Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $317,981

• 1e · Government grants (contributions)

  $6,886,738

• 1f · All other contributions, gifts and grants

  $4,994,406

• 1g · Noncash contributions included above

  $212,965

• 2a · Program service revenue: TUITION AND FEES

  total $277,039,410 · related or exempt $277,039,410

• 2b · Program service revenue: STUDENT SUPPORT

  total $17,994,182 · related or exempt $17,994,182

• 2c · Program service revenue: SALES & SERVICES- EDUCATIONAL DEP

  total $2,430,831 · related or exempt $2,430,831

• 3 · Investment income

  total $4,906,462 · unrelated business $6,221 · excluded $4,900,241

• 5 · Royalties

  total $47,498 · excluded $47,498

• 6a · Gross rents

  real property $396,892

• 6b · Less rental expenses

  real property $34,349

• 6c · Rental income or loss

  real property $362,543

• 6d · Net rental income or loss

  total $362,543 · excluded $362,543

• 7a · Gross sales of assets other than inventory

  securities $41,861,754

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

  securities $39,116,653

• 7c · Gain or loss

  securities $2,745,101

• 7d · Net gain or loss

  total $2,745,101 · excluded $2,745,101

• 8a · Fundraising events: gross income

  $134,665

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

  $317,981

• 8b · Fundraising events: direct expenses

  $221,281

• 8c · Net income from fundraising events

  total -$86,616 · excluded -$86,616

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $105,011,963 · program services $105,011,963

• 5 · Compensation of officers, directors and key employees

  total $3,606,737 · program services $748,246 · management and general $2,530,583 · fundraising $327,908

• 7 · Other salaries and wages

  total $116,059,600 · program services $102,193,918 · management and general $12,781,018 · fundraising $1,084,664

• 8 · Pension plan contributions

  total $8,490,269 · program services $7,303,697 · management and general $1,086,351 · fundraising $100,221

• 9 · Other employee benefits

  total $17,370,920 · program services $12,354,470 · management and general $4,593,480 · fundraising $422,970

• 10 · Payroll taxes

  total $8,666,373 · program services $7,498,313 · management and general $1,067,948 · fundraising $100,112

• 11b · Fees: legal

  total $1,038,338 · management and general $1,038,338

• 11c · Fees: accounting

  total $257,511 · management and general $257,511

• 11d · Fees: lobbying

  total $88,200 · management and general $88,200

• 11f · Fees: investment management

  total $895,335 · management and general $895,335

• 11g · Fees: other

  total $5,992,810 · program services $3,014,056 · management and general $2,933,322 · fundraising $45,432

• 12 · Advertising and promotion

  total $2,849,268 · program services $248,989 · management and general $2,519,929 · fundraising $80,350

• 13 · Office expenses

  total $7,868,945 · program services $6,747,146 · management and general $1,043,586 · fundraising $78,213

• 14 · Information technology

  total $2,342,847 · program services $2,064,748 · management and general $68,487 · fundraising $209,612

• 16 · Occupancy

  total $16,923,430 · program services $16,498,626 · management and general $369,088 · fundraising $55,716

• 17 · Travel

  total $1,608,253 · program services $1,563,501 · management and general $9,933 · fundraising $34,819

• 19 · Conferences, conventions and meetings

  total $1,613,639 · program services $1,408,135 · management and general $126,196 · fundraising $79,308

• 20 · Interest

  total $5,108,865 · program services $4,662,939 · management and general $445,926

• 22 · Depreciation, depletion and amortization

  total $8,065,680 · program services $7,611,925 · management and general $431,067 · fundraising $22,688

• 23 · Insurance

  total $2,153,073 · program services $2,036,807 · fundraising $116,266

• 24a · Other expenses: ASSISTANTSHIPS/REMISSIO

  total $8,303,608 · program services $8,191,214 · management and general $112,244 · fundraising $150

• 24b · Other expenses: PROVISION-DOUBTFUL ACCO

  total $2,639,420 · management and general $2,639,420

• 24c · Other expenses: CREDIT CARD FEES

  total $235,787 · management and general $232,852 · fundraising $2,935

• 24d · Other expenses: COLLECTION COSTS

  total $132,780 · management and general $132,780

• 24e · All other expenses

  total $4,267,541 · program services $4,210,399 · fundraising $57,142

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,750 · end of year $756,899

• 2 · Savings and temporary cash investments

  beginning of year $29,005,509 · end of year $20,874,037

• 3 · Pledges and grants receivable

  beginning of year $3,947,761 · end of year $4,133,088

• 4 · Accounts receivable

  beginning of year $3,678,188 · end of year $5,249,913

• 7 · Other notes and loans receivable

  beginning of year $5,156,414 · end of year $4,851,661

• 9 · Prepaid expenses and deferred charges

  beginning of year $7,456,891 · end of year $10,814,525

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

  $458,539,844

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

  $190,481,081

• 10c · Land, buildings and equipment, net

  beginning of year $273,821,728 · end of year $268,058,763

• 11 · Investments: publicly traded securities

  beginning of year $204,552,807 · end of year $196,949,696

• 12 · Investments: other securities

  beginning of year $19,311,286 · end of year $26,992,498

• 14 · Intangible assets

  beginning of year $8,121,983 · end of year $10,332,870

• 15 · Other assets

  beginning of year $5,043,927 · end of year $3,481,813

• 17 · Accounts payable and accrued expenses

  beginning of year $20,460,571 · end of year $17,297,281

• 18 · Grants payable

  beginning of year $5,098,531 · end of year $4,790,000

• 19 · Deferred revenue

  beginning of year $42,083,110 · end of year $43,657,636

• 20 · Tax-exempt bond liabilities

  beginning of year $108,817,229 · end of year $103,884,246

• 25 · Other liabilities

  beginning of year $21,656,988 · end of year $22,458,738

• 27 · Net assets without donor restrictions

  beginning of year $282,476,220 · end of year $276,182,756

• 28 · Net assets with donor restrictions

  beginning of year $79,505,595 · end of year $84,225,106

The filer's explanations (Part III)

PART I, LINE 1A

AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE UNIVERSITY, THE PRESIDENT IS REQUIRED TO LIVE IN A UNIVERSITY RESIDENCE. IN ADDITION, HOUSEKEEPING SERVICES ARE REQUIRED FOR THE RESIDENCE. ANY PERSONAL USAGE IS TREATED AS TAXABLE INCOME. AMOUNTS ARE INCLUDED ON THE 990, PART VII AND SCHEDULE J, PART II. THE PRESIDENT IS REQUIRED TO TRAVEL TO ATTEND MEETINGS AND EVENTS RELEVANT TO THE UNIVERSITY'S MISSION. THE UNIVERSITY PAYS RELATED EXPENSES FOR THE TRAVEL AND ATTENDANCE OF THE PRESIDENT'S SPOUSE FOR THOSE EVENTS REQUIRING THE SPOUSE'S PRESENCE AS A BUSINESS PURPOSE. AS THE PRESIDENT'S CONTRACT PROVIDES: FIRST CLASS AIR TRAVEL MAY BE PROVIDED BY THE UNIVERSITY FOR ONLY THOSE FLIGHTS IN EXCESS OF THREE HOURS.

PART I, LINES 4A-B

SEVERANCE PAYMENTS WERE MADE TO EUGENE PALMA AND JACQUELINE LAMON IN THE AMOUNTS OF $131,969 AND $102,936 RESPECTIVELY. THE PRESIDENT PARTICIPATED IN A NONQUALIFIED DEFERRED COMPENSATION PLAN WHICH WAS EFFECTIVE AS OF JULY 1, 2015. $61,643 IS INCLUDED UNDER THIS PLAN FOR THE CURRENT YEAR AS DEFERRED COMPENSATION IN SCH J, PART II, COLUMN (C). IN ADDITION, CERTAIN INDIVIDUALS PARTICIPATED IN NONQUALIFIED DEFERRED COMPENSATION PLANS WITH EFFECTIVE DATES AS NOTED BELOW. THE AMOUNTS INDICATED BELOW ARE INCLUDED FOR THE CURRENT YEAR AS DEFERRED COMPENSATION IN SCH J, PART II, COLUMN (C): KRISTEN CAPEZZA (EFFECTIVE 9/1/17): $10,000 JAMES PERRINO (EFFECTIVE 9/1/18, REVISED 9/1/19): $10,000 HYUNAH GRAFER (EFFECTIVE 9/1/18): $10,000 CHRISTOPHER STORM (EFFECTIVE 7/1/21): $10,000 EUGENE PALMA (EFFECTIVE 3/15/21): $10,000 SENTWALI BAKARI (EFFECTIVE 12/1/20): $10,000

PART I, LINE 7

BONUSES WERE PAID IN 2022 TO CERTAIN INDIVIDUALS WHO MET PERFORMANCE GOALS AND METRICS DURING THE YEAR AND THE AMOUNTS HAVE BEEN INCLUDED IN PART II COLUMN B (II) AS TAXABLE INCOME.

Disregarded entities

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

• BLACKCAT ADVERTISING AGENCY LLC

  ADVERTISING · NY · income $0 · assets $0

  Directly controlled by ADELPHI UNIVERSITY