City University Construction Fund
City University Construction Fund operates as a large-scale pass-through entity with zero reported executive compensation.
EIN: 132587538 · New York, NY · NTEE: B110 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3B |
| Total Expenses | $1.3B |
| Program Spending | 99% |
| Net Assets | $13.0M |
| Transparency Score | 90/100 |
Is City University Construction Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
City University Construction Fund directs 99% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About City University Construction Fund
City University Construction Fund (EIN: 132587538) is a nonprofit organization based in New York, NY, classified under NTEE code B110. The organization reported total revenue of $1.3B and total assets of $61.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of City University Construction Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
City University Construction Fund is a major nonprofit that has been operating for 59 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3B |
| Total Expenses | $1.3B |
| Surplus / Deficit | +$0 |
| Total Assets | $52.0M |
| Total Liabilities | $38.9M |
| Net Assets | $13.0M |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 74.9% |
| Months of Reserves | 0.5 months |
Financial Health Grade: C
In 2023, City University Construction Fund reported a surplus of $0 with revenue exceeding expenses, holds 0.5 months of operating reserves (limited), has a debt-to-asset ratio of 74.9% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), City University Construction Fund's revenue has declined at a compound annual growth rate (CAGR) of -0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.8% | -2.8% | +0.9% |
| 2022 | -11.9% | -11.9% | -7.8% |
| 2021 | -10.1% | -10.1% | -23.0% |
| 2020 | +0.9% | +0.9% | +11.8% |
| 2019 | -4.3% | -4.3% | -6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1967 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates City University Construction Fund with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 1%
- programs: 99%
- fundraising: 0%
According to IRS 990 filings, City University Construction Fund allocates its expenses as follows: admin: 1%, programs: 99%, fundraising: 0%. With 99% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 74.9%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly unusual for an organization managing over a billion dollars in revenue annually and suggests a volunteer-led or externally funded leadership structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of City University Construction Fund's IRS 990 filings:
- Lack of detailed breakdown for administrative expenses given the scale of operations, though this is common for pass-through entities.
Strengths
The following positive indicators were identified for City University Construction Fund:
- Extremely high program spending ratio, with revenue and expenses almost perfectly matched (e.g., $1,313,013,404 revenue and expenses in 202306).
- Consistent 0% officer compensation, indicating strong fiscal discipline regarding executive pay.
- Stable financial operations over many years, consistently managing large capital flows for CUNY.
- Clear mission focus on construction and capital improvements for higher education, as implied by its name and NTEE code.
Frequently Asked Questions about City University Construction Fund
Is City University Construction Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, City University Construction Fund (EIN: 132587538) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does City University Construction Fund spend its money?
City University Construction Fund directs 99% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to City University Construction Fund tax-deductible?
City University Construction Fund is registered as a tax-exempt nonprofit (EIN: 132587538). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does City University Construction Fund compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), City University Construction Fund is above average for NTEE category B110 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is City University Construction Fund located?
City University Construction Fund is headquartered in New York, New York and files with the IRS under EIN 132587538. It is classified under NTEE code B110.
How many years of IRS 990 filings does City University Construction Fund have?
City University Construction Fund has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.3B in total revenue.
How does the City University Construction Fund manage to have 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or that executive salaries are covered by an affiliated entity (such as CUNY itself) and not directly reported within CUCF's 990 filings as direct compensation from the fund.
What is the primary source of the City University Construction Fund's revenue?
Given its name and NTEE code (B110 - University/College), its primary revenue source is likely state or city appropriations and bond proceeds designated for CUNY's capital projects, which it then manages and disburses.
Why are the assets relatively low compared to the massive annual revenue?
The low asset base relative to its multi-billion dollar revenue (e.g., $51,957,330 in assets vs. $1,313,013,404 in revenue for 202306) is typical for a pass-through entity. Funds are received and quickly disbursed for construction projects, minimizing the amount held on its balance sheet at any given time.
Filing History
IRS 990 filing history for City University Construction Fund showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), City University Construction Fund's revenue has declined by 3.6%, moving from $1.4B to $1.3B. Total assets increased by 344.3% over the same period, from $11.7M to $52.0M. Total functional expenses fell by 3.6%, from $1.4B to $1.3B. In its most recent filing year (2023), City University Construction Fund reported a surplus of $0, with revenue exceeding expenses. The organization holds $38.9M in liabilities against $52.0M in assets (debt-to-asset ratio: 74.9%), resulting in net assets of $13.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3B | $1.3B | $52.0M | $38.9M | — | View 990 |
| 2022 | $1.4B | $1.4B | $51.5M | $38.7M | — | View 990 |
| 2021 | $1.5B | $1.5B | $55.9M | $43.0M | — | View 990 |
| 2020 | $1.7B | $1.7B | $72.6M | $59.7M | — | View 990 |
| 2019 | $1.7B | $1.7B | $64.9M | $52.1M | — | View 990 |
| 2018 | $1.8B | $1.8B | $69.0M | $56.4M | — | View 990 |
| 2017 | $1.7B | $1.7B | $75.3M | $62.8M | — | View 990 |
| 2016 | $1.8B | $1.8B | $65.2M | $52.7M | — | View 990 |
| 2015 | $1.7B | $1.7B | $62.7M | $48.8M | — | View 990 |
| 2014 | $1.6B | $1.6B | $57.9M | $29.1M | — | View 990 |
| 2013 | $1.5B | $1.5B | $42.8M | $29.0M | — | View 990 |
| 2012 | $1.4B | $1.4B | $11.7M | $2.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3B, expenses of $1.3B, and assets of $52.0M (revenue -2.8% year-over-year).
- 2022: Revenue of $1.4B, expenses of $1.4B, and assets of $51.5M (revenue -11.9% year-over-year).
- 2021: Revenue of $1.5B, expenses of $1.5B, and assets of $55.9M (revenue -10.1% year-over-year).
- 2020: Revenue of $1.7B, expenses of $1.7B, and assets of $72.6M (revenue +0.9% year-over-year).
- 2019: Revenue of $1.7B, expenses of $1.7B, and assets of $64.9M (revenue -4.3% year-over-year).
- 2018: Revenue of $1.8B, expenses of $1.8B, and assets of $69.0M (revenue +4.1% year-over-year).
- 2017: Revenue of $1.7B, expenses of $1.7B, and assets of $75.3M (revenue -3.8% year-over-year).
- 2016: Revenue of $1.8B, expenses of $1.8B, and assets of $65.2M (revenue +4.4% year-over-year).
- 2015: Revenue of $1.7B, expenses of $1.7B, and assets of $62.7M (revenue +4.8% year-over-year).
- 2014: Revenue of $1.6B, expenses of $1.6B, and assets of $57.9M (revenue +5.5% year-over-year).
- 2013: Revenue of $1.5B, expenses of $1.5B, and assets of $42.8M (revenue +12.4% year-over-year).
- 2012: Revenue of $1.4B, expenses of $1.4B, and assets of $11.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for City University Construction Fund:
Data Sources and Methodology
This transparency report for City University Construction Fund is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.