Form 990 for tax year 2023

Totals

Total revenue

$1,253,806,100

Total expenses

$1,256,638,984

Contributions and grants received

$1,253,806,100

Grants paid

$0

Program service revenue

$0

Investment income

$0

Other revenue

$0

Total assets, end of year

$61,151,480

Total liabilities, end of year

$50,627,640

Net assets or fund balances, end of year

$10,523,840

Program services expenses (Part IX)

$1,256,638,984

Management and general expenses

$0

Fundraising expenses

$0

Program service expenses (Part III)

$1,256,638,984

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.

Mission and programs · 2023

• TUITION & FEES:CITY UNIVERSITY CONSTRUCTION FUND ("CUCF") RECEIVES CASH TRANSFERS FROM TUITION AND FEES COLLECTED FROM THE VARIOUS SENIOR AND COMMUNITY COLLEGES IN NEW YORK CITY, AND REMITS THE FUNDS TO THE CITY.

  Expenses $1,136,318,423

• APPROPRIATIONS:THE ORGANIZATION RECEIVES APPROPRIATIONS FROM THE STATE OF NEW YORK AND THE CITY OF NEW YORK, WHICH ARE USED FOR THE REIMBURSEMENT OF OPERATING EXPENSES AND DEBT SERVICE PAYMENTS TO THE DORMITORY AUTHORITY OF NEW YORK (DASNY). DASNY HAS ISSUED BONDS, THE PROCEEDS OF WHICH ARE USED TO SUPPORT CUNY'S CAPITAL PROGRAM.

  Expenses $70,007,953

• PROJECT FUNDS:EFFECTIVE JANUARY 1, 2013, FUNDS FOR ALL CUCF MANAGED PROJECTS ARE REMITTED TO CUCF BY DASNY AND OTHER VARIOUS SOURCES, AND ARE THEN DISBURSED BY CUCF TO CONTRACTORS RESPONSIBLE FOR CONSTRUCTION OF FACILITIES AT BOTH SENIOR COLLEGES AND COMMUNITY COLLEGES.

  Expenses $37,608,607

• THE ORGANIZATION RECEIVED APPROPRIATIONS FROM NEW YORK STATE FOR THE ADMINISTRATION OF CONSTRUCTION RELATED PROJECTS BY THE FUND.

  Expenses $12,704,001

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

Listed in Part VII

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

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.

• CITY UNIVERSITY OF NEW YORK

  EDUCATION · NY

Provenance

Return type

form_990

Tax year

2023

Filed

14 May 2025

IRS schema version

2023v6.0

Source object

202541349349313104

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