2012-07-06T13:50:19-04:00 2011-08-31 GRANT THORNTON LLP 666 THIRD AVENUE NEW YORK NY 100174029 990 2010-09-01 111630741 ADELPHI UNIVERSITY ADEL 5168773184 1 SOUTH AVENUE GARDEN CITY NY 115300701 TIMOTHY P BURTON 2012-07-02 2125429609 2010 2016-02-24 21:20:13Z ROBERT A SCOTT SOUTH AVENUE GARDEN CITY NY 11530 252566599 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. 25 24 4282 46917 8083348 7118265 193295662 205331894 4607285 9717048 1260708 687265 207247003 222854472 33172293 35820683 0 0 113433004 117605554 119712 110755 2470619 49504251 50805145 196229260 204342137 11017743 18512335 340870411 372945895 129094025 140689950 211776386 232255945 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 163248308 35820683 189849456 Instruction and related academic support and student services - The University provides a high-quality education for all of its undergraduate and graduate students. In Fall 2010, there were 7,917 in attendance at the University; 5,377 full-time students and 2,540 part-time 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 Advance 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. 9983847 13000399 Residential housing and auxiliary enterprises - The University offers student housing in six residence halls on the Garden City, New York campus, offering a variety of residential options to its students. In 2010-11 there were 1,145 students residing in the University's residence halls. 5132884 2469175 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. 178365039 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 true false true false true false false false true false false false false false true 20105 0 true 4282 true true true false false false false true true false false false false X 25 24 false true 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 2.0 X 0 0 0 MICHAEL CAMPBELL 2.0 X 0 0 0 ROBERT G DARLING 2.0 X 0 0 0 JOAN S GIRGUS 2.0 X 0 0 0 JEFFREY R GREENE 2.0 X 0 0 0 JOHN GUTLEBER 2.0 X 0 0 0 NOREEN HARRINGTON 2.0 X 0 0 0 OSBERT HOOD 2.0 X 0 0 0 N GERRY HOUSE 2.0 X 0 0 0 ANGELA JAGGAR 2.0 X 0 0 0 LAURENCE KESSLER 2.0 X 0 0 0 LINDSEY KUPFERMAN 2.0 X 0 0 0 RONALD LEE 2.0 X 0 0 0 KATHERINE LITTLEFIELD 2.0 X 0 0 0 GERALD MAHONEY 2.0 X 0 0 0 THOMAS F MOTAMED 2.0 X 0 0 0 GRACE PILCER 2.0 X 0 0 0 LEON POLLACK 2.0 X 0 0 0 GARY ROSENBERG 2.0 X 0 0 0 CHRISTOPHER SARIDAKIS 2.0 X 0 0 0 LOIS C SCHLISSEL 2.0 X 0 0 0 HELENE SULLIVAN 2.0 X 0 0 0 MARJORIE WEINBERG-BERMAN 2.0 X 0 0 0 ROBERT WILLUMSTAD 2.0 X 0 0 0 BARRY T ZEMAN 2.0 X 0 0 0 ROBERT A SCOTT 65.0 X X 1126523 0 0 GAYLE D INSLER 50.0 X 269988 0 0 ANGELO B PROTO 50.0 X 280242 0 0 TIMOTHY P BURTON 50.0 X 294358 0 0 CHRISTIAN VAUPEL 50.0 X 215672 0 0 LORI A DUGGAN GOLD 50.0 X 187935 0 0 ANDREW W SAFYER 50.0 X 214696 0 0 PATRICK R COONAN 50.0 X 213715 0 0 RAKESH GUPTA 50.0 X 213338 0 0 ROBERT DECARLO 50.0 X 182365 0 0 JANE ASHDOWN 50.0 X 176327 0 0 STEVEN J RUBIN 50.0 X 172815 0 0 BENJAMIN S WEEKS 40.0 X 192668 0 0 ROBERT D JONES 40.0 X 185349 0 0 JACK P CHEN 50.0 X 180233 0 0 RICHARD K GARNER 50.0 X 179461 0 0 JANE H WHITE 40.0 X 170230 0 0 RONALD S FEINGOLD 40.0 X 149368 0 0 4605283 0 0 166 true true false Damon G Douglas Company 245 BIRCHWOOD AVE/ PO BOX 1030 CRANFORD NJ 07016 Construction 10919030 Lackmann Culinary Services 303 CROSSWAYS PARK DRIVE WOODBURY NY 11797 Food Service 3790045 INTELLI-TEC 2000 SHAMES DRIVE WESTBURY NY 11590 CONTRACTOR 421054 JVN SYSTEMS INC 100A EAST JEFRYN BOULEVARD DEER PARK NY 11729 Contractor 410731 CM CONTRACTING LLC 759 CHIEF JUSTICE CUSHING HWY UNIT COHASSET MA 02025 CONTRACTOR 354956 29 154237 3456909 3507119 73929 7118265 TUITION AND FEES 900099 189849456 189849456 SALES/SVCS ED.DEPT 611710 2469175 2469175 STUDENT SUPPORT 721310 13013263 13000399 12864 205331894 3704578 3704578 7 7 10000 10000 398507 31712 366795 366795 366795 34957597 501275 29175828 270581 5781769 230694 6012463 6012463 510423 154237 234006 276417 276417 0 0 FACILITY FEES 713940 34053 34053 34053 222854472 205319030 46917 10370260 0 35820683 35820683 0 0 3504569 1552074 1690048 262447 101113 98673 2440 88034341 77737564 9141461 1155316 5865610 5105284 686992 73334 13550934 11265148 2092777 193009 6548987 5585175 862730 101082 0 253648 48636 201237 3775 331938 331938 83696 83696 110755 110755 313016 313016 2407658 1630555 748374 28729 2698422 397870 2297877 2675 9868206 7923862 1574136 370208 1843226 1556847 286379 0 8839320 8472005 365921 1394 2056423 1696503 270475 89445 0 1359650 1024801 256539 78310 3408651 3396457 12194 0 8184500 7839827 344673 1150332 1099266 50938 128 ASSISTANTSHIP/TUIT REMISSION 5042233 5003796 38437 PROVISION-DOUBTUL ACCOUNTS 1244106 1244106 COLLECTION COSTS 167007 5637 161370 OTHER 1553113 1104376 448725 12 204342137 178365039 23506479 2470619 2550 2550 12027331 14306652 6714759 5339041 1521985 1453239 5390172 5534355 3972584 4515159 304358644 104888880 191074032 199469764 113163653 133503843 5237153 7157157 1766192 1664135 340870411 372945895 16192920 18121976 4735344 4998334 21694585 23611313 85276740 93958327 1189552 0 4884 0 129094025 140689950 X 182598469 199797319 11005738 12605399 18172179 19853227 211776386 232255945 340870411 372945895 X 18512335 1967224 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 83696 false false 83696 false SCHEDULE C, PART II-B, LINE 1G LOBBYING ADELPHI UNIVERSITY HAS ENGAGED THE FIRM, DAVIDOFF, MALITO, & HUTCHER 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 2010-11, THE UNIVERSITY PAID $81,000 TO THE FIRM, DAVIDOFF, MALITO & HUTCHER. IN ADDITION, THE UNIVERSITY PAID $35,056 TO THE COMMISSION ON INDEPENDENT COLLEGES AND UNIVERSITIES OF WHICH $2,696 IS ATTRIBUTABLE TO LOBBYING. X false 105999399 3584357 12202854 456198 223369 121107043 96823763 4196535 5604280 312208 312971 105999399 104837450 3846233 -10889920 615599 354401 96823763 0.78130 0.21230 0.00640 false false 2158865 2158865 262592528 75417641 187174887 1452254 1168073 284181 38154997 28303166 9851831 199469764 0 0 222854472 204342137 18512335 3727224 -1760000 1967224 20479559 190466149 3727224 31712 3758936 186707213 241334 35905925 36147259 222854472 168226590 31712 31712 168194878 241334 35905925 36147259 204342137 Schedule D, Part III, 1a 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 ACS 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, 2008, 2009, 2010 and 2011 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 $31,712 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 $85,242 AND SCHOLARSHIPS (SHOWN NET ON FINANCIAL STATEMENTS) TOTALING $35,820,683. 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 Nonrecurring Item - Funding of Pension Plan Withdrawal Liability As permitted by the plan document, the University withdrew from a multi-employer defined benefit plan and recorded an expense totaling $1,760,000 equal to the present value of the future benefits as determined by the plan's actuary. 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 & CARIBBEAN INVESTMENTS 1112000 EAST ASIA & THE PACIFIC INVESTMENTS 6489000 EUROPE INVESTMENTS 22915000 MIDDLE EAST & NORTH AFRICA INVESTMENTS 24000 NORTH AMERICA(CANADA & MEXICO) INVESTMENTS 1188000 RUSSIA&NEWLY INDEPENDENT STATES INVESTMENTS 554000 SOUTH AMERICA INVESTMENTS 1217000 SOUTH ASIA INVESTMENTS 1034000 SUB-SAHARAN AFRICA INVESTMENTS 111000 34644000 34644000 false false false false false false X X X X X X X true RUFFALO CODY- SEE PART IV PHONATHON false 109953 85242 24711 BENTZ WHALEY FLESSNER CONSULTING false 25513 109953 110755 24711 NY GALA 419500 71479 348021 73435 7200 47247 GOLF CLASSIC 186815 67985 118830 50865 26268 2 58345 14773 43572 19980 9011 664660 154237 510423 70845 73435 7200 82526 234006 276417 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 3982 35820683 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 452586 0 0 0 673937 0 28175 0 71739 0 1226437 0 645136 0 GAYLE D INSLER 269866 0 0 0 122 0 28175 0 18 0 298181 0 0 0 ANGELO B PROTO 280242 0 0 0 0 0 28175 0 18 0 308435 0 0 0 TIMOTHY P BURTON 294358 0 0 0 0 0 23275 0 19456 0 337089 0 0 0 CHRISTIAN VAUPEL 215672 0 0 0 0 0 21022 0 18735 0 255429 0 0 0 LORI A DUGGAN GOLD 187935 0 0 0 0 0 16586 0 22851 0 227372 0 0 0 ANDREW W SAFYER 187529 0 0 0 27167 0 18784 0 24959 0 258439 0 0 0 PATRICK R COONAN 213715 0 0 0 0 0 18166 0 13243 0 245124 0 0 0 RAKESH GUPTA 213338 0 0 0 0 0 25894 0 55133 0 294365 0 0 0 ROBERT DECARLO 182365 0 0 0 0 0 21840 0 13686 0 217891 0 0 0 JANE ASHDOWN 176213 0 0 0 114 0 13637 0 18735 0 208699 0 0 0 STEVEN J RUBIN 172705 0 0 0 110 0 20292 0 10274 0 203381 0 0 0 BENJAMIN S WEEKS 108676 0 0 0 83992 0 10888 0 0 0 203556 0 0 0 ROBERT D JONES 97553 0 0 0 87796 0 11219 0 18 0 196586 0 0 0 JACK P CHEN 180233 0 0 0 0 0 18041 0 25180 0 223454 0 0 0 RICHARD K GARNER 179461 0 0 0 0 0 20858 0 8382 0 208701 0 0 0 JANE H WHITE 170230 0 0 0 0 0 16414 0 9069 0 195713 0 0 0 RONALD S FEINGOLD 133001 0 0 0 16367 0 15515 0 7658 0 172541 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 BIII AND F, AND 990 PART VII, LINE 1A , COLUMN D COMPENSATION REPORTED ON PRIOR FORM 990 THE AMOUNT SHOWN AS REPORTABLE COMPENSATION ON THE 990, PART VII, LINE 1A, COLUMN D, FOR THE UNIVERSITY'S PRESIDENT, ROBERT A SCOTT, TOTALING $1,126,523 INCLUDES A WITHDRAWAL OF $645,136 FROM THE PRESIDENT'S DEFERRED COMPENSATION PLAN. THE WITHDRAWAL OF $645,136 WAS EARNED AND RECORDED IN PRIOR YEARS AND APPROPRIATELY REPORTED ON PREVIOUS IRS FORMS 990 AND IS SHOWN ON SCHEDULE J, PART II, COLUMN F AS SUCH. ACCORDINGLY, THE AMOUNT OF THE WITHDRAWAL IS NOT PART OF CALENDAR 2010 BASE COMPENSATION. SCHDEDULE J, PART II, AND 990, PART VII COMPENSATION TO FORMER KEY EMPLOYEE COMPENSATION TO RONALD S FEINGOLD WAS REPORTED ON PREVIOUS FORMS 990 AS COMPENSATION TO A KEY EMPLOYEE FOR HIS ROLE DURING THOSE YEARS AS ACTING DEAN FOR THE SCHOOL OF EDUCATION. HE WAS A PROFESSOR FOR THE UNIVERSITY DURING FISCAL 2010-11 AND DURING CALENDAR 2010. SCHEDULE J, PART II, COLUMN B(III), LINES 13 AND 14, AND LINE 2, PAGE 2 OTHER REPORTABLE COMPENSATION OTHER REPORTABLE COMPENSATION LISTED IN COLUMN B(III) FOR THE UNIVERSITY'S PROFESSORS REPORTED ON LINES 13 AND 14 AND LINE 2, PAGE 2, INCLUDES COMPENSATION FOR COURSES TAUGHT AND ADDITIONAL RESPONSIBILTIES BEYOND THE REQUIRED FULL-TIME FACULTY COURSE LOAD. 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 CONSTRUCT DORMITORY/ADV.REFUNDING false false false 44176495 428000 43353039 395456 2007 false false true true 31814560 6399878 492134 24768768 153780 2010 false true true true 25318662 14603707 406940 10182015 126000 2011 false true true true false true false false true 0.00150 0.00020 0.00170 true false false false false true true false false false false true true false false false true FSA CAPITAL MGMTLLC 2.1 true false true false false false false false true false false false false false true SCHEDULE K, PART II, LINE 3, COLUMNS A AND B TOTAL PROCEEDS OF ISSUE THE TOTAL PROCEEDS OF THE ISSUE FOR THE BONDS LISTED IN PART II, LINE 3, COLUMNS A AND B DIFFER FROM THE ISSUE PRICES LISTED IN PART I, LINES A AND B, COLUMN E AS RESULT OF INVESTMENT EARNINGS ON THE BOND PROCEEDS. SCHEDULE K, PART II, LINE 6, COLUMN B PROCEEDS IN REFUNDING ESCROWS THE AMOUNT OF $6,399,878 LISTED UNDER PROCEEDS OF REFUNDING ESCROWS, COLUMN B IS THE AMOUNT OF PROCEEDS DEPOSITED TO THE ESCROW ACCOUNT. AS OF 2/1/10, THE REFUNDED BONDS WERE CALLED IN FULL AND THE BALANCE IN THIS ACCOUNT AS OF AUGUST 31, 2011 IS ZERO. 500 SCHOLARSHIP PRESIDENT ROBERT A SCOTT SPOUSE OF PRESIDENT 5000 DONATION ANDREW SAFYER DEAN OF SOCIAL WORK SPOUSE 89153 EMPLOYMENT AT THE UNIVERSITY false SEE NOTES SCHEDULE L PART V SCHEDULE L, PART III GRANTS OR ASSISTANCE BENEFITTING INTERESTED PERSONS - DONATION A DONATION IN THE AMOUNT OF $5,000 WAS MADE TO AN EDUCATIONAL PUBLIC CHARITY WHERE THE SPOUSE OF THE UNIVERSITY'S PRESIDENT IS THE EXECUTIVE DIRECTOR. 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 $89,153 ARE AT ARMS LENGTH. X 11 73929 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. 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 2010. 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. 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 VI, SECTION A, LINE 3 DELEGATION OF MANAGEMENT DUTIES - FOOD SERVICES THE UNIVERSITY DELEGATES THE MANAGEMENT OF FOOD SERVICES THAT ARE PROVIDED TO ITS STUDENTS TO A FOOD SERVICE MANAGEMENT COMPANY. 990, PART XI, LINE 5 OTHER CHANGES IN NET ASSETS OR FUND BALANCES OTHER CHANGES IN NET ASSETS TOTALING $1,967,224 CONSIST OF UNREALIZED GAINS TOTALING $3,727,224 AND A NON-RECURRING EXPENDITURE TOTALING $1,760,000 FOR THE FUNDING OF A PENSION PLAN WITHRAWAL LIABILITY WHEREBY THE UNIVERSITY WITHDREW FROM A MULTI-EMPLOYER DEFINED BENEFIT PLAN AS PERMITTED BY THE PLAN DOCUMENT. THE NON-RECURRING EXPENDITURE OF $1,760,000 IS EQUAL TO THE PRESENT VALUE OF THE FUTURE BENEFITS AS DETERMINED BY THE PLAN'S ACTUARY. BLACKCAT ADVERTISING AGENCY LLC C/O ADELPHI UNIVERSITY SOUTH AVENU GARDEN CITY NY 11530 412109172 ADVERTISING NY 0 ADELPHI