Research Foundation of the City University of New York
Research Foundation of the City University of New York reported $667.7 million in revenue and $665.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $93.47 went to program services, $6.53 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 93.1% of the total. Government grants made up 64.4%. The highest compensation it reported for one person was $386,919 (PRESIDENT). 447 people received more than $100,000 in reportable compensation. Revenue rose 22% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $665MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $668M- Contributions & grants (non-government)$28.55 $192M
- Government grants$64.09 $430M
- Program service revenue$6.32 $42M
- Investment income$1.04 $7.0M
Other revenue was negative: −$3.3M. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 93.5% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 6.5% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 93.1% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 64.4% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 6.3% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $386,919 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.06% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 447 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 3.1 | 13.3 |
| Independent voting board members Part VI 1a–1b | 16 of 17 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseOrganized research - includes all externally funded research activities, both basic and applied, and all development activities. A systematic, intensive study intended to increase knowledge or understanding of the subject studied, specifically directed toward applying a new knowledge to meet a recognized need, or a systematic application of knowledge to the production of useful materials, devises, and systems or methods, including design, development, and improvement of prototypes and new processes to meet specific requirements. It also includes activities related to training of individuals…
Other sponsored activity - programs and projects funded by federal and non-federal agencies and organizations that involve the performance of work or activities that are not considered instruction and organized research that benefit the general public or sectors of the community. Osa typically include community outreach or development of public education programs
Instruction/training - includes all sponsored teaching and training activities, except for research training, of an institution whether offered for credit toward a degree or certificate, on a non-credit basis, or through regular academic departments or by separate divisions, such as summer session
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Officer, 35.0 hrs/week | $319,866 | $0 | $67,053 | $386,919 |
| ASSOCIATE GRANTS DIRECTOR - CITY COLLEGE Highest compensated employee, 35.0 hrs/week | $325,880 | $0 | $50,644 | $376,524 |
| ASSOCIATE DIRECTOR Highest compensated employee, 35.0 hrs/week | $255,577 | $0 | $79,094 | $334,671 |
| EXECUTIVE LEGAL COUNSEL Highest compensated employee, 35.0 hrs/week | $271,993 | $0 | $59,590 | $331,583 |
| CHIEF FINANCIAL OFFICER Officer, 35.0 hrs/week | $241,222 | $0 | $66,005 | $307,227 |
| CUNY PROJECT DIRECTOR Highest compensated employee, 35.0 hrs/week | $273,551 | $0 | $27,205 | $300,756 |
| CHIEF INFORMATION OFFICER Officer, 35.0 hrs/week | $231,240 | $0 | $55,080 | $286,320 |
| CHIEF COUNSEL & SECRETARY Officer, 35.0 hrs/week | $212,720 | $0 | $69,777 | $282,497 |
447 people received more than $100,000 in reportable compensation from Research Foundation of the City University of New York (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.8M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b17 · 16 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 514,396
- Volunteers Part I, line 616
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| BLACKFLY INVESTMENTS LLC DBA MOLECULAR TESTING LABS Consultants | $2,826,927 |
| CAYUSE HOLDINGS LLC Consultants | $2,339,185 |
| 5 BAY STREET PHASE 1 LLC Facilities repair & maintenance | $1,621,603 |
| NIXON PEABODY LLP Legal | $550,169 |
| TELOS LEARNING LLC Consultants | $370,913 |
Individuals listed as contractors are left out. 23 contractors were paid more than $100,000 in all.
Private foundation grants it received
33 private foundations reported grants to Research Foundation of the City University of New York totaling $16M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Research Foundation of the City University of New York's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Research Foundation of the City University of New York, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Research Foundation of the City University of New York spent in FY2025, $93.47 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Commonwealth Charter Academy Charter SchoolHarrisburg, PA · revenue $665M · programs 95.4% · FY2025
- University of Wisconsin FoundationMadison, WI · revenue $681M · programs 88.8% · FY2025
- Everglades CollegeFt Lauderdale, FL · revenue $663M · programs 100.0% · 2024
- The New York Public Library Astor Lenox and Tilden FoundationsNew York, NY · revenue $693M · programs 87.5% · FY2025
- Universite de SherbrookeCanada, · revenue $662M · programs 76.9% · FY2025
Questions people ask
How much of Research Foundation of the City University of New York's spending goes to programs?
In the fiscal year ending June 30, 2025, Research Foundation of the City University of New York reported that 93.5% of its $665.1 million in expenses went to program services, 6.5% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Research Foundation of the City University of New York pay its top executive?
The largest total compensation Research Foundation of the City University of New York reported for one person in the fiscal year ending June 30, 2025 was $386,919, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Research Foundation of the City University of New York get its money?
Of $667.7 million in revenue in the fiscal year ending June 30, 2025, 93.1% came from contributions and grants (including 64.4% from government grants) and 6.3% from program service revenue (Form 990, Part VIII).
Is Research Foundation of the City University of New York a registered charity?
The IRS lists EIN 13-1988190 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202621329349307342 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541329349304444 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401359349311470 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321329349302887 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202220559349300937 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111339349303091 · read the filing
All filings for EIN 13-1988190: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.