THE TRUSTEES OF THE STEVENS INSTITUTE OF TECHNOLOGY

THE TRUSTEES OF THE STEVENS INSTITUTE OF TECHNOLOGY

HOBOKEN, NJ, US
501(c)(3)
EIN
22-1487354
School

THE TRUSTEES OF THE STEVENS INSTITUTE OF TECHNOLOGY

HOBOKEN, NJ, US
501(c)(3)
EIN
22-1487354
School

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$536,669,795

Program Services
90%
Contributions
4%
Other
3%
Investments
2%
Government Grants
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024

$509,502,464

Salaries & Benefits
42%
Grants
25%
Other
12%
Fees to Service Providers
8%
Depreciation
5%
Offices, Occupancy & IT
3%
Interest
2%
Advertising & Promotion
2%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$13,298,974
$19,745,560
+48%
Government Grants
$3,427,509
$3,241,637
-5%
Fundraising Events
$106,854
$60,138
-44%
Program Services
$472,932,747
$482,134,852
+2%
Membership Dues
$0
$0
-
Investments
$8,940,055
$13,321,501
+49%
Other
$7,177,935
$18,166,107
+153%
Total Revenues
$505,884,074
$536,669,795
+6%
Expenses
2023
2024
Change
Grants
$128,419,237
$129,554,579
+1%
Benefits to Members
$0
$0
-
Salaries & Benefits
$196,024,596
$212,362,436
+8%
Fees to Service Providers
$35,824,512
$42,856,619
+20%
Advertising & Promotion
$10,443,858
$8,658,298
-17%
Offices, Occupancy & IT
$15,814,769
$16,127,070
+2%
Interest
$12,342,185
$12,150,943
-2%
Depreciation
$24,144,671
$25,903,242
+7%
Other
$53,891,999
$61,889,277
+15%
Total Expenses
$476,905,827
$509,502,464
+7%
Net income
2023
2024
Change
Net income
+$28,978,247
+$27,167,331
-6%
Functional Expenses
Summary
2023
2024
Change
Program
$432,309,335
$465,039,613
+8%
Admin
$38,402,582
$37,832,134
-1%
Fundraising
$6,193,910
$6,630,717
+7%
Total Expenses
$476,905,827
$509,502,464
+7%
Income Statement
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