Civic Intelligence

Syracuse University

990 • Fiscal year 2020 • EIN 15-0532081

Jul 01, 2019 to Jun 30, 2020 • Filed on May 12, 2021

Skytop Office Bldg Skytop RoadSyracuse, NY 13244-5300

(315) 443-3765

Siviq Scores

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

Liabilities / Assets

45th percentile

0.33x

Higher debt load relative to assets than 45% of similar nonprofits.

2020 filings • 501(c)3 • $1B+ nonprofits • Source year 2020

Liabilities / Revenue

49th percentile

0.76x

Higher debt load relative to revenue than 49% of similar nonprofits.

2020 filings • 501(c)3 • $1B+ nonprofits • Source year 2020

Net Margin

57th percentile

7.3%

Higher net margin than 57% of similar nonprofits.

2020 filings • 501(c)3 • $1B+ nonprofits • Source year 2020

Top Officer Pay

78th percentile

$3,504,958

Higher top officer pay than 78% of similar nonprofits.

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

2020 filings • 501(c)3 • $1B+ nonprofits • Source year 2020

Asset Growth

50th percentile

9.9%

Faster asset growth than 50% of similar nonprofits.

2020 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2019 to 2020

Revenue Growth

37th percentile

-0.0%

Faster revenue growth than 37% of similar nonprofits.

2020 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2019 to 2020

Assets

Up

$3,525,794,177

Up $317,322,877 (+9.9%) from 2019

Net Assets

Up

$2,373,114,217

Up $12,539,329 (+0.5%) from 2019

Liabilities

Up

$1,152,679,960

Up $304,783,548 (+36%) from 2019

Revenue

Down

$1,522,525,721

Down $629,634 (-0.0%) from 2019

Expenses

Up

$1,411,580,571

Up $43,036,319 (+3.1%) from 2019

Net Income

Down

$110,945,150

Down $43,665,953 (-28%) from 2019

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

2020

Assets$3,525,794,177
Liabilities$1,152,679,960
Net Assets$2,373,114,217

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

2020

Revenue$1,522,525,721
Expenses$1,411,580,571
Net Income$110,945,150
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 12, 2021
Return Version
2019v5.1
Gross Receipts
$2,092,456,823
Mission and Program Overview

Mission

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

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,231,916,576$1,330,946,556▲ $99,029,980
Investments Other Securities$896,424,542$1,044,311,984▲ $147,887,442
Investments in Publicly Traded Securities$579,767,643$509,105,388▼ $70,662,255
Savings and Temporary Cash Investments$270,021,521$430,472,925▲ $160,451,404
Pledges and Grants Receivable$108,245,993$101,115,914▼ $7,130,079
Prepaid Expenses and Deferred Charges$28,567,636$29,129,645▲ $562,009
Investments Program Related$31,257,408$25,649,485▼ $5,607,923
Cash and Non-Interest-Bearing Accounts$9,567,200$24,505,504▲ $14,938,304
Accounts Receivable$47,592,109$24,094,281▼ $23,497,828
Inventories for Sale or Use$5,110,672$6,462,495▲ $1,351,823
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$3,208,471,300$3,525,794,177▲ $317,322,877
Other Assets Total$0$0→ $0
Liabilities
Tax Exempt Bond Liabilities$418,261,555$766,162,190▲ $347,900,635
Accounts Payable and Accrued Expenses$267,867,627$225,649,687▼ $42,217,940
Other Liabilities$98,495,077$94,766,959▼ $3,728,118
Deferred Revenue$52,890,789$56,641,149▲ $3,750,360
Mortgage Notes Payable Secured by Investment Property$8,067,864$7,209,316▼ $858,548
Escrow Account Liability$2,313,500$2,250,659▼ $62,841
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Total Liabilities$847,896,412$1,152,679,960▲ $304,783,548
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,557,106,887$1,547,673,854▼ $9,433,033
Net Assets With Donor Restrictions$803,468,001$825,440,363▲ $21,972,362
Total Net Assets Fund Balance$2,360,574,888$2,373,114,217▲ $12,539,329
Total Liabilities and Net Assets / Fund Balance$3,208,471,300$3,525,794,177▲ $317,322,877

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,228,923,938$998,832,341$2,227,756,279
Other Land Buildings$45,826,773$205,481,348$251,308,121
Equipment$27,871,452$107,487,569$135,359,021
Land$28,324,393-$28,324,393
Other Securities$60,088,906--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$1,384,151,784$21,114,277▲ $40,506,535$35,457,752$1,394,057,542
2018$1,328,147,566$18,945,653▲ $86,554,148$33,965,877$1,384,151,784
2017$1,232,349,765$25,881,930▲ $119,021,067$34,348,777$1,328,147,566
2016$1,130,615,590$19,897,013▲ $133,588,949$37,641,158$1,232,349,765
2015$1,140,240,279$28,288,110▲ $14,580,635$39,219,377$1,130,615,590
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dino BabersFootball Head CoachFT$3,089,202$415,756$3,504,958
James BoeheimBasketball Head CoachFT$2,478,582$315,867$2,794,449
Kent SyverudChancellor and PresidentFT$931,887$337,348$1,269,235
J Michael HaynieVice Chancellor- Veterans & MaFT$453,370$437,824$891,194
Amir Rahnamay-azarChief Financial OfficerFT$590,570$281,287$871,857
Quentin Hillsman(w) Basketball Head CoachFT$733,807$126,541$860,348
John WildhackAthletic DirectorFT$654,822$167,641$822,463
M Dolan EvanovichSenior VP for EnrollmentFT$516,838$147,535$664,373
Michele WheatlyVice Chancellor & ProvostFT$519,157$105,700$624,857
Eugene AndersonDean of School of ManagementFT$559,192$56,116$610,308
Daniel J FrenchSVP & General CounselFT$550,000-$550,000
Lisa DolakSVP & Univ Secretary/professorFT$333,146$71,269$404,415
Karin RuhlandtDean of Arts and SciencesFT$343,473$55,190$398,663
Ryan WilliamsFormer Assoc VP for EnrollmentFT$308,603$44,500$352,707
Zhanjiang LiuInterim ProvostFT$305,386$45,159$350,941
Gwenn JudgeFormer VP CFO (interim)FT$273,402$48,162$326,564
George M LangfordFormer Dean- Arts & ScienceFT$166,604$19,045$185,649
Elizabeth LiddyFormer ProvostFT$152,934$19,185$172,119

Highest Paid Contractors

ContractorServicesLocationCompensation
VIP Structures IncArchitectsOne Websters Landing, Syracuse, NY 13202-1044$4,379,526
Barclay Damon LLPAttorneys125 East Jefferson St, Syracuse, NY 13202$2,382,247
Ashley McGraw Architects PCArchitects125 E Jefferson St 15th Fl, Syracuse, NY 13202$2,181,154
Geiger Gossen Campbell Engineers PCEngineers2 Executive Blvd Ste 309, Suffern, NY 10901-1819$1,737,702
Mayer Brown LLPAttorneys230 South LaSalle St, Chicago, IL 60604-1404$1,496,234
Revenue and Support

Revenue Composition

Contributions and Grants
$76,114,264
Program Service Revenue
$1,325,379,972
Investment Income
$120,761,987
Other Revenue
$269,498
All Other Contributions
$75,971,202
Change in Net Assets
$110,945,150

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 Traded253$11,028,556Market Value
Other Non Cash Contri Table24$1,144,805Market Value
Works of Art9$238,800Appraised Value
Books and Publications-$4,609Appraised Value
Total Noncash Contributions286$12,416,770-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,520,109,611
Revenue Not Reported on Financial Statements
$2,416,110
Revenue Not Reported on Form 990
$-455,833,439
Other Revenue Adjustments
$-816,445
Total Revenue per Audited Statements
$1,064,276,172
Total Revenue per Form 990
$1,522,525,721
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$630,516,740
Other Expenses$422,075,701
Grants and Similar Amounts Paid$358,709,257
Total Fundraising Expense$25,792,183
Professional Fundraising Fees$278,873

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$458,811,984$9,829,295$12,806,078$481,447,357
Grants to Domestic Individuals$344,140,501--$344,140,501
Office Expenses$83,262,934$694,764$1,221,795$85,179,493
Depreciation Depletion$81,638,945$1,621,795$1,235,161$84,495,901
All Other Expenses$73,824,759$520,209$2,177,020$76,521,988
Other Employee Benefits$70,748,840$2,556,407$2,901,839$76,207,086
Pension Plan Contributions$34,920,180$839,137$1,006,637$36,765,954
Occupancy$31,813,013$1,863,523$279,705$33,956,241
Travel$29,756,771$81,770$1,467,617$31,306,158
Payroll Taxes$28,932,305$823,344$859,750$30,615,399
Fees for Services Other$21,838,095$2,039,243$231,499$24,108,837
Interest$18,729,321$40,331-$18,769,652
Foreign Grants$14,506,816--$14,506,816
Information Technology$8,517,988$132,386$257,771$8,908,145
Fees for Services Legal$1,662,065$6,506,898$12,395$8,181,358
Current Officers, Directors, Trustees, and Key Employees$1,117,639$3,077,101$890,115$5,084,855
Advertising$3,999,316$30,003$79,696$4,109,015
Fees for Service Investment Mgmnt Fees-$3,168,075-$3,168,075
Conferences and Meetings$2,457,042$231,965$86,232$2,775,239
Other Expenses$8,201,577$998,625-$998,625
Insurance$827,601--$827,601
Fees for Services Accounting-$703,536-$703,536
Comp Disqual Persons$396,089--$396,089
Royalties$321,739--$321,739
Fees for Services Professional Fundraising--$278,873$278,873
Fees for Services Management-$89,095-$89,095
Grants to Domestic Orgs$61,940--$61,940
Total Functional Expenses$1,349,851,574$35,936,814$25,792,183$1,411,580,571

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,411,580,571
Total Expenses per Audited Statements$1,052,261,995
Expenses per Audited Statements$1,049,966,299
Expenses Not Reported on Financial Statements$361,614,272
Other Expense Adjustments$358,381,717
Expenses Not Reported on Form 990$2,295,696
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Sundance InstituteLos Angeles, CA501(c)(3)Support Support$24,650
Boy Scouts of AmericaSyracuse, NY501(c)(3)Support Support$10,000
Indegenous Values InitiativeDewitt, NY501(c)(3)Support Support$10,000
American Heart AssociationSyracuse, NY501(c)(3)Support Support$8,660
Juvenile Diabetes Research Foundation IntNew York, NY501(c)(3)Support Support$8,630

International Summary

Offices
8
Employees
184
Spending
$547,927,702

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 Ed23$459,073,543
Europe (Including Iceland and Greenland)Program ServicesHigher Ed--$30,232,170
Europe (Including Iceland and Greenland)InvestmentsHigher Ed--$19,429,620
East Asia and the PacificInvestmentsHigher Ed--$13,501,981
Europe (Including Iceland and Greenland)Grantmaking---$12,203,548
North AmericaInvestments---$5,937,769
East Asia and the PacificProgram ServicesHigher Ed--$2,990,239
East Asia and the PacificGrantmakingHigher Ed--$1,149,614
North AmericaProgram Services---$683,563
South AmericaGrantmaking---$612,615
South AmericaProgram Services---$582,260
South AsiaProgram Services---$359,562
Middle East and North AfricaGrantmaking---$314,993
Middle East and North AfricaProgram Services---$311,538
Sub-Saharan AfricaGrantmaking---$187,086
Sub-Saharan AfricaProgram Services---$152,284
Central America and the CaribbeanProgram ServicesHigher Ed5172$113,952
Russia and the Newly Independent StatesProgram Services---$39,839
Central America and the CaribbeanGrantmakingHigher Ed19$30,929
Europe (Including Iceland and Greenland)Fundraising---$14,852
Russia and the Newly Independent StatesGrantmaking---$8,032
Middle East and North AfricaInvestments---$494
East Asia and the PacificFundraisingHigher Ed--$-2,781
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$278,873
Fundraising Direct Expenses$202,399
Fundraising Gross Income$49,703
Gaming Direct Expenses$0
Gaming Gross Income$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Hardwood Banq.$49,978$39,000$12,119$26,881
Mirror Awards$84,873$8,000$70,379$-62,379
Total Events$192,765$49,703$202,399$-152,696
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Stephen DorusSon in Law-macnaughtonAssoc Professor BiologyNo$123,994
Ruth ChenSpouse - Kent SyverudUniv. Employee - ProfessoNo$112,625
Ulrich B EnglichSpouse-karin RuhlandtUniv. Emp-research ScientNo$83,517
John LiddySon- Elizabeth LiddyUniv. Employee - Prog. MgNo$75,953

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$50,544,098
Refundable Government Loans$22,672,463
Asset Retirement Obligations$21,550,398

Bond Issues

BondIssuerIssuedIssue PricePurpose
CTrust for Cultural Resources Co of Onondaga2019-12-19$384,214,494Multi-purp. Issue refunding bonds
DOnondaga Civic Development Corporation2020-06-23$151,545,396REFUNDING ISSUE
BTrust for Cultural Resources Co of Onondaga2013-09-12$67,827,371Multi-purpose issue non-refunding
ATrust for Cultural Resources Co of Onondaga2011-07-07$50,693,415Multi-Purpose Issue Non-Refunding

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
C$384,499,297$244,898,000$0$1,316,494
D$151,545,396$151,038,517$0$506,879
B$67,869,069$0$7,435,000$572,007
A$50,702,471$0$8,355,000$569,737

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
Yes
Gross proceeds invested in GIC
No
Exception to rebate
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 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
Yes
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

Filer Name
Syracuse University
EIN
15-0532081
In Care Of
% JEAN B GALLIPEAU
Phone
3154433765
Address
SKYTOP OFFICE BLDG SKYTOP ROAD, SYRACUSE, NY 13244-5300

Signing Officer

Name
Amir Rahnamay-azar
Title
SVP and CFO
Phone
3154433765
Signed
2021-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kent Syverud
Formed
1870
Legal Domicile
Ny
Voting Board Members
44
Independent Board Members
42
Employees
17,583
Volunteers
1,466

Preparer

Firm
Kpmg Llp
Address
60 SOUTH STREET, BOSTON, MA 02111
Preparer
Geneva Furlano
Phone
6179881000
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 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.

ORGANIZATION'S MISSION

Part iii, line 1 as a university with the capacity to attract and engage the best scholars from around the world, yet small enough to support a personalized and academically rigorous student experience, syracuse university faculty and staff support student success by: - encouraging global study, experiential learning, interdisciplinary scholarship, creativity, and entrepreneurial endeavors - balancing professional studies with an intensive liberal arts education - fostering a richly diverse and inclusive community of learning and opportunity - promoting a culture of innovation and discovery - supporting faculty, staff, and student collaboration in creative activity and research that address emerging opportunities and societal needs - maintaining pride in our location and history as a place of access, engagement, innovation, and impact.

Other Program Services

Form 990 Part III Line 4d OTHER PROGRAM SERVICE EXPENDITURES SUPPORT SYRACUSE 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.

Bylaw Changes

Form 990 Part VI Line 4 The University has amended its bylaws to redefine board procedures and responsibilities. A copy of the Universitys bylaws can be located at policies.syr.edu. REVIEW PROCESS Form 990 Part VI Line 11b THE UNIVERSITY'S PROCESS OF REVIEWING THE FORM 990: The University provided its substantially complete Form 990 to members of the Trustees Audit and Executive Committee. A conference call with these committee members was held with Syracuse University's Chancellor and President and Senior 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 Line 12c THE UNIVERSITY'S REGULAR AND CONSISTENT MONITORING AND ENFORCEMENT OF THE CONFLICT OF INTEREST POLICY: Article XI of Syracuse University's bylaws requires 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 Conflicts of Interest Administrator; 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 Senior Vice President and Chief Financial Officer and the Audit Committee.

Compensation Policy

Form 990 Part VI Line 15a 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. On an annual basis, typically in June, the Universitys Executive Committee of the Board of Trustees, who are independent and free of any conflicts of interest that would interfere with their exercise of independent judgment, meets to review the compensation of University leadership. The Executive Committee review is to determine the reasonableness of compensation following recommendations by the University leadership, review of national, higher education compensation surveys and internal compensation data. A record of the review is recorded in the minutes of the Board of Trustees.

Public Disclosure

Form 990 Part VI Line 19 SYRACUSE 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

Form 990 part xi line 9 postretirement benefit obligation change (1,969,095)

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 syracuse university's collections is to collect and preserve the cultural and historical record for generations of students and scholars. Syracuse university 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 syracuse university. It is dedicated to preserving records that document the history, organizational policies, activities, and people of syracuse 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 syracuse 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 syracuse 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

Syracuse 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 syracuse 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 2,400 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, 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. Orange Insurance Company, LLC and Syracuse University Hotel and Conference Center LLC, are wholly owned by the University and are reported in the University's income tax filings. Syracuse University Alumni Association, Inc. is a tax-exempt organization, of which the University is the sole member that files its own tax returns. Drumlins, Inc. is a taxable subsidiary of the University and files its 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 income tax consequences, if any, from these entities are reflected in the consolidated financial statements, and do not have a material effect, individually or in the aggregate, on the University's consolidated 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 $954,099 financial aid $(358,381,717) post-retirement benefit $(1,969,095) ------------------ total $(359,396,713)

Other Revenue Included on Return But Not in Financial Statements

Part xi, line 4b loss on disposal $450 rental/fundraising expenses $(816,895) -------------- total $(816,445)

Other Expenses Included in Financial Statements But Not on Return

Part xii, line 2d expenses of subsidiaries $1,479,251 rental/fundraising expenses $816,895 loss on disposal $(450) -------------- total $2,295,696

Other Expenses Included on Return But Not in Financial Statements

Part xii line 4b financial aid $ 358,381,717

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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd18X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd19X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd20X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd21X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd22X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd23X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd24X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd25X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd26X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd27X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd28X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd29X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd30X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd31X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd32X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd33X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd34X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd35X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd36X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd37X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd38X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd39X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd40X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd41X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd42X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd43X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd44X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd45X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd46X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd47X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt055020
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190934
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2311773
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt3103235
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt4136257
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt560414
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt651013
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt795977
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt8105304
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt950720
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1171011
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1254560
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1344104
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1445159
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1548162
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1619045
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1719185
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt230
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt240
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt260
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt270
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt280
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt290
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt300
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt310
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt320
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt330
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt340
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt350
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt360
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt370
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt380
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt390
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt400
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt410
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt420
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt430
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt440
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt450

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
2020Detailed filing. Detailed filing data is available for this year.$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. 2020 filings • 501(c)3 • $1B+ nonprofits