Rensselaer Polytechnic Institute
- Assets
- $1.9b
- Revenue
- $616.6m
- Investments
- $515.5m
- Employees
- 4,218
- Location
- Troy, NY
- Founding
- 04/1941
- Data as of
- 06/2021
- 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 06/2022, Rensselaer Polytechnic Institute employed 4,218 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rensselaer Polytechnic Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Rensselaer Polytechnic Institute generated $616.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $562.6m during the year ending 06/2021. While expenses have increased by 1.2% per year over the past 7 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 309 individual grants totaling $30,513,649. 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
2021
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
INSTRUCTION NUMBER OF STUDENTS ENROLLED: UNDERGRADUATE 5579 GRADUATE 1264 SPECIAL 33
OTHER PROGRAM SERVICES INCLUDE ACTIVITIES THAT FURTHER RENSSELAER'S EXEMPT PURPOSE. AUXILIARY NUMBER OF HOUSING UNITS AVAILABLE: DORM ROOMS - 2,919 SINGLE APARTMENTS - 1,095 NUMBER OF STUDENTS ON MEAL PLANS: 2,889
SCHOLARSHIPS AND FELLOWSHIPS. NUMBER OF UNDERGRADUATE STUDENTS ON SCHOLARSHIP: 4224 NUMBER OF GRADUATE STUDENTS ON SCHOLARSHIPS/FELLOWSHIPS: 1,361
RESEARCH NUMBER OF ACTIVE RESEARCH PROJECTS: 605
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 2 | $0 |
Name Not Listed Trustee | Trustee | 2 | $0 |
Name Not Listed Trustee | Trustee | 2 | $0 |
Name Not Listed Trustee | Trustee | 2 | $0 |
Name Not Listed Trustee | Trustee | 2 | $0 |
Name Not Listed Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Management Inc Food And Facilities Management | 6/29/22 | $15,713,631 |
E & B Global Inc Consulting | 6/29/22 | $1,760,016 |
Rc Housing 1 Llc Rent | 6/29/22 | $1,443,000 |
Murtha Cullina Llp Legal | 6/29/22 | $1,291,006 |
Hv Housing Llc Rent | 6/29/22 | $1,261,528 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,985,632 |
| Investment income | $15,644,512 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $915,332 |
| Net Rental Income | $448,004 |
| Net Gain/Loss on Asset Sales | $20,806,172 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $58,855 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $616,594,821 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $226,776,349 |
| Grants and other assistance to Foreign Orgs/Individuals | $307,312 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $11,699,326 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $147,313,914 |
| Pension plan accruals and contributions | $9,878,055 |
| Other employee benefits | $17,518,137 |
| Payroll taxes | $9,383,967 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,224,645 |
| Fees for services: Accounting | $256,284 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $42,000 |
| Fees for services: Investment Management | $1,277,998 |
| Fees for services: Other | $21,409,220 |
| Advertising and promotion | $123,735 |
| Office expenses | $9,310,603 |
| Information technology | $4,093,089 |
| Royalties | $0 |
| Occupancy | $22,548,648 |
| Travel | $188,472 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $181,166 |
| Interest | $25,588,258 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,182,469 |
| Insurance | $5,978,640 |
| All other expenses | $0 |
| Total functional expenses | $562,649,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $50,939,284 |
| Pledges and grants receivable | $53,027,436 |
| Accounts receivable, net | $10,183,622 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $672,250 |
| Prepaid expenses and deferred charges | $3,898,484 |
| Investments—publicly traded securities | $565,395,088 |
| Investments—other securities | $515,478,131 |
| Investments—program-related | $13,006,594 |
| Intangible assets | $0 |
| Other assets | $44,799,377 |
| Total assets | $1,913,143,793 |
| Accounts payable and accrued expenses | $108,369,926 |
| Grants payable | $0 |
| Deferred revenue | $52,570,224 |
| Tax-exempt bond liabilities | $400,413,534 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $16,671,739 |
| Unsecured mortgages and notes payable | $308,692,250 |
| Other liabilities | $94,001,174 |
| Total liabilities | $980,718,847 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $932,424,946 |
Grants Awarded
Over the last fiscal year, Rensselaer Polytechnic Institute has awarded $6,985,281 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
RENSSELAER NEWMAN FOUNDATION PURPOSE: General Support | $34,000 |
ADVENT TECHNOLOGIES INC | | | $105,863 |
ABB INC PURPOSE: Research Subcontract | $18,365 |
ALBANY MEDICAL COLLEGE PURPOSE: Research Subcontract | $342,417 |
THE UNIVERSITY OF OKLAHOMA PURPOSE: Research Subcontract | $26,408 |
AWS TRUEPOWER LLC PURPOSE: Research Subcontract | $46,990 |