2012-07-12T16:16:32-05:00 2011-08-31 KPMG LLP 345 Park Avenue New York NY 101540102 990 2010-09-01 111633516 LONG ISLAND UNIVERSITY LONG 5162992535 700 NORTHERN BLVD BROOKVILLE NY 115481326 ROBERT ALTHOLZ 2012-07-30 true KPMG LLP 2127589700 2010 2016-02-24 21:20:13Z David J Steinberg 700 Northern Blvd Brookville NY 11548 515036504 false X www.liu.edu X 1926 NY PROVIDE ACCESS AND EXCELLENCE IN HIGHER EDUCATION TO PEOPLE FROM ALL BACKGROUNDS, WHO SEEK TO EXPAND THEIR KNOWLEDGE AND PREPARE THEMSELVES FOR MEANINGFUL LIFE AND SERVICE TO THEIR COMMUNITIES AND THE WORLD. 41 38 7358 46 0 0 18465052 25660925 424836810 441391269 1974924 1687727 82897 -129202 445359683 468610719 77699090 89229536 0 0 251200458 259241748 282579 365010 7805678 110176852 117288944 439358979 466125238 6000704 2485481 507475989 506005126 310694514 303477199 196781475 202527927 X PROVIDE ACCESS AND EXCELLENCE IN HIGHER EDUCATION TO PEOPLE FROM ALL BACKGROUNDS, WHO SEEK TO EXPAND THEIR KNOWLEDGE AND PREPARE THEMSELVES FOR MEANINGFUL LIFE AND SERVICE TO THEIR COMMUNITIES AND THE WORLD. FOR MORE INFORMATION, SEE SCHEDULE O. false false 351450341 89229536 413343305 INSTRUCTION, ACADEMIC SUPPORT, AND INSTITUTIONAL SUPPORT - THE UNIVERSITY OFFERS BOTH CREDIT AND NONCREDIT COURSES FOR ACADEMIC AND VOCATIONAL INSTRUCTION. THE UNIVERSITY OFFERS 558 DEGREE AND CERTIFICATE PROGRAMS TO OVER 24,000 STUDENTS, AND EMPLOYS NEARLY 640 FULL-TIME FACULTY OVER SIX CAMPUSES. ACTIVITIES IN THIS CATEGORY ALSO INCLUDE SUPPORT SERVICES SUCH AS LIBRARIES, EDUCATIONAL MEDIA SERVICES, ACADEMIC COMPUTING SUPPORT, ACADEMIC ADMINISTRATION, ETC. THE UNIVERSITY'S LIBRARIES HOUSE APPROXIMATELY 2.6 MILLION PRINT BOOKS AND SHARE OVER 90,000 ONLINE JOURNALS, MORE THAN 200 ONLINE DATABASES AND 50,000 ELECTRONIC BOOKS. 79484829 0 26937081 STUDENT SERVICES AND AUXILIARY ENTERPRISES - REPRESENTS THE ACTIVITIES THAT CONTRIBUTE TO STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND INTELLECTUAL, CULTURAL, AND SOCIAL DEVELOPMENT OUTSIDE THE CONTEXT OF THE FORMAL INSTRUCTION PROGRAM. ACTIVITIES IN THIS CATEGORY INCLUDE EXPENSES FOR RESIDENCE HALLS, STUDENT ACTIVITIES, CULTURAL EVENTS, STUDENT NEWSPAPERS, INTRAMURAL ATHLETICS, STUDENT ORGANIZATIONS, INTERCOLLEGIATE ATHLETICS, COUNSELING AND CAREER GUIDANCE, STUDENT AID ADMINISTRATION AND STUDENT HEALTH SERVICE. APPROXIMATELY 2,720 STUDENTS RESIDE IN THE DORMS. 5080706 0 1110883 RESEARCH AND PUBLIC SERVICE - REPRESENTS ACTIVITIES SPECIFICALLY ORGANIZED TO PRODUCE RESEARCH, WHETHER COMMISSIONED BY AN AGENCY EXTERNAL TO THE INSTITUTION OR SEPARATELY BUDGETED BY AN ORGANIZATIONAL UNIT WITHIN THE INSTITUTION. THIS CATEGORY ALSO INCLUDES ACTIVITIES ESTABLISHED PRIMARILY TO PROVIDE NON-INSTRUCTIONAL SERVICES BENEFICIAL TO INDIVIDUALS AND GROUPS EXTERNAL TO THE INSTITUTION. THESE ACTIVITIES INCLUDE COMMUNITY SERVICE PROGRAMS. 0 0 0 436015876 true true false true false false true false true true false false false true true true false true true true false false true true false false false true true true true false false false false false true false true true true false false false false false false false false false true 506 0 true 7358 true false false false false false true true false false false false X 41 38 true false false false false false false true true false false true true true true true true true true false NY X MARK SCHMOTZER 5162992535 700 NORTHERN BLVD BROOKVILLE NY 11548 X BRIAN MADOCKS 3.0 X 0 0 0 ANGELO J MANGIA 1.0 X 0 0 0 DANIEL B FISHER 1.0 X 0 0 0 ROLAND DESILVA 1.0 X 0 0 0 STANLEY F BARSHAY 3.0 X 0 0 0 MARK A BOYAR 1.0 X 0 0 0 JOHN R BRANSFIELD JR 1.0 X 0 0 0 DAVID LIPKA 1.0 X 0 0 0 MICHAEL DEVINE 1.0 X 0 0 0 MICHAEL N EMMERMAN 3.0 X 0 0 0 GEORGE L ENGELKE JR 3.0 X 0 0 0 BRIAN LAND 1.0 X 0 0 0 ALFRED R KAHN 1.0 X 0 0 0 JOHN A KANAS 1.0 X 0 0 0 ERIC KRASNOFF 3.0 X 0 0 0 STEVEN J KUMBLE 1.0 X 0 0 0 BYRON E LEWIS 3.0 X 0 0 0 HOWARD M LORBER 3.0 X 0 0 0 MICHAEL MELNICKE 1.0 X 0 0 0 THERESA MALL MULLARKEY 3.0 X 0 0 0 SALVATORE NARO 1.0 X 0 0 0 RICHARD P NESPOLA 3.0 X 0 0 0 LEON LACHMAN 3.0 X 0 0 0 JOEL PRESS 3.0 X 0 0 0 THOMAS L PULLING 4.0 X 0 0 0 WILLIAM NUTI 1.0 X 0 0 0 EDWARD E SHORIN 3.0 X 0 0 0 HARVEY SIMPSON 3.0 X 0 0 0 MARTIN SPERBER 1.0 X 0 0 0 DAVID STERLING 1.0 X 0 0 0 SHARON STERNHEIM 1.0 X 0 0 0 RONALD J SYLVESTRI 3.0 X 0 0 0 EDWARD TRAVAGLIANTI 5.0 X 0 0 0 PETER GIBSON 1.0 X 0 0 0 ROSALIND P WALTER 1.0 X 0 0 0 DAVID J STEINBERG 40.0 X X 496653 0 118621 STEVEN S HORNSTEIN 1.0 X 0 0 0 ERIC TVETER 1.0 X 0 0 0 RICHARD O ULLMAN 1.0 X 0 0 0 MICHAEL GUTNICK 1.0 X 0 0 0 LINDA AMPER 1.0 X 0 0 0 BASHAR BAROUDI 40.0 X 246583 0 68952 ROBERT ALTHOLZ 40.0 X 370050 0 46985 JEFFREY KANE 40.0 X 324319 0 51795 RICHARD GORMAN 40.0 X 364329 0 45523 GALE HAYNES 40.0 X 331559 0 37325 DANIEL RODAS 40.0 X 281365 0 34612 PAUL FORESTELL 40.0 X 220782 0 88542 ELAINE CROSSON THRU 1210 40.0 X 276787 0 60941 LYNETTE PHILLIPS BEG 111 40.0 X 56896 0 7571 ANTHONY DEFALCO 40.0 X 324821 0 20623 FRANCIS BONSIGNORE 40.0 X 274133 0 27343 ROSE IANNICELLI 40.0 X 257168 0 16505 ANTHONY CUTIE 40.0 X 241977 0 43583 HARVEY KUSHNER 40.0 X 236543 0 39543 4303965 0 708464 420 false true false PI MECHANICAL CORP 150 W 28TH ST NEW YORK NY 10001 HVAC CONTRACTOR 550783 PENINSULA CONTRACTING CORP 85 PARK AVENUE BAYSHORE NY 11706 GENERAL CONTRACTOR 671233 AD LUBOW LLC 1 PENN PLAZA 53RD FLOOR NEW YORK NY 10119 ADVERTISING 663031 ORACLE AMERICA INC 500 ORACLE PKWY REDWOOD SHORES CA 94065 ERP CONSULTANT 625993 GC CONTRACTORS INC 15 E 32ND ST 9TH FL NEW YORK NY 10016 CONSTRUCTION 553362 44 619626 15670098 9371201 356324 25660925 TUITION & FEES 900099 404755692 404755692 AUXILIARY ENTERPRISE 900099 26937081 26937081 CONCERT THEATRE 900099 3797621 3797621 COMMISSIONS 900099 872097 872097 UNIVERSITY FEES 900099 561426 561426 4467352 4467352 441391269 1290162 1290162 0 0 325250 286419 38831 38831 38831 46010558 45612993 397565 397565 397565 358340 619626 526373 -168033 -168033 0 0 0 0 468610719 441391269 0 1558525 0 89229536 89229536 0 0 2914193 1171944 1274922 467327 481377 481377 185650408 172074771 9876951 3698686 12555205 11551201 730544 273460 44068530 40544496 2564196 959838 13572035 12486718 789710 295607 105930 105930 485751 485751 792155 792155 185607 185607 365010 365010 237583 237583 6214879 5717688 372893 124298 4511413 4150500 270685 90228 8592461 7905064 515548 171849 6774422 6232469 406465 135488 0 25991266 23911965 1559476 519825 4558002 4512216 40110 5676 0 1269838 1214826 41259 13753 7608764 7000063 456526 152175 0 16021177 14739483 961270 320424 703954 647638 42237 14079 FOOD SERVICES 11422448 11422448 BAD DEBTS 7250492 7250492 TUITION REMISSION 3638365 3638365 STUDENT FINANCIAL AID 1026674 1026674 OTHER EXPENSES 9897763 9105942 593866 197955 466125238 436015876 22303684 7805678 67129051 55205724 2648685 5683296 17859608 24502337 15277504 14676789 3216114 2281704 527277759 198799995 318968182 328477764 47598708 39290750 17676335 22760736 17101802 13126026 507475989 506005126 18152373 18539331 12708185 12819376 58387654 60091454 138861622 130593116 2811922 1401817 79772758 80032105 310694514 303477199 X 152792298 149192094 2456144 7673189 41533033 45662644 196781475 202527927 507475989 506005126 X 2485481 3260971 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 265395 false false 265395 false LOBBYING EXPENSES FORM 990, SCHEDULE C, PART II-B, LINE 1G GIVEN THE IMPACT OF HIGHER EDUCATION FUNDING AND REGULATIONS, IT IS VITAL FOR LONG ISLAND UNIVERSITY TO BE WELL-REPRESENTED IN WASHINGTON, DC, OUR STATE CAPITAL IN ALBANY, NY AND IN CITY HALL. AS PART OF A LARGER COMMUNITY OF HIGHER EDUCATION INSTITUTIONS, LONG ISLAND UNIVERSITY ACTIVELY ADVOCATES FOR INCREASED STUDENT FINANCIAL AID, RESEARCH FUNDING, ECONOMIC DEVELOPMENT AID AND FOR SPECIFIC PROGRAMS THAT ASSIST OUR NEIGHBORING COMMUNITIES. WE OCCASIONALLY LOOK TO GOVERNMENT RELATIONS CONSULTANTS TO ASSIST IN FRAMING STRATEGIC PLANS TO ACCOMPLISH OUR ADVOCACY GOALS, AS WELL AS ENGAGING THE EXPERTISE OF OUR INTERNAL STAKEHOLDERS - OUR WORLD-CLASS FACULTY, PROFESSIONAL ADMINISTRATORS, UNIVERSITY OFFICERS AND THE LEADERSHIP OF OUR TRUSTEES. LONG ISLAND UNIVERSITY'S GOVERNMENT RELATIONS EFFORTS HAVE HELPED SECURE MILLIONS OF DOLLARS IN PUBLIC SUPPORT FOR A WIDE RANGE OF UNIVERSITY PROGRAMS INCLUDING THE LIU HOMELAND SECURITY MANAGEMENT INSTITUTE, THE LIU BROOKLYN BRENDA PILLORS ASTHMA EDUCATION PROGRAM, THE LIU POST GROW YOUR OWN TEACHER PROGRAM, THE TILLES CENTER FOR THE PERFORMING ARTS, THE LIU BROOKLYN WRAC WELLNESS, RECREATION AND ATHLETIC CENTER AND MANY OTHER ENDEAVORS THAT SERVE OUR COMMUNITY, OUR STUDENTS, OUR STATE AND OUR NATION. 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IN ACCORDANCE WITH ASC 958, THE UNIVERSITY DOES NOT CAPITALIZE ITS COLLECTIONS. INTENDED USE OF ENDOWMENT FUNDS FORM 990, SCHEDULE D, PART V ENDOWMENT FUND REVENUE IS USED FOR GENERAL OPERATING SUPPORT UNLESS IT IS RESTRICTED BY THE DONOR FOR A SPECIFIC PURPOSE. ASC 740 FOOTNOTE FORM 990, SCHEDULE D, PART X THE UNIVERSITY EVALUATES, ON AN ANNUAL BASIS, THE EFFECTS OF ANY UNCERTAIN TAX POSITIONS ON ITS FINANCIAL STATEMENTS USING A THRESHOLD OF MORE LIKELY THAN NOT. AS OF AUGUST 31, 2011, THE UNIVERSITY HAS NOT IDENTIFIED OR PROVIDED FOR ANY SUCH POSITIONS. RECONCILIATION OF CHANGE IN NET ASSETS FORM 990, SCHEDULE D, PART XI, LINE 8 POSTRETIREMENT CHANGES ................................$ 175,327 CHANGE IN FMV OF INTEREST RATE SWAP AGREEMENTS ........$ 541,797 LOSS ON REFUNDING OF DEBT..............................$ (518,695) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS ..........$ 374,027 PROVISION FOR UNCOLLECTABLE CONTRIBUTIONS AND GRANTS...$ 20,000 OTHER NON-OPERATING CHANGE IN NET ASSETS ..............$ 45,721 ------------ $ 638,177 RECONCILIATION OF REVENUE PER AUDITED FINANCIALS WITH REVENUE PER RETURN FORM 990, SCHEDULE D, PART XII LINE 2D POSTRETIREMENT CHANGES ...............................$ 175,327 CHANGE IN FMV OF INTEREST RATE SWAP AGREEMENTS .......$ 541,797 LOSS ON REFUNDING OF DEBT ............................$ (518,695) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS .........$ 374,027 PROVISION FOR UNCOLLECTABLE CONTRIBUTIONS AND GRANTS .$ 20,000 OTHER NON-OPERATING CHANGE IN NET ASSETS .............$ 45,721 ------------- $ 638,177 LINE 4B SCHOLARSHIPS .........................................$ 89,229,536 RECLASS OF SPECIAL EVENT EXPENSES ....................$ (526,373) RECLASS OF RENTAL EXPENSES ...........................$ (286,419) ------------- $ 88,416,744 RECONCILIATION OF EXPENSES PER AUDITED FINANCIALS WITH EXPENSES PER RETURN FORM 990, SCHEDULE D, PART XIII LINE 2D RECLASS OF SPECIAL EVENT EXPENSES ....................$ 526,373 RECLASS OF RENTAL EXPENSES ...........................$ 286,419 ----------- $ 812,792 LINE 4B SCHOLARSHIPS .........................................$89,229,536 true true true true true true true false false false false false false false false true false true DISCRIMINATION POLICY FORM 990, SCHEDULE E, LINE 3 THE FOLLOWING POLICY APPEARS ON LONG ISLAND UNIVERSITY'S WEBSITE AND UNIVERSITY BULLETINS: LONG ISLAND UNIVERSITY DOES NOT DISCRIMINATE ON THE BASIS OF SEX, SEXUAL ORIENTATION, RACE, COLOR, CREED, NATIONAL ORIGIN, RELIGION, AGE, HANDICAP OR POLITICAL BELIEF, IN ANY OF ITS EDUCATIONAL PROGRAMS AND ACTIVITIES INCLUDING EMPLOYMENT PRACTICES AND ITS POLICIES RELATING TO RECRUITMENT AND ADMISSION FOR STUDENTS. ADDITIONALLY, LONG ISLAND UNIVERSITY TAKES AFFIRMATIVE ACTION TO RECRUIT APPLICANTS FROM AMONG WOMEN, MEMBERS OF PROTECTED MINORITY GROUPS, HANDICAPPED INDIVIDUALS AND VETERANS, INCLUDING DISABLED VETERANS AND VIETNAM-ERA VETERANS. GOVERNMENT GRANTS FORM 990, SCHEDULE E, LINE 6A THE UNIVERSITY RECEIVES GRANTS FORM THE FOLLOWING GOVERNMENT AGENCIES TO SUPPORT ITS OPERATIONS: FEDERAL AID: UNITED STATES DEPARTMENT OF EDUCATION UNITED STATES DEPARTMENT OF HEALTH AND HUMAN SERVICES NATIONAL SCIENCE FOUNDATION NATIONAL INSTITUTES OF HEALTH DEPARTMENT OF DEFENSE DEPARTMENT OF HOMELAND SECURITY NATIONAL TRANSPORTATION SECURITY CENTER CENTER FOR DISEASE CONTROL AND PREVENTION CORPORATION FOR NATIONAL AND COMMUNITY SERVICE HEALTH RESOURCES AND SERVICES ADMINISTRATION DEPARTMENT OF JUSTICE DEPARTMENT OF THE INTERIOR NATIONAL PARK SERVICE NATIONAL ENDOWMENT FOR THE HUMANITIES NEW YORK STATE AID: NEW YORK STATE HIGHER EDUCATION SERVICES CORPORATION Central America and the Caribbean 1 25 Program Services ACADEMIC INSTRUCTION 579297 South Asia 1 13 Program Services ACADEMIC INSTRUCTION 217190 East Asia and the Pacific 2 16 Program Services ACADEMIC INSTRUCTION 601150 Central America and the Caribbean 0 0 Investments 17898000 4 54 4 54 19295637 19295637 false false true true true false METHOD USED TO ACCOUNT FOR EXPENDITURES FORM 990, SCHEDULE F, PART I EXPENDITURES ON PART I, LINE 3, COLUMN F ARE REPORTED ON AN ACCRUAL BASIS. X X X X X X X true RUFFALO CODY SEE PART IV TELEMARKET false 236664 269790 -33126 BRAKELEY BRISCOE INC CONSULTANT false 0 70675 -70675 DAVID G CLOUGH CONSULTANT false 0 17250 -17250 PAUL DINTER CONSULTANT false 0 7295 -7295 236664 365010 -128346 Tilles Gala 531154 403931 127223 87894 105160 76000 54999 Swing for Kids 233115 118400 114715 9530 78799 14845 3 213697 97295 116402 2500 20105 43112 23827 9602 977966 619626 358340 12030 186798 148272 99827 79446 526373 -168033 FUNDRAISERS FORM 990, SCHEDULE G, PART I, LINE 2B IN ADDITION TO GENERATING GIFT REVENUE, THE PROFESSIONAL SERVICES PROVIDED BY RUFFALO CODY ENABLE THE UNIVERSITY TO ACTIVELY MAINTAIN CONTACT WITH OVER 180,000 LIVING ALUMNI. true SCHOLARSHIPS 12584 89229536 BOOK TUITION CREDIT MONITORING THE USE OF GRANT FUNDS FORM 990, SCHEDULE I, PART I, LINE 2 LONG ISLAND UNIVERSITY OFFERS A NUMBER OF INSTITUTIONAL GRANTS AND SCHOLARSHIPS TO QUALIFYING STUDENTS ENROLLED IN BOTH DEGREE AND NON-DEGREE PROGRAMS. EACH GRANT OR OTHER FORMS OF ASSISTANCE HAVE SPECIFIC AWARDING CRITERIA AND INDIVIDUAL RULES FOR SELECTION BASED ON MERIT, NEED, AND/OR PERFORMANCE. THESE REQUIREMENTS ARE PUBLISHED EACH YEAR AND ARE ADMINISTERED BY THE CAMPUS FINANCIAL AID OFFICES WHICH ARE ALSO RESPONSIBLE FOR AWARDING AND POSTING TRANSACTIONS TO INDIVIDUAL STUDENT ACCOUNTS. THE DISBURSAL OF FUNDS IS SEGREGATED AND PERFORMED BY THE CENTRAL FINANCIAL AID OFFICE OF THE UNIVERSITY. IN ADDITION, INTERNAL CONTROLS ARE IN PLACE TO ENSURE AMOUNTS ARE AWARDED ACCURATELY TO STUDENTS WHO PROPERLY MEET AND MAINTAIN ELIGIBILITY CRITERIA. ACCOUNTING TRANSACTIONS ARE ROUTINELY RECONCILED THROUGH THE UNIVERSITY'S ERP SYSTEM AND STUDENT ACCOUNTS ARE CONSISTENTLY MONITORED BY ADMINISTRATIVE STAFF. 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STEINBERG AND PAUL FORESTELL, RESPECTIVELY. BOTH ARE REQUIRED TO RESIDE ON THE UNIVERSITY'S CAMPUS AS A CONDITION OF THEIR EMPLOYMENT. FORM 990, SCHEDULE J, PART II, COLUMN B (III) THE FOLLOWING HIGHEST PAID EMPLOYEES' COMPENSATION INCLUDE AMOUNTS PAID AS PART A FACULTY CONTRACT BUYOUT AND RETIREMENT INCENTIVE PROGRAM. ANTHONY DEFALCO - $304,546 ROSE IANNICELLI - $175,500 DORM AUTHORITY STATE OF NEW YORK (2003B series) 146000293 649901UX6 2003-08-21 23544268 FINANCED BROOKLYN CAMPUS FACILITIE false false false DORM AUTHORITY STATE OF NEW YORK (2003A series) 146000293 649901D77 2003-01-23 16298647 RENOVATIONS & IMPROVEMENTS TO FACI false false false DORM AUTHORITY STATE OF NEW YORK (2006A-1 series) 146000293 649905PQ3 2010-09-23 30000000 CONSTRUCTION & RENOVATION OF FACIL false false false DORM AUTHORITY STATE OF NEW YORK (2006A-2 series) 146000293 649905PQ3 2009-09-01 35395000 CONSTRUCTION & RENOVATION OF FACIL false false false 3785000 0 24301386 2032730 0 0 284050 621028 0 21114179 249399 0 2005 false false true true 2025000 0 17092368 1285831 0 0 301262 460059 0 14852166 193050 0 2007 false false true true 0 0 30000000 0 0 0 0 0 0 0 30000000 0 2010 true false true true 665000 0 35395000 0 0 0 0 0 0 0 35395000 0 2010 true false true true false false false false true 0.00000 0.00000 0.00000 true false false false false true 0.00000 0.00000 0.00000 true false false false false true 0.00000 0.00000 0.00000 true false false false false true 0.00000 0.00000 0.00000 true false false false false false false false false false false true false false true false false true false false true false false true false SCHEDULE K SCHEDULE K, PARTS I-IV SEE SCHEDULE O FOR SCHEDULE K DETAIL. - - 33018 SEE SCH L, PT V PIA STEVENS HAYNES FAMILY MEMBER - SEE PT V 102005 EMPLOYEE OF UNIVERSITY false OKARITA STEVENS FAMILY MEMBER - SEE PT V 114120 EMPLOYEE OF UNIVERSITY false BRAD COHEN FAMILY MEMBER - SEE PT V 164976 EMPLOYEE OF UNIVERSITY false NANCY MARKSBURY FAMILY MEMBER - SEE PT V 100276 EMPLOYEE OF UNIVERSITY false RUFFALO CODY BOARD MEMBER - SEE PT V 269790 PROVIDED SERVICES TO LIU false GRANTS AND ASSISTANCE BENEFITING INTERESTED PERSONS FORM 990, SCHEDULE L, PART III ALUMNI AND MERIT SCHOLARSHIPS AWARDED ON AN OBJECTIVE AND NON-DISCRIMINATORY BASIS. BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS FORM 990, SCHEDULE L, PART IV GALE STEVENS HAYNES GALE STEVENS HAYNES IS AN OFFICER OF THE UNIVERSITY AND HAS THREE FAMILY MEMBERS WHO ARE EMPLOYEES OF THE UNIVERSITY: *PIA STEVENS HAYNES - DAUGHTER *OKARITA STEVENS - SISTER-IN-LAW *BRAD COHEN - SON-IN-LAW PAUL FORESTELL PAUL FORESTELL IS AN OFFICER OF THE UNIVERSITY AND HIS SPOUSE, NANCY MARKSBURY, IS AN EMPLOYEE OF THE UNIVERSITY. BRIAN MADOCKS BRIAN MADOCKS IS A TRUSTEE OF THE UNIVERSITY AND A DIRECTOR OF RUFFALO CODY, AN ORGANIZATION WHICH DOES BUSINESS WITH THE UNIVERSITY. X 11 356324 FAIR MARKET VALUE 0 false true false ORGANIZATION'S MISSION AND VISION FORM 990, PART III, LINE 1 VISION: TOWARD A MORE PEACEFUL AND HUMANE WORLD LONG ISLAND UNIVERSITY ENVISIONS A LEARNING COMMUNITY DEDICATED TO EMPOWERING AND TRANSFORMING THE LIVES OF ITS STUDENTS TO EFFECT A MORE PEACEFUL AND HUMANE WORLD THAT RESPECTS DIFFERENCES AND CHERISHES CULTURAL DIVERSITY; IMPROVING HEALTH AND THE OVERALL QUALITY OF LIFE; ADVANCING SOCIAL JUSTICE AND PROTECTING HUMAN RIGHTS; REDUCING POVERTY; CELEBRATING CREATIVITY AND ARTISTIC EXPRESSION; REWARDING INNOVATION AND ENTREPRENEURSHIP; HONORING EDUCATION AND PUBLIC SERVICE; AND MANAGING NATURAL RESOURCES IN AN ENVIRONMENTALLY-RESPONSIBLE, SUSTAINABLE FASHION. IT ASPIRES TO MOVE TOWARD THIS VISION THROUGH AN INSTITUTIONAL CULTURE THAT IS OPEN TO ALL, CHERISHING AND NURTURING THE EXPANSION OF KNOWLEDGE; INTELLECTUAL INQUIRY AND CRITICAL THOUGHT; ARTISTIC AND CREATIVE EXPRESSION; TEACHING AND LEARNING; AND COMMUNITY SERVICE AS ITS CORE VALUES. THIS VISION SUSTAINS THE UNIVERSITY AND PROVIDES THE FOUNDATION UPON WHICH ITS MISSION RESTS. MISSION: ACCESS AND EXCELLENCE THE MISSION OF LONG ISLAND UNIVERSITY IS TO PROVIDE ACCESS AND EXCELLENCE IN PRIVATE HIGHER EDUCATION TO PEOPLE FROM ALL BACKGROUNDS, WHO SEEK TO EXPAND THEIR KNOWLEDGE AND PREPARE THEMSELVES FOR MEANINGFUL, EDUCATED LIVES AND FOR SERVICE TO THEIR COMMUNITIES AND THE WORLD. BOARD REVIEW OF FORM 990 FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM (KPMG) BASED ON INFORMATION PROVIDED BY THE BUSINESS AND FINANCE DIVISION OF THE UNIVERSITY. THE AUDIT COMMITTEE THEN REVIEWS THE FORM 990 IN A MEETING ATTENDED BY COMMITTEE MEMBERS, MANAGEMENT AND THE INDEPENDENT ACCOUNTANTS. A COPY OF THE FINAL FORM 990 IS PROVIDED TO THE EACH MEMBER OF THE BOARD OF TRUSTEES PRIOR TO FILING THE RETURN WITH THE IRS. THE AUDIT COMMITTEE CHAIR, CHIEF FINANCIAL OFFICER AND THE INDEPENDENT ACCOUNTANTS ARE AVAILABLE TO THE BOARD FOR QUESTIONS. BUSINESS AND FAMILY RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 2 ERIC KRASNOFF (TRUSTEE) AND EDWARD TRAVAGLIANTI (TRUSTEE) HAVE A BUSINESS RELATIONSHIP. MR. TRAVAGLIANTI IS A MEMBER OF THE BOARD OF DIRECTORS OF PALL CORPORATION, A NYSE TRADED COMPANY. MR. KRASNOFF IS CHAIRMAN & CEO OF PALL CORPORATION. STEVEN KUMBLE (TRUSTEE) AND DAVID LIPKA (TRUSTEE) HAVE A BUSINESS RELATIONSHIP. MR. KUMBLE IS CHAIRMAN OF CORINTHIAN CAPITAL GROUP, LLC. MR. LIPKA IS THE EXECUTIVE DIRECTOR OF CORINTHIAN CAPITAL GROUP, LLC. CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES ANNUALLY COMPLETE A QUESTIONNAIRE TO DISCLOSE POTENTIAL CONFLICTS. THE QUESTIONNAIRE INCLUDES KEY DEFINITIONS AND EXAMPLES. IN ADDITION, THE CONFLICT OF INTEREST POLICY IS ANNUALLY REVIEWED WITH OFFICERS, DIRECTORS AND KEY EMPLOYEES AND THE SAME ARE REGULARLY REMINDED TO DISCLOSE ANY CHANGES. FOR ALL ACTUAL OR POTENTIAL CONFLICTS THAT ARE IDENTIFIED BY MANAGEMENT, THE AFFECTED PERSON IS ASKED TO RECUSE HIMSELF OR HERSELF FROM ALL DELIBERATIONS, TRANSACTIONS, NEGOTIATIONS AND OTHER MATTERS RELATING TO ANY SUCH INTEREST. NEW OFFICERS, DIRECTORS AND KEY EMPLOYEES UNDERGO AN ORIENTATION WHICH INCLUDES A REVIEW OF THE CONFLICT OF INTEREST POLICY. COMPENSATION REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 15A AND 15B COMPENSATION FOR THE UNIVERSITY PRESIDENT AND OTHER UNIVERSITY OFFICERS IS ESTABLISHED BY A PROCESS THAT INCLUDES THE USE OF COMPARABILITY DATA, REVIEW AND APPROVAL BY THE COMPENSATION COMMITTEE OF THE UNIVERSITY'S BOARD OF TRUSTEES, AND CONTEMPORANEOUS RECORDKEEPING OF DELIBERATIONS AND DECISIONS. THE COMPENSATION COMMITTEE CONSISTS OF THE CHAIR OF THE BOARD OF TRUSTEES, THE SENIOR VICE CHAIR, THE SECRETARY AND FIVE (5) UNIVERSITY CHANCELLORS. THE PRESIDENT DOES NOT PARTICIPATE IN THE SETTING/REVIEW OF HIS COMPENSATION AND ALL DECISIONS ARE MADE BY INDEPENDENT PERSONS WITHOUT A CONFLICT OF INTEREST WITH RESPECT TO COMPENSATION ARRANGEMENTS. PUBLIC DISCLOSURE OF GOVERNING DOCUMENTS FORM 990, PART VI, SECTION C, LINE 19 LONG ISLAND UNIVERSITY PUBLISHES AN ANNUAL REPORT TO THE COMMUNITY WHICH INCLUDES FINANCIAL STATEMENT HIGHLIGHTS. THIS REPORT IS AVAILABLE ON THE UNIVERSITY'S WEB SITE. THE UNIVERSITY'S CONFLICT OF INTEREST POLICY, AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE TO THE GENERAL PUBLIC ON REQUEST. THE 990 IS ALSO AVAILABLE AT WWW.GUIDESTAR.ORG. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 5 UNREALIZED GAIN ON INVESTMENTS: $ 2,622,794 POSTRETIREMENT CHANGES: $ 175,327 CHANGE IN FMV OF INTEREST RATE SWAP AGREEMENTS: $ 541,797 LOSS ON REFUNDING OF DEBT: $ (518,695) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS: $ 374,027 PROVISION FOR UNCOLLECTABLE CONTRIBUTION AND GRANTS $ 20,000 OTHER NON-OPERATING CHANGE IN NET ASSETS $ 45,721 ------------- $ 3,260,971 ============= SCHEDULE K SCHEDULE K, PARTS I-IV BOND ISSUE A - DORM AUTHORITY STATE OF NEW YORK (2003B series) *THE DIFFERENCE BETWEEN PART I, COLUMN E AND PART II, QUESTION 3 IS DUE TO INTEREST EARNED FROM THE CONSTRUCTION FUND. *PART II, QUESTION 11: AMOUNT LISTED INCLUDES STATE AND ISSUER FEES, TITLE INSURANCE AND SURVEY COSTS. BOND ISSUE B - DORM AUTHORITY STATE OF NEW YORK (2003A series) *THE DIFFERENCE BETWEEN PART I, COLUMN E AND PART II, QUESTION 3 IS DUE TO INTEREST EARNED FROM THE CONSTRUCTION FUND. *PART II, QUESTION 11: AMOUNT LISTED INCLUDES STATE AND ISSUER FEES, TITLE INSURANCE AND SURVEY COSTS. BOND ISSUE C - DORM AUTHORITY STATE OF NEW YORK (2006A-1 series) *PART I, QUESTION F: BONDS REFUNDED - THE BORROWER'S INSURED REVENUE BONDS, SUBSERIES 2006A-1 ISSUED NOVEMBER 9, 2006. *PART III, LINE 2: THE BORROWER HAS ENTERED INTO VARIOUS ARRANGEMENTS WHICH ARE RELATED TO ITS EXEMPT PURPOSES AND WHICH SATISFY THE 50-DAY RULE REQUIREMENTS OF SECTION 1.141-3(D)(3)(II) OF THE TREASURY REGULATIONS. BOND ISSUE D - DORM AUTHORITY STATE OF NEW YORK (2006A-2 series) *PART I, QUESTION F: BONDS REFUNDED - THE BORROWER'S INSURED REVENUE BONDS, SUBSERIES 2006A-2 ISSUED NOVEMBER 9, 2006. *PART III, LINE 2: THE BORROWER HAS ENTERED INTO VARIOUS ARRANGEMENTS WHICH ARE RELATED TO ITS EXEMPT PURPOSES AND WHICH SATISFY THE 50-DAY RULE REQUIREMENTS OF SECTION 1.141-3(D)(3)(II) OF THE TREASURY REGULATIONS.