2017-06-30T15:57:05-05:00 2016-08-31 KPMG LLP 345 Park Avenue New York NY 101540102 990 2015-09-01 111633516 LONG ISLAND UNIVERSITY % MARK SCHMOTZER LONG 5162992535 700 Northern Blvd Brookville NY 11548 CHRISTOPHER R FEVOLA VP FINANCE,TREASURER 5162992535 2017-06-30 true DEVIN L DUNCAN P01249521 2127589700 2017-06-29 2015 2021-01-29 14:40:06Z Dr Kimberly R Cline 700 Northern Blvd Brookville NY 11548 499444280 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. 31 30 6576 40 -325643 -326893 17385055 25391183 472637226 462980009 1007521 1998273 -78665 -70095 490951137 490299370 103266443 98541115 0 0 235261441 234644640 151752 45000 2720681 120359192 120488135 459038828 453718890 31912309 36580480 633442455 628876766 308767706 275527474 324674749 353349292 X 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. false false 313347094 98541115 435245052 INSTRUCTION, ACADEMIC SUPPORT, AND INSTITUTIONAL SUPPORT - THE UNIVERSITY OFFERS BOTH CREDIT AND NONCREDIT COURSES FOR ACADEMIC AND VOCATIONAL INSTRUCTION. THE UNIVERSITY OFFERS 554 DEGREE AND CERTIFICATE PROGRAMS TO OVER 17,500 STUDENTS, AND EMPLOYS 551 FULL-TIME FACULTY OVER SIX CAMPUSES. ACTIVITIES IN THIS CATEGORY ALSO INCLUDE SUPPORT SERVICES SUCH AS LIBRARIES, EDUCATIONAL MEDIA SERVICES, ACADEMIC COMPUTING SUPPORT AND ACADEMIC ADMINISTRATION. 80376289 27698317 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 ATHLETICS, STUDENT ORGANIZATIONS, INTERCOLLEGIATE ATHLETICS, COUNSELING AND CAREER GUIDANCE, STUDENT AID ADMINISTRATION AND STUDENT HEALTH SERVICE. APPROXIMATELY 1,900 STUDENTS RESIDE IN THE DORMS. 6280530 36640 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. 400003913 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 495 0 true 6576 true false false false false false true true false false false false X 31 30 false false false false false false false true true false false true true true true true true true true false NY X MARK SCHMOTZER 5162992535 700 NORTHERN BLVD BROOKVILLE NY 11548 LINDA E AMPER TRUSTEE 1.0 0.0 X 0 0 0 RAO SUBBA ANUMOLu TRUSTEE 1.0 0.0 X 0 0 0 ROGER L BAHNIK TRUSTEE 1.0 0.0 X 0 0 0 STANLEY F BARSHAY TRUSTEE 3.0 0.0 X 0 0 0 MARK A BOYAR TRUSTEE 1.0 0.0 X 0 0 0 JOHN R BRANSFIELD JR TRUSTEE 2.0 0.0 X 0 0 0 THOMAS M BUONAIUTO TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL N EMMERMAN TRUSTEE 1.0 0.0 X 0 0 0 DANIEL B FISHER TRUSTEE 2.0 0.0 X 0 0 0 PETER W GIBSON TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL P GUTNICK TRUSTEE 4.0 0.0 X 0 0 0 STEVEN S HORNSTEIN TRUSTEE 1.0 0.0 X 0 0 0 ALFRED R KAHN TRUSTEE 3.0 0.0 X 0 0 0 ERIC KRASNOFF CHAIR 5.0 0.0 X 0 0 0 STEVEN J KUMBLE SECRETARY 4.0 0.0 X 0 0 0 LEON LACHMAN CHANCELLOR-COL OF PHARM 3.0 0.0 X 0 0 0 ABRAHAM M LACKMAN TRUSTEE 3.0 0.0 X 0 0 0 BRIAN K LAND TRUSTEE 2.0 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 FRANK LOURENSO TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL MELNICKE TRUSTEE 1.0 0.0 X 0 0 0 SALVATORE NARO TRUSTEE (THRU 12/2015) 1.0 0.0 X 0 0 0 RICHARD P NESPOLA TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM R NUTI TRUSTEE 1.0 0.0 X 0 0 0 AUDREY SCHEIN TRUSTEE (THRU 05/2016) 1.0 0.0 X 0 0 0 CHERIE D SEROTA TRUSTEE 1.0 0.0 X 0 0 0 DANIEL SIMMONS TRUSTEE 1.0 0.0 X 0 0 0 HARVEY SIMPSON TRUSTEE 2.0 0.0 X 0 0 0 SHARON STERNHEIM TRUSTEE 2.0 0.0 X 0 0 0 RONALD J SYLVESTRI CHANCELLOR-HUDSON 3.0 0.0 X 0 0 0 CHARLES M ZEGAR TRUSTEE 1.0 0.0 X 0 0 0 Dr KIMBERLY R CLINE PRESIDENT 40.0 0.0 X X 785644 0 311286 GALE STEVENS HAYNES COO & UNIVERSITY COUNSEL 40.0 0.0 X 375057 0 44781 JEFFREY KANE VP ACADEMIC AFFAIRS 40.0 0.0 X 371363 0 62940 CHRISTOPHER FEVOLA VP AND CHIEF FINANCIAL OFFICER 40.0 0.0 X 350348 0 66859 BASHAR BAROUDI VP INFORMATION TECH 40.0 0.0 X 302762 0 63291 JACQUELYN NEALON VP ENROLLMENT & CAMPUS LIFE 40.0 0.0 X 256788 0 138311 MICHAEL GLICKMAN VP FOR UNIV. 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RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 15000 false true 3904 18904 false LOBBYING EXPENSES FORM 990, SCHEDULE C, PART II-B, LINE 1G AS PART OF A LARGER COMMUNITY OF HIGHER EDUCATION INSTITUTIONS, LONG ISLAND UNIVERSITY ACTIVELY ADVOCATES FOR INCREASED STUDENT FINANCIAL AID, RESEARCH FUNDING, ECONOMIC DEVELOPMENT AID AND FOR SPECIFIC PROGRAMS THAT ASSIST OUR NEIGHBORING COMMUNITIES. WE OCCASIONALLY ENGAGE THE EXPERTISE OF OUR INTERNAL STAKEHOLDERS - OUR WORLD-CLASS FACULTY, PROFESSIONAL ADMINISTRATORS, UNIVERSITY OFFICERS AND THE LEADERSHIP OF OUR TRUSTEES, TO ASSIST WITH OUR ADVOCACY EFFORTS. FORM 990, SCHEDULE C, PART II-B, LINE 1I LONG ISLAND UNIVERSITY PAYS MEMBERSHIP DUES TO THE COMMISSION ON INDEPENDENT COLLEGES AND UNIVERSITIES. $3,904 IS THE PORTION OF DUES PAID TO CICU ATTRIBUTABLE TO LOBBYING. X X false 119539392 22598121 2700781 948087 3220105 140670102 107103782 11030193 4956251 998677 2552157 119539392 94265599 2797840 12872023 367189 2464491 107103782 82442726 6828806 7999612 330258 2675287 94265599 81103213 2897826 1830794 415244 2973863 82442726 0.50130 0.43120 0.06750 false false 0 16084041 16084041 0 473105521 221067534 252037987 19022738 9054760 9967978 47996601 41614189 6382412 13538050 13538050 298010468 MULTI-STRATEGY INVESTMENTS 134078089 F REAL ESTATE 1633326 F 135711415 0 POST RETIREMENT BENEFIT LIABILITY 49470103 EARLY RETIREMENT PLAN 5371319 ANNUITY PAYABLE 1122951 EST SELF-INSURANCE LIABILITY 6743440 ASSET RETIREMENT OBLIGATION 7119000 INTEREST RATE SWAP 24748882 OTHER 3874290 98449985 X 384153591 3366986 -109814038 -106447052 490600643 909010 -1210283 -301273 490299370 355479048 1210283 1210283 354268765 909010 98541115 99450125 453718890 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. INTENDED 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. FORM 990 SCHEDULE D, PART V, LINE 1B, COLUMN (A) Contributions on Part V, Line 1B, Column (A) include transfers to quasi endowment totaling $20,050,300. UNCERTAIN TAX POSITIONS FORM 990, SCHEDULE D, PART X, LINE 2 THE UNIVERSITY HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE AND IS CONSIDERED EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT FOR ANY UNRELATED BUSINESS INCOME ACTIVITIES. NO PROVISION FOR INCOME TAXES HAS BEEN MADE AS THE UNIVERSITY HAS NOT REPORTED ANY TAXABLE UNRELATED BUSINESS INCOME. THE UNIVERSITY EVALUATES, ON AN ANNUAL BASIS, THE EFFECTS OF ANY UNCERTAIN TAX POSITIONS ON ITS FINANCIAL STATEMENTS USING A THRESHOLD OF MORE LIKELY THAN NOT. AS OF AUGUST 31, 2016, and 2015, THE UNIVERSITY HAS NOT IDENTIFIED OR PROVIDED FOR ANY SUCH POSITIONS. RECONCILIATION OF REVENUE PER AUDITED FINANCIALS WITH REVENUE PER RETURN FORM 990, SCHEDULE D, PART XI, LINE 2D RECLASS OF SCHOLARSHIP EXPENSES ........................$(98,541,115) CHANGE IN FMV OF INTEREST RATE SWAP AGREEMENTS .........$(6,159,353) OTHER NONOPERATING CHANGE IN NET ASSETS.................$(2,553,640) POST-RETIREMENT CHANGES ................................$(1,798,096) Loss on Defeasance and Refunding of Debt................$(558,021) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS............$(108,813) PROVISION FOR UNCOLLECTIBLE CONTRIBUTIONS RECEIVABLE....$(95,000) ------------------ $(109,814,038) RECONCILIATION OF REVENUE PER AUDITED FINANCIALS WITH REVENUE PER RETURN FORM 990, SCHEDULE D, PART XI, LINE 4B RECLASS OF SPECIAL EVENT EXPENSES ........................$(867,725) RECLASS OF RENTAL EXPENSES ...............................$(342,558) ----------- $(1,210,283) RECONCILIATION OF EXPENSES PER AUDITED FINANCIALS WITH EXPENSES PER RETURN FORM 990, SCHEDULE D, PART XII, LINE 2D RECLASS OF SPECIAL EVENT EXPENSES ........................$867,725 RECLASS OF RENTAL EXPENSES ...............................$342,558 ------------ $1,210,283 RECONCILIATION OF EXPENSES PER AUDITED FINANCIALS WITH EXPENSES PER RETURN FORM 990, SCHEDULE D, PART XII, LINE 4B RECLASS OF SCHOLARSHIP EXPENSES.........................$ 98,541,115 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 DEFENSE UNITED STATES DEPARTMENT OF JUSTICE NATIONAL SCIENCE FOUNDATION NATIONAL AERONAUTICS AND SPACE ADMINISTRATION NEW YORK STATE AID: NEW YORK STATE HIGHER EDUCATION SERVICES CORPORATION true Central America and the Caribbean 1 9 Program Services Academic Instruction 650005 Europe (Including Iceland and Greenland) 1 2 Program Services Academic Instruction 422267 East Asia and the Pacific 2 12 Program Services Academic Instruction 748569 Central America and the Caribbean Investments 2169041 Central America and the Caribbean Grantmaking SCHOLARSHIPS 241539 East Asia and the Pacific Grantmaking SCHOLARSHIPS 509179 Europe (Including Iceland and Greenland) Grantmaking SCHOLARSHIPS 2498400 Middle East and North Africa Grantmaking SCHOLARSHIPS 127468 North America Grantmaking SCHOLARSHIPS 653748 Russia and the Newly Independent States Grantmaking SCHOLARSHIPS 123490 South America Grantmaking SCHOLARSHIPS 68757 South Asia Grantmaking SCHOLARSHIPS 820013 Sub-Saharan Africa Grantmaking SCHOLARSHIPS 74738 4 23 4 23 9107214 9107214 SCHOLARSHIPS Central America and the Caribbean 8 241539 Tuition Credit BOOK SCHOLARSHIPS East Asia and the Pacific 32 509179 Tuition Credit book SCHOLARSHIPS Europe (Including Iceland and Greenland) 104 2498400 Tuition Credit book SCHOLARSHIPS Middle East and North Africa 5 127468 Tuition Credit book SCHOLARSHIPS North America 19 653748 Tuition Credit book SCHOLARSHIPS Russia and the Newly Independent States 4 123490 Tuition Credit book SCHOLARSHIPS South America 2 68757 Tuition Credit book SCHOLARSHIPS South Asia 99 820013 Tuition Credit book SCHOLARSHIPS Sub-Saharan Africa 2 74738 Tuition Credit 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 BOTH DEGREE AND NON-DEGREE PROGRAMS. EACH GRANT OR OTHER FORM OF ASSISTANCE HAS SPECIFIC AWARDING CRITERIA AND INDIVIDUAL RULES FOR SELECTION BASED ON MERIT, NEED, AND/OR PERFORMANCE. THESE REQUIREMENTS ARE PUBLISHED EACH YEAR AND ARE ADMINISTERED BY THE CAMPUS FINANCIAL AID OFFICES WHICH ARE ALSO RESPONSIBLE FOR AWARDING AND POSTING TRANSACTIONS TO INDIVIDUAL STUDENT ACCOUNTS. THE DISBURSAL OF FUNDS IS SEGREGATED AND PERFORMED BY THE CENTRAL FINANCIAL AID OFFICE OF THE UNIVERSITY. 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 X X X X X true HARVEST FRC INC SEE PART IV Consultant false 39000 -39000 GIFT PLANNING DEV LLC SEE PART IV Consultant false 6000 -6000 45000 -45000 LIU GALA 442177 360927 81250 83330 26390 TILLES GALA 549536 244906 304630 70630 77943 136000 52830 7 807415 390133 417282 4431 205829 36660 94400 79282 1799128 995966 803162 4431 359789 114603 230400 158502 867725 -64563 FUNDRAISER ADDRESS Form 990, Schedule G, Part I, Line 2B Harvest FRC, Inc. 82 Colonial Drive Newtown, PA 18940 GIFT PLANNING DEVELOPMENT, LLC 100 Chestnut Place New Hartford, NY 13413 GROSS RECEIPTS FORM 990, SCHEDULE G, PART I, LINE 2B, COLUMN (IV) GROSS RECEIPTS ARE EARNED FROM THE EFFORTS OF PROFESSIONAL FUNDRAISERS; HOWEVER, RECEIPTS ARE NOT ACCOUNTED FOR ON A FUNDRAISER BY FUNDRAISER BASIS. true SCHOLARSHIPS 8763 93423783 BOOK Tuition Credit GRANT MONITORING FORM 990, SCHEDULE I, PART I, LINE 2 LONG ISLAND UNIVERSITY OFFERS A NUMBER OF INSTITUTIONAL GRANTS AND SCHOLARSHIPS TO QUALIFYING STUDENTS ENROLLED IN BOTH DEGREE AND NON-DEGREE PROGRAMS. EACH GRANT OR OTHER FORM OF ASSISTANCE HAS SPECIFIC AWARDING CRITERIA AND INDIVIDUAL RULES FOR SELECTION BASED ON MERIT, NEED, AND/OR PERFORMANCE. THESE REQUIREMENTS ARE PUBLISHED EACH YEAR AND ARE ADMINISTERED BY THE CAMPUS FINANCIAL AID OFFICES WHICH ARE ALSO RESPONSIBLE FOR AWARDING AND POSTING TRANSACTIONS TO INDIVIDUAL STUDENT ACCOUNTS. THE DISBURSAL OF FUNDS IS SEGREGATED AND PERFORMED BY THE CENTRAL FINANCIAL AID OFFICE OF THE UNIVERSITY. 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 false true false false false false false true false Dr KIMBERLY R CLINE PRESIDENT 761066 0 0 0 24578 0 179150 0 132136 0 1096930 0 0 0 GALE STEVENS HAYNES COO & UNIVERSITY COUNSEL 365029 0 0 0 10028 0 29150 0 15631 0 419838 0 0 0 JEFFREY KANE VP ACADEMIC AFFAIRS 363554 0 0 0 7809 0 29150 0 33790 0 434303 0 0 0 CHRISTOPHER FEVOLA VP AND CHIEF FINANCIAL OFFICER 344348 0 0 0 6000 0 29150 0 37709 0 417207 0 0 0 BASHAR BAROUDI VP INFORMATION TECH 296762 0 0 0 6000 0 29150 0 34141 0 366053 0 0 0 JACQUELYN NEALON VP ENROLLMENT & CAMPUS LIFE 250788 0 0 0 6000 0 28600 0 109711 0 395099 0 0 0 DAVID J STEINBERG PRESIDENT (THRU 06/2013) 509613 0 0 0 0 0 0 0 0 0 509613 0 0 0 HAROLD KIRSCHENBAUM ASSOC. DEAN/PROFESSOR 108831 0 0 0 446919 0 11586 0 27024 0 594360 0 0 0 ROBERT BELLANTONE Professor - Pharmacy 129313 0 0 0 321685 0 12111 0 3037 0 466146 0 0 0 MARSHALL HAGINS Professor - Health Sciences 73794 0 0 0 313295 0 7844 0 37447 0 432380 0 0 0 ROBERT GLASS Professor - Philosophy 20464 0 0 0 354588 0 2256 0 12814 0 390122 0 0 0 MARY WESTERMAN Professor - Library Sciences 19337 0 0 0 358967 0 2278 0 39150 0 419732 0 0 0 MICHAEL GLICKMAN VP FOR UNIV. ADVANCEMENT 249916 0 37000 0 2000 0 0 0 33404 0 322320 0 0 0 JOSEPH L SCHAEFER CHIEF OF ADMIN & STUDENT AFF 103635 0 25000 0 3403 0 8264 0 18750 0 159052 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 $18,750 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 COMPENSATION AMOUNTS REPORTED ON SCHEDULE J, PART II, COLUMN B (III), INCLUDE NON-QUALIFIED RETIREMENT DEFERRED COMPENSATION FOR HAROLD KIRSCHENBAUM IN THE AMOUNT OF $446,919, ROBERT BELLANTORE IN THE AMOUNT OF $321,685, MARSHALL HAGINS IN THE AMOUNT OF $313,295, MARY WESTERMAN IN THE AMOUNT OF $358,967, AND ROBERT GLASS IN THE AMOUNT OF $354,588. FORM 990, SCHEDULE J, PART 1, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN In Calendar Year 2015, Dr. Kimberly Cline participated in an IRC Sec. 457(f) non-qualified deferred compensation plan and received a non-vested deferred benefit of $150,000. Such deferred amount was not paid or vested in Calendar Year 2015, but is required to be disclosed under IRS regulations. FORM 990, SCHEDULE J, PART 1, LINE 7 NON-FIXED PAYMENT MICHAEL GLICKMAN RECEIVED DISCRETIONARY BONUS COMPENSATION IN CALENDAR YEAR 2015. A DASNY - LIU REV BONDS SERIES 2012 146000293 6499062J2 2012-10-17 62736138 Refund the 1999, 2003A, and 2003B true false false B DASNY - LIU REV BONDS SUBSERIES 2006A-1 146000293 2015-09-23 28190000 Reissuance of 2006A-1 Bonds false false false C DASNY - LIU REV BONDS SUBSERIES 2006A-2 146000293 2016-08-24 32535000 Reissuance of 2006A-2 Bonds false false false A 9185000 2395000 62736138 5073809 0 0 1241461 0 0 0 56436596 0 true true true true B 615000 0 28190000 0 0 0 0 0 0 0 28190000 0 true false true true C 0 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 false false true B false true true true false 0.00100 0.00100 false false true C false true true true false 0.00100 0.00100 false false true A false true true false 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 ROW A: PART I, (F): THE BONDS ADVANCED REFUNDED THE ISSUERS SERIES 1999 BONDS (ISSUED ON JUNE 10, 1999), CURRENTLY REFUNDED THE ISSUERS 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 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 CURRENT REFUNDING PORTION OF THE BONDS HAS MET THE 6-MONTH EXPENDITURE EXCEPTION TO REBATE. ROW B: PART I, (F): BONDS REISSUED THE ISSUERS 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 IV, LINES 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. ROW C: PART I (F): BONDS REISSUED THE ISSUERS 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 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 IV, LINES 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 OFFICER'S DAUGHTER 133941 EMPLOYEE OF UNIVERSITY false BRAD COHEN OFFICER'S SON-IN-LAW 231858 EMPLOYEE OF UNIVERSITY false MICHAEL FEVOLA OFFICER'S BROTHER 62423 EMPLOYEE OF UNIVERSITY false BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS FORM 990, SCHEDULE L, PART IV GALE STEVENS HAYNES GALE STEVENS HAYNES IS AN OFFICER OF THE UNIVERSITY AND HAS TWO FAMILY MEMBERS WHO ARE EMPLOYEES OF THE UNIVERSITY: *PIA STEVENS HAYNES - DAUGHTER *BRAD COHEN - SON-IN-LAW. CHRISTOPHER FEVOLA CHRISTOPHER FEVOLA IS AN OFFICER OF THE UNIVERSITY AND HIS BROTHER, MICHAEL FEVOLA, IS AN EMPLOYEE OF THE UNIVERSITY. X 20 913212 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 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 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, LINES 15A and 15B COMPENSATION FOR THE UNIVERSITY PRESIDENT AND OTHER UNIVERSITY OFFICERS IS ESTABLISHED BY A PROCESS THAT INCLUDES THE USE OF 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 MOST RECENT REVIEW TOOK PLACE IN OCTOBER 2015. 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 CHANGE IN FMV OF INTEREST RATE SWAP AGREEMENTS ......$(6,159,353) OTHER NONOPERATING CHANGE IN NET ASSETS..............$(2,553,640) POST-RETIREMENT CHANGES .............................$(1,798,096) LOSS ON DEFEASANCE AND REFUNDING OF DEBT.............$ (558,021) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS ........$ (108,813) PROVISION FOR UNCOLLECTIBLE contributions RECEIVABLE.$ (95,000) -------------- $(11,272,923) LIU TENNIS INC 700 NORTHERN BLVD BROOKVILLE NY 11548 813221354 HOLDING CORP NY LIU C CORP 1.00000 true false false false false false false false false false false false false false false false false false false false