Research Foundation For the City University of New York
97% goes to programs Strong reserves Growing revenue
Research Foundation For the City University of New York is a 501(c)(9) organization based in Detroit, Michigan, registered in 2005, with $62,965,087 in FY2024 revenue. CharityIndex grades it B+, and it directs about 97% of spending to programs.
Po Box 75000, Detroit, MI, 48275 EIN 02-0733394 Since 2005
Revenue (FY2024)
$63.0M
▲ 25.1% vs prior year
Membership median: $185K
Expenses (FY2024)
$48.3M
Net assets
$257.4M
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+
A+Program efficiency40% of the rating97% to programs
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 Research Foundation For the City University of New York: 97% to programs earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating64 mo reserves · +23% 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 Research Foundation For the City University of New York: 64 mo reserves · +23% margin earns a B+ on this criterion. See the exact thresholds →
C+Governance25% of the rating3 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 Research Foundation For the City University of New York: 3 of 6 checks met earns a C+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Research Foundation For the City University of New York: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Provide retirement medical and dental benefits to the employees of the research foundation of the city university of new york
Contact & location
- Address
- Po Box 75000, Detroit, MI, 48275
- City
- Detroit
- State
- Michigan
- Category
- Mutual & Membership Benefit
- Subcategory
- Fraternal Societies
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $36.0M (FY2013) to $63.0M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $3.1MNet assets $257.4M
Operating margin
23.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$260.5M
Total liabilities
$3.1M
Net assets
$257.4M
Salaries & benefits
$84K
0% of expenses
Board members
17
17 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $62,965,087▲25.1% | $48,334,673▲8.9% | $257,413,098▲10.7% | $260,538,498▲10.6% | 990 |
| 2023 | $50,351,702▲0.8% | $44,376,541▲19.9% | $232,491,951▲15.9% | $235,617,351▲15.6% | 990 |
| 2022 | $49,950,424▲1.4% | $37,020,890▼0.8% | $200,674,733▼11.7% | $203,825,815▼11.6% | 990 |
| 2021 | $49,259,074▲12.4% | $37,301,601▲12.5% | $227,324,051▲6.2% | $230,627,961▲5.6% | 990 |
| 2020 | $43,821,346▼17.6% | $33,144,124▼14.6% | $213,986,914▲12.7% | $218,355,792▲13.0% | 990 |
| 2019 | $53,159,173▲31.0% | $38,799,196▲21.0% | $189,906,298▲21.4% | $193,165,460▲21.0% | 990 |
| 2017 | $40,590,880▲10.3% | $32,060,150▲12.9% | $156,437,049▲10.2% | $159,696,920▲10.0% | 990 |
| 2016 | $36,803,677▼6.5% | $28,396,301▲19.7% | $141,948,038▲10.9% | $145,202,529▲10.7% | 990 |
| 2015 | $39,344,924▼30.6% | $23,724,993▼2.8% | $127,940,577▲6.5% | $131,195,068▲6.3% | 990 |
| 2014 | $56,684,317▲57.3% | $24,415,159▲6.1% | $120,077,143▲17.9% | $123,412,953▲16.9% | 990 |
| 2013 | $36,029,887 | $23,022,184▲9084% | $101,840,781▲41.2% | $105,557,455▲45.8% | 990 |
| 2012 | — | $250,681▲2.1% | $72,131,235▲17.1% | $72,395,440▲17.4% | 990 |
| 2011 | — | $245,579 | $61,613,267 | $61,682,897 | 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 (FY2024)
Highest-paid: Comerica Bank — $82,848 (0.17% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Comerica Bank | Trustee | — | $82,848 |
| Abel Valenzuela Jr | Board Member | — | — |
| Ayman El-mohandes | Board Member | — | — |
| Chauncy Lennon | Board Member | — | — |
| David Jeruzalmi | Board Member | — | — |
| Felix Matos Rodriguez | Chairperson | — | — |
| Gavita Harris | Chief Financial Officer | — | — |
| Jane Guskin | Board Member | — | — |
| Joshua C Brumberg | Board Member | — | — |
| Kenneth Adams | Board Member | — | — |
| Larry Johnson | Board Member | — | — |
| Lesley Davenport | Board Member | — | — |
| Michelle J Anderson | Board Member | — | — |
| Neil Stahl | Board Member | — | — |
| Ricardo Otheguy | Board Member | — | — |
| Rochelle Rives | Board Member | — | — |
| Ruth Noemi Colon | Board Member | — | — |
| Steven Penrod | Board Member | — | — |
| William Keller | Board Member | — | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Tiaa -cref Trust Company | — | $161,584 |
Grants received · $9.1M total
10 grants to Research Foundation For the City University of New York totaling $9.1M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Institute of International Education Inc | Education exchange | 2023 | $1,810,731 |
| Affinity Health Plan Inc | Community grant program | 2023 | $460,000 |
| Institute of International Education Inc | Education exchange | 2022 | $860,256 |
| Institute of International Education Inc | Education exchange | 2021 | $1,172,596 |
| Institute of International Education Inc | Education exchange | 2020 | $1,157,855 |
| Institute of International Education Inc | — | 2019 | $1,423,969 |
| Institute of International Education Inc | — | 2018 | $511,021 |
| Institute of International Education Inc | — | 2017 | $669,898 |
| Institute of International Education Inc | — | 2016 | $623,167 |
| Institute of International Education Inc | — | 2015 | $379,847 |
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Compare Research Foundation For the City University of New York
Frequently asked questions
- Is Research Foundation For the City University of New York a legitimate nonprofit?
- Yes. Research Foundation For the City University of New York is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 02-0733394, based in Detroit, Michigan.
- What is Research Foundation For the City University of New York's EIN?
- Research Foundation For the City University of New York's Employer Identification Number (EIN) is 02-0733394.
- How much revenue does Research Foundation For the City University of New York report?
- Research Foundation For the City University of New York reported $62,965,087 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Research Foundation For the City University of New York's spending goes to programs?
- Research Foundation For the City University of New York spends about 97% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Research Foundation For the City University of New York have?
- CharityIndex grades Research Foundation For the City University of New York B+, based on program efficiency and fundraising cost.
- How much does Research Foundation For the City University of New York's highest-paid employee make?
- The highest reported compensation on Research Foundation For the City University of New York's latest Form 990 is $82,848, paid to Comerica Bank (Trustee).
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Data for Research Foundation For the City University of New York (EIN 02-0733394) 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.