Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1941.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
88 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
45 people listed on the 990; $9.6M paid to officers and key staff (Part VII, Section A).
Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$1,230,040Pt VII · Sec A
Provost
$676,131Pt VII · Sec A
Vice President for Strategic Alliances and Translation
$526,502Pt VII · Sec A
Secretary and General Counsel
$514,929Pt VII · Sec A
VP of Institute Advancement
$508,202Pt VII · Sec A
Vice President for Information Services & CTO
$498,472Pt VII · Sec A
Vice President for Finance and CFO
$453,278Pt VII · Sec A
VP and Chief Strategy Officer for Institutional Impact
$450,633Pt VII · Sec A
Dean, School of Engineering
$416,280Pt VII · Sec A
Professor
$413,375Pt VII · Sec A
Vice President for Research
$410,511Pt VII · Sec A
Professor
$387,969Pt VII · Sec A
Dean, School of Science (till December 2024)
$380,990Pt VII · Sec A
Vice President for Enrollment (till 12/31/2024)
$378,342Pt VII · Sec A
Dean, School of Architecture
$375,853Pt VII · Sec A
Professor
$375,622Pt VII · Sec A
VP of the Division of Administration
$318,184Pt VII · Sec A
Former Provost
$289,280Pt VII · Sec A
Vice President and Co-Head of the Office of Community Engagement and Communications
$271,018Pt VII · Sec A
Vice President of Human Resources
$252,594Pt VII · Sec A
Vice President and Co-Head of the Office of Community Engagement and Communications
$227,800Pt VII · Sec A
Vice President for Student Life
$223,361Pt VII · Sec A
Mayor-Elect of Troy
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
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Martin Schmidt’s $1.2M as President is at the 81st percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Shirley Ann Jackson | — | — | — | $2,407,222 | $4,197,754 | $1,847,271 |
| Dr Shirley Ann Jackson | — | $2,425,559 | $2,466,713 | — | — | — |
| Martin Schmidt | $1,230,040 | $1,252,452 | $530,942 | — | — | — |
| Curtis N Powell | — | — | — | — | $1,130,016 | $536,670 |
| Graig Eastin | — | — | $693,015 | $500,511 | $473,393 | $486,266 |
| Rebecca Doerge | $676,131 | $321,137 | — | — | — | — |
| Curtis Powell | — | $471,888 | $590,273 | $560,268 | — | — |
| Prabhat Hajela | $289,280 | $561,296 | $580,896 | $552,288 | $519,839 | $534,901 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Rensselaer Polytechnic Institute executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Educates future leaders for technology careers and conducts cutting-edge scientific research to drive global prosperity and innovation.
Questions for Rensselaer Polytechnic Institute
Your first name shows with your question. Rensselaer Polytechnic Institute answers here, for everyone.
3 programs · $590.7M · in their own filed words · FY2024
01
Instruction Number of Students Enrolled
Undergraduate: 5687 Graduate: 1280 Special: 54
$242.2Mprogram expense
02
Scholarships and Fellowships. Number of undergraduate students on scholarship: 5338 Number of graduate students on scholarships/fellowships: 1158
$241.6Mprogram expense
03
Research Number of Active Research Projects
510
$106.9Mprogram expense
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Schedule I · received and paid
Grants received · FY2025
The Fullgraf FoundationFY2025$1.0M
The Ayco Charitable FoundationFY2025$193K
Hispanic Scholarship FundFY2025$127K
Folds of Honor FoundationFY2025$13K
Fredric Fenstermacher Foundation INCFY2025$5K
Total grants receivedfrom 6 funders$1.4M
Grants paid · 411 grants · $59.6M · 2019–2024
Unitemized GrantFY2024$1,757,160
Albany Med Health SystemNY · FY2024$659,031
Carnegie Mellon UniversityPA · FY2024$555,270
University of South CarolinaFY2024$543,406
Unitemized GrantFY2024$472,268
Regents of the University of ColoradoCO · FY2024$370,362
Johns Hopkins UniversityMD · FY2024$349,595
Regents Univ of CaliforniaCA · FY2024$306,107
Research Foundation for the State University of New YorkNY · FY2024$302,388
University of North Carolina at Chapel HillNC · FY2024$273,946
University of ChicagoIL · FY2024$255,496
Carnegie Institution of WashingtonDC · FY2024$249,504
Institute of Gas TechnologyIL · FY2024$249,363
Mass General Brigham IncorporatedMA · FY2024$242,350
Unitemized GrantFY2024$228,075
Hudson Valley Textile Project INCNY · FY2024$202,410
The University of South FloridaFY2024$198,011
Danimer Scientific INCFY2024$174,947
Federal money
Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $106.6M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$31.1M
Department of DefenseDepartment of Defense · ALN 12.RD · Direct and through Emergingdx, INC. and 14 more$10.6M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$7.7M
Federal Perkins Loan Program, Outstanding Loans as of July 1, 2024Department of Education · ALN 84.038 · Direct$4.7M
Office of Science Financial Assistance ProgramDepartment of Energy · ALN 81.049 · Direct and through Massachusetts Institute of Technology and 7 more$3.6M
Plus 66 smaller programs.
The auditor reported no findings.
Year ending Jun 2024 · $109.4M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$31.1M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$7.4M
Federal Perkins Loan Program, Outstanding Loans as of July 1, 2023Department of Education · ALN 84.038 · Direct$6.7M
Basic and Applied Scientific ResearchDepartment of Defense · ALN 12.300 · Direct$4.3M
Department of DefenseDepartment of Defense · ALN 12.RD · Direct and through Advanced Technology International and 13 more$4.0M
Plus 71 smaller programs.
The auditor reported 1 finding.
Year ending Jun 2023 · $107.1M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$29.5M
Federal Perkins Loan Program, Outstanding Loans as of July 1, 2022Department of Education · ALN 84.038 · Direct$10.4M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$6.2M
EngineeringNational Science Foundation · ALN 47.041 · Direct and through Rutgers University and 1 more$4.4M
Basic and Applied Scientific ResearchDepartment of Defense · ALN 12.300 · Direct and through Tufts University$4.3M
Plus 70 smaller programs.
The auditor reported 1 finding.
Year ending Jun 2022 · $114.1M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$27.7M
Federal Perkins Loan ProgramDepartment of Education · ALN 84.038 · Direct$14.1M
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$13.6M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$5.5M
Mathematical and Physical SciencesNational Science Foundation · ALN 47.049 · Direct and through University of California and 1 more$3.7M
Plus 63 smaller programs.
The auditor reported 2 findings.
By the numbers
The FY2025 990, line by line.
Download 990
1The main four
Money inPt VIII
$737.2M
Ln 12
Fees for servicesLn 2g$513.2M
Gifts and grantsLn 1h$144.5M
Investment incomeLn 3$78.0M
Money outPt IX
$732.5M
Ln 25
Programscol B$644.2M
Managementcol C$78.4M
Fundraisingcol D$10.0M
Owns and owesPt X
$969.1M
net assets · Ln 32
Cash and savingsLn 1–2$7.8M
Total assetsLn 16$1.8B
LiabilitiesLn 26$785.4M
PeoplePt VI, VII
45
listed · VII A
PaidVII A22
Voting boardVI 1a22
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$144.5M
Government grantsLn 1e$70.3M
Noncash giftsLn 1g$5.4M
Fees for servicesLn 2g$513.2M
Investment incomeLn 3$78.0M
Other incomeLn 4–11$1.5M
Gains on assetsLn 7$57.6M
Total revenueLn 12$737.2M
Assets in detailPt X, end of year
SavingsLn 2$7.8M
Cash and savings togetherLn 1–2$7.8M
Pledges and grants receivableLn 3$38.6M
Accounts receivableLn 4$9.0M
Inventories for sale or useLn 8$730K
Prepaid expenses and deferred chargesLn 9$17.7M
Land, buildings, equipmentLn 10c$600.5M
InvestmentsLn 11–13$1.04B
Other assetsLn 15$39.9M
Total assetsLn 16$1.8B
LiabilitiesLn 26$785.4M
Net assetsLn 32$969.1M
OperationsPt I, VI
EmployeesI 55,136
VolunteersI 61,874
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$333.3M
Bond issues listedSch K Pt I3
Raised by those issuesSch K Pt I$355.2M
Abroad and in kindSch F, M
Grants to other countriesSch F Pt II–III$260K
Noncash gifts receivedSch M Pt I$5.4M
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$3.3M
Share of the $1.03B endowmentSch D 1g0.33%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
| Line | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| End of yearLn 1g | $1.03B | $1.00B | $925.9M | $868.6M | $1.07B |
| AddedLn 1b | $19.3M | $9.1M | $6.6M | $17.5M | $18.9M |
| SpentLn 1d–1f | $118.4M | $49.1M | $42.0M | $33.8M | $33.6M |
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $6.9M | $7.8M |
| InvestmentsLn 11–13 | $1.02B | $1.04B |
| Land, buildings, equipmentLn 10c | $607.0M | $600.5M |
| Total assetsLn 16 | $1.73B | $1.75B |
| LiabilitiesLn 26 | $815.2M | $785.4M |
| Net assetsLn 32 | $916.3M | $969.1M |
5Every line
Statement of functional expensesPt IX · every line
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $7.4M | $7.4M | ||
| Grants to domestic individualsLn 2 | $282.9M | $282.9M | ||
| Grants and assistance to foreign recipientsLn 3 | $260K | $260K | ||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $7.8M | $2.9M | $4.4M | $541K |
| Other salaries and wagesLn 7 | $193.1M | $163.2M | $24.7M | $5.3M |
| Pension plan contributionsLn 8 | $13.0M | $9.4M | $3.6M | |
| Other employee benefitsLn 9 | $29.3M | $22.9M | $4.6M | $1.8M |
| Payroll taxesLn 10 | $12.4M | $9.9M | $2.5M | |
| Legal feesLn 11b | $3.0M | $3.0M | ||
| Accounting feesLn 11c | $371K | $371K | ||
| Professional fundraising feesLn 11e | $224K | $224K | ||
| Investment management feesLn 11f | $3.3M | $3.3M | ||
| Other fees for servicesLn 11g | $39.5M | $28.8M | $9.5M | $1.2M |
| Advertising and promotionLn 12 | $557K | $465K | $92K | $647 |
| Office expensesLn 13 | $9.6M | $8.7M | $813K | $139K |
| Information technologyLn 14 | $21.8M | $20.2M | $1.5M | $97K |
| OccupancyLn 16 | $30.9M | $24.5M | $6.4M | $61K |
| TravelLn 17 | $7.0M | $5.7M | $851K | $485K |
| Conferences, conventions and meetingsLn 19 | $849K | $760K | $64K | $25K |
| InterestLn 20 | $22.6M | $19.4M | $3.2M | |
| Depreciation, depletion and amortizationLn 22 | $31.5M | $26.9M | $4.6M | |
| InsuranceLn 23 | $7.6M | $4.1M | $3.5M | $2K |
| Other expenses (24a–d)Ln 24 | $5.7M | $4.6M | $888K | $191K |
| All other expensesLn 24e | $1.8M | $1.2M | $609K | $6K |
| Total functional expensesLn 25 | $732.5M | $644.2M | $78.4M | $10.0M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS May 15, 2026 | $737.2M | $732.5M | $4.7M | $969.1M | 990 PDF |
| FY2024Filed with the IRS May 15, 2025 | $709.4M | $703.2M | $6.2M | $916.3M | 990 PDF |
| FY2023Filed with the IRS May 15, 2024 | $666.6M | $642.6M | $24.0M | $843.2M | 990 PDF |
| FY2022 | $703.2M | $582.2M | $121.0M | $751.7M | 990 PDF |
| FY2021Filed with the IRS May 16, 2022 | $616.6M | $562.6M | $53.9M | $932.4M | 990 PDF |
| FY2020Filed with the IRS May 17, 2021 | $653.0M | $619.3M | $33.7M | $521.9M | 990 PDF |
Schedules filed Part IV
A · Public support
B · Donors
C · Political and lobbying
D · Assets and endowments
E · Schools
F · Foreign
G · Fundraising
I · Grants
J · Pay
K · Bonds
M · Noncash
O · Explanations
R · Related orgs
See the full FY2025 990
Part I · Summary $737,196,871 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $129,949,555$144,480,567
I-9 Program service revenuePrior year $514,495,123$513,224,949
I-10 Investment incomePrior year $63,350,748$78,041,272
I-11 Other revenuePrior year $1,651,019$1,450,083
I-12 Total revenuePrior year $709,446,445$737,196,871
I-13 Grants and similar amounts paidPrior year $289,617,738$290,512,215
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $233,962,466$255,598,600
I-16a Professional fundraising feesPrior year $198,700$224,326
I-17 Other expensesPrior year $179,424,342$186,188,610
I-18 Total expensesPrior year $703,203,246$732,523,751
I-19 Revenue less expensesPrior year $6,243,199$4,673,120
Part VI · Governance 22 of 22 board members independent, no flags
VI-1a Voting members of the governing body22
VI-1b Independent voting members22
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $737,196,871 across 11 lines filed
Lines not itemized here account for $30,886 of total revenue; see the IRS return.
VIII-1e Government grants$70,310,488
VIII-1f All other contributions, gifts and grants$74,170,079
VIII-1g Noncash contributions (included above)$5,441,843
VIII-1h Total contributions, gifts and grants$144,480,567
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $513,224,949$513,224,949
VIII-3 Investment incomeExcluded from tax $20,438,502$20,438,502
VIII-5 RoyaltiesExcluded from tax $1,169,519$1,169,519
VIII-6 Net rental income or lossUnrelated business $178,759 · Excluded from tax $50,919$229,678
VIII-7 Net gain or loss on sales of assetsRelated to mission $268,858 · Unrelated business $949,027 · Excluded from tax $56,384,885$57,602,770
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $20,000$20,000
VIII-12 Total revenueRelated to mission $513,524,693 · Unrelated business $1,147,786 · Excluded from tax $78,043,825$737,196,871
Part IX · Statement of functional expenses $732,523,751 across 24 lines filed
IX-1 Grants to domestic organizationsPrograms $7,380,305$7,380,305
IX-2 Grants to domestic individualsPrograms $282,872,043$282,872,043
IX-3 Grants and assistance to foreign recipientsPrograms $259,867$259,867
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $2,919,828 · Management $4,379,743 · Fundraising $541,241$7,840,812
IX-7 Other salaries and wagesPrograms $163,170,788 · Management $24,651,466 · Fundraising $5,253,269$193,075,523
IX-8 Pension plan contributionsPrograms $9,405,966 · Management $3,566,333$12,972,299
IX-9 Other employee benefitsPrograms $22,936,341 · Management $4,613,268 · Fundraising $1,756,947$29,306,556
IX-10 Payroll taxesPrograms $9,927,099 · Management $2,476,311$12,403,410
IX-11b Legal feesManagement $2,968,742$2,968,742
IX-11c Accounting feesManagement $370,894$370,894
IX-11e Professional fundraising feesFundraising $224,326$224,326
IX-11f Investment management feesManagement $3,347,519$3,347,519
IX-11g Other fees for servicesPrograms $28,819,629 · Management $9,527,103 · Fundraising $1,171,302$39,518,034
IX-12 Advertising and promotionPrograms $464,894 · Management $91,616 · Fundraising $647$557,157
IX-13 Office expensesPrograms $8,683,706 · Management $813,084 · Fundraising $138,979$9,635,769
IX-14 Information technologyPrograms $20,236,333 · Management $1,496,254 · Fundraising $97,488$21,830,075
IX-16 OccupancyPrograms $24,471,940 · Management $6,364,204 · Fundraising $61,226$30,897,370
IX-17 TravelPrograms $5,670,432 · Management $851,141 · Fundraising $485,025$7,006,598
IX-19 Conferences, conventions and meetingsPrograms $760,154 · Management $63,923 · Fundraising $25,223$849,300
IX-20 InterestPrograms $19,383,380 · Management $3,228,710$22,612,090
IX-22 Depreciation, depletion and amortizationPrograms $26,873,790 · Management $4,589,017$31,462,807
IX-23 InsurancePrograms $4,118,183 · Management $3,492,056 · Fundraising $1,662$7,611,901
IX-24 Other expenses (24a–d)Programs $4,638,265 · Management $887,700 · Fundraising $191,091$5,717,056
IX-24e All other expensesPrograms $1,188,400 · Management $609,335 · Fundraising $5,563$1,803,298
IX-25 Total functional expensesPrograms $644,181,343 · Management $78,388,419 · Fundraising $9,953,989$732,523,751
Part X · Balance sheet $1,754,467,322 assets, 25 lines filed
X-2 Savings and temporary cash investmentsStart of year $6,922,267$7,843,069
X-3 Pledges and grants receivableStart of year $31,816,102$38,552,554
X-4 Accounts receivableStart of year $8,601,818$9,006,802
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-8 Inventories for sale or useStart of year $755,918$730,012
X-9 Prepaid expenses and deferred chargesStart of year $17,436,201$17,748,237
X-10c Land, buildings and equipment, netStart of year $606,991,850$600,528,697
X-11 Publicly traded securitiesStart of year $557,117,214$447,142,580
X-12 Other securitiesStart of year $457,468,987$591,263,056
X-13 Program-related investmentsStart of year $3,440,247$1,756,092
X-15 Other assetsStart of year $40,958,542$39,896,223
X-16 Total assetsStart of year $1,731,509,146$1,754,467,322
X-17 Accounts payable and accrued expensesStart of year $54,144,470$58,322,859
X-19 Deferred revenueStart of year $42,433,877$41,650,393
X-20 Tax-exempt bond liabilitiesStart of year $351,190,113$333,327,853
X-22 Loans from officers and insidersStart of year $0$0
X-23 Secured mortgages and notes payableStart of year $14,651,938$13,884,245
X-24 Unsecured notes and loans payableStart of year $256,885,362$243,700,813
X-25 Other liabilitiesStart of year $95,868,180$94,528,287
X-26 Total liabilitiesStart of year $815,173,940$785,414,450
X-27 Net assets without donor restrictionsStart of year $59,422,480$25,056,597
X-28 Net assets with donor restrictionsStart of year $856,912,726$943,996,275
X-32 Total net assets or fund balancesStart of year $916,335,206$969,052,872
X-33 Total liabilities and net assetsStart of year $1,731,509,146$1,754,467,322
Part XI · Reconciliation of net assets $969,052,872 net assets at year end
XI-1 Total revenue$737,196,871
XI-2 Total expenses$732,523,751
XI-3 Revenue less expenses$4,673,120
XI-4 Net assets at start of year$916,335,206
XI-5 Net unrealized gains (losses) on investments$39,878,346
XI-6 Donated services and use of facilities$687,500
XI-9 Other changes in net assets$7,478,700
XI-10 Net assets at end of year$969,052,872
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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