New York Institute of Technology

“In addition to the powers held by the board of director, the institute's bylaws have created an executive committee of the board of directors. The executive committee shall conduct affairs of the board between regularly scheduled meetings and shall exercise all the powers of the board except the following: a. Those powers reserved to the full board by law; b. Actions inconsistent with these bylaws or with the express policies of the board; c. Award of degrees; d. Appointment or removal of the president; e. Merger, association or consolidation with another institution; and f. Amend these bylaws.”

“Form 990 review process the institute's form 990 was prepared by an independent accounting firm in conjunction with both the institute's financial department and its management team. The 990 is reviewed by the chief financial officer, president and general counsel prior to submission to the full board of trustees. The board of trustees is provided ample time to review and comment on the 990 before it is filed with the internal revenue service.”

“Conflict of interest review vice presidents and certain other employees, particularly employees involved with the procurement of goods and services, are required to submit annual disclosure forms to the general counsel, and to submit updated forms in the event that there is any change in the time period between the submission of the annual forms. With respect to any disclosed conflicts, the general counsel will consult, (as appropriate), with nyit management such as the president, chief financial officer, internal audit director, and, if necessary or advisable, the chair of the board of trustees audit committee. The general counsel will recommend to the president and, if indicated, the chair of the audit committee, such steps as may be appropriate to manage the conflict of interest. Any conflicts of interest relating to officers or key employees, whether reported on the annual forms or otherwise, will be reported by the general counsel to the audit committee of the board of trustees.”

“Compensation review nyit's board (all independent trustees other than the nyit president), reviews the compensation of nyit's president at contract renewal intervals. The last such review was in april 2023, in connection with consideration of amendments to the employment contract of nyit's president. The board is advised by independent compensation consultants and reviews compensation data from similar organizations to ensure that nyit does not compensate in excess of market norms. Compensation of other key employees and officers of the corporation are determined upon hire by market reviews conducted by the president and other senior managers, who may consult further with human resources and external consultants. Annual increases for key employees and officers are based on budget parameters and review by the president or human resources. Contemporaneous substantiation for compensation levels of the president, key employees or officers will be maintained by the office of the president or human resources.”

“Document availability the institute's form 990 is available on the internet at www.guidestar.org. In addition, the institute makes a copy of its form 990 available at its place of business. Governing documents, conflict of interest policies and financial statements are available upon request and at management's (the general counsel) discretion.”

“Since 1955, nyit has pursued its mission to provide career-oriented professional education; give all qualified students access to opportunity; support research and scholarship that benefit the larger world. Form 990, part iii, line 1, description of organization mission: engineering and computing sciences; health professions; architecture; management; and medicine. Nyit is a non-profit, independent, private, and nonsectarian institution of higher education. Since 1955, nyit has pursued its mission to: -provide career-oriented professional education -give all qualified students access to opportunity -support research and scholarship that benefit the larger world. By 2028, new york institute of technology, by providing an outstanding student experience, will become one of the best private institutions of higher education in metropolitan new york city and long island. At new york institute of technology, caring and expert faculty and staff provide a student experience that: -inspires critically creative thinking in professional programs infused with technology; and -empowers our graduates to change the world, to solve 21st-century challenges, and to reinvent the future.”

“Nyit provides undergraduate, graduate, and doctoral instruction to a diverse student population. Approximately 7,559 students attended the institution last year and 2,344 graduated. The institute offers the following schools and colleges: college of arts and sciences college of osteopathic medicine school of architecture and design college of engineering and computing sciences school of health professions school of management some highlights from the institute's most recent school year: -99% of our first time, full time students receive some form of financial aid -$33,200+ average financial aid award for first-time, full-time degree-seeking students at our new york campuses -13:1 student-to-faculty ratio -#1 most diverse student body in the united states -116,000 alumni -81% of our interns received offers of continued employment -top 2% of u.s. Colleges for return on investment for low-income students -30% of undergraduate students are first-generation -15% of students at our u.s. Campuses are international students -67% of students at our u.s. Campuses are from new york state. -top 10% return in investment over 20, 30 and 40 years. Programmatic revenues represent tuition and fees, room and board, ancillary educational services, and other educational programs (reported on line 11(d) of part viii of the 990).”

“Nyit's academic health care centers offer health and medical services to students, faculty, staff, and community members. The centers are staffed by physicians from nyit's college of osteopathic medicine -- one of the nation's most prestigious osteopathic medical schools -- as well as medical students who are preparing to enter various health professions. These primary care centers are operated in old westbury, central islip, and jonesboro and are staffed by faculty from the departments of family practice, clinical specialties, osteopathic manipulative medicine, as well as physical, occupational, speech therapists and exercise physiologists.”

“Change in postretirement program -277,007.”