Charity
SINGAPORE INSTITUTE OF TECHNOLOGY
About
What does SINGAPORE INSTITUTE OF TECHNOLOGY do?
Singapore Institute of Technology (SIT) is a leading University of Applied Learning that offers specialized degree programs, preparing students to be work-ready professionals. Its mission is to develop individuals and innovate with industry to impact the economy and society in meaningful ways. SIT's unique pedagogy integrates work and study, embracing authentic learning in a real-world environment through collaborations with key strategic partners. The University focuses on applied research with business impact, aimed at helping industry innovate and grow. With its centralized campus in Punggol, SIT is committed to providing students with an education that fosters their growth as lifelong learners and catalysts for transformation who care for the community.
Founded
2009
People
abu bakar bin mohd nor, chang york chye, tham soh mui, soon sze meng, ravinder singh s/o harchand singh, quek gim pew, koh khay wee benjamin (xu gengwei benjamin), ong sze shuen, gail, chia tai tee, kwee liong keng
Causes
EducationHealth & WellnessHighlights
- Donations are tax-deductible
- Registered Charity
- Established since 2009
- Published yearly Annual Reports
- Audited Financial Statements
Society Impact
- Promotion and advancement of education through educational facilities and courses, contributing to a more educated population.
- Dissemination of knowledge and promotion of research and scholarship, fostering intellectual growth and innovation in various fields.
- Establishment and operation of the university as a going concern, providing opportunities for higher education and career development.
- Contribution to the economy through work-ready professionals equipped with industry-relevant skills and knowledge.
- Innovative applied learning approach that integrates work and study, preparing students for real-world challenges in their respective fields.
- Collaboration with strategic partners, fostering strong ties between academia and industry to drive innovation and growth.
- Development of a centralized campus in Punggol by 2024,
Donation Income
Program Expense Ratio
This is the percentage of the charity's total expenses that are spent on its core programs. A higher percentage suggests that more money is going directly to the cause, rather than being spent on administrative or fundraising expenses.
Financials
Donation Income
What are the donations used for?
- Promotion and advancement of education through educational facilities and courses, contributing to a more educated population.
- Dissemination of knowledge and promotion of research and scholarship, fostering intellectual growth and innovation in various fields.
- Establishment and operation of the university as a going concern, providing opportunities for higher education and career development.
- Contribution to the economy through work-ready professionals equipped with industry-relevant skills and knowledge.
- Innovative applied learning approach that integrates work and study, preparing students for real-world challenges in their respective fields.
- Collaboration with strategic partners, fostering strong ties between academia and industry to drive innovation and growth.
- Development of a centralized campus in Punggol by 2024,
Program Expense Ratio
This is the percentage of the charity's total expenses that are spent on its core programs. A higher percentage suggests that more money is going directly to the cause, rather than being spent on administrative or fundraising expenses.
Financial Information
Source: Charity PortalCharities and IPCs are required to prepare the financial statements in accordance to the Charities (Accounts and Annual Report) Regulations and the Charities (Institutions of A Public Character) Regulations, where applicable. The financial statement is available online for latest 3 financial years.
| Receipts | Apr 2022 - Mar 2023(S$) | Apr 2021 - Mar 2022(S$) | Apr 2020 - Mar 2021(S$) |
|---|---|---|---|
| Donations in Cash | |||
| Tax-Deductible | 20,035,000 | 16,687,000 | 17,040,000 |
| Non Tax-Deductible | 0 | 0 | 0 |
| Total Donations in Cash | 20,035,000 | 16,687,000 | 17,040,000 |
| Donations in Kind | |||
| Tax-Deductible | 0 | 0 | 0 |
| Non Tax-Deductible | 0 | 2,000 | 0 |
| Total Donations in Kind | 0 | 2,000 | 0 |
| Government Grants | 248,233,000 | 218,828,000 | 216,775,000 |
| Investment Income | 37,902,000 | 40,408,000 | 129,685,000 |
| Programme Fees | 107,404,000 | 96,234,000 | 90,379,000 |
| Others Income | 2,861,000 | 3,160,000 | 3,136,000 |
| Total Receipts | 416,435,000 | 375,319,000 | 457,015,000 |
| Capital in Nature | 15,499,000 | 12,504,000 | 10,083,000 |
| Expenses | Apr 2022 - Mar 2023(S$) | Apr 2021 - Mar 2022(S$) | Apr 2020 - Mar 2021(S$) |
|---|---|---|---|
| Fundraising Expenses | |||
| Fundraising Expenses | 0 | 0 | 0 |
| Charitable Activities/Programme Expenses | |||
| Local (Direct & Support) | 3,652,000 | 3,761,000 | 3,779,000 |
| Overseas (Direct & Support) | 1,597,000 | 357,000 | 756,000 |
| Charitable Activities/Programme Expenses | 5,249,000 | 4,118,000 | 4,535,000 |
| Expenses | |||
| Other Expenses | 316,423,000 | 285,601,000 | 268,901,000 |
| Total Expenditure | 321,672,000 | 289,719,000 | 273,436,000 |
| Balance Sheet | Apr 2022 - Mar 2023(S$) | Apr 2021 - Mar 2022(S$) | Apr 2020 - Mar 2021(S$) |
|---|---|---|---|
| Assets | |||
| Land and Buildings | 999,270,000 | 751,177,000 | 638,795,000 |
| Other Tangible Assets | 24,953,000 | 25,343,000 | 28,881,000 |
| Investments | 814,595,000 | 814,212,000 | 727,554,000 |
| Inventories | 0 | 0 | 0 |
| Account Receivables | 216,740,000 | 125,042,000 | 85,053,000 |
| Cash & Deposits | 315,334,000 | 270,098,000 | 292,244,000 |
| Other Assets | 72,466,000 | 77,072,000 | 92,086,000 |
| Total Assets | 2,443,358,000 | 2,062,944,000 | 1,864,613,000 |
| Funds | |||
| Total Unrestricted Funds | 478,800,000 | 477,868,000 | 405,168,000 |
| Total Restricted Funds | 7,382,000 | 4,854,000 | 4,458,000 |
| Endowments Funds | 670,332,000 | 631,131,000 | 585,511,000 |
| Total Funds and Reserves | 1,156,514,000 | 1,113,853,000 | 995,137,000 |
| Liabilities | |||
| Total Current Liabilities | 154,500,000 | 224,221,000 | 248,280,000 |
| Total Non-Current Liabilities | 1,132,344,000 | 724,870,000 | 621,196,000 |
| Total Liabilities | 1,286,844,000 | 949,091,000 | 869,476,000 |
| Total Funds and Liabilities | 2,443,358,000 | 2,062,944,000 | 1,864,613,000 |
| Other Information | Apr 2022 - Mar 2023(S$) | Apr 2021 - Mar 2022(S$) | Apr 2020 - Mar 2021(S$) |
|---|---|---|---|
| Donations, Grants and Sponsorships given to other registred charities | 25,000 | 25,000 | 0 |
| No. of Employees | 1,248 | 1,024 | 1,006 |
| Total Employee Cost | 153,741,000 | 128,671,000 | 120,090,000 |
| Fudnraisig Efficiency Ratio | 0 | 0 | 0 |
| Total Related Party Transactions | 296,539,000 | 332,246,000 | 454,163,000 |
People
At Singapore Institute of Technology (SIT), individuals work towards developing specialized degree programs to prepare students for professional life, with a focus on applied research that benefits industry growth and fosters lifelong learning in an environment committed to community care.
abu bakar bin mohd nor
chang york chye
tham soh mui
soon sze meng
ravinder singh s/o harchand singh
quek gim pew
koh khay wee benjamin (xu gengwei benjamin)
ong sze shuen, gail
chia tai tee
kwee liong keng
News
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