2023-05-12T15:00:25+00:00 2022-06-30 350921680 CROWE LLP 485 Lexington Avenue Floor 11 New York NY 100172619 990 2021-07-01 131988190 Research Foundation of the City University of New York RESE 2124178580 230 West 41st Street New York NY 10036 Hector R Cordero-Guzman President 2023-05-12 true Hector R Cordero-Guzman 999009999 Nicole Bencik P00756195 2125725500 2021 2023-04-26 12:10:37Z Hector R Cordero-Guzman 230 West 41st Street New York NY 10036 544517959 false X WWW.RFCUNY.ORG X 1963 NY Provide support to CUNY faculty and staff in identifying and obtaining external support (pre-award) from government and private sponsors and is responsible for the administration of all such funded programs (post-award). 14 14 10558 15 -2191176 0 468200197 484450201 31960298 34164717 222278 258623 1261077 -582654 501643850 518290887 19991196 20956057 0 293886669 312349180 0 0 184837369 181493466 498715234 514798703 2928616 3492184 439317076 512515904 359630565 408065175 79686511 104450729 X THE RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK (THE FOUNDATION) IS A PRIVATE, NOT-FOR-PROFIT EDUCATIONAL CORPORATION CHARTERED BY THE STATE OF NEW YORK IN 1963. ALTHOUGH THE FOUNDATION PERFORMS A VARIETY OF SERVICES FOR THE CITY UNIVERSITY OF NEW YORK (THE UNIVERSITY), IT IS A SEPARATE LEGAL ENTITY GOVERNED BY ITS OWN BOARD OF DIRECTORS AND OPERATED BY ITS OWN MANAGEMENT TEAM PURSUANT TO THE FOUNDATION'S BYLAWS, POLICIES AND PROCEDURES. THE FOUNDATION RECEIVES, HOLDS AND ADMINISTERS GIFTS, GRANTS AND CONTRACTS; ACTS AS TRUSTEE OF EDUCATIONAL OR CHARITABLE TRUSTS; FINANCES THE CONDUCT OF STUDIES AND RESEARCH IN ALL FIELDS OF INTELLECTUAL INQUIRY; ASSISTS IN DEVELOPING AND INCREASING FACILITIES; AND PERFORMS OTHER TASKS IN SUPPORT OF THE EDUCATIONAL AND COMMUNITY SERVICE OBJECTIVES OF THE UNIVERSITY. THE FOUNDATION EMPLOYS STAFF; ENTERS INTO CONTRACTUAL RELATIONSHIPS; AND ACQUIRES SUCH FACILITIES, GOODS AND SERVICES AS ARE APPROPRIATE TO ITS PURPOSE. false false 181720933 8690854 12083178 ORGANIZED RESEARCH - INCLUDES ALL EXTERNALLY FUNDED RESEARCH ACTIVITIES, BOTH BASIC AND APPLIED, AND ALL DEVELOPMENT ACTIVITIES. A SYSTEMATIC, INTENSIVE STUDY INTENDED TO INCREASE KNOWLEDGE OR UNDERSTANDING OF THE SUBJECT STUDIED, SPECIFICALLY DIRECTED TOWARD APPLYING A NEW KNOWLEDGE TO MEET A RECOGNIZED NEED, OR A SYSTEMATIC APPLICATION OF KNOWLEDGE TO THE PRODUCTION OF USEFUL MATERIALS, DEVISES, AND SYSTEMS OR METHODS, INCLUDING DESIGN, DEVELOPMENT, AND IMPROVEMENT OF PROTOTYPES AND NEW PROCESSES TO MEET SPECIFIC REQUIREMENTS. IT ALSO INCLUDES ACTIVITIES RELATED TO TRAINING OF INDIVIDUALS IN RESEARCH TECHNIQUES (COMMONLY CALLED RESEARCH TRAINING) WHERE SUCH ACTIVITIES UTILIZE THE SAME FACILITIES AS OTHER RESEARCH DEVELOPMENT ACTIVITIES. 132413338 8209955 8123702 INSTRUCTION/TRAINING - INCLUDES ALL SPONSORED TEACHING AND TRAINING ACTIVITIES, EXCEPT FOR RESEARCH TRAINING, OF AN INSTITUTION WHETHER OFFERED FOR CREDIT TOWARD A DEGREE OR CERTIFICATE, ON A NON-CREDIT BASIS, OR THROUGH REGULAR ACADEMIC DEPARTMENTS OR BY SEPARATE DIVISIONS, SUCH AS SUMMER SESSION. 125993046 3863696 7069199 OTHER SPONSORED ACTIVITY - PROGRAMS AND PROJECTS FUNDED BY FEDERAL AND NON-FEDERAL AGENCIES AND ORGANIZATIONS THAT INVOLVE THE PERFORMANCE OF WORK OR ACTIVITIES THAT ARE NOT CONSIDERED INSTRUCTION AND ORGANIZED RESEARCH. 44322884 191552 6888638 OTHER INSTITUTIONAL ACTIVITY - WHEN ACTIVITIES ARE UNDERTAKEN BY THE INSTITUTION WITHOUT OUTSIDE SUPPORT, THEY MAY BE CLASSIFIED AS OTHER INSTITUTIONAL ACTIVITIES. OIA TYPICALLY INCLUDES AUXILIARY ENTERPRISES IN SUPPORT OF ACTIVITIES WHICH INCLUDE: STUDENT UNIONS, DINING HALLS, ATHLETICS, RESIDENCE HALLS, THEATRES, ETC. 44322884 191552 6888638 484450201 true true false false false false false true false true false false true true true true false false false false false false false false false false false true true false false false false false false false false false false false false true true true false false false true 1118 0 true 10558 true true true false false false false false false false false false false false X 14 14 false false true false false false false true true false false true true true true true true true false false CT FL NY PA X X GAVITA HARRIS 2124178580 230 WEST 41ST ST 7TH FLOOR NEW YORK NY 10036 AYMAN EL-MOHANDES BOARD MEMBER 0.2 0.0 X 0 0 0 DAVID JERUZALMI BOARD MEMBER 0.2 0.0 X 0 0 0 FELIX MATOS RODRIGUEZ CHAIRPERSON 0.3 0.0 X 0 0 0 KENNETH ADAMS BOARD MEMBER 0.2 0.0 X 0 0 0 LAURENCE F MUCCIOLO BOARD MEMBER 0.2 0.0 X 0 0 0 LESLEY DAVENPORT BOARD MEMBER 0.2 0.0 X 0 0 0 MICHELLE J ANDERSON BOARD MEMBER 0.2 0.0 X 0 0 0 NEIL STAHL BOARD MEMBER 0.2 0.0 X 0 0 0 RICARDO OTHEGUY BOARD MEMBER 0.2 0.0 X 0 0 0 ROBIN L GARRELL VICE CHAIR 0.3 0.0 X 0 0 0 RODERICK A HURLEY BOARD MEMBER-GRAD STUDENT 07/01/21-09/23/21 0.2 0.0 X 1953 0 0 RUTH N COLON BOARD MEMBER 0.0 0.0 X 0 0 0 SAMI SAUMA BOARD MEMBER-GRAD STUDENT 09/24/21-06/30/22 0.2 0.0 X 0 0 0 STEVEN PENROD BOARD MEMBER 0.2 0.0 X 0 0 0 THOMAS A ISEKENEGBE BOARD MEMBER 0.2 0.0 X 0 0 0 GAVITA D HARRIS CHIEF FINANCIAL OFFICER - AS OF 01/17/22 35.0 0.0 X 201796 0 57055 HECTOR R CORDERO-GUZMAN INTERIM PRESIDENT AS OF 01/01/22; PRESIDENT AS OF 06/01/22 35.0 0.0 X 0 0 0 JACEK OLSZEWSKI CHIEF INFORMATION OFFICER 35.0 0.0 X 210443 0 45810 JARNEE M BRAMLETTE CHIEF FINANCIAL OFFICER / INTERIM PRESIDENT Retired 12/31/2021 35.0 0.0 X 222469 0 34165 JEFFREY I SLONIM CHIEF COUNSEL & SECRETARY 35.0 0.0 X 220592 0 24511 JERRY F STEELE CHIEF OPERATING OFFICER 35.0 0.0 X 240368 0 52555 DOLISKI A MOZELESKI ASSOCIATE GRANTS DIRECTOR - CITY COLLEGE 35.0 0.0 X 241099 0 40813 JOHN MOGULESCU CUNY, SR. UNIVERSITY DEAN FOR ACADEMIC AFFAIRS 35.0 0.0 X 310213 0 49792 KAREN GOLDSTEIN SENIOR ASSOCIATE COUNSEL 35.0 0.0 X 233324 0 46462 MARC V SHAW CUNY PROJECT DIRECTOR 35.0 0.0 X 272383 0 26912 SHERRY M CLEARY RF PROJECT DIRECTOR 35.0 0.0 X 228794 0 35760 2383434 0 413835 313 false true false CROWELL & MORING LLP 1001 PENNSYLVANIA AVENUE NW WASHINGTON DC 20004 LEGAL SERVICES 937881 BLACKFLY INVESTMENTS LLCDBA MOLECULAR TESTING LABS 14401 SE 1ST STREET VANCOUVER WA 986843503 CONSULTANTS 254719 CAVEO LLC 50 S MAIN STREET NAPERVILLE IL 60540 CONSULTANTS 241850 NATIONAL JEWISH MEDICAL & RSCH CTR 1400 JACKSON STREET DENVER CO 80206 RESEARCH SERVICES 227951 GRANT THORNTON LLP 3333 FINLEY RD STE 700 DOWNERS GROVE IL 605151253 AUDIT SERVICES 185550 20 344800017 139650184 484450201 ADMINISTRATIVE FEES 561000 34164717 34164717 0 0 0 0 34164717 59414 59414 11482753 12165697 -682944 0 -682944 -2191176 1508232 14260585 14061375 199210 0 199209 199209 OTHER TENANT CHARGES 900099 86530 86530 MISCELLANEOUS INCOME 900099 13760 13760 0 0 0 0 100290 518290887 34164717 -2191176 1867145 X 20956057 20956057 1479153 0 1479153 0 0 0 0 0 235654854 220682204 14972650 10889158 9987192 901966 47920128 43950829 3969299 16405887 15049844 1356043 482236 8420 473816 261356 10546 250810 203547 203547 60120829 60093636 27193 0 199214 199214 1560237 1460397 99840 3364340 2356360 1007980 891949 723982 167967 3060516 3059766 750 1509465 1498329 11136 12458 12458 2123407 197567 1925840 INDIRECT COSTS 59355292 59355292 FURNITURE AND EQUIPMENT 6639915 6594700 45215 LABORATORY FEES 1792040 1792040 SUPPLIES 14605994 14570946 35048 25310671 21902880 3407791 0 514798703 484450201 30348502 0 48503403 46493375 153972531 219118053 102301763 101707596 0 0 0 0 5694958 4628694 78607097 38136064 40439281 40471033 48239994 39230958 0 0 1829637 1674910 38335509 59191285 439317076 512515904 84812033 85429537 4103081 4894276 88541289 127375476 121518707 131016165 0 0 60248003 58786344 407452 563377 359630565 408065175 X 79686511 104450729 79686511 104450729 439317076 512515904 X 3492184 -207893 21479927 X false true X true true true X 561898121 520210501 509678140 468200197 484450201 2544437160 0 0 561898121 520210501 509678140 468200197 484450201 2544437160 90992471 2453444689 9633566 14061282 14369673 12045162 11542167 61651850 770721 996581 0 0 0 1767302 156214 0 101467 29819 100290 387790 2608244102 171002191 0.9406 0.9296 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER TENANT CHARGES, COLUMN A - 145726.0, COLUMN B - , COLUMN C - 101467.0, COLUMN D - 29819.0, COLUMN E - 86530.0, COLUMN F - 363542.0; DESCRIPTION - MISCELLANEOUS INCOME, COLUMN A - 10488.0, COLUMN B - , COLUMN C - , COLUMN D - , COLUMN E - 13760.0, COLUMN F - 24248.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 9037040 9037040 36149160 16220777 19928383 29848850 18366167 11482683 3550327 3549120 1207 21720 21720 40471033 DEFERRED RENT RECEIVABLE 17805014 VALUE OF IN-PLACE LEASE ABOVE-MARKET LEASES RENT RECEIVABLE 272559 POSTRETIREMENT BENEFITS ASSET 41113712 59191285 SECURITY DEPOSITS PAYABLE 563377 563377 X 530045145 -207893 0 -207893 530253038 203546 -12165697 -11962151 518290887 512492863 -2102294 -2102294 514595157 203546 0 203546 514798703 Schedule D, Part IV, Line 2b Explanation of escrow agreement DEPOSITS HELD IN CUSTODY FOR CUNY COLLEGES REFLECT THOSE RESOURCES HELD ON BEHALF OF THE INDIVIDUAL COLLEGES OF THE UNIVERSITY. THESE DEPOSITS ARE CREDITED WITH FACILITIES AND ADMINISTRATIVE COSTS, RELEASED TIME, SUMMER SALARY RECOVERIES, AND CUNY CHARITABLE GIFT TRUST ANNUITY FOR THE RESPECTIVE COLLEGES. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote RF CUNY follows guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This guidance provides that the tax effects from an uncertain tax position can only be recognized in the consolidated financial statements if the position is more likely than not to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Rental Expenses - -12165697 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Rental Expenses - 12165697 Postretirement Credit - -14267991 true SCHOLARSHIPS AND FELLOWSHIPS 8924 20956057 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. THE RESEARCH FOUNDATION MONITORS THE USE OF GRANT FUNDS BY ADHERING TO SPECIFIC POLICIES AND PROCEDURES TO ENSURE THAT GRANT FUNDS ARE BEING USED FOR AUTHORIZED PURPOSES AND AS REQUIRED BY THE GRANT AGREEMENT AND APPLICABLE REGULATIONS. SCHOLARSHIPS AND FELLOWSHIPS ARE AWARDED TO THE UNDERGRADUATE AND GRADUATE STUDENTS BASED UPON VARIOUS SETS OF CRITERIA ESTABLISHED BY THE RESTRICTED PROJECTS AND BY TYPE OF AWARDS LISTED IN THE CUNY CATALOGUE. X true true X false false false false false false false false false GAVITA D HARRIS CHIEF FINANCIAL OFFICER - AS OF 01/17/22 201117 0 0 0 679 0 20872 0 36183 0 258851 0 0 0 JARNEE M BRAMLETTE CHIEF FINANCIAL OFFICER / INTERIM PRESIDENT Retired 12/31/2021 221765 0 0 0 704 0 22423 0 11742 0 256634 0 0 0 JERRY F STEELE CHIEF OPERATING OFFICER 233426 0 0 0 6942 0 24259 0 28296 0 292923 0 0 0 JACEK OLSZEWSKI CHIEF INFORMATION OFFICER 194152 0 0 0 16291 0 21316 0 24494 0 256253 0 0 0 JEFFREY I SLONIM CHIEF COUNSEL & SECRETARY 214599 0 0 0 5993 0 21737 0 2774 0 245103 0 0 0 SHERRY M CLEARY RF PROJECT DIRECTOR 228794 0 0 0 0 0 23200 0 12560 0 264554 0 0 0 KAREN GOLDSTEIN SENIOR ASSOCIATE COUNSEL 213824 0 0 0 19500 0 19297 0 27165 0 279786 0 0 0 JOHN MOGULESCU CUNY, SR. UNIVERSITY DEAN FOR ACADEMIC AFFAIRS 252636 0 0 0 57577 0 37952 0 11840 0 360005 0 0 0 MARC V SHAW CUNY PROJECT DIRECTOR 251498 0 0 0 20885 0 26912 0 0 0 299295 0 0 0 DOLISKI A MOZELESKI ASSOCIATE GRANTS DIRECTOR - CITY COLLEGE 241099 0 0 0 0 0 24806 0 16007 0 281912 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use John Mogulescu received a taxable housing allowance in the amount of 38,077. Form 990, Part III, Line 4d Description of other program services (Expenses $ 44,322,884 including grants of $ 191,552)(Revenue $ 6,888,638) OTHER INSTITUTIONAL ACTIVITY - WHEN ACTIVITIES ARE UNDERTAKEN BY THE INSTITUTION WITHOUT OUTSIDE SUPPORT, THEY MAY BE CLASSIFIED AS OTHER INSTITUTIONAL ACTIVITIES. OIA TYPICALLY INCLUDES AUXILIARY ENTERPRISES IN SUPPORT OF ACTIVITIES WHICH INCLUDE: STUDENT UNIONS, DINING HALLS, ATHLETICS, RESIDENCE HALLS, THEATRES, ETC. Form 990, Part VI, Line 15b PROCESS TO DETERMINE COMPENSATION FOR OFFICERS ANNUAL SALARY INCREASES FOR THE CHIEF OFFICERS ARE DETERMINED BY THE PRESIDENT ON THE BASIS OF AN ANNUAL PERFORMANCE APPRAISAL PROCESS. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee is fully empowered to act on behalf of the full Board of Directors between regular meetings of the Board on any and all matters requiring prompt resolution, except amendment of the bylaws and other activities proscribed by law. The Executive Committee reports to the Board at the next Board meeting all activities taken since the last Board meeting. The members of the Committee include the following: Felix V. Matos Rodriguez Robin Garrell Ayman El-Mohandes David Jeruzalmi Neil Stahl All of these members are members of the governing body. Form 990, Part VI, Line 11b Review of form 990 by governing body THE TAX RETURN IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY THE SENIOR MANAGEMENT OF THE ORGANIZATION. THE RETURN IS DISTRIBUTED TO THE FULL BOARD FOR THEIR REVIEW PRIOR TO FILING THE RETURN WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy The organization has adopted a conflict of interest policy applicable to officers and directors that provides, in part, that a person with a conflict of interest shall not be present at or participate in any board or committee deliberation or vote on the matter giving rise to a conflict. The Board has not been active in the past year because of member departures resulting from retirements and expiration of terms, as well as isolation caused by the COVID-19 pandemic. While the full Board has not been active, the Executive Committee has held meetings in the past year in lieu of full board meetings. Efforts are currently underway to fill vacancies and to resume Board activities, which will include full inquiries and compliance with the policy on conflicts of interest. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE PRESIDENT'S SALARY IS DETERMINED BY THE RESEARCH FOUNDATION'S BOARD OF DIRECTORS. THE BOARD USES COMPARABLE DATA OF SIMILAR ORGANIZATIONS TO DETERMINE COMPENSATION and the process was contemporaneously substantiated. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE ALSO POSTED ON THE ORGANIZATION'S WEBSITE. Form 990, Part VII, Section A PART VII, SECTION A THE FOLLOWING EMPLOYEES RECEIVED COMPENSATION FROM CUNY/COLLEGE FUNDS ADMINISTERED AT RFCUNY: - JOHN MOGULESCU FOR HIS DUAL POSITIONS AS A PROJECT DIRECTOR OF CUNY ACADEMIC AFFAIRS GRANTS ADMINISTERED AT RFCUNY AND AS A SENIOR UNIVERSITY DEAN FOR ACADEMIC AFFAIRS AND DEAN OF PROFESSIONAL STUDIES AT THE CITY UNIVERSITY OF NEW YORK. - MARC V. SHAW FOR HIS POSITION AS PROJECT DIRECTOR OF CUNY INSTITUTE OF STATE & LOCAL GOVERNANCE. - DOLISKI MOZELESKI FOR SERVICES PERFORMED AS ASSOCIATE GRANTS DIRECTOR AT CITY COLLEGE. - SHERRY M. CLEARY FOR SERVICES PERFORMED AS RF DEAN AT CUNY CENTRAL OFFICE. - KAREN GOLDSTEIN FOR SERVICES PERFORMED AS SENIOR ASSOCIATE COUNSEL AT CUNY INSTITUTE OF STATE & LOCAL GOVERNANCE. Roderick Hurley received compensation as a graduate research assistant. He did not receive compensation for services rendered as a board member of the Research Foundation of the City University of New York Form 990, Part VII, Section B, Line 1 PART VII, SECTION B AS FISCAL AGENT, RESEARCH FOUNDATION OF THE CITY OF NEW YORK PAID THE FOLLOWING CONSULTANTS ON BEHALF OF THE COLLEGES FOR SCOPE OF WORK DISCLOSED BELOW. CROWELL & MORING LLP HAS SERVED AS OUTSIDE COUNSEL TO THE RESEARCH FOUNDATION TO GUIDE IT THROUGH VARIOUS MATTERS. BLACKFLY INVESTMENT INC DBA MOLECULAR TESTING LABS - FOR CUNY GRADUATE SCHOOL OF PUBLIC HEALTH AND HEALTH POLICY: MOLECULAR TESTING LABS (MTL) PROVIDED CERTAIN LABORATORY SERVICES FOR CLINICAL RESEARCH. IT ALSO PROVIDED TESTING KITS FOR COVID-19 ANTIBODY TESTING AND ALL NECESSARY STAFF SUPPORT AND ADMINISTRATIVE SERVICES. CAVEO COLLABORATED WITH CUNY SPS DESIGNED AND DEVELOPED E-LEARNING MODULES THAT CREATE GREATER AWARENESS AND BUILD KNOWLEDGE FOR GAS SAFETY ISSUE IN BUILDINGS. IT ALSO PROVIDED A COMPREHENSIVE, SIMULATION-BASED PROGRAM AND ADVANCE COACHING PROGRAM. NATIONAL JEWISH MEDICAL AND HEALTH CENTER - FOR QUEENS COLLEGE: NATIONAL JEWISH MEDICAL AND HEALTH CENTER PROVIDED LABORATORY SERVICES. IT PERFORMED BERYLLIUM LYMPHOCYTE TESTS ON THE NUCLEAR PLANT WORKERS PARTICIPATED IN THE WHPP PROGRAM TO ASSESS WORKPLACE EXPOSURE TO BERYLLIUM. GRANT THORNTON, CERTIFIED PUBLIC ACCOUNTING FIRM PROVIDED RESEARCH FOUNDATION'S GENERAL FINANCIAL STATEMENTS AUDITS AS WELL AS A133 SINGLE AUDIT. Form 990, Part IX, Line 11g Other Fees INDEPENDENT CONTRACTORS - Total Expense: 20362995, Program Service Expense: 20335802, Management and General Expenses: 27193, Fundraising Expenses: ; SUBCONTRACTS - Total Expense: 39757834, Program Service Expense: 39757834, Management and General Expenses: 0, Fundraising Expenses: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances POSTRETIREMENT CREDIT - 14267991; PERIODIC POSTRETIREMENT BENEFIT CHANGE - 7211936; 230 WEST 41ST STREET LLC 230 WEST 41ST STREET NEW YORK NY 10036 201105113 RENTAL REAL ESTATE DE 15680865 85912078 RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK GRANTS PLUS INC 230 WEST 41ST STREET NEW YORK NY 10036 201541601 GRANT MANAGEMENT NY 501(c)(3) Type I RESEARCH FOUNDATION OF THE CITY UNIVERSITY OF NEW YORK true false false false false false false false false false false false false false true true false false false false