2025-01-16T08:29:07+00:00 2024-06-30 991856619 Grant Thornton Advisors LLC 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172023 990 2023-07-01 141368361 The Research Foundation for The State University of New York RESE 5184347050 PO BOX 9 ALBANY NY 12201 Ryan Farrell Chief Financial Officer 5184347050 2025-01-16 true DANIEL ROMANO P00504182 2125990100 2025-01-15 2023 2024-10-15 13:58:12Z DR MELUR K RAMASUBRAMANIAN PO BOX 9 ALBANY NY 12201 1675828446 false X WWW.RFSUNY.ORG X 1951 NY SEE SCHEDULE O. 15 14 15050 1349 2324393 615417 1157026914 1176927600 191795381 199089889 18199710 29632575 28382955 37886009 1395404960 1443536073 0 0 706373275 769511912 19950 19950 651108349 689148514 1357481624 1458680376 37923336 -15144303 1528226855 1631066568 700087434 733526214 828139421 897540354 X SEE SCHEDULE O false false 769506011 0 437981 RESEARCH- PROGRAM SERVICE ACCOMPLISHMENTS- SEE SCHEDULE O 116027885 0 463907 PUBLIC SERVICE- PROGRAM SERVICE ACCOMPLISHMENTS- SEE SCHEDULE O 100544110 0 888772 TRAINING AND EDUCATION- PROGRAM SERVICE ACCOMPLISHMENTS - SEE SCHEDULE O 259149103 0 222698822 THE RF PROVIDES SERVICES TO CAMPUS-RELATED ORGANIZATIONS ACROSS 31 SUNY LOCATIONS AND TO RF AFFILIATES - SEPARATE, PRIVATE CORPORATIONS THAT SUPPORT CAMPUS GOALS TO CONDUCT COLLABORATIVE RESEARCH PROJECTS, EMPOWER SMALL BUSINESS INCUBATION, AND MANAGE AND DEVELOP REAL ESTATE. THE RF OFFERS HUMAN RESOURCES/PAYROLL AND PURCHASING/PAYABLES ADMINISTRATIVE SERVICES TO THESE ORGANIZATIONS. CAMPUS-RELATED ORGANIZATIONS ARE CREATED TO SUPPORT SUNY'S MISSION; EXAMPLES OF SUCH ORGANIZATIONS ARE CAMPUS FOUNDATIONS AND CLINICAL PRACTICE PLANS AT THE SUNY MEDICAL INSTITUTIONS. APPROXIMATELY 1,800 INDIVIDUALS WERE EMPLOYED BY THE RF FOR THESE PROGRAM SERVICES. THE RF ALSO ADMINISTERS GRANTS AND CONTRACTS SUCH AS SCHOLARSHIPS AND FELLOWSHIPS FOR SUNY STUDENTS THAT ARE FUNDED BY EXTERNAL SPONSORS AND ADMINISTERS PROGRAMS SUCH AS THE SUNY TECHNOLOGY ACCELERATOR FUND (TAF), WHICH ENABLES FACULTY INVENTORS AND SCIENTISTS TO DEMONSTRATE THAT THEIR PROMISING IDEAS HAVE COMMERCIAL POTENTIAL THROUGH FEASIBILITY STUDIES, PROTOTYPING, AND TESTING. THE REMAINING APPROXIMATELY 3,000 INDIVIDUALS EMPLOYED BY THE RF WERE MAINLY CORPORATE STAFF SUPPORTING THE PROGRAMS DESCRIBED IN LINES 4A THROUGH 4D. FOR MORE INFORMATION ABOUT THE RF GO TO WWW.RFSUNY.ORG. 259149103 222698822 1245227109 true true false true false false false false true true true false true true true true true false true true false false true false false false false false true false false false false false false true false true false false false false true true true true false true 4119 0 true 15050 true true true false false false false false false false false false false false X 15 14 true false false false false false false true true false false true true true true true true true true true true X X MR RYAN FARRELL 5184347050 PO BOX 9 ALBANY NY 12201 DR BAHGAT SAMMAKIA DIRECTOR 10.0 0.0 X 0 0 0 DR BENJAMIN HOULTON DIRECTOR (as of 02/2024) 1.5 0.0 X 0 0 0 DR MAURIE D MCINNIS DIRECTOR 1.0 0.0 X 0 0 0 DR SATISH K TRIPATHI DIRECTOR 2.0 0.0 X 0 0 0 DR TIMOTHY J LAWRENCE DIRECTOR 1.0 0.0 X 0 0 0 MR DANIEL C TOMSON DIRECTOR 9.0 0.0 X 0 0 0 MR EDWARD SPIRO DIRECTOR 5.0 0.0 X 0 0 0 MR ERIC L COCHRAN DIRECTOR 3.0 0.0 X 0 0 0 MR ROBERT MEGNA DIRECTOR 7.5 0.0 X 0 0 0 MR ROBERT P BALACHANDRAN DIRECTOR 1.0 0.0 X 0 0 0 MR ROBERT S AZEKE DIRECTOR 1.0 0.0 X 0 0 0 MS DIANE M MINAS DIRECTOR 2.0 0.0 X 0 0 0 MS EILEEN WHELLEY DIRECTOR 5.0 0.0 X 0 0 0 MS HEATHER MULLIGAN DIRECTOR 1.0 0.0 X 0 0 0 MS HILLARY D HANSEN DIRECTOR 2.0 0.0 X 0 0 0 DR JEFFREY CHEEK PRESIDENT & CHIEF EXECUTIVE OFFICER (through 01/24) 37.5 0.0 X 355977 0 37677 DR MELUR RAMASUBRAMANIAN PRESIDENT (as of 11/23) 18.8 0.0 X 25893 0 2983 MR CHRISTOPHER ASHLEY GENERAL COUNSEL AND SECRETARY 37.5 0.0 X 297013 0 60076 MR RYAN P FARRELL CHIEF FINANCIAL OFFICER 37.5 0.0 X 207960 0 36099 MS KATHLEEN CAGGIANO-SIINO INTERIM CHIEF OPERATING OFFICER (AS OF 02/24) 37.5 0.0 X 239110 0 57956 MR JOSHUA TOAS CHIEF COMPLIANCE OFFICER 37.5 0.0 X 236170 0 57986 MR DAVID ANDERSON PRESIDENT NY CREATES 37.5 0.0 X 413310 0 42051 MR DAVID MARCUS CIO, STONY BROOK FOUNDATION 37.5 0.0 X 557659 0 54938 MS DIANE FISCHER AVP FOR ACADEMIC BUDGET AND FINANCIAL PLANNING 37.5 0.0 X 307044 0 32111 MS EILEEN M PEZZI VP FOR DEVELOPMENT, UPSTATE MEDICAL UNIV 37.5 0.0 X 369398 0 81513 MS LORRAINE L MANZELLA ADMN DIR UPSTATE UNIV MED ASSOCIATION 37.5 0.0 X 305055 0 53820 MS EMILY KUNCHALA FORMER CHIEF FINANCIAL OFFICER 37.5 0.0 X 104697 0 26055 3419286 0 543265 667 true true true Air Liquide Electronics UC LP 9811 KATY FREEWAY SUITE 100 HOUSTON NY 77024 Gas and Chemical MGT 3449708 MedBest Medical Management INcorporated 251 Salina Meadows Parkway Suite 100 Syracuse NY 13212 Payroll Services 2580158 VMJR Companies LLC 73 Mohican Street Glens Falls NY 12801 Construction Services 2505719 Bank of New York Mellon Corporation 240 Greenwich Street New York NY 10286 Bank Fees 1461644 Huron Consulting Services LLC 1166 6th Ave 3rd Floor New York NY 10036 IT Consulting Services 1370989 129 731067944 445859656 3002952 1176927600 AGENCY ACTIVITY 561000 199089889 199089889 0 0 0 0 199089889 12107720 28767 12078953 10190790 10190790 0 0 237352686 12464542 221124695 11167678 16227991 1296864 17524855 17524855 SERVICE CENTER REVENUE 541380 9108211 6812585 2295626 AGENCY FEES 561000 7094542 7094542 0 11492466 11492466 0 0 27695219 1443536073 224489482 2324393 39794598 1671439 1671439 168644 168644 558350836 470295571 88055265 32964409 27684445 5279964 142473298 117530822 24942476 33883286 28456144 5427142 1364957 118420 1246537 447942 17000 430942 356777 356777 19950 19950 3256371 3256371 101427755 84468939 16958816 0 3252868 799874 2452994 115658617 100561876 15096741 15555327 3983127 11572200 7588594 7588594 36754327 30214345 6539982 20962927 17086750 3876177 7998257 4744424 3253833 15493248 12291884 3201364 91493438 86359434 5134004 2344272 601807 1742465 SUBCONTRACTS 126530266 126204902 325364 TUITION AND FEES 28047146 27165793 881353 FELLOWSHIPS 25996394 24709373 1287021 EQUIPMENT 44700731 40369622 4331109 39918300 33805319 6112981 0 1458680376 1245227109 213433317 19950 0 61572114 111892388 224378891 257885364 21288059 33522327 0 0 0 0 1513 3642 61163 162684 1008666729 605987285 467610275 402679444 205948734 200611420 385289802 468325463 0 5202577 8790103 156873727 147193733 1528226855 1631066568 146191530 150447268 262521279 328705074 2920000 2670000 0 0 159153559 134703323 1570000 127731066 117000549 700087434 733526214 797197175 865098087 30942246 32442267 828139421 897540354 1528226855 1631066568 X -15144303 50077649 34467587 X false true X true true true X 1341231620 1093382336 1117457739 1157026914 1176927600 5886026209 0 0 1341231620 1093382336 1117457739 1157026914 1176927600 5886026209 451778534 5434247675 12127829 11342525 22194631 15414680 22269743 83349408 25796 663251 416400 252170 616417 1974034 215526830 206753270 201964859 21164068 27695219 673104246 6644453897 1018700359 0.8179 0.7982 X Schedule A, Part II OTHER INCOME SEE ATTACHMENT Schedule A, Part II, Line 10 Other Income DESCRIPTION - AGENCY FEES, COLUMN A - 7146522.0, COLUMN B - 6652471.0, COLUMN C - 6547825.0, COLUMN D - 6969783.0, COLUMN E - 7094542.0, COLUMN F - 34411143.0; DESCRIPTION - OTHER EDUC. SUPPORT SERVICES, COLUMN A - 26343671.0, COLUMN B - 24774767.0, COLUMN C - 18054374.0, COLUMN D - 8693974.0, COLUMN E - 11492466.0, COLUMN F - 89359252.0; DESCRIPTION - EQUITY PARTNERSHIP, COLUMN A - 2574840.0, COLUMN B - 2448062.0, COLUMN C - 2285326.0, COLUMN D - , COLUMN E - , COLUMN F - 7308228.0; DESCRIPTION - AGENCY DIRECT, COLUMN A - XXX-XX-XXXX.0, COLUMN B - XXX-XX-XXXX.0, COLUMN C - XXX-XX-XXXX.0, COLUMN D - , COLUMN E - , COLUMN F - XXX-XX-XXXX.0; DESCRIPTION - SERVICE CENTER REVENUE, COLUMN A - , COLUMN B - , COLUMN C - , COLUMN D - 5500311.0, COLUMN E - 9108211.0, COLUMN F - 14608522.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 356777 false false 356777 false Schedule C, Part II-B DESCRIPTION OF LOBBYING ACTIVITIES THE REPORTED EXPENDITURES ARE INCURRED BY THE RF AS FISCAL AGENT FOR THE STATE UNIVERSITY OF NEW YORK (SUNY) SYSTEM ADMINISTRATION AND MANY OF SUNY'S 64 MEMBER INSTITUTIONS WITH REGARD TO FEDERAL, STATE, AND LOCAL LEGISLATION AND DIRECT FUNDING SUPPORT FOR VARIOUS PROJECTS TO BE SPONSORED BY OR ADMINISTERED BY NUMEROUS SUNY CAMPUSES. BECAUSE THE RF ACTS AS FISCAL AGENT FOR SUNY AND ITS MEMBER INSTITUTIONS, EXPENDITURES INCURRED BY SUNY AND THE RF REGARDING FEDERAL LEGISLATION AND FUNDING ARE REPORTED ON THE APPROPRIATE FEDERAL LOBBY DISCLOSURE ACT (LDA) FORM LD-2. EXPENDITURES FOR STATE AND LOCAL LEGISLATION AND APPROPRIATIONS ARE REPORTED BY SUNY CONSISTENT WITH APPLICABLE NEW YORK STATE AND NEW YORK CITY LAW AND REGULATIONS. 30942246 3221718 1466697 255000 32442267 20413138 10000000 1308883 631617 148158 30942246 23891429 -2220280 1058953 199058 20413138 20196756 0 4782698 899663 188362 23891429 12403732 8000000 614445 674050 147371 20196756 0.0 0.0 1.0 true false 324204048 231209785 92994263 684462681 374777500 309685181 402679444 ABSOLUTE MULTISTRATEGY FUNDS 96212879 F INVEST IN EQUITY PARTNERSHIP 2942987 F CREDIT SECURITIES FUNDS 15346361 F GLOBAL EQUITIES FUNDS 159395000 F HEDGED EQUITIES FUNDS 70434043 F PRIVATE EQUITY FUNDS 99551926 F POOLED ENDOWMENT 24442267 F 468325463 Due From Broker 12976727 Royalty Receivable 360000 Deferred Compensation Plan Assets 9250389 Right To Use Asset - Operating Lease 98984177 Post Retirement Benefit Asset 25031438 Prepaids - Long Term 591002 147193733 Deferred Comp Plan Liability 9250389 INTEREST RATE SWAP 72637 Due to Broker 8343787 Operating Leases 99333736 Post Retirement Benefit Liability 117000549 X 1324688316 50077648 34467588 84545236 1240143080 4303104 199089889 203392993 1443536073 1255287383 0 0 1255287383 4303104 199089889 203392993 1458680376 Schedule D, Part V, Line 4 Intended uses of endowment funds THE ENDOWMENT FUNDS DESCRIBED IN THIS SECTION CONSIST OF THREE AWARDS FROM THE NATIONAL INSTITUTE ON MINORITY HEALTH AND HEALTH DISPARITIES (NIMHD), TWO OF WHICH WERE FULLY COLLECTED BY THE RF. THE THIRD ENDOWMENT GRANT WAS AWARDED IN JUNE 2023 AND SCHEDULED TO BE RECEIVED IN $2.0 MILLION INCREMENTS OVER THE FIRST FIVE YEAR-PERIODS OF THE GRANT. UNDER THESE GRANTS THE ENDOWMENT RETURNS ARE TO BE USED TO FACILITATE MINORITY AND HEALTH DISPARITIES RESEARCH. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote FOOTNOTE 2(o) OF THE JUNE 30, 2024 AUDITED FINANCIAL STATEMENTS CONTAINS THE FOLLOWING LANGUAGE REGARDING FIN 48 (ASC 740): THE RF IS A NOT-FOR-PROFIT CORPORATION AND HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE TO BE AN ORGANIZATION DESCRIBED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3) AND, THEREFORE, IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE RF RECOGNIZES THE EFFECTS OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THERE ARE NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2024 AND 2023. THE RF IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS AND BELIEVES THAT IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO THE YEAR ENDED JUNE 30, 2020. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Swap Change - 35969 Post Retirement Change - 34431619 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Agency Activity - XXX-XX-XXXX Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Agency Activity - XXX-XX-XXXX Central America and the Caribbean 6 Program Services Organized Research 76698 East Asia and the Pacific 54 Program Services Training 3860479 East Asia and the Pacific 1 6 Program Services Organized Research 247581 East Asia and the Pacific 11 Program Services Public Services 251167 Europe (Including Iceland and Greenland) 36 Program Services Organized Research 1742049 Europe (Including Iceland and Greenland) 3 Program Services Public Services 184198 Europe (Including Iceland and Greenland) 3 Program Services Educational Support 138935 Middle East and North Africa 0 Program Services Training 99259 Middle East and North Africa 7 Program Services Organized Research 19486 Middle East and North Africa 2 Program Services Public Services 6194 North America (Canada & Mexico only) 9 Program Services Organized Research 143101 North America (Canada & Mexico only) 0 Program Services Educational Support 4007 Russia and Neighboring States 1 Program Services Public Services 7135 South America 1 Program Services Organized Research 3131 South America 3 Program Services Public Services 64843 South Asia 3 Program Services Public Services 35366 Sub-Saharan Africa 0 Program Services Training 268610 Sub-Saharan Africa 1 17 Program Services Organized Research 444582 Central America and the Caribbean 0 Investments Investments 354310709 Europe (Including Iceland and Greenland) 0 Investments Investments 15217316 North America (Canada & Mexico only) 0 Investments Investments 1372875 1 145 1 17 2 162 6883629 371614092 378497721 true false true true true true Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; RUSSIA AND NEIGHBORING STATES-Accrual; SOUTH AMERICA-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual X X X X X X X true Fabiola Lieberstein-Solera This individual conducts research on prospective donors and provides that information to the campus for follow-up. false 20000 19950 50 20000 19950 50 NY Schedule G, Part I, Line 2b(ii) Describe the custody or control arrangement. FABIOLA LIEBERSTEIN-SOLERA-FUNDS ARE RECEIVED DIRECTLY BY THE ORGANIZATION, THE PROSPECT RESEARCHER DOES NOT HAVE CONTACT WITH THE DONORS.; X X X X false false false false false false false true false MS EMILY KUNCHALA FORMER CHIEF FINANCIAL OFFICER 104697 0 0 0 0 0 10905 0 15150 0 130752 0 0 0 MS KATHLEEN CAGGIANO-SIINO INTERIM CHIEF OPERATING OFFICER (AS OF 02/24) 238750 0 0 0 360 0 24719 0 33237 0 297066 0 0 0 DR JEFFREY CHEEK PRESIDENT & CHIEF EXECUTIVE OFFICER (through 01/24) 355577 0 0 0 400 0 29961 0 7716 0 393654 0 0 0 MR CHRISTOPHER ASHLEY GENERAL COUNSEL AND SECRETARY 297013 0 0 0 0 0 30457 0 29619 0 357089 0 0 0 DR MELUR RAMASUBRAMANIAN PRESIDENT (as of 11/23) 25893 0 0 0 0 0 1429 0 1554 0 28876 0 0 0 MR RYAN P FARRELL CHIEF FINANCIAL OFFICER 207560 0 0 0 400 0 20974 0 15125 0 244059 0 0 0 MR JOSHUA TOAS CHIEF COMPLIANCE OFFICER 236170 0 0 0 0 0 24455 0 33531 0 294156 0 0 0 MR DAVID MARCUS CIO, STONY BROOK FOUNDATION 446275 0 111384 0 0 0 27345 0 27593 0 612597 0 0 0 MR DAVID ANDERSON PRESIDENT NY CREATES 413300 0 0 0 10 0 13716 0 28335 0 455361 0 0 0 MS EILEEN M PEZZI VP FOR DEVELOPMENT, UPSTATE MEDICAL UNIV 329398 0 40000 0 0 0 33000 0 48513 0 450911 0 0 0 MS LORRAINE L MANZELLA ADMN DIR UPSTATE UNIV MED ASSOCIATION 305055 0 0 0 0 0 36794 0 17026 0 358875 0 0 0 MS DIANE FISCHER AVP FOR ACADEMIC BUDGET AND FINANCIAL PLANNING 307044 0 0 0 0 0 30750 0 1361 0 339155 0 0 0 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 - 28876.000000, 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 Jennifer Sammakia FAMILY MEMBER OF BOARD MEMBER 136369 EMPLOYEE COMPENSATION false Maryam Sammakia FAMILY MEMBER OF BOARD MEMBER 32275 EMPLOYEE COMPENSATION false X 1 3002952 Cost 0 false true false Form 990, Part I, Line 1 Mission MISSION OF THE RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK: A. TO ASSIST IN DEVELOPING AND INCREASING THE FACILITIES OF THE STATE UNIVERSITY OF NEW YORK TO PROVIDE MORE EXTENSIVE EDUCATIONAL OPPORTUNITIES FOR AND SERVICE TO ITS STUDENTS, FACULTY, STAFF AND ALUMNI, AND TO THE PEOPLE OF THE STATE OF NEW YORK, BY MAKING AND ENCOURAGING GIFTS, GRANTS, CONTRIBUTIONS AND DONATIONS OF REAL AND PERSONAL PROPERTY TO OR FOR THE BENEFIT OF THE STATE UNIVERSITY OF NEW YORK; B.TO RECEIVE, HOLD AND ADMINISTER GIFTS OR GRANTS, AND TO ACT WITHOUT PROFIT AS TRUSTEE OF EDUCATIONAL OR CHARITABLE TRUSTS, OF BENEFIT TO AND IN KEEPING WITH THE EDUCATIONAL PURPOSES AND OBJECTS OF THE STATE UNIVERSITY OF NEW YORK; AND C. TO FINANCE THE CONDUCT OF STUDIES AND RESEARCH IN ANY AND ALL FIELDS OF THE ARTS AND SCIENCES, OF BENEFIT TO AND IN KEEPING WITH THE EDUCATIONAL PURPOSES AND OBJECTS OF THE STATE UNIVERSITY OF NEW YORK. Form 990, Part III, Line 4a Program Service Accomplishments- Research THE RF PROVIDES SUNY FACULTY AND STAFF WITH ADMINISTRATIVE SUPPORT FOR RESEARCH GRANTS AND AWARDS THAT ARE FUNDED BY SPONSORS (FEDERAL AND STATE GOVERNMENTS, PRIVATE SECTOR COMPANIES AND NONPROFIT FOUNDATIONS). THE ADMINISTRATIVE SUPPORT INCLUDES SERVICES SUCH AS HIRING PERSONNEL NECESSARY TO CONDUCT THE RESEARCH, PURCHASING EQUIPMENT AND SUPPLIES, PREFUNDING EXPENSES PRIOR TO SPONSOR REIMBURSEMENT AND PROVIDING FINANCIAL REPORTS TO THE SPONSORS. THESE RESEARCH GRANTS AND AWARDS ENCOMPASS A WIDE RANGE OF DISCIPLINES INCLUDING IN ARTIFICIAL INTELLIGENCE, CLEAN ENERGY, BIOTECHNOLOGY, LONGEVITY, SUBSTANCE ADDITCITION, NEXTGEN QUANTUM COMPUTING, ENVIRONMENTAL HEALTH, AND RESLIANCY. THE RF SUPPORTED 6,000 RESEARCH GRANTS AND AWARDS THAT WERE CONDUCTED BY 2,500 FACULTY MEMBERS (PRINCIPAL INVESTIGATORS) DURING THE FISCAL YEAR ENDED JUNE 30, 2024. THIS YEAR, RESEARCH AT SUNY LED TO 250 INVENTION DISCLOSURES, 84 ISSUED U.S. PATENTS, 53 LICENSE AND OPTION AGREEMENTS EXECUTED, AND 280 PATENT APPLICATIONS FILED. AS OF JUNE 30, 2024 THERE WERE OVER 150 STARTUPS IN OPERATION. Form 990, Part III, Line 4b Program Service Accomplishments- Public Service SUNY FACULTY AND STAFF CONDUCT VARIOUS PROGRAMS THAT BENEFIT LOCAL COMMUNITIES AND BEYOND SUCH AS PROVIDING WORKFORCE DEVELOPMENT SERVICES, EDUCATIONAL AND THERAPEUTIC SERVICES TO CHILDREN THROUGH EARLY INTERVENTION PROGRAMS AND COORDINATING SMALL BUSINESS DEVELOPMENT CENTER ACTIVITIES. FUNDING FOR THESE GRANTS AND PROGRAMS IS PROVIDED BY SPONSORS TO THE RF ON BEHALF OF SUNY. THE RF SUPPORTS THE FACULTY AND STAFF BY PERFORMING THE FOLLOWING ADMINISTRATIVE TASKS: HIRING PERSONNEL THE FACULTY NEEDED TO HELP CONDUCT THE PROGRAM, PURCHASING NECESSARY EQUIPMENT AND SUPPLIES AND REIMBURSING TRAVEL COSTS THAT ARE PROVIDED FOR BY THE GRANT, SUBMITTING FINANCIAL REPORTS REQUIRED BY THE SPONSORS, AND ENSURING COMPLIANCE WITH FEDERAL AND STATE REGULATIONS AND THE SPONSOR'S TERMS AND CONDITIONS. THE RF SUPPORTED APPROXIMATELY 680 PUBLIC SERVICE GRANTS AND AWARDS THAT WERE CONDUCTED BY 350 PRINCIPAL INVESTIGATORS DURING THE FISCAL YEAR ENDED JUNE 30, 2024. Form 990, Part III, Line 4c Program Service Accomplishments- Training and Education SUNY FACULTY AND STAFF ARE AWARDED GRANTS AND CONTRACTS FOR TRAINING AND EDUCATION PROGRAMS THAT HELP BUILD SKILLS AND DISSEMINATE SUNY EXPERTISE. THE PROGRAMS ARE DESIGNED TO HELP PEOPLE OF ALL AGES IN NEW YORK STATE AND AROUND THE WORLD, SUCH AS TEACHERS AND HEALTH CARE WORKERS. THE RF PROVIDES ADMINISTRATIVE SERVICES THAT ALLOW SUNY FACULTY AND STAFF TO FOCUS ON THESE PROGRAMS. THESE ADMINISTRATIVE SERVICES INCLUDE: HIRING PERSONNEL TO HELP CONDUCT PROGRAMS, PURCHASING NECESSARY EQUIPMENT AND SUPPLIES AND REIMBURSING TRAVEL COSTS THAT ARE PROVIDED FOR BY THE GRANT, SUBMITTING FINANCIAL REPORTS REQUIRED BY THE SPONSOR, AND ENSURING COMPLIANCE WITH FEDERAL AND STATE REGULATIONS AND THE SPONSOR'S TERMS AND CONDITIONS. THE RF SUPPORTED APPROXIMATELY 530 TRAINING AND EDUCATIONAL GRANTS AND AWARDS THAT WERE CONDUCTED BY 400 PRINCIPAL INVESTIGATORS DURING THE FISCAL YEAR ENDED JUNE 30, 2024. UNDER THE PROGRAM SERVICES INCLUDED ON LINES 4A THROUGH 4C, THE RF EMPLOYED APPROXIMATELY 10,800 INDIVIDUALS. Form 990, Part III, Line 4d Description of other program services (Expenses $ 259,149,103 including grants of $ 0)(Revenue $ 222,698,822) THE RF PROVIDES SERVICES TO CAMPUS-RELATED ORGANIZATIONS ACROSS 31 SUNY LOCATIONS AND TO RF AFFILIATES - SEPARATE, PRIVATE CORPORATIONS THAT SUPPORT CAMPUS GOALS TO CONDUCT COLLABORATIVE RESEARCH PROJECTS, EMPOWER SMALL BUSINESS INCUBATION, AND MANAGE AND DEVELOP REAL ESTATE. THE RF OFFERS HUMAN RESOURCES/PAYROLL AND PURCHASING/PAYABLES ADMINISTRATIVE SERVICES TO THESE ORGANIZATIONS. CAMPUS-RELATED ORGANIZATIONS ARE CREATED TO SUPPORT SUNY'S MISSION; EXAMPLES OF SUCH ORGANIZATIONS ARE CAMPUS FOUNDATIONS AND CLINICAL PRACTICE PLANS AT THE SUNY MEDICAL INSTITUTIONS. APPROXIMATELY 1,800 INDIVIDUALS WERE EMPLOYED BY THE RF FOR THESE PROGRAM SERVICES. THE RF ALSO ADMINISTERS GRANTS AND CONTRACTS SUCH AS SCHOLARSHIPS AND FELLOWSHIPS FOR SUNY STUDENTS THAT ARE FUNDED BY EXTERNAL SPONSORS AND ADMINISTERS PROGRAMS SUCH AS THE SUNY TECHNOLOGY ACCELERATOR FUND (TAF), WHICH ENABLES FACULTY INVENTORS AND SCIENTISTS TO DEMONSTRATE THAT THEIR PROMISING IDEAS HAVE COMMERCIAL POTENTIAL THROUGH FEASIBILITY STUDIES, PROTOTYPING, AND TESTING. THE REMAINING APPROXIMATELY 3,000 INDIVIDUALS EMPLOYED BY THE RF WERE MAINLY CORPORATE STAFF SUPPORTING THE PROGRAMS DESCRIBED IN LINES 4A THROUGH 4D. FOR MORE INFORMATION ABOUT THE RF GO TO WWW.RFSUNY.ORG. Form 990, Part VI, Line 2 Business and Family Relationships The following individuals are or were members of the RF Board during the tax year and were also employed by the State University of New York (SUNY): Directors McInnis, Megna, Sammakia, Tripathi. These business relationships are not reportable on schedule L, nor did they give rise to transactions reportable on schedule L. Form 990, Part VI, Line 11b Review of form 990 by governing body THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE FORM 990 PRIOR TO SUBMISSION ACCORDING TO THE AUDIT COMMITTEE CHARTER. THE RF PROVIDED A COMPLETE COPY OF THE FINAL FORM 990 (INCLUDING ALL REQUIRED SCHEDULES) AS ULTIMATELY FILED WITH THE IRS, TO EACH PERSON WHO WAS A VOTING MEMBER OF THE GOVERNING BODY AT THE TIME THE FORM 990 WAS FILED WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy THE RF MONITORS CONFLICTS OF INTEREST FOR DIRECTORS, OFFICERS AND KEY EMPLOYEES BY DOING AN ANNUAL CERTIFICATION OF BUSINESS AND FAMILY RELATIONSHIPS. ANY DIRECTORS WITH A RELATIONSHIP THAT MAY BE PERCEIVED AS CONSTITUTING A CONFLICT OF INTEREST WILL RECUSE HIM/HERSELF FROM THE VOTE ON THAT ISSUE. UNDER THE RF'S CONFLICT OF INTEREST POLICY AND MANAGEMENT OF CONFLICTS OF INTEREST PROCEDURE, IF A POTENTIAL CONFLICT IS IDENTIFIED, IT IS REVIEWED BY AN IMPARTIAL INDIVIDUAL OR GROUP WITH CONSULTATION AS NEEDED WITH THE CHIEF COMPLIANCE OFFICER. IF A CONFLICT IS DETERMINED TO EXIST, A MANAGEMENT PLAN IS PUT IN PLACE TO MITIGATE THE CONFLICT. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE PROCESS FOR DETERMINING THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL, RF OFFICERS, KEY EMPLOYEES AND COMPENSATED DIRECTORS MEETS THE REBUTTABLE PRESUMPTION PROVISION UNDER TREAS. REG. §53.4958-6. THE RF BOARD HAS DESIGNATED THE EXECUTIVE COMMITTEE, MADE UP OF INDEPENDENT MEMBERS, TO ACT AS THE COMPENSATION COMMITTEE FOR THE RF ACCORDING TO THE EXECUTIVE COMMITTEE CHARTER. COMPENSATION FOR THE RF'S TOP MANAGEMENT OFFICIAL WAS SET BY THE RF BOARD OF DIRECTORS IN CONJUNCTION WITH THE STATE UNIVERSITY OF NEW YORK. THIS REVIEW OF REASONABLENESS IS BASED UPON APPROPRIATE BENCHMARKING DATA PROVIDED BY AN INDEPENDENT COMPENSATION CONSULTANT. THAT CONSULTANT WAS RETAINED BY THE EXECUTIVE COMMITTEE DURING THE TAX YEAR TO GATHER COMPARABLE LOCAL MARKET AND NATIONAL DATA TO CREATE BENCHMARKS FOR ALL OFFICER POSITIONS AND THE RF RETAINS CONTEMPORANEOUS DOCUMENTATION OF THE COMPENSATION REVIEW AND APPROVAL PROCESS IN ORDER TO CONFORM WITH THE TREASURY DEPARTMENT'S REBUTTABLE PRESUMPTION RULES UNDER TREAS. REG. §53.4958-6. Form 990, Part VI, Line 15b Process to establish compensation of other employees AS NOTED ABOVE THE PROCESS FOR DETERMINING THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL, RF OFFICERS, KEY EMPLOYEES AND COMPENSATED DIRECTORS MEETS THE REBUTTABLE PRESUMPTION PROVISION UNDER TREAS. REG. §53.4958-6. THE RF BOARD HAS DESIGNATED THE EXECUTIVE COMMITTEE, MADE UP OF INDEPENDENT MEMBERS, TO ACT AS THE COMPENSATION COMMITTEE FOR THE RF ACCORDING TO THE EXECUTIVE COMMITTEE CHARTER. OTHER RF OFFICERS LISTED IN PART VII ARE ALSO RF EMPLOYEES AND THEREFORE SUBJECT TO THE RF'S EXECUTIVE COMPENSATION POLICY. THAT POLICY STATES, "COMPENSATION OF OTHER RF OFFICERS WILL BE SET BY THE RF PRESIDENT AND WILL BE REVIEWED FOR REASONABLENESS BY THE RF BOARD OF DIRECTORS IN ACCORDANCE WITH THE PROCEDURE FOR REVIEWING EXECUTIVE COMPENSATION." THIS REVIEW OF REASONABLENESS IS BASED UPON APPROPRIATE BENCHMARKING DATA PROVIDED BY AN INDEPENDENT COMPENSATION CONSULTANT. THAT CONSULTANT WAS RETAINED BY THE EXECUTIVE COMMITTEE DURING THE TAX YEAR TO GATHER COMPARABLE LOCAL MARKET AND NATIONAL DATA TO CREATE BENCHMARKS FOR ALL OFFICER POSITIONS AND THE RF RETAINS CONTEMPORANEOUS DOCUMENTATION OF THE COMPENSATION REVIEW AND APPROVAL PROCESS IN ORDER TO CONFORM WITH THE TREASURY DEPARTMENT'S REBUTTABLE PRESUMPTION RULES UNDER TREAS. REG. §53.4958-6. Form 990, Part VI, Line 19 Required documents available to the public THE RESEARCH FOUNDATION CHARTER, THE 1977 AGREEMENT WITH THE STATE UNIVERSITY OF NEW YORK, THE CONFLICT OF INTEREST POLICY AND THE FINANCIAL STATEMENTS ARE ALL AVAILABLE ON THE RF'S PUBLIC WEB SITE AT WWW.RFSUNY.ORG. Form 990, Part VII, Section A, Line 1a Compensation of Directors, Officers, et. al. COMPENSATION IS PAID TO DIRECTORS WHO ARE ALSO FACULTY MEMBERS, CAMPUS PRESIDENTS, OR WHO HAVE OTHER ADMINISTRATIVE ROLES UNRELATED TO THEIR ACTIVITIES AS MEMBERS OF THE BOARD OF DIRECTORS; SUCH COMPENSATION IS RELATED TO THEIR ROLE AS PRINCIPAL INVESTIGATORS, RESEARCH SCIENTISTS, OR AS CAMPUS ADMINISTRATORS. THE RF PAID AN UNRELATED TAX-EXEMPT ENTITY $134,868 TOWARD SALARY SUPPLEMENTATION TO BE MADE TO DR. SATISH TRIPATHI, MEMBER OF THE RF BOARD DURING 2023 FOR SERVICES RENDERED TO SUNY IN HIS CAPACITY AS PRESIDENT OF A SUNY CAMPUS. REVIEW AND DOCUMENTATION OF DIRECTOR TRIPATHI'S SALARY APPROVAL PROCESS IS MANAGED BY THE STATE UNIVERSITY OF NEW YORK. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Other - Total Revenue: 11492466, Related or Exempt Function Revenue: 11492466, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances GAIN ON INTEREST RATE SWAP - 35968; POST-RETIREMENT CHANGE IN NET ASSETS - 34431619; Schedule F, Part V THE RF IS NOT A GRANTMAKER, AND WHILE IT DOES NOT MAKE GRANTS TO FOREIGN ORGANIZATIONS OR TO FOREIGN INDIVIDUALS, IT DOES ADMINISTER GRANTS, CONTRACTS AND OTHER SPONSORED PROGRAMS FUNDED BY OTHERS, INCLUDING GRANTS WITH ACTIVITY IN FOREIGN COUNTRIES. THE RF COMPLIES WITH SPONSOR REQUIREMENTS AS WELL AS OMB UNIFORM GUIDANCE IN ITS COSTING, ADMINISTRATION, AND RECORD-KEEPING PRACTICES INCLUDING RECORDS OF ALL DISBURSEMENTS AND REPORTS ON THE USAGE OF THE SPONSORS' FUNDS. RESEARCH FOUNDATION POST-RETIREMENT BENEFITS PLAN PO BOX 9 ALBANY NY 12201 800412424 BENEFITS NY 501(c)(9) RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK true false false false false false false false false false false false true false false false false true true false RF POST-RETIREMENT BENEFITS PLAN Q 14995928 CASH RF POST-RETIREMENT BENEFITS PLAN R 5986384 CASH RESEARCH FOUNDATION POST-RETIREMENT BENEFITS PLAN THE RELATED ORGANIZATION, "RESEARCH FOUNDATION POST-RETIREMENT BENEFITS PLAN," EIN 80-0412424, IS A SECTION 501(C)(9) VOLUNTARY EMPLOYEE BENEFITS ASSOCIATION (VEBA) TRUST THAT HAS BEEN ESTABLISHED TO PROVIDE POST-RETIREMENT BENEFITS TO ELIGIBLE PARTICIPANTS. THE FILING ORGANIZATION IS THE CONTRIBUTING EMPLOYER AND SPONSORING ORGANIZATION FOR THIS VEBA TRUST. THE TRANSACTIONS LISTED IN SCHEDULE R, PART V, INCLUDE GOVERNANCE PROVIDED BY THE FILING ORGANIZATION OVER THE VEBA'S TRUSTEE (LINE 1L), REIMBURSEMENTS MADE BY THE VEBA TRUST FOR BENEFITS PAID BY THE FILING ORGANIZATION (LINE 1Q) AND THE FILING ORGANIZATION'S FUNDING OF THE ASSETS IN THE VEBA TRUST (LINE 1R).