EIN 22-1714037

New Jersey Institute of Technology (NJIT)

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Year formed
1959
Most recent tax filings
2022-06-01
Description
NJIT is New Jersey's Science and Technology University. We offer undergraduate and graduate degrees in areas such as engineering, architecture and design, science and math, business and management, and the computing sciences.
Also known as...
Foundation at NJ Institute of Technology
Total revenues
$19,080,456
2022
Total expenses
$9,265,289
2022
Total assets
$157,150,311
2022
Num. employees
0
2022

Program areas at NJIT

Scholarship and fellowship grants were awarded to new jersey Institute of Technology in the amount of $5,453,107. 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 1,233 students.
Instructional grants totaling $950,142 were awarded to new jersey Institute of Technology in support of its educational programs in accordance with donor and other restrictions.
Research and program grants totaling $648,428 were awarded to new jersey Institute of Technology to support various research projects, in accordance with donor and other restrictions.
Student service grants totaling $383,161 were awarded to new jersey Institute of Technology in support of its athletic, theater, and other programs in accordance with donor and other restrictions.public service grants totaling $484,307 were awarded to new jersey Institute of Technology to support pre-college and outreach programs in accordance with donor and other restrictions.academic support grants totaling $335,570 were awarded to new jersey Institute of Technology to support deans and other academic support activities in accordance with donor and other restrictions.institutional support grants totaling $200,808 (including $44,777 for capital acquisition) were awarded to new jersey Institute of Technology in support of public relations and other advertising activities in accordance with donor and other restrictions.grants totaling $16,367 were awarded to the beta alpha chapter of pi kappa phi, inc., a student fraternity organization, to assist with the payment of its mortgage associated with the construction and furnishing of educational areas of their chapter house.

Grants made by NJIT

GranteeGrant descriptionAmount
Pi Kappa Phi Fraternity - Beta AlphaConstruction/furnishing of Chapter House$16,367

Who funds New Jersey Institute of Technology (NJIT)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Schwab Charitable FundEducation$930,006
America East ConferenceStudent Athletic Assistance$408,534
National Collegiate Athletic AssociationScholarships/grants$307,392
...and 53 more grants received totalling $2,872,237

Personnel at NJIT

NameTitleCompensation
Catherine BrennanSecretary$0
Marjorie A PerryChairman$0
Kenneth AlexoPresident$0
Arthur A KapoorVice Chairman$0
Edward J BishofFormer Senior Vice President for Finance$0
...and 1 more key personnel

Financials for NJIT

RevenuesFYE 06/2022
Total grants, contributions, etc.$9,206,676
Program services$0
Investment income and dividends$3,695,147
Tax-exempt bond proceeds$0
Royalty revenue$17,828
Net rental income$0
Net gain from sale of non-inventory assets$6,320,574
Net income from fundraising events$-159,769
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$19,080,456

Form 990s for NJIT

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-09990View PDF
2021-062022-05-09990View PDF
2020-062022-05-17990View PDF
2019-062021-10-12990View PDF
2018-062019-07-30990View PDF
...and 8 more Form 990s
Data update history
October 25, 2023
Received grants
Identified 2 new grant, including a grant for $19,749 from The Blackbaud Giving Fund
August 19, 2023
Received grants
Identified 34 new grant, including a grant for $408,534 from America East Conference
August 9, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 6, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 24, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Provides grantsFundraising eventsOperates internationallyState / local levelEndowed supportTax deductible donationsNo full-time employees
General information
Address
University HTS
Newark, NJ 07102
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
Essex County, NJ
Website URL
njit.edu 
Phone
(973) 596-3000
Facebook page
NewJerseyInstituteofTechnology 
Twitter profile
@njit 
IRS details
EIN
22-1714037
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1959
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B43: University or Technological Institute
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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