Long Island University

“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 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.”

“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 for the university president and other university officers is established by a process that includes the use of externally provided 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 secretary and the university chancellors. The president does not participate in the setting/review of her compensation and all decisions are made by independent persons without a conflict of interest with respect to compensation arrangements. The university engages an outside consulting firm to review the comparables and to assist the committee in its deliberations. The consulting firm reviews compensation of the university's officers in comparison to those officers of other universities. Their report is presented to the executive committee of the university's board of trustees. The most recent review took place in september 2023.”

“Document review policy 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.”

“Brief description of organization's mission to provide excellence and access 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.”

“Mission: access and excellence long island university was founded on the principle of educating and empowering men and women from all walks of life. Through our mission of access and excellence, the liu community remains committed, above all else to the educational needs and interests of our diverse student body. We strive to cultivate and expand academic, professional, artistic and co-curricular opportunities, enabling students to realize their full potential as ethically grounded, intellectually vigorous and socially responsible global citizens.”

“Postretirement changes -2,381,394. Change in fmv of interest rate swap agreements -722,283. Change in value of split interest agreements 83,271. Other reclassifications 456,540.”

“This policy covers all members of the university community-students, faculty and staff-as well as those who interact with members of the university community such as vendors or visitors. The university encourages everyone to report all incidents of discrimination or harassment, regardless of who the offender may be.”