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Nonprofiteer
← RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK

Form 990 for tax year 2023

Filed by RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK.

Totals

Total revenue
$673,014,824
Total expenses
$665,311,047
Contributions and grants received
$626,363,695
Grants paid
$89,719,836
Program services expenses (Part IX)
$626,353,695
Management and general expenses
$38,947,352
Fundraising expenses
$10,000
Program service expenses (Part III)
$626,353,695

Program services were 94.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ABEL VALENZUELA JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • AYMAN EL-MOHANDES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • CHAUNCY H LENNON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • DAVID JERUZALMI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • FELIX MATOS RODRIGUEZ

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.3

  • JOSHUA BRUMBERG

    VICE CHAIR- as of 10/02/23

    Total calculated
    $0
    Hours/week
    0.2

  • KENNETH ADAMS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • LARRY JOHNSON

    BOARD MEMBER - as of 08/09/23

    Total calculated
    $0
    Hours/week
    0.2

  • LESLEY DAVENPORT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • MICHELLE J ANDERSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • NEIL STAHL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • RICHARDO OTHEGUY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • ROBIN GARRELL

    VICE CHAIR - thru 09/29/23

    Total calculated
    $0
    Hours/week
    0.3

  • ROCHELLE RIVES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • RUTH NOEMI COLON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • STEVEN PENROD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • THOMAS A ISEKENEGBE

    BOARD MEMBER - thru 08/20/23

    Total calculated
    $0
    Hours/week
    0.2

  • WILLIAM KELLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • XIAOLE JIANG

    BOARD MEMBER - GRAD STUDENT

    Total calculated
    $30,518
    From this org
    $30,518
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.2

  • ANNETTE C PIECORA

    CHIEF HUMAN RESOURCES OFFICER - as of 11/20/2023

    Total calculated
    $237,291
    From this org
    $222,428
    From related orgs
    $0
    Other
    $14,863
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $218,618
    Bonus
    $0
    Other
    $3,810
    Deferred
    $2,575
    Nontaxable benefits
    $12,288
    Filer's total
    $237,291

  • ELIZABETH VEROSTEK

    CHIEF OPERATING OFFICER - 09/2023 THRU 02/2024

    Total calculated
    $65,161
    From this org
    $59,193
    From related orgs
    $0
    Other
    $5,968
    Hours/week
    35

  • GAVITA D HARRIS

    CHIEF FINANCIAL OFFICER

    Total calculated
    $292,326
    From this org
    $229,991
    From related orgs
    $0
    Other
    $62,335
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $229,301
    Bonus
    $0
    Other
    $690
    Deferred
    $23,741
    Nontaxable benefits
    $38,594
    Filer's total
    $292,326

  • HECTOR R CORDERO-GUZMAN

    PRESIDENT

    Total calculated
    $383,970
    From this org
    $320,389
    From related orgs
    $0
    Other
    $63,581
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $318,075
    Bonus
    $0
    Other
    $2,314
    Deferred
    $25,108
    Nontaxable benefits
    $38,473
    Filer's total
    $383,970

  • JACEK OLSZEWSKI

    CHIEF INFORMATION OFFICER

    Total calculated
    $274,768
    From this org
    $224,092
    From related orgs
    $0
    Other
    $50,676
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $206,754
    Bonus
    $0
    Other
    $17,338
    Deferred
    $22,875
    Nontaxable benefits
    $27,801
    Filer's total
    $274,768

  • KYUNG HUR

    INTERIM CHIEF OPERATING OFFICER - 07/2023 THRU 09/2023

    Total calculated
    $230,333
    From this org
    $167,857
    From related orgs
    $0
    Other
    $62,476
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $166,019
    Bonus
    $0
    Other
    $1,838
    Deferred
    $23,882
    Nontaxable benefits
    $38,594
    Filer's total
    $230,333

  • MATTHEW R DROST

    CHIEF COUNSEL & SECRETARY

    Total calculated
    $269,791
    From this org
    $210,739
    From related orgs
    $0
    Other
    $59,052
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $209,754
    Bonus
    $0
    Other
    $985
    Deferred
    $21,869
    Nontaxable benefits
    $37,183
    Filer's total
    $269,791

  • DOLISKI A MOZELESKI

    ASSOCIATE GRANTS DIRECTOR - CITY COLLEGE

    Total calculated
    $330,717
    From this org
    $284,864
    From related orgs
    $0
    Other
    $45,853
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $284,864
    Bonus
    $0
    Other
    $0
    Deferred
    $29,163
    Nontaxable benefits
    $16,690
    Filer's total
    $330,717

  • KAREN GOLDSTEIN

    SENIOR ASSOCIATE COUNSEL

    Total calculated
    $314,313
    From this org
    $258,108
    From related orgs
    $0
    Other
    $56,205
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $235,608
    Bonus
    $0
    Other
    $22,500
    Deferred
    $26,713
    Nontaxable benefits
    $29,492
    Filer's total
    $314,313

  • LISA M DESTEFANO

    DIRECTOR OF RESEARCH POLICY AND INDIRECT COST - thru 9/2023

    Total calculated
    $311,187
    From this org
    $253,761
    From related orgs
    $0
    Other
    $57,426
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $253,567
    Bonus
    $0
    Other
    $194
    Deferred
    $26,193
    Nontaxable benefits
    $31,233
    Filer's total
    $311,187

  • MARC V SHAW

    CUNY PROJECT DIRECTOR

    Total calculated
    $300,745
    From this org
    $273,541
    From related orgs
    $0
    Other
    $27,204
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $251,638
    Bonus
    $0
    Other
    $21,903
    Deferred
    $27,204
    Nontaxable benefits
    $0
    Filer's total
    $300,745

  • SARAH G KULKARNI

    PROJECT DIRECTOR

    Total calculated
    $295,365
    From this org
    $223,346
    From related orgs
    $0
    Other
    $72,019
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $200,846
    Bonus
    $0
    Other
    $22,500
    Deferred
    $24,072
    Nontaxable benefits
    $47,947
    Filer's total
    $295,365

  • JERRY F STEELE

    FORMER CHIEF OPERATING OFFICER

    Total calculated
    $520,364
    From this org
    $357,538
    From related orgs
    $0
    Other
    $162,826
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $128,095
    Bonus
    $0
    Other
    $229,443
    Deferred
    $147,361
    Nontaxable benefits
    $15,465
    Filer's total
    $520,364

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

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.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • GRANTS PLUS INC

    501(c)(3) · GRANT MANAGEMENT · NY · controlled entity

    Directly controlled by RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202541329349304444

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.