RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK Charity Report

Public IRS 990 nonprofit record

RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK

EIN 13-1988190 · Education (B110)

What they do

THE RESEARCH FOUNDATION of THE CITY UNIVERSITY of NEW YORK (THE FOUNDATION) is A PRIVATE, NOT-FOR-PROFIT EDUCATIONAL CORPORATION CHARTERED BY THE STATE of NEW YORK IN 1963. ALTHOUGH THE FOUNDATION PERFORMS A VARIETY of SERVICES for THE CITY UNIVERSITY of NEW YORK (THE UNIVERSITY), IT is A SEPARATE LEGAL ENTITY GOVERNED BY ITS OWN BOARD of DIRECTORS and OPERATED BY ITS OWN MANAGEMENT TEAM PURSUANT to THE FOUNDATIONS BYLAWS, POLICIES and PROCEDURES. THE FOUNDATION RECEIVES, HOLDS and ADMINISTERS GIFTS, GRANTS and CONTRACTS; ACTS AS TRUSTEE of EDUCATIONAL or CHARITABLE TRUSTS; FINANCES THE CONDUCT of STUDIES and RESEARCH IN ALL FIELDS of INTELLECTUAL INQUIRY; ASSISTS IN DEVELOPING and INCREASING FACILITIES; and PERFORMS OTHER TASKS IN SUPPORT of THE EDUCATIONAL and COMMUNITY SERVICE OBJECTIVES of THE UNIVERSITY. THE FOUNDATION EMPLOYS STAFF; ENTERS INTO CONTRACTUAL RELATIONSHIPS; and ACQUIRES SUCH FACILITIES, GOODS and SERVICES AS ARE APPROPRIATE to ITS PURPOSE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $93.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders30 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

93.10%of revenue went to mission work93.5% of expenses · Program services

0.00%of revenue went to fundraising0.0% of expenses

$99.61spent for every $100 of revenueRevenue covered expenses this year.

6.51%of revenue went to management and office costs6.5% of expenses

$0.98in assets for every $1 spent this yearSome assets cannot be spent right away.

93.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $386,919 for HECTOR R CORDERO-GUZMAN (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$667,697,898

Mission workProgram services$621,637,38193.10% of revenue93.5% of expenses

ManagementOffice and general costs$43,443,6126.51% of revenue6.5% of expenses

FundraisingAsking for donations$8,0000.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$2,608,9050.39% of revenueShown in gray on the chart

Total expenses$665,088,99399.61% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 93.5% mission · 6.5% management · 0.0% fundraisingTotal expenses: 99.61% of revenue

2023Expense mix: 94.1% mission · 5.9% management · 0.0% fundraisingTotal expenses: 98.86% of revenue

2022Expense mix: 94.5% mission · 5.5% management · 0.0% fundraisingTotal expenses: 98.75% of revenue

2021Expense mix: 94.1% mission · 5.9% management · 0.0% fundraisingTotal expenses: 99.33% of revenue

2020Expense mix: 93.9% mission · 6.1% management · 0.0% fundraisingTotal expenses: 99.42% of revenue

2019Expense mix: 93.8% mission · 6.2% management · 0.0% fundraisingTotal expenses: 99.24% of revenue

2018Expense mix: 94.3% mission · 5.6% management · 0.0% fundraisingTotal expenses: 98.44% of revenue

2016Expense mix: 94.6% mission · 5.4% management · 0.1% fundraisingTotal expenses: 99.34% of revenue

Money in and money out

Revenue$667,697,898

Expenses$665,088,993

Annual surplus $2,608,905 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$621,637,381 · 93.5% of expenses

Management and office costs$43,443,612 · 6.5% of expenses

Fundraising$8,000 · 0.0% of expenses

See all reported dollar amounts

Revenue$667,697,898

Expenses$665,088,993

Assets$650,099,139

Income$700,351,660

Contributions$621,645,380

Mission work (program services)$621,637,381

Fundraising$8,000

Grants given$97,149,440

Average grant$186,467

Management and general$43,443,612

Stocks and bonds$63,023,952

Accounting fees$291,015

Investing fees$205,110

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

HECTOR R CORDERO-GUZMANPRESIDENT · 35 hrs/week $386,919Base $319,866 · Other $67,053

DOLISKI A MOZELESKIASSOCIATE GRANTS DIRECTOR - CITY COLLEGE · 35 hrs/week $376,524Base $325,880 · Other $50,644

SARAH G KULKARNIASSOCIATE DIRECTOR · 35 hrs/week $334,671Base $255,577 · Other $79,094

KAREN GOLDSTEINEXECUTIVE LEGAL COUNSEL · 35 hrs/week $331,583Base $271,993 · Other $59,590

GAVITA D HARRISCHIEF FINANCIAL OFFICER · 35 hrs/week $307,227Base $241,222 · Other $66,005

MARC V SHAWCUNY PROJECT DIRECTOR · 35 hrs/week $300,756Base $273,551 · Other $27,205

JACEK OLSZEWSKICHIEF INFORMATION OFFICER · 35 hrs/week $286,320Base $231,240 · Other $55,080

MATTHEW R DROSTCHIEF COUNSEL & SECRETARY · 35 hrs/week $282,497Base $212,720 · Other $69,777

DEAN A FULEIHANSENIOR FELLOW · 35 hrs/week $270,456Base $250,422 · Other $20,034

ANNETTE C PIECORACHIEF HUMAN RESOURCES OFFICER · 35 hrs/week $264,761Base $233,114 · Other $31,647

JERRY STEELEFORMER CHIEF OPERATING OFFICER · 35 hrs/week $123,813

ELIZABETH VEROSTEKFORMER CHIEF OPERATING OFFICIER · 35 hrs/week $120,850Base $116,031 · Other $4,819

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (30)

HECTOR R CORDERO-GUZMANPRESIDENT

DOLISKI A MOZELESKIASSOCIATE GRANTS DIRECTOR - CITY COLLEGE

SARAH G KULKARNIASSOCIATE DIRECTOR

KAREN GOLDSTEINEXECUTIVE LEGAL COUNSEL

GAVITA D HARRISCHIEF FINANCIAL OFFICER

MARC V SHAWCUNY PROJECT DIRECTOR

JACEK OLSZEWSKICHIEF INFORMATION OFFICER

MATTHEW R DROSTCHIEF COUNSEL & SECRETARY

DEAN A FULEIHANSENIOR FELLOW

ANNETTE C PIECORACHIEF HUMAN RESOURCES OFFICER

JERRY STEELEFORMER CHIEF OPERATING OFFICER

ELIZABETH VEROSTEKFORMER CHIEF OPERATING OFFICIER

MINDAUGAS PAUNKSNISCHIEF OPERATING OFFICER - AS OF 08/19/24

XIAOLE JIANGBOARD MEMBER - GRAD STUDENT

JOSHUA BRUMBERGVICE CHAIR

KENNETH ADAMSBOARD MEMBER

LARRY JOHNSONBOARD MEMBER

LESLEY DAVENPORTBOARD MEMBER

FELIX MATOS RODRIGUEZCHAIRPERSON

DAVID JERUZALMIBOARD MEMBER

MICHELLE J ANDERSONBOARD MEMBER

CHAUNCY H LENNONBOARD MEMBER

NEIL STAHLBOARD MEMBER

RICHARDO OTHEGUYBOARD MEMBER

ROCHELLE RIVESBOARD MEMBER

RUTH NOEMI COLONBOARD MEMBER

AYMAN EL-MOHANDESBOARD MEMBER

STEVEN PENRODBOARD MEMBER

WILLIAM KELLERBOARD MEMBER

ABEL VALENZUELA JRBOARD MEMBER

About this charity

Recognized since: January 1982
Location: 230 W 41ST ST 7TH FL, NEW YORK, NY 10036-7207
County: New York
In care of: Hector R Cordero-Guzman
Primary officer: Hector R Cordero-Guzman, President

How to reach them

WebsiteVisit the charity’s website Phone(212) 417-8580

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CROWE LLP
NTEE classification: Education (B110)
Grant-giving organization: Yes