Research Foundation of the City University of New York

EIN: 131988190 501(c)(3) Education

New York, NY

Total Revenue
$600,333,510
Total Expenses
$592,838,098
Total Assets
$580,593,127
Net Assets
$136,866,216
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1963
Legal Domicile
NY
Phone
2124178580
Tax Period
2022-07-01 to 2023-06-30

Research Foundation of the City University of New York, founded in 1963, is a major nonprofit in the Education sector that reported $600.3M in total revenue in fiscal year 2022. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

Provide support to CUNY faculty and staff in identifying and obtaining external support (pre-award) from government and private sponsors and is responsible for the administration of all such funded programs (post-award).

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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 (2022)

Revenue Breakdown

Contributions & Grants $560,421,167
Program Service Revenue $38,219,841
Investment Income $3,184,809
Other Revenue $-1,492,307
TOTAL REVENUE $600,333,510

Expense Breakdown

Grants Paid $23,609,766
Salaries & Benefits $346,664,994
Fundraising Expenses $13,000
Program Expenses $560,412,196
Other Expenses $222,550,338
TOTAL EXPENSES $592,838,098

Year-over-Year Comparison

2022 2021 Change
Revenue $600,333,510 $518,290,887 +0.2%
Expenses $592,838,098 $514,798,703 +0.2%
Net Income $7,495,412 $3,492,184 +1.1%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
17
Independent Members
17
Employees
12884
Volunteers
17

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
6
$1,650,007
Total Directors
17
$214
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A BOARD MEMBER-AS OF 07/01/22 0.2
Director
$0 $0 $0
N/A BOARD MEMBER 0.2
Director
$0 $0 $0
N/A BOARD MEMBER-AS OF 07/01/22 0.2
Director
$0 $0 $0
N/A BOARD MEMBER 0.2
Director
$0 $0 $0
N/A Chairperson 0.3
Director
$0 $0 $0
N/A BOARD MEMBER 0.2
Director
$0 $0 $0
N/A BOARD MEMBER 0.2
Director
$0 $0 $0
N/A BOARD MEMBER 0.2
Director
$0 $0 $0
N/A BOARD MEMBER 0.2
Director
$0 $0 $0
N/A BOARD MEMBER 0.2
Director
$0 $0 $0
N/A VICE CHAIR 0.3
Director
$0 $0 $0
N/A BOARD MEMBER-AS OF 03/20/23 0.2
Director
$0 $0 $0
N/A BOARD MEMBER 0.2
Director
$0 $0 $0
N/A BOARD MEMBER-GRAD STUDENT 0.2
Director
$0 $0 $0
N/A BOARD MEMBER 0.2
Director
$0 $0 $0
N/A BOARD MEMBER 0.2
Director
$0 $0 $0
N/A BOARD MEMBER-AS OF 03/24/23 0.2
Director
$214 $0 $214
N/A CHIEF FINANCIAL OFFICER 35.0
Officer
$222,739 $59,468 $282,207
N/A PRESIDENT 35.0
Officer
$305,210 $24,255 $329,465
N/A CHIEF INFORMATION OFFICER 35.0
Officer
$217,946 $48,082 $266,028
N/A CHIEF COUNSEL & SECRETARY- thru 10/27/22 35.0
Officer
$247,831 $26,373 $274,204
N/A CHIEF OPERATING OFFICER - thru 06/30/23 35.0
Officer
$249,768 $53,845 $303,613
N/A CHIEF COUNSEL & SECRETARY - AS OF 11/07/2022 35.0
Officer
$161,023 $33,467 $194,490
N/A ASSOCIATE GRANTS DIRECTOR - CITY COLLEGE 35.0
Highest
$293,523 $44,741 $338,264
N/A CUNY SR. UNIVERSITY DEAN FOR ACADEMIC AFFAIRS 35.0
Highest
$232,050 $10,147 $242,197
N/A CUNY PROJECT DIRECTOR 35.0
Highest
$270,998 $27,100 $298,098
N/A RF PROJECT DIRECTOR 35.0
Highest
$260,781 $34,196 $294,977
N/A Senior Director of HR 35.0
Highest
$296,386 $13,341 $309,727
N/A FORMER CHIEF FINANCIAL OFFICER / INTERIM PRESIDENT (thru 12/31/2021) 0.0
$142,425 $14,243 $156,668
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $600,333,510 $592,838,098 $580,593,127 $7,495,412
2022 $518,290,887 $514,798,703 $512,515,904 $3,492,184
2021 $501,643,850 $498,715,234 $439,317,076 $2,928,616
2020 $547,502,335 $543,321,202 $422,222,226 $4,181,133
2019 $560,096,585 $551,354,612 $415,139,478 $8,741,973
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