2025-06-18T05:34:03-05:00 2024-08-31 333709623 COHNREZNICK ADVISORY LLC 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 990 2023-09-01 111630741 ADELPHI UNIVERSITY ADEL 5168773184 1 SOUTH AVENUE LEVERMORE HALL 201 GARDEN CITY NY 11530 MICHAEL RHATTIGAN CFO 2125429609 2025-06-10 1 1 LAURA KIELCZEWSKI P00740769 2122970400 2025-06-17 2023 2025-03-06 01:10:19Z CHRISTINE M RIORDAN 1 SOUTH AVENUE GARDEN CITY NY 115300701 368119702 0 X WWW.ADELPHI.EDU X 1896 NY ADELPHI UNIVERSITY IS DEDICATED TO TRANSFORMING STUDENTS' LIVES THROUGH SMALL CLASSES, HANDS-ON LEARNING AND INNOVATIVE PROGRAMS SUPPORTING ACADEMIC AND CAREER SUCCESS. 28 27 4758 65 -19144 0 12199125 12260278 297464423 321075581 7651563 10630761 323425 377339 317638536 344343959 105011963 119450647 0 0 154193899 160710096 0 0 2987290 72385330 69259096 331591192 349419839 -13952656 -5075880 552495763 567269629 192087901 183266557 360407862 384003072 X SEE SCHEDULE O 0 0 308835495 119450647 299012391 INSTRUCTION AND RELATED ACADEMIC SUPPORT, STUDENT SERVICES AND PUBLIC SUPPORT BENEFITING THE COMMUNITY - THE UNIVERSITY PROVIDES A PERSONALIZED EDUCATION FOR ALL ITS UNDERGRADUATE AND GRADUATE STUDENTS. THE AVERAGE ANNUALIZED ENROLLMENTS FOR FISCAL 2023-2024 WAS 6,525 FULLTIME STUDENTS, COMPRISED OF 5,117 UNDERGRADUATE AND 1,405 GRADUATE/ POST BACCALAUREATE FULL-TIME EQUIVALENT STUDENTS. STUDENTS COME FROM DIVERSE BACKGROUNDS AND ARE NOT ONLY FROM THE NEW YORK AREA, BUT FROM ACROSS THE COUNTRY AND AROUND THE WORLD. ADELPHI'S COLLEGES AND SCHOOLS INCLUDE THE COLLEGE OF ARTS AND SCIENCES, THE GORDON F DERNER SCHOOL OF PSYCHOLOGY, THE HONORS COLLEGE, AND THE COLLEGE OF EDUCATION AND HEALTH SCIENCES, THE ROBERT B WILLUMSTAD SCHOOL OF BUSINESS, THE COLLEGE OF NURSING AND PUBLIC HEALTH, THE SCHOOL OF SOCIAL WORK, AND THE COLLEGE OF PROFESSIONAL AND CONTINUING STUDIES. STUDENTS HAVE ACCESSIBILITY TO STUDENT COUNSELING, CAREER COUNSELING, FINANCIAL AID, AND MENTORING AND OTHER SERVICES AND PROGRAMS OFFERED BY THE UNIVERSITY. ADELPHI HAS EXTENSIVE COMMUNITY HEALTH AND HUMAN SERVICES OUTREACH PROGRAMS, INCLUDING THE HY WEINBERG CENTER FOR COMMUNICATION DISORDERS, THE CENTER FOR PSYCHOLOGICAL SERVICES, AND THE ADELPHI NEW YORK STATEWIDE BREAST CANCER HOTLINE AND SUPPORT PROGRAM, AMONG OTHER COMMUNITY SERVICE PROGRAMS. THESE PROGRAMS ARE OFFERED TO STUDENTS, FACULTY AND STAFF AS WELL AS TO MEMBERS OF THE SURROUNDING COMMUNITY. 22063190 RESIDENTIAL HOUSING AND AUXILIARY ENTERPRISES - THE UNIVERSITY OFFERS STUDENT HOUSING IN SEVEN RESIDENCE HALLS ON ITS MAIN CAMPUS IN GARDEN CITY, NEW YORK. THERE ARE NUMEROUS SPECIAL LIVING OPTIONS WITHIN THESE HALLS, INCLUDING THOSE FOR STUDENTS WHO IDENTIFY AS TRANSGENDER OR WHO DON'T WISH TO BE IDENTIFIED BY GENDER; FIRST-YEAR STUDENTS SELECTED FOR LIVING-LEARNING COMMUNITIES; AND STUDENTS IN THE HONORS COLLEGE. ACCESSIBLE HOUSING IS AVAILABLE FOR STUDENTS WITH DISABILITIES. IN FALL 2023 APPROXIMATELY 1,163 STUDENTS LIVED IN UNIVERSITY RESIDENCE HALLS. 308835495 1 1 0 1 0 0 0 1 0 1 1 1 0 0 1 1 0 1 1 0 1 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 656 0 1 4758 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 28 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC CA CT HI NY PA VA AZ DE ID IN IA MT NE SD TX VT WY X MICHAEL RHATTIGAN 5168773184 1 SOUTH AVENUE GARDEN CITY NY 115300701 DR CHRISTINE RIORDAN PRESIDENT 65.00 X X 945453 0 184855 ALEXANDRA CISCO TRUSTEE 3.00 X 0 0 0 CAREY GREG TRUSTEE 3.00 X 0 0 0 CARMEN ORTIZ TRUSTEE 3.00 X 0 0 0 CURTIS MINNIS TRUSTEE 3.00 X 0 0 0 DOTTIE HERMAN TRUSTEE 3.00 X 0 0 0 FLYNN DOUG TRUSTEE 3.00 X 0 0 0 HUMERA QAZI TRUSTEE 3.00 X 0 0 0 JOSE SINGER TRUSTEE 3.00 X 0 0 0 JUNE COLLISON TRUSTEE 3.00 X 0 0 0 KEVIN GOODMAN TRUSTEE 3.00 X 0 0 0 KEVIN MAHONY TRUSTEE 3.00 X 0 0 0 LADEVALO NICK TRUSTEE 3.00 X 0 0 0 LEONARD ACHAN TRUSTEE 3.00 X 0 0 0 LORETTA CANGIALOSI TRUSTEE 3.00 X 0 0 0 MARC S STRACHAN TRUSTEE 6.00 X 0 0 0 MARK DAVIS TRUSTEE 3.00 X 0 0 0 MICHAEL BALBONI TRUSTEE 3.00 X 0 0 0 MICHAEL SAMMS TRUSTEE 5.00 X 0 0 0 MAHNOOR MAHACSI TRUSTEE 4.00 X 0 0 0 MONIKA MOHACSI TRUSTEE 3.00 X 0 0 0 MOSCOLA JOE TRUSTEE 3.00 X 0 0 0 PAUL SALERNO TRUSTEE 3.00 X 0 0 0 SLUIS KIMBERLY TRUSTEE 3.00 X 0 0 0 STEVE JONES TRUSTEE 3.00 X 0 0 0 SUHIT GUPTA TRUSTEE 3.00 X 0 0 0 SUSAN MURPHY TRUSTEE 3.00 X 0 0 0 WILLIAM FUESSLER TRUSTEE 3.00 X 0 0 0 CHRISTOPHER STORM PROVOST AND EXECUTIVE VP 50.00 X 433047 0 50970 RONALD S BAKARI VICE PRESIDENT FOR STUDENT AFFAIRS 50.00 X 320975 0 65368 MICHAEL RHATTIGAN VICE PRESIDENT-FOR FINANCE 50.00 X 286368 0 62330 KRISTEN CAPEZZA VP FOR ENROLLMENT MANAGEMENT 50.00 X 303938 0 80002 CAROL ANN BOYLE VP OF FACILITIES AND INFORMATION TECHNOLOGY 50.00 X 290642 0 34718 THOMAS KLINE VP OF ADVANCEMENT AND EXTERNAL AFFAIRS 50.00 X 341344 0 83136 JOHN SIDERAKIS VP OF UNIVERSITY WELLNESS, SAFETY AND ADM 50.00 X 266354 0 71145 DEBORAH HUNT DEAN OF COLLEGE OF NURSING AND PUBLIC HEALTH 50.00 X 292638 0 25445 HYUNAH GRAFER AVP OF ADVANCEMENT AND EXTERNAL AFFAIRS 50.00 X 230492 0 24145 MARYANNE HYLAND DEAN SCHOOL OF BUSINESS 50.00 X 286987 0 83298 XIAO LEI WANG DEAN, COLLEGE OF EDUCATION 50.00 X 255262 0 71843 VINCENT WANG DEAN, SCHOOL OF ARTS AND SCIENCES 50.00 X 252707 0 61918 JACQUES BARBER DEAN, SCHOOL OF PSYCHOLOGY 50.00 X 252643 0 63833 ZHIMIN HUANG PROFESSOR OF MARKETING 50.00 X 228380 0 78752 PHILIP ROZARIO PROFESSOR SCHOOL OF SOCIAL WORK 50.00 X 218149 0 18105 JAMES PERRINO FORMER EXECUTIVE VP OF FIN. AND OPS 50.00 X 299092 0 55569 5504471 0 1115432 359 1 1 0 ALL CAMPUS LLC 500 W MADISON ST SUITE 2900 CHICAGO IL 60661 ENROLLMENT SERVICES 2775325 ST FRANCIS COLLEGE 179 LIVINGTON ST BROOKLYN NY 11201 LANDLORD SERVICES 676664 CULLEN AND DYLMAN LLP 100 QUENTIN ROOSEVELT BLVD GARDEN CITY NY 11530 LEGAL SERVICES 647950 PARAGON ADVERTISING 22 CONNOR LANE DEER PARK NY 11706 ADVERTISING SERVICES 396535 WILEY EDUCATION 111 RIVER STREET HOBOKEN NJ 07030 LIBRARY SERVICES 379875 18 231853 6680612 5347813 214155 12260278 TUITION AND FEES 611600 296556597 296556597 STUDENT SUPPORT 721000 22063190 22063190 SALES & SERVICES- EDUCATIONAL DEP 611710 2455794 2455794 321075581 6823043 -19144 6842187 39665 39665 519317 59659 459658 459658 459658 27216813 23409095 3807718 3807718 3807718 185005 231853 306989 -121984 -121984 344343959 321075581 -19144 11027244 119450647 119450647 3603453 709115 2556498 337840 119212022 104585945 13489959 1136118 8182411 7015138 1069073 98200 20759272 15477271 4813937 468064 8952938 7675744 1169746 107448 1295268 1295268 406955 406955 91878 91878 1192094 1192094 5488011 2509257 2919713 59041 2936321 336042 2600209 70 7905480 6783681 933095 188704 2605066 2326968 53066 225032 12179414 11113819 952657 112938 1914415 1869663 10175 34577 1616167 1410663 132943 72561 4707867 4261941 445926 7558441 7128113 408812 21516 2215351 2095722 119629 ASSISTANTSHIPS/REMISSIO 7539617 7482907 55665 1045 PROVISION-DOUBTFUL ACCO 2679940 2679940 CREDIT CARD FEES 235366 232853 2513 COLLECTION COSTS 86592 86592 6604853 6602859 1994 349419839 308835495 37597054 2987290 756899 1750 20874037 9899396 4133088 5349423 5249913 5673017 4851661 4293642 10814525 13681728 458827541 198300524 268058763 260527017 196949696 218648539 26992498 35920021 10332870 9481274 3481813 3793822 552495763 567269629 17297281 17092071 4790000 4502776 43657636 42914709 103884246 98751263 22458738 20005738 192087901 183266557 X 276182756 293999438 84225106 90003634 360407862 384003072 552495763 567269629 X -5075880 29083855 -412765 X 0 1 X 1 1 1 X 19327398 27891795 30024527 12199125 12260278 101703123 19327398 27891795 30024527 12199125 12260278 101703123 2272134 99430989 4556685 3247091 3291063 5344631 7401169 23840639 28579 79791 74462 6221 189053 2000 2000 125734815 1490190063 0.79080 0.79140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 96037 0 0 96037 0 PART II-B, LINE 1: DURING FISCAL YEAR 2023-2024, ADELPHI UNIVERSITY ENGAGED THE FIRM SHENKER RUSSO AND CARK, LLP. THE FIRM PROVIDES COUNSELING TO THE UNIVERSITY AND SERVES AS LIAISON TO APPROPRIATE GOVERNMENT AGENCIES AS NECESSARY, REPORTING ON GOVERNMENT PROGRAMS, BUDGET, REGULATORY, AND LEGISLATIVE ISSUES RELEVANT TO THE UNIVERSITY. DURING FISCAL YEAR 2023-2024, THE UNIVERSITY PAID $96,037 TO THE FIRM, SHENKER, RUSSO AND CLARK, LLP. X 0 223962671 2507714 37870833 2930000 5787579 255623639 212345742 1875381 18882412 2760000 6380864 223962671 235144798 7217384 -21090440 2580000 6346000 212345742 202448000 1079813 39922985 2340000 5966000 235144798 186036085 5599434 18792481 1405620 6574380 202448000 0.68040 0.31960 0.00000 0 0 2158864 2158864 411294019 169039339 242254680 42321401 26503102 15818299 3053257 2758083 295174 260527017 ALTERNATIVE INVESTMENTS AT NAV 35920021 F 35920021 OTHER NOTE AND SWAP LIABILITY 9702529 OPERATING LEASE LABILITY 10303209 20005738 X 252844732 29083855 59659 29143514 223701218 1192094 119450647 120642741 344343959 228836757 59659 59659 228777098 1192094 119450647 120642741 349419839 PART III, LINE 1A: 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. PART X, LINE 2: ADELPHI FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE INCOME TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS "MORE LIKELY THAN NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE 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. ADELPHI HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN ITS CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED AUGUST 31, 2024 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 59,659. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 119,450,647. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 59,659. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 119,450,647. SCHEDULE D, PART V, LINE 4 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 V, LINE 1D THE UNIVERSITY HAS ADOPTED A SPENDING POLICY FOR DONOR-RESTRICTED ENDOWMENT FUNDS. GRANTS AND SCHOLARSHIPS REPORTED ON SCHEDULE D, PART V, LINE 1D IN THE AMOUNT OF $2,930,000 REPRESENT AMOUNTS AWARDED TO STUDENTS IN ACCORDANCE WITH DONOR STIPULATIONS AND THE UNIVERSITY'S ENDOWMENT SPENDING POLICY. IN FISCAL YEAR 2023-2024, THE UNIVERSITY AWARDED STUDENTS INSTITUTIONAL FINANCIAL AND TOTALING $119,450,647. INSTITUTIONAL AID OF APPROXIMATELY $116.1 MILLION WAS FUNDED BY THE UNIVERSITY'S ANNUAL OPERATING BUDGET. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 SEE SUPPLEMENTAL PAGE SCHEDULE E, PART 1, LINE 3 THIS POLICY IS PUBLICIZED IN PRINTED MEDIA WITH NEWSPAPER ADVERTISEMENTS AS WELL AS IN THE COURSE REGISTRATION GUIDES. SCHEDULE E, PART 1, LINE 6A 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. EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 INVESTMENTS 14354257 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 29680038 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 INVESTMENTS 17135 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 INVESTMENTS 7800181 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 INVESTMENTS 98341 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 INVESTMENTS 17994 0 0 0 0 0 0 51967946 0 51967946 1 0 0 1 1 0 X X X X X X X 0 SC CA CT HI NY PA VA AZ DE ID IN IA MT NE SD TX VT WY GOLF CLASSIC 210318 165063 45255 54640 107550 PRESIDENT'S GALA 147890 13140 134750 96039 8600 1 58650 53650 5000 31855 8305 416858 231853 185005 182534 124455 306989 -121984 1 SCHOLARSHIPS TO STUDENTS 5469 119450647 FMV FINANCIAL AID SCHEDULE I, PART I, LINE 2: 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 IS CONDUCTED ANNUALLY BY THE UNIVERSITY'S EXTERNAL AUDITORS, AS REQUIRED BY TITLE 2 U.S. CODE OF FEDERAL REGULATIONS PART 200, UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS AND GOVERNMENT AUDITING STANDARDS AND RELATED INFORMATION. X X X X 1 1 X X X X X 0 1 0 0 0 0 0 1 0 DR CHRISTINE RIORDAN PRESIDENT 758225 0 150000 0 37228 0 120825 0 64030 0 1130308 0 30410 0 CHRISTOPHER STORM PROVOST AND EXECUTIVE VP 395547 0 15000 0 22500 0 41350 0 9620 0 484017 0 0 0 THOMAS KLINE VP OF ADVANCEMENT AND EXTERNAL AFFAI 309812 0 10000 0 21532 0 31350 0 51786 0 424480 0 0 0 RONALD S BAKARI VICE PRESIDENT FOR STUDENT AFFAIRS 294725 0 10000 0 16250 0 32518 0 32850 0 386343 0 0 0 KRISTEN CAPEZZA VP FOR ENROLLMENT MANAGEMENT 288938 0 15000 0 0 0 28313 0 51689 0 383940 0 0 0 MARYANNE HYLAND DEAN SCHOOL OF BUSINESS 286987 0 0 0 0 0 34507 0 48791 0 370285 0 0 0 JAMES PERRINO FORMER EXECUTIVE VP OF FIN. AND OPS 229092 0 0 0 70000 0 30514 0 25055 0 354661 0 70000 0 MICHAEL RHATTIGAN VICE PRESIDENT-FOR FINANCE 281368 0 5000 0 0 0 10000 0 52330 0 348698 0 0 0 JOHN SIDERAKIS VP OF UNIVERSITY WELLNESS, SAFETY AN 261354 0 5000 0 0 0 21903 0 49242 0 337499 0 0 0 XIAO LEI WANG DEAN, COLLEGE OF EDUCATION 255262 0 0 0 0 0 30346 0 41497 0 327105 0 0 0 CAROL ANN BOYLE VP OF FACILITIES AND INFORMATION TEC 285642 0 5000 0 0 0 32987 0 1731 0 325360 0 0 0 DEBORAH HUNT DEAN OF COLLEGE OF NURSING AND PUBLI 292638 0 0 0 0 0 24874 0 571 0 318083 0 0 0 JACQUES BARBER DEAN, SCHOOL OF PSYCHOLOGY 242243 0 0 0 10400 0 30026 0 33807 0 316476 0 0 0 VINCENT WANG DEAN, SCHOOL OF ARTS AND SCIENCES 246113 0 0 0 6594 0 25057 0 36861 0 314625 0 0 0 ZHIMIN HUANG PROFESSOR OF MARKETING 228380 0 0 0 0 0 23516 0 55236 0 307132 0 0 0 HYUNAH GRAFER AVP OF ADVANCEMENT AND EXTERNAL AFFA 230492 0 0 0 0 0 23209 0 936 0 254637 0 0 0 PHILIP ROZARIO PROFESSOR SCHOOL OF SOCIAL WORK 218149 0 0 0 0 0 17648 0 457 0 236254 0 0 0 PART I, LINE 1A AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE UNIVERSITY, 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. THE PRESIDENT IS REQUIRED TO TRAVEL TO ATTEND MEETINGS AND EVENTS RELEVANT TO THE UNIVERSITY'S MISSION. THE UNIVERSITY PAYS RELATED EXPENSES FOR THE TRAVEL AND ATTENDANCE OF THE PRESIDENT'S SPOUSE FOR THOSE EVENTS REQUIRING THE SPOUSE'S PRESENCE AS A BUSINESS PURPOSE. AS THE PRESIDENT'S CONTRACT PROVIDES: FIRST CLASS AIR TRAVEL MAY BE PROVIDED BY THE UNIVERSITY FOR ONLY THOSE FLIGHTS IN EXCESS OF THREE HOURS. PART I, LINE 4B THE PRESIDENT PARTICIPATED IN A NONQUALIFIED DEFERRED COMPENSATION PLAN WHICH WAS EFFECTIVE AS OF JULY 1, 2015. $68,642 IS INCLUDED UNDER THIS PLAN FOR THE CURRENT YEAR AS DEFERRED COMPENSATION IN SCH J, PART II, COLUMN (C). IN ADDITION, CERTAIN INDIVIDUALS PARTICIPATED IN NONQUALIFIED DEFERRED COMPENSATION PLANS WITH EFFECTIVE DATES AS NOTED BELOW. THE AMOUNTS INDICATED BELOW ARE INCLUDED FOR THE CURRENT YEAR AS DEFERRED COMPENSATION IN SCH J, PART II, COLUMN (C): KRISTEN CAPEZZA (EFFECTIVE 9/1/17): $10,000 JAMES PERRINO (EFFECTIVE 9/1/18, REVISED 9/1/19): $10,000 HYUNAH GRAFER (EFFECTIVE 9/1/18): $10,000 CHRISTOPHER STORM (EFFECTIVE 7/1/21): $10,000 EUGENE PALMA (EFFECTIVE 3/15/21): $10,000 SENTWALI BAKARI (EFFECTIVE 12/1/20): $10,000 PART I, LINE 7 BONUSES WERE PAID IN 2023 TO CERTAIN INDIVIDUALS WHO MET PERFORMANCE GOALS AND METRICS DURING THE YEAR AND THE AMOUNTS HAVE BEEN INCLUDED IN PART II COLUMN B (II) AS TAXABLE INCOME. A TOWN OF HEMPSTEAD LOCAL DEVELOPMENT CORPORATION 112798949 424682EY4 2013-11-14 46003624 CONSTRUCT NEXUS & WELCOME CTR 0 0 0 B TOWN OF HEMPSTEAD LOCAL DEVELOPMENT CORPORATION 112798949 434682FT4 2014-09-30 36419001 ADV. REFUNDING - 2005 SERIES BONDS 0 0 0 C TOWN OF HEMPSTEAD LOCAL DEVELOPMENT CORPORATION 112798949 424682KL5 2019-05-09 28288702 REFUND 2009 SERIES/RENOVATION 0 0 0 D TOWN OF HEMPSTEAD LOCAL DEVELOPMENT CORPORATION 112798949 424682CF7 2021-03-31 16437989 REFUND 2011 SERIES 0 0 0 A 7269865 46093784 545152 45548632 2013 0 1 1 1 B 10461886 36419001 635842 35783159 2014 0 0 1 1 C 5240987 28303702 462597 7015000 20826105 2019 1 1 1 1 D 4007821 16437989 328760 16109229 2021 1 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00040 0.00040 0 0 1 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 1 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: TOWN OF HEMPSTEAD LOCAL DEVELOPMENT CORPORATION DATE THE REBATE COMPUTATION WAS PERFORMED: 05/09/2024 ISSUER NAME: TOWN OF HEMPSTEAD LOCAL DEVELOPMENT CORPORATION DATE THE REBATE COMPUTATION WAS PERFORMED: 03/31/2024 SCHEDULE K, PART II, LINE 3, COLUMNS B AND D TOTAL PROCEEDS OF THE BOND ISSUE FOR THE BONDS LISTED IN PART II, LINE 3, COLUMNS B AND D DIFFER FROM THE ISSUE PRICES LISTED IN PART I, LINES B AND D AS A RESULT OF INVESTMENT EARNINGS ON THE BOND PROCEEDS. SCHEDULE K, PART IV, LINE 2C ARBITRAGE - REBATE COMPUTATION FOR EACH OUTSTANDING BOND ISSUE. THE UNIVERSITY'S OUTSIDE CONSULTING FIRM HAS DETERMINED THAT THERE WERE NO ARBITRAGE REBATE LIABILITIES FOR EACH OUTSTANDING BOND ISSUE. THE DATES THAT THE REBATE COMPUTATIONS WERE PERFORMED FOR EACH BOND ISSUE ARE AS FOLLOWS: TOWN OF HEMPSTEAD LDC, SERIES 2013 - FEBRUARY 6, 2018; TOWN OF HEMSPTEAD LDC, SERIES 2014 - OCTOBER 28, 2015; SCHEDULE K, PART III, LINE 9 AND PART V THE UNIVERSITY COMPLIES WITH THE REGULATIONS OF INTERNAL REVENUE CODE SECTIONS 1.141-12, 1.145-2 AND 148 AS WELL AS THE REQUIREMENTS WHICH ARE DOCUMENTED IN THE TAX COMPLIANCE AGREEMENT OF THE BOND DOCUMENTS FOR EACH BOND ISSUE. ON AN ON-GOING BASIS, MANAGEMENT MONITORS ANY PRIVATE BUSINESS ACTIVITY WHICH MAY BE CONDUCTED IN FACILITIES THAT HAVE BEEN CONSTRUCTED USING TAX EXEMPT BOND FINANCING. IN ADDITION, AN OUTSIDE CONSULTING FIRM DETERMINES ANY ARBITRAGE REBATE AND YIELD REDUCTION LIABILITIES UNDER THE LAWS CONTAINED IN SECTION 148 OF THE INTERNAL REVENUE CODE FOR EACH OF THE UNIVERSITY'S TAX EXEMPT BOND ISSUES. X 16 214155 FMV 0 1 0 PART I, COLUMN (B): SCHEDULE M, PART I, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 AND ALL SCHEDULES AND FORM 990-T 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. FORM 990, PART VI, SECTION B, LINE 12C 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 POTENTIAL CONFLICTS OF INTEREST. ANY POTENTIAL TRANSACTIONS OR RELATIONSHIPS ARE REVIEWED AND DOCUMENTED ON THE 990 AND SCHEDULE L. FORM 990, PART VI, SECTION B, LINE 15 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 OFFICES OF OTHER COLLEGES AND UNIVERSITIES WITHIN OUR SUPPORTED PEER GROUP OF OTHER UNIVERSITIES. THEIR REPORT IS PRESENTED TO THE EXECUTIVE COMMITTEE OF THE UNIVERSITY'S BOARD OF TRUSTEES. IN ADDITION, THE COMPENSATION OF THE UNIVERSITY'S KEY EMPLOYEES IS REVIEWED ANNUALLY. COMPARISONS ARE MADE TO THE SALARIES REPORTED BY THE COLLEGE AND UNIVERSITY PERSONNEL ASSOCIATION AS WELL AS THE COMPENSATION REPORTED IN OTHER UNIVERSITY'S FORM 990. THE EXECUTIVE COMMITTEE OF THE UNIVERSITY'S BOARD OF TRUSTEES ACTS AS THE COMPENSATION COMMITTEE. RECOMMENDATIONS ON COMPENSATION ARE APPROVED BY THE FULL BOARD AND ARE CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES TO THOSE MEETINGS. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP OBLIGATION -412,765. BLACKCAT ADVERTISING AGENCY LLC C/O ADELPHI UNIVERSITY SOUTH GARDEN CITY NY 11530 412109172 ADVERTISING NY 0 0 ADELPHI UNIVERSITY