2025-05-12T13:58:12+00:00 2024-06-30 350921680 CROWE LLP 485 Lexington Avenue Floor 11 New York NY 100172619 990 2023-07-01 131988190 Research Foundation of the City University of New York RESE 2124178580 230 West 41st Street New York NY 10036 Hector R Cordero-Guzman President 2025-05-12 true Shira Fuller P01417945 2125725500 2025-05-12 2023 2025-03-06 01:10:19Z Hector R Cordero-Guzman 230 West 41st Street New York NY 10036 720911196 false X WWW.RFCUNY.ORG X 1963 NY 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). 17 17 14410 17 -2845919 0 560421167 626363695 38219841 42324435 3184809 6853282 -1492307 -2526588 600333510 673014824 23609766 89719836 0 346664994 375761449 13000 10000 10000 222550338 199819762 592838098 665311047 7495412 7703777 580593127 652289162 443726911 482012082 136866216 170277080 X 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 FOUNDATION'S 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. false false 213927016 41138712 12825173 ORGANIZED 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 IN RESEARCH TECHNIQUES (COMMONLY CALLED RESEARCH TRAINING) WHERE SUCH ACTIVITIES UTILIZE THE SAME FACILITIES AS OTHER RESEARCH DEVELOPMENT ACTIVITIES. 191955388 31828072 8905801 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. 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208503129 840529566 93419 RESEARCH WOMENS HOUSING & ECONOMIC DEVELOPMENT CORP 50 EAST 168TH STREET BRONX NY 10452 113099604 501(C)(3) 275193 RESEARCH WORKFORCE PROFESSIONALS TRAINING INSTITUTE 11 WEST 42ND STREET 3RD FL NEW YORK NY 10036 203891493 501(C)(3) 9907 RESEARCH YALE UNIVERSITY OPHTHALMOLOGY VISUAL SCIENCE 300 GEORGE STREET SUITE 8100 NEW HAVEN CT 06511 060646973 501(C)(3) 207633 RESEARCH YEMENI AMERICAN MERCHANTS ASSN 352 86TH STREET BROOKLYN NY 11209 823539502 501(C)(3) 192635 RESEARCH YESHIVA UNIVERSITY 500 WEST 185TH STREET NEW YORK NY 10033 131624225 501(C)(3) 47162 RESEARCH 231 29 SCHOLARSHIPS AND FELLOWSHIPS 14019 33322568 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. THE RESEARCH FOUNDATION MONITORS THE USE OF GRANT FUNDS BY ADHERING TO SPECIFIC POLICIES AND PROCEDURES TO ENSURE THAT GRANT FUNDS ARE BEING USED FOR AUTHORIZED PURPOSES AND AS REQUIRED BY THE GRANT AGREEMENT AND APPLICABLE REGULATIONS. SCHOLARSHIPS AND FELLOWSHIPS ARE AWARDED TO THE UNDERGRADUATE AND GRADUATE STUDENTS BASED UPON VARIOUS SETS OF CRITERIA ESTABLISHED BY THE RESTRICTED PROJECTS AND BY TYPE OF AWARDS LISTED IN THE CUNY CATALOGUE. FOR RESEARCH GRANTS, THE ORGANIZATION USES REPORTING, REGULAR CONTACT, SITE VISITS AND OTHER MEANS TO PROVIDE REASONABLE ASSURANCE THAT THE SUBRECIPIENT ADMINISTERS AWARDS IN COMPLIANCE WITH SUCH PROVISIONS AND THAT CONTRACT PERFORMANCE GOALS ARE ACHIEVED. THE ORGANIZATION REVIEWS ALL SUBRECIPIENT INVOICES AND COMPARES THEM TO THE SUBAWARD BUDGET. SITE VISITS ARE A DISCRETIONARY MONITORING PROCEDURE BUT ARE RECOMMENDED TO EVALUATE THE SUBRECIPIENT'S COMPLIANCE WITH THE SCIENTIFIC OBJECTIVES OF THE SPONSORED PROJECT AND THE APPROPRIATENESS OF THE SUBRECIPIENT'S ADMINISTRATION OF THE SUBAWARD. THE FREQUENCY OF SITE VISITS WILL DEPEND ON THE RISK ASSOCIATED WITH THE SUB- AWARD, LEVEL OF COMPLEXITY AND SCOPE OF WORK. X true false false false false false false false false JERRY F STEELE FORMER CHIEF OPERATING OFFICER 128095 0 0 0 229443 0 147361 0 15465 0 520364 0 0 0 GAVITA D HARRIS CHIEF FINANCIAL OFFICER 229301 0 0 0 690 0 23741 0 38594 0 292326 0 0 0 JACEK OLSZEWSKI CHIEF INFORMATION OFFICER 206754 0 0 0 17338 0 22875 0 27801 0 274768 0 0 0 KYUNG HUR INTERIM CHIEF OPERATING OFFICER - 07/2023 THRU 09/2023 166019 0 0 0 1838 0 23882 0 38594 0 230333 0 0 0 HECTOR R CORDERO-GUZMAN PRESIDENT 318075 0 0 0 2314 0 25108 0 38473 0 383970 0 0 0 MATTHEW R DROST CHIEF COUNSEL & SECRETARY 209754 0 0 0 985 0 21869 0 37183 0 269791 0 0 0 ANNETTE C PIECORA CHIEF HUMAN RESOURCES OFFICER - as of 11/20/2023 218618 0 0 0 3810 0 2575 0 12288 0 237291 0 0 0 MARC V SHAW CUNY PROJECT DIRECTOR 251638 0 0 0 21903 0 27204 0 0 0 300745 0 0 0 DOLISKI A MOZELESKI ASSOCIATE GRANTS DIRECTOR - CITY COLLEGE 284864 0 0 0 0 0 29163 0 16690 0 330717 0 0 0 KAREN GOLDSTEIN SENIOR ASSOCIATE COUNSEL 235608 0 0 0 22500 0 26713 0 29492 0 314313 0 0 0 SARAH G KULKARNI PROJECT DIRECTOR 200846 0 0 0 22500 0 24072 0 47947 0 295365 0 0 0 LISA M DESTEFANO DIRECTOR OF RESEARCH POLICY AND INDIRECT COST - thru 9/2023 253567 0 0 0 194 0 26193 0 31233 0 311187 0 0 0 Schedule J, Part I, Line 4a Severance or change-of-control payment THE FORMER CHIEF OPERATING OFFICER, JERRY STEELE, RETIRED IN 2023. HE RECEIVED PAYMENTS OF $225,957 IN 2023 AND ACCRUED PAYMENTS OF $123,813 TO 2024 UPON HIS DEPARTURE FROM THE ORGANIZATION BASED ON HIS YEARS OF SERVICE WITH THE ORGANIZATION. Form 990, Part III, Line 4d Description of other program services (Expenses $ 56,354,515 including grants of $ 263,513)(Revenue $ 11,484,363) OTHER INSTITUTIONAL ACTIVITY - WHEN ACTIVITIES ARE UNDERTAKEN BY THE INSTITUTION WITHOUT OUTSIDE SUPPORT, THEY MAY BE CLASSIFIED AS OTHER INSTITUTIONAL ACTIVITIES. OIA TYPICALLY INCLUDES AUXILIARY ENTERPRISES IN SUPPORT OF ACTIVITIES WHICH INCLUDE: STUDENT UNIONS, DINING HALLS, ATHLETICS, RESIDENCE HALLS, THEATRES, ETC. Form 990, Part VI, Line 15b PROCESS TO DETERMINE COMPENSATION FOR OFFICERS ANNUAL SALARY INCREASES FOR THE CHIEF OFFICERS ARE DETERMINED BY THE PRESIDENT ON THE BASIS OF AN ANNUAL PERFORMANCE APPRAISAL PROCESS. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee is fully empowered to act on behalf of the full Board of Directors between regular meetings of the Board on any and all matters requiring prompt resolution, except amendment of the bylaws and other activities proscribed by law. The Executive Committee reports to the Board at the next Board meeting all activities taken since the last Board meeting. The members of the Committee include the following: Felix V. Matos Rodriguez Joshua C. Brumberg Ayman El-Mohandes David Jeruzalmi Neil Stahl All of these members are members of the governing body. Form 990, Part VI, Line 11b Review of form 990 by governing body THE TAX RETURN IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY THE SENIOR MANAGEMENT OF THE ORGANIZATION. THE RETURN IS DISTRIBUTED TO THE FULL BOARD FOR THEIR REVIEW PRIOR TO FILING THE RETURN WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy THE ORGANIZATION HAS ADOPTED A CONFLICT OF INTEREST POLICY APPLICABLE TO OFFICERS AND DIRECTORS THAT PROVIDES, IN PART, THAT A PERSON WITH A CONFLICT OF INTEREST SHALL NOT BE PRESENT AT OR PARTICIPATE IN ANY BOARD OR COMMITTEE DELIBERATION OR VOTE ON THE MATTER GIVING RISE TO A CONFLICT. OFFICERS AND DIRECTORS ARE GIVEN AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE PRESIDENT'S SALARY IS DETERMINED BY THE RESEARCH FOUNDATION'S BOARD OF DIRECTORS. THE BOARD USES COMPARABLE DATA OF SIMILAR ORGANIZATIONS TO DETERMINE COMPENSATION, AND THE PROCESS IS CONTEMPORANEOUSLY DOCUMENTED. THIS PROCESS WAS LAST UNDERTAKEN IN FY23. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE ALSO POSTED ON THE ORGANIZATION'S WEBSITE. Form 990, Part VII, Section A Form 990, Part VII, Section A Xiaole Jiang, the Graduate Student representative on the BOD, received employee compensation in calendar year 2023 as a Research Assistant. He did not receive compensation for services rendered as a board member of the Research Foundation of the City University of New York. Form 990, Part XI, Line 9 Other changes in net assets or fund balances POSTRETIREMENT CREDIT - 17679060; PERIODIC POSTRETIREMENT BENEFIT CHANGE - 10093234; Change in fair value of interest rate swap agreement - -2545802; 230 WEST 41ST STREET LLC 230 WEST 41ST STREET NEW YORK NY 10036 201105113 RENTAL REAL ESTATE DE 15188517 98037677 RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK GRANTS PLUS INC 230 WEST 41ST STREET NEW YORK NY 10036 201541601 GRANT MANAGEMENT NY 501(c)(3) Type I RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK true false false false false false false false false false false false false false true true false false false false