637568 88 1018372 24871236 8528802 741119 34418410 TUITION & FEES 611310 373881784 373881784 SALES & SVCS OF AUX EN 721310 27056675 27056675 CONCERT THEATRE 711310 4186199 4186199 COMMISSIONS 900099 972358 972358 UNIVERSITY FEES 611310 731259 731259 11905733 11905733 418734008 12935434 220274 12715160 459267 399914 59353 59353 59353 42449829 42030341 419488 419488 419488 514822 1018372 624381 -109559 -109559 466457134 418734008 220274 13084442 93895131 93895131 9282713 9282713 6456938 2119071 3901248 436619 150725 150725 121700408 112441434 7948860 1310114 6471104 6096270 296964 77870 19951133 18161338 1513978 275817 9090772 8145453 822020 123299 349505 349505 672805 672805 240793 240793 1749105 1749105 17599651 15496112 1525452 578087 2309462 491401 1799199 18862 6049483 3314660 2699728 35095 6571242 3319879 3227666 23697 55360430 53153020 1942206 265204 6668108 6546843 118882 2383 1569618 1308382 123112 138124 3692133 3674528 15308 2297 21219303 21109244 95705 14354 1813455 1281247 531352 856 FOOD SERVICE 11063058 9919875 976522 166661 BAD DEBT 5500000 0 5500000 0 SUPPLIES & MINOR EQUIP 3720141 3386746 333395 0 BOOKS & SUBSCRIPTIONS 2001445 1808771 178057 14617 2147304 1738116 232566 176622 417295965 376840959 36794428 3660578 43934973 43596860 6978556 5084184 17836891 21614279 6551039 5551836 7338987 4942920 799677282 403814781 379215765 395862501 360991571 440225881 97778732 107535134 73441979 70193673 994068493 1094607268 12000125 14416089 5419153 6367506 34435934 31487885 75999207 73497260 100361176 94145064 228215595 219913804 X 655037960 747753028 110814938 126940436 765852898 874693464 994068493 1094607268 X 49161169 62243263 -2563866 X 0 1 X 1 1 1 X 22532598 37797267 36296873 29932632 34418410 160977780 22532598 37797267 36296873 29932632 34418410 160977780 160977780 4374602 3713463 8136553 9802862 13187218 39214698 1202727 1007800 2571961 991763 207483 5981734 206174212 1997166615 0.78080 0.80850 X FORM 990, SCHEDULE A, PART II - 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 0 0 0 0 0 0 1 240793 0 1 1703 242496 0 LOBBYING FEES FORM 990, SCHEDULE C, PART II-B, LINE 1G MICHAEL BEST STRATEGIES, INC, AND JMS STRATEGIES, INC, AID IN THE CULTIVATION OF WORKING RELATIONSHIPS BETWEEN LIU, FEDERAL AGENCIES, AND THE U.S. CONGRESS. MICHAEL BEST STRATEGIES, INC, AND JMS STRATEGIES, INC ALSO ASSIST 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. $1,703 IS THE PORTION OF DUES PAID TO CICU ATTRIBUTABLE TO LOBBYING. X X 0 398988362 30423774 67380606 1549545 13254461 481988736 366591797 15907418 30598766 1928460 12181159 398988362 366781600 40092144 -28034622 1373713 10873612 366591797 242211453 77968495 56020138 1545543 7872943 366781600 238676611 954399 11222557 1348158 7293956 242211453 0.75614 0.24386 0 0 27173525 27173525 652950718 342989783 309960935 15246454 12334894 2911560 50215043 25958595 24256448 54091542 22531509 31560033 395862501 MULTI-STRATEGY ALT INV 107535134 F 107535134 DEPOSITS WITH BOND TRUSTEES 3204218 RIGHT-OF-USE ASSET 12735001 NET INVESTMENT IN LEASE 54254454 70193673 LEASE LIABILITIES 31338271 BENEFITS PAYABLE UNDER EARLY RETIREMENT PLANS 33517039 EARLY RETIREMENT PLAN 6691579 ASSET RETIREMENT OBLIGATION 7745750 INTEREST RATE SWAP 5503730 OTHER LIABILITIES 4172737 EST SELF-INSURANCE LIABILITY 5175958 94145064 X 422233875 62243263 -2563866 59679397 362554478 1749105 102153551 103902656 466457134 313393309 1024295 1024295 312369014 1749105 103177846 104926951 417295965 PART III, LINE 4: COLLECTION OF ART AND HISTORICAL TREASURES 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. PART V, LINE 4: USE OF ENDOWMENT FUNDS ENDOWMENT FUND REVENUE IS USED FOR GENERAL OPERATING SUPPORT UNLESS IT IS RESTRICTED BY THE DONOR FOR A SPECIFIC PURPOSE. PART X, LINE 2: UNCERTAIN TAX POSITIONS 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 AS THE UNIVERSITY HAS NOT REPORTED ANY MATERIAL TAXABLE UNRELATED BUSINESS INCOME. 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, 2024 AND 2023, THE UNIVERSITY HAS NOT IDENTIFIED OR PROVIDED FOR ANY SUCH POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: POSTRETIREMENT CHANGES -2,381,394. CHANGE IN FMV OF INTEREST RATE SWAP AGREEMENTS -722,283. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 83,271. OTHER RECLASSIFICATIONS 456,540. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 103,177,846. RECLASS OF SPECIAL EVENT EXPENSES -624,381. RECLASS OF RENTAL EXPENSES -399,914. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF SPECIAL EVENT EXPENSES 624,381. RECLASS OF RENTAL EXPENSES 399,914. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 103,177,846. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 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. (SEE SCHEDULE O FOR MORE). SCHEDULE E, PART I, LINE 6 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 NATIONAL SCIENCE FOUNDATION NATIONAL INSTITUTE OF HEALTH UNITED STATES DEPARTMENT OF DEFENSE FOOD AND DRUG ADMINISTRATION NEW YORK STATE AID: NEW YORK STATE HIGHER EDUCATION SERVICES CORPORATION NEW YORK STATE DEPARTMENT OF MENTAL HYGIENE NEW YORK STATE EDUCATION DEPARTMENT NEW YORK STATE URBAN DEVELOPMENT CORPORATION NEW YORK STATE COUNCIL ON THE ARTS DORMITORY AUTHORITY OF THE STATE OF NEW YORK 1 CENTRAL AMERICA AND THE CARIBBEAN 1 3 PROGRAM SERVICES ACADEMIC INSTRUCTION 221311 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES ACADEMIC INSTRUCTION 507853 EAST ASIA & PACIFIC 0 8 PROGRAM SERVICES ACADEMIC INSTRUCTION 418846 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTMAKING SCHOLARSHIPS 568456 EAST ASIA & PACIFIC 0 0 GRANTMAKING SCHOLARSHIPS 903454 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 GRANTMAKING SCHOLARSHIPS 3308278 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTMAKING SCHOLARSHIPS 522528 NORTH AMERICA 0 0 GRANTMAKING SCHOLARSHIPS 1877930 RUSSIA AND NEIGHBORING STATES 0 0 GRANTMAKING SCHOLARSHIPS 297998 SOUTH AMERICA 0 0 GRANTMAKING SCHOLARSHIPS 581486 SOUTH ASIA 0 0 GRANTMAKING SCHOLARSHIPS 774400 SUB-SAHARAN AFRICA 0 0 GRANTMAKING SCHOLARSHIPS 448182 1 11 0 0 1 11 8328656 2102066 10430722 SCHOLARSHIPS CENTRAL AMERICA AND THE CARIBBEAN 17 568456 TUITION CRED BOOK SCHOLARSHIPS EAST ASIA AND THE PACIFIC 24 903454 TUITION CRED BOOK SCHOLARSHIPS EUROPE (INCLUDING ICELAND AND GREENLAND) 78 3308278 TUITION CRED BOOK SCHOLARSHIPS MIDDLE EAST AND NORTH AFRICA 15 522528 TUITION CRED BOOK SCHOLARSHIPS NORTH AMERICA 52 1877930 TUITION CRED BOOK SCHOLARSHIPS RUSSIA AND NEIGHBORING STATES 10 297998 TUITION CRED BOOK SCHOLARSHIPS SOUTH AMERICA 14 581486 TUITION CRED BOOK SCHOLARSHIPS SOUTH ASIA 47 774400 TUITION CRED BOOK SCHOLARSHIPS SUB-SAHARAN AFRICA 12 448182 TUITION CRED BOOK 1 0 1 1 1 1 PART I, LINE 2: GRANT MONITORING 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. PART I, LINE 3: METHOD USED TO ACCOUNT FOR EXPENDITURES EXPENDITURES ON PART I, LINE 3, COLUMN F ARE REPORTED ON AN ACCRUAL BASIS. X X X X X X X 0 AL AK AR AZ CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MA MD MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY LIU GALA 572921 463431 109490 39790 115636 2153 TILLES SWING FOR KIDS 494031 356835 137196 95634 58115 1500 51863 3 466242 198106 268136 94998 86177 57845 20670 1533194 1018372 514822 230422 259928 59345 74686 624381 -109559 1 SCHOLARSHIPS 5055 89185187 BOOK TUITION CREDIT SCHOLARSHIPS 4709944 BOOK ROOM AND BOARD PART I, LINE 2: GRANT MONITORING 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. X X 1 1 X X X X X 1 1 0 0 0 0 0 0 0 DR KIMBERLY CLINE PRESIDENT 1118027 0 0 0 853755 0 183550 0 125629 0 2280961 0 650000 0 ROD STRICKLAND HEAD COACH MEN'S BASKETBALL 649794 0 0 0 0 0 0 0 46588 0 696382 0 0 0 CHRISTOPHER FEVOLA VP AND CHIEF FINANCIAL OFFICER 471546 0 0 0 52640 0 56300 0 49195 0 629681 0 50000 0 JOSEPH SCHAEFER CHIEF OPERATING OFFICER 415133 0 0 0 65674 0 46400 0 68318 0 595525 0 50000 0 ARASH DABESTANI DEAN-PHARMACY 513370 0 0 0 0 0 26400 0 48965 0 588735 0 0 0 BASHAR BAROUDI VP INFORMATION TECHNOLOGY 403854 0 0 0 58356 0 56300 0 50386 0 568896 0 50000 0 RANDY BURD FMR SVP ACADEMIC AFFAIRS (THRU 7/23) 380270 0 0 0 35335 0 75445 0 25969 0 517019 0 0 0 MOHAMMED CHERKAOUI VP RESEARCH 392690 0 0 0 10582 0 26400 0 18493 0 448165 0 0 0 KERRY KRUCKEL VP UNIVERSITY ADVANCEMENT 343128 0 0 0 16162 0 16500 0 46578 0 422368 0 0 0 REBECCA STATES FULL PROFESSOR 79253 0 0 0 287404 0 9372 0 39240 0 415269 0 0 0 PAUL GILMORE DEAN - LIBERAL ARTS 129493 0 0 0 250000 0 6845 0 27095 0 413433 0 0 0 ELIZABETH CHEUNG-GAFFNEY VP UNIVERSITY COUNSEL 323016 0 0 0 6000 0 31440 0 46866 0 407322 0 0 0 MICHAEL BERTHEL VP STUDENT AFFAIRS 298585 0 0 0 4073 0 32844 0 60376 0 395878 0 0 0 MICHAEL KINCH EXEC DEAN-SCIENCES (THRU 6/24) 352333 0 0 0 1000 0 16500 0 0 0 369833 0 0 0 WINIFRED MACK TRUSTEE/EXC DEAN HLTH PROF 309882 0 0 0 1000 0 8200 0 2832 0 321914 0 0 0 CHARLES RASBERRY FMR VP UNIV ADV (THRU 8/22) 273272 0 0 0 0 0 22385 0 21706 0 317363 0 0 0 DEIRDRE WHITMAN FMR VP UNI. ADMISSIONS (THRU 8/22) 147178 0 0 0 54830 0 12040 0 17995 0 232043 0 0 0 LORETTA KNAPP FMR VP ACAD AFFAIRS (THRU 6/18) 131161 0 0 0 1890 0 12399 0 623 0 146073 0 0 0 PART I, LINE 1A SCHEDULE J, PART II, COLUMN D, INCLUDES NON-TAXABLE HOUSING BENEFIT OF $96,523 FOR DR. KIMBERLY CLINE, $59,398 FOR JOSEPH SCHAEFER, AND $59,398 FOR MICHAEL BERTHEL. DR. KIMBERLY CLINE, JOSEPH SCHAEFER, AND MICHAEL BERTHEL ARE REQUIRED TO RESIDE ON THE UNIVERSITY'S CAMPUS AS A CONDITION OF THEIR EMPLOYMENT. COMPENSATION AMOUNTS REPORTED ON SCHEDULE J, PART II, COLUMN B (III), INCLUDES A TAXABLE HOUSING BENEFIT OF $29,167 FOR RANDY BURD AND $50,000 FOR DEIRDRE WHITMAN. SCHEDULE J, PART II, COLUMN D, INCLUDES NON-TAXABLE CLUB DUES PAID ON BEHALF OF DR. KIMBERLY CLINE IN THE AMOUNT OF $1,441. PART I, LINES 4A-B PART 1, LINE 4A - SEVERANCE PAYMENTS COMPENSATION AMOUNTS REPORTED ON SCHEDULE J, PART II, COLUMN B (III), INCLUDES SEVERANCE PAYMENTS OF $250,000 MADE TO PAUL GILMORE. PART I, LINE 4B - NONQUALIFIED RETIREMENT PLAN COMPENSATION AMOUNTS REPORTED ON SCHEDULE J, PART II, COLUMN B (III) INCLUDES NONQUALIFIED RETIREMENT DEFERRED COMPENSATION FOR REBECCA STATES IN THE AMOUNT OF $287,404. PART I, LINE 4B - SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN THE UNIVERSITY MAINTAINS A SECTION 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN. THE FOLLOWING INDIVIDUALS PARTICIPATED IN AND/OR RECEIVED VESTED DISTRIBUTIONS FROM THE PLAN DURING THE CALENDAR YEAR 2023. THESE AMOUNTS ARE REPORTED, AS REQUIRED ON SCHEDULE J, PART II AS FOLLOWS: CURRENT YEAR DEFERRALS - (PART II, COL. (C)) DR. KIMBERLY CLINE - $ 150,000 RANDY BURD - $ 50,000 ELIZABETH CHEUNG-GAFFNEY - $ 20,000 BASHAR BAROUDI - $ 20,000 CHRISTOPHER FEVOLA - $ 20,000 JOSEPH SCHAEFER - $ 20,000 PRIOR REPORTED AMOUNTS - (PART II, COL. (B)(III) AND (F)) DR. KIMBERLY CLINE - $ 650,000 BASHAR BAROUDI - $ 50,000 CHRISTOPHER FEVOLA - $ 50,000 JOSEPH SCHAEFER - $ 50,000 ADDITIONAL VESTED AMOUNTS - (PART II, COL. (B)(III)) DR. KIMBERLY CLINE - $162,227 BASHAR BAROUDI - $ 2,194 CHRISTOPHER FEVOLA - $ 1,908 JOSEPH SCHAEFER - $ 3,599 A DORMITORY AUTHORITY OF THE STATE OF NEW YORK SERIES 2021A 146000293 2021-07-28 55600000 SEE PART VI. 0 0 0 A 2250000 55600000 542452 55057548 2021 1 0 1 1 A 0 1 1 1 0 0.00200 0.00200 0 0 1 A 0 1 1 0 1 0 0 0 1 A 1 PART I (F) BONDS WERE ISSUED TO REFUND REISSUED SERIES 2006A-1 BONDS ISSUED ON SEPTEMBER 23, 2015, TO REFUND REISSUED SERIES 2006A-2 BONDS ISSUED ON AUGUST 24, 2016, AND TO PAY COSTS OF ISSUANCE. PART II, LINE 13 SINCE PROCEEDS OF THE BONDS WERE USED FOR CURRENT REFUNDING PURPOSES, THE YEAR OF SUBSTANTIAL COMPLETION IS NOT APPLICABLE. THE DATE REPORTED REFLECTS THE YEAR IN WHICH THE REFUNDING PROCEEDS WERE EXPENDED. 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) THE BONDS HAVE MET THE 6-MONTH EXCEPTION TO REBATE REQUIREMENT. MICHAEL FEVOLA FAMILY MEMBER 150725 EMP. COMP. 0 SCHEDULE L, PART IV CHRISTOPHER FEVOLACHRISTOPHER FEVOLA IS AN OFFICER OF THE UNIVERSITY AND HIS BROTHER, MICHAEL FEVOLA, IS AN EMPLOYEE OF THE UNIVERSITY. X 6 741119 FAIR MARKET VALUE 0 0 1 0 SCHEDULE M, PART I, COLUMN (B): NUMBER OF CONTRIBUTORS THE AMOUNT IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART I, LINE 1 - ORGANIZATION'S MISSION BRIEF DESCRIPTION OF ORGANIZATION'S MISSION TO PROVIDE EXCELLENCE AND ACCESS IN PRIVATE HIGHER EDUCATION TO PEOPLE FROM ALL BACKGROUNDS 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, PART VI, SECTION B, 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 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. FORM 990, PART VI, SECTION B, 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. FORM 990, PART VI, SECTION B, LINE 15 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 UNIVERSITIES. THEIR REPORT IS PRESENTED TO THE EXECUTIVE COMMITTEE OF THE UNIVERSITY'S BOARD OF TRUSTEES. THE MOST RECENT REVIEW TOOK PLACE IN SEPTEMBER 2023. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENT REVIEW POLICY 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. FORM 990, PART XI, LINE 9: POSTRETIREMENT CHANGES -2,381,394. CHANGE IN FMV OF INTEREST RATE SWAP AGREEMENTS -722,283. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 83,271. OTHER RECLASSIFICATIONS 456,540. FORM 990, SCHEDULE E, PART II 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. OLD TENNIS CLUB 700 NORTHERN BLVD BROOKVILLE NY 11548 112347433 TENNIS CLUB NY 501(C)(3) LINE 12A, I LIU 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0