NonprofitsNew Jersey Institute Of Technology Foundation

Education

New Jersey Institute Of Technology Foundation

NEWARK, NJ

Total revenue

$16.4M

Total expenses

$11.5M

Net assets

$188.2M

Grants received

$22.7M

192 grants

EIN

221714037

Tax year

2023

Mission

Resource development organization that raises and manages funds for njit.

Programs

3 programs

Research and program grants totaling $580,160 were awarded to new jersey institute of technology to support various research projects, in accordance with donor and other restrictions.

Expenses: $580KGrants: $580K

Instructional grants totaling $941,298 were awarded to new jersey institute of technology in support of its educational programs in accordance with donor and other restrictions.

Expenses: $941KGrants: $941K

Student service grants totaling $354,408 were awarded to new jersey institute of technology in support of its athletic, theater, and other programs in accordance with donor and other restrictions.public service grants totaling $279,400 were awarded to new jersey institute of technology to support pre-college and outreach programs in accordance with donor and other restrictions.academic support grants totaling $1,214,856 were awarded to new jersey institute of technology to support deans and other academic support activities in accordance with donor and other restrictions.institutional support grants totaling $385,937 were awarded to related organizations, new jersey institute of technology and new jersey innovation institute, in support of public relations and other activities in accordance with donor and other restrictions.grants totaling $7,722 were awarded to the beta alpha chapter of pi kappa phi, inc., a student fraternity organization, to assist with the payment of its mortgage associated with the construction and furnishing of educational areas of their chapter house.

Expenses: $2.2MGrants: $2.2M

Financials

FY 2023

Revenue

Contributions & grants$10.4M
Program service revenue
Investment income$6.1M
Other revenue
Total revenue$16.4M

Expenses

Grants paid$10.6M
Salaries & benefits
Fundraising$120K
Other expenses$886K
Total expenses$11.5M
Total assets$192.0M
Net assets$188.2M

People

44 listed

NameRoleCompensation

TEIK C LIM

DIRECTOR

Board

1 hrs/wk

ATAM DHAWAN

DIRECTOR

Board

1 hrs/wk

ANDREW P CHRIST

DIRECTOR

Board

1 hrs/wk

CATHERINE Z BRENNAN

SECRETARY

Board

3 hrs/wk

KENNETH ALEXO JR

PRESIDENT

Board

35 hrs/wk

ROBERT MEDINA

CHAIRMAIN

Board

1 hrs/wk

ARTHUR A KAPOOR

VICE CHAIRMAN

Board

1 hrs/wk

KENNETH M COLAO

VICE CHAIRMAN

Board

1 hrs/wk

STEVEN ANNUNZIATO

DIRECTOR

Board

1 hrs/wk

SIDDHARTHA BALA

DIRECTOR

Board

1 hrs/wk

ALFRED A DE SETA

DIRECTOR

Board

1 hrs/wk

ANGELO DEL RUSSO

DIRECTOR

Board

1 hrs/wk

ALBERT A DORMAN

DIRECTOR (THRU 11/23)

Board

1 hrs/wk

JONATHAN F ECHEVERRIA

DIRECTOR

Board

1 hrs/wk

KIM Y FELIX

DIRECTOR

Board

1 hrs/wk

DONALD FLOOD

DIRECTOR

Board

1 hrs/wk

CARLOS FONSECA

DIRECTOR

Board

1 hrs/wk

CHARLES FORMAN

DIRECTOR

Board

1 hrs/wk

CAREN L FREYER DESOUZA

DIRECTOR

Board

1 hrs/wk

JOHN J FUMOSA

DIRECTOR

Board

1 hrs/wk

DAVID T GOCKEL

DIRECTOR

Board

1 hrs/wk

DANIEL A HENDERSON

DIRECTOR

Board

1 hrs/wk

ROBERT J HILLIER

DIRECTOR

Board

1 hrs/wk

SONYA KAKKAR

DIRECTOR

Board

1 hrs/wk

RALPHA M MADDALENA

DIRECTOR

Board

1 hrs/wk

JOHN MCCANN

DIRECTOR

Board

1 hrs/wk

RAYMOND J MCGOWAN

DIRECTOR

Board

1 hrs/wk

PASCAL MONTILUS

DIRECTOR

Board

1 hrs/wk

PATRICK NATALE

DIRECTOR

Board

1 hrs/wk

KATHLEEN NATRIELLO

DIRECTOR

Board

1 hrs/wk

GEORGE M NEWCOMBE

DIRECTOR

Board

1 hrs/wk

BRETT NEWTON

DIRECTOR (THRU 1/24)

Board

1 hrs/wk

JOHN H OLSON

DIRECTOR (THRU 12/23)

Board

1 hrs/wk

MICHAEL D PAGES

DIRECTOR

Board

1 hrs/wk

MARJORIE A PERRY

DIRECTOR

Board

1 hrs/wk

PAUL V PROFETA

DIRECTOR

Board

1 hrs/wk

MARK ROMANSKI

DIRECTOR

Board

1 hrs/wk

STEVEN SAPERSTEIN

DIRECTOR

Board

1 hrs/wk

GREGORY SAUTER

DIRECTOR

Board

1 hrs/wk

JOHN W SEAZHOLTZ

DIRECTOR

Board

1 hrs/wk

STEPHANIE TONIC

DIRECTOR

Board

1 hrs/wk

MARTIN TUCHMAN

DIRECTOR

Board

1 hrs/wk

KIM V VIERHEILIG

DIRECTOR

Board

1 hrs/wk

JOHN A PELESKO

DIRECTOR (AS OF 7/23)

Board

1 hrs/wk

Grants received

Showing 192 of 192

FromAmountPurposeYear
$3.3M
FOOD PROVIDED TO LOCAL NOT FOR PROFIT ORGANIZATIONS TO DISTRIBUTE TO THE HUNGRY IN BERGEN, HUDSON, ESSEX AND PASSAIC COUNTIES
2024
$85K
TO SUPPORT NEWARK RESIDENTS TO ATTEND NJIT'S CENTER FOR PRE-COLLEGE PROGRAMS (CPCP) SUMMER PROGRAMMING
2024
$27K
GENERAL OPERATING SUPPORT
2024
$21K
GENERAL SUPPORT
2024
$17K
PROVIDE RESOUCES FOR ATHLETIC PROGRAM
2024
$10K
UNRESTRICTED GENERAL SUPPORT
2024
$7K
SCHOLARSHIP GRANT
2024
$1K
MATCHING GIFTS
2024
$250
MATCHING CONTRIBUTION (GENERAL OPERATING SUPPORT)
2024
$3.0M
FOOD PROVIDED TO LOCAL NOT FOR PROFIT ORGANIZATIONS TO DISTRIBUTE TO THE HUNGRY IN BERGEN, HUDSON, ESSEX AND PASSAIC COUNTIES
2023
$419K
STUDENT ATHLETIC ASSISTANCE
2023
$345K
Grants/Scholarships
2023
$320K
SUB-AWARD
2023
$174K
For grant recipient's exempt purposes
2023
$134K
SUB-AWARD
2023
$75K
TO SUPPORT GENERAL OPERATIONS FOR THE 2024 SUMMER EARLY COLLEGE PREPRATORY PROGRAMS
2023
$74K
SUBCONTRACT GRANT AWARD
2023
$65K
AIRPORT CITY NEWARK COALITION COORDINATION AND COMMUNITY ADVOCACY
2023
$50K
GENERAL OPERATING SUPPORT
2023
$44K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$23K
SCHOLARSHIPS - FALL AND SPRING SEMESTERS.
2023
$22K
DONOR DESIGNATION
2023
$20K
Scholarship
2023
$11K
MATCHING GIFTS
2023
$10K
CHARITABLE DONATION
2023
$10K
GENERAL SUPPORT
2023
$10K
EDUCATIONAL PROGRAMS & OTHER STUDENT SVC
2023
$10K
UNRESTRICTED GENERAL SUPPORT
2023
$7K
UNRESTRICTED GRANT TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE
2023
$6K
GENERAL OPERATING/FLEXIBLE SUPPORT GRANT
2023
$5K
OTHER CIVIC / COMMUNITY
2023
$5K
OTHER CIVIC / COMMUNITY
2023
$1K
GENERAL OPERATING SUPPORT
2023
$1K
OTHER CIVIC / COMMUNITY
2023
$500
MATCHING GIFTS
2023
$154
GENERAL SUPPORT
2023
$150
OTHER CIVIC / COMMUNITY
2023
$100
GENERAL OPERATING PURPOSE
2023
$100
OTHER CIVIC / COMMUNITY
2023
$50
Matching Gifts
2023
$25
OTHER CIVIC / COMMUNITY
2023
$25
OTHER CIVIC / COMMUNITY
2023
$2.2M
FOOD PROVIDED TO LOCAL NOT FOR PROFIT ORGANIZATIONS TO DISTRIBUTE TO THE HUNGRY IN BERGEN, HUDSON, ESSEX AND PASSAIC COUNTIES
2022
$398K
STUDENT ATHLETIC ASSISTANCE
2022
$301K
Grants/Scholarships
2022
$286K
SUB-AWARD
2022
$140K
SUB-AWARD
2022
$106K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$105K
For grant recipient's exempt purposes
2022
$75K
TO SUPPORT TRAINING INC GENERAL OPERATIONS FOR THE SUMMER EARLY COLLEGE PREPRATORY PROGRAMS
2022
$65K
AIRPORT CITY NEWARK: VISION PLAN AND MASTER PLAN INTEGRATION; COMMUNITY BENEFITS AGREEMENT
2022
$50K
Pfeiffer Foundation endowed scholarship fund for first gen/low income students in bio-engineering or bio-medical engineering
2022
$50K
Scholarship
2022
$50K
NJIT Newark Math Success Initiative
2022
$36K
SUBCONTRACT GRANT AWARD
2022
$28K
DONOR DESIGNATION
2022
$20K
GENERAL SUPPORT
2022
$18K
SCHOLARSHIPS - FALL AND SPRING SEMESTERS.
2022
$12K
CHARITABLE DONATION
2022
$12K
MATCHING GIFTS
2022
$10K
UNRESTRICTED GENERAL SUPPORT
2022
$6K
GENERAL SUPPORT
2022
$6K
UNRESTRICTED GRANT TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE
2022
$5K
MIP PAYOUT FOR 02/07/2022
2022
$5K
MIP PAYOUT FOR 09/01/22
2022
$4K
MIP PAYOUT FOR 12/02/22
2022
$3K
MIP PAYOUT FOR 01/27/2022
2022
$1K
MATCHING GIFTS
2022
$1K
MIP PAYOUT FOR 04/01/2022
2022
$500
DONATIONS TO COLLEGES, UNIVERSITIES AND OTHER ORGANIZATIONS UNDER "MATCHING GIFTS PROGRAM."
2022
$254
GENERAL OPERATING SUPPORT
2022
$100
MIP PAYOUT FOR 12/02/22
2022
$100
MIP PAYOUT FOR 01/27/2022
2022
$100
MIP PAYOUT FOR 11/09/22
2022
$50
Matching Gifts
2022
$2.2M
FOOD PROVIDED TO LOCAL NOT FOR PROFIT ORGANIZATIONS TO DISTRIBUTE TO THE HUNGRY IN BERGEN, HUDSON, ESSEX AND PASSAIC COUNTIES
2021
$409K
STUDENT ATHLETIC ASSISTANCE
2021
$307K
Scholarships/Grants
2021
$149K
SUB-AWARD
2021
$103K
SUBCONTRACT GRANT AWARD
2021
$100K
Operating Support/Annual Fund
2021
$90K
For grant recipient's exempt purposes
2021
$90K
For grant recipient's exempt purposes
2021
$67K
SUB-AWARD
2021
$61K
GENERAL SUPPORT
2021
$61K
GENERAL SUPPORT
2021
$60K
PROMOTE EDUCATION
2021
$54K
For recipient's exempt purpose
2021
$29K
DONOR DESIGNATION
2021
$13K
FALL SCHOLARSHIPS.
2021
$10K
MATCHING GIFTS
2021
$10K
CHARITABLE DONATION
2021
$475
GENERAL OPERATING SUPPORT
2021
$250
EMPLOYEE GIVING PROGRAM
2021
$2.2M
FOOD PROVIDED TO LOCAL NOT FOR PROFIT ORGANIZATIONS TO DISTRIBUTE TO THE HUNGRY IN BERGEN, HUDSON, ESSEX AND PASSAIC COUNTIES
2020
$287K
Scholarships/Grants
2020
$115K
CONSULTING
2020
$112K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$89K
For grant recipient's exempt purposes
2020
$75K
TO SUPPORT GENERAL OPERATIONS
2020
$65K
NEWARK AIRPORT CITY: INTERNATIONAL ONLINE CONFERENCE
2020
$31K
SUB-AWARD
2020
$30K
BRAID (BUILDING, RECRUITING, AND INCLUSION FOR DIVERSITY) IMITATIVE FUNDING
2020
$30K
Scholarship
2020
$30K
DONOR DESIGNATION
2020
$24K
GENERAL OPERATING
2020
$14K
SUBCONTRACT GRANT AWARD
2020
$10K
CHARITABLE DONATION
2020
$10K
Matching Gifts
2020
$8K
FOR GENERAL OPERATING SUPPORT
2020
$7K
MIP PAYOUT FOR 01/14/20
2020
$7K
General Support
2020
$5K
MIP PAYOUT FOR 02/10/20
2020
$5K
MIP PAYOUT FOR 11/09/20
2020
$5K
PROGRAM SUPPORT
2020
$5K
CHARITABLE CONTRIBUTION
2020
$5K
PROGRAM SUPPORT
2020
$1K
MIP PAYOUT FOR 07/14/20
2020
$1K
MIP PAYOUT FOR 06/12/20
2020
$200
PROGRAM ASSISTANCE
2020
$100
EMPLOYEE GIVING PROGRAM
2020
$60
GENERAL PURPOSE
2020
$35
MIP PAYOUT FOR 10/06/20
2020
$62K
For grant recipient's exempt purposes
2019
$30K
Scholarship
2019
$28K
DONOR DESIGNATION
2019
$16K
COLLEGES AND UNIVERSITIES/ENDOWED SCHOLARSHIP
2019
$16K
SUB-AWARD
2019
$14K
Scholarships/Grants
2019
$10K
Charitable Donation
2019
$10K
Charitable Donation
2019
$7K
General support
2019
$5K
SCHOLARSHIP FUND SUPPORT
2019
$100K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2018
$56K
For grant recipient's exempt purposes
2018
$30K
BRAID (BUILDING, RECRUITING, AND INCLUSION FOR DIVERSITY) INITIATIVE FUNDING
2018
$24K
DONOR DESIGNATION
2018
$15K
SURVEYING EDUCATION AWARD
2018
$10K
GENERAL SUPPORT
2018
$5K
RESILIENCE SUPPORT
2018
$303K
SCHOLARSHIPS/GRANTS
2017
$131K
SUB-AWARD
2017
$20K
General Support
2017
$19K
DONOR DESIGNATION
2017
$15K
Scholarship
2017
$8K
HUMAN SERVICES
2017

Funded by

$22.7M from 62 funders · 192 grants · 2017–2024

Table To Table Inc

$12.9M · 5 grants · 2020–2024

National Collegiate Athletic Association

$1.6M · 6 grants · 2017–2023

Donor Advised Charitable Giving Inc

$1.3M · 7 grants · 2017–2023

America East Conference

$1.2M · 3 grants · 2021–2023

Johns Hopkins University

$785K · 4 grants · 2020–2023

Fidelity Investments Charitable Gift Fund

$665K · 7 grants · 2018–2023

Northeastern University

$488K · 5 grants · 2017–2023

Vanguard Charitable Endowment Program

$316K · 4 grants · 2020–2023

Details

EIN221714037
NTEE codeB110
Subsection03
Ruling date1961-12
Formed1959
Employees0
Volunteers35
NEW JERSEY INSTITUTE OF TECHNOLOGY FOUNDATION — Mission, Financials & Grants Received | Grantivo