The Trustees Of The Stevens Institute Of Technology

Hoboken, NJ
Tax-exempt since Oct. 1986
EIN: 22-1487354

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / University or Technological Institute (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school

Organization is a school. Details are reported on Schedule E.

Revenue

$506M (2023)

Expenses

$477M (2023)

Total Assets

$1.01B (2023)

Total Liabilities

$428M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2023

Revenue

$505,884,074

Expenses

$476,905,827

Net Income

$28,978,247

Net Assets

$578,978,059

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$16,833,337	3.3%
Program Services	$472,932,747	93.5%
Investment Income	$8,940,055	1.8%
Bond Proceeds	$0
Royalties	$166,973	0.0%
Rental Property Income	$55,178	0.0%
Net Fundraising	-$91,507
Sales of Assets	$3,502,039	0.7%
Net Inventory Sales	$0
Other Revenue	$3,545,252	0.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$6,862,442	1.4%
Professional Fundraising Fees	$100,769	0.0%
Other Salaries and Wages	$154,244,051	32.3%

Assets/Debt
Total Assets	$1,006,999,231
Total Liabilities	$428,021,172
Net Assets	$578,978,059

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Nariman Farvardin (President/Trustee)	$1,188,051	$0	$30,911
Jianmin Qu (Provost & Svp For Academic Affairs)	$546,370	$0	$50,613
Gregory Prastacos (Dean)	$478,561	$0	$56,915
Kathy L Schulz (Vp & General Counsel/Secretary)	$469,442	$0	$37,213
Louis J Mayer (Vp Of Finance/ Treasurer, Cfo)	$460,230	$0	$50,613
Jean Zu (Dean)	$441,423	$0	$39,401
Constantin Chassapis (Vice Provost)	$416,362	$0	$50,613
Dilhan Kalyon (Vice Provost)	$392,984	$0	$50,436
Dinesh Verma (Professor/ Exec Dir Of Serc)	$390,462	$0	$53,861
Laura Rose (Vp For Dev/Alum)	$389,642	$0	$50,074
Elisabeth Mcgrath (Vp For Univ Relations)	$389,569	$0	$30,911
David Zeng (Vice Provost)	$386,821	$0	$53,865
George Korfiatis (Professor)	$374,202	$0	$50,609
Tejash Patel (Vp For Information Technology)	$361,870	$0	$24,811
Hady Salloum (Research Professor)	$361,616	$0	$27,857
Christophe Pierre (Former Key)	$342,428	$0	$50,609
Robert Maffia (Vp For Facilities/Operations)	$328,364	$0	$56,915
Anthony Barrese (Interim Dean)	$306,849	$0	$50,613
Joseph E Cassidy (Avp Finance/Assist Treas)	$269,339	$0	$24,187
Yi Guo (Former Trustee)	$209,229	$0	$25,333
Dawn Da Silva (Former Avp)	$208,721	$0	$17,104
Keith G Sheppard (Former Professor)	$204,320	$0	$15,689
Elaine Henry (Trustee/Professor As Of 5/23/2023)	$201,646	$0	$28,449
Rainer Martini (Trustee/Professor To 5/23/2023)	$194,896	$0	$15,491
Michael Parente (Former Vp It)	$192,294	$0	$16,037
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990

Filed on April 5, 2024

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Audit

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Fiscal Year Ending June
2022

Revenue

$466,449,861

Expenses

$415,420,675

Net Income

$51,029,186

Net Assets

$536,211,278

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$26,531,269	5.7%
Program Services	$419,310,878	89.9%
Investment Income	$7,596,862	1.6%
Bond Proceeds	$0
Royalties	$50,175	0.0%
Rental Property Income	$55,415	0.0%
Net Fundraising	$5,841	0.0%
Sales of Assets	$10,126,280	2.2%
Net Inventory Sales	$0
Other Revenue	$2,773,141	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$7,636,144	1.8%
Professional Fundraising Fees	$292,760	0.1%
Other Salaries and Wages	$133,459,171	32.1%

Assets/Debt
Total Assets	$970,720,079
Total Liabilities	$434,508,801
Net Assets	$536,211,278

Operated a school

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
Nariman Farvardin (President/Trustee)	$1,603,757	$0	$29,141
Christophe Pierre (Provost To 8/31/2021)	$586,294	$0	$49,436
Kathy L Schulz (Vp & General Counsel/Secretary)	$459,076	$0	$34,242
Gregory Prastacos (Dean)	$448,855	$0	$53,232
Louis J Mayer (Vp Of Finance/Treasurer, Cfo)	$447,310	$0	$47,392
Constantin Chassapis (Vice Provost)	$405,595	$0	$47,392
Dilhan Kalyon (Vice Provost)	$382,785	$0	$47,346
Jean Zu (Dean)	$381,590	$0	$34,242
Laura Rose (Vp For Dev/Alum)	$369,255	$0	$46,934
Elisabeth Mcgrath (Vp For Univ Relations)	$367,777	$0	$29,141
George Korfiatis (Professor)	$363,799	$0	$47,346
David Zeng (Vice Provost)	$352,539	$0	$50,270
Tejash Patel (Vp For Information Technology)	$352,500	$0	$21,666
Hady Salloum (Research Professor)	$340,811	$0	$50,270
Muhammad Hajj (Department Chair)	$340,608	$0	$47,346
Robert Maffia (Vp For Facilities/Operations)	$321,677	$0	$53,170
Anthony Barrese (Interim Dean As Of 7/1/21)	$282,798	$0	$46,776
Warren Petty (Vp For Human Res. To 6/8/2022)	$281,557	$0	$23,456
Joseph E Cassidy (Avp Finance/Asst Treas)	$259,858	$0	$23,168
Keith G Sheppard (Former Key Employee)	$254,453	$0	$33,175
Jianmin Qu (Provost & Svp Acad Aff As Of 9/1/21)	$223,407	$0	$23,615
Yehia Massoud (Former Key Employee)	$208,998	$0	$26,919
Dawn Da Silva (Former Key Employee)	$200,861	$0	$15,742
Marybeth Murphy (Former Key Employee)	$193,677	$0	$20,828
Michael Parente (Former Key Employee)	$190,448	$0	$14,060
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990

Filed on April 18, 2023

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Audit

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Fiscal Year Ending June
2021

Revenue

$375,347,821

Expenses

$349,733,583

Net Income

$25,614,238

Net Assets

$505,480,010

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$23,091,532	6.2%
Program Services	$343,314,102	91.5%
Investment Income	$4,046,203	1.1%
Bond Proceeds	$0
Royalties	$62,035	0.0%
Rental Property Income	$48,082	0.0%
Net Fundraising	$0
Sales of Assets	$3,136,705	0.8%
Net Inventory Sales	$0
Other Revenue	$1,649,162	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$6,559,041	1.9%
Professional Fundraising Fees	$114,003	0.0%
Other Salaries and Wages	$120,548,727	34.5%

Assets/Debt
Total Assets	$910,259,495
Total Liabilities	$404,779,485
Net Assets	$505,480,010

Operated a school

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
Nariman Farvardin (President/Trustee)	$890,820	$0	$28,641
Christophe Pierre (Provost)	$568,843	$0	$47,856
Kathy L Schulz (Vp & General Counsel/Secretary)	$441,579	$0	$34,196
Gregory Prastacos (Dean)	$438,049	$0	$54,041
Louis J Mayer (Vp Of Finance/Treasurer, Cfo)	$429,812	$0	$47,856
Edward Stukane (Vp For Comm/Mkt To 11/6/20)	$411,815	$0	$46,217
Constantin Chassapis (Vice Provost)	$389,862	$0	$47,856
George Korfiatis (Professor)	$361,993	$0	$47,857
Dinesh Verma (Professor/Exec Dir)	$359,460	$0	$51,191
Jean Zu (Dean)	$349,053	$0	$34,196
David Zeng (Vice Provost)	$348,552	$0	$51,191
Dilhan Kalyon (Vice Provost)	$332,028	$0	$47,857
David Dodd (Former Key Employee)	$327,032	$0	$0
Robert Maffia (Vp For Facilities/Operations)	$322,803	$0	$54,041
Elisabeth Mcgrath (Vp For Univ Relations)	$321,084	$0	$27,019
Yehia Massoud (Dean To 6/30/21)	$319,108	$0	$51,191
Marybeth Murphy (Vp For Enrollment/Stu Aff To 6/30/21)	$316,263	$0	$37,046
Anthony Barrese (Former Key Employee)	$259,606	$0	$46,357
Warren Petty (Vp For Human Resources)	$257,977	$0	$23,456
Joseph E Cassidy (Avp Finance/Asst Treas)	$255,549	$0	$23,168
Elizabeth Shelton (Avp For Invst/Asst Treas To 12/31/20)	$232,548	$0	$33,490
Keith G Sheppard (Former Key Employee)	$226,077	$0	$31,509
Laura Rose (Vp For Dev/Alum As Of 5/11/20)	$224,534	$0	$31,924
Dawn Da Silva (Former Key Employee)	$218,981	$0	$15,733
Yi Guo (Trustee/Professor)	$203,361	$0	$23,504
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990

Filed on March 16, 2022

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Audit

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Fiscal Year Ending June
2020

Revenue

$382,922,762

Expenses

$354,310,960

Net Income

$28,611,802

Net Assets

$433,642,051

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$12,292,442	3.2%
Program Services	$350,778,342	91.6%
Investment Income	$7,472,404	2.0%
Bond Proceeds	$0
Royalties	$119,552	0.0%
Rental Property Income	$599	0.0%
Net Fundraising	$0
Sales of Assets	$9,172,922	2.4%
Net Inventory Sales	$0
Other Revenue	$3,086,501	0.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$7,315,022	2.1%
Professional Fundraising Fees	$141,375	0.0%
Other Salaries and Wages	$123,504,314	34.9%

Assets/Debt
Total Assets	$845,203,088
Total Liabilities	$411,561,037
Net Assets	$433,642,051

Operated a school

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
Nariman Farvardin (President/Trustee)	$1,593,296	$0	$28,141
Christophe Pierre (Provost)	$567,493	$0	$43,581
Gregory Prastacos (Dean)	$434,178	$0	$52,256
Louis J Mayer (Vp Of Finance/Treasurer,Cfo)	$423,386	$0	$52,256
Kathy L Schulz (Vp & General Counsel/Secretary)	$419,779	$0	$33,316
Constantin Chassapis (Vice Provost)	$370,233	$0	$46,366
Dinesh Verma (Professor/Exec Dir)	$352,431	$0	$49,456
George Korfiatis (Professor)	$351,476	$0	$46,366
Jean Zu (Dean)	$341,380	$0	$33,316
Muhammad Hajj (Chair/Professor)	$325,893	$0	$43,566
Hady Salloum (Professor)	$324,901	$0	$47,079
Yehia Massoud (Dean)	$314,228	$0	$47,856
David Dodd (Vp Info Tech/Cio To 12/31/19)	$313,002	$0	$46,366
Mary Beth Murphy (Vp For Enrollmt/Student Affair)	$309,193	$0	$36,116
Robert Maffia (Vp For Facilities/Operations)	$303,044	$0	$50,760
Mohammad Dehghani (Vice Provost To 7/31/19)	$284,168	$0	$29,559
Anthony Barrese (Former Key Employee)	$272,404	$0	$39,660
Warren Petty (Vp For Human Resources)	$266,012	$0	$22,388
Dilhan Kalyon (Int. Vice Prov As Of 8/12/19)	$254,360	$0	$42,491
Joseph E Cassidy (Avp Finance/Asst Treas)	$249,453	$0	$22,476
Michael Zur Muehlen (Trustee/Professor To 2/15/20)	$242,793	$0	$37,980
Keith G Sheppard (Trustee/Professor To 11/21/19)	$208,745	$0	$28,582
Elizabeth Shelton (Avp For Invest/Asst Treasurer)	$206,654	$0	$32,539
William Remington (Former Key Employee)	$197,986	$0	$1,816
Jennifer Mc Donough (Vp For Development To 7/12/19)	$187,245	$0	$19,898
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990

Filed on April 16, 2021

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending June
2019

Revenue

$353,531,174

Expenses

$325,325,973

Net Income

$28,205,201

Net Assets

$407,936,869

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$13,175,213	3.7%
Program Services	$328,790,996	93.0%
Investment Income	$8,492,692	2.4%
Bond Proceeds	$0
Royalties	$27,850	0.0%
Rental Property Income	$10,341	0.0%
Net Fundraising	-$170,886
Sales of Assets	$78,828	0.0%
Net Inventory Sales	$0
Other Revenue	$3,126,140	0.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$7,211,332	2.2%
Professional Fundraising Fees	$133,040	0.0%
Other Salaries and Wages	$114,509,202	35.2%

Assets/Debt
Total Assets	$610,769,155
Total Liabilities	$202,832,286
Net Assets	$407,936,869

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Nariman Farvardin (President/Trustee)	$1,042,087	$0	$27,641
Christophe Pierre (Provost)	$550,556	$0	$41,481
George Korfiatis (Professor)	$470,443	$0	$43,049
Gregory Prastacos (Dean)	$419,422	$0	$49,598
Louis J Mayer (Vp Finance/Treas)	$407,789	$0	$49,598
Mohammad Dehghani (Vice Provost)	$404,892	$0	$48,743
Kathy L Schulz (Vp, General Counsel/Secretary)	$379,185	$0	$29,920
Constantin Chassapis (Vice Provost)	$359,422	$0	$44,231
William Remington (Vp Development To 12/31/18)	$356,794	$0	$27,641
Jean Zu (Dean)	$339,509	$0	$36,828
Hady Salloum (Professor)	$337,942	$0	$42,429
Yehia Massoud (Dean As Of 1/1/18)	$330,467	$0	$44,139
Dinesh Verma (Professor/Exec Director)	$323,583	$0	$44,473
Christos Christodoulatos (Professor)	$309,370	$0	$21,286
Mary Beth Murphy (Vp Enrollment Management)	$298,889	$0	$34,954
Robert Maffia (Vp For Facilities)	$293,754	$0	$46,889
David Dodd (Vp For Info Technology)	$271,753	$0	$44,284
Warren Petty (Vp Human Resources)	$252,080	$0	$21,129
Joseph E Cassidy (Avp Finance)	$241,837	$0	$21,825
Anthony Barrese (Professor/ Former Key Employee)	$235,825	$0	$37,539
Michael Zur Muehlen (Trustee/Professor)	$235,529	$0	$35,463
Keith G Sheppard (Trustee As Of 5/21/19)	$232,092	$0	$25,460
Elizabeth Shelton (Avp Investments/Assist Treas)	$206,273	$0	$19,013
Rainer Martini (Trustee/Professor To 5/21/19)	$175,746	$0	$32,307
Toni Ann Biondolillo (Asst Corp Sec)	$78,315	$0	$14,209
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990

Filed on April 6, 2020

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending June
2018

Revenue

$354,252,359

Expenses

$300,018,436

Net Income

$54,233,923

Net Assets

$378,788,215

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$34,904,846	9.9%
Program Services	$311,117,231	87.8%
Investment Income	$5,820,296	1.6%
Bond Proceeds	$0
Royalties	$191	0.0%
Rental Property Income	$36,477	0.0%
Net Fundraising	-$184,658
Sales of Assets	-$525,690
Net Inventory Sales	-$301,299
Other Revenue	$3,384,965	1.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$6,408,329	2.1%
Professional Fundraising Fees	$82,679	0.0%
Other Salaries and Wages	$107,087,560	35.7%

Assets/Debt
Total Assets	$577,869,085
Total Liabilities	$199,080,870
Net Assets	$378,788,215

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Nariman Farvardin (President/Trustee)	$1,035,863	$0	$27,141
Christophe Pierre (Provost)	$574,569	$0	$38,535
George Korfiatis (Professor)	$480,185	$0	$42,745
Gregory Prastacos (Dean)	$404,604	$0	$45,658
Louis J Mayer (Vp Finance/Treas)	$394,456	$0	$45,751
Mohammad Dehghani (Vice Provost)	$392,655	$0	$44,736
Kathy L Schulz (Vp, General Counsel/Secretary)	$374,767	$0	$30,658
William Remington (Vp Development)	$347,068	$0	$27,141
Constantin Chassapis (Vice Provost)	$336,622	$0	$41,235
William Rouse (Professor)	$329,836	$0	$22,626
Alan F Blumberg (Trustee/Professor To 1/30/18)	$317,503	$0	$30,271
Dinesh Verma (Professor/Exec Director)	$315,831	$0	$40,602
Hady Salloum (Professor)	$309,395	$0	$21,551
Robert Maffia (Vp For Facilities)	$286,289	$0	$42,958
Mary Beth Murphy (Vp Enrollment Management)	$282,432	$0	$37,207
David Dodd (Vp For Info Technology)	$266,605	$0	$41,075
Keith Sheppard (Professor/Former Key Employee)	$258,786	$0	$35,932
Anthony Barrese (Interim Dean To 12/31/17)	$240,442	$0	$34,271
Jean Zu (Dean As Of 5/1/2017)	$237,243	$0	$26,305
Michael Zur Muehlen (Trustee/Profess As Of 5/22/18)	$234,899	$0	$31,594
Joseph E Cassidy (Avp Finance)	$234,498	$0	$21,297
Warren Petty (Vp Hr As Of 2/6/17)	$213,472	$0	$16,618
Elizabeth Shelton (Avp Investments/Assist Treas)	$203,819	$0	$18,535
Rainer Martini (Trustee/Professor)	$168,417	$0	$28,740
Toni Ann Biondolillo (Asst Corp Sec)	$78,689	$0	$6,956
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990

Filed on April 4, 2019

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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PDF (2 of 2)

Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending June
2017

Revenue

$332,039,245

Expenses

$291,405,699

Net Income

$40,633,546

Net Assets

$319,194,526

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$22,970,900	6.9%
Program Services	$299,950,502	90.3%
Investment Income	$4,070,005	1.2%
Bond Proceeds	$0
Royalties	$80	0.0%
Rental Property Income	$72,308	0.0%
Net Fundraising	-$235,312
Sales of Assets	$1,432,801	0.4%
Net Inventory Sales	$137,562	0.0%
Other Revenue	$3,640,399	1.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$7,101,511	2.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$102,460,125	35.2%

Assets/Debt
Total Assets	$526,191,126
Total Liabilities	$206,996,600
Net Assets	$319,194,526

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Nariman Farvardin (President)	$1,583,676	$0	$25,316
George Korfiatis (Provost To 8/21/16)	$560,900	$0	$43,535
Dinesh Verma (Dean To 1/1/17)	$415,724	$0	$43,825
Mohammad Dehghani (Vice Provost)	$388,076	$0	$40,094
Louis Mayer (Vp Finance/Treas)	$380,721	$0	$43,825
Gregory Prastacos (Dean)	$371,853	$0	$46,345
William Rouse (Professor)	$369,804	$0	$22,626
Kathy L Schulz (Vp, General Counsel/Secretary)	$358,375	$0	$30,638
Constantin Chassapis (Vice Provost)	$334,965	$0	$43,138
William Remington (Vp Development)	$333,402	$0	$26,641
Alexei Miasnikov (Professor)	$312,643	$0	$34,357
Alan F Blumberg (Trustee/Professor)	$311,125	$0	$30,005
Ralph G Giffin Iii (Vice Provost)	$309,859	$0	$18,847
Hady Salloum (Assoc Dean)	$303,706	$0	$20,928
Mary Beth Murphy (Vp Enrollment Management)	$280,109	$0	$36,100
Robert Maffia (Vp For Facilities)	$274,906	$0	$43,695
Keith Sheppard (Interim Dean To 4/30/17)	$266,564	$0	$36,575
David Dodd (Vp For Info Technology)	$256,338	$0	$41,050
Christophe Pierre (Provost Start 8/22/16)	$205,287	$0	$16,862
Elizabeth Shelton (Avp Investments/Assist Treas)	$196,324	$0	$18,104
Rainer Martini (Trustee/Professor)	$176,093	$0	$29,749
Joseph Cassidy (Avp Finance)	$136,860	$0	$10,421
Mary Wheeler (Avp Fin/Asst Treas To 6/10/16)	$116,073	$0	$16,108
Beth Libow Le Fante (Asst Gen Counsel To 10/23/16)	$108,045	$0	$13,062
Helen Oberle (Exec. Asst/Asst.Sec To 7/25/16)	$38,117	$0	$6,512
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990

Filed on May 7, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending June
2016

Revenue

$295,343,523

Expenses

$281,960,345

Net Income

$13,383,178

Net Assets

$268,567,923

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$8,675,979	2.9%
Program Services	$278,146,308	94.2%
Investment Income	$3,335,552	1.1%
Bond Proceeds	$0
Royalties	$26,253	0.0%
Rental Property Income	$117,318	0.0%
Net Fundraising	$24,501	0.0%
Sales of Assets	$689,178	0.2%
Net Inventory Sales	$173,533	0.1%
Other Revenue	$4,154,901	1.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$6,165,233	2.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$101,767,952	36.1%

Assets/Debt
Total Assets	$393,749,845
Total Liabilities	$125,181,922
Net Assets	$268,567,923

Operated a school

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
Nariman Farvardin (President)	$825,298	$0	$23,991
George Korfiatis (Provost)	$560,338	$0	$43,266
Randy Greene (Vp Finance/Treas To 1/31/15)	$532,244	$0	$2,724
Dinesh Verma (Dean)	$404,791	$0	$42,559
Mohammad Dehghani (Vice Provost)	$403,463	$0	$23,991
Michael Bruno (Dean To 1/06/16)	$381,794	$0	$38,065
William Rouse (Professor)	$363,307	$0	$22,132
Gregory Prastacos (Dean)	$359,139	$0	$45,082
Kathy L Schulz (Vp, General Counsel/Secretary)	$347,597	$0	$30,215
Louis Mayer (Vp Finance/Treas Start 3/16/15)	$343,683	$0	$31,920
William Brodie Remington (Vp Development)	$325,040	$0	$26,641
Constantin Chassapis (Vice Provost)	$324,796	$0	$42,559
Ralph G Giffin Iii (Vice Provost)	$318,983	$0	$18,373
Alan F Blumberg (Trustee/Professor)	$303,443	$0	$28,927
Hady Salloum (Assoc Dean)	$291,055	$0	$20,283
Alexei Miasnikov (Professor)	$287,694	$0	$31,958
Robert Maffia (Vp For Facilities)	$270,433	$0	$42,432
Mary Beth Murphy (Vp Enrollment Management)	$268,215	$0	$34,023
David Dodd (Vp For Info Technology)	$247,379	$0	$37,986
Mary Wheeler (Avp Fin/Asst Treas To 6/10/16)	$207,360	$0	$33,335
Keith Sheppard (Interim Dean)	$194,549	$0	$33,956
Elizabeth Shelton (Avp Investments/Assist Treas)	$193,547	$0	$17,709
Mark Samolewicz (Vp Human Resources To 12/31/15)	$179,757	$0	$31,040
Rainer Martini (Trustee/Professor)	$150,340	$0	$28,351
Beth Libow Le Fante (Asst General Counsel/Asst. Sec)	$102,383	$0	$14,979
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990

Filed on May 15, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

This audit found:

Material weakness in internal controls

Fiscal Year Ending June
2015

Revenue

$305,574,653

Expenses

$271,640,890

Net Income

$33,933,763

Net Assets

$263,725,004

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$25,805,184	8.4%
Program Services	$262,172,197	85.8%
Investment Income	$2,582,255	0.8%
Bond Proceeds	$0
Royalties	$12,383	0.0%
Rental Property Income	$192,159	0.1%
Net Fundraising	-$160,698
Sales of Assets	$10,540,646	3.4%
Net Inventory Sales	$55,246	0.0%
Other Revenue	$4,375,281	1.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$7,771,839	2.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$93,374,094	34.4%

Assets/Debt
Total Assets	$381,928,126
Total Liabilities	$118,203,122
Net Assets	$263,725,004

Operated a school

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Nariman Farvardin (President)	$789,543	$0	$24,415
George Korfiatis (Provost)	$555,823	$0	$40,632
Dinesh Verma (Dean)	$438,785	$0	$40,338
Randy Greene (Vp Finance/Treas To 1/31/15)	$412,556	$0	$32,090
Mohammad Dehghani (Vice Provost)	$399,864	$0	$23,400
Michael Bruno (Dean)	$380,456	$0	$37,232
Gregory Prastacos (Dean)	$367,989	$0	$44,196
William Rouse (Professor)	$360,500	$0	$21,350
Kathy L Schulz (Vp, General Counsel/Secretary)	$328,772	$0	$29,502
Alexei Miasnikov (Professor)	$321,000	$0	$30,121
Ralph G Giffin Iii (Vice Provost)	$310,954	$0	$17,573
Constantin Chassapis (Vice Provost)	$305,602	$0	$41,638
Alan F Blumberg (Trustee/Professor)	$288,457	$0	$27,463
Christos Christodoulatos (Assoc Provost)	$282,537	$0	$13,318
Robert Maffia (Vp For Facilities)	$257,456	$0	$41,146
Mary Beth Murphy (Vp Enrollment Management)	$251,723	$0	$32,678
David Dodd (Vp For Info Technology)	$233,856	$0	$35,536
Mary Wheeler (Avp Finance/Assist Treas)	$200,112	$0	$32,350
Elizabeth Shelton (Avp Investments/Assist Treas)	$187,492	$0	$17,015
Anthony Barrese (Trustee/Assoc Dean To 5/19/15)	$181,139	$0	$31,772
Charles T Koeller (Trustee/Assoc Dean To 5/21/14)	$174,692	$0	$17,332
Mark Samolewicz (Vp For Human Resources)	$164,460	$0	$29,339
Edward C Eichhorn (Former Key (Left 6/30/2014))	$152,335	$0	$19,784
Rainer Martini (Trustee/Professor)	$148,501	$0	$25,528
Beth Libow Le Fante (Asst General Counsel/Asst. Sec)	$117,870	$0	$14,529
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990

Filed on Jan. 27, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

PDF (2 of 2)

Fiscal Year Ending June
2014

Revenue

$266,740,979

Expenses

$240,309,324

Net Income

$26,431,655

Net Assets

$242,342,102

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$17,560,864	6.6%
Program Services	$233,795,857	87.6%
Investment Income	$3,339,873	1.3%
Bond Proceeds	$0
Royalties	$96,003	0.0%
Rental Property Income	$310,649	0.1%
Net Fundraising	-$157,175
Sales of Assets	$7,732,578	2.9%
Net Inventory Sales	$106,535	0.0%
Other Revenue	$3,955,795	1.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,917,858	2.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$85,760,762	35.7%

Assets/Debt
Total Assets	$360,519,023
Total Liabilities	$118,176,921
Net Assets	$242,342,102

Operated a school

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Nariman Farvardin (President)	$756,499	$0	$28,377
George Korfiatis (Provost)	$555,276	$0	$37,943
Dinesh Verma (Dean)	$457,013	$0	$33,764
Randy Greene (Vp Of Finance/Treasurer)	$441,180	$0	$30,927
William Rouse (Professor)	$385,550	$0	$21,000
Michael Bruno (Dean)	$375,594	$0	$35,344
Gregory Prastacos (Dean)	$338,803	$0	$41,783
Kathy L Schulz (Vp, General Counsel/Secretary)	$321,496	$0	$28,417
Ralph G Giffin Iii (Vice Provost)	$309,275	$0	$17,228
Constantin Chassapis (Assoc Provost)	$306,986	$0	$39,288
Alan F Blumberg (Trustee/Professor)	$282,482	$0	$26,369
Christos Christodoulatos (Assoc Provost)	$264,590	$0	$17,410
Alexei Miasnikov (Professor)	$252,190	$0	$27,897
Edward C Eichhorn (Vp For Development)	$245,313	$0	$38,677
David Dodd (Vp For Info Technologies)	$230,049	$0	$33,053
Mary Wheeler (Avp Finance/Asst Treasurer)	$197,763	$0	$30,549
Elisabeth Mc Grath (Chief Of Staff)	$192,482	$0	$15,247
Charles T Koeller (Trustee/Dean (Thru 5/21/14))	$192,157	$0	$20,175
Lisa Dolling (Dean)	$189,879	$0	$32,888
Elizabeth Shelton (Avp For Invest/Asst Treasurer)	$186,672	$0	$16,640
Anthony Barrese (Trustee/Associate Dean)	$177,294	$0	$29,885
Mohammad Dehghani (Vice Provost)	$166,781	$0	$7,650
Mark Samolewicz (Vp For Human Resources)	$158,279	$0	$27,262
Maureen Weatherall (Former Key Employee)	$119,697	$0	$0
Diana Colombo (Exec Asst To Pres/Asst Sec)	$85,492	$0	$21,690
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990

Filed on April 23, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2013

Revenue

$259,275,100

Expenses

$230,048,695

Net Income

$29,226,405

Net Assets

$210,542,345

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$25,009,202	9.6%
Program Services	$217,683,956	84.0%
Investment Income	$2,498,338	1.0%
Bond Proceeds	$0
Royalties	$96,055	0.0%
Rental Property Income	$1,435,570	0.6%
Net Fundraising	-$123,731
Sales of Assets	$8,229,417	3.2%
Net Inventory Sales	$246,743	0.1%
Other Revenue	$4,199,550	1.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,146,015	2.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$82,134,090	35.7%

Assets/Debt
Total Assets	$334,218,462
Total Liabilities	$123,676,117
Net Assets	$210,542,345

990

Filed on May 27, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2012

Revenue

$226,416,710

Expenses

$221,205,417

Net Income

$5,211,293

Net Assets

$177,335,893

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$11,295,493	5.0%
Program Services	$208,906,156	92.3%
Investment Income	$1,540,189	0.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$356,761	0.2%
Net Fundraising	-$501
Sales of Assets	$2,018,863	0.9%
Net Inventory Sales	$293,347	0.1%
Other Revenue	$2,006,402	0.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$9,148,877	4.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$79,291,688	35.8%

Assets/Debt
Total Assets	$307,906,023
Total Liabilities	$130,570,130
Net Assets	$177,335,893

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2011

Revenue

$215,462,357

Expenses

$213,352,320

Net Income

$2,110,037

Net Assets

$174,652,019

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$8,164,727	3.8%
Program Services	$199,260,504	92.5%
Investment Income	$1,541,535	0.7%
Bond Proceeds	$19,691	0.0%
Royalties	$0
Rental Property Income	$457,492	0.2%
Net Fundraising	$5,755	0.0%
Sales of Assets	$4,188,499	1.9%
Net Inventory Sales	$518,233	0.2%
Other Revenue	$1,305,921	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,544,495	2.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$79,824,834	37.4%

Assets/Debt
Total Assets	$308,683,840
Total Liabilities	$134,031,821
Net Assets	$174,652,019

Fiscal Year Ending June
2004

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2003

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated December 20, 2024

The Trustees Of The Stevens Institute Of Technology

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $506M (2023)

Expenses $477M (2023)

Total Assets $1.01B (2023)

Total Liabilities $428M (2023)

Tax Filings and Audits by Year

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audit

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audit

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audit

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Audit

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Audit

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Audit

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audit

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Audit

Fiscal Year Ending June 2015

Extracted Financial Data

Revenue

$506M (2023)

Expenses

$477M (2023)

Total Assets

$1.01B (2023)

Total Liabilities

$428M (2023)

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005

Fiscal Year Ending June
2004

Fiscal Year Ending June
2003

Fiscal Year Ending June
2002