THE TRUSTEES OF THE STEVENS INSTITUTE OF TECHNOLOGY Charity Report

Public IRS 990 nonprofit record

THE TRUSTEES OF THE STEVENS INSTITUTE OF TECHNOLOGY

EIN 22-1487354 · Education (B430)

What they do

THE ORGANIZATIONS PRIMARY EXEMPT PURPOSE is to PROVIDE EDUCATIONAL SERVICES, SEE 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 $91.50 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 leaders66 people are listed in the latest report.

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

Money made simple

84.43%of revenue went to mission work91.5% of expenses · Program services

1.11%of revenue went to fundraising1.2% of expenses

$92.27spent for every $100 of revenueRevenue covered expenses this year.

6.73%of revenue went to management and office costs7.3% of expenses

$2.14in assets for every $1 spent this yearSome assets cannot be spent right away.

6.9%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 $1,296,964 for NARIMAN FARVARDIN (PRESIDENT/TRUSTEE). 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$578,721,102

Mission workProgram services$488,640,44684.43% of revenue91.5% of expenses

ManagementOffice and general costs$38,926,7316.73% of revenue7.3% of expenses

FundraisingAsking for donations$6,401,8831.11% of revenue1.2% of expenses

Revenue left after expensesReported annual surplus$44,752,0427.73% of revenueShown in gray on the chart

Total expenses$533,969,06092.27% 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: 91.5% mission · 7.3% management · 1.2% fundraisingTotal expenses: 92.27% of revenue

2023Expense mix: 91.3% mission · 7.4% management · 1.3% fundraisingTotal expenses: 94.94% of revenue

2022Expense mix: 90.6% mission · 8.1% management · 1.3% fundraisingTotal expenses: 94.27% of revenue

2021Expense mix: 90.8% mission · 7.8% management · 1.4% fundraisingTotal expenses: 89.06% of revenue

2020Expense mix: 90.2% mission · 8.6% management · 1.2% fundraisingTotal expenses: 93.18% of revenue

2019Expense mix: 88.6% mission · 10.1% management · 1.4% fundraisingTotal expenses: 92.53% of revenue

2018Expense mix: 90.6% mission · 7.8% management · 1.6% fundraisingTotal expenses: 92.02% of revenue

2017Expense mix: 89.8% mission · 8.6% management · 1.6% fundraisingTotal expenses: 84.69% of revenue

Money in and money out

Revenue$578,721,102

Expenses$533,969,060

Annual surplus $44,752,042 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)$488,640,446 · 91.5% of expenses

Management and office costs$38,926,731 · 7.3% of expenses

Fundraising$6,401,883 · 1.2% of expenses

See all reported dollar amounts

Revenue$578,721,102

Expenses$533,969,060

Assets$1,140,670,011

Income$698,584,005

Contributions$40,116,227

Mission work (program services)$488,640,446

Fundraising$6,401,883

Management and general$38,926,731

Stocks and bonds$352,584,808

Accounting fees$678,643

Investing fees$2,374,829

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

NARIMAN FARVARDINPRESIDENT/TRUSTEE · 55 hrs/week $1,296,964Base $1,262,010 · Other $34,954

JIANMIN QUPROVOST & SVP FOR ACADEMIC AFFAIRS · 55 hrs/week $673,001Base $615,862 · Other $57,139

LOUIS J MAYERVP OF FINANCE/TREASURER, CFO · 55 hrs/week $551,145Base $494,006 · Other $57,139

KATHY L SCHULZVP & GENERAL COUNSEL/SECRETARY · 55 hrs/week $548,200Base $503,489 · Other $44,711

GREGORY PRASTACOSDEAN TO 8/31/24 & PROFESSOR · 55 hrs/week $512,169Base $447,981 · Other $64,188

CONSTANTIN CHASSAPISSR. VICE PROVOST · 55 hrs/week $506,669Base $449,530 · Other $57,139

DAVID ZENGVICE PROVOST · 55 hrs/week $494,045Base $439,051 · Other $54,994

EDMUND SYNAKOWSKIVICE PROVOST · 55 hrs/week $492,823Base $435,684 · Other $57,139

JEAN ZUDEAN · 55 hrs/week $488,055Base $445,533 · Other $42,522

MUHAMMAD HAJJDEPARTMENT CHAIR · 55 hrs/week $485,535Base $428,361 · Other $57,174

DINESH VERMAPROFESSOR/EXEC DIR OF SERC · 55 hrs/week $467,625Base $405,349 · Other $62,276

ELISABETH MCGRATHVP FOR UNIV RELATIONS · 55 hrs/week $463,933Base $436,157 · Other $27,776

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 (66)

NARIMAN FARVARDINPRESIDENT/TRUSTEE

JIANMIN QUPROVOST & SVP FOR ACADEMIC AFFAIRS

LOUIS J MAYERVP OF FINANCE/TREASURER, CFO

KATHY L SCHULZVP & GENERAL COUNSEL/SECRETARY

GREGORY PRASTACOSDEAN TO 8/31/24 & PROFESSOR

CONSTANTIN CHASSAPISSR. VICE PROVOST

DAVID ZENGVICE PROVOST

EDMUND SYNAKOWSKIVICE PROVOST

JEAN ZUDEAN

MUHAMMAD HAJJDEPARTMENT CHAIR

DINESH VERMAPROFESSOR/EXEC DIR OF SERC

ELISABETH MCGRATHVP FOR UNIV RELATIONS

LAURA ROSEVP FOR DEV/ALUM

GEORGE KORFIATISPROFESSOR

CHRISTOPHE PIERREFORMER KEY & PROFESSOR

ROBERT MAFFIAVP FOR FACILITIES & CAMPUS OPS

SOURAN MANOOCHEHRIPROFESSOR & DEPT CHAIR

SHERAINE GILLIAMCHRO, VP FOR HUMAN RESOURCES

CINDY CHINVICE PRESIDENT FOR ENROLLMENT MGMT

ANTHONY BARRESEDIR CORE CURR & FAC DEV TO 8/31/24

SARA KLEINVICE PRESIDENT FOR STUDENT AFFAIRS

DIBYENDU DIBS SARKARTRUSTEE/PROFESSOR

TEJASH PATELVP, CIO TO 9/6/24

JOSEPH E CASSIDYAVP FINANCE/ASSIST TREAS

GEORGE M CALHOUNTRUSTEE/PROFESSOR AS OF 5/20/25

R ELAINE HENRYTRUSTEE/PROFESSOR TO 5/20/25

ARSHAD SAIYEDCOLO & DEAN AS OF 4/15/24

GERT-JAN DE VREEDEDEAN AS OF 9/1/24

DAWN DA SILVAFORMER AVP

MICHAEL PARENTEINTERIM VP AS OF 9/7/24

DILHAN KALYONFORMER KEY

TONIANN BIONDOLILLOASST SEC/EXEC ASST

NICHOLAS SMITHTRUSTEE AS OF 5/20/25

CHRISTOPHER J FRANKTRUSTEE/ADJUNCT

JARED W DONNELLYTRUSTEE

SALEEL V AWSARETRUSTEE

THOMAS J NATHANSONTRUSTEE

SAMUEL P RECKFORDTRUSTEE

PHILIP P CROWLEYTRUSTEE

PAUL VON AUTENRIEDTRUSTEE

PAM P CHENGTRUSTEE

A MICHAEL LIPPERTRUSTEE

STEPHEN T BOSWELLCHAIRMAN/TRUSTEE

VIRGINIA P RUESTERHOLZTRUSTEE

THOMAS A CORCORANTRUSTEE

JOSEPH DEL GUERCIOTRUSTEE

BRIAN J NIGITOTRUSTEE AS OF 3/25/25

CHARLES H SHOTMEYERTRUSTEE

CHARLES J BUSCARINOTRUSTEE

DEVON E BROOKSTRUSTEE

EMILY R KOVELESKYTRUSTEE TO 5/20/25

HERMES O GONZALEZ-BELLOTRUSTEE

J SCOTT SWENSENTRUSTEE

JOHN A SCHEPISITRUSTEE

JOHN R DEARBORNTRUSTEE TO 8/27/24

JOHN SEAN J HANLON IVTRUSTEE

MICHAEL CAHILLTRUSTEE AS OF 9/21/24

JOSEPH G DIPOMPEOTRUSTEE

KAREN S CAROLONZATRUSTEE TO 1/15/25

LAWRENCE T BABBIO JRTRUSTEE

LISA M MASCOLOTRUSTEE TO 8/18/24

LOUIS A STEINBERGTRUSTEE

MANUEL S ESCOBEDOTRUSTEE

MARISSA BROCKTRUSTEE

MARY ANNE CANNONTRUSTEE

MEHRAB H SYEDTRUSTEE

About this charity

Recognized since: January 1986
Location: ONE CASTLE POINT ON HUDSON, HOBOKEN, NJ 07030-0000
County: Hudson
In care of: % SHARON CARNEY
Primary officer: JOSEPH CASSIDY, CFO, VP FOR FIN & TREASURER

How to reach them

WebsiteVisit the charity’s website Phone(201) 216-8761

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: KPMG LLP
NTEE classification: Education (B430)