Nonpartisan civic infrastructure
AllCiv·Legis1
·

New Jersey Innovation Institute INC

Public charity990-T FY2023
DBA: % NJIT
Other · NEWARK, NJ · EIN 47-1042118

About

The new jersey innovation institute (NJII), an NJIT corporation, was founded in 2014 and helps turn ideas into workable solutions across five divisions: healthcare, learning and development initiative, defense, entrepreneurship and artificial intelligence & machine learning. NJII combines the vast resources of NJIT, strong and far-reaching industry and government relationships, and proven methods for building industry centric ecosystems to help drive innovation and deliver solutions that make a direct impact on the economy and the health and welfare of its participants. NJII applies the intellectual and technological resources of NJIT to challenges identified by industry partners, to SPUR product creation and enhancement, develop solutions for sector-wide and/or company-focused challenges, and serve as a catalyst for regional economic growth.

In care of NJIT

Donations are tax-deductible
Category
Other
Employees
154
Volunteers
13

Financial Snapshot

FY ending 2024-06-30
Revenue
$30.8M
Expenses
$27.7M
Assets
$75.1M
Liabilities
$15.1M

Financial history

$85.7M$42.9M$0
222324
RevenueExpenses
Latest FY2024: $30.8M · Peak FY2022: $85.7M · Avg: $50.3M

Political & Grant Activity

Campaign Spending
Lobbying
Grants Given
$258K
NEW JERSEY INNOVATION INSTITUTE INC
Your actions

Address

211 Warren Street
Newark, NJ, 07103-356

Governance

Voting board members16
Independent members13
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Initial contract exceptionNo
Public records
ProPublica Nonprofit Explorer
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.