Overview
What is New Jersey Innovation Institute Inc?
The New Jersey Innovation Institute Inc, an NJIT corporation, was established in 2014 and serves as a dynamic research organization aimed at spurring economic development in New Jersey. With six primary divisions – Biopharma, Data and Advanced Technology, Defense and Homeland Security, Entrepreneurship, Healthcare Delivery Systems, and Human-Centered Design – the Institute transforms innovative ideas into practical solutions. By applying research and expertise, the Institute contributes significantly to various sectors, fostering growth and development within the state.
Official website here: www.njii.com
Is New Jersey Innovation Institute Inc legitimate?
New Jersey Innovation Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Jersey Innovation Institute Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $208,369
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,786,818
For more financial information, click here
Official website here: www.njii.com
What is the mission statement of New Jersey Innovation Institute Inc?
The New Jersey Innovation Institute is a research organization dedicated to invigorating economic development in New Jersey. Founded in 2014 as an NJIT corporation, the Institute focuses on transforming innovative ideas into practical solutions across six primary divisions: Biopharma, Data and Advanced Technology, Defense and Homeland Security, Entrepreneurship, Healthcare Delivery Systems, and Human-Centered Design. Through its research efforts, the Institute aims to bring about economic growth and progress within the state.
Official website here: www.njii.com
Who is the CEO of New Jersey Innovation Institute Inc?
Dr Teik C Lim is the Principal Officer of New Jersey Innovation Institute Inc. The CEO's salary of New Jersey Innovation Institute Inc is $0 and their total compensation is $407,189.
Official website here: www.njii.com
What is the revenue of New Jersey Innovation Institute Inc?
New Jersey Innovation Institute Inc's revenue in 2022 was $85,737,246.
Official website here: www.njii.com
Who are the executives of New Jersey Innovation Institute Inc and what are their salaries?
The average compensation at New Jersey Innovation Institute Inc during 2022 was $54,022. There are 148 employees and 13 volunteers at New Jersey Innovation Institute Inc.
Here are 26 key members and their salaries (New Jersey Innovation Institute Inc's CEO's salary is $0 and their total compensation is $407,189):
- Dr Joel Bloom (Chairman (Thru 6/30/22)) [Trustee/Director]
- Fadi Deek (Director (Thru 6/30/22))
- Atam Dhawan (Director (As Of 9/21))
- Simon Nynens (President & Ceo)
- Donald Sebastian (Former President & Ceo)
- Holly Stern (Secretary (Non Voting)) [Trustee/Director]
- Jennifer D'Angelo (Svp Healthcare Division)
- Susan Flynn-Hollander (Gen Counsel/Chief Compliance Officer)
- Kevin Scull (Chief Financial Officer)
- Jerry Vilbrun (Chief Information Officer)
- John Ulett (Senior Solutions Architect)
- Dr Kenneth Blank (Director)
- Aneesh Chopra (Director (Thru 8/21))
- Robert Cohen (Director)
- Vincent Decaprio (Director (Thru 9/21))
- Nicholas Denichilo (Director)
- Theresa Edelstein (Director)
- Craig Gotsman (Director)
- Debbie Hart (Director)
- Jose Lozano (Director)
- Prabhas Moghe (Director)
- Dean Paranicas (Director)
- Jennifer Rowland (Director)
- Dhiraj Shah (Director (As Of 8/21))
- Michele Siekerka (Director)
- Tom Wisniewski (Director)
Official website here: www.njii.com
Where can I find the form 990 for New Jersey Innovation Institute Inc?
The New Jersey Innovation Institute Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.njii.com
Learn more at the official website: www.njii.com
Mission Statement of New Jersey Innovation Institute Inc
The New Jersey Innovation Institute Inc, a prominent research organization, was established in 2014 with a mission to invigorate economic development in New Jersey. This corporation, an affiliate of NJIT, specializes in generating innovative solutions across six distinct divisions: Biopharma, Data and Advanced Technology, Defense and Homeland Security, Entrepreneurship, Healthcare Delivery Systems, and Human-Centered Design.
By nurturing groundbreaking ideas and transforming them into practical applications, the New Jersey Innovation Institute Inc plays a pivotal role in New Jersey's economic revitalization. Through its six divisions, this organization fosters collaboration between academia, industry, and government entities to address complex challenges and create sustainable growth.
The Biopharma division focuses on advancing research and development within the pharmaceutical industry. By combining scientific expertise with cutting-edge technology, New Jersey Innovation Institute Inc paves the way for new treatments and therapies.
In the realm of Data and Advanced Technology, this organization explores the potential of data-driven insights to improve business operations and enhance consumer experiences. New Jersey Innovation Institute Inc's team of experts works closely with industry partners to develop and implement advanced technology solutions.
The Defense and Homeland Security division contributes to the protection of national security and public safety. Through collaborative research efforts, New Jersey Innovation Institute Inc develops innovative technologies and strategies to address pressing defense and security challenges.
The Entrepreneurship division supports the growth and success of startups and emerging businesses. New Jersey Innovation Institute Inc offers mentorship, resources, and funding opportunities to help entrepreneurs bring their ideas to life.
The Healthcare Delivery Systems division focuses on improving the efficiency and effectiveness of healthcare services. By leveraging technology and data analytics, New Jersey Innovation Institute Inc aims to streamline healthcare delivery and enhance patient outcomes.
Lastly, the Human-Centered Design division places a strong emphasis on understanding users' needs and experiences to design solutions that resonate with people. New Jersey Innovation Institute Inc's human-centered design approach ensures that the organization's solutions address real-world challenges and create meaningful impact.
Impact
This information is meant to be a general summary of New Jersey Innovation Institute Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
New Jersey Innovation Institute Inc plays a vital role in revitalizing economic development in New Jersey through innovative research initiatives. With a focus on six key divisions including Biopharma, Data and Advanced Technology, Defense and Homeland Security, Entrepreneurship, Healthcare Delivery Systems, and Human-Centered Design, the institute is dedicated to turning ideas into practical solutions. By fostering collaborations and driving innovation, NJII contributes significantly to the advancement of science research and the overall economic landscape of the state.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROF. DEVELOPMENT
Revenue
$1,342,563
DIGITAL CAPABILITY CTR
Revenue
$265,222
COVID TESTING
Revenue
$228,730
BIOPHARMA TRAINING
Revenue
$172,504
SHARED SERVICE REVENUE
Revenue
$132,409
Organization Details
Founding Year
2014
Phone
(973) 596-5800
Principal Officer
Dr Teik C Lim
Main Address
323 MARTIN LUTHER KING JR BLVD, NEWARK, NJ, 07102
Website
www.njii.com
NTEE Category
Code: U00 - Science research
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