Nonprofit · EIN 05-0312747
NEW ENGLAND INSTITUTE OF TECHNOLOGY
Tax-exempt · E GREENWICH, RI 02818
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $107,197,170 | $87,142,545 | $20,054,625 | $460,934,552 | $93,871,598 | $367,062,954 |
| June 30, 2024 | 990 | $96,172,791 | $85,312,011 | $10,860,780 | $441,731,208 | $96,381,488 | $345,349,720 |
| June 30, 2023 | 990 | $78,623,640 | $81,361,331 | -$2,737,691 | $427,278,790 | $99,959,175 | $327,319,615 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $85,525
- Program service revenue
- $84,441,962
- Investment income
- $22,602,499
- Net gain from sales of assets
- $15,397,420
- Net income from fundraising events
- $67,184
- Other revenue
- $67,184
Expenses
- Grants and similar amounts paid
- $15,146,323
- Compensation of officers, directors and key employees
- $3,844,664
- Other salaries and wages
- $27,414,092
- Salaries, compensation and benefits (total)
- $37,849,613
- Professional fundraising fees
- $0
- Legal fees
- $152,459
- Accounting fees
- $122,505
- Occupancy
- $6,119,003
- Travel
- $183,125
- Depreciation
- $7,943,310
- Program services (functional)
- $87,142,545
Balance sheet and other
- Total assets, start of year
- $441,731,208
- Total assets, end of year
- $460,934,552
- Total liabilities, end of year
- $93,871,598
- Net assets, end of year
- $367,062,954
- Land, buildings and equipment
- $139,902,348
- Net assets without donor restrictions
- $365,437,352
- Net assets with donor restrictions
- $1,625,602
- Gross receipts
- $107,223,401
- Employees
- 685
- Volunteers
- 0
- Year formed
- 1970
- State of legal domicile
- RI
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 |
|---|---|---|---|---|
| RICHARD I GOUSE | PRESIDENT & TRUSTEE Trustee or director, Officer | 55 | $1,075,209 | $189,791 |
| CHERYL C CONNORS | SENIOR V.P. & TREASURER Officer | 50 | $537,503 | $148,980 |
| SCOTT FREUND | EXEC. VICE PRES. Officer | 50 | $509,068 | $29,242 |
| DOUGLAS SHERMAN JR | SENIOR V.P. & PROVOST Officer | 50 | $329,581 | $43,821 |
| ALAN I RESNICK | VICE PRESIDENT Officer | 50 | $295,969 | $42,034 |
| KENNETH F JALBERT | VICE PRESIDENT Officer | 50 | $291,264 | $43,164 |
| HENRY YOUNG | ASSISTANT PROVOST Highest-paid employee | 45 | $220,387 | $36,433 |
| CATHERINE KENNEDY | VICE PRESIDENT Officer | 50 | $206,380 | $20,977 |
| AMY GRZYBOWSKI | VICE PRESIDENT Officer | 50 | $209,003 | $6,546 |
| JACQUES LAFLAMME | CIO Highest-paid employee | 45 | $200,267 | $12,554 |
| HENRY JOHNSON | ASSOCIATE PROFESSOR/DEPT. CHAIR Highest-paid employee | 45 | $175,096 | $30,946 |
| DARLENE NORET | ASSISTANT PROVOST Highest-paid employee | 45 | $173,283 | $25,743 |
| STEVEN KITCHIN | VICE PRESIDENT Officer | 50 | $154,884 | $34,698 |
| THOMAS FAY | VICE PRESIDENT/GENERAL COUNSEL Officer | 50 | $186,554 | $1,780 |
| ASHLEY AMROL | NURSING INSTRUCTOR Highest-paid employee | 45 | $168,774 | $13,457 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR WILLIAM CROASDALE | TRUSTEE Trustee or director | 1 | $0 |
| JOSEPH DEANGELIS | TRUSTEE Trustee or director | 1 | $0 |
| FRANCIS X FLAHERTY | TRUSTEE Trustee or director | 1 | $0 |
| STEVEN L MELTZER | TRUSTEE Trustee or director | 1 | $0 |
| PHILLIP KYDD | TRUSTEE Trustee or director | 1 | $0 |
| ROANNE SRAGOW LICHT | TRUSTEE Trustee or director | 1 | $0 |
| LYNETTE LABINGER | TRUSTEE Trustee or director | 1 | $0 |
| JAMES DIOSSA | TRUSTEE Trustee or director | 1 | $0 |
| SETH KURN | TRUSTEE Trustee or director | 1 | $0 |
| JOEL S KENT | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICHARD I GOUSE | PRESIDENT & TRUSTEE Trustee or director, Officer | 55 | $1,028,719 | $186,821 |
| CHERYL C CONNORS | SENIOR V.P. & TREASURER Officer | 50 | $621,187 | $147,580 |
| SCOTT FREUND | EXEC. VICE PRES. Officer | 50 | $485,530 | $27,846 |
| DOUGLAS SHERMAN JR | SENIOR V.P. & PROVOST Officer | 50 | $319,211 | $41,368 |
| ALAN I RESNICK | VICE PRESIDENT Officer | 50 | $289,212 | $38,399 |
| KENNETH F JALBERT | VICE PRESIDENT Officer | 50 | $281,190 | $40,953 |
| PHILLIP PARSONS | VICE PRESIDENT Officer | 50 | $233,784 | $28,677 |
| TIMOTHY REARDON | VICE PRESIDENT Officer | 50 | $211,455 | $29,395 |
| HENRY YOUNG | ASSISTANT PROVOST Highest-paid employee | 45 | $207,378 | $24,188 |
| CATHERINE KENNEDY | VICE PRESIDENT Officer | 50 | $200,471 | $20,094 |
| STEVEN KITCHIN | VICE PRESIDENT Officer | 50 | $197,102 | $18,404 |
| JACQUES LAFLAMME | CIO Highest-paid employee | 45 | $192,867 | $12,243 |
| HENRY JOHNSON | ASSOCIATE PROFESSOR/DEPT. CHAIR Highest-paid employee | 45 | $172,417 | $29,199 |
| RANDAL FEDORUK | ASSOCIATE PROFESSOR Highest-paid employee | 45 | $168,568 | $30,188 |
| DARLENE NORET | ASSISTANT PROVOST Highest-paid employee | 45 | $166,966 | $24,055 |
| AMY GRZYBOWSKI | VICE PRESIDENT Officer | 50 | $181,511 | $2,281 |
| THOMAS FAY | VICE PRESIDENT/GENERAL COUNSEL Officer | 50 | $38,933 | $30 |
| DR WILLIAM CROASDALE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOSEPH DEANGELIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FRANCIS X FLAHERTY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEVEN L MELTZER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PHILLIP KYDD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROANNE SRAGOW LICHT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LYNETTE LABINGER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES DIOSSA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SETH KURN | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICHARD I GOUSE | PRESIDENT & TRUSTEE Trustee or director, Officer | 55 | $944,263 | $157,686 |
| CHERYL C CONNORS | SENIOR V.P. & TREASURER Officer | 50 | $707,889 | $144,830 |
| SCOTT FREUND | EXEC. VICE PRES. Officer | 50 | $449,325 | $26,057 |
| DOUGLAS SHERMAN JR | SENIOR V.P. & PROVOST Officer | 50 | $297,630 | $39,927 |
| ALAN I RESNICK | VICE PRESIDENT Officer | 50 | $283,825 | $36,085 |
| KENNETH F JALBERT | VICE PRESIDENT Officer | 50 | $271,699 | $39,170 |
| PHILLIP PARSONS | VICE PRESIDENT Officer | 50 | $229,047 | $36,568 |
| TIMOTHY REARDON | VICE PRESIDENT Officer | 50 | $211,797 | $28,926 |
| STEVEN KITCHIN | VICE PRESIDENT Officer | 50 | $193,241 | $34,383 |
| HENRY YOUNG | ASSISTANT PROVOST Highest-paid employee | 45 | $201,404 | $23,101 |
| CATHERINE KENNEDY | VICE PRESIDENT Officer | 50 | $196,080 | $19,534 |
| JACQUES LAFLAMME | CIO Highest-paid employee | 45 | $181,760 | $22,976 |
| DARLENE NORET | ASSISTANT PROVOST Highest-paid employee | 45 | $167,860 | $21,277 |
| CAROL DOEHLER | PROFESSOR OCCUPATIONAL THERAPY Highest-paid employee | 45 | $158,041 | $30,631 |
| RANDAL FEDORUK | ASSOCIATE PROFESSOR Highest-paid employee | 45 | $155,986 | $28,966 |
| DR WILLIAM CROASDALE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOSEPH DEANGELIS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FRANCIS X FLAHERTY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| STEVEN L MELTZER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PHILLIP KYDD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ROANNE SRAGOW LICHT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LYNETTE LABINGER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES DIOSSA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| SETH KURN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| AMY GRZYBOWSKI | VICE PRESIDENT Officer | 50 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 NEW ENGLAND TECH BLVD, E GREENWICH, RI 02818-1258
- Principal officer (990 for 2024)
- RICHARD I GOUSE, 1408 DIVISION ROAD, EAST GREENWICH, RI 02818
- Signed the 990
- KENNETH JALBERT, VICE PRESIDENT OF FINANCE
- Phone
- (401) 739-5000
- Website
- WWW.NEIT.EDU
- Return prepared by
- DISANTO PRIEST & CO
Mission
GENERAL AND TECHNICAL EDUCATION SERVICES
Program accomplishments
- GENERAL AND TECHNICAL EDUCATION SERVICESExpenses $87,142,545 · grants $15,146,323 · revenue $84,441,962
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
- 05-0312747
- 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
- 1970
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B400)
- Assets (IRS master file)
- $460,934,552
- Income (IRS master file)
- $107,223,401
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $107,197,170 | $87,142,545 | $460,934,552 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $96,172,791 | $85,312,011 | $441,731,208 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $78,623,640 | $81,361,331 | $427,278,790 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $86,847,795 | $77,386,271 | $413,061,716 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 05-0312747).
Questions about NEW ENGLAND INSTITUTE OF TECHNOLOGY
- What is the EIN of NEW ENGLAND INSTITUTE OF TECHNOLOGY?
- The employer identification number (EIN) of NEW ENGLAND INSTITUTE OF TECHNOLOGY is 05-0312747.
- Is NEW ENGLAND INSTITUTE OF TECHNOLOGY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1970.
- Are donations to NEW ENGLAND INSTITUTE OF TECHNOLOGY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW ENGLAND 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 ENGLAND 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 ENGLAND 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 ENGLAND INSTITUTE OF TECHNOLOGY?
- The 990 for the year ended June 30, 2025 names RICHARD I GOUSE.
- Who are the officers and directors of NEW ENGLAND INSTITUTE OF TECHNOLOGY?
- The 990 for the year ended June 30, 2025 lists 25 people; 15 received compensation from the organization, the highest $1,075,209 (RICHARD I GOUSE, PRESIDENT & TRUSTEE).
- How much revenue does NEW ENGLAND INSTITUTE OF TECHNOLOGY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $107,197,170, expenses of $87,142,545 and total assets of $460,934,552 at year end.
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