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
2023-06-01
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.
Related structure
NJIT is a subordinate organization under New Jersey Innovation Institute.
Also known as...
Foundation at NJ Institute of Technology
Total revenues
$14,094,600
2023
Total expenses
$9,939,238
2023
Total assets
$171,872,000
2023
Num. employees
0
2023

Program areas at NJIT

Scholarship and fellowship grants were awarded to new jersey Institute of Technology in the amount of $5,280,744. 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 1,164 students.
Instructional grants totaling $1,171,880 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 $744,899 were awarded to new jersey Institute of Technology to support various research projects, in accordance with donor and other restrictions.
Student service grants totaling $351,368 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 $381,532 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 $1,025,284 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 $186,260 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 $18,021 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$18,021

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$398,153
National Collegiate Athletic AssociationGrants/scholarships$300,517
...and 49 more grants received totalling $3,020,096

Personnel at NJIT

NameTitleCompensation
Kenneth AlexoPresident$0
Catherine BrennanSecretary$0
Kenneth M ColaoOverseer and Vice Chairmain$0
Robert MedinaOverseer and Chairmain$0
Marjorie A PerryChairman$0
...and 3 more key personnel

Financials for NJIT

RevenuesFYE 06/2023
Total grants, contributions, etc.$12,563,402
Program services$0
Investment income and dividends$4,176,181
Tax-exempt bond proceeds$0
Royalty revenue$17,836
Net rental income$0
Net gain from sale of non-inventory assets$-2,381,602
Net income from fundraising events$-281,217
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$14,094,600

Form 990s for NJIT

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-10990View PDF
2022-062023-05-09990View PDF
2021-062022-05-09990View PDF
2020-062022-05-17990View PDF
2019-062021-10-12990View PDF
...and 9 more Form 990s
Data update history
August 26, 2024
Received grants
Identified 18 new grant, including a grant for $398,153 from America East Conference
August 9, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 3, 2024
Used new vendors
Identified 1 new vendor, including
July 2, 2024
Updated personnel
Identified 6 new personnel
May 18, 2024
Received grants
Identified 18 new grant, including a grant for $100,000 from North Star Charitable Foundation
Nonprofit Types
Grantmaking organizationsSchoolsChapter / child organizationsCharities
Issues
Education
Characteristics
Provides grantsFundraising eventsOperates internationallyState / local levelEndowed supportTax deductible donationsNo full-time employeesAccepts online donations
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
Subordinate organization
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