Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $204,568

• 1f · All other contributions, gifts and grants

  $95,137,395

• 1g · Noncash contributions included above

  $12,594,648

• 2a · Program service revenue: STUDENT SERVICES

  total $1,275,627,211 · related or exempt $1,275,627,211

• 2b · Program service revenue: SPONSORED RESEARCH

  total $111,452,563 · related or exempt $111,452,563

• 2c · Program service revenue: AUXILIARY - RELATED

  total $46,670,004 · related or exempt $46,670,004

• 2d · Program service revenue: SHERATON SU HOTEL / CO

  total $10,408,987 · unrelated business $10,408,987

• 2e · Program service revenue: AUXILIARY - UNRELATED

  total $4,926,845 · unrelated business $4,926,845

• 2f · All other program service revenue

  total $109,430,861 · related or exempt $109,430,861

• 3 · Investment income

  total $39,235,860 · unrelated business $2,244,025 · excluded $36,991,835

• 4 · Income from investment of tax-exempt bond proceeds

  total $12 · excluded $12

• 5 · Royalties

  total $203,565 · excluded $203,565

• 6a · Gross rents

  real property $779,665

• 6b · Less rental expenses

  real property $456,213

• 6c · Rental income or loss

  real property $323,452

• 6d · Net rental income or loss

  total $323,452 · excluded $323,452

• 7a · Gross sales of assets other than inventory

  securities $528,678,279 · other assets $4,677

• 7b · Less cost or other basis and sales expenses

  securities $481,922,420 · other assets $884,980

• 7c · Gain or loss

  securities $46,755,859 · other assets -$880,303

• 7d · Net gain or loss

  total $45,875,556 · excluded $45,875,556

• 8a · Fundraising events: gross income

  $162,242

• 8a · Fundraising events: contributions included on line 1c

  $204,568

• 8b · Fundraising events: direct expenses

  $468,108

• 8c · Net income from fundraising events

  total -$305,866 · excluded -$305,866

• 11a · Other revenue: ALUMNI TOURS

  total $3,330 · unrelated business $3,330

• 11e · Other revenue, total

  $3,330

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $190,810 · program services $190,810

• 2 · Grants to domestic individuals

  total $424,218,531 · program services $424,218,531

• 3 · Grants to foreign organizations and individuals

  total $10,366,425 · program services $10,366,425

• 5 · Compensation of officers, directors and key employees

  total $6,102,484 · program services $972,239 · management and general $4,412,413 · fundraising $717,832

• 6 · Compensation of disqualified persons

  total $234,689 · program services $234,689

• 7 · Other salaries and wages

  total $540,122,632 · program services $512,725,641 · management and general $15,179,381 · fundraising $12,217,610

• 8 · Pension plan contributions

  total $39,392,558 · program services $37,069,793 · management and general $1,386,097 · fundraising $936,668

• 9 · Other employee benefits

  total $81,443,580 · program services $76,609,686 · management and general $2,485,632 · fundraising $2,348,262

• 10 · Payroll taxes

  total $33,470,570 · program services $31,462,818 · management and general $1,217,506 · fundraising $790,246

• 11a · Fees: management

  total $87,277 · management and general $87,277

• 11b · Fees: legal

  total $6,965,653 · program services $1,395,846 · management and general $5,552,477 · fundraising $17,330

• 11c · Fees: accounting

  total $764,131 · management and general $764,131

• 11d · Fees: lobbying

  total $474,522 · program services $474,522

• 11f · Fees: investment management

  total $5,303,639 · management and general $5,303,639

• 11g · Fees: other

  total $28,641,148 · program services $25,780,302 · management and general $1,737,393 · fundraising $1,123,453

• 12 · Advertising and promotion

  total $7,354,001 · program services $6,422,429 · management and general $525,325 · fundraising $406,247

• 13 · Office expenses

  total $77,169,755 · program services $75,491,547 · management and general $991,737 · fundraising $686,471

• 14 · Information technology

  total $12,158,580 · program services $11,456,294 · management and general $394,716 · fundraising $307,570

• 15 · Royalties

  total $644,423 · program services $644,423

• 16 · Occupancy

  total $49,421,124 · program services $46,997,288 · management and general $1,467,942 · fundraising $955,894

• 17 · Travel

  total $42,271,337 · program services $40,691,596 · management and general $859,626 · fundraising $720,115

• 19 · Conferences, conventions and meetings

  total $4,557,425 · program services $4,249,433 · management and general $168,672 · fundraising $139,320

• 20 · Interest

  total $25,514,313 · program services $25,491,635 · management and general $22,678

• 22 · Depreciation, depletion and amortization

  total $87,537,112 · program services $84,971,315 · management and general $1,466,954 · fundraising $1,098,843

• 23 · Insurance

  total $1,639,334 · program services $1,639,334

• 24a · Other expenses: COGS - AUXILIARIES

  total $18,626,257 · program services $18,513,554 · management and general $112,703

• 24b · Other expenses: EQUIP NOT CAPITALIZED

  total $15,994,151 · program services $15,994,151

• 24c · Other expenses: ROOM AND BOARD

  total $9,322,221 · program services $9,322,221

• 24d · Other expenses: UNRELATED BUSINESS INC

  total $2,185,620 · management and general $2,185,620

• 24e · All other expenses

  total $73,796,594 · program services $69,749,226 · management and general $2,511,177 · fundraising $1,536,191

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $83,236,063 · end of year $28,331,576

• 2 · Savings and temporary cash investments

  beginning of year $455,268,261 · end of year $196,021,540

• 3 · Pledges and grants receivable

  beginning of year $97,831,771 · end of year $114,288,938

• 4 · Accounts receivable

  beginning of year $36,603,558 · end of year $32,784,948

• 8 · Inventories for sale or use

  beginning of year $4,726,612 · end of year $5,762,473

• 9 · Prepaid expenses and deferred charges

  beginning of year $39,140,249 · end of year $49,106,510

• 10a · Land, buildings and equipment: cost or other basis

  $3,081,113,824

• 10b · Land, buildings and equipment: accumulated depreciation

  $1,580,731,898

• 10c · Land, buildings and equipment, net

  beginning of year $1,458,778,673 · end of year $1,500,381,926

• 11 · Investments: publicly traded securities

  beginning of year $480,322,957 · end of year $909,058,863

• 12 · Investments: other securities

  beginning of year $1,363,943,624 · end of year $1,420,547,668

• 13 · Investments: program-related

  beginning of year $16,084,930 · end of year $11,375,045

• 15 · Other assets

  beginning of year $0 · end of year $1,053,110

• 17 · Accounts payable and accrued expenses

  beginning of year $199,112,515 · end of year $185,744,913

• 19 · Deferred revenue

  beginning of year $63,152,547 · end of year $70,161,827

• 20 · Tax-exempt bond liabilities

  beginning of year $748,710,657 · end of year $741,347,961

• 21 · Escrow or custodial account liability

  beginning of year $3,545,017 · end of year $3,621,742

• 23 · Secured mortgages and notes payable

  beginning of year $132,633,915 · end of year $150,080,906

• 25 · Other liabilities

  beginning of year $80,038,836 · end of year $74,528,561

• 27 · Net assets without donor restrictions

  beginning of year $1,764,692,371 · end of year $1,909,145,425

• 28 · Net assets with donor restrictions

  beginning of year $1,044,050,840 · end of year $1,134,081,262

The filer's explanations (Part III)

PART I, LINE 1A

BUSINESS CLASS TRAVEL UNIVERSITY POLICY ALLOWS, IN CERTAIN SITUATIONS, EMPLOYEES TO TRAVEL VIA BUSINESS CLASS AIRFARE WHILE ON UNIVERSITY BUSINESS IF THE FLIGHT DURATION REQUIREMENT IS MET. THIS POLICY PROVIDES THAT THE "CHANCELLOR, VICE CHANCELLOR AND PROVOST, SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER, SENIOR VICE PRESIDENTS, CHANCELLOR'S EXECUTIVE TEAM AND DEANS MAY MAKE EXCEPTIONS IN THE CASE OF EXTENUATING CIRCUMSTANCES (E.G. DEMANDING FLIGHT SCHEDULE, EXTENDED FLIGHT TIMES) BY GIVING AUTHORIZATION FOR BUSINESS CLASS TRAVEL" TO EMPLOYEES THEY OVERSEE. AS A RESULT OF THIS POLICY, CERTAIN OFFICERS AND HIGHLY COMPENSATED EMPLOYEES INCLUDED IN THIS FILING AT TIMES UTILIZED BUSINESS CLASS AIRFARE FOR UNIVERSITY BUSINESS TRAVEL DURING CALENDAR YEAR 2022. CHARTER TRAVEL CERTAIN SYRACUSE UNIVERSITY OFFICERS AND HIGHLY COMPENSATED EMPLOYEES UTILIZED CHARTER AIRLINE TRAVEL FOR BUSINESS PURPOSES. CHARTER TRAVEL ELIMINATES THE TIME CONSTRAINTS OF COMMERCIAL AIR TRAVEL, IS COST EFFECTIVE AND PERMITS GREATER SUPERVISION OF STUDENTS. TRAVEL FOR COMPANIONS CERTAIN OFFICERS, KEY EMPLOYEES, AND HIGHLY COMPENSATED EMPLOYEES HAD COMPANION TRAVEL. THIS TRAVEL WAS DETERMINED TO BE BUSINESS OR PERSONAL AND TAXABLE, BASED UPON THE FACTS AND CIRCUMSTANCES OF EACH SPECIFIC INCIDENCE, AND WAS TREATED ACCORDINGLY, FOR REPORTING PURPOSES. HOUSING ALLOWANCE THE CHANCELLOR IS PROVIDED WITH LODGING AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE EMPLOYER. INCLUDED IN SCHEDULE J, PART II, COLUMN (D) IS THE COMPUTED NONTAXABLE MARKET VALUE OF THE CHANCELLOR'S AVAILABLE OCCUPANCY OF SUCH PREMISES. HEALTH OR SOCIAL CLUB DUES CERTAIN HIGHLY COMPENSATED EMPLOYEE RECEIVED MEMBERSHIPS IN HEALTH OR SOCIAL CLUBS. CLUB DUES ARE DETERMINED TO BE TAXABLE OR NONTAXABLE BASED UPON THE PERCENTAGE OF BUSINESS AND PERSONAL USE AS REPORTED ON CLUB USE CERTIFICATION STATEMENTS SUBMITTED BY THE INDIVIDUALS WITH THE MEMBERSHIPS. THE TAXABLE PORTION WAS INCLUDED IN THE INDIVIDUAL'S COMPENSATION REPORTED ON FORM W2.

PART I, LINES 4A-B

SEVERANCE PAYMENT THE FOLLOWING INDIVIDUAL RECEIVED A SEVERANCE PAYMENT DURING CALENDAR YEAR 2022: MATTHEW TER MOLEN 422,376 NONQUALIFIED 457(F) PLAN CERTAIN OFFICERS AND HIGHLY COMPENSATED EMPLOYEES PARTICIPATE IN DEFERRED COMPENSATION ARRANGEMENT: CONTRIBUTIONS MADE: J. MICHAEL HAYNIE 150,000 KENT SYVERUD 400,000 GRETCHEN RITTER 70,000 JAMES A. BOEHEIM JR 40,000 JOHN WILDHACK 157,500 DISTRIBUTIONS FROM: J. MICHAEL HAYNIE 378,574 JAMES A. BOEHEIM JR. 80,000 LISA DOLAK 33,534

PART I, LINE 7

NONFIXED PAYMENTS A FORMER OFFICER RECEIVED AN OVERLOAD/EXTRA SERVICE/VARIABLE PAY AWARD PAYMENT. AN OVERLOAD/EXTRA SERVICE/VARIABLE PAY AWARD PAYMENT IS FOR RECOGNITION OF SERVICES ABOVE NORMAL JOB RESPONSIBILITIES. THESE PAYMENTS WERE INCLUDED IN THE INDIVIDUAL'S COMPENSATION REPORTED ON FORM W-2.

PART II

THE FOLLOWING IS INCLUDED IN THE BASE COMPENSATION REPORTED IN PART II, COLUMN (B) (I): DANIEL J. FRENCH, AS AN EMPLOYEE OF BARCLAY DAMON, AN UNRELATED ORGANIZATION, SERVED AS GENERAL COUNSEL UNDER A CO-SOURCED MODEL. THE TOTAL COMPENSATION REPORTED IN PART II, (B) (I) IS $667,718 JAMES A. BOEHEIM JR.'S TOTAL COMPENSATION REPORTED IN PART II, (B) (I) OF $2,677,118 WAS PAID BY SYRACUSE UNIVERSITY WHICH WAS REPORTED OF FORM W-2. BIG ORANGE BASKETBALL CAMP REALIZED A NET LOSS OF $961 FROM CONDUCTING A SUMMER BASKETBALL CAMP WHICH HAS NOT BEEN INCLUDED IN PART II, COLUMN (B) (I) AND WAS NOT REPORTED BY THE UNIVERSITY ON FORM W-2 OR FORM 1099. DINO BABERS' TOTAL COMPENSATION REPORTED IN PART II, (B) (I) OF $4,238,137 WAS PAID BY SYRACUSE UNIVERSITY WHICH WAS REPORTED OF FORM W-2. DINO BABERS FOOTBALL LLC REALIZED A NET LOSS OF $25,500 FROM CONDUCTING SUMMER FOOTBALL CAMPS WHICH HAS NOT BEEN INCLUDED IN PART II, COLUMN (B) (I) AND WAS NOT REPORTED BY THE UNIVERSITY ON FORM W-2 OR FORM 1099.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• ORANGE INSURANCE COMPANY LLC

  INSURANCE · VT · income $1,522,919 · assets $9,092,132

  Directly controlled by SYRACUSE UNIVERSITY

• SU SHERATON HOTEL & CONFERENCE CENTER

  ACCOMODATIONS · NY · income $2,087,817 · assets $15,114,874

  Directly controlled by SYRACUSE UNIVERSITY

• SU ADVANCE HOLDINGS LLC

  INVESTMENTS · NY · income $209,096 · assets $1,877,441

  Directly controlled by SYRACUSE UNIVERSITY

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• ORANGE VALUE FUND

  EXCLUDED TAX · INVESTMENTS · NY · 78.65% owned · share of income -$60,938 · share of assets $3,547,006

  Directly controlled by SYRACUSE UNIVERSITY

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• DRUMLINS INC

  C · DINING/REC · NY · 100% owned · share of income -$296,996 · share of assets $9,345,565 · controlled entity

  Directly controlled by SYRACUSE UNIVERSITY

• SYRACUSE IDEAS INC

  C · EDUCATIONAL · NY · 100% owned · share of assets $2,000 · controlled entity

  Directly controlled by SYRACUSE UNIVERSITY

• CHARITABLE REMAINDER ANNUITY TRUST - 2

  T · CRAT · NY · controlled entity

  Directly controlled by SYRACUSE UNIVERSITY

• CHARITABLE REMAINDER UNITRUST - 3

  T · CRUT · NY · controlled entity

  Directly controlled by SYRACUSE UNIVERSITY