Nonprofit · EIN 14-1368361
RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK
Tax-exempt · ALBANY, NY 12201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,858,824,863 | $1,648,805,410 | $210,019,453 | $1,937,921,505 | $736,927,026 | $1,200,994,479 |
| June 30, 2024 | 990 | $1,443,536,073 | $1,458,680,376 | -$15,144,303 | $1,631,066,568 | $733,526,214 | $897,540,354 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,545,187,170
- of which government grants
- $1,004,661,492
- Program service revenue
- $208,736,230
- Investment income
- $57,321,084
- Royalties
- $4,081,643
- Net gain from sales of assets
- $41,072,384
- Other revenue
- $47,580,379
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $2,323,805
- Other salaries and wages
- $613,391,837
- Salaries, compensation and benefits (total)
- $847,415,284
- Professional fundraising fees
- $22,165
- Legal fees
- $1,592,474
- Accounting fees
- $370,618
- Occupancy
- $61,683,454
- Travel
- $21,053,510
- Depreciation
- $90,373,793
- Program services (functional)
- $1,366,634,878
- Management and general (functional)
- $282,148,367
- Fundraising (functional)
- $22,165
Balance sheet and other
- Total assets, start of year
- $1,631,066,568
- Total assets, end of year
- $1,937,921,505
- Total liabilities, end of year
- $736,927,026
- Net assets, end of year
- $1,200,994,479
- Land, buildings and equipment
- $546,034,767
- Publicly traded securities
- $163,564,189
- Net assets without donor restrictions
- $1,166,601,716
- Net assets with donor restrictions
- $34,392,763
- Gross unrelated business income
- $2,317,705
- Gross receipts
- $2,365,794,726
- Employees
- 15,627
- Volunteers
- 1,298
- Year formed
- 1951
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MR DAVID MARCUS | CIO, STONY BROOK FOUNDATION Highest-paid employee | 37.5 | $591,833 | $64,948 |
| MS EILEEN M PEZZI | VP FOR DEVELOPMENT, UPSTATE MEDICAL UNIVERSITY Highest-paid employee | 37.5 | $413,650 | $87,700 |
| MS PATRICIA ARCIERO-CRAIG | CHIEF ADMINISTRATIVE OFFICER Highest-paid employee | 37.5 | $456,367 | $23,327 |
| MR DAVID ANDERSON | PRESIDENT, NY CREATES Highest-paid employee | 37.5 | $423,795 | $55,223 |
| MS LORRAINE L MANZELLA | ADMN DIR, UPSTATE UNIV MED ASSOCIATION Highest-paid employee | 37.5 | $322,330 | $58,356 |
| MR CHRISTOPHER ASHLEY | GENERAL COUNSEL AND SECRETARY Officer | 37.5 | $312,609 | $63,580 |
| MS KATHLEEN CAGGIANO-SIINO | INTERIM CHIEF OPERATING OFFICER THROUGH OCTOBER 2024 Officer | 37.5 | $272,195 | $62,229 |
| DR MELUR RAMASUBRAMANIAN | PRESIDENT Officer | 18.8 | $309,950 | $17,479 |
| MR JOSHUA B TOAS | CHIEF COMPLIANCE OFFICER Key employee | 37.5 | $230,960 | $76,319 |
| MR RYAN P FARRELL | CHIEF FINANCIAL OFFICER Officer | 37.5 | $254,849 | $44,786 |
| MS KERRY GILCHRIST | VP INTERNAL AUDIT Key employee | 37.5 | $169,116 | $37,719 |
| MR BENJAMIN FRIEDMAN | CHIEF OPERATING OFFICER AS OF OCTOBER 2024 Officer | 37.5 | $83,426 | $385 |
| DR SATISH K TRIPATHI | DIRECTOR Trustee or director | 2 | $75,000 | $5,250 |
| COL TIMOTHY J LAWRENCE | DIRECTOR Trustee or director | 1.1 | $0 | $0 |
| DR BAHGAT G SAMMAKIA | DIRECTOR Trustee or director | 10 | $0 | $0 |
14 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR BENJAMIN Z HOULTON | DIRECTOR Trustee or director | 1 | $0 |
| MR ADAM BARSKY | DIRECTOR AS OF MAY 2025 Trustee or director | 2 | $0 |
| MR DANIEL C TOMSON | DIRECTOR Trustee or director | 7 | $0 |
| MR EDWARD M SPIRO | DIRECTOR Trustee or director | 5 | $0 |
| MR ERIC L COCHRAN | DIRECTOR Trustee or director | 2.5 | $0 |
| MR MICHAEL CADIGAN | DIRECTOR AS OF MAY 2025 Trustee or director | 2 | $0 |
| MR ROBERT MEGNA | DIRECTOR Trustee or director | 7.5 | $0 |
| MR ROBERT P BALACHANDRAN | DIRECTOR Trustee or director | 2 | $0 |
| MR ROBERT S AZEKE | DIRECTOR Trustee or director | 1 | $0 |
| MS ANDREA GOLDSMITH | DIRECTOR AS OF MAY 2025 Trustee or director | 14 | $0 |
| MS DIANE MINAS | DIRECTOR Trustee or director | 2 | $0 |
| MS EILEEN WHELLEY | DIRECTOR Trustee or director | 5 | $0 |
| MS HEATHER MULLIGAN | DIRECTOR Trustee or director | 1 | $0 |
| MS HILLARY D HANSEN | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MR DAVID MARCUS | CIO, STONY BROOK FOUNDATION Highest-paid employee | 37.5 | $557,659 | $54,938 |
| MR DAVID ANDERSON | PRESIDENT NY CREATES Highest-paid employee | 37.5 | $413,310 | $42,051 |
| MS EILEEN M PEZZI | VP FOR DEVELOPMENT, UPSTATE MEDICAL UNIV Highest-paid employee | 37.5 | $369,398 | $81,513 |
| DR JEFFREY CHEEK | PRESIDENT & CHIEF EXECUTIVE OFFICER (through 01/24) Officer | 37.5 | $355,977 | $37,677 |
| MS LORRAINE L MANZELLA | ADMN DIR UPSTATE UNIV MED ASSOCIATION Highest-paid employee | 37.5 | $305,055 | $53,820 |
| MR CHRISTOPHER ASHLEY | GENERAL COUNSEL AND SECRETARY Officer | 37.5 | $297,013 | $60,076 |
| MS DIANE FISCHER | AVP FOR ACADEMIC BUDGET AND FINANCIAL PLANNING Highest-paid employee | 37.5 | $307,044 | $32,111 |
| MS KATHLEEN CAGGIANO-SIINO | INTERIM CHIEF OPERATING OFFICER (AS OF 02/24) Officer | 37.5 | $239,110 | $57,956 |
| MR JOSHUA TOAS | CHIEF COMPLIANCE OFFICER Key employee | 37.5 | $236,170 | $57,986 |
| MR RYAN P FARRELL | CHIEF FINANCIAL OFFICER Officer | 37.5 | $207,960 | $36,099 |
| MS EMILY KUNCHALA | FORMER CHIEF FINANCIAL OFFICER Former | 37.5 | $104,697 | $26,055 |
| DR MELUR RAMASUBRAMANIAN | PRESIDENT (as of 11/23) Officer | 18.8 | $25,893 | $2,983 |
| DR BAHGAT SAMMAKIA | DIRECTOR Trustee or director | 10 | $0 | $0 |
| DR BENJAMIN HOULTON | DIRECTOR (as of 02/2024) Trustee or director | 1.5 | $0 | $0 |
| DR MAURIE D MCINNIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR SATISH K TRIPATHI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DR TIMOTHY J LAWRENCE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MR DANIEL C TOMSON | DIRECTOR Trustee or director | 9 | $0 | $0 |
| MR EDWARD SPIRO | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MR ERIC L COCHRAN | DIRECTOR Trustee or director | 3 | $0 | $0 |
| MR ROBERT MEGNA | DIRECTOR Trustee or director | 7.5 | $0 | $0 |
| MR ROBERT P BALACHANDRAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MR ROBERT S AZEKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MS DIANE M MINAS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MS EILEEN WHELLEY | DIRECTOR Trustee or director | 5 | $0 | $0 |
| MS HEATHER MULLIGAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MS HILLARY D HANSEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 9, ALBANY, NY 12201-0009
- In care of
- % RYAN FARRELL
- Principal officer (990 for 2024)
- DR MELUR K RAMASUBRAMANIAN, PO BOX 9, ALBANY, NY 12201
- Signed the 990
- Ryan Farrell, Chief Financial Officer
- Phone
- (518) 434-7050
- Website
- WWW.RFSUNY.ORG
- Return prepared by
- Grant Thornton Advisors LLC
Mission
SEE SCHEDULE O
Program accomplishments
- RESEARCH- PROGRAM SERVICE ACCOMPLISHMENTS- SEE SCHEDULE OExpenses $857,634,436 · revenue $907,148
- PUBLIC SERVICE- PROGRAM SERVICE ACCOMPLISHMENTS- SEE SCHEDULE OExpenses $122,414,678 · revenue $380,767
- TRAINING AND EDUCATION- PROGRAM SERVICE ACCOMPLISHMENTS - SEE SCHEDULE OExpenses $103,589,073 · revenue $350,553
- Expenses $282,996,691 · revenue $248,270,335
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 14-1368361
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1951
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B114)
- Assets (IRS master file)
- $1,937,921,505
- Income (IRS master file)
- $2,365,794,726
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,858,824,863 | $1,648,805,410 | $1,937,921,505 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $1,443,536,073 | $1,458,680,376 | $1,631,066,568 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $1,395,404,960 | $1,357,481,624 | $1,528,226,855 | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 14-1368361).
Questions about RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK
- What is the EIN of RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK?
- The employer identification number (EIN) of RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK is 14-1368361.
- Is RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1951.
- Are donations to RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK?
- The 990 for the year ended June 30, 2025 names DR MELUR K RAMASUBRAMANIAN.
- Who are the officers and directors of RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK?
- The 990 for the year ended June 30, 2025 lists 29 people; 13 received compensation from the organization, the highest $591,833 (MR DAVID MARCUS, CIO, STONY BROOK FOUNDATION).
- How much revenue does RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,858,824,863, expenses of $1,648,805,410 and total assets of $1,937,921,505 at year end.
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