NonprofitsNew England Institute Of Technology

Education

New England Institute Of Technology

E GREENWICH, RI

Total revenue

$96.2M

Total expenses

$85.3M

Net assets

$345.3M

Grants received

$622K

27 grants

EIN

050312747

Tax year

2023

Mission

The mission of new england institute of technology (neit) is described in schedule o*the mission of new england institute of technology (neit) is to provide specialized undergraduate and graduate degree and certificate programs which prepare students for professional and technical careers. Through the combination of professional and technical courses and an integrated liberal arts core, academic programs emphasize the relevance of continuous learning to personal and professional growth. Upon successful completion, graduates are prepared to enter the workforce or to continue their education. As an extension of the primary mission, neit offers the opportunity to pursue professional and technological studies to satisfy personal interests.as an institution primarily devoted to teaching, neit provides opportunities for students from diverse educational backgrounds and with varying levels of ability to study in a variety of technological fields.

Financials

FY 2023

Revenue

Contributions & grants$159K
Program service revenue$78.1M
Investment income$17.9M
Other revenue$69K
Total revenue$96.2M

Expenses

Grants paid$15.1M
Salaries & benefits$37.2M
Fundraising
Other expenses$33.0M
Total expenses$85.3M
Total assets$441.7M
Net assets$345.3M

People

26 listed

NameRoleCompensation

RICHARD I GOUSE

PRESIDENT & TRUSTEE

Board

$1.0M

55 hrs/wk

CHERYL C CONNORS

SENIOR V.P. & TREASURER

Board

$621K

50 hrs/wk

SCOTT FREUND

EXEC. VICE PRES.

Board

$486K

50 hrs/wk

DOUGLAS SHERMAN JR

SENIOR V.P. & PROVOST

Board

$319K

50 hrs/wk

ALAN I RESNICK

VICE PRESIDENT

Board

$289K

50 hrs/wk

KENNETH F JALBERT

VICE PRESIDENT

Board

$281K

50 hrs/wk

PHILLIP PARSONS

VICE PRESIDENT

Board

$234K

50 hrs/wk

TIMOTHY REARDON

VICE PRESIDENT

Board

$211K

50 hrs/wk

CATHERINE KENNEDY

VICE PRESIDENT

Board

$200K

50 hrs/wk

STEVEN KITCHIN

VICE PRESIDENT

Board

$197K

50 hrs/wk

AMY GRZYBOWSKI

VICE PRESIDENT

Board

$182K

50 hrs/wk

THOMAS FAY

VICE PRESIDENT/GENERAL COUNSEL

Board

$39K

50 hrs/wk

PHILLIP KYDD

TRUSTEE

Board

1 hrs/wk

STEVEN L MELTZER

TRUSTEE

Board

1 hrs/wk

FRANCIS X FLAHERTY

TRUSTEE

Board

1 hrs/wk

JOSEPH DEANGELIS

TRUSTEE

Board

1 hrs/wk

DR WILLIAM CROASDALE

TRUSTEE

Board

1 hrs/wk

JAMES DIOSSA

TRUSTEE

Board

1 hrs/wk

SETH KURN

TRUSTEE

Board

1 hrs/wk

LYNETTE LABINGER

TRUSTEE

Board

1 hrs/wk

ROANNE SRAGOW LICHT

TRUSTEE

Board

1 hrs/wk

HENRY YOUNG

ASSISTANT PROVOST

Staff

$207K

45 hrs/wk

JACQUES LAFLAMME

CIO

Staff

$193K

45 hrs/wk

HENRY JOHNSON

ASSOCIATE PROFESSOR/DEPT. CHAIR

Staff

$172K

45 hrs/wk

RANDAL FEDORUK

ASSOCIATE PROFESSOR

Staff

$169K

45 hrs/wk

DARLENE NORET

ASSISTANT PROVOST

Staff

$167K

45 hrs/wk

Grants received

Showing 27 of 27

FromAmountPurposeYear
$122K
EQUIPMENT AND TECHNOLOGY FOR MULTIPLE DEPARTMENTS
2024
$11K
SCHOLARSHIP ASSISTANCE FOR POST-SECONDARY EDUCATION
2024
$7K
SCHOLARSHIP
2024
$20K
TO SUPPORT SECONDARY AND POST SECONDARY COLLISION REPAIR TRAINING PROGRAMS.
2023
$2K
EXEMPT PURPOSE
2023
$108K
EQUIPMENT AND TECHNOLOGY FOR MULTIPLE DEPARTMENTS
2022
$25K
GENERAL OPERATING SUPPORT
2022
$10K
EDUCATION
2022
$3K
TO PROVIDE SCHOLARSHIPS.
2022
$3K
EXEMPT PURPOSE
2022
$3K
Program Support
2022
$3K
Program Support
2021
$125K
TECHNOLOGY AND EQUIPMENT TO
2020
$3K
TO PROVIDE SCHOLARSHIPS.
2020
$3K
TO PROVIDE TUITION ASSISTANCE.
2018

Funded by

$622K from 16 funders · 27 grants · 2018–2024

The Champlin Foundation

$354K · 3 grants · 2020–2024

Ralph R Papitto & Barbara A Papitto

$150K · 2 grants · 2023–2024

I Car Education Foundation

$20K · 1 grant · 2023

Leo D Boyajian Family Foundation 1013592

$13K · 3 grants · 2022–2023

Lyford Cay Foundation Inc

$11K · 1 grant · 2024

Columbus Foundation

$10K · 1 grant · 2022

Urann Foundation

$7K · 1 grant · 2024

Details

EIN050312747
NTEE codeB400
Subsection03
Ruling date1970-03
Formed1970
Employees760
Volunteers0
NEW ENGLAND INSTITUTE OF TECHNOLOGY — Mission, Financials & Grants Received | Grantivo