Polytechnic Institute of New York University

Overview

Mission

Polytechnic institute of nyu is a private co-educational institution founded in 1854, offering b.s., m.s. And phd programs in engineering and technology, applied sciences and management.

What it reported doing in 2013

Instruction and research including activities serving students at undergraduate through doctoral level in engineering and applied sciences.

Operating model

Revenue model
Earned-program. 92% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 55% for direct work, and 45% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

Nonprofit profile at a glance

EIN
111630820
IRS 990 coverage
2009–2013
Forms available
Form 990 2013
Headquarters
Brooklyn, NY, USA
Phone
7182604000
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
University or Technological Institute

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 73
  • Accountability: 87
  • Sustainability: 46
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 63.8%; rating input score 64
  • Program expense ratio: 89.8%; rating input score 90
  • Fundraising efficiency: $11.01 raised per $1 spent on fundraising; rating input score 58; 58th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 67th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 84.6%; rating input score 85; 39th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 36.9%; rating input score 96; 96th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 5.9%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -3.2% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: -21.7% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 63.8% of revenue deployed · 89.8% of spending went to programs
  • Governance: 22 of 26 board members independent · 8 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $58.4M in reported program spending
  • Leadership: top reported pay $1.6M · 40 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2.1M reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 12 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 5 annual filings from 2009 to 2013
  • Contacts: How to reach this organization
  • Money network: 12 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

40 people listed

Highest reported compensation

  • JOHN SEXTON (EX-OFFICIO TRUSTEE): $1,553,192 total reported compensation
  • BONNIE BRIER (EX-OFFICIO TRUSTEE): $708,160 total reported compensation
  • DAVID MCLAUGHLIN (EX-OFFICIO TRUSTEE): $678,615 total reported compensation

Source: IRS Form 990. Selected filing: FY2013.