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New Jersey Innovation Institute Inc

  • Newark, NJ
  • Tax-exempt since Jan. 2015
  • EIN: 47-1042118

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Science and Technology Research Institutes, Services / Research Institutes and/or Public Policy Analysis (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$30.8M (2024)

Expenses
$27.7M (2024)

Total Assets
$75.1M (2024)

Total Liabilities
$15.1M (2024)

Source: Form 990 tax filings from 2015 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$30,773,365
Expenses
$27,724,858
Net Income
$3,048,507
Net Assets
$60,019,012
Notable Sources of Revenue Percent of Total Revenue
Contributions $23,945,968
77.8%
Program Services $3,489,725
11.3%
Investment Income $3,317,672
10.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $20,000
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $514,152
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $9,738,400
35.1%
Assets/Debt
Total Assets $75,143,617
Total Liabilities $15,124,605
Net Assets $60,019,012
Compensation
Key Employees and Officers Compensation Related Other
Jennifer D'angelo (Chief Operating Officer (As Of 4/24)) $362,724 $0 $52,163
Matthew Moline (Chief Technology Officer) $216,930 $0 $56,212
Tom Nehila (Chief Financial Officer(as Of 11/23)) $214,649 $0 $585
Kathleen Naasz (Vp Strategic Partnerships) $200,451 $0 $16,380
Darlene Carr (Vp Healthcare Division) $176,920 $0 $35,229
Joseph Cauvin (Vice President Operations) $175,107 $0 $38,206
John Nordstrom (Dir, Integration Healthcare Tech.) $175,053 $0 $23,048
Dr Michael Johnson (President & Ceo (As Of 10/23)) $72,700 $0 $7,179
Teik C Lim (Interim Pres (Thru 10/23)/Director) $0 $849,456 $63,758
Atam Dhawan (Vice Provost Of Njit/Director) $0 $465,284 $60,954
Holly Stern (Secretary (Non Voting)) $0 $360,643 $45,311
John Pelesko (Provost Of Njit/Dir (As Of 9/23)) $0 $204,045 $16,999
Robert Medina (Chairman) $0 $0 $0
Dr Kenneth Blank (Director) $0 $0 $0
Robert Cohen (Director) $0 $0 $0
Nicholas Denichilo (Director) $0 $0 $0
Theresa Edelstein (Director) $0 $0 $0
Craig Gotsman (Director (Thru 8/23)) $0 $0 $0
Debbie Hart (Director) $0 $0 $0
Jose Lozano (Director (Thru 11/23)) $0 $0 $0
Wesley Matthews (Director (As Of 11/23)) $0 $0 $0
Prabhas Moghe (Director) $0 $0 $0
Dean Paranicas (Director) $0 $0 $0
Jennifer Rowland (Director) $0 $0 $0
Al De Seta (Director) $0 $0 $0
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Document Links

990
Filed on March 1, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$34,340,267
Expenses
$34,778,092
Net Income
-$437,825
Net Assets
$56,970,505
Notable Sources of Revenue Percent of Total Revenue
Contributions $27,041,814
78.7%
Program Services $3,227,234
9.4%
Investment Income $2,231,873
6.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,839,346
5.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $284,365
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $8,722,898
25.1%
Assets/Debt
Total Assets $73,825,081
Total Liabilities $16,854,576
Net Assets $56,970,505
Compensation
Key Employees and Officers Compensation Related Other
Jennifer D'angelo (Svp Healthcare Division) $317,001 $0 $50,231
Kevin Scull (Chief Financial Officer (Thru 2/23)) $205,667 $0 $45,706
Zainab Alali Phd (Assoc. Dr. Of Quality Assurance) $191,303 $0 $22,997
Matthew Moline (Chief Technology Officer) $185,762 $0 $52,373
William Lutz (Director Of Venturelink) $166,869 $0 $14,075
Teik C Lim (Chairman (7/22 6/23)/Interim Pres.) $0 $449,624 $33,740
Atam Dhawan (Director) $0 $417,094 $52,428
Holly Stern (Secretary (Non Voting)) $0 $345,499 $41,592
Robert Medina (Chairman (As Of 6/23)) $0 $0 $0
Dr Kenneth Blank (Director) $0 $0 $0
Robert Cohen (Director) $0 $0 $0
Nicholas Denichilo (Director) $0 $0 $0
Theresa Edelstein (Director) $0 $0 $0
Craig Gotsman (Director) $0 $0 $0
Debbie Hart (Director) $0 $0 $0
Jose Lozano (Director) $0 $0 $0
Prabhas Moghe (Director) $0 $0 $0
Dean Paranicas (Director) $0 $0 $0
Jennifer Rowland (Director) $0 $0 $0
Al De Seta (Director (As Of 9/22)) $0 $0 $0
Dhiraj Shah (Director) $0 $0 $0
Michele Siekerka (Director) $0 $0 $0
Tom Wisniewski (Director) $0 $0 $0
Simon Nynens (President & Ceo (Thru 8/22)) $0 $513,649 $55,082
Tom Nehila (Interim Cfo (As Of 3/2023)) $0 $0 $0
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990
Filed on May 14, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$85,737,246
Expenses
$27,105,207
Net Income
$58,632,039
Net Assets
$57,408,330
Notable Sources of Revenue Percent of Total Revenue
Contributions $18,972,490
22.1%
Program Services $2,403,914
2.8%
Investment Income $35
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,576,075
1.8%
Net Fundraising $0
Sales of Assets $62,784,732
73.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $208,369
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $7,786,818
28.7%
Assets/Debt
Total Assets $71,920,921
Total Liabilities $14,512,591
Net Assets $57,408,330
Compensation
Key Employees and Officers Compensation Related Other
Jennifer D'angelo (Svp Healthcare Division) $300,839 $0 $46,045
Susan Flynn Hollander (Gen Counsel/Chief Compliance Officer) $274,717 $0 $25,754
Jerry Vilbrun (Chief Information Officer) $181,270 $0 $28,135
John Ulett (Senior Solutions Architect) $178,752 $0 $22,361
Kevin Scull (Chief Financial Officer) $176,879 $0 $41,684
Dr Joel Bloom (Chairman (Thru 6/30/22)) $0 $974,063 $46,638
Fadi Deek (Director (Thru 6/30/22)) $0 $582,111 $25,915
Atam Dhawan (Director (As Of 9/21)) $0 $373,831 $54,480
Holly Stern (Secretary (Non Voting)) $0 $343,224 $40,394
Dr Kenneth Blank (Director) $0 $0 $0
Aneesh Chopra (Director (Thru 8/21)) $0 $0 $0
Robert Cohen (Director) $0 $0 $0
Vincent Decaprio (Director (Thru 9/21)) $0 $0 $0
Nicholas Denichilo (Director) $0 $0 $0
Theresa Edelstein (Director) $0 $0 $0
Craig Gotsman (Director) $0 $0 $0
Debbie Hart (Director) $0 $0 $0
Jose Lozano (Director) $0 $0 $0
Prabhas Moghe (Director) $0 $0 $0
Dean Paranicas (Director) $0 $0 $0
Jennifer Rowland (Director) $0 $0 $0
Dhiraj Shah (Director (As Of 8/21)) $0 $0 $0
Michele Siekerka (Director) $0 $0 $0
Tom Wisniewski (Director) $0 $0 $0
Simon Nynens (President & Ceo) $0 $352,519 $64,219
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990
Filed on May 12, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,426,314
Expenses
$29,725,789
Net Income
-$1,299,475
Net Assets
-$1,223,709
Notable Sources of Revenue Percent of Total Revenue
Contributions $21,741,711
76.5%
Program Services $5,378,415
18.9%
Investment Income $90
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,306,098
4.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $187,609
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $8,331,049
28.0%
Assets/Debt
Total Assets $15,517,542
Total Liabilities $16,741,251
Net Assets -$1,223,709
Compensation
Key Employees and Officers Compensation Related Other
Hartoun Harounian (Svp Biopharma Division) $294,744 $0 $34,816
Susan Flynn Hollander (Gen Counsel/Chief Compliance Officer) $224,520 $0 $40,628
Tomas Gregorio (Exec Director Healthcare Systems) $185,262 $0 $17,033
Jennifer D'angelo (Svp Healthcare Division) $182,996 $0 $30,811
Jerry Vilbrun (Chief Information Officer) $167,558 $0 $27,987
Dr Joel Bloom (Chairman) $0 $898,660 $43,518
Fadi Deek (Director) $0 $579,073 $21,103
Edward Bishof (Director) $0 $353,159 $71,449
Holly Stern (Secretary (Non Voting)) $0 $327,993 $34,082
Dr Kenneth Blank (Director) $0 $0 $0
Aneesh Chopra (Director) $0 $0 $0
Robert Cohen (Director) $0 $0 $0
Vincent Decaprio (Director) $0 $0 $0
Nicholas Denichilo (Director) $0 $0 $0
Emily Derocco (Director (Thru 01/21)) $0 $0 $0
Theresa Edelstein (Director (As Of 05/21)) $0 $0 $0
Craig Gotsman (Director) $0 $0 $0
Debbie Hart (Director) $0 $0 $0
Jose Lozano (Director) $0 $0 $0
Prabhas Moghe (Director) $0 $0 $0
Dean Paranicas (Director) $0 $0 $0
Jennifer Rowland (Director) $0 $0 $0
Michele Siekerka (Director) $0 $0 $0
Tom Wisniewski (Director) $0 $0 $0
Simon Nynens (Ceo) $0 $319,079 $56,139
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990
Filed on May 9, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$19,548,226
Expenses
$20,662,984
Net Income
-$1,114,758
Net Assets
$75,766
Notable Sources of Revenue Percent of Total Revenue
Contributions $18,654,722
95.4%
Program Services $881,887
4.5%
Investment Income $11,617
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,274,252
6.2%
Professional Fundraising Fees $0
Other Salaries and Wages $6,803,679
32.9%
Assets/Debt
Total Assets $10,552,700
Total Liabilities $10,476,934
Net Assets $75,766

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$25,116,958
Expenses
$26,333,307
Net Income
-$1,216,349
Net Assets
$1,145,609
Notable Sources of Revenue Percent of Total Revenue
Contributions $25,094,908
99.9%
Program Services $0
Investment Income $22,050
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,919,624
7.3%
Professional Fundraising Fees $0
Other Salaries and Wages $7,706,556
29.3%
Assets/Debt
Total Assets $5,733,748
Total Liabilities $4,588,139
Net Assets $1,145,609

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$25,158,191
Expenses
$23,648,158
Net Income
$1,510,033
Net Assets
$2,361,958
Notable Sources of Revenue Percent of Total Revenue
Contributions $22,416,491
89.1%
Program Services $2,728,362
10.8%
Investment Income $13,338
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $8,960,494
37.9%
Assets/Debt
Total Assets $6,392,239
Total Liabilities $4,030,281
Net Assets $2,361,958

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$18,977,668
Expenses
$18,193,995
Net Income
$783,673
Net Assets
$851,925
Notable Sources of Revenue Percent of Total Revenue
Contributions $16,764,213
88.3%
Program Services $2,213,455
11.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $7,950,221
43.7%
Assets/Debt
Total Assets $3,583,635
Total Liabilities $2,731,710
Net Assets $851,925

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,182,499
Expenses
$11,005,522
Net Income
$176,977
Net Assets
$68,252
Notable Sources of Revenue Percent of Total Revenue
Contributions $10,322,699
92.3%
Program Services $859,800
7.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $4,652,366
42.3%
Assets/Debt
Total Assets $2,815,662
Total Liabilities $2,747,410
Net Assets $68,252

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,818,942
Expenses
$1,927,667
Net Income
-$108,725
Net Assets
-$108,725
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,089,379
59.9%
Program Services $729,563
40.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $896,650
46.5%
Assets/Debt
Total Assets $709,738
Total Liabilities $818,463
Net Assets -$108,725

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

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