EIN 22-1487354

Stevens Institute of Technology (SIT)

IRS 501(c) type
501(c)(3)
Num. employees
3,282
Year formed
1870
Most recent tax filings
2022-06-01
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
$466,449,861
2022
Total expenses
$415,420,675
2022
Total assets
$970,720,079
2022
Num. employees
3,282
2022

Program areas at SIT

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.
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.
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.

Who funds Stevens Institute of Technology (SIT)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
TT WH Oliver Etnier 026813-000General Operating Fund$389,174
New Jersey Sea Grant ConsortiumResearch Project$305,749
American Online Giving FoundationGeneral Support$302,603
...and 76 more grants received totalling $4,297,247
Federal funding details
Federal agencyProgram nameAmount
Department of EducationFEDERAL DIRECT LOAN PROGRAM (NOTE 3)$32,419,217
Department of EducationCOVID-19HIGHER EDUCATION EMERGENCY RELIEF FUNDSTUDENT AID PORTION$4,097,156
Department of EducationFEDERAL PELL GRANT PROGRAM, INCLUDING ADMINSTRATIVE COSTS OF $4,075$3,947,888
...and 268 more federal grants / contracts

Personnel at SIT

NameTitleCompensation
Louis MayerAssistant Vice President for Finance$447,310
Robert MaffiaVice President for Facilities and Operations$321,677
Michael ParenteFormer Key Employee$198,558
Tejash PatelVice President for Information Technology$352,500
Laura RoseVice President for Development and Alum$369,255
...and 23 more key personnel

Financials for SIT

RevenuesFYE 06/2022
Total grants, contributions, etc.$26,531,269
Program services$419,310,878
Investment income and dividends$7,596,862
Tax-exempt bond proceeds$0
Royalty revenue$50,175
Net rental income$55,415
Net gain from sale of non-inventory assets$10,126,280
Net income from fundraising events$5,841
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$2,773,141
Total revenues$466,449,861

Form 990s for SIT

Fiscal year endingDate received by IRSFormPDF link
2022-062023-04-18990View PDF
2021-062022-03-16990View PDF
2020-062021-04-21990View PDF
2019-062020-12-10990View PDF
2018-062019-05-14990View PDF
...and 8 more Form 990s

Organizations like SIT

OrganizationLocationRevenue
Dartmouth CollegeHanover, NH$1,952,191,796
Drexel UniversityPhiladelphia, PA$1,352,478,393
Wilmington UniversityNew Castle, DE$129,795,391
Rice UniversityHouston, TX$1,372,497,739
Regis UniversityDenver, CO$167,807,792
Hofstra UniversityHempstead, NY$606,887,297
American University (AU)Washington, DC$997,808,443
Brandeis UniversityWaltham, MA$479,530,401
Baylor University (BU)Waco, TX$1,400,477,758
Marquette UniversityMilwaukee, WI$733,396,500
Data update history
July 8, 2023
Used new vendors
Identified 6 new vendors, including , , , , , and
June 16, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 14, 2023
Updated personnel
Identified 5 new personnel
June 10, 2023
Used new vendors
Identified 3 new vendors, including , , and
June 9, 2023
Updated personnel
Identified 13 new personnel
Nonprofit Types
SchoolsHigher ed institutions
Issues
Education
Characteristics
Political advocacyLobbyingFundraising eventsOperates internationallyNational levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsFundraising 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