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Stevens 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: 221487354 ✦ Hoboken, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Stevens Institute Of Technology?

Stevens Institute of Technology is a well-established private research university situated in Hoboken, New Jersey. Founded as the first college in America devoted solely to mechanical engineering, it has since expanded its educational focus. The primary mission of Stevens Institute of Technology is to provide top-tier education services, fostering innovation and academic excellence. With a rich history spanning over a century, the university continues to contribute to technological advancements and research in various fields.


Official website here: www.stevens.edu

What are the reviews and ratings of this charity?

Charity Navigator Rating: 100% (Four-Star out of Four Stars)

Stevens Institute Of Technology has achieved a perfect score of 100% on Charity Navigator, reflecting outstanding accountability and financial performance. The charity's overall score is derived solely from its exceptional accountability metrics, emphasizing its commitment to transparency and responsible financial management. The organization has demonstrated a robust structure with a majority of independent board members and effective oversight measures in place, which is crucial for maintaining trust and integrity.

The financial health of Stevens Institute Of Technology is evident in its high program expense ratio of 89.89%, indicating that a significant portion of its resources is directed toward its core mission rather than administrative costs. The organization has also successfully maintained low liabilities relative to its assets, further showcasing its financial sustainability. Comprehensive policies regarding conflicts of interest, whistleblowers, and document retention are well-established and publicly accessible, further enhancing its credibility.

While the ratings highlight impressive strengths in governance and financial management, it is essential for potential donors and stakeholders to consider the impact of their contributions and how funds are utilized within the organization. Overall, Stevens Institute Of Technology exemplifies a model of fiscal responsibility and effective nonprofit governance.


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

Is Stevens Institute Of Technology legitimate?

Stevens Institute Of Technology is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stevens 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: $7,636,144
Professional Fundraising Fees: $292,760
Other Salaries and Wages: $133,459,171

For more financial information, click here


Official website here: www.stevens.edu

What is the mission statement of Stevens Institute Of Technology?

Stevens Institute of Technology is a private research university dedicated to providing educational services. Established as the first college in America focused on mechanical engineering, it now offers a comprehensive education in various fields. The organization aims to advance knowledge and innovation through rigorous academic programs and research initiatives. Its mission is to prepare students for successful careers while contributing to technological progress and scientific discovery. The university fosters a collaborative learning environment, promoting intellectual curiosity and critical thinking. It also strives to create a diverse and inclusive campus community, enabling students to develop into well-rounded individuals ready to tackle complex challenges in their future careers.


Official website here: www.stevens.edu

Who is the CEO of Stevens Institute Of Technology?

Joseph Cassidy is the Principal Officer of Stevens Institute Of Technology.


Official website here: www.stevens.edu

What is the revenue of Stevens Institute Of Technology?

Stevens Institute Of Technology's revenue in 2022 was $466,449,861.


Official website here: www.stevens.edu

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

The average compensation at Stevens Institute Of Technology during 2022 was $42,991. There are 3282 employees and 684 volunteers at Stevens Institute Of Technology.


Here are 63 key members and their salaries:


Nariman Farvardin (President/Trustee)
  • Compensation: $1,603,757
  • Related: $0
  • Other: $29,141
Yi Guo (Trustee/Professor To 6/23/2022)
  • Compensation: $188,799
  • Related: $0
  • Other: $23,100
Rainer Martini (Trustee/Professor)
  • Compensation: $190,301
  • Related: $0
  • Other: $14,661
Stephen T Boswell (Chairman/Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Saleel V Awsare (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lawrence T Babbio Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Devon E Brooks (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles J Buscarino (Trustee As Of 12/3/21)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Anne Cannon (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen S Carolonza (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pam P Cheng (Trustee As Of 12/3/21)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cristian S Collado (Trustee To 5/24/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas A Corcoran (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Philip P Crowley (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John R Dearborn (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Del Guercio (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William W Destler (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph G Dipompeo (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Manuel S Escobedo (Trustee As Of 1/25/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Emilio A Fernandez (Trustee To 12/3/2021)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kaitlin Gili (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hermes O Gonzalez-Bello (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Sean J Hanlon Iv (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joelle M Hinds (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Emily R Kovelesky (Trustee As Of 5/24/22)
  • Compensation: $1,194
  • Related: $0
  • Other: $0
A Michael Lipper (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa M Mascolo (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas J Nathanson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Samuel P Reckford (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Annmarie Rizzo (Trustee To 12/3/2021)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard R Roscitt (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Virginia P Ruesterholz (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John A Schepisi (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank J Semcer (Trustee To 5/24/2022)
  • Compensation: $0
  • Related: $0
  • Other: $0
Louis A Steinberg (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
J Scott Swensen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hailey Tanner (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Victoria Velasco (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Louis J Mayer (Vp Of Finance/Treasurer, Cfo)
  • Compensation: $447,310
  • Related: $0
  • Other: $47,392
Kathy L Schulz (Vp & General Counsel/Secretary)
  • Compensation: $459,076
  • Related: $0
  • Other: $34,242
Joseph E Cassidy (Avp Finance/Asst Treas)
  • Compensation: $259,858
  • Related: $0
  • Other: $23,168
Jianmin Qu (Provost & Svp Acad Aff As Of 9/1/21)
  • Compensation: $223,407
  • Related: $0
  • Other: $23,615
Toniann Biondolillo (Asst Sec/Exec Asst)
  • Compensation: $93,992
  • Related: $0
  • Other: $16,545
Christophe Pierre (Provost To 8/31/2021)
  • Compensation: $586,294
  • Related: $0
  • Other: $49,436
Gregory Prastacos (Dean)
  • Compensation: $448,855
  • Related: $0
  • Other: $53,232
Dilhan Kalyon (Vice Provost)
  • Compensation: $382,785
  • Related: $0
  • Other: $47,346
Laura Rose (Vp For Dev/Alum)
  • Compensation: $369,255
  • Related: $0
  • Other: $46,934
Jean Zu (Dean)
  • Compensation: $381,590
  • Related: $0
  • Other: $34,242
Elisabeth Mcgrath (Vp For Univ Relations)
  • Compensation: $367,777
  • Related: $0
  • Other: $29,141
Robert Maffia (Vp For Facilities/Operations)
  • Compensation: $321,677
  • Related: $0
  • Other: $53,170
Tejash Patel (Vp For Information Technology)
  • Compensation: $352,500
  • Related: $0
  • Other: $21,666
Anthony Barrese (Interim Dean As Of 7/1/21)
  • Compensation: $282,798
  • Related: $0
  • Other: $46,776
Warren Petty (Vp For Human Res. To 6/8/2022)
  • Compensation: $281,557
  • Related: $0
  • Other: $23,456
Constantin Chassapis (Vice Provost)
  • Compensation: $405,595
  • Related: $0
  • Other: $47,392
George Korfiatis (Professor)
  • Compensation: $363,799
  • Related: $0
  • Other: $47,346
David Zeng (Vice Provost)
  • Compensation: $352,539
  • Related: $0
  • Other: $50,270
Hady Salloum (Research Professor)
  • Compensation: $340,811
  • Related: $0
  • Other: $50,270
Muhammad Hajj (Department Chair)
  • Compensation: $340,608
  • Related: $0
  • Other: $47,346
Keith G Sheppard (Former Key Employee)
  • Compensation: $254,453
  • Related: $0
  • Other: $33,175
Yehia Massoud (Former Key Employee)
  • Compensation: $208,998
  • Related: $0
  • Other: $26,919
Dawn Da Silva (Former Key Employee)
  • Compensation: $200,861
  • Related: $0
  • Other: $15,742
Marybeth Murphy (Former Key Employee)
  • Compensation: $193,677
  • Related: $0
  • Other: $20,828
Michael Parente (Former Key Employee)
  • Compensation: $190,448
  • Related: $0
  • Other: $14,060


Official website here: www.stevens.edu

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

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


Official website here: www.stevens.edu

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

Mission Statement of Stevens Institute Of Technology

Stevens Institute of Technology, a renowned private coeducational research university, is dedicated to providing top-tier educational services. Established as the first college in America focused solely on mechanical engineering, it has been a pioneer in technological education in the United States for over a century. Stevens Institute of Technology's primary objective is to impart knowledge and foster innovation through its rigorous academic programs and cutting-edge research initiatives.

The institution's mission is twofold. First and foremost, it is committed to delivering an exceptional education to its students. Its faculty members, distinguished in their respective fields, inspire and challenge students to reach their full potential. Stevens Institute of Technology offers a wide range of undergraduate and graduate programs across various disciplines, ensuring that its students receive a comprehensive and well-rounded education.

Secondly, Stevens Institute of Technology is a hub for research and innovation. Its state-of-the-art facilities and advanced research initiatives enable its students and faculty to push the boundaries of knowledge and make significant contributions to their fields. Through its collaborative research partnerships and industry engagements, Stevens Institute of Technology fosters an environment of innovation and entrepreneurship, preparing its graduates to excel in today's global economy.

Stevens Institute of Technology's legacy as a leading technological university is built on its commitment to education and research. Its rigorous academic programs and advanced research initiatives have produced generations of innovative thinkers and leaders in their fields. By continuing to push the boundaries of knowledge and prepare its students for success, Stevens Institute of Technology remains at the forefront of technological education in the United States.

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Impact




August, 2024

Stevens Institute of Technology has a significant impact on society through its cutting-edge research, innovative educational programs, and contributions to various industries. As one of the oldest technological universities in the United States, Stevens is a pioneer in the field of engineering and science. The institution's commitment to providing high-quality education and fostering groundbreaking research has led to advancements in fields such as artificial intelligence, cybersecurity, and sustainable energy.

Stevens Institute of Technology plays a crucial role in preparing the next generation of leaders and innovators who will drive progress and solve complex challenges facing our world. The university's graduates go on to make significant contributions in the workforce, driving economic growth and technological advancement.

Furthermore, Stevens' collaborations with industry partners, government agencies, and other academic institutions lead to the development of groundbreaking technologies and solutions that have a positive impact on society. Through its research initiatives and partnerships, Stevens Institute of Technology continues to push the boundaries of innovation and drive positive change in the world.




This information is meant to be a general summary of Stevens 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
$466,449,861 (2022)
Expenses
$415,420,675 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $17,723,142
  • Program Service Revenue: $419,310,878
  • Gross Receipts: $529,533,108

Assets and Liabilities:

  • Total Assets: $970,720,079
  • Total Liabilities: $434,508,801
  • Net Assets: $536,211,278

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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

$349,332,459

RESEARCH REVENUE

Revenue

$47,029,368

STUDENT HOUSING

Revenue

$14,299,941

STUDENT DINING

Revenue

$8,443,907

TECHNICAL LEADERSHIP

Revenue

$205,203

Organization Details

Founding Year

1870

Principal Officer

Joseph Cassidy

Main Address

ONE CASTLE POINT ON HUDSON, HOBOKEN, NJ, 07030

NTEE Category

Code: B430 - Education

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