Form 990 for tax year 2024
Filed by RESEARCH FOUNDATION FOR THE CITY UNIVERSITY OF NEW YORK.
Totals
- Total revenue
- $62,965,087
- Total expenses
- $48,334,673
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $47,449,877
- Investment income
- $15,515,129
- Other revenue
- $81
- Total assets, end of year
- $260,538,498
- Total liabilities, end of year
- $3,125,400
- Net assets or fund balances, end of year
- $257,413,098
- Program services expenses (Part IX)
- $46,969,187
- Management and general expenses
- $1,365,486
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $47,449,877
Program services were 97.2% 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 FND CITY UNIVERSITY CONTRI
total $47,449,877 · related or exempt $47,449,877
-
3 · Investment income
total $5,833,159 · excluded $5,833,159
-
7a · Gross sales of assets other than inventory
securities $77,373,807
-
7b · Less cost or other basis and sales expenses
securities $67,691,837
-
7c · Gain or loss
securities $9,681,970
-
7d · Net gain or loss
total $9,681,970
-
11d · All other revenue
total $81 · excluded $81
-
11e · Other revenue, total
$81
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $46,969,187 · program services $46,969,187
-
5 · Compensation of officers, directors and key employees
total $84,243 · management and general $84,243
-
11f · Fees: investment management
total $743,752 · management and general $743,752
-
11g · Fees: other
total $480,690 · management and general $480,690
-
24e · All other expenses
total $56,801 · management and general $56,801
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,125,400 · end of year $3,125,400
-
2 · Savings and temporary cash investments
beginning of year $16,413,508 · end of year $3,746,663
-
4 · Accounts receivable
beginning of year $940,345 · end of year $1,136,800
-
11 · Investments: publicly traded securities
beginning of year $205,743,606 · end of year $241,365,622
-
12 · Investments: other securities
beginning of year $9,394,492 · end of year $11,164,013
-
17 · Accounts payable and accrued expenses
beginning of year $3,125,400 · end of year $3,125,400
-
29 · Capital stock, trust principal or current funds
beginning of year $232,491,951 · end of year $257,413,097
-
31 · Retained earnings, endowment or other funds
end of year $1
Listed in Part VII
-
STEVEN PENROD
BOARD MEMBER
- Total calculated
- $0
-
FELIX MATOS RODRIGUEZ
CHAIRPERSON
- Total calculated
- $0
-
NEIL STAHL
BOARD MEMBER
- Total calculated
- $0
-
CHAUNCY LENNON
BOARD MEMBER
- Total calculated
- $0
-
ABEL VALENZUELA JR
BOARD MEMBER
- Total calculated
- $0
-
ROCHELLE RIVES
BOARD MEMBER
- Total calculated
- $0
-
WILLIAM KELLER
BOARD MEMBER
- Total calculated
- $0
-
LARRY JOHNSON
BOARD MEMBER
- Total calculated
- $0
-
JANE GUSKIN
BOARD MEMBER
- Total calculated
- $0
-
JOSHUA C BRUMBERG
BOARD MEMBER
- Total calculated
- $0
-
LESLEY DAVENPORT
BOARD MEMBER
- Total calculated
- $0
-
DAVID JERUZALMI
BOARD MEMBER
- Total calculated
- $0
-
MICHELLE J ANDERSON
BOARD MEMBER
- Total calculated
- $0
-
KENNETH ADAMS
BOARD MEMBER
- Total calculated
- $0
-
RUTH NOEMI COLON
BOARD MEMBER
- Total calculated
- $0
-
RICARDO OTHEGUY
BOARD MEMBER
- Total calculated
- $0
-
AYMAN EL-MOHANDES
BOARD MEMBER
- Total calculated
- $0
-
COMERICA BANK
TRUSTEE
- Total calculated
- $82,848
- From this org
- $82,848
- From related orgs
- $0
- Other
- $0
-
GAVITA HARRIS
CHIEF FINANCIAL OFFICER
- Total calculated
- $0
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 3 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513089349300246
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.