ESTABLISHED IN 1959, THE FOUNDATION IS A 501(C)(3) TAX-EXEMPT ORGANIZATION THAT RAISES, INVESTS, AND DISTRIBUTES PHILANTHROPIC GIFTS ON BEHALF OF NEW JERSEY INSTITUTE OF TECHNOLOGY (NJIT), THE STATE'S PUBLIC POLYTECHNIC UNIVERSITY. IN CONNECTING ALUMNI AND FRIENDS WITH NJIT'S INNOVATIVE PROGRAMS, RESEARCH-ACTIVE FACULTY, AND TALENTED AND HARDWORKING STUDENTS, THE FOUNDATION ADVANCES NJIT'S PURSUIT OF ITS MISSION OF EDUCATION, RESEARCH, SERVICE, AND ECONOMIC DEVELOPMENT.
Executive compensation
Form 990 · Part VII & Schedule J · 6 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Education organizations in New Jersey.
| Position | Total |
|---|---|
Secretary Officer (Unspecified) | $88k $99k |
Director Board Member Median to 75th percentile | $64k $72k |
President 25th percentile to median | $63k $71k |
Director Board Member Median to 75th percentile | $61k $68k |
Director Board Member Median to 75th percentile | $48k $54k |
Director (as of 7/23) Board Member 25th percentile to median | $22k $25k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 38 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at FOUNDATION AT NJ INSTITUTE OF TECHNOLOGY equaled 0.8% of the organization's total expenses. The median for education organizations is 7%.
Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 11%
from 2022
From $79k in 2022 to $88k in 2023.
Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Board Member pay fell 1% from 2022 to 2023, while revenue rose 16%.
- Chief Executive Officer pay rose 12% from 2022 to 2023.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about FOUNDATION AT NJ INSTITUTE OF TECHNOLOGY
What does the Board Member of FOUNDATION AT NJ INSTITUTE OF TECHNOLOGY earn?
In 2023, the Board Member of FOUNDATION AT NJ INSTITUTE OF TECHNOLOGY received $63,758 in total compensation. This pay is above the median (the midpoint) for Board Member roles among Education organizations in New Jersey, within the top half of comparable filings. Based on IRS Form 990 data.
How does Board Member pay at FOUNDATION AT NJ INSTITUTE OF TECHNOLOGY compare with similar nonprofits?
Compared with the same role at Education organizations in New Jersey, the 2023 pay of the Board Member at FOUNDATION AT NJ INSTITUTE OF TECHNOLOGY falls between the median and the 75th percentile. In 2023, the highest total compensation at FOUNDATION AT NJ INSTITUTE OF TECHNOLOGY equaled 0.8% of the organization's total expenses. The median for education organizations is 7%.
What are FOUNDATION AT NJ INSTITUTE OF TECHNOLOGY's revenue and expenses?
In 2023, FOUNDATION AT NJ INSTITUTE OF TECHNOLOGY reported $16.4M in total revenue and $11.5M in total expenses on its IRS Form 990.
Compare any role, sector, or revenue band
Build your own benchmark from millions of reported positions.
Learn More About Nonprofit Compensation
Guides to help you understand and use this data
Nonprofit Executive Director Salary
What nonprofit executive directors earn, what drives the number, and how to use public compensation data whether you are a candidate, a current ED, or a board member.
Read moreHow to Look Up Nonprofit Salaries
Two approaches to finding executive compensation at any tax-exempt organization, from raw IRS filings to searchable databases.
Read moreAre Nonprofit Salaries Public?
What IRS Form 990 discloses about executive compensation, who has to report it, and how to look it up.
Read more