2022-07-01T10:43:20-05:00 2021-08-31 GRANT THORNTON LLP 757 THIRD AVENUE 9TH FLOOR NEW YORK NY 10017 990 2020-09-01 111630906 HOFSTRA UNIVERSITY % OFFICE OF FINANCIAL AFFAIRS HOFS 5164636820 128 HOFSTRA UNIVERSITY HEMPSTEAD NY 11549 CATHERINE HENNESSY SVP FINANCIAL AFFAIR 5164636820 2022-06-22 CATHERINE HENNESSY 999009999 Daniel Romano P00504182 2125429609 2 2020 2022-09-23 18:48:47Z SUSAN POSER PRESIDENT 128 HOFSTRA UNIVERSITY HEMPSTEAD NY 11549 890788005 false X www.hofstra.edu X 1935 NY INSTITUTION OF HIGHER LEARNING 30 30 5636 1150 303248 29985 32586515 45360720 504705091 511005419 38742603 50613146 185863 -91988 576220072 606887297 169161365 173809513 0 0 272026895 259194738 328750 0 4449271 107195275 104787134 548712285 537791385 27507787 69095912 1293010236 1538245078 366094063 424091460 926916173 1114153618 INSTITUTION OF HIGHER LEARNING OFFERING UNDERGRADUATE AND GRADUATE PROGRAMS, ALONG SIDE CO-CURRICULAR, CULTURAL PROGRAMS AND ACTIVITIES. false false 435562818 170423969 480277787 Instruction and related academic support, including research and public services, sponsored programs, scholarships, fellowships and other expenses benefiting the community. (Fall 2020 full-time equivalents of 9,632) 39527783 3385544 30727632 Auxiliary enterprises, including residence halls and food service. (approximately 1,910 students in residence halls) 475090601 true true false true false true false true true true true true false false true true true false true true true false false false true false false true true true true false false false false false false false false false false true true false false false true true true false false true 397 0 true 5636 true true true false false false false true true false false false false true false X 30 30 true false false false false false false true true false false true true true true true true true true true true MD MA MI NH NY X OFFICE OF FINANCIAL AFFAIRS 5164636820 128 HOFSTRA UNIVERSITYPHILLIPS HAL HEMPSTEAD NY 115491280 Stuart Rabinowitz President (See Sch J Notes) 60.0 0.0 X X 1437454 0 288489 Lawrence Smith Dean, School of Medicine 60.0 0.0 X 689840 0 33698 Catherine Hennessy SVP FOR FINANCE & TREASURER 60.0 0.0 X 545860 0 74447 Herman Berliner Provost & SVP Academic Affairs 60.0 0.0 X 472886 0 145984 M Patricia Adamski SR VP FOR PLAN & ADM 60.0 0.0 X 515231 0 60627 Dolores Fredrich SVP FOR LEGAL AFFAIRS 60.0 0.0 X 494506 0 74893 Joseph Mihalich Mens Basketball Coach 60.0 0.0 X 489236 0 56477 Sina Rabbany Dean, School of Engineering 60.0 0.0 X 414048 0 107067 Alan Kelly VP FOR DEVELOPMENT 60.0 0.0 X 408473 0 67768 Mark Lukasiewicz Dean, School of Communication 60.0 0.0 X 374096 0 80728 Gail Prudenti Dean, School of Law 60.0 0.0 X 412245 0 15357 Melissa Connolly VP for UNIV RELATIONS 60.0 0.0 X 281871 0 141603 Richard Cole VP - Athletics 60.0 0.0 X 329398 0 88969 Jessica Eads VP FOR ENROLLMENT MANAGEMENT 60.0 0.0 X 285261 0 79545 Stephen Fabiani VP of Information Technology 60.0 0.0 X 325098 0 29488 W Houston Dougharty VP FOR STUDENT AFFAIRS 60.0 0.0 X 298823 0 53091 Joseph Barkwill VP FOR FACILITIES 60.0 0.0 X 282695 0 67678 Lawrence Levy VP Econ Dev (Until 8/31/20) 60.0 0.0 X 253407 0 84408 Alan J Bernon Trustee 2.0 0.0 X 0 0 0 Dr Leo A Guthart Trustee 2.0 0.0 X 0 0 0 Mr Peter S Kalikow Trustee 2.0 0.0 X 0 0 0 Arthur J Kremer Esq Trustee 2.0 0.0 X 0 0 0 Mr David S Mack Trustee 2.0 0.0 X 0 0 0 Janis M Meyer Esq Trustee 2.0 0.0 X 0 0 0 Mr John D Miller Trustee 2.0 0.0 X 0 0 0 Marilyn B Monter Trustee 2.0 0.0 X 0 0 0 Ms Martha S Pope Trustee 2.0 0.0 X 0 0 0 Robert Rosenthal Trustee 2.0 0.0 X 0 0 0 Mr Frank G Zarb Trustee 2.0 0.0 X 0 0 0 Debra A Sandler Trustee 2.0 0.0 X 0 0 0 Thomas J Sanzone Trustee 2.0 0.0 X 0 0 0 Joseph Sparacio Trustee 2.0 0.0 X 0 0 0 Arno H Fried Trustee 2.0 0.0 X 0 0 0 Diana E Lake Trustee 2.0 0.0 X 0 0 0 Julio A Portalatin Trustee 2.0 0.0 X 0 0 0 Kenneth Brodlieb Trustee 2.0 0.0 X 0 0 0 Michael Seiman Trustee 2.0 0.0 X 0 0 0 Leonard H Shapiro Trustee 2.0 0.0 X 0 0 0 Elizabeth McCaul Trustee 2.0 0.0 X 0 0 0 Michael Roberge Trustee 2.0 0.0 X 0 0 0 Donald M Schaeffer Trustee 3.0 0.0 X 0 0 0 Steven C Witkoff Trustee 2.0 0.0 X 0 0 0 Susan Catalano Trustee 2.0 0.0 X 0 0 0 Randy Levine Trustee 2.0 0.0 X 0 0 0 Stella Mendes Trustee 2.0 0.0 X 0 0 0 Michael Delaney Trustee 2.0 0.0 X 0 0 0 Joanne Minieri Trustee 2.0 0.0 X 0 0 0 Samuel Ramos Trustee 2.0 0.0 X 0 0 0 Michael DeDomenico Trustee 2.0 0.0 X 0 0 0 8310428 0 1550317 609 true true false Axis Construction Corp 125 Laser Ct HAUPPAUGE NY 11788 CONSTRUCTION 11070796 COMPASS GROUP USA INC 2400 Yorkmont Road CHARLOTTE NC 28217 CAMPUS FOOD PROVIDER 6715703 EAB Global Inc 2445 M Street NW WASHINGTON DC 20037 Student Marketing 4286819 Structure Tone LLC 330 W 34st NEW YORK NY 10001 Construction 1634444 HLW International LLP 115 Fifth Avenue 5th Floor NEW YORK NY 10003 CONSTRUCTION 1353382 34 1755974 21909844 21694902 1043415 45360720 TUITION & FEES 611600 457937805 457937805 SALES& SVC AUX ENT 812900 30727632 30455655 271977 SALES& SVC ED DPT 900099 2987305 2987305 OTHER SOURCE ED SV 900099 19352677 19352677 511005419 12282555 31271 12251284 0 0 327800 39009 288791 0 288791 288791 321587764 283257173 38330591 38330591 38330591 213452 1755974 596043 -382591 -382591 10295 8483 1812 1812 0 0 0 0 606887297 510733442 303248 50489887 40000 40000 173769513 173769513 0 0 8880561 1581082 6762999 536480 0 182812464 163427301 16997355 2387808 16736584 14324306 2152236 260042 38084993 31463997 5923041 697955 12680136 11091188 1401418 187530 6065168 5348081 717087 426653 97495 329158 315981 17848 298133 41438 41438 0 5821724 5821724 0 1234546 200425 1018430 15691 18024117 15913244 1927512 183361 6210220 4821812 1383945 4463 0 11568161 10763619 792009 12533 5379261 5260974 87379 30908 0 105720 93848 11258 614 7627687 7396012 231675 0 21916771 16563521 5353250 4995554 982930 4012624 BAD DEBT AND COLLECTION COST 2099921 1818406 281515 COVID STUDENT GRANTS 3338758 3338758 MEDICAL SCHOOL STIPENDS 1435334 1435334 OTHER MISC 6475524 3636311 2707327 131886 1704596 1704596 537791385 475090601 58251513 4449271 0 0 214232400 197111686 12400985 11766539 5833224 5891433 0 0 0 0 18373937 18053113 2771 833 4830039 7001520 686446356 377590000 316824976 308856356 387954588 541817721 324564124 383185429 0 0 0 0 7993192 64560448 1293010236 1538245078 30656692 32015925 0 0 108686086 122261374 174932342 221697230 1739829 2060241 0 0 3373459 1933738 0 0 46705655 44122952 366094063 424091460 X 566418963 681458320 360497210 432695298 926916173 1114153618 1293010236 1538245078 X 69095912 119557327 -1415794 X false true X true true true X 47779619 45590618 46523024 32586515 45360720 217840496 0 0 47779619 45590618 46523024 32586515 45360720 217840496 0 217840496 11650233 13846298 16411072 14300180 12610355 68818138 274868 292400 229555 9327 30985 837135 487538 334453 413088 145279 223747 1604105 289099874 5021544249 0.75351 0.73120 X Schedule A, Part II Schedule A, Part II has been completed solely for the purposes of displaying that the University passes the Public Support test needed for the Special Rule set forth in Schedule B. Schedule A, Part II, Line 10 Other income is comprised of gross income from gaming and fundraising. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true false true false true 41438 true 13441 true true 54879 false Schedule C, Part II-B, Line 1f The University paid membership dues to the Commission on Independent Colleges and Universities (CICU). CICU has estimated that 7.62% of its operating budget relates to lobbying activities. For the year, the portion of the dues related to lobbying activities was $4,934. On occasion, at the recommendation of CICU, the University will mail individual letters to officials to lend its support on issues relating to private higher education. The University paid $36,505 to a law firm to advise and lobby on NYS legislation and regulation and in addressing other state issues affecting private higher education. Schedule C, Part II-B, Line 1g Represents salary allocations for Officers, direct lobbying expenses as reported to NY State. 11 15000 54018 1434076 true true X X X false true 1739829 1132081 811670 2060240 true X 682366337 83019727 163958813 19566548 9713591 5738417 894326321 634500609 6304649 73985715 17671122 9397529 5355985 682366337 612295580 24427698 27308919 15850042 8635709 5045837 634500609 553666478 29739036 56483837 14326817 8324840 4942114 612295580 446567318 70503212 60094993 12941711 5910795 4646539 553666478 0.55600 0.23100 0.21300 false false 15535127 15535127 550936917 292882255 258054662 76542682 55658184 20884498 43431630 29049561 14382069 308856356 ENDOWMENT-EQUITY FUND 125992429 F ENDOWMENT-FIXED INCOME FUND 59390973 F ENDOWMENT-HEDGE FDS/PRIV EQTY 172356307 F ENDOW SPLIT INT-CASH&CASH EQUI 33791 F OTHER-CASH&CASH EQUIV 67567 F ENDOWMENT - REAL ESTATE 18219743 F OTHER-EQUITY 1866527 F OTHER-FIXED INCOME 1883785 F OTHER-HEDGE FUND/PVT EQUITY 3374307 F 383185429 24199 OTHER LIABILITIES 7653016 US GOVT GRANTS REFUNDABLE 1272257 LIABILITY FOR POSTRETIREMENT 29380629 ASSET RETIREMENT OBLIGATION 5792851 44122952 X 547463930 119557327 610543 120167870 427296060 5821724 173769513 179591237 606887297 358810691 610543 610543 358200148 5821724 173769513 179591237 537791385 Schedule D, Part III, Line 1a The University maintains an art collection, which consists of works of art, including prints, painting, photographs, and sculptures that are held for the purpose of public exhibition, education, and research. Each item is cataloged, preserved, and cared for, and activities verifying their existence and assessing their condition are performed by the Museum Director. The art collection is not recognized as an asset on the statement of financial position. Schedule D, Part III, Line 4 The daily, annual and long-range operations of the Hofstra University Museum are consonant with the mission of the University and consistent with the governance of the University. Just as the University holds a public trust and acts for the public good pursuant to its Charter by the Regents of the University of the State of New York, so does the Hofstra University Museum hold a public trust and acts in the public good as an agency of the University through its exhibitions; its permanent collection; its public and educational programming; as well as its interpretative, scholarly activities and publications. Schedule D, Part X, Line 1 Income generated that is unrelated to the University's exempt purpose is subject to tax. The University believes it did not have any material tax liability nor any significant uncertain tax positions for the years ended August 31, 2021 and 2020. A provision for income taxes, which is considered immaterial, has been reflected in the University's financial statements. Schedule D, Part XI, Line 2 Reconciliation of Revenue - Other Represent amounts included on Line 1, but not on Form 990, Part VIII, Line 12 and is made up of the following: Rental Expenses 6,017 Gaming Expenses 8,483 Fundraising Expenses 596,043 ----------- Total 610,543 Part XII, Line 4b represent scholarship amounts added back on Form 990, Part VIII, Lines 2a and 2b, and is made up of the following: Tuition Scholarships 170,383,969 Auxiliary Scholarship 3,385,544 ------------- Total 173,769,513 Schedule D, Part XII, Line 2 Reconciliation of Expenses - Other Represent amounts included on Line 1, but not on Form 990, Part IX, Line 25 and is made up of the following: Rental Expenses 6,017 Gaming Expenses 8,483 Fundraising Expenses 596,043 ----------- Total 610,543 Part XII, Line 4b represent scholarship amounts included on Form 990, Part IX, Line 2, and is made up of the following: Tuition Scholarships 170,383,969 Auxiliary Scholarship 3,385,544 ------------- Total 173,769,513 Schedule D, Part I Donor Advised Funds or Other Similar Funds or Accounts There are no instances in which a donor has the right to provide advice on the investment of endowment funds. There are no instances in which the donor has the right to select how and to whom the funds are distributed. In 11 cases, the spending and distribution is recommended by a committee in which the donor has the right to be a member, or the selection of the recipient is made in consultation with the donor. In all instances the University approves the scholarship recipient, and in no instance is there a relationship between the donor and the recipient. The aggregate value of the 11 funds is $1,434,076 representing 0.16% of the total endowment value at August 31, 2021. Schedule D, Part V, Line 4 Endowment Funds The University endowment funds are used to support student scholarships, professorships, facilities and other programs. Schedule D, Part IV, Line 2b Escrow and Custodial Arrangements The University maintains custody of agency funds for various student and other university related groups. Schedule D, Part V Prior year Endowment information included in Schedule D, Part V, has been restated to reflect endowment net asset values, as opposed to endowment long term investment values. true true true true true true true false false false false false false false false true false true Schedule E, Part 1, Line 3 Racially Nondiscriminatory Policy The nondiscriminatory policy is publicized through the University website including recruitment materials and student bulletins. Schedule E, Part 1, Line 6a Government Support The University received government support from Federal, New York State and local sources. false Europe (Including Iceland and Greenland) Program Services Recruitment 1995 Central America and the Caribbean Investments 70651076 Europe (Including Iceland and Greenland) Investments 67257927 137910998 137910998 true true true true true false Schedule F, Part IV The University invests in various entities directly or indirectly which may have ownership in a foreign partnership, corporation or trusts. All investments are reviewed to determine if the threshold for additional filings are triggered and, if so, such forms are prepared and attached to Form 990-T for filing. Community Counseling Service See part IV false Kevin Dwyer see part IV false AK AZ CO CT DC HI MD MA MI MS NV NH ND SC VA WA 2021 Gala Ball 1351024 1287024 64000 284273 99925 8550 34160 2020 Celeb Subu 186975 152447 34528 15450 7 425472 311195 114277 1485 23758 39377 31129 56502 1963471 1750666 212805 1485 308031 139302 55129 90662 594609 -381804 NY 128 Hofstra University Hempstead NY 11549 true Village of Hempstead 99 Nichols Court Hempstead NY 11550 116000842 501(a) 40000 Contribution 1 Total Student Financial Aid (See Breakdown Below) Athletic Student Tuition Financial Aid 280 5977739 NA NA Undergraduate Student Tuition Financial Aid 5251 126107698 NA NA Graduate Student Tuition Financial Aid 2156 38298532 NA NA Room and Board Grants 3385544 NA NA Schedule I, Part 1, Line 2 Monitoring the Use of Grants On rare occasion, the University will match funds raised by students for worthy charitable projects. All such funds are reviewed carefully by the VP for Student Life and approved by the President upon the recommendation of the Student Government Association. Other grants may be permitted in furtherance of the University's mission and are approved by the President. Schedule I, Part III Grants and Other Assistance to Individuals The University has financial aid available in many forms, including scholarships and grants. The eligibility for financial aid is based upon student's achievement and promise, academic credentials and financial need. Schedule I, Part III, Line 5 For the room and board grant amounts, the number of recipients is not disclosed as these students are already included in Lines 2,3 and 4. X X X true true X X X X X false false false false false false false false false Stuart Rabinowitz President (See Sch J Notes) 839241 598213 234565 53924 1725943 257846 M Patricia Adamski SR VP FOR PLAN & ADM 457570 57661 45389 15238 575858 Joseph Barkwill VP FOR FACILITIES 275761 6934 32781 34897 350373 Melissa Connolly VP for UNIV RELATIONS 259740 22131 37665 103938 423474 W Houston Dougharty VP FOR STUDENT AFFAIRS 198164 100659 18194 34897 351914 Jessica Eads VP FOR ENROLLMENT MANAGEMENT 273220 12041 44648 34897 364806 Dolores Fredrich SVP FOR LEGAL AFFAIRS 446244 48262 39996 34897 569399 Catherine Hennessy SVP FOR FINANCE & TREASURER 495566 50294 39996 34451 620307 Alan Kelly VP FOR DEVELOPMENT 375061 33412 32871 34897 476241 Herman Berliner Provost & SVP Academic Affairs 421241 51645 45189 100795 618870 Stephen Fabiani VP of Information Technology 311752 13346 14250 15238 354586 Richard Cole VP - Athletics 271546 57852 14128 74841 418367 Lawrence Levy VP Econ Dev (Until 8/31/20) 242199 11208 29657 54751 337815 Joseph Mihalich Mens Basketball Coach 354806 30506 103924 21580 34897 545713 Lawrence Smith Dean, School of Medicine 641562 48278 32871 827 723538 Gail Prudenti Dean, School of Law 392267 19978 14530 827 427602 Sina Rabbany Dean, School of Engineering 386733 27315 45185 61882 521115 Mark Lukasiewicz Dean, School of Communication 307908 66188 14250 66478 454824 Schedule J, Part II President Rabinowitz has served at the University since 1972, including as president since 2001 and before that as dean and as a tenured member of the law school faculty. In 2016, in order to recognize that service and assure retention of his services as president, and to provide appropriate retirement benefits for him and termination of his tenure rights, the University entered into a deferred compensation arrangement with the president. Pursuant to IRS reporting rules, the deferred compensation is required to be reported during the retention period although payments will not be received until a later date. Schedule J, Part II The president is a nonvoting member of the Board of Trustees. Schedule J, Part I, Line 1a Officer Compensation All items identified on Line 1a are included as compensation on both the employee's W2 and on Form 990, Schedule J. A payment for personal services, reimbursing for personal financial services, was provided to an officer and included on the employees W2 and on Form 990, Schedule J. Schedule J, Part I, Line 1b Payment or reimbursement is pursuant to a written agreement. Schedule J, Part II, Items C and D Compensation In accordance with IRS regulations, items reported in columns C and D include University contributions to group retirement and nontaxable group benefits paid by the University. These items include the University's contribution to a qualified 403(b) plan, with contributions varying based on length of service, as limited by IRS regulations; the University-paid portion of group health care benefits (cost vary by employee selected plan); and the University-paid costs of other nontaxable benefits including life and disability insurance, and tuition payments. All group benefits apply equally to all non union employees or as set forth in collective bargaining agreements. Schedule J The University contributes to retiree health and life benefits for former employees, including former officers, based on retirement date which varies by unit. A Town of Hempstead LDC Series 2013 112798949 424682ED0 2013-06-20 70200775 Refinance 2003 Bonds & New Facilit false false false B Town of Hempstead LDC Series 2017 112798949 424682HC9 2017-05-17 61034262 Refinance 2007 Bonds & New Facilit false false false C Town of Hempstead LDC Series 2021A 112798949 424682LY6 2021-05-27 105627965 Refinance 2011 Bonds & New Facilit false false false A 18160000 0 70223624 0 2750159 0 796915 0 0 27524247 39152303 0 2015 true false true true B 3840000 0 61776446 0 2567113 0 811580 0 0 38960878 19436875 0 2020 true false true true C 0 0 105628432 0 0 0 1068170 0 0 1564399 60245000 42750863 true false false true A false true true true true true 0 false false false true B false true true true false 0 false false false true C false true true true false 0 false false false true A false false false true false false 0 false 0 false true B false false false true false false 0 false 0 false true C false true false false false false 0 false 0 false true A true B true C true Part II, Line 3 Includes investment earnings on bond proceeds through 8/31/21. Part III, Lines 4,5, and 6 For bonds issued after 2002, the university computes private business use separately for each bond issue, whether financed or not, under the multipurpose allocation exception. On schedule K, for each outstanding bond issue, the private business use is computed and reported on a combined basis, with the refinancings. Part IV, Line 2c ARBITRAGE CALCULATION DATE A. 2013 TOWN OF HEMPSTEAD LDC - MAY 31, 2020 B. 2017 TOWN OF HEMPSTEAD LDC - MAY 17, 2021 C. 2021A TOWN OF HEMPSTEAD LDC - FIRST REPORT DUE MAY 2022 X 20 0 NA X NA X 28 1043415 FMV OF STOCK X Event Supplies 3 0 NA X Gift Card/Certificate 125 0 NA X Equipment 5 0 NA false true false Schedule M, Part I, Line 33 Noncash Gifts See statement for Schedule D, Part III, Line 1a with regards to works of art. Other non-cash contributions other than works of art are used by the University in the normal course of business or used in connection with Development activities. Gifts-in-kind are not assigned a value and not recorded on the University's financial system. Form 990, Part VI, Section A, Line 2 As reflected on statements filed annually with the University, other than listed below, no officer, director, trustee, key employees, highest compensated employees or highest compensated professional or other independent contractors receiving any compensation from the organization is related to any other such entity through family or business relationships. Trustee Miller reported that he has an investment in a fund in which Trustee Guthart is a principal. Form 990, Part IV, Line 9 In the ordinary course of business, the University provides information to students and parents regarding eligibility for Title IV student assistance, including student and parent loans, University scholarship and loan programs, and internal and external payment plan arrangements which are available to finance tuition and fees at Hofstra. In addition, the University is engaged in the collection of tuition and fee balances from students for the current and prior terms, including entering into agreements for the collection and payment of amounts due and owing. Form 990, Part VI, Line 11b Form 990 is prepared by the University, and reviewed by an outside tax consultant. The SVP for Financial Affairs and Treasurer also reviews the return with the President, SVP for Planning and the SVP for Legal Affairs and General Counsel. The final return is submitted to the Audit Committee of the Board of Trustees and the full Board of Trustees prior to signing and filing the return. Form 990, Part VI, Line 15 The Hofstra University Board of Trustees Compensation Committee has oversight of all elements of executive compensation and reports to the entire Board on such matters. Specifically, the Committee reviews the compensation of the President and officers and other key employees. The Committee assesses and approves the reasonableness of the compensation of the President; compensation for other officers are recommended by the President to the Board of Trustees. The University provides the necessary data including peer comparisons compiled from 990 tax return disclosures to the Committee and the Board in order for the review to take place each year. Members of the Committee, as well as any third party providing professional advice to the Committee, must be independent and have no conflicts of interest as to the compensation being reviewed, the officer who is being reviewed, or any products or services being considered. Such review includes a comparison of data as presented on the 990 tax return of comparable institutions, adjusted as appropriate for the New York metropolitan area and updated to the present year. Consideration is given to the breadth and complexity of programs, such as medical and law schools. The review also includes an assessment of the duties and responsibilities of each officer and the overall performance of each. From time to time, the University engages an outside consultant to review the comparables and to assist the Committee. The Committee reviews its recommendations with the Board of Trustees for final approval. The actions of the Committee and Board of Trustees are set forth in the minutes, including the information reviewed in determining comparability and the basis for determining that the compensation is reasonable. Form 990, Part VI, Line 12c The University's bylaws set forth a conflict of interest policy for Trustees prohibiting certain transactions and requiring disclosure of any conflict that might arise. Annually, all Trustees must complete and sign a compliance and disclosure statement which is reviewed and maintained as a matter of record by the University's General Counsel. Disclosures are brought to the attention of the Audit Committee of the Board of Trustees. In addition, there is a conflict of interest policy for all administrative employees and certain union employees prohibiting certain actions and requiring disclosure of any conflict that might arise. Annually, employees must complete and sign a compliance and disclosure statement which is reviewed and maintained as a matter of record by the Office of Human Resources. Any questionable activity is not permitted until the appropriate Vice President has determined that sufficient safeguards exist to fully protect the University's interests and the University's General Counsel has reviewed. Form 990, Part XI, Line 9 Other changes in net assets are made up of the following: Postretirement Changes other than net periodic benefit costs (1,365,239) Other components of net periodic benefit costs (50,555) --------------- $(1,415,794) Form 990, Part IV, Line 16 The University provided financial assistance of $6,688,608 to certain international students attending Hofstra. This assistance is included on Schedule I, Part III as Assistance to Individuals in the United States, as the students attended classes within the United States. All amounts provided are credited to the students US based Hofstra accounts. Form 990, Part VI, Line 19 As a private University, governing documents, conflict of interest policy and financial statements are not required to be made available to the public. However, the University Bylaws and the Conflict of Interest Policy are available on the University website. In addition, the University's Form 990 (which includes financial data) is made available upon request. Form 990 , Part VI, Line 4 The Bylaws of the University were last amended by the Board of Trustees on February 28, 2017, with minor updates. Form 990, Part IX, Line 24 Included in Part IX, Line 24, is $3,338,758, which was received pursuant to the Higher Education Emergency Relief Fund (HEERF) established under the CARES Act. This amount was provided to the University as a pass through to students for emergency financial grants. Community Legal Assistance Corporation 108 Hofstra University Hempstead NY 11549 112267282 Education NY 501(c)(3) 11(a) na true Charitable Remainder Unitrust (2) 128 Hofstra University Hempstead NY 11549 TRUST NY NA TRUST Charitable Remainder Annuity Trust (3) 128 Hofstra University Hempstead NY 11549 TRUST NY NA TRUST false false false false false false false false false false false false true true false false false false Community Legal Assistance Corporation N,O See Part VII Schedule R, Part V, Line 2 Related Tax Exempt Organizations In furtherance of Hofstra University's educational mission, the related entity has been formed pursuant to the Not-For-Profit Corporation Law of New York State. The related entity does not have separate facilities or employees and their activities are included in Hofstra University's financial statements. The related entity provides educational opportunities for law students and services for the underprivileged under the supervision of attorneys to the extent permitted under the New York Judiciary Law.