LONG ISLAND UNIVERSITY

EIN: 111633516 501(c)(3)

BROOKVILLE, NY

Total Revenue
$466,457,134
Total Expenses
$417,295,965
Total Assets
$1,094,607,268
Net Assets
$874,693,464
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1926
Legal Domicile
NY
Principal Officer
DR KIMBERLY R CLINE
Phone
5162992535
Tax Period
2023-09-01 to 2024-08-31

LONG ISLAND UNIVERSITY, founded in 1926, is a major nonprofit that reported $466.5M in total revenue in fiscal year 2023. Expenses of $417.3M left a modest 11% surplus.

Mission

PROVIDE EXCELLENCE AND ACCESS IN EDUCATION TO THOSE WHO SEEK TO EXPAND THEIR KNOWLEDGE. SEE SCH O.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $34,418,410
Program Service Revenue $418,734,008
Investment Income $13,354,922
Other Revenue $-50,206
TOTAL REVENUE $466,457,134

Expense Breakdown

Grants Paid $103,177,844
Salaries & Benefits $163,821,080
Fundraising Expenses $3,660,578
Program Expenses $376,840,959
Other Expenses $150,297,041
TOTAL EXPENSES $417,295,965

Year-over-Year Comparison

2023 2022 Change
Revenue $466,457,134 $438,580,813 +0.1%
Expenses $417,295,965 $406,469,116 +0.0%
Net Income $49,161,169 $32,111,697 +0.5%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
25
Independent Members
22
Employees
3534
Volunteers
30

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✓ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$3,317,964
Total Directors
30
$2,707,767
Key Employees
5
$2,430,832
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR KIMBERLY CLINE PRESIDENT 60.00
Officer Director
$1,971,782 $309,179 $2,280,961
CHERIE SEROTA TRUSTEE/VISIT. ASST. PROF. 35.00
Director
$97,364 $7,528 $104,892
RAO S ANUMOLU TRUSTEE 1.00
Director
$0 $0 $0
MICHELE BAHNIK-MERCIER TRUSTEE (BEG. 10/23) 1.00
Director
$0 $0 $0
THOMAS M BUONAIUTO CHAIR AUDIT COMMITTEE 3.00
Director
$0 $0 $0
DANIEL B FISHER TRUSTEE 1.00
Director
$0 $0 $0
GREG G GALDI TRUSTEE 1.00
Director
$0 $0 $0
MICHELLE GETHERS-CLARK TRUSTEE 1.00
Director
$0 $0 $0
PETER W GIBSON TRUSTEE (THRU 10/23) 1.00
Director
$0 $0 $0
JUSTIN GRANT TRUSTEE 1.00
Director
$0 $0 $0
LYNNE GREENE TRUSTEE (THRU 10/23) 1.00
Director
$0 $0 $0
MICHAEL P GUTNICK SR. VICE CHAIR 4.00
Director
$0 $0 $0
STEVEN S HORNSTEIN TRUSTEE 3.00
Director
$0 $0 $0
BOB JAHELKA TRUSTEE 1.00
Director
$0 $0 $0
ALFRED R KAHN TRUSTEE 3.00
Director
$0 $0 $0
DAVID KLINE TRUSTEE (THRU 10/23) 1.00
Director
$0 $0 $0
ERIC KRASNOFF CHAIR 8.00
Director
$0 $0 $0
LEON LACHMAN TRUSTEE (THRU 03/24) 1.00
Director
$0 $0 $0
FRANK LALEZARIAN TRUSTEE 1.00
Director
$0 $0 $0
BRIAN K LAND TRUSTEE 3.00
Director
$0 $0 $0
SARABETH LEVINE TRUSTEE 1.00
Director
$0 $0 $0
HOWARD M LORBER TRUSTEE 1.00
Director
$0 $0 $0
WINIFRED MACK TRUSTEE/EXC DEAN HLTH PROF 40.00
Director
$310,882 $11,032 $321,914
MICHAEL MELNICKE TRUSTEE 1.00
Director
$0 $0 $0
KUNI NAKAMURA TRUSTEE (THRU 10/23) 1.00
Director
$0 $0 $0
RICHARD P NESPOLA TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM R NUTI TRUSTEE 1.00
Director
$0 $0 $0
CHINTU PATEL TRUSTEE 1.00
Director
$0 $0 $0
SHARON STERNHEIM TRUSTEE 2.00
Director
$0 $0 $0
RONALD J SYLVESTRI TRUSTEE 1.00
Director
$0 $0 $0
CHRISTOPHER FEVOLA VP AND CHIEF FINANCIAL OFFICER 60.00
Officer
$524,186 $105,495 $629,681
ELIZABETH CHEUNG-GAFFNEY VP UNIVERSITY COUNSEL 50.00
Officer
$329,016 $78,306 $407,322
JOSEPH SCHAEFER CHIEF OPERATING OFFICER 60.00
Key Emp
$480,807 $114,718 $595,525
BASHAR BAROUDI VP INFORMATION TECHNOLOGY 50.00
Key Emp
$462,210 $106,686 $568,896
MOHAMMED CHERKAOUI VP RESEARCH 50.00
Key Emp
$403,272 $44,893 $448,165
MICHAEL BERTHEL VP STUDENT AFFAIRS 50.00
Key Emp
$302,658 $93,220 $395,878
KERRY KRUCKEL VP UNIVERSITY ADVANCEMENT 50.00
Key Emp
$359,290 $63,078 $422,368
ARASH DABESTANI DEAN-PHARMACY 40.00
Highest
$513,370 $75,365 $588,735
ROD STRICKLAND HEAD COACH MEN'S BASKETBALL 40.00
Highest
$649,794 $46,588 $696,382
PAUL GILMORE DEAN - LIBERAL ARTS 40.00
Highest
$379,493 $33,940 $413,433
REBECCA STATES FULL PROFESSOR 40.00
Highest
$366,657 $48,612 $415,269
MICHAEL KINCH EXEC DEAN-SCIENCES (THRU 6/24) 40.00
Highest
$353,333 $16,500 $369,833
RANDY BURD FMR SVP ACADEMIC AFFAIRS (THRU 7/23) 50.00
$415,605 $101,414 $517,019
LORETTA KNAPP FMR VP ACAD AFFAIRS (THRU 6/18) 35.00
$133,051 $13,022 $146,073
DEIRDRE WHITMAN FMR VP UNI. ADMISSIONS (THRU 8/22) 40.00
$202,008 $30,035 $232,043
CHARLES RASBERRY FMR VP UNIV ADV (THRU 8/22) 50.00
$273,272 $44,091 $317,363
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $466,457,134 $417,295,965 $1,094,607,268 $49,161,169
2023 $438,580,813 $406,469,116 $994,068,493 $32,111,697
2022 $501,155,477 $397,982,992 $891,762,268 $103,172,485
2021 $438,322,403 $392,187,632 $871,358,980 $46,134,771
2020 $417,090,254 $398,895,346 $765,840,212 $18,194,908
2019 $425,246,385 $416,465,651 $751,317,388 $8,780,734
2018 $446,260,940 $437,910,866 $677,254,568 $8,350,074
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