New Jersey Institute Of Technology Foundation
NJIT Foundation: Strong Asset Growth, Consistent Program Spending
EIN: 221714037 · Newark, NJ · NTEE: B110 · Updated: 2026-04-04
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New Jersey Institute Of Technology Foundation is mapped to EIN 221714037.
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13 stored filing years available.
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| Metric | Value |
|---|---|
| Total Revenue | $42.1M |
| Total Expenses | $9.9M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $168.4M |
| Transparency Score | 85/100 |
Search Intent Cockpit
New Jersey Institute Of Technology Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
New Jersey Institute Of Technology Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around New Jersey Institute Of Technology Foundation in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $14.1M and expenses of $9.9M.
Revenue and Expenses
New Jersey Institute Of Technology Foundation reported $14.1M in revenue and $9.9M in expenses, a surplus of $4.2M.
Executive Compensation
Top officer compensation appears as $0 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
85/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is New Jersey Institute Of Technology Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $7.0M (70%) |
Across stored filings, New Jersey Institute Of Technology Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 70% to programs | Good |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Dance For The Cure Inc | New Jersey and Education context |
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New Jersey Institute Of Technology Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About New Jersey Institute Of Technology Foundation
New Jersey Institute Of Technology Foundation (EIN: 221714037) is a nonprofit organization based in Newark, NJ, classified under NTEE code B110. The organization reported total revenue of $42.1M and total assets of $192.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Jersey Institute Of Technology Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Jersey Institute Of Technology Foundation is a large nonprofit that has been operating for 65 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.1M |
| Total Expenses | $9.9M |
| Surplus / Deficit | +$4.2M |
| Total Assets | $171.9M |
| Total Liabilities | $3.5M |
| Net Assets | $168.4M |
| Operating Margin | 29.5% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 207.5 months |
Financial Health Grade: A
In 2023, New Jersey Institute Of Technology Foundation reported a surplus of $4.2M with revenue exceeding expenses, holds 207.5 months of operating reserves (strong position), has a debt-to-asset ratio of 2.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Jersey Institute Of Technology Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.1% | +7.3% | +9.4% |
| 2022 | -11.8% | -0.8% | -11.6% |
| 2021 | -27.1% | -13.6% | +28.6% |
| 2020 | +43.9% | +4.3% | +3.5% |
| 2019 | +11.8% | +4.0% | +10.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1961 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Jersey Institute Of Technology Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, New Jersey Institute Of Technology Foundation allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.0%.
Executive Compensation Analysis
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.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of New Jersey Institute Of Technology Foundation's IRS 990 filings:
- 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
The following positive indicators were identified for New Jersey Institute Of Technology Foundation:
- 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.
Frequently Asked Questions about New Jersey Institute Of Technology Foundation
Is New Jersey Institute Of Technology Foundation a legitimate charity?
New Jersey Institute Of Technology Foundation (EIN: 221714037) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $42.1M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does New Jersey Institute Of Technology Foundation spend its money?
New Jersey Institute Of Technology Foundation directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to New Jersey Institute Of Technology Foundation tax-deductible?
New Jersey Institute Of Technology Foundation is registered as a tax-exempt nonprofit (EIN: 221714037). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New Jersey Institute Of Technology Foundation CEO make?
New Jersey Institute Of Technology Foundation's highest-compensated officer earns $0 annually. The organization reported $42.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New Jersey Institute Of Technology Foundation's spending goes to programs?
New Jersey Institute Of Technology Foundation directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does New Jersey Institute Of Technology Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), New Jersey Institute Of Technology Foundation is above average for NTEE category B110 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Jersey Institute Of Technology Foundation located?
New Jersey Institute Of Technology Foundation is headquartered in Newark, New Jersey and files with the IRS under EIN 221714037. It is classified under NTEE code B110.
How many years of IRS 990 filings does New Jersey Institute Of Technology Foundation have?
New Jersey Institute Of Technology Foundation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $42.1M in total revenue.
What does New Jersey Institute Of Technology Foundation do?
New Jersey Institute Of Technology Foundation is a nonprofit organization in the Education sector, located in Newark, New Jersey. It is classified under NTEE code B110.
How much revenue does New Jersey Institute Of Technology Foundation have?
New Jersey Institute Of Technology Foundation reported total revenue of $42,097,591. Based on 13 IRS 990 filings on record.
What are New Jersey Institute Of Technology Foundation's total assets?
New Jersey Institute Of Technology Foundation holds total assets of $192,030,972 as reported in IRS 990 filings.
Where is New Jersey Institute Of Technology Foundation located?
New Jersey Institute Of Technology Foundation is based in Newark, New Jersey.
What is New Jersey Institute Of Technology Foundation's EIN?
New Jersey Institute Of Technology Foundation's Employer Identification Number (EIN) is 221714037. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Jersey Institute Of Technology Foundation?
New Jersey Institute Of Technology Foundation is classified under NTEE code B110 (Education).
Is New Jersey Institute Of Technology Foundation a registered 501(c)(3)?
Yes, New Jersey Institute Of Technology Foundation is recognized as a tax-exempt organization by the IRS. EIN: 221714037.
Does New Jersey Institute Of Technology Foundation file IRS Form 990?
Yes, New Jersey Institute Of Technology Foundation has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was New Jersey Institute Of Technology Foundation's revenue in 2023?
In the 202306 filing period, New Jersey Institute Of Technology Foundation reported total revenue of $14,094,600, total expenses of $9,939,238, and net assets of $171,872,000.
Is New Jersey Institute Of Technology Foundation's revenue growing or declining?
New Jersey Institute Of Technology Foundation's revenue is declining. Revenue went from $19,080,456 (202206) to $14,094,600 (202306), a -26.1% change. Based on 13 filings on record.
What is New Jersey Institute Of Technology Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for New Jersey Institute Of Technology Foundation covers tax period 202306. It shows revenue of $14,094,600, expenses of $9,939,238, total assets of $171,872,000, and liabilities of $3,457,673.
How much does New Jersey Institute Of Technology Foundation spend on programs vs administration?
Based on IRS 990 analysis, New Jersey Institute Of Technology Foundation allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is New Jersey Institute Of Technology Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, New Jersey Institute Of Technology Foundation appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for New Jersey Institute Of Technology Foundation?
The following concerns were identified: 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.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New Jersey Institute Of Technology Foundation's strengths?
Positive indicators for New Jersey Institute Of Technology Foundation include: 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.. These findings are derived from AI analysis of the organization's financial filings.
How does New Jersey Institute Of Technology Foundation compensate executives?
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. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 for executive compensation, how are the leadership and key management functions of the foundation compensated, and what is the total cost associated with these roles?
The filings indicate no direct compensation to officers, directors, trustees, or key employees from the foundation itself. This suggests that compensation for these roles might be covered by the New Jersey Institute of Technology (NJIT) as part of a broader institutional structure, or through other mechanisms not directly reported on the Form 990 for the foundation. A full understanding would require examining NJIT's financial statements or direct inquiry.
What specific strategies or investment policies have contributed to the substantial growth in total assets from $102,903,578 in 2016 to $171,872,000 in 2023?
While the provided data shows the outcome of asset growth, it does not detail the specific investment strategies or policies employed. This growth could be attributed to a combination of successful fundraising, prudent investment management, and market appreciation. Further analysis of their investment portfolio and donor development reports would be necessary to fully answer this.
Filing History
IRS 990 filing history for New Jersey Institute Of Technology Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Jersey Institute Of Technology Foundation's revenue has grown by 55%, moving from $9.1M to $14.1M. Total assets increased by 111.4% over the same period, from $81.3M to $171.9M. Total functional expenses rose by 57%, from $6.3M to $9.9M. In its most recent filing year (2023), New Jersey Institute Of Technology Foundation reported a surplus of $4.2M, with revenue exceeding expenses. The organization holds $3.5M in liabilities against $171.9M in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $168.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.1M | $9.9M | $171.9M | $3.5M | — | — |
| 2022 | $19.1M | $9.3M | $157.2M | $2.6M | — | View 990 |
| 2021 | $21.6M | $9.3M | $177.8M | $3.4M | — | View 990 |
| 2020 | $29.7M | $10.8M | $138.3M | $2.4M | — | View 990 |
| 2019 | $20.6M | $10.4M | $133.7M | $1.8M | — | View 990 |
| 2018 | $18.4M | $10.0M | $121.3M | $1.6M | — | View 990 |
| 2017 | $15.6M | $12.0M | $115.2M | $3.3M | — | View 990 |
| 2016 | $12.7M | $10.1M | $102.9M | $911K | — | View 990 |
| 2015 | $14.7M | $7.7M | $104.2M | $979K | — | View 990 |
| 2014 | $14.1M | $8.1M | $101.6M | $1.1M | — | View 990 |
| 2013 | $13.6M | $7.6M | $87.3M | $2.0M | — | View 990 |
| 2012 | $6.6M | $6.6M | $79.7M | $2.2M | — | View 990 |
| 2011 | $9.1M | $6.3M | $81.3M | $2.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.1M, expenses of $9.9M, and assets of $171.9M (revenue -26.1% year-over-year).
- 2022: Revenue of $19.1M, expenses of $9.3M, and assets of $157.2M (revenue -11.8% year-over-year).
- 2021: Revenue of $21.6M, expenses of $9.3M, and assets of $177.8M (revenue -27.1% year-over-year).
- 2020: Revenue of $29.7M, expenses of $10.8M, and assets of $138.3M (revenue +43.9% year-over-year).
- 2019: Revenue of $20.6M, expenses of $10.4M, and assets of $133.7M (revenue +11.8% year-over-year).
- 2018: Revenue of $18.4M, expenses of $10.0M, and assets of $121.3M (revenue +18.3% year-over-year).
- 2017: Revenue of $15.6M, expenses of $12.0M, and assets of $115.2M (revenue +22.7% year-over-year).
- 2016: Revenue of $12.7M, expenses of $10.1M, and assets of $102.9M (revenue -13.7% year-over-year).
- 2015: Revenue of $14.7M, expenses of $7.7M, and assets of $104.2M (revenue +4.4% year-over-year).
- 2014: Revenue of $14.1M, expenses of $8.1M, and assets of $101.6M (revenue +3.4% year-over-year).
- 2013: Revenue of $13.6M, expenses of $7.6M, and assets of $87.3M (revenue +106.3% year-over-year).
- 2012: Revenue of $6.6M, expenses of $6.6M, and assets of $79.7M (revenue -27.3% year-over-year).
- 2011: Revenue of $9.1M, expenses of $6.3M, and assets of $81.3M.
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Data Sources and Methodology
This transparency report for New Jersey Institute Of Technology Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.