Overview

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Est.

2014

Latest Fiscal Year

Not available

Organization Type

Grantseeker

990s

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2024
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2023
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2022
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AI Summary

NEW JERSEY INNOVATION INSTITUTE INC is a science-focused nonprofit research organization dedicated to revitalizing economic development within New Jersey. In filing year 2025, it reported an operating budget of $26.1M and total revenue of $21.2M, with support from funders including FOUNDATION AT NJ INSTITUTE OF TECHNOLOGY, THE TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK, and The Pew Charitable Trusts.

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Mission Statement

WE ARE AN INNOVATIVE RESEARCH ORG. DEDICATED TO REVITALIZING ECONOMIC DEVELOPMENT WITHIN NJ.

Cause Areas

1
Science
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Financials

2024
Revenues
$30.8M
Expenses
$27.7M
Net Income:
+$3M
Assets
$75.1M
Liabilities
$15.1M
Net Assets:
+$60M

Financial Trends

2024
Operating Budget
$27.5M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Top Funders

Funder
Total Funding
Funding Share
Logo for "FOUNDATION AT NJ INSTITUTE OF TECHNOLOGY"
FOUNDATION AT NJ INSTITUTE OF TECHNOLOGY
Newark, NJ, US
$1.1M
2%
Logo for "The Pew Charitable Trusts"
The Pew Charitable Trusts
Washington, DC, US
$181.2K
< 1%
Logo for "THE PRUDENTIAL FOUNDATION"
THE PRUDENTIAL FOUNDATION
Newark, NJ, US
$130K
< 1%

Grants Received

2024
Total No. of Grants
2
Median grant size
$75.3K
Largest grant received
$75.7K

Board & Team

M
Michele Siekerka
Board Member
D
Debbie Hart
Board Member
R
Robert Cohen
Board Member
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  • 7 funders
  • 45 board & team members
  • 9 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is NEW JERSEY INNOVATION INSTITUTE INC’s budget?
In 2024, NEW JERSEY INNOVATION INSTITUTE INC reported an annual operating budget of around $27.5 million. More detailed financial information is available to registered users.
What causes does NEW JERSEY INNOVATION INSTITUTE INC support?
NEW JERSEY INNOVATION INSTITUTE INC supports work in Science.
Where does NEW JERSEY INNOVATION INSTITUTE INC operate?
NEW JERSEY INNOVATION INSTITUTE INC is headquartered in NEWARK, NJ.
Who funded NEW JERSEY INNOVATION INSTITUTE INC recently?
In 2024, NEW JERSEY INNOVATION INSTITUTE INC received grants from THE TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK, FOUNDATION AT NJ INSTITUTE OF TECHNOLOGY, and VOGELEY T MEMORIAL TRUST. More information on this organization’s funders is available to registered users.
What is the largest grant NEW JERSEY INNOVATION INSTITUTE INC received in 2024?
The largest grant to NEW JERSEY INNOVATION INSTITUTE INC in 2024 exceeds $76 thousand.
What is NEW JERSEY INNOVATION INSTITUTE INC’s reliance on government grants?
NEW JERSEY INNOVATION INSTITUTE INC relied on government grants for more than 75% of their total revenue in 2024.