2021-04-15T19:41:33-05:00 2020-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2019-07-01 221487354 STEVENS INSTITUTE OF TECHNOLOGY % LOUIS MAYER EDD STEV 2012168761 One Castle Point on Hudson Hoboken NJ 07030 LOUIS MAYER CFO, VP FIN, TREASUR 2012165000 2021-04-15 true PHILLIP GROFF P01247783 2127589700 2021-04-01 2019 2022-09-23 18:48:47Z LOUIS MAYER One Castle Point on Hudson Hoboken NJ 07030 448665261 false X www.stevens.edu X 1870 NJ THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE EDUCATIONAL SERVICES TO INDIVIDUALS IN PURSUIT OF UNDERGRADUATE, MASTERS AND DOCTORATE DEGREES AND TO CONDUCT RESEARCH. 30 28 3665 589 16868 13175213 12292442 328790996 350778342 8571520 16645326 2993445 3206652 353531174 382922762 83453306 93803324 0 0 149311629 162158746 133040 141375 4863681 92427998 98207515 325325973 354310960 28205201 28611802 610769155 845203088 202832286 411561037 407936869 433642051 X STEVENS INSTITUTE OF TECHNOLOGY WAS FOUNDED IN 1870. THE UNIVERSITY 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 UNIVERSITY. THE MISSION OF THE UNIVERSITY 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 WOR false false 249075570 93803324 290726041 Educational Instruction: In the academic year 2019-2020, Stevens' enrollment was 3,659 undergraduate students and 3,900 graduate students. 724 students graduated with bachelor of engineering, science or arts degrees, 1,344 students received master's in engineering, science, business administration or arts. 54 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. 32212163 25357982 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. 32527939 37245239 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. 313815672 true true false true false false false true false true true true false true true true false true true true true false false true false false false false true true true false false false false false false false false false false true false false false false true true false false false true 7686 0 true 3665 true true true false false false false false false false false false true false X 30 28 false true true false false false false true true false false true true true true true true true true false MD MA MI NH NC OR PA SC X X LOUIS MAYER EDD 2012168761 5 MARINE VIEW PLAZA SUITE 501 Hoboken NJ 07030 X Nariman Farvardin President/Trustee 55.0 0.0 X X 1593296 0 28141 Christophe Pierre Provost 55.0 0.0 X 567493 0 43581 Gregory Prastacos Dean 55.0 0.0 X 434178 0 52256 Louis J Mayer VP of Finance/Treasurer,CFO 55.0 0.0 X 423386 0 52256 Kathy L Schulz VP & General Counsel/Secretary 55.0 0.0 X 419779 0 33316 Constantin Chassapis Vice Provost 55.0 0.0 X 370233 0 46366 Dinesh Verma Professor/Exec Dir 55.0 0.0 X 352431 0 49456 George Korfiatis Professor 55.0 0.0 X 351476 0 46366 Jean Zu Dean 55.0 0.0 X 341380 0 33316 Hady Salloum Professor 55.0 0.0 X 324901 0 47079 Muhammad Hajj Chair/Professor 55.0 0.0 X 325893 0 43566 Yehia Massoud Dean 55.0 0.0 X 314228 0 47856 David Dodd VP INFO TECH/CIO to 12/31/19 55.0 0.0 X 313002 0 46366 Robert Maffia VP for Facilities/Operations 55.0 0.0 X 303044 0 50760 MaryBeth Murphy VP for Enrollmt/Student Affair 55.0 0.0 X 309193 0 36116 Mohammad Dehghani Vice Provost to 7/31/19 55.0 0.0 X 284168 0 29559 Anthony Barrese Former Key Employee 55.0 0.0 X 272404 0 39660 Dilhan Kalyon Int. Vice Prov as of 8/12/19 55.0 0.0 X 254360 0 42491 Warren Petty VP for Human Resources 55.0 0.0 X 266012 0 22388 Michael zur Muehlen Trustee/Professor to 2/15/20 55.0 0.0 X 242793 0 37980 Joseph E Cassidy AVP Finance/Asst Treas 55.0 0.0 X 249453 0 22476 Elizabeth Shelton AVP for Invest/Asst Treasurer 55.0 0.0 X 206654 0 32539 Keith G Sheppard Trustee/Professor to 11/21/19 55.0 0.0 X 208745 0 28582 Jennifer McDonough VP for Development to 7/12/19 55.0 0.0 X 187245 0 19898 Dawn Da Silva AVP Dev/Alum 7/12/19 - 5/8/20 55.0 0.0 X 187012 0 14538 William Remington FORMER KEY EMPLOYEE 55.0 0.0 X 197986 0 1816 Michael Parente Int. VP Info Tech as of 1/1/20 55.0 0.0 X 180789 0 12741 Yi Guo Trustee/Prof. as of 3/26/20 55.0 0.0 X 158572 0 21394 ToniAnn Biondolillo Asst. Sec/Exec. Asst. 55.0 0.0 X 85644 0 15418 Kaitlin Gili Trustee as of 6/26/20 1.0 0.0 X 8590 0 0 Cristian Collado Trustee 1.0 0.0 X 3850 0 0 Stephen T Boswell Chairman/Trustee 3.0 0.0 X X 0 0 0 Thomas A Corcoran Vice Chairman/Trustee 1.0 0.0 X X 0 0 0 Richard R Roscitt Vice Chairman/Trustee 1.0 0.0 X X 0 0 0 John A Schepisi Vice Chairman/Trustee 1.0 0.0 X X 0 0 0 Saleel V Awsare Trustee 1.0 0.0 X 0 0 0 Lawrence T Babbio Jr Trustee 1.0 0.0 X 0 0 0 Philip P Crowley Trustee 1.0 0.0 X 0 0 0 John R Dearborn Trustee 1.0 0.0 X 0 0 0 Joseph Del Guercio Trustee 1.0 0.0 X 0 0 0 William W Destler Trustee 1.0 0.0 X 0 0 0 Joseph G DiPompeo Trustee 1.0 0.0 X 0 0 0 Emilio A Fernandez Trustee 1.0 0.0 X 0 0 0 John Sean J Hanlon IV Trustee 1.0 0.0 X 0 0 0 Matthew B Hunt Trustee to 9/1/19 1.0 0.0 X 0 0 0 Daniella M Kranjac Trustee to 12/11/19 1.0 0.0 X 0 0 0 A Michael Lipper Trustee as of 10/15/19 1.0 0.0 X 0 0 0 Lisa M Mascolo Trustee 1.0 0.0 X 0 0 0 Thomas Nathanson Trustee as of 6/26/20 1.0 0.0 X 0 0 0 Elizabeth C Pallone Trustee 1.0 0.0 X 0 0 0 Samuel P Reckford Trustee 1.0 0.0 X 0 0 0 Annmarie Rizzo Trustee 1.0 0.0 X 0 0 0 Virginia P Ruesterholz Trustee 1.0 0.0 X 0 0 0 Ronald E Salluzzo Trustee 1.0 0.0 X 0 0 0 Thomas H Scholl Trustee 1.0 0.0 X 0 0 0 Olivia Schreiber Trustee to 6/26/20 1.0 0.0 X 0 0 0 Frank J Semcer Trustee 1.0 0.0 X 0 0 0 Louis A Steinberg Trustee as of 12/11/19 1.0 0.0 X 0 0 0 J Scott Swensen Trustee 1.0 0.0 X 0 0 0 Victoria Velasco Trustee 1.0 0.0 X 0 0 0 9102759 0 946908 339 true true false TISHMAN CONSTRUCTION 30 Knightsbridge Road Bldg 5 ND FL PISCATAWAY NJ 08854 CONSTRUCTION 47220331 GILBANE BUILDING COMPANY 7 Jackson Walkway PROVIDENCE RI 02903 CONSTRUCTION 15859061 COMPASS GROUP USA 417632 2400 YORKMONT RD CHARLOTTE NC 28217 FOOD SERVICE 6866878 CLEAN EARTH INC 334 South Warminster Road HATBORO PA 19040 SPEC. WASTE SERVICES 3890658 FRANKOSKI CONSTRUCTION CO INC 314 Dodd St EAST ORANGE NJ 07017 CONSTRUCTION 3550003 155 9900 2646614 9635928 464990 12292442 TUITION & FEES 611600 289223137 289223137 RESEARCH REVENUE 541610 37245239 37245239 STUDENT HOUSING 611710 16042577 16042577 STUDENT DINING 611710 7459090 7459090 TECHNICAL LEADERSHIP & ENTREPRENEURSHIP 611600 711494 711494 96805 96805 350778342 7472404 -33940 7506344 0 119552 119552 599 599 0 599 599 66640421 8275000 65742499 897922 8275000 9172922 9172922 0 9900 0 0 0 0 0 0 0 0 DINING SERVICES CONTRACT 900099 663814 663814 STUDENT ORGANIZATIONS/CLUBS 900099 449000 449000 PARKING 812930 358437 107664 250773 1615250 1330442 50808 234000 3086501 382922762 353329262 16868 17284190 0 93803324 93803324 0 0 7315022 3289444 3781172 244406 0 123504314 108602283 12193953 2708078 7114672 6085285 868815 160572 17148901 14667711 2094154 387036 7075837 6052069 864072 159696 0 2124266 505188 1614410 4668 406554 406554 256868 256868 141375 141375 732923 732923 18527425 13434637 4669801 422987 1569707 1204020 365574 113 4500196 3441420 864581 194195 5426585 3990111 1411678 24796 0 8446605 7828468 618137 2967881 2802869 128633 36379 0 478293 432552 44022 1719 4027544 3836878 190666 0 15408650 14679196 729454 1512303 5776 1506527 REPAIRS & MAINTENANCE 11706475 10989745 712011 4719 RESEARCH CONTRACTS 7386913 7386913 EQUIP, LAB MATERIALS & SUPP. 3704529 3521401 143774 39354 HOSPITALITY 2589712 2147410 170657 271645 6434086 4376049 1996094 61943 354310960 313815672 35631607 4863681 X 777330 321013 66356997 75822967 24608961 20276317 18947541 16430265 0 0 0 0 0 0 0 0 9373684 14687670 526384042 184919446 254678373 341464596 167760149 171185534 46304562 47339952 0 0 0 0 21961558 157674774 610769155 845203088 28475047 40203866 0 0 11362487 12144766 136866579 341574916 0 0 0 0 0 0 5900000 0 20228173 17637489 202832286 411561037 X 160610292 202015448 247326577 231626603 407936869 433642051 610769155 845203088 X 28611802 -1848026 -1058594 X false true X true true true X 8675979 12726391 34904846 13132213 12287442 81726871 0 0 8675979 12726391 34904846 13132213 12287442 81726871 14659547 67067324 3490579 4164121 5910248 8695375 7626495 29886818 0 4760448 4081092 4163674 3148535 3035693 19189442 130803131 1575042867 0.51274 0.57930 X Schedule A, Part II, LINE 10 - DETAIL OF OTHER INCOME DINING SERVICES CONTRACT $ 663,814 STUDENT ORGANIZATIONS 449,000 PARKING 358,437 ALL OTHER REVENUE 1,564,442 ---------- TOTAL OTHER INCOME $ 3,035,693 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 336280 false false 336280 false Part II-B, Line 1G - Lobbying Stevens Institute of Technology hired various outside consultants to undertake lobbying activities related to educational and other mission-related initiatives on its behalf. Staff participates in activities such as meeting with New Jersey and Hoboken elected and appointed officials to promote Stevens and its priority programs and initiatives such as capital projects, STEM scholarship programs for underreprested minority students, COVID-19 impacts, and various special initiatives/needs. In addition, they provide oversight to outside consultants and are directly engaged in activities related to Stevens' federal research initiatives. Beth McGrath, Vice President of Government and Community relations and Chief of Staff, is registered as a lobbyist in the state of New Jersey. She spends approximately 20% of her time on New Jersey-focused higher education and technology issues. 45000 X X X false false 224304000 2856781 4103638 2523056 3731363 225010000 206806000 6994156 15638833 2148623 2986366 224304000 183934000 19393944 9051558 2038014 3535488 206806000 166024661 9140730 15132869 6364260 183934000 173680721 1908265 -3516117 6048208 166024661 0.07810 0.92190 true false 1721146 1721146 444679995 141069257 303610738 58492702 29555947 28936755 21490199 14294242 7195957 341464596 ALTERNATIVE INVESTMENTS 10387290 F TRUSTS HELD BY OTHERS 6093228 F SPLIT INTEREST AGREEMENTS 2713043 F PRIVATE EQUITY 28047370 F OTHER 99021 F 47339952 DEPOSITS WITH BOND TRUSTEES 157629774 ARTWORK 45000 157674774 0 ACCRUED POST RETIREMENT BENEFIT 6739476 ANNUITIES PAYABLE 2112206 CONDITIONAL ASSET RETIREMENT 4728886 REFUNDABLE ADVANCES 3163996 CAPITAL LEASE OBLIGATION 892925 17637489 X COLLECTIONS OF ART, HISTORICAL TREASURES AND ARCHIVES - FORM 990, SCHEDULE D, PART III STEVENS MAINTAINS A COLLECTION OF VARIOUS WORKS OF ART, HISTORICAL TREASURES, ARCHIVES AND OTHER SIMILAR ASSETS THAT ARE ON PUBLIC DISPLAY IN ITS LIBRARY AND OTHER LOCATIONS ON CAMPUS FOR THE ENRICHMENT AND ENJOYMENT OF VISITORS, FACULTY, STAFF AND STUDENTS. Endowment Funds - FORM 990, SCHEDULE D, PART V, LINE 4 The University'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 University. 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 business 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. true true true true true true true false false false false false false false false true false true Nondiscrimination Policy - PART I, LINE 3 Stevens Institute of Technology's nondiscrimination policy is available on the admissions application webpage for prospective students and in the student handbook which is available on the Stevens website and available to all students at orientation and registration. 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. Additionally, in the current fiscal year, the University received CARES Act HEERF funding. true Central America and the Caribbean 2 Program Services Conferences/Speaking 2675 East Asia and the Pacific 24 Program Services Conferences/Speaking 62164 Europe (Including Iceland and Greenland) 66 Program Services Conferences/Speaking 186339 Middle East and North Africa 3 Program Services Conferences/Speaking 14352 North America 22 Program Services Conferences/Speaking 33329 Russia and the Newly Independent States 1 Program Services Conferences/Speaking 1986 South America 3 Program Services Conferences/Speaking 7589 East Asia and the Pacific 8 Program Services Recruiting - Students 88091 Europe (Including Iceland and Greenland) 2 Program Services Recruiting - Students 7851 South Asia 6 Program Services Recruiting - Students 94375 Sub-Saharan Africa 1 Program Services Recruiting - Students 10366 Central America and the Caribbean 1 Program Services Field Research 750 Europe (Including Iceland and Greenland) 2 Program Services Field Research 46628 East Asia and the Pacific 2 Program Services Institutional Developm 18937 Europe (Including Iceland and Greenland) 2 Program Services Institutional Developm 6082 South America 1 Program Services Institutional Developm 2415 South Asia 1 Program Services Institutional Developm 8143 Central America and the Caribbean Investments 17868815 Europe (Including Iceland and Greenland) Investments 11895560 147 147 592072 29764375 30356447 true false true true true true Schedule F, Part IV 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. Schedule F, Part I - Accounting Method The expenditures reported in Part I are on the accrual method. X X X X X X X true EAB GLOBAL INC DIG & DIR. MAIL MKT. false 103541 -103541 PENTERA INC DIG & DIR. MAIL MKT. false 27472 -27472 GT MARKETING LTD DIR MAIL MKT. false 10362 -10362 141375 -141375 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI SCHEDULE G, PART 1, LINE 2A FUNDRAISING ACTIVITIES THE UNIVERSITY UTILIZED OUTSIDE VENDORS FOR DIGITAL AND DIRECT MARKETING SERVICES. IN ADDITION TO THE PROFESSIONAL SERVICE EXPENSES SHOWN IN PART I, THE UNIVERSITY PAID $10,011 FOR POSTAGE EXPENSES. SCHEDULE G, PART 1, LINE 2B - Name and Address fundraiser EAB Global Inc. 1920 East Parham Road Richmond, VA 23228 Pentera, Inc 8650 Commerce Park Place, Suite G Indianapolis, IN 46268 GT Marketing LTD 51 Railroad Avenue Closter, NJ 07624 true Scholarships and Grants 3853 92321515 Prizes/Awards 593 1481809 Grants and Other Assistance in U.S. PART I, LINE 2 SCHOLARSHIPS AND GRANTS ARE AWARDED AS FINANCIAL ASSISTANCE TO STUDENTS ATTENDING STEVENS INSTITUTE OF TECHNOLOGY. DISTRIBUTION AND APPLICATION OF 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. SITUATIONS SUCH AS CHANGES IN FINANCIAL NEED, CHANGES IN FEDERAL AID ELIGIBILITY, CHANGES IN ENROLLMENT AND RECEIPT OF AID FROM OUTSIDE SOURCES MAY AFFECT A STUDENT'S ELIGIBILITY TO RECEIVE FUNDING. STEVENS' ADMINISTRATION MONITORS THESE SITUATIONS ON AN ON-GOING BASIS AND MAKES ANY APPROPRIATE ADJUSTMENTS. X X X X X true true X X X X X X false false false false false false false true false Nariman Farvardin President/Trustee 843648 727785 21863 28000 0 141 0 1621437 0 0 0 Christophe Pierre Provost 552493 15000 25215 0 18366 0 611074 0 0 0 Gregory Prastacos Dean 422178 12000 28000 0 24256 0 486434 0 0 0 Louis J Mayer VP of Finance/Treasurer,CFO 413386 10000 28000 0 24256 0 475642 0 0 0 Kathy L Schulz VP & General Counsel/Secretary 409779 10000 25200 0 8116 0 453095 0 0 0 Constantin Chassapis Vice Provost 360233 10000 28000 0 18366 0 416599 0 0 0 Dinesh Verma Professor/Exec Dir 340916 4000 7515 25200 0 24256 0 401887 0 0 0 George Korfiatis Professor 351476 28000 0 18366 0 397842 0 0 0 Jean Zu Dean 341380 25200 0 8116 0 374696 0 0 0 Hady Salloum Professor 324376 0 525 0 0 22823 0 24256 0 371980 0 0 0 Muhammad Hajj Chair/Professor 323979 1500 414 25200 0 18366 0 369459 0 0 0 Yehia Massoud Dean 310228 4000 23600 0 24256 0 362084 0 0 0 David Dodd VP INFO TECH/CIO to 12/31/19 313002 28000 0 18366 0 359368 0 0 0 Robert Maffia VP for Facilities/Operations 286644 0 8000 0 8400 0 26504 0 24256 0 353804 0 0 0 MaryBeth Murphy VP for Enrollmt/Student Affair 299193 10000 28000 0 8116 0 345309 0 0 0 Mohammad Dehghani Vice Provost to 7/31/19 284168 16042 0 13517 0 313727 0 0 0 Anthony Barrese Former Key Employee 266404 6000 21294 0 18366 0 312064 0 0 0 Dilhan Kalyon Int. Vice Prov as of 8/12/19 254360 0 0 0 0 0 26165 0 16326 0 296851 0 0 0 Warren Petty VP for Human Resources 244012 22000 22247 0 141 0 288400 0 0 0 Michael zur Muehlen Trustee/Professor to 2/15/20 236793 0 6000 0 0 0 13724 0 24256 0 280773 0 0 0 Joseph E Cassidy AVP Finance/Asst Treas 246953 2500 22335 0 141 0 271929 0 0 0 Elizabeth Shelton AVP for Invest/Asst Treasurer 206654 0 0 0 0 0 19344 0 13195 0 239193 0 0 0 Keith G Sheppard Trustee/Professor to 11/21/19 208745 20467 0 8116 0 237328 0 0 0 Jennifer McDonough VP for Development to 7/12/19 174412 12833 15851 0 4046 0 207142 0 0 0 Dawn Da Silva AVP Dev/Alum 7/12/19 - 5/8/20 177012 10000 14397 0 141 0 201550 0 0 0 William Remington FORMER KEY EMPLOYEE 47986 0 150000 0 0 0 1816 0 0 0 199802 0 0 0 Michael Parente Int. VP Info Tech as of 1/1/20 173789 7000 12600 0 141 0 193530 0 0 0 Yi Guo Trustee/Prof. as of 3/26/20 155865 2000 707 13279 0 8116 0 179967 0 0 0 Compensation Information PART I, LINE 1 THE STEVENS INSTITUTE OF TECHNOLOGY GUIDELINES REGARDING 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. THE PRESIDENT IS CONTRACTUALLY REQUIRED TO LIVE IN CAMPUS HOUSING AND, THEREFORE, IT IS NOT TAXABLE COMPENSATION TO HIM. 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. PERSONAL SERVICES ARE PROVIDED TO THE PRESIDENT IN THE FORM OF HOUSEKEEPING BY AN EMPLOYEE OF THE PHYSICAL PLANT DEPARTMENT. THE VALUE OF THESE SERVICES IS INCLUDED AS TAXABLE INCOME AND IS DISCLOSED AS PART OF HIS SCHEDULE J PART II, COLUMN B (III), OTHER REPORTABLE COMPENSATION. Incentive Compensation, PART I, LINE 7 The Stevens Incentive Compensation Plan provides a mechanism to reward faculty 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 and staff 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 Committee of the Board of Trustees and approved by the Human Resources Committee or full Board of Trustees AS PART OF ITS CONSIDERATION OF THE PRESIDENT AND THE TOP FIVE HIGHEST COMPENSATED EMPLOYEES LISTED IN SCHEDULE O. Each year, the Human Resources Committee approves the annual performance goals for the executive leaders and reviews with the President the process for determining them for each other group or sub-group of employees. COMPENSATION INFORMATION, PART II LINE 4 PART II, LINE 4 CONTAINS INFORMATION ABOUT THE COMPENSATION OF THE UNIVERSITY'S PRESIDENT, DR. NARIMAN FARVARDIN, PAID DURING THE YEAR. ALL AMOUNTS WERE PAID PURSUANT TO THE PRESIDENT'S WRITTEN FIVE-YEAR CONTRACT. IN ADDITION TO HIS ANNUAL BASE SALARY OF $843,648, THESE AMOUNTS INCLUDE(I) A ONE-TIME INCENTIVE COMPENSATION PAYMENT OF $500,000 ASSOCIATED WITH SPECIFIC METRICS SPECIFIED BY THE UNIVERSITY'S BOARD OF TRUSTEES AND ACHIEVED OVER THE COURSE OF A THREE-YEAR PERIOD AND PAYABLE AT THE END OF THE THIRD YEAR AND (II) AN ANNUAL INCENTIVE COMPENSATION PAYMENT OF $227,785 ASSOCIATED WITH ACHIEVEMENT OF SEPARATE METRICS FOR THE UNIVERSITY'S FISCAL YEAR ENDED 6/30/2019. ALL INCENTIVE COMPENSATION AMOUNTS WERE BASED UPON DETERMINATIONS BY THE HUMAN RESOURCES COMMITTEE AND THE FULL BOARD OF TRUSTEES THAT OBJECTIVE METRICS RELATING TO THE UNIVERSITY'S STRATEGIC PLAN WERE ACHIEVED BY THE PRESIDENT AND, IN MANY CASES EXCEEDED WITH EXCEPTIONAL PERFORMANCE. IN ADDITION, SUCH AMOUNTS WERE REVIEWED AND EVALUATED FOR MARKET COMPARABILITY BY THE UNIVERSITY'S INDEPENDENT COMPENSATION CONSULTANT. A NJ EDU FAC AUTH STEVENS ISSUE 2020 SERIES A 221829511 6460666L9 2020-03-11 209648096 NEW CONSTRUCTION & RENOVATION false false false B NJ EDU FAC AUTH STEVENS ISSUE 2017 SERIES A 221829511 646066M31 2017-04-04 132589361 1998 & 2007 REFUNDing/Cap. Proj. false false false C NJ EDU FAC AUTH CAPITAL IMP SERIES 2016B 221829511 646066F54 2016-12-20 30676062 FINANCING NEW CONSTRUCTION false false true D NJ EDU FAC AUTH Capital Imp Series 2016A 221829511 000000000 2016-07-26 20805115 2005 & 2006 RefundING false false true A 0 0 209648096 0 0 0 1000262 0 0 102087808 0 106560026 false false false false B 5220000 0 132589361 0 0 0 911558 0 0 70742204 55677803 5257796 true false false true C 741966 0 17575574 0 0 0 141074 0 0 17434500 0 0 2018 false false true true D 466889 0 1182407 0 0 0 2752 0 0 1179655 0 0 2016 true false true true A false false true true true true 0 false false false true B false false true true true true 0 false false false true C false false false false 0 false false false true D false false true true true true 0 false false false true A false true false false false false 0 false 0 false true B false true false false false false 0 false 0 false true C false true false false false false 0 false 0 false true D false true false false false false 0 false 0 false true A true B true C true D true Schedule K, PART I, Bond ISSUES 1. NJ EDU FAC AUTH STEVENS ISSUE 2020 SERIES A: These bonds were issued in the par amount of $174,315,000 to finance: (a) the construction, renovation and equipping of the new Student Housing and University Center; (b) finance capital projects for construction, renovation, expansion and equipping of certain additional university research and education buildings; and (c) fund capitalized interest for the 2020 Series A bonds. Total proceeds of the issuance were $209,648,096 of which $38,600,000 were used to repay a Line of Credit used for capital expenditures prior to the completion of the issuance. THE UNIVERSITY GRANTED A PLEDGE OF AND LIEN ON TUITION AS SECURITY FOR THIS LOAN. 2. NJ EDU FAC AUTH STEVENS ISSUE 2017 SERIES A: THESE BONDS WERE ISSUED IN THE PAR AMOUNT OF $132,589,361 FOR REFUNDING AND LEGAL DEFEASANCE OF THE 1998 SERIES I AND 2007 SERIES A BONDS AND TO FINANCE: (A) THE CONSTRUCTION, RENOVATION AND EQUIPPING OF THE NEW RESEARCH AND ACADEMIC BUILDINGS COMPRISING THE ACADEMIC GATEWAY COMPLEX; (B) THE CONSTRUCTION, RENOVATION AND EXPANSION OF THE EXISTING BABBIO GARAGE; (C) THE CONSTRUCTION, RENOVATION, EXPANSION AND EQUIPPING OF CERTAIN ADDITIONAL FACILITIES AT THE UNIVERSITY FOR RESEARCH AND EDUCATION; (D) PRECONSTRUCTION COSTS RELATED TO A PROPOSED COMBINED STUDENT RESIDENCE AND UNIVERSITY FACILITY. 3. NJ EDU FAC AUTH CAPITAL IMP SERIES 2016B: THESE BONDS WERE ISSUED PURSUANT TO A LEGISLATIVELY CREATED STATE-BACKED PROGRAM TO FINANCE CAPITAL IMPROVEMENTS FOR NEW JERSEY COLLEGES AND UNIVERSITIES. THE BONDS ARE REPAYABLE IN PART BY STATE APPROPRIATIONS. NJEFA BOND PROCEEDS OF $142,715,000 WERE RECEIVED FROM A SINGLE ISSUANCE WHICH WAS GRANTED IN VARYING AMOUNTS TO COLLEGES LOCATED IN NEW JERSEY. STEVENS RECEIVED A TOTAL OF $17,434,500 WHICH REQUIRES THAT THE UNIVERSITY PAY ONE HALF (50%) OF THE DEBT SERVICE OF THE UNDERLYING BONDS. THE $17,434,500 IS TO BE USED TO FINANCE A PORTION OF THE CONSTRUCTION OF THE ACADEMIC GATEWAY COMPLEX. STEVENS PRINCIPAL PORTION IS $8,522,585 AND IS RECORDED ON THE BOOKS AS LONG TERM DEBT, PAYABLE OVER 20 YEARS. Schedule K, Part II, LINE 1 AMOUNT OF BONDS RETIRED IS A RESULT OF PRINCIPAL PAYMENTS BY THE UNIVERSITY PURSUANT TO AGREEMENTS WITH THE AUTHORITY. 4. NJ EDU FAC AUTH CAPITAL IMP SERIES 2016A: THESE BONDS WERE ISSUED IN THE PAR AMOUNT OF $252,270,000 BY THE NJEFA AND THE POOLED AMOUNT WAS DISTRIBUTED TO VARIOUS NEW JERSEY COLLEGES. STEVENS RECEIVED ALLOCATED PROCEEDS OF $1,182,407 WHICH WERE USED TO CURRENT REFUND THE BALANCE OF NJEFA'S CAPITAL IMPROVEMENT FUND ISSUES, SERIES 2005A AND SERIES 2006A. THE 2005A AND 2006A BONDS WERE ISSUED ON AUGUST 10, 2006 AND OCTOBER 26, 2006 RESPECTIVELY. NJEFA requires that the University only pay one-half (50%) of the debt service of the underlying bonds, totaling $595,673. Schedule K, Part II, LINE 1 AMOUNT OF BONDS RETIRED IS A RESULT OF PRINCIPAL PAYMENTS BY THE UNIVERSITY PURSUANT TO AGREEMENTS WITH THE AUTHORITY. 5. NJ EDU FAC AUTH ELF ISSUE, SERIES 2014B: 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 WERE RECEIVED FROM A SINGLE ISSUANCE WHICH WAS GRANTED IN VARYING AMOUNTS TO 6 OF THE PRIVATE COLLEGES LOCATED IN NEW JERSEY. THE UNIVERSITY ENTERED INTO LEASE AGREEMENTS WITH NJEFA FOR A TOTAL OF $4,500,000 WHICH REQUIRES THAT THE UNIVERSITY PAY ONE FOURTH (25%) OF DEBT SERVICE OF THE UNDERLYING BONDS. Schedule K, Part II, LINE 1 AMOUNT OF BONDS RETIRED IS A RESULT OF PRINCIPAL PAYMENTS BY THE UNIVERSITY PURSUANT TO AGREEMENTS WITH THE AUTHORITY. SCHEDULE K, PART III, PRIVATE BUSINESS USE, LINES 4 & 5 THE UNIVERSITY HAS SERVICE CONTRACTS AND RESEARCH AGREEMENTS THAT MAY RESULT IN PRIVATE BUSINESS USE. THESE AMOUNTS WERE DETERMINED TO BE WITHIN THE PERMITTED LEVELS OVER THE LIFE OF EACH BOND, THEREFORE, A PERCENTAGE WAS NOT DISCLOSED. ADDITIONALLY, THE UNIVERSITY HAS RETAINED KPMG TO CONSULT AND ADVISE ON THE CURRENT PRIVATE BUSINESS USE; THIS REVIEW SHOULD BE COMPLETED IN THE FISCAL YEAR ENDED JUNE 30, 2021. SHOULD BE COMPLETED IN THE FISCAL YEAR ENDED JUNE 30, 2021. Schedule K, Part IV, Arbitrage Rebate, line 2c NJ EDU FAC AUTH ELF ISSUE, SERIES 2014B all bond proceeds were expended in 2017 on capital projects and no proceeds remain as of 2017 to generate any arbitrage. The University performed its own internal review and no rebate is due. A NJ EDU FAC AUTH ELF ISSUE SERIES 2014B 221829511 6460658j4 2014-01-30 8131497 FINANCE IT INFRASTRUCTURE false false true A 655989 0 4500000 0 0 0 30311 0 0 4469689 0 0 2017 false false false true A false false true true true true 0 false false false true A false false false true false false 0 false 0 false true A true X 21 391552 FMV X Misc Equipment 1 72000 FMV X Food,Bev& Other 1 1438 FMV false true true NON-CASH CONTRIBUTIONS LINE 9 - To the extent that the University receives contributions of securities, the University's investment brokerage bank is tasked with PROMPTLY selling those securities. LINE 32 - The University uses various galleries to facilitate the sale of art. THE UNIVERSITY IS REPORTING IN PART I, COLUMN B, THE NUMBER OF ITEMS RECEIVED. FORM 990, ITEM C, NAME OF ORGANIZATION THE FULL LEGAL NAME OF THE UNIVERSITY IS THE TRUSTEES OF THE STEVENS INSTITUTE OF TECHNOLOGY. STEVENS INSTITUTE OF TECHNOLOGY IS REGISTERED IN THE STATE OF NEW JERSEY AS A "DOING BUSINESS NAME". COVID-19 IMPACT The spread of the coronavirus (COVID-19) around the world during 2020 has caused significant volatility in the U.S. and international markets. While the University did experience a loss of Auxiliary Revenue for the latTer part of the Spring semester and some increased costS, the effect was not material for the fiscal year ended June 30, 2020 since classes were continued remotely beginning mid-March 2020. There is, however, significant uncertainty around the breadth and duration of business disruptions related to COVID-19, as well as its impact on the U.S. and international economies and, as such, while it will have an impact on Fiscal 2021 Operations, it is not expected to be material. 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. PURSUANT TO THE BY-LAWS OF THE UNIVERSITY AND THE CHARTER OF THE EXECUTIVE COMMITTEE, THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF TRUSTEES IN CERTAIN INSTANCES. THE UNIVERSITY RETAINED ATTAIN, LLC, TO PROVIDE THE SERVICES OF A PROFESSIONAL TRUSTEE TO SERVE ON STEVENS' AUDIT COMMITTEE. DURING FISCAL YEAR 2020, THE UNIVERSITY PAID ATTAIN $30,611 FOR THESE SERVICES. THIS ROLE WAS FILLED BY RONALD E. SALLUZZO, PARTNER EMERITUS (RETIRED) IN ATTAIN, LLC'S HIGHER EDUCATION AND ACADEMIC MEDICAL CENTER PRACTICE. governing documents - FORM 990, PART VI, LINE 4 The Universitys Bylaws were amended in June, 2020 to extend the terms of certain alumni trustees, include a nondiscrimination statement mirroring the Universitys nondiscrimination policy and other statements on nondiscrimination, and make certain conforming changes. FORM 990 REVIEW - FORM 990, PART VI, LINE 11B THIS FORM 990 WAS PREPARED BY MEMBERS OF THE FINANCE AND LEGAL OFFICES OF THE UNIVERSITY TOGETHER WITH ITS OUTSIDE TAX AND ACCOUNTING FIRM SPECIALIZING IN HIGHER EDUCATION. THIS 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 UNIVERSITY AND APPROVED IN ACCORDANCE WITH THE BY-LAWS OF THE UNIVERSITY. Conflict Of Interest - Form 990, PART VI, LINE 12C THE UNIVERSITY'S CONFLICT OF INTEREST POLICY REQUIRES ONGOING COMPLIANCE AND SELF-REPORTING OF CONFLICTS. IT ALSO PROVIDES FOR COMPLETION OF AN ANNUAL DISCLOSURE FORM BY ALL TRUSTEES, OFFICERS AND FACULTY. EACH DISCLOSURE FORM IS REVIEWED BY THE OFFICE OF AUDIT, RISK AND COMPLIANCE, AND DISCLOSURE FORMS FOR TRUSTEES AND OFFICERS ARE REVIEWED BY THE OFFICE OF GENERAL COUNSEL; ALL CONFLICTS OF INTEREST ARE REPORTED TO THE AUDIT COMMITTEE OF THE BOARD AND TO THE BOARD OF TRUSTEES. INFORMATION DISCLOSED IN THE DISCLOSURE FORMS WHICH INDICATES THE PRESENCE OF A CONFLICT IS REVIEWED, 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, LINES 15A & 15B THE COMPENSATION OF THE PRESIDENT AND FIVE HIGHEST COMPENSATED EMPLOYEES OF THE UNIVERSITY WAS APPROVED BY AN INDEPENDENT HUMAN RESOURCES COMMITTEE OF THE BOARD OF TRUSTEES AND THE FULL BOARD OF TRUSTEES, IN EACH CASE ACTING AT MEETINGS DULY HELD. IN ADDITION TO APPROVING THE PRESIDENT'S COMPENSATION FOR CALENDAR YEAR 2019, THE COMPENSATION FOR THE FOLLOWING 5 ADDITIONAL POSITIONS WERE APPROVED: PROVOST AND UNIVERSITY VICE PRESIDENT CHIEF FINANCIAL OFFICER, VICE PRESIDENT FOR FINANCE AND TREASURER VICE PROVOST FOR RESEARCH VICE PRESIDENT, GENERAL COUNSEL AND SECRETARY DEAN OF SCHOOL OF BUSINESS WITH RESPECT TO THE FOLLOWING ADDITIONAL POSITIONS, THE HUMAN RESOURCES COMMITTEE OF THE BOARD OF TRUSTEES, ACTING ON BEHALF OF THE BOARD OF TRUSTEES, APPROVED THE COMPENSATION AT DULY HELD MEETINGS OF THE COMMITTEE. THE BOARD WAS FULLY INFORMED OF THE COMMITTEE'S ACTIONS: VICE PRESIDENT FOR DEVELOPMENT AND ALUMNI ENGAGEMENT VICE PRESIDENT FOR FACILITIES AND CAMPUS OPERATIONS VICE PRESIDENT FOR ENROLLMENT MANAGEMENT AND STUDENT AFFAIRS VICE PRESIDENT FOR INFORMATION TECHNOLOGY AND CIO VICE PRESIDENT FOR COMMUNICATIONS AND MARKETING VICE PRESIDENT FOR HUMAN RESOURCES VICE PRESIDENT FOR GOVERNMENT AND COMMUNITY RELATIONS, CHIEF OF STAFF FACULTY TRUSTEE (2) ALL SUCH COMPENSATION WAS DETERMINED BASED UPON RECOMMENDATIONS FROM THE PRESIDENT (EXCEPT WITH RESPECT TO THE PRESIDENT, WHOSE COMPENSATION IS RECOMMENDED BY THE BOARD OF TRUSTEES, AND THE DEANS AND FACULTY, WHOSE COMPENSATION IS RECOMMENDED BY THE PROVOST). THE UNIVERSITY RETAINS THE SERVICES OF A NATIONALLY PROMINENT COMPENSATION CONSULTING FIRM TO PERFORM A COMPREHENSIVE COMPENSATION ASSESSMENT OF THE SALARIES OF ALL MEMBERS OF THE SENIOR ADMINISTRATION, INCLUDING THE PRESIDENT. THIS STUDY INCLUDES A COMPARISON OF THE UNIVERSITY'S SALARIES WITH A CORE GROUP OF PEER INSTITUTIONS. THE RESULTS OF THE STUDY ARE REVIEWED AND DISCUSSED ANNUALLY WITH THE BOARD'S HUMAN RESOURCES COMMITTEE AND THE BOARD OF TRUSTEES, AS THOSE BODIES APPROVE EXECUTIVE COMPENSATION. THE SECRETARY TO THE BOARD OF TRUSTEES OR THE VICE PRESIDENT OF HUMAN RESOURCES TOOK CONTEMPORANEOUS MINUTES OF EACH MEETING OF THE BOARD AT WHICH THESE COMPENSATION DECISIONS WERE MADE. NEITHER OF THEM TOOK MINUTES WITH RESPECT TO THEIR OWN COMPENSATION. Disclosure - FORM 990, PART VI, LINE 19 THE GOVERNING DOCUMENTS OF THE UNIVERSITY TOGETHER WITH CHARTERS FOR EACH COMMITTEE OF THE BOARD OF TRUSTEES, THE CONFLICT OF INTEREST POLICY AND THE FINANCIAL STATEMENTS OF THE UNIVERSITY ARE ALL MADE AVAILABLE ON THE UNIVERSITY'S WEBSITE (WWW.STEVENS.EDU). IN ADDITION, A VARIETY OF OTHER DOCUMENTS AND MATERIALS REGARDING THE UNIVERSITY AND ITS OPERATIONS AS WELL AS THE OTHER POLICIES OF THE UNIVERSITY, ARE ALSO AVAILABLE ON THE WEBSITE. Reconciliation of Net Assets - FORM 990, PART XI, LINE 9 POST-RETIREMENT BENEFIT CHANGES OTHER THAN PERIODIC COSTS $ (294,005) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS (356,445) Uncollectible Contributions (408,144) ---------- TOTAL $(1,058,594) CBM AQUASOL CASTLE POINT ON HUDSON HOBOKEN NJ 07030 208433247 TESTING NJ NA N/A 0 0 0 PREDIATOR VISION LLC CASTLE POINT ON HUDSON HOBOKEN NJ 07030 208433326 TECHNOLOGY NJ NA N/A 0 0 0 INSTREAM MEDIA LLC CASTLE POINT ON HUDSON HOBOKEN NJ 07030 208433004 SOFTWARE NJ NA N/A 0 0 0 CPE LLC CASTLE POINT ON HUDSON HOBOKEN NJ 07030 203448123 RESEARCH NJ NA N/A 0 0 0 Castle Point Holdings Inc One Castle Point on hudson Hoboken NJ 07030 204264786 Tech Transfer NJ Stevens Instit C Corp -10247 684225 1.00000 true CHARITABLE REMAINDER TRUST (1) TRUST OH NA TRUST true CHARITABLE REMAINDER UNITRUST (5) TRUST NA TRUST true false false false true false false false false false false false true false false true false false false false Schedule R, Part IV, Column (C) CASTLE POINT HOLDINGS, INC., LISTED ON SCHEDULE R, PART IV, HAS DIRECT OWNERSHIP IN THE LISTED LLCS. THE LLCS have been inactive for many years and they have been DISSOLVED. The final tax returns for Instream Media LLC were filed as of 12/31/2019 and final returns for the other 3 entities were filed as of 8/20/2020. SCHEDULE R, PART IV, COLUMN (C) THE CHARITABLE REMAINDER UNITRUSTS LISTED ON PART IV, LINE 2 HAVE THE FOLLOWING LEGAL DOMICILES: MD NJ (2) NC PA