The Trustees of the Stevens Institute of Technology
Public charityFed auditsIRS 990990-T FY2023
DBA: % SHARON CARNEY
Other · HOBOKEN, NJ · EIN 22-1487354
About
Stevens institute of technology was founded in 1870. The university is a NON-profit research university offering more than 35 undergraduate majors including programs in engineering, the sciences, computer science, business, and the humanities; and graduate level courses in a range of disciplines leading to the masters and PHD degrees. Academic research is carried out at every level of the university. The mission of the university is accomplished by the achievement of the following CORE goals: providing students with a broad-based, multidisciplinary learning experience in the sciences, engineering, business and liberal arts while stressing the fundamental concepts, techniques and attitudes that underlie different branches of technology; promoting the personal development of the student, demonstrated by a sense of ethical responsibility, awareness of the societal impact of their professions, development of leadership and team skills, and a love of learning; creating knowledge through world-class research with a distinct impact in focused areas of national importance; nurturing an innovative environment wherein students, faculty and colleagues in industry contribute to the process of conception, design and marketplace realization of new technologies.
In care of Sharon Carney
Donations are tax-deductible
Category
Other
Employees
4,089
Volunteers
682
Financial Snapshot
FY ending 2023-06-30
Revenue
$505.9M
Expenses
$476.9M
Assets
$1.0B
Liabilities
$428.0M
Financial history
$505.9M$252.9M$0
1617181920212223
RevenueExpenses
Latest FY2023: $505.9M · Avg: $384.6M
Foreign activity (Schedule F)
Total spent abroad$69.8M
Foreign employees143
Foreign offices0
Foreign partnership interestYes
Foreign trust interestNo
Region
Activity
Spent
EAST ASIA AND THE PACIFIC
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EUROPE
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MIDDLE EAST AND NORTH AFRICA
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NORTH AMERICA
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RUSSIA AND NEIGHBORING STATES
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SOUTH AMERICA
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SOUTH ASIA
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EUROPE
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SOUTH AMERICA
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CENTRAL AMERICA & THE CARIBBEAN
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EUROPE
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501(h) election
This 501(c)(3) has NOT elected 501(h) — lobbying is permitted but limited under the vaguer "no substantial part of activities" test.
Political & Grant Activity
Campaign Spending
—
Lobbying
$295K
Grants Given
$128.4M
THE TRUSTEES OF THE STEVENS INSTITUTE OF TECHNOLOGY
Your actions
Address
One Castle Point on Hudson
Hoboken, NJ, 07030-000
Governance
Voting board members32
Independent members29
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes
Compensation practices
Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo
Financial detail (Schedule D)
Board-designated %16.3%
Permanent endowment %83.7%
Endowment held by related orgNo
Fundraising activity (Schedule G)
Uses professional fundraisersYes
Net to org-$101K
Retained by contractors$101K
ChannelsMail · Phone · Email · In-person · Grant solicitation