Long Island University
- Assets
- $871.4m
- Revenue
- $438.3m
- Investments
- $260.0m
- Employees
- 3,292
- Location
- Brookville, NY
- Founding
- 06/1942
- Data as of
- 08/2021
- EIN
- 11-1633516
Organization Overview
Long Island University is located in Brookville, NY. The organization was established in 1942. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 08/2023, Long Island University employed 3,292 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Long Island University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2021, Long Island University generated $438.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $392.2m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EXCELLENCE AND ACCESS IN EDUCATION TO THOSE WHO SEEK TO EXPAND THEIR KNOWLEDGE. SEE SCH O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION, ACADEMIC SUPPORT, AND INSTITUTIONAL SUPPORT - THE UNIVERSITY OFFERS BOTH CREDIT AND NONCREDIT COURSES FOR ACADEMIC AND VOCATIONAL INSTRUCTION. THE UNIVERSITY OFFERS 240 DEGREE AND CERTIFICATE PROGRAMS TO OVER 17,000 STUDENTS, AND EMPLOYS 410 FULL-TIME FACULTY OVER FIVE CAMPUSES. ACTIVITIES IN THIS CATEGORY ALSO INCLUDE SUPPORT SERVICES SUCH AS LIBRARIES, EDUCATIONAL MEDIA SERVICES, ACADEMIC COMPUTING SUPPORT, AND ACADEMIC ADMINISTRATION.
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 1,650 STUDENTS RESIDE IN THE DORMS.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Kimberly Cline President | OfficerTrustee | 60 | $1,053,231 |
Cherie Serota Trustee/visit. Asst. Prof. | Trustee | 35 | $93,510 |
Rao S Anumolu Trustee | Trustee | 1 | $0 |
Roger L Bahnik Trustee (deceased 2/23) | Trustee | 1 | $0 |
Thomas M Buonaiuto Chair Audit Committee | Trustee | 3 | $0 |
Daniel B Fisher Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Food Service & Maintenance | 8/30/23 | $21,434,504 |
A & A Maintenance Janitorial Services | 8/30/23 | $17,661,241 |
Axis Construction Corp Construction | 8/30/23 | $17,160,980 |
Allied Universal Security Services Security | 8/30/23 | $4,411,499 |
William J Schwartz Ptpc Student Athletic Training | 8/30/23 | $2,144,394 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,797,267 |
| Investment income | $3,198,806 |
| Tax Exempt Bond Proceeds | $30,932 |
| Royalties | $0 |
| Net Rental Income | $166,526 |
| Net Gain/Loss on Asset Sales | $11,171,069 |
| Net Income from Fundraising Events | -$60,603 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $438,322,403 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $94,136,723 |
| Grants and other assistance to Foreign Orgs/Individuals | $5,892,537 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,486,385 |
| Compensation to disqualified persons | $354,499 |
| Other salaries and wages | $117,852,858 |
| Pension plan accruals and contributions | $7,146,262 |
| Other employee benefits | $23,661,285 |
| Payroll taxes | $10,119,040 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $590,743 |
| Fees for services: Accounting | $867,435 |
| Fees for services: Lobbying | $187,800 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,542,348 |
| Fees for services: Other | $13,166,684 |
| Advertising and promotion | $1,138,004 |
| Office expenses | $6,402,032 |
| Information technology | $4,944,748 |
| Royalties | $0 |
| Occupancy | $47,640,250 |
| Travel | $1,735,222 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $142,344 |
| Interest | $4,335,549 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,432,190 |
| Insurance | $1,067,359 |
| All other expenses | $0 |
| Total functional expenses | $392,187,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $70,277,582 |
| Pledges and grants receivable | $3,984,797 |
| Accounts receivable, net | $17,065,492 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,361,684 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,014,314 |
| Investments—publicly traded securities | $143,774,001 |
| Investments—other securities | $259,969,056 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,427,346 |
| Total assets | $871,358,980 |
| Accounts payable and accrued expenses | $17,035,071 |
| Grants payable | $7,421,611 |
| Deferred revenue | $31,993,763 |
| Tax-exempt bond liabilities | $78,166,834 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $113,270,174 |
| Total liabilities | $247,887,453 |
| Net assets without donor restrictions | $513,339,397 |
| Net assets with donor restrictions | $110,132,130 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $623,471,527 |