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Nonprofiteer
← CV STARR RESEARCH FOUNDATION AT THE COOPER UNION FOR THE ADVANCEMENT

Form 990 for tax year 2023

Filed by CV STARR RESEARCH FOUNDATION AT THE COOPER UNION FOR THE ADVANCEMENT.

Totals

Total revenue
$17,911
Total expenses
$36,669
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$17,911
Investment income
$0
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$360,826
Net assets or fund balances, end of year
-$360,826
Program services expenses (Part IX)
$36,669
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$36,669

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RESEARCH AGREEMENTS

    total $17,911 · related or exempt $17,911

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $36,669 · program services $36,669

Balance sheet

Part X, book values.

  • 25 · Other liabilities

    beginning of year $342,068 · end of year $360,826

  • 27 · Net assets without donor restrictions

    beginning of year -$406,165 · end of year -$424,923

  • 28 · Net assets with donor restrictions

    beginning of year $64,097 · end of year $64,097

Mission and programs · 2023

Mission

SEE SCHEDULE OTHE C.V. STARR FOUNDATION AT THE COOPER UNION FOR THE ADVANCEMENT OF SCIENCE & ART WILL CONTINUE TO ADMINISTER AND SUPPORT ONGOING RESEARCH WORK, ASSESS THE RESEARCH INTEREST OF THE COOPER COMMUNITY AND PROVIDE OPPORTUNITIES IN NEW AREAS OF RESEARCH FOR FACULTY AND STUDENTS TO WORK WITH INTERESTED FACULTY WITHIN ONE OF THE CURRENT RESEARCH CENTERS OR PARTICIPATE IN THE CREATION OF NEW CENTERS. THE FOUNDATION WILL SEEK TO INTEGRATE THE SOLVING OF REAL WORLD PROBLEMS INTO THE CLASSROOM ENVIRONMENT AND GENERALLY ENHANCE THE OVERALL EDUCATIONAL EXPERIENCE AT COOPER UNION. IT WILL ENCOURAGE PROFESSIONAL DEVELOPMENT FOR INTERESTED FACULTY MEMBERS THROUGH THEIR INVOLVEMENT IN RESEARCH. A SPECIAL EFFORT WILL BE DEVOTED TO ESTABLISHING RESEARCH AMONG THE ACADEMIC DIVISIONS (ARCHITECTURE, ART, ENGINEERING, HUMANITIES, AND SOCIAL SCIENCES).

Activities or mission (Part I)

TO ADMINISTER AND SUPPORT ONGOING RESEARCH WORK AND ASSESS THE RESEARCH INTEREST OF THE COOPER UNION COMMUNITY.

  • SEE SCHEDULE OTHE C.V. STARR FOUNDATION AT THE COOPER UNION FOR THE ADVANCEMENT OF SCIENCE & ART WILL CONTINUE TO ADMINISTER AND SUPPORT ONGOING RESEARCH WORK, ASSESS THE RESEARCH INTEREST OF THE COOPER COMMUNITY AND PROVIDE OPPORTUNITIES IN NEW AREAS OF RESEARCH FOR FACULTY AND STUDENTS TO WORK WITH INTERESTED FACULTY WITHIN ONE OF THE CURRENT RESEARCH CENTERS OR PARTICIPATE IN THE CREATION OF NEW CENTERS. THE FOUNDATION WILL SEEK TO INTEGRATE THE SOLVING OF REAL WORLD PROBLEMS INTO THE CLASSROOM ENVIRONMENT AND GENERALLY ENHANCE THE OVERALL EDUCATIONAL EXPERIENCE AT COOPER UNION. IT WILL ENCOURAGE PROFESSIONAL DEVELOPMENT FOR INTERESTED FACULTY MEMBERS THROUGH THEIR INVOLVEMENT IN RESEARCH. A SPECIAL EFFORT WILL BE DEVOTED TO ESTABLISHING RESEARCH AMONG THE ACADEMIC DIVISIONS (ARCHITECTURE, ART, ENGINEERING, HUMANITIES, AND SOCIAL SCIENCES).

    Expenses $36,669 · Revenue $17,911

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Laura Sparks

    PRESIDENT

    Total calculated
    $832,637
    From this org
    $0
    From related orgs
    $626,817
    Other
    $205,820
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $626,067 related
    Bonus
    $0
    Other
    $0 + $750 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $175,320 related
    Filer's total
    $0 + $832,637 related

  • John Ruth

    VP-FIN/ADMIN, TREASURER

    Total calculated
    $380,581
    From this org
    $0
    From related orgs
    $314,015
    Other
    $66,566
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $310,847 related
    Bonus
    $0
    Other
    $0 + $3,168 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $36,066 related
    Filer's total
    $0 + $380,581 related

  • Charlotte Wessell

    SECRETARY

    Total calculated
    $195,770
    From this org
    $0
    From related orgs
    $140,773
    Other
    $54,997
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $140,575 related
    Bonus
    $0
    Other
    $0 + $198 related
    Deferred
    $0 + $14,470 related
    Nontaxable benefits
    $0 + $40,527 related
    Filer's total
    $0 + $195,770 related

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, and on a Form 990-PF Part VIII's — 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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)

PART I, LINE 3
THE COMPENSATION NOTED IN PART II IS DETERMINED AND PAID BY THE RELATED ENTITY, COOPER UNION FOR THE ADVANCEMENT OF SCIENCE AND ART. PLEASE REFER TO THE 990 FILING OF SAID ENTITY FOR A MORE COMPLETE DESCRIPTION.
PART I, LINE 4B
PRESIDENT LAURA SPARKS PARTICIPATED IN A 457(F) RETIREMENT PLAN AND RECEIVED $2,500 OF NON-QUALIFIED DEFERRED COMPENSATION FROM THAT PLAN DURING CALENDAR YEAR 2023.

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

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202501339349308770

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