Skip to content
Nonprofiteer
← NEW YORK INSTITUTE OF TECHNOLOGY

Form 990 for tax year 2023

Filed by NEW YORK INSTITUTE OF TECHNOLOGY.

Totals

Total revenue
$381,498,402
Total expenses
$366,369,094
Contributions and grants received
$10,679,764
Grants paid
$80,378,505
Program services expenses (Part IX)
$343,355,582
Management and general expenses
$20,384,794
Fundraising expenses
$2,628,718
Program service expenses (Part III)
$343,355,582

Program services were 93.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DR HENRY FOLEY

    PRESIDENT

    Total calculated
    $1,332,443
    From this org
    $1,285,176
    From related orgs
    $0
    Other
    $47,267
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $840,176
    Bonus
    $325,000
    Other
    $120,000
    Deferred
    $23,100
    Nontaxable benefits
    $24,167
    Filer's total
    $1,332,443

  • PETER J ROMANO

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    5

  • DAN FERRARA

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • MICHAEL J MERLO

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • CATHERINE ALLEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • ANDREW BERNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • DOMENICK CHIECO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • PHILLIP FASANO

    TRUSTEE (THRU 09/2023)

    Total calculated
    $0
    Hours/week
    5

  • PETER FERENTINOS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • HENRY IERVOLINO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • SANTHOSH KESHAVAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • JOHN KEVILLE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • THOMAS VAN LAAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • TED MOUDIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • PATRICK O'SHAUGHNESSY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • MONTE N REDMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • DEBORAH VOGEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • ELI WACHTEL

    TRUSTEE (AS OF 12/2023)

    Total calculated
    $0
    Hours/week
    5

  • ROBERT A WILD ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • CATHERINE FLICKINGER

    VP HR, GEN. COUNSEL & SECRETARY

    Total calculated
    $542,578
    From this org
    $484,283
    From related orgs
    $0
    Other
    $58,295
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $427,779
    Bonus
    $50,000
    Other
    $6,504
    Deferred
    $33,000
    Nontaxable benefits
    $25,295
    Filer's total
    $542,578

  • BARBARA J HOLAHAN

    VP FIN. AFFAIRS, CFO/TREASURER

    Total calculated
    $494,953
    From this org
    $439,714
    From related orgs
    $0
    Other
    $55,239
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $383,091
    Bonus
    $50,000
    Other
    $6,623
    Deferred
    $29,717
    Nontaxable benefits
    $25,522
    Filer's total
    $494,953

  • EILEEN VALERIO

    CONTROLLER & ASSISTANT TREASURER

    Total calculated
    $263,683
    From this org
    $217,000
    From related orgs
    $0
    Other
    $46,683
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $216,881
    Bonus
    $0
    Other
    $119
    Deferred
    $22,670
    Nontaxable benefits
    $24,013
    Filer's total
    $263,683

  • JERRY BALENTINE

    PROVOST & EXECUTIVE VICE PRESIDENT

    Total calculated
    $827,381
    From this org
    $757,388
    From related orgs
    $0
    Other
    $69,993
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $700,765
    Bonus
    $50,000
    Other
    $6,623
    Deferred
    $29,700
    Nontaxable benefits
    $40,293
    Filer's total
    $827,381

  • NICOLE WADSWORTH

    DEAN, COLLEGE OF OSTEOPATHIC MED.

    Total calculated
    $470,157
    From this org
    $408,753
    From related orgs
    $0
    Other
    $61,404
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $408,615
    Bonus
    $0
    Other
    $138
    Deferred
    $23,100
    Nontaxable benefits
    $38,304
    Filer's total
    $470,157

  • JOSEPH POSILLICO

    VP FOR ENROLL MGMT/STRATEGIC COMM.

    Total calculated
    $477,602
    From this org
    $417,822
    From related orgs
    $0
    Other
    $59,780
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $386,060
    Bonus
    $25,000
    Other
    $6,762
    Deferred
    $23,100
    Nontaxable benefits
    $36,680
    Filer's total
    $477,602

  • BABAK DASTGHEIB-BEHESHTI

    DEAN ENGINEERING SCHOOL

    Total calculated
    $404,952
    From this org
    $350,586
    From related orgs
    $0
    Other
    $54,366
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $350,467
    Bonus
    $0
    Other
    $119
    Deferred
    $33,000
    Nontaxable benefits
    $21,366
    Filer's total
    $404,952

  • DONALD BOOTH

    VP, CAPITAL PLANNING & FACILIITES

    Total calculated
    $352,287
    From this org
    $308,223
    From related orgs
    $0
    Other
    $44,064
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $301,482
    Bonus
    $0
    Other
    $6,741
    Deferred
    $13,563
    Nontaxable benefits
    $30,501
    Filer's total
    $352,287

  • SHANE SPEIGHTS

    SITE DEAN, COLLEGE OF OSTEOPATHIC MED.

    Total calculated
    $494,974
    From this org
    $433,320
    From related orgs
    $0
    Other
    $61,654
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $433,182
    Bonus
    $0
    Other
    $138
    Deferred
    $27,025
    Nontaxable benefits
    $34,629
    Filer's total
    $494,974

  • PATRICK MINSON

    VP DEV. & ALUM. RELATIONS & EXT AFF.

    Total calculated
    $432,771
    From this org
    $373,070
    From related orgs
    $0
    Other
    $59,701
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $366,506
    Bonus
    $0
    Other
    $6,564
    Deferred
    $23,100
    Nontaxable benefits
    $36,601
    Filer's total
    $432,771

  • PENNIE TURGEON

    VP OF IT & CIO

    Total calculated
    $430,581
    From this org
    $406,249
    From related orgs
    $0
    Other
    $24,332
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $373,287
    Bonus
    $25,000
    Other
    $7,962
    Deferred
    $23,100
    Nontaxable benefits
    $1,232
    Filer's total
    $430,581

  • ANTHONY GERDES

    PROFESSOR

    Total calculated
    $406,595
    From this org
    $348,263
    From related orgs
    $0
    Other
    $58,332
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $347,552
    Bonus
    $0
    Other
    $711
    Deferred
    $33,000
    Nontaxable benefits
    $25,332
    Filer's total
    $406,595

  • NANCY BONO

    ASSOC. DEAN CLINICAL REL. & OUTREACH /ASSOC. PROF

    Total calculated
    $387,443
    From this org
    $315,116
    From related orgs
    $0
    Other
    $72,327
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $314,213
    Bonus
    $0
    Other
    $903
    Deferred
    $31,308
    Nontaxable benefits
    $41,019
    Filer's total
    $387,443

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 — 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

  • 1a · First-class or charter travel
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

HOUSING BENEFITS
SCHEDULE J, PART I, LINE 1A NYIT IS A GLOBAL UNIVERSITY WITH CAMPUSES IN NEW YORK (MANHATTAN AND LONG ISLAND), ARKANSAS (JONESBORO) AND CANADA (VANCOUVER), AND, AS SUCH, THE PRESIDENT IS REQUIRED TO ENGAGE IN EXTENSIVE INTERNATIONAL TRAVEL. THE PRESIDENT TRAVELS WITH ABOVE STANDARD ACCOMMODATIONS (E.G., BUSINESS OR FIRST CLASS). THE UNIVERSITY ALSO MAKES A CAR AND DRIVER AVAILABLE TO THE PRESIDENT FOR TRAVEL BETWEEN CAMPUSES. THESE ACCOMMODATIONS ARE USED FOR BUSINESS PURPOSES ONLY AND ARE NOT TREATED AS TAXABLE COMPENSATION. NYIT DOES NOT MAINTAIN PRESIDENTIAL CAMPUS HOUSING. NYIT PROVIDES A HOUSING ALLOWANCE TO THE PRESIDENT TO MAINTAIN A RESIDENCE FOR PERSONAL AND UNIVERSITY FUNCTIONS. OTHER TAXABLE COMPENSATION RECEIVED BY PRESIDENT FOLEY IN CALENDAR YEAR 2023 INCLUDED A $120,000 HOUSING ALLOWANCE. THE INSTITUTE HAS A MEMBERSHIP AT A LOCAL UNIVERSITY CLUB IN THE NAME OF PRESIDENT, HANK FOLEY. THIS CLUB IS USED EXCLUSIVELY TO ENGAGE IN UNIVERSITY BUSINESS; ACCORDINGLY THE VALUE OF THE CLUB MEMBERSHIP IS NOT INCLUDED IN PRESIDENT FOLEY'S TAXABLE WAGES. SCHEDULE J, PART I, LINE 4B: PRESIDENT & CEO, DR. HANK FOLEY, PARTICIPATES IN THE INSTITUTE'S SECTION 457(F) NON-QUALIFIED DEFERRED COMPENSATION PLAN; IN CALENDAR YEAR 2023, THE INSTITUTE ACCRUED $60,000 TO BE CONTRIBUTED INTO DR. FOLEY'S PLAN. THIS AMOUNT HAS BEEN REPORTED IN SCHEDULE J, PART II, COLUMN (C). SCHEDULE J, PART I, LINE 7 AND PART II, COLUMN (B)(II) THE PRESIDENT'S REPORTABLE COMPENSATION INCLUDES BONUS AND INCENTIVE COMPENSATION EARNED BASED ON MEETING CERTAIN OBJECTIVE PERFORMANCE CRITERIA AND IN ACCORDANCE WITH THE PRESIDENT'S EMPLOYMENT AGREEMENT. THE DECISION TO AWARD THE PRESIDENT WITH A BONUS RESTS WITH THE BOARD OF TRUSTEES EXECUTIVE COMMITTEE. OTHER OFFICERS AND KEY EMPLOYEES REPORTED ON SCHEDULE J, LIKEWISE, RECEIVED A BONUS IN CALENDAR YEAR 2023 AT THE DIRECTION OF THE PRESIDENT AND BOARD OF TRUSTEES.

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

Provenance

Return type
form_990
Tax year
2023
Filed
2 May 2025
IRS schema version
2023v6.0
Source object
202501229349302430

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

The source document this was parsed from is served over the API, which is where bulk and document access live.