2026-03-19T11:13:42-05:00 2025-08-31 333709623 COHNREZNICK ADVISORY LLC 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 990 2024-09-01 111630741 ADELPHI UNIVERSITY ADEL 5168773184 1 SOUTH AVENUE LEVERMORE HALL 201 GARDEN CITY NY 11530 MICHAEL RHATTIGAN VICE PRESIDENT OF FINANCE 2125429609 2026-02-20 1 1 LAURA KIELCZEWSKI P00740769 2122970400 2026-03-13 2024 2025-03-06 01:10:19Z DR CHRISTOPHER STORM 1 SOUTH AVENUE GARDEN CITY NY 115300701 407020630 0 X WWW.ADELPHI.EDU X 1896 NY ADELPHI UNIVERSITY IS DEDICATED TO TRANSFORMING STUDENTS' LIVES THROUGH SMALL CLASSES, HANDS-ON LEARNING AND INNOVATIVE PROGRAMS SUPPORTING ACADEMIC AND CAREER SUCCESS. 25 23 4789 65 132767 19968 12260278 16083739 321075581 339250392 10630761 13160100 377339 226354 344343959 368720585 119450647 135672738 0 0 160710096 162244345 0 0 3098688 69259096 68456314 349419839 366373397 -5075880 2347188 567269629 572242880 183266557 172687905 384003072 399554975 X SEE SCHEDULE O 0 0 327774323 135672738 321209720 INSTRUCTION AND RELATED ACADEMIC SUPPORT, STUDENT SERVICES AND PUBLIC SUPPORT BENEFITING THE COMMUNITY - THE UNIVERSITY PROVIDES A PERSONALIZED EDUCATION FOR ALL ITS UNDERGRADUATE AND GRADUATE STUDENTS. THE AVERAGE ANNUALIZED ENROLLMENTS FOR FISCAL 2024-2025 WAS 6,680 FULLTIME STUDENTS, COMPRISED OF 5,027 UNDERGRADUATE AND 1,653 GRADUATE/ POST BACCALAUREATE FULL-TIME EQUIVALENT STUDENTS. STUDENTS COME FROM DIVERSE BACKGROUNDS AND ARE NOT ONLY FROM THE NEW YORK AREA, BUT FROM ACROSS THE COUNTRY AND AROUND THE WORLD. ADELPHI'S COLLEGES AND SCHOOLS INCLUDE THE COLLEGE OF ARTS AND SCIENCES, THE GORDON F DERNER SCHOOL OF PSYCHOLOGY, THE HONORS COLLEGE, AND THE COLLEGE OF EDUCATION AND HEALTH SCIENCES, THE ROBERT B WILLUMSTAD SCHOOL OF BUSINESS, THE COLLEGE OF NURSING AND PUBLIC HEALTH, THE SCHOOL OF SOCIAL WORK, AND THE COLLEGE OF PROFESSIONAL AND CONTINUING STUDIES. STUDENTS HAVE ACCESSIBILITY TO STUDENT COUNSELING, CAREER COUNSELING, FINANCIAL AID, AND MENTORING AND OTHER SERVICES AND PROGRAMS OFFERED BY THE UNIVERSITY. ADELPHI HAS EXTENSIVE COMMUNITY HEALTH AND HUMAN SERVICES OUTREACH PROGRAMS, INCLUDING THE HY WEINBERG CENTER FOR COMMUNICATION DISORDERS, THE CENTER FOR PSYCHOLOGICAL SERVICES, AND THE ADELPHI NEW YORK STATEWIDE BREAST CANCER HOTLINE AND SUPPORT PROGRAM, AMONG OTHER COMMUNITY SERVICE PROGRAMS. THESE PROGRAMS ARE OFFERED TO STUDENTS, FACULTY AND STAFF AS WELL AS TO MEMBERS OF THE SURROUNDING COMMUNITY. 18040672 RESIDENTIAL HOUSING AND AUXILIARY ENTERPRISES - THE UNIVERSITY OFFERS STUDENT HOUSING IN SEVEN RESIDENCE HALLS ON ITS MAIN CAMPUS IN GARDEN CITY, NEW YORK. THERE ARE NUMEROUS SPECIAL LIVING OPTIONS WITHIN THESE HALLS, INCLUDING THOSE FOR STUDENTS WHO IDENTIFY AS TRANSGENDER OR WHO DON'T WISH TO BE IDENTIFIED BY GENDER; FIRST-YEAR STUDENTS SELECTED FOR LIVING-LEARNING COMMUNITIES; AND STUDENTS IN THE HONORS COLLEGE. ACCESSIBLE HOUSING IS AVAILABLE FOR STUDENTS WITH DISABILITIES. IN FALL 2024 APPROXIMATELY 1,125 STUDENTS LIVED IN UNIVERSITY RESIDENCE HALLS. 327774323 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 632 0 1 4789 1 1 1 0 0 0 0 1 1 0 0 0 0 1 0 X 25 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC CA CT HI NY PA VA AZ DE ID IN IA MT NE SD TX VT WY X MICHAEL RHATTIGAN 5168773184 1 SOUTH AVENUE GARDEN CITY NY 115300701 DR CHRISTINE RIORDAN PRESIDENT 65.00 X X 1180417 0 201032 ALEXANDRIA CISCO TRUSTEE 3.00 X 0 0 0 CAREY GREG TRUSTEE 3.00 X 0 0 0 CARMEN ORTIZ TRUSTEE 3.00 X 0 0 0 CHARLES FUSCHILLO TRUSTEE 3.00 X 0 0 0 DOTTIE HERMAN TRUSTEE 3.00 X 0 0 0 FLYNN DOUG TRUSTEE 3.00 X 0 0 0 HUMERA QAZI VICE CHAIR 3.00 X X 0 0 0 JOSE SINGER TRUSTEE 3.00 X 0 0 0 JUNE COLLISON TRUSTEE 3.00 X 0 0 0 KEVIN GOODMAN TRUSTEE 3.00 X 0 0 0 KEVIN MAHONY TRUSTEE 3.00 X 0 0 0 NICK IADEVAIO TRUSTEE 3.00 X 0 0 0 LEONARD ACHAN SECRETARY 3.00 X X 0 0 0 LORETTA CANGIALOSI TRUSTEE 3.00 X 0 0 0 MARC S STRACHAN TRUSTEE 6.00 X 0 0 0 MARK DAVIS TRUSTEE 3.00 X 0 0 0 MICHAEL BALBONI CHAIR 3.00 X X 0 0 0 MICHAEL SAMMIS TRUSTEE 5.00 X 0 0 0 MAHNOOR MISBAH TRUSTEE 4.00 X 0 0 0 JOE MOSCOLA TRUSTEE 3.00 X 0 0 0 KIMBERLY SLUIS TRUSTEE 3.00 X 0 0 0 STEVE JONES TRUSTEE 3.00 X 0 0 0 SUHIT GUPTA TRUSTEE 3.00 X 0 0 0 WILLIAM FUESSLER VICE CHAIR 3.00 X X 0 0 0 CHRISTOPHER STORM PROVOST/EXECUTIVE VP/INTERIM PRES 50.00 X 455584 0 52805 RONALD S BAKARI VP-STUDENT AFFAIRS 50.00 X 357171 0 76544 MICHAEL RHATTIGAN VICE PRESIDENT OF FINANCE 50.00 X 364920 0 83834 KRISTEN CAPEZZA VP-ENROLLMENT MANAGEMENT 50.00 X 268995 0 88090 CAROL ANN BOYLE VP-INFRASTRUCTURE, TECH & SAFETY 50.00 X 323309 0 47900 THOMAS KLINE VP-ADVANCEMENT & EXTERNAL RELATIONS 50.00 X 378727 0 97042 JOHN SIDERAKIS CHIEF ADMINISTRATIVE OFFICER 50.00 X 289583 0 80147 DEBORAH HUNT DEAN, COLLEGE OF NURSING 50.00 X 301410 0 26106 HYUN AH GRAFER AVP-ADVANCEMENT & EXTERNAL RELATIONS 50.00 X 235744 0 28679 MARYANNE HYLAND DEAN, SCHOOL OF BUSINESS 50.00 X 292225 0 89982 XIAO LEI WANG DEAN, RUTHS AMMON COLLEGE OF EDUC. 50.00 X 261827 0 67993 VINCENT WANG DEAN, SCHOOL OF ARTS AND SCIENCES 50.00 X 259369 0 75858 JOHN C MURAN DEAN, SCHOOL OF PSYCHOLOGY 50.00 X 237986 0 70765 BENJAMIN WEEKS PROFESSOR OF MARKETING 50.00 X 226507 0 73433 JOANNE CORBIN DEAN, RUTHS AMMON COLLEGE OF EDUC. 50.00 X 269869 0 17801 5703643 0 1178011 359 0 1 0 ALL CAMPUS LLC 500 W MADISON ST SUITE 2900 CHICAGO IL 60661 ENROLLMENT SERVICES 2503089 CULLEN AND DYKMAN LLC ONE BATTERY PARK PLAZA 34TH FL NEW YORK NY 10004 LEGAL SERVICES 1048831 RISEPOINT LLC 700 N PEARL ST STE 600 DALLAS TX 75201 TECHNOLOGY SERVICES 880678 GOLDMAN SACHS 200 WEST STREET NEW YORK NY 10282 INVESTMENT MANAGEMENT 534597 UNIVERSITY HUB INC 14497 N DALE MABRY HWY TAMPA FL 33618 ADMISSIONS CONSULTANT 296476 20 196456 7289101 8598182 2121470 16083739 TUITION AND FEES 611600 319066127 319066127 STUDENT SUPPORT 721000 18040672 18040672 SALES & SERVICES- EDUCATION DEPT 611710 2143593 2143593 339250392 6183656 132767 6050889 39769 39769 351978 66390 285588 285588 285588 44948926 37972482 6976444 6976444 6976444 162170 196456 261173 -99003 -99003 368720585 339250392 132767 13253687 135672738 135672738 5615408 1687574 3151526 776308 119195585 104939884 13374000 881701 7548502 6818776 691461 38265 20929328 15904015 4569904 455409 8955522 7691715 1153468 110339 1324535 1324535 408385 408385 96400 96400 896787 896787 5553161 4183747 1290961 78453 2815863 520369 2295494 8971238 7987577 799799 183862 3140200 2215252 686673 238275 11273610 10649049 503924 120637 1948232 1764244 142808 41180 1375991 1134468 190189 51334 4636663 4240929 395734 7164114 6755138 388539 20437 1855262 1736563 18515 100184 ASSISTANTSHIPS/REMISSIO 8026453 7942433 82973 1047 PROVISION-DOUBTFUL ACCO 2950517 2950517 COLLECTION COSTS 87794 87794 CREDIT CARD FEES 55905 54923 982 5875204 5874929 275 366373397 327774323 35500386 3098688 1750 2328 9899396 11114931 5349423 8674738 5673017 5342521 4293642 3998715 13681728 9868352 461111056 205739424 260527017 255371632 218648539 225140610 35920021 41100575 9481274 7236975 3793822 4391503 567269629 572242880 17092071 15130312 4502776 3873755 42914709 44246853 98751263 93408280 20005738 16028705 183266557 172687905 X 293999438 301333154 90003634 98221821 384003072 399554975 567269629 572242880 X 2347188 13416635 -211920 X 0 1 X 1 1 1 X 27891795 30024527 12199125 12260278 16083739 98459464 27891795 30024527 12199125 12260278 16083739 98459464 98459464 3247091 3291063 5344631 7401169 6442636 25726590 79791 74462 6221 19968 180442 2000 2000 124368496 1537884218 0.79170 0.79080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 96400 0 0 96400 0 PART II-B, LINE 1: DURING FISCAL YEAR 2024-2025, ADELPHI UNIVERSITY ENGAGED THE FIRM SHENKER RUSSO AND CARK, LLP. THE FIRM PROVIDES COUNSELING TO THE UNIVERSITY AND SERVES AS LIAISON TO APPROPRIATE GOVERNMENT AGENCIES AS NECESSARY, REPORTING ON GOVERNMENT PROGRAMS, BUDGET, REGULATORY, AND LEGISLATIVE ISSUES RELEVANT TO THE UNIVERSITY. DURING FISCAL YEAR 2024-2025, THE UNIVERSITY PAID $96,400 TO THE FIRM, SHENKER, RUSSO AND CLARK, LLP. X 0 255623639 4629492 25414512 3180000 13794093 268693550 223962671 2507714 37870833 2930000 5787579 255623639 212345742 1875381 18882412 2760000 6380864 223962671 235144798 7217384 -21090440 2580000 6346000 212345742 202448000 1079813 39922985 2340000 5966000 235144798 0.66106 0.33893 0.00000 0 0 2158864 2158864 412437979 165508216 246929763 45917247 40231208 5686039 596966 596966 255371632 ALTERNATIVE INVESTMENTS AT NAV 41100575 F 41100575 OTHER NOTE AND SWAP LIABILITY 8063407 OPERATING LEASE LABILITY 7965298 16028705 X 245895258 13416635 327563 13744198 232151060 896787 135672738 136569525 368720585 230131435 327563 327563 229803872 896787 135672738 136569525 366373397 PART III, LINE 1A: THE UNIVERSITY MAINTAINS AN INVENTORY OF WORKS OF ART. THE WORKS OF ART ARE PRIMARILY COMPRISED OF PAINTINGS AND SCULPTURES AND ARE DISPLAYED THROUGHOUT THE CAMPUS. UNDER THE PROVISIONS OF SFAS 116, THE UNIVERSITY IS NOT REQUIRED TO AND DOES NOT REPORT THESE ITEMS IN ITS FINANCIAL STATEMENTS. PART X, LINE 2: THE UNIVERSITY FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE INCOME TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS "MORE LIKELY THAN NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE UNIVERSITY HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN ITS CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED AUGUST 31, 2025 AND 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 66,390. FUNDRAISING EXPENSES 261,173. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 135,672,738. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 66,390. FUNDRAISING EXPENSES 261,173. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 135,672,738. SCHEDULE D, PART V, LINE 4 THE UNIVERSITY'S ENDOWMENT IS AN AGGREGATION OF GIFTS PROVIDED BY DONORS WITH THE REQUIREMENT THEY BE HELD IN PERPETUITY TO GENERATE EARNINGS NOW AND IN FUTURE YEARS TO SUPPORT THE UNIVERSITY'S PROGRAMS OF INSTRUCTION, RESEARCH AND PUBLIC SERVICE, AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENT. EARNINGS FROM ENDOWMENT INVESTMENTS SUPPORT SCHOLARSHIPS, CHAIRS, PROFESSORSHIPS, FELLOWSHIPS, BASIC RESEARCH AS WELL AS ACADEMIC AND PUBLIC SERVICE PROGRAMS. SCHEDULE D, PART V, LINE 1D THE UNIVERSITY HAS ADOPTED A SPENDING POLICY FOR DONOR-RESTRICTED ENDOWMENT FUNDS. GRANTS AND SCHOLARSHIPS REPORTED ON SCHEDULE D, PART V, LINE 1D IN THE AMOUNT OF $3,180,000 REPRESENT AMOUNTS AWARDED TO STUDENTS IN ACCORDANCE WITH DONOR STIPULATIONS AND THE UNIVERSITY'S ENDOWMENT SPENDING POLICY. IN FISCAL YEAR 2024-2025, THE UNIVERSITY AWARDED STUDENTS INSTITUTIONAL FINANCIAL AND TOTALING $135,672,738. INSTITUTIONAL AID OF APPROXIMATELY $132.3 MILLION WAS FUNDED BY THE UNIVERSITY'S ANNUAL OPERATING BUDGET. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SEE SUPPLEMENTAL PAGE SCHEDULE E, PART 1, LINE 3 THIS POLICY IS PUBLICIZED IN PRINTED MEDIA WITH NEWSPAPER ADVERTISEMENTS AS WELL AS IN THE COURSE REGISTRATION GUIDES. SCHEDULE E, PART 1, LINE 6A THE UNIVERSITY RECEIVES FUNDS FROM VARIOUS FEDERAL, STATE AND LOCAL GOVERNMENT AGENCIES FOR STUDENT FINANCIAL ASSISTANCE, HEALTH AND HUMAN SERVICES AND RESEARCH AND DEVELOPMENT GRANTS. EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 INVESTMENTS 12870210 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 27296119 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 INVESTMENTS 14789 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 INVESTMENTS 3102741 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 INVESTMENTS 110180 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES STUDENT STUDIES ABROAD 15056 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES STUDENT STUDIES ABROAD 87841 SOUTH AMERICA 0 0 INVESTMENTS 454680 0 0 0 0 0 0 43951616 0 43951616 1 0 1 0 1 0 X X X X X X X 0 SC CA CT HI NY PA VA AZ DE ID IN IA MT NE SD TX VT WY GOLF CLASSIC 81205 45765 35440 45915 16377 PRESIDENT'S GALA 198830 77650 121180 101358 22000 25418 1 78591 73041 5550 35575 14530 358626 196456 162170 182848 22000 56325 261173 -99003 1 SCHOLARSHIPS TO STUDENTS 5675 135672738 FMV FINANCIAL AID SCHEDULE I, PART I, LINE 2: THE UNIVERSITY AWARDS BOTH INSTITUTIONALLY-FUNDED FINANCIAL AID TO STUDENTS AS WELL AS FINANCIAL AID FUNDED FROM PRIVATE GIFTS AND VARIOUS FEDERAL, STATE AND LOCAL GOVERNMENT AGENCIES. SCHOLARSHIPS ARE AWARDED ON AN EQUAL, OBJECTIVE AND NONDISCRIMINATORY BASIS USING ACADEMIC ACHIEVEMENT, FINANCIAL NEED, AND OTHER SIMILAR STANDARDS. THE UNIVERSITY MAINTAINS SEPARATE ACCOUNTING FOR ALL GRANTS AND STRICTLY MONITORS THAT ANY DISBURSEMENTS ARE MADE ONLY FOR THE INTENDED PURPOSE OF THE GRANT AND IN ACCORDANCE WITH THE GRANT REQUIREMENTS. AN AUDIT OF THE UNIVERSITY'S FEDERALLY FUNDED PROGRAMS IS CONDUCTED ANNUALLY BY THE UNIVERSITY'S EXTERNAL AUDITORS, AS REQUIRED BY TITLE 2 U.S. CODE OF FEDERAL REGULATIONS PART 200, UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS AND GOVERNMENT AUDITING STANDARDS AND RELATED INFORMATION. X X X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 DR CHRISTINE RIORDAN PRESIDENT 900089 0 275000 0 5328 0 135367 0 65665 0 1381449 0 0 0 CHRISTOPHER STORM PROVOST/EXECUTIVE VP/INTERIM PRES 403086 0 35000 0 17498 0 42775 0 10030 0 508389 0 0 0 THOMAS KLINE VP-ADVANCEMENT & EXTERNAL RELATIONS 324971 0 35000 0 18756 0 42514 0 54528 0 475769 0 0 0 MICHAEL RHATTIGAN VICE PRESIDENT OF FINANCE 339920 0 25000 0 0 0 27356 0 56478 0 448754 0 0 0 RONALD S BAKARI VP-STUDENT AFFAIRS 330921 0 10000 0 16250 0 39175 0 37369 0 433715 0 0 0 MARYANNE HYLAND DEAN, SCHOOL OF BUSINESS 291225 0 1000 0 0 0 35295 0 54687 0 382207 0 0 0 CAROL ANN BOYLE VP-INFRASTRUCTURE, TECH & SAFETY 313309 0 10000 0 0 0 46169 0 1731 0 371209 0 0 0 JOHN SIDERAKIS CHIEF ADMINISTRATIVE OFFICER 279583 0 10000 0 0 0 24819 0 55328 0 369730 0 0 0 KRISTEN CAPEZZA VP-ENROLLMENT MANAGEMENT 243995 0 25000 0 0 0 33505 0 54585 0 357085 0 0 0 VINCENT WANG DEAN, SCHOOL OF ARTS AND SCIENCES 258369 0 1000 0 0 0 25722 0 50136 0 335227 0 0 0 XIAO LEI WANG DEAN, RUTHS AMMON COLLEGE OF EDUC. 261827 0 0 0 0 0 31152 0 36841 0 329820 0 0 0 DEBORAH HUNT DEAN, COLLEGE OF NURSING 300410 0 1000 0 0 0 25535 0 571 0 327516 0 0 0 JOHN C MURAN DEAN, SCHOOL OF PSYCHOLOGY 236986 0 1000 0 0 0 28985 0 41780 0 308751 0 0 0 BENJAMIN WEEKS PROFESSOR OF MARKETING 226507 0 0 0 0 0 19275 0 54158 0 299940 0 0 0 JOANNE CORBIN DEAN, RUTHS AMMON COLLEGE OF EDUC. 268869 0 1000 0 0 0 0 0 17801 0 287670 0 0 0 HYUN AH GRAFER AVP-ADVANCEMENT & EXTERNAL RELATIONS 235744 0 0 0 0 0 27226 0 1453 0 264423 0 0 0 PART I, LINE 1A AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE UNIVERSITY, THE PRESIDENT IS REQUIRED TO LIVE IN A UNIVERSITY RESIDENCE. IN ADDITION, HOUSEKEEPING SERVICES ARE REQUIRED FOR THE RESIDENCE. ANY PERSONAL USAGE IS TREATED AS TAXABLE INCOME. AMOUNTS ARE INCLUDED ON THE 990, PART VII AND SCHEDULE J, PART II. THE PRESIDENT IS REQUIRED TO TRAVEL TO ATTEND MEETINGS AND EVENTS RELEVANT TO THE UNIVERSITY'S MISSION. THE UNIVERSITY PAYS RELATED EXPENSES FOR THE TRAVEL AND ATTENDANCE OF THE PRESIDENT'S SPOUSE FOR THOSE EVENTS REQUIRING THE SPOUSE'S PRESENCE AS A BUSINESS PURPOSE. AS THE PRESIDENT'S CONTRACT PROVIDES: FIRST CLASS AIR TRAVEL MAY BE PROVIDED BY THE UNIVERSITY FOR ONLY THOSE FLIGHTS IN EXCESS OF THREE HOURS. PART I, LINE 4B THE PRESIDENT PARTICIPATED IN A NONQUALIFIED DEFERRED COMPENSATION PLAN WHICH WAS EFFECTIVE AS OF JULY 1, 2015. $79,509 IS INCLUDED UNDER THIS PLAN FOR THE CURRENT YEAR AS DEFERRED COMPENSATION IN SCH J, PART II, COLUMN (C). IN ADDITION, CERTAIN INDIVIDUALS PARTICIPATED IN NONQUALIFIED DEFERRED COMPENSATION PLANS WITH EFFECTIVE DATES AS NOTED BELOW. THE AMOUNTS INDICATED BELOW ARE INCLUDED FOR THE CURRENT YEAR AS DEFERRED COMPENSATION IN SCH J, PART II, COLUMN (C): CHRISTOPHER STORM (EFFECTIVE 07/01/2021): $10,000 RONALD S. BAKARI (EFFECTIVE 12/01/2020): $10,000 MICHAEL RHATTIGAN (EFFECTIVE 09/01/2024): $10,000 KRISTEN CAPEZZA (EFFECTIVE 09/01/2017): $10,000 CAROL ANN BOYLE (EFFECTIVE 09/01/2024): $10,000 THOMAS KLINE (EFFECTIVE 09/01/2024): $10,000 PART I, LINE 7 BONUSES WERE PAID IN 2024 TO CERTAIN INDIVIDUALS WHO MET PERFORMANCE GOALS AND METRICS DURING THE YEAR AND THE AMOUNTS HAVE BEEN INCLUDED IN PART II COLUMN B (II) AS TAXABLE INCOME. A TOWN OF HEMPSTEAD LOCAL DEVELOPMENT CORPORATION 112798949 424682EY4 2013-11-14 46003624 CONSTRUCT NEXUS & WELCOME CTR 0 0 0 B TOWN OF HEMPSTEAD LOCAL DEVELOPMENT CORPORATION 112798949 434682FT4 2014-09-30 36419001 ADV. REFUNDING - 2005 SERIES BONDS 0 0 0 C TOWN OF HEMPSTEAD LOCAL DEVELOPMENT CORPORATION 112798949 424682KL5 2019-05-09 28288702 REFUND 2009 SERIES/RENOVATION 0 0 0 D TOWN OF HEMPSTEAD LOCAL DEVELOPMENT CORPORATION 112798949 424682CF7 2021-03-31 16437989 REFUND 2011 SERIES 0 0 0 A 8490314 46093784 545152 45548632 2013 0 1 1 1 B 12194219 36419001 635842 35783159 2014 0 0 1 1 C 6386172 28303702 462597 7015000 20826105 2019 1 1 1 1 D 5364133 16437989 328760 16109229 2021 1 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00040 0.00000 0.00040 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 0 0.00110 0.00000 0.00110 0 0 1 A 0 0 0 0 1 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: TOWN OF HEMPSTEAD LOCAL DEVELOPMENT CORPORATION DATE THE REBATE COMPUTATION WAS PERFORMED: 05/09/2024 ISSUER NAME: TOWN OF HEMPSTEAD LOCAL DEVELOPMENT CORPORATION DATE THE REBATE COMPUTATION WAS PERFORMED: 03/31/2024 SCHEDULE K, PART II, LINE 3, COLUMNS B AND D TOTAL PROCEEDS OF THE BOND ISSUE FOR THE BONDS LISTED IN PART II, LINE 3, COLUMNS B AND D DIFFER FROM THE ISSUE PRICES LISTED IN PART I, LINES B AND D AS A RESULT OF INVESTMENT EARNINGS ON THE BOND PROCEEDS. SCHEDULE K, PART IV, LINE 2C ARBITRAGE - REBATE COMPUTATION FOR EACH OUTSTANDING BOND ISSUE. THE UNIVERSITY'S OUTSIDE CONSULTING FIRM HAS DETERMINED THAT THERE WERE NO ARBITRAGE REBATE LIABILITIES FOR EACH OUTSTANDING BOND ISSUE. THE DATES THAT THE REBATE COMPUTATIONS WERE PERFORMED FOR EACH BOND ISSUE ARE AS FOLLOWS: TOWN OF HEMPSTEAD LDC, SERIES 2013 - FEBRUARY 6, 2018; TOWN OF HEMSPTEAD LDC, SERIES 2014 - OCTOBER 28, 2015; TOWN OF HEMPSTEAD LDC, SERIES 2019 - MARCH 31ST, 2025; TOWN OF HEMPSTEAD LDC, SERIES 2021 - MARCH 31ST, 2025. SCHEDULE K, PART III, LINE 9 AND PART V THE UNIVERSITY COMPLIES WITH THE REGULATIONS OF INTERNAL REVENUE CODE SECTIONS 1.141-12, 1.145-2 AND 148 AS WELL AS THE REQUIREMENTS WHICH ARE DOCUMENTED IN THE TAX COMPLIANCE AGREEMENT OF THE BOND DOCUMENTS FOR EACH BOND ISSUE. ON AN ON-GOING BASIS, MANAGEMENT MONITORS ANY PRIVATE BUSINESS ACTIVITY WHICH MAY BE CONDUCTED IN FACILITIES THAT HAVE BEEN CONSTRUCTED USING TAX EXEMPT BOND FINANCING. IN ADDITION, AN OUTSIDE CONSULTING FIRM DETERMINES ANY ARBITRAGE REBATE AND YIELD REDUCTION LIABILITIES UNDER THE LAWS CONTAINED IN SECTION 148 OF THE INTERNAL REVENUE CODE FOR EACH OF THE UNIVERSITY'S TAX EXEMPT BOND ISSUES. X 154 2121470 FMV 0 1 0 PART I, COLUMN (B): SCHEDULE M, PART I, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 AND ALL SCHEDULES AND FORM 990-T ARE PREPARED ANNUALLY BY MANAGEMENT, REVIEWED BY AN EXTERNAL AUDITING FIRM, REVIEWED BY THE BOARD OF TRUSTEES AUDIT COMMITTEE AND PROVIDED TO THE FULL BOARD OF TRUSTEES PRIOR TO FILING THE FORMS WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE UNIVERSITY HAS A CONFLICT OF INTEREST POLICY. ALL TRUSTEES, OFFICERS AND EMPLOYEES OF THE UNIVERSITY MUST SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. THE CHAIRMAN OF THE UNIVERSITY'S AUDIT COMMITTEE AND THE CHAIRMAN OF THE TRUSTEE AFFAIRS COMMITTEE, REPORT TO THE UNIVERSITY'S GOVERNING BOARD ANNUALLY REGARDING POTENTIAL CONFLICTS OF INTEREST. ANY POTENTIAL TRANSACTIONS OR RELATIONSHIPS ARE REVIEWED AND DOCUMENTED ON THE 990 AND SCHEDULE L. FORM 990, PART VI, SECTION B, LINE 15 AN INDEPENDENT COMPENSATION CONSULTANT HAS BEEN HIRED BY THE UNIVERSITY TO REVIEW THE COMPENSATION OF THE UNIVERSITY'S OFFICERS. THE CONSULTING FIRM REVIEWS COMPENSATION OF THE UNIVERSITY'S OFFICERS IN COMPARISON TO THOSE OFFICES 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. IN ADDITION, THE COMPENSATION OF THE UNIVERSITY'S KEY EMPLOYEES IS REVIEWED ANNUALLY. COMPARISONS ARE MADE TO THE SALARIES REPORTED BY THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION AS WELL AS THE COMPENSATION REPORTED IN OTHER UNIVERSITY'S FORM 990. THE EXECUTIVE COMMITTEE OF THE UNIVERSITY'S BOARD OF TRUSTEES ACTS AS THE COMPENSATION COMMITTEE. RECOMMENDATIONS ON COMPENSATION ARE APPROVED BY THE FULL BOARD AND ARE CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES TO THOSE MEETINGS. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP OBLIGATION -211,920. BLACKCAT ADVERTISING AGENCY LLC C/O ADELPHI UNIVERSITY SOUTH GARDEN CITY NY 11530 412109172 ADVERTISING NY 0 100 ADELPHI UNIVERSITY