HOFSTRA UNIVERSITY: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- HOFSTRA UNIVERSITY (EIN 11-1630906)
- Tax period
- 2011-09-01 to 2012-08-31
- Filed
- 2013-07-08
- IRS object ID
- 201301899349300415
- Schema version
- 2011v1.5
- 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
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-07-08T09:26:05-05:00 | Timestamp |
| Tax Period End Date | 2012-08-31 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-09-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 111630906 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Hofstra University | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % CATHERINE HENNESSY VP FINANC | InCareOfName |
| Name Control | HOFS | NameControl |
| Phone | 5164636820 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 128 Hofstra University | AddressLine1 |
| Address Line2 | 100E Phillips Hall | AddressLine2 |
| City | Hempstead | City |
| State | NY | State |
| ZIP Code | 11549 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Catherine Hennessy | Name |
| Title | VP Financial Affairs & Treasurer | Title |
| Date Signed | 2013-07-02 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | STUART RABINOWITZ PRESIDENT | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Hofstra University | AddressLine1 |
| City | Hempstead | City |
| State | NY | State |
| ZIP Code | 11549 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 576400118 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.hofstra.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1935 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | INSTITUTION OF HIGHER LEARNING | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 27 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 27 | NbrIndependentVotingMembers |
| Total Nbr Employees | 6936 | TotalNbrEmployees |
| Total Nbr Volunteers | 150 | TotalNbrVolunteers |
| Total Gross UBI | 2088008 | TotalGrossUBI |
| Contributions Grants Prior Year | 35101082 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 28342305 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 391717518 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 412113820 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 23782470 | InvestmentIncomePriorYear |
| Investment Income Current Year | 12043097 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -28703 | OtherRevenuePriorYear |
| Other Revenue Current Year | 174308 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 450572367 | TotalRevenuePriorYear |
| Total Revenue Current Year | 452673530 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 74439806 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 87255830 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 241400342 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 247016407 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 4472873 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 99514714 | OtherExpensePriorYear |
| Other Expenses Current Year | 103043209 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 415354862 | TotalExpensesPriorYear |
| Total Expenses Current Year | 437315446 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 35217505 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 15358084 | RevenuesLessExpensesCY |
| Total Assets BOY | 792729810 | TotalAssetsBOY |
| Total Assets EOY | 842296165 | TotalAssetsEOY |
| Total Liabilities BOY | 354947059 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 379585905 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 437782751 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 462710260 | NetAssetsOrFundBalancesEOY |
| Mission Description | INSTITUTION OF HIGHER LEARNING | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 332158176 | Expense |
| Grants | 87255830 | Grants |
| Revenue | 372387364 | Revenue |
| Description | Instruction and related academic support, including research and public services, sponsored programs and scholarships and fellowships. (approximately 10,410 full-time equivalents) | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 41278816 | Expense |
| Revenue | 39726456 | Revenue |
| Description | Auxiliary enterprises, including residence halls and food service. (approximately 3,483 students in residence halls) | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 373436992 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | true | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | true | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | true | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | true | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | true | ForeignOffice |
| Foreign Activities | true | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | true | FundraisingActivities |
| Gaming | true | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | true | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 763 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 6936 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 27 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 27 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | CATHERINE HENNESSY VP FINANC | NamePerson |
| Telephone Number | 5164636820 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | HOFSTRA UNIVERSITY | AddressLine1 |
| City | Hempstead | City |
| State | NY | State |
| ZIP Code | 115491280 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (46 entries)
| TitleTitle | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Average Hours Per WeekAverageHoursPerWeek | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| Alan J Bernon | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Tejinder Bindra | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Mr Robert F Dall | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Mrs Helene Fortunoff | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Martin B Greenberg | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Mr Joseph M Gregory | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Dr Leo A Guthart | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Mr Peter S Kalikow | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Ms Abby Kenigsberg | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Arthur J Kremer Esq | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Mrs Karen L Lutz | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Mr David S Mack | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Janis M Meyer Esq | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Mr John D Miller | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Marilyn B Monter | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Ms Martha S Pope | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| James E Quinn | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Mr Edwin C Reed | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Robert Rosenthal | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Mr Frank G Zarb | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Donna M Mendes | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| George W Bilicic Jr | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Debra A Sandler | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Thomas J Sanzone | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Joseph Sparacio | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Peter G Schiff | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Steven J Freiberg | |||||||
| Trustee | X | 0 | 0 | 0 | |||
| Stuart Rabinowitz | |||||||
| President | X | 994710 | 0 | 59940 | 60.0 | X | |
| Colin Goddard | |||||||
| Trustee until October 2011 | X | ||||||
| M Patricia Adamski | |||||||
| Sr VP for Plan & Adm | 437384 | 0 | 59940 | 60.0 | X | ||
| Herman A Berliner | |||||||
| Provost and Sr VP | 412039 | 0 | 59940 | 60.0 | X | ||
| Melissa Connolly | |||||||
| VP Univ Relations | 260092 | 0 | 42158 | 60.0 | X | ||
| Dolores Fredrich | |||||||
| VP for Legal Affairs | 434715 | 0 | 45064 | 60.0 | X | ||
| Richard V Guardino Jr | |||||||
| VP Business Devel | 240446 | 0 | 27904 | 60.0 | X | ||
| Catherine Hennessy | |||||||
| VP Finance and Treas | 461863 | 0 | 50117 | 60.0 | X | ||
| Sandra Johnson | |||||||
| VP for Student Aff | 264717 | 0 | 23914 | 60.0 | X | ||
| Robert W Juckiewicz | |||||||
| VP for Info Tech | 304858 | 0 | 50117 | 60.0 | X | ||
| Alan Kelly | |||||||
| VP for Development | 277903 | 0 | 38134 | 60.0 | X | ||
| Joseph Barkwill | |||||||
| VP of Facilities | 253899 | 0 | 36001 | 60.0 | X | ||
| Jessica Eads | |||||||
| VP for Enrollment Management | 219829 | 0 | 41231 | 60.0 | X | ||
| Stephanie Bushey | |||||||
| VP for Inst Research & Assess | 157520 | 0 | 34639 | 60.0 | X | ||
| Lawrence Smith | |||||||
| Dean School of Medicine | 557147 | 0 | 23364 | 60.0 | X | ||
| Nora Demleitner | |||||||
| Dean School of Law | 384134 | 0 | 29489 | 60.0 | X | ||
| David Burghardt | |||||||
| Professor | 309668 | 0 | 57157 | 60.0 | X | ||
| Veronica Catanese | |||||||
| Professor | 316960 | 0 | 44542 | 60.0 | X | ||
| Patrick Socci | |||||||
| Dean School of Business | 324130 | 0 | 19538 | 60.0 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 6612014 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 743189 | TotalOtherCompensation |
| Number Individuals GT100 K | 488 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Structure Tone Inc | |||||
| 9th Floor 770 Broadway | NEW YORK | NY | 10003 | Construction | 1596789 |
| Lehr Construction | |||||
| 902 Broadway | NEW YORK | NY | 10010 | Construction | 1364177 |
| Veterans Transportation Co Inc | |||||
| PO Box 219 | VALLEY STREAM | NY | 11582 | Bus Service | 992919 |
| Emcor Service Gotham Air Conditio | |||||
| 24-37 46th Stree | LONG ISLAND CITY | NY | 11103 | HVAC INSTALL & SVCS | 688870 |
| Air Structures American Technologie | |||||
| 211 South Ridge Street 3rd Floor | RYE BROOK | NY | 10573 | Construction | 585823 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 68 | NumberOfContractorsGT100K |
| Fundraising Events | 1380323 | FundraisingEvents |
| Government Grants | 9238257 | GovernmentGrants |
| All Other Contributions | 17723725 | AllOtherContributions |
| Noncash Contributions | 610940 | NoncashContributions |
| Total Contributions | 28342305 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| TUITION & FEES | 611600 | 355798496 | 355798496 | |
| SALES& SVC AUX ENT | 812900 | 39726456 | 37632763 | 2093693 |
| SALES& SVC ED DPT | 900099 | 2570347 | 2570347 | |
| OTHER SOURCE ED SV | 900099 | 14018521 | 14018521 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 412113820 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 8507452 | TotalRevenueColumn |
| Unrelated Business Revenue | -5685 | UnrelatedBusinessRevenue |
| Exclusion | $8,513,137 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 750542 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 269059 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 481483 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 481483 | TotalRevenueColumn |
| Exclusion | $481,483 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 126367074 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 122831429 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 3535645 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3535645 | TotalRevenueColumn |
| Exclusion | $3,535,645 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 301644 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 1380323 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 612282 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -310638 | TotalRevenueColumn |
| Exclusion | -$310,638 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Gaming | 17281 | GrossIncomeGaming |
| Gaming Direct Expenses | 13818 | GamingDirectExpenses |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3463 | TotalRevenueColumn |
| Exclusion | $3,463 | ExclusionAmount |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 0 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 452673530 | TotalRevenueColumn |
| Related Or Exempt Function Income | 410020127 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 2088008 | UnrelatedBusinessRevenue |
| Exclusion | $12,223,090 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 87255830 | Total |
| Program Services | 87255830 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5509363 | Total |
| Program Services | 1153002 | ProgramServices |
| Management And General | 4027375 | ManagementAndGeneral |
| Fundraising | 328986 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 179068904 | Total |
| Program Services | 158432184 | ProgramServices |
| Management And General | 18668016 | ManagementAndGeneral |
| Fundraising | 1968704 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16160972 | Total |
| Program Services | 13893556 | ProgramServices |
| Management And General | 2063241 | ManagementAndGeneral |
| Fundraising | 204175 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 34271070 | Total |
| Program Services | 27535506 | ProgramServices |
| Management And General | 6253012 | ManagementAndGeneral |
| Fundraising | 482552 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12006098 | Total |
| Program Services | 10320158 | ProgramServices |
| Management And General | 1540069 | ManagementAndGeneral |
| Fundraising | 145871 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 873453 | Total |
| Program Services | 639 | ProgramServices |
| Management And General | 872814 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 235800 | Total |
| Management And General | 235800 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40301 | Total |
| Management And General | 40301 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2172810 | Total |
| Management And General | 2172810 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3890543 | Total |
| Program Services | 2963057 | ProgramServices |
| Management And General | 903581 | ManagementAndGeneral |
| Fundraising | 23905 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2791335 | Total |
| Program Services | 445882 | ProgramServices |
| Management And General | 2336108 | ManagementAndGeneral |
| Fundraising | 9345 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21251723 | Total |
| Program Services | 18831180 | ProgramServices |
| Management And General | 1838719 | ManagementAndGeneral |
| Fundraising | 581824 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7301382 | Total |
| Program Services | 4176655 | ProgramServices |
| Management And General | 3124706 | ManagementAndGeneral |
| Fundraising | 21 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11181320 | Total |
| Program Services | 10241907 | ProgramServices |
| Management And General | 915479 | ManagementAndGeneral |
| Fundraising | 23934 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13106428 | Total |
| Program Services | 11360857 | ProgramServices |
| Management And General | 1207294 | ManagementAndGeneral |
| Fundraising | 538277 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 329632 | Total |
| Program Services | 265048 | ProgramServices |
| Management And General | 63444 | ManagementAndGeneral |
| Fundraising | 1140 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7205870 | Total |
| Program Services | 6821443 | ProgramServices |
| Management And General | 384427 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17589681 | Total |
| Program Services | 13120142 | ProgramServices |
| Management And General | 4469539 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4462763 | Total |
| Program Services | 220109 | ProgramServices |
| Management And General | 4242654 | ManagementAndGeneral |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| BAD DEBT AND COLLECTION COST | 2463832 | 2306782 | 157050 | |
| CREDIT CARD FEES | 200076 | 200076 | ||
| OTHER MISC | 7946260 | 3892979 | 3889142 | 164139 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 437315446 | Total |
| Program Services | 373436992 | ProgramServices |
| Management And General | 59405581 | ManagementAndGeneral |
| Fundraising | 4472873 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 112741430 | BOY |
| EOY | 100858939 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28015385 | BOY |
| EOY | 18489562 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7410156 | BOY |
| EOY | 7048958 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4811681 | BOY |
| EOY | 5243388 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 272053 | BOY |
| EOY | 262188 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3573967 | BOY |
| EOY | 5736291 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 526683929 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 269801534 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 262531982 | BOY |
| EOY | 256882395 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 221559114 | BOY |
| EOY | 259783695 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 148283968 | BOY |
| EOY | 172232363 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3530074 | BOY |
| EOY | 15758386 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 792729810 | BOY |
| EOY | 842296165 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19715829 | BOY |
| EOY | 18221803 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 107096462 | BOY |
| EOY | 108417442 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 141519464 | BOY |
| EOY | 162098118 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2265012 | BOY |
| EOY | 1106395 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 84350292 | BOY |
| EOY | 89742147 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 354947059 | BOY |
| EOY | 379585905 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 266941862 | BOY |
| EOY | 286503621 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 72194174 | BOY |
| EOY | 66954072 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 98646715 | BOY |
| EOY | 109252567 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 437782751 | BOY |
| EOY | 462710260 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 792729810 | BOY |
| EOY | 842296165 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 15358084 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 9569425 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbying | |
| Total Direct Lobbying | TotalDirectLobbying | |
| Total Lobbying Expenditures | TotalLobbyingExpenditures | |
| Other Exempt Purpose Expenditures | OtherExemptPurposeExpenditures | |
| Total Exempt Purpose Expenditures | TotalExemptPurposeExpenditures | |
| Lobbying Nontaxable | LobbyingNontaxableAmount | |
| Grassroots Nontaxable | GrassrootsNontaxableAmount | |
| Tot Lobbying Grassroot Minus Non Tx | TotLobbyingGrassrootMinusNonTx | |
| Tot Lobby Expend Mns Lobbying Nontx | TotLobbyExpendMnsLobbyingNontx | |
| Volunteers | false | Volunteers |
| Paid Staff Or Management | true | PaidStaffOrManagement |
| Media Advertisements | false | MediaAdvertisements |
| Mailings Members | true | MailingsMembers |
| Publications Or Broadcast | false | PublicationsOrBroadcast |
| Grants Other Organizations | true | GrantsOtherOrganizations |
| Grants Other Organizations | $40,301 | GrantsOtherOrganizationsAmount |
| Direct Contact Legislators | true | DirectContactLegislators |
| Direct Contact Legislators | $9,362 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | true | RalliesDemonstrations |
| Other Activities | false | OtherActivities |
| Total Lobbying Expenditures IIB | 49663 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | false | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Lobbying Activity Explanation | SCHEDULE C, PART II-B, Item 1f | The University paid membership dues to the Commission on Independent Colleges and Universities (CICU). CICU has estimated that 7.34% of its operating budget relates to lobbying activities. For the year, the portion of the dues related to lobbying activities was $4,301. 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 $36,000 to a law firm to advise on NYS legislation and regulation and in addressing other state issues. |
| Direct Contact with Legislators | Schedule C, Part II-B, Item 1g | Represents salary allocations for Officers and direct lobbying expenses as reported to NY State for direct contact with NY State officials and their staff. |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Funds Held | 12 | NumberFundsHeld |
| Contrib To Funds And Other Accounts | 102325 | ContribToFundsAndOtherAccounts |
| Grants Funds And Other Accounts | 59438 | GrantsFundsAndOtherAccounts |
| Aggregate Fund Value | 962046 | AggregateFundValue |
| Disclosed Orgs Legal Control | true | DisclosedOrgsLegalControl |
| Disclosed For Charitable Purposes | true | DisclosedForCharitablePurposes |
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Solicited Assets For Sale | false | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 267162751 | BeginningOfYearBalance |
| Contributions | 40340425 | Contributions |
| Investment Earnings Or Losses | 24434066 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3853799 | GrantsOrScholarships |
| Other Expenditures | 7470907 | OtherExpenditures |
| Administrative Expenses | 2164798 | AdministrativeExpenses |
| End Of Year Balance | 318447738 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 237406746 | BeginningOfYearBalance |
| Contributions | 7987754 | Contributions |
| Investment Earnings Or Losses | 34727954 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3439431 | GrantsOrScholarships |
| Other Expenditures | 7533684 | OtherExpenditures |
| Administrative Expenses | 1986588 | AdministrativeExpenses |
| End Of Year Balance | 267162751 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 206571265 | BeginningOfYearBalance |
| Contributions | 22931193 | Contributions |
| Investment Earnings Or Losses | 19722698 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3267481 | GrantsOrScholarships |
| Other Expenditures | 6504413 | OtherExpenditures |
| Administrative Expenses | 2046516 | AdministrativeExpenses |
| End Of Year Balance | 237406746 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 224893981 | BeginningOfYearBalance |
| Contributions | 8344093 | Contributions |
| Investment Earnings Or Losses | -15513460 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 3413187 | GrantsOrScholarships |
| Other Expenditures | 6371501 | OtherExpenditures |
| Administrative Expenses | 1368661 | AdministrativeExpenses |
| End Of Year Balance | 206571265 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.51200 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.32600 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.16200 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 13307751 | OtherCostOrOtherBasis |
| Book Value | 13307751 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 393436592 | OtherCostOrOtherBasis |
| Depreciation | 176733875 | Depreciation |
| Book Value | 216702717 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 91134655 | OtherCostOrOtherBasis |
| Depreciation | 73928156 | Depreciation |
| Book Value | 17206499 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 28804931 | OtherCostOrOtherBasis |
| Depreciation | 19139503 | Depreciation |
| Book Value | 9665428 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 256882395 | TotalOfBookValueLandBuildings |
| Financial Derivatives | FinancialDerivatives | |
| Closely Held Equity Interests | CloselyHeldEquityInterests |
Other Securities OtherSecurities (7 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| ENDOWMENT-EQUITY FUND | 82560475 | F |
| ENDOWMENT-FIXED INCOME FUND | 21083011 | F |
| ENDOWMENT-HEDGE FDS/PRIV EQTY | 45760545 | F |
| ENDOW SPLIT INT-CASH&CASH EQUI | 35200 | F |
| OTHER-CASH&CASH EQUIV | 5674566 | F |
| ENDOWMENT - REAL ESTATE | 9687158 | F |
| ENDOWMENT - OTHER | 7431408 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 172232363 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| OTHER LIABILITIES | $10,462,429 |
| US GOVT GRANTS REFUNDABLE | $2,886,535 |
| LIABILITY FOR POSTRETIREMENT | $72,233,753 |
| ASSET RETIREMENT OBLIGATION | $4,159,430 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 89742147 | TotalOfAmounts |
| Total Revenue | 452673530 | TotalRevenue |
| Total Expenses | 437315446 | TotalExpenses |
| Excess Or Deficit For Year | 15358084 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 17581200 | NetUnrealizedGLOnInvestments |
| Other | -$8,011,775 | OtherAmount |
| Total Adjustments | 9569425 | TotalAdjustments |
| Excess Or Deficit Per FS | 24927509 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 381680468 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 17581200 | NetUnrealizedGainsInvestments |
| Other Revenues | 854378 | OtherRevenues |
| Revenue Not Rptd F990 | 18435578 | RevenueNotRptdF990 |
| Revenue Subtotal | 363244890 | RevenueSubtotal |
| Investment Expenses Not Included | 2172810 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 87255830 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 89428640 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 452673530 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 348741184 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 854378 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 854378 | ExpensesNotRptdF990 |
| Expenses Subtotal | 347886806 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 2172810 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 87255830 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 89428640 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 437315446 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (8 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Art Collection Footnote | 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. |
| Art Collection - Tax Exempt Purpose | Part III, Line 4 | The daily, annual and long-range operations of the Hofstra University Museum are consonant with the missions 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. |
| FIN 48 Footnote | Part X | 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, 2012 and 2011. Accordingly, no provision for income taxes has been reflected in the University's financial statements. |
| Other Changes to Net Assets | Part XI, Line 8 | Other changes to Net Assets include the following: Post Retirement Changes Other Than Net Periodic Benefit Costs (7,883,947) Reclassifications and other adjustments (127,828) ------------- (8,011,775) |
| Reconciliation of Revenue - Other | Part XII, Line 2d represent amounts included on Line 1, but not on Form 990, Part VIII, Line 12 and is made up of the following: Rental Expenses 228,278 Gaming Expenses 13,818 Fundraising Expenses 612,282 -------- Total 854,378 Part XII, Line 4b represent amounts included on Form 990, Part VIII, Line 12, but not on Line 1 and is made up of the following: Scholarships of $87,255,830 | |
| Reconciliation of Expenses - Other | Part XIII, Line 2d and Line 4b | Part XIII, Line 2d represent amounts included on Line 1, but not on Form 990, Part IX, Line 25 and is made up of the following: Rental Expenses 228,278 Gaming Expenses 13,818 Fundraising Expenses 612,282 -------- Total 854,378 Part XIII, Line 4b represent amounts included on Form 990, Part IX, Line 25, but not on Line 1 and is made up of the following: Scholarships of $87,255,830 |
| Donor Advised Funds or Other Similar Funds or Accounts | Part I | 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 12 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 12 funds is $962,046, representing 0.3% of the total endowment value at August 31, 2012. |
| Endowment Funds | Schedule D, Part V | The University endowment funds are used to support student scholarships, professorships, facilities and other programs. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Racially Nondiscriminatory Policy | Schedule E, Part I, Line 3 | The racially nondiscriminatory policy is publicized through recruitment publications, student bulletins and website. |
| Government Support | Schedule E, Part 1, Line 6 | The University received government support from Federal, New York State and local sources. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | false | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable (13 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| Europe (Including Iceland and Greenland) | 0 | 2 | Program Services | Study Abroad Program | 924211 |
| East Asia and the Pacific | 0 | 0 | Program Services | Study Abroad Program | 113946 |
| South America | 0 | 0 | Program Services | Study Abroad Program | 117787 |
| South Asia | 0 | 0 | Program Services | Study Abroad Program | 5555 |
| Central America and the Caribbean | 0 | 0 | Program Services | Study Abroad Program | 364943 |
| Central America and the Caribbean | 0 | 0 | Investments | 45848077 | |
| East Asia and the Pacific | 0 | 0 | Program Services | Recruitment | 23000 |
| Middle East and North Africa | 0 | 0 | Program Services | Recruitment | 5615 |
| South America | 0 | 0 | Program Services | Recruitment | 12084 |
| Sub-Saharan Africa | 0 | 0 | Program Services | Recruitment | 15703 |
| Central America and the Caribbean | 0 | 0 | Program Services | Recruitment | 1606 |
| East Asia and the Pacific | 0 | 0 | Program Services | Consulting Services | 9322 |
| Middle East and North Africa | 0 | 0 | Program Services | Consulting Services | 50833 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 2 | SubtotalNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 2 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 47492682 | SubtotalAmountSpent |
| Total Amount Spent | 47492682 | TotalAmountSpent |
| Transfer To Foreign Corp | true | TransferToForeignCorp |
| Interest In Foreign Trust | false | InterestInForeignTrust |
| Own Foreign Corp | false | OwnForeignCorp |
| Passive Foreign Invest Co | false | PassiveForeignInvestCo |
| Foreign Partnership | true | ForeignPartnership |
| Boycott Countries | false | BoycottCountries |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | 2012 Gala Ball | NameOfEvent1 |
| Gross Receipts Event1 | 628445 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 513845 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 114600 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 187891 | RentFacilityCostsEvent1 |
| Entertainment Event1 | 10350 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 25376 | OtherDirectExpensesEvent1 |
| Name Of Event2 | Law 40th Gala | NameOfEvent2 |
| Gross Receipts Event2 | 526898 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 475748 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 51150 | GrossRevenueEvent2 |
| Rent Facility Costs Event2 | 10000 | RentFacilityCostsEvent2 |
| Food And Beverage Event2 | 93991 | FoodAndBeverageEvent2 |
| Entertainment Event2 | 11000 | EntertainmentEvent2 |
| Other Direct Expenses Event2 | 48501 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 11 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 513479 | GrossReceiptsOtherEvents |
| Charitable Contrib Other Events | 384495 | CharitableContribOtherEvents |
| Gross Revenue Other Events | 128984 | GrossRevenueOtherEvents |
| Rent Facility Costs Other Events | 50495 | RentFacilityCostsOtherEvents |
| Food And Beverage Other Events | 132817 | FoodAndBeverageOtherEvents |
| Entertainment Other Events | 13863 | EntertainmentOtherEvents |
| Other Direct Expenses Other Events | 18751 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 1668822 | GrossReceiptsTotal |
| Charitable Contributions Total | 1374088 | CharitableContributionsTotal |
| Gross Revenue Total Events | 294734 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 248386 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 226808 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 35213 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 92628 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 603035 | DirectExpenseSummaryEvents |
| Net Income Summary | -308301 | NetIncomeSummary |
Gaming Information GamingInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Revenue Other Gaming | 17281 | GrossRevenueOtherGaming |
| Cash Prizes Other Gaming | 180 | CashPrizesOtherGaming |
| Non Cash Prizes Other Gaming | 13638 | NonCashPrizesOtherGaming |
| Volunteer Labor Other Gaming | false | VolunteerLaborOtherGaming |
| Gross Revenue Total Gaming | 17281 | GrossRevenueTotalGaming |
| Cash Prizes Total Gaming | 180 | CashPrizesTotalGaming |
| Non Cash Prizes Total Gaming | 13638 | NonCashPrizesTotalGaming |
| Direct Expense Summary Gaming | 13818 | DirectExpenseSummaryGaming |
| Net Gaming Income Summary | 3463 | NetGamingIncomeSummary |
| Field | Value | IRS element (for citing) |
|---|---|---|
| States Where Gaming Conducted | NY | StatesWhereGamingConducted |
| Licensed | true | Licensed |
| License Suspended Etc | false | LicenseSuspendedEtc |
| Gaming With Nonmembers | true | GamingWithNonmembers |
| Member Of Other Entity | false | MemberOfOtherEntity |
| Percentage Of Gaming Own Facility | 1.00000 | PercentageOfGamingOwnFacility |
| Percentage Of Gaming Othr Facility | 0.00000 | PercentageOfGamingOthrFacility |
| Name Of Gaming Rec Keeper Person | James Spero | NameOfGamingRecKeeperPerson |
Address Of Gaming Rec Keeper US AddressOfGamingRecKeeperUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 128 Hofstra University | AddressLine1 |
| City | Hempstead | City |
| State | NY | State |
| ZIP Code | 11549 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contract With3rd Party For Gam Rev | false | ContractWith3rdPartyForGamRev |
| Gaming Manager Name Person | NONE | GamingManagerNamePerson |
| Charitable Distrib Required | true | CharitableDistribRequired |
| Amount Distributed | 3463 | AmountDistributed |
Form990 Schedule G Part IV Form990ScheduleGPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Raffle Events | Identifier |
| Return Reference | Schedule G, Part III | ReturnReference |
| Explanation | Raffle events included prizes donated to the University which were not reported as gifts on the books of the University. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
| No Grant More Than5000 | X | NoGrantMoreThan5000 |
Form990 Schedule I Part III Form990ScheduleIPartIII (4 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Amount Of Non Cash AssistanceAmountOfNonCashAssistance | Method Of ValuationMethodOfValuation | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance |
|---|---|---|---|---|---|
| Total Student Financial Aid (See breakdown below) | |||||
| Athletic Student Financial Aid | 266 | 4775199 | 0 | NA | NA |
| Undergraduate Student Financial Aid | 4948 | 66552571 | 0 | NA | NA |
| Graduate Student Financial Aid | 1499 | 15928060 | 0 | NA | NA |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Grant Monitoring | Identifier |
| Return Reference | Schedule I, Part I, Item 2 | ReturnReference |
| Explanation | Externally Sponsored programs are assigned a specific number identifier code (Yund number). The use of a specific identifier code associated with the contract ensures that funds are not comingled. Contract specific budgets are established within this fund number and all transactions associated with the project require approvals prior to posting. Additionally, invoice billing (and receipt of revenue) is also processed according to agreement terms and conditions. Periodic reviews of the program status are also conducted, most often on a monthly basis but at minimum on an annual cycle. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (18 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stuart Rabinowitz | |||||||||||||
| 696083 | 0 | 50000 | 0 | 248627 | 0 | 37762 | 0 | 22178 | 0 | 1054650 | 0 | 0 | 0 |
| M Patricia Adamski | |||||||||||||
| 371346 | 0 | 15000 | 0 | 51038 | 0 | 37762 | 0 | 22178 | 0 | 497324 | 0 | 0 | 0 |
| Herman A Berliner | |||||||||||||
| 361867 | 0 | 5000 | 0 | 45172 | 0 | 37762 | 0 | 22178 | 0 | 471979 | 0 | 0 | 0 |
| Melissa Connolly | |||||||||||||
| 219000 | 0 | 30000 | 0 | 11092 | 0 | 25583 | 0 | 16575 | 0 | 302250 | 0 | 0 | 0 |
| Dolores Fredrich | |||||||||||||
| 371514 | 0 | 25000 | 0 | 38201 | 0 | 28489 | 0 | 16575 | 0 | 479779 | 0 | 0 | 0 |
| Richard V Guardino Jr | |||||||||||||
| 227319 | 0 | 0 | 0 | 13127 | 0 | 26904 | 0 | 1000 | 0 | 268350 | 0 | 0 | 0 |
| Catherine Hennessy | |||||||||||||
| 408727 | 0 | 15000 | 0 | 38136 | 0 | 28489 | 0 | 21628 | 0 | 511980 | 0 | 0 | 0 |
| Sandra Johnson | |||||||||||||
| 252889 | 0 | 0 | 0 | 11828 | 0 | 22364 | 0 | 1550 | 0 | 288631 | 0 | 0 | 0 |
| Robert W Juckiewicz | |||||||||||||
| 286261 | 0 | 0 | 0 | 18597 | 0 | 28489 | 0 | 21628 | 0 | 354975 | 0 | 0 | 0 |
| Alan Kelly | |||||||||||||
| 269964 | 0 | 0 | 0 | 7939 | 0 | 23392 | 0 | 14742 | 0 | 316037 | 0 | 0 | 0 |
| Joseph Barkwill | |||||||||||||
| 229363 | 0 | 15000 | 0 | 9536 | 0 | 21259 | 0 | 14742 | 0 | 289900 | 0 | 0 | 0 |
| Jessica Eads | |||||||||||||
| 205150 | 0 | 0 | 0 | 14679 | 0 | 24664 | 0 | 16567 | 0 | 261060 | 0 | 0 | 0 |
| Lawrence Smith | |||||||||||||
| 527978 | 0 | 0 | 0 | 29169 | 0 | 22364 | 0 | 1000 | 0 | 580511 | 0 | 0 | 0 |
| Nora Demleitner | |||||||||||||
| 353565 | 0 | 0 | 0 | 30569 | 0 | 28489 | 0 | 1000 | 0 | 413623 | 0 | 0 | 0 |
| David Burghardt | |||||||||||||
| 190535 | 0 | 0 | 0 | 119133 | 0 | 33257 | 0 | 23900 | 0 | 366825 | 0 | 0 | 0 |
| Veronica Catanese | |||||||||||||
| 309266 | 0 | 0 | 0 | 7694 | 0 | 22364 | 0 | 22178 | 0 | 361502 | 0 | 0 | 0 |
| Stephanie Bushey | |||||||||||||
| 153636 | 0 | 0 | 0 | 3884 | 0 | 18137 | 0 | 16502 | 0 | 192159 | 0 | 0 | 0 |
| Patrick Socci | |||||||||||||
| 298071 | 0 | 0 | 0 | 26059 | 0 | 13114 | 0 | 6424 | 0 | 343668 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Officer Compensation | Part I, Line 1a | All items identified on Line 1a are included as compensation on both the employee's W2 and on Form 990, Schedule J. |
| Payment or Reimbursement | Part I, Line 1b | Payment or reimbursement is pursuant to a written agreement. |
| Compensation - Part II, Items C and D | 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 group pension plan, with rates 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. All group benefits apply equally to all employees. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (3 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| Town of Hempstead IDA Series 2003 | |||||||
| 113237317 | 424674CD9 | 2003-12-19 | 41462492 | Construction & Renovation of Facil | false | false | false |
| Town of Hempstead IDA Series 2007 | |||||||
| 113237317 | 424674DM8 | 2007-05-17 | 25515700 | Construction & Renovation of Facil | false | false | false |
| Town of Hempstead LDC Series 2011 | |||||||
| 112798949 | 424682CZ3 | 2011-12-20 | 75541215 | Refinance of 1998 bonds & Renovati | false | false | false |
Form990 Schedule K Part II Form990ScheduleKPartII (3 entries)
| Amount RetiredAmountRetired | Amount Bond DefeasedAmountBondDefeased | Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Capitalized InterestCapitalizedInterest | Refunding EscrowRefundingEscrow | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Credit EnhancementCreditEnhancement | Working Capital ExpendituresWorkingCapitalExpenditures | Capital ExpendituresCapitalExpenditures | Other Spent ProceedsOtherSpentProceeds | Amount UnspentAmountUnspent | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 900000 | 0 | 43972744 | 0 | 5027194 | 0 | 814001 | 0 | 0 | 38131550 | 0 | 0 | 2006 | false | false | true | true |
| 1000000 | 0 | 26134282 | 0 | 52167 | 0 | 605000 | 0 | 0 | 25468348 | 0 | 0 | 2008 | false | false | true | true |
| 0 | 0 | 75551845 | 0 | 0 | 0 | 808398 | 0 | 0 | 10585035 | 52231322 | 11962435 | 2014 | true | false | false | true |
Form990 Schedule K Part III Form990ScheduleKPartIII (3 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Engage Bond Counsel ContractsEngageBondCounselContracts | Any Research AgreementsAnyResearchAgreements | Engage Bond Counsel ResearchEngageBondCounselResearch | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|---|---|
| false | false | true | false | false | false | 0.00100 | 0.00100 | 0.00200 | true |
| false | false | false | false | false | false | 0.00000 | 0.00000 | 0.00000 | true |
| false | false | true | false | false | false | 0.00000 | 0.00900 | 0.00900 | true |
Form990 Schedule K Part IV Form990ScheduleKPartIV (3 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Business Name Line1NameOfGICProvider/BusinessNameLine1 | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|---|
| 0 | ||||||
| false | false | false | false | 0 | false | false |
| 0 | ||||||
| false | false | false | false | 0 | false | false |
| 0 | ||||||
| false | false | false | false | 0 | false | false |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fed Tax Requirements Compliance | X | FedTaxRequirementsCompliance |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 32 | NumberOfContributions |
| Method Of Determining Revenues | NA | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest |
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Method Of Determining Revenues | NA | MethodOfDeterminingRevenues |
Clothing And Household Goods ClothingAndHouseholdGoods
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Method Of Determining Revenues | NA | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cars And Other Vehicles | CarsAndOtherVehicles | |
| Boats And Planes | BoatsAndPlanes | |
| Intellectual Property | IntellectualProperty |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 15 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 596196 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV of stocks | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStock | |
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther | |
| Real Estate Residential | RealEstateResidential | |
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther | |
| Collectibles | Collectibles |
Food Inventory FoodInventory
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 4 | NumberOfContributions |
| Method Of Determining Revenues | NA | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts |
Other Non Cash Contributions Table OtherNonCashContributionsTable (4 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | Event Supplies | 4 | 0 | NA |
| X | Gift Card/Certificate | 80 | 0 | NA |
| X | Tickets | 10 | 0 | NA |
| X | Equipment | 2 | 0 | NA |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 2 | NumberOf8283Received |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | true | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Stock Sales | Schedule M, Part I, Line 32a | The University utilizes the services of a third party broker to process stock gift sales. |
| Noncash Gifts | Schedule M, Part I, Line 33 | 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. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Current Officer, Directors, Trustees, and Key Employees | Form 990, Part VI, Section A, Question 2 | As per statements filed annually with the University, 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. Former Officer, Directors, Trustees, and Key Employees Form 990, Schedule J. The University contributes to retiree health benefits for former employees, including former officers. |
| Checklist of Required Schedules | 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. |
| Review of Form 990 | Form 990, Part VI, Line 11 | Form 990 is prepared by the University, and reviewed by an outside tax consultant. The VP for Financial Affairs and Treasurer also reviews the return with the President, Senior VP for Planning and the VP 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. |
| Compensation Process | 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 thoroughly the compensation of the President and officers and other key employees. The Committee assesses and approves the reasonableness of the compensation of the President; other officers are recommended by the President to the Board of Trustees. General Counsel is responsible for providing the necessary data 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 parties 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 in its deliberations. 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. |
| Conflict of Interest Policy | 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. Any disclosure or matter in violation of the policy is brought to the attention of the Board of Trustees. In addition, there is a conflict of interest policy for all administrative 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. |
| Reconciliation of Net Assets | Form 990, Part XI, Line 5 | Other changes in net assets are made up of the following: Unrealized Gains on Investments $17,581,200 Postretirement Changes other than net periodic benefit costs (7,883,947) Reclassifications and other adjustments (127,828) ------------ $9,569,425 |
Schedule R IRS990ScheduleR
Form990 Schedule R Part IV Form990ScheduleRPartIV (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Type Of EntityTypeOfEntity |
|---|---|---|---|---|---|---|---|
| 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 |
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