Rensselaer Polytechnic Institute
89% goes to programs $6 to raise $100 Strong reserves Growing revenue
Rensselaer Polytechnic Institute is a 501(c)(3) organization based in Troy, New York, registered in 1941, with $709,446,445 in FY2023 revenue. CharityIndex grades it A, and it directs about 89% of spending to programs.
110 8th St, Troy, NY, 12180 EIN 14-1340095 Since 1941
Revenue (FY2023)
$709.4M
▲ 6.4% vs prior year
Education median: $200K
Expenses (FY2023)
$703.2M
Net assets
$916.3M
Employees
5,002
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating89% to programs · $6 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Rensselaer Polytechnic Institute: 89% to programs · $6 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating16 mo reserves · +1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Rensselaer Polytechnic Institute: 16 mo reserves · +1% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Rensselaer Polytechnic Institute: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Rensselaer Polytechnic Institute: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
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.
What they do
Instruction number of students enrolled: undergraduate: 5909 graduate: 1194 special: 46
Research number of active research projects: 543
Other program services include activities that further rensselaer's exempt purpose. auxiliary number of housing units available: dorm rooms - 2962 single apartments - 1026 number of students on meal plans: 3,708
Contact & location
- Address
- 110 8th St, Troy, NY, 12180
- City
- Troy
- State
- New York
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $499.1M (FY2013) to $709.4M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $815.2MNet assets $916.3M
Operating margin
0.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.7B
Total liabilities
$815.2M
Net assets
$916.3M
Salaries & benefits
$234.0M
33% of expenses
Board members
21
21 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $709,446,445▲6.4% | $703,203,246▲9.4% | $916,335,206▲8.7% | $1,731,509,146▲2.0% | 990 |
| 2022 | $666,573,071▼5.2% | $642,598,495▲10.4% | $843,205,299▲12.2% | $1,697,301,020▲1.8% | 990 |
| 2021 | $703,187,253▲14.0% | $582,168,465▲3.5% | $751,673,923▼19.4% | $1,667,282,381▼12.9% | 990 |
| 2020 | $616,594,821▼5.6% | $562,649,898▼9.2% | $932,424,946▲78.7% | $1,913,143,793▲19.7% | 990 |
| 2019 | $653,047,178▲0.4% | $619,342,522▲4.4% | $521,885,237▼3.7% | $1,598,843,813▲4.5% | 990 |
| 2018 | $650,314,799▲9.9% | $593,266,333▲5.9% | $541,928,476▲2.8% | $1,530,343,977▲1.9% | 990 |
| 2017 | $591,700,082▲0.5% | $560,412,067▲3.0% | $527,341,047▲19.1% | $1,502,541,025▲2.5% | 990 |
| 2016 | $588,745,611▲9.5% | $543,879,171▲4.9% | $442,676,483▲21.7% | $1,465,468,747▲2.4% | 990 |
| 2015 | $537,886,619▲1.3% | $518,499,017▲2.2% | $363,781,098▼15.9% | $1,430,642,033▼3.7% | 990 |
| 2014 | $531,099,741▲6.4% | $507,375,853▲0.9% | $432,580,531▼5.9% | $1,486,212,888▲2.4% | 990 |
| 2013 | $499,105,587 | $503,059,231▲0.2% | $459,735,496▲10.8% | $1,451,411,669▲1.9% | 990 |
| 2012 | — | $502,143,726▲2.5% | $414,801,636▲14.3% | $1,424,463,981▲0.5% | 990 |
| 2011 | — | $490,105,839▲0.2% | $362,940,873▼27.2% | $1,417,002,421▼4.2% | 990 |
| 2010 | — | $489,091,591▲2.9% | $498,593,489▼0.8% | $1,479,402,327▼1.2% | 990 |
| 2009 | — | $475,219,975 | $502,522,594 | $1,497,825,832 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Dr Shirley Ann Jackson — $2,425,559 (0.34% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dr Shirley Ann Jackson | Former President | 0 | $2,425,559 |
| Martin Schmidt | President | 55 | $1,252,452 |
| Prabhat Hajela | Former Provost | 45 | $561,296 |
| Matthew Ter Molen | Vp of Institute Advancement | 40 | $536,798 |
| John Kolb | Vice President For Information Services & Cto | 40 | $514,379 |
| Craig Cook | Secretary and General Counsel | 40 | $508,942 |
| Jonathan Dordick | Vice President For Strategic Alliances and Translation | 45 | $507,214 |
| Curtis Powell | Former Vice President For Human Resources | 0 | $471,888 |
| Mary Simoni | Dean of Humanities, Arts, and Social Sciences (hass) | 40 | $458,518 |
| Eileen Mcloughlin | Vice President For Finance and Cfo | 40 | $455,649 |
| Robert Hull | Vice President For Research | 40 | $413,712 |
| Shekhar Garde | Dean, School of Engineering | 40 | $412,240 |
| Nalin Chanaka Edirisinghe | Acting Dean, Lally School of Management | 40 | $403,641 |
| Jonathan Wexler | Vice President For Enrollment | 40 | $388,400 |
| Boleslaw Szymanski | Professor | 40 | $382,198 |
| James Hendler | Professor | 40 | $366,580 |
| Gaetano Montelione | Professor | 40 | $356,951 |
| Rosaline Lee | Vp and Chief Strategy Officer For Institutional Impact | 40 | $332,997 |
| Rebecca Doerge | Provost | 40 | $321,137 |
| Ernest Katzwinkel | Vp of the Division of Administration | 40 | $320,711 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Sodexo Management Inc | Food and Facilities Management | $18,266,906 |
| Lechase Construction Services LLC | Construction Services | $3,524,447 |
| E & B Global Inc | Consulting | $2,333,106 |
| Huron Consulting Group Inc | Consulting Services | $1,601,567 |
| Murtha Cullina LLP | Legal Services | $1,124,396 |
Grants received · $37.4M total
261 grants to Rensselaer Polytechnic Institute totaling $37.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Grants made · $8.5M in FY2023
67 grants totaling $8.5M in FY2023 — showing the 15 largest. All grants made by Rensselaer Polytechnic Institute →
| Recipient | Purpose | Amount |
|---|---|---|
| The Board of Trustees of the University of Illinois | Research subcontract | $872,817 |
| Regents of the University of Colorado | Research subcontract | $740,690 |
| Albany Med Health System | Research subcontract | $520,097 |
| General Electric | Research subcontract | $476,309 |
| Research Foundation For the State University of New York | Research subcontract | $444,401 |
| Yale University | Research subcontract | $390,084 |
| University of South Carolina | Research subcontract | $382,456 |
| Trustees of the University of Pennsylvania | Research subcontract | $309,447 |
| Ge Medical Systems Information Technologies Inc | Research subcontract | $308,080 |
| Johns Hopkins University | Research subcontract | $242,836 |
| Coherent Technical Services Inc | Research subcontract | $213,638 |
| Trustees of Columbia University | Research subcontract | $206,856 |
| University of North Carolina At Chapel Hill | Research subcontract | $199,680 |
| Regents of the University of New Mexico | Research subcontract | $177,164 |
| Regents Univ of California | Research subcontract | $173,379 |
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Frequently asked questions
- Is Rensselaer Polytechnic Institute a legitimate nonprofit?
- Yes. Rensselaer Polytechnic Institute is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 14-1340095, based in Troy, New York. Donations are tax-deductible.
- What is Rensselaer Polytechnic Institute's EIN?
- Rensselaer Polytechnic Institute's Employer Identification Number (EIN) is 14-1340095.
- How much revenue does Rensselaer Polytechnic Institute report?
- Rensselaer Polytechnic Institute reported $709,446,445 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Rensselaer Polytechnic Institute's spending goes to programs?
- Rensselaer Polytechnic Institute spends about 89% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Rensselaer Polytechnic Institute have?
- CharityIndex grades Rensselaer Polytechnic Institute A, based on program efficiency and fundraising cost.
- How much does Rensselaer Polytechnic Institute's highest-paid employee make?
- The highest reported compensation on Rensselaer Polytechnic Institute's latest Form 990 is $2,425,559, paid to Dr Shirley Ann Jackson (Former President).
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Data for Rensselaer Polytechnic Institute (EIN 14-1340095) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.