You’re viewing the FY2021 filing — not the latest on file.
See the latest (FY2025) →
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
41 people listed on the 990; $11.7M paid to officers and key staff.
Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$4,197,754Pt VII · Sec A
Vice President
$1,130,016Pt VII · Sec A
Provost
$519,839Pt VII · Sec A
Vice President
$473,393Pt VII · Sec A
Vice President
$452,908Pt VII · Sec A
Vice President
$447,500Pt VII · Sec A
Vice President
$444,465Pt VII · Sec A
Secretary
$416,387Pt VII · Sec A
Vice President
$402,801Pt VII · Sec A
Professor
$383,635Pt VII · Sec A
Professor
$373,978Pt VII · Sec A
Dean, School of Engineering
$373,734Pt VII · Sec A
Acting Dean
$367,116Pt VII · Sec A
Vice President
$363,010Pt VII · Sec A
Professor
$358,303Pt VII · Sec A
Professor
$354,317Pt VII · Sec A
Vice President
$338,906Pt VII · Sec A
Vice President
$301,263Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
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$0Pt VII · Sec A
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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 · $464.7M · in their own filed words · FY2020
01
Instructionnumber of Students Enrolled
Undergraduate 6,265 Graduate 1,324
$185.1Mprogram expense
02
SCHOLARSHIP & FELLOWSHIPNumber of undergraduate students on scholarship: 4,775Number of graduate students on scholarships/fellowships: 1,276
$183.6Mprogram expense
03
Researchnumber of Active Research Projects
646
$96.0Mprogram 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 FY2021 990, line by line.
Download 990
1The main four
Money inPt VIII
$616.6M
Ln 12
Fees for servicesLn 2g$542.7M
Investment incomeLn 3$36.5M
Gifts and grantsLn 1h$36.0M
Money outPt IX
$562.6M
Ln 25
Programscol B$497.5M
Managementcol C$61.3M
Fundraisingcol D$3.9M
Owns and owesPt X
$932.4M
net assets · Ln 32
Cash and savingsLn 1–2$50.9M
Total assetsLn 16$1.9B
LiabilitiesLn 26$980.7M
PeoplePt VI, VII
41
listed · VII A
PaidVII A18
Voting boardVI 1a23
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$36.0M
Noncash giftsLn 1g$5.4M
Fees for servicesLn 2g$542.7M
Investment incomeLn 3$36.5M
Other incomeLn 4–11$1.4M
Gains on assetsLn 7$20.8M
Total revenueLn 12$616.6M
Assets in detailPt X, end of year
SavingsLn 2$50.9M
Cash and savings togetherLn 1–2$50.9M
Pledges and grants receivableLn 3$53.0M
Accounts receivableLn 4$10.2M
Inventories for sale or useLn 8$672K
Prepaid expenses and deferred chargesLn 9$3.9M
Land, buildings, equipmentLn 10c$655.7M
InvestmentsLn 11–13$1.09B
Other assetsLn 15$44.8M
Total assetsLn 16$1.9B
LiabilitiesLn 26$980.7M
Net assetsLn 32$932.4M
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$400.4M
Bond issues listedSch K Pt I2
Raised by those issuesSch K Pt I$335.2M
Abroad and in kindSch F, M
Grants to other countriesSch F Pt II–III$307K
Noncash gifts receivedSch M Pt I$5.4M
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$1.3M
Share of the $1.07B endowmentSch D 1g0.12%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
| Line | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|
| End of yearLn 1g | $1.07B | $744.8M | $746.8M | $727.0M | $693.6M |
| Given inLn 1b | $18.9M | $12.4M | $27.2M | $13.8M | $9.9M |
| SpentLn 1d–1f | $33.6M | $32.3M | $31.9M | $40.2M | $40.3M |
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $23.8M | $50.9M |
| InvestmentsLn 11–13 | $759.6M | $1.09B |
| Land, buildings, equipmentLn 10c | $683.0M | $655.7M |
| Total assetsLn 16 | $1.60B | $1.91B |
| LiabilitiesLn 26 | $1.08B | $980.7M |
| Net assetsLn 32 | $521.9M | $932.4M |
5Every line
Statement of functional expensesPt IX · every line
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $8.9M | $8.9M | ||
| Grants to domestic individualsLn 2 | $226.8M | $226.8M | ||
| Grants and assistance to foreign recipientsLn 3 | $307K | $307K | ||
| Benefits paid to or for membersLn 4 | $0 | |||
| Pay of current officers, directors and key staffLn 5 | $11.7M | $4.5M | $6.7M | $515K |
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $147.3M | $130.9M | $14.3M | $2.1M |
| Pension plan contributionsLn 8 | $9.9M | $5.8M | $4.0M | |
| Other employee benefitsLn 9 | $17.5M | $14.9M | $1.9M | $777K |
| Payroll taxesLn 10 | $9.4M | $7.6M | $1.8M | |
| Management feesLn 11a | $0 | |||
| Legal feesLn 11b | $3.2M | $3.2M | ||
| Accounting feesLn 11c | $256K | $256K | ||
| Lobbying feesLn 11d | $0 | |||
| Professional fundraising feesLn 11e | $42K | $42K | ||
| Investment management feesLn 11f | $1.3M | $1.3M | ||
| Other fees for servicesLn 11g | $21.4M | $16.7M | $4.5M | $116K |
| Advertising and promotionLn 12 | $124K | $60K | $63K | $147 |
| Office expensesLn 13 | $9.3M | $6.2M | $3.1M | |
| Information technologyLn 14 | $4.1M | $2.9M | $1.0M | $126K |
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $22.5M | $16.6M | $5.9M | $56K |
| TravelLn 17 | $188K | $103K | $13K | $72K |
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $181K | $168K | $11K | $2K |
| InterestLn 20 | $25.6M | $22.1M | $3.5M | |
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $30.2M | $24.8M | $5.4M | |
| InsuranceLn 23 | $6.0M | $3.1M | $2.9M | $38 |
| Other expenses (24a–d)Ln 24 | $6.5M | $5.0M | $1.4M | $60K |
| All other expensesLn 24e | $0 | |||
| Total functional expensesLn 25 | $562.6M | $497.5M | $61.3M | $3.9M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled 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 |
| FY2021 ViewingFiled 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
III · Programs
R · Related orgs
G · Fundraising
L · Interested persons
I · Grants
A · Public support
F · Foreign
M · Noncash
J · Pay
O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $616,594,821 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $30,104,177$35,985,632
I-9 Program service revenuePrior year $599,010,631$542,736,314
I-10 Investment incomePrior year $23,657,671$36,450,684
I-11 Other revenuePrior year $274,699$1,422,191
I-12 Total revenuePrior year $653,047,178$616,594,821
I-13 Grants and similar amounts paidPrior year $229,703,901$235,972,109
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $220,199,088$195,793,399
I-16a Professional fundraising feesPrior year $62,072$42,000
I-17 Other expensesPrior year $169,377,461$130,842,390
I-18 Total expensesPrior year $619,342,522$562,649,898
I-19 Revenue less expensesPrior year $33,704,656$53,944,923
Part VI · Governance 23 of 23 board members independent, no flags
VI-1a Voting members of the governing body23
VI-1b Independent voting members23
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 $616,594,821 across 10 lines filed
Lines not itemized here account for $58,855 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$35,985,632
VIII-1g Noncash contributions (included above)$5,371,794
VIII-1h Total contributions, gifts and grants$35,985,632
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $542,736,314$542,736,314
VIII-3 Investment incomeRelated to mission $2,681,662 · Excluded from tax $12,962,850$15,644,512
VIII-5 RoyaltiesExcluded from tax $915,332$915,332
VIII-6 Net rental income or lossUnrelated business $448,004$448,004
VIII-7 Net gain or loss on sales of assetsRelated to mission −$359,364 · Unrelated business −$22,450 · Excluded from tax $21,187,986$20,806,172
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $545,117,467 · Unrelated business $425,554 · Excluded from tax $35,066,168$616,594,821
Part IX · Statement of functional expenses $562,649,898 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $8,888,448$8,888,448
IX-2 Grants to domestic individualsPrograms $226,776,349$226,776,349
IX-3 Grants and assistance to foreign recipientsPrograms $307,312$307,312
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $4,473,915 · Management $6,710,872 · Fundraising $514,539$11,699,326
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $130,885,121 · Management $14,329,548 · Fundraising $2,099,245$147,313,914
IX-8 Pension plan contributionsPrograms $5,839,683 · Management $4,038,372$9,878,055
IX-9 Other employee benefitsPrograms $14,852,911 · Management $1,888,431 · Fundraising $776,795$17,518,137
IX-10 Payroll taxesPrograms $7,628,543 · Management $1,755,424$9,383,967
IX-11a Management fees$0
IX-11b Legal feesManagement $3,224,645$3,224,645
IX-11c Accounting feesManagement $256,284$256,284
IX-11d Lobbying fees$0
IX-11e Professional fundraising feesFundraising $42,000$42,000
IX-11f Investment management feesManagement $1,277,998$1,277,998
IX-11g Other fees for servicesPrograms $16,746,749 · Management $4,546,073 · Fundraising $116,398$21,409,220
IX-12 Advertising and promotionPrograms $60,232 · Management $63,356 · Fundraising $147$123,735
IX-13 Office expensesPrograms $6,201,996 · Management $3,108,607$9,310,603
IX-14 Information technologyPrograms $2,928,845 · Management $1,038,742 · Fundraising $125,502$4,093,089
IX-15 Royalties$0
IX-16 OccupancyPrograms $16,627,475 · Management $5,865,635 · Fundraising $55,538$22,548,648
IX-17 TravelPrograms $103,211 · Management $13,004 · Fundraising $72,257$188,472
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $168,147 · Management $11,476 · Fundraising $1,543$181,166
IX-20 InterestPrograms $22,069,500 · Management $3,518,758$25,588,258
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $24,822,150 · Management $5,360,319$30,182,469
IX-23 InsurancePrograms $3,084,281 · Management $2,894,321 · Fundraising $38$5,978,640
IX-24 Other expenses (24a–d)Programs $5,005,016 · Management $1,414,622 · Fundraising $59,525$6,479,163
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $497,469,884 · Management $61,316,487 · Fundraising $3,863,527$562,649,898
Part X · Balance sheet $1,913,143,793 assets, 27 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $23,760,030$50,939,284
X-3 Pledges and grants receivableStart of year $71,507,659$53,027,436
X-4 Accounts receivableStart of year $8,130,375$10,183,622
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or useStart of year $690,076$672,250
X-9 Prepaid expenses and deferred chargesStart of year $6,873,255$3,898,484
X-10c Land, buildings and equipment, netStart of year $683,010,514$655,743,527
X-11 Publicly traded securitiesStart of year $415,064,257$565,395,088
X-12 Other securitiesStart of year $325,991,928$515,478,131
X-13 Program-related investmentsStart of year $18,538,342$13,006,594
X-14 Intangible assets$0
X-15 Other assetsStart of year $45,277,377$44,799,377
X-16 Total assetsStart of year $1,598,843,813$1,913,143,793
X-17 Accounts payable and accrued expensesStart of year $167,462,562$108,369,926
X-19 Deferred revenueStart of year $56,853,385$52,570,224
X-20 Tax-exempt bond liabilitiesStart of year $418,022,318$400,413,534
X-23 Secured mortgages and notes payableStart of year $17,307,784$16,671,739
X-24 Unsecured notes and loans payableStart of year $322,875,470$308,692,250
X-25 Other liabilitiesStart of year $94,437,057$94,001,174
X-26 Total liabilitiesStart of year $1,076,958,576$980,718,847
X-27 Net assets without donor restrictionsStart of year −$134,977,774$60,070,152
X-28 Net assets with donor restrictionsStart of year $656,863,011$872,354,794
X-32 Total net assets or fund balancesStart of year $521,885,237$932,424,946
X-33 Total liabilities and net assetsStart of year $1,598,843,813$1,913,143,793
Part XI · Reconciliation of net assets $932,424,946 net assets at year end
XI-1 Total revenue$616,594,821
XI-2 Total expenses$562,649,898
XI-3 Revenue less expenses$53,944,923
XI-4 Net assets at start of year$521,885,237
XI-5 Net unrealized gains (losses) on investments$286,625,777
XI-9 Other changes in net assets$69,969,009
XI-10 Net assets at end of year$932,424,946
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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