City University Construction Fund
100% goes to programs $0 to raise $100 Thin reserves Declining revenue
City University Construction Fund is a 501(c)(3) organization based in New York, New York, registered in 1967, with $1,253,806,100 in FY2023 revenue. CharityIndex grades it B, and it directs about 100% of spending to programs.
555 West 57th Street 16th Fl, New York, NY, 10019 EIN 13-2587538 Since 1967
Revenue (FY2023)
$1.3B
▼ 4.5% vs prior year
Education median: $200K
Expenses (FY2023)
$1.3B
Net assets
$10.5M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating100% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For City University Construction Fund: 100% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
CFinancial health25% of the rating0 mo reserves · -0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For City University Construction Fund: 0 mo reserves · -0% margin earns a C on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For City University Construction Fund: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For City University Construction Fund: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Manage resources for design/constr. of space required to support educ. mandate of cuny.
What they do
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.
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.
The organization received appropriations from new york state for the administration of construction related projects by the fund.
Contact & location
- Address
- 555 West 57th Street 16th Fl, New York, NY, 10019
- City
- New York
- State
- New York
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $1.6B (FY2013) to $1.3B (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $50.6MNet assets $10.5M
Operating margin
-0.2%
Spent more than it raised in the latest fiscal year.
Total assets
$61.2M
Total liabilities
$50.6M
Net assets
$10.5M
Salaries & benefits
$0
0% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $1,253,806,100▼4.5% | $1,256,638,984▼4.3% | $10,523,840▼19.2% | $61,151,480▲17.7% | 990 |
| 2022 | $1,313,013,404▼2.8% | $1,313,013,404▼2.8% | $13,032,180▲1.4% | $51,957,330▲0.9% | 990 |
| 2021 | $1,350,670,597▼11.9% | $1,350,670,597▼11.9% | $12,858,093 | $51,511,675▼7.8% | 990 |
| 2020 | $1,533,108,604▼10.1% | $1,533,108,604▼10.1% | $12,860,207▼0.7% | $55,878,016▼23.0% | 990 |
| 2019 | $1,705,705,291▲0.9% | $1,705,598,904▲0.9% | $12,945,665▲0.8% | $72,606,996▲11.8% | 990 |
| 2018 | $1,691,000,890▼4.3% | $1,690,792,137▼4.3% | $12,839,278▲1.7% | $64,919,358▼6.0% | 990 |
| 2017 | $1,767,786,494▲4.1% | $1,767,682,232▲4.1% | $12,630,525▲0.8% | $69,032,963▼8.4% | 990 |
| 2016 | $1,697,831,927▼3.8% | $1,697,783,507▼3.8% | $12,534,848▲0.2% | $75,325,409▲15.5% | 990 |
| 2015 | $1,764,971,038▲4.4% | $1,764,940,107▲4.4% | $12,509,074▼9.5% | $65,226,186▲4.1% | 990 |
| 2014 | $1,691,211,096▲4.8% | $1,691,213,005▲4.8% | $13,820,551▼52.0% | $62,656,061▲8.1% | 990 |
| 2013 | $1,614,186,948 | $1,614,187,723▲5.5% | $28,815,272▲109% | $57,943,606▲35.2% | 990 |
| 2012 | — | $1,529,920,704▲12.4% | $13,816,047▲45.5% | $42,843,263▲266% | 990 |
| 2011 | — | $1,361,451,073▲2.4% | $9,494,643▼96.6% | $11,693,479▼96.0% | 990 |
| 2010 | — | $1,329,495,794▲4.5% | $281,915,819▲362% | $293,741,915▲272% | 990 |
| 2009 | — | $1,272,049,522 | $61,069,833 | $78,929,606 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Alan Van Capelle | Trustee | 0.1 | — |
| Alireza Vedavez | Deputy Exe. Dir - Thru Aug 2023 | 35 | — |
| Blake Washington | Trustee - Started In Oct 2023 | 0.1 | — |
| Brian D Obergfell | Trustee | 0.1 | — |
| Dave Gosine | Planning, Mgmt & Constru. Dir. | 35 | — |
| Dominique Choute | Ed Financial Mgmt & Admin. | 35 | — |
| Ferdinand Verley | Capital Budget Director | 35 | — |
| Lorraine Grillo | Trustee - Started In May 2024 | 0.1 | — |
| Michael Marks | Ed Real Estate and Planning | 35 | — |
| Mohamed Attalla | Executive Director | 35 | — |
| Rebecca A Seawright | Trustee | 0.1 | — |
| Scott Burrell | General Counsel-thru Sept. 2023 | 35 | — |
| Toby Stavisky | Trustee | 0.1 | — |
| Vincent Green | Dir. of Vendor Integ-thru Aug 2023 | 35 | — |
| William C Thompson | Trustee | 0.1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Board of Managers of Two Court Square Co | Service Management | $4,588,645 |
| Trinity Mid Bronx Ec Mt LLC | Construction Management | $563,073 |
| Hudson Meridian Construction Group LLC | Construction Services | $377,995 |
| Apf 28 W 44 Owner LP | Construction Services | $330,471 |
| Davis Brody Bond LLC | Construction Services | $322,490 |
Grants received · $17.9M total
5 grants to City University Construction Fund totaling $17.9M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Hunter College Foundation Inc | To support construction of cooperman library 2nd floor | 2024 | $7,303,663 |
| Hunter College Foundation Inc | To support construction of cooperman library 2nd floor | 2023 | $536,680 |
| Hunter College Foundation Inc | To support construction of cooperman library 2nd floor | 2022 | $1,172,987 |
| Hunter College Foundation Inc | To support construction of cooperman library 5th floor, and baker link project | 2019 | $3,814,864 |
| Hunter College Foundation Inc | To support construction of cooperman library 5th floor, and baker link project | 2018 | $5,065,146 |
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Compare City University Construction Fund
Frequently asked questions
- Is City University Construction Fund a legitimate nonprofit?
- Yes. City University Construction Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-2587538, based in New York, New York. Donations are tax-deductible.
- What is City University Construction Fund's EIN?
- City University Construction Fund's Employer Identification Number (EIN) is 13-2587538.
- How much revenue does City University Construction Fund report?
- City University Construction Fund reported $1,253,806,100 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of City University Construction Fund's spending goes to programs?
- City University Construction Fund spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does City University Construction Fund have?
- CharityIndex grades City University Construction Fund B, based on program efficiency and fundraising cost.
- How much does City University Construction Fund's highest-paid employee make?
- The highest reported compensation on City University Construction Fund's latest Form 990 is $0, paid to Alan Van Capelle (Trustee).
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Data for City University Construction Fund (EIN 13-2587538) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.