The Research Foundation for The State University of New York
The Research Foundation for The State University of New York reported $1.86 billion in revenue and $1.65 billion in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $82.89 went to program services, $17.11 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 83.1% of the total. Government grants made up 54.0%. The highest compensation it reported for one person was $656,781 (CIO, STONY BROOK FOUNDATION). 774 people received more than $100,000 in reportable compensation. Revenue rose 18% 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 $1.65BFor 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 $1.86BThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 82.9% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 17.1% | 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 | 83.1% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 54.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 11.2% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $656,781 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.04% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 774 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 8.7 | 13.3 |
| Independent voting board members Part VI 1a–1b | 15 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 expensePublic service- program service accomplishments
Training and education- program service accomplishments
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 |
|---|---|---|---|---|
| CIO, STONY BROOK FOUNDATION Highest compensated employee, 37.5 hrs/week | $591,833 | $0 | $64,948 | $656,781 |
| VP FOR DEVELOPMENT, UPSTATE MEDICAL UNIVERSITY Highest compensated employee, 37.5 hrs/week | $413,650 | $0 | $87,700 | $501,350 |
| CHIEF ADMINISTRATIVE OFFICER Highest compensated employee, 37.5 hrs/week | $456,367 | $0 | $23,327 | $479,694 |
| PRESIDENT, NY CREATES Highest compensated employee, 37.5 hrs/week | $423,795 | $0 | $55,223 | $479,018 |
| ADMN DIR, UPSTATE UNIV MED ASSOCIATION Highest compensated employee, 37.5 hrs/week | $322,330 | $0 | $58,356 | $380,686 |
| GENERAL COUNSEL AND SECRETARY Officer, 37.5 hrs/week | $312,609 | $0 | $63,580 | $376,189 |
| INTERIM CHIEF OPERATING OFFICER THROUGH OCTOBER 2024 Officer, 37.5 hrs/week | $272,195 | $0 | $62,229 | $334,424 |
| PRESIDENT Officer, 18.8 hrs/week | $309,950 | $0 | $17,479 | $327,429 |
774 people received more than $100,000 in reportable compensation from The Research Foundation for The State University of New York (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.3M (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 · 15 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 2Yes
- 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 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 515,627
- Volunteers Part I, line 61,298
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| MedBest Medical Management Incorporated Payroll Service | $9,868,036 |
| Air Liquide Electronics US LP Gas and Chemical MGT | $4,351,062 |
| Huron Consulting Services LLC IT Consulting Services | $2,426,404 |
| Partners Capital Investment Group Investment Consulting | $2,381,350 |
| Bank of New York Mellon Corporation Bank Fees | $1,207,249 |
Individuals listed as contractors are left out. 177 contractors were paid more than $100,000 in all.
Private foundation grants it received
17 private foundations reported grants to The Research Foundation for The State University of New York totaling $6.8M 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 The Research Foundation for The State 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 The Research Foundation for The State University of New York, you can publish a response that is linked from this page.
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Of every $100 The Research Foundation for The State University of New York spent in FY2025, $82.89 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Trustees of Boston CollegeChestnut Hill, MA · revenue $1.84B · programs 86.1% · FY2025
- Liberty UniversityLynchburg, VA · revenue $1.94B · programs 84.9% · FY2025
- Temple University - of the Commonwealth System of Higher EducationPhiladelphia, PA · revenue $1.79B · programs 88.4% · FY2025
- The Administrators of the Tulane Educational FundNew Orleans, LA · revenue $1.94B · programs 86.1% · FY2025
- The Medical College of WisconsinMilwaukee, WI · revenue $1.76B · programs 92.0% · FY2025
Questions people ask
How much of The Research Foundation for The State University of New York's spending goes to programs?
In the fiscal year ending June 30, 2025, The Research Foundation for The State University of New York reported that 82.9% of its $1.65 billion in expenses went to program services, 17.1% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does The Research Foundation for The State University of New York pay its top executive?
The largest total compensation The Research Foundation for The State University of New York reported for one person in the fiscal year ending June 30, 2025 was $656,781, for the role of CIO, STONY BROOK FOUNDATION (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Research Foundation for The State University of New York get its money?
Of $1.86 billion in revenue in the fiscal year ending June 30, 2025, 83.1% came from contributions and grants (including 54.0% from government grants) and 11.2% from program service revenue (Form 990, Part VIII).
Is The Research Foundation for The State University of New York a registered charity?
The IRS lists EIN 14-1368361 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 202513389349300401 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202520169349300902 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202333429349300003 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202233539349301433 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241329349304554 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202120429349300242 · read the filing
All filings for EIN 14-1368361: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.