NEW YORK INSTITUTE OF TECHNOLOGY Charity Report

Public IRS 990 nonprofit record

NEW YORK INSTITUTE OF TECHNOLOGY

EIN 11-1788788 · Education (B430)

What they do

NEW YORK INSTITUTE of TECHNOLOGY (NYIT) OFFERS VARIOUS DEGREE PROGRAMS, INCLUDING UNDERGRADUATE, GRADUATE, and PROFESSIONAL DEGREES, IN MORE THAN 50 FIELDS of STUDY, INCLUDING ARCHITECTURE and DESIGN; ARTS and SCIENCES; (CONTINUED ON SCHEDULE O)

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $94.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders34 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

91.69%of revenue went to mission work94.7% of expenses · Program services

0.68%of revenue went to fundraising0.7% of expenses

$96.78spent for every $100 of revenueRevenue covered expenses this year.

4.41%of revenue went to management and office costs4.6% of expenses

$1.59in assets for every $1 spent this yearSome assets cannot be spent right away.

2.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $1,586,183 for DR HENRY FOLEY (PRESIDENT (THRU 06/30/2025)). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$381,995,828

Mission workProgram services$350,269,58691.69% of revenue94.7% of expenses

ManagementOffice and general costs$16,833,4204.41% of revenue4.6% of expenses

FundraisingAsking for donations$2,588,9020.68% of revenue0.7% of expenses

Revenue left after expensesReported annual surplus$12,303,9203.22% of revenueShown in gray on the chart

Total expenses$369,691,90896.78% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 94.7% mission · 4.6% management · 0.7% fundraisingTotal expenses: 96.78% of revenue

2023Expense mix: 93.7% mission · 5.6% management · 0.7% fundraisingTotal expenses: 96.03% of revenue

2022Expense mix: 94.5% mission · 4.9% management · 0.6% fundraisingTotal expenses: 97.22% of revenue

2021Expense mix: 95.6% mission · 3.8% management · 0.6% fundraisingTotal expenses: 87.58% of revenue

2020Expense mix: 95.3% mission · 4.2% management · 0.5% fundraisingTotal expenses: 99.03% of revenue

2018Expense mix: 95.2% mission · 4.1% management · 0.7% fundraisingTotal expenses: 99.34% of revenue

2017Expense mix: 95.0% mission · 4.3% management · 0.7% fundraisingTotal expenses: 95.91% of revenue

2016Expense mix: 95.6% mission · 3.7% management · 0.7% fundraisingTotal expenses: 100.30% of revenue

Money in and money out

Revenue$381,995,828

Expenses$369,691,908

Annual surplus $12,303,920 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$350,269,586 · 94.7% of expenses

Management and office costs$16,833,420 · 4.6% of expenses

Fundraising$2,588,902 · 0.7% of expenses

See all reported dollar amounts

Revenue$381,995,828

Expenses$369,691,908

Assets$588,419,128

Income$529,229,190

Contributions$9,008,972

Mission work (program services)$350,269,586

Fundraising$2,588,902

Grants given$1,775,085

Average grant$40,343

Management and general$16,833,420

Stocks and bonds$137,339,389

Accounting fees$179,934

Investing fees$618,192

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DR HENRY FOLEYPRESIDENT (THRU 06/30/2025) · 60 hrs/week $1,586,183Base $1,534,600 · Other $51,583

JERRY BALENTINEPROVOST & EXECUTIVE VICE PRESIDENT · 40 hrs/week $849,490Base $771,043 · Other $78,447

CATHERINE FLICKINGERVP HR, GEN. COUNSEL & SECRETARY · 40 hrs/week $554,826Base $492,893 · Other $61,933

NICOLE WADSWORTHDEAN, COLLEGE OF OSTEOPATHIC MED. · 40 hrs/week $554,433Base $486,336 · Other $68,097

SHANE SPEIGHTSSITE DEAN, COLLEGE OF OSTEOPATHIC MED. · 40 hrs/week $519,921Base $444,202 · Other $75,719

BARBARA J HOLAHANVP FIN. AFFAIRS, CFO/TREASURER · 40 hrs/week $510,082Base $448,834 · Other $61,248

JOSEPH POSILLICOVP FOR ENROLL MGMT/STRATEGIC COMM. · 40 hrs/week $487,803Base $424,186 · Other $63,617

PENNIE TURGEONVP OF IT & CIO · 40 hrs/week $464,478Base $438,247 · Other $26,231

BABAK DASTGHEIB-BEHESHTIDEAN ENGINEERING SCHOOL · 40 hrs/week $450,095Base $391,290 · Other $58,805

ANTHONY GERDESPROFESSOR · 40 hrs/week $429,937Base $367,184 · Other $62,753

PATRICK MINSONVP DEV. & ALUM. RELATIONS & EXT AFF. · 40 hrs/week $407,765Base $382,415 · Other $25,350

MARIA RITA PERBELLINIDEAN, SCHOOL OF ARCHITECTURE/DESIGN · 40 hrs/week $376,741Base $349,151 · Other $27,590

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (34)

DR HENRY FOLEYPRESIDENT (THRU 06/30/2025)

JERRY BALENTINEPROVOST & EXECUTIVE VICE PRESIDENT

CATHERINE FLICKINGERVP HR, GEN. COUNSEL & SECRETARY

NICOLE WADSWORTHDEAN, COLLEGE OF OSTEOPATHIC MED.

SHANE SPEIGHTSSITE DEAN, COLLEGE OF OSTEOPATHIC MED.

BARBARA J HOLAHANVP FIN. AFFAIRS, CFO/TREASURER

JOSEPH POSILLICOVP FOR ENROLL MGMT/STRATEGIC COMM.

PENNIE TURGEONVP OF IT & CIO

BABAK DASTGHEIB-BEHESHTIDEAN ENGINEERING SCHOOL

ANTHONY GERDESPROFESSOR

PATRICK MINSONVP DEV. & ALUM. RELATIONS & EXT AFF.

MARIA RITA PERBELLINIDEAN, SCHOOL OF ARCHITECTURE/DESIGN

DONALD BOOTHVP, CAPITAL PLANNING & FACILIITES

EILEEN VALERIOCONTROLLER & ASSISTANT TREASURER

PETER FERENTINOSTRUSTEE

THOMAS VAN LAANTRUSTEE

PATRICK OSHAUGHNESSYTRUSTEE

PETER J ROMANOCHAIRPERSON

ROBERT A WILD ESQTRUSTEE

SANTHOSH KESHAVANTRUSTEE

TED MOUDISTRUSTEE

ANDREW BERNERTRUSTEE

MONTE N REDMANTRUSTEE

MICHAEL J MERLOVICE CHAIR

JOHN KEVILLETRUSTEE

HUMAYUN CHAUDHRYTRUSTEE (AS OF 03/2025)

HENRY IERVOLINOTRUSTEE

ELI WACHTELTRUSTEE (THRU 08/2024)

DOMENICK CHIECOTRUSTEE

DEBORAH VOGELTRUSTEE

DEBORAH VERDERAMETRUSTEE (AS OF 03/2025)

DAN FERRARAVICE CHAIR

CATHERINE ALLENTRUSTEE

ANGELA IANNACCITRUSTEE (AS OF 03/2025)

About this charity

Recognized since: January 1959
Location: PO BOX 8000, OLD WESTBURY, NY 11568-8000
County: Nassau
In care of: % BARBARA HOLAHAN
Primary officer: BARBARA J HOLAHAN, VP FIN. AFFAIRS, CFO/TREASURER

How to reach them

WebsiteVisit the charity’s website Phone(516) 686-7915

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: GRANT THORNTON ADVISORS LLC
NTEE classification: Education (B430)
Grant-giving organization: Yes