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Filing year 2023

Research Foundation of the City University of New York

New York, New York·EIN 13-1988190·NTEE B110 · Education·501(c)(3)
Total revenue
$673M
Total assets
$652.3M
Total expenses
$665.3M
Reported officers
32
Mission

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.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 14 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Education organizations in New York.

Former Chief Operating Officer
Former Officer/director/trustee
75th to 90th percentile
$520k
$584k
Base
$128k
Bonus
Other
$229k
Benefits
$15k
President
75th to 90th percentile
$384k
$431k
Base
$318k
Bonus
Other
$2k
Benefits
$38k
Associate Grants Director - City College
Highest Compensated Employee
75th to 90th percentile
$331k
$371k
Base
$285k
Bonus
Other
Benefits
$17k
Senior Associate Counsel
Highest Compensated Employee
75th to 90th percentile
$314k
$353k
Base
$236k
Bonus
Other
$23k
Benefits
$29k
Director of Research Policy and Indirect Cost - Thru 9/2023
Highest Compensated Employee
75th to 90th percentile
$311k
$349k
Base
$254k
Bonus
Other
$194
Benefits
$31k
Cuny Project Director
Highest Compensated Employee
75th to 90th percentile
$301k
$338k
Base
$252k
Bonus
Other
$22k
Benefits
Project Director
Highest Compensated Employee
75th to 90th percentile
$295k
$331k
Base
$201k
Bonus
Other
$23k
Benefits
$48k
Chief Financial Officer
75th to 90th percentile
$292k
$328k
Base
$229k
Bonus
Other
$690
Benefits
$39k
Chief Information Officer
Median to 75th percentile
$275k
$308k
Base
$207k
Bonus
Other
$17k
Benefits
$28k
Chief Counsel & Secretary
Secretary (Operational)
75th to 90th percentile
$270k
$303k
Base
$210k
Bonus
Other
$985
Benefits
$37k
Chief Human Resources Officer - As of 11/20/2023
Officer (Unspecified)
$237k
$266k
Base
$219k
Bonus
Other
$4k
Benefits
$12k
Interim Chief Operating Officer - 07/2023 Thru 09/2023
Median to 75th percentile
$230k
$258k
Base
$166k
Bonus
Other
$2k
Benefits
$39k
Chief Operating Officer - 09/2023 Thru 02/2024
Below 10th percentile
$65k
$73k
Board Member - Grad Student
Board Member
25th percentile to median
$31k
$34k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 18 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at Research Foundation of the City University of New York equaled 0.1% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
0.1%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 54%
from 2022

From $338k in 2022 to $520k in 2023.

$338k
2022
$520k
2023
In today's dollarsEst.
Up 48% in real terms$394k to $584k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Former Officer/director/trustee pay rose 232% from 2022 to 2023, while revenue rose 12%.

$157k in 2022 to $520k in 2023.
  • Chief Executive Officer pay rose 17% from 2022 to 2023.
  • Highest Compensated Employee pay fell 2% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about Research Foundation of the City University of New York

What does the Former Officer/director/trustee of Research Foundation of the City University of New York earn?

In 2023, the Former Officer/director/trustee of Research Foundation of the City University of New York received $520,364 in total compensation. This pay is in the top quarter for Former Officer/director/trustee roles among Education organizations in New York, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Former Officer/director/trustee pay at Research Foundation of the City University of New York compare with similar nonprofits?

Compared with the same role at Education organizations in New York, the 2023 pay of the Former Officer/director/trustee at Research Foundation of the City University of New York falls between the 75th and 90th percentiles. In 2023, the highest total compensation at Research Foundation of the City University of New York equaled 0.1% of the organization's total expenses. The median for education organizations is 7%.

What are Research Foundation of the City University of New York's revenue and expenses?

In 2023, Research Foundation of the City University of New York reported $673M in total revenue and $665.3M in total expenses on its IRS Form 990.

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