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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Education Foundation at NJ Institute of Technology

Foundation at NJ Institute of Technology

Fiscal year ending 2023. Filed on May 10, 2024.

University Heights
Newark, New Jersey 07102

Foundation at NJ Institute of Technology (EIN: 22-1714037) has filed an IRS Form 990 between fiscal years 2021 and 2023. In its fiscal year 2023 IRS Form 990 filing, Foundation at NJ Institute of Technology, a 501(c)(3) charitable organization, reported compensation for 5 employees. Among the employees shown here, the average compensation is $419,593. The highest compensated employee at Foundation at NJ Institute of Technology is Teik C Lim with fiscal year 2023 compensation of $483,364.

Revenue, expenses, and employee compensation

Revenue

$14,094,600

Expenses

$9,939,238

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Teik C Lim
Overseer (AS of 7/22)
$483,364
$0 $449,624 $33,740
Atam Dhawan
Overseer (AS of 7/22)
$469,522
$0 $417,094 $52,428
Andrew P Christ
Overseer
$403,832
$0 $339,230 $64,602
Catherine Z Brennan
Secretary
$397,042
$0 $317,775 $79,267
Kenneth Alexo Jr
President
$344,204
$0 $287,886 $56,318

Benchmark Employee Compensation

Non-Employee Board Members

Albert A Dorman
Overseer
Alfred A de Seta
Overseer
Angelo del Russo
Overseer
Arthur A Kapoor
Vice Chair
Brett Newton
Overseer
Caren L Freyer Desouza
Overseer
Carlos Fonseca
Overseer
Charles Forman
Overseer
Daniel A Henderson
Overseer
David T Gockel
Overseer
Donald Flood
Overseer
George M Newcombe
Overseer

Mission Statement

ESTABLISHED IN 1959, THE FOUNDATION IS A 501(C)(3) TAX-EXEMPT ORGANIZATION THAT RAISES, INVESTS, AND DISTRIBUTES PHILANTHROPIC GIFTS ON BEHALF OF NEW JERSEY INSTITUTE OF TECHNOLOGY (NJIT), THE STATE'S PUBLIC POLYTECHNIC UNIVERSITY. IN CONNECTING ALUMNI AND FRIENDS WITH NJIT'S INNOVATIVE PROGRAMS, RESEARCH-ACTIVE FACULTY, AND TALENTED AND HARDWORKING STUDENTS, THE FOUNDATION ADVANCES NJIT'S PURSUIT OF ITS MISSION OF EDUCATION, RESEARCH, SERVICE, AND ECONOMIC DEVELOPMENT.

Revisions to this organization profile

May 10, 2024:
2023 Foundation at NJ Institute of Technology 990 filed
May 9, 2023:
2022 Foundation at NJ Institute of Technology 990 filed
May 9, 2022:
2021 Foundation at NJ Institute of Technology 990 filed

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