Civic Intelligence

Syracuse University

990 • Fiscal year 2014 • EIN 15-0532081

Jul 01, 2013 to Jun 30, 2014 • Filed on May 08, 2015

Skytop Office Bldg Skytop RoadSuite 12213244-5300

(315) 443-3765

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

40th percentile

0.31x

Higher debt load relative to assets than 40% of similar nonprofits.

2014 filings • 501(c)3 • $1B+ nonprofits • Source year 2014

Liabilities / Revenue

42nd percentile

0.67x

Higher debt load relative to revenue than 42% of similar nonprofits.

2014 filings • 501(c)3 • $1B+ nonprofits • Source year 2014

Net Margin

46th percentile

8.0%

Higher net margin than 46% of similar nonprofits.

2014 filings • 501(c)3 • $1B+ nonprofits • Source year 2014

Top Officer Pay

65th percentile

$2,144,384

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2014 filings • 501(c)3 • $1B+ nonprofits • Source year 2014

Asset Growth

66th percentile

11%

Faster asset growth than 66% of similar nonprofits.

2014 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$2,656,991,491

Up $260,979,183 (+11%) from 2013

Net Assets

Up

$1,836,657,686

Up $168,460,806 (+10%) from 2013

Liabilities

Up

$820,333,805

Up $92,518,377 (+13%) from 2013

Revenue

$1,226,485,952

No earlier filing loaded for comparison.

Expenses

Up

$1,128,791,081

Up $41,348,901 (+3.8%) from 2013

Net Income

$97,694,871

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0B$4.0B$2.0B$0Assets 2010: $2,161,769,188Liabilities 2010: $702,806,799Net Assets 2010: $1,458,962,3892010Assets 2011: $2,239,201,408Liabilities 2011: $634,444,111Net Assets 2011: $1,604,757,2972011Assets 2012: $2,278,730,399Liabilities 2012: $747,360,080Net Assets 2012: $1,531,370,3192012Assets 2013: $2,396,012,308Liabilities 2013: $727,815,428Net Assets 2013: $1,668,196,8802013Assets 2014: $2,656,991,491Liabilities 2014: $820,333,805Net Assets 2014: $1,836,657,6862014Assets 2015: $2,668,632,803Liabilities 2015: $826,429,278Net Assets 2015: $1,842,203,5252015Assets 2016: $2,688,394,910Liabilities 2016: $864,433,720Net Assets 2016: $1,823,961,1902016Assets 2017: $2,854,624,621Liabilities 2017: $833,667,419Net Assets 2017: $2,020,957,2022017Assets 2018: $3,035,514,012Liabilities 2018: $801,365,968Net Assets 2018: $2,234,148,0442018Assets 2019: $3,208,471,300Liabilities 2019: $847,896,412Net Assets 2019: $2,360,574,8882019Assets 2020: $3,525,794,177Liabilities 2020: $1,152,679,960Net Assets 2020: $2,373,114,2172020Assets 2021: $3,919,538,933Liabilities 2021: $1,113,607,637Net Assets 2021: $2,805,931,2962021Assets 2022: $4,035,936,698Liabilities 2022: $1,227,193,487Net Assets 2022: $2,808,743,2112022Assets 2023: $4,268,712,597Liabilities 2023: $1,225,485,910Net Assets 2023: $3,043,226,6872023

Highlighted filing

2014

Assets$2,656,991,491
Liabilities$820,333,805
Net Assets$1,836,657,686

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0B$1.5B$1.0B$500M$0Expenses 2010: $979,923,6762010Expenses 2011: $1,013,689,4092011Expenses 2012: $1,073,215,2052012Expenses 2013: $1,087,442,1802013Revenue 2014: $1,226,485,952Expenses 2014: $1,128,791,081Net Income 2014: $97,694,8712014Revenue 2015: $1,269,059,737Expenses 2015: $1,178,788,210Net Income 2015: $90,271,5272015Revenue 2016: $1,266,122,237Expenses 2016: $1,218,868,630Net Income 2016: $47,253,6072016Revenue 2017: $1,357,874,902Expenses 2017: $1,259,953,506Net Income 2017: $97,921,3962017Revenue 2018: $1,409,942,742Expenses 2018: $1,284,205,296Net Income 2018: $125,737,4462018Revenue 2019: $1,523,155,355Expenses 2019: $1,368,544,252Net Income 2019: $154,611,1032019Revenue 2020: $1,522,525,721Expenses 2020: $1,411,580,571Net Income 2020: $110,945,1502020Revenue 2021: $1,510,275,831Expenses 2021: $1,349,889,136Net Income 2021: $160,386,6952021Revenue 2022: $1,729,445,030Expenses 2022: $1,493,187,941Net Income 2022: $236,257,0892022Revenue 2023: $1,739,194,343Expenses 2023: $1,605,970,896Net Income 2023: $133,223,4472023

Highlighted filing

2014

Revenue$1,226,485,952
Expenses$1,128,791,081
Net Income$97,694,871
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 8, 2015
Return Version
2013v4.0
Gross Receipts
$1,384,895,799
Mission and Program Overview

Mission

Syracuse university (su) is a non-profit university devoted to education, teaching, and research.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$958,354,324$1,029,522,842▲ $71,168,518
Investments Other Securities$641,471,072$736,340,188▲ $94,869,116
Investments in Publicly Traded Securities$481,898,672$567,294,280▲ $85,395,608
Savings and Temporary Cash Investments$127,653,993$127,466,437▼ $187,556
Pledges and Grants Receivable$79,590,749$80,784,229▲ $1,193,480
Investments Program Related$32,722,456$34,124,755▲ $1,402,299
Accounts Receivable$37,006,508$33,403,976▼ $3,602,532
Prepaid Expenses and Deferred Charges$12,208,862$15,978,474▲ $3,769,612
Cash and Non-Interest-Bearing Accounts$9,952,530$13,645,117▲ $3,692,587
Inventories for Sale or Use$10,465,126$11,890,680▲ $1,425,554
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$2,396,012,308$2,656,991,491▲ $260,979,183
Other Assets Total$4,688,016$6,540,513▲ $1,852,497
Liabilities
Tax Exempt Bond Liabilities$383,810,608$448,183,831▲ $64,373,223
Accounts Payable and Accrued Expenses$207,987,241$231,922,167▲ $23,934,926
Other Liabilities$91,471,801$92,708,369▲ $1,236,568
Deferred Revenue$30,197,488$33,835,118▲ $3,637,630
Mortgage Notes Payable Secured by Investment Property$12,643,928$11,922,410▼ $721,518
Escrow Account Liability$1,704,362$1,761,910▲ $57,548
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Total Liabilities$727,815,428$820,333,805▲ $92,518,377
Net Assets / Fund Balance
Unrestricted Net Assets$1,108,509,720$1,218,806,743▲ $110,297,023
Permanently Rstr Net Assets$379,062,959$399,882,863▲ $20,819,904
Temporarily Rstr Net Assets$180,624,201$217,968,080▲ $37,343,879
Total Net Assets Fund Balance$1,668,196,880$1,836,657,686▲ $168,460,806
Total Liabilities and Net Assets / Fund Balance$2,396,012,308$2,656,991,491▲ $260,979,183

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$931,509,290$645,316,170$1,576,825,460
Other Land Buildings$49,565,508$171,611,078$221,176,586
Equipment$20,872,401$74,330,802$95,203,203
Land$27,575,643-$27,575,643
Other Securities$75,670,266--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$1,028,501,282$25,174,519▲ $153,495,023$38,293,649$1,156,034,730
2012$916,521,664$65,361,162▲ $96,160,366$37,285,368$1,028,501,282
2011$890,579,165$63,785,156▲ $19,037,950$44,674,815$916,521,664
2010$617,218,033$216,483,897▲ $119,518,112$49,554,166$890,579,165
2009$556,869,570$10,926,980▲ $106,225,383$42,030,917$617,218,033
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
James a Boeheim JrBasketball Head CoachFT$1,705,937$438,447$2,144,384
Scott ShaferFootball Head CoachFT$1,213,282$89,439$1,302,721
Nancy CantorChancellor and PresidentFT$681,087$347,882$1,028,969
Daryl J GrossDirector of AthleticsFT$567,776$280,886$848,662
Louis G MarcocciaExecutive VP and CFOFT$521,964$221,107$743,071
Eric F SpinaVice Chancellor and ProvostFT$469,698$91,534$561,232
James B SteinbergDean/professorFT$487,733$54,074$541,807
Thomas J WalshEvp Advance & External AffairFT$376,594$162,470$539,064
Melvin T StithProfessorFT$461,230$35,593$496,823
George M LangfordDean/professorFT$390,513$27,688$418,201
Christopher M SedoreSr VP for Enrollment Mgmt.FT$309,963$48,573$358,536
Brian C SischoVP for DevelopmentFT$258,790$77,772$336,562
Karen L AlstonSenior VP Human Capital Dev.FT$274,705$40,249$314,954
ELIZABETH O'ROURKEVP for Principal GiftsFT$272,892$40,498$313,390
Mary Ann TyszkoVP Strategic Bus. Dev. & Inno.FT$260,019$47,614$307,633
Donald a SalehVP for Enrollment Mgmt.FT$267,242$36,280$303,522
Kevin C QuinnSenior VP for Public AffairsFT$255,332$47,162$302,494
Charles P MerrihewVP for Adv. & External AffairsFT$257,867$41,883$299,750
Ruth E KaplanVP for External AffairsFT$267,955$25,625$293,580
Ben R WareDean/professorFT$247,378$43,285$290,663
Cathryn R NewtonProfessorFT$244,149$41,421$285,570
Sherburne B AbbottVP-sustainability InitiativesFT$256,477$26,863$283,340
Gina Lee-glauserVP for ResearchFT$233,173$46,813$279,986
Ryan WilliamsAssoc VP for Enrollment MgmtFT$229,524$33,402$262,926
Rebecca L FooteComptrollerFT$219,015$42,672$261,687
Marilyn R HigginsVP Community Engage. Eco. Dev.FT$214,429$32,510$246,939
Dickens MathieuSr VP & General CounselFT$178,461$58,953$237,414
Barbara L WellsTreasurerFT$156,256$66,924$223,180
Paul B GandelProfessorFT$191,828$28,872$220,700
F Thomas Rose IiiChro/VP Human Capital Dev.FT$200,881$5,753$206,634
Nicole L BrownVP Communications & CMOFT$176,924$19,002$195,926
Rebecca Reed KantrowitzSr VP & Dean Student AffairsFT$156,680$36,935$193,615
Larry MartinVP Program DevelopmentFT$153,243$23,268$176,511
Thomas V WolfeSr VP & Dean of Student AffairFT$144,565$24,888$169,453
Peter WebberDirector of AuxiliariesFT$106,766$59,959$166,725
Samuel J Scozzafava JrInterim CIO & VP It ServicesFT$126,521$27,290$153,811
David J SmithTreasurerFT$65,489$13,144$78,633

Highest Paid Contractors

ContractorServicesLocationCompensation
Bond Schoeneck King PllcAttorneys-$2,770,451
Accenture LLPConsultants-$2,161,886
Bain Company INCConsultants-$1,740,265
Gluckman Mayner ArchitectsArchitects-$1,528,323
Bell Spina PCArchitects-$925,609
Revenue and Support

Revenue Composition

Contributions and Grants
$80,592,540
Program Service Revenue
$1,059,920,012
Investment Income
$86,171,260
Other Revenue
$-197,860
All Other Contributions
$74,396,336
Change in Net Assets
$97,694,871

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded127$3,084,143Market Value
Other Non Cash Contri Table79$1,696,649Market Value
Other Non Cash Contri Table6$1,101,973Market Value
Works of Art2$21,500Appraised Value
Books and Publications-$15,196Appraised Value
Total Noncash Contributions214$5,919,461-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,222,590,913
Revenue Not Reported on Financial Statements
$3,895,039
Revenue Not Reported on Form 990
$-215,729,058
Other Revenue Adjustments
$1,119,309
Total Revenue per Audited Statements
$1,006,861,855
Total Revenue per Form 990
$1,226,485,952
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$521,666,720
Other Expenses$316,566,149
Grants and Similar Amounts Paid$290,558,212
Total Fundraising Expense$16,314,654
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$367,943,322$6,716,078$7,038,977$381,698,377
Grants to Domestic Individuals$278,619,123--$278,619,123
Other Employee Benefits$69,133,543$2,852,241$1,895,600$73,881,384
Depreciation Depletion$59,913,865$1,281,660$621,946$61,817,471
All Other Expenses$37,780,167$1,110,880$68,828$38,959,875
Travel$34,945,542$273,018$1,190,381$36,408,941
Occupancy$34,591,019$1,049,022$376,320$36,016,361
Office Expenses$33,616,327$1,076,336$1,096,862$35,789,525
Pension Plan Contributions$28,938,703$577,817$591,545$30,108,065
Payroll Taxes$23,372,355$841,991$571,313$24,785,659
Fees for Services Other$19,215,489$4,482,456$371,404$24,069,349
Interest$15,518,989--$15,518,989
Foreign Grants$11,739,089--$11,739,089
Information Technology$10,315,290$166,906$143,394$10,625,590
Current Officers, Directors, Trustees, and Key Employees$1,330,609$6,311,853$2,035,426$9,677,888
Fees for Services Legal$2,968,068$4,006,197$7,212$6,981,477
Conferences and Meetings$3,932,521$12,381$104,256$4,049,158
Fees for Service Investment Mgmnt Fees-$2,775,730-$2,775,730
Advertising$2,477,806$25,395$140,964$2,644,165
Comp Disqual Persons$1,515,347--$1,515,347
Insurance$1,413,542--$1,413,542
Fees for Services Accounting-$552,220-$552,220
Royalties$392,525--$392,525
Fees for Services Lobbying$253,574--$253,574
Grants to Domestic Orgs$200,000--$200,000
Other Expenses$7,822,449$82,334$60,226$82,334
Total Functional Expenses$1,078,270,625$34,205,802$16,314,654$1,128,791,081

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,128,791,081
Total Expenses per Audited Statements$838,168,069
Expenses per Audited Statements$833,435,726
Expenses Not Reported on Financial Statements$295,355,355
Other Expense Adjustments$292,579,625
Expenses Not Reported on Form 990$4,732,343
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
15-0616499-501(c)(3)Collaboative Support$200,000

International Summary

Offices
8
Employees
206
Spending
$256,429,726

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
Yes
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestmentsHigher Ed221$206,440,411
Europe (Including Iceland and Greenland)Program Services---$28,147,239
Europe (Including Iceland and Greenland)Grantmaking---$9,765,073
Europe (Including Iceland and Greenland)InvestmentsHigher Ed--$3,456,705
East Asia and the PacificProgram ServicesHigher Ed--$3,072,032
East Asia and the PacificGrantmakingHigher Ed--$1,349,353
South AmericaProgram Services---$928,429
Middle East and North AfricaProgram Services---$689,743
North AmericaInvestments---$513,469
North AmericaProgram Services---$475,370
East Asia and the PacificInvestmentsHigher Ed--$398,056
South AmericaGrantmaking---$310,490
Sub-Saharan AfricaProgram Services---$235,370
South AsiaProgram Services---$143,610
Middle East and North AfricaGrantmaking---$119,984
Sub-Saharan AfricaGrantmaking---$119,872
Central America and the CaribbeanProgram ServicesHigher Ed5175$118,584
Europe (Including Iceland and Greenland)Fundraising---$29,743
Central America and the CaribbeanGrantmakingHigher Ed110$27,995
South AsiaGrantmaking---$24,372
Russia and the Newly Independent StatesGrantmaking---$21,950
Central America and the CaribbeanFundraisingHigher Ed--$16,132
Russia and the Newly Independent StatesProgram Services---$15,566
East Asia and the PacificFundraisingHigher Ed--$4,739
Middle East and North AfricaFundraising---$3,014
North AmericaFundraising---$2,175
Sub-Saharan AfricaFundraising---$250
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$292,551
Fundraising Gross Income$230,254
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 2$116,545$65,674$19,694$45,980
Event 1$562,736$60,036$167,381$-107,345
Total Events$839,309$230,254$292,551$-62,297
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Hueber- Breuer Construction CoincTrustee- James BreuerConstruction ServicesNo$44,409,970
Drumlins IncBoard MembersDining and Recreation ServicesNo$1,172,210
Alliance Energy Transmission SyracuTrustee- Samuel G NappiDesign & Engineering ServicesNo$889,689
Loon Creek Propertiespeck HallTrustee- Joshua H HeintzLease Pmt/leasehold Improv.No$527,000
James SteinbergSpouse- Sherburne AbbottUniv. Employee Dean/professorNo$497,672
Mark N GlauserSpouse- Gina Lee-glauserUniv. Employee- Assoc DeanNo$180,581
Eric S SedoreBrother- Chris M SedoreUniv. Employee- Dir It/serviceNo$129,648
Kandice Lynn SalomoneSpouse- Paul B GandelUniv. Employee- Assoc DeanNo$128,558
Sylvia T LangfordSpouse- George M LangfordUniv. Employee- Assoc. VpNo$123,047
Hubert BrownSpouse- Nicole L BrownUniv. Employee- Assoc DeanNo$121,274
Stephen DorusSon in Law- D MacnaughtonAssociate Professor BiologyNo$99,727
Daria D WebberSpouse- Peter WebberUniv. Employee- SupervisorNo$49,035
Steven R BrechinSpouse- Nancy CantorUniv. Employee- ProfessorNo$46,690
Ruth ChenSpouse - Kent SyverudUniv. Employee - ProfessorNo$46,513
Sam EdelsteinSon of David G EdelsteinAsso.dir of Reg. Pgms and Eng.No$43,324
Katherine DopulosDaughter-christine LarsenUniv. Employee-adm. CounselorNo$25,228
Christopher C MerrihewSon of Charles MerrihewUniv. Employee- SupervisorNo$24,050

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Postretirement Benefit$39,707,683
Refundable Government Loans$26,613,183
Asset Retirement Obligations$26,387,503

Bond Issues

BondIssuerIssuedIssue PricePurpose
B16-12310502008-01-30$105,000,000CONSTRUCTION & EQUIPMENT
A16-12310502005-12-13$80,000,000Capital improvement & acquisition
D80-05166462010-01-14$70,440,000Multi-purp. Issue -refunding bonds
B80-05166462013-09-12$67,827,371Multi-purpose issue-non-refunding
A80-05166462011-07-07$50,693,415Multi-purpose issue-non-refunding
C80-05166462010-01-14$40,896,714Multi-purpose issue -non-refunding

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$106,128,306$0$5,550,000$631,443
A$84,386,885$0$0$1,339,056
D$70,440,000$69,892,548$0$518,439
B$67,833,001$0$0$572,007
A$50,702,030$0$2,165,000$569,737
C$40,898,838$0$570,000$401,811

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

EIN
15-0532081
In Care Of
% JEAN B GALLIPEAU
Phone
3154433765

Signing Officer

Name
Jean B Gallipeau
Title
Comptroller
Phone
3154433765
Signed
2015-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kent Syverud
Formed
1870
Legal Domicile
Ny
Voting Board Members
58
Independent Board Members
52
Employees
17,552
Volunteers
1,318

Preparer

Preparer
TARA D'AGOSTINO
Phone
3154433765
Supplemental Narrative

Additional Explanations

Volunteers

Form 990, part i, line 6 volunteers are indispensable to the university in the accomplishment of the university's educational mission. The board of trustees is a completely volunteer board comprised of individuals who give of their time, energy and talents to provide guidance for the efficient and effective governance of the university. Students and staff volunteer their time and effort in activities such as helping freshmen students move into dormitories and acquainting them with the campus. Students also assist in development activities, such as the annual "telefund", to raise funds needed to support the university's educational mission.

Other Program Services

Form 990, part iii, line 4d other program service expenditures support the university's academic and research initiatives through provision of academic support, student services and general institutional support, the critical components to seamless delivery and to meeting the needs and expectations of syracuse university's students and faculty.

Business Relationships

Form 990, part vi, section a, line 2 louis g. Marcoccia, barbara l. Wells, and rebecca l. Foote have a business relationship as they are officers of syracuse university and drumlins, inc. Louis g. Marcoccia and rebecca l. Foote have a business relationship as they are officers of syracuse university and are also a director or an officer of syracuse ideas, inc. Trustees laurie b. Taishoff and robert p. Taishoff have a family relationship.

Review Process

Form 990, part vi, section b, line 11b the university provided its substantially complete form 990 to members of the trustees audit committee and compensation committee. Accompanying the 990 was a report highlighting important sections, data and points, and changes from the previous form 990. A conference call with these committee members was held for the university's executive vice president and chief financial officer to review the form and summary report. This review included a walkthrough of the form and schedules with dialogue on significant items and points and a further expansion of information provided in the summary report. Questions were addressed as raised by committee members. Once finalized, the complete copy of the university's final form 990 (including all required schedules, as ultimately filed with the irs) is provided to each voting member of the board through a secured syracuse university board of trustees web portal before its filing with the irs.

Conflict of Interest Policy

Form 990, part vi, section b, line 12c the university's regular and consistent monitoring and enforcement compliance of the conflict of interest policy: article x of the university's bylaws require an annual conflict of interest questionnaire be completed by each trustee and officer. Additionally, the university requires key employees, highest compensated employees and other identified employees and groups of employees to complete the conflict of interest questionnaire. All completed questionnaires are reviewed by the director of audit and management advisory services; the comptroller also reviews those of trustees, officers, key employees and highest compensated employees. Conflicts are aggregated into a report which is provided to the executive vice president and chief financial officer and the audit committee.

Compensation Policy

Form 990, part vi, section b, line 15 compensation for the chancellor and president, officers, key employees and certain other covered individuals is established according to university policies that meet the three requirements of the rebuttable presumptions provisions under treas. Reg. 53.4958-6. The compensation arrangement is approved in advance by the university's compensation committee who are independent and free of any conflicts of interest that would interfere with their exercise of independent judgment. The university's compensation committee reviews comparability data provided by an independent external consultant that incorporates both university data and that of comparable institutions. The compensation committee, which typically seeks to establish compensation within the middle of the range of comparability data, makes a recommendation to the university's executive committee who then makes a determination whether the proposed compensation is reasonable. If a proposal is deemed to be reasonable, the executive committee adequately documents the basis for its determination within 60 days after the date the determination was made and such documentation is kept in the written or electronic records of the executive committee.

Joint Venture

Form 990, part vi, section b, line 16a participation with a taxable entity: jpmorgan chase & co. And syracuse university established a unique corporate-university collaboration. The purpose of the collaboration is to develop education and work experience innovations in the area of financial services information technology, leveraging each other's knowledge and expertise in the building of a best in class curriculum for entry level technologists and to collaborate on projects of joint interest that provide value to both organizations and to society. Employees of jpmorgan chase & co. Are joining with syracuse university faculty and students to create a comprehensive, interdisciplinary curriculum focused on the fields of global enterprise technology systems. Syracuse university joined the center for applied identity management research (caimr). Caimr is dedicated to solving society's most critical identity management challenges through applied research.

Public Disclosure

Form 990, part vi, section c, line 19 the university's governing documents, conflict of interest policy, and financial statements are made available to the public on the university's website.

Other Changes in Net Assets

Postretirement benefit obligation ($1,462,610)

Financial Statement Notes

ORGANIZATION'S COLLECTIONS

Part iii, line 4 syracuse university has a diverse collection of art, historical treasures and other similar assets, including fine art and ethnographic objects, legal books, archival records, library collections and special collections. The primary purpose of the university's collections is to collect and preserve the cultural and historical record for generations of students and scholars. Su art galleries - the art collection is comprised of a diverse, encyclopedic group of fine art and ethnographic objects by international makers and represents styles and time periods from pre-history to the present. The art collection provides a meaningful educational experience and encounter with the visual arts for students, faculty, staff and the public. Law library- the law book collection is comprised of a diverse and historic group of law books. The law library provides access to information in order to assist in discovering, obtaining and understanding the complex research tools of the legal profession. Archives - the syracuse university archives is an information and research center for faculty, staff, students and others interested in the history of the university. It is dedicated to preserving records that document the history, organization policies, activities, and people of the university, and making those records available to researchers and other interested parties. The archives accepts materials from schools, colleges and departments, alumni, the general public and the university's clubs and organizations. The archives does, on occasion, solicit material from faculty and others that will enhance the overall research value of the collection. To be eligible for inclusion, the records must have some connection to the university. Archival records include but are not limited to the records of the chancellor and the board of trustees; minutes, correspondence and reports of schools, colleges and departments; papers of faculty, staff and alumni; curriculum information including on-line classes; publications; photographs, slides, videotapes and motion picture films; theses and dissertations; newspaper clippings; and memorabilia. Library- the idea of the library-a refuge for human knowledge - is timeless. Syracuse university library's collections span 4,000 years and range from sumerian cuneiform tablets to 21st century digital data sets. Even while the types and forms of knowledge change, the library strives to keep pace, never losing sight of its purpose: to collect and preserve the cultural record for generations of students and scholars. Special collections - the special collections research center maintains and provides access to distinguished collections of rare books, manuscripts, and other archival materials. Syracuse university students, faculty, staff, and other scholars have available to them more than 100,000 printed works and 2,000 archival collections, including important editions, manuscripts, documents, letters, diaries, drawings, photographs and memorabilia.

Escrow Account Liability

Part iv, line 2b the university maintains a limited number of agency funds, which it holds as custodian or fiscal agent for student organizations and/or outside organizations as an accommodation to the organization. The organizations are then allowed to utilize the university's financial systems and resources to process transactions against these funds.

Endowment Funds Contributions

Part v, line 4 the university endowment consists of approximately 2,000 individual funds established for a variety of purposes; including both donor restricted endowment funds and funds designated by the university to function as endowments. Spending from the university's endowments is donor restricted to various purposes. A majority of the funds provide scholarships and financial assistance to undergraduate, graduate and law school students. Some of the other uses of the funds include, but are not limited to, support for fellowships, the creation and funding of department chairs and professorships, support for various university centers, and support for the university's teaching and research activities. The university's spending policy, which utilizes an annual distribution per unit multiplied by the percentage approved by the trustee and investment and endowment committee, is designed to provide the university a stable level of financial support and to preserve the endowments real value.

Fin 48 (asc 740) Footnote - Liability for Uncertain Tax Positions

Part x, line 2 the university is a tax-exempt organization as described in section 501(c)(3) of the internal revenue code and is generally exempt from income taxes pursuant to section 501(a) of the internal revenue code. Syracuse university hotel and conference center llc, wholly owned by the university, is reported in the university's income tax filings. Drumlins, inc. And blue highway inc. Are taxable subsidiaries of the university, filing their own tax returns. The syracuse university (usa) london program, created for the advancement of education, is a registered charity under the laws of england. The su istanbul program (su istanbul egitim destek ve danisma hizmetleri ticaret limited sirketi), created to promote the university's educational activities in turkey, is a limited liability company established in accordance with the provision of the turkish commercial code. Its operations are governed by the laws of the republic of turkey. The income tax consequences, if any, from these entities are reflected in the financial statements, and do not have a material effect, individually or in the aggregate, on the university's financial statements. The university believes it has taken no significant uncertain tax positions.

Other Revenue Included in Financial Statements But Not on Return

Part xi, line 2d revenues of subsidiaries $3,863,219 postretirement benefit obligation $(1,462,610) financial aid $(290,358,212) ------------------ total $(287,957,603)

Other Revenue Included on Return But Not in Financial Statements

Part xi, line 4b intercompany revenue elimination $2,221,413 rental/fundraising expenses $(1,102,104) ------------------ total $1,119,309

Other Expenses Included in Financial Statements But Not on Return

Part xii, line 2d expenses of subsidiaries $3,630,239 rental/fundraising expenses $1,102,104 ------------------ total $4,732,343

Other Expenses Included on Return But Not in Financial Statements

Intercompany expense elimination $2,221,413 financial aid $290,358,212 ------------------ total $292,579,625

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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2023Summary only. Only limited summary data is available for this year.$4,269$1,225$3,043$1,739$1,606$133
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4,036$1,227$2,809$1,729$1,493$236
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3,920$1,114$2,806$1,510$1,350$160
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3,526$1,153$2,373$1,523$1,412$111
2019Summary only. Only limited summary data is available for this year.$3,208$848$2,361$1,523$1,369$155
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3,036$801$2,234$1,410$1,284$126
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2,855$834$2,021$1,358$1,260$97.9
2016Summary only. Only limited summary data is available for this year.$2,688$864$1,824$1,266$1,219$47.3
2015Detailed filing. Detailed filing data is available for this year.$2,669$826$1,842$1,269$1,179$90.3
2014Detailed filing. Detailed filing data is available for this year.$2,657$820$1,837$1,226$1,129$97.7
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,396$728$1,668$1,087
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,279$747$1,531$1,073
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,239$634$1,605$1,014
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,162$703$1,459$980
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)3 • $1B+ nonprofits