THE TRUSTEES OF THE STEVENS INSTITUTE OF TECHNOLOGY: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- THE TRUSTEES OF THE STEVENS INSTITUTE OF TECHNOLOGY (EIN 22-1487354)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-13
- IRS object ID
- 201321339349304282
- Schema version
- 2011v1.5
- 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 L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-13T15:50:54-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 666 THIRD AVENUE | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 100174057 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 221487354 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STEVENS INSTITUTE OF TECHNOLOGY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % RANDY GREENE | InCareOfName |
| Name Control | STEV | NameControl |
| Phone | 2012168761 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | CASTLE POINT ON HUDSON | AddressLine1 |
| City | HOBOKEN | City |
| State | NJ | State |
| ZIP Code | 07030 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Randly L Greene | Name |
| Title | VP of Finance/Treasurer | Title |
| Date Signed | 2013-05-13 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2125990100 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Nariman Farvardin | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | CASTLE POINT ON HUDSON | AddressLine1 |
| City | HOBOKEN | City |
| State | NJ | State |
| ZIP Code | 07030 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 300534329 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.STEVENS.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1870 | YearFormation |
| State Legal Domicile | NJ | StateLegalDomicile |
| Activity Or Mission Description | THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE EDUCATIONAL SERVICES TO INDIVIDUALS IN PURSUIT OF AN UNDERGRADUATE, MASTERS AND/OR DOCTORATE DEGREE, AND TO conduct research. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 26 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 18 | NbrIndependentVotingMembers |
| Total Nbr Employees | 3082 | TotalNbrEmployees |
| Total Nbr Volunteers | 350 | TotalNbrVolunteers |
| Total Gross UBI | 113444 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -29288 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 8164727 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 11295493 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 199260504 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 208906156 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 5749725 | InvestmentIncomePriorYear |
| Investment Income Current Year | 3559052 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 2287401 | OtherRevenuePriorYear |
| Other Revenue Current Year | 2656009 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 215462357 | TotalRevenuePriorYear |
| Total Revenue Current Year | 226416710 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 40484009 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 42668734 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 101374821 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 105046962 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 2870121 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 71493490 | OtherExpensePriorYear |
| Other Expenses Current Year | 73489721 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 213352320 | TotalExpensesPriorYear |
| Total Expenses Current Year | 221205417 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2110037 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 5211293 | RevenuesLessExpensesCY |
| Total Assets BOY | 308683840 | TotalAssetsBOY |
| Total Assets EOY | 307906023 | TotalAssetsEOY |
| Total Liabilities BOY | 134031821 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 130570130 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 174652019 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 177335893 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | 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 MASTER'S 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 | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 146824765 | Expense |
| Grants | 42668734 | Grants |
| Revenue | 152321264 | Revenue |
| Description | educational instruction: in the academic year 2011-2012, stevens' enrollment was 2,546 undergraduate students and 3,828 graduate students. 472 students graduated with bachelor of engineering, science or arts degrees, and 1,192 students received master's in Engineering, science, business administration or arts, and 47 Ph.D. 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. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 19793814 | Expense |
| Grants | 0 | Grants |
| Revenue | 22227079 | Revenue |
| Description | 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. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 27708172 | Expense |
| Grants | 0 | Grants |
| Revenue | 34357813 | Revenue |
| Description | RESEARCH: THE RESEARCH ENTERPRISE INCLUDES ACADEMIC RESEARCH, NATIONAL RESEARCH CENTERS, AND CROSS-DISCIPLINARY RESEARCH INITIATIVES, WITH affiliated ORGANIZATIONS AND INFRASTRUCTURE. CREATIVE AND ENTREPRENEURIAL 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. THE FUNDAMENTAL PRINCIPLES GOVERNING THE RESEARCH ENVIRONMENT ARE INNOVATION, CREATIVITY AND ENTREPRENEURSHIP. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 194326751 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | true | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | true | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | true | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | true | ForeignOffice |
| Foreign Activities | true | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | true | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | true | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | true | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | true | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 458 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 3082 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | true | ForeignFinancialAccount |
| Name Of Foreign Country | DR | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 26 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 18 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | RANDY GREENE | NamePerson |
| Telephone Number | 2012168761 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE CASTLE POINT ON HUDSON | AddressLine1 |
| City | HOBOKEN | City |
| State | NJ | State |
| ZIP Code | 07030 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (49 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|
| Lawrence T Babbio Jr | |||||||||
| Trustee/Chairman | 1.0 | X | X | 0 | 0 | ||||
| Anthony Barrese | |||||||||
| Trustee/Assoc. Dean | 1.0 | X | 176767 | 17027 | |||||
| Stephen T Boswell | |||||||||
| trustee/Vice Chairman | 1.0 | X | X | 0 | 0 | ||||
| Thomas A Corcoran | |||||||||
| Trustee/Vice Chairman | 1.0 | X | X | 0 | 0 | ||||
| Philip P Crowley | |||||||||
| Trustee | 1.0 | X | 0 | 0 | |||||
| Martin C Fliesler | |||||||||
| trustee | 1.0 | X | 0 | 0 | |||||
| John Sean J Hanlon IV | |||||||||
| Trustee | 1.0 | X | 0 | 0 | |||||
| Mark LaRosa | |||||||||
| trustee | 1.0 | X | 0 | 0 | |||||
| Richard S Magee | |||||||||
| trustee | 1.0 | X | 35344 | 0 | |||||
| Victoria O'Connor | |||||||||
| Trustee | 1.0 | X | 0 | 0 | |||||
| Hillary Paul | |||||||||
| Trustee | 1.0 | X | 0 | 0 | |||||
| Spyros Polemis | |||||||||
| trustee | 1.0 | X | 0 | 0 | |||||
| Richard R Roscitt | |||||||||
| Trustee/Vice Chairman | 1.0 | X | X | 0 | 0 | ||||
| Virginia P Ruesterholz | |||||||||
| Trustee/Vice Chairman | 1.0 | X | X | 0 | 0 | ||||
| RONALD E SALLUZZO | |||||||||
| trustee | 1.0 | X | 0 | 0 | |||||
| John A Schepisi | |||||||||
| Trustee/Vice Chairman | 1.0 | X | X | 0 | 0 | ||||
| frank j semcer sr | |||||||||
| trustee | 1.0 | X | 0 | 0 | |||||
| Steven Shulman | |||||||||
| Trustee/Vice Chairman | 1.0 | X | X | 0 | 0 | ||||
| Richard F Spanier | |||||||||
| trustee | 1.0 | X | 0 | 0 | |||||
| James M Walsh | |||||||||
| trustee | 1.0 | X | 0 | 0 | |||||
| Joseph J Garvey | |||||||||
| trustee | 1.0 | X | 3500 | 0 | |||||
| Larry B Giannechini | |||||||||
| trustee (student) | 1.0 | X | 1104 | 0 | |||||
| Matthew R Libera | |||||||||
| trustee/Faculty | 1.0 | X | 223369 | 27970 | |||||
| Lisa M Mascolo | |||||||||
| trustee | 1.0 | X | 0 | 0 | |||||
| Sandeep mathrani | |||||||||
| trustee | 1.0 | X | 0 | 0 | |||||
| Thomas H Scholl | |||||||||
| trustee | 1.0 | X | 0 | 0 | |||||
| Kendra L Appleheimer | |||||||||
| trustee | 1.0 | X | 0 | 0 | |||||
| Randy L Greene | |||||||||
| VP of Finance/Treasurer | 60.0 | X | 464882 | 28168 | |||||
| Mary Wheeler | |||||||||
| Assist VP of Fin/Assist Treas | 60.0 | X | 193329 | 28683 | |||||
| Kathy Schulz | |||||||||
| VP/General Counsel/Secretary | 60.0 | X | 298892 | 22525 | |||||
| Diana Colombo | |||||||||
| Exec. Assistant/Assistant Sec | 60.0 | X | 80386 | 19869 | |||||
| Nariman Farvardin | |||||||||
| President (As of 7/1/2011) | 60.0 | X | 317556 | 22525 | |||||
| Elizabeth Sheldon | |||||||||
| Assistant Treasurer beg. oct. | 60.0 | X | 47901 | 4050 | |||||
| Gregory Prastacos | |||||||||
| Dean | 60.0 | X | 0 | 0 | |||||
| George P Korfiatis | |||||||||
| Provost/VP | 60.0 | 669637 | 39092 | X | 0 | ||||
| Henry P Dobbelaar Jr | |||||||||
| Vice President | 60.0 | 264655 | 22506 | X | 0 | ||||
| Maureen P Weatherall | |||||||||
| Vice President | 60.0 | 438776 | 35558 | X | |||||
| Michael S Bruno | |||||||||
| Dean | 60.0 | 368574 | 33205 | X | |||||
| Lisa Dolling | |||||||||
| Dean | 60.0 | 175939 | 14346 | X | |||||
| Charles T koeller | |||||||||
| Dean | 60.0 | 211598 | 25994 | X | |||||
| Dinesh Verma | |||||||||
| Dean | 60.0 | 498975 | 34338 | X | |||||
| Mark Samolewicz | |||||||||
| Vice President | 60.0 | 154678 | 26299 | X | |||||
| Malcolm Kahn | |||||||||
| Vice President | 60.0 | 247849 | 26719 | X | |||||
| Constantin Chassapis | |||||||||
| Deputy Dean | 60.0 | 308681 | 36788 | X | |||||
| Ralph G Giffin III | |||||||||
| Assoc Dean/Assoc Prov | 60.0 | 311247 | 16285 | X | |||||
| Souran Manoochehri | |||||||||
| Prof/Associate Dean | 60.0 | 293089 | 31238 | X | |||||
| Alan F Blumberg | |||||||||
| Professor | 60.0 | 267585 | 25574 | X | |||||
| Donald M Merino | |||||||||
| Professor | 60.0 | 292146 | 15158 | X | |||||
| Harold J Raveche 63010 | |||||||||
| President Former | 526138 | 0 | X | ||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 6872597 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 553917 | TotalOtherCompensation |
| Number Individuals GT100 K | 227 | NumberIndividualsGT100K |
| Formers Listed | true | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| SODEXo OPERATIONS | |||||
| PO Box 360170 | PITTSBURGH | PA | 152516170 | FOOD SRVC MANAGEMENT | 8050390 |
| gca service group | |||||
| po box 643823 | PITTSBURGH | PA | 15264 | MAINTENANCE | 1635509 |
| Hewlett Packard Financial | |||||
| PO Box 402582 | ATLANTA | GA | 30384 | FINANCIAL | 907562 |
| Donnelly Construction | |||||
| 557 Route 23 South | WAYNE | NJ | 07470 | construction | 3565631 |
| The RSmart Group Inc | |||||
| 1375 N Scottsdale Road | SCOTTSDALE | AZ | 85257 | consulting | 878633 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 84 | NumberOfContractorsGT100K |
| Fundraising Events | 76367 | FundraisingEvents |
| All Other Contributions | 11219126 | AllOtherContributions |
| Noncash Contributions | 538730 | NoncashContributions |
| Total Contributions | 11295493 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION & FEES | 611600 | 152321264 | 152321264 |
| RESEARCH REVENUES | 541700 | 34357813 | 34357813 |
| ROOM AND BOARD | 611710 | 14264582 | 14264582 |
| STUDENT DINING | 611710 | 7962497 | 7962497 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 208906156 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1540189 | TotalRevenueColumn |
| Unrelated Business Revenue | -21812 | UnrelatedBusinessRevenue |
| Exclusion | $1,562,001 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 356761 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 356761 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 356761 | TotalRevenueColumn |
| Unrelated Business Revenue | 57915 | UnrelatedBusinessRevenue |
| Exclusion | $298,846 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 74942543 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 72923680 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2018863 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2018863 | TotalRevenueColumn |
| Exclusion | $2,018,863 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 34872 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 76367 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 35373 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -501 | TotalRevenueColumn |
| Exclusion | -$501 | ExclusionAmount |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 1451913 | GrossSalesOfInventory |
| Cost Of Goods Sold | 1158566 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 293347 | TotalRevenueColumn |
| Unrelated Business Revenue | 4006 | UnrelatedBusinessRevenue |
| Exclusion | $289,341 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|---|
| TECHNICAL LEADERSHIP INSTITUTE | 611710 | 131722 | 131722 | ||
| DINING SERVICES | 722210 | 165343 | $165,343 | ||
| ACQUATICS/REC CENTER FEES | 713940 | 249717 | $176,382 | 73335 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1459620 | TotalRevenueColumn |
| Exclusion | $1,459,620 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 2006402 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 226416710 | TotalRevenueColumn |
| Related Or Exempt Function Income | 209037878 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 113444 | UnrelatedBusinessRevenue |
| Exclusion | $5,969,895 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 42668734 | Total |
| Program Services | 42668734 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9148877 | Total |
| Program Services | 5546964 | ProgramServices |
| Management And General | 3164597 | ManagementAndGeneral |
| Fundraising | 437316 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 79291688 | Total |
| Program Services | 70728017 | ProgramServices |
| Management And General | 7466725 | ManagementAndGeneral |
| Fundraising | 1096946 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3274120 | Total |
| Program Services | 2798400 | ProgramServices |
| Management And General | 390045 | ManagementAndGeneral |
| Fundraising | 85675 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8479039 | Total |
| Program Services | 7247059 | ProgramServices |
| Management And General | 1010106 | ManagementAndGeneral |
| Fundraising | 221874 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4853238 | Total |
| Program Services | 4148076 | ProgramServices |
| Management And General | 578165 | ManagementAndGeneral |
| Fundraising | 126997 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 732792 | Total |
| Program Services | 313366 | ProgramServices |
| Management And General | 419426 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 683223 | Total |
| Management And General | 683223 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 210500 | Total |
| Management And General | 210500 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2123585 | Total |
| Management And General | 2123585 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8436337 | Total |
| Program Services | 4512004 | ProgramServices |
| Management And General | 3810121 | ManagementAndGeneral |
| Fundraising | 114212 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 778911 | Total |
| Program Services | 447157 | ProgramServices |
| Management And General | 331754 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6727474 | Total |
| Program Services | 5432698 | ProgramServices |
| Management And General | 761221 | ManagementAndGeneral |
| Fundraising | 533555 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1679555 | Total |
| Program Services | 1404536 | ProgramServices |
| Management And General | 211578 | ManagementAndGeneral |
| Fundraising | 63441 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9464041 | Total |
| Program Services | 9411455 | ProgramServices |
| Management And General | 45828 | ManagementAndGeneral |
| Fundraising | 6758 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2465710 | Total |
| Program Services | 2191723 | ProgramServices |
| Management And General | 132556 | ManagementAndGeneral |
| Fundraising | 141431 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 122650 | Total |
| Program Services | 83042 | ProgramServices |
| Management And General | 38208 | ManagementAndGeneral |
| Fundraising | 1400 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4048587 | Total |
| Program Services | 3898927 | ProgramServices |
| Management And General | 149660 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8232987 | Total |
| Program Services | 7546832 | ProgramServices |
| Management And General | 686155 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 979127 | Total |
| Program Services | 881214 | ProgramServices |
| Management And General | 97913 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| REPAIRS & MAINTENANCE | 6875416 | 5956833 | 918583 | |
| RESEARCH CONTRACTS | 16022013 | 16022013 | ||
| EQUIPMENT RENTAL | 1146842 | 923454 | 214784 | 8604 |
| LABORATORY SUPPLIES | 2148788 | 2144947 | 3841 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 611183 | Total |
| Program Services | 19300 | ProgramServices |
| Management And General | 559971 | ManagementAndGeneral |
| Fundraising | 31912 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 221205417 | Total |
| Program Services | 194326751 | ProgramServices |
| Management And General | 24008545 | ManagementAndGeneral |
| Fundraising | 2870121 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 43950 | BOY |
| EOY | 54585 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20248554 | BOY |
| EOY | 17963668 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4082187 | BOY |
| EOY | 8309162 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26016278 | BOY |
| EOY | 26324728 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 594081 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 296938 | BOY |
| EOY | 302624 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 876426 | BOY |
| EOY | 1447855 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 240109217 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 112205608 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 130393084 | BOY |
| EOY | 127903609 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 64693344 | BOY |
| EOY | 65806447 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 53279701 | BOY |
| EOY | 52688229 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8159297 | BOY |
| EOY | 7105116 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 308683840 | BOY |
| EOY | 307906023 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15063549 | BOY |
| EOY | 13309069 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7039528 | BOY |
| EOY | 6212618 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 78542758 | BOY |
| EOY | 77988160 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15033792 | BOY |
| EOY | 12760415 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18352194 | BOY |
| EOY | 20299868 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 134031821 | BOY |
| EOY | 130570130 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22562878 | BOY |
| EOY | 22779457 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44458950 | BOY |
| EOY | 44641385 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 107630191 | BOY |
| EOY | 109915051 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 174652019 | BOY |
| EOY | 177335893 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 308683840 | BOY |
| EOY | 307906023 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 5211293 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -2527419 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbying | |
| Total Direct Lobbying | TotalDirectLobbying | |
| Total Lobbying Expenditures | TotalLobbyingExpenditures | |
| Other Exempt Purpose Expenditures | OtherExemptPurposeExpenditures | |
| Total Exempt Purpose Expenditures | TotalExemptPurposeExpenditures | |
| Lobbying Nontaxable | LobbyingNontaxableAmount | |
| Grassroots Nontaxable | GrassrootsNontaxableAmount | |
| Tot Lobbying Grassroot Minus Non Tx | TotLobbyingGrassrootMinusNonTx | |
| Tot Lobby Expend Mns Lobbying Nontx | TotLobbyExpendMnsLobbyingNontx | |
| Volunteers | false | Volunteers |
| Paid Staff Or Management | true | PaidStaffOrManagement |
| Media Advertisements | false | MediaAdvertisements |
| Mailings Members | false | MailingsMembers |
| Publications Or Broadcast | false | PublicationsOrBroadcast |
| Grants Other Organizations | false | GrantsOtherOrganizations |
| Direct Contact Legislators | true | DirectContactLegislators |
| Direct Contact Legislators | $210,500 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | false | RalliesDemonstrations |
| Other Activities | false | OtherActivities |
| Total Lobbying Expenditures IIB | 210500 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | false | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Schedule C, Part II-B, Line g | Identifier |
| Explanation | THE STEVENS INSTITUTE OF TECHNOLOGY DOES NOT DIRECTLY ENGAGE IN ANY LOBBYING ACTIVITIES; THE INSTITUTE HIRED VARIOUS OUTSIDE CONSULTANTS TO UNDERTAKE LOBBYING ACTIVITIES ON ITS BEHALF. | Explanation |
Schedule D IRS990ScheduleD
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets In Part X | 316405 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Solicited Assets For Sale | false | SolicitedAssetsForSale |
| Included On FS | false | IncludedOnFS |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 144100616 | BeginningOfYearBalance |
| Contributions | 2197390 | Contributions |
| Investment Earnings Or Losses | 1391552 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 6272559 | GrantsOrScholarships |
| End Of Year Balance | 141416999 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 134214252 | BeginningOfYearBalance |
| Contributions | 335365 | Contributions |
| Investment Earnings Or Losses | 14682338 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 5131339 | GrantsOrScholarships |
| End Of Year Balance | 144100616 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 129122256 | BeginningOfYearBalance |
| Contributions | 742425 | Contributions |
| Investment Earnings Or Losses | 8926018 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 4576447 | GrantsOrScholarships |
| End Of Year Balance | 134214252 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 155485695 | BeginningOfYearBalance |
| Contributions | 788435 | Contributions |
| Investment Earnings Or Losses | -24764095 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 2387779 | GrantsOrScholarships |
| End Of Year Balance | 129122256 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.06000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.94000 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | true | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1763196 | OtherCostOrOtherBasis |
| Book Value | 1763196 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 209273837 | OtherCostOrOtherBasis |
| Depreciation | 96158664 | Depreciation |
| Book Value | 113115174 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 26346553 | OtherCostOrOtherBasis |
| Depreciation | 16046944 | Depreciation |
| Book Value | 10299608 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2725631 | OtherCostOrOtherBasis |
| Book Value | 2725631 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 127903609 | TotalOfBookValueLandBuildings |
| Financial Derivatives | FinancialDerivatives | |
| Closely Held Equity Interests | CloselyHeldEquityInterests |
Other Securities OtherSecurities (5 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| ALTERNATIVE INVESTMENTS | 24599528 | F |
| TRUSTS HELD BY OTHERS | 3130891 | F |
| SPLIT INTEREST AGREEMENTS | 3362423 | F |
| OTHER | 243152 | F |
| PRIVATE EQUITY | 21352235 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 52688229 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ACCRUED POSTRETIREMENT BENEFIT | $6,756,337 |
| ANNUITIES PAYABLE | $2,040,117 |
| CONDITIONAL ASSET RETIREMENT | $6,372,358 |
| REFUNDABLE ADVANCES | $5,131,056 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 20299868 | TotalOfAmounts |
| Total Revenue | 226416710 | TotalRevenue |
| Total Expenses | 221205417 | TotalExpenses |
| Excess Or Deficit For Year | 5211293 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -170176 | NetUnrealizedGLOnInvestments |
| Other | -$2,357,243 | OtherAmount |
| Total Adjustments | -2527419 | TotalAdjustments |
| Excess Or Deficit Per FS | 2683874 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 182208878 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -170176 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | -170176 | RevenueNotRptdF990 |
| Revenue Subtotal | 182379054 | RevenueSubtotal |
| Investment Expenses Not Included | 2123585 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 41914071 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 44037656 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 226416710 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 177167761 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 754663 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 754663 | ExpensesNotRptdF990 |
| Expenses Subtotal | 176413098 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 2123585 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 42668734 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 44792319 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 221205417 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| COLLECTIONS OF ART, HISTORICAL TREASURES, OR OTHER SIMILAR ASSETS | FORM 990, SCHEDULE D, PART III | LINE 4 - 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 Institute adopted ASC 740-10 as of July 1, 2007. ASC 740-10 clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This section provides that the tax effects from an uncertain tax position can be recognized in the financial statements only if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. The Institute 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 Institute believes there are no uncertain tax positions. Therefore, the adoption of ASC 740-10 did not have any impact on the Institute's financial statements. |
| RECONCILIATION OF CHANGE IN NET ASSETS | FORM 990, SCHEDULE D, PART XI, LINE 8 | Post-retirement benefit changes other than periodic costs $(2,467,455) Change in value of split interest agreements 124,432 Allowance for uncollectible contributions (14,220) ----------- Total $(2,357,243) =========== |
| OTHER REVENUE INCLUDED ON RETURN BUT NOT ON BOOKS | FORM 990, SCHEDULE D, PART XII, LINE 4b | SCHOLARSHIPS NET ON Financial statements reclassed to expenses (Part IX, Line 2) $42,668,734 Book store costs of goods sold, net of interdepartment sales, included in expenses on financial statements $(754,663) ----------- Total $41,914,071 =========== |
| OTHER EXPENSES INCLUDED ON RETURN BUT NOT ON BOOKS | FORM 990, SCHEDULE D, PART XIII, LINE 2d | Book store costs of goods sold, net of interdepartment sales, included in expenses on financial statements $(754,663) ========= FORM 990, SCHEDULE D, PART XIII, LINE 4b SCHOLARSHIPS NETTED AGAINST REVENUE ON Financial statements reclassed to expenses (Part IX, Line 2) $42,668,734 =========== |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Part I, Line 3 | The Stevens Institute of Technology nondiscriminatory policy is distributed annually as well as printed in student materials and on its website. |
| Part I, Line 6a | Stevens Institute of Technology receives funding from various governmental sources including, but not limited to, Pell, Academic competitiveness grant, National Smart, Perkins, and FSEOG. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | true | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable (4 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| Central America and the Caribbean | 1 | 2 | Program Services | GRADUATE EDUCATION | 132149 |
| East Asia and the Pacific | 0 | 0 | Program Services | Continuing education | 323859 |
| South Asia | 0 | 1 | Program Services | academic recruiting | 10000 |
| Central America and the Caribbean | 0 | 0 | Investments | 30743165 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 1 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 3 | SubtotalNumberOfEmployees |
| Total Number Of Offices | 1 | TotalNumberOfOffices |
| Total Number Of Employees | 3 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 31209173 | SubtotalAmountSpent |
| Total Amount Spent | 31209173 | TotalAmountSpent |
| Transfer To Foreign Corp | true | TransferToForeignCorp |
| Interest In Foreign Trust | false | InterestInForeignTrust |
| Own Foreign Corp | true | OwnForeignCorp |
| Passive Foreign Invest Co | true | PassiveForeignInvestCo |
| Foreign Partnership | true | ForeignPartnership |
| Boycott Countries | false | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Form 990, Schedule F, Part IV, Lines 1, 4 & 5 | Identifier |
| 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. Nevertheless, Stevens Institute of Technology's investment in these partnerships may not have reached the thresholds required for filing the Forms 926, 8621 or 8865. | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | golf outing | NameOfEvent1 |
| Gross Receipts Event1 | 96604 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 68104 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 28500 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 26063 | RentFacilityCostsEvent1 |
| Other Direct Expenses Event1 | 1310 | OtherDirectExpensesEvent1 |
| Name Of Event2 | wine tasting | NameOfEvent2 |
| Gross Receipts Event2 | 14635 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 8263 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 6372 | GrossRevenueEvent2 |
| Rent Facility Costs Event2 | 8000 | RentFacilityCostsEvent2 |
| Total Number Of Other Events | 0 | TotalNumberOfOtherEvents |
| Gross Receipts Total | 111239 | GrossReceiptsTotal |
| Charitable Contributions Total | 76367 | CharitableContributionsTotal |
| Gross Revenue Total Events | 34872 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 34063 | RentFacilityCostsTotalEvents |
| Other Direct Expenses Total Events | 1310 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 35373 | DirectExpenseSummaryEvents |
| Net Income Summary | -501 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS AND GRANTS | TypeOfGrant |
| Number Of Recipients | 2701 | NumberOfRecipients |
| Amount Of Cash Grant | 42668734 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | GRANTS AND OTHER ASSISTANCE IN THE U.S. | Identifier |
| Return Reference | FORM 990, SCHEDULE I, PART I, LINE 2 | ReturnReference |
| 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Travel For Companions | X | TravelForCompanions |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | true | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | true | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (21 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Bonus Filing OrgBonusFilingOrg | Other Compensation Filing OrgOtherCompensationFilingOrg | Deferred Comp Filing OrgDeferredCompFilingOrg | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Total Compensation Filing OrgTotalCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Anthony Barrese | ||||||||||||
| 176767 | 0 | 0 | 17027 | 0 | 193794 | |||||||
| Matthew R Libera | ||||||||||||
| 223369 | 0 | 0 | 13232 | 14738 | 251339 | |||||||
| Randy L Greene | ||||||||||||
| 464882 | 0 | 0 | 23275 | 4893 | 493050 | |||||||
| Mary Wheeler | ||||||||||||
| 188329 | 5000 | 0 | 17528 | 11155 | 222012 | |||||||
| Kathy Schulz | ||||||||||||
| 298892 | 0 | 0 | 19600 | 2925 | 321417 | |||||||
| Nariman Farvardin | ||||||||||||
| 317556 | 0 | 0 | 19600 | 2925 | 340081 | |||||||
| George P Korfiatis | ||||||||||||
| 505717 | 150000 | 13920 | 22050 | 17042 | 708729 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Henry P Dobbelaar Jr | ||||||||||||
| 264655 | 0 | 0 | 22506 | 0 | 287161 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Maureen P Weatherall | ||||||||||||
| 388776 | 50000 | 0 | 22050 | 13508 | 474334 | |||||||
| Michael S Bruno | ||||||||||||
| 368574 | 0 | 0 | 22050 | 11155 | 401779 | |||||||
| Lisa Dolling | ||||||||||||
| 175939 | 0 | 0 | 14346 | 0 | 190285 | |||||||
| Charles T koeller | ||||||||||||
| 211598 | 0 | 0 | 21420 | 4574 | 237592 | |||||||
| Dinesh Verma | ||||||||||||
| 498975 | 0 | 0 | 19600 | 14738 | 533313 | |||||||
| Mark Samolewicz | ||||||||||||
| 154678 | 0 | 0 | 14546 | 11753 | 180977 | |||||||
| Constantin Chassapis | ||||||||||||
| 305181 | 3500 | 22050 | 14738 | 345469 | ||||||||
| Ralph G Giffin III | ||||||||||||
| 311247 | 0 | 16285 | 0 | 327532 | ||||||||
| Souran Manoochehri | ||||||||||||
| 293089 | 0 | 0 | 16538 | 14700 | 324327 | |||||||
| Alan F Blumberg | ||||||||||||
| 265585 | 2000 | 0 | 20299 | 5275 | 293159 | |||||||
| Donald M Merino | ||||||||||||
| 292146 | 0 | 0 | 15158 | 0 | 307304 | |||||||
| Harold J Raveche 63010 | ||||||||||||
| 0 | 0 | 526138 | 0 | 0 | 526138 | 0 | ||||||
| Malcolm Kahn | ||||||||||||
| 247849 | 0 | 0 | 18375 | 8344 | 274568 | |||||||
Form990 Schedule J Part III Form990ScheduleJPartIII (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| COMPENSATION INFORMATION | FORM 990, SCHEDULE J, 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. 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. |
| Schedule J, Part I, Line 7 | incentive compensation | the stevens incentive compensation plan provides a mechanism to reward faculty, administrative leaders, and key staff for extraordinary performance over a period of one academic year. 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 extra ordinary 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 this 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 performances metrics (performance measures) for the executive leaders and will review with the president the process for determining the metrics for each other group or sub-group of employees. the metrics must be defined by the institutional performance metrics and the institutional core and strategic objectives. |
| Schedule J, Part II | Compensation of Former President: | Dr. Ravech served 22 years as Stevens' President, ending on June 30, 2010. All of the elements of his compensation reported in the 2011 IRS Form 990 relate to long-standing contractual obligations. His calendar year 2011 contracted compensation consisted of: severance, consulting payments and other contractual benefits. As part of the retirement arrangements, Dr. Ravech repaid the university on 10/31/2011 in full for all outstanding loans previously made to him. The compensation amounts for Dr. Raveche reported on 2011 IRS Form 990 consist of the following: 320,000 CONTRACTUAL SEVERANCE 197,697 CONSULTING PAYMENTS 8,441 OTHER MISCELLANEOUS PAYMENTS ----------- $526,138 TOTAL COMPENSATION AS REPORTED ON 2011 FORM 990 =========== |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| NJ EDU FAC AUTH STEVENS ISSUE 2007 | |||||||
| 221829511 | 646065lp5 | 2007-08-02 | 71633268 | REFUNDING OF PRIOR ISSUES | false | false | false |
| NJ EDU FAC AUTH CAPITAL IMP 2005 A | |||||||
| 221829511 | 60605LWWX | 2005-08-10 | 792706 | REFUNDING OF PRIOR ISSUES | false | false | false |
| NJ EDU FAC AUTH CAPITAL IMP 2006 a | |||||||
| 221829511 | 64605LZ43 | 2006-10-26 | 133640 | REFUNDING OF PRIOR ISSUES | false | false | false |
| NJ EDU FAC AUTH DORM SAFETY 2003 A | |||||||
| 221829511 | 64605NBU7 | 2004-01-15 | 244207 | FINANCE DORM SAFETY IMPROVEMENT | false | false | false |
Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)
| Amount RetiredAmountRetired | Amount Bond DefeasedAmountBondDefeased | Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Capitalized InterestCapitalizedInterest | Refunding EscrowRefundingEscrow | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Credit EnhancementCreditEnhancement | Working Capital ExpendituresWorkingCapitalExpenditures | Capital ExpendituresCapitalExpenditures | Other Spent ProceedsOtherSpentProceeds | Amount UnspentAmountUnspent | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 85725356 | 5782758 | 0 | 66517119 | 1535969 | 0 | 0 | 0 | 0 | 0 | 2009 | false | true | true | true |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | false | false | true | true | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | false | false | true | true | |
| 138500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | false | false | true | true |
Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|
| false | false | false | false | 0.00000 | 0.00000 | 0.00000 | true |
| false | false | false | false | 0 | true | ||
| false | false | false | false | 0 | true | ||
| false | false | false | false | 0 | true |
Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Business Name Line1NameOfGICProvider/BusinessNameLine1 | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|---|
| 0 | ||||||
| false | false | false | false | 0 | false | false |
| 0 | ||||||
| false | false | false | false | 0 | false | false |
| 0 | ||||||
| false | false | false | false | 0 | false | false |
| 0 | ||||||
| false | false | false | false | 0 | false | false |
Schedule L IRS990ScheduleL
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 0 | TotalBalanceDue |
Form990 Schedule L Part IV Form990ScheduleLPartIV (3 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| Lawrence T Babbio Jr | |||
| Chairman of the Board | 1607954 | See Schedule L, Part V | false |
| Virginia P Ruesterholz | |||
| V. Chairman of the board | 451431 | See Schedule L, Part V | false |
| Ronald E Salluzzo | |||
| Board Trustee | 223828 | See Schedule L, Part V | false |
Form990 Schedule L Part V Form990ScheduleLPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Schedule L, Part IV | Identifier |
| Return Reference | Lines 1, 2, and 3 | ReturnReference |
| Explanation | Chairman of the Board, Lawrence Babbio, also sits on the Board of Directors of Hewlett-Packard Company. The Institute conducts business with Hewlett Packard Company and with Hewlett Packard Financial Services (total fees of $1,607,954). Board of Trustees Member, Virginia Ruesterholz, is the President of Verizon Services Operation. The Institute conducts business with Verizon Wireless, Verizon Select Services, and various other Verizon companies (total fees of $451,431). Board of Trustees member, Ronald E. Salluzzo, is a partner at Attain, LLC. The University conducts business with attainn, llc (total fees of $223,828). | Explanation |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArt | |
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest | |
| Books And Publications | BooksAndPublications | |
| Clothing And Household Goods | ClothingAndHouseholdGoods | |
| Cars And Other Vehicles | CarsAndOtherVehicles | |
| Boats And Planes | BoatsAndPlanes | |
| Intellectual Property | IntellectualProperty |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 28 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 390661 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStock | |
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther | |
| Real Estate Residential | RealEstateResidential | |
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther | |
| Collectibles | Collectibles | |
| Food Inventory | FoodInventory | |
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | MISC. EQUIPMENT | Description |
| Number Of Contributions | 20 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 148069 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | true | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | NONCASH CONTRIBUTIONS | Identifier |
| Return Reference | FORM 990, SCHEDULE M, PART I | ReturnReference |
| 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. Line 32 - the Institute uses various galleries to facilitate the sale of art. No art was sold in Fiscal Year 2012. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| 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 and approved in accordance with the By-Laws of the institution. | |
| 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 compliance and internal audit 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 office of audit, risk and compliance and the general counsel for further analysis and resolution. certain conflicts relating solely to research activities may be managed by the director of the office sponsored programs, with advice from the office of audit, risk and compliance and the general counsel. | |
| Form 990, Part VI, Line 15B | the total compensation of the persons occupying the following positions and any recommended adjustments were reviewed by the human resources and compensation committee of the board of trustees, in the fall of 2011, based on recommendations from the president (except with respect to the president himself), together with comparative data from peer institutions collected and analyzed by an independent compensation consultant to the institution, and then proposed by such committee to the full board of trustees for approval: president provost and university vice president (interim president) deans vice president for facilities and community affairs chief administrative officer chief financial officer and treasurer vice president for development vice president for enterprise development vice president for the research enterprise vice president, gerenal counsel and secretary vice president for human resources assistant secretary grants and contracts specialist (related) associate provost for graduate enterprise and professor deputy dean and department director (engineering) faculty trustee, associate dean and chief of staff (systems) the secretary of the board of trustees took contemporaneous minutes of the meetings at which these decisions were made by the human resources and compensation committee and the board of trustees. | |
| 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 institutions 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 available on the website. | |
| Form 990, Part XI, Line 5 | Net unrealized gains (losses) on investments $(170,176) Post-retirement benefit changes other than periodic costs (2,467,455) Change in value of split interest agreements 124,432 Allowance for uncollectible contributions (14,220) ----------- Total $(2,527,419) =========== | Other changes in net assets or fund balances |
| Schedule K, Part I | 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 Institute. 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. Proceeds of Bond Issue D 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. | Supplemental Information |
| Schedule K, Part II | 1. Bond Issue A - As described above, these bonds advance refunded three prior issues. The $85,725,356.30 shown on Line 1 is the total of the par amount, the original issue discount, the amount held in escrow funds for the refunded bonds applied to the refunding and gross earnings of $8,747,827.89 on all funds as reported in the interim rebate report for these bonds as of June 30, 2011 (the "rebate report"). The $5,782,757.88 is the amount reported as the balance remaining in the debt reserve fund in the rebate report. The original deposit was $5,772,781.26. The $66,517,119.10 in Line 3 is the total balance remaining in the escrow funds for the refunded bonds reported in the rebate report. The issuance costs in Line 5 includes underwriters' discount. 2. Bond Issues B, C, & D - As described in the supplemental information to Part I, these three bond issues were issued by the New Jersey Educational Facilities Authority under state legislative programs intended to provide financial assistance to a large number of colleges and universities in New Jersey. Stevens Institute received grants under these programs but was only 1 of 11 or 12 institutions that received money from each issue. Each of these issues were sold on the credit of the State of New Jersey which pays debt service from state appropriations. The Institute is reporting the amounts it received but does not have the complete information that the Authority, as issuer, has. | Supplemental Information |
Schedule R IRS990ScheduleR
Form990 Schedule R Part IV Form990ScheduleRPartIV (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Type Of EntityTypeOfEntity | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Percentage OwnershipPercentageOwnership |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RAVENSWOOD CORPORATION | |||||||||||
| ONE CASTLE POINT ON HUDSON | HOBOKEN | NJ | 07030 | 221854071 | real estate | NJ | stevens inst | C CORP | 356761 | 1933908 | 1.00000 |
| CASTLE POINT HOLDINGS INC | |||||||||||
| ONE CASTLE POINT ON HUDSON | HOBOKEN | NJ | 07030 | 204264786 | tech transfer | NJ | stevens inst | C CORP | 598341 | 1.00000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | true | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | true | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | true | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| RAVENSWOOD CORPORATION | ||
| e, k | 86899 | FMV |
| CASTLE POINT HOLDINGS inc | ||
| d, k | 44562 | FMV |
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