Rensselaer Polytechnic Institute

Organization Overview

Rensselaer Polytechnic Institute is located in Troy, NY. The organization was established in 1941. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Rensselaer Polytechnic Institute employed 4,233 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rensselaer Polytechnic Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2020, Rensselaer Polytechnic Institute generated $653.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $619.3m during the year ending 06/2020. While expenses have increased by 3.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Rensselaer Polytechnic Institute has awarded 310 individual grants totaling $29,890,214. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

RENSSELAER EDUCATES THE LEADERS OF TOMORROW FOR TECHNOLOGICALLY BASED CAREERS. WE CELEBRATE DISCOVERY AND THE RESPONSIBLE APPLICATION OF TECHNOLOGY TO CREATE KNOWLEDGE AND GLOBAL PROSPERITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

INSTRUCTIONNUMBER OF STUDENTS ENROLLED: UNDERGRADUATE 6,265 GRADUATE 1,324


SCHOLARSHIP & FELLOWSHIPNUMBER OF UNDERGRADUATE STUDENTS ON SCHOLARSHIP: 4,775NUMBER OF GRADUATE STUDENTS ON SCHOLARSHIPS/FELLOWSHIPS: 1,276


RESEARCHNUMBER OF ACTIVE RESEARCH PROJECTS: 646


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Board, Officers & Key Employees

Name (title)Compensation
Shirley Ann Jackson
President
$4,197,754
Curtis N Powell
Vice President
$1,130,016
Prabhat Hajela
Provost
$519,839
Graig Eastin
Vice President
$473,393
Barbara Hough
Vice President
$452,908
Jonathan Dordick
Vice President
$447,500

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Rc Housing 1 Llc
Rent
$1,443,000
Murth Cullina Llp
Legal
$1,291,006
Mt Ida Apartments Llc
Rent
$1,022,143
Hv Housing Llc
Rent
$1,259,882
Pattison Sampson Ginsberg & Griffin
Legal
$767,676
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$30,104,177
Investment income $12,401,279
Tax Exempt Bond Proceeds $0
Royalties $930,346
Net Rental Income $415,769
Net Gain/Loss on Asset Sales $11,256,392
Net Income from Fundraising Events -$1,169,501
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $98,085
Miscellaneous Revenue$0
Total Revenue $653,047,178

Grants Awarded

Over the last fiscal year, Rensselaer Polytechnic Institute has awarded $8,868,181 in support to 72 organizations.

Grant RecipientAmount

TRUSTEES OF UNIV OF PA

Org PageRecipient Profile

Philadelphia, PA

|

$778,294

RESEARCH FOUNDATION OF SUNY

Org PageRecipient Profile

Albany, NY

PURPOSE: Research Subcontract

$714,897

COLUMBIA UNIVERSITY

Org PageRecipient Profile

New York, NY

PURPOSE: Research Subcontract

$599,786

ICAHN SCHOOL OF MEDICINE AT M

Org PageRecipient Profile

New York, NY

PURPOSE: Research Subcontract

$538,097

THE BOARD OF TRUSTEES UNIV IL

Org PageRecipient Profile

Urbana, IL

|

$459,584

New Haven, CT

PURPOSE: Research Subcontract

$427,742
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Rensselaer Polytechnic Institute has recieved totaling $387,500.

Awarding OrganizationAmount
The Fullgraf Foundation

Wilmington, DE

PURPOSE: FOR THE DR. CHARLES S. FULLGRAF ENDOWED SCHOLARSHIP FOR MECHANICAL ENGINEERING SCHOLARSHIP FUND

$350,000
Chau Family Charitable Foundation

La Habra Hts, CA

PURPOSE: CONTRIBUTE TO THE STUDENT DEVELOPMENT AND TO A VIBRANT AND ENGAGED CAMPUS COMMUNITY.

$20,000
The Fullgraf Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$10,000
Fredric Fenstermacher Foundation Inc

Ft Lauderdale, FL

PURPOSE: UNRESTRICTED SUPPORT

$6,000
Kilkea Foundation Inc

New York, NY

PURPOSE: TUITION

$1,000
Chapman Foundation

Greenville, SC

PURPOSE: 501(C)(3) EDUCATIONAL INSTITUTION CONTRIBUTION

$500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$744,843,053
Earnings$337,450,522
Admin Expense$1,278,000
Net Contributions$18,891,992
Other Expense$12,867,360
Grants$19,448,640
Ending Balance$1,067,591,567

Peer Organizations

Organization NameAssets
Fordham University
Bronx, NY
$953,892,663
Rochester Institute Of Technology
Rochester, NY
$1,071,324,345
St Johns University New York
Jamaica, NY
$798,473,536
Villanova University
Villanova, PA
$872,271,471
Rensselaer Polytechnic Institute
Troy, NY
$653,047,178
Rockefeller University
New York, NY
$535,346,959
Lehigh University
Bethlehem, PA
$713,288,867
The New School
New York, NY
$558,997,855
Hofstra University
Hempstead, NY
$606,887,297
American University Of Beirut
New York, NY
$608,300,843
Quinnipiac University
Hamden, CT
$531,949,834
Seton Hall University
South Orange, NJ
$473,034,000

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