Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $263,060

• 1e · Government grants (contributions)

  $10,259,383

• 1f · All other contributions, gifts and grants

  $10,466,751

• 1g · Noncash contributions included above

  $311,744

• 2a · Program service revenue: TUITION AND FEES

  total $278,102,812 · related or exempt $278,102,812

• 2b · Program service revenue: RESIDENCE HALLS/DINING

  total $31,176,395 · related or exempt $31,176,395

• 3 · Investment income

  total $5,310,823 · unrelated business -$3,741 · excluded $5,314,564

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

  total $4,472 · excluded $4,472

• 6a · Gross rents

  real property $1,428,836

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $1,428,836

• 6d · Net rental income or loss

  total $1,428,836 · unrelated business $726,460 · excluded $702,376

• 7a · Gross sales of assets other than inventory

  securities $74,952,321

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

  securities $78,554,845

• 7c · Gain or loss

  securities -$3,602,524

• 7d · Net gain or loss

  total -$3,602,524 · unrelated business $22,876 · excluded -$3,625,400

• 8a · Fundraising events: gross income

  $9,630

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

  $263,060

• 8b · Fundraising events: direct expenses

  $76,723

• 8c · Net income from fundraising events

  total -$67,093 · excluded -$67,093

• 11a · Other revenue: INTO SUFFOLK

  total $1,713,130 · related or exempt $1,713,130

• 11b · Other revenue: CENTER FOR RESTORATIVE

  total $978,908 · excluded $978,908

• 11c · Other revenue: POLITICAL RESEARCH CTR

  total $165,000 · excluded $165,000

• 11d · All other revenue

  total $2,757,445 · excluded $2,757,445

• 11e · Other revenue, total

  $5,614,483

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $155,000 · program services $155,000

• 2 · Grants to domestic individuals

  total $117,350,028 · program services $117,350,028

• 3 · Grants to foreign organizations and individuals

  total $3,733,178 · program services $3,733,178

• 5 · Compensation of officers, directors and key employees

  total $4,655,778 · program services $1,278,325 · management and general $3,023,299 · fundraising $354,154

• 7 · Other salaries and wages

  total $99,924,661 · program services $80,238,093 · management and general $18,237,100 · fundraising $1,449,468

• 8 · Pension plan contributions

  total $7,335,791 · program services $5,717,966 · management and general $1,491,310 · fundraising $126,515

• 9 · Other employee benefits

  total $17,544,434 · program services $13,675,210 · management and general $3,566,649 · fundraising $302,575

• 10 · Payroll taxes

  total $7,261,040 · program services $5,659,700 · management and general $1,476,114 · fundraising $125,226

• 11b · Fees: legal

  total $145,053 · management and general $145,053

• 11c · Fees: accounting

  total $325,336 · management and general $325,336

• 11f · Fees: investment management

  total $1,345,931 · management and general $1,345,931

• 11g · Fees: other

  total $3,401,273 · program services $580,524 · management and general $2,636,488 · fundraising $184,261

• 12 · Advertising and promotion

  total $5,153,615 · program services $294,340 · management and general $4,858,415 · fundraising $860

• 13 · Office expenses

  total $4,515,644 · program services $2,717,351 · management and general $1,487,882 · fundraising $310,411

• 14 · Information technology

  total $7,443,907 · program services $5,465,049 · management and general $1,978,858

• 16 · Occupancy

  total $30,462,105 · program services $27,702,964 · management and general $2,759,141

• 17 · Travel

  total $2,693,867 · program services $2,304,087 · management and general $11,506 · fundraising $378,274

• 20 · Interest

  total $14,268,933 · program services $13,814,977 · management and general $453,956

• 22 · Depreciation, depletion and amortization

  total $17,533,483 · program services $16,315,682 · management and general $1,217,801

• 23 · Insurance

  total $2,299,692 · program services $1,328,190 · management and general $971,502

• 24a · Other expenses: RESIDENCE HALL EXPENSES

  total $6,885,386 · program services $6,885,386

• 24b · Other expenses: ACADEMIC SERVICE/SUPPOR

  total $6,018,687 · program services $6,018,687

• 24c · Other expenses: INTO SUFFOLK RESERVE

  total $474,140 · program services $474,140

• 24d · Other expenses: BOOKSTORE

  total $151,773 · program services $151,773

• 24e · All other expenses

  total $9,419,818 · program services $9,419,818

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $18,540,446 · end of year $19,563,288

• 3 · Pledges and grants receivable

  beginning of year $5,700,877 · end of year $6,139,096

• 4 · Accounts receivable

  beginning of year $5,894,834 · end of year $11,911,320

• 5 · Loans and receivables from officers and key people

  end of year $150,000

• 7 · Other notes and loans receivable

  beginning of year $6,244,959 · end of year $4,374,250

• 9 · Prepaid expenses and deferred charges

  beginning of year $14,060,531 · end of year $19,054,588

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

  $629,916,868

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

  $205,890,392

• 10c · Land, buildings and equipment, net

  beginning of year $433,557,058 · end of year $424,026,476

• 11 · Investments: publicly traded securities

  beginning of year $195,741,590 · end of year $199,033,958

• 12 · Investments: other securities

  beginning of year $59,377,983 · end of year $51,525,437

• 15 · Other assets

  beginning of year $58,117,896 · end of year $53,865,528

• 17 · Accounts payable and accrued expenses

  beginning of year $22,128,757 · end of year $25,799,305

• 19 · Deferred revenue

  beginning of year $8,051,707 · end of year $7,959,814

• 20 · Tax-exempt bond liabilities

  beginning of year $384,565,864 · end of year $373,144,346

• 25 · Other liabilities

  beginning of year $61,386,795 · end of year $71,039,490

• 27 · Net assets without donor restrictions

  beginning of year $255,362,739 · end of year $232,550,757

• 28 · Net assets with donor restrictions

  beginning of year $65,740,312 · end of year $79,150,229

The filer's explanations (Part III)

PART I, LINE 1A

THE UNIVERSITY PAYS FOR CERTAIN TRAVEL EXPENSES FOR THE UNIVERSITY PRESIDENT'S SPOUSE, ONLY WHEN THAT TRAVEL IS PRIMARILY FOR BONA FIDE BUSINESS PURPOSES OF THE UNIVERSITY. TRAVEL EXPENSES FOR THE PRESIDENT AND HER SPOUSE ARE APPROVED BY THE CHAIRMAN OF THE BOARD OF TRUSTEES. THE HOUSING ALLOWANCE WAS RECEIVED BY THE UNIVERSITY'S PRESIDENT AND IS INCLUDED IN HER TAXABLE WAGES. SOCIAL CLUB DUES WERE PAID BY THE UNIVERSITY ON BEHALF OF AN OFFICER. THE DUES ARE NOT INCLUDED IN THE EMPLOYEE'S TAXABLE WAGES AS THE SOCIAL CLUB IS USED TO CONDUCT UNIVERSITY BUSINESS.

PART I, LINE 4A

ANN COYNE RECEIVED SEVERANCE IN THE AMOUNT OF $328,174 DURING CALENDAR YEAR 2022.

PART I, LINE 7

DURING AN EXECUTIVE SESSION OF THE COMPENSATION COMMITTEE, THE COMMITTEE COMPLETED AN ANNUAL PERFORMANCE REVIEW OF THE PRESIDENT AND AGREED UPON A BONUS AMOUNT THAT REFLECTED HER PERFORMANCE DURING THE PRECEDING YEAR. CERTAIN OTHER INDIVIDUALS LISTED ON FORM 990, PART VII, SECTION A, LINE 1A RECEIVED BONUSES AS WELL.

Related corporations and trusts

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

• SUFFOLK UNIVERSITY MADRID CAMPUS SL

  C · HIGHER EDUCATION · SP · 100% owned · share of income $194,191 · share of assets $25,082,172 · controlled entity

• CRUT

  T · INVESTING · MA · controlled entity