2024-05-14T16:22:19+00:00 2023-06-30 350921680 CROWE LLP 485 Lexington Avenue Floor 11 New York NY 100172619 990 2022-07-01 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 2024-05-14 true Hector Cordero-Guzman 999009999 Nicole Bencik P00756195 2125725500 2022 2023-04-26 12:10:37Z Hector R Cordero-Guzman 230 West 41st Street New York NY 10036 618759602 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 12884 17 -2280433 0 484450201 560421167 34164717 38219841 258623 3184809 -582654 -1492307 518290887 600333510 20956057 23609766 0 312349180 346664994 13000 13000 181493466 222550338 514798703 592838098 3492184 7495412 512515904 580593127 408065175 443726911 104450729 136866216 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 210465188 9969334 13833413 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. 153949304 4566654 8249366 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. 147485217 8913970 8457104 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. 48512487 159808 7679958 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. 48512487 159808 7679958 560412196 true true false false false false false true false true false false true true true true false false false false false false false false false false false true true false false false false false false false false false false false false true true true false false false true 1236 0 true 12884 true true true false false false false false false false false false false false X 17 17 false false false false false false false true true false false true true true true true true true false false CT FL NY PA X X GAVITA HARRIS 2124178580 230 WEST 41ST ST 7TH FLOOR NEW YORK NY 10036 ABEL VALENZUELA JR BOARD MEMBER-AS OF 07/01/22 0.2 0.0 X 0 0 0 AYMAN EL-MOHANDES BOARD MEMBER 0.2 0.0 X 0 0 0 CHAUNCY H LENNON BOARD MEMBER-AS OF 07/01/22 0.2 0.0 X 0 0 0 DAVID JERUZALMI BOARD MEMBER 0.2 0.0 X 0 0 0 Felix Matos Rodriguez Chairperson 0.3 0.0 X 0 0 0 KENNETH ADAMS BOARD MEMBER 0.2 0.0 X 0 0 0 LESLEY DAVENPORT BOARD MEMBER 0.2 0.0 X 0 0 0 MICHELLE J ANDERSON BOARD MEMBER 0.2 0.0 X 0 0 0 NEIL STAHL BOARD MEMBER 0.2 0.0 X 0 0 0 RICHARDO OTHEGUY BOARD MEMBER 0.2 0.0 X 0 0 0 ROBIN L GARRELL VICE CHAIR 0.3 0.0 X 0 0 0 ROCHELLE RIVES BOARD MEMBER-AS OF 03/20/23 0.2 0.0 X 0 0 0 RUTH NOEMI COLON BOARD MEMBER 0.2 0.0 X 0 0 0 SAMI SAUMA BOARD MEMBER-GRAD STUDENT 0.2 0.0 X 0 0 0 STEVEN PENROD BOARD MEMBER 0.2 0.0 X 0 0 0 THOMAS A ISEKENEGBE BOARD MEMBER 0.2 0.0 X 0 0 0 WILLIAM KELLER BOARD MEMBER-AS OF 03/24/23 0.2 0.0 X 214 0 0 GAVITA D HARRIS CHIEF FINANCIAL OFFICER 35.0 0.0 X 222739 0 59468 HECTOR R CORDERO-GUZMAN PRESIDENT 35.0 0.0 X 305210 0 24255 JACEK OLSZEWSKI CHIEF INFORMATION OFFICER 35.0 0.0 X 217946 0 48082 JEFFREY I SLONIM CHIEF COUNSEL & SECRETARY- thru 10/27/22 35.0 0.0 X 247831 0 26373 JERRY F STEELE CHIEF OPERATING OFFICER - thru 06/30/23 35.0 0.0 X 249768 0 53845 MATTHEW R DROST CHIEF COUNSEL & SECRETARY - AS OF 11/07/2022 35.0 0.0 X 161023 0 33467 DOLISKI A MOZELESKI ASSOCIATE GRANTS DIRECTOR - CITY COLLEGE 35.0 0.0 X 293523 0 44741 JOHN MOGULESCU CUNY SR. UNIVERSITY DEAN FOR ACADEMIC AFFAIRS 35.0 0.0 X 232050 0 10147 MARC V SHAW CUNY PROJECT DIRECTOR 35.0 0.0 X 270998 0 27100 SHERRY M CLEARY RF PROJECT DIRECTOR 35.0 0.0 X 260781 0 34196 WENDY E PATITUCCI Senior Director of HR 35.0 0.0 X 296386 0 13341 JARNEE M BRAMLETTE FORMER CHIEF FINANCIAL OFFICER / INTERIM PRESIDENT (thru 12/31/2021) 0.0 0.0 X 142425 0 14243 2900894 0 389258 313 true true false BENNETT MIDLAND LLC 245 WEST 29TH STREET FLOOR 12A New York NY 10001 CONSULTANTS 653559 BLACKFLY INVESTMENTS LLCDBA MOLECULAR TESTING LABS 14401 SE 1ST STREET VANCOUVER WA 986843503 CONSULTANTS 524487 BREATHEZ ADVANCED THORACIC IMAGING LLC JEFREY A MILLER 7 DELLMEAD DRIVE LIVINGSTON NJ 07039 CONSULTANTS 292422 SEEDS TRAINING 2358 UNIVERSITY AVE STE 287 SAN DIEGO CA 92104 CONSULTANTS 258210 QUALTRICS LLC 333 W RIVER PARK DRIVE STE 700 PROVO UT 84604 CONSULTANTS 239025 31 394885748 165535419 560421167 ADMINISTRATIVE FEES 561000 38219841 38219841 0 0 0 0 38219841 3230750 3230750 10053653 11609934 -1556281 0 -1556281 -2280433 724152 6770217 6816158 -45941 0 -45941 -45941 OTHER TENANT CHARGES 900099 51605 51605 MISCELLANEOUS INCOME 900099 12369 12369 0 0 0 0 63974 600333510 38219841 -2280433 3972935 X 23609766 23609766 1612289 0 1612289 0 265543598 249928490 15615108 12529594 11541928 987666 48028936 44242976 3785960 18950577 17461533 1489044 541239 9199 532040 209968 209968 13000 13000 76481 76481 76853319 76828809 24510 0 323587 323587 1531001 1445874 85127 3641379 2683088 958291 1716947 1365917 351030 7202272 7200316 1956 3495356 3427253 68103 1208 1208 2244985 209856 2035129 INDIRECT COSTS 68040989 68040989 FURNITURE AND EQUIPMENT 11673566 11559360 114206 LABORATORY FEES 3075814 3075814 SUPPLIES 16779464 16731636 47828 25142763 20725805 4416958 0 592838098 560412196 32412902 13000 46493375 49252353 219118053 227773670 101707596 129348766 0 0 0 0 4628694 4543839 79306972 39637202 40471033 39669770 39230958 43959974 0 0 1674910 1534815 59191285 84509940 512515904 580593127 85429537 96552501 4894276 5236539 127375476 145398755 131016165 138674087 0 0 58786344 57251610 563377 613419 408065175 443726911 X 104450729 136866216 104450729 136866216 512515904 580593127 X 7495412 156059 24764016 X false true X true true true X 520210501 509678140 468200197 484450201 560421167 2542960206 0 0 520210501 509678140 468200197 484450201 560421167 2542960206 74562598 2468397608 14061282 14369673 12045162 11542167 13284403 65302687 996581 0 0 0 0 996581 0 101467 29819 100290 63974 295550 2609555024 175100327 0.9459 0.9406 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER TENANT CHARGES, COLUMN A - , COLUMN B - 101467.0, COLUMN C - 29819.0, COLUMN D - 86530.0, COLUMN E - 51605.0, COLUMN F - 269421.0; DESCRIPTION - MISCELLANEOUS INCOME, COLUMN A - , COLUMN B - , COLUMN C - , COLUMN D - 13760.0, COLUMN E - 12369.0, COLUMN F - 26129.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 9037040 9037040 36149160 17147679 19001481 30570445 18939196 11631249 3550327 3550327 0 39669770 DEFERRED RENT RECEIVABLE 17777319 RENT RECEIVABLE 854893 POSTRETIREMENT BENEFITS ASSET 65877728 84509940 SECURITY DEPOSITS PAYABLE 613419 613419 X 612022662 156059 0 156059 611866603 76841 -11609934 -11533093 600333510 598837411 6076154 6076154 592761257 76841 0 76841 592838098 Schedule D, Part IV, Line 2b Explanation of escrow agreement DEPOSITS HELD IN CUSTODY FOR CUNY COLLEGES REFLECT THOSE RESOURCES HELD ON BEHALF OF THE INDIVIDUAL COLLEGES OF THE UNIVERSITY. THESE DEPOSITS ARE CREDITED WITH FACILITIES AND ADMINISTRATIVE COSTS, RELEASED TIME, SUMMER SALARY RECOVERIES, AND CUNY CHARITABLE GIFT TRUST ANNUITY FOR THE RESPECTIVE COLLEGES. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote RF CUNY follows guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This guidance provides that the tax effects from an uncertain tax position can only be recognized in the consolidated financial statements if the position is more likely than not to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Rental Expenses - -11609934 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Rental Expenses - 11609934 Postretirement credit - -5533780 true SCHOLARSHIPS AND FELLOWSHIPS 9398 23609766 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. X false false false false false false false false false GAVITA D HARRIS CHIEF FINANCIAL OFFICER 222049 0 0 0 690 0 22971 0 36497 0 282207 0 0 0 JACEK OLSZEWSKI CHIEF INFORMATION OFFICER 201080 0 0 0 16866 0 22185 0 25897 0 266028 0 0 0 JEFFREY I SLONIM CHIEF COUNSEL & SECRETARY- thru 10/27/22 240180 0 0 0 7651 0 24232 0 2141 0 274204 0 0 0 JERRY F STEELE CHIEF OPERATING OFFICER - thru 06/30/23 242806 0 0 0 6962 0 25212 0 28633 0 303613 0 0 0 HECTOR R CORDERO-GUZMAN PRESIDENT 304027 0 0 0 1183 0 0 0 24255 0 329465 0 0 0 MATTHEW R DROST CHIEF COUNSEL & SECRETARY - AS OF 11/07/2022 160746 0 0 0 277 0 16805 0 16662 0 194490 0 0 0 JOHN MOGULESCU CUNY SR. UNIVERSITY DEAN FOR ACADEMIC AFFAIRS 226881 0 0 0 5169 0 9154 0 993 0 242197 0 0 0 MARC V SHAW CUNY PROJECT DIRECTOR 250673 0 0 0 20325 0 27100 0 0 0 298098 0 0 0 DOLISKI A MOZELESKI ASSOCIATE GRANTS DIRECTOR - CITY COLLEGE 293523 0 0 0 0 0 29924 0 14817 0 338264 0 0 0 SHERRY M CLEARY RF PROJECT DIRECTOR 260781 0 0 0 0 0 26317 0 7879 0 294977 0 0 0 WENDY E PATITUCCI Senior Director of HR 275886 0 0 0 20500 0 13326 0 15 0 309727 0 0 0 JARNEE M BRAMLETTE FORMER CHIEF FINANCIAL OFFICER / INTERIM PRESIDENT (thru 12/31/2021) 142425 0 0 0 0 0 14243 0 0 0 156668 0 0 0 Form 990, Part III, Line 4d Description of other program services (Expenses $ 48,512,487 including grants of $ 159,808)(Revenue $ 7,679,958) 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 Robin Garrell 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 William Keller received non-employee compensation in calendar year 2022 and prior to joining the board. 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 IX, Line 11g Other Fees INDEPENDENT CONTRACTORS - Total Expense: 76853319, Program Service Expense: 76828809, Management and General Expenses: 24510, Fundraising Expenses: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances POSTRETIREMENT CREDIT - 5533780; PERIODIC POSTRETIREMENT BENEFIT CHANGE - 19230236; 230 WEST 41ST STREET LLC 230 WEST 41ST STREET NEW YORK NY 10036 201105113 RENTAL REAL ESTATE DE 14392146 85947561 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