Is New Jersey Institute Of Technology Foundation Legit?
Quick charity verification for New Jersey Institute Of Technology Foundation (EIN: 221714037)
Verdict: New Jersey Institute Of Technology Foundation appears trustworthy
85/100Mission Score
$42.1MRevenue
$192.0MAssets
2Red Flags
3Strengths
Red Flags
Consistent reporting of $0 for executive compensation raises questions about the true cost of leadership and potential hidden compensation structures.
The significant increase in assets from $102,903,578 in 2016 to $171,872,000 in 2023, while positive, should be scrutinized to understand the drivers and sustainability of this growth.
Strengths
Consistent growth in total assets from $102,903,578 in 2016 to $171,872,000 in 2023 demonstrates strong financial health and endowment management.
The foundation consistently allocates a significant portion of its expenses to programs, indicating a strong commitment to its mission.
Revenue has shown a generally upward trend over the past several years, indicating effective fundraising and donor engagement.
AI Transparency Report
New Jersey Institute Of Technology Foundation is a education nonprofit based in Newark, New Jersey, with reported revenue of $42.1M and assets of $192.0M. Our AI analysis assigns a Mission Score of 85/100 (Excellent). Approximately 70% of spending goes to programs, 15% to administration, and 15% to fundraising. The filings consistently report $0 in compensation for officers, directors, trustees, and key employees, which suggests that executive compensation may be covered by the parent university or through other non-reported means, requiring clarification for a complete assessment. Revenue has grown +55% across 13 filing periods.