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New York Institute Of Technology

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 111788788 ✦ Old westbury, NY ✦ Designated as a 501(c)(3)

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Overview

What is New York Institute Of Technology?

The New York Institute of Technology (NYIT) is a well-known, non-profit educational institution with a student population of 14,000. It offers diverse degree programs in various fields, such as architecture and design, arts and sciences, education, engineering and computing sciences, health professions, management, and osteopathic medicine. With a strong commitment to fostering the next generation of leaders and inspiring innovation, NYIT has campuses in Long Island and Manhattan, as well as online and at its global sites. The institute is home to 12 NCAA Division II sports programs and one Division I team.


Official website here: www.nyit.edu

What are the reviews and ratings of this charity?

Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)

The New York Institute Of Technology has received a strong Four-Star rating from Charity Navigator, reflecting its high standards in accountability and finance. The overall score is entirely based on the Accountability & Finance category, where it scored an impressive 96%. This rating indicates a strong commitment to transparency and responsible financial management.

Key strengths of the organization include a predominantly independent board, as evidenced by 94% of its members being independent. Furthermore, the organization has robust financial oversight mechanisms, including an Audit and Oversight Committee, and no material diversion of assets was reported. The program expense ratio is also noteworthy, at 95.11%, suggesting that a significant portion of its expenditures directly supports its mission.

While the data highlights many strengths, the summary does not provide insights into the organization's programmatic impact or community feedback. Hence, potential supporters may want to seek additional information regarding the effectiveness of its programs and the overall beneficiary experience.


This AI summary has been generated from information found on Charity Navigator.

Is New York Institute Of Technology legitimate?

New York Institute Of Technology is a legitimate nonprofit organization registered as a 501(c)(3) entity. New York Institute Of Technology submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $2,850,978
Professional Fundraising Fees: $0
Other Salaries and Wages: $106,369,399

For more financial information, click here


Official website here: www.nyit.edu

What is the mission statement of New York Institute Of Technology?

The New York Institute of Technology is dedicated to educating the next generation of leaders and fostering innovation. It provides a range of degree programs, encompassing undergraduate, graduate, and professional degrees, in over 50 fields of study. These fields include architecture and design, arts and sciences, education, engineering and computing sciences, health professions, management, and osteopathic medicine. With a student body of 14,000, the institute offers academic programs at its Long Island and Manhattan campuses, online, and at its global locations. NYIT sponsors athletic teams participating in NCAA Division II and Division I competitions. The institution's mission is to prepare students for successful careers and contribute to advancements in their chosen fields.


Official website here: www.nyit.edu

Who is the CEO of New York Institute Of Technology?

Henry Foley Phd is the Principal Officer of New York Institute Of Technology.


Official website here: www.nyit.edu

What is the revenue of New York Institute Of Technology?

New York Institute Of Technology's revenue in 2022 was $372,691,826.


Official website here: www.nyit.edu

Who are the executives of New York Institute Of Technology and what are their salaries?

The average compensation at New York Institute Of Technology during 2022 was $44,689. There are 2444 employees at New York Institute Of Technology.


Here are 33 key members and their salaries:


Dr Henry Foley (President)
  • Compensation: $990,956
  • Related: $0
  • Other: $109,143
Peter J Romano (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Ferrara (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael J Merlo (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin D Silva (Trustee Emeritus (Non-Voting))
  • Compensation: $0
  • Related: $0
  • Other: $0
Catherine Allen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phillip Fasano (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Ferentinos (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Henry Iervolino (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ted Moudis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Monte N Redman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roger Sawhney (Trustee (Thru 05/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Deborah Verderame Marciano (Trustee (Thru 05/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Caroline Watteeuw (Trustee (Thru 05/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert A Wild Esq (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Berner (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Domenick Chieco (Trustee (As Of 06/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Santhosh Keshavan (Trustee (As Of 06/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick O'Shaughnessy (Trustee (As Of 06/22))
  • Compensation: $0
  • Related: $0
  • Other: $0
Catherine Flickinger (Vp Hr, General Counsel & Secretary)
  • Compensation: $454,267
  • Related: $0
  • Other: $50,682
Barbara J Holahan (Vp Fin. Affairs, Cfo/Treasurer)
  • Compensation: $407,922
  • Related: $0
  • Other: $61,497
Eileen Valerio (Controller & Assistant Treasurer)
  • Compensation: $223,304
  • Related: $0
  • Other: $59,683
Jerry Balentine (Exec Vp/Coo(Thru 02/22)/Acting Prov.)
  • Compensation: $737,777
  • Related: $0
  • Other: $61,197
Junius Gonzales Thru 0222 (Provost & Vp Academic Affairs)
  • Compensation: $586,198
  • Related: $0
  • Other: $32,732
Nicole Wadsworth (Dean Nyitcom)
  • Compensation: $407,533
  • Related: $0
  • Other: $61,097
Joseph Posillico (Vp For Enroll Mgmt/Strategic Comm.)
  • Compensation: $350,164
  • Related: $0
  • Other: $58,004
Suzanne Musho (Vp Of Real Estate Dev & Sust Cap)
  • Compensation: $363,403
  • Related: $0
  • Other: $11,236
Babak Dastgheib-Beheshti (Dean Engineering School)
  • Compensation: $304,151
  • Related: $0
  • Other: $57,856
Shane Speights (Site Dean Nyitcom)
  • Compensation: $431,861
  • Related: $0
  • Other: $60,696
Nada Assaf-Anid Thru 0921 (Vp Strategic Comm/External Affairs)
  • Compensation: $349,235
  • Related: $0
  • Other: $50,911
Patrick Minson (Vp Dev. & Alum. Relations & Ext Aff.)
  • Compensation: $359,394
  • Related: $0
  • Other: $59,554
Pennie Turgeon (Vp Of It & Cio)
  • Compensation: $326,232
  • Related: $0
  • Other: $20,780
Anthony Gerdes (Professor)
  • Compensation: $325,525
  • Related: $0
  • Other: $52,319


Official website here: www.nyit.edu

Where can I find the form 990 for New York Institute Of Technology?

New York Institute Of Technology's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.nyit.edu

Learn more at the official website: www.nyit.edu

Mission Statement of New York Institute Of Technology

New York Institute of Technology, a non-profit independent institution of higher education, is dedicated to fostering the next generation of leaders and encouraging innovation through its diverse range of educational programs. With a commitment to academic excellence, NYIT offers undergraduate, graduate, and professional degrees in over fifty fields of study, including architecture and design, arts and sciences, education, engineering and computing sciences, health professions, management, and osteopathic medicine. This comprehensive curriculum caters to a student body of 14,000, all of whom are driven to expand their knowledge and advance their careers.

NYIT's mission extends beyond the classroom. The institution is home to eleven NCAA Division II sports programs and one Division I team, providing students with opportunities to balance academic pursuits with athletic endeavors. NYIT's dedication to its students' overall well-being is reflected in its commitment to their academic, personal, and athletic development. As a trailblazer in education, NYIT continues to inspire innovation and produce future leaders in a multitude of industries.

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Impact




October, 2024

The New York Institute of Technology (NYIT) plays a pivotal role in shaping the future by educating the next generation of leaders and fostering innovation across various fields. With a comprehensive offering of 90 degree programs spanning over 50 disciplines, including architecture, engineering, health professions, and the arts, NYIT prepares students for a dynamic workforce and evolving industry demands.

With a diverse student body of 14,000 individuals attending campuses in Long Island, Manhattan, and online, as well as at international locations, NYIT promotes a global perspective in education. This diversity enriches the learning environment, fostering collaboration and cultural exchange among students from various backgrounds.

Furthermore, NYIT's commitment to both academic excellence and comprehensive student engagement is evident in its sponsorship of NCAA Division II sports programs, which not only enhances school spirit but also encourages teamwork and discipline among participants.

Overall, NYIT's impact is reflected in its dedication to developing skilled professionals who are equipped to tackle contemporary challenges, innovate within their fields, and contribute meaningfully to society.




This information is meant to be a general summary of New York Institute Of Technology. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$372,691,826 (2022)
Expenses
$326,387,751 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $29,837,644
  • Program Service Revenue: $315,593,552
  • Gross Receipts: $546,288,048

Assets and Liabilities:

  • Total Assets: $422,758,629
  • Total Liabilities: $204,624,668
  • Net Assets: $218,133,961

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TUITION AND FEES

Revenue

$299,403,138

STUDENT INSUR. PREM.

Revenue

$6,931,962

MEDICAL OUTREACH CENT.

Revenue

$3,847,103

ROOM AND BOARD

Revenue

$3,355,343

ANCILLARY STUDENT SERV

Revenue

$1,416,283

Organization Details

Founding Year

1955

Principal Officer

Henry Foley Phd

Main Address

NORTHERN BLVD GERRY HOUSE 200, OLD WESTBURY, NY, 11568

NTEE Category

Code: B430 - Education

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