2014-02-06T12:28:28-06:00 2013-06-30 KPMG LLP 515 BROADWAY ALBANY NY 12207 990 2012-07-01 141368361 THE RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK % PAUL KUTEY RESE 5184347050 PO BOX 9 Suite ALBANY NY 12201 MR PAUL KUTEY 5184347050 2014-02-06 true 5184274600 2012 2015-11-30 17:44:51Z DR TIMOTHY KILLEEN PO BOX 9 ALBANY NY 12201 1664302566 false X WWW.RFSUNY.ORG X 1951 NY SEE ATTACHMENT 1 14 11 16330 2964 0 882051256 1015330621 170764760 202260864 16144136 11956923 45699676 45590220 1114659828 1275138628 0 0 0 0 570536841 578142937 0 0 0 531149556 695348400 1101686397 1273491337 12973431 1647291 576903267 593490327 688237009 662339880 -111333742 -68849553 X 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. SIGNIFICANT ACTIVITIES: In addition to the administration of awards and grant false false 606934031 746490 Research See Schedule O 135776977 3314574 Public Service See Schedule O 63838962 21579 Training and Education See Schedule O 291940388 235921304 Other Program Services 291940388 235921304 1098490358 true true false true false false false false false false true true false false true true true true false true true false false false false false false false false true false false false false false false true false true false false false false true true false false false true X 3061 0 true 16330 true false true AF BG BK CJ IV KE LE MX TU UG false false false false true 2 false false true false X 14 11 true false false false false false false true true false false true true true true true true false true true true X X PAUL KUTEY 5184347050 PO BOX 9 ALBANY NY 12201 X Dr Nancy L Zimpher 6.0 X 0 0 0 Mr Robert L Ecklin 2.0 X 0 0 0 Mr John Fitzgibbons 6.0 X 0 0 0 Dr Meng-Ling Hsiao 4.0 X 0 0 0 Dr Myron J Mitchell 8.0 X 8876 0 1065 Mr James McNamara Jr 2.0 X 0 0 0 Mr George M Philip 6.0 X 0 0 0 Dr Bahgat G Sammakia 4.0 X 4385 0 438 Dr Steven J Scheinman 6.0 X 54861 5486 Dr Samuel L Stanley Jr 6.0 X 0 0 0 Mr Oscar K Anderson III 2.0 X 0 0 0 Mr Steven N Fischer 4.0 X 0 0 0 Ms Patricia Caldwell 4.0 X 0 0 0 Dr Anne Kress 2.0 X 0 0 0 Dr Alan Gintzler 2.0 X 0 0 0 Dr D Bruce Johnstone 2.0 X 0 0 0 Dr Donald Siegel 2.0 X 0 0 0 Dr David Smith 6.0 X 249323 0 19946 Mr Jeffrey H Black 2.0 X 0 0 0 Dr Harvey G Stenger Jr 6.0 X 87500 0 7000 Ms Bonny G Boice 37.5 X 305644 0 50184 Mr Frank Gabriel 37.5 X 185708 0 32447 Mr Joshua Toas 37.5 X 162995 0 25217 Ms Kim Rosenfield 37.5 X 235636 0 17121 Dr Timothy Killeen 37.5 X 118537 0 0 Dr Alain E Kaloyeros 37.5 X 534080 0 30000 Mr Garrett Sanders 37.5 X 178014 0 22677 Ms Brenda Lubrano-Birken 37.5 X 331243 0 42817 Ms Ellen Cohen 37.5 X 411395 0 49442 Mr Andrew Toga 37.5 X 223535 0 48482 Mr Michael Sinno 37.5 X 255275 0 26081 Ms Laurie Norwick 37.5 X 240785 0 47647 3587792 0 426050 282 false true true Air Liquide Electronics US LP 768 Purchase Brook Road SOUTHBURY CT 06488 Gas & Chemical Mgmt. 1890911 MW US Incorporated PO Box 910744 DALLAS TX 753910744 Contractor- install 1550274 Hunter Roberts Construction Group 2 World Financial Center 6th fl NEW YORK NY 10281 Construction 18060567 nfrastructure 6 Enterprise Avenue CLIFTON PARK NY 12065 Info. Tech. Support 7490923 ADC Construction Management Inc 998 Park Avenue SAN JOSE CA 95126 Construction 993343 85 X 711978937 303351684 24216900 1015330621 AGENCY ACTIVITY 561000 202260864 202260864 202260864 3749154 3749154 0 7847137 7847137 0 0 0 381410321 15961386 380347026 8816912 1063295 7144474 8207769 8207769 0 0 0 AGENCY FEES 561000 6924187 6924187 SERVICE CENTER REVENUE 541380 13413733 13413733 OTHER EDUC. SUPPORT SERVICES 611710 17405163 17405163 37743083 1275138628 240003947 19804060 X 0 0 0 0 2521066 26070 2494996 0 128836 128836 407235942 347384315 59851627 30125000 23652037 6472963 107240238 82268360 24971878 30891855 26183269 4708586 0 2171578 303575 1868003 419800 190 419610 341717 341717 0 882600 882600 159522876 144893371 14629505 535637 420291 115346 53420713 46990595 6430118 14135639 10498367 3637272 5323054 5323054 10988503 4435404 6553099 19896569 15822880 4073689 0 5950016 3915961 2034055 1247991 1247991 80010539 75507707 4502832 27740620 14918741 12821879 2009867 696931 1312936 SUBCONTRACTS 62620285 62611924 8361 CAMPUS SERVICES 108002568 106955234 1047334 EQUIPMENT 71470486 67238189 4232297 FELLOWSHIP STIPENDS 19791292 18736292 1055000 48866050 39707601 9158449 1273491337 1098490358 175000979 0 X 0 0 82842948 25581182 192359995 199864143 39390090 30942334 0 0 0 0 16298184 12694979 0 0 0 8428346 150525144 78642852 29377905 71882292 68650981 77554396 69134211 82770770 0 0 46849500 75639031 31999453 8132854 576903267 593490327 128255556 126973170 0 0 188559129 195102875 5205000 5030000 0 0 0 0 23861206 17408526 33240545 29760528 309115573 288064781 688237009 662339880 X -111333742 -68849553 0 0 0 0 -111333742 -68849553 576903267 593490327 X 1647291 6092882 34744016 X false true X true true true X 846285731 893712558 946482384 882051256 1015330621 4583862550 0 0 846285731 893712558 946482384 882051256 1015330621 4583862550 102701785 4481160765 21293593 13878019 14801670 13802825 10101545 73877652 0 188812069 201364254 191435157 207570692 241498693 1030680865 5688421067 0.78777 0.80066 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 479286 false false 479286 false Description of lobbying activities Schedule C, Part II-B 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. 6500000 1430000 5070000 110797379 44284175 66513204 33227765 32928677 299088 71882292 ALTERNATIVE INVESTMENTS 79433427 F INVEST IN EQUITY PARTNERSHIP 3337343 F 82770770 0 POST RETIREMENT BENEFIT LIABIL 280604038 457B PLAN LIABILITY 4484246 INTEREST RATE SWAP 776497 ACCRUED SICK LEAVE 2200000 288064781 X 1079503394 6092882 403997 6496879 1073006515 202132113 202132113 1275138628 1037019205 -34211268 -34211268 1071230473 202260864 202260864 1273491337 Schedule D, Part XI, Line 4b Other Revenue Included on form 990 but not included in F/S Agency Program Service Revenue: $202,260,864 Loss on Fixed Assets Disp: -$128,751 Total rev. included in 990, not in Fin Stmts: $202,132,113 Schedule D, Part XII, Line 4b Other Expense Included on form 990 but not included in F/S Agency Program Service Expense: $202,260,864 Schedule D, Part XII, Line 2d Change in net assets other than net periodic benefit costs, other changes Post-Retirement change in net assets: $34,340,019 Loss on Fixed Assets Disp: -$128,751 Total other change in Net Assets: $34,211,268 Schedule D, Part X, Line 2 FIN 48 (ASC 740) Footnote 2(n) of the June 30, 2013 audited financial statements contains the following language regarding FIN 48 (ASC 740): "The RF follows the provisions of ASC 740-10, Accounting for Uncertainty in Income Taxes. Management has evaluated ASC 740-10 and has determined there are no unlikely tax positions to be recorded in the financial statements as of June 30, 2013 and 2012." Schedule D, Part XI, Line 2d Other Revenue Included in F/S BUT NOT INCLUDED IN FORM 990 CHANGE IN VALUATION OF INTEREST RATE SWAP: $403,997 Central America and the Caribbean 4 Program Services Organized Research 410232 Middle East and North Africa 5 Program Services Organized Research 189705 East Asia and the Pacific 2 Program Services Public Services 155845 Europe (Including Iceland and Greenland) Program Services Training 319233 North America 3 Program Services Public Services 416710 South Asia 1 Program Services Organized Research 10778 Sub-Saharan Africa 6 7 Program Services Public Services 87401 East Asia and the Pacific 20 Program Services Organized Research 1273108 East Asia and the Pacific 6 Program Services Training 818214 East Asia and the Pacific Program Services Educational Support 3444950 Europe (Including Iceland and Greenland) 3 Program Services Educational Support 85067 Europe (Including Iceland and Greenland) 31 Program Services Organized Research 1875152 Europe (Including Iceland and Greenland) 1 3 Program Services Public Services 697984 Middle East and North Africa Program Services Public Services 8786 North America 14 Program Services Organized Research 763172 North America Program Services Educational Support 182025 Russia and the Newly Independent States 2 Program Services Organized Research 29089 Russia and the Newly Independent States 1 Program Services Educational Support 48797 South America 23 Program Services Organized Research 303359 South America Program Services Training 590 South Asia 2 10 Program Services Public Services 2100528 Sub-Saharan Africa Program Services Training 10972 Sub-Saharan Africa 1 7 Program Services Organized Research 1130129 Sub-Saharan Africa Program Services Educational Support 1086644 Central America and the Caribbean Investments Investments 79433427 7 101 3 41 10 142 10767451 84114446 94909547 true false true true true true Expenditure records and reporting Schedule F, Part I, Line 2 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 Circulars A-21, A-110 and A-133 in its costing, administration, and record-keeping practices including records of all disbursements and reports on the usage of the sponsors' funds. X true true X X X X true false false false false false false true false Ms Bonny G Boice 280644 0 25000 0 0 0 30000 0 20184 0 355828 0 0 0 Dr Alain E Kaloyeros 534080 0 0 0 0 0 30000 0 0 0 564080 0 0 0 Ms Brenda Lubrano-Birken 331243 0 0 0 0 0 20000 0 22817 0 374060 0 0 0 Mr Frank Gabriel 178708 0 0 7000 0 18900 0 13547 0 218155 0 0 0 Mr Joshua Toas 159995 0 3000 0 0 0 13227 0 11990 0 188212 0 0 0 Ms Ellen Cohen 154269 0 0 0 257126 0 37005 0 12437 0 460837 0 0 0 Ms Kim Rosenfield 217174 0 0 0 18462 0 2843 0 14278 0 252757 0 0 0 Dr David Smith 249323 0 0 0 0 0 19946 0 0 0 269269 0 0 0 Mr Andrew Toga 218535 0 5000 0 0 0 23065 0 25417 0 272017 0 0 0 Mr Garrett Sanders 178014 0 0 0 0 0 14356 0 8321 0 200691 0 0 0 Dr Timothy Killeen 118537 0 0 0 0 0 0 0 0 0 118537 0 0 0 Mr Michael Sinno 245275 0 10000 0 0 0 3549 0 22532 0 281356 0 0 0 Ms Laurie Norwick 232785 0 8000 0 0 0 24558 0 23089 0 288432 0 0 0 Compensation Information Schedule J, Part I, Line 3 Salary of President-The salary of the RF President Dr. Timothy Killeen, paid by the State University of New York with reimbursement provided by the RF, was included in executive compensation benchmarking and governing body review described further in Schedule O. Club Dues Schedule J, Part I, line 1a Club Dues- Dr. Nancy Zimpher, Chair of the RF Board for a portion of the tax year, was provided a membership in the University Club that was used only for business purposes. Non-fixed payments Schedule J, Part I, Line 7 Ms. Norwick, Mr. Toga and Mr. Sinno were paid non-fixed discretionary awards based on performance. Ms. Boice and Mr. Toas were paid discretionary awards as compensation for acting in the interim president and general counsel roles, respectively. These payments are included on Schedule J, Part II, column(B)(ii). Severance Schedule J, Part I, Line 4a A lump sum severance payment of $257,126 representing one year's salary was made to Ms. Ellen Cohen under an agreement negotiated with SUNY Counsel. 0 Paula Kaloyeros Family member - Key Empl 114015 Employee compensation false X 3 98900 Appraisals X Nanotechnology Equipment 12 10918000 Donation Agreements X Microlectronics Research Equipment 3 13200000 Appraisal 3 false true true Use of Third Parties Schedule M, Part I, Line 32a In some cases, the RF will list for sale, boats donated to but no longer needed by the SUNY Maritime College program using a broker to enable the sale to occur in a timely fashion at a reasonable market price. Statements of Program Services Accomplishments Part III, lines 4a through 4d 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 life sciences and medicine; engineering and nanotechnology; physical sciences and energy; social sciences, and computer and information sciences. The RF supported 4,678 research grants and awards that were conducted by 1,907 faculty members (principal investigators). This year, research at SUNY led to 64 patents, 60 licensing and option agreements, 254 invention disclosures, and 237 patent applications filed. 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 need 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 348 SUNY faculty and staff by administering 1,092 grants and programs from July 1, 2012 to June 30, 2013. Part III, Line 4c - Program Service Accomplishments Training and Education - SUNY faculty and staff and 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 grant, submitting financial reports required by the sponsor, and ensuring compliance with federal and state regulations and the sponsor's terms and conditions. During the 2012 tax year, the RF administered 679 grants and contracts for training and educational programs on behalf of 376 SUNY faculty and staff. Under the program services included on lines 4A through 4C, the RF employed approximately 12,000 individuals. Part III, Line 4d - Other Program Services Description Other program services - The RF administers grants and contracts such as scholarships and fellowships for SUNY students that are funded by external sponsors. During the 2012 tax year, the RF administered 1906 fellowships for SUNY students. Also included in other program services are services the RF provides to campus-related organizations across 30 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 2,700 individuals were employed by the RF for these program services. The remaining 1,600 individuals employed by the RF were mainly corporate staff supporting the programs described in lines 4A through 4D. Business Relationships and Transactions with Directors, Officers, etc. Part VI, line 2 Dr. Zimpher was Chair of the Board of Directors for a portion of tax year 2012 and serves as the Chancellor, and is therefore an officer, of the State University of New York (SUNY). Dr. Zimpher maintains business relationships among the following other individuals who are or were members of the RF Board during the tax year and who are also employed by SUNY: Vice Chair Mitchell, Director Gintzler, Director Johnstone, Director Kress, Director Philip, Director Sammakia, Director Scheinman, Director Siegel, Director Smith, Director Stenger and Director Stanley. Dr. Zimpher also maintains a business relationship with Dr. Kaloyeros, who is a key employee of the RF and is an employee of SUNY as well. These business relationships are not reportable on Schedule L nor did they give rise to transactions reportable on Schedule L. Review of Form 990 by Governing Body Part VI, line 11 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. Conflict of Interest Monitoring Part VI, line 12c The RF monitors conflicts of interest for directors, officers and key employees by doing an annual certification of business and family relationships. Any director 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. Compensation of Officers and Key Employees Part VI, line 15 The process for determining the compensation of the organization's top management official, officers, and employees meets the requirements of the rebuttable presumption provision under Treas. Reg. 53.4958-6. The RF Board has designated the Executive Committee to act as the Compensation Committee for the RF according to the Executive Committee Charter. If the President was an RF employee, then under the RF's Executive Compensation Policy "Compensation for the RF President will be set by the RF Board of Directors." Since the current president is not an RF employee but is employed by SUNY his salary is determined by the SUNY Chancellor consistent with relevant New York law and SUNY regulations and policy set by the SUNY Board of Trustees. Other RF officers listed in Part VII are in fact RF employees and therefore subject to the RF's Executive Compensation Policy. That Policy additionally 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. The RF Board of Directors will review the reasonableness of Compensation of Key Employees, Top Five Highly Compensated Employees and Compensated Directors." 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. The RF President does not receive salary from the RF; his salary was paid by The State University of New York and was reimbursed by the RF. Availability of Documents to Public Part VI, line 19 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. Compensation for Directors Part VII, Section A Compensation for directors who are also faculty members is unrelated to their activities as members of the board of directors. Such compensation is related to their role as principal investigators or research scientists, or as campus administrators. The RF paid direct compensation to Dr. Myron Mitchell and Dr. Bahgat Sammakia as principal investigators, and to Dr. Steven Scheinman, Dr. David Smith and Dr. Harvey Stenger as campus administrators. Other Changes to Net Assets Part XI, Line 9 Other changes to net assets consist of a gain on an interest rate swap $0.4 million and a post-retirement benefit related change to net assets of $34.3 million. New York Maritime College Sailing Fdn 6 Pennyfield Avenue Throggs Neck NY 10465 470901548 Inactive NY Research Fdn C Corp 0 0 1.00000 true false false false false false false false false false false false false false false false false false false false