Overview
What is Research Foundation Of The City University Of New York?
The Research Foundation of the City University of New York is a private, not-for-profit educational corporation, established in New York in 1963. Governed by its own board of directors and management team, the Foundation supports CUNY faculty and staff in securing external funding from both public and private sponsors for research activities. With a team of over ten thousand employees, the Foundation manages and administers all funded programs, acting as a trustee for educational or charitable trusts. The Foundation's purpose includes financing studies and research across various fields of intellectual inquiry, assisting in the development and expansion of facilities, and performing other tasks that contribute to the educational and community objectives of the City University of New York.
Official website here: www.rfcuny.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
The Research Foundation of The City University of New York holds an 85% rating from Charity Navigator, which reflects strong performance primarily in accountability and finance. The organization demonstrates a commitment to transparency and governance, as indicated by their independent board and robust financial oversight processes. Their high program expense ratio of 94.19% suggests that a significant portion of their funds is directed toward their mission-related activities.
Key strengths of the foundation include complete independence of its board members and comprehensive policies that address conflicts of interest and whistleblower protections. The foundation also effectively manages and maintains its financial records, which is evident from its well-structured audit and oversight committee. The presence of listed documents, including board meeting minutes and tax forms, adds to their credibility and showcases their dedication to accountability.
However, while the overall rating is respectable, it is based entirely on financial metrics, which means that additional evaluations of program effectiveness or impact might be necessary for a more rounded view of the organization's performance. Nonetheless, the Research Foundation appears to be a reliable nonprofit with a solid financial foundation and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Research Foundation Of The City University Of New York legitimate?
Research Foundation Of The City University Of New York is a legitimate nonprofit organization registered as a 501(c)(3) entity. Research Foundation Of The City University Of New York 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: $1,479,153
Professional Fundraising Fees: $0
Other Salaries and Wages: $235,654,854
For more financial information, click here
Official website here: www.rfcuny.org
What is the mission statement of Research Foundation Of The City University Of New York?
The Research Foundation of the City University of New York is a separate legal entity, established in 1963 and governed by its own board of directors and management team. It acts as a bridge for CUNY faculty and staff in securing external funding from both public and private sponsors. The foundation manages and administers all funded programs, and is responsible for receiving, holding, and administering gifts, grants, and contracts. Additionally, it finances studies and research across various fields, assists in facility development, and carries out other tasks to support the educational and community service objectives of the University. The foundation employs staff, enters into contractual relationships, and acquires necessary facilities, goods, and services.
Official website here: www.rfcuny.org
Who is the CEO of Research Foundation Of The City University Of New York?
Unavailable
Official website here: www.rfcuny.org
What is the revenue of Research Foundation Of The City University Of New York?
Research Foundation Of The City University Of New York's revenue in 2022 was $518,290,887.
Official website here: www.rfcuny.org
Who are the executives of Research Foundation Of The City University Of New York and what are their salaries?
The average compensation at Research Foundation Of The City University Of New York during 2022 was $22,460. There are 10558 employees and 15 volunteers at Research Foundation Of The City University Of New York.
Here are 26 key members and their salaries:
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- Other: $26,912
- Compensation: $228,794
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- Other: $35,760
Official website here: www.rfcuny.org
Where can I find the form 990 for Research Foundation Of The City University Of New York?
Research Foundation Of The City University Of New York's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rfcuny.org
Learn more at the official website: www.rfcuny.org
Mission Statement of Research Foundation Of The City University Of New York
The Research Foundation of the City University of New York (RF-CUNY) is a not-for-profit educational corporation, established in 1963 by the New York State government. This separate legal entity, governed by its own board of directors and management team, plays a vital role in supporting the City University of New York (CUNY) by identifying and securing external funding for faculty and staff. Once grants and contracts are obtained, RF-CUNY administrates these programs.
RF-CUNY's mission is multifaceted. It receives, holds, and manages gifts, grants, and contracts. Acting as a trustee of educational or charitable trusts, it finances studies and research across various intellectual fields. The organization also contributes to the development and expansion of CUNY's facilities. RF-CUNY staff and management execute these tasks, enter into contracts, and acquire necessary facilities, goods, and services in pursuit of the University's educational and community objectives.
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Impact
October, 2024
The Research Foundation of the City University of New York (CUNY) significantly enhances academic and research efforts by providing vital support to faculty and staff in securing external funding from both government and private sponsors. This pre-award assistance is crucial for facilitating a wide array of research projects, which span both basic and applied studies aimed at advancing knowledge and addressing recognized needs.
The foundation administers all funded programs post-award, ensuring that resources are effectively managed and utilized to meet specific objectives. Through its activities, it fosters a systematic and intensive approach to research, which not only deepens understanding of various subjects but also leads to practical applications and the development of useful materials and methods.
Moreover, the foundation is instrumental in training individuals in research techniques, contributing to the growth of skills necessary for conducting high-quality research. This commitment to education and training aligns with its mission to support the broader educational and community service objectives of the University.
Overall, the impact of the Research Foundation of CUNY extends beyond individual research projects; it cultivates a culture of inquiry and innovation, strengthens academic programs, and ultimately enriches the educational landscape in New York.
This information is meant to be a general summary of Research Foundation Of The City University Of New York. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $258,623
- Program Service Revenue: $34,164,717
- Gross Receipts: $544,517,959
Assets and Liabilities:
- Total Assets: $512,515,904
- Total Liabilities: $408,065,175
- Net Assets: $104,450,729
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$34,164,717
Organization Details
Founding Year
1963
Phone
(212) 417-8580Main Address
230 West 41st Street, New York, NY, 10036
Website
www.rfcuny.orgNTEE Category
Code: B110 - Education
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