Rensselaer Polytechnic Institute

EIN: 141340095 501(c)(3) Education

TROY, NY

Total Revenue
$666,573,071
Total Expenses
$642,598,495
Total Assets
$1,697,301,020
Net Assets
$843,205,299
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1824
Legal Domicile
NY
Phone
5182766426
Tax Period
2022-07-01 to 2023-06-30

Rensselaer Polytechnic Institute, founded in 1824, is a major nonprofit in the Education sector that reported $666.6M in total revenue in fiscal year 2022. Revenue decreased 5% compared to the prior year. Expenses of $642.6M left a modest 4% surplus.

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.

Program Service Accomplishments

Program 1
Expenses: $220,381,534

Scholarships and Fellowships. Number of undergraduate students on scholarship: 5564 Number of graduate students on scholarships/fellowships: 1145

Program 2
Expenses: $209,754,171 Revenue: $481,907,662

Instruction Number of students enrolled: Undergraduate: 5853 Graduate: 1164 Special: 47

Program 3
Expenses: $92,398,381 Revenue: $79,715,329

Research Number of active research projects: 547

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $43,150,247
Program Service Revenue $573,154,872
Investment Income $49,374,793
Other Revenue $893,159
TOTAL REVENUE $666,573,071

Expense Breakdown

Grants Paid $267,727,101
Salaries & Benefits $213,638,058
Fundraising Expenses $5,606,622
Program Expenses $577,613,426
Other Expenses $161,129,256
TOTAL EXPENSES $642,598,495

Year-over-Year Comparison

2022 2021 Change
Revenue $666,573,071 $703,187,253 -0.1%
Expenses $642,598,495 $582,168,465 +0.1%
Net Income $23,974,576 $121,018,788 -0.8%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
19
Independent Members
19
Employees
4750
Volunteers
1803

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
12
$5,187,677
Total Directors
24
$0
Key Employees
1
$445,321
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Trustee 2.0
Director
$0 $0 $0
N/A Trustee 2.0
Director
$0 $0 $0
N/A Trustee 2.0
Director
$0 $0 $0
N/A Trustee 2.0
Director
$0 $0 $0
N/A Trustee 2.0
Director
$0 $0 $0
N/A Trustee 2.0
Director
$0 $0 $0
N/A Trustee 2.0
Director
$0 $0 $0
N/A Trustee 2.0
Director
$0 $0 $0
N/A Trustee 2.0
Director
$0 $0 $0
N/A Trustee 2.0
Director
$0 $0 $0
N/A Trustee 2.0
Director
$0 $0 $0
N/A Trustee 2.0
Director
$0 $0 $0
N/A Trustee 2.0
Director
$0 $0 $0
N/A Trustee 2.0
Director
$0 $0 $0
N/A Trustee 2.0
Director
$0 $0 $0
N/A Trustee 2.0
Director
$0 $0 $0
N/A Trustee 2.0
Director
$0 $0 $0
N/A Ex-Officio Member 2.0
Director
$0 $0 $0
N/A Trustee 2.0
Director
$0 $0 $0
N/A Trustee 2.0
Director
$0 $0 $0
N/A Trustee 2.0
Director
$0 $0 $0
N/A Trustee 2.0
Director
$0 $0 $0
N/A Trustee 2.0
Director
$0 $0 $0
N/A Trustee 2.0
Director
$0 $0 $0
N/A Secretary and General Counsel 40.0
Officer
$489,893 $41,462 $531,355
N/A Vice President for Human Resources (Till 12/31/2022) 50.0
Officer
$590,273 $40,391 $630,664
N/A Vice President for Finance and CFO 40.0
Officer
$442,630 $61,073 $503,703
N/A VP of the Division of Administration 40.0
Officer
$232,248 $20,928 $253,176
N/A Vice President for Institute Advancement 45.0
Officer
$693,015 $50,611 $743,626
N/A Vice President for Information Services & CTO 40.0
Officer
$497,626 $39,082 $536,708
N/A Vice President for Enrollment 40.0
Officer
$379,577 $32,973 $412,550
N/A President 55.0
Officer
$530,942 $32,272 $563,214
N/A VP of Institute Advancement 40.0
Officer
$36,000 $0 $36,000
N/A Vice President for Student Life 45.0
Officer
$307,055 $39,062 $346,117
N/A Provost (till 12/31/2022) 45.0
Officer
$580,896 $41,168 $622,064
N/A VP and Chief Strategy Officer for Institutional Impact 40.0
Officer
$8,500 $0 $8,500
N/A Dean, School of Engineering 40.0
Key Emp
$398,936 $46,385 $445,321
N/A Professor 40.0
Highest
$370,263 $39,378 $409,641
N/A Dean, School of Science 40.0
Highest
$380,866 $39,408 $420,274
N/A Acting Provost 40.0
Highest
$364,247 $31,519 $395,766
N/A Acting Dean, Lally School of Management 40.0
Highest
$392,307 $39,348 $431,655
N/A Vice President for Research 40.0
Highest
$360,604 $46,140 $406,744
N/A Former President 55.0
$2,466,713 $50,942 $2,517,655
N/A Professor and Special Assistant to the President for Research 45.0
$462,147 $38,889 $501,036
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $666,573,071 $642,598,495 $1,697,301,020 $23,974,576
2022 $703,187,253 $582,168,465 $1,667,282,381 $121,018,788
2021 $616,594,821 $562,649,898 $1,913,143,793 $53,944,923
2020 $653,047,178 $619,342,522 $1,598,843,813 $33,704,656
2019 $650,314,799 $593,266,333 $1,530,343,977 $57,048,466
2018 $591,700,082 $560,412,067 $1,502,541,025 $31,288,015
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