THE TRUSTEES OF THE STEVENS INSTITUTE OF TECHNOLOGY: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- THE TRUSTEES OF THE STEVENS INSTITUTE OF TECHNOLOGY (EIN 22-1487354)
- Tax period
- 2014-07-01 to 2015-06-30
- Filed
- 2016-01-27
- IRS object ID
- 201640279349300934
- Schema version
- 2014v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-01-27T13:55:56-06:00 | ReturnTs |
| Tax Period End | 2015-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 757 THIRD AVE 4TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100172013 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 221487354 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STEVENS INSTITUTE OF TECHNOLOGY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % LOUIS MAYER EDD | InCareOfNm |
| Business Name Control | STEV | BusinessNameControlTxt |
| Phone | 2012168761 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 Castle Point On Hudson | AddressLine1Txt |
| City | Hoboken | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07030 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Mary S Wheeler | PersonNm |
| Person Title | Avp of Finance | PersonTitleTxt |
| Phone | 2125990100 | PhoneNum |
| Signature | 2016-01-26 | SignatureDt |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SCOTT THOMPSETT | PreparerPersonNm |
| PTIN | P00741490 | PTIN |
| Phone | 2125990100 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-04-25 22:37:26Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Nariman Farvardin | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 Castle Point On Hudson | AddressLine1Txt |
| City | Hoboken | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07030 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $466,631,247 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.stevens.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1870 | FormationYr |
| Legal Domicile State | NJ | LegalDomicileStateCd |
| Activity Or Mission | The organization's primary exempt purpose is to provide educational is to provide educational services to individuals in pursuit of undergraduate, masters and doctorate degrees and to conduct research. | ActivityOrMissionDesc |
| Voting Members Governing Body | 26 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 20 | VotingMembersIndependentCnt |
| Total Employee | 3218 | TotalEmployeeCnt |
| Total Volunteers | 218 | TotalVolunteersCnt |
| Total Gross UBI | $116,034 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$4,478 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $17,560,864 | PYContributionsGrantsAmt |
| CY Contributions Grants | $25,805,184 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $233,795,857 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $262,172,197 | CYProgramServiceRevenueAmt |
| PY Investment Income | $11,072,451 | PYInvestmentIncomeAmt |
| CY Investment Income | $13,122,901 | CYInvestmentIncomeAmt |
| PY Other Revenue | $4,311,807 | PYOtherRevenueAmt |
| CY Other Revenue | $4,474,371 | CYOtherRevenueAmt |
| PY Total Revenue | $266,740,979 | PYTotalRevenueAmt |
| CY Total Revenue | $305,574,653 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $52,663,308 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $63,568,371 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $111,165,761 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $123,644,401 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $3,620,348 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $76,480,255 | PYOtherExpensesAmt |
| CY Other Expenses | $84,428,118 | CYOtherExpensesAmt |
| PY Total Expenses | $240,309,324 | PYTotalExpensesAmt |
| CY Total Expenses | $271,640,890 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $26,431,655 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $33,933,763 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $360,519,023 | TotalAssetsBOYAmt |
| Total Assets EOY | $381,928,126 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $118,176,921 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $118,203,122 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $242,342,102 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $263,725,004 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | STEVENS INSTITUTE OF TECHNOLOGY WAS FOUNDED IN 1870. THE INSTITUTE IS A NON-PROFIT RESEARCH UNIVERSITY OFFERING MORE THAN 30 UNDERGRADUATE MAJORS INCLUDING PROGRAMS IN ENGINEERING, THE SCIENCES, COMPUTER SCIENCE, BUSINESS, AND THE HUMANITIES; AND GRADUATE LEVEL COURSES IN A RANGE OF DISCIPLINES LEADING TO THE MASTERS AND PHD DEGREES. ACADEMIC RESEARCH IS CARRIED OUT AT EVERY LEVEL OF THE INSTITUTE. THE MISSION OF THE INSTITUTE IS ACCOMPLISHED BY THE ACHIEVEMENT OF THE FOLLOWING CORE GOALS: PROVIDING STUDENTS WITH A BROAD-BASED, MULTIDISCIPLINARY LEARNING EXPERIENCE IN THE SCIENCES, ENGINEERING, BUSINESS AND LIBERAL ARTS WHILE STRESSING THE FUNDAMENTAL CONCEPTS, TECHNIQUES AND ATTITUDES THAT UNDERLIE DIFFERENT BRANCHES OF TECHNOLOGY; PROMOTING THE PERSONAL DEVELOPMENT OF THE STUDENT, DEMONSTRATED BY A SENSE OF ETHICAL RESPONSIBILITY, AWARENESS OF THE SOCIETAL IMPACT OF THEIR PROFESSIONS, DEVELOPMENT OF LEADERSHIP AND TEAM SKILLS, AND A LOVE OF LEARNING; CREATING KNOWLEDGE THROUGH WORLD- | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $189,775,168 | ExpenseAmt |
| Grant | $63,568,371 | GrantAmt |
| Revenue | $204,273,068 | RevenueAmt |
| Desc | Educational Instruction: In the academic year 2014-2015, Stevens' enrollment was 2892 undergraduate students and 3572 graduate students. 532 students graduated with bachelor of engineering, science or arts degrees, 1346 students received master's in engineering, science, business administration or arts. 55 PHD degrees were also conferred. In addition, Stevens collaborated with numerous domestic and international universities and other educational programs to provide courses and training to international students. Stevens emphasizes innovation and teaches entrepreneurship throughout its curriculum with the aim of enabling the integration of technological and market knowledge. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $25,189,719 | ExpenseAmt |
| Revenue | $28,275,834 | RevenueAmt |
| Desc | Student Life: Stevens Institute maintains a 55 acre campus in Hoboken, New Jersey and provides students with on campus and off campus housing as well as several dining facilities. Close interactions between professors and students allow for greater academic and social development. There are over 120 clubs, organizations and varsity sports that offer the students ample opportunity to participate, broaden and enrich their student life. The S.C. Williams library serves as the Institute's intellectual, cultural and social center capitalizing on a resourceful staff and new technologies to foster a stimulating environment for teaching, learning and scientific discovery. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $25,739,187 | ExpenseAmt |
| Revenue | $29,623,295 | RevenueAmt |
| Desc | Research: The research enterprise includes academic research, national research centers and cross-disciplinary research initiatives with affiliated organizations and infrastructure. Creative and entrepreneural research is an integral part of the Stevens Mission. The Institute has been recognized by both the U.S. Department of Defense and the Department of Homeland Security as a national center of excellence in the areas of systems engineering, port security and information assurance. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $240,704,074 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (true) | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | Yes (true) | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (true) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | Yes (true) | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (true) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (true) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (true) | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 312 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 3218 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (true) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 26 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 20 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (true) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LOUIS MAYER EDD | PersonNm |
| Phone | 2012168761 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 CASTLE POINT ON HUDSON | AddressLine1Txt |
| City | Hoboken | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07030 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (55 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|---|
| Virginia P Ruesterholz | ||||||||||
| Chairman/Trustee | 3.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| Stephen T Boswell | ||||||||||
| Vice Chairman/Trustee | 1.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| Thomas A Corcoran | ||||||||||
| Vice Chairman/Trustee | 1.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| Richard R Roscitt | ||||||||||
| Vice Chairman/Trustee | 1.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| John A Schepisi | ||||||||||
| Vice Chairman/Trustee | 1.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| Kendra L Appleheimer | ||||||||||
| Trustee To 10/30/14 | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Lawrence T Babbio Jr | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Anthony Barrese | ||||||||||
| Trustee/Assoc Dean To 5/19/15 | 55.0 | 0.0 | Yes (X) | $181,139 | $0 | $31,772 | ||||
| Alan F Blumberg | ||||||||||
| Trustee/Professor | 55.0 | 0.0 | Yes (X) | $288,457 | $0 | $27,463 | ||||
| Michael F Cahill | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Philip P Crowley | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| John R Dearborn | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Joseph G DiPompeo | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Steven M Feller | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Emilio A Fernandez | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Joseph J Garvey | ||||||||||
| Trustee To 5/19/15 | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Samantha S George | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Larry B Giannechini | ||||||||||
| Trustee To 10/30/14 | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| John Sean J Hanlon IV | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Owen Jappen | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Rainer Martini | ||||||||||
| Trustee/Professor | 55.0 | 0.0 | Yes (X) | $148,501 | $0 | $25,528 | ||||
| Linda M Mascolo | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Thomas J Moschello | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Spyros Polemis | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Annmarie Rizzo | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Ronald E Salluzzo | ||||||||||
| Trustee/Interim VP Finance | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Thomas H Scholl | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Frank J Semcer | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Henrik C Slipsager | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| J Scott Swensen | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Nariman Farvardin | ||||||||||
| President | 55.0 | 0.0 | Yes (X) | $789,543 | $0 | $24,415 | ||||
| Diana Colombo | ||||||||||
| Exec Asst/Asst Sec To 12/31/14 | 55.0 | 0.0 | Yes (X) | $93,044 | $0 | $23,310 | ||||
| Randy Greene | ||||||||||
| VP FINANCE/TREAS To 1/31/15 | 55.0 | 0.0 | Yes (X) | $412,556 | $0 | $32,090 | ||||
| Beth Libow LeFante | ||||||||||
| Asst GENERAL COUNSEL/Asst. Sec | 55.0 | 0.0 | Yes (X) | $117,870 | $0 | $14,529 | ||||
| Louis Mayer | ||||||||||
| VP FINANCE/TREAS Start 3/16/15 | 55.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Helen Oberle | ||||||||||
| Exec. Asst/Asst. Sec | 55.0 | 0.0 | Yes (X) | $49,498 | $0 | $13,675 | ||||
| Kathy L Schulz | ||||||||||
| VP, GENERAL COUNSEL/Secretary | 55.0 | 0.0 | Yes (X) | $328,772 | $0 | $29,502 | ||||
| Elizabeth Shelton | ||||||||||
| AVP Investments/Assist Treas | 55.0 | 0.0 | Yes (X) | $187,492 | $0 | $17,015 | ||||
| Mary Wheeler | ||||||||||
| AVP Finance/Assist Treas | 55.0 | 0.0 | Yes (X) | $200,112 | $0 | $32,350 | ||||
| Michael Bruno | ||||||||||
| Dean | 55.0 | 0.0 | $380,456 | $0 | $37,232 | Yes (X) | ||||
| Mohammad Dehghani | ||||||||||
| Vice Provost | 55.0 | 0.0 | $399,864 | $0 | $23,400 | Yes (X) | ||||
| David Dodd | ||||||||||
| VP FOR INFO TECHNOLOGY | 55.0 | 0.0 | $233,856 | $0 | $35,536 | Yes (X) | ||||
| George Korfiatis | ||||||||||
| PROVOST | 55.0 | 0.0 | $555,823 | $0 | $40,632 | Yes (X) | ||||
| Robert Maffia | ||||||||||
| VP FOR FACILITIES | 55.0 | 0.0 | $257,456 | $0 | $41,146 | Yes (X) | ||||
| MaryBeth Murphy | ||||||||||
| VP ENROLLMENT MANAGEMENT | 55.0 | 0.0 | $251,723 | $0 | $32,678 | Yes (X) | ||||
| Gregory Prastacos | ||||||||||
| DEAN | 55.0 | 0.0 | $367,989 | $0 | $44,196 | Yes (X) | ||||
| Mark Samolewicz | ||||||||||
| VP FOR HUMAN RESOURCES | 55.0 | 0.0 | $164,460 | $0 | $29,339 | Yes (X) | ||||
| Dinesh Verma | ||||||||||
| DEAN | 55.0 | 0.0 | $438,785 | $0 | $40,338 | Yes (X) | ||||
| William Rouse | ||||||||||
| PROFESSOR | 55.0 | 0.0 | $360,500 | $0 | $21,350 | Yes (X) | ||||
| Alexei Miasnikov | ||||||||||
| PROFESSOR | 55.0 | 0.0 | $321,000 | $0 | $30,121 | Yes (X) | ||||
| Ralph G Giffin III | ||||||||||
| VICE PROVOST | 55.0 | 0.0 | $310,954 | $0 | $17,573 | Yes (X) | ||||
| Constantin Chassapis | ||||||||||
| VICE PROVOST | 55.0 | 0.0 | $305,602 | $0 | $41,638 | Yes (X) | ||||
| Christos Christodoulatos | ||||||||||
| ASSOC PROVOST | 55.0 | 0.0 | $282,537 | $0 | $13,318 | Yes (X) | ||||
| Charles T Koeller | ||||||||||
| Trustee/Assoc Dean To 5/21/14 | 40.0 | 0.0 | $174,692 | $0 | $17,332 | Yes (X) | ||||
| Edward C Eichhorn | ||||||||||
| FORMER KEY (LEFT 6/30/2014) | 55.0 | 0.0 | $152,335 | $0 | $19,784 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $7,755,016 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $757,262 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 259 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | Yes (true) | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Sodexo Operations | |||||
| PO Box 360170 | PITTSBURGH | PA | 152516170 | Food Service Mgmt | $9,435,905 |
| Vandis Inc | |||||
| 1 Albertson Ave Suite 1 | ALBERTSON | NY | 11507 | IT Support | $3,364,230 |
| UGL SVCS UNICCO OPERATIONS CO | |||||
| 275 GROVE ST STE 3-200 | AUBURNDALE | MA | 02466 | MAINTENANCE | $2,599,981 |
| GEORGIA TECH RESEARCH | |||||
| PO BOX 100117 | ATLANTA | GA | 30384 | RESEARCH/MONITORING | $2,449,393 |
| Workday INC | |||||
| 6230 STONERIDGE MALL RD | PLEASANTON | CA | 94588 | software/consulting | $1,870,258 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 154 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $221,640 | FundraisingAmt |
| All Other Contributions | $25,583,544 | AllOtherContributionsAmt |
| Noncash Contributions | $2,211,716 | NoncashContributionsAmt |
| Total Contributions | $25,805,184 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION & FEES | 611600 | $204,273,068 | $204,273,068 |
| RESEARCH REVENUE | 541610 | $29,623,295 | $29,623,295 |
| STUDENT HOUSING | 611710 | $18,760,918 | $18,760,918 |
| STUDENT DINING | 611710 | $9,514,916 | $9,514,916 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $262,172,197 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,582,255 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$9,429 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,591,684 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $12,383 | TotalRevenueColumnAmt |
| Exclusion | $12,383 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $192,159 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $192,159 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $192,159 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $3,150 | UnrelatedBusinessRevenueAmt |
| Exclusion | $189,009 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $170,406,629 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $159,493,826 | SecuritiesAmt |
| Other | $372,157 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $10,912,803 | SecuritiesAmt |
| Other | -$372,157 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,540,646 | TotalRevenueColumnAmt |
| Exclusion | $10,540,645 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $94,660 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $221,640 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $255,358 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$160,698 | TotalRevenueColumnAmt |
| Exclusion | -$160,698 | ExclusionAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $990,499 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $935,253 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $55,246 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $1,876 | UnrelatedBusinessRevenueAmt |
| Exclusion | $53,370 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|---|
| INSURANCE RECOVERIES | 900099 | $300,288 | $300,288 | ||
| AQUATICS | 713940 | $217,111 | $121,126 | $95,985 | |
| PARKING | 812930 | $448,585 | $448,585 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,409,297 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $24,452 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,384,845 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $4,375,281 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $305,574,653 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $262,293,323 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $116,034 | UnrelatedBusinessRevenueAmt |
| Exclusion | $17,360,111 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $63,568,371 | TotalAmt |
| Program Services | $63,568,371 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,771,839 | TotalAmt |
| Program Services | $4,353,013 | ProgramServicesAmt |
| Management And General | $3,418,826 | ManagementAndGeneralAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $93,374,094 | TotalAmt |
| Program Services | $82,448,472 | ProgramServicesAmt |
| Management And General | $8,687,107 | ManagementAndGeneralAmt |
| Fundraising | $2,238,515 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,142,114 | TotalAmt |
| Program Services | $3,922,088 | ProgramServicesAmt |
| Management And General | $1,083,972 | ManagementAndGeneralAmt |
| Fundraising | $136,054 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,825,640 | TotalAmt |
| Program Services | $9,019,869 | ProgramServicesAmt |
| Management And General | $2,492,878 | ManagementAndGeneralAmt |
| Fundraising | $312,893 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,530,714 | TotalAmt |
| Program Services | $4,218,488 | ProgramServicesAmt |
| Management And General | $1,165,890 | ManagementAndGeneralAmt |
| Fundraising | $146,336 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $768,753 | TotalAmt |
| Program Services | $592,140 | ProgramServicesAmt |
| Management And General | $176,613 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $430,493 | TotalAmt |
| Program Services | $9,103 | ProgramServicesAmt |
| Management And General | $421,390 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $245,132 | TotalAmt |
| Management And General | $245,132 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $970,602 | TotalAmt |
| Program Services | $956,057 | ProgramServicesAmt |
| Management And General | $14,545 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,993,875 | TotalAmt |
| Program Services | $14,264,297 | ProgramServicesAmt |
| Management And General | $2,372,883 | ManagementAndGeneralAmt |
| Fundraising | $356,695 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $756,663 | TotalAmt |
| Program Services | $318,148 | ProgramServicesAmt |
| Management And General | $438,515 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,376,436 | TotalAmt |
| Program Services | $1,684,172 | ProgramServicesAmt |
| Management And General | $495,393 | ManagementAndGeneralAmt |
| Fundraising | $196,871 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,526,156 | TotalAmt |
| Program Services | $7,425,373 | ProgramServicesAmt |
| Management And General | $84,583 | ManagementAndGeneralAmt |
| Fundraising | $16,200 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,605,664 | TotalAmt |
| Program Services | $12,605,664 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,485,930 | TotalAmt |
| Program Services | $3,278,513 | ProgramServicesAmt |
| Management And General | $123,360 | ManagementAndGeneralAmt |
| Fundraising | $84,057 | FundraisingAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $435,731 | TotalAmt |
| Program Services | $387,466 | ProgramServicesAmt |
| Management And General | $46,530 | ManagementAndGeneralAmt |
| Fundraising | $1,735 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,743,229 | TotalAmt |
| Management And General | $3,743,229 | ManagementAndGeneralAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,965,926 | TotalAmt |
| Program Services | $8,965,926 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,276,851 | TotalAmt |
| Program Services | $1,273,625 | ProgramServicesAmt |
| Management And General | $3,196 | ManagementAndGeneralAmt |
| Fundraising | $30 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| REPAIRS & MAINTENANCE | $6,048,424 | $5,606,446 | $438,407 | $3,571 |
| RESEARCH CONTRACTS | $8,899,924 | $8,900,258 | -$334 | |
| HOSPITALITY | $2,735,409 | $2,116,581 | $615,150 | $3,678 |
| RENTAL EQUIPMENT | $1,874,933 | $1,784,434 | $79,296 | $11,203 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,287,987 | TotalAmt |
| Program Services | $3,005,570 | ProgramServicesAmt |
| Management And General | $1,169,907 | ManagementAndGeneralAmt |
| Fundraising | $112,510 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $271,640,890 | TotalAmt |
| Program Services | $240,704,074 | ProgramServicesAmt |
| Management And General | $27,316,468 | ManagementAndGeneralAmt |
| Fundraising | $3,620,348 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,461,517 | BOYAmt |
| EOY | $16,269,030 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,254,749 | BOYAmt |
| EOY | $901,378 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,802,092 | BOYAmt |
| EOY | $21,806,121 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,903,921 | BOYAmt |
| EOY | $26,136,123 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $393,963 | BOYAmt |
| EOY | $423,695 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,829,205 | BOYAmt |
| EOY | $1,954,600 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $274,998,493 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $135,715,070 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $128,561,383 | BOYAmt |
| EOY | $139,283,423 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $77,802,603 | BOYAmt |
| EOY | $102,741,960 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84,645,868 | BOYAmt |
| EOY | $64,371,999 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,863,722 | BOYAmt |
| EOY | $8,039,797 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $360,519,023 | BOYAmt |
| EOY | $381,928,126 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,344,164 | BOYAmt |
| EOY | $18,253,044 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,717,869 | BOYAmt |
| EOY | $11,952,307 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $73,261,013 | BOYAmt |
| EOY | $70,063,972 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,853,875 | BOYAmt |
| EOY | $17,933,799 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $118,176,921 | BOYAmt |
| EOY | $118,203,122 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,973,087 | BOYAmt |
| EOY | $56,107,821 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $114,951,763 | BOYAmt |
| EOY | $115,314,804 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $87,417,252 | BOYAmt |
| EOY | $92,302,379 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $242,342,102 | BOYAmt |
| EOY | $263,725,004 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $360,519,023 | BOYAmt |
| EOY | $381,928,126 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $33,933,763 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$11,195,381 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$1,355,480 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $8,164,727 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $11,295,493 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $25,009,202 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $17,560,864 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $25,805,184 | CurrentTaxYearAmt |
| Total | $87,835,470 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $8,164,727 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $11,295,493 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $25,009,202 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $17,560,864 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $25,805,184 | CurrentTaxYearAmt |
| Total | $87,835,470 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $15,401,015 | SubstantialContributorsTotAmt |
| Public Support Total170 | $72,434,455 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,939,696 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,860,847 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,048,925 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,759,802 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,793,076 | CurrentTaxYearAmt |
| Total | $14,402,346 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $140,432 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $114,350 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $121,928 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $122,501 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $116,034 | CurrentTaxYearAmt |
| Total | $615,245 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,951,916 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,288,130 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,265,887 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,934,792 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,218,877 | CurrentTaxYearAmt |
| Total | $21,659,602 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $124,512,663 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $859,778,195 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.58174 | PublicSupportCY170Pct |
| Public Support PY170 | 0.55242 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
| Public Support CY509 | 0.00000 | PublicSupportCY509Pct |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule A, Part II, LINE 10 - DETAIL OF OTHER INCOME | FormAndLineReferenceDesc |
| Explanation | GROSS INCOME FROM FUNDRAISING ACTIVITIES $ 94,660 | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbyingGrp | |
| Total Direct Lobbying | TotalDirectLobbyingGrp | |
| Total Lobbying Expend | TotalLobbyingExpendGrp | |
| Other Exempt Purpose Expend | OtherExemptPurposeExpendGrp | |
| Total Exempt Purpose Expend | TotalExemptPurposeExpendGrp | |
| Lobbying Nontaxable Amount | LobbyingNontaxableAmountGrp | |
| Grassroots Nontaxable | GrassrootsNontaxableGrp | |
| Tot Lbbyng Grassroot Mns Non Tx | TotLbbyngGrassrootMnsNonTxGrp | |
| Tot Lbby Expend Mns Lbbyng Non Tx | TotLbbyExpendMnsLbbyngNonTxGrp | |
| Volunteers | false | VolunteersInd |
| Paid Staff Or Management | Yes (true) | PaidStaffOrManagementInd |
| Media Advertisements | false | MediaAdvertisementsInd |
| Mailings Members | false | MailingsMembersInd |
| Publications Or Broadcast | false | PublicationsOrBroadcastInd |
| Grants Other Organizations | false | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (true) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $245,132 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | false | RalliesDemonstrationsInd |
| Other Activities | false | OtherActivitiesInd |
| Total Lobbying Expenditures | $245,132 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | false | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part II-B, Line 1G - Lobbying | FormAndLineReferenceDesc |
| Explanation | The Stevens Institute of Technology does not directly engage in any lobbying activities; the Institute hired various outside consultants to undertake lobbying activities related to educational and other mission related initiatives on its behalf. | ExplanationTxt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Revenues Included | $300,000 | RevenuesIncludedAmt |
| Assets Included | $545,405 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Held Works Art | HeldWorksArtGrp | |
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Solicited Assets Sale | false | SolicitedAssetsSaleInd |
| Incl Escrow Custodial Acct Liab | false | InclEscrowCustodialAcctLiabInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $173,055,379 | BeginningYearBalanceAmt |
| Contributions | $3,683,046 | ContributionsAmt |
| Investment Earnings Or Losses | $1,490,160 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $4,547,574 | GrantsOrScholarshipsAmt |
| End Year Balance | $173,681,011 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $155,748,717 | BeginningYearBalanceAmt |
| Contributions | $8,484,292 | ContributionsAmt |
| Investment Earnings Or Losses | $14,109,353 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $5,286,983 | GrantsOrScholarshipsAmt |
| End Year Balance | $173,055,379 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $141,416,999 | BeginningYearBalanceAmt |
| Contributions | $5,544,879 | ContributionsAmt |
| Investment Earnings Or Losses | $14,042,029 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $5,255,190 | GrantsOrScholarshipsAmt |
| End Year Balance | $155,748,717 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $144,100,616 | BeginningYearBalanceAmt |
| Contributions | $2,197,390 | ContributionsAmt |
| Investment Earnings Or Losses | $1,391,552 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $6,272,559 | GrantsOrScholarshipsAmt |
| End Year Balance | $141,416,999 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $134,214,252 | BeginningYearBalanceAmt |
| Contributions | $335,365 | ContributionsAmt |
| Investment Earnings Or Losses | $14,682,338 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $5,131,339 | GrantsOrScholarshipsAmt |
| End Year Balance | $144,100,616 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.04600 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.95400 | PrmnntEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (true) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,763,196 | OtherCostOrOtherBasisAmt |
| Book Value | $1,763,196 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $219,177,535 | OtherCostOrOtherBasisAmt |
| Depreciation | $108,056,956 | DepreciationAmt |
| Book Value | $111,120,579 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovementsGrp |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $37,096,658 | OtherCostOrOtherBasisAmt |
| Depreciation | $27,658,114 | DepreciationAmt |
| Book Value | $9,438,544 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $16,961,104 | OtherCostOrOtherBasisAmt |
| Book Value | $16,961,104 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $139,283,423 | TotalBookValueLandBuildingsAmt |
| Financial Derivatives | FinancialDerivativesGrp | |
| Closely Held Equity Interests | CloselyHeldEquityInterestsGrp |
Other Securities OtherSecuritiesGrp (5 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| ALTERNATIVE INVESTMENTS | $40,732,843 | F |
| TRUSTS HELD BY OTHERS | $3,824,876 | F |
| SPLIT INTEREST AGREEMENTS | $2,853,379 | F |
| OTHER | $160,958 | F |
| PRIVATE EQUITY | $16,799,943 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $64,371,999 | TotalBookValueSecuritiesAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| ACCRUED POST-RETIREMENT BENEFI | $5,061,655 |
| ANNUITIES PAYABLE | $1,631,739 |
| CONDITIONAL ASSET RETIREMENT | $6,032,221 |
| REFUNDABLE ADVANCES | $5,208,184 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $17,933,799 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $230,562,946 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$11,195,381 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$212,606 | OtherRevenueAmt |
| Revenue Not Reported | -$11,407,987 | RevenueNotReportedAmt |
| Revenue Subtotal | $241,970,933 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $970,602 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $62,633,118 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $63,603,720 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $305,574,653 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $208,037,171 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $935,253 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $935,253 | ExpensesNotReportedAmt |
| Expenses Subtotal | $207,101,918 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $970,602 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $63,568,370 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $64,538,972 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $271,640,890 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Collections of Art, Historical Treasures - FORM 990, SCHEDULE D, PART III | Various Pieces of art that have been donated are on public display for the enrichment and enjoyment of visitors, faculty, staff and students. |
| Endowment Funds - FORM 990, SCHEDULE D, PART V, LINE 4 | The Institute's endowment fund is intended to support scholarships for undergraduate and graduate students and to provide financial assistance for programs and services conducted by the Institute. |
| Income Taxes - FORM 990, SCHEDULE D, PART X | The University has been classified as an organization described under Section 501(c)(3) of the Internal Revenue Code (the "Code") and, therefore, is exempt from Federal income taxes under Section 501(a) of the Code and similar State of New Jersey tax provisions. Federal law imposes tax on income that is not related to an organization's tax-exempt purposes or otherwise excluded under the Code. The University has processes presently in place to ensure the maintenance of its tax-exempt status, to identify and report unrelated income, determine its filing and tax obligations in jurisdictions for which it has nexus, and to review other matters that may be considered tax positions. Management of the University believes there are no uncertain tax positions. The tax years ended 2012, 2013, 2014, and 2015 are still open to audit for federal purposes. |
| Other Rev On Books NOT ON RETURN, FORM 990, SCHEDULE D, PART XI, LINE 2D | Post-Retirement Benefit Changes Other Than Net Periodic Costs $-382,026 Change In Value Of Split-Interest Agreements 169,420 ---------- Total $-212,606 |
| Other ReV ON Return NOT ON BOOKS - FORM 990, SCHEDULE D, PART XI, LINE 4B | SCHOLARSHIPS NET ON FINANCIAL STATEMENTS RECLASSED TO EXPENSES (PART IX, LINE 2) $63,568,371 BOOK STORE COSTS OF GOODS SOLD INCLUDED IN EXPENSES ON FINANCIAL STATEMENTS ($935,253) ------------ TOTAL $62,633,118 |
| Other Expenses Included on Books but Not on Return | Form 990, Schedule D, Part XII, Line 2d BOOKSTORE COSTS OF GOODS SOLD INCLUDED IN EXPENSES ON FINANCIAL STATEMENTS ($935,253) |
| Other Expenses Included on Return but Not on Books | Form 990, Schedule D, Part XII, Line 4b SCHOLARSHIPS NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS RECLASSED TO EXPENSES (PART IX LINE 2) $63,568,371 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Nondiscrimination Policy - PART I, LINE 3 | The Stevens Institute of Technology's nondiscrimination policy is distributed annually as well as printed in student materials and on its website. |
| Governmental Funding PART I, LINE 6A | Stevens Institute of Technology receives funding from various governmental sources including, but not limited to, Pell, Federal Direct Loan Programs, Perkins and FSEOG. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)
| RegionRegionTxt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt | Specific Services ProvidedSpecificServicesProvidedTxt |
|---|---|---|---|
| Central America and the Caribbean | Investments | $26,866,741 | |
| East Asia and the Pacific | Program Services | $22,105 | ACADEMIC RECRUITMENT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Spent | $26,888,846 | SubtotalSpentAmt |
| Total Spent | $26,888,846 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (true) | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (true) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (true) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (true) | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule F, Part IV | FormAndLineReferenceDesc |
| Explanation | Stevens Institute of Technology invests in domestic and foreign limited partnerships that may own an interest in a foreign corporation, passive foreign investment company or foreign partnership. To the extent that those investments resulted in transfers of property that exceeded the applicable filing thresholds, the Forms 926, 5471, 8621 and 8865 accompanied the filing of the University's Form 990-T. | ExplanationTxt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Awards Gala | Event1Nm |
| Gross Receipts Event1 | $220,905 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $155,805 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $65,100 | GrossRevenueEvent1Amt |
| Food And Beverage Event1 | $137,431 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $3,345 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $83,170 | OtherDirectExpensesEvent1Amt |
| Event2 | Golf Tournament | Event2Nm |
| Gross Receipts Event2 | $78,075 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $56,575 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $21,500 | GrossRevenueEvent2Amt |
| Rent Facility Costs Event2 | $19,500 | RentFacilityCostsEvent2Amt |
| Food And Beverage Event2 | $525 | FoodAndBeverageEvent2Amt |
| Other Direct Expenses Event2 | $2,637 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 1 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $17,320 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $9,260 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $8,060 | GrossRevenueOtherEventsAmt |
| Food And Beverage Other Events | $6,875 | FoodAndBeverageOtherEventsAmt |
| Oth Direct Expnss Other Events | $1,875 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $316,300 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $221,640 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $94,660 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $19,500 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $144,831 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $3,345 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $87,682 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $255,358 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$160,698 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Scholarships and Grants | GrantTypeTxt |
| Recipient | 2792 | RecipientCnt |
| Cash Grant | $63,568,371 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Grants and Other Assistance in U.S. PART I, LINE 2 | FormAndLineReferenceDesc |
| Explanation | Scholarships and grants are awarded as financial assistance to students attending the Stevens Institute of Technology. The distribution and application of the financial assistance are based on the specific criteria of each scholarship and grant and are administered consistent with federal, state, and institutional student aid policies. Administration of financial assistance is monitored on an on-going basis through a review of bi-weekly system-generated reports. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (true) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (24 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Anthony Barrese | ||||||||||||||
| Trustee/Assoc Dean To 5/19/15 | $181,139 | $0 | $0 | $0 | $0 | $0 | $17,971 | $0 | $13,801 | $0 | $212,911 | $0 | $0 | $0 |
| Alan F Blumberg | ||||||||||||||
| Trustee/Professor | $283,457 | $0 | $5,000 | $0 | $0 | $0 | $21,361 | $0 | $6,102 | $0 | $315,920 | $0 | $0 | $0 |
| Rainer Martini | ||||||||||||||
| Trustee/Professor | $148,501 | $0 | $0 | $0 | $0 | $0 | $9,249 | $0 | $16,279 | $0 | $174,029 | $0 | $0 | $0 |
| Nariman Farvardin | ||||||||||||||
| President | $662,405 | $0 | $117,275 | $0 | $9,863 | $0 | $23,400 | $0 | $1,015 | $0 | $813,958 | $0 | $0 | $0 |
| Randy Greene | ||||||||||||||
| VP FINANCE/TREAS To 1/31/15 | $412,556 | $0 | $0 | $0 | $0 | $0 | $26,000 | $0 | $6,090 | $0 | $444,646 | $0 | $0 | $0 |
| Kathy L Schulz | ||||||||||||||
| VP, GENERAL COUNSEL/Secretary | $322,772 | $0 | $6,000 | $0 | $0 | $0 | $23,400 | $0 | $6,102 | $0 | $358,274 | $0 | $0 | $0 |
| Elizabeth Shelton | ||||||||||||||
| AVP Investments/Assist Treas | $187,492 | $0 | $0 | $0 | $0 | $0 | $17,015 | $0 | $0 | $0 | $204,507 | $0 | $0 | $0 |
| Mary Wheeler | ||||||||||||||
| AVP Finance/Assist Treas | $200,112 | $0 | $0 | $0 | $0 | $0 | $18,518 | $0 | $13,832 | $0 | $232,462 | $0 | $0 | $0 |
| Michael Bruno | ||||||||||||||
| Dean | $376,456 | $0 | $4,000 | $0 | $0 | $0 | $23,400 | $0 | $13,832 | $0 | $417,688 | $0 | $0 | $0 |
| Mohammad Dehghani | ||||||||||||||
| Vice Provost | $371,384 | $0 | $4,000 | $0 | $24,480 | $0 | $0 | $0 | $23,400 | $0 | $423,264 | $0 | $0 | $0 |
| David Dodd | ||||||||||||||
| VP FOR INFO TECHNOLOGY | $233,856 | $0 | $0 | $0 | $0 | $0 | $21,735 | $0 | $13,801 | $0 | $269,392 | $0 | $0 | $0 |
| George Korfiatis | ||||||||||||||
| PROVOST | $532,840 | $0 | $10,000 | $0 | $12,983 | $0 | $24,400 | $0 | $16,232 | $0 | $596,455 | $0 | $0 | $0 |
| Robert Maffia | ||||||||||||||
| VP FOR FACILITIES | $252,456 | $0 | $5,000 | $0 | $0 | $0 | $22,950 | $0 | $18,196 | $0 | $298,602 | $0 | $0 | $0 |
| MaryBeth Murphy | ||||||||||||||
| VP ENROLLMENT MANAGEMENT | $245,723 | $0 | $6,000 | $0 | $0 | $0 | $22,815 | $0 | $9,863 | $0 | $284,401 | $0 | $0 | $0 |
| Gregory Prastacos | ||||||||||||||
| DEAN | $355,989 | $0 | $6,000 | $0 | $6,000 | $0 | $26,000 | $0 | $18,196 | $0 | $412,185 | $0 | $0 | $0 |
| Mark Samolewicz | ||||||||||||||
| VP FOR HUMAN RESOURCES | $164,460 | $0 | $0 | $0 | $0 | $0 | $15,507 | $0 | $13,832 | $0 | $193,799 | $0 | $0 | $0 |
| Dinesh Verma | ||||||||||||||
| DEAN | $438,785 | $0 | $0 | $0 | $0 | $0 | $22,100 | $0 | $18,238 | $0 | $479,123 | $0 | $0 | $0 |
| William Rouse | ||||||||||||||
| PROFESSOR | $360,500 | $0 | $0 | $0 | $0 | $0 | $21,350 | $0 | $0 | $0 | $381,850 | $0 | $0 | $0 |
| Alexei Miasnikov | ||||||||||||||
| PROFESSOR | $316,000 | $0 | $5,000 | $0 | $0 | $0 | $16,289 | $0 | $13,832 | $0 | $351,121 | $0 | $0 | $0 |
| Ralph G Giffin III | ||||||||||||||
| VICE PROVOST | $307,454 | $0 | $3,500 | $0 | $0 | $0 | $17,573 | $0 | $0 | $0 | $328,527 | $0 | $0 | $0 |
| Constantin Chassapis | ||||||||||||||
| VICE PROVOST | $301,602 | $0 | $4,000 | $0 | $0 | $0 | $23,400 | $0 | $18,238 | $0 | $347,240 | $0 | $0 | $0 |
| Christos Christodoulatos | ||||||||||||||
| ASSOC PROVOST | $265,719 | $0 | $3,500 | $0 | $13,318 | $0 | $13,318 | $0 | $0 | $0 | $295,855 | $0 | $0 | $0 |
| Edward C Eichhorn | ||||||||||||||
| FORMER KEY (LEFT 6/30/2014) | $152,335 | $0 | $0 | $0 | $0 | $0 | $12,884 | $0 | $6,900 | $0 | $172,119 | $0 | $0 | $0 |
| Charles T Koeller | ||||||||||||||
| Trustee/Assoc Dean To 5/21/14 | $174,692 | $0 | $0 | $0 | $0 | $0 | $11,230 | $0 | $6,102 | $0 | $192,024 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Compensation Information PART I, LINE 1 | the Stevens Institute of Technology guidelines regarding first class/business class travel and spousal travel are included in the Stevens Business and Travel Expense Policy. Expenses incurred for accompanying companions/spouses are considered personal in nature except on occasions when attendance of a companion/spouse at an event serves a bona fide business purpose for the University and the presence of the companion/spouse is essential (not just beneficial) to the employee being able to carry out the business purpose for the University. Given that attendance is essential, this is not taxable to the employee. Campus housing is provided for the University President and is used for program and development purposes. There is one instance in which a club membership is in the name of an individual due to club imposed membership rules. This membership is solely for business purposes to foster relationships within the New York metropolitan area for the University. |
| Incentive Compensation, PART I, LINE 7 | The Stevens Incentive Compensation Plan provides a mechanism to reward faculty, administrative leaders, and certain key staff for extraordinary performance over a period of one academic year where permitted by law. In contrast to merit-based salary increases, annual incentives do not increase base salary. Incentive compensation may be awarded upon a finding by management that an employee's work has been extraordinary and has clearly contributed toward the goals and mission of Stevens. Incentive compensation, even in cases of extraordinary performance, is not guaranteed, and decisions regarding incentive compensation will be subject to the Board of Trustees and others' determinations as to the financial results of the University and other factors not specified in the plan. Incentive compensation for faculty, staff and administration are recommended by managerial staff, are approved by the President and are within parameters established by the Board of Trustees. Incentive compensation for executive leaders is recommended by the Human Resources and Compensation Committee of the Board of Trustees and approved by the full Board of Trustees as part of its consideration of this group (and as further described in Schedule O). Each year, the Board of Trustees will approve a set of annual incentive performance measures for the executive leaders and will review with the President the process for determining them for each other group or sub-group of employees. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| NJ EDU FAC AUTH STEVENS ISSUE 2007 | ||||||||
| A | 221829511 | 646065LP5 | 2007-08-02 | $71,633,268 | Refunding of Prior Issues | false | false | false |
| NJ EDU FAC AUTH CAPITAL IMP 2005 a | ||||||||
| B | 221829511 | 60605LWWX | 2005-08-10 | $792,706 | Refunding of Prior Issues | false | false | false |
| NJ EDU FAC AUTH CAPITAL IMP 2006 A | ||||||||
| C | 221829511 | 64605LZ43 | 2006-10-26 | $133,640 | Refunding of Prior Issues | false | false | false |
| NJ EDU AUTH DORM SAFETY 2003 A | ||||||||
| D | 221829511 | 64605NBU7 | 2004-01-15 | $244,207 | Finance Dorm Safety Improvements | false | false | false |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Bond DefeasedBondDefeasedAmt | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Capitalized InterestCapitalizedInterestAmt | Refunding EscrowRefundingEscrowAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Credit EnhancementCreditEnhancementAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | UnspentUnspentAmt | Substantial CompletionSubstantialCompletionYr | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $7,010,000 | $0 | $85,725,356 | $5,776,701 | $0 | $66,517,119 | $1,535,969 | $0 | $0 | $0 | $0 | $0 | 2009 | false | Yes (true) | Yes (true) | Yes (true) |
| B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | 2005 | false | false | Yes (true) | Yes (true) |
| C | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | 2006 | false | false | Yes (true) | Yes (true) |
| D | $198,500 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | 2004 | false | false | Yes (true) | Yes (true) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Remedial Action TakenRemedialActionTakenInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|
| A | false | false | false | false | 0 | Yes (true) | false | false | Yes (true) |
| B | false | false | false | false | 0 | Yes (true) | false | false | Yes (true) |
| C | false | false | false | false | 0 | Yes (true) | false | false | Yes (true) |
| D | false | false | false | false | 0 | Yes (true) | false | false | Yes (true) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Business Name Line1GICProviderName/BusinessNameLine1Txt | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | ||||||||||
| A | false | false | false | Yes (true) | false | false | false | 0 | false | Yes (true) |
| 0 | ||||||||||
| B | false | false | false | Yes (true) | false | false | false | 0 | false | Yes (true) |
| 0 | ||||||||||
| C | false | false | false | Yes (true) | false | false | false | 0 | false | Yes (true) |
| 0 | ||||||||||
| D | false | false | false | Yes (true) | false | false | false | 0 | false | Yes (true) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (true) |
| B | Yes (true) |
| C | Yes (true) |
| D | Yes (true) |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | NJ EDU FAC AUTH STEVENS ISSUE 2007 | FormAndLineReferenceDesc |
| Explanation | 1. BOND ISSUE A - COLUMN (F): This issue advance refunded all of the outstanding principal amount of the Revenue Bonds, Stevens Institute of Technology issue, 2004 Series B issued on July 1, 2004 by the New Jersey Educational Facilities Authority ("NJEFA"), all of the Revenue Bonds, 2002 Series C issued by NJEFA on December 1, 2002 and a portion of the revenue bonds, Stevens Institute of Technology issue, 1998 Series I issued by NJEFA on August 25, 1998. The refunded bonds financed capital improvements for the University. 2. BOND ISSUE B - COLUMNS (E) AND (F): These bonds were issued in the par amount of $15,077,352 to refund a portion of the NJEFA Capital Improvement Fund (CIF) issues, Series 2000 A, Series 2000 B and Series 2002 A. CIF bonds were issued pursuant to a legislative program to finance capital improvements for New Jersey colleges and universities. Eleven colleges received grants from the 2000 A, 2000 B and 2002 A bonds. Stevens received grants only from the 2000 A and 2000 B bonds. The refunded bonds and the series 2005 A refunding bonds (bond Issue B) are repayable in part by state appropriations. The issue price shown on Schedule K for the series 2005 A bonds is the approximate amount of the issue price allocable to the Institute. 3. BOND ISSUE C - COLUMNS (E) AND (F): These bonds were issued in the par amount of $155,460,000 to refund a portion of NJEFA's Capital Improvement Fund issues, Series 2000 A Series 2000 B, Series 2002 A and Series 2004 A. The 2000 A, 2000 B, 2002 A and 2004 A bonds were issued on July 1, 2000, December 30, 2000, November 21, 2002 and March 14, 2004 respectively. At least eleven colleges received grants from these bonds. Stevens received grants only from 2000 A and 2000 B. The refunded bonds and the Series 2006 A refunding bonds (bond issue C) are repayable in part by state appropriations. The issue price shown on the Schedule K for the refunding 2006 A bonds is the approximate amount of the issue price allocable to the Institute. 4. BOND ISSUE D - COLUMNS (E) AND (F): These bonds were issued pursuant to a legislatively created state-backed program to finance safety improvements for dormitory facilities. The bonds are repayable in part by state appropriations. Bond proceeds were issued as a single issue of $5,440,000 which was lent in varying amounts to 12 of the private colleges located in New Jersey. The Institute received a loan of $243,500. The issue price shown on Schedule K is the approximate amount of the $5,523,846.05 issue price for the entire bond issue which is allocable to the loan made to the Institute. single issuance which was granted in varying amounts to 6 of the private colleges located in New Jersey. The institute entered into lease agreements with NJEFA for a total of $4,500,000 which requires that the Institute pay one fourth (25%) of debt service of the underlying bonds. | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NJ EDU FAC AUTH ELF ISSUE SERIES 2014B | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 221829511 | BondIssuerEIN |
| CUSIP | 6460658J4 | CUSIPNum |
| Bond Issued | 2014-01-30 | BondIssuedDt |
| Issue Price | $8,131,497 | IssuePriceAmt |
| Purpose | FINANCE IT INFRASTRUCTURE | PurposeDesc |
| Defeased | false | DefeasedInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Pool Financing | Yes (true) | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Retired | $0 | RetiredAmt |
| Bond Defeased | $0 | BondDefeasedAmt |
| Total Proceeds | $8,131,497 | TotalProceedsAmt |
| In Reserve Fund | $572,098 | InReserveFundAmt |
| Capitalized Interest | $0 | CapitalizedInterestAmt |
| Refunding Escrow | $0 | RefundingEscrowAmt |
| Issuance Costs From Proceeds | $54,772 | IssuanceCostsFromProceedsAmt |
| Credit Enhancement | $0 | CreditEnhancementAmt |
| Working Capital Expenditures | $0 | WorkingCapitalExpendituresAmt |
| Capital Expenditures | $3,927,902 | CapitalExpendituresAmt |
| Other Spent Proceeds | $0 | OtherSpentProceedsAmt |
| Unspent | $0 | UnspentAmt |
| Current Refunding | false | CurrentRefundingInd |
| Advance Refunding | false | AdvanceRefundingInd |
| Final Allocation Made | false | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (true) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | false | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | false | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | false | MgmtContractBondFincdPropInd |
| Any Research Agreements | false | AnyResearchAgreementsInd |
| Private Bus Use By Others | 0 | PrivateBusUseByOthersPct |
| Bond Iss Meet Prvt Sec Pymt Test | Yes (true) | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | false | ChangeInUseBondFinancedPropInd |
| Remedial Action Taken | false | RemedialActionTakenInd |
| Procs Nonqualified Bond Remdtd | Yes (true) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | false | Form8038TFiledInd |
| Rebate Not Due Yet | false | RebateNotDueYetInd |
| Exception To Rebate | false | ExceptionToRebateInd |
| No Rebate Due | Yes (true) | NoRebateDueInd |
| Variable Rate Issue | false | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | false | HedgeIdentifiedInBksAndRecInd |
Hedge Provider Name HedgeProviderName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 0 | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGICInd |
GIC Provider Name GICProviderName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 0 | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Proceeds Invested | false | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (true) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | Yes (true) | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | NJ EDU FAC AUTH ELF ISSUE, SERIES 2014B | FormAndLineReferenceDesc |
| Explanation | BOND ISSUE A - COLUMN (A): These bonds were issued pursuant to a legislatively created state-backed program, Higher Education Equipment Leasing Fund, to finance capital improvements for New Jersey colleges and universities. The bonds are repayable in part by state appropriations. Bond proceeds of $8,131,497,as shown on Schedule K, were received from a single issuance which was granted in varying amounts to 6 of the private colleges located in New Jersey. The institute entered into lease agreements with NJEFA for a total of $4,500,000 which requires that the Institute pay one fourth (25%) of debt service of the underlying bonds. | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (4 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| VIRGINIA RUESTERHOLZ | |||
| Board Trustee Chair | $381,322 | See Schedule L, Part V | false |
| Annmarie Rizzo | |||
| Board Trustee | $381,322 | See Schedule L, Part V | false |
| Lawrence T Babbio Jr | |||
| Board Trustee | $381,322 | See Schedule L, Part V | false |
| Ronald E Salluzzo | |||
| Board Trustee | $136,406 | See Schedule L, Part V | false |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule L, Part IV | FormAndLineReferenceDesc |
| Explanation | Board of Trustees Chair Virginia Ruesterholz is the retired president of Verizon Services Operations. She received long term stock payments from Verizon during this fiscal year. Board of Trustees member Annmarie Rizzo was Director of Operations in the Network and Technology organization at Verizon Communications during the prior year and is now retired. Board of Trustees member Lawrence T. Babbio, Jr.'s son Lawrence T. Babbio, III is employed by Verizon. The Stevens Institute conducts business with Verizon Wireless, Verizon Select Services and various other Verizon companies (total fees of $381,322 in the fiscal year). Board of Trustees Member Ronald E. Salluzzo was engaged by the University to serve as a Professional Trustee (as provided by the University's By-Laws) and as Chair of the Audit Committee from July 1, 2014 to January 31, 2015 and from April 1, 2015 through June 30, 2015. Mr. Salluzzo served as interim CFO from February 1, 2015 to March 31, 2015. The university paid Attain, LLC, of which Mr. Salluzzo is a partner, for his board service, his committee service and interim CFO work. Amounts paid to Mr. Salluzzo for his service as interim CFO are not required to be reported in Part VII yet since those amounts were paid in calendar year 2015. This compensation will be reported on the Institute's 2015 Form 990. The fees paid to Attain, LLC for Mr. Salluzzo's services represents reasonable compensation for his Board and committee service and, therefore, does not impair his independence during the time he serves as a Professional Trustee and as Chair of the Audit Committee. The compensation relating to this service was $71,606. The fees paid to Attain, LLC relating to the 2 month period that Mr. Salluzzo served as Interim Chief Financial Officer were $64,800. During this time, Mr. Salluzzo was not independent. When entering into or considering transactions with organizations with a relationship to a University Trustee or Officer, the facts surrounding the conflict of interest will be disclosed and the trustee or officer will recuse him or herself from the deliberations and vote on the matter. | ExplanationTxt |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $300,000 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Historical Treasures | ArtHistoricalTreasuresGrp | |
| Art Fractional Interest | ArtFractionalInterestGrp |
Books And Publications BooksAndPublicationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $2,300 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Clothing And Household Goods | ClothingAndHouseholdGoodsGrp | |
| Cars And Other Vehicles | CarsAndOtherVehiclesGrp | |
| Boats And Planes | BoatsAndPlanesGrp | |
| Intellectual Property | IntellectualPropertyGrp |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 35 | ContributionCnt |
| Noncash Contributions Rpt F990 | $1,562,635 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStockGrp | |
| Secur Prtnrshp Trust Intrsts | SecurPrtnrshpTrustIntrstsGrp | |
| Securities Miscellaneous | SecuritiesMiscellaneousGrp | |
| Qualified Contrib Hist Struct | QualifiedContribHistStructGrp | |
| Qualified Contrib Other | QualifiedContribOtherGrp | |
| Real Estate Residential | RealEstateResidentialGrp | |
| Real Estate Commercial | RealEstateCommercialGrp | |
| Real Estate Other | RealEstateOtherGrp | |
| Collectibles | CollectiblesGrp | |
| Food Inventory | FoodInventoryGrp | |
| Drugs And Medical Supplies | DrugsAndMedicalSuppliesGrp | |
| Taxidermy | TaxidermyGrp | |
| Historical Artifacts | HistoricalArtifactsGrp | |
| Scientific Specimens | ScientificSpecimensGrp | |
| Archaeological Artifacts | ArchaeologicalArtifactsGrp |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | Misc Equipment | Desc |
| Contribution | 11 | ContributionCnt |
| Noncash Contributions Rpt F990 | $346,781 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (true) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (true) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Non-Cash Contributions | FormAndLineReferenceDesc |
| Explanation | LINE 9 - To the extent that the Institute receives contributions of securities, the Institute's investment brokerage bank is tasked with selling those securities promptly. LINE 32 - The Institute uses various galleries to facilitate the sale of art. However, the work of art reported on Line 1 is a statue that is not intended for sale but instead will be displayed on the campus. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Governing Body and Management - Form 990, Part VI, Line 3 | Stevens' Board of Trustees delegated to a prominent investment bank the management of Stevens' endowment pursuant to contracts which address the scope of the delegation of authority, monitoring by Stevens' management and the Board, and reporting, among other matters. Form 990 Review - Form 990, Part VI, Line 11B This form 990 was prepared by members of the finance and legal offices of the Institution together with its outside tax and accounting firm specializing in higher education. The form 990 was then presented to the Audit Committee of the Board of Trustees for review and approval. Following this process and any modifications recommended by the Audit Committee, the form 990 was presented to a meeting of the full Board of Trustees of the Institution and approved in accordance with the By-Laws of the Institution. |
| Conflict Of Interest - Form 990, PART VI, LINE 12C | The Institution's conflict of interest policy requires ongoing compliance and self-reporting of conflicts. It also provides for completion of an annual questionnaire by all Trustees, officers and faculty, which questionnaire is reviewed by the Office of Audit, Risk and Compliance and the General Counsel and reported to the Audit Committee of the Board and to the Board of Trustees. Information disclosed in the questionnaires which indicates the possible presence of a conflict is investigated, discussed with relevant personnel and, if necessary, the conflict is eliminated or managed pursuant to a conflict management plan or device supervised by the Chair of the Board of Trustees or the Chair of the Audit Committee, with advice from the Office of Audit, Risk and Compliance and the General Counsel. In addition, conflicts are identified by the officers of the Institution and staff at other levels of the Institution as they arise from time to time and are referred to the Office of Audit, Risk and Compliance and the General Counsel for further analysis and resolution. Certain conflicts relating to research activities may be managed by the Director of the Office of Sponsored Programs, with advice from the Office of Audit, Risk and Compliance and the General Counsel. |
| Compensation - Form 990, PART VI, LINE 15B | All compensation of persons occupying the following positions paid during calendar year 2014 was approved by the Human Resources and Compensation Committee of the Board of Trustees and the full Board of Trustees, in each case acting at meetings duly held, with the exception of faculty members who serve as representatives on the Board of Trustees: President Provost and University Vice President Vice President for Information Technology & CIO Chief Financial Officer and Treasurer Vice President for Communications and Marketing Vice President for Development Vice President for Enrollment Management and Student Affairs Vice President for Facilities and Campus Operations Vice President for Human Resources Vice President, General Counsel and Secretary Chief of Staff Deans Faculty Trustees All such compensation was determined based upon recommendations from the President (except with respect to the President himself and except with respect to the Deans and faculty for whom compensation is recommended by the Provost), and comparative data on peer institutions collected and analyzed by an independent compensation consultant. The Secretary to the Board of Trustees took contemporaneous minutes of each meeting of the Board and the Human Resources and Compensation Committee at which these compensation decisions were made, except with respect to her own compensation. |
| Disclosure - fORM 990, pART vI, lINE 19 | The governing documents of the Institution together with charters for committees of the Board of Trustees, the conflict of interest policy and the financial statements of the Institution are all made available on the Institution's website (www.stevens.edu). In addition, a variety of other documents and materials regarding the Institution and its operations as well as the other policies of the Institution, are also available on the website. |
| Reconciliation of Net Assets - FORM 990, PART XI, LINE 9 | POST-RETIREMENT BENEFIT CHANGES OTHER THAN PERIODIC COSTS $(382,026) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 169,420 Uncollectible Contributions (1,142,874) ----------- TOTAL (1,355,480) =========== |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Castle Point Holdings Inc | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One Castle Point on hudson | AddressLine1Txt |
| City | Hoboken | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07030 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 204264786 | EIN |
| Primary Activities | Tech Transfer | PrimaryActivitiesTxt |
| Legal Domicile State | NJ | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Stevens Instit | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C Corp | EntityTypeTxt |
| Share Of Total Income | -$8,386 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $617,408 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (true) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (true) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Castle Point Holdings Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | D | TransactionTypeTxt |
| Involved | $24,366 | InvolvedAmt |
| Method Of Amount Determination | FMV | MethodOfAmountDeterminationTxt |
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