Alumni Association Of New Jersey Institute Of Technology
- Assets
- $0.0
- Revenue
- $306.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Paramus, NJ
- Founding
- 05/1976
- Data as of
- 06/2020
- EIN
- 23-7450425
Organization Overview
Alumni Association Of New Jersey Institute Of Technology is located in Paramus, NJ. The organization was established in 1976. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. Alumni Association Of New Jersey Institute Of Technology 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, Alumni Association Of New Jersey Institute Of Technology generated $306.1k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $3.9m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SCHOLARSHIP AWARDS TO STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Forman President | 2 | $0 | |
Joe Manfredi Executive Vice President | 2 | $0 | |
Dr Ricky John Treasurer | 2 | $0 | |
Lucie Thibeaud Tchouassi VP Programs | 2 | $0 | |
Michael Depadova VP Public Relations | 2 | $0 | |
Steve Drizing Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $73,569 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $232,550 |
| Capital Gain Net Income | $232,550 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $306,119 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,698 |
| Total operating and administrative expenses | $93,930 |
| Contributions, gifts, grants paid | $3,816,748 |
| Total expenses and disbursements | $3,910,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Alumni Association Of New Jersey Institute Of Technology has awarded $3,816,748 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FOUNDATION AT NJIT PURPOSE: TRANSFER OF ASSETS | $3,616,728 |
VARIOUS SCHOLARSHIP RECIPIENTS PURPOSE: SCHOLARSHIPS | $200,020 |
Endowment Analysis
| Beg. Balance | $3,250,379 |
| Earnings | $654,498 |
| Admin Expense | $80,725 |
| Grants | $150,000 |
| Ending Balance | $3,674,152 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penn State Alumni Association University Park, PA | $100,014,631 | $13,658,978 |
Baseball Assistance Team Inc New York, NY | $16,328,027 | $4,707,517 |
United States Merchant Marine Academy Alumni Association And Fou Kings Point, NY | $55,826,934 | $8,053,233 |
Alumni Association Of New Jersey Institute Of Technology Paramus, NJ | $0 | $306,119 |
Alumni Of The Rabbinical College Knesseth Israel Of Slabodka Kowno Brooklyn, NY | $341,064 | $3,063,744 |
The Bronx High School Of Science Alumni Foundation Inc Bronx, NY | $31,172,697 | $12,367,161 |
Bernard M Baruch College Association Inc New York, NY | $9,740,278 | $4,039,630 |
Seoul National University Foundation Inc Fort Lee, NJ | $6,845,557 | $3,716,699 |
Syracuse Health Science Center Medical Alumni Foundation Inc Syracuse, NY | $50,640,765 | $25,764,011 |
Thaddeus Stevens Foundation Lancaster, PA | $7,318,571 | $3,742,597 |
Rowan University Alumni Association Glassboro, NJ | $0 | $183,589 |
Alumni Of The State Univ Of Ny Agri & Tech College At Cobleskill Cobleskill, NY | $10,808,498 | $1,450,996 |