← NEW JERSEY INSTITUTE OF TECHNOLOGY FOUNDATION

Form 990 for tax year 2022

Filed by NEW JERSEY INSTITUTE OF TECHNOLOGY FOUNDATION.

Totals

Total revenue: $14,094,600
Total expenses: $9,939,238
Contributions and grants received: $12,563,402
Grants paid: $9,159,988
Program service revenue: not reported
Investment income: not reported
Other revenue: not reported
Total assets, end of year: not reported
Total liabilities, end of year: not reported
Net assets or fund balances, end of year: not reported
Program services expenses (Part IX): $9,159,988
Management and general expenses: $729,332
Fundraising expenses: $49,918
Program service expenses (Part III): $9,159,988

Program services were 92.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

TEIK C LIM

OVERSEER (AS OF 7/22)

Total calculated

$483,364

From this org

$0

From related orgs

$449,624

Other

$33,740

Hours/week

1 + 34 related

Schedule J breakdown matched by us

Base

$0 + $291,906 related

Bonus

$0

Other

$0 + $157,718 related

Deferred

$0 + $14,000 related

Nontaxable benefits

$0 + $19,740 related

Filer's total

$0 + $483,364 related
ATAM DHAWAN

OVERSEER (AS OF 7/22)

Total calculated

$469,522

From this org

$0

From related orgs

$417,094

Other

$52,428

Hours/week

1 + 34 related

Schedule J breakdown matched by us

Base

$0 + $396,185 related

Bonus

$0

Other

$0 + $20,909 related

Deferred

$0 + $14,000 related

Nontaxable benefits

$0 + $38,428 related

Filer's total

$0 + $469,522 related
ANDREW P CHRIST

OVERSEER

Total calculated

$403,832

From this org

$0

From related orgs

$339,230

Other

$64,602

Hours/week

1 + 34 related

Schedule J breakdown matched by us

Base

$0 + $324,956 related

Bonus

$0

Other

$0 + $14,274 related

Deferred

$0 + $14,000 related

Nontaxable benefits

$0 + $50,602 related

Filer's total

$0 + $403,832 related
CATHERINE Z BRENNAN

SECRETARY

Total calculated

$397,042

From this org

$0

From related orgs

$317,775

Other

$79,267

Hours/week

3 + 32 related

Schedule J breakdown matched by us

Base

$0 + $306,819 related

Bonus

$0 + $7,875 related

Other

$0 + $3,081 related

Deferred

$0 + $37,938 related

Nontaxable benefits

$0 + $41,329 related

Filer's total

$0 + $397,042 related
KENNETH ALEXO JR

PRESIDENT

Total calculated

$344,204

From this org

$0

From related orgs

$287,886

Other

$56,318

Hours/week

35

Schedule J breakdown matched by us

Base

$0 + $278,958 related

Bonus

$0

Other

$0 + $8,928 related

Deferred

$0 + $14,000 related

Nontaxable benefits

$0 + $42,318 related

Filer's total

$0 + $344,204 related
MARJORIE A PERRY

CHAIRMAN (THRU 1/23)/OVERSEER

Total calculated

$0

Hours/week

1
ROBERT MEDINA

OVERSEER/CHAIRMAIN (AS OF 1/23)

Total calculated

$0

Hours/week

1
ARTHUR A KAPOOR

VICE CHAIRMAN

Total calculated

$0

Hours/week

1
KENNETH M COLAO

OVERSEER/VICE CHAIRMAIN (AS OF 1/23)

Total calculated

$0

Hours/week

1
STEVEN ANNUNZIATO

OVERSEER

Total calculated

$0

Hours/week

1
SIDDHARTHA BALA

OVERSEER

Total calculated

$0

Hours/week

1
ALFRED A DE SETA

OVERSEER

Total calculated

$0

Hours/week

1
ANGELO DEL RUSSO

OVERSEER

Total calculated

$0

Hours/week

1
ALBERT A DORMAN

OVERSEER

Total calculated

$0

Hours/week

1
JONATHAN F ECHEVERRIA

OVERSEER (AS OF 12/22)

Total calculated

$0

Hours/week

1
KIM Y FELIX

OVERSEER

Total calculated

$0

Hours/week

1
DONALD FLOOD

OVERSEER

Total calculated

$0

Hours/week

1
CARLOS FONSECA

OVERSEER

Total calculated

$0

Hours/week

1
CHARLES FORMAN

OVERSEER

Total calculated

$0

Hours/week

1
CAREN L FREYER DESOUZA

OVERSEER

Total calculated

$0

Hours/week

1
JOHN J FUMOSA

OVERSEER

Total calculated

$0

Hours/week

1
DAVID T GOCKEL

OVERSEER

Total calculated

$0

Hours/week

1
DANIEL A HENDERSON

OVERSEER

Total calculated

$0

Hours/week

1
ROBERT J HILLIER

OVERSEER

Total calculated

$0

Hours/week

1
SONYA KAKKAR

OVERSEER

Total calculated

$0

Hours/week

1
RALPHA M MADDALENA

OVERSEER

Total calculated

$0

Hours/week

1
JOHN MCCANN

OVERSEER

Total calculated

$0

Hours/week

1
RAYMOND J MCGOWAN

OVERSEER

Total calculated

$0

Hours/week

1
PASCAL MONTILUS

OVERSEER

Total calculated

$0

Hours/week

1
PATRICK NATALE

OVERSEER

Total calculated

$0

Hours/week

1
KATHLEEN NATRIELLO

OVERSEER

Total calculated

$0

Hours/week

1
GEORGE M NEWCOMBE

OVERSEER

Total calculated

$0

Hours/week

1
BRETT NEWTON

OVERSEER

Total calculated

$0

Hours/week

1
JOHN H OLSON

OVERSEER

Total calculated

$0

Hours/week

1
MICHAEL D PAGES

OVERSEER (AS OF 10/22)

Total calculated

$0

Hours/week

1
PAUL V PROFETA

OVERSEER

Total calculated

$0

Hours/week

1
PHILIP L RINALDI

OVERSEER (THRU 10/22)

Total calculated

$0

Hours/week

1
MARK ROMANSKI

OVERSEER

Total calculated

$0

Hours/week

1
STEVEN SAPERSTEIN

OVERSEER (AS OF 1/23)

Total calculated

$0

Hours/week

1
GREGORY SAUTER

OVERSEER

Total calculated

$0

Hours/week

1
JOHN W SEAZHOLTZ

OVERSEER

Total calculated

$0

Hours/week

1
W MARCUS SHERIDAN

OVERSEER

Total calculated

$0

Hours/week

1
STEPHANIE TONIC

OVERSEER

Total calculated

$0

Hours/week

1
MARTIN TUCHMAN

OVERSEER

Total calculated

$0

Hours/week

1
KIM V VIERHEILIG

OVERSEER

Total calculated

$0

Hours/week

1
ROBERT E WARD

OVERSEER (AS OF 10/22; THRU 4/23)

Total calculated

$0

Hours/week

1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3: THE COMPENSATION OF THE FOUNDATION'S PRESIDENT IS ESTABLISHED BY THE NEW JERSEY INSTITUTE OF TECHNOLOGY, THE EMPLOYER OF RECORD. HIS COMPENSATION IS ESTABLISHED WITHIN COMPETITIVE RANGES AND IS DETERMINED BASED ON COMPARING THE SALARIES OF SIMILARLY SITUATED EXECUTIVES AT PEER INSTITUTIONS WITHIN THE SAME GEOGRAPHICAL REGION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

NJ INSTITUTE OF TECHNOLOGY

$9,141,967

SCHOLARSHIP, FELLOWSHIP AND OTHER GRANTS
PI KAPPA PHI

$18,021

CONSTRUCTION/FURNISHING OF CHAPTER HOUSE

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

NEW JERSEY INSTITUTE OF TECHNOLOGY

115(A)(2) · PUBLIC RESEARCH UNIVERSITY · NJ
NEW JERSEY INNOVATION INSTITUTE INC

501(C)(3) · RESEARCH AND ECONOMIC DEVELOPMENT · NJ

Directly controlled by NEW JERSEY INSTITUTE OF TECHNOLOGY

Provenance

Return type: form_990
Tax year: 2022
Filed: 9 May 2024
IRS schema version: 2022v5.0
Source object: 202441319349303049

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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