MOLLOY UNIVERSITY: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- MOLLOY UNIVERSITY (EIN 11-1797182)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-05-10
- IRS object ID
- 202401319349302185
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-05-10T10:17:44-05:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 366055558 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 757 THIRD AVENUE 3RD FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100172013 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 111797182 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MOLLOY UNIVERSITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MOLL | BusinessNameControlTxt |
| Phone | 5163233000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 HEMPSTEAD AVENUE | AddressLine1Txt |
| City | ROCKVILLE CENTRE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 115701135 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SUSAN D WILLIAMS | PersonNm |
| Person Title | VP FOR FINANCE & TREASURER | PersonTitleTxt |
| Phone | 5163233000 | PhoneNum |
| Signature | 2024-05-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | SUSAN | PersonFirstNm |
| Person Last | WILLIAMS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SCOTT THOMPSETT | PreparerPersonNm |
| PTIN | P00741490 | PTIN |
| Phone | 2125990100 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Principal Officer | JAMES P LENTINI | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 HEMPSTEAD AVENUE | AddressLine1Txt |
| City | ROCKVILLE CENTRE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 115701135 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $223,725,019 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.MOLLOY.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1955 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | MOLLOY IS AN INDEPENDENT CATHOLIC UNIVERSITY ROOTED IN THE DOMINICAN TRADITION OF STUDY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 22 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 21 | VotingMembersIndependentCnt |
| Total Employee | 2239 | TotalEmployeeCnt |
| Total Volunteers | 100 | TotalVolunteersCnt |
| Total Gross UBI | $670,217 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $16,613,283 | PYContributionsGrantsAmt |
| CY Contributions Grants | $7,326,172 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $145,957,857 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $149,925,474 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,211,281 | PYInvestmentIncomeAmt |
| CY Investment Income | $701,030 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,195,914 | PYOtherRevenueAmt |
| CY Other Revenue | $1,251,950 | CYOtherRevenueAmt |
| PY Total Revenue | $164,978,335 | PYTotalRevenueAmt |
| CY Total Revenue | $159,204,626 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $38,660,410 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $36,887,691 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $84,054,593 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $86,162,534 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,683,820 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $41,431,745 | PYOtherExpensesAmt |
| CY Other Expenses | $43,078,584 | CYOtherExpensesAmt |
| PY Total Expenses | $164,146,748 | PYTotalExpensesAmt |
| CY Total Expenses | $166,128,809 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $831,587 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$6,924,183 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $260,681,891 | TotalAssetsBOYAmt |
| Total Assets EOY | $254,798,458 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $134,851,103 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $131,350,550 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $125,830,788 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $123,447,908 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | MOLLOY UNIVERSITY, AN INDEPENDENT CATHOLIC UNIVERSITY, ROOTED IN THE DOMINICAN TRADITION OF STUDY, SPIRITUALITY, SERVICE, AND COMMUNITY, IS COMMITTED TO ACADEMIC EXCELLENCE WITH RESPECT FOR EACH PERSON. THROUGH TRANSFORMATIVE EDUCATION, MOLLOY PROMOTES A LIFELONG SEARCH FOR TRUTH AND THE DEVELOPMENT OF ETHICAL LEADERSHIP. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $137,005,860 | ExpenseAmt |
| Grant | $36,887,691 | GrantAmt |
| Revenue | $149,992,336 | RevenueAmt |
| Desc | SEE SCHEDULE OTHROUGH TRANSFORMATIVE EDUCATION, MOLLOY UNIVERSITY PROMOTES A LIFELONG SEARCH FOR TRUTH AND THE DEVELOPMENT OF ETHICAL LEADERSHIP. WITH 4,807 STUDENTS, THE UNIVERSITY OFFERS 109 UNDERGRADUATE DEGREES IN THE SCHOOLS OF ARTS AND SCIENCES, BUSINESS, EDUCATION AND HUMAN SERVICES AND NURSING AND HEALTH SCIENCES, AS WELL AS 67 MASTER'S DEGREES (INCLUDING ADVANCED CERTIFICATES) AND THREE DOCTORAL DEGREES.THE UNIVERSITY PROVIDES A STUDENT-CENTERED LEARNING EXPERIENCE, WHICH ENHANCES THE INTELLECTUAL, ETHICAL, SPIRITUAL AND SOCIAL DEVELOPMENT OF EVERY STUDENT, AND STRIVES TO ENHANCE THE QUALITY OF ITS ACADEMIC PROGRAMS, FACULTY, AND TEACHING LEARNING ENVIRONMENT. THE UNIVERSITY CONTINUES TO IDENTIFY, RECRUIT AND EDUCATE STUDENTS WHO DEMONSTRATE LEADERSHIP QUALITIES, UNDERSTAND THE NEED FOR CIVIC ENGAGEMENT AND ASPIRE TO SERVE THE COMMUNITY.LOCATED IN ROCKVILLE CENTRE, NEW YORK, THE UNIVERSITY IS A HIGHLY RANKED, COMPREHENSIVE, REGIONAL INSTITUTION OF HIGHER EDUCATION WITH OUTSTANDING FACULTY, STATE-OF-THE-ART TECHNOLOGY AND DISTINGUISHED ACADEMIC PROGRAMS. NOTABLY, THE UNIVERSITY WAS RECENTLY IDENTIFIED BY BOTH MONEY MAGAZINE AND THE WALL STREET JOURNAL FOR ITS SUCCESS IN PREPARING STUDENTS TO SUCCEED. MOLLOY'S NURSING PROGRAM IS AMONG THE LARGEST NURSING PROGRAMS IN THE NORTHEAST REGION AND ONE OF THE HIGHEST RANKED IN THE COUNTRY. | Desc |
| Total Program Service Expenses | $137,005,860 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | Yes (1) | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | Yes (1) | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 662 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 2239 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 22 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 21 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SUSAN D WILLIAMS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5163233000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 HEMPSTEAD AVENUE | AddressLine1Txt |
| City | ROCKVILLE CENTRE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 115701135 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (38 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| JAMES P LENTINI | |||||||||
| PRESIDENT | 35.00 | 0.00 | Yes (X) | Yes (X) | $544,501 | $0 | $83,565 | ||
| JOHN P MCENTEE | |||||||||
| CHAIRPERSON | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| SR MARGARET MCVETTY | |||||||||
| VICE CHAIRPERSON | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| PHILLIPA G WOODRIFFE | |||||||||
| VICE CHAIRPERSON (THRU 05/2023) | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| JOHN J BISHAR JR | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| SAMMY CHU | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DONNA L DELLOMORE | |||||||||
| TRUSTEE (THRU 12/2022) | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DIANE ESPOSITO | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| MAUREEN EVERS-WILLOX | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| LAURA FARAHANI | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| RAYMOND E FARRELL | |||||||||
| TRUSTEE (THRU 05/2023) | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| NICOLETTE FIORE-LOPEZ | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JEFFREY H GREENFIELD | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DAVID M HAGAN | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DANIEL F HINES | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| S ZAKI HOSSAIN | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| SHARI JAMES-PIERRE | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| SR ANNE-MARIE KIRMSE | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| SR PATRICIA KOEHLER | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| BRENDAN LAVELLE | |||||||||
| TRUSTEE (THRU 12/2022) | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| TIMOTHY MOONEY | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| COREY MUIRHEAD | |||||||||
| TRUSTEE (AS OF 01/2023) | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| KENNETH J PRITCHARD | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| SUSAN SANTORO | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| SR KATHLEEN TUITE | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN WESTERMAN | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| SUSAN D WILLIAMS | |||||||||
| VICE PRESIDENT FINANCE & TREASURER | 35.00 | 0.00 | Yes (X) | $272,419 | $0 | $18,542 | |||
| DIANE K FORNIERI | |||||||||
| CHIEF OF STAFF & SECRETARY | 35.00 | 0.00 | Yes (X) | $161,917 | $0 | $54,208 | |||
| CHERYL MICHELLE PISKULICH | |||||||||
| PROVOST & VP ACADEMIC AFFAIRS | 35.00 | 0.00 | $286,110 | $0 | $37,066 | Yes (X) | |||
| EDWARD J THOMPSON | |||||||||
| VICE PRESIDENT OFFICE OF ADVANCEMENT | 35.00 | 0.00 | $258,020 | $0 | $64,500 | Yes (X) | |||
| JANINE BISCARI | |||||||||
| VICE PRESIDENT STUDENT AFFAIRS | 35.00 | 0.00 | $218,389 | $0 | $13,172 | Yes (X) | |||
| LINDA ALBANESE | |||||||||
| VICE PRESIDENT ENROLLMENT MANAGEMENT | 35.00 | 0.00 | $215,316 | $0 | $13,452 | Yes (X) | |||
| MICHAEL TORRES - VP | |||||||||
| OFFICE OF TECHNOLOGY (THRU 09/2022) | 35.00 | 0.00 | $164,766 | $0 | $45,428 | Yes (X) | |||
| MARCIA GARDNER | |||||||||
| DEAN OF NURSING | 35.00 | 0.00 | $229,506 | $0 | $74,549 | Yes (X) | |||
| GIOIA BALES | |||||||||
| DEAN OF BUSINESS | 35.00 | 0.00 | $233,990 | $0 | $58,560 | Yes (X) | |||
| BARBARA T SCHMIDT - ASSOCIATE | |||||||||
| PROVOST ACADEMIC AFFAIRS | 35.00 | 0.00 | $212,215 | $0 | $36,107 | Yes (X) | |||
| AUDREY COHAN - SR DEAN | |||||||||
| FOR RESEARCH & SCHOLARSHIP | 35.00 | 0.00 | $204,751 | $0 | $9,229 | Yes (X) | |||
| JOHN CARPENTE | |||||||||
| PROFESSOR | 35.00 | 0.00 | $201,615 | $0 | $8,037 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,203,515 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $516,415 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 161 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| AUSTIN & WILLIAMS INC | |||||
| 80 ARKAY DRIVE STE 220 | HAUPPAUGE | NY | 11788 | MEDIA SERVICES | $2,449,098 |
| CUTLASS INDUSTRIAL INC | |||||
| 193 HORTON AVENUE | LYNBROOK | NY | 11563 | CONSTRUCTION/RENOVATION | $1,474,180 |
| LESSING'S FOOD SVC MGMT | |||||
| 3500 SUNRISE HWY STE 100 | GREAT RIVER | NY | 11739 | FOOD SERVICES | $1,392,244 |
| AXIS CONSTRUCTION CORP | |||||
| 125 LASER COURT | HAUPPAUGE | NY | 11788 | CONSTRUCTION/RENOVATION | $1,292,896 |
| ASSESSMENT TECH INSTITUTE INC | |||||
| 62277 COLLECTIONS CTR DR | CHICAGO | IL | 60693 | EDUCATIONAL SERVICES | $918,807 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 28 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $672,847 | FundraisingAmt |
| Government Grants | $2,551,381 | GovernmentGrantsAmt |
| All Other Contributions | $4,101,944 | AllOtherContributionsAmt |
| Noncash Contributions | $23,877 | NoncashContributionsAmt |
| Total Contributions | $7,326,172 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES | 611310 | $144,769,522 | $144,769,522 |
| STUDENT AUX. SERVICES | 611710 | $5,155,952 | $5,155,952 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $149,925,474 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,180,725 | TotalRevenueColumnAmt |
| Exclusion | $2,180,725 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,224 | TotalRevenueColumnAmt |
| Exclusion | $4,224 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $274,650 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $72,587 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $202,063 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $202,063 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $96,274 | UnrelatedBusinessRevenueAmt |
| Exclusion | $105,789 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $62,543,547 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $64,023,242 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$1,479,695 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$1,479,695 | TotalRevenueColumnAmt |
| Exclusion | -$1,479,695 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $260,780 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $672,847 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $414,140 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$153,360 | TotalRevenueColumnAmt |
| Exclusion | -$153,360 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $119,004 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $10,424 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $108,580 | TotalRevenueColumnAmt |
| Exclusion | $108,580 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|---|---|
| THEATRE PERFORMANCES | 711110 | $573,943 | $573,943 | ||
| FORFEITED ENROLL. DEP. | 900099 | $137,892 | $137,892 | ||
| STDNT. THEATRE PERF. | 711110 | $66,862 | $66,862 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $311,746 | TotalRevenueColumnAmt |
| Exclusion | $311,746 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,090,443 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $159,204,626 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $149,992,336 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $670,217 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,215,901 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,149 | TotalAmt |
| Program Services | $11,149 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,876,542 | TotalAmt |
| Program Services | $36,876,542 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,562,461 | TotalAmt |
| Program Services | $2,285,023 | ProgramServicesAmt |
| Management And General | $237,047 | ManagementAndGeneralAmt |
| Fundraising | $40,391 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $62,045,852 | TotalAmt |
| Program Services | $55,320,282 | ProgramServicesAmt |
| Management And General | $5,746,417 | ManagementAndGeneralAmt |
| Fundraising | $979,153 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,287,351 | TotalAmt |
| Program Services | $2,039,699 | ProgramServicesAmt |
| Management And General | $211,597 | ManagementAndGeneralAmt |
| Fundraising | $36,055 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,169,741 | TotalAmt |
| Program Services | $12,635,582 | ProgramServicesAmt |
| Management And General | $1,310,806 | ManagementAndGeneralAmt |
| Fundraising | $223,353 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,097,129 | TotalAmt |
| Program Services | $4,545,262 | ProgramServicesAmt |
| Management And General | $471,522 | ManagementAndGeneralAmt |
| Fundraising | $80,345 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $698,188 | TotalAmt |
| Program Services | $9,000 | ProgramServicesAmt |
| Management And General | $689,188 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $188,097 | TotalAmt |
| Management And General | $188,097 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $320,163 | TotalAmt |
| Management And General | $320,163 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,066,479 | TotalAmt |
| Program Services | $3,096,174 | ProgramServicesAmt |
| Management And General | $3,965,885 | ManagementAndGeneralAmt |
| Fundraising | $4,420 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,312,532 | TotalAmt |
| Program Services | $335,126 | ProgramServicesAmt |
| Management And General | $2,968,174 | ManagementAndGeneralAmt |
| Fundraising | $9,232 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,761,534 | TotalAmt |
| Program Services | $1,244,938 | ProgramServicesAmt |
| Management And General | $457,007 | ManagementAndGeneralAmt |
| Fundraising | $59,589 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,140,227 | TotalAmt |
| Program Services | $885,174 | ProgramServicesAmt |
| Management And General | $2,254,535 | ManagementAndGeneralAmt |
| Fundraising | $518 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,721,159 | TotalAmt |
| Program Services | $3,272,050 | ProgramServicesAmt |
| Management And General | $1,446,875 | ManagementAndGeneralAmt |
| Fundraising | $2,234 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,114,314 | TotalAmt |
| Program Services | $1,003,302 | ProgramServicesAmt |
| Management And General | $104,696 | ManagementAndGeneralAmt |
| Fundraising | $6,316 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,223,480 | TotalAmt |
| Program Services | $748,765 | ProgramServicesAmt |
| Management And General | $436,294 | ManagementAndGeneralAmt |
| Fundraising | $38,421 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,985,467 | TotalAmt |
| Program Services | $69,594 | ProgramServicesAmt |
| Management And General | $3,913,353 | ManagementAndGeneralAmt |
| Fundraising | $2,520 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,252,993 | TotalAmt |
| Program Services | $8,252,993 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $964,570 | TotalAmt |
| Program Services | $8,243 | ProgramServicesAmt |
| Management And General | $956,327 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| BLDG. GROUNDS & MAINT. | $1,448,339 | $1,010,582 | $435,489 | $2,268 |
| STUDENT TESTING EXP. | $877,216 | $877,216 | ||
| BAD DEBT EXPENSES | $872,527 | $872,527 | ||
| MEMBERSHIPS | $303,825 | $151,686 | $149,336 | $2,803 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,827,474 | TotalAmt |
| Program Services | $2,327,478 | ProgramServicesAmt |
| Management And General | $303,794 | ManagementAndGeneralAmt |
| Fundraising | $196,202 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $166,128,809 | TotalAmt |
| Program Services | $137,005,860 | ProgramServicesAmt |
| Management And General | $27,439,129 | ManagementAndGeneralAmt |
| Fundraising | $1,683,820 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,754,082 | BOYAmt |
| EOY | $5,240,318 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,831,277 | BOYAmt |
| EOY | $37,478,893 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,513,302 | BOYAmt |
| EOY | $4,492,054 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,369,038 | BOYAmt |
| EOY | $2,688,111 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,823,329 | BOYAmt |
| EOY | $1,769,512 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,461,496 | BOYAmt |
| EOY | $2,686,619 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $229,595,866 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $102,049,973 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $131,491,888 | BOYAmt |
| EOY | $127,545,893 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,712,900 | BOYAmt |
| EOY | $46,097,837 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,213,858 | BOYAmt |
| EOY | $3,577,866 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $131,250 | BOYAmt |
| EOY | $78,750 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,379,471 | BOYAmt |
| EOY | $23,142,605 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $260,681,891 | BOYAmt |
| EOY | $254,798,458 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,146,619 | BOYAmt |
| EOY | $13,080,988 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,563,009 | BOYAmt |
| EOY | $1,667,668 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,679,070 | BOYAmt |
| EOY | $3,748,162 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $85,658,103 | BOYAmt |
| EOY | $82,894,463 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,109,185 | BOYAmt |
| EOY | $3,348,733 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,695,117 | BOYAmt |
| EOY | $26,610,536 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $134,851,103 | BOYAmt |
| EOY | $131,350,550 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $114,774,241 | BOYAmt |
| EOY | $110,029,430 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,056,547 | BOYAmt |
| EOY | $13,418,478 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $125,830,788 | BOYAmt |
| EOY | $123,447,908 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $260,681,891 | BOYAmt |
| EOY | $254,798,458 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$6,924,183 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $5,285,188 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$743,885 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | 0 | DirectContactLegislatorsInd |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | Yes (1) | OtherActivitiesInd |
| Other Activities | $34 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $34 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990, SCHEDULE C, PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | MOLLOY UNIVERSITY IS A DUES PAYING MEMBER OF NACUBO, EACUBO, AND CICU; A PORTION OF ITS ANNUAL DUES ARE ATTRIBUTABLE TO LOBBYING AND ARE REPORTED IN SCHEDULE C, PART II-B, LINE 1(I). THE UNIVERSITY'S ALLOCATED PORTION OF MEMBERSHIP DUES ATTRIBUTABLE TO LOBBYING AMOUNTS TO LESS THAN $100. | ExplanationTxt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Included | $319,501 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Solicited Assets Sale | 0 | SolicitedAssetsSaleInd |
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $44,564,248 | BeginningYearBalanceAmt |
| Contributions | $248,294 | ContributionsAmt |
| Investment Earnings Or Losses | $4,509,506 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $66,550 | GrantsOrScholarshipsAmt |
| End Year Balance | $49,255,498 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $52,552,443 | BeginningYearBalanceAmt |
| Contributions | $768,892 | ContributionsAmt |
| Investment Earnings Or Losses | -$8,543,173 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $213,914 | GrantsOrScholarshipsAmt |
| End Year Balance | $44,564,248 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $43,648,437 | BeginningYearBalanceAmt |
| Contributions | $732,083 | ContributionsAmt |
| Investment Earnings Or Losses | $8,374,430 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $202,507 | GrantsOrScholarshipsAmt |
| End Year Balance | $52,552,443 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $40,758,565 | BeginningYearBalanceAmt |
| Contributions | $554,200 | ContributionsAmt |
| Investment Earnings Or Losses | $2,518,733 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $183,061 | GrantsOrScholarshipsAmt |
| End Year Balance | $43,648,437 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $38,240,438 | BeginningYearBalanceAmt |
| Contributions | $323,926 | ContributionsAmt |
| Investment Earnings Or Losses | $2,376,828 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $182,627 | GrantsOrScholarshipsAmt |
| End Year Balance | $40,758,565 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.82710 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.11810 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.05480 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,273,630 | OtherCostOrOtherBasisAmt |
| Book Value | $3,273,630 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $177,132,829 | OtherCostOrOtherBasisAmt |
| Depreciation | $63,065,194 | DepreciationAmt |
| Book Value | $114,067,635 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,280,504 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,123,535 | DepreciationAmt |
| Book Value | $3,156,969 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $41,697,287 | OtherCostOrOtherBasisAmt |
| Depreciation | $34,861,244 | DepreciationAmt |
| Book Value | $6,836,043 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $211,616 | OtherCostOrOtherBasisAmt |
| Book Value | $211,616 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $127,545,893 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| FUNDS HELD WITH TRUSTEE | $4,370,341 |
| RIGHT-OF-USE ASSETS | $17,821,102 |
| CASH SURRENDER VALUE OF DONATED LIFE INSURANCE POLICY | $951,162 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $23,142,605 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| BOND INTEREST PAYABLE | $1,950,500 |
| RIGHT-OF-USE LEASE LIABILITY | $21,790,521 |
| CONDITIONAL ASSET RETIREMENT OBLIGATION | $2,869,515 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $26,610,536 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $127,850,135 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $5,285,188 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$36,816,667 | OtherRevenueAmt |
| Revenue Not Reported | -$31,531,479 | RevenueNotReportedAmt |
| Revenue Subtotal | $159,381,614 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $320,163 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | -$497,151 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$176,988 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $159,204,626 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $130,233,015 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $497,151 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $497,151 | ExpensesNotReportedAmt |
| Expenses Subtotal | $129,735,864 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $320,163 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $36,072,782 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $36,392,945 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $166,128,809 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART III, LINE 4: | THE UNIVERSITY MAINTAINS AN ARTWORK COLLECTION IN VARIOUS BUILDINGS FOR THE ENJOYMENT OF STUDENTS, EMPLOYEES, AND VISITORS TO ITS CAMPUS. |
| PART IV, LINE 2B: | MOLLOY UNIVERSITY HAD $3,348,733 IN STUDENT CREDIT BALANCES AT JUNE 30, 2023. THESE BALANCES REPRESENT POTENTIAL TUITION MONEY OWED TO STUDENTS DUE TO OVER-PAYMENT, FINANCIAL AID APPLIED TO THE STUDENT'S ACCOUNT OR PAYMENTS. |
| PART V, LINE 4: | THE UNIVERSITY'S ENDOWMENT FUND IS INTENDED TO SUPPORT THE UNIVERSITY'S EDUCATIONAL MISSION. THE ENDOWMENT EARNINGS ARE USED TO FUND THE UNIVERSITY'S DAILY OPERATIONS, INCLUDING SCHOLARSHIPS, STUDENT PROGRAMS, AND OTHER CAMPUS ACTIVITIES. THE BOARD OF TRUSTEES, THROUGH ITS APPROVED INVESTMENT POLICY GUIDELINES, HAS INTERPRETED THE NEW YORK PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS (NYPMIFA) TO ALLOW THE UNIVERSITY TO SPEND BELOW THE HISTORICAL DOLLAR VALUE OF ITS ENDOWMENT UNLESS SPECIFIC DONORS HAVE STIPULATED TO THE CONTRARY. THE UNIVERSITY'S ENDOWMENT CONSISTS OF 124 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. |
| 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 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 IS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE UNIVERSITY HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE UNIVERSITY HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2023 AND 2022. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | INSTITUTIONAL AID AND SCHOLARSHIPS -36,072,782. CONDITIONAL ASSET RETIREMENT OBLIGATION ADJUSTMENT -24,295. LOSS ON CONTINGENCY -719,590. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | SPECIAL EVENT EXPENSES -414,140. GAMING EXPENSES -10,424. RENTAL EXPENSES -72,587. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | SPECIAL EVENT EXPENSES 414,140. GAMING EXPENSES 10,424. RENTAL EXPENSES 72,587. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | INSTITUTIONAL AID AND SCHOLARSHIPS 36,072,782. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | NONDISCRIMINATION POLICIES ARE PUBLISHED IN CATALOGS AND PUBLICATIONS, AS WELL AS, ON THE UNIVERSITY WEBSITE. |
| LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: | THE UNIVERSITY RECEIVES FEDERAL FUNDING MAINLY FROM THE UNITED STATES DEPARTMENT OF EDUCATION PRIMARILY THROUGH THE STUDENT FINANCIAL ASSISTANCE CLUSTER. IN ADDITION, THE UNIVERSITY RECEIVED FINANCIAL AID FROM THE FOLLOWING GOVERNMENTAL AGENCIES DURING FISCAL YEAR 2023: - NATIONAL SCIENCE FOUNDATION - NEW YORK STATE EDUCATION DEPARTMENT - NEW YORK STATE ENERGY RESEARCH AND DEVELOPMENT AUTHORITY - NEW YORK STATE OFFICE OF HIGHER EDUCATION - NEW YORK STATE OFFICE OF STATE COMPTROLLER - U.S. DEPARTMENT OF JUSTICE |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | CENTRAL AMERICA AND THE CARIBBEAN | RegionTxt |
| Offices | 0 | OfficesCnt |
| Employee | 0 | EmployeeCnt |
| Type Of Activities Conducted | INVESTMENTS | TypeOfActivitiesConductedTxt |
| Region Total Expenditures | $3,434,196 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $3,434,196 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $3,434,196 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART III ACCOUNTING METHOD: | FormAndLineReferenceDesc |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | GALA | Event1Nm |
| Gross Receipts Event1 | $395,600 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $300,800 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $94,800 | GrossRevenueEvent1Amt |
| Non Cash Prizes Event1 | $4,391 | NonCashPrizesEvent1Amt |
| Rent Facility Costs Event1 | $27,375 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $64,329 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $5,500 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $10,548 | OtherDirectExpensesEvent1Amt |
| Event2 | GOLF OUTING | Event2Nm |
| Gross Receipts Event2 | $296,450 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $224,870 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $71,580 | GrossRevenueEvent2Amt |
| Non Cash Prizes Event2 | $17,755 | NonCashPrizesEvent2Amt |
| Rent Facility Costs Event2 | $98,452 | RentFacilityCostsEvent2Amt |
| Food And Beverage Event2 | $9,805 | FoodAndBeverageEvent2Amt |
| Other Direct Expenses Event2 | $8,202 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 2 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $241,577 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $147,177 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $94,400 | GrossRevenueOtherEventsAmt |
| Rent Fclty Costs Other Events | $102,810 | RentFcltyCostsOtherEventsAmt |
| Food And Beverage Other Events | $18,526 | FoodAndBeverageOtherEventsAmt |
| Entertainment Other Events | $36,050 | EntertainmentOtherEventsAmt |
| Oth Direct Expnss Other Events | $10,397 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $933,627 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $672,847 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $260,780 | GrossRevenueTotalEventsAmt |
| Non Cash Prizes Total Events | $22,146 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $228,637 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $92,660 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $41,550 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $29,147 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $414,140 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$153,360 | NetIncomeSummaryAmt |
Gaming Information GamingInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Revenue Other Gaming | $119,004 | GrossRevenueOtherGamingAmt |
| Non Cash Prizes Other Gaming | $2,819 | NonCashPrizesOtherGamingAmt |
| Oth Direct Expnss Other Gaming | $7,605 | OthDirectExpnssOtherGamingAmt |
| Volunteer Labor Other Gaming | 0 | VolunteerLaborOtherGamingInd |
| Gross Revenue Total Gaming | $119,004 | GrossRevenueTotalGamingAmt |
| Non Cash Prizes Total Gaming | $2,819 | NonCashPrizesTotalGamingAmt |
| Oth Direct Expnss Total Gaming | $7,605 | OthDirectExpnssTotalGamingAmt |
| Direct Expense Summary Gaming | $10,424 | DirectExpenseSummaryGamingAmt |
| Net Gaming Income Summary | $108,580 | NetGamingIncomeSummaryAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| States Where Gaming Conducted | NY | StatesWhereGamingConductedCd |
| Licensed | Yes (1) | LicensedInd |
| License Suspended Etc | 0 | LicenseSuspendedEtcInd |
| Gaming With Nonmembers | Yes (1) | GamingWithNonmembersInd |
| Member Of Other Entity | 0 | MemberOfOtherEntityInd |
| Gaming Own Facility | 0.99000 | GamingOwnFacilityPct |
| Gaming Other Facility | 0.01000 | GamingOtherFacilityPct |
| Individual With Books | SUSAN D WILLIAMS | IndividualWithBooksNm |
Persons With Books US Address PersonsWithBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 HEMPSTEAD AVENUE | AddressLine1Txt |
| City | ROCKVILLE CENTRE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11571 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct With3rd Prty For Game Rev | 0 | CntrctWith3rdPrtyForGameRevInd |
| Gaming Manager Person | EDWARD THOMPSON | GamingManagerPersonNm |
| Gaming Manager Compensation | $0 | GamingManagerCompensationAmt |
| Gaming Manager Services Prov | SEE SCHEDULE G, PART IV | GamingManagerServicesProvTxt |
| Gaming Manager Is Employee | Yes (X) | GamingManagerIsEmployeeInd |
| Charitable Distribution Rqr | 0 | CharitableDistributionRqrInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE G, PART III, COLUMN (C): | THE UNIVERSITY DID NOT CONDUCT ANY FORMAL GAMING ACTIVITIES IN FISCAL YEAR 2023; ALL GAMING REVENUES REPORTED IN FORM 990 PART VIII, AND SCHEDULE G REPRESENT SMALL RAFFLES CONDUCTED BY STUDENT CLUBS ON CAMPUS. |
| SCHEDULE G, PART III, LINE 16, DESCRIPTION OF SERVICES PROVIDED: | THE UNIVERSITY DOES NOT EMPLOY A GAMING MANAGER. THE INDIVIDUAL LISTED IS THE VICE PRESIDENT FOR ADVANCEMENT AND IS RESPONSIBLE FOR THE FUNDRAISING COMPONENT OF REVENUES, ALONG WITH THE DIRECTOR OF ATHLETICS, WHO RAISES FUNDS FOR THE ATHLETIC DEPARTMENT. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (3 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| INSTITUTIONAL AID AND SCHOLARSHIPS | 3065 | $36,461,685 |
| STIPENDS | 142 | $383,834 |
| FACULTY RESEARCH GRANTS | 22 | $31,023 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE UNIVERSITY FOLLOWS FEDERAL, STATE AND INSTITUTIONAL POLICIES AND REGULATIONS TO MONITOR GRANTS AND FUNDS: 1) THE STUDENT APPLIES FOR THE GRANTS; 2) GRANTS ARE AWARDED FROM THE VARIOUS FUNDING SOURCES DEPENDING ON NEED AND/OR ACADEMIC STANDING; 3) THE STUDENT'S ELIGIBILITY IS VERIFIED THROUGH FEDERAL, STATE AND INSTITUTIONAL REQUIREMENTS, MATRICULATION, REGISTRATION, ATTENDANCE AND ACADEMIC PROGRESS; 4) GRANTS AND AWARDS ARE PROCESSED ONTO THE STUDENT'S ACCOUNT; 5) WHERE LOANS ARE INVOLVED, THE UNIVERSITY FOLLOWS UP WITH THE REGULATORY REQUIREMENTS AFTER GRADUATION. THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) IS AN INTEGRAL PART OF THIS PROCESS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (13 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JAMES P LENTINI | ||||||||||||||
| PRESIDENT | $397,308 | $0 | $50,000 | $0 | $97,193 | $0 | $20,146 | $0 | $63,419 | $0 | $628,066 | $0 | $0 | $0 |
| CHERYL MICHELLE PISKULICH | ||||||||||||||
| PROVOST & VP ACADEMIC AFFAIRS | $286,110 | $0 | $0 | $0 | $0 | $0 | $16,647 | $0 | $20,419 | $0 | $323,176 | $0 | $0 | $0 |
| EDWARD J THOMPSON | ||||||||||||||
| VICE PRESIDENT OFFICE OF ADVANCEMENT | $254,967 | $0 | $0 | $0 | $3,053 | $0 | $0 | $0 | $64,500 | $0 | $322,520 | $0 | $0 | $0 |
| MARCIA GARDNER | ||||||||||||||
| DEAN OF NURSING | $229,506 | $0 | $0 | $0 | $0 | $0 | $15,079 | $0 | $59,470 | $0 | $304,055 | $0 | $0 | $0 |
| GIOIA BALES | ||||||||||||||
| DEAN OF BUSINESS | $233,990 | $0 | $0 | $0 | $0 | $0 | $15,137 | $0 | $43,423 | $0 | $292,550 | $0 | $0 | $0 |
| SUSAN D WILLIAMS | ||||||||||||||
| VICE PRESIDENT FINANCE & TREASURER | $272,419 | $0 | $0 | $0 | $0 | $0 | $17,029 | $0 | $1,513 | $0 | $290,961 | $0 | $0 | $0 |
| BARBARA T SCHMIDT - ASSOCIATE | ||||||||||||||
| PROVOST ACADEMIC AFFAIRS | $212,215 | $0 | $0 | $0 | $0 | $0 | $13,452 | $0 | $22,655 | $0 | $248,322 | $0 | $0 | $0 |
| JANINE BISCARI | ||||||||||||||
| VICE PRESIDENT STUDENT AFFAIRS | $214,489 | $0 | $0 | $0 | $3,900 | $0 | $13,172 | $0 | $0 | $0 | $231,561 | $0 | $0 | $0 |
| LINDA ALBANESE | ||||||||||||||
| VICE PRESIDENT ENROLLMENT MANAGEMENT | $213,544 | $0 | $0 | $0 | $1,772 | $0 | $13,452 | $0 | $0 | $0 | $228,768 | $0 | $0 | $0 |
| DIANE K FORNIERI | ||||||||||||||
| CHIEF OF STAFF & SECRETARY | $161,917 | $0 | $0 | $0 | $0 | $0 | $10,785 | $0 | $43,423 | $0 | $216,125 | $0 | $0 | $0 |
| AUDREY COHAN - SR DEAN | ||||||||||||||
| FOR RESEARCH & SCHOLARSHIP | $204,751 | $0 | $0 | $0 | $0 | $0 | $9,229 | $0 | $0 | $0 | $213,980 | $0 | $0 | $0 |
| MICHAEL TORRES - VP | ||||||||||||||
| OFFICE OF TECHNOLOGY (THRU 09/2022) | $164,766 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $45,428 | $0 | $210,194 | $0 | $0 | $0 |
| JOHN CARPENTE | ||||||||||||||
| PROFESSOR | $201,615 | $0 | $0 | $0 | $0 | $0 | $8,037 | $0 | $0 | $0 | $209,652 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | THE UNIVERSITY'S PRESIDENT, JAMES P. LENTINI, IS PROVIDED CERTAIN PREREQUISITES BY VIRTUE OF HIS POSITION AT THE UNIVERSITY. BY CONTRACT, THE PRESIDENT IS ENTITLED TO USE OF A RESIDENCE, A CAR ALLOWANCE AND REIMBURSEMENT FOR SOCIAL CLUB DUES. THE USE OF RESIDENCE IS TREATED AS A TAXABLE FRINGE BENEFIT (REPORTABLE IN FORM 990, SCHEDULE J, PART II, COLUMN (B)(III)). BOTH THE PRESIDENT, JAMES P. LENTINI, AND VICE PRESIDENT FOR ADVANCEMENT, EDWARD J. THOMPSON, ARE REIMBURSED FOR SOCIAL CLUB DUES. SINCE THE SOCIAL CLUB IS USED BY BOTH SOLELY IN A BUSINESS CAPACITY, THIS CONSTITUTES A NON-TAXABLE FRINGE BENEFIT AND IS INCLUDED IN SCHEDULE J, PART II, COLUMN (D). FINALLY, THE VICE PRESIDENT FOR ADVANCEMENT IS ENTITLED TO A CAR ALLOWANCE; THE PERSONAL USE OF THE CAR IS A TAXABLE FRINGE BENEFIT AND IS INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). |
| PART I, LINE 7 | PRESIDENT, JAMES P. LENTINI, RECEIVED A $50,000 BONUS IN CALENDAR YEAR 2022, AUTHORIZED AT THE DISCRETION OF THE BOARD FOR MEETING CERTAIN OBJECTIVE PERFORMANCE-BASED CRITERIA. THE PRESIDENT'S FULL COMPENSATION PACKAGE, INCLUSIVE OF ANY BONUSES RECEIVED, AS WELL AS THE AFOREMENTIONED FRINGE BENEFITS, IS APPROVED BY THE BOARD OF TRUSTEES TO ENSURE THAT IT ALIGNS WITH COMPENSATION PAID TO SIMILARLY SITUATED INDIVIDUALS AT EDUCATIONAL INSTITUTIONS IN THE SAME GEOGRAPHICAL REGION. ALL COMPENSATION DECISIONS APPROVED BY THE BOARD ARE MEMORIALIZED IN COMMITTEE MEETING MINUTES. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| TOWN OF HEMPSTEAD LOCAL DEVELOPMENT CORPORATION | ||||||||
| A | 112798949 | 424682GE6 | 2014-11-14 | $32,574,808 | TO FINANCE THE COST OF A NEW ACADEMIC BUILDING. | 0 | 0 | 0 |
| TOWN OF HEMPSTEAD LOCAL DEVELOPMENT CORPORATION | ||||||||
| B | 112798949 | 424682HD7 | 2017-07-01 | $49,942,142 | TO REFINANCE THE SERIES 2009 BONDS. | 0 | 0 | 0 |
| TOWN OF HEMPSTEAD LOCAL DEVELOPMENT CORPORATION | ||||||||
| C | 112798949 | 424682JU7 | 2018-10-18 | $16,104,560 | TO FINANCE THE COST OF A NEW DORMITORY BUILDING | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Capitalized InterestCapitalizedInterestAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $3,735,000 | $32,574,808 | $1,480,180 | $584,543 | $27,990,265 | $4,000,000 | 2016 | Yes (1) | Yes (1) | Yes (1) | Yes (1) |
| B | $7,715,000 | $49,942,142 | $672,867 | $48,923,275 | 2017 | 0 | Yes (1) | Yes (1) | Yes (1) | ||
| C | $1,190,000 | $16,104,560 | $527,083 | $322,484 | $15,135,862 | 2019 | 0 | 0 | Yes (1) | Yes (1) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| C | 0 | 0 | 0 | 0 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
| C | 0 | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
| C | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE K, PART IV, LINE 2C, COLUMN A: | THE UNIVERSITY COMMISSIONED AN INDEPENDENT THIRD PARTY BOND ARBITRAGE SPECIALIST TO DETERMINE WHETHER ANY ARBITRAGE EXISTED ON ITS 2014 BOND ISSUANCE. THE ARBITRAGE REPORT WAS ISSUED ON NOVEMBER 14TH, 2019 AND THE CONSULTANT CONCLUDED THAT NO REBATE WAS DUE. |
| SCHEDULE K, PART IV, LINE 2C, COLUMN B: | THE UNIVERSITY COMMISSIONED AN INDEPENDENT THIRD PARTY BOND ARBITRAGE SPECIALIST TO DETERMINE WHETHER ANY ARBITRAGE EXISTED ON ITS 2017 BOND ISSUANCE. THE ARBITRAGE REPORT WAS ISSUED ON JULY 7TH, 2022 AND THE CONSULTANT CONCLUDED THAT NO REBATE WAS DUE. |
| SCHEDULE K, PART IV, LINE 2C, COLUMN C: | THE UNIVERSITY COMMISSIONED AN INDEPENDENT THIRD PARTY BOND ARBITRAGE SPECIALIST TO DETERMINE WHETHER ANY ARBITRAGE EXISTED ON ITS 2018 BOND ISSUANCE. THE ARBITRAGE REPORT WAS ISSUED ON NOVEMBER 14, 2023 AND THE CONSULTANT CONCLUDED THAT NO REBATE WAS DUE. |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $5,877 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV ON DATE OF DONATION | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | PIANO | Desc |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $18,000 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 1 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 32B: | FormAndLineReferenceDesc |
| Explanation | AS PART OF ITS FUNDRAISING EFFORTS, THE UNIVERSITY SOLICITS DONATIONS FROM MANY SOURCES. IN THOSE INSTANCES WHERE IT RECEIVES NON-CASH SECURITIES, THE UNIVERSITY'S INVESTMENT MANAGER LIQUIDATES THOSE SECURITIES AND DEPOSITS THEM INTO AN ACCOUNT SET-UP TO RECEIVE SUCH FUNDS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE UNIVERSITY'S FORM 990 IS PREPARED BY AN INDEPENDENT THIRD PARTY ACCOUNTING FIRM IN CONJUNCTION WITH THE UNIVERSITY'S FINANCIAL DEPARTMENT. THE 990 IS REVIEWED IN DETAIL BY MANAGEMENT AND THEN SHARED WITH THE UNIVERSITY'S AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES. UPON APPROVAL BY THE AUDIT COMMITTEE, A COPY OF THE COMPLETE FORM 990 IS SHARED WITH THE FULL BOARD OF DIRECTOR PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | A CONFLICT OF INTEREST STATEMENT IS REQUIRED TO BE COMPLETED ANNUALLY FOR ALL BOARD OF TRUSTEE MEMBERS, OFFICERS AND KEY EMPLOYEES. ANY TRANSACTIONS OR BUSINESS RELATIONSHIPS BETWEEN THE UNIVERSITY AND A TRUSTEE OR FAMILY MEMBER IS SUBJECT TO REVIEW AND APPROVAL OF DISINTERESTED MEMBERS OF THE BOARD TO ENSURE THAT SUCH TRANSACTIONS OR RELATIONSHIPS ARE IN THE BEST INTEREST OF THE UNIVERSITY AND COMPLIES WITH UNIVERSITY POLICY AND ALL APPLICABLE LEGAL AND ETHICAL GUIDELINES. THE AUDIT COMMITTEE OF THE BOARD SHALL REPORT TO THE FULL BOARD PERIODICALLY, BUT AT LEAST ANNUALLY, ANY SIGNIFICANT TRANSACTIONS AND RELATIONSHIPS. |
| FORM 990, PART VI, SECTION B, LINE 15A | COMPENSATION OF THE PRESIDENT OF THE UNIVERSITY IS APPROVED BY THE BOARD OF TRUSTEES. THE COMPENSATION OF THE PRESIDENT IS BASED ON SEVERAL FACTORS, INCLUDING DATA COLLECTED FROM AND COMPARED TO VARIOUS UNIVERSITIES AND UNIVERSITIES IN OUR PEER GROUP. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE UNIVERSITY DOES NOT POST ITS FINANCIAL STATEMENTS ON ITS WEBSITE. COPIES ARE MADE AVAILABLE UPON REQUEST. THE FORM 990 IS POSTED ON GUIDESTAR AND IS MADE AVAILABLE IN THE UNIVERSITY'S FINANCE OFFICE. BYLAWS AND OTHER GOVERNING DOCUMENTS ARE MAINTAINED ON PREMISES AND AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | CONDITIONAL ASSET RETIREMENT OBLIGATION ADJUSTMENT -24,295. LOSS CONTINGENCY ON POTENTIAL LITIGATION CLAIMS -719,590. |
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