2013-07-05T14:20:40-05:00 2012-08-31 GRANT THORNTON LLP 666 THIRD AVENUE NEW YORK NY 100174029 990 2011-09-01 111630741 ADELPHI UNIVERSITY % ROBERT DECARLO ADEL 5168773184 1 SOUTH AVENUE GARDEN CITY NY 115300701 TIMOTHY P BURTON 2013-07-01 2125429609 2011 2016-02-24 21:20:13Z ROBERT A SCOTT SOUTH AVENUE GARDEN CITY NY 11530 271354108 false X WWW.ADELPHI.EDU X 1896 NY THE UNIVERSITY'S MISSION IS TO PROVIDE QUALITY UNDERGRADUATE&GRADUATE EDUCATION & TO OFFER PROFESSIONAL PREPARATION IN ARTS, EDUCATION, BUSINESS, PSYCHOLOGY, SOCIAL WORK, NURSING AND OTHER HEALTH SCIENCES. 24 23 4401 0 37080 -8890 7118265 11536269 205331894 215337969 9717048 6519079 687265 844718 222854472 234238035 35820683 40192862 0 0 117605554 123323995 110755 167150 2571728 50805145 53527409 204342137 217211416 18512335 17026619 372945895 391861683 140689950 136235101 232255945 255626582 ADELPHI UNIVERSITY COMPRISES A LIBERAL ARTS COLLEGE AND A CLUSTER OF PROFESSIONAL SCHOOLS THAT HAVE GROWN UP IN CLOSE RELATIONSHIP TO THE NEEDS OF THE REGION. OUR MISSION IS TO PROVIDE QUALITY UNDERGRADUATE AND GRADUATE EDUCATION AND TO OFFER PROFESSIONAL PREPARATION OF THE FIRST RANK IN ARTS, EDUCATION, BUSINESS, CLINICAL PSYCHOLOGY, SOCIAL WORK, NURSING, AND OTHER HEALTH SCIENCES. THE UNIVERSITY PREPARES A BROAD SPECTRUM OF GRADUATES AND UNDERGRADUATES FOR A WIDE RANGE OF LIFE PURSUITS WHILE FOSTERING A PASSION FOR KNOWLEDGE; AN UNDERSTANDING AND A QUESTIONING OF CULTURAL VALUES; AND A VIEW OF THEMSELVES AS INDEPENDENT, LIFE LONG LEARNERS, AND CONTRIBUTORS TO KNOWLEDGE AND SERVICE IN AN EVER-CHANGING WORLD. ADELPHI UNIVERSITY IS COMMITTED TO PROVIDE A HIGH-QUALITY EDUCATION FOR ALL OF ITS STUDENTS: FOR UNDERGRADUATES AND GRADUATES, FOR THOSE COMING DIRECTLY FROM HIGH SCHOOLS, AND FOR THOSE WHO TRANSFER FROM COMMUNITY AND OTHER COLLEGES, FOR THOSE STUDYING LIBERAL ARTS AND SCIENCES, F false false 169141878 40192862 198154138 Instruction and related academic support and student services - The University provides a high-quality education for all of its undergraduate and graduate students. The average annualized student enrollment for fiscal 2011-12 was 6,788 full-time equivalent students, comprised of 4,523 undergraduate and 2,265 graduate/Postbaccalaureate full-time equivalent students. Students come from diverse backgrounds and are not only from the New York area, but are recruited nationally and internationally as well. The University's colleges and schools include the College of Arts and Sciences; the Gordon F. Derner Institute of Advanced Psychological Services; the Honors College; the School of Business; Ruth S. Ammon School of Education; School of Nursing; School of Social Work and University College. Students also have accessibility to student counseling, career counseling, financial aid, mentoring and other services and programs offered by the University. 14325426 14427652 Residential housing and auxiliary enterprises - The University offers student housing in seven residence halls on the Garden City, New York campus, offering a variety of residential options to its students. In 2011-12 there were 1,245 students residing in the University's residence halls. 5998029 2752354 Public Service - The University has extensive community health and human services outreach programs including the Hy Weinberg Center for Communication Disorders, the Center for Psychological Services, the Adelphi New York Statewide Breast Cancer Support Hotline as well as other community service programs. The University's students may often participate in these programs that are offered to the campus community as well as surrounding communities. 189465333 true true false true false false false true false true true false false false false true false true true false 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 true false false false false false true 15455 0 true 4401 true true true false false false false true true false false false false X 24 23 false false false false false false false true true false false true true true true true true true true false X ROBERT DECARLO 5168773184 1 SOUTH AVENUE GARDEN CITY NY 115300701 FRANK ANGELLO 3.0 X 0 0 0 JEFFREY BOLTON 3.0 X 0 0 0 MICHAEL CAMPBELL 3.0 X 0 0 0 ROBERT G DARLING 3.0 X 0 0 0 JOAN S GIRGUS 3.0 X 0 0 0 JEFFREY GREENE 3.0 X 0 0 0 JOHN GUTLEBER 3.0 X 0 0 0 NOREEN HARRINGTON 3.0 X 0 0 0 OSBERT HOOD 3.0 X 0 0 0 N GERRY HOUSE 3.0 X 0 0 0 ANGELA JAGGAR 3.0 X 0 0 0 LAURENCE KESSLER 3.0 X 0 0 0 LINDSEY KUPFERMAN 3.0 X 0 0 0 RONALD LEE 3.0 X 0 0 0 GERALD MAHONEY 3.0 X 0 0 0 THOMAS F MOTAMED 3.0 X 0 0 0 GRACE PILCER 3.0 X 0 0 0 LEON POLLACK 3.0 X 0 0 0 GARY ROSENBERG 3.0 X 0 0 0 CHRISTOPHER SARIDAKIS 3.0 X 0 0 0 LOIS C SCHLISSEL 3.0 X 0 0 0 PATRICK SMALLEY 3.0 X 0 0 0 HELENE SULLIVAN 3.0 X 0 0 0 MARJORIE WEINBERG-BERMAN 3.0 X 0 0 0 ROBERT WILLUMSTAD 3.0 X 0 0 0 BARRY T ZEMAN 3.0 X 0 0 0 ROBERT A SCOTT 65.0 X X 512798 0 111889 ANGELO B PROTO 50.0 X 304806 0 28193 TIMOTHY P BURTON 50.0 X 304259 0 48596 GAYLE D INSLER 50.0 X 296955 0 29693 CHRISTIAN VAUPEL 50.0 X 220764 0 44416 LORI A DUGGAN GOLD 50.0 X 190467 0 49394 RAKESH GUPTA 50.0 X 236655 0 70574 PATRICK R COONAN 50.0 X 232793 0 45457 ANDREW W SAFYER 50.0 X 219262 0 47879 ROBERT DECARLO 50.0 X 187864 0 37360 JANE ASHDOWN 50.0 X 180748 0 35775 BENJAMIN S WEEKS 40.0 X 210051 0 48117 ROBERT D JONES 40.0 X 194538 0 11583 JACK P CHEN 40.0 X 187410 0 52190 RICHARD K GARNER 40.0 X 185443 0 31131 JANE H WHITE 40.0 X 175106 0 27112 RONALD S FEINGOLD 40.0 X 152150 0 24873 STEVEN J RUBIN 40.0 X 143883 0 28804 4135952 0 773036 174 true true false Damon G Douglas Company 245 BIRCHWOOD AVE/ PO BOX 1030 CRANFORD NJ 07016 Construction 8054988 Lackmann Culinary Services 303 CROSSWAYS PARK DRIVE WOODBURY NY 11797 Food Service 4762451 CM CONTRACTING LLC 759 CHIEF JUSTICE CUSHING HWY UNIT COHASSET MA 02025 CONTRACTOR 1817297 INTELLI-TEC 2000 SHAMES DRIVE WESTBURY NY 11590 Contractor 659387 PRATT BROTHERS INC 45 SOUTH 4TH STREET BAYSHORE NY 11706 CONTRACTOR 466827 27 136287 3476270 7923712 132296 11536269 TUITION AND FEES 900099 198154138 198154138 SALES&SERVICES-EDUCATIONAL DEPTS 611710 2752354 2752354 STUDENT SUPPORT 721310 14431477 14427652 3825 215337969 4286620 4286620 36 36 10000 10000 541999 61915 480084 0 480084 480084 38980595 80527 36809350 19349 2171245 61178 2232423 2232423 546838 136287 225459 321379 321379 0 0 FACILITY FEES 713940 33255 33255 33255 234238035 215334144 37080 7330542 0 40192862 40192862 0 0 3699532 1663279 1763182 273071 99749 93102 6647 92287484 81415265 9630006 1242213 6260155 5450650 737324 72181 14143562 11727133 2210432 205997 6833513 5835864 899182 98467 0 298014 43486 252203 2325 337091 337091 82407 82407 167150 167150 245856 245856 2748293 1808957 920693 18643 2583122 446152 2132908 4062 10464227 8585952 1572032 306243 1888175 1483523 404649 3 0 9143758 8718154 415152 10452 2136053 1735706 308720 91627 0 1477216 1091834 308026 77356 4195614 3981711 213903 0 8157419 7520473 636946 1122255 1062939 57585 1731 ASSISTANTSHIP/TUIT REMISSION 5501932 5451856 50016 60 PROVISION-DOUBTUL ACCOUNTS 1364633 1364633 COLLECTION COSTS 188819 15 188804 OTHER 1592525 1156420 435958 147 217211416 189465333 25174355 2571728 2550 2550 14306652 11808551 5339041 6280079 1453239 1730104 0 0 0 0 0 0 0 0 4515159 4426992 308045162 112482870 199469764 195562292 133503843 156274414 7157157 8211913 5534355 5831510 0 0 1664135 1733278 372945895 391861683 18121976 15726417 4998334 5114452 23611313 25248015 93958327 90146217 0 0 0 0 0 0 0 0 0 0 140689950 136235101 X 199797319 215715802 12605399 15977841 19853227 23932939 232255945 255626582 372945895 391861683 X 17026619 6344018 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 82407 false false 82407 false SCHEDULE C, PART II-B, LINE 1G LOBBYING ADELPHI UNIVERSITY HAS ENGAGED THE FIRM, DAVIDOFF, HUTCHER AND CITRON TO ASSIST WITH ITS STRATEGIC PLANNING GOAL AND TO FORMULATE A PLAN IN THIS REGARD. THE IMPLEMENTATION OF THIS PLAN INCLUDES THE FINAL PREPARATION OF SUPPORTING DOCUMENTATION; THE PREPARATION OF TESTIMONY BEFORE RELEVANT COMMITTEES OF THE NEW YORK STATE LEGISLATURE; THE DEVELOPMENT OF LEGISLATIVE STRATEGIES CONCERNING THE INITIATIVE; AND THE DEVELOPMENT OF MEETINGS WITH MEMBERS OF THE NEW YORK STATE LEGISLATURE. IN ADDITION, THE FIRM PROVIDES STRATEGIC COUNSELING AND SERVES AS LIAISON TO APPROPRIATE GOVERNMENT AGENCIES AS NECESSARY, REPORTING ON GOVERNMENT PROGRAMS RELEVANT TO THE INITIATIVES AND OTHER POSSIBLE AREAS OF INTEREST TO ADELPHI UNIVERSITY. DURING FISCAL YEAR 2011-12, THE UNIVERSITY PAID $79,737 TO THE FIRM, DAVIDOFF, HUTCHER AND CITRON. IN ADDITION, THE UNIVERSITY PAID $36,382 TO THE COMMISSION ON INDEPENDENT COLLEGES AND UNIVERSITIES OF WHICH $2,670 IS ATTRIBUTABLE TO LOBBYING. X false 121107043 5113468 10751785 547322 307995 136116979 105999399 3584357 12202854 456198 223369 121107043 96823763 4196535 5604280 312208 312971 105999399 104837450 3846233 -10889920 615599 354401 96823763 0.76280 0.17510 0.06210 false false 2158865 2158865 264274502 81342204 182932298 1926253 1298287 627966 39685542 29842379 9843163 195562292 0 0 234238035 217211416 17026619 6507563 -163545 6344018 23370637 200339201 6507563 61915 6569478 193769723 180607 40287705 40468312 234238035 176805019 61915 61915 176743104 180607 40287705 40468312 217211416 Schedule D, Part III, Line 1a and 4 Collections of Art The University maintains an inventory of works of art. The works of art are primarily comprised of paintings and sculptures and are displayed throughout the campus. Under the provisions of SFAS 116, the University is not required to and does not report these items in its financial statements. Schedule D, Part X, Line 2 Uncertain Tax Provisions Under "FIN 48" (ACS 740) "The University follows ASC 740-10 which clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a return, including issues relating to financial statement recognition and measurement. This section provides that the tax effects from an uncertain tax position can be recognized in the financial statement only if the position is "more likely than not" to be sustained if the position were challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. The University is exempt from federal income taxation by virtue of being an organization described in Section 501(c)(3) of the Internal Revenue Code. Nevertheless, the University may be subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code. The tax years ended August 31, 2009, 2010, 2011 and 2012 are still open to audit for both federal and state purposes. Management has determined that there are no material uncertain tax positions within its consolidated financial statements." Schedule D, Part XII & Part XIII, Lines 2d Reconciliation of Revenue & Expenses Per 990 to Financial Statements RENT EXPENSE TOTALING $61,915 IS INCLUDED ON THE 990, PART VIII, LINE 6B. RENT EXPENSE IS INCLUDED WITH EXPENDITURES IN THE FINANCIAL STATEMENTS AND IS SHOWN NET WITH REVENUE ON THE 990. SCHEDULE D, PARTS XII AND XIII, LINES 4B Reconciliation of Revenue & Expenses per 990 to Financial Statements PROFESSIONAL FUNDRAISING FEES (SHOWN NET ON FINANCIAL STATEMENTS) TOTALING $94,843 AND SCHOLARSHIPS (SHOWN NET ON FINANCIAL STATEMENTS) TOTALING $40,192,862. SCHEDULE D, PART V, LINE 4 PURPOSE OF ENDOWMENT FUNDS THE UNIVERSITY'S ENDOWMENT IS AN AGGREGATION OF GIFTS PROVIDED BY DONORS WITH THE REQUIREMENT THEY BE HELD IN PERPETUITY TO GENERATE EARNINGS NOW AND IN FUTURE YEARS TO SUPPORT THE UNIVERSITY'S PROGRAMS OF INSTRUCTION, RESEARCH AND PUBLIC SERVICE, AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENT. EARNINGS FROM ENDOWMENT INVESTMENTS SUPPORT SCHOLARSHIPS, CHAIRS, PROFESSORSHIPS, FELLOWSHIPS, BASIC RESEARCH AS WELL AS ACADEMIC AND PUBLIC SERVICE PROGRAMS. Schedule D, Part XI, Line 8 RECONCILIATION OF CHANGE IN NET ASSETS FROM 990 TO FINANCIAL STATEMENTS Other changes in net assets totaling $163,545 is a reduction in net assets for postretirement changes other than net periodic benefit costs. true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 PUBLICIZED RACIALLY NONDISCRIMINATORY POLICY THIS POLICY IS PUBLICIZED IN PRINTED MEDIA WITH NEWSPAPER ADVERTISEMENTS AS WELL AS IN THE COURSE REGISTRATION GUIDES. SCHEDULE E, PART I, LINE 6A UNIVERSITY'S RECEIPT OF FUNDS FROM GOVERNMENT AGENCIES THE UNIVERSITY RECEIVES FUNDS FROM VARIOUS FEDERAL, STATE AND LOCAL GOVERNMENT AGENCIES FOR STUDENT FINANCIAL ASSISTANCE, HEALTH AND HUMAN SERVICES AND RESEARCH AND DEVELOPMENT GRANTS. Central America and the Caribbean INVESTMENTS 826000 East Asia and the Pacific INVESTMENTS 6723000 Europe (Including Iceland and Greenland) Investments 21762000 North America Investments 1302000 Russia and the Newly Independent States Investments 210000 South America Investments 2026000 South Asia Investments 2380000 Sub-Saharan Africa Investments 407000 35636000 35636000 false false false false false false X X X X X X X true RUFFALO CODY- SEE PART IV PHONATHON false 105261 94843 10418 BENTZ WHALEY FLESSNER CONSULTING false 72307 105261 167150 10418 NY GALA 461819 55440 406379 69735 7950 42218 GOLF CLASSIC 169878 62052 107826 1190 49750 15986 2 51428 18795 32633 22323 16307 683125 136287 546838 1190 49750 92058 7950 74511 225459 321379 SCHEDULE G, PART I, LINE 2B FUNDRAISING CONSULTANT RUFFALO CODY IS A PROFESSIONAL FUNDRAISING FIRM THAT SEEKS GIFTS FOR THE PHONATHON AND PROVIDES INFORMATION FOR THE UNIVERISTY'S DATA BASE. BENTZ WHALEY FLESSNER IS A PROFESSIONAL FUNDRAISING CONSULTING FIRM. true SCHOLARSHIPS TO STUDENTS 4121 40192862 Schedule I, Part I, Line 2 Procedures for monitoring grant funds THE UNIVERSITY AWARDS BOTH INSTITUTIONALLY-FUNDED FINANCIAL AID TO STUDENTS AS WELL AS FINANCIAL AID FUNDED FROM PRIVATE GIFTS AND VARIOUS FEDERAL, STATE AND LOCAL GOVERNMENT AGENCIES. SCHOLARSHIPS ARE AWARDED ON AN EQUAL, OBJECTIVE AND NONDISCRIMINATORY BASIS USING ACADEMIC ACHIEVEMENT, FINANCIAL NEED, AND OTHER SIMILAR STANDARDS. THE UNIVERSITY MAINTAINS SEPARATE ACCOUNTING FOR ALL GRANTS AND STRICTLY MONITORS THAT ANY DISBURSEMENTS ARE MADE ONLY FOR THE INTENDED PURPOSE OF THE GRANT AND IN ACCORDANCE WITH THE GRANT REQUIREMENTS. AN AUDIT OF THE UNIVERSITY'S FEDERALLY FUNDED PROGRAMS, IN ACCORDANCE WITH THE "US OFFICE OF MANAGEMENT AND BUDGET ("OMB") CIRCULAR A-133 COMPLIANCE SUPPLEMENT", IS CONDUCTED ANNUALLY BY THE UNIVERSITY'S EXTERNAL AUDITORS. X X true true X X X X false false false false false false false false false ROBERT A SCOTT 504640 0 0 0 8158 0 28175 0 83714 0 624687 0 0 0 ANGELO B PROTO 288616 0 15000 0 1190 0 28175 0 18 0 332999 0 0 0 TIMOTHY P BURTON 304259 0 0 0 0 0 23275 0 25321 0 352855 0 0 0 GAYLE D INSLER 296955 0 0 0 0 0 28175 0 1518 0 326648 0 0 0 CHRISTIAN VAUPEL 220764 0 0 0 0 0 21686 0 22730 0 265180 0 0 0 LORI A DUGGAN GOLD 190467 0 0 0 0 0 18205 0 31189 0 239861 0 0 0 RAKESH GUPTA 236655 0 0 0 0 0 28175 0 42399 0 307229 0 0 0 PATRICK R COONAN 220101 0 0 0 12692 0 18709 0 26748 0 278250 0 0 0 ANDREW W SAFYER 192222 0 0 0 27040 0 19345 0 28534 0 267141 0 0 0 ROBERT DECARLO 187754 0 0 0 110 0 22492 0 14868 0 225224 0 0 0 JANE ASHDOWN 180748 0 0 0 0 0 14045 0 21730 0 216523 0 0 0 BENJAMIN S WEEKS 111063 0 0 0 98988 0 11224 0 36893 0 258168 0 0 0 ROBERT D JONES 100563 0 0 0 93975 0 11565 0 18 0 206121 0 0 0 JACK P CHEN 183066 0 0 0 4344 0 18580 0 33610 0 239600 0 0 0 RICHARD K GARNER 185418 0 0 0 25 0 21578 0 9553 0 216574 0 0 0 JANE H WHITE 175106 0 0 0 0 0 16904 0 10208 0 202218 0 0 0 RONALD S FEINGOLD 136857 0 0 0 15293 0 15993 0 8880 0 177023 0 0 0 STEVEN J RUBIN 143883 0 0 0 0 0 17056 0 11748 0 172687 0 0 0 Schedule J, Part I, Line 1a QUESTIONS REGARDING COMPENSATION AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE UNIVERSTIY, THE PRESIDENT IS REQUIRED TO LIVE IN A UNIVERSITY RESIDENCE. IN ADDITION, HOUSEKEEPING SERVICES ARE REQUIRED FOR THE RESIDENCE. ANY PERSONAL USAGE IS TREATED AS TAXABLE INCOME. AMOUNTS ARE INCLUDED ON THE 990, PART VII AND SCHEDULE J, PART II. SCHEDULE J, PART II, COLUMN B (III), LINES 12 AND 13 OTHER REPORTABLE COMPENSATION OTHER REPORTABLE COMPENSATION LISTED IN COLUMN B(III) FOR THE UNIVERSITY'S PROFESSORS REPORTED ON LINES 12 AND 13 INCLUDES COMPENSATION FOR COURSES TAUGHT AND ADDITIONAL RESPONSIBILITIES BEYOND THE REQUIRED FULL-TIME FACULTY COURSE LOAD. SCHEDULE J, PART II AND 990 PART VII COMPENSATION TO FORMER KEY EMPLOYEES COMPENSATION TO RONALD S FEINGOLD WAS REPORTED ON PREVIOUS FORMS 990 AS COMPENSATION TO A KEY EMPLOYEE FOR HIS EMPLOYMENT DURING THOSE YEARS AS ACTING DEAN FOR THE SCHOOL OF EDUCATION. HE WAS A PROFESSOR FOR THE UNIVERSITY DURING FISCAL 2011-12 AND DURING CALENDAR 2011. COMPENSATION TO STEVEN J RUBIN WAS REPORTED ON PREVIOUS FORMS 990 AS COMPENSATION TO A KEY EMPLOYEE FOR HIS EMPLOYMENT DURING THOSE YEARS AS ACTING DEAN FOR ARTS AND SCIENCES. EFFECTIVE JUNE 1, 2011, HE RESUMED HIS ROLE AS PROFESSOR FOR THE UNIVERSITY. TOWN OF HEMPSTEAD INDUSTRIAL DEVELOPMENT AGENCY 116001929 424674CX5 2005-10-27 42436465 CONSTRUCTION-SPORTS/ARTS CENTERS false false false TOWN OF HEMPSTEAD LOCAL DEVELOPMENT CORPORATION 112798949 424682AW2 2009-09-30 31807584 CONSTRUCT DORMITORY/ADV REFUNDING false false false TOWN OF HEMPSTEAD LOCAL DEVELOPMENT CORPORATION 112798949 424682CF7 2011-06-15 25318662 CONTRUCT DORMITORY/ADV.REFUNDING false false false 0 0 44176495 0 0 0 428000 0 0 43353039 395456 0 2007 false false true true 0 0 31814560 0 0 6399878 492134 0 0 24768768 153780 0 2010 false true true true 0 0 25318662 0 0 14603707 406940 0 0 10182015 126000 0 2011 false true true true false true false false 0.00204 0.00020 0.00224 true false false false false 0 true false false false false 0 true false false false 0 true FSA CAPITAL MGMTLLC 2.1 true false true false false false 0 false 0 false true false false false 0 false 0 false true X SCHEDULE K, PART II, LINE 3, COLUMNS A AND B 0 TOTAL PROCEEDS OF THE BOND ISSUE FOR THE BONDS LISTED IN PART II, LINE 3, COLUMN A AND B DIFFER FROM THE ISSUE PRICES LISTED IN PART I, LINES A AND B, COLUMN E AS A RESULT OF INVESTMENT EARNINGS ON THE BOND PROCEEDS. ANDREW SAFYER DEAN OF SOCIAL WORK SPOUSE 92462 EMPLOYMENT AT THE UNIVERSITY false SEE NOTES SCHEDULE L PART V SCHEDULE L, PART IV BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS THE SPOUSE OF A KEY EMPLOYEE IS ALSO EMPLOYED AT THE UNIVERSITY. HER EMPLOYMENT AND RELATED COMPENSATION, TOTALING $92,462, ARE AT ARMS LENGTH. HER EMPLOYMENT IS NOT RELATED IN ANY WAY TO THE POSITION OR EMPLOYMENT OF THE KEY EMPLOYEE. X 13 132296 MARKET QUOTATION false true false 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY THE UNIVERSITY HAS A CONFLICT OF INTEREST POLICY. ALL TRUSTEES, OFFICERS AND EMPLOYEES OF THE UNIVERSITY MUST SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. THE CHAIRMAN OF THE UNIVERSITY'S AUDIT COMMITTEE AND THE CHAIRMAN OF THE TRUSTEE AFFAIRS COMMITTEE, REPORT TO THE UNIVERSITY'S GOVERNING BOARD ANNUALLY REGARDING ANY POTENTIAL CONFLICTS OF INTEREST. IN ADDITION, ANNUALLY IN PREPARATION OF THE 99O, QUESTIONNAIRES ARE COMPLETED BY ALL TRUSTEES, OFFICERS, AND KEY EMPLOYEES REGARDING TRUSTEES' INDEPENDENCE; RELATIONSHIPS AMONG TRUSTEES, OFFICERS, AND KEY EMPLOYEES; AND TRANSACTIONS INVOLVING A POTENTIAL CONFLICT OF INTEREST. ANY POTENTIAL TRANSACTIONS OR RELATIONSHIPS ARE REVIEWED AND DOCUMENTED ON THE 990 AND SCHEDULE L. 990, PART VI, SECTION B, LINE 15B PROCESS OF DETERMINING COMPENSATION AN INDEPENDENT COMPENSATION CONSULTANT HAS BEEN HIRED BY THE UNIVERSITY TO REVIEW THE COMPENSATION OF THE UNIVERSITY'S OFFICERS. THE CONSULTING FIRM REVIEWS COMPENSATION OF THE UNIVERSITY'S OFFICERS IN COMPARISON TO THOSE OFFICERS OF OTHER COLLEGES AND UNIVERSITIES WITHIN OUR SUPPORTED PEER GROUP OF OTHER UNIVERSITIES. THEIR RECOMMENDATIONS AND REPORT ARE PRESENTED TO THE UNIVERSITY'S BOARD OF TRUSTEES FOR APPROVAL. THE DATE OF THE LAST REPORT OF THE INDEPENDENT CONSULTANTS WAS DECEMBER 2012. THE COMPENSATION OF THE UNIVERSITY'S KEY EMPLOYEES IS REVIEWED ANNUALLY. COMPARISONS ARE MADE TO SALARIES REPORTED BY THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION AS WELL AS THE COMPENSATION REPORTED IN OTHER UNIVERSITY'S FORM 990. COMPENSATION OF KEY EMPLOYEES IS PRESENTED TO THE UNIVERSITY'S BOARD OF TRUSTEES ANNUALLY FOR APPROVAL. DETERMINATIONS OF COMPENSATION BY THE BOARD ARE CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES TO THOSE MEETINGS. 990, PART VI, SECTION C, LINE 19 DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION THE UNIVERSITY'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. 990, PART VI, SECTION B, LINE 11B REVIEW OF 990 BY UNIVERSITY'S BOARD OF TRUSTEES FORM 990 AND ALL SCHEDULES AND FORM 990T ARE PREPARED ANNUALLY BY MANAGEMENT, REVIEWED BY AN EXTERNAL AUDITING FIRM, REVIEWED BY THE BOARD OF TRUSTEES AUDIT COMMITTEE AND PROVIDED TO THE FULL BOARD OF TRUSTEES PRIOR TO FILING THE FORMS WITH THE IRS. 990, PART XI, LINE 5 OTHER CHANGES IN NET ASSETS OR FUND BALANCES OTHER CHANGES IN NET ASSETS TOTALING $6,344,018 CONSIST OF UNREALIZED GAINS TOTALING $6,507,563 AND A NON-RECURRING EXPENDITURE TOTALING $163,545 FOR POSTRETIREMENT CHANGES OTHER THAN NET PERIODIC BENEFIT COSTS. BLACKCAT ADVERTISING AGENCY LLC C/O ADELPHI UNIVERSITY SOUTH AVENU GARDEN CITY NY 11530 412109172 ADVERTISING NY 0 ADELPHI