Nonprofit · EIN 11-1788788
NEW YORK INSTITUTE OF TECHNOLOGY
Tax-exempt · OLD WESTBURY, NY 11568
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $381,995,828 | $369,691,908 | $12,303,920 | $588,419,128 | $307,422,520 | $280,996,608 |
| June 30, 2024 | 990 | $381,498,402 | $366,369,094 | $15,129,308 | $586,710,960 | $327,591,757 | $259,119,203 |
| June 30, 2023 | 990 | $352,214,770 | $342,435,250 | $9,779,520 | $440,803,344 | $206,006,233 | $234,797,111 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $9,008,972
- of which government grants
- $2,771,543
- Program service revenue
- $354,084,547
- Investment income
- $8,496,099
- Royalties
- $197
- Net rental income
- $46,250
- Net gain from sales of assets
- $2,765,300
- Net income from fundraising events
- -$13,923
- Other revenue
- $10,406,210
Expenses
- Grants and similar amounts paid
- $86,063,839
- Compensation of officers, directors and key employees
- $3,054,262
- Other salaries and wages
- $127,840,624
- Salaries, compensation and benefits (total)
- $171,027,562
- Professional fundraising fees
- $58,323
- Legal fees
- $377,701
- Accounting fees
- $179,934
- Occupancy
- $31,332,432
- Travel
- $1,977,244
- Depreciation
- $15,509,004
- Program services (functional)
- $350,269,586
- Management and general (functional)
- $16,833,420
- Fundraising (functional)
- $2,588,902
Balance sheet and other
- Total assets, start of year
- $586,710,960
- Total assets, end of year
- $588,419,128
- Total liabilities, end of year
- $307,422,520
- Net assets, end of year
- $280,996,608
- Land, buildings and equipment
- $204,708,455
- Publicly traded securities
- $137,339,389
- Net assets without donor restrictions
- $263,281,830
- Net assets with donor restrictions
- $17,714,778
- Gross unrelated business income
- $2,274,102
- Gross receipts
- $529,229,190
- Employees
- 2,754
- Volunteers
- 0
- Year formed
- 1955
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR HENRY FOLEY | PRESIDENT (THRU 06/30/2025) Trustee or director, Officer | 60 | $1,534,600 | $51,583 |
| JERRY BALENTINE | PROVOST & EXECUTIVE VICE PRESIDENT Key employee | 40 | $771,043 | $78,447 |
| CATHERINE FLICKINGER | VP HR, GEN. COUNSEL & SECRETARY Officer | 40 | $492,893 | $61,933 |
| NICOLE WADSWORTH | DEAN, COLLEGE OF OSTEOPATHIC MED. Key employee | 40 | $486,336 | $68,097 |
| SHANE SPEIGHTS | SITE DEAN, COLLEGE OF OSTEOPATHIC MED. Highest-paid employee | 40 | $444,202 | $75,719 |
| BARBARA J HOLAHAN | VP FIN. AFFAIRS, CFO/TREASURER Officer | 40 | $448,834 | $61,248 |
| JOSEPH POSILLICO | VP FOR ENROLL MGMT/STRATEGIC COMM. Key employee | 40 | $424,186 | $63,617 |
| PENNIE TURGEON | VP OF IT & CIO Highest-paid employee | 40 | $438,247 | $26,231 |
| BABAK DASTGHEIB-BEHESHTI | DEAN ENGINEERING SCHOOL Key employee | 40 | $391,290 | $58,805 |
| ANTHONY GERDES | PROFESSOR Highest-paid employee | 40 | $367,184 | $62,753 |
| PATRICK MINSON | VP DEV. & ALUM. RELATIONS & EXT AFF. Highest-paid employee | 40 | $382,415 | $25,350 |
| MARIA RITA PERBELLINI | DEAN, SCHOOL OF ARCHITECTURE/DESIGN Highest-paid employee | 40 | $349,151 | $27,590 |
| DONALD BOOTH | VP, CAPITAL PLANNING & FACILIITES Key employee | 40 | $313,679 | $61,642 |
| EILEEN VALERIO | CONTROLLER & ASSISTANT TREASURER Officer | 40 | $237,230 | $50,629 |
| PETER J ROMANO | CHAIRPERSON Trustee or director, Officer | 5 | $0 | $0 |
19 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAN FERRARA | VICE CHAIR Trustee or director, Officer | 5 | $0 |
| MICHAEL J MERLO | VICE CHAIR Trustee or director, Officer | 5 | $0 |
| CATHERINE ALLEN | TRUSTEE Trustee or director | 5 | $0 |
| ANDREW BERNER | TRUSTEE Trustee or director | 5 | $0 |
| HUMAYUN CHAUDHRY | TRUSTEE (AS OF 03/2025) Trustee or director | 5 | $0 |
| DOMENICK CHIECO | TRUSTEE Trustee or director | 5 | $0 |
| PETER FERENTINOS | TRUSTEE Trustee or director | 5 | $0 |
| ANGELA IANNACCI | TRUSTEE (AS OF 03/2025) Trustee or director | 5 | $0 |
| HENRY IERVOLINO | TRUSTEE Trustee or director | 5 | $0 |
| SANTHOSH KESHAVAN | TRUSTEE Trustee or director | 5 | $0 |
| JOHN KEVILLE | TRUSTEE Trustee or director | 5 | $0 |
| THOMAS VAN LAAN | TRUSTEE Trustee or director | 5 | $0 |
| TED MOUDIS | TRUSTEE Trustee or director | 5 | $0 |
| PATRICK O'SHAUGHNESSY | TRUSTEE Trustee or director | 5 | $0 |
| MONTE N REDMAN | TRUSTEE Trustee or director | 5 | $0 |
| DEBORAH VERDERAME | TRUSTEE (AS OF 03/2025) Trustee or director | 5 | $0 |
| DEBORAH VOGEL | TRUSTEE Trustee or director | 5 | $0 |
| ELI WACHTEL | TRUSTEE (THRU 08/2024) Trustee or director | 5 | $0 |
| ROBERT A WILD ESQ | TRUSTEE Trustee or director | 5 | $0 |
990 for the year ended June 30, 2024: 32 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR HENRY FOLEY | PRESIDENT Trustee or director, Officer | 60 | $1,285,176 | $47,267 |
| JERRY BALENTINE | PROVOST & EXECUTIVE VICE PRESIDENT Key employee | 40 | $757,388 | $69,993 |
| CATHERINE FLICKINGER | VP HR, GEN. COUNSEL & SECRETARY Officer | 40 | $484,283 | $58,295 |
| SHANE SPEIGHTS | SITE DEAN, COLLEGE OF OSTEOPATHIC MED. Highest-paid employee | 40 | $433,320 | $61,654 |
| BARBARA J HOLAHAN | VP FIN. AFFAIRS, CFO/TREASURER Officer | 40 | $439,714 | $55,239 |
| JOSEPH POSILLICO | VP FOR ENROLL MGMT/STRATEGIC COMM. Key employee | 40 | $417,822 | $59,780 |
| NICOLE WADSWORTH | DEAN, COLLEGE OF OSTEOPATHIC MED. Key employee | 40 | $408,753 | $61,404 |
| PATRICK MINSON | VP DEV. & ALUM. RELATIONS & EXT AFF. Highest-paid employee | 40 | $373,070 | $59,701 |
| PENNIE TURGEON | VP OF IT & CIO Highest-paid employee | 40 | $406,249 | $24,332 |
| ANTHONY GERDES | PROFESSOR Highest-paid employee | 40 | $348,263 | $58,332 |
| BABAK DASTGHEIB-BEHESHTI | DEAN ENGINEERING SCHOOL Key employee | 40 | $350,586 | $54,366 |
| NANCY BONO | ASSOC. DEAN CLINICAL REL. & OUTREACH /ASSOC. PROF Highest-paid employee | 40 | $315,116 | $72,327 |
| DONALD BOOTH | VP, CAPITAL PLANNING & FACILIITES Key employee | 40 | $308,223 | $44,064 |
| EILEEN VALERIO | CONTROLLER & ASSISTANT TREASURER Officer | 40 | $217,000 | $46,683 |
| PETER J ROMANO | CHAIRPERSON Trustee or director, Officer | 5 | $0 | $0 |
| DAN FERRARA | VICE CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| MICHAEL J MERLO | VICE CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| CATHERINE ALLEN | TRUSTEE Trustee or director | 5 | $0 | $0 |
| ANDREW BERNER | TRUSTEE Trustee or director | 5 | $0 | $0 |
| DOMENICK CHIECO | TRUSTEE Trustee or director | 5 | $0 | $0 |
| PHILLIP FASANO | TRUSTEE (THRU 09/2023) Trustee or director | 5 | $0 | $0 |
| PETER FERENTINOS | TRUSTEE Trustee or director | 5 | $0 | $0 |
| HENRY IERVOLINO | TRUSTEE Trustee or director | 5 | $0 | $0 |
| SANTHOSH KESHAVAN | TRUSTEE Trustee or director | 5 | $0 | $0 |
| JOHN KEVILLE | TRUSTEE Trustee or director | 5 | $0 | $0 |
| THOMAS VAN LAAN | TRUSTEE Trustee or director | 5 | $0 | $0 |
| TED MOUDIS | TRUSTEE Trustee or director | 5 | $0 | $0 |
| PATRICK O'SHAUGHNESSY | TRUSTEE Trustee or director | 5 | $0 | $0 |
| MONTE N REDMAN | TRUSTEE Trustee or director | 5 | $0 | $0 |
| DEBORAH VOGEL | TRUSTEE Trustee or director | 5 | $0 | $0 |
| ELI WACHTEL | TRUSTEE (AS OF 12/2023) Trustee or director | 5 | $0 | $0 |
| ROBERT A WILD ESQ | TRUSTEE Trustee or director | 5 | $0 | $0 |
990 for the year ended June 30, 2023: 32 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DR HENRY FOLEY | PRESIDENT Trustee or director, Officer | 60 | $1,360,942 | $42,697 |
| JERRY BALENTINE | PROVOST & EXECUTIVE VICE PRESIDENT Key employee | 40 | $753,206 | $46,425 |
| CATHERINE FLICKINGER | VP HR, GEN. COUNSEL & SECRETARY Officer | 40 | $480,931 | $51,847 |
| BARBARA J HOLAHAN | VP FIN. AFFAIRS, CFO/TREASURER Officer | 40 | $433,936 | $58,372 |
| SHANE SPEIGHTS | SITE DEAN, COLLEGE OF OSTEOPATHIC MED. Highest-paid employee | 40 | $438,590 | $52,119 |
| NICOLE WADSWORTH | DEAN, COLLEGE OF OSTEOPATHIC MED. Key employee | 40 | $425,721 | $55,322 |
| SUZANNE MUSHO THRU 1222 | VP OF REAL ESTATE DEV & SUST CAP Key employee | 40 | $450,329 | $21,474 |
| JOSEPH POSILLICO | VP FOR ENROLL MGMT/STRATEGIC COMM. Key employee | 40 | $395,120 | $52,029 |
| PATRICK MINSON | VP DEV. & ALUM. RELATIONS & EXT AFF. Highest-paid employee | 40 | $377,650 | $52,029 |
| ANTHONY GERDES | PROFESSOR Highest-paid employee | 40 | $342,992 | $54,286 |
| PENNIE TURGEON | VP OF IT & CIO Highest-paid employee | 40 | $375,545 | $21,350 |
| BABAK DASTGHEIB-BEHESHTI | DEAN ENGINEERING SCHOOL Key employee | 40 | $345,821 | $49,402 |
| MARIA PERBELLINI | DEAN, SCHOOL OF ARCHITECTURE/DESIGN Highest-paid employee | 40 | $324,841 | $55,322 |
| EILEEN VALERIO | CONTROLLER & ASSISTANT TREASURER Officer | 40 | $222,404 | $44,856 |
| PETER J ROMANO | CHAIRPERSON Trustee or director, Officer | 5 | $0 | $0 |
| DAN FERRARA | VICE CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| MICHAEL J MERLO | VICE CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| KEVIN D SILVA | TRUSTEE EMERITUS (NON-VOTING) Trustee or director | 5 | $0 | $0 |
| CATHERINE ALLEN | TRUSTEE Trustee or director | 5 | $0 | $0 |
| ANDREW BERNER | TRUSTEE Trustee or director | 5 | $0 | $0 |
| DOMENICK CHIECO | TRUSTEE Trustee or director | 5 | $0 | $0 |
| PHILLIP FASANO | TRUSTEE Trustee or director | 5 | $0 | $0 |
| PETER FERENTINOS | TRUSTEE Trustee or director | 5 | $0 | $0 |
| HENRY IERVOLINO | TRUSTEE Trustee or director | 5 | $0 | $0 |
| SANTHOSH KESHAVAN | TRUSTEE Trustee or director | 5 | $0 | $0 |
| JOHN KEVILLE | TRUSTEE (AS OF 06/23) Trustee or director | 5 | $0 | $0 |
| TOM VAN LAAN | TRUSTEE (AS OF 06/23) Trustee or director | 5 | $0 | $0 |
| TED MOUDIS | TRUSTEE Trustee or director | 5 | $0 | $0 |
| PATRICK O'SHAUGHNESSY | TRUSTEE Trustee or director | 5 | $0 | $0 |
| MONTE N REDMAN | TRUSTEE Trustee or director | 5 | $0 | $0 |
| DEBORAH VOGEL | TRUSTEE (AS OF 06/23) Trustee or director | 5 | $0 | $0 |
| ROBERT A WILD ESQ | TRUSTEE Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 8000, OLD WESTBURY, NY 11568-8000
- In care of
- % BARBARA HOLAHAN
- Principal officer (990 for 2024)
- JERRY BALENTINE, NORTHERN BLVD GERRY HOUSE, OLD WESTBURY, NY 11568
- Signed the 990
- BARBARA J HOLAHAN, VP FIN. AFFAIRS, CFO/TREASURER
- Phone
- (516) 686-7915
- Website
- WWW.NYIT.EDU
- Return prepared by
- GRANT THORNTON ADVISORS LLC
Mission
NEW YORK INSTITUTE OF TECHNOLOGY (NYIT) OFFERS VARIOUS DEGREE PROGRAMS, INCLUDING UNDERGRADUATE, GRADUATE, AND PROFESSIONAL DEGREES, IN MORE THAN 50 FIELDS OF STUDY, INCLUDING ARCHITECTURE AND DESIGN; ARTS AND SCIENCES; (CONTINUED ON SCHEDULE O)
Program accomplishments
- SEE SCHEDULE OExpenses $344,718,152 · grants $86,063,839 · revenue $349,666,625
- SEE SCHEDULE OExpenses $5,551,434 · revenue $4,417,922
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 11-1788788
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1959
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B430)
- Assets (IRS master file)
- $588,419,128
- Income (IRS master file)
- $529,229,190
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $381,995,828 | $369,691,908 | $588,419,128 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $381,498,402 | $366,369,094 | $586,710,960 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $352,214,770 | $342,435,250 | $440,803,344 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $372,691,826 | $326,387,751 | $422,758,629 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 11-1788788).
Questions about NEW YORK INSTITUTE OF TECHNOLOGY
- What is the EIN of NEW YORK INSTITUTE OF TECHNOLOGY?
- The employer identification number (EIN) of NEW YORK INSTITUTE OF TECHNOLOGY is 11-1788788.
- Is NEW YORK INSTITUTE OF TECHNOLOGY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1959.
- Are donations to NEW YORK INSTITUTE OF TECHNOLOGY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW YORK INSTITUTE OF TECHNOLOGY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW YORK INSTITUTE OF TECHNOLOGY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW YORK INSTITUTE OF TECHNOLOGY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NEW YORK INSTITUTE OF TECHNOLOGY?
- The 990 for the year ended June 30, 2025 names JERRY BALENTINE.
- Who are the officers and directors of NEW YORK INSTITUTE OF TECHNOLOGY?
- The 990 for the year ended June 30, 2025 lists 34 people; 14 received compensation from the organization, the highest $1,534,600 (DR HENRY FOLEY, PRESIDENT (THRU 06/30/2025)).
- How much revenue does NEW YORK INSTITUTE OF TECHNOLOGY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $381,995,828, expenses of $369,691,908 and total assets of $588,419,128 at year end.
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