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THE MISSION OF NEW ENGLAND INSTITUTE OF TECHNOLOGY (NEIT) IS DESCRIBED IN SCHEDULE O*THE MISSION OF NEW ENGLAND INSTITUTE OF TECHNOLOGY (NEIT) IS TO PROVIDE SPECIALIZED UNDERGRADUATE AND GRADUATE DEGREE AND CERTIFICATE PROGRAMS WHICH PREPARE STUDENTS FOR PROFESSIONAL AND TECHNICAL CAREERS. THROUGH THE COMBINATION OF PROFESSIONAL AND TECHNICAL COURSES AND AN INTEGRATED LIBERAL ARTS CORE, ACADEMIC PROGRAMS EMPHASIZE THE RELEVANCE OF CONTINUOUS LEARNING TO PERSONAL AND PROFESSIONAL GROWTH. UPON SUCCESSFUL COMPLETION, GRADUATES ARE PREPARED TO ENTER THE WORKFORCE OR TO CONTINUE THEIR EDUCATION. AS AN EXTENSION OF THE PRIMARY MISSION, NEIT OFFERS THE OPPORTUNITY TO PURSUE PROFESSIONAL AND TECHNOLOGICAL STUDIES TO SATISFY PERSONAL INTERESTS.AS AN INSTITUTION PRIMARILY DEVOTED TO TEACHING, NEIT PROVIDES OPPORTUNITIES FOR STUDENTS FROM DIVERSE EDUCATIONAL BACKGROUNDS AND WITH VARYING LEVELS OF ABILITY TO STUDY IN A VARIETY OF TECHNOLOGICAL FIELDS.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$96.2M
Program Spending
100%
of total expenses go to program services
Total Contributions
$159.4K
Total Expenses
▼$85.3M
Total Assets
$441.7M
Total Liabilities
▼$96.4M
Net Assets
$345.3M
Officer Compensation
→$4.1M
Other Salaries
$26.6M
Investment Income
$17.9M
Fundraising
▼$90.3K
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$29M
Awards Found
7
| Awarding Agency | Description | Amount | Fiscal Year | Period | Link |
|---|---|---|---|---|---|
| Department of Education | CARES ACT - HIGHER EDUCATION - INSTITUTIONAL | $11.2M | FY2020 | May 2020 – Jun 2022 | Open → |
| Department of Education | CARES ACT HIGHER EDUCATION EMERGENCY RELIEF FUND | $9M | FY2020 | Apr 2020 – Jun 2022 | Open → |
| Department of Labor | COMMUNITY BASED JOB TRAINING | $2.8M | FY2010 | Jul 2010 – Jun 2013 | Open → |
| Department of Labor | TRADE ADJUSTMENT ASSISTANCE COMMUNITY COLLEGE AND CAREER TRAINING | $2.5M | FY2013 | Oct 2012 – Sep 2016 | Open → |
| Department of Labor | TRADE ADJUSTMENT ASSISTANCE COMMUNITY COLLEGE AND CAREER TRAINING | $2.4M | FY2015 | Oct 2014 – Sep 2018 | Open → |
| Department of Education | CARES ACT - HIGHER EDUCATION - STRENGTHENING INSTITUTIONS PROGRAM | $888.8K | FY2020 | Jul 2020 – Mar 2022 | Open → |
| Department of Education | SUMMER CAMP EXPOSURE PROGRAM | $100K | FY2024 | Sep 2024 – Aug 2025 | Open → |
Department of Education
$11.2M
CARES ACT - HIGHER EDUCATION - INSTITUTIONAL
Department of Education
$9M
CARES ACT HIGHER EDUCATION EMERGENCY RELIEF FUND
Department of Labor
$2.5M
TRADE ADJUSTMENT ASSISTANCE COMMUNITY COLLEGE AND CAREER TRAINING
Department of Labor
$2.4M
TRADE ADJUSTMENT ASSISTANCE COMMUNITY COLLEGE AND CAREER TRAINING
Department of Education
$888.8K
CARES ACT - HIGHER EDUCATION - STRENGTHENING INSTITUTIONS PROGRAM
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
10
Clean Audits
10
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Clean | Unmodified (Clean) | $23.6M | Yes | 2026-03-16 |
| 2024 | Clean | Unmodified (Clean) | $23.1M | Yes | 2025-03-28 |
| 2023 | Clean | Unmodified (Clean) | $24.3M | Yes | 2024-03-28 |
| 2022 | Clean | Unmodified (Clean) | $34.7M | Yes | 2023-03-26 |
| 2021 | Clean | Unmodified (Clean) | $32.2M | Yes | 2022-06-16 |
| 2020 | Clean | Unmodified (Clean) | $32.6M | Yes | 2021-05-19 |
| 2019 | Clean | Unmodified (Clean) | $33.6M | Yes | 2020-02-25 |
| 2018 | Clean | Unmodified (Clean) | $34.8M | Yes | 2019-02-12 |
| 2017 | Clean | Unmodified (Clean) | $37.2M | Yes | 2018-02-11 |
| 2016 | Clean | Unmodified (Clean) | $37.5M | Yes | 2017-01-27 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$23.6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$23.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$24.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$34.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$32.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$32.6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$33.6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$34.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$37.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$37.5M
Tax Year 2023 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $96.2M | $159.4K | $85.3M | $441.7M | $345.3M |
| 2022IRS e-File | $78.6M | $89.2K | $81.4M | $427.3M | $327.3M |
| 2021 | $84.8M | $97.9K | $76.2M | $436.9M | $331.9M |
| 2020 | $76.7M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2023)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Richard I Gouse | President & Trustee | 55 | $1M | $0 | $186.8K | $1.2M |
| Cheryl C Connors | Senior V.p. & Treasurer | 50 | $621.2K | $0 | $147.6K | $768.8K |
| Scott Freund | Exec. Vice Pres. | 50 | $485.5K | $0 | $27.8K | $513.4K |
| Douglas Sherman Jr | Senior V.p. & Provost | 50 | $319.2K | $0 | $41.4K | $360.6K |
| Alan I Resnick | Vice President | 50 | $289.2K | $0 | $38.4K | $327.6K |
| Kenneth F Jalbert | Vice President | 50 | $281.2K | $0 | $41K | $322.1K |
| Phillip Parsons | Vice President | 50 | $233.8K | $0 | $28.7K | $262.5K |
| Timothy Reardon | Vice President | 50 | $211.5K | $0 | $29.4K | $240.8K |
| Catherine Kennedy | Vice President | 50 | $200.5K | $0 | $20.1K | $220.6K |
| Steven Kitchin | Vice President | 50 | $197.1K | $0 | $18.4K | $215.5K |
| Amy Grzybowski | Vice President | 50 | $181.5K | $0 | $2,281 | $183.8K |
| Thomas Fay | Vice President/general Counsel | 50 | $38.9K | $0 | $30 | $39K |
Richard I Gouse
President & Trustee
$1.2M
Hrs/Wk
55
Compensation
$1M
Related Orgs
$0
Other
$186.8K
Cheryl C Connors
Senior V.p. & Treasurer
$768.8K
Hrs/Wk
50
Compensation
$621.2K
Related Orgs
$0
Other
$147.6K
Scott Freund
Exec. Vice Pres.
$513.4K
Hrs/Wk
50
Compensation
$485.5K
Related Orgs
$0
Other
$27.8K
Douglas Sherman Jr
Senior V.p. & Provost
$360.6K
Hrs/Wk
50
Compensation
$319.2K
Related Orgs
$0
Other
$41.4K
Alan I Resnick
Vice President
$327.6K
Hrs/Wk
50
Compensation
$289.2K
Related Orgs
$0
Other
$38.4K
Kenneth F Jalbert
Vice President
$322.1K
Hrs/Wk
50
Compensation
$281.2K
Related Orgs
$0
Other
$41K
Phillip Parsons
Vice President
$262.5K
Hrs/Wk
50
Compensation
$233.8K
Related Orgs
$0
Other
$28.7K
Timothy Reardon
Vice President
$240.8K
Hrs/Wk
50
Compensation
$211.5K
Related Orgs
$0
Other
$29.4K
Catherine Kennedy
Vice President
$220.6K
Hrs/Wk
50
Compensation
$200.5K
Related Orgs
$0
Other
$20.1K
Steven Kitchin
Vice President
$215.5K
Hrs/Wk
50
Compensation
$197.1K
Related Orgs
$0
Other
$18.4K
Amy Grzybowski
Vice President
$183.8K
Hrs/Wk
50
Compensation
$181.5K
Related Orgs
$0
Other
$2,281
Thomas Fay
Vice President/general Counsel
$39K
Hrs/Wk
50
Compensation
$38.9K
Related Orgs
$0
Other
$30
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Henry Young | Assistant Provost | 45 | $207.4K | $0 | $24.2K | $231.6K |
| Jacques Laflamme | CIO | 45 | $192.9K | $0 | $12.2K | $205.1K |
| Henry Johnson | Associate Professor/dept. Chair | 45 | $172.4K | $0 | $29.2K |
Henry Young
Assistant Provost
$231.6K
Hrs/Wk
45
Compensation
$207.4K
Related Orgs
$0
Other
$24.2K
Jacques Laflamme
CIO
$205.1K
Hrs/Wk
45
Compensation
$192.9K
Related Orgs
$0
Other
$12.2K
Henry Johnson
Associate Professor/dept. Chair
$201.6K
Hrs/Wk
45
Compensation
$172.4K
Related Orgs
$0
Other
$29.2K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Dr William Croasdale | Trustee | 1 | $0 | $0 | $0 | $0 |
| Francis X Flaherty | Trustee | 1 | $0 | $0 | $0 | $0 |
| James Diossa | Trustee | 1 | $0 | $0 | $0 | $0 |
| Joseph Deangelis | Trustee | 1 | $0 | $0 | $0 | $0 |
| Lynette Labinger | Trustee | 1 | $0 | $0 | $0 | $0 |
| Phillip Kydd | Trustee |
Dr William Croasdale
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Francis X Flaherty
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
James Diossa
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $114.2K |
| $79.1M |
| $403.4M |
| $288.3M |
| 2019 | $90.6M | $214K | $84.5M | $405.5M | $293.1M |
| 2018 | $88.6M | $383.6K | $81.5M | $396.9M | $282.4M |
| 2017 | $83.6M | $210.2K | $77.9M | $392.2M | $270.8M |
| 2016 | $76M | $83.1K | $68.4M | $376.3M | $255.7M |
| 2015 | $78.1M | $206.3K | $66.2M | $306.8M | $249.7M |
| 2014 | $73.4M | $337.1K | $62.1M | $295.1M | $238.6M |
| 2013 | $66.9M | $218.9K | $56.7M | $281.6M | $224M |
| 2012 | $64.4M | $323.5K | $54M | $271.4M | $209.9M |
| 2011 | $70.7M | $222.4K | $53.1M | $270.8M | $201.2M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| $201.6K |
| Randal Fedoruk | Associate Professor | 45 | $168.6K | $0 | $30.2K | $198.8K |
| Darlene Noret | Assistant Provost | 45 | $167K | $0 | $24.1K | $191K |
Randal Fedoruk
Associate Professor
$198.8K
Hrs/Wk
45
Compensation
$168.6K
Related Orgs
$0
Other
$30.2K
Darlene Noret
Assistant Provost
$191K
Hrs/Wk
45
Compensation
$167K
Related Orgs
$0
Other
$24.1K
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
| Roanne Sragow Licht | Trustee | 1 | $0 | $0 | $0 | $0 |
| Seth Kurn | Trustee | 1 | $0 | $0 | $0 | $0 |
| Steven L Meltzer | Trustee | 1 | $0 | $0 | $0 | $0 |
Joseph Deangelis
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Lynette Labinger
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Phillip Kydd
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Roanne Sragow Licht
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Seth Kurn
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Steven L Meltzer
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0