Foundation at Nj Institute of Technology
Foundation at Nj Institute of Technology reported $37.7 million in revenue and $11.7 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $91.61 went to program services, $4.82 to management and general costs and $3.57 to fundraising. Its largest source of revenue was investment income: 55.7% of the total. The highest compensation it reported for one person was $912,649 (DIRECTOR). Revenue rose 74% between FY2021 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $12MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $38MOther revenue was negative: −$122K. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 91.6% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 4.8% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.6% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.02 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 44.6% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $912,649 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 7.79% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 0 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 218.6 | 13.3 |
| Independent voting board members Part VI 1a–1b | 31 of 36 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseScholarship and fellowship grants were awarded to new jersey Institute of Technology in the amount of $5,585,304. Foundation at new jersey Institute of Technology receives endowed gifts and annual gifts restricted for financial aid. The annual endowment spending for scholarships and fellowships and the annual scholarship and fellowship gifts are granted to new jersey Institute of Technology and awarded to students that have met the qualifications and restrictions placed by the donors. Undergraduate and graduate awards, from donor funded scholarships and fellowships were given to approximately…
Research and program grants totaling $727,263 were awarded to new jersey Institute of Technology to support various research projects, in accordance with donor and other restrictions
Instructional grants totaling $2,056,715 were awarded to new jersey Institute of Technology in support of its educational programs in accordance with donor and other restrictions
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| DIRECTOR Director/trustee, 1.00 hrs/week | $0 | $844,373 | $68,276 | $912,649 |
| DIRECTOR Director/trustee, 1.00 hrs/week | $0 | $467,502 | $61,414 | $528,916 |
| DIRECTOR Director/trustee, 1.00 hrs/week | $0 | $440,785 | $63,989 | $504,774 |
| SECRETARY (THRU 05/2025) Director/trustee, officer, 3.00 hrs/week | $0 | $352,094 | $92,316 | $444,410 |
| DIRECTOR Director/trustee, 1.00 hrs/week | $0 | $383,790 | $30,532 | $414,322 |
| PRESIDENT (THRU 09/2024) Director/trustee, officer, 35.00 hrs/week | $0 | $295,946 | $54,108 | $350,054 |
| INTERIM PRESIDENT (09/24-04/25) Director/trustee, officer, 1.00 hrs/week | $0 | $204,595 | $65,823 | $270,418 |
| INTERIM PRESIDENT (AS OF 04/2025) Director/trustee, officer, 1.00 hrs/week | $0 | $198,960 | $16,497 | $215,457 |
0 people received more than $100,000 in reportable compensation from Foundation at Nj Institute of Technology (Part VII, line 2).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b36 · 31 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 50
- Volunteers Part I, line 631
Private foundation grants it received
17 private foundations reported grants to Foundation at Nj Institute of Technology totaling $235K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Foundation at Nj Institute of Technology's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Foundation at Nj Institute of Technology, you can publish a response that is linked from this page.
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Of every $100 Foundation at Nj Institute of Technology spent in FY2025, $91.61 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Foundation at Nj Institute of Technology's spending goes to programs?
In the fiscal year ending June 30, 2025, Foundation at Nj Institute of Technology reported that 91.6% of its $11.7 million in expenses went to program services, 4.8% to management and general and 3.6% to fundraising (Form 990, Part IX).
How much does Foundation at Nj Institute of Technology pay its top executive?
The largest total compensation Foundation at Nj Institute of Technology reported for one person in the fiscal year ending June 30, 2025 was $912,649, for the role of DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Foundation at Nj Institute of Technology get its money?
Of $37.7 million in revenue in the fiscal year ending June 30, 2025, 44.6% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Foundation at Nj Institute of Technology a registered charity?
The IRS lists EIN 22-1714037 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202601289349301705 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531289349300343 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441319349303049 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331299349301228 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231299349301008 · read the filing
All filings for EIN 22-1714037: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.