Research Foundation For The State University Of New York in Albany, New York (NY)

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Research Foundation For The State University Of New York
Employer Identification Number (EIN)141368361
Name of OrganizationResearch Foundation For The State University Of New York
In Care of NameMr Paul Kutey
AddressPO BOX 9, Albany, NY 12201-0009
ActivitiesScientific research (diseases)
SubsectionCharitable Organization
Ruling Date11/1951
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$711,530,152
Amount of Income$1,514,296,693
Form 990 Revenue Amount$1,170,975,444
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Single Organization Support


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Amount of income in 2014: $1,514,296,693
This organization: 

 $1,514,296,693
Other organizations performing similar types of work: 

 $862,721

Assets in 2014: $711,530,152
Research Foundation For The State University Of New York: 

 $711,530,152
Other organizations performing similar types of work: 

 $1,737,288

Expenses in 2014: $1,173,707,972
This organization: 

 $1,173,707,972
Other organizations performing similar types of work: 

 $502,842

Income to expenses ratio in 2014: 1.3
Research Foundation For The State University Of New York: 

 1.3
Other organizations performing similar types of work: 

 4.1

Expenses allocated to program services in 2007: 82.1%
This organization: 

 82.1%
Other organizations performing similar types of work: 

 89.2%

Employees paid over $100,000 in 2014: 2.6%
This organization: 

 2.6%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2014: 78.4%
This organization: 

 78.4%
Other organizations performing similar types of work: 

 86.9%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

Support schedule

Checklist
201220132014
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesNoYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?YesNoYes
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNoNo
Did the organization report an amount for land, buildings, and equipment?YesYesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?YesYesYes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?YesNoNo
Did the organization report an amount for other liabilities?YesYesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYesYes
Did the organization obtain separate, independent audited financial statements for the tax year?YesYesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYesYes
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNoNo
Did the organization maintain an office, employees, or agents outside of the United States?YesNoYes
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?YesNoYes
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNoNo
Did the organization operate one or more hospital facilities?NoNoNo
Did the organization attach a copy of its audited financial statements?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNoNo
A family member of a current or former officer, director, trustee, or key employee?YesYesYes
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNoNo
Did the organization receive more than $25,000 in non-cash contributions?YesYesYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNoNo
Was the organization related to any tax-exempt or taxable entity?YesYesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?YesYesYes
Did the organization make any transfers to an exempt non-charitable related organization?NoNoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNoNo
Statements Regarding Other IRS Filings and Tax Compliance
201220132014
The number reported in Box 3 of Form 10963,1813,0613,270
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return16,51916,33015,795
Did the organization file all required federal employment tax returns?YesYesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNo
Has it filed a Form 990-T for this year?NoNoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?YesYesYes
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNoNo
Did the organization notify the donor of the value of the goods or services provided?NoNoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?YesYesYes
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?YesYesYes
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
201220132014
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$3,832,548$3,587,792$3,773,502
Total reportable compensation from related organizations$0$0$0
Total estimated amount of other compensation from the organization and related organizations$428,714$426,050$489,466
Total number of individuals who received more than $100,000 of reportable compensation from the organization276282313
Total number of independent contractors who received more than $100,000 of compensation from the organization998597
Statement of Revenue
201220132014
Total revenue$1,114,659,828$1,275,138,628$1,170,975,444
Contributions, Gifts, Grants and Other Similar Amounts$882,051,256$1,015,330,621$918,253,171
Program Service Revenue$170,764,760$202,260,864$178,692,182
561000$170,764,760$202,260,864$178,692,182
All other program service revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$4,909,081$3,749,154$2,969,212
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$10,853,368$7,847,137$20,278,155
Net rental income$0$0$0
Net gain/loss from sales of assets other than inventory$11,235,055$8,207,769$14,020,595
Gross amount from sales of assets other than inventory (Securities / Other)$260,297,462 / $5,875,000$381,410,321 / $15,961,386$335,938,475 / $21,403,369
Less: cost or other basis and sales expenses (Securities / Other)$254,681,549 / $255,858$380,347,026 / $8,816,912$328,665,588 / $14,655,661
Gain or (loss) (Securities / Other)$5,615,913 / $5,619,142$1,063,295 / $7,144,474$7,272,887 / $6,747,708
Net income/loss from fundraising events$0$0$0
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$34,846,308$37,743,083$36,762,129
561000$6,537,496$6,924,187$6,937,816
Testing Laboratories$14,208,540$13,413,733$14,293,512
Educational Support Services$14,100,272$17,405,163$15,530,801
All other revenue$0$0$0
Statement of Functional Expenses
201220132014
Total functional expenses$1,101,686,397$1,273,491,337$1,173,707,972
Grants and other assistance to domestic organizations and domestic governments$0$0$0
Grants and other assistance to domestic individuals$0$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$2,097,116$2,521,066$2,248,736
Compensation not included above, to disqualified persons$154,140$128,836$129,079
Other salaries and wages$413,768,814$407,235,942$428,513,778
Pension plan accruals and contributions$31,557,000$30,125,000$30,102,209
Other employee benefits$94,930,891$107,240,238$108,326,626
Payroll taxes$28,028,880$30,891,855$28,558,467
Fees for services (non-employees)
Management$102,380$0$0
Legal$2,973,268$2,171,578$5,868,062
Accounting$395,397$419,800$601,255
Lobbying$296,519$341,717$277,696
Professional fundraising services$0$0$0
Investment management fees$700,958$882,600$1,193,750
Other$116,867,915$159,522,876$115,150,928
Advertising and promotion$680,604$535,637$1,036,414
Office expenses$56,236,938$53,420,713$68,793,912
Information technology$6,686,353$14,135,639$6,064,775
Royalties$6,314,850$5,323,054$9,293,898
Occupancy$8,269,941$10,988,503$19,279,279
Travel$13,698,371$19,896,569$20,256,853
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$6,297,334$5,950,016$6,025,747
Interest$823,477$1,247,991$902,875
Payments to affiliates$22,945,134$80,010,539$35,766,368
Depreciation, depletion, and amortization$15,561,752$27,740,620$37,025,118
Insurance$1,774,160$2,009,867$2,811,148
Other expenses$66,768,078$62,620,285$57,685,918
Other expenses$95,077,309$108,002,568$23,506,096
Other expenses$50,410,840$71,470,486$80,705,962
Other expenses$18,758,085$19,791,292$19,960,761
Other expenses$0$48,866,050$63,622,262
Balance Sheet
201220132014
Total assets$576,903,267$593,490,327$711,530,152
Cash - non-interest-bearing$0$0$0
Savings and temporary cash investments$82,842,948$25,581,182$38,227,499
Pledges and grants receivable, net$192,359,995$199,864,143$194,059,166
Accounts receivable, net$39,390,090$30,942,334$52,187,144
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$16,298,184$12,694,979$11,037,789
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$0$8,428,346$25,218,304
Land, buildings, and equipment: cost or other basis$29,377,905$71,882,292$141,067,205
Investments - publicly traded securities$68,650,981$77,554,396$62,754,393
Investments - other securities$69,134,211$82,770,770$103,528,374
Investments - program-related$0$0$0
Intangible assets$46,849,500$75,639,031$65,605,630
Other assets$31,999,453$8,132,854$17,844,648
Total liabilities$688,237,009$662,339,880$767,928,932
Accounts payable and accrued expenses$128,255,556$126,973,170$127,524,843
Grants payable$0$0$0
Deferred revenue$188,559,129$195,102,875$330,086,117
Tax-exempt bond liabilities$5,205,000$5,030,000$4,850,000
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$23,861,206$17,408,526$10,670,018
Unsecured notes and loans payable to unrelated third parties$33,240,545$29,760,528$9,846,501
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$309,115,573$288,064,781$284,951,453
Total net assets or fund balances$-111,333,742$-68,849,553$-56,398,780
Unrestricted net assets$-111,333,742$-68,849,553$-56,398,780
Temporarily restricted net assets$0$0$0
Permanently restricted net assets$0$0$0
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014)
2010 - 2014 Total
Public Support$4,529,246,884
Subtotal Support$4,655,829,990
Gifts, grants, contributions, and membership fees received$4,655,829,990
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$126,583,106
Total Support$5,788,984,523
Public Support$4,655,829,990
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$74,792,639
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$1,058,361,894
Gross receipts from related activities, etc.$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$607,465,684$691,665,343$751,147,042$854,617,159$881,027,943$861,646,305$975,781,333$999,133,499
Contributions, gifts, grants, and similar amounts received$484,253,612$569,676,375$633,969,453$185,030$795,545$238,074$791,191,924$792,668,352
Contributions to donor advised funds$0$0
Direct public support$86,654,455$94,805,671$101,961,700$185,030$795,545$238,074$171,499,609$130,328,156
Indirect public support$27,744,042$38,003,979$34,804,628$0$0$0$26,805,678$24,863,014
Government contributions (grants)$369,855,115$436,866,725$497,203,125$0$0$0$592,886,637$637,477,182
Program service revenue including government fees and contracts$93,236,201$95,406,964$97,621,363$829,035,214$854,287,259$836,846,753$132,635,908$153,549,850
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$1,241,249$936,402$844,530$2,205,010$1,352,198$233,660$222,154$612,828
Dividends and interest from securities$3,397,974$1,905,125$2,379,033$1,714,963$2,650,575$4,191,451$8,110,608$9,464,848
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$5,547,205$2,015,358$2,132,472$1,947,290$1,942,312$2,092,986$1,470,652$1,833,236
Gain or (loss) from sales of assets other than inventory$2,111,703$-2,993,570$-1,256,474$147,812$1,746,302$2,765,465$7,577,160$8,520,461
Gross amount from sales of assets other than inventory$789,649,723$779,489,049$708,915,168$741,374,556$717,934,651$728,683,274$479,459,012$599,052,880
Less: cost or other basis and sales expenses$787,538,020$782,482,619$710,171,642$741,226,744$716,188,349$725,917,809$471,881,852$590,532,419
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$17,677,740$24,718,689$15,456,665$19,381,840$18,253,752$15,277,916$34,572,927$32,483,924
Total expenses$603,972,296$686,012,488$759,137,265$853,921,256$884,691,333$880,290,939$973,439,282$997,667,896
Program services$510,060,578$589,017,514$637,533,104$710,436,326$728,637,147$712,162,528$799,208,395$819,261,158
Management and general$93,911,718$96,994,974$121,604,161$143,484,930$156,054,186$168,128,411$174,230,887$178,406,738
Fundraising$0$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$101,416,002$106,358,240$102,514,832$103,960,097$102,983,307$85,592,428$51,791,126$25,814,912
Excess or (deficit) for the year$3,493,388$5,652,855$-7,990,223$695,903$-3,663,390$-18,644,634$2,342,051$1,465,603
Net assets or fund balances at beginning of year$101,746,842$101,416,002$106,358,240$102,514,832$103,960,097$102,983,307$85,592,428$51,791,126
Other changes in net assets or fund balances$-3,824,228$-710,617$4,146,815$749,362$2,686,600$1,253,755$-36,143,353$-27,441,817
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$997,667,896$819,261,158$178,406,738$0
Grants paid from donor advised funds$0
Other grants and allocations$18,782,107
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$1,062,147$107,159$954,988$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$10,605$0$10,605$0
Salaries and wages of employees not included above$400,804,286$339,281,744$61,522,542$0
Pension plan contributions not included above$27,399,535$21,503,353$5,896,182$0
Employee benefits not included above$116,547,756$91,138,364$25,409,392$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$214,231$714$213,517$0
Legal fees$3,001,240$125,718$2,875,522$0
Supplies$52,019,172$43,849,969$8,169,203$0
Telephone$4,030,747$717,660$3,313,087$0
Postage and shipping$1,184,213$757,546$426,667$0
Occupancy$12,964,625$6,169,622$6,795,003$0
Equipment rental and maintenance$7,010,454$4,807,248$2,203,206$0
Printing and publications$3,563,498$2,834,026$729,472$0
Travel$19,835,835$15,973,572$3,862,263$0
Conferences, conventions, and meetings$6,814,319$5,169,694$1,644,625$0
Interest$0$0$0$0
Depreciation, depletion, etc.$4,629,552$0$4,629,552$0
Other expenses not covered above$317,793,574$268,042,662$49,750,912$0
Balance Sheets
20002001200220032004200520062007
Total assets$319,847,072$367,086,585$421,763,759$488,607,004$455,329,845$457,017,249$489,832,883$600,268,277
Cash - non-interest-bearing$81,050$81,050$81,050$185,179$389,915$472,659$0$0
Savings and temporary cash investments$7,400,076$2,690,930$1,486,999$1,112,482$1,084,082$5,332,671$11,436,721$106,528,857
Accounts receivable less allowance for doubtful accounts$3,903,783$5,850,371$7,016,974$13,496,325$4,475,553$3,153,955$9,795,909$4,642,574
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$146,243,980$134,263,982$132,312,146$163,511,310$153,589,732$121,541,320$140,752,841$176,871,578
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$0$0$0$0$0
Investments - publicly-traded securities$183,337,096$158,043,888
Investments - other securities$75,189,774$136,914,034$192,255,097$230,937,218$217,178,457$238,904,484$36,506,949$41,298,700
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$47,343,110$41,803,053$40,615,260$43,436,828$50,902,695$60,831,529$81,856,200$83,918,258
Land, buildings, and equipment less accumulated depreciation$30,424,454$31,141,812$34,818,471$28,942,734$23,560,830$22,662,257$20,637,193$22,057,515
Other assets, including program-related investments$9,260,845$14,341,353$13,177,762$6,984,928$4,148,581$4,118,374$5,509,974$6,906,907
Total liabilities$218,431,070$260,728,345$319,248,927$384,646,907$352,346,538$371,424,821$438,041,757$574,453,365
Accounts payable and accrued expenses$65,359,092$69,600,896$76,474,871$83,637,516$90,957,817$87,903,213$103,933,607$112,653,498
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$76,962,960$79,983,098$125,606,305$164,589,530$126,820,898$137,035,427$108,660,121$210,051,299
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$12,067,876$15,495,421$13,406,080$10,872,956$8,271,543$5,600,000$5,600,000$5,600,000
Mortgages and other notes payable$0$900,000$4,130,392$33,390,572$25,545,577$20,454,861$3,331,612$27,373,494
Other liabilities$64,041,142$94,748,930$99,631,279$92,156,333$100,750,703$120,431,320$216,516,417$218,775,074
Total liabilities and net assets/fund balances$319,847,072$367,086,585$421,763,759$488,607,004$455,329,845$457,017,249$489,832,883$600,268,277
Total net assets or fund balances$101,416,002$106,358,240$102,514,832$103,960,097$102,983,307$85,592,428$51,791,126$25,814,912
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$607,465,684$691,665,343$751,147,042$854,617,159$881,027,943$861,646,305$975,781,333$999,133,499
Total revenue, gains, and other support per audited financial statements$506,349,365$590,371,525$653,878,026$744,168,635$766,070,793$737,799,238$858,292,072$818,141,832
Other expenses$-3,824,228$-710,617$4,146,815$749,362$2,686,600$1,253,755$15,146,647$-27,441,817
Net unrealized gains on investments$-3,824,228$-710,617$4,146,815$749,362$2,686,600$1,253,755$15,146,647$-27,441,817
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$1,253,755$0$0
Other revenue$97,292,091$100,583,201$101,415,831$111,197,886$117,643,750$125,100,822$132,635,908$153,549,850
Investment expenses$0$0$0$0$0$0$0$0
Other$97,292,091$100,583,201$101,415,831$111,197,886$117,643,750$125,100,822$132,635,908$153,549,850
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$603,972,296$686,012,488$759,137,265$853,921,256$884,691,333$880,290,939$973,439,282$997,667,896
Total expenses and losses per audited financial statements$506,680,205$585,429,287$657,721,434$742,723,370$767,047,583$755,190,117$840,803,374$844,118,046
Other revenue$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$97,292,091$100,583,201$101,415,831$111,197,886$117,643,750$125,100,822$132,635,908$153,549,850
Investment expenses$0$0$0$0$0$0$0$0
Other$97,292,091$100,583,201$101,415,831$111,197,886$117,643,750$125,100,822$132,635,908$153,549,850
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
1$25,080$0$0
1$32,639$0$0
1$61,713$0$0
1$239,757$0$0
38$189,271$0$0
38$256,570$0$0
38$257,117$0$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings15
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?Yes
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200610,579
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$38,407,804$168,057,343
Program service revenue
Program service revenue 1000000$000$0$153,549,850
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$612,828$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$9,464,848$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$0Income from research for the United States; its agencies or instrumentalities; or any state or political subdivision (section 512(b)(7))$1,833,236$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$8,520,461$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Royalty income excluded by section 512(b)(2)$17,976,431$14,507,493
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$427,404$38,345$0
$436,142$29,174$0
$339,085$41,640$0
$303,754$31,639$0
$294,038$33,678$0
Total number of other employees paid over $50,0002,050
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$279,582
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
19992000200120022003200420052006
Total$460,687$506,571$597,237$0$0$0$0$966,653,405
Gifts, grants, and contributions received$440,538$484,254$569,676$0$0$0$0$782,063,996
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$5,777$4,639$2,842$0$0$0$0$8,332,762
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$14,372$17,678$24,719$0$0$0$0$176,256,647
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Number of organizations performing similar types of work
Alaska1
Alabama7
Arkansas3
Arizona3
California53
Colorado9
Connecticut9
District of Columbia4
Delaware4
Florida22
Georgia21
Hawaii2
Iowa5
Illinois19
Indiana8
Kansas13
Kentucky6
Louisiana8
Massachusetts7
Maryland7
Maine1
Michigan16
Minnesota8
Missouri9
Mississippi4
Montana1
North Carolina30
Nebraska3
New Hampshire2
New Jersey12
New Mexico3
Nevada5
New York43
Ohio16
Oklahoma5
Oregon5
Pennsylvania23
Rhode Island1
South Carolina13
South Dakota3
Tennessee12
Texas25
Utah3
Virginia17
Vermont1
Washington8
Wisconsin13
West Virginia4
Wyoming1
International6
Total504

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