Rensselaer Polytechnic Institute
- Assets
- $1.6b
- Revenue
- $653.0m
- Investments
- $326.0m
- Employees
- 4,880
- Location
- Troy, NY
- Founding
- 04/1941
- Data as of
- 06/2020
- EIN
- 14-1340095
Organization Overview
Rensselaer Polytechnic Institute is located in Troy, NY. The organization was established in 1941. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2020, Rensselaer Polytechnic Institute employed 4,880 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Rensselaer Polytechnic Institute generated $653.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $619.3m during the year ending 06/2020. While expenses have increased by 3.6% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rensselaer Polytechnic Institute has awarded 168 individual grants totaling $14,324,297. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
RENSSELAER EDUCATES THE LEADERS OF TOMORROW FOR TECHNOLOGICALLY BASED CAREERS. WE CELEBRATE DISCOVERY AND THE RESPONSIBLE APPLICATION OF TECHNOLOGY TO CREATE KNOWLEDGE AND GLOBAL PROSPERITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONNUMBER OF STUDENTS ENROLLED: UNDERGRADUATE 6,230 GRADUATE 1,366
SCHOLARSHIP & FELLOWSHIPNUMBER OF UNDERGRADUATE STUDENTS ON SCHOLARSHIP: 5,202NUMBER OF GRADUATE STUDENTS ON SCHOLARSHIPS/FELLOWSHIPS: 1,157
RESEARCHNUMBER OF ACTIVE RESEARCH PROJECTS: 638
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shirley Ann Jackson President | Officer | 55 | $1,847,271 |
Curtis N Powell Vice President | Officer | 50 | $536,670 |
Prabhat Hajela Provost | Officer | 45 | $534,901 |
Graig Eastin Vice President | Officer | 45 | $486,266 |
Barbara Hough Vice President | Officer | 40 | $474,158 |
John E Kolb Vice President | Officer | 40 | $462,677 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rc Housing 1 Llc Rent | 6/29/20 | $1,563,250 |
Mt Ida Apartments Llc Rent | 6/29/20 | $1,097,550 |
Murth Cullina Llp Legal | 6/29/20 | $1,446,061 |
Pattison Sampson Ginsberg & Griffin Legal | 6/29/20 | $748,215 |
Columbia Chasan Mt Llc Rent | 6/29/20 | $626,003 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,029,279 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,074,898 |
| Noncash contributions included in lines 1a–1f | $1,062,645 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,104,177 |
| Total Program Service Revenue | $599,010,631 |
| Investment income | $12,401,279 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $930,346 |
| Net Rental Income | $415,769 |
| Net Gain/Loss on Asset Sales | $11,256,392 |
| Net Income from Fundraising Events | -$1,169,501 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $98,085 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $653,047,178 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,699,790 |
| Grants and other assistance to domestic individuals. | $222,741,532 |
| Grants and other assistance to Foreign Orgs/Individuals | $262,579 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $8,038,482 |
| Compensation of current officers, directors, key employees. | $5,123,567 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $169,667,388 |
| Pension plan accruals and contributions | $10,525,096 |
| Other employee benefits | $21,491,854 |
| Payroll taxes | $10,476,268 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,406,043 |
| Fees for services: Accounting | $576,352 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $62,072 |
| Fees for services: Investment Management | $1,460,339 |
| Fees for services: Other | $50,282,430 |
| Advertising and promotion | $323,862 |
| Office expenses | $7,376,645 |
| Information technology | $4,023,863 |
| Royalties | $0 |
| Occupancy | $21,441,150 |
| Travel | $4,493,186 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $502,370 |
| Interest | $32,989,357 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,069,463 |
| Insurance | $6,833,959 |
| All other expenses | $0 |
| Total functional expenses | $619,342,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $23,760,030 |
| Pledges and grants receivable | $71,507,659 |
| Accounts receivable, net | $8,130,375 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $690,076 |
| Prepaid expenses and deferred charges | $6,873,255 |
| Net Land, buildings, and equipment | $683,010,514 |
| Investments—publicly traded securities | $415,064,257 |
| Investments—other securities | $325,991,928 |
| Investments—program-related | $18,538,342 |
| Intangible assets | $0 |
| Other assets | $45,277,377 |
| Total assets | $1,598,843,813 |
| Accounts payable and accrued expenses | $167,462,562 |
| Grants payable | $0 |
| Deferred revenue | $56,853,385 |
| Tax-exempt bond liabilities | $418,022,318 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $17,307,784 |
| Unsecured mortgages and notes payable | $322,875,470 |
| Other liabilities | $94,437,057 |
| Total liabilities | $1,076,958,576 |
| Net assets without donor restrictions | -$134,977,774 |
| Net assets with donor restrictions | $656,863,011 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,598,843,813 |
Grants Awarded
Over the last fiscal year, Rensselaer Polytechnic Institute has awarded $6,697,736 in support to 70 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: Research Subcontract | $513,998 |
Albany, NY PURPOSE: Research Subcontract | $430,525 |
Albany, NY PURPOSE: Research Subcontract | $336,293 |
UNIVERSITY OF SOUTH CAROLINA PURPOSE: Research Subcontract | $275,504 |
UNIVERSITY OF NEW MEXICO PURPOSE: Research Subcontract | $267,562 |
Somerville, MA PURPOSE: Research Subcontract | $250,002 |
Grants Recieved
Over the last fiscal year, we have identified 35 grants that Rensselaer Polytechnic Institute has recieved totaling $842,722.
| Awarding Organization | Amount |
|---|---|
Paul Beer Trust Under Will Las Vegas, NV PURPOSE: GENERAL SUPPORT GRANT | $357,533 |
Isermann Family Foundation Morristown, NJ PURPOSE: CAPITAL CAMPAIGN | $100,000 |
Isermann Family Foundation Morristown, NJ PURPOSE: CAPITAL CAMPAIGN | $100,000 |
Jim H Mcclung Lighting Research Foundation Inc Atlanta, GA PURPOSE: TO FUND RESEARCH PERTAINING TO INVESTIGATING RETINAL SENSITIVITY TO CIRCADIAN STIMULUS AS MEASURED BY ACUTE MELATONIN SUPPRESSION IN HUMANS. OBJECTIVE IS TO CHARACTERIZE THE RELATIVE SENSITIVITY OF SPECIFIC RETINAL REGIONS TO CIRCADIAN-EFFECTIVE LIGHT AND THEREBY EXPAND THE EXISTING CS MODEL 2 TO ENCOMPASS LIGHT'S SPATIAL CHARACTERISTICS; DOING SO WILL PROVIDE THE LIGHTING INDUSTRY WITH A CLEARER UNDERSTANDING OF THE LIGHTING QUALITIES THAT WILL BE MOST EFFECTIVE FOR PROMOTING CIRCADIAN ENTRAINMENT. | $50,000 |
Jim H Mcclung Lighting Research Foundation Inc Atlanta, GA PURPOSE: TO FUND RESEARCH PERTAINING TO INVESTIGATING RETINAL SENSITIVITY TO CIRCADIAN STIMULUS AS MEASURED BY ACUTE MELATONIN SUPPRESSION IN HUMANS. OBJECTIVE OF THIS RESEARCH IS TO CHARACTERIZE THE RELATIVE SENSITIVITY OF SPECIFIC RETINAL REGIONS TO CIRCADIAN-EFFECTIVE LIGHT AND THEREBY EXPAND THE EXISTING CS MODEL 2 TO ENCOMPASS LIGHT'S SPATIAL CHARACTERISTICS; DOING SO WILL PROVIDE THE LIGHTING INDUSTRY WITH A CLEARER UNDERSTANDING OF THE LIGHTING QUALITIES THAT WILL BE MOST EFFECTIVE FOR PROMOTING CIRCADIAN ENTRAINMENT. | $46,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $44,255 |
Endowment Analysis
| Beg. Balance | $746,817,524 |
| Earnings | $17,889,537 |
| Admin Expense | -$1,460,000 |
| Net Contributions | $12,432,992 |
| Other Expense | -$2,909,750 |
| Grants | -$27,927,250 |
| Ending Balance | $744,843,053 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fordham University Bronx, NY | $2,146,125,008 | $936,054,028 |
Rochester Institute Of Technology Rochester, NY | $2,165,976,339 | $849,584,640 |
St Johns University New York Jamaica, NY | $1,490,909,375 | $810,687,746 |
Rensselaer Polytechnic Institute Troy, NY | $1,598,843,813 | $653,047,178 |
Villanova University Villanova, PA | $1,878,489,443 | $644,725,997 |
The New School New York, NY | $1,263,076,833 | $558,997,855 |
Hofstra University Hempstead, NY | $1,235,224,804 | $592,927,157 |
Rockefeller University New York, NY | $3,879,645,094 | $455,447,251 |
Lehigh University Bethlehem, PA | $2,533,120,795 | $506,773,429 |
American University Of Beirut New York, NY | $1,902,791,001 | $608,300,843 |
Brandeis University Waltham, MA | $1,638,021,472 | $457,392,877 |
Seton Hall University South Orange, NJ | $814,560,000 | $456,494,000 |