Nonprofit · EIN 13-1988190
RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK
Tax-exempt · NEW YORK, NY 10036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $667,697,898 | $665,088,993 | $2,608,905 | $650,099,139 | $476,455,479 | $173,643,660 |
| June 30, 2024 | 990 | $673,014,824 | $665,311,047 | $7,703,777 | $652,289,162 | $482,012,082 | $170,277,080 |
| June 30, 2023 | 990 | $600,333,510 | $592,838,098 | $7,495,412 | $580,593,127 | $443,726,911 | $136,866,216 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $621,645,380
- of which government grants
- $430,043,902
- Program service revenue
- $42,377,870
- Investment income
- $7,009,302
- Net rental income
- -$3,699,355
- Net gain from sales of assets
- $8,668
- Other revenue
- -$3,334,654
Expenses
- Grants and similar amounts paid
- $78,031,224
- Compensation of officers, directors and key employees
- $1,809,916
- Other salaries and wages
- $299,553,758
- Salaries, compensation and benefits (total)
- $390,679,258
- Professional fundraising fees
- $8,000
- Legal fees
- $1,193,426
- Accounting fees
- $291,015
- Occupancy
- $2,082,124
- Travel
- $7,983,487
- Depreciation
- $6,643
- Program services (functional)
- $621,637,381
- Management and general (functional)
- $43,443,612
- Fundraising (functional)
- $8,000
Balance sheet and other
- Total assets, start of year
- $652,289,162
- Total assets, end of year
- $650,099,139
- Total liabilities, end of year
- $476,455,479
- Net assets, end of year
- $173,643,660
- Land, buildings and equipment
- $39,613,027
- Publicly traded securities
- $63,023,952
- Net assets without donor restrictions
- $173,643,660
- Gross unrelated business income
- -$3,409,505
- Gross receipts
- $700,351,660
- Employees
- 14,396
- Volunteers
- 16
- Year formed
- 1963
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HECTOR R CORDERO-GUZMAN | PRESIDENT Officer | 35 | $319,866 | $67,053 |
| DOLISKI A MOZELESKI | ASSOCIATE GRANTS DIRECTOR - CITY COLLEGE Highest-paid employee | 35 | $325,880 | $50,644 |
| SARAH G KULKARNI | ASSOCIATE DIRECTOR Highest-paid employee | 35 | $255,577 | $79,094 |
| KAREN GOLDSTEIN | EXECUTIVE LEGAL COUNSEL Highest-paid employee | 35 | $271,993 | $59,590 |
| GAVITA D HARRIS | CHIEF FINANCIAL OFFICER Officer | 35 | $241,222 | $66,005 |
| MARC V SHAW | CUNY PROJECT DIRECTOR Highest-paid employee | 35 | $273,551 | $27,205 |
| JACEK OLSZEWSKI | CHIEF INFORMATION OFFICER Officer | 35 | $231,240 | $55,080 |
| MATTHEW R DROST | CHIEF COUNSEL & SECRETARY Officer | 35 | $212,720 | $69,777 |
| DEAN A FULEIHAN | SENIOR FELLOW Highest-paid employee | 35 | $250,422 | $20,034 |
| ANNETTE C PIECORA | CHIEF HUMAN RESOURCES OFFICER Officer | 35 | $233,114 | $31,647 |
| JERRY STEELE | FORMER CHIEF OPERATING OFFICER Former | 35 | $123,813 | $0 |
| ELIZABETH VEROSTEK | FORMER CHIEF OPERATING OFFICIER Former | 35 | $116,031 | $4,819 |
| MINDAUGAS PAUNKSNIS | CHIEF OPERATING OFFICER - AS OF 08/19/24 Officer | 35 | $71,096 | $10,577 |
| XIAOLE JIANG | BOARD MEMBER - GRAD STUDENT Trustee or director | 0.2 | $31,110 | $0 |
| ABEL VALENZUELA JR | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
15 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AYMAN EL-MOHANDES | BOARD MEMBER Trustee or director | 0.2 | $0 |
| CHAUNCY H LENNON | BOARD MEMBER Trustee or director | 0.2 | $0 |
| DAVID JERUZALMI | BOARD MEMBER Trustee or director | 0.2 | $0 |
| FELIX MATOS RODRIGUEZ | CHAIRPERSON Trustee or director | 0.3 | $0 |
| JOSHUA BRUMBERG | VICE CHAIR Trustee or director | 0.2 | $0 |
| KENNETH ADAMS | BOARD MEMBER Trustee or director | 0.2 | $0 |
| LARRY JOHNSON | BOARD MEMBER Trustee or director | 0.2 | $0 |
| LESLEY DAVENPORT | BOARD MEMBER Trustee or director | 0.2 | $0 |
| MICHELLE J ANDERSON | BOARD MEMBER Trustee or director | 0.2 | $0 |
| NEIL STAHL | BOARD MEMBER Trustee or director | 0.2 | $0 |
| RICHARDO OTHEGUY | BOARD MEMBER Trustee or director | 0.2 | $0 |
| ROCHELLE RIVES | BOARD MEMBER Trustee or director | 0.2 | $0 |
| RUTH NOEMI COLON | BOARD MEMBER Trustee or director | 0.2 | $0 |
| STEVEN PENROD | BOARD MEMBER Trustee or director | 0.2 | $0 |
| WILLIAM KELLER | BOARD MEMBER Trustee or director | 0.2 | $0 |
990 for the year ended June 30, 2024: 32 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JERRY F STEELE | FORMER CHIEF OPERATING OFFICER Former | 35 | $357,538 | $162,826 |
| HECTOR R CORDERO-GUZMAN | PRESIDENT Officer | 35 | $320,389 | $63,581 |
| DOLISKI A MOZELESKI | ASSOCIATE GRANTS DIRECTOR - CITY COLLEGE Highest-paid employee | 35 | $284,864 | $45,853 |
| KAREN GOLDSTEIN | SENIOR ASSOCIATE COUNSEL Highest-paid employee | 35 | $258,108 | $56,205 |
| LISA M DESTEFANO | DIRECTOR OF RESEARCH POLICY AND INDIRECT COST - thru 9/2023 Highest-paid employee | 35 | $253,761 | $57,426 |
| MARC V SHAW | CUNY PROJECT DIRECTOR Highest-paid employee | 35 | $273,541 | $27,204 |
| SARAH G KULKARNI | PROJECT DIRECTOR Highest-paid employee | 35 | $223,346 | $72,019 |
| GAVITA D HARRIS | CHIEF FINANCIAL OFFICER Officer | 35 | $229,991 | $62,335 |
| JACEK OLSZEWSKI | CHIEF INFORMATION OFFICER Officer | 35 | $224,092 | $50,676 |
| MATTHEW R DROST | CHIEF COUNSEL & SECRETARY Officer | 35 | $210,739 | $59,052 |
| ANNETTE C PIECORA | CHIEF HUMAN RESOURCES OFFICER - as of 11/20/2023 Officer | 35 | $222,428 | $14,863 |
| KYUNG HUR | INTERIM CHIEF OPERATING OFFICER - 07/2023 THRU 09/2023 Officer | 35 | $167,857 | $62,476 |
| ELIZABETH VEROSTEK | CHIEF OPERATING OFFICER - 09/2023 THRU 02/2024 Officer | 35 | $59,193 | $5,968 |
| XIAOLE JIANG | BOARD MEMBER - GRAD STUDENT Trustee or director | 0.2 | $30,518 | $0 |
| ABEL VALENZUELA JR | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| AYMAN EL-MOHANDES | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| CHAUNCY H LENNON | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| DAVID JERUZALMI | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| FELIX MATOS RODRIGUEZ | CHAIRPERSON Trustee or director | 0.3 | $0 | $0 |
| JOSHUA BRUMBERG | VICE CHAIR- as of 10/02/23 Trustee or director | 0.2 | $0 | $0 |
| KENNETH ADAMS | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| LARRY JOHNSON | BOARD MEMBER - as of 08/09/23 Trustee or director | 0.2 | $0 | $0 |
| LESLEY DAVENPORT | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| MICHELLE J ANDERSON | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| NEIL STAHL | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| RICHARDO OTHEGUY | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| ROBIN GARRELL | VICE CHAIR - thru 09/29/23 Trustee or director | 0.3 | $0 | $0 |
| ROCHELLE RIVES | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| RUTH NOEMI COLON | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| STEVEN PENROD | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| THOMAS A ISEKENEGBE | BOARD MEMBER - thru 08/20/23 Trustee or director | 0.2 | $0 | $0 |
| WILLIAM KELLER | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
990 for the year ended June 30, 2023: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DOLISKI A MOZELESKI | ASSOCIATE GRANTS DIRECTOR - CITY COLLEGE Highest-paid employee | 35 | $293,523 | $44,741 |
| HECTOR R CORDERO-GUZMAN | PRESIDENT Officer | 35 | $305,210 | $24,255 |
| WENDY E PATITUCCI | Senior Director of HR Highest-paid employee | 35 | $296,386 | $13,341 |
| JERRY F STEELE | CHIEF OPERATING OFFICER - thru 06/30/23 Officer | 35 | $249,768 | $53,845 |
| MARC V SHAW | CUNY PROJECT DIRECTOR Highest-paid employee | 35 | $270,998 | $27,100 |
| SHERRY M CLEARY | RF PROJECT DIRECTOR Highest-paid employee | 35 | $260,781 | $34,196 |
| GAVITA D HARRIS | CHIEF FINANCIAL OFFICER Officer | 35 | $222,739 | $59,468 |
| JEFFREY I SLONIM | CHIEF COUNSEL & SECRETARY- thru 10/27/22 Officer | 35 | $247,831 | $26,373 |
| JACEK OLSZEWSKI | CHIEF INFORMATION OFFICER Officer | 35 | $217,946 | $48,082 |
| JOHN MOGULESCU | CUNY SR. UNIVERSITY DEAN FOR ACADEMIC AFFAIRS Highest-paid employee | 35 | $232,050 | $10,147 |
| MATTHEW R DROST | CHIEF COUNSEL & SECRETARY - AS OF 11/07/2022 Officer | 35 | $161,023 | $33,467 |
| JARNEE M BRAMLETTE | FORMER CHIEF FINANCIAL OFFICER / INTERIM PRESIDENT (thru 12/31/2021) Former | 0 | $142,425 | $14,243 |
| WILLIAM KELLER | BOARD MEMBER-AS OF 03/24/23 Trustee or director | 0.2 | $214 | $0 |
| ABEL VALENZUELA JR | BOARD MEMBER-AS OF 07/01/22 Trustee or director | 0.2 | $0 | $0 |
| AYMAN EL-MOHANDES | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| CHAUNCY H LENNON | BOARD MEMBER-AS OF 07/01/22 Trustee or director | 0.2 | $0 | $0 |
| DAVID JERUZALMI | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| Felix Matos Rodriguez | Chairperson Trustee or director | 0.3 | $0 | $0 |
| KENNETH ADAMS | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| LESLEY DAVENPORT | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| MICHELLE J ANDERSON | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| NEIL STAHL | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| RICHARDO OTHEGUY | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| ROBIN L GARRELL | VICE CHAIR Trustee or director | 0.3 | $0 | $0 |
| ROCHELLE RIVES | BOARD MEMBER-AS OF 03/20/23 Trustee or director | 0.2 | $0 | $0 |
| RUTH NOEMI COLON | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| SAMI SAUMA | BOARD MEMBER-GRAD STUDENT Trustee or director | 0.2 | $0 | $0 |
| STEVEN PENROD | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
| THOMAS A ISEKENEGBE | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 230 W 41ST STREET 7TH FLOOR, NEW YORK, NY 10036-7207
- Principal officer (990 for 2024)
- Hector R Cordero-Guzman, 230 West 41st Street, New York, NY 10036
- Signed the 990
- Hector R Cordero-Guzman, President
- Phone
- (212) 417-8580
- Website
- WWW.RFCUNY.ORG
- Return prepared by
- CROWE LLP
Mission
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.
Program accomplishments
- 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.Expenses $233,724,003 · grants $36,624,271 · revenue $13,446,381
- 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.Expenses $174,824,074 · grants $25,887,090 · revenue $9,168,604
- 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.Expenses $159,861,708 · grants $15,003,885 · revenue $8,943,682
- 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.Expenses $53,227,596 · grants $515,978 · revenue $10,833,604
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 13-1988190
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1982
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $650,099,139
- Income (IRS master file)
- $700,351,660
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $667,697,898 | $665,088,993 | $650,099,139 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $673,014,824 | $665,311,047 | $652,289,162 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $600,333,510 | $592,838,098 | $580,593,127 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $518,290,887 | $514,798,703 | $512,515,904 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 13-1988190).
Questions about RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK
- What is the EIN of RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK?
- The employer identification number (EIN) of RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK is 13-1988190.
- Is RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Are donations to RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RESEARCH FOUNDATION OF 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 OF THE CITY UNIVERSITY OF NEW YORK due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RESEARCH FOUNDATION OF 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 June 2025.
- Who is the principal officer of RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK?
- The 990 for the year ended June 30, 2025 names Hector R Cordero-Guzman.
- Who are the officers and directors of RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK?
- The 990 for the year ended June 30, 2025 lists 30 people; 14 received compensation from the organization, the highest $319,866 (HECTOR R CORDERO-GUZMAN, PRESIDENT).
- How much revenue does RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $667,697,898, expenses of $665,088,993 and total assets of $650,099,139 at year end.
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