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research dossier

Rensselaer Polytechnic Institute
TROY, NY · EIN 141340095 · Form 990 · FY2024 · NTEE B430 · Education · Very Large (>$50M) · rpi.edu
revenue
$737.2M
expenses
$732.5M
net assets
$969.1M
employees
5,136
volunteers
1,874
program ratio
88%
mission · from form 990

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.

profile · synthesized from sources

Rensselaer Polytechnic Institute, founded in 1824, is a private technological research university in Troy, New York. It prepares students for technologically based careers through rigorous academic programs and hands-on research. The institution emphasizes innovation, discovery, and the responsible application of technology to address global challenges and advance prosperity.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $241.63M
    Scholarships and Fellowships. Number of undergraduate students on scholarship: 5338 Number of graduate students on scholarships/fellowships: 1158
  2. #2 $106.87M
    Research Number of active research projects: 510
named programs · 3 · from sources

What they call their work

Instruction
Academic programs offering undergraduate and graduate degrees in engineering, science, and technology; enrolled 6,967 students in Fall 2024
Research
Supports over 500 active research projects annually across disciplines including quantum computing, materials science, and AI
Scholarships and Fellowships
Provides financial support to undergraduate and graduate students; served over 5,300 undergraduates and over 1,100 graduate students on scholarships or fellowships in 2024
activities · 5 groups

What they do

  • Financial Aid and Scholarship Access Programs 1 activity
    • Awards scholarships and fellowships to students
      Provided financial support to 5,338 undergraduate and 1,158 graduate students in 2024 through scholarships and fellowships, enabling access to education and reducing financial barriers.
  • Biomedical Research and Innovation 1 activity
    • Conducts advanced scientific and technological research
      Engages in a broad portfolio of research projects across disciplines, including quantum computing, sustainable materials, AI ethics, non-invasive medical diagnostics, and antimicrobial technologies. Hosted the first IBM Quantum System One on a university campus and conducts interdisciplinary studies on the societal impacts of large-scale scientific facilities.
  • Higher Education Degree Programs 1 activity
    • Delivers higher education instruction and student support services
      Provides comprehensive instruction to thousands of undergraduate, graduate, and special students annually, maintaining a 14:1 student-to-faculty ratio with 475 full-time equivalent faculty. Offers direct engagement with distinguished faculty, including members of the National Academy of Engineering and National Academy of Sciences.
  • Admissions and Enrollment Support Services 1 activity
    • Hosts public campus engagement events and tours
      Offers in-person campus tours, open houses, and virtual exploration tools for prospective students and visitors. Organized high-profile public events such as a bicentennial drone show featuring 750 drones displaying 3D images in the night sky, which also involved student participation in technical setup.
  • Research and Scholarly Fellowship Support 1 activity
    • Integrates undergraduate students into research and interdisciplinary learning
      Over 70% of undergraduate students participate in research activities, supported through institutional programs that promote interdisciplinary studies and direct collaboration with faculty. These efforts are embedded in the academic experience and contribute to active research projects.
financials · form 990 · fy2024
revenue
Total revenue$737.20M
Contributions & grants$144.48M20%
Program service revenue$513.22M70%
Investment income$78.04M11%
Other revenue$1.45M
expenses
Total expenses$732.52M
Program expenses88%
Admin / overhead11%
Fundraising1%
Salaries & benefits$255.60M
Grants paid out$290.51M
Largest expense lineCompensation
balance sheet
Total assets$1.75B
Cash$7.84M
Investments$1.04B
Liabilities$785.41M
Net assets$969.05M
Liquid reserves17.2 mo
6 years on record · 2019–2024 · YoY revenue +3.9%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 22
NameTitleHours/wkCompensation
Martin Schmidt President 55 $1.31M
Rebecca Doerge Provost 40 $730K
Jonathan Dordick Vice President for Strategic Alliances and Translation 45 $580K
Matthew Ter Molen VP of Institute Advancement 40 $571K
Craig Cook Secretary and General Counsel 40 $568K
John Kolb Vice President for Information Services & CTO 40 $551K
Eileen McLoughlin Vice President for Finance and CFO 40 $517K
Rosaline Lee VP and Chief Strategy Officer for Institutional Impact 40 $495K
Shekhar Garde Dean, School of Engineering 40 $480K
Deepak Vashishth Professor 40 $475K
Robert Hull Vice President for Research 40 $474K
Boleslaw Szymanski Professor 40 $444K
Curtis Breneman Dean, School of Science (Till December 2024) 20 $433K
James Hendler Professor 40 $433K
Jonathan Wexler Vice President for Enrollment (Till 12/31/2024) 20 $417K
Evan Douglis Dean, School of Architecture 40 $416K
Ernest Katzwinkel VP of the Division of Administration 40 $345K
Prabhat Hajela Former Provost 45 $331K
Hannelore Rodriguez-Farrar Vice President and Co-Head of the Office of Community Engagement and Communications 40 $317K
Louis Padula Vice President of Human Resources 40 $300K
Pamela Smith Vice President and Co-Head of the Office of Community engagement and Communications 40 $264K
Peter Konwerski Vice President for Student Life 45 $260K
board members · 3
  • Carmella Mantello — Mayor-Elect of Troy
  • Curtis R Priem — Trustee
  • Daniel Pickett III — Trustee
relationships · 14

Who they work with

  • Albany International Airport Government — Closest airport to Rensselaer Polytechnic Institute campus, located 11 miles away
  • Amtrak Government — Operates the Albany-Rensselaer Station, a train travel option located 10 miles from Rensselaer Polytechnic Institute
  • Capital District Transit Authority Partner — Provides free bus rides to Rensselaer Polytechnic Institute students with student ID
  • Ecovative Partner — Collaboration with RPI alumni-founded company developing mycelium-based sustainable materials.
  • Greyhound Partner — Operates the Albany Greyhound Station, a bus travel option for visitors to Rensselaer Polytechnic Institute
  • IBM Partner — Collaborates with IBM to host the first IBM Quantum System One on a university campus.
  • IBM Partner — Collaborates with IBM to host the first Quantum System One on a college campus.
  • Megabus Partner — Provides bus service to/from Albany with pick-up options near Rensselaer Polytechnic Institute
  • National Academy of Engineering Government — Faculty include members of the National Academy of Engineering, indicating affiliation through individual membership.
  • National Academy of Sciences Government — Faculty include members of the National Academy of Sciences, indicating affiliation through individual membership.
  • National Science Foundation Government — Faculty include Presidential Faculty Fellows recognized by the National Science Foundation.
  • RPI Drone Club Partner — Student organization whose members participated in drone inspection and battery installation for the Bicentennial Drone Show.
  • Skyworx Drone Shows Partner — Provided the chief pilot and technical expertise for the execution of the Bicentennial Drone Show.
  • Vyv Partner — Partnership with alum-founded company developing antimicrobial light technology.
strategies · 4

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Curiosity-Driven Innovation Culture
    methodology: curiosity-driven innovation
    By supporting deep curiosity and personal calling in research and student projects, Rensselaer fosters breakthrough innovations, because intrinsically motivated exploration leads to sustained engagement and transformative discoveries.
  • Empathy-Guided Technological Development
    methodology: engineering with empathy
    By integrating empathy into engineering and design processes, Rensselaer ensures technologies address real human needs and social consequences, because considering social impact during innovation leads to more sustainable, equitable, and widely adopted solutions.
  • Interdisciplinary Innovation for Real-World Solutions
    methodology: interdisciplinary_innovation
    By fostering collaboration across disciplines, Rensselaer integrates diverse perspectives and expertise to transform innovative ideas into practical, real-world applications, because cross-domain integration accelerates problem-solving and technological impact.
  • Technology-Driven Education with Social Responsibility
    methodology: technology-focused education
    By educating future leaders through discovery and the responsible use of technology, Rensselaer prepares students for technology-driven careers that advance global prosperity, because grounding technical training in ethical and societal considerations produces more effective and impactful innovators.