Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,004,661,492

• 1f · All other contributions, gifts and grants

  $540,525,678

• 1g · Noncash contributions included above

  $6,977,745

• 2a · Program service revenue: AGENCY ACTIVITY

  total $208,736,230 · related or exempt $208,736,230

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $16,248,700 · unrelated business -$8,458 · excluded $16,257,158

• 5 · Royalties

  total $4,081,643 · excluded $4,081,643

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $481,004,767 · other assets $67,037,480

• 7b · Less cost or other basis and sales expenses

  securities $455,502,470 · other assets $51,467,393

• 7c · Gain or loss

  securities $25,502,297 · other assets $15,570,087

• 7d · Net gain or loss

  total $41,072,384 · excluded $41,072,384

• 11a · Other revenue: AGENCY FEES

  total $7,570,332 · related or exempt $7,570,332

• 11b · Other revenue: SERVICE CENTER REVENUE

  total $9,962,502 · related or exempt $7,636,339 · unrelated business $2,326,163

• 11c · Other revenue: ALL OTHER REVENUE

  total $25,965,902 · related or exempt $25,965,902

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $43,498,736

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $2,323,805 · management and general $2,323,805

• 6 · Compensation of disqualified persons

  total $143,022 · program services $143,022

• 7 · Other salaries and wages

  total $613,391,837 · program services $509,398,303 · management and general $103,993,534

• 8 · Pension plan contributions

  total $35,818,625 · program services $29,635,159 · management and general $6,183,466

• 9 · Other employee benefits

  total $158,872,869 · program services $127,119,176 · management and general $31,753,693

• 10 · Payroll taxes

  total $36,865,126 · program services $30,501,000 · management and general $6,364,126

• 11b · Fees: legal

  total $1,592,474 · program services $142,132 · management and general $1,450,342

• 11c · Fees: accounting

  total $370,618 · program services $35,200 · management and general $335,418

• 11d · Fees: lobbying

  total $393,357 · management and general $393,357

• 11e · Fees: professional fundraising services

  total $22,165 · fundraising $22,165

• 11f · Fees: investment management

  total $4,355,146 · management and general $4,355,146

• 11g · Fees: other

  total $131,491,390 · program services $99,047,310 · management and general $32,444,080 · fundraising $0

• 12 · Advertising and promotion

  total $3,970,294 · program services $907,423 · management and general $3,062,871

• 13 · Office expenses

  total $124,982,529 · program services $113,940,988 · management and general $11,041,541

• 14 · Information technology

  total $16,874,974 · program services $5,284,520 · management and general $11,590,454

• 15 · Royalties

  total $3,692,167 · program services $3,692,167

• 16 · Occupancy

  total $61,683,454 · program services $40,642,179 · management and general $21,041,275

• 17 · Travel

  total $21,053,510 · program services $16,264,045 · management and general $4,789,465

• 19 · Conferences, conventions and meetings

  total $9,730,120 · program services $5,876,612 · management and general $3,853,508

• 20 · Interest

  total $13,766,426 · program services $10,142,934 · management and general $3,623,492

• 22 · Depreciation, depletion and amortization

  total $90,373,793 · program services $84,093,447 · management and general $6,280,346

• 23 · Insurance

  total $1,905,371 · program services $143,443 · management and general $1,761,928

• 24a · Other expenses: SUBCONTRACTS

  total $157,478,405 · program services $157,318,034 · management and general $160,371

• 24b · Other expenses: EQUIPMENT

  total $56,628,104 · program services $51,376,609 · management and general $5,251,495

• 24c · Other expenses: FELLOWSHIPS

  total $27,895,981 · program services $26,728,148 · management and general $1,167,833

• 24d · Other expenses: TUITION AND FEES

  total $28,480,334 · program services $26,870,506 · management and general $1,609,828

• 24e · All other expenses

  total $44,649,514 · program services $27,332,521 · management and general $17,316,993 · fundraising $0

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $111,892,388 · end of year $118,145,895

• 3 · Pledges and grants receivable

  beginning of year $257,885,364 · end of year $301,360,307

• 4 · Accounts receivable

  beginning of year $33,522,327 · end of year $24,533,424

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $3,642 · end of year $617

• 9 · Prepaid expenses and deferred charges

  beginning of year $162,684 · end of year $162,156

• 10a · Land, buildings and equipment: cost or other basis

  $1,237,908,434

• 10b · Land, buildings and equipment: accumulated depreciation

  $691,873,667

• 10c · Land, buildings and equipment, net

  beginning of year $402,679,444 · end of year $546,034,767

• 11 · Investments: publicly traded securities

  beginning of year $200,611,420 · end of year $163,564,189

• 12 · Investments: other securities

  beginning of year $468,325,463 · end of year $576,806,845

• 13 · Investments: program-related

  beginning of year $0

• 14 · Intangible assets

  beginning of year $8,790,103 · end of year $6,974,578

• 15 · Other assets

  beginning of year $147,193,733 · end of year $200,338,727

• 17 · Accounts payable and accrued expenses

  beginning of year $150,447,268 · end of year $174,118,553

• 19 · Deferred revenue

  beginning of year $328,705,074 · end of year $330,558,020

• 20 · Tax-exempt bond liabilities

  beginning of year $2,670,000 · end of year $2,410,000

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $134,703,323 · end of year $108,429,480

• 24 · Unsecured notes and loans payable

  end of year $8,947,767

• 25 · Other liabilities

  beginning of year $117,000,549 · end of year $112,463,206

• 27 · Net assets without donor restrictions

  beginning of year $865,098,087 · end of year $1,166,601,716

• 28 · Net assets with donor restrictions

  beginning of year $32,442,267 · end of year $34,392,763

The filer's explanations (Part III)

Schedule J, Part I, Line 4a Severance or change-of-control payment

A SEVERENCE PAYMENT WAS MADE DURING THE YEAR TO PATRICIA ARCIERO-CRAIG IN THE AMOUNT OF 339,269

Schedule J, Part I, Line 3 Compensation Of President

THE SALARY OF THE PRESIDENT DR. MELUR RAMASUBRAMANIAN, PAID BY THE STATE UNIVERSITY OF NEW YORK WITH REIMBURSEMENT PROVIDED BY THE RESEARCH FOUNDATION, WAS INCLUDED IN SUNY EXECUTIVE COMPENSATION BENCHMARKING AND GOVERNING BODY REVIEW. THE PROCESS TO ESTABLISH THE RF PRESIDENT'S COMPENSATION IS DESCRIBED FURTHER IN SCHEDULE O.

Schedule J, Part I, Line 7 NON-FIXED PAYMENTS

NON-FIXED PAYMENTS (OTHER REPORTABLE COMPENSATION) INCLUDE PAYMENTS TO MS. EILLEEN PEZZI & MR. DAVID MARCUS FOR PERFORMANCE AWARDS, INDIVIDUAL INCENTIVES UNDER THE RF WELLNESS PROGRAM AND RECOGNITION AWARDS.

Schedule J, Part II COMPENSATION FROM AN UNRELATED ORGANIZATION OR INDIVIDUAL

NAME - DR MELUR RAMASUBRAMANIAN, COMPENSATION FROM UNRELATED ORGANIZATION - 327429.000000, NAME OF UNRELATED ORGANIZATION - THE STATE UNIVERSITY OF NEW YORK, TYPE OF COMPENSATION - SALARY PAID BY THE STATE UNIVERSITY OF NEW YORK . 50% OF HIS SALARY IS REIMBURSED BY THE RESEARCH FOUNDATION FOR HIS ROLE AS PRESIDENT.