THE TRUSTEES OF THE STEVENS INSTITUTE OF TECHNOLOGY: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- THE TRUSTEES OF THE STEVENS INSTITUTE OF TECHNOLOGY (EIN 22-1487354)
- Tax period
- 2016-07-01 to 2017-06-30
- Filed
- 2018-05-07
- IRS object ID
- 201841279349301649
- Schema version
- 2016v3.1
- 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 M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-05-07T15:18:05-05:00 | ReturnTs |
| Tax Period End | 2017-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 345 Park Avenue | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 101540102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 221487354 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STEVENS INSTITUTE OF TECHNOLOGY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % LOUIS MAYER EDD | InCareOfNm |
| Business Name Control | STEV | BusinessNameControlTxt |
| Phone | 2012168761 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One Castle Point on Hudson | AddressLine1Txt |
| City | Hoboken | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07030 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LOUIS MAYER | PersonNm |
| Person Title | VP FINANCE/TREASURER | PersonTitleTxt |
| Phone | 2012165000 | PhoneNum |
| Signature | 2018-05-01 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | PHILLIP GROFF | PreparerPersonNm |
| PTIN | P01247783 | PTIN |
| Phone | 2127589700 | PhoneNum |
| Preparation | 2018-04-26 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | LOUIS MAYER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One Castle Point on Hudson | AddressLine1Txt |
| City | Hoboken | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07030 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $438,829,011 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.stevens.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1870 | FormationYr |
| Legal Domicile State | NJ | LegalDomicileStateCd |
| Activity Or Mission | The organization's primary exempt purpose is to provide educational is to provide educational services to individuals in pursuit of undergraduate, masters and doctorate degrees and to conduct research. | ActivityOrMissionDesc |
| Voting Members Governing Body | 25 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 22 | VotingMembersIndependentCnt |
| Total Employee | 3327 | TotalEmployeeCnt |
| Total Volunteers | 364 | TotalVolunteersCnt |
| Total Gross UBI | $56,326 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$51,026 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $8,675,979 | PYContributionsGrantsAmt |
| CY Contributions Grants | $22,970,900 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $278,146,308 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $299,950,502 | CYProgramServiceRevenueAmt |
| PY Investment Income | $4,024,730 | PYInvestmentIncomeAmt |
| CY Investment Income | $5,502,806 | CYInvestmentIncomeAmt |
| PY Other Revenue | $4,496,506 | PYOtherRevenueAmt |
| CY Other Revenue | $3,615,037 | CYOtherRevenueAmt |
| PY Total Revenue | $295,343,523 | PYTotalRevenueAmt |
| CY Total Revenue | $332,039,245 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $67,821,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $72,890,058 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $131,468,018 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $132,817,213 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $3,463,258 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $82,671,327 | PYOtherExpensesAmt |
| CY Other Expenses | $85,698,428 | CYOtherExpensesAmt |
| PY Total Expenses | $281,960,345 | PYTotalExpensesAmt |
| CY Total Expenses | $291,405,699 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $13,383,178 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $40,633,546 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $393,749,845 | TotalAssetsBOYAmt |
| Total Assets EOY | $526,191,126 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $125,181,922 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $206,996,600 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $268,567,923 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $319,194,526 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | 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 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 WORL | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $205,221,752 | ExpenseAmt |
| Grant | $72,890,058 | GrantAmt |
| Revenue | $240,845,582 | RevenueAmt |
| Desc | Educational Instruction: In the academic year 2016-17, Stevens' enrollment was 3115 undergraduate students and 3798 graduate students. 638 students graduated with bachelor of engineering, science or arts degrees, 1471 students received master's in engineering, science, business administration or arts. 56 PHD degrees were also conferred. In addition, Stevens collaborated with numerous domestic and international universities and other educational programs to provide courses and training to international students. Stevens emphasizes innovation and teaches entrepreneurship throughout its curriculum with the aim of enabling the integration of technological and market knowledge. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $28,153,724 | ExpenseAmt |
| Revenue | $28,615,334 | RevenueAmt |
| Desc | Student Life: Stevens Institute maintains a 55 acre campus in Hoboken, New Jersey and provides students with on campus and off campus housing as well as several dining facilities. Close interactions between professors and students allow for greater academic and social development. There are over 115 clubs, organizations and varsity sports that offer the students ample opportunity to participate, broaden and enrich their student life. The S.C. Williams library serves as the Institute's intellectual, cultural and social center capitalizing on a resourceful staff and new technologies to foster a stimulating environment for teaching, learning and scientific discovery. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $27,993,455 | ExpenseAmt |
| Revenue | $30,828,779 | RevenueAmt |
| Desc | Research: The research enterprise includes academic research, national research centers and cross-disciplinary research initiatives with affiliated organizations and infrastructure. Creative and entrepreneural research is an integral part of the Stevens Mission. The University has been recognized by both the U.S. Department of Defense and the Department of Homeland Security as a national center of excellence in the areas of systems engineering, port security and information assurance. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $261,368,931 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (true) | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | Yes (true) | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (true) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | Yes (true) | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (true) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (true) | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 231 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 3327 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (true) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 25 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 22 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (true) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (true) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LOUIS MAYER EDD | PersonNm |
| Phone | 2012168761 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5 MARINE VIEW PLAZA SUITE 501 | AddressLine1Txt |
| City | Hoboken | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07030 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (50 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|---|
| Virginia P Ruesterholz | ||||||||||
| Chairman/Trustee | 3.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| Stephen T Boswell | ||||||||||
| Vice Chairman/Trustee | 1.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| Thomas A Corcoran | ||||||||||
| Vice Chairman/Trustee | 1.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| Richard R Roscitt | ||||||||||
| Vice Chairman/Trustee | 1.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| John A Schepisi | ||||||||||
| Vice Chairman/Trustee | 1.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| Shane Q Arlington | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Lawrence T Babbio Jr | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Alan F Blumberg | ||||||||||
| Trustee/Professor | 55.0 | 0.0 | Yes (X) | $311,125 | $0 | $30,005 | ||||
| Michael F Cahill | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Philip P Crowley | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| John R Dearborn | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Joseph G DiPompeo | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Emilio A Fernandez | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Samantha S George | ||||||||||
| Trustee to 11/2/16 | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| John Sean J Hanlon IV | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Daniella Kranjac | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Rainer Martini | ||||||||||
| Trustee/Professor | 55.0 | 0.0 | Yes (X) | $176,093 | $0 | $29,749 | ||||
| Lisa M Mascolo | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Thomas J Moschello | ||||||||||
| Trustee to 5/23/17 | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Samuel Reckford | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Annmarie Rizzo | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Ronald E Salluzzo | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Thomas H Scholl | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Frank J Semcer | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Henrik C Slipsager | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| J Scott Swensen | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Nariman Farvardin | ||||||||||
| President | 55.0 | 0.0 | Yes (X) | Yes (X) | $1,583,676 | $0 | $25,316 | |||
| ToniAnn Biondolillo | ||||||||||
| Asst Corp Sec Start 10/4/16 | 55.0 | 0.0 | Yes (X) | $19,317 | $0 | $1,141 | ||||
| Joseph Cassidy | ||||||||||
| AVP Finance | 55.0 | 0.0 | Yes (X) | $136,860 | $0 | $10,421 | ||||
| Beth Libow LeFante | ||||||||||
| Asst GEN COUNSEL to 10/23/16 | 55.0 | 0.0 | Yes (X) | $108,045 | $0 | $13,062 | ||||
| Louis Mayer | ||||||||||
| VP FINANCE/TREAS | 55.0 | 0.0 | Yes (X) | $380,721 | $0 | $43,825 | ||||
| Helen Oberle | ||||||||||
| Exec. Asst/Asst.Sec to 7/25/16 | 55.0 | 0.0 | Yes (X) | $38,117 | $0 | $6,512 | ||||
| Kathy L Schulz | ||||||||||
| VP, GENERAL COUNSEL/Secretary | 55.0 | 0.0 | Yes (X) | $358,375 | $0 | $30,638 | ||||
| Elizabeth Shelton | ||||||||||
| AVP Investments/Assist Treas | 55.0 | 0.0 | Yes (X) | $196,324 | $0 | $18,104 | ||||
| Mohammad Dehghani | ||||||||||
| Vice Provost | 55.0 | 0.0 | $388,076 | $0 | $40,094 | Yes (X) | ||||
| David Dodd | ||||||||||
| VP FOR INFO TECHNOLOGY | 55.0 | 0.0 | $256,338 | $0 | $41,050 | Yes (X) | ||||
| George Korfiatis | ||||||||||
| PROVOST to 8/21/16 | 55.0 | 0.0 | $560,900 | $0 | $43,535 | Yes (X) | ||||
| Robert Maffia | ||||||||||
| VP FOR FACILITIES | 55.0 | 0.0 | $274,906 | $0 | $43,695 | Yes (X) | ||||
| MaryBeth Murphy | ||||||||||
| VP ENROLLMENT MANAGEMENT | 55.0 | 0.0 | $280,109 | $0 | $36,100 | Yes (X) | ||||
| Christophe Pierre | ||||||||||
| Provost Start 8/22/16 | 55.0 | 0.0 | $205,287 | $0 | $16,862 | Yes (X) | ||||
| Gregory Prastacos | ||||||||||
| DEAN | 55.0 | 0.0 | $371,853 | $0 | $46,345 | Yes (X) | ||||
| William Remington | ||||||||||
| VP Development | 55.0 | 0.0 | $333,402 | $0 | $26,641 | Yes (X) | ||||
| Keith Sheppard | ||||||||||
| Interim Dean to 4/30/17 | 55.0 | 0.0 | $266,564 | $0 | $36,575 | Yes (X) | ||||
| Dinesh Verma | ||||||||||
| DEAN to 1/1/17 | 55.0 | 0.0 | $415,724 | $0 | $43,825 | Yes (X) | ||||
| William Rouse | ||||||||||
| PROFESSOR | 55.0 | 0.0 | $369,804 | $0 | $22,626 | Yes (X) | ||||
| Constantin Chassapis | ||||||||||
| VICE PROVOST | 55.0 | 0.0 | $334,965 | $0 | $43,138 | Yes (X) | ||||
| Alexei Miasnikov | ||||||||||
| Professor | 55.0 | 0.0 | $312,643 | $0 | $34,357 | Yes (X) | ||||
| Ralph G Giffin III | ||||||||||
| VICE PROVOST | 55.0 | 0.0 | $309,859 | $0 | $18,847 | Yes (X) | ||||
| Hady Salloum | ||||||||||
| ASSOC DEAN | 55.0 | 0.0 | $303,706 | $0 | $20,928 | Yes (X) | ||||
| Mary Wheeler | ||||||||||
| AVP Fin/Asst Treas to 6/10/16 | 55.0 | 0.0 | $116,073 | $0 | $16,108 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $8,408,862 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $739,499 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 307 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Compass Group USA Inc | |||||
| 2400 YORKMONT ROAD | CHARLOTTE | NC | 28217 | Food Service Mgmt | $7,122,682 |
| OA PETERSON CONSTRUCTION CO INC | |||||
| 78 NORTH WILLOW ST | MONTCLAIR | NJ | 07042 | Construction | $4,345,648 |
| C AND W FACILITY SERVICES INC | |||||
| 275 GROVE STREET SUITE 3-200 | AUBURNDALE | MA | 02466 | Maintenance | $2,880,135 |
| Workday Inc | |||||
| 6230 Stone Ridge Mall Rd | PLEASANTON | CA | 94588 | Software/Consulting | $1,621,863 |
| WALLACE ROBERTS AND TODD LLC | |||||
| 1700 MARKET STREET 28TH FLOOR | PHILADELPHIA | PA | 19103 | Architects | $1,465,835 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 169 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $209,525 | FundraisingAmt |
| Government Grants | $2,499,876 | GovernmentGrantsAmt |
| All Other Contributions | $20,261,499 | AllOtherContributionsAmt |
| Noncash Contributions | $261,425 | NoncashContributionsAmt |
| Total Contributions | $22,970,900 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION & FEES | 611600 | $240,340,542 | $240,340,542 |
| RESEARCH REVENUE | 541610 | $30,828,779 | $30,828,779 |
| STUDENT HOUSING | 611710 | $20,928,590 | $20,928,590 |
| STUDENT DINING | 611710 | $7,347,551 | $7,347,551 |
| TECHNICAL LEADERSHIP INSTRUCTION | 611600 | $505,040 | $505,040 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $299,950,502 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,070,005 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$27,488 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,097,493 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $80 | TotalRevenueColumnAmt |
| Exclusion | $80 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $72,308 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $72,308 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $72,308 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $5,760 | UnrelatedBusinessRevenueAmt |
| Exclusion | $66,548 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $107,266,877 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $104,672,059 | SecuritiesAmt |
| Other | $1,162,017 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,594,818 | SecuritiesAmt |
| Other | -$1,162,017 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,432,801 | TotalRevenueColumnAmt |
| Exclusion | $1,432,801 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $71,890 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $209,525 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $307,202 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$235,312 | TotalRevenueColumnAmt |
| Exclusion | -$235,312 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $0 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $0 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $786,050 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $648,488 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $137,562 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $1,239 | UnrelatedBusinessRevenueAmt |
| Exclusion | $136,323 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|---|
| REBATE REVENUE | 900099 | $243,999 | $243,999 | |
| NON REFUNDABLE DEPOSITS | 900099 | $257,120 | $257,120 | |
| PARKING | 812930 | $411,800 | $411,800 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,727,480 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $82,073 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $76,815 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,568,592 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $3,640,399 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $332,039,245 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $300,289,695 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $56,326 | UnrelatedBusinessRevenueAmt |
| Exclusion | $8,722,324 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $98,434 | TotalAmt |
| Program Services | $98,434 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $72,791,624 | TotalAmt |
| Program Services | $72,791,624 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,101,511 | TotalAmt |
| Program Services | $2,844,498 | ProgramServicesAmt |
| Management And General | $3,916,178 | ManagementAndGeneralAmt |
| Fundraising | $340,835 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $102,460,125 | TotalAmt |
| Program Services | $92,609,361 | ProgramServicesAmt |
| Management And General | $7,879,468 | ManagementAndGeneralAmt |
| Fundraising | $1,971,296 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,506,178 | TotalAmt |
| Program Services | $4,797,171 | ProgramServicesAmt |
| Management And General | $592,807 | ManagementAndGeneralAmt |
| Fundraising | $116,200 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,704,414 | TotalAmt |
| Program Services | $10,197,287 | ProgramServicesAmt |
| Management And General | $1,260,123 | ManagementAndGeneralAmt |
| Fundraising | $247,004 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,044,985 | TotalAmt |
| Program Services | $5,266,599 | ProgramServicesAmt |
| Management And General | $650,816 | ManagementAndGeneralAmt |
| Fundraising | $127,570 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,006,670 | TotalAmt |
| Program Services | $608,158 | ProgramServicesAmt |
| Management And General | $398,512 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $359,334 | TotalAmt |
| Program Services | $90,189 | ProgramServicesAmt |
| Management And General | $269,145 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $312,420 | TotalAmt |
| Program Services | $20,000 | ProgramServicesAmt |
| Management And General | $292,420 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $856,683 | TotalAmt |
| Program Services | $856,683 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,929,193 | TotalAmt |
| Program Services | $12,746,262 | ProgramServicesAmt |
| Management And General | $2,988,060 | ManagementAndGeneralAmt |
| Fundraising | $194,871 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $884,891 | TotalAmt |
| Program Services | $459,823 | ProgramServicesAmt |
| Management And General | $424,763 | ManagementAndGeneralAmt |
| Fundraising | $305 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,302,972 | TotalAmt |
| Program Services | $1,564,396 | ProgramServicesAmt |
| Management And General | $542,034 | ManagementAndGeneralAmt |
| Fundraising | $196,542 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $763,021 | TotalAmt |
| Program Services | $714,233 | ProgramServicesAmt |
| Management And General | $48,531 | ManagementAndGeneralAmt |
| Fundraising | $257 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,263,667 | TotalAmt |
| Program Services | $12,820,792 | ProgramServicesAmt |
| Management And General | $442,875 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,496,639 | TotalAmt |
| Program Services | $3,277,689 | ProgramServicesAmt |
| Management And General | $124,362 | ManagementAndGeneralAmt |
| Fundraising | $94,588 | FundraisingAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $505,141 | TotalAmt |
| Program Services | $446,250 | ProgramServicesAmt |
| Management And General | $55,931 | ManagementAndGeneralAmt |
| Fundraising | $2,960 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,304,527 | TotalAmt |
| Program Services | $3,182,372 | ProgramServicesAmt |
| Management And General | $122,155 | ManagementAndGeneralAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,066,943 | TotalAmt |
| Program Services | $11,266,327 | ProgramServicesAmt |
| Management And General | $800,616 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,365,908 | TotalAmt |
| Program Services | $1,327,368 | ProgramServicesAmt |
| Management And General | $38,540 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| REPAIRS & MAINTENANCE | $7,681,321 | $6,798,899 | $878,911 | $3,511 |
| RESEARCH CONTRACTS | $5,447,804 | $5,442,530 | $5,274 | |
| HOSPITALITY | $3,068,035 | $2,653,715 | $343,386 | $70,934 |
| RENTAL EQUIPMENT | $889,217 | $755,209 | $120,884 | $13,124 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,194,042 | TotalAmt |
| Program Services | $7,733,062 | ProgramServicesAmt |
| Management And General | $4,377,719 | ManagementAndGeneralAmt |
| Fundraising | $83,261 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $291,405,699 | TotalAmt |
| Program Services | $261,368,931 | ProgramServicesAmt |
| Management And General | $26,573,510 | ManagementAndGeneralAmt |
| Fundraising | $3,463,258 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,522,438 | BOYAmt |
| EOY | $45,220,354 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $848,332 | BOYAmt |
| EOY | $1,963,649 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,230,037 | BOYAmt |
| EOY | $29,162,842 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,445,553 | BOYAmt |
| EOY | $20,512,851 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $480,131 | BOYAmt |
| EOY | $425,788 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,086,679 | BOYAmt |
| EOY | $1,665,563 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $327,267,196 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $158,434,638 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $150,853,994 | BOYAmt |
| EOY | $168,832,558 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $123,251,670 | BOYAmt |
| EOY | $135,168,598 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,972,291 | BOYAmt |
| EOY | $42,171,679 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,058,720 | BOYAmt |
| EOY | $81,067,244 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $393,749,845 | BOYAmt |
| EOY | $526,191,126 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,514,462 | BOYAmt |
| EOY | $22,924,342 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,987,887 | BOYAmt |
| EOY | $18,579,086 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $65,996,067 | BOYAmt |
| EOY | $141,405,945 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,683,506 | BOYAmt |
| EOY | $24,087,227 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $125,181,922 | BOYAmt |
| EOY | $206,996,600 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,812,157 | BOYAmt |
| EOY | $95,368,546 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $114,192,746 | BOYAmt |
| EOY | $125,631,755 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $90,563,020 | BOYAmt |
| EOY | $98,194,225 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $268,567,923 | BOYAmt |
| EOY | $319,194,526 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $393,749,845 | BOYAmt |
| EOY | $526,191,126 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $40,633,546 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $9,479,086 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $513,971 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $25,009,202 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $17,560,864 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $25,805,184 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $8,675,979 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $22,970,900 | CurrentTaxYearAmt |
| Total | $100,022,129 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $25,009,202 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $17,560,864 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $25,805,184 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $8,675,979 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $22,970,900 | CurrentTaxYearAmt |
| Total | $100,022,129 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $22,004,374 | SubstantialContributorsTotAmt |
| Public Support Total170 | $78,017,755 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,048,925 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,759,802 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,793,076 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,490,579 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,164,121 | CurrentTaxYearAmt |
| Total | $18,256,503 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,265,887 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,934,792 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,218,877 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,760,448 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,081,092 | CurrentTaxYearAmt |
| Total | $24,261,096 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $142,539,728 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $1,292,330,427 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.54734 | PublicSupportCY170Pct |
| Public Support PY170 | 0.56645 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule A, Part II, LINE 10 - DETAIL OF OTHER INCOME | FormAndLineReferenceDesc |
| Explanation | GROSS INCOME FROM FUNDRAISING ACTIVITIES $ 71,890 GROSS SALES OF INVENTORY 786,050 REBATE REVENUES 243,999 PARKING 411,800 ALL OTHER REVENUE $2,567,353 ---------- TOTAL OTHER INCOME $4,081,092 | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbyingGrp | |
| Total Direct Lobbying | TotalDirectLobbyingGrp | |
| Total Lobbying Expend | TotalLobbyingExpendGrp | |
| Other Exempt Purpose Expend | OtherExemptPurposeExpendGrp | |
| Total Exempt Purpose Expend | TotalExemptPurposeExpendGrp | |
| Lobbying Nontaxable Amount | LobbyingNontaxableAmountGrp | |
| Grassroots Nontaxable | GrassrootsNontaxableGrp | |
| Tot Lbbyng Grassroot Mns Non Tx | TotLbbyngGrassrootMnsNonTxGrp | |
| Tot Lbby Expend Mns Lbbyng Non Tx | TotLbbyExpendMnsLbbyngNonTxGrp | |
| Volunteers | false | VolunteersInd |
| Paid Staff Or Management | Yes (true) | PaidStaffOrManagementInd |
| Media Advertisements | false | MediaAdvertisementsInd |
| Mailings Members | false | MailingsMembersInd |
| Publications Or Broadcast | false | PublicationsOrBroadcastInd |
| Grants Other Organizations | false | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (true) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $386,269 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | false | RalliesDemonstrationsInd |
| Other Activities | false | OtherActivitiesInd |
| Total Lobbying Expenditures | $386,269 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | false | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part II-B, Line 1G - Lobbying | FormAndLineReferenceDesc |
| Explanation | The Stevens Institute of Technology does not directly engage in any lobbying activities; the University hired various outside consultants to undertake lobbying activities related to educational and other mission related initiatives on its behalf. Staff participates indirectly 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 and funding initiatives. In addition, they provide oversight to outside consultants and are directly engaged in activities related to Stevens' federal research initiatives. | ExplanationTxt |
Schedule D IRS990ScheduleD
Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Included | $269,955 | AssetsIncludedAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Held Works Art | HeldWorksArtGrp | |
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Solicited Assets Sale | false | SolicitedAssetsSaleInd |
| Incl Escrow Custodial Acct Liab | false | InclEscrowCustodialAcctLiabInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $166,024,661 | BeginningYearBalanceAmt |
| Contributions | $9,140,730 | ContributionsAmt |
| Investment Earnings Or Losses | $15,132,869 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $6,364,260 | GrantsOrScholarshipsAmt |
| End Year Balance | $183,934,000 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $173,680,721 | BeginningYearBalanceAmt |
| Contributions | $1,908,265 | ContributionsAmt |
| Investment Earnings Or Losses | -$3,516,117 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $6,048,208 | GrantsOrScholarshipsAmt |
| End Year Balance | $166,024,661 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $173,055,379 | BeginningYearBalanceAmt |
| Contributions | $3,683,046 | ContributionsAmt |
| Investment Earnings Or Losses | $1,490,160 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $4,547,864 | GrantsOrScholarshipsAmt |
| End Year Balance | $173,680,721 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $155,748,717 | BeginningYearBalanceAmt |
| Contributions | $8,484,292 | ContributionsAmt |
| Investment Earnings Or Losses | $14,109,353 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $5,286,983 | GrantsOrScholarshipsAmt |
| End Year Balance | $173,055,379 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $141,416,999 | BeginningYearBalanceAmt |
| Contributions | $5,544,879 | ContributionsAmt |
| Investment Earnings Or Losses | $14,042,029 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $5,255,190 | GrantsOrScholarshipsAmt |
| End Year Balance | $155,748,717 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.05530 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.50860 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.43610 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (true) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,763,196 | OtherCostOrOtherBasisAmt |
| Book Value | $1,763,196 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $241,938,352 | OtherCostOrOtherBasisAmt |
| Depreciation | $113,437,976 | DepreciationAmt |
| Book Value | $128,500,376 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovementsGrp |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $58,658,057 | OtherCostOrOtherBasisAmt |
| Depreciation | $44,996,662 | DepreciationAmt |
| Book Value | $13,661,395 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $24,907,591 | OtherCostOrOtherBasisAmt |
| Book Value | $24,907,591 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $168,832,558 | TotalBookValueLandBuildingsAmt |
| Financial Derivatives | FinancialDerivativesGrp | |
| Closely Held Equity Interests | CloselyHeldEquityInterestsGrp |
Other Securities OtherSecuritiesGrp (5 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| ALTERNATIVE INVESTMENTS | $19,045,317 | F |
| TRUSTS HELD BY OTHERS | $4,360,768 | F |
| SPLIT INTEREST AGREEMENTS | $2,790,179 | F |
| OTHER | $48,000 | F |
| PRIVATE EQUITY | $15,927,415 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $42,171,679 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| DEPOSITS WITH BOND TRUSTEES | $80,797,289 |
| PREPAID EXP & OTHER ASSETS | $269,955 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $81,067,244 | TotalBookValueOtherAssetsAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| ACCRUED POST RETIREMENT BENEFIT OBL | $6,008,254 |
| ANNUITIES PAYABLE | $2,035,100 |
| CONDITIONAL ASSET RETIREMENT | $6,149,395 |
| REFUNDABLE ADVANCES | $5,835,733 |
| CAPITAL LEASE OBLIGATION | $4,058,745 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $24,087,227 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $269,912,348 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $9,479,086 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $513,971 | OtherRevenueAmt |
| Revenue Not Reported | $9,993,057 | RevenueNotReportedAmt |
| Revenue Subtotal | $259,919,291 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $856,683 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $71,263,271 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $72,119,954 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $332,039,245 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $219,293,209 | TotExpnsEtcAuditedFinclStmtAmt |
| Losses Reported | $7,464 | LossesReportedAmt |
| Other Expenses Included | $955,690 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $963,154 | ExpensesNotReportedAmt |
| Expenses Subtotal | $218,330,055 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $856,683 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $72,218,961 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $73,075,644 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $291,405,699 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Collections of Art, Historical Treasures - FORM 990, SCHEDULE D, PART III | Various Pieces of art that have been donated are on public display for the enrichment and enjoyment of visitors, faculty, staff and students. |
| Endowment Funds - FORM 990, SCHEDULE D, PART V, LINE 4 | The 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 income, determine its filing and tax obligations in jurisdictions for which it has nexus, and to review other matters that may be considered tax positions. Management of the University believes there are no uncertain tax positions. The tax years ended 2014, 2015, 2016 and 2017 are still open to audit for federal purposes. |
| SCHEDULE D, PART XI, LINE 2D | Other Revenue on books not On Return: Post-Retirement Benefit Changes Other Than Net Periodic Costs $309,015 Change In Value Of Split-Interest Agreements 418,305 Uncollectible Contributions from Prior Year (213,349) ---------- Total $513,971 |
| SCHEDULE D, PART XI, LINE 4B | SCHOLARSHIPS reclass to expenses $72,218,961 BOOK STORE COSTS OF GOODS SOLD (648,488) Fundraising Direct Expenses (307,202) ------------ TOTAL $71,263,271 |
| Schedule D, Part XII, Line 2d | Other Expenses included on books not on return BOOKSTORE COSTS OF GOODS SOLD $(648,488) fundraising direct expenses (307,202) _________ TOTAL $(955,690) |
| Schedule D, Part XII, Line 4b | Other Expenses Included on the Return but Not on Books SCHOLARSHIPS NETTED AGAINST REVENUE RECLASSED TO EXPENSES $72,218,961 |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Nondiscrimination Policy - PART I, LINE 3 | 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. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (6 entries)
| RegionRegionTxt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt | EmployeeEmployeeCnt | Specific Services ProvidedSpecificServicesProvidedTxt |
|---|---|---|---|---|
| Central America and the Caribbean | Investments | $27,618,136 | ||
| East Asia and the Pacific | Program Services | $180,757 | 9 | RECRUITMENT |
| South Asia | Program Services | $95,638 | 4 | RECRUITMENT |
| North America | Program Services | $17,274 | 3 | RECRUITMENT |
| Europe (Including Iceland and Greenland) | Program Services | $17,074 | 2 | RECRUITMENT |
| South America | Program Services | $6,442 | 1 | RECRUITMENT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Employees | 19 | SubtotalEmployeesCnt |
| Total Employee | 19 | TotalEmployeeCnt |
| Subtotal Spent | $27,935,321 | SubtotalSpentAmt |
| Total Spent | $27,935,321 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (true) | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (true) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (true) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (true) | ForeignPartnershipInd |
| Boycott Countries | Yes (true) | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule F, Part IV | FormAndLineReferenceDesc |
| Explanation | Stevens Institute of Technology invests in domestic and foreign limited partnerships that may own an interest in a foreign corporation, passive foreign investment company or foreign partnership. To the extent that those investments resulted in transfers of property that exceeded the applicable filing thresholds, the Forms 926, 5471, 8621 and 8865 accompanied the filing of the University's Form 990-T. | ExplanationTxt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Awards Gala | Event1Nm |
| Gross Receipts Event1 | $188,000 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $150,510 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $37,490 | GrossRevenueEvent1Amt |
| Food And Beverage Event1 | $131,949 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $6,995 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $94,508 | OtherDirectExpensesEvent1Amt |
| Event2 | Golf Tournament | Event2Nm |
| Gross Receipts Event2 | $81,000 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $52,230 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $28,770 | GrossRevenueEvent2Amt |
| Rent Facility Costs Event2 | $63,846 | RentFacilityCostsEvent2Amt |
| Other Direct Expenses Event2 | $1,804 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 1 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $12,415 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $6,785 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $5,630 | GrossRevenueOtherEventsAmt |
| Food And Beverage Other Events | $8,100 | FoodAndBeverageOtherEventsAmt |
| Gross Receipts Total | $281,415 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $209,525 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $71,890 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $63,846 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $140,049 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $6,995 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $96,312 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $307,202 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$235,312 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| Scholarships and Grants | 3048 | $72,218,961 |
| Prizes/Awards | 387 | $572,663 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Grants and Other Assistance in U.S. PART I, LINE 2 | FormAndLineReferenceDesc |
| Explanation | Scholarships and grants are awarded as financial assistance to students attending the Stevens Institute of Technology. The distribution and application of the financial assistance are based on the specific criteria of each scholarship and grant and are administered consistent with federal, state, and institutional student aid policies. 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 students eligibility to receive funding. Stevens' administration monitors these situations on an on-going basis and makes any appropriate adjustments. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (true) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (22 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Alan F Blumberg | ||||||||||||||
| Trustee/Professor | $308,125 | $0 | $3,000 | $0 | $0 | $0 | $23,217 | $0 | $6,788 | $0 | $341,130 | $0 | $0 | $0 |
| Rainer Martini | ||||||||||||||
| Trustee/Professor | $176,093 | $0 | $0 | $0 | $0 | $0 | $9,774 | $0 | $19,975 | $0 | $205,842 | $0 | $0 | $0 |
| Nariman Farvardin | ||||||||||||||
| President | $734,013 | $0 | $827,800 | $0 | $21,863 | $0 | $25,175 | $0 | $141 | $0 | $1,608,992 | $0 | $0 | $0 |
| Louis Mayer | ||||||||||||||
| VP FINANCE/TREAS | $372,721 | $0 | $8,000 | $0 | $0 | $0 | $23,850 | $0 | $19,975 | $0 | $424,546 | $0 | $0 | $0 |
| Kathy L Schulz | ||||||||||||||
| VP, GENERAL COUNSEL/Secretary | $308,775 | $0 | $10,000 | $0 | $39,600 | $0 | $23,850 | $0 | $6,788 | $0 | $389,013 | $0 | $0 | $0 |
| Elizabeth Shelton | ||||||||||||||
| AVP Investments/Assist Treas | $196,324 | $0 | $0 | $0 | $0 | $0 | $17,963 | $0 | $141 | $0 | $214,428 | $0 | $0 | $0 |
| Mary Wheeler | ||||||||||||||
| AVP Fin/Asst Treas to 6/10/16 | $116,073 | $0 | $0 | $0 | $0 | $0 | $8,546 | $0 | $7,562 | $0 | $132,181 | $0 | $0 | $0 |
| Mohammad Dehghani | ||||||||||||||
| Vice Provost | $380,076 | $0 | $8,000 | $0 | $0 | $0 | $25,175 | $0 | $14,919 | $0 | $428,170 | $0 | $0 | $0 |
| David Dodd | ||||||||||||||
| VP FOR INFO TECHNOLOGY | $251,338 | $0 | $5,000 | $0 | $0 | $0 | $25,995 | $0 | $15,055 | $0 | $297,388 | $0 | $0 | $0 |
| George Korfiatis | ||||||||||||||
| PROVOST to 8/21/16 | $471,348 | $0 | $6,000 | $0 | $83,552 | $0 | $26,500 | $0 | $17,035 | $0 | $604,435 | $0 | $0 | $0 |
| Robert Maffia | ||||||||||||||
| VP FOR FACILITIES | $261,506 | $0 | $5,000 | $0 | $8,400 | $0 | $23,850 | $0 | $19,845 | $0 | $318,601 | $0 | $0 | $0 |
| MaryBeth Murphy | ||||||||||||||
| VP ENROLLMENT MANAGEMENT | $273,109 | $7,000 | $0 | $25,175 | $10,925 | $316,209 | $0 | |||||||
| Christophe Pierre | ||||||||||||||
| Provost Start 8/22/16 | $188,445 | $0 | $0 | $0 | $16,842 | $0 | $11,813 | $0 | $5,049 | $0 | $222,149 | $0 | $0 | $0 |
| Gregory Prastacos | ||||||||||||||
| DEAN | $361,853 | $0 | $10,000 | $0 | $0 | $0 | $26,500 | $0 | $19,845 | $0 | $418,198 | $0 | $0 | $0 |
| William Remington | ||||||||||||||
| VP Development | $333,402 | $0 | $0 | $0 | $0 | $0 | $26,500 | $0 | $141 | $0 | $360,043 | $0 | $0 | $0 |
| Keith Sheppard | ||||||||||||||
| Interim Dean to 4/30/17 | $259,564 | $0 | $7,000 | $0 | $0 | $0 | $16,600 | $0 | $19,975 | $0 | $303,139 | $0 | $0 | $0 |
| Dinesh Verma | ||||||||||||||
| DEAN to 1/1/17 | $415,724 | $0 | $0 | $0 | $0 | $0 | $23,850 | $0 | $19,975 | $0 | $459,549 | $0 | $0 | $0 |
| William Rouse | ||||||||||||||
| PROFESSOR | $369,804 | $0 | $0 | $0 | $0 | $0 | $22,485 | $0 | $141 | $0 | $392,430 | $0 | $0 | $0 |
| Constantin Chassapis | ||||||||||||||
| VICE PROVOST | $326,965 | $8,000 | $25,175 | $17,963 | $378,103 | |||||||||
| Alexei Miasnikov | ||||||||||||||
| Professor | $310,643 | $0 | $2,000 | $0 | $0 | $0 | $19,210 | $0 | $15,147 | $0 | $347,000 | $0 | $0 | $0 |
| Ralph G Giffin III | ||||||||||||||
| VICE PROVOST | $309,859 | $0 | $0 | $0 | $0 | $0 | $18,706 | $0 | $141 | $0 | $328,706 | $0 | $0 | $0 |
| Hady Salloum | ||||||||||||||
| ASSOC DEAN | $301,206 | $0 | $2,500 | $0 | $0 | $0 | $20,787 | $0 | $141 | $0 | $324,634 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 following officer/key employees also received a housing allowance which is included in their taxable income: Kathy L. Schulz George Korfiatis 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, administrative leaders, and certain key staff for extraordinary performance over a period of one academic year where permitted by law. In contrast to merit-based salary increases, annual incentives do not increase base salary. Incentive compensation may be awarded upon a finding by management that an employee's work has been extraordinary and has clearly contributed toward the goals and mission of Stevens. Incentive compensation, even in cases of extraordinary performance, is not guaranteed, and decisions regarding incentive compensation will be subject to the Board of Trustees and others' determinations as to the financial results of the University and other factors not specified in the plan. Incentive compensation for faculty, staff and administration are recommended by managerial staff, are approved by the President and are within parameters established by the Board of Trustees. Incentive compensation for executive leaders is recommended by the Human Resources Committee of the Board of Trustees and approved by the Human Resources Committee or the full Board of Trustees as part of its consideration of this group (and as further described in Schedule O). Each year, the Human Resources Committee approves the annual performance goals for the executive leaders and will review with the President the process for determining them for each other group or sub-group of employees. |
| Compensation Information, Part II Line 3 | Part II, line 3 contains information about the compensation of the Universitys President, Dr. Nariman Farvardin, paid during the year. All amounts were paid pursuant to the Presidents written five-year contract. In addition to his annual base salary of $734,013, these amounts include (i) a one-time incentive compensation payment of $625,000 associated with specific metrics specified by the Universitys Board of Trustees and achieved over the course of his first five-year term as President and payable in full at the end of his fifth year and (ii) an annual incentive compensation payment of $202,800 associated with achievement of separate metrics for the Universitys fiscal year ended 6/30/16. All incentive compensation amounts were based upon determinations by the full Board of Trustees that objective metrics relating to the Universitys Strategic Plan were achieved and, in many cases exceeded with exceptional performance. In addition, such amounts were reviewed and evaluated for market comparability by the Universitys independent compensation consultant. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| NJ EDU FAC AUTH STEVENS ISSUE 2017 Series A | ||||||||
| A | 221829511 | 646066M31 | 2017-04-04 | $132,589,361 | 1998 & 2007 REFUNDing/Cap. Proj. | false | false | false |
| NJ EDU FAC AUTH CAPITAL IMP Series 2016B | ||||||||
| B | 221829511 | 646066F54 | 2016-12-20 | $30,676,062 | FINANCING NEW CONSTRUCTION | false | false | Yes (true) |
| NJ EDU FAC AUTH Capital Imp Series 2016A | ||||||||
| C | 221829511 | 2016-07-26 | $20,805,115 | 2005 & 2006 RefundING | false | false | Yes (true) | |
| NJ EDU FAC AUTH ELF ISSUE SERIES 2014B | ||||||||
| D | 221829511 | 6460658J4 | 2014-01-30 | $8,131,497 | FINANCE IT INFRASTRUCTURE | false | false | Yes (true) |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Bond DefeasedBondDefeasedAmt | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Capitalized InterestCapitalizedInterestAmt | Refunding EscrowRefundingEscrowAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Credit EnhancementCreditEnhancementAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | UnspentUnspentAmt | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Substantial CompletionSubstantialCompletionYr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $0 | $0 | $132,589,361 | $0 | $0 | $0 | $911,558 | $0 | $0 | $12,832,877 | $60,887,803 | $57,967,123 | Yes (true) | false | false | ||
| B | $0 | $0 | $17,575,574 | $0 | $0 | $0 | $141,254 | $0 | $0 | $17,434,320 | $0 | $0 | false | false | false | Yes (true) | |
| C | $105,700 | $0 | $1,182,407 | $0 | $0 | $0 | $2,752 | $0 | $0 | $1,179,655 | $0 | $0 | Yes (true) | false | Yes (true) | Yes (true) | 2016 |
| D | $295,373 | $0 | $4,500,000 | $0 | $0 | $0 | $30,311 | $0 | $0 | $4,469,689 | $0 | $0 | false | false | false | Yes (true) | 2017 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Engage Bond Counsel ResearchEngageBondCounselResearchInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Remedial Action TakenRemedialActionTakenInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | false | false | Yes (true) | Yes (true) | Yes (true) | Yes (true) | 0 | false | false | false | Yes (true) |
| B | false | false | false | false | 0 | false | false | false | Yes (true) | ||
| C | false | false | Yes (true) | Yes (true) | Yes (true) | Yes (true) | 0 | false | false | false | Yes (true) |
| D | false | false | Yes (true) | Yes (true) | Yes (true) | Yes (true) | 0 | false | false | false | Yes (true) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Business Name Line1GICProviderName/BusinessNameLine1Txt | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | ||||||||||
| A | false | Yes (true) | false | false | false | false | false | 0 | false | Yes (true) |
| 0 | ||||||||||
| B | false | Yes (true) | false | false | false | false | false | 0 | false | Yes (true) |
| 0 | ||||||||||
| C | false | Yes (true) | false | false | false | false | false | 0 | false | Yes (true) |
| 0 | ||||||||||
| D | false | Yes (true) | false | false | false | false | false | 0 | false | Yes (true) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (true) |
| B | Yes (true) |
| C | Yes (true) |
| D | Yes (true) |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule K, PART I, Bond ISSUES a-d | FormAndLineReferenceDesc |
| Explanation | 1. BOND ISSUE A Columns (E) & (F): 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 Gianforte Family Academic Center; (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. 2. BOND ISSUE B - COLUMNS (E) & (F): 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 $17,434,000 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 Gianforte Family Academic Center. Stevens principal portion is $8,522,585 and is recorded on THE books as long term debt, payable over 20 years. 3. BOND ISSUE C - COLUMNS (E) AND (F): 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 advance 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. 4. BOND ISSUE D - COLUMN (A): These bonds were issued pursuant to a legislatively created state-backed program, Higher Education Equipment Leasing Fund, to finance capital improvements for New Jersey colleges and universities. The bonds are repayable in part by state appropriations. Bond proceeds of $8,131,497 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 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 de minimis, therefore, a percentage was not disclosed. | ExplanationTxt |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArtGrp | |
| Art Historical Treasures | ArtHistoricalTreasuresGrp | |
| Art Fractional Interest | ArtFractionalInterestGrp | |
| Books And Publications | BooksAndPublicationsGrp | |
| Clothing And Household Goods | ClothingAndHouseholdGoodsGrp | |
| Cars And Other Vehicles | CarsAndOtherVehiclesGrp | |
| Boats And Planes | BoatsAndPlanesGrp | |
| Intellectual Property | IntellectualPropertyGrp |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 16 | ContributionCnt |
| Noncash Contributions Rpt F990 | $173,020 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStockGrp | |
| Secur Prtnrshp Trust Intrsts | SecurPrtnrshpTrustIntrstsGrp | |
| Securities Miscellaneous | SecuritiesMiscellaneousGrp | |
| Qualified Contrib Hist Struct | QualifiedContribHistStructGrp | |
| Qualified Contrib Other | QualifiedContribOtherGrp | |
| Real Estate Residential | RealEstateResidentialGrp | |
| Real Estate Commercial | RealEstateCommercialGrp | |
| Real Estate Other | RealEstateOtherGrp | |
| Collectibles | CollectiblesGrp | |
| Food Inventory | FoodInventoryGrp | |
| Drugs And Medical Supplies | DrugsAndMedicalSuppliesGrp | |
| Taxidermy | TaxidermyGrp | |
| Historical Artifacts | HistoricalArtifactsGrp | |
| Scientific Specimens | ScientificSpecimensGrp | |
| Archaeological Artifacts | ArchaeologicalArtifactsGrp |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | Misc Equipment | Desc |
| Contribution | 8 | ContributionCnt |
| Noncash Contributions Rpt F990 | $88,405 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (true) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (true) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | NON-CASH CONTRIBUTIONS | FormAndLineReferenceDesc |
| Explanation | LINE 9 - To the extent that the University receives contributions of securities, the University's investment brokerage bank is tasked with selling those securities promptly. 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. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Governing Body and Management - Form 990, Part VI, Line 3 | The full legal name of the University is The Trustees of the Stevens Institute of Technology. Stevens Institute of Technology is commonly used as a "doing business name". 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. The University retained Attain, LLC, to provide the services of a professional trustee to serve as the Chair of Stevens Audit Committee (as contemplated by the University's by-laws). During fiscal year 2017, the university paid Attain $66,447 for these services. This role was filled by Ronald E. Salluzzo, a senior partner in the higher education and academic medical center practice at Attain. Governing Body and Management - Form 990, Part VI, Line 4 During the year, the Board of Trustees conducted a review of Stevens Bylaws and committee charters in light of various changes in applicable law and regulations and current practices among tax-exempt universities. The Board approved revisions to the Bylaws and the charter of the Executive Committee to support the efficient functioning of the Boards Executive Committee in acting on behalf of the Board of Trustees in limited circumstances and notification to the full Board of such action, implementation of a trustee evaluation process prior to re-election for a subsequent term in lieu of fixed term limits and clarification of the status of the president as a voting ex-officio member of the Board, along with a number of housekeeping changes. The Board expects to conduct a review of this type from time to time as a matter of good governance. 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. 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 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 investigated, discussed with relevant personnel and, if necessary, the conflict is eliminated or managed pursuant to a conflict management plan or device supervised by the Chair of the Board of Trustees or the Chair of the Audit Committee, with advice from the Office of Audit, Risk and Compliance and the General Counsel. In addition, conflicts are identified by the officers of the Institution and staff at other levels of the Institution as they arise from time to time and are referred to the Office of Audit, Risk and Compliance and the General Counsel for further analysis and resolution. Certain conflicts relating to research activities may be managed by the Director of the Office of Sponsored Programs, with advice from the Office of Audit, Risk and Compliance and the General Counsel. |
| Compensation - Form 990, PART VI, 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 the President for calendar year 2016, 5 additional positions were approved: Provost and University Vice President Chief Financial Officer and Treasurer Dean of School of Systems Engineering Dean of School of Engineering and Science 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 Committees actions: Vice President, General Counsel and Secretary Vice President for Alumni and Development Vice President for Facilities and Campus Operations Vice President for Enrollment Management and Student Affairs Vice President for Information Technology Vice President for Communications and Marketing Vice President for Human Resources Chief of Staff and Director of Government and Community Relations 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 national professional 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 Universitys salaries with a core comparison market. 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 took contemporaneous minutes of each meeting of the Board and the Human Resources Committee at which these compensation decisions were made, except with respect to her own compensation. |
| Disclosure - FORM 990, PART VI, LINE 19 | The governing documents of the University together with charters for committees 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 net periodic costs $309,015 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 418,305 Uncollectible Contributions from Prior Year (213,349) ---------- TOTAL $513,971 |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Castle Point Holdings Inc | ||||||||||||
| One Castle Point on hudson | Hoboken | NJ | 07030 | 204264786 | Tech Transfer | NJ | Stevens Instit | C Corp | -$8,601 | $614,369 | 1.00000 | Yes (true) |
| CHARITABLE REMAINDER TRUST (1) | ||||||||||||
| TRUST | OH | NA | TRUST | Yes (true) | ||||||||
| CHARITABLE REMAINDER UNITRUST (5) | ||||||||||||
| TRUST | NA | TRUST | Yes (true) | |||||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (true) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule R, Part IV, Column (C) | FormAndLineReferenceDesc |
| Explanation | The charitable remainder unitrusts listed on Part IV, line 2 have the following legal domiciles: MD NJ (2) NC PA | ExplanationTxt |