THE TRUSTEES OF THE STEVENS INSTITUTE OF TECHNOLOGY: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- THE TRUSTEES OF THE STEVENS INSTITUTE OF TECHNOLOGY (EIN 22-1487354)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-16
- IRS object ID
- 201121369349307352
- Schema version
- 2009v1.7
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-16T20:52:34-05:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 666 THIRD AVENUE | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 100174011 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 221487354 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STEVENS INSTITUTE OF TECHNOLOGY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | STEV | NameControl |
| Phone | 2012168761 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | CASTLE POINT ON HUDSON | AddressLine1 |
| City | HOBOKEN | City |
| State | NJ | State |
| ZIP Code | 07030 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RANDY GREENE | Name |
| Title | TREASURER | Title |
| Date Signed | 2011-05-16 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2125429609 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | george korfiatis | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | CASTLE POINT ON HUDSON | AddressLine1 |
| City | HOBOKEN | City |
| State | NJ | State |
| ZIP Code | 07030 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 237032555 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.STEVENS.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1870 | YearFormation |
| State Legal Domicile | NJ | StateLegalDomicile |
| Activity Or Mission Description | THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE EDUCATIONAL SERVICES TO INDIVIDUALS IN PURSUIT OF AN UNDERGRADUATE, MASTERS AND/OR DOCTORATE DEGREE, AND TO conduct research. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 23 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 19 | NbrIndependentVotingMembers |
| Total Nbr Employees | 3200 | TotalNbrEmployees |
| Total Nbr Volunteers | 280 | TotalNbrVolunteers |
| Total Gross UBI | 144373 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -41688 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 8589622 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 12035138 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 169688518 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 188274935 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -7097979 | InvestmentIncomePriorYear |
| Investment Income Current Year | 9010207 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 3428384 | OtherRevenuePriorYear |
| Other Revenue Current Year | 2211915 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 174608545 | TotalRevenuePriorYear |
| Total Revenue Current Year | 211532195 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 32906588 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 37496518 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 92762097 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 99389506 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 98790 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 6544429 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 60697955 | OtherExpensePriorYear |
| Other Expenses Current Year | 66129919 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 186465430 | TotalExpensesPriorYear |
| Total Expenses Current Year | 203015943 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -11856885 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 8516252 | RevenuesLessExpensesCY |
| Total Assets BOY | 290632387 | TotalAssetsBOY |
| Total Assets EOY | 300995440 | TotalAssetsEOY |
| Total Liabilities BOY | 132580012 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 137228951 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 158052375 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 163766489 | NetAssetsOrFundBalancesEOY |
| Mission Description | STEVENS INSTITUTE OF TECHNOLOGY was FOUNDED IN 1870. the institute is a non-profit research university offering more than 30 undergraduate majors including programs in engineering, the sciences, computer science, business, and the humanities; and graduate level courses in a range of disciplines leading to the master's and Phd degrees. academic research is carried out at every level of the institute. for more information please refer to www.stevens.edu. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 130419644 | Expense |
| Grants | 37496518 | Grants |
| Revenue | 135312484 | Revenue |
| Description | educational instruction: in the academic year 2009-2010, stevens' enrollment was 2240 undergraduate students and 3700 graduate students. more than 400 students graduated with bachelor of engineering, science or arts degrees, and 1268 students received master's in Engineering, science, business administration or arts. phd and engineering degrees were also conferred. in addition, stevens collaborated with numerous domestic and international universities and other educational programs to provide courses and training to international students. stevens emphasizes innovation and teaches entrepreneurship throughout its curriculum with the aim of enabling the integration of technological and market knowledge. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 19804574 | Expense |
| Grants | 0 | Grants |
| Revenue | 18489641 | Revenue |
| Description | STUDENT LIFE: STEVENS INSTITUTE MAINTAINS A 55 ACRE CAMPUS IN HOBOKEN, NEW JERSEY AND PROVIDES STUDENTS WITH ON CAMPUS AND OFF CAMPUS HOUSING AS WELL AS SEVERAL DINING FACILITIES. CLOSE INTERACTIONS BETWEEN PROFESSORS AND STUDENTS ALLOW FOR GREATER ACADEMIC AND SOCIAL DEVELOPMENT. THERE ARE OVER 120 CLUBS, ORGANIZATIONS AND VARSITY SPORTS THAT OFFER THE STUDENTS AMPLE OPPORTUNITY TO PARTICIPATE, BROADEN AND ENRICH THEIR STUDENT LIFE. THE S.C. WILLIAMS LIBRARY SERVES AS THE INSTITUTE'S INTELLECTUAL, CULTURAL AND SOCIAL CENTER CAPITALIZING ON A RESOURCEFUL STAFF AND NEW TECHNOLOGIES TO FOSTER A STIMULATING ENVIRONMENT FOR TEACHING, LEARNING, AND SCIENTIFIC DISCOVERY. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 27963813 | Expense |
| Grants | 0 | Grants |
| Revenue | 34472810 | Revenue |
| Description | RESEARCH: THE RESEARCH ENTERPRISE INCLUDES ACADEMIC RESEARCH, NATIONAL RESEARCH CENTERS, AND CROSS-DISCIPLINARY RESEARCH INITIATIVES, WITH SUPPORTING ORGANIZATIONS AND INFRASTRUCTURE. CREATIVE AND ENTREPRENEURIAL RESEARCH IS AN INTEGRAL PART OF THE STEVENS MISSION. THE INSTITUTE HAS BEEN RECOGNIZED BY BOTH THE U.S. DEPARTMENT OF DEFENSE AND THE DEPARTMENT OF HOMELAND SECURITY AS A NATIONAL CENTER OF EXCELLENCE IN THE AREAS OF SYSTEMS ENGINEERING, PORT SECURITY AND INFORMATION ASSURANCE. THE FUNDAMENTAL PRINCIPLES GOVERNING THE RESEARCH ENVIRONMENT ARE INNOVATION, CREATIVITY AND ENTREPRENEURSHIP. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 178188031 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | true | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | true | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | true | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | true | ForeignOffice |
| Foreign Activities | true | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | true | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | true | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | true | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | true | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 339 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 3200 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | true | ForeignFinancialAccount |
| Name Of Foreign Country | DR | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Nbr Voting Governing Body Members | 23 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 19 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | true | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | false | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | RANDY GREENE | NamePerson |
| Telephone Number | 2012168761 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | CASTLE POINT ON HUDSON | AddressLine1 |
| City | HOBOKEN | City |
| State | NJ | State |
| ZIP Code | 07030 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (40 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| Lawrence T Babbio Jr | ||||||||
| Chairman/trustee | 1.0 | X | X | 0 | 0 | 0 | ||
| Kenneth W DeBaun | ||||||||
| Vice Chairman/trustee | 1.0 | X | X | 0 | 0 | 0 | ||
| Steven Shulman | ||||||||
| Vice Chairman/trustee | 1.0 | X | X | 0 | 0 | 0 | ||
| Harold J Raveche | ||||||||
| President (Retired 06/30/10) | 60.0 | X | X | 999649 | 0 | 207600 | ||
| Stephen T Boswell | ||||||||
| trustee | 1.0 | X | 0 | 0 | 0 | |||
| Thomas A Corcoran | ||||||||
| trustee | 1.0 | X | 0 | 0 | 0 | |||
| Edward C Eichhorn | ||||||||
| trustee | 1.0 | X | 0 | 0 | 0 | |||
| David J Farber | ||||||||
| trustee | 1.0 | X | 0 | 0 | 0 | |||
| Martin C Fliesler | ||||||||
| trustee | 1.0 | X | 0 | 0 | 0 | |||
| Katherine E Freed | ||||||||
| trustee | 1.0 | X | 0 | 0 | 0 | |||
| Mark LaRosa | ||||||||
| trustee | 1.0 | X | 0 | 0 | 0 | |||
| Richard S Magee | ||||||||
| trustee | 1.0 | X | 30000 | 0 | 0 | |||
| Spyros Polemis | ||||||||
| trustee | 1.0 | X | 0 | 0 | 0 | |||
| Richard R Roscitt | ||||||||
| trustee | 1.0 | X | 0 | 0 | 0 | |||
| Virginia P Ruesterholz | ||||||||
| trustee | 1.0 | X | 0 | 0 | 0 | |||
| John A Schepisi | ||||||||
| trustee | 1.0 | X | 0 | 0 | 0 | |||
| Frank S Sorrentino | ||||||||
| trustee | 1.0 | X | 0 | 0 | 0 | |||
| Richard F Spanier | ||||||||
| trustee | 1.0 | X | 0 | 0 | 0 | |||
| James M Walsh | ||||||||
| trustee | 1.0 | X | 0 | 0 | 0 | |||
| mary a doddy | ||||||||
| trustee | 1.0 | X | 0 | 0 | 0 | |||
| RONALD E SALLUZZO | ||||||||
| trustee | 1.0 | X | 45548 | 0 | 0 | |||
| andrew g kaplan | ||||||||
| trustee | 1.0 | X | 0 | 0 | 0 | |||
| Philip P crowley | ||||||||
| trustee | 1.0 | X | 0 | 0 | 0 | |||
| frank j semcer sr | ||||||||
| trustee | 1.0 | X | 0 | 0 | 0 | |||
| Randy L Greene | ||||||||
| Treasurer | 60.0 | X | 414914 | 0 | 25736 | |||
| Mark Samolewicz | ||||||||
| Secretary | 60.0 | X | 146395 | 0 | 25029 | |||
| Diana Colombo | ||||||||
| Assistant Secretary | 60.0 | X | 75606 | 0 | 17029 | |||
| FREDERICK REGAN | ||||||||
| vice president | 60.0 | X | 274464 | 0 | 33446 | |||
| Michael S Bruno | ||||||||
| Dean | 60.0 | 324911 | 0 | 30850 | X | |||
| Henry P Dobbelaar Jr | ||||||||
| Vice President | 60.0 | 279730 | 0 | 20600 | X | |||
| Lisa Dolling | ||||||||
| Dean | 60.0 | 154787 | 0 | 11469 | X | |||
| George P Korfiatis | ||||||||
| Provost | 60.0 | 567282 | 0 | 27906 | X | |||
| Maureen P Weatherall | ||||||||
| Vice President | 60.0 | 460884 | 0 | 25906 | X | |||
| Dinesh Verma | ||||||||
| Dean | 60.0 | 377393 | 0 | 31124 | X | |||
| Charles koeller | ||||||||
| Dean | 60.0 | 155432 | 0 | 13523 | X | |||
| STUART TEWKSBURY | ||||||||
| professor | 60.0 | 253956 | 0 | 25902 | X | |||
| Lex McCusker | ||||||||
| associate Dean | 60.0 | 323716 | 0 | 33574 | X | |||
| Constantin Chassapis | ||||||||
| Associate Dean | 60.0 | 285451 | 0 | 31936 | X | |||
| Souran Manoochehri | ||||||||
| Associate Dean | 60.0 | 270462 | 0 | 13993 | X | |||
| Ralph Giffin | ||||||||
| Associate Provost | 60.0 | 266051 | 0 | 12917 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 5706631 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 588540 | TotalOtherCompensation |
| Number Individuals GT100 K | 203 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| SODEXHO OPERATIONS | |||||
| BOX 83049 | WOBURN | MA | 018131049 | FOOD SRVC MANAGEMENT | 6230378 |
| gca service group | |||||
| po box 643823 | PITTSBURGH | PA | 15264 | MAINTENANCE | 1722647 |
| rencor inc | |||||
| 24 tannery road | SOMERVILLE | NJ | 08876 | CONSTRUCTION | 955598 |
| GRANT THORNTON LLP | |||||
| 666 THIRD AVENUE | NEW YORK | NY | 10017 | AUDIT/CONSULTING | 641293 |
| morgan stanley | |||||
| 522 5th avenue 11th floor | NEW YORK | NY | 10036 | investment services | 617828 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 28 | NumberOfContractorsGT100K |
| Fundraising Events | 138019 | FundraisingEvents |
| Government Grants | 791345 | GovernmentGrants |
| All Other Contributions | 11105774 | AllOtherContributions |
| Noncash Contributions | 280436 | NoncashContributions |
| Total Contributions | 12035138 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION & FEES | 611600 | 135312484 | 135312484 |
| RESEARCH GRANTS | 541700 | 34472810 | 34472810 |
| ROOM AND BOARD | 611710 | 11519637 | 11519637 |
| STUDENT DINING | 611710 | 6970004 | 6970004 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 188274935 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2153703 | TotalRevenueColumn |
| Unrelated Business Revenue | 41208 | UnrelatedBusinessRevenue |
| Exclusion | $2,112,495 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 53048 | TotalRevenueColumn |
| Exclusion | $53,048 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 488084 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 488084 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 488084 | TotalRevenueColumn |
| Unrelated Business Revenue | 15039 | UnrelatedBusinessRevenue |
| Exclusion | $473,045 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 30914442 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 24110986 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 6803456 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 6803456 | TotalRevenueColumn |
| Exclusion | $6,803,456 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 62740 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 138019 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 111516 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -48776 | TotalRevenueColumn |
| Exclusion | -$48,776 | ExclusionAmount |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 1816951 | GrossSalesOfInventory |
| Cost Of Goods Sold | 1277858 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 539093 | TotalRevenueColumn |
| Unrelated Business Revenue | 3089 | UnrelatedBusinessRevenue |
| Exclusion | $536,004 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| OTHER AUXILIARY REVENUE | 611710 | 27656 | $27,656 |
| DINING SERVICES | 722210 | 165343 | $165,343 |
| REC CENTER FEES | 713940 | 94714 | $94,714 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 945801 | TotalRevenueColumn |
| Unrelated Business Revenue | 85037 | UnrelatedBusinessRevenue |
| Exclusion | $860,764 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1233514 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 211532195 | TotalRevenueColumn |
| Related Or Exempt Function Income | 188274935 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 144373 | UnrelatedBusinessRevenue |
| Exclusion | $11,077,749 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 37467368 | Total |
| Program Services | 37467368 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 29150 | Total |
| Program Services | 29150 | ProgramServices |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5257959 | Total |
| Program Services | 4469265 | ProgramServices |
| Management And General | 578376 | ManagementAndGeneral |
| Fundraising | 210318 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 79166563 | Total |
| Program Services | 67291579 | ProgramServices |
| Management And General | 8708321 | ManagementAndGeneral |
| Fundraising | 3166663 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4060316 | Total |
| Program Services | 3451268 | ProgramServices |
| Management And General | 446635 | ManagementAndGeneral |
| Fundraising | 162413 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6397389 | Total |
| Program Services | 5437780 | ProgramServices |
| Management And General | 703713 | ManagementAndGeneral |
| Fundraising | 255896 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4507279 | Total |
| Program Services | 3831187 | ProgramServices |
| Management And General | 495801 | ManagementAndGeneral |
| Fundraising | 180291 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2030974 | Total |
| Program Services | 1726328 | ProgramServices |
| Management And General | 223407 | ManagementAndGeneral |
| Fundraising | 81239 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 775056 | Total |
| Program Services | 658798 | ProgramServices |
| Management And General | 85256 | ManagementAndGeneral |
| Fundraising | 31002 | Fundraising |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 356903 | Total |
| Program Services | 303368 | ProgramServices |
| Management And General | 53535 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1551733 | Total |
| Program Services | 1318973 | ProgramServices |
| Management And General | 232760 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4478777 | Total |
| Program Services | 3806961 | ProgramServices |
| Management And General | 492665 | ManagementAndGeneral |
| Fundraising | 179151 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 259153 | Total |
| Program Services | 220280 | ProgramServices |
| Management And General | 28507 | ManagementAndGeneral |
| Fundraising | 10366 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3661056 | Total |
| Program Services | 3111898 | ProgramServices |
| Management And General | 402716 | ManagementAndGeneral |
| Fundraising | 146442 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2290265 | Total |
| Program Services | 1946725 | ProgramServices |
| Management And General | 251929 | ManagementAndGeneral |
| Fundraising | 91611 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11163707 | Total |
| Program Services | 9489151 | ProgramServices |
| Management And General | 1228008 | ManagementAndGeneral |
| Fundraising | 446548 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4575307 | Total |
| Program Services | 3889011 | ProgramServices |
| Management And General | 503284 | ManagementAndGeneral |
| Fundraising | 183012 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 31750 | Total |
| Program Services | 26988 | ProgramServices |
| Management And General | 3492 | ManagementAndGeneral |
| Fundraising | 1270 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3394029 | Total |
| Program Services | 2884925 | ProgramServices |
| Management And General | 373343 | ManagementAndGeneral |
| Fundraising | 135761 | Fundraising |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7225436 | Total |
| Program Services | 6141621 | ProgramServices |
| Management And General | 794798 | ManagementAndGeneral |
| Fundraising | 289017 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 746310 | Total |
| Program Services | 634364 | ProgramServices |
| Management And General | 82094 | ManagementAndGeneral |
| Fundraising | 29852 | Fundraising |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| RESEARCH CONTRACTS | 6728107 | 5718891 | 740092 | 269124 |
| DINING ROOM FOOD PURCHASES | 5375614 | 4569271 | 591318 | 215025 |
| LABORATORY SUPPLIES | 3547634 | 3015489 | 390240 | 141905 |
| EQUIPMENT RENTAL | 2489261 | 2115872 | 273819 | 99570 |
| TELEPHONE | 615260 | 522971 | 67679 | 24610 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4833587 | Total |
| Program Services | 4108549 | ProgramServices |
| Management And General | 531695 | ManagementAndGeneral |
| Fundraising | 193343 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 203015943 | Total |
| Program Services | 178188031 | ProgramServices |
| Management And General | 18283483 | ManagementAndGeneral |
| Fundraising | 6544429 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 95485 | BOY |
| EOY | 60672 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31424304 | BOY |
| EOY | 35653236 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4011550 | BOY |
| EOY | 6751601 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22571033 | BOY |
| EOY | 28345909 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 784324 | BOY |
| EOY | 784324 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 296976 | BOY |
| EOY | 281401 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 811966 | BOY |
| EOY | 604470 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 226461398 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 97218959 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 130434383 | BOY |
| EOY | 129242439 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 55762801 | BOY |
| EOY | 56080182 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 34497727 | BOY |
| EOY | 34250351 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9941838 | BOY |
| EOY | 8940855 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 290632387 | BOY |
| EOY | 300995440 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13569206 | BOY |
| EOY | 16827832 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8517229 | BOY |
| EOY | 7734497 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 79592355 | BOY |
| EOY | 79063915 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13412800 | BOY |
| EOY | 15467416 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17488422 | BOY |
| EOY | 18135291 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 132580012 | BOY |
| EOY | 137228951 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6954513 | BOY |
| EOY | 9529031 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44228856 | BOY |
| EOY | 46194336 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 106869006 | BOY |
| EOY | 108043122 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 158052375 | BOY |
| EOY | 163766489 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 290632387 | BOY |
| EOY | 300995440 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbying | |
| Total Direct Lobbying | TotalDirectLobbying | |
| Total Lobbying Expenditures | TotalLobbyingExpenditures | |
| Other Exempt Purpose Expenditures | OtherExemptPurposeExpenditures | |
| Total Exempt Purpose Expenditures | TotalExemptPurposeExpenditures | |
| Lobbying Nontaxable | LobbyingNontaxableAmount | |
| Grassroots Nontaxable | GrassrootsNontaxableAmount | |
| Tot Lobbying Grassroot Minus Non Tx | TotLobbyingGrassrootMinusNonTx | |
| Tot Lobby Expend Mns Lobbying Nontx | TotLobbyExpendMnsLobbyingNontx | |
| Volunteers | false | Volunteers |
| Paid Staff Or Management | true | PaidStaffOrManagement |
| Media Advertisements | false | MediaAdvertisements |
| Mailings Members | false | MailingsMembers |
| Publications Or Broadcast | false | PublicationsOrBroadcast |
| Grants Other Organizations | false | GrantsOtherOrganizations |
| Direct Contact Legislators | true | DirectContactLegislators |
| Direct Contact Legislators | $356,903 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | false | RalliesDemonstrations |
| Other Activities | false | OtherActivities |
| Total Lobbying Expenditures IIB | 356903 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | false | NotDescribedIn501c3 |
Schedule D IRS990ScheduleD
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets In Part X | 316405 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Solicited Assets For Sale | false | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 129122256 | BeginningOfYearBalance |
| Contributions | 742425 | Contributions |
| Investment Earnings Or Losses | 8926018 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 4576447 | GrantsOrScholarships |
| End Of Year Balance | 134214252 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 155485695 | BeginningOfYearBalance |
| Contributions | 788435 | Contributions |
| Investment Earnings Or Losses | -24764095 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 2387779 | GrantsOrScholarships |
| End Of Year Balance | 129122256 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.03720 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.96280 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | true | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1763196 | OtherCostOrOtherBasis |
| Book Value | 1763196 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 188026399 | OtherCostOrOtherBasis |
| Depreciation | 83475581 | Depreciation |
| Book Value | 104550818 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 21084514 | OtherCostOrOtherBasis |
| Depreciation | 13743378 | Depreciation |
| Book Value | 7341136 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 15587289 | OtherCostOrOtherBasis |
| Book Value | 15587289 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 129242439 | TotalOfBookValueLandBuildings |
| Financial Derivatives | FinancialDerivatives | |
| Closely Held Equity Interests | CloselyHeldEquityInterests |
Other Securities OtherSecurities (4 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| ALTERNATIVE INVESTMENTS | 27964040 | F |
| TRUSTS HELD BY OTHERS | 2362332 | F |
| SPLIT INTEREST AGREEMENTS | 3557470 | F |
| OTHER | 366509 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 34250351 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ACCRUED POSTRETIREMENT BENEFIT | $5,043,277 |
| ANNUITIES PAYABLE | $2,077,688 |
| CONDITIONAL ASSET RETIREMENT | $5,883,270 |
| REFUNDABLE ADVANCES | $5,131,056 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 18135291 | TotalOfAmounts |
| Total Revenue | 211532195 | TotalRevenue |
| Total Expenses | 203015943 | TotalExpenses |
| Excess Or Deficit For Year | 8516252 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 1445295 | NetUnrealizedGLOnInvestments |
| Other | -$4,247,433 | OtherAmount |
| Total Adjustments | -2802138 | TotalAdjustments |
| Excess Or Deficit Per FS | 5714114 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 174791361 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 1445295 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 1445295 | RevenueNotRptdF990 |
| Revenue Subtotal | 173346066 | RevenueSubtotal |
| Investment Expenses Not Included | 1551733 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 36634396 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 38186129 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 211532195 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 164829814 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 862122 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 862122 | ExpensesNotRptdF990 |
| Expenses Subtotal | 163967692 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 1551733 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 37496518 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 39048251 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 203015943 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| COLLECTIONS OF ART, HISTORICAL TREASURES, OR OTHER SIMILAR ASSETS | FORM 990, SCHEDULE D, PART III | |
| ENDOWMENT FUNDS | FORM 990, SCHEDULE D, PART V | LINE 4 - the Institute's endowment fund is intended to support scholarships for undergraduate and graduate students, and to provide financial assistance for programs and services conducted by the Institute. |
| INCOME TAXES | FORM 990, SCHEDULE D, PART X | The Institute adopted ASC 740-10 as of July 1, 2007. ASC 740-10 clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This section provides that the tax effects from an uncertain tax position can be recognized in the financial statements only if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. The Institute has processes presently in place to ensure the maintenance of its tax-exempt status, to identify and report unrelated income, determine its filing and tax obligations in jurisdictions for which it has nexus, and to review other matters that may be considered tax positions. Management of the Institute believes there are no uncertain tax positions. Therefore, the adoption of ASC 740-10 did not have any impact on the Institute's financial statements. |
| RECONCILIATION OF CHANGE IN NET ASSETS | FORM 990, SCHEDULE D, PART XI, LINE 8 | post-retirement benefit changes other than periodic costs $(1,698,540) change in value of split interest agreements 75,700 OTHER (2,624,593) ------------ TOTAL $(4,247,433) ============ |
| OTHER REVENUE INCLUDED ON RETURN BUT NOT ON BOOKS | FORM 990, SCHEDULE D, PART XII, LINE 4b | SCHOLARSHIPS NET ON Financial statements reclassed to expenses (Part IX, Line 2) $37,496,518 Book store costs of goods sold, net of interdepartment sales, included in expenses on financial statements ($862,122) ------------ Total $36,634,396 ============= |
| OTHER EXPENSES INCLUDED ON RETURN BUT NOT ON BOOKS | FORM 990, SCHEDULE D, PART XIII, LINE 2d | Book store costs of goods sold, net of interdepartment sales, included in expenses on financial statements ($862,122) ========== FORM 990, SCHEDULE D, PART XIII, LINE 4b SCHOLARSHIPS NET ON Financial statements reclassed to expenses (Part IX, Line 2) $37,496,518 ============ |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Pub Via Broadcast Media Expln | THE STEVENS INSTITUTE OF TECHNOLOGY NONDISCRIMINATion POLICY IS DISTRIBUTED ANNUALLY AS WELL AS PRINTED IN STUDENT MATERIALS AND ON ITS WEBSITE. | PubViaBroadcastMediaExpln |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Govt Financial Aid Explanation | STEVENS RECEIVES FUNDING FROM VARIOUS GOVERNMENTAL SOURCES INCLUDING, but NOT LIMITED TO, PELL, ACG, NATIONAL SMART, PERKINS AND FSEOG. | GovtFinancialAidExplanation |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | true | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable (5 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| Central America and the Caribbean | 1 | 2 | Program Services | GRADUATE EDUCATION | 227387 |
| East Asia and the Pacific | 0 | 1 | Program Services | continuing education | 85000 |
| South Asia | 0 | 1 | Program Services | academic recruiting | 26260 |
| Central America and the Caribbean | 0 | 0 | Grantmaking | 29150 | |
| Central America and the Caribbean | Investments |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Offices | 1 | TotalNumberOfOffices |
| Total Number Of Employees | 4 | TotalNumberOfEmployees |
| Total Amount Spent | 367797 | TotalAmountSpent |
Grants To Ind Outside US GrantsToIndOutsideUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Assistance | SCHOLARSHIPS | TypeOfAssistance |
| Region | Cent. America/Caribbean | Region |
| Number Of Recipients | 22 | NumberOfRecipients |
| Amount Of Cash Grant | 29150 | AmountOfCashGrant |
| Manner Of Cash Disbursement | other | MannerOfCashDisbursement |
Form990 Schedule F Part IV Form990ScheduleFPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | STATEMENT OF ACTIVITIES OUTSIDE THE UNITED STATES | Identifier |
| Return Reference | FORM 990, SCHEDULE F, PART I | ReturnReference |
| Explanation | LINE 2 - Central America: Scholarships equal up to 10% of program tuition ($3,000 per student) are awarded to students enrolled in a graduate program conducted in the Dominican Republic. Recipients are selected on the basis of academic performance and demonstrated finanical need. Student scholarships are applied to the students' bursar accounts; therefore, there are no cash transactions involving the students. | Explanation |
Schedule G IRS990ScheduleG
Fundraiser Activity Information FundraiserActivityInformation (3 entries)
| Name Of IndividualNameOfIndividual | ActivityActivity | Fundraiser Control Of FundsFundraiserControlOfFunds |
|---|---|---|
| SNAVELY ASSOCIATES | CAMPAIGN | false |
| AFRC INC | CAMPAIGN | false |
| ACS SERVICES | CAMPAIGN | false |
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | President Gala | NameOfEvent1 |
| Gross Receipts Event1 | 104698 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 89548 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 15150 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 12267 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 30097 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 500 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 34348 | OtherDirectExpensesEvent1 |
| Name Of Event2 | Golf Outing | NameOfEvent2 |
| Gross Receipts Event2 | 78881 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 39881 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 39000 | GrossRevenueEvent2 |
| Rent Facility Costs Event2 | 25765 | RentFacilityCostsEvent2 |
| Other Direct Expenses Event2 | 539 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 1 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 17180 | GrossReceiptsOtherEvents |
| Charitable Contrib Other Events | 8590 | CharitableContribOtherEvents |
| Gross Revenue Other Events | 8590 | GrossRevenueOtherEvents |
| Rent Facility Costs Other Events | 6000 | RentFacilityCostsOtherEvents |
| Food And Beverage Other Events | 2000 | FoodAndBeverageOtherEvents |
| Gross Receipts Total | 200759 | GrossReceiptsTotal |
| Charitable Contributions Total | 138019 | CharitableContributionsTotal |
| Gross Revenue Total Events | 62740 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 44032 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 32097 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 500 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 34887 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 111516 | DirectExpenseSummaryEvents |
| Net Income Summary | -48776 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS AND GRANTS | TypeOfGrant |
| Number Of Recipients | 4416 | NumberOfRecipients |
| Amount Of Cash Grant | 37467368 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | GRANTS AND OTHER ASSISTANCE IN THE U.S. | Identifier |
| Return Reference | FORM 990, SCHEDULE I, PART I, LINE 2 | ReturnReference |
| Explanation | Scholarships and grants are awarded as financial assistance to students attending the Stevens Institute of Technology. The distribution and application of the financial assistance are based on the specific criteria of each scholarship and grant and are administered consistent with federal, state, and institutional student aid policies. Administration of financial assistance is monitored on an on-going basis through a review of bi-weekly system-generated reports. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Travel For Companions | X | TravelForCompanions |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | true | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (16 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Harold J Raveche | |||||||||||||
| 639693 | 0 | 260000 | 0 | 99956 | 0 | 198573 | 0 | 9027 | 0 | 1207249 | 0 | 0 | 0 |
| Randy L Greene | |||||||||||||
| 295751 | 0 | 60000 | 0 | 59163 | 0 | 22050 | 0 | 3686 | 0 | 440650 | 0 | 0 | 0 |
| Mark Samolewicz | |||||||||||||
| 141008 | 0 | 0 | 0 | 5387 | 0 | 13505 | 0 | 11524 | 0 | 171424 | 0 | 0 | 0 |
| FREDERICK REGAN | |||||||||||||
| 251076 | 0 | 10000 | 0 | 13388 | 0 | 22050 | 0 | 11396 | 0 | 307910 | 0 | 0 | 0 |
| STUART TEWKSBURY | |||||||||||||
| 253956 | 0 | 0 | 0 | 0 | 0 | 17102 | 0 | 8800 | 0 | 279858 | 0 | 0 | 0 |
| Michael S Bruno | |||||||||||||
| 284370 | 0 | 0 | 0 | 40541 | 0 | 22050 | 0 | 8800 | 0 | 355761 | 0 | 0 | 0 |
| Henry P Dobbelaar Jr | |||||||||||||
| 247680 | 0 | 30000 | 0 | 2050 | 0 | 20600 | 0 | 0 | 0 | 300330 | 0 | 0 | 0 |
| Lisa Dolling | |||||||||||||
| 154787 | 0 | 0 | 0 | 0 | 0 | 11469 | 0 | 0 | 0 | 166256 | 0 | 0 | 0 |
| George P Korfiatis | |||||||||||||
| 403264 | 0 | 90000 | 0 | 74018 | 0 | 22050 | 0 | 5856 | 0 | 595188 | 0 | 0 | 0 |
| Maureen P Weatherall | |||||||||||||
| 305719 | 0 | 75000 | 0 | 80165 | 0 | 22050 | 0 | 3856 | 0 | 486790 | 0 | 0 | 0 |
| Dinesh Verma | |||||||||||||
| 335813 | 0 | 0 | 0 | 41580 | 0 | 19600 | 0 | 11524 | 0 | 408517 | 0 | 0 | 0 |
| Lex McCusker | |||||||||||||
| 245753 | 0 | 0 | 0 | 77963 | 0 | 22050 | 0 | 11524 | 0 | 357290 | 0 | 0 | 0 |
| Constantin Chassapis | |||||||||||||
| 285451 | 0 | 0 | 0 | 0 | 20412 | 0 | 11524 | 0 | 317387 | 0 | 0 | 0 | |
| Souran Manoochehri | |||||||||||||
| 270462 | 0 | 0 | 0 | 0 | 0 | 13993 | 0 | 0 | 0 | 284455 | 0 | 0 | 0 |
| Ralph Giffin | |||||||||||||
| 266051 | 0 | 0 | 0 | 0 | 0 | 12917 | 0 | 0 | 0 | 278968 | 0 | 0 | 0 |
| Charles koeller | |||||||||||||
| 155432 | 0 | 0 | 0 | 0 | 0 | 9702 | 0 | 3821 | 0 | 168955 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| COMPENSATION INFORMATION | FORM 990, SCHEDULE J, PART I | LINE 1 - first/business class may only be used for foreign travel greater than six hours, unless special circumstances warrant an upgrade and these must be approved by senior management. no prior approval is required for the president, however his expenses are reviewed by the cfo. |
| Schedule J, Part 1, Line 7 | incentive compensation | the stevens annual incentive plan provides a mechanism to reward faculty, administrative leaders, and key staff for extraordinary performance over a period of one academic year. in contrast to merit-based salary increases, annual incentives do not increase base salary. incentive compensation may be awarded upon a finding by management that an employee's work has been extraordinary and has clearly contributed toward the goals and mission of stevens. incentive compensation, even in cases of extra ordinary performance, is not guaranteed, and decisions regarding incentive compensation will be subject to the board of trustees and others' determinations as to the financial results of the university and other factors not specified in this plan. the following employee groups are eligible for participation in the plan: faculty; staff; administration and executive leaders. incentive compensation for faculty, staff and administration are recommended by managerial staff, are approved by the president and are within parameters established by the board of trustees. incentive compensation for executive leaders is recommended by the human resources and compensation committee of the board of trustees and approved by the full board of trustees as part of its consideration of this group (and as further described in schedule O). each year, the board of trustees will approve a set of annual incentive performances metrics (performance measures) for the executive leaders and will review with the president the process for determining the metrics for each other group or sub-group of employees. the metrics must be defined by the institutional performance metrics and the institutional core and strategic objectives. levels of performance required for "minimum", "target" and "maximum" incentive compensation will be defined by group, sub-group or, where appropriate, at the level of individual employee performance. |
| Deferred Compensation of President | Schedule J, Part II, Column C - Presidents Compensation | The Institute maintained a supplemental executive retirement plan (SERP) for the benefit of president Raveche who retired as of june 30, 2010. The plan provided for a payment of a pension benefit, for life and ten-year certain, upon the retirement of the president. The actuarial value of the SERP increased by $174,073 in the reported year and is therefore included in both schedules J-1 and J-2 of this return as deferred compensation. Included in this column are 1) current-year deferrals of compensation under the Institute's TIAA-CREF retirement plan, including both the employee and the employer contributions and, 2) for President Raveche, the actuarially determined change in the value of the liability of a deferred, defined-compensation retirement plan, which is accrued in the current year with actual payments deferred to future years. The terms of this retirement plan, and the absolute amounts to be paid to the President in the future, did not increase or change during the current year. But there were declines in the value of underlying investments of the defined compensation retirement plan, as well as changes in the interest rates used by the actuary to determine a liability value to Stevens. The increase in the value of that liability because of the change in interest rates and the declining value of the underlying investments was $174,073 and is reported in column C of this Form 990, as deferred compensation to the President. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer |
|---|---|---|---|---|---|---|
| NJ Edu FAC Auth Capital IMP 2006A | ||||||
| 221829511 | 64605LZ43 | 2006-10-26 | 133640 | REFUNDING OF PRIOR ISSUES | false | false |
| NJ EDU FAC AUTH CAPITAL IMP 2005 A | ||||||
| 221829511 | 60605Lwwx | 2005-08-10 | 792706 | REFUNDING OF PRIOR ISSUES | false | false |
| NJ EDU FAC AUTH DORM SAFETY 2003 A | ||||||
| 221829511 | 64605NBU7 | 2004-01-15 | 244207 | FINANCE DORM SAFETY IMPROVEMENT | false | false |
| NJ EDU FAC AUTH STEVENS ISSUE 2007 SERIES A | ||||||
| 221829511 | 64605LZ43 | 2007-08-02 | 71633268 | REFUNDING OF PRIOR ISSUES | false | false |
Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)
| Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Amount DefeasedAmountDefeased | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Year Of Subst CompletionYearOfSubstCompletion |
|---|---|---|---|---|---|---|---|---|
| false | false | true | true | |||||
| false | false | true | true | |||||
| false | false | true | true | |||||
| false | true | true | true | 85725356 | 5782758 | 66517119 | 1535969 | 2009 |
Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|
| false | false | false | false | true | true |
| false | false | false | false | true | true |
| false | false | false | false | true | true |
| false | false | false | false | true | true |
Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|
| false | false | false | false | false | false |
| false | false | false | false | false | false |
| false | false | false | false | false | false |
| false | false | false | false | false | false |
Schedule L IRS990ScheduleL
Loan Table LoanTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | HAROLD J RAVECHE | NamePerson |
| Purpose Of Loan | MORTGAGE note | PurposeOfLoan |
| Loan From Organization | X | LoanFromOrganization |
| Original Principal | $928,314 | OriginalPrincipalAmount |
| Balance Due | 784324 | BalanceDue |
| Default | false | Default |
| Approved By Board | true | ApprovedByBoard |
| Written Agreement | true | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 784324 | TotalBalanceDue |
Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| Lawrence T Babbio Jr | |||
| Chairman of the Board | 795172 | See Schedule O | false |
| Virginia P Ruesterholz | |||
| Board Trustee | 255103 | See Schedule O | false |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArt | |
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest | |
| Books And Publications | BooksAndPublications | |
| Clothing And Household Goods | ClothingAndHouseholdGoods | |
| Cars And Other Vehicles | CarsAndOtherVehicles | |
| Boats And Planes | BoatsAndPlanes | |
| Intellectual Property | IntellectualProperty |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 22 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 260436 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStock | |
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther | |
| Real Estate Residential | RealEstateResidential | |
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther | |
| Collectibles | Collectibles | |
| Food Inventory | FoodInventory | |
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts |
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | SCIENTIFIC EQUIPMENT | Description |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 20000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | true | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | NONCASH CONTRIBUTIONS | Identifier |
| Return Reference | FORM 990, SCHEDULE M, PART I | ReturnReference |
| Explanation | line 9 - To the extent that the Institute receives contributions of securities, the Institute's investment brokerage bank is tasked with selling those securities. LINE 32 - The Institute uses various Galleries to facilitate the sale of art. One piece of art was sold in fiscal year 2010 with a gross proceeds of $80,000. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| GOVERNING BODY AND MANAGEMENT | FORM 990, PART VI, SECTION A | Line 2 - two of the institution's trustees, john a. schepisi and stephen t. boswell, disclosed in their respective annual conflict of interest disclosure statements that they jointly own a real estate holding company. the institution has no business or other dealings with this company. line 4 - during the year, the board of trustees approved changes to the by-laws of the institution and adopted and/or modified charters of committees of the board of trustees. these changes addressed: limits on board and committee the involvement of faculty trustees and participants in board activities; approval by the board of the annual form 990 and other matters relating to compensation of the president and senior officers; regular governance matters such as board assessment and training and committee duties and membership; and clarified that the president's role on the board is ex officio. all changes to the by-laws were fully reviewed by counsel to the institution and all current organizational documents of the institution are posted on the institution's website. |
| POLICIES | FORM 990, PART VI, SECTION B | line 11a - this form 990 was prepared by members of the finance and legal offices of the institution together with its outside tax and accounting firm specializing in higher education. the form 990 was then presented to the audit committee of the board of trustees for review and approval. following this process and any modifications recommended by the audit committee, the form 990 was presented to a meeting of the full board of trustees of the institution and approved in accordance with the by-laws of the institution. LINE 12c - the institution's conflict of interest policy requires ongoing compliance and self-reporting of conflicts. it also provides for completion of an annual questionnaire by all trustees, officers and faculty, which questionnaire is reviewed by the office of compliance and internal audit and the general counsel and reported to the audit committee of the board and to the board of trustees. information disclosed in the questionnaires which indicates the possible presence of a conflict is investigated, discussed with relevant personnel and, if necessary, the conflict is eliminated or managed pursuant to a conflict management plan or device supervised by the chair of the board of trustees or the chair of the audit committee, with advice from the office of audit, risk and compliance and the general counsel. in addition, conflicts are identified by the officers of the institution and staff at other levels of the institution as they arise from time to time and are referred to office of audit, risk and compliance and the general counsel for further analysis and resolution. certain conflicts relating solely to research activities may be managed by the director of the office sponsored programs, with advice from the office of audit, risk and compliance and the general counsel. LINE 15b - the total compensation of the persons occupying the following positions and any recommended adjustments were reviewed by the human resources committee of the board of trustees based on recommendations from the president (except with respect to the president himself), together with comparative data from peer institutions collected and analyzed by an independent compensation consultant to the institution, and then proposed by such committee to the full board of trustees for approval. the positions reviewed were: president, provost and university vice president, school and college deans, vice president for facilities and community affairs, chief administrative officer, chief financial officer and treasurer, vice president for development, vice president for enterprise development, and the vice president for the research enterprise. the secretary of the board of trustees took contemporaneous minutes of the meetings at which these decisions were made by the human resources committee and the board of trustees. |
| DISCLOSURE | FORM 990, PART VI, SECTION C | LINE 19 - The Governing documents of the institution together with charters for committees of the board of trustees, the conflict of interest policy and the financial statements of the institution are all made available on the institutions website (www.stevens.edu). in addition, a variety of other documents and materials regarding the institution and its operations, as well as the other policies of the institution, are available on the website. |
| Schedule K | Part I Supplemental information 1. bond issue d - column (f): this issue advance refunded all of the outstanding principal amount of the revenue bonds,stevens institute of technology issue, 2004 series b issued on july 1, 2004 by the new jersey educational facilities authority ("njefa"), all of the revenue bonds, 2002 series c issued by njefa on december 1, 2002 and a portion of the revenue bonds, stevens institute of technology issue, 1998 series i issued by njefa on august 25, 1998. the refunded bonds financied capital improvements for the institute. 2. bond issue b - columns (e) and (f): these bonds were issued in the par amount of $15,077,352 to refund a portion of the njefa capital improvement fund (CIF) issues, series 2000 A, series 2000 b and series 2002 A. CIF bonds were issued pursuant to a legislative program to finance caputal improvements for new jersey colleges and universities. eleven colleges received grants from the 2000 a, 2000 b and 2002 a bonds. stevens received grants only from the 2000 a and 2000 b bonds. the refunded bonds and the series 2005 a refunding bonds (bond issue b) are repayable in part by state appropriations. the issue price shown on schedule k for the series 2005 a bonds is the approximate amount of the issue price allocable to the institute. 3. bond issue a - columns (e) and (f): these bonds were issued in the par amount of $155,460,000 to refund a portion of njefa's capital improvement fund issues, series 2000 a series 2000 b, series 2002 a and series 2004 a. the 2000 a, 2000 b, 2002 a and 2004 a bonds were issued on july 1, 2000, december 30, 2000, november 21, 2002 and march 14, 2004 respectively. at least eleven colleges received grants from these bonds. stevens received grants only from 2000 a and 2000 b. the refunded bonds and the series 2006 a refunding bonds (bond issue c) are repayable in part by state appropriations. the issue price shown on the schedule k for there funsing 2006 a bonds is the approximate amount of the allocable to the institute. 4. bond issue c - columns (e) and (f): these bonds were issued pursuant to a legislatively created state-backed program to finance safety improvements for dormitory facilities. the bonds are repayable in part by state appropriations. proceeds of bond issue d were issued as a single issue of $5,440,000 which was lent in varying amounts to 12 of the private colleges located in new jersey. the institute recieved a loan of located in new jersey. the institute recieved a loan of $243,500. the issue price shown on schedule k is the approximate amount of the $5,523,846.05 issue price for the entire bond issue which is allocable to the loan made to the institute. PART II SUPPLEMENTAL INFORMATION 1. BOND ISSUE d - AS DESCRIBED ABOVE THESE BONDS ADVANCE REFUNDED 3 PRIOR ISSUES. THE $85,725,356.30 SHOWN ON LINE 1 IS THE TOAL OF THE PAR AMOUNT, ORIGINAL ISSUE DISCOUNT, AMOUNTS HELD IN FUNDS FOR THE REFUNDED BONDS APPLIED TO THE REFUNDING AND GROSS EARNINGS OF $8,747,827.89 ON ALL FUNDS AS REPORTED IN THE INTERIM REBATE REPORT FOR THESE BONDS AS OF JUNE 30, 2010 (THE "REBATE REPORT"). THE $5,782,757.88 IS THE AMOUNT REPORTED AS BALANCE REMAINING IN THE DEBT RESERVE FUND IN THE REBATE REPORT. THE ORIGINAL DEPOSIT WAS $5,772,781.26. THE $66,517,119.10 IN LINE 3 IS THE TOTAL BALANCE REMAINING IN THE ESCROW FUNDS FOR THE REFUNDED BONDS REPORTED IN THE REBATE REPORT. THE ISSUANCE COSTS IN LINE 5 INCLUDES UNDERWRITERS' DISCOUNT. 2. BOND ISSUES a, b & c - AS DESCRIBED IN THE SUPPLEMENTAL INFORMATION TO PART i THESE 3 BOND ISSUES WERE ISSUED BY THE NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY UNDER STATE LEGISLATIVE PROGRAMS INTENDED TO PROVIDE FINANCIAL ASSISTANCE TO A LARGE NUMBER OF COLLEGES AND UNIVERSITIES IN NEW JERSEY. STEVENS INSTITUTE RECEIVED GRANTS UNDER THESE PROGRAMS BUT WAS ONLY 1 OF 11 OR 12 INSTITUTIONS THAT RECEIVED MONEY FROM EACH ISSUE. EACH OF THESE ISSUES WAS SOLD ON THE CREDIT OF THE STATE OF NEW JERSEY WHICH PAYS DEBT SERVICE FROM STATE APPROPRIATIONS. THE INSTITUTE IS REPORTING THE AMOUNTS IT RECEIVED BUT DOES NOT HAVE THE COMPLETE INFORMATION THAT THE AUTHORITY AS ISSUER HAS. | |
| Schedule L, transactions With Interested Persons | Chairman of the Board, Lawrence Babbio, also sits on the Board of Directors of Hewlett Packard Company. The Stevens Institute conducts business with Hewlett Packard Company (total fees of $169,283) and with Hewlett Packard Financial Services (total fees of $625,889). Board of Trustees Member, Virginia Ruesterholz, is the President of Verizon Telecom. The Stevens Institute conducts business with Verizon Wireless (total fees of $168,007) and with Verizon Select Services (total fees of $87,096). |
Schedule R IRS990ScheduleR
Form990 Schedule R Part IV Form990ScheduleRPartIV (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivityPrimaryActivity | Legal Domicile StateLegalDomicileState | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Type Of EntityTypeOfEntity | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Percentage OwnershipPercentageOwnership |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RAVENSWOOD CORPORATION | |||||||||||
| ONE CASTLE POINT ON HUDSON | HOBOKEN | NJ | 07030 | 221854071 | real estate | NJ | NONE | C CORP | 332434 | 1856612 | 1.00000 |
| CASTLE POINT HOLDINGS INC | |||||||||||
| ONE CASTLE POINT ON HUDSON | HOBOKEN | NJ | 07030 | 204264786 | tech transfer | NJ | None | C CORP | 284 | 559309 | 1.00000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | true | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | true | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | true | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | true | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | true | OtherTransferToOtherOrg |
| Other Transfer From Other Org | true | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (3 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| CASTLE POINT HOLDINGS | |
| A | 43501 |
| CASTLE POINT HOLDINGS | |
| d | 500000 |
| Ravenswood Corporation | |
| k,p | 30000 |