Our Mission

To provide the Alumni of Stevens Institute of Technology and other interested parties with a completely open web-based forum, free of any and all censorship and PR spin, enabling a collegial discussion of the current state and future direction of the Institute and its administration led by Harold Raveché.

Who we are and why we have created this website

Following recent articles appearing early 2005 in the Chronicle of Higher Education and several major newspapers and broadcast media (see related links under the DOCUMENTS item on the menu bar) about the declining bond rating of Stevens and possible financial mismanagement on the part of senior members of its administration, we have subsequently learned that:

1. The Stevens Administration has purposely misled everyone via their annual reports since 1996 in consistently telling us year-in year-out that the Institute was operating with balanced budgets and/or surpluses, when in fact it had very significant annual deficits throughout this same period.   VP Weatherall has arrogantly rationalized such discrepancies citing that the annual reports "are marketing devices as much as anything else."

2. The Institute's endowment has seen a very sharp decline in the last several years despite the Administration telling everyone how remarkably successful the most recent capital campaign has been.  During this same period Raveché has privately sold more than $30 million worth of Institute property holdings for less than $8 million in the effort to offset annual operating losses.

3. The Administration has failed to timely produce federally mandated financial documents for public inspection, such as the IRS form 990.   The FY 2002-03 and FY 2003-04 990's were finally received by Guidestar.org on September 28, 2005, which collects and tracks these returns for all non-profit organizations.  Despite promising the Faculty fall '05 that Stevens would honor the normal 11/15/05 deadline to publish its FY 2004-05 IRS 990, the Administration deliberately delayed this release an additional 180 days until the last possible moment under IRS regulations, namely May 15, 2006.  And yet again, the Administration is apparently waiting until May 15, 2007 to release its latest 990.

4. Raveche's salary and those of his inner circle (his VP's and the Deans of the 3 separate schools) have witnessed unjustified exponential growth during this same period (Raveche's salary has increased from $229,000 in 1997 to $896,326 in 2005 along with $1.8 million in Institute provided low-interest loans). As a matter of fact, if you renormalize their salaries on the basis of the size of Stevens (either enrollments and/or budget) they are the highest paid college administrators in the U.S.!!!!

Motivated on the basis of these considerations, this website has been created and is maintained by Stevens Alumni (not the Stevens Alumni Association), with the support and assistance of Stevens faculty, administrators, and students, in the effort to bring about a proper independent audit of the Institute's finances and administration.   We were further compelled to launch this site when the Board of Trustees failed to implement a faculty committee resolution (which was overwhelming passed in spring '05 by the faculty with a 60 to 38 vote) to have an independent financial management consulting firm of national stature in higher education review the financial resources, management, reporting practices, and status of the Institute.

Please note that while this website has no direct affiliation with those of Stevens Institute of Technology or the Stevens Alumni Association, the people responsible for UnEvenStevens.com are in fact very concerned and very dedicated members of the Stevens family.  We are maintaining a certain degree of anonymity at present because of the extensive history the current Stevens Administration has in intimidating any of its critics (e.g., see the Fund for a Better Waterfront website) in the effort to silence debate and quell any dissent through use of strategic litigation tactics made possible as a function of the significant financial resources under its control and the multiple law firms Raveché has under retainer.