The Trustees Of The Stevens Institute Of Technology

Organization Overview

The Trustees Of The Stevens Institute Of Technology is located in Hoboken, NJ. The organization was established in 1986. 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, Trustees Of The Stevens Institute Of Technology employed 3,282 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trustees Of The Stevens Institute Of Technology 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 06/2022, Trustees Of The Stevens Institute Of Technology generated $466.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $415.4m during the year ending 06/2022. While expenses have increased by 5.7% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE EDUCATIONAL SERVICES, SEE SCHEDULE O.

Describe the Organization's Program Activity:

EDUCATIONAL INSTRUCTION: IN THE ACADEMIC YEAR 2021-2022, STEVENS' ENROLLMENT WAS 4,064 UNDERGRADUATE STUDENTS AND 4,223 GRADUATE STUDENTS. 929 STUDENTS GRADUATED WITH BACHELOR OF ENGINEERING, SCIENCE, BUSINESS OR ARTS DEGREES, 1,282 STUDENTS RECEIVED MASTER'S IN ENGINEERING, SCIENCE OR BUSINESS ADMINISTRATION. 67 PHD DEGREES WERE ALSO CONFERRED. IN ADDITION, STEVENS COLLABORATED WITH NUMEROUS DOMESTIC AND INTERNATIONAL UNIVERSITIES AND OTHER EDUCATIONAL PROGRAMS TO PROVIDE COURSES AND TRAINING TO INTERNATIONAL STUDENTS. STEVENS EMPHASIZES INNOVATION AND TEACHES ENTREPRENEURSHIP THROUGHOUT ITS CURRICULUM WITH THE AIM OF ENABLING THE INTEGRATION OF TECHNOLOGICAL AND MARKET KNOWLEDGE.


RESEARCH: RESEARCH CENTERS AND CROSS-DISCIPLINARY RESEARCH INITIATIVES WITH AFFILIATED ORGANIZATIONS AND INFRASTRUCTURE. CREATIVE AND ENTREPRENEURAL RESEARCH IS AN INTEGRAL PART OF THE STEVENS MISSION. THE INSTITUTE HAS BEEN RECOGNIZED BY BOTH THE U.S. DEPARTMENT OF DEFENSE AND THE DEPARTMENT OF HOMELAND SECURITY AS A NATIONAL CENTER OF EXCELLENCE IN THE AREAS OF SYSTEMS ENGINEERING, PORT SECURITY AND INFORMATION ASSURANCE.


STUDENT LIFE: THE UNIVERSITY 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 182 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 UNIVERSITY'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.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ug2 Llc
Cleaning Services
$3,845,616
Tishman Construction
Building Contractor
$30,828,239
Integration Partners
It Services & Equipment
$2,352,866
Evensonbest Llc
Delivery & Installation For Furniture
$1,226,140
Frankoski Construction Co Inc
Contractor
$1,872,050
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$24,685
Related organizations$0
Government grants $10,836,547
All other contributions, gifts, grants, and similar amounts not included above$15,670,037
Noncash contributions included in lines 1a–1f $857,504
Total Revenue from Contributions, Gifts, Grants & Similar$26,531,269
Total Program Service Revenue$419,310,878
Investment income $7,596,862
Tax Exempt Bond Proceeds $0
Royalties $50,175
Net Rental Income $55,415
Net Gain/Loss on Asset Sales $10,126,280
Net Income from Fundraising Events $5,841
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $466,449,861

Grants Recieved

Over the last fiscal year, we have identified 28 grants that The Trustees Of The Stevens Institute Of Technology has recieved totaling $1,230,335.

Awarding OrganizationAmount
New Jersey Sea Grant Consortium

Fort Hancock, NJ

PURPOSE: RESEARCH PROJECT

$305,749
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$302,603
Adp Foundation

Roseland, NJ

PURPOSE: CHARITABLE CONTRIBUTION

$250,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$68,433
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$65,000
American Bureau Of Shipping

Spring, TX

PURPOSE: ABS 2021 Scholarships for tuition and books.

$50,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$272,887,000
Earnings-$9,906,243
Net Contributions$14,472,347
Other Expense$4,676,899
Grants$3,502,583
Ending Balance$269,273,622

Peer Organizations

Organization NameAssets
Fordham University
Bronx, NY
$953,892,663
Rochester Institute Of Technology
Rochester, NY
$1,071,324,345
St Johns University New York
Jamaica, NY
$798,473,536
Villanova University
Villanova, PA
$872,271,471
Rensselaer Polytechnic Institute
Troy, NY
$653,047,178
Rockefeller University
New York, NY
$535,346,959
Lehigh University
Bethlehem, PA
$713,288,867
The New School
New York, NY
$558,997,855
Hofstra University
Hempstead, NY
$606,887,297
American University Of Beirut
New York, NY
$608,300,843
Seton Hall University
South Orange, NJ
$473,034,000
Duquesne University Of The Holy Spirit
Pittsburgh, PA
$434,180,406

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