2024-03-18T08:28:58-05:00 2023-08-31 221478099 COHNREZNICK LLP 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 990 2022-09-01 111630741 ADELPHI UNIVERSITY ADEL 5168773184 1 SOUTH AVENUE LEVERMORE HALL 201 GARDEN CITY NY 11530 MICHAEL RHATTIGAN CFO 2125429609 2024-03-15 1 MICHAEL RHATTIGAN 999009999 1 LAURA KIELCZEWSKI P00740769 2122970400 2024-03-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHRISTINE M RIORDAN 1 SOUTH AVENUE GARDEN CITY NY 115300701 357010819 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. 26 25 4304 61 6221 0 30024527 12199125 294371283 297464423 5205138 7651563 266352 323425 329867300 317638536 99697718 105011963 0 0 153393152 154193899 0 0 2818506 69317521 72385330 322408391 331591192 7458909 -13952656 560098244 552495763 198116429 192087901 361981815 360407862 X SEE SCHEDULE O 0 0 293369092 105011963 279470241 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 2022-2023 WAS 6,342 FULLTIME STUDENTS, COMPRISED OF 4,683 UNDERGRADUATE AND 1,660 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. 17994182 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 2022 APPROXIMATELY 1,104 STUDENTS LIVED IN UNIVERSITY RESIDENCE HALLS. 293369092 1 1 0 1 0 0 0 1 0 1 1 0 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 1 602 0 1 4304 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 26 25 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 898788 0 175214 CAREY GREG TRUSTEE 3.00 X 0 0 0 CARMEN ORTIZ TRUSTEE 3.00 X 0 0 0 CURTIS MINNIS TRUSTEE 3.00 X 0 0 0 DOTTIE HERMAN TRUSTEE 3.00 X 0 0 0 EMILY LADAU TRUSTEE 3.00 X 0 0 0 FLYNN DOUG TRUSTEE 3.00 X 0 0 0 HILDA PEREZ TRUSTEE 3.00 X 0 0 0 HUMERA QAZI TRUSTEE 3.00 X 0 0 0 JOSE SINGER 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 LADEVALO NICK TRUSTEE 3.00 X 0 0 0 LEONARD ACHAN TRUSTEE 3.00 X 0 0 0 LORETTA CANGIALOSI TRUSTEE 3.00 X 0 0 0 MARC S STRACHAN CHAIRMAN 6.00 X X 0 0 0 MICHAEL BALBONI TRUSTEE 3.00 X 0 0 0 MONIKA MOHACSI TRUSTEE 3.00 X 0 0 0 MOSCOLA JOE TRUSTEE 3.00 X 0 0 0 PAUL SALERNO TRUSTEE 3.00 X 0 0 0 SLUIS KIMBERLY 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 SUSAN MURPHY TRUSTEE 3.00 X 0 0 0 TOMISLAV KOSTADINOV TRUSTEE 3.00 X 0 0 0 WILLIAM FUESSLER TRUSTEE 3.00 X 0 0 0 JAMES PERRINO EXECUTIVE VP OF FINANCE AND OPERATIO 50.00 X 447968 0 80762 CHRISTOPHER STORM PROVOST AND EXECUTIVE VICE PRESIDENT 50.00 X 397138 0 48165 KRISTEN CAPEZZA VICE PRESIDENT FOR ENROLLMENT MANAGEMENT 50.00 X 340982 0 89634 THOMAS KLINE VP OF ADMINISTRATION AND EXTERNAL AFFAIRS 50.00 X 333310 0 43627 EUGENE PALMA VP UNIVERSITY WELLNESS, SAFETY AND ADM 50.00 X 255607 0 132454 RONALD S BAKARI VICE PRESIDENT FOR STUDENT AFFAIRS 50.00 X 269052 0 69820 JACQUELINE LAMON VP FOR DIVERSITY, EQUITY & INCLUSION 50.00 X 197085 0 36855 CAROL ANN BOYLE CHIEF INFORMATION OFFICER 50.00 X 275988 0 35091 HYUNAH GRAFER CHIEF OF STAFF AND ASSOCIATE VP 50.00 X 274980 0 32108 LISA FLEMING CFO 50.00 X 261036 0 43586 JACQUES BARBER DEAN, SCHOOL OF SOCIAL WORKS 50.00 X 240983 0 74244 VINCENT WANG DEAN, COLLEGE OF ARTS AND SCIENCES 50.00 X 248551 0 66258 XIAO LEI WANG DEAN, RUTHS AMMON COLLEGE OF EDUCATI 50.00 X 215981 0 70257 ANDREW ATZERT DEAN 50.00 X 199265 0 64371 ELIZABETH CIABOCCHI VICE PROVOST FOR ACADEMIS AFFAIRS 50.00 X 197886 0 63466 5054600 0 1125912 344 0 1 0 CHARTWELLS DINING SERVICES 2400 YORKMONT ROAD CHARLOTTE NC 28217 FOOD SERVICES 7314577 TRINITY REIT INC 75 VARICK STREET FLOOR 2 NEW YORK NY 10013 REAL ESTATE COMPANY 3178821 ARTHUR J GALLAGER PO BOX 5102 NEW YORK NY 10087 RISK MANAGEMENT SERVICES 2505576 ALL CAMPUS LLC 500 W MADISON ST SUITE 2900 CHICAGO IL 60661 ENROLLMENT SERVICES 2119208 EAB 2445 M ST NW WASHINTOG DC 20037 ENROLLMENT SERVICES 1820671 85 317981 6886738 4994406 212965 12199125 TUITION AND FEES 611600 277039410 277039410 STUDENT SUPPORT 721000 17994182 17994182 SALES & SERVICES- EDUCATIONAL DEP 611710 2430831 2430831 297464423 4906462 6221 4900241 47498 47498 396892 34349 362543 362543 362543 41861754 39116653 2745101 2745101 2745101 134665 317981 221281 -86616 -86616 317638536 297464423 6221 7968767 105011963 105011963 3606737 748246 2530583 327908 116059600 102193918 12781018 1084664 8490269 7303697 1086351 100221 17370920 12354470 4593480 422970 8666373 7498313 1067948 100112 1038338 1038338 257511 257511 88200 88200 895335 895335 5992810 3014056 2933322 45432 2849268 248989 2519929 80350 7868945 6747146 1043586 78213 2342847 2064748 68487 209612 16923430 16498626 369088 55716 1608253 1563501 9933 34819 1613639 1408135 126196 79308 5108865 4662939 445926 8065680 7611925 431067 22688 2153073 2036807 116266 ASSISTANTSHIPS/REMISSIO 8303608 8191214 112244 150 PROVISION-DOUBTFUL ACCO 2639420 2639420 CREDIT CARD FEES 235787 232852 2935 COLLECTION COSTS 132780 132780 4267541 4210399 57142 331591192 293369092 35403594 2818506 1750 756899 29005509 20874037 3947761 4133088 3678188 5249913 5156414 4851661 7456891 10814525 458539844 190481081 273821728 268058763 204552807 196949696 19311286 26992498 8121983 10332870 5043927 3481813 560098244 552495763 20460571 17297281 5098531 4790000 42083110 43657636 108817229 103884246 21656988 22458738 198116429 192087901 X 282476220 276182756 79505595 84225106 361981815 360407862 560098244 552495763 X -13952656 12204670 174033 X 0 1 X 1 1 1 X 11899513 19327398 27891795 30024527 12151199 101294432 11899513 19327398 27891795 30024527 12151199 101294432 2829375 98465057 6389535 4556685 3247091 3291063 5344631 22829005 94370 28579 79791 74462 6221 283423 15750 2000 17750 124424610 1464675054 0.79140 0.77980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 88200 0 0 88200 0 PART II-B, LINE 1: DURING FISCAL YEAR 2022-2023, 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 2022-2023, THE UNIVERSITY PAID $88,200 TO THE FIRM, SHENKER, RUSSO AND CLARK, LLP. X 0 212345742 1875381 18882412 2760000 6380864 223962671 235144798 7217384 -21090440 2580000 6346000 212345742 202448000 1079813 39922985 2340000 5966000 235144798 186036085 5599434 18792481 1405620 6574380 202448000 188578577 2336119 2983363 1306571 6555403 186036085 0.67806 0.32194 0.00000 0 0 2158864 2158864 410138943 153617257 256521686 41814218 34162311 7651907 4427819 2701513 1726306 268058763 OTHER NOTE AND SWAP LIABILITY 11300213 OPERATING LEASE LABILITY 11158525 22458738 X 223970257 12204670 34349 12239019 211731238 895335 105011963 105907298 317638536 225718243 34349 34349 225683894 895335 105011963 105907298 331591192 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: ADELPHI 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. ADELPHI 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, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 34,349. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 105,011,963. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 34,349. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 105,011,963. 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 $2,760,000 REPRESENT AMOUNTS AWARDED TO STUDENTS IN ACCORDANCE WITH DONOR STIPULATIONS AND THE UNIVERSITY'S ENDOWMENT SPENDING POLICY. IN FISCAL YEAR 2022-2023, THE UNIVERSITY AWARDED STUDENTS INSTITUTIONAL FINANCIAL AND TOTALING $105,011,963. INSTITUTIONAL AID OF APPROXIMATELY $102.3 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. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM PROGRAM SERVICES STUDENT STUDIES ABROAD 119369 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, INVESTMENTS 11331511 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM INVESTMENTS 24744381 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, INVESTMENTS 449367 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES INVESTMENTS 2894018 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, INVESTMENTS 796953 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, INVESTMENTS 67313 0 0 0 0 0 0 40402912 0 40402912 1 0 0 1 1 0 PART III ACCOUNTING METHOD: SCHEDULE F, PART 1, LINE 3 EXPENDITURES LISTED ON SCHEDULE F, PART 1, LINE 3 FOR STUDENT STUDY ABROAD ARE PAYMENTS TO FOREIGN ORGANIZATIONS THAT HOST THE STUDY ABROAD PROGRAM FOR STUDENTS THAT ARE ENROLLED AT ADELPHI WHO ARE PARTICIPATING IN THE PROGRAM. X X X X X X X 1 SC CA CT HI NY PA VA AZ DE ID IN IA MT NE SD TX VT WY PRESIDENT GALA 263729 170729 93000 107499 34415 JANET FICKE GOLF OUTING 90463 89448 1015 29185 6390 1 98454 57804 40650 32037 11755 452646 317981 134665 168721 52560 221281 -86616 1 SCHOLARSHIPS TO STUDENTS 5247 105011963 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 1 1 0 0 0 0 0 1 0 DR CHRISTINE RIORDAN PRESIDENT 736116 0 125000 0 37672 0 111118 0 64096 0 1074002 0 0 0 JAMES PERRINO EXECUTIVE VP OF FINANCE AND OPERATIO 430470 0 0 0 17498 0 35925 0 44837 0 528730 0 0 0 CHRISTOPHER STORM PROVOST AND EXECUTIVE VICE PRESIDENT 369640 0 10000 0 17498 0 38975 0 9190 0 445303 0 0 0 KRISTEN CAPEZZA VICE PRESIDENT FOR ENROLLMENT MANAGE 275982 0 5000 0 60000 0 38244 0 51390 0 430616 0 60000 0 EUGENE PALMA VP UNIVERSITY WELLNESS, SAFETY AND A 113638 0 10000 0 131969 0 39860 0 92594 0 388061 0 0 0 THOMAS KLINE VP OF ADMINISTRATION AND EXTERNAL AF 323310 0 10000 0 0 0 28975 0 14652 0 376937 0 0 0 RONALD S BAKARI VICE PRESIDENT FOR STUDENT AFFAIRS 247802 0 5000 0 16250 0 29474 0 40346 0 338872 0 0 0 JACQUES BARBER DEAN, SCHOOL OF SOCIAL WORKS 240983 0 0 0 0 0 29492 0 44752 0 315227 0 0 0 VINCENT WANG DEAN, COLLEGE OF ARTS AND SCIENCES 248551 0 0 0 0 0 23251 0 43007 0 314809 0 0 0 CAROL ANN BOYLE CHIEF INFORMATION OFFICER 275988 0 0 0 0 0 32030 0 3061 0 311079 0 0 0 HYUNAH GRAFER CHIEF OF STAFF AND ASSOCIATE VP 274980 0 0 0 0 0 31411 0 697 0 307088 0 0 0 LISA FLEMING CFO 261036 0 0 0 0 0 0 0 43586 0 304622 0 0 0 XIAO LEI WANG DEAN, RUTHS AMMON COLLEGE OF EDUCATI 215981 0 0 0 0 0 26453 0 43804 0 286238 0 0 0 ANDREW ATZERT DEAN 199265 0 0 0 0 0 18359 0 46012 0 263636 0 0 0 ELIZABETH CIABOCCHI VICE PROVOST FOR ACADEMIS AFFAIRS 197886 0 0 0 0 0 20134 0 43332 0 261352 0 0 0 JACQUELINE LAMON VP FOR DIVERSITY, EQUITY & INCLUSION 93649 0 500 0 102936 0 19240 0 17615 0 233940 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, LINES 4A-B SEVERANCE PAYMENTS WERE MADE TO EUGENE PALMA AND JACQUELINE LAMON IN THE AMOUNTS OF $131,969 AND $102,936 RESPECTIVELY. THE PRESIDENT PARTICIPATED IN A NONQUALIFIED DEFERRED COMPENSATION PLAN WHICH WAS EFFECTIVE AS OF JULY 1, 2015. $61,643 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): KRISTEN CAPEZZA (EFFECTIVE 9/1/17): $10,000 JAMES PERRINO (EFFECTIVE 9/1/18, REVISED 9/1/19): $10,000 HYUNAH GRAFER (EFFECTIVE 9/1/18): $10,000 CHRISTOPHER STORM (EFFECTIVE 7/1/21): $10,000 EUGENE PALMA (EFFECTIVE 3/15/21): $10,000 SENTWALI BAKARI (EFFECTIVE 12/1/20): $10,000 PART I, LINE 7 BONUSES WERE PAID IN 2022 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 424682CF7 2021-03-31 16437989 REFUND 2011 SERIES 0 0 0 B TOWN OF HEMPSTEAD LOCAL DEVELOPMENT CORPORATION 112798949 424682EY4 2013-11-14 46003624 CONSTRUCT NEXUS & WELCOME CTR 0 0 0 C TOWN OF HEMPSTEAD LOCAL DEVELOPMENT CORPORATION 112798949 434682FT4 2014-09-30 36419001 ADV. REFUNDING - 2005 SERIES BONDS 0 0 0 D TOWN OF HEMPSTEAD LOCAL DEVELOPMENT CORPORATION 112798949 424682KL5 2019-05-09 28288702 REFUND 2009 SERIES/ RENOVATION 0 0 0 A 2706509 16437989 328760 16109229 2021 1 1 1 1 B 6199576 46093784 545152 45548632 2013 0 1 1 1 C 8784553 36419001 635842 35783159 2014 0 0 1 1 D 4135802 28303702 462597 7015000 20826104 2019 0 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00040 0.00040 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 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 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 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. 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 2011 - JUNE 18, 2012; TOWN OF HEMPSTEAD LDC, SERIES 2013 - FEBRUARY 6, 2018; TOWN OF HEMSPTEAD LDC, SERIES 2014 - OCTOBER 28, 2015; AND TOWN OF HEMPSTEAD LDC, SERIES 2019 - MARCH 6, 2020. X 12 212965 FMV 0 0 0 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 174,033. BLACKCAT ADVERTISING AGENCY LLC C/O ADELPHI UNIVERSITY SOUTH GARDEN CITY NY 11530 412109172 ADVERTISING NY 0 0 ADELPHI UNIVERSITY