NEW JERSEY INNOVATION INSTITUTE INC

NEW JERSEY INNOVATION INSTITUTE INC

NEWARK, NJ, US
501(c)(3)
EIN
47-1042118
Research Institutes & Public Policy Analysis

NEW JERSEY INNOVATION INSTITUTE INC

NEWARK, NJ, US
501(c)(3)
EIN
47-1042118
Research Institutes & Public Policy Analysis

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$30,773,365

Government Grants
77%
Program Services
11%
Investments
11%
Other
1%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$27,724,858

Salaries & Benefits
46%
Fees to Service Providers
34%
Other
14%
Depreciation
3%
Offices, Occupancy & IT
2%
Grants
<1%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$26,615,947
$23,591,439
-11%
Fundraising Events
$0
$0
-
Program Services
$3,227,234
$3,489,725
+8%
Membership Dues
$0
$0
-
Investments
$2,231,873
$3,317,672
+49%
Other
$2,265,213
$374,529
-83%
Total Revenues
$34,340,267
$30,773,365
-10%
Expenses
2023
2024
Change
Grants
$10,365,500
$258,000
-98%
Benefits to Members
$0
$0
-
Salaries & Benefits
$11,234,754
$12,633,948
+12%
Fees to Service Providers
$7,688,299
$9,414,064
+22%
Advertising & Promotion
$2,580
$4,354
+69%
Offices, Occupancy & IT
$1,889,447
$509,063
-73%
Interest
$148,447
$96,188
-35%
Depreciation
$683,419
$812,041
+19%
Other
$2,765,646
$3,997,200
+45%
Total Expenses
$34,778,092
$27,724,858
-20%
Net income
2023
2024
Change
Net income
-$437,825
+$3,048,507
-796%
Functional Expenses
Summary
2023
2024
Change
Program
$31,701,330
$22,325,578
-30%
Admin
$3,076,762
$5,399,280
+75%
Fundraising
$0
$0
-
Total Expenses
$34,778,092
$27,724,858
-20%
Income Statement
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