City University Construction Fund
City University Construction Fund reported $1.52 billion in revenue and $1.52 billion in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $100.00 went to program services, $0.00 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 100.0% of the total. Government grants made up 13.0%. The highest compensation it reported for one person was $299,933 (EXECUTIVE DIRECTOR). Revenue fell 11% 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 $1.52BFor 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 $1.52BThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 100.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 0.0% | 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 | 100.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 13.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $299,933 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.02% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 0 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 0.1 | 13.3 |
| Independent voting board members Part VI 1a–1b | 7 of 7 | 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 expenseTuition & fees:City University Construction Fund ("cucf") receives cash transfers from tuition and fees collected from the various senior and community colleges in new york city, and remits the funds to the city
Appropriations:the organization receives appropriations from the state of new york and the city of new york, which are used for the reimbursement of operating expenses and debt service payments to the dormitory authority of new york (dasny). Dasny has issued bonds, the proceeds of which are used to support cuny's capital program
Project funds:effective january 1, 2013, funds for all cucf managed projects are remitted to cucf by dasny and other various sources, and are then disbursed by cucf to contractors responsible for construction of facilities at both senior colleges and community colleges
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 |
|---|---|---|---|---|
| EXECUTIVE DIRECTOR Officer, 35.00 hrs/week | $0 | $245,673 | $54,260 | $299,933 |
| ASSOC. VC OF DESIGN, CONST.,&MGMT UNTIL NOV. 2024 Highest compensated employee, 35.00 hrs/week | $0 | $191,735 | $25,709 | $217,444 |
| ASSOCIATE DIRECTOR Highest compensated employee, 35.00 hrs/week | $0 | $176,590 | $38,870 | $215,460 |
| ED REAL ESTATE & PLANNING UNTIL SEPT. 2024 Highest compensated employee, 35.00 hrs/week | $0 | $165,382 | $44,632 | $210,014 |
| CAPITAL BUDGET DIRECTOR Highest compensated employee, 35.00 hrs/week | $0 | $171,842 | $38,055 | $209,897 |
| ED FINANCIAL MGMT & ADMIN. Highest compensated employee, 35.00 hrs/week | $0 | $175,694 | $27,645 | $203,339 |
| GENERAL COUNSEL Officer, 35.00 hrs/week | $0 | $158,094 | $28,918 | $187,012 |
0 people received more than $100,000 in reportable compensation from City University Construction Fund (Part VII, line 2).
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–1b7 · 7 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 15aNo
- Board given the 990 before filing Part VI 11aNo
- 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 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 67
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| BOARD OF MANAGERS OF TWO COURT SQUARE CO Service management | $5,820,688 |
| APF 28 W 44 OWNER LP Construction services | $1,649,911 |
| HUDSON MERIDIAN CONSTRUCTION GROUP LLC Construction services | $1,348,738 |
| DURST DEVELOPMENT LLC Property manager | $601,684 |
| MICHIELLI WYETZNER ARCHITECTS Architectural services | $565,388 |
Individuals listed as contractors are left out. 12 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from City University Construction Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for City University Construction Fund, you can publish a response that is linked from this page.
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Of every $100 City University Construction Fund spent in FY2025, $100.00 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Universite de MontrealCanada, · revenue $1.51B · programs 84.6% · FY2025
- Trustees of Tufts CollegeMedford, MA · revenue $1.56B · programs 85.1% · FY2025
- Albert Einstein College of MedicineBronx, NY · revenue $1.48B · programs 93.0% · 2024
- Baylor UniversityWaco, TX · revenue $1.56B · programs 81.9% · FY2025
- Drexel UniversityPhiladelphia, PA · revenue $1.47B · programs 86.5% · FY2025
Questions people ask
How much of City University Construction Fund's spending goes to programs?
In the fiscal year ending June 30, 2025, City University Construction Fund reported that 100.0% of its $1.52 billion in expenses went to program services, 0.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does City University Construction Fund pay its top executive?
The largest total compensation City University Construction Fund reported for one person in the fiscal year ending June 30, 2025 was $299,933, for the role of EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does City University Construction Fund get its money?
Of $1.52 billion in revenue in the fiscal year ending June 30, 2025, 100.0% came from contributions and grants (including 13.0% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).
Is City University Construction Fund a registered charity?
The IRS lists EIN 13-2587538 as a 501(c)(3) organization (organization operated for a governmental college or university), 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 202611359349308251 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541349349313104 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202430479349300643 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331359349307728 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202210339349301006 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202110389349300406 · read the filing
All filings for EIN 13-2587538: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.