Nonprofit · EIN 02-0733394
RESEARCH FOUNDATION FOR THE CITY UNIVERSITY OF NEW YORK
Tax-exempt · DETROIT, MI 48275
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $62,965,087 | $48,334,673 | $14,630,414 | $260,538,498 | $3,125,400 | $257,413,098 |
| December 31, 2023 | 990 | $50,351,702 | $44,376,541 | $5,975,161 | $235,617,351 | $3,125,400 | $232,491,951 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $47,449,877
- Investment income
- $15,515,129
- Net gain from sales of assets
- $9,681,970
- Other revenue
- $81
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $46,969,187
- Compensation of officers, directors and key employees
- $84,243
- Salaries, compensation and benefits (total)
- $84,243
- Professional fundraising fees
- $0
- Program services (functional)
- $46,969,187
- Management and general (functional)
- $1,365,486
Balance sheet and other
- Total assets, start of year
- $235,617,351
- Total assets, end of year
- $260,538,498
- Total liabilities, end of year
- $3,125,400
- Net assets, end of year
- $257,413,098
- Publicly traded securities
- $241,365,622
- Gross receipts
- $130,656,924
- Employees
- 0
- Year formed
- 2005
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| COMERICA BANK | TRUSTEE Institutional trustee | – | $82,848 |
| STEVEN PENROD | BOARD MEMBER Trustee or director | – | $0 |
| FELIX MATOS RODRIGUEZ | CHAIRPERSON Trustee or director | – | $0 |
| NEIL STAHL | BOARD MEMBER Trustee or director | – | $0 |
| CHAUNCY LENNON | BOARD MEMBER Trustee or director | – | $0 |
| ABEL VALENZUELA JR | BOARD MEMBER Trustee or director | – | $0 |
| ROCHELLE RIVES | BOARD MEMBER Trustee or director | – | $0 |
| WILLIAM KELLER | BOARD MEMBER Trustee or director | – | $0 |
| LARRY JOHNSON | BOARD MEMBER Trustee or director | – | $0 |
| JANE GUSKIN | BOARD MEMBER Trustee or director | – | $0 |
| JOSHUA C BRUMBERG | BOARD MEMBER Trustee or director | – | $0 |
| LESLEY DAVENPORT | BOARD MEMBER Trustee or director | – | $0 |
| DAVID JERUZALMI | BOARD MEMBER Trustee or director | – | $0 |
| MICHELLE J ANDERSON | BOARD MEMBER Trustee or director | – | $0 |
| KENNETH ADAMS | BOARD MEMBER Trustee or director | – | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RUTH NOEMI COLON | BOARD MEMBER Trustee or director | – | $0 |
| RICARDO OTHEGUY | BOARD MEMBER Trustee or director | – | $0 |
| AYMAN EL-MOHANDES | BOARD MEMBER Trustee or director | – | $0 |
| GAVITA HARRIS | CHIEF FINANCIAL OFFICER Key employee | – | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| COMERICA BANK | TRUSTEE Institutional trustee | – | $62,198 |
| STEVEN PENROD | BOARD MEMBER Trustee or director | – | $0 |
| FELIX MATOS RODRIGUEZ | CHAIRPERSON Trustee or director | – | $0 |
| NEIL STAHL | BOARD MEMBER Trustee or director | – | $0 |
| XIAOLE JIANG | BOARD MEMBER Trustee or director | – | $0 |
| LARRY JOHNSON | BOARD MEMBER Trustee or director | – | $0 |
| LESLEY DAVENPORT | BOARD MEMBER Trustee or director | – | $0 |
| DAVID JERUZALMI | BOARD MEMBER Trustee or director | – | $0 |
| LORETTA BRANCACCIO-TARAS | BOARD MEMBER Trustee or director | – | $0 |
| MICHELLE J ANDERSON | BOARD MEMBER Trustee or director | – | $0 |
| KENNETH ADAMS | BOARD MEMBER Trustee or director | – | $0 |
| RUTH NOEMI COLON | BOARD MEMBER Trustee or director | – | $0 |
| RICARDO OTHEGUY | BOARD MEMBER Trustee or director | – | $0 |
| AYMAN EL-MOHANDES | BOARD MEMBER Trustee or director | – | $0 |
| CHAUNCY LENNON | BOARD MEMBER Trustee or director | – | $0 |
| ABEL VALENZUELA JR | BOARD MEMBER Trustee or director | – | $0 |
| ROCHELLE RIVERS | BOARD MEMBER Trustee or director | – | $0 |
| LESELY DAVENPORT | BOARD MEMBER Trustee or director | – | $0 |
| WILLIAM KELLER | BOARD MEMBER Trustee or director | – | $0 |
| JOSHUA C BRUMBERG | VICE-CHAIRPERSON Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 75000, DETROIT, MI 48275-7874
- In care of
- % EDWARD KALAYDJISN
- Principal officer (990 for 2024)
- RALPH JOHNSTON, 411 WEST LAFAYETTE, DETROIT, MI 48226
- Signed the 990
- MATTHEW GRABOWSKI, VICE PRESIDENT
- Phone
- (313) 222-9053
- Return prepared by
- KPMG LLP
Mission
PROVIDE RETIREMENT MEDICAL AND DENTAL BENEFITS TO THE EMPLOYEES OF THE RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK
Program accomplishments
- PROVIDE RETIREMENT MEDICAL AND DENTAL BENEFITS TO THE EMPLOYEES OF THE RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORKExpenses $47,449,877
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 02-0733394
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y43)
- Assets (IRS master file)
- $260,538,498
- Income (IRS master file)
- $130,656,924
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $62,965,087 | $48,334,673 | $260,538,498 | XML |
| 990 | December 2023 | $50,351,702 | $44,376,541 | $235,617,351 | XML |
| 990 | December 2022 | $49,950,424 | $37,020,890 | $203,825,815 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 02-0733394).
Questions about RESEARCH FOUNDATION FOR THE CITY UNIVERSITY OF NEW YORK
- What is the EIN of RESEARCH FOUNDATION FOR THE CITY UNIVERSITY OF NEW YORK?
- The employer identification number (EIN) of RESEARCH FOUNDATION FOR THE CITY UNIVERSITY OF NEW YORK is 02-0733394.
- Is RESEARCH FOUNDATION FOR THE CITY UNIVERSITY OF NEW YORK tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 2005.
- Are donations to RESEARCH FOUNDATION FOR THE CITY UNIVERSITY OF NEW YORK tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does RESEARCH FOUNDATION FOR THE CITY UNIVERSITY OF NEW YORK file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RESEARCH FOUNDATION FOR THE CITY UNIVERSITY OF NEW YORK due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RESEARCH FOUNDATION FOR THE CITY UNIVERSITY OF NEW YORK last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of RESEARCH FOUNDATION FOR THE CITY UNIVERSITY OF NEW YORK?
- The 990 for the year ended December 31, 2024 names RALPH JOHNSTON.
- Who are the officers and directors of RESEARCH FOUNDATION FOR THE CITY UNIVERSITY OF NEW YORK?
- The 990 for the year ended December 31, 2024 lists 19 people; 1 received compensation from the organization, the highest $82,848 (COMERICA BANK, TRUSTEE).
- How much revenue does RESEARCH FOUNDATION FOR THE CITY UNIVERSITY OF NEW YORK have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $62,965,087, expenses of $48,334,673 and total assets of $260,538,498 at year end.
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