2015-06-23T11:02:24-05:00 2014-08-31 KPMG LLP 345 Park Avenue New York NY 101540102 990 2013-09-01 111633516 LONG ISLAND UNIVERSITY % MARK SCHMOTZER LONG 5162992535 700 NORTHERN BLVD Suite BROOKVILLE NY 115481326 CHRISTOPHER R FEVOLA VP FOR FINANCE, TREASURER 5162992535 2015-06-18 true KPMG LLP P01249521 5162992535 2013 2016-02-25 16:41:14Z Dr Kimberly Cline 700 Northern Blvd Brookville NY 11548 508184312 false X www.liu.edu X 1926 NY THROUGH ITS MISSION OF ACCESS AND EXCELLENCE, EDUCATING AND EMPOWERING STUDENTS TO REALIZE THEIR FULL POTENTIAL. FOR MORE INFORMATION, SEE SCHEDULE O 30 29 6951 42 -31057 -32307 33370528 18257282 472625830 481387526 1375753 2240640 -110448 -233679 507261663 501651769 103883255 104553253 0 0 256028872 244383822 228379 71946 2565829 116180014 111285604 476320520 460294625 30941143 41357144 565292501 593150804 322608091 302144858 242684410 291005946 X LONG ISLAND UNIVERSITY WAS FOUNDED ON THE PRINCIPLE OF EDUCATING AND EMPOWERING MEN AND WOMEN FROM ALL WALKS OF LIFE. FOR FULL MISSION STATEMENT, SEE SCHEDULE O. false false 321092838 104553253 453679980 INSTRUCTION, ACADEMIC SUPPORT, AND INSTITUTIONAL SUPPORT - THE UNIVERSITY OFFERS BOTH CREDIT AND NONCREDIT COURSES FOR ACADEMIC AND VOCATIONAL INSTRUCTION. THE UNIVERSITY OFFERS 518 DEGREE AND CERTIFICATE PROGRAMS TO OVER 23,000 STUDENTS, AND EMPLOYS CLOSE TO 600 FULL-TIME FACULTY OVER SIX CAMPUSES. ACTIVITIES IN THIS CATEGORY ALSO INCLUDE SUPPORT SERVICES SUCH AS LIBRARIES, EDUCATIONAL MEDIA SERVICES, ACADEMIC COMPUTING SUPPORT, ACADEMIC ADMINISTRATION, ETC. THE UNIVERSITY'S LIBRARIES HOUSE APPROXIMATELY 2.6 MILLION PRINT BOOKS AND SHARE OVER 90,000 ONLINE JOURNALS, MORE THAN 200 ONLINE DATABASES AND 120,000 ELECTRONIC BOOKS. 79930955 27491687 STUDENT SERVICES AND AUXILIARY ENTERPRISES - REPRESENTS THE ACTIVITIES THAT CONTRIBUTE TO STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT OUTSIDE THE CONTEXT OF THE FORMAL INSTRUCTION PROGRAM. ACTIVITIES IN THIS CATEGORY INCLUDE EXPENSES FOR RESIDENCE HALLS, STUDENT ACTIVITIES, CULTURAL EVENTS, STUDENT NEWSPAPERS, INTRAMURAL ATHLETICS, STUDENT ORGANIZATIONS, INTERCOLLEGIATE ATHLETICS, COUNSELING AND CAREER GUIDANCE, STUDENT AID ADMINISTRATION AND STUDENT HEALTH SERVICE. APPROXIMATELY 2,345 STUDENTS RESIDE IN THE DORMS. 4899300 215859 RESEARCH AND PUBLIC SERVICE - REPRESENTS ACTIVITIES SPECIFICALLY ORGANIZED TO PRODUCE RESEARCH, WHETHER COMMISSIONED BY AN AGENCY EXTERNAL TO THE INSTITUTION OR SEPARATELY BUDGETED BY AN ORGANIZATIONAL UNIT WITHIN THE INSTITUTION. THIS CATEGORY ALSO INCLUDES ACTIVITIES ESTABLISHED PRIMARILY TO PROVIDE NON-INSTRUCTIONAL SERVICES BENEFICIAL TO INDIVIDUALS AND GROUPS EXTERNAL TO THE INSTITUTION. THESE ACTIVITIES INCLUDE COMMUNITY SERVICE PROGRAMS. 405923093 true true false true false false false true false true true true false false true true true false true true true false false true true false false false true true true false false false false false false false false true false true false false false false false false false false true 570 0 true 6951 true false false false false false true true false false false false X 30 29 false false false false false false false true true false false true true true true true true true true false NY X MARK SCHMOTZER 5162992535 700 NORTHERN BLVD BROOKVILLE NY 11548 LINDA E AMPER TRUSTEE 1.0 0.0 X 0 0 0 RAO SUBBA ANUMOLU TRUSTEE 1.0 0.0 X 0 0 0 ROGER L BAHNIK TRUSTEE 1.0 0.0 X 0 0 0 STANLEY F BARSHAY TRUSTEE 2.0 0.0 X 0 0 0 MARK A BOYAR TRUSTEE 1.0 0.0 X 0 0 0 JOHN R BRANSFIELD JR TRUSTEE (THRU 1/14) 1.0 0.0 X 0 0 0 MICHAEL DEVINE TRUSTEE 2.0 0.0 X 0 0 0 MICHAEL N EMMERMAN TRUSTEE 3.0 0.0 X 0 0 0 DANIEL B FISHER TRUSTEE 2.0 0.0 X 0 0 0 PETER W GIBSON TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL P GUTNICK TRUSTEE 3.0 0.0 X 0 0 0 STEVEN S HORNSTEIN TRUSTEE 1.0 0.0 X 0 0 0 ALFRED R KAHN TRUSTEE 2.0 0.0 X 0 0 0 SHIRLEY STRUM KENNY TRUSTEE (thru 6/14) 2.0 0.0 X 0 0 0 ERIC KRASNOFF TRUSTEE (CHAIRMAN BEG 1/14) 5.0 0.0 X 0 0 0 STEVEN J KUMBLE SECRETARY 4.0 0.0 X 0 0 0 LEON LACHMAN CHANCELLOR-COL OF PHARM 3.0 0.0 X 0 0 0 BRIAN K LAND TRUSTEE 2.0 0.0 X 0 0 0 HOWARD M LORBER TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL MELNICKE TRUSTEE 1.0 0.0 X 0 0 0 THERESA MALL MULLARKEY CHANCELLOR-POST 3.0 0.0 X 0 0 0 SALVATORE NARO TRUSTEE 1.0 0.0 X 0 0 0 RICHARD P NESPOLA TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM R NUTI TRUSTEE 1.0 0.0 X 0 0 0 JOEL PRESS CHANCELLOR-BROOKLYN 3.0 0.0 X 0 0 0 THOMAS L PULLING SENIOR VICE CHAIR 4.0 0.0 X 0 0 0 ROSSANA ROSADO TRUSTEE (thru 1/14) 1.0 0.0 X 0 0 0 DANIEL SIMMONS TRUSTEE 1.0 0.0 X 0 0 0 HARVEY SIMPSON TRUSTEE 2.0 0.0 X 0 0 0 MARTIN L SPERBER TRUSTEE (thru 10/13) 1.0 0.0 X 0 0 0 SHARON STERNHEIM TRUSTEE 1.0 0.0 X 0 0 0 RONALD J SYLVESTRI CHANCELLOR-HUDSON 3.0 0.0 X 0 0 0 EDWARD TRAVAGLIANTI CHAIRMAN (thru 1/14) 5.0 0.0 X 0 0 0 ROSALIND WALTER TRUSTEE (thru 10/13) 1.0 0.0 X 0 0 0 CHARLES M ZEGAR TRUSTEE 1.0 0.0 X 0 0 0 DR KIMBERLY CLINE PRESIDENT 40.0 0.0 X X 476232 0 120286 BASHAR BAROUDI VP INFO TECH (THRU 1/14) 40.0 0.0 X 293293 0 64391 Christopher Fevola VP and Chief Financial Officer 40.0 0.0 X 256595 0 69290 GALE STEVENS HAYNES COO & UNIVERSITY COUNSEL 40.0 0.0 X 358001 0 42436 JEFFREY KANE VP ACADEMIC AFFAIRS 40.0 0.0 X 324102 0 64251 ANTHONY CUTIE DIRECTOR-DIV OF PHARMACY 40.0 0.0 X 264839 0 47347 DONNA DOLINSKY PROFESSOR OF PHARMACY-RETIRED 40.0 0.0 X 241983 0 2969 HARVEY KUSHNER PROF-CRIMINAL JUSTICE 40.0 0.0 X 351991 0 38277 ANDREW ROSMAN DEAN - COLLEGE OF MGMT 40.0 0.0 X 250143 0 28663 MARK SCHMOTZER Assoc VP, Finance & Controller 40.0 0.0 X 242133 0 46470 ROBERT ALTHOLZ VP FINANCE & TREASURER 40.0 0.0 X 287785 0 52985 PAUL FORESTELL PROVOST LIU POST 40.0 0.0 X 231723 0 63430 LYNETTE PHILLIPS VP LEGAL SVC & UNIV COUNSEL 40.0 0.0 X 317017 0 30351 DANIEL RODAS VICE PRESIDENT PLANNING/HR 40.0 0.0 X 207383 0 30408 DAVID J STEINBERG PRESIDENT (THRU 06/13) 40.0 0.0 X 506232 0 94784 4609452 0 796338 437 true true false ARAMARK 1101 MARKET STREET ARAMARK TOWER PHILADELPHIA PA 19107 Food & Catering svcs 9273637 DOUGHERTY CLIFFORD WADSWORTH CORP 895 MARCONI AVENUE RONKONKOMA NY 11779 Advertising 1007143 THE NEW SEMINARY 1492 E 12TH STREET BROOKLYN NY 11230 EDUC SUPPORT SVCS 956667 PI MECHANICAL CORP 338 37TH STREET BROOKLYN NY 11232 HVAC CONTRACTOR 892328 GLOBAL ENDOWMENT MANAGEMENT 550 S TYRON STREET SUITE 3500 CHARLOTTE NC 28202 INVESTMENT MANAGER 873851 40 1778212 11204661 5274409 97976 18257282 Tuition & Fees 900099 442725763 442725763 SALES AND SVCS OF AUXILIARY ENTERPRISES 900099 27491687 27491687 Concert Theatre 900099 3885575 3885575 COMMISSIONS 900099 1102121 1102121 University Fees 900099 828113 828113 5354267 5354267 481387526 1752966 -31057 1784023 5742 5742 0 269525 305523 -35998 0 -35998 -35998 5830206 5348274 481932 481932 481932 681065 1778212 878746 -197681 -197681 0 0 0 501651769 481387526 -31057 2038018 0 104553253 104553253 0 0 2632393 389701 2242692 674141 674141 173819036 154014544 18264796 1539696 11706676 10241297 1341106 124273 43325662 37098036 5779672 447954 12225914 10425179 1675075 125660 0 167241 167241 713361 713361 64426 64426 71946 71946 873581 873581 7736509 6473924 1262585 3080751 459542 2612587 8622 7645691 3677522 3901027 67142 5140377 3357743 1722773 59861 0 27061896 25224168 1809573 28155 4402978 4312596 87837 2545 0 921566 815045 101979 4542 5523125 5249529 260463 13133 0 17135499 16350927 746912 37660 1027674 832837 194680 157 Bad debts 7379832 7379832 Food service 10774871 10413108 355201 6562 BOOKS & SUBSCRIPTIONS 1923237 1906716 16521 SUPPLIES & MINOR EQUIPMENT 1572574 1424931 147643 8140415 7963928 148566 27921 460294625 405923093 51805703 2565829 0 0 117238107 129137944 13260277 11173510 15910879 15214433 0 0 0 0 15196437 16536867 0 0 3140059 4299156 546932493 241133586 310625055 305798907 2016826 2041439 77269442 98258080 0 0 0 0 10635419 10690468 565292501 593150804 16170822 14700457 13005305 13088441 90194761 72716979 126079118 122040469 0 0 0 0 546305 118549 0 0 76611780 79479963 322608091 302144858 X 173984366 214476084 13976471 19206460 54723573 57323402 242684410 291005946 565292501 593150804 X 41357144 12210358 -5245966 X false true X true true true X 18465052 25660925 17251567 33370528 18257282 113005354 0 0 18465052 25660925 17251567 33370528 18257282 113005354 7570528 105434826 1837208 1615412 1097937 1889438 2028233 8468228 0 0 121473582 2284057302 0.86796 0.86850 X FORM 990, SCHEDULE A, PART II PUBLIC SUPPORT LONG ISLAND UNIVERSITY IS A SCHOOL DESCRIBED IN SECTION 170(B)(1)(A)(II) AND COMPLETES SCHEDULE A, PART II TO DEMONSTRATE THAT IT MEETS THE 33 1/3 % SUPPORT TEST OF THE REGULATIONS UNDER SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 148270 false true 3563 151833 false LOBBYING EXPENSES FORM 990, SCHEDULE C, PART II-B, LINE 1G GIVEN THE IMPACT OF HIGHER EDUCATION FUNDING AND REGULATIONS, IT IS VITAL FOR LONG ISLAND UNIVERSITY TO BE WELL-REPRESENTED IN WASHINGTON, DC, OUR STATE CAPITAL IN ALBANY, NY AND IN CITY HALL. AS PART OF A LARGER COMMUNITY OF HIGHER EDUCATION INSTITUTIONS, LONG ISLAND UNIVERSITY ACTIVELY ADVOCATES FOR INCREASED STUDENT FINANCIAL AID, RESEARCH FUNDING, ECONOMIC DEVELOPMENT AID AND FOR SPECIFIC PROGRAMS THAT ASSIST OUR NEIGHBORING COMMUNITIES. WE OCCASIONALLY ENGAGE THE EXPERTISE OF OUR INTERNAL STAKEHOLDERS - OUR WORLD-CLASS FACULTY, PROFESSIONAL ADMINISTRATORS, UNIVERSITY OFFICERS AND THE LEADERSHIP OF OUR TRUSTEES, TO ASSIST WITH OUR ADVOCACY EFFORTS. LONG ISLAND UNIVERSITY'S GOVERNMENT RELATIONS EFFORTS HAVE HELPED SECURE MILLIONS OF DOLLARS IN PUBLIC SUPPORT FOR A WIDE RANGE OF UNIVERSITY PROGRAMS INCLUDING THE LIU HOMELAND SECURITY MANAGEMENT INSTITUTE, THE LIU BROOKLYN BRENDA PILLORS ASTHMA EDUCATION PROGRAM, THE LIU POST GROW YOUR OWN TEACHER PROGRAM, THE TILLES CENTER FOR THE PERFORMING ARTS, THE LIU BROOKLYN WELLNESS, RECREATION AND ATHLETIC CENTER AND MANY OTHER ENDEAVORS THAT SERVE OUR COMMUNITY, OUR STUDENTS, OUR STATE AND OUR NATION. FORM 990, SCHEDULE C, PART II-B, LINE 1I LONG ISLAND UNIVERSITY PAYS MEMBERSHIP DUES TO THE COMMISSION ON INDEPENDENT COLLEGES AND UNIVERSITIES. $3,563 IS THE PORTION OF DUES PAID TO CICU ATTRIBUTABLE TO LOBBYING. X X false 94265599 2797840 12872023 367189 2464491 107103782 82442726 6828806 7999612 330258 2675287 94265599 81103213 2897826 1830794 415244 2973863 82442726 77008980 3697897 3751862 333358 3022168 81103213 75358131 2391041 2680122 343611 3076703 77008980 0.37785 0.53209 0.09006 false false 16084041 16084041 442387441 195120485 247266956 19132006 6843220 12288786 47330458 39169881 8160577 21998547 21998547 305798907 HEDGE FUNDS 431237 F REAL ESTATE 3331618 F MULTI-STRATEGY INVESTMENTS 94495225 F 98258080 0 POST RETIREMENT BENEFITS 42958082 EARLY RETIREMENT PLAN 4314214 AGENCY FUNDS 532970 CHAR GIFT ANNUITY PAYABLE 1218790 EST SELF-INSURANCE LIABILITY 6887904 ASSET RETIREMENT OBLIGATION 6671000 INTEREST RATE SWAP 16897003 79479963 X 404373596 12210358 -109799219 -97588861 501962457 873581 -1184269 -310688 501651769 356052060 1184269 1184269 354867791 873581 104553253 105426834 460294625 COLLECTION OF ART AND HISTORICAL TREASURES FORM 990, SCHEDULE D, PART III, line 4 LONG ISLAND UNIVERSITY HAS COLLECTIONS OF ART, HISTORICAL TREASURES, AND OTHER SIMILAR ASSETS HELD FOR RESEARCH, EDUCATION, AND PUBLIC EXHIBITION IN FURTHERANCE OF PUBLIC SERVICE WHICH ARE MAINTAINED UNDER CURATORIAL CARE. IN ACCORDANCE WITH ASC 958, THE UNIVERSITY DOES NOT CAPITALIZE ITS COLLECTIONS. INTENDED USE OF ENDOWMENT FUNDS FORM 990, SCHEDULE D, PART V, LINE 4 ENDOWMENT FUND REVENUE IS USED FOR GENERAL OPERATING SUPPORT UNLESS IT IS RESTRICTED BY THE DONOR FOR A SPECIFIC PURPOSE. UNCERTAIN TAX POSITIONS FORM 990, SCHEDULE D, PART X, LINE 2 THE UNIVERSITY HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE AND IS CONSIDERED EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT FOR ANY UNRELATED BUSINESS INCOME ACTIVITIES. NO PROVISION FOR INCOME TAXES HAS BEEN MADE AS THE UNIVERSITY HAS NOT REPORTED ANY TAXABLE UNRELATED BUSINESS INCOME. THE UNIVERSITY EVALUATES, ON AN ANNUAL BASIS, THE EFFECTS OF ANY UNCERTAIN TAX POSITIONS ON ITS FINANCIAL STATEMENTS USING A THRESHOLD OF MORE LIKELY THAN NOT. AS OF AUGUST 31, 2014, and 2013, THE UNIVERSITY HAS NOT IDENTIFIED OR PROVIDED FOR ANY SUCH POSITIONS. RECONCILIATION OF REVENUE PER AUDITED FINANCIALS WITH REVENUE PER RETURN FORM 990, SCHEDULE D, PART XI, LINE 2D CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS............$ 72,024 POSTRETIREMENT CHANGES .................................$ (1,807,996) CHANGE IN FMV OF INTEREST RATE SWAP AGREEMENTS .........$ (3,498,273) OTHER NONOPERATING CHANGE IN NET ASSETS.................$ (6,721) RECLASS OF SCHOLARSHIP EXPENSES.........................$(104,553,253) PROVISION FOR UNCOLLECTIBLE CONTRIBUTIONS RECEIVABLE....$ (5,000) --------------- $(109,799,219) RECONCILIATION OF REVENUE PER AUDITED FINANCIALS WITH REVENUE PER RETURN FORM 990, SCHEDULE D, PART XI, LINE 4B RECLASS OF SPECIAL EVENT EXPENSES .....................$ (878,746) RECLASS OF RENTAL EXPENSES ............................$ (305,523) ------------- $ (1,184,269) RECONCILIATION OF EXPENSES PER AUDITED FINANCIALS WITH EXPENSES PER RETURN FORM 990, SCHEDULE D, PART XII, LINE 2D RECLASS OF SPECIAL EVENT EXPENSES .....................$ 878,746 RECLASS OF RENTAL EXPENSES ............................$ 305,523 --------------- $ 1,184,269 RECONCILIATION OF EXPENSES PER AUDITED FINANCIALS WITH EXPENSES PER RETURN FORM 990, SCHEDULE D, PART XII, LINE 4B RECLASS OF SCHOLARSHIP EXPENSES.........................$ 104,553,253 true true true true true true true false false false false false false false false true false true RACIALLY NONDISCRIMINATION POLICY FORM 990, SCHEDULE E THE FOLLOWING POLICY APPEARS ON LONG ISLAND UNIVERSITY'S WEBSITE AND UNIVERSITY BULLETINS: LONG ISLAND UNIVERSITY IS COMMITTED TO MAINTAINING A LEARNING AND WORKING ENVIRONMENT THAT IS FREE OF BIAS, PREJUDICE, DISCRIMINATION AND HARASSMENT AND AN ENVIRONMENT THAT SUPPORTS, NURTURES, AND REWARDS CAREER AND EDUCATIONAL ADVANCEMENT PURELY ON THE BASIS OF ABILITY AND PERFORMANCE. DISCRIMINATION OR HARASSMENT BASED UPON RACE, COLOR, RELIGION, SEXUAL ORIENTATION, GENDER AND /OR GENDER IDENTITY OR EXPRESSION, MARITAL OR PARENTAL STATUS, NATIONAL ORIGIN, ETHNICITY, CITIZENSHIP STATUS, VETERAN OR MILITARY STATUS, AGE, DISABILITY OR ANY OTHER LEGALLY PROTECTED BASIS IS PROHIBITED BY LAW AND UNDERMINES THE CHARACTER AND PURPOSE OF THE UNIVERSITY. SUCH DISCRIMINATION OR HARASSMENT IS ILLEGAL, AGAINST UNIVERSITY POLICY, AND WILL NOT BE TOLERATED. THIS POLICY COVERS ALL MEMBERS OF THE UNIVERSITY COMMUNITY-STUDENTS, FACULTY AND STAFF-AS WELL AS THOSE WHO INTERACT WITH MEMBERS OF THE UNIVERSITY COMMUNITY SUCH AS VENDORS OR VISITORS. THE UNIVERSITY ENCOURAGES EVERYONE TO REPORT ALL INCIDENTS OF DISCRIMINATION OR HARASSMENT, REGARDLESS OF WHO THE OFFENDER MAY BE. GOVERNMENT GRANTS FORM 990, SCHEDULE E, LINE 6A THE UNIVERSITY RECEIVES GRANTS FROM THE FOLLOWING GOVERNMENT AGENCIES TO SUPPORT ITS OPERATIONS: Federal Aid: United States Department of Education United States Department of Health and Human Services National Science Foundation National Aeronautics and Space Administration National Endowment for the Humanities NEW YORK STATE AID: NEW YORK STATE HIGHER EDUCATION SERVICES CORPORATION Central America and the Caribbean 1 16 Program Services Academic Instruction 590035 South Asia 1 8 Program Services Academic Instruction 152159 Sub-Saharan Africa 1 2 Program Services Academic Instruction 95372 Europe 1 1 Program Services Academic Instruction 2700 East Asia and the Pacific 2 14 Program Services Academic Instruction 903292 Central America and the Caribbean 0 0 Investments 4068914 6 41 6 41 5812472 5812472 true false true true true true METHOD USED TO ACCOUNT FOR EXPENDITURES FORM 990, SCHEDULE F, PART I EXPENDITURES ON PART I, LINE 3, COLUMN F ARE REPORTED ON AN ACCRUAL BASIS. X X X X X X X true Harvest FRC Inc SEE PART IV Consultant false 66000 -66000 Charitybuzz Inc SEE PART IV Online Auct false 29730 5946 23784 29730 71946 -42216 LIU Gala 601010 549460 51550 104657 1555 Tilles Gala 593474 356808 236666 1492 60950 150000 35380 8 1264793 871944 392849 227867 114120 102500 80225 2459277 1778212 681065 334016 175070 252500 117160 878746 -197681 FUNDRAISER ADDRESS FORM 990, SCHEDULE G, PART I, LINE 2B Harvest FRC, Inc. 82 Colonial Drive Newtown, PA 18940 Charity Buzz, Inc. 437 5th Avenue 11th Floor New York, NY 10016 true SCHOLARSHIPS 10912 104553253 BOOK Tuition Credit GRANT MONITORING FORM 990, SCHEDULE I, PART I, LINE 2 LONG ISLAND UNIVERSITY OFFERS A NUMBER OF INSTITUTIONAL GRANTS AND SCHOLARSHIPS TO QUALIFYING STUDENTS ENROLLED IN BOTH DEGREE AND NON-DEGREE PROGRAMS. EACH GRANT OR OTHER FORMS OF ASSISTANCE HAVE SPECIFIC AWARDING CRITERIA AND INDIVIDUAL RULES FOR SELECTION BASED ON MERIT, NEED, AND/OR PERFORMANCE. THESE REQUIREMENTS ARE PUBLISHED EACH YEAR AND ARE ADMINISTERED BY THE CAMPUS FINANCIAL AID OFFICES WHICH ARE ALSO RESPONSIBLE FOR AWARDING AND POSTING TRANSACTIONS TO INDIVIDUAL STUDENT ACCOUNTS. THE DISBURSAL OF FUNDS IS SEGREGATED AND PERFORMED BY THE CENTRAL FINANCIAL AID OFFICE OF THE UNIVERSITY. IN ADDITION, INTERNAL CONTROLS ARE IN PLACE TO ENSURE AMOUNTS ARE AWARDED ACCURATELY TO STUDENTS WHO PROPERLY MEET AND MAINTAIN ELIGIBILITY CRITERIA. ACCOUNTING TRANSACTIONS ARE ROUTINELY RECONCILED THROUGH THE UNIVERSITY'S ERP SYSTEM AND STUDENT ACCOUNTS ARE CONSISTENTLY MONITORED BY ADMINISTRATIVE STAFF. X true true X X X X true true false false false false false false false ROBERT ALTHOLZ VP FINANCE & TREASURER 284238 0 0 0 3547 0 28050 0 24935 0 340770 0 0 0 BASHAR BAROUDI VP INFO TECH (THRU 1/14) 293293 0 0 0 0 0 28050 0 36341 0 357684 0 0 0 ANTHONY CUTIE DIRECTOR-DIV OF PHARMACY 259013 0 0 0 5826 0 18148 0 29199 0 312186 0 0 0 DONNA DOLINSKY PROFESSOR OF PHARMACY-RETIRED 6658 0 0 0 235325 0 0 0 2969 0 244952 0 0 0 Christopher Fevola VP and Chief Financial Officer 256595 0 0 0 0 0 28050 0 41240 0 325885 0 0 0 PAUL FORESTELL PROVOST LIU POST 227300 0 0 0 4423 0 24804 0 38626 0 295153 0 0 0 GALE STEVENS HAYNES COO & UNIVERSITY COUNSEL 353832 0 0 0 4169 0 28050 0 14386 0 400437 0 0 0 JEFFREY KANE VP ACADEMIC AFFAIRS 318576 0 0 0 5526 0 28050 0 36201 0 388353 0 0 0 HARVEY KUSHNER PROF-CRIMINAL JUSTICE 347778 0 0 0 4213 0 13624 0 24653 0 390268 0 0 0 LYNETTE PHILLIPS VP LEGAL SVC & UNIV COUNSEL 310820 0 0 0 6197 0 21872 0 8479 0 347368 0 0 0 DANIEL RODAS VICE PRESIDENT PLANNING/HR 207383 0 0 0 0 0 21970 0 8438 0 237791 0 0 0 ANDREW ROSMAN DEAN - COLLEGE OF MGMT 241352 0 0 0 8791 0 26576 0 2087 0 278806 0 0 0 MARK SCHMOTZER Assoc VP, Finance & Controller 242133 0 0 0 0 0 26613 0 19857 0 288603 0 0 0 DAVID J STEINBERG PRESIDENT (THRU 06/13) 484530 0 0 0 21702 0 28050 0 66734 0 601016 0 0 0 DR KIMBERLY CLINE PRESIDENT 471412 0 0 0 4820 0 78050 0 42236 0 596518 0 0 0 FORM 990, SCHEDULE J, PART I, LINE 1A AND PART II COMPENSATION DETAILS AND NON-TAXABLE BENEFITS SCHEDULE J, PART II, COLUMN D, INCLUDES NON-TAXABLE HOUSING BENEFIT OF $39,635, $27,084 AND $26,423 FOR DR. STEINBERG, PAUL FORESTELL, AND DR KIMBERLY CLINE RESPECTIVELY. ALL THREE ARE REQUIRED TO RESIDE ON THE UNIVERSITY'S CAMPUS AS A CONDITION OF THEIR EMPLOYMENT. FORM 990, SCHEDULE J, PART I, LINE 4A SEVERANCE PAYMENT Compensation amounts reported on Schedule J, Part II, Column B (iii), for Donna Dolinsky in the amount of $235,325, includes amounts paid as part of a voluntary early retirement incentive program. FORM 990, SCHEDULE J, PART 1, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN IN CALENDAR YEAR 2013, DR. KIMBERLY CLINE PARTICIPATED IN A IRC SEC. 457(F) PLAN AND RECEIVED A NON-VESTED DEFERRAL IN THE AMOUNT OF $50,000. A DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 649905PQ3 2010-09-23 30000000 REFUND PRIOR BONDS ISSUED FOR CONS false false false B DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 649905PQ3 2009-09-01 35395000 REFUND PRIOR BONDS ISSUED FOR CONS false false false C DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 6499062J2 2012-10-17 62736138 REFUND VARIOUS BONDS OF ISSUER false false false A 1050000 0 30000000 0 0 0 0 0 0 0 30000000 0 2010 true false true true B 1370000 0 35395000 0 0 0 0 0 0 0 35395000 0 2010 true false true true C 2950000 0 62769825 5175926 0 0 1251649 0 0 0 56342250 0 true true true true A false true true true false 0.00100 0.00100 false false true B false true true true false 0.00100 0.00100 false false true C false true true true false 0 false false true A false true true false true false 0 false 0 false true B false true true false true false 0 false 0 false true C false true true false false false 0 false 0 false true A true B true C true FORM 990, SCHEDULE K ROW A: PART I, (F): BONDS REFUNDED THE ISSUER'S INSURED REVENUE BONDS, SERIES 2006A ISSUED ON NOVEMBER 9, 2006. PART III, LINE 2: THE BORROWER HAS ENTERED INTO VARIOUS ARRANGEMENTS WHICH ARE RELATED TO ITS EXEMPT PURPOSES AND WHICH SATISFY THE 50-DAY RULE REQUIREMENTS OF SECTION 1.141-3(D)(3)(II) OF THE TREASURY REGULATIONS. Part III, Line 7: As provided in Treasury Regulation Section 1.141-4(c)(2)(i)(B), the amount of private payments taken into account under the private payment test may not exceed the amount of private business use and/or unrelated trade or business use. Accordingly, the amount of private payments for the reporting period does not exceed the amount stated in Part III, line 6. The organization has not undertaken an analysis of the private security test with respect to the bonds, as the level of private business use and/or unrelated trade or business reported in Part III, line 6, is not in excess of amounts permitted under Section 145 of the Code. ROW B: PART I, (F): BONDS REFUNDED THE ISSUER'S INSURED REVENUE BONDS, SERIES 2006A ISSUED ON NOVEMBER 9, 2006. PART III, LINE 2: THE BORROWER HAS ENTERED INTO VARIOUS ARRANGEMENTS WHICH ARE RELATED TO ITS EXEMPT PURPOSES AND WHICH SATISFY THE 50-DAY RULE REQUIREMENTS OF SECTION 1.141-3(D)(3)(II) OF THE TREASURY REGULATIONS. Part III, Line 7: As provided in Treasury Regulation Section 1.141-4(c)(2)(i)(B), the amount of private payments taken into account under the private payment test may not exceed the amount of private business use and/or unrelated trade or business use. Accordingly, the amount of private payments for the reporting period does not exceed the amount stated in Part III, line 6. The organization has not undertaken an analysis of the private security test with respect to the bonds, as the level of private business use and/or unrelated trade or business reported in Part III, line 6, is not in excess of amounts permitted under Section 145 of the Code. ROW C: Difference between Part I(e) and Part II, line 3 is interest earnings. Part I (f): The Bonds refunded the Issuer's Series 1999 Bonds (issued on June 10, 1999), Series 2003A Bonds (issued on January 23, 2003), and Series 2003B Bonds (issued on August 31, 2003). PART III, LINE 2: THE BORROWER HAS ENTERED INTO VARIOUS ARRANGEMENTS WHICH ARE RELATED TO ITS EXEMPT PURPOSES AND WHICH SATISFY THE 50-DAY RULE REQUIREMENTS OF SECTION 1.141-3(D)(3)(II) OF THE TREASURY REGULATIONS. Part III, Line 7: As provided in Treasury Regulation Section 1.141-4(c)(2)(i)(B), the amount of private payments taken into account under the private payment test may not exceed the amount of private business use and/or unrelated trade or business use. Accordingly, the amount of private payments for the reporting period does not exceed the amount stated in Part III, line 6. The organization has not undertaken an analysis of the private security test with respect to the bonds, as the level of private business use and/or unrelated trade or business reported in Part III, line 6, is not in excess of amounts permitted under Section 145 of the Code. PIA STEVENS HAYNES FAMILY MEMBER - SEE PT V 125411 EMPLOYEE OF UNIVERSITY false OKARITA STEVENS FAMILY MEMBER - SEE PT V 144845 EMPLOYEE OF UNIVERSITY false BRAD COHEN FAMILY MEMBER - SEE PT V 221854 EMPLOYEE OF UNIVERSITY false NANCY MARKSBURY FAMILY MEMBER - SEE PT V 121821 EMPLOYEE OF UNIVERSITY false Michael Fevola FAMILY MEMBER - SEE PT V 60210 EMPLOYEE OF UNIVERSITY false BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS FORM 990, SCHEDULE L, PART IV GALE STEVENS HAYNES GALE STEVENS HAYNES IS AN OFFICER OF THE UNIVERSITY AND HAS THREE FAMILY MEMBERS WHO ARE EMPLOYEES OF THE UNIVERSITY: *PIA STEVENS HAYNES - DAUGHTER *OKARITA STEVENS - SISTER-IN-LAW *BRAD COHEN - SON-IN-LAW PAUL FORESTELL PAUL FORESTELL IS A FORMER OFFICER OF THE UNIVERSITY AND HIS SPOUSE, NANCY MARKSBURY, IS AN EMPLOYEE OF THE UNIVERSITY. CHRISTOPHER FEVOLA CHRISTOPHER FEVOLA IS AN OFFICER OF THE UNIVERSITY AND HIS BROTHER, MICHAEL FEVOLA, IS AN EMPLOYEE OF THE UNIVERSITY. X 10 97976 FMV 1 false true false NUMBER OF CONTRIBUTIONS SCHEDULE M, PART I, COLUMN (B) THE AMOUNT IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. ORGANIZATION'S MISSION FORM 990, PART I, LINE 1 BRIEF DESCRIPTION OF ORGANIZATION'S MISSION THROUGH ITS MISSION OF ACCESS AND EXCELLENCE, EDUCATING AND EMPOWERING STUDENTS TO REALIZE THEIR FULL POTENTIAL AS ETHICALLY GROUNDED, INTELLECTUALLY VIGOROUS AND SOCIALLY RESPONSIBLE GLOBAL CITIZENS. FORM 990, PART III, LINE 1 MISSION: ACCESS AND EXCELLENCE LONG ISLAND UNIVERSITY WAS FOUNDED ON THE PRINCIPLE OF EDUCATING AND EMPOWERING MEN AND WOMEN FROM ALL WALKS OF LIFE. THROUGH OUR MISSION OF ACCESS AND EXCELLENCE, THE LIU COMMUNITY REMAINS COMMITTED, ABOVE ALL ELSE TO THE EDUCATIONAL NEEDS AND INTERESTS OF OUR DIVERSE STUDENT BODY. WE STRIVE TO CULTIVATE AND EXPAND ACADEMIC, PROFESSIONAL, ARTISTIC AND CO-CURRICULAR OPPORTUNITIES, ENABLING STUDENTS TO REALIZE THEIR FULL POTENTIAL AS ETHICALLY GROUNDED, INTELLECTUALLY VIGOROUS AND SOCIALLY RESPONSIBLE GLOBAL CITIZENS. FORM 990 REVIEW FORM 990, PART VI, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM (KPMG) BASED ON INFORMATION PROVIDED BY THE BUSINESS AND FINANCE DIVISION OF THE UNIVERSITY. THE AUDIT COMMITTEE THEN REVIEWS THE FORM 990 IN A MEETING ATTENDED BY COMMITTEE MEMBERS, MANAGEMENT AND THE INDEPENDENT ACCOUNTANTS. A COPY OF THE FINAL FORM 990 IS PROVIDED TO THE EACH MEMBER OF THE BOARD OF TRUSTEES PRIOR TO FILING THE RETURN WITH THE IRS. THE AUDIT COMMITTEE CHAIR, CHIEF FINANCIAL OFFICER AND THE INDEPENDENT ACCOUNTANTS ARE AVAILABLE TO THE BOARD FOR QUESTIONS. CONFLICT OF INTEREST POLICY FORM 990, PART VI, LINE 12C ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES ANNUALLY COMPLETE A QUESTIONNAIRE TO DISCLOSE POTENTIAL CONFLICTS. THE QUESTIONNAIRE INCLUDES KEY DEFINITIONS AND EXAMPLES. IN ADDITION, THE CONFLICT OF INTEREST POLICY IS ANNUALLY REVIEWED WITH OFFICERS, DIRECTORS AND KEY EMPLOYEES AND THE SAME ARE REGULARLY REMINDED TO DISCLOSE ANY CHANGES. FOR ALL ACTUAL OR POTENTIAL CONFLICTS THAT ARE IDENTIFIED BY MANAGEMENT, THE AFFECTED PERSON IS ASKED TO RECUSE HIMSELF OR HERSELF FROM ALL DELIBERATIONS, TRANSACTIONS, NEGOTIATIONS AND OTHER MATTERS RELATING TO ANY SUCH INTEREST. NEW OFFICERS, DIRECTORS AND KEY EMPLOYEES UNDERGO AN ORIENTATION WHICH INCLUDES A REVIEW OF THE CONFLICT OF INTEREST POLICY. OFFICER COMPENSATION REVIEW FORM 990, PART VI, LINE 15 A/B COMPENSATION FOR THE UNIVERSITY PRESIDENT AND OTHER UNIVERSITY OFFICERS IS ESTABLISHED BY A PROCESS THAT INCLUDES THE USE OF COMPARABILITY DATA, REVIEW AND APPROVAL BY THE COMPENSATION COMMITTEE OF THE UNIVERSITY'S BOARD OF TRUSTEES, AND CONTEMPORANEOUS RECORDKEEPING OF DELIBERATIONS AND DECISIONS. THE COMPENSATION COMMITTEE CONSISTS OF THE CHAIR OF THE BOARD OF TRUSTEES, THE SECRETARY AND THE UNIVERSITY CHANCELLORS. THE PRESIDENT DOES NOT PARTICIPATE IN THE SETTING/REVIEW OF HER COMPENSATION AND ALL DECISIONS ARE MADE BY INDEPENDENT PERSONS WITHOUT A CONFLICT OF INTEREST WITH RESPECT TO COMPENSATION ARRANGEMENTS. DOCUMENT REVIEW POLICY FORM 990, PART VI, LINE 19 LONG ISLAND UNIVERSITY PUBLISHES AN ANNUAL REPORT TO THE COMMUNITY WHICH INCLUDES FINANCIAL STATEMENT HIGHLIGHTS. THIS REPORT IS AVAILABLE ON THE UNIVERSITY'S WEB SITE. THE UNIVERSITY'S CONFLICT OF INTEREST POLICY, AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE TO THE GENERAL PUBLIC ON REQUEST. THE 990 IS ALSO AVAILABLE AT WWW.GUIDESTAR.ORG. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 POSTRETIREMENT CHANGES ....................................$ (1,807,996) CHANGE IN FMV OF INTEREST RATE SWAP AGREEMENTS ............$ (3,498,273) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS ..............$ 72,024 PROVISION FOR UNCOLLECTIBLE CONTRIBUTIONS RECEIVABLE.......$ (5,000) Other nonoperating change in net assets....................$ (6,721) -------------- $ (5,245,966)