Civic Intelligence

Research Foundation Post-Retirement

EIN 80-0412424 • 501(c)9 • Albany, NY

Profile

To provide post-retirement benefits to eligible participants.

PO Box 9Albany, NY 12201

www.rfsuny.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

98th percentile

1.00x

Higher debt load relative to assets than 98% of similar nonprofits.

501(c)9 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

14.10x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)9 • $250M-$1B nonprofits • Source year 2024

Net Margin

36th percentile

0.0%

Higher net margin than 36% of similar nonprofits.

501(c)9 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

62nd percentile

7.2%

Faster asset growth than 62% of similar nonprofits.

501(c)9 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

11th percentile

-17%

Faster revenue growth than 11% of similar nonprofits.

501(c)9 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$328,838,119

Up $22,183,532 (+7.2%) from 2023

Liabilities

Up

$328,838,119

Up $22,183,532 (+7.2%) from 2023

Net Assets

Flat

$0

Flat from 2023

Operations
Liabilities / Revenue99th percentileNet Margin36th percentile

Revenue

Down

$23,316,700

Down $4,915,347 (-17%) from 2023

Expenses

Down

$23,316,700

Down $4,915,347 (-17%) from 2023

Net Income

Flat

$0

Flat from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth62nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400M$300M$200M$100M$0Assets 2010: $96,332,959Liabilities 2010: $96,332,959Net Assets 2010: $02010Assets 2011: $99,966,976Liabilities 2011: $99,966,976Net Assets 2011: $02011Assets 2012: $118,087,097Liabilities 2012: $118,087,097Net Assets 2012: $02012Assets 2013: $139,047,752Liabilities 2013: $139,047,752Net Assets 2013: $02013Assets 2014: $156,490,878Liabilities 2014: $156,490,878Net Assets 2014: $02014Assets 2015: $172,120,148Liabilities 2015: $172,120,148Net Assets 2015: $02015Assets 2016: $200,941,177Liabilities 2016: $200,941,177Net Assets 2016: $02016Assets 2017: $229,620,499Liabilities 2017: $229,620,499Net Assets 2017: $02017Assets 2018: $225,817,667Liabilities 2018: $225,817,667Net Assets 2018: $02018Assets 2019: $261,749,797Liabilities 2019: $261,749,797Net Assets 2019: $02019Assets 2020: $294,151,530Liabilities 2020: $294,151,530Net Assets 2020: $02020Assets 2021: $322,437,363Liabilities 2021: $322,437,363Net Assets 2021: $02021Assets 2022: $292,932,224Liabilities 2022: $292,932,224Net Assets 2022: $02022Assets 2023: $306,654,587Liabilities 2023: $306,654,587Net Assets 2023: $02023Assets 2024: $328,838,119Liabilities 2024: $328,838,119Net Assets 2024: $02024

Highlighted filing

2024

Assets$328,838,119
Liabilities$328,838,119
Net Assets$0
Open 2024 Filing

Operations Trend

Revenue Growth11th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$30M$20M$10M$0Expenses 2010: $20,821,5262010Expenses 2011: $18,662,2162011Expenses 2012: $19,329,4472012Revenue 2013: $24,333,009Expenses 2013: $24,333,009Net Income 2013: $02013Revenue 2014: $25,974,354Expenses 2014: $25,974,354Net Income 2014: $02014Revenue 2015: $30,960,865Expenses 2015: $30,960,865Net Income 2015: $02015Revenue 2016: $38,543,871Expenses 2016: $38,543,871Net Income 2016: $02016Revenue 2017: $15,131,608Expenses 2017: $15,131,608Net Income 2017: $02017Revenue 2018: $15,561,113Expenses 2018: $15,561,113Net Income 2018: $02018Revenue 2019: $21,038,844Expenses 2019: $21,038,844Net Income 2019: $02019Revenue 2020: $15,921,571Expenses 2020: $15,921,571Net Income 2020: $02020Revenue 2021: $36,534,033Expenses 2021: $36,534,033Net Income 2021: $02021Revenue 2022: $24,928,827Expenses 2022: $24,928,827Net Income 2022: $02022Revenue 2023: $28,232,047Expenses 2023: $28,232,047Net Income 2023: $02023Revenue 2024: $23,316,700Expenses 2024: $23,316,700Net Income 2024: $02024

Highlighted filing

2024

Revenue$23,316,700
Expenses$23,316,700
Net Income$0
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$328,838,119
Liabilities
$328,838,119
Net assets
$0
Revenue
$23,316,700
Expenses
$23,316,700
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$329$329$0.00$23.3$23.3$0.00
2023Summary only. Only limited summary data is available for this year.$307$307$0.00$28.2$28.2$0.00
2022Summary only. Only limited summary data is available for this year.$293$293$0.00$24.9$24.9$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$322$322$0.00$36.5$36.5$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$294$294$0.00$15.9$15.9$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$262$262$0.00$21.0$21.0$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$226$226$0.00$15.6$15.6$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$230$230$0.00$15.1$15.1$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$201$201$0.00$38.5$38.5$0.00
2015Detailed filing. Detailed filing data is available for this year.$172$172$0.00$31.0$31.0$0.00
2014Detailed filing. Detailed filing data is available for this year.$156$156$0.00$26.0$26.0$0.00
2013Summary only. Only limited summary data is available for this year.$139$139$0.00$24.3$24.3$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$118$118$0.00$19.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$100.0$100.0$0.00$18.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$96.3$96.3$0.00$20.8
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2015 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 20, 2016
Return Version
2015v2.1
Gross Receipts
$107,685,788
Mission and Program Overview

Mission

To provide post-retirement benefits to eligible participants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$97,513,546$119,519,490▲ $22,005,944
Investments in Publicly Traded Securities$55,112,128$49,610,285▼ $5,501,843
Savings and Temporary Cash Investments$3,190,623$2,180,274▼ $1,010,349
Prepaid Expenses and Deferred Charges$444,799$0▼ $444,799
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$156,490,878$172,120,148▲ $15,629,270
Other Assets Total$229,782$810,099▲ $580,317
Liabilities
Other Liabilities$155,761,742$171,896,233▲ $16,134,491
Accounts Payable and Accrued Expenses$729,136$223,915▼ $505,221
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$156,490,878$172,120,148▲ $15,629,270
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$156,490,878$172,120,148▲ $15,629,270

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$0--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleBaseTotal
Bank of New York MellonTrustee$46,199$46,199

Highest Paid Contractors

ContractorServicesLocationCompensation
Partner's Capital Investment GroupInvsmt. Consulting50 Rowes Wharf 4th Floor, Boston, MA 02110$979,745
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$23,281,898
Investment Income
$7,678,967
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$19,109,460
Salaries, Compensation, and Employee Benefits$46,199
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$17,973,151--$17,973,151
Benefits to Members$11,805,206--$11,805,206
Fees for Service Investment Mgmnt Fees-$979,745-$979,745
Fees for Services Management-$156,564-$156,564
Current Officers, Directors, Trustees, and Key Employees$0$46,199$0$46,199
Total Functional Expenses$29,778,357$1,182,508$0$30,960,865
International Activity

International Summary

Offices
0
Employees
0
Spending
$111,892,313

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestments-00$111,892,313
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Liability for Post-retirement$171,896,233
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI lines 11, 18 and 19 - 990 Review and Availability

“A complete copy of the organization's final form 990 (including all required schedules), as ultimately filed with the irs, was provided to the veba trustee and to the audit committee of the research foundation for the state university of new york's board of directors before its filing with the irs. All relevant filing documents are available to the general public upon request.”

Form 990, Part VI - Policies

“The Research Foundation of State University of New York Post-Retirement Benefits Plan Trust (the "VEBA Trust") does not have any employees, does not have its own officers or directors aside from an institutional trustee and the Research Foundation for the State University of New York ("the Research Foundation") as its sponsoring organization. Therefore the VEBA Trust does not have a written conflict of interest policy, a whistleblower policy, or a document retention and destruction policy. The VEBA Trust documents are retained by the Research Foundation and that organization does have a written document retention and destruction policy. Furthermore, the Research Foundation has a conflict of interest and a whistleblower policy. There are no individuals employed and/or compensated by the VEBA Trust.”

Form 990, Part VI, Lines 7A and 7B

“The Research Foundation, as the trust's sponsoring organization, has the ability to remove or replace the Trustee and it is the Finance Committee of the Research Foundation's Board of Directors that approves decisions relative to the trust's assets.”

Filing and Contact Details

Filer

Filer Name
Research Foundation Post-Retirement
EIN
80-0412424
In Care Of
% PAUL KUTEY
Phone
5184347050
Address
PO Box 9, Albany, NY 12201

Signing Officer

Name
Paul Kutey
Title
CFO, Fiduciary
Phone
5184347050
Signed
2016-10-20

Organization Details

Principal Officer
Jeffrey Cheek
Formed
2009
Legal Domicile
Ny
Voting Board Members
1
Independent Board Members
1
Employees
0

Preparer

Firm
Kpmg Llp
Address
60 SOUTH ST, BOSTON, MA 02111
Preparer
Shy Joseph
Phone
6179881000
Supplemental Narrative

Additional Explanations

Form 990 Part V- Form 990-T

“While the Trust did not have unrelated business gross income of $1,000 or more, it does file Form 990-T in order to file Form 8865 and Form 926 as attachments. Those Forms are required due to investment transactions with a foreign partnership and with foreign corporations.”

Raw XML AppendixShowing 400 of 406 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0729136
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0223915
IRS990/AccountsReceivableGrp/BOYAmt00
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0To provide post-retirement benefits to eligible participants.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/BenefitsToMembersGrp/ProgramServicesAmt011805206
IRS990/BenefitsToMembersGrp/TotalAmt011805206
IRS990/BooksInCareOfDetail/PersonNm0PAUL KUTEY
IRS990/BooksInCareOfDetail/PhoneNum05184347050
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 9
IRS990/BooksInCareOfDetail/USAddress/CityNm0Albany
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd012201
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt00
IRS990/CashNonInterestBearingGrp/EOYAmt00
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt046199
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt046199
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0979745
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt050 Rowes Wharf 4th Floor
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0BOSTON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0MA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd002110
IRS990/ContractorCompensationGrp/ContractorName/PersonNm0Partner's Capital Investment Group
IRS990/ContractorCompensationGrp/ServicesDesc0Invsmt. Consulting
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt011805206
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt07678967
IRS990/CYOtherExpensesAmt019109460
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt023281898
IRS990/CYRevenuesLessExpensesAmt00
IRS990/CYSalariesCompEmpBnftPaidAmt046199
IRS990/CYTotalExpensesAmt030960865
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt030960865
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0The Research Foundation VEBA Trust was established to accomplish the following activities: the payment of health care and dental related claims of eligible retirees, management of the investment portfolio that has been funded to pay for current and future claims of retirees, receipt and processing of contributions from retirees as applicable, and receipt and processing of funding from the Research Foundation.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/ExpenseAmt029778357
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0156564
IRS990/FeesForServicesManagementGrp/TotalAmt0156564
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt0979745
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0979745
IRS990/ForeignActivitiesInd0true
IRS990/ForeignCountryCd0CJ
IRS990/ForeignFinancialAccountInd0true
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.0
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/PersonNm0Bank of New York Mellon
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt046199
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0Trustee
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt0885334
IRS990/GainOrLossGrp/SecuritiesAmt05838272
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt01
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt08111877
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt075336652
IRS990/GrossReceiptsAmt0107685788
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt01
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIIIInd0X
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
IRS990/InfoInScheduleOPartXInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0955361
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0955361
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt097513546
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0119519490
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt055112128
IRS990/InvestmentsPubTradedSecGrp/EOYAmt049610285
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt07226543
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt069498380
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE POST-RETIREMENT BENEFITS TO ELIGIBLE PARTICIPANTS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt00
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IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt06723606
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt06723606
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0229782
IRS990/OtherAssetsTotalGrp/EOYAmt0810099
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0POST-RET BENEFITS EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt017973151
IRS990/OtherExpensesGrp/TotalAmt017973151
IRS990/OtherLiabilitiesGrp/BOYAmt0155761742
IRS990/OtherLiabilitiesGrp/EOYAmt0171896233
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COMPLETE COPY OF THE ORGANIZATION'S FINAL FORM 990 (INCLUDING ALL REQUIRED SCHEDULES), AS ULTIMATELY FILED WITH THE IRS, WAS PROVIDED TO THE VEBA TRUSTEE AND TO THE AUDIT COMMITTEE OF THE RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK'S BOARD OF DIRECTORS BEFORE ITS FILING WITH THE IRS. ALL RELEVANT FILING DOCUMENTS ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Research Foundation of State University of New York Post-Retirement Benefits Plan Trust (the "VEBA Trust") does not have any employees, does not have its own officers or directors aside from an institutional trustee and the Research Foundation for the State University of New York ("the Research Foundation") as its sponsoring organization. Therefore the VEBA Trust does not have a written conflict of interest policy, a whistleblower policy, or a document retention and destruction policy. The VEBA Trust documents are retained by the Research Foundation and that organization does have a written document retention and destruction policy. Furthermore, the Research Foundation has a conflict of interest and a whistleblower policy. There are no individuals employed and/or compensated by the VEBA Trust.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2While the Trust did not have unrelated business gross income of $1,000 or more, it does file Form 990-T in order to file Form 8865 and Form 926 as attachments. Those Forms are required due to investment transactions with a foreign partnership and with foreign corporations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Research Foundation, as the trust's sponsoring organization, has the ability to remove or replace the Trustee and it is the Finance Committee of the Research Foundation's Board of Directors that approves decisions relative to the trust's assets.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI lines 11, 18 and 19 - 990 Review and Availability
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI - Policies
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 Part V- Form 990-T
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Lines 7a and 7b
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0The Research Foundation for SUNY
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Research
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IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0Related organization, "Research Foundation for SUNY," EIN 14-1368361, is the contributing employer and sponsoring organization for the filing organization, which is a section 501(c)(9) VEBA. "SUNY" stated as such on Schedule R due to space limitation on the form, stands for "State University of New York." Transactions listed in Schedule R, Part V, are the employer contributions to the VEBA trust, and reimbursements by the VEBA trust of claims and administrative payments from the sponsoring organization.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0Note on Related Org Transaction
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IRS990/WebsiteAddressTxt0WWW.RFSUNY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0PAUL KUTEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO, FIDUCIARY
ReturnHeader/BusinessOfficerGrp/PhoneNum05184347050
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Research Foundation Post-Retirement
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ReturnHeader/Filer/BusinessNameControlTxt0RESE
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ReturnHeader/Filer/InCareOfNm0% PAUL KUTEY
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KPMG LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt060 SOUTH ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
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ReturnHeader/PreparerPersonGrp/PreparationDt02016-10-10

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