EIN 22-1487354

Stevens Institute of Technology (SIT)

IRS 501(c) type
501(c)(3)
Num. employees
3,224
Year formed
1870
Most recent tax filings
2021-06-01
Description
Stevens Institute of Technology is a private coeducational research university in Hoboken, New Jersey. It is one of the oldest technological universities in the United States and was the first college in America solely dedicated to mechanical engineer...
Also known as...
The Trustees of the Stevens Institute of Technology
Total revenues
$375,347,821
2021
Total expenses
$349,733,583
2021
Total assets
$910,259,495
2021
Num. employees
3,224
2021

Program areas at SIT

Educational instruction: in the academic year 2020-2021, Stevens' enrollment was 4,064 undergraduate students and 4,223 graduate students. 768 students graduated with bachelor of engineering, science, business or arts degrees, 1,611 students received master's in engineering, science or business administration. 54 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.
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 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 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.
Research: the research enterprise includes academic research, national research centers and cross-disciplinary research initiatives with affiliated organizations and infrastructure. Creative and entrepreneural research is an integral part of the Stevens mission. The 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.

Who funds Stevens Institute of Technology (SIT)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
PSEG FoundationEducation$1,200,000
Fidelity FoundationEquipment$400,000
The Sean and Cathy Hanlon FoundationEducational Purposes$345,000
...and 54 more grants received totalling $4,302,903
Federal funding details
Federal agencyProgram nameAmount
Department of EducationFEDERAL DIRECT LOAN PROGRAM$27,759,686
Department of EducationFEDERAL PERKINS LOAN PROGRAM$4,340,284
Department of EducationFEDERAL PELL GRANT PROGRAM$2,969,130
...and 247 more federal grants / contracts

Personnel at SIT

NameTitleCompensation
Louis MayerChief Financial Officer , Vice President for Finance and Treasurer / Chief Financial Officer , Vice President Finance , Treasur$423,386
David DoddVice President Information Technology and Chief Information Officer / Vice President for Info Technology$313,002
Robert MaffiaVice President for Facilities and Operations$303,044
Michael ParenteInterim Vice President Information Technology$180,789
Jennifer McDonoughVice President for Development$187,245
...and 23 more key personnel

Financials for SIT

RevenuesFYE 06/2021
Total grants, contributions, etc.$23,091,532
Program services$343,314,102
Investment income and dividends$4,046,203
Tax-exempt bond proceeds$0
Royalty revenue$62,035
Net rental income$48,082
Net gain from sale of non-inventory assets$3,136,705
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,649,162
Total revenues$375,347,821

Form 990s for SIT

Fiscal year endingDate received by IRSFormPDF link
2021-062022-03-16990View PDF
2020-062021-04-21990View PDF
2019-062020-12-10990View PDF
2018-062019-05-14990View PDF
2017-062018-09-12990View PDF
...and 7 more Form 990s

Organizations like SIT

OrganizationLocationRevenue
Regis UniversityDenver, CO$176,051,512
Case Western Reserve University (CWRU)Cleveland, OH$1,252,653,848
Rice UniversityHouston, TX$976,544,472
Georgetown UniversityWashington, DC$1,684,831,601
Brandeis UniversityWaltham, MA$457,392,877
Medical College of Wisconsin (MCW)Milwaukee, WI$1,286,151,484
Norwich UniversityNorthfield, VT$177,857,949
The Culinary Institute of America (CIA)Hyde Park, NY$156,431,588
Rider UniversityLawrenceville, NJ$225,298,697
Johnson & Wales UniversityProvidence, RI$403,272,641
Data update history
August 3, 2022
Received grants
Identified 16 new grant, including a grant for $1,200,000 from PSEG Foundation
October 3, 2021
Received grants
Identified 24 new grant, including a grant for $400,000 from Fidelity Foundation
August 21, 2021
Posted financials
Added Form 990 for fiscal year 2019
July 1, 2021
Posted financials
Added Form 990 for fiscal year 2020
June 25, 2021
Updated personnel
Identified 11 new personnel
Nonprofit Types
SchoolsHigher ed institutions
Issues
Science and technologyEducation
Characteristics
Political advocacyConducts researchLobbyingOperates internationallyNational levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsGala fundraisersFundraising races, competitions, and tournamentsTax deductible donations
General information
Address
1 Castle Point on Hudson
Hoboken, NJ 07030
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
Hudson County, NJ
Website URL
stevens.edu/ 
Phone
(201) 216-5000
Facebook page
Stevens1870 
Twitter profile
@followstevens 
IRS details
EIN
22-1487354
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1870
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B43: University or Technological Institute
NAICS code, primary
611310: Colleges, Universities, and Professional Schools
Parent/child status
Independent
Free account sign-up

Want updates when SIT has new information, or want to find more organizations like Stevens Institute of Technology (SIT)?

Create free Cause IQ account