Research Foundation For The State University Of New York
Research Foundation For The State University Of New York maintains strong financial growth and consistent operational scale.
EIN: 141368361 · Albany, NY · NTEE: B114 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.4B |
| Total Expenses | $1.4B |
| Program Spending | 90% |
| Net Assets | $828.1M |
| Transparency Score | 85/100 |
Is Research Foundation For The State University Of New York Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Research Foundation For The State University Of New York directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Research Foundation For The State University Of New York
Research Foundation For The State University Of New York (EIN: 141368361) is a nonprofit organization based in Albany, NY, classified under NTEE code B114. The organization reported total revenue of $2.4B and total assets of $1.9B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Research Foundation For The State University Of New York's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Research Foundation For The State University Of New York is a major nonprofit that has been operating for 75 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4B |
| Total Expenses | $1.4B |
| Surplus / Deficit | +$37.9M |
| Total Assets | $1.5B |
| Total Liabilities | $700.1M |
| Net Assets | $828.1M |
| Operating Margin | 2.7% |
| Debt-to-Asset Ratio | 45.8% |
| Months of Reserves | 13.5 months |
Financial Health Grade: A
In 2023, Research Foundation For The State University Of New York reported a surplus of $37.9M with revenue exceeding expenses, holds 13.5 months of operating reserves (strong position), has a debt-to-asset ratio of 45.8% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Research Foundation For The State University Of New York's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.0% | +10.5% | +6.4% |
| 2022 | +5.2% | -1.6% | -0.5% |
| 2021 | -17.3% | +8.5% | +7.3% |
| 2020 | +31.2% | +0.3% | +13.2% |
| 2019 | +0.4% | +1.1% | +20.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1951 |
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 Research Foundation For The State University Of New York with a Mission Score of 85 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Research Foundation For The State University Of New York allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $37.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 45.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% for 'Officer Comp' across all available filings, which is unusual for an organization of this scale with billions in revenue and assets. This suggests that compensation for key executives might be reported under different expense categories or that the foundation's leadership is compensated through other affiliated entities.
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 Research Foundation For The State University Of New York's IRS 990 filings:
- Consistent 0% reported officer compensation, which is atypical for an organization of this scale and requires further clarification.
- Significant jump in latest reported revenue ($2.3B) compared to prior years (around $1.3B), which needs explanation for its source and sustainability.
Strengths
The following positive indicators were identified for Research Foundation For The State University Of New York:
- Consistent revenue generation exceeding $1 billion annually over the past decade, demonstrating financial stability.
- Strong asset growth from $711 million in 2014 to over $1.9 billion currently, indicating effective financial management and reinvestment.
- Healthy surplus in most recent fiscal years (e.g., $37.9 million in 2023), allowing for reinvestment and operational resilience.
- High program spending efficiency, with expenses closely aligning with revenues, suggesting most funds are directed towards its mission.
Frequently Asked Questions about Research Foundation For The State University Of New York
Is Research Foundation For The State University Of New York a legitimate charity?
Research Foundation For The State University Of New York (EIN: 141368361) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $2.4B. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Research Foundation For The State University Of New York spend its money?
Research Foundation For The State University Of New York directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Research Foundation For The State University Of New York tax-deductible?
Research Foundation For The State University Of New York is registered as a tax-exempt nonprofit (EIN: 141368361). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Research Foundation For The State University Of New York's spending goes to programs?
Research Foundation For The State University Of New York directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Research Foundation For The State University Of New York compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Research Foundation For The State University Of New York is above average for NTEE category B114 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Research Foundation For The State University Of New York located?
Research Foundation For The State University Of New York is headquartered in Albany, New York and files with the IRS under EIN 141368361. It is classified under NTEE code B114.
How many years of IRS 990 filings does Research Foundation For The State University Of New York have?
Research Foundation For The State University Of New York 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 $2.4B in total revenue.
How does the Research Foundation For The State University Of New York manage to report 0% officer compensation?
The consistent reporting of 0% for 'Officer Comp' across all filings is highly unusual for an organization of this size. It suggests that executive compensation may be categorized differently within their financial statements, potentially under program or administrative expenses, or that officers are compensated by an affiliated entity. A detailed review of the full 990 forms, particularly Part VII, would be needed to understand the true compensation structure for key personnel.
What is the primary driver of the significant increase in latest reported revenue to over $2.3 billion?
The latest reported revenue of $2,365,794,726 is significantly higher than the previous fiscal year's revenue of $1,395,404,960. This nearly billion-dollar increase warrants further investigation to identify the specific sources, such as a major grant, endowment growth, or a change in reporting methodology, as it represents a substantial one-time or new recurring income stream.
What is the breakdown of the foundation's liabilities, which have fluctuated significantly?
The foundation's liabilities have shown considerable fluctuation, from a high of $1,122,907,679 in 2019 to $700,087,434 in 2023. Understanding the composition of these liabilities (e.g., grants payable, bonds, deferred revenue) is crucial for assessing the organization's financial risk and long-term obligations.
Filing History
IRS 990 filing history for Research Foundation For The State University Of New York showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Research Foundation For The State University Of New York's revenue has grown by 25.2%, moving from $1.1B to $1.4B. Total assets increased by 164.9% over the same period, from $576.9M to $1.5B. Total functional expenses rose by 23.2%, from $1.1B to $1.4B. In its most recent filing year (2023), Research Foundation For The State University Of New York reported a surplus of $37.9M, with revenue exceeding expenses. The organization holds $700.1M in liabilities against $1.5B in assets (debt-to-asset ratio: 45.8%), resulting in net assets of $828.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4B | $1.4B | $1.5B | $700.1M | — | View 990 |
| 2022 | $1.4B | $1.2B | $1.4B | $689.7M | — | View 990 |
| 2021 | $1.3B | $1.2B | $1.4B | $779.2M | — | View 990 |
| 2020 | $1.6B | $1.2B | $1.3B | $894.4M | — | View 990 |
| 2019 | $1.2B | $1.1B | $1.2B | $1.1B | — | View 990 |
| 2018 | $1.2B | $1.1B | $983.9M | $924.6M | — | View 990 |
| 2017 | $1.1B | $1.2B | $849.2M | $874.8M | — | View 990 |
| 2016 | $1.1B | $1.2B | $965.1M | $997.7M | — | View 990 |
| 2015 | $1.2B | $1.1B | $735.1M | $875.1M | — | View 990 |
| 2014 | $1.2B | $1.2B | $711.5M | $767.9M | — | View 990 |
| 2013 | $1.3B | $1.3B | $593.5M | $662.3M | — | View 990 |
| 2012 | $1.1B | $1.1B | $576.9M | $688.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4B, expenses of $1.4B, and assets of $1.5B (revenue +2.0% year-over-year).
- 2022: Revenue of $1.4B, expenses of $1.2B, and assets of $1.4B (revenue +5.2% year-over-year).
- 2021: Revenue of $1.3B, expenses of $1.2B, and assets of $1.4B (revenue -17.3% year-over-year).
- 2020: Revenue of $1.6B, expenses of $1.2B, and assets of $1.3B (revenue +31.2% year-over-year).
- 2019: Revenue of $1.2B, expenses of $1.1B, and assets of $1.2B (revenue +0.4% year-over-year).
- 2018: Revenue of $1.2B, expenses of $1.1B, and assets of $983.9M (revenue +4.1% year-over-year).
- 2017: Revenue of $1.1B, expenses of $1.2B, and assets of $849.2M (revenue +1.9% year-over-year).
- 2016: Revenue of $1.1B, expenses of $1.2B, and assets of $965.1M (revenue -3.8% year-over-year).
- 2015: Revenue of $1.2B, expenses of $1.1B, and assets of $735.1M (revenue -0.2% year-over-year).
- 2014: Revenue of $1.2B, expenses of $1.2B, and assets of $711.5M (revenue -8.2% year-over-year).
- 2013: Revenue of $1.3B, expenses of $1.3B, and assets of $593.5M (revenue +14.4% year-over-year).
- 2012: Revenue of $1.1B, expenses of $1.1B, and assets of $576.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Research Foundation For The State University Of New York:
Data Sources and Methodology
This transparency report for Research Foundation For The State University Of New York 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.