2025-05-08T15:20:58-05:00 2024-06-30 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2023-07-01 111797182 MOLLOY UNIVERSITY MOLL 5163233000 1000 HEMPSTEAD AVENUE ROCKVILLE CENTRE NY 115701135 STEPHEN HIETSCH INTERIM CFO 5163233000 2025-05-08 1 1 SCOTT THOMPSETT P00741490 2125990100 2023 2025-03-06 01:10:19Z JAMES P LENTINI 1000 HEMPSTEAD AVENUE ROCKVILLE CENTRE NY 115701135 284838698 0 X WWW.MOLLOY.EDU X 1955 NY MOLLOY IS AN INDEPENDENT CATHOLIC UNIVERSITY ROOTED IN THE DOMINICAN TRADITION OF STUDY. 23 22 2413 100 560124 0 7326172 8230322 149925474 159688661 701030 8797221 1251950 1363744 159204626 178079948 36887691 40877581 0 0 86162534 87273651 0 0 1636356 43078584 42737611 166128809 170888843 -6924183 7191105 254798458 255940839 131350550 125919103 123447908 130021736 X MOLLOY UNIVERSITY, AN INDEPENDENT CATHOLIC UNIVERSITY, ROOTED IN THE DOMINICAN TRADITION OF STUDY, SPIRITUALITY, SERVICE, AND COMMUNITY, IS COMMITTED TO ACADEMIC EXCELLENCE WITH RESPECT FOR EACH PERSON. THROUGH TRANSFORMATIVE EDUCATION, MOLLOY PROMOTES A LIFELONG SEARCH FOR TRUTH AND THE DEVELOPMENT OF ETHICAL LEADERSHIP. 0 0 144658450 40877581 159985907 SEE SCHEDULE OMOLLOY IS A PRIVATE REGIONAL COMPREHENSIVE UNIVERSITY GROUNDED IN THE CATHOLIC IDEALS OF TRUTH AND RESPECT FOR THE DIGNITY AND WORTH OF EVERY INDIVIDUAL. THE FOUNDERS, THE DOMINICAN SISTERS OF AMITYVILLE, BELIEVED THAT CONFERRING PROFESSIONAL DEGREES WITH A STRONG LIBERAL ARTS CORE WOULD ALLOW STUDENTS TO SERVE IN THEIR CHOSEN FIELDS OF WORK WITH EXCELLENCE, COMPASSION, AND CREATIVITY. CONTINUING IN THAT TRADITION TODAY, MOLLOY'S ACADEMIC, EXPERIENTIAL, AND SERVICE OPPORTUNITIES ARE RESPONSIVE TO THE NEEDS OF THE REGION. THE UNIVERSITY REMAINS DEDICATED TO PROVIDING AN EXCEPTIONAL STUDENT EXPERIENCE, WORKFORCE DEVELOPMENT THROUGH COMMUNITY PARTNERSHIPS, AND INNOVATIVE APPROACHES TO EDUCATION.A WIDE RANGE OF ACADEMIC OPTIONS INCLUDE MORE THAN 50 UNDERGRADUATE MAJORS, AS WELL AS MASTER'S AND DOCTORAL DEGREE PROGRAMS. THE UNIVERSITY'S 4,970 STUDENTS COMPRISE OUR FOUR SCHOOLS, THE BARBARA H. HAGAN SCHOOL OF NURSING AND HEALTH SCIENCES, THE SCHOOL OF BUSINESS, THE SCHOOL OF ARTS AND SCIENCES, AND THE SCHOOL OF EDUCATION AND HUMAN SERVICES. STUDENTS BENEFIT FROM A BREADTH OF UNIVERSITY-LEVEL OFFERINGS INCLUDING ATHLETICS, A VIBRANT STUDENT LIFE CULTURE AND NCAA DIVISION II ATHLETIC TEAMS. MOLLOY'S MAIN CAMPUS IN ROCKVILLE CENTRE, NY, IS HOME TO THREE RESIDENCE HALLS, AND THE MADISON THEATRE. THE MANHATTAN CENTER AT 50 BROADWAY, SUFFOLK CENTER IN AMITYVILLE, AND CENTER FOR ENVIRONMENTAL RESEARCH AND COASTAL OCEANS MONITORING ON THE ATLANTIC OCEAN IN SAYVILLE, NY PROVIDE LEARNING AND EXPERIENTIAL OPPORTUNITIES AND ADVANTAGES. MOLLOY WAS RECENTLY AWARDED FOUR STARS BY MONEY MAGAZINE ON ITS LIST OF 'BEST COLLEGES,' WHICH FOCUSES ON AFFORDABILITY AND STUDENT OUTCOMES. THE UNIVERSITY WAS ALSO HONORED BY U.S. NEWS AND WORLD REPORT AS A 'COLLEGE OF DISTINCTION.' 144658450 1 1 0 1 0 0 0 1 1 1 1 0 0 1 1 1 1 0 1 0 1 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 493 0 1 2413 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 23 22 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X STEPHEN HIETSCH 5163233000 1000 HEMPSTEAD AVENUE ROCKVILLE CENTRE NY 115701135 JAMES P LENTINI PRESIDENT 35.00 0.00 X X 525078 0 79605 JOHN P MCENTEE CHAIRPERSON 1.00 0.00 X X 0 0 0 SR MARGARET MCVETTY VICE CHAIRPERSON 1.00 0.00 X X 0 0 0 JOHN J BISHAR JR TRUSTEE 1.00 0.00 X 0 0 0 SAMMY CHU TRUSTEE 1.00 0.00 X 0 0 0 DIANE ESPOSITO TRUSTEE 1.00 0.00 X 0 0 0 MAUREEN EVERS-WILLOX TRUSTEE 1.00 0.00 X 0 0 0 LAURA FARAHANI TRUSTEE 1.00 0.00 X 0 0 0 JOSEPH J FENNESSY TRUSTEE 1.00 0.00 X 0 0 0 NICOLETTE FIORE-LOPEZ TRUSTEE 1.00 0.00 X 0 0 0 KEVIN G GERSHOWITZ TRUSTEE (AS OF 05/2024) 1.00 0.00 X 0 0 0 JEFFREY H GREENFIELD TRUSTEE 1.00 0.00 X 0 0 0 DAVID M HAGAN TRUSTEE (THRU 05/2024) 1.00 0.00 X 0 0 0 DANIEL F HINES TRUSTEE 1.00 0.00 X 0 0 0 S ZAKI HOSSAIN TRUSTEE 1.00 0.00 X 0 0 0 SHARI JAMES-PIERRE TRUSTEE 1.00 0.00 X 0 0 0 SR ANNE-MARIE KIRMSE TRUSTEE (THRU 05/2024) 1.00 0.00 X 0 0 0 SR PATRICIA KOEHLER TRUSTEE 1.00 0.00 X 0 0 0 WAYNE H LIPTON TRUSTEE (AS OF 07/2023) 1.00 0.00 X 0 0 0 TIMOTHY MOONEY TRUSTEE 1.00 0.00 X 0 0 0 COREY MUIRHEAD TRUSTEE 1.00 0.00 X 0 0 0 KENNETH J PRITCHARD TRUSTEE 1.00 0.00 X 0 0 0 SUSAN SANTORO TRUSTEE (THRU 05/2024) 1.00 0.00 X 0 0 0 SR KATHLEEN TUITE TRUSTEE 1.00 0.00 X 0 0 0 KRISTY L UVENA TRUSTEE 1.00 0.00 X 0 0 0 JOHN WESTERMAN TRUSTEE 1.00 0.00 X 0 0 0 SUSAN D WILLIAMS VICE PRESIDENT FINANCE & TREASURER 35.00 0.00 X 279789 0 18950 DIANE K FORNIERI - CHIEF OF STAFF & SECRETARY (THRU 11/2023) 35.00 0.00 X 161101 0 46445 MATTHEW ALBANESE - SR DIR OF COMPLIANCE & SECRETARY (AS OF 11/23) 35.00 0.00 X 130955 0 24614 EDWARD J THOMPSON VICE PRESIDENT OFFICE OF ADVANCEMENT 35.00 0.00 X 264195 0 60487 CHERYL MICHELLE PISKULICH PROVOST & VP ACADEMIC AFFAIRS 35.00 0.00 X 290462 0 42670 LINDA ALBANESE VICE PRESIDENT ENROLLMENT MANAGEMENT 35.00 0.00 X 221426 0 13812 JANINE BISCARI VICE PRESIDENT STUDENT AFFAIRS 35.00 0.00 X 219979 0 13698 MICHAEL J OLIVO CHIEF INFORMATION OFFICER 35.00 0.00 X 162585 0 10423 MARCIA GARDNER DEAN OF NURSING 35.00 0.00 X 234873 0 69476 BARBARA T SCHMIDT - ASSOCIATE PROVOST ACADEMIC AFFAIRS 35.00 0.00 X 275911 0 23405 GIOIA BALES DEAN OF BUSINESS 35.00 0.00 X 239784 0 54982 KATHLEEN MAURER SMITH DEAN OF GRADUATE ACADEMIC AFFAIRS 35.00 0.00 X 244835 0 33510 JOHN CARPENTE PROFESSOR 35.00 0.00 X 204722 0 43837 3455695 0 535914 160 0 1 0 LESSING'S FOOD SVC MGMT 3500 SUNRISE HWY STE 100 GREAT RIVER NY 11739 FOOD SERVICES 1731236 AUSTIN & WILLIAMS INC 80 ARKAY DRIVE STE 220 HAUPPAUGE NY 11788 MEDIA SERVICES 1571088 ASSESSMENT TECH INSTITUTE INC 62277 COLLECTIONS CTR DR CHICAGO IL 60693 EDUCATIONAL SERVICES 923800 CUTLASS INDUSTRIAL INC 193 HORTON AVENUE LYNBROOK NY 11563 CONSTRUCTION/RENOVATION 912359 JENSPARK INC 101 HUNTINGTON AVE STE 2200 BOSTON MA 02199 MARKETING SERVICES 478112 28 490271 3286891 4453160 5000 8230322 TUITION AND FEES 611310 154214957 154214957 STUDENT AUX. SERVICES 611710 5473704 5473704 159688661 3420477 235 3420242 4736 4736 317557 42521 275036 275036 160589 114447 111726936 106350192 5376744 5376744 5376744 175568 490271 347329 -171761 -171761 99641 18708 80933 80933 THEATRE PERFORMANCES 711110 399300 399300 CONFERENCE REVENUE 900099 200000 200000 STDNT. THEATRE PERF. 711110 97246 97246 478254 478254 1174800 178079948 159985907 560124 9303595 19513 19513 40858068 40858068 2517411 2253850 225986 37575 62099271 55597768 5574595 926908 2568376 2299479 230561 38336 14951110 13385799 1342148 223163 5137483 4599613 461187 76683 331971 331971 196170 196170 320031 320031 7579361 4260060 3297004 22297 2007479 303302 1688956 15221 1739445 1307467 367177 64801 2992401 858416 2133310 675 4579569 3156619 1421489 1461 1147542 1064941 72035 10566 2899672 2606238 265870 27564 3849299 2682603 1165282 1414 8078552 5647138 2431414 2116292 7720 2108572 BLDG. GROUNDS & MAINT. 1599747 1097742 500274 1731 STUDENT TESTING EXP. 1286173 1286173 MEMBERSHIPS 349688 192657 154141 2890 STUDENT RECRUITMENT 136138 136138 1528081 1037146 305864 185071 170888843 144658450 24594037 1636356 5240318 5402871 37478893 38666141 4492054 2010759 2688111 3332443 1769512 1454527 2686619 2718065 232527967 110076025 127545893 122451942 45982827 54331624 3692876 3628725 78750 26250 23142605 21917492 254798458 255940839 13080988 11935066 1667668 1536467 3748162 3787335 82894463 80037094 3348733 3377069 26610536 25246072 131350550 125919103 X 110029430 115614665 13418478 14407071 123447908 130021736 254798458 255940839 X 7191105 703016 -1320293 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 21 21 0 FORM 990, SCHEDULE C, PART II-B, LINE 1: MOLLOY UNIVERSITY IS A DUES PAYING MEMBER OF NACUBO, EACUBO, AND CICU; A PORTION OF ITS ANNUAL DUES ARE ATTRIBUTABLE TO LOBBYING AND ARE REPORTED IN SCHEDULE C, PART II-B, LINE 1(I). THE UNIVERSITY'S ALLOCATED PORTION OF MEMBERSHIP DUES ATTRIBUTABLE TO LOBBYING AMOUNTS TO LESS THAN $100. 322451 X 0 0 1 X 49255498 299023 6750483 133250 56171754 44564248 248294 4509506 66550 49255498 52552443 768892 -8543173 213914 44564248 43648437 732083 8374430 202507 52552443 40758565 554200 2518733 183061 43648437 0.83140 0.13300 0.03560 0 0 3273630 3273630 178551446 68825053 109726393 7291836 4479788 2812048 43338907 36771184 6567723 72148 72148 122451942 FUNDS HELD WITH TRUSTEE 4425092 RIGHT-OF-USE ASSETS 16538446 CASH SURRENDER VALUE OF DONATED LIFE INSURANCE POLICY 953954 21917492 BOND INTEREST PAYABLE 1890250 RIGHT-OF-USE LEASE LIABILITY 20410849 CONDITIONAL ASSET RETIREMENT OBLIGATION 2944973 25246072 X 138810575 703016 -40060916 -39357900 178168475 320031 -408558 -88527 178079948 132236747 1728851 1728851 130507896 320031 40060916 40380947 170888843 PART III, LINE 4: THE UNIVERSITY MAINTAINS AN ARTWORK COLLECTION IN VARIOUS BUILDINGS FOR THE ENJOYMENT OF STUDENTS, EMPLOYEES, AND VISITORS TO ITS CAMPUS. PART IV, LINE 2B: MOLLOY UNIVERSITY HAD $3,377,069 IN STUDENT CREDIT BALANCES AT JUNE 30, 2024. THESE BALANCES REPRESENT POTENTIAL TUITION MONEY OWED TO STUDENTS DUE TO OVER-PAYMENT, FINANCIAL AID APPLIED TO THE STUDENT'S ACCOUNT OR PAYMENTS. PART V, LINE 4: THE UNIVERSITY'S ENDOWMENT FUND IS INTENDED TO SUPPORT THE UNIVERSITY'S EDUCATIONAL MISSION. THE ENDOWMENT EARNINGS ARE USED TO FUND THE UNIVERSITY'S DAILY OPERATIONS, INCLUDING SCHOLARSHIPS, STUDENT PROGRAMS, AND OTHER CAMPUS ACTIVITIES. THE BOARD OF TRUSTEES, THROUGH ITS APPROVED INVESTMENT POLICY GUIDELINES, HAS INTERPRETED THE NEW YORK PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS (NYPMIFA) TO ALLOW THE UNIVERSITY TO SPEND BELOW THE HISTORICAL DOLLAR VALUE OF ITS ENDOWMENT UNLESS SPECIFIC DONORS HAVE STIPULATED TO THE CONTRARY. THE UNIVERSITY'S ENDOWMENT CONSISTS OF 126 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. PART X, LINE 2: THE UNIVERSITY 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 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. THE UNIVERSITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE UNIVERSITY HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE UNIVERSITY HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2024 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: INSTITUTIONAL AID AND SCHOLARSHIPS -40,060,916. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -347,329. RENTAL EXPENSES -42,521. GAMING EXPENSES -18,708. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNCOLLECTIBLE STUDENT TUITION (BAD DEBT) 1,314,743. SPECIAL EVENT EXPENSES 347,329. RENTAL EXPENSES 42,521. GAMING EXPENSES 18,708. WRITE-OFF OF UNCOLLETIBLE PLEDGES 5,550. PART XII, LINE 4B - OTHER ADJUSTMENTS: INSTITUTIONAL AID AND SCHOLARSHIPS 40,060,916. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NONDISCRIMINATION POLICIES ARE PUBLISHED IN CATALOGS AND PUBLICATIONS, AS WELL AS, ON THE UNIVERSITY WEBSITE. LINE 6 - EXPLANATION OF GOVERNMENT FINANCIAL AID: THE UNIVERSITY RECEIVES FEDERAL FUNDING MAINLY FROM THE UNITED STATES DEPARTMENT OF EDUCATION PRIMARILY THROUGH THE STUDENT FINANCIAL ASSISTANCE CLUSTER. IN ADDITION, THE UNIVERSITY RECEIVED FINANCIAL AID FROM THE FOLLOWING GOVERNMENTAL AGENCIES DURING FISCAL YEAR 2024: - EMPIRE STATE DEVELOPMENT CORPORATION - NATIONAL ENDOWMENT FOR THE ARTS - NATIONAL SCIENCE FOUNDATION - NEW YORK STATE OFFICE OF STATE COMPTROLLER - NEW YORK STATE COUNCIL OF THE ARTS - NEW YORK STATE EDUCATION DEPARTMENT - NEW YORK STATE OFFICE OF HIGHER EDUCATION - SUBSTANCE ABUSE AND MENTAL HEALTH SERVICES ADMINISTRATION - U.S. DEPARTMENT OF EDUCATION - U.S. DEPARTMENT OF JUSTICE CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 2497211 0 0 0 0 0 0 2497211 0 2497211 1 0 1 0 1 0 GOLF OUTING 249330 182670 66660 36863 103667 11333 GALA 223459 194551 28908 1512 31829 28675 24731 1 193050 113050 80000 13089 95115 515 665839 490271 175568 51464 198782 31829 28675 36579 347329 -171761 99641 8223 10485 0 99641 8223 10485 18708 80933 NY 1 0 1 0 0.99000 0.01000 STEPHEN HIETSCH 1000 HEMPSTEAD AVENUE ROCKVILLE CENTRE NY 11571 0 EDWARD THOMPSON SEE SCHEDULE G, PART IV X 0 SCHEDULE G, PART III, COLUMN (C): THE UNIVERSITY DID NOT CONDUCT ANY FORMAL GAMING ACTIVITIES IN FISCAL YEAR 2024; ALL GAMING REVENUES REPORTED IN FORM 990 PART VIII, AND SCHEDULE G REPRESENT SMALL RAFFLES CONDUCTED BY STUDENT CLUBS ON CAMPUS. SCHEDULE G, PART III, LINE 16, DESCRIPTION OF SERVICES PROVIDED: THE UNIVERSITY DOES NOT EMPLOY A GAMING MANAGER. THE INDIVIDUAL LISTED IS THE VICE PRESIDENT FOR ADVANCEMENT AND IS RESPONSIBLE FOR THE FUNDRAISING COMPONENT OF REVENUES, ALONG WITH THE DIRECTOR OF ATHLETICS, WHO RAISES FUNDS FOR THE ATHLETIC DEPARTMENT. 1 THE UNIVERSITY OF TENNESSEE 910 MADISON AVE STE 823 MEMPHIS TN 381630001 626001636 501(C)(3) 15404 0 SUPPORT FOR STUDY ON IMPROVISATIONAL MUSIC THERAPY OUTCOMES FOR CHILDREN WITH AUTISM 1 INSTITUTIONAL AID AND SCHOLARSHIPS 3002 40454024 STIPENDS 205 363965 FACULTY RESEARCH GRANTS 13 40079 PART I, LINE 2: IN FISCAL YEAR 2024, MOLLOY UNIVERSITY RECEIVED A GRANT FROM THE NATIONAL ENDOWMENT FOR THE ARTS TO SUPPORT INITIATIVES AT THE REBECCA CENTER FOR MUSIC THERAPY. THE APPROVED GRANT PROPOSAL INCLUDED A SUB-AWARD TO THE UNIVERSITY OF TENNESSEE'S HEALTH SCIENCE CENTER, TO PARTNER WITH MOLLOY IN ACCORDANCE WITH 2 CFR 200, SUBPART F AUDIT REQUIREMENTS. THE AWARD WAS GRANTED FOR THE PURPOSE OF SUPPORTING A STUDY EXAMINING WHETHER AN IMPROVISATIONAL MUSIC THERAPY PROGRAM CAN IMPROVE OUTCOMES FOR CHILDREN WITH AUTISM. THE UNIVERSITY OF TENNESSEE PROVIDES MOLLOY WITH DETAILED REPORTS AND APPROPRIATE DOCUMENTATION OF THEIR PROGRESS THROUGHOUT THE GRANT AWARD TERM. THE UNIVERSITY FOLLOWS FEDERAL, STATE AND INSTITUTIONAL POLICIES AND REGULATIONS TO MONITOR GRANTS AND FUNDS: 1) THE STUDENT APPLIES FOR THE GRANTS; 2) GRANTS ARE AWARDED FROM THE VARIOUS FUNDING SOURCES DEPENDING ON NEED AND/OR ACADEMIC STANDING; 3) THE STUDENT'S ELIGIBILITY IS VERIFIED THROUGH FEDERAL, STATE AND INSTITUTIONAL REQUIREMENTS, MATRICULATION, REGISTRATION, ATTENDANCE AND ACADEMIC PROGRESS; 4) GRANTS AND AWARDS ARE PROCESSED ONTO THE STUDENT'S ACCOUNT; 5) WHERE LOANS ARE INVOLVED, THE UNIVERSITY FOLLOWS UP WITH THE REGULATORY REQUIREMENTS AFTER GRADUATION. THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) IS AN INTEGRAL PART OF THIS PROCESS. X X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 JAMES P LENTINI PRESIDENT 414156 0 12500 0 98422 0 21577 0 58028 0 604683 0 0 0 CHERYL MICHELLE PISKULICH PROVOST & VP ACADEMIC AFFAIRS 290462 0 0 0 0 0 17671 0 24999 0 333132 0 0 0 EDWARD J THOMPSON VICE PRESIDENT OFFICE OF ADVANCEMENT 258621 0 0 0 5574 0 1297 0 59190 0 324682 0 0 0 MARCIA GARDNER DEAN OF NURSING 234873 0 0 0 0 0 14824 0 54652 0 304349 0 0 0 BARBARA T SCHMIDT - ASSOCIATE PROVOST ACADEMIC AFFAIRS 275911 0 0 0 0 0 9087 0 14318 0 299316 0 0 0 SUSAN D WILLIAMS VICE PRESIDENT FINANCE & TREASURER 279789 0 0 0 0 0 16741 0 2209 0 298739 0 0 0 GIOIA BALES DEAN OF BUSINESS 239784 0 0 0 0 0 14881 0 40101 0 294766 0 0 0 KATHLEEN MAURER SMITH DEAN OF GRADUATE ACADEMIC AFFAIRS 244835 0 0 0 0 0 7835 0 25675 0 278345 0 0 0 JOHN CARPENTE PROFESSOR 204722 0 0 0 0 0 8299 0 35538 0 248559 0 0 0 LINDA ALBANESE VICE PRESIDENT ENROLLMENT MANAGEMENT 219738 0 0 0 1688 0 13224 0 588 0 235238 0 0 0 JANINE BISCARI VICE PRESIDENT STUDENT AFFAIRS 216079 0 0 0 3900 0 12949 0 749 0 233677 0 0 0 DIANE K FORNIERI - CHIEF OF STAFF & SECRETARY (THRU 11/2023) 152182 0 0 0 8919 0 9773 0 36672 0 207546 0 0 0 MICHAEL J OLIVO CHIEF INFORMATION OFFICER 162585 0 0 0 0 0 9741 0 682 0 173008 0 0 0 MATTHEW ALBANESE - SR DIR OF COMPLIANCE & SECRETARY (AS OF 11/23) 130955 0 0 0 0 0 8099 0 16515 0 155569 0 0 0 PART I, LINE 1A THE UNIVERSITY'S PRESIDENT, JAMES P. LENTINI, IS PROVIDED CERTAIN PREREQUISITES BY VIRTUE OF HIS POSITION AT THE UNIVERSITY. BY CONTRACT, THE PRESIDENT IS ENTITLED TO USE OF A RESIDENCE, A CAR ALLOWANCE AND REIMBURSEMENT FOR SOCIAL CLUB DUES. THE USE OF RESIDENCE IS TREATED AS A TAXABLE FRINGE BENEFIT (REPORTABLE IN FORM 990, SCHEDULE J, PART II, COLUMN (B)(III)). BOTH THE PRESIDENT, JAMES P. LENTINI, AND VICE PRESIDENT FOR ADVANCEMENT, EDWARD J. THOMPSON, ARE REIMBURSED FOR SOCIAL CLUB DUES. SINCE THE SOCIAL CLUB IS USED BY BOTH SOLELY IN A BUSINESS CAPACITY, THIS CONSTITUTES A NON-TAXABLE FRINGE BENEFIT AND IS INCLUDED IN SCHEDULE J, PART II, COLUMN (D). FINALLY, THE VICE PRESIDENT FOR ADVANCEMENT IS ENTITLED TO A CAR ALLOWANCE; THE PERSONAL USE OF THE CAR IS A TAXABLE FRINGE BENEFIT AND IS INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III). PART I, LINE 7 PRESIDENT, JAMES P. LENTINI, RECEIVED A $12,500 BONUS IN CALENDAR YEAR 2023, AUTHORIZED AT THE DISCRETION OF THE BOARD FOR MEETING CERTAIN OBJECTIVE PERFORMANCE-BASED CRITERIA. THE PRESIDENT'S FULL COMPENSATION PACKAGE, INCLUSIVE OF ANY BONUSES RECEIVED, AS WELL AS THE AFOREMENTIONED FRINGE BENEFITS, IS APPROVED BY THE BOARD OF TRUSTEES TO ENSURE THAT IT ALIGNS WITH COMPENSATION PAID TO SIMILARLY SITUATED INDIVIDUALS AT EDUCATIONAL INSTITUTIONS IN THE SAME GEOGRAPHICAL REGION. ALL COMPENSATION DECISIONS APPROVED BY THE BOARD ARE MEMORIALIZED IN COMMITTEE MEETING MINUTES. A TOWN OF HEMPSTEAD LOCAL DEVELOPMENT CORPORATION 112798949 424682GE6 2014-11-14 32574808 TO FINANCE THE COST OF A NEW ACADEMIC BUILDING. 0 0 0 B TOWN OF HEMPSTEAD LOCAL DEVELOPMENT CORPORATION 112798949 424682HD7 2017-07-01 49942142 TO REFINANCE THE SERIES 2009 BONDS. 0 0 0 C TOWN OF HEMPSTEAD LOCAL DEVELOPMENT CORPORATION 112798949 424682JU7 2018-10-18 16104560 TO FINANCE THE COST OF A NEW DORMITORY BUILDING 0 0 0 A 4470000 32574808 1480180 344543 465667 30284418 2016 1 1 1 1 B 9215000 49942142 672867 48923275 2017 0 1 1 1 C 1480000 16104560 527083 322484 15135862 2019 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 SCHEDULE K, PART IV, LINE 2C, COLUMN A: THE UNIVERSITY COMMISSIONED AN INDEPENDENT THIRD PARTY BOND ARBITRAGE SPECIALIST TO DETERMINE WHETHER ANY ARBITRAGE EXISTED ON ITS 2014 BOND ISSUANCE. THE ARBITRAGE REPORT WAS ISSUED ON NOVEMBER 14TH, 2024 AND THE CONSULTANT CONCLUDED THAT NO REBATE WAS DUE. SCHEDULE K, PART IV, LINE 2C, COLUMN B: THE UNIVERSITY COMMISSIONED AN INDEPENDENT THIRD PARTY BOND ARBITRAGE SPECIALIST TO DETERMINE WHETHER ANY ARBITRAGE EXISTED ON ITS 2017 BOND ISSUANCE. THE ARBITRAGE REPORT WAS ISSUED ON JULY 7TH, 2022 AND THE CONSULTANT CONCLUDED THAT NO REBATE WAS DUE. SCHEDULE K, PART IV, LINE 2C, COLUMN C: THE UNIVERSITY COMMISSIONED AN INDEPENDENT THIRD PARTY BOND ARBITRAGE SPECIALIST TO DETERMINE WHETHER ANY ARBITRAGE EXISTED ON ITS 2018 BOND ISSUANCE. THE ARBITRAGE REPORT WAS ISSUED ON NOVEMBER 14, 2023 AND THE CONSULTANT CONCLUDED THAT NO REBATE WAS DUE. FORM 990, PART VI, SECTION A, LINE 2 LINDA ALBANESE AND MATTHEW ALBANESE HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE UNIVERSITY'S FORM 990 IS PREPARED BY AN INDEPENDENT THIRD PARTY ACCOUNTING FIRM IN CONJUNCTION WITH THE UNIVERSITY'S FINANCE DEPARTMENT. THE 990 IS REVIEWED IN DETAIL BY MANAGEMENT AND THEN SHARED WITH THE UNIVERSITY'S AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES. UPON APPROVAL BY THE AUDIT COMMITTEE, A COPY OF THE COMPLETE FORM 990 IS SHARED WITH THE FULL BOARD OF DIRECTOR PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE UNIVERSITY'S BOARD OF TRUSTEES AND SENIOR MANAGEMENT MAY, FROM TIME TO TIME, BE ASSOCIATED, EITHER DIRECTLY OR INDIRECTLY, WITH COMPANIES DOING BUSINESS WITH THE UNIVERSITY. THE UNIVERSITY HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT REQUIRES, AMONG OTHER THINGS, THAT NO MEMBER OF THE BOARD OF TRUSTEES MAY PARTICIPATE IN ANY DECISION IN WHICH HE OR SHE HAS A MATERIAL FINANCIAL INTEREST. EACH TRUSTEE AND SENIOR MANAGER ARE REQUIRED TO CERTIFY COMPLIANCE WITH THE CONFLICT-OF-INTEREST POLICY ON AN ANNUAL BASIS AS WELL AS DISCLOSE ANY POTENTIAL RELATED-PARTY TRANSACTIONS TO THE AUDIT, RISK MANAGEMENT AND COMPLIANCE COMMITTEE. WHEN SUCH A RELATIONSHIP EXISTS, THE UNIVERSITY REQUIRES THAT SUCH TRANSACTIONS BE CONDUCTED AT ARMS' LENGTH, WITH TERMS THAT ARE FAIR AND REASONABLE TO AND FOR THE BENEFIT OF THE UNIVERSITY. FOR SENIOR MANAGEMENT, THE UNIVERSITY REQUIRES ANNUAL DISCLOSURE OF SIGNIFICANT FINANCIAL INTERESTS IN, OR GOVERNANCE OF EMPLOYMENT OR CONSULTING RELATIONSHIPS WITH, ENTITIES DOING BUSINESS WITH THE UNIVERSITY. WHEN SUCH RELATIONSHIPS EXIST, MEASURES ARE TAKEN TO APPROPRIATELY MANAGE THE ACTUAL OR PERCEIVED CONFLICT IN THE BEST INTEREST OF THE UNIVERSITY. NO RELATED PARTY TRANSACTIONS EXISTED FOR FISCAL YEAR 2024 AND 2023 THAT REQUIRE DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION OF THE PRESIDENT OF THE UNIVERSITY IS APPROVED BY THE BOARD OF TRUSTEES. THE COMPENSATION OF THE PRESIDENT IS BASED ON SEVERAL FACTORS, INCLUDING DATA COLLECTED FROM AND COMPARED TO VARIOUS UNIVERSITIES AND UNIVERSITIES IN OUR PEER GROUP. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY DOES NOT POST ITS FINANCIAL STATEMENTS ON ITS WEBSITE. COPIES ARE MADE AVAILABLE UPON REQUEST. THE FORM 990 IS POSTED ON GUIDESTAR AND IS MADE AVAILABLE IN THE UNIVERSITY'S FINANCE OFFICE. BYLAWS AND OTHER GOVERNING DOCUMENTS ARE MAINTAINED ON PREMISES AND AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: WRITE-OFF OF UNCOLLECTIBLE PLEDGES -5,550. UNCOLLECTIBLE STUDENT TUITION (BAD DEBT) -1,314,743.