Research Foundation Of The City

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 020733394 ✦ Detroit, MI ✦ Designated as a 501(c)(9)

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Overview

What is Research Foundation Of The City?

The Research Foundation of the City is a nonprofit organization based in Detroit, Michigan, with a mission to provide retirement medical and dental benefits to the employees of the Research Foundation of the City University of New York. This foundation focuses on ensuring the well-being of its staff members by offering essential healthcare benefits during their retirement years.

Is Research Foundation Of The City legitimate?

Research Foundation Of The City is a legitimate nonprofit organization registered as a 501(c)(9) entity. Research Foundation Of The City submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $74,649
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Research Foundation Of The City?

The Research Foundation of the City focuses on providing essential retirement benefits, specifically medical and dental coverage, to the employees under its purview. This non-profit organization is dedicated to ensuring the well-being of its workforce beyond their active employment. By offering these benefits, the foundation aims to provide financial security and peace of mind for its employees in their later years. This commitment to employee welfare is a testament to the organization's values and its role as a supportive employer.

Who is the CEO of Research Foundation Of The City?

Ralph Johnston is the Principal Officer of Research Foundation Of The City.

What is the revenue of Research Foundation Of The City?

Research Foundation Of The City's revenue in 2022 was $49,950,424.

Who are the executives of Research Foundation Of The City and what are their salaries?


Here are 19 key members and their salaries:


Felix Matos Rodiguez (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robin L Garrell (Vice Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle J Anderson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Adams (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas A Isekenegbe (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ruth Noemi Colon (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ricardo Otheguy (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ayman El-Mohandes (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chauncy Lennon (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Abel Valenzuela Jr (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rochelle Rivers (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lesely Davenport (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Keller (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sami Sauma (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Penrod (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Neil Stahl (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lesley Davenport (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Jeruzalmi (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Comerica Bank (Trustee)
  • Compensation: $73,561
  • Related: $0
  • Other: $0
Where can I find the form 990 for Research Foundation Of The City?

Research Foundation Of The City's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Research Foundation Of The City

The Research Foundation of the City, a notable organization, is dedicated to ensuring the wellbeing of its employees once they retire. With a mission that extends beyond the realm of academia, this foundation plays a significant role in providing medical and dental benefits to the staff it serves.

By offering these essential benefits, the Research Foundation of the City instills confidence and peace of mind in its employees, enabling them to focus on their work and plan for their future with assurance. This commitment to the wellbeing of its employees is a testament to the organization's values and its dedication to the people who contribute to its success.

Established to cater to the unique needs of the employees of the Research Foundation of the City University of New York, the foundation's mission is clear: to secure the retirement medical and dental benefits for its valued workforce. This focus on employee welfare not only attracts talent but also fosters a sense of loyalty and commitment from the staff, creating a thriving and productive organizational culture.

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Impact




October, 2024

The Research Foundation of the City significantly enhances the well-being of its employees by providing essential retirement medical and dental benefits. This support ensures that employees of the City University of New York can transition into retirement with peace of mind, knowing their healthcare needs will be met. By focusing on these critical benefits, the foundation fosters a culture of mutual benefit, creating a more secure and sustainable environment for its workforce. This commitment not only impacts individual employees but also contributes to the overall morale and stability within the research community in Detroit, Michigan.




This information is meant to be a general summary of Research Foundation Of The City. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$49,950,424 (2022)
Expenses
$37,020,890 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4,704,296
  • Program Service Revenue: $45,246,128
  • Gross Receipts: $96,113,666

Assets and Liabilities:

  • Total Assets: $203,825,815
  • Total Liabilities: $3,151,082
  • Net Assets: $200,674,733

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RESEARCH FND CITY UNIVERSITY CONTRI

Revenue

$45,246,128

Organization Details

Founding Year

2005

Principal Officer

Ralph Johnston

Main Address

PO BOX 75000, DETROIT, MI, 482757874

NTEE Category

Code: Y43 - Mutual benefit

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