NEW JERSEY INNOVATION INSTITUTE INC: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- NEW JERSEY INNOVATION INSTITUTE INC (EIN 47-1042118)
- Tax period
- 2020-07-01 to 2021-06-30
- Filed
- 2022-05-09
- IRS object ID
- 202221299349300042
- Schema version
- 2020v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-05-09T08:49:00-05:00 | ReturnTs |
| Tax Period End | 2021-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 366055558 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 757 THIRD AVENUE 3RD FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100172013 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 471042118 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEW JERSEY INNOVATION INSTITUTE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NEWJ | BusinessNameControlTxt |
| Phone | 9735965800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 323 MARTIN LUTHER KING JR BLVD | AddressLine1Txt |
| City | NEWARK | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07102 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SIMON NYNENS | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 9735965800 | PhoneNum |
| Signature | 2022-05-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | SIMON | PersonFirstNm |
| Person Last | NYNENS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SCOTT THOMPSETT | PreparerPersonNm |
| PTIN | P00741490 | PTIN |
| Phone | 2125990100 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | SIMON NYNENS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 323 MARTIN LUTHER KING JR BLVD | AddressLine1Txt |
| City | NEWARK | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $28,426,314 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.NJII.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2014 | FormationYr |
| Legal Domicile State | NJ | LegalDomicileStateCd |
| Activity Or Mission | WE ARE AN INNOVATIVE RESEARCH ORG. DEDICATED TO REVITALIZING ECONOMIC DEVELOPMENT WITHIN NJ. | ActivityOrMissionDesc |
| Voting Members Governing Body | 17 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 14 | VotingMembersIndependentCnt |
| Total Employee | 154 | TotalEmployeeCnt |
| Total Volunteers | 14 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $18,654,722 | PYContributionsGrantsAmt |
| CY Contributions Grants | $21,741,711 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $881,887 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $5,378,415 | CYProgramServiceRevenueAmt |
| PY Investment Income | $11,617 | PYInvestmentIncomeAmt |
| CY Investment Income | $90 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $1,306,098 | CYOtherRevenueAmt |
| PY Total Revenue | $19,548,226 | PYTotalRevenueAmt |
| CY Total Revenue | $28,426,314 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $9,965,115 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $10,674,879 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $10,697,869 | PYOtherExpensesAmt |
| CY Other Expenses | $19,050,910 | CYOtherExpensesAmt |
| PY Total Expenses | $20,662,984 | PYTotalExpensesAmt |
| CY Total Expenses | $29,725,789 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,114,758 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$1,299,475 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $10,552,700 | TotalAssetsBOYAmt |
| Total Assets EOY | $15,517,542 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $10,476,934 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $16,741,251 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $75,766 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | -$1,223,709 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SEE SCHEDULE O | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $24,369,441 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $5,378,415 | RevenueAmt |
| Desc | SEE SCHEDULE OBIOPHARMANJII HELPS PHARMACEUTICAL COMPANIES DEVELOP AND APPLY INNOVATIVE, COST-SAVING MANUFACTURING TECHNOLOGIES AND WORKS WITH BIOTECHNOLOGY FIRMS TO SCALE INNOVATION FROM LAB TO COMMERCIAL PRODUCTION. THE BIOPHARMA DIVISION AT NJII WAS ESTABLISHED TO HELP THE INDUSTRY OVERCOME CHALLENGES THEY FACE AS THEY DEVELOP THE NEXT WAVE OF CELL AND GENE THERAPIES, WORKING OUT OF A STATE-OF-THE-ART CELL AND GENE THERAPY DEVELOPMENT CENTER FOR FLEXIBLE PROCESS DEVELOPMENT AND CLINICAL MANUFACTURING. NJII'S MISSION IS TO SUPPORT INDUSTRY-WIDE ADVANCEMENT, SO NJII ALSO FOCUSES ON WORKFORCE DEVELOPMENT AND THE INCUBATION OF PROMISING START-UPS.DATA & TECHNOLOGYTHE MISSION OF THE DATA & TECHNOLOGY DIVISION IS TO ESTABLISH AN ECOSYSTEM OF TECHNOLOGY HUBS THAT CONNECT CLIENTS, INDUSTRY, AND TECHNOLOGY PROVIDERS AND SUPPLY THEM WITH A LOCATION, R&D AND IP, MAN-POWER, FUNDING AND GOVERNMENT RELATIONS SUPPORT. THE HUBS INCLUDE EDTECH, FINTECH, CYBER SECURITY, HARDWARE AND DATA SCIENCE.DEFENSETHE DEFENSE DIVISION CREATES INTEGRATED PRODUCT TEAMS THAT INCLUDE ACADEMICS, INDUSTRY AND THE GOVERNMENT. THESE TEAMS DEVELOP SOLUTIONS FOR THE DEPARTMENT OF DEFENSE THAT ARE PUT INTO IMMEDIATE USE. THE ROLE OF NJII IS PROGRAM AND PROJECT MANAGEMENT AND THEY USE A METHODOLOGY OR APPROACH CALLED AGILE INNOVATION MANAGEMENT TO DRIVE SUCCESS.ENTREPRENEURSHIPTHE TEAM INSIDE THE ENTREPRENEURSHIP DIVISION RUNS AN INCUBATOR CALLED "VENTURELINK" WHICH IS ALSO THE NAME OF A BUILDING THAT IS LOCATED ON THE NJIT CAMPUS AND OFFERS FLEXIBLE PRIVATE AND CO-WORKING OFFICE SPACE. THE DIVISION IS ALSO TASKED WITH COMMERCIALIZING IP THAT COMES FROM NJIT AND GROWING NJII ENTREPRENEURSHIP PROGRAMS AND SERVICES ACROSS NEW JERSEY.HEALTHCAREOUR HEALTHCARE DIVISION OPERATES AND MANAGES THE NEW JERSEY HEALTH INFORMATION NETWORK (NJHIN) ON BEHALF OF THE NEW JERSEY DEPARTMENT OF HEALTH. THEY ARE ALSO A CERTIFIED REGISTRY FOR CMS'S MERIT-BASED INCENTIVE PAYMENT SYSTEM WHICH IS A QUALITY IMPROVEMENT PROGRAM FOR MEDICARE PROVIDERS THAT MEET A CERTAIN THRESHOLD OF MEDICARE BILLING ANNUALLY. AND THE DIVISION IS ONE OF 59 ORGANIZATIONS IN THE NETWORK OF QUALITY IMPROVEMENT AND INNOVATION CONTRACTORS. THESE ORGANIZATIONS ARE ELIGIBLE TO BID ON TASK ORDERS FROM THE FEDERAL GOVERNMENT TOTALING $25B OVER THE NEXT FIVE YEARS.HUMAN CAPITALTHE HUMAN CAPITAL DIVISION AT NJII IS FOCUSED ON HELPING EMPLOYERS MAKE THE MOST OF THEIR MOST VALUABLE ASSET; THEIR PEOPLE. WE BELIEVE STRONGLY IN PROTECTING THE VALUE OF THE INVESTMENTS MADE IN THE WORKFORCE AND ARE DEDICATED TO PROVIDING PROGRAMMING AND SUPPORT THAT MEETS THE NEEDS OF INDUSTRIES AND THE BUSINESSES WITHIN THEM. WE ALSO OFFER PRE-APPRENTICESHIP PROGRAMS, PROFESSIONAL DEVELOPMENT AND EXECUTIVE EDUCATION, AND CONTINUING EDUCATION PROGRAMS THAT PROVIDE OPPORTUNITIES FOR INDIVIDUALS TO SHARPEN THEIR SKILLS AND KEEP UP WITH THE LATEST ADVANCES. LASTLY, THE DIVISION OFFERS INNOVATION AND DESIGN THINKING SERVICES AND CONSULTING. | Desc |
| Total Program Service Expenses | $24,369,441 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 165 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 154 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 17 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 14 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KEVIN SCULL | PersonNm |
| Phone | 9735968449 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 323 MARTIN LUTHER KING JR BLVD | AddressLine1Txt |
| City | NEWARK | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07012 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (26 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| DR JOEL BLOOM | |||||||||
| CHAIRMAN | 1.00 | 34.00 | Yes (X) | Yes (X) | $0 | $898,660 | $43,518 | ||
| FADI DEEK | |||||||||
| DIRECTOR | 1.00 | 34.00 | Yes (X) | $0 | $579,073 | $21,103 | |||
| EDWARD BISHOF | |||||||||
| DIRECTOR | 1.00 | 34.00 | Yes (X) | $0 | $353,159 | $71,449 | |||
| HOLLY STERN | |||||||||
| SECRETARY (NON VOTING) | 1.00 | 34.00 | Yes (X) | Yes (X) | $0 | $327,993 | $34,082 | ||
| DR KENNETH BLANK | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ANEESH CHOPRA | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT COHEN | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| VINCENT DECAPRIO | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| NICHOLAS DENICHILO | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| EMILY DEROCCO | |||||||||
| DIRECTOR (THRU 01/21) | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| THERESA EDELSTEIN | |||||||||
| DIRECTOR (AS OF 05/21) | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| CRAIG GOTSMAN | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DEBBIE HART | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JOSE LOZANO | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| PRABHAS MOGHE | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DEAN PARANICAS | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| JENNIFER ROWLAND | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHELE SIEKERKA | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| TOM WISNIEWSKI | |||||||||
| DIRECTOR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| SIMON NYNENS | |||||||||
| CEO | 17.50 | 17.50 | Yes (X) | $0 | $319,079 | $56,139 | |||
| HARTOUN HAROUNIAN | |||||||||
| SVP BIOPHARMA DIVISION | 35.00 | 0.00 | $294,744 | $0 | $34,816 | Yes (X) | |||
| SUSAN FLYNN-HOLLANDER | |||||||||
| GEN COUNSEL/CHIEF COMPLIANCE OFFICER | 35.00 | 0.00 | $224,520 | $0 | $40,628 | Yes (X) | |||
| JENNIFER D'ANGELO | |||||||||
| SVP HEALTHCARE DIVISION | 35.00 | 0.00 | $182,996 | $0 | $30,811 | Yes (X) | |||
| TOMAS GREGORIO | |||||||||
| EXEC DIRECTOR HEALTHCARE SYSTEMS | 35.00 | 0.00 | $185,262 | $0 | $17,033 | Yes (X) | |||
| JERRY VILBRUN | |||||||||
| CHIEF INFORMATION OFFICER | 35.00 | 0.00 | $167,558 | $0 | $27,987 | Yes (X) | |||
| DONALD SEBASTIAN | |||||||||
| FORMER PRESIDENT & CEO | 17.50 | 17.50 | $0 | $359,781 | $58,641 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,055,080 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $2,837,745 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $436,207 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 25 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| GILBANE BUILDING COMPANY | |||||
| 3150 BRUNSWICK PIKESUITE 300 | LAWRENCEVILLE | NJ | 08648 | CONSTRUCTION SERVICES | $1,870,674 |
| VELATURA LLC | |||||
| 120 W SAGINAW HWY | EAST LANSING | MI | 488232605 | HEALTHCARE CONSULTING | $979,956 |
| GEOMETER LLC | |||||
| 548 MARKET ST PMB 24284 | SAN FRANCISCO | CA | 94104 | HEALTHCARE CONSULTING | $500,000 |
| SUJA ASSOCIATES INC | |||||
| 303 DARTMOUTH WAY | FREEHOLD | NJ | 077285373 | HEALTHCARE CONSULTING | $398,303 |
| BARNABAS HEALTH | |||||
| 94 OLD SHORT HILLS RD | WEST ORANGE | NJ | 07052 | HEALTHCARE CONSULTING | $343,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 17 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $20,539,054 | GovernmentGrantsAmt |
| All Other Contributions | $1,202,657 | AllOtherContributionsAmt |
| Total Contributions | $21,741,711 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION REVENUE | 541900 | $3,567,165 | $3,567,165 |
| COVID TESTING | 541900 | $769,853 | $769,853 |
| PROF. DEVELOPMENT | 541900 | $475,544 | $475,544 |
| BIOPHARMA TRAINING | 541900 | $451,278 | $451,278 |
| OTHER ACTIVITIES | 541900 | $114,575 | $114,575 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $5,378,415 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $90 | TotalRevenueColumnAmt |
| Exclusion | $90 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,306,098 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,306,098 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,306,098 | TotalRevenueColumnAmt |
| Exclusion | $1,306,098 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $28,426,314 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $5,378,415 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,306,188 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $187,609 | TotalAmt |
| Management And General | $187,609 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,331,049 | TotalAmt |
| Program Services | $5,766,454 | ProgramServicesAmt |
| Management And General | $2,564,595 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $590,329 | TotalAmt |
| Program Services | $397,551 | ProgramServicesAmt |
| Management And General | $192,778 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,565,892 | TotalAmt |
| Program Services | $1,054,533 | ProgramServicesAmt |
| Management And General | $511,359 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $145,803 | TotalAmt |
| Program Services | $10,480 | ProgramServicesAmt |
| Management And General | $135,323 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,202 | TotalAmt |
| Management And General | $44,202 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,969,243 | TotalAmt |
| Program Services | $9,763,035 | ProgramServicesAmt |
| Management And General | $206,208 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,776 | TotalAmt |
| Program Services | $40,776 | ProgramServicesAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $981,871 | TotalAmt |
| Program Services | $889,178 | ProgramServicesAmt |
| Management And General | $92,693 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,938,391 | TotalAmt |
| Program Services | $1,906,738 | ProgramServicesAmt |
| Management And General | $31,653 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,153 | TotalAmt |
| Program Services | $15,622 | ProgramServicesAmt |
| Management And General | $10,531 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $296,177 | TotalAmt |
| Program Services | $296,177 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $427,560 | TotalAmt |
| Management And General | $427,560 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $111,468 | TotalAmt |
| Program Services | $21,630 | ProgramServicesAmt |
| Management And General | $89,838 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| EDUCATIONAL COURSE FEES | $2,999,059 | $2,999,059 | |
| SHARED SERVICES | $961,472 | $314,921 | $646,551 |
| EQUIPMENT AND SUPPLIES | $545,487 | $435,184 | $110,303 |
| SUBSCRIPTIONS | $451,338 | $374,888 | $76,450 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $111,910 | TotalAmt |
| Program Services | $83,215 | ProgramServicesAmt |
| Management And General | $28,695 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,725,789 | TotalAmt |
| Program Services | $24,369,441 | ProgramServicesAmt |
| Management And General | $5,356,348 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,325 | BOYAmt |
| EOY | $883,874 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $588,416 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $312,739 | BOYAmt |
| EOY | $608,245 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $52,666 | BOYAmt |
| EOY | $110,686 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $8,100,601 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $668,035 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,594,480 | BOYAmt |
| EOY | $7,432,566 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,582,490 | BOYAmt |
| EOY | $5,893,755 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,552,700 | BOYAmt |
| EOY | $15,517,542 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,228,024 | BOYAmt |
| EOY | $5,088,491 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $267,583 | BOYAmt |
| EOY | $5,673,445 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,981,327 | BOYAmt |
| EOY | $5,979,315 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,476,934 | BOYAmt |
| EOY | $16,741,251 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $73,625 | BOYAmt |
| EOY | -$1,196,504 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,141 | BOYAmt |
| EOY | -$27,205 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,766 | BOYAmt |
| EOY | -$1,223,709 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,552,700 | BOYAmt |
| EOY | $15,517,542 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$1,299,475 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $16,764,213 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $22,416,491 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $25,094,908 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $18,654,722 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $21,741,711 | CurrentTaxYearAmt |
| Total | $104,672,045 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $16,764,213 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $22,416,491 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $25,094,908 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $18,654,722 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $21,741,711 | CurrentTaxYearAmt |
| Total | $104,672,045 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $104,672,045 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $13,338 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $22,050 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $11,617 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,306,188 | CurrentTaxYearAmt |
| Total | $1,353,193 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $106,025,238 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $11,202,119 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.98720 | PublicSupportCY170Pct |
| Public Support PY170 | 0.99950 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,720,545 | OtherCostOrOtherBasisAmt |
| Depreciation | $147,369 | DepreciationAmt |
| Book Value | $4,573,176 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,177,882 | OtherCostOrOtherBasisAmt |
| Depreciation | $485,055 | DepreciationAmt |
| Book Value | $2,692,827 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $202,174 | OtherCostOrOtherBasisAmt |
| Depreciation | $35,611 | DepreciationAmt |
| Book Value | $166,563 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $7,432,566 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| DUE FROM HIGHLANDER FACTORY | $1,532,344 |
| DUE FROM NJIT | $4,361,411 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $5,893,755 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUE TO NJIT | Desc |
| Amt | $5,979,315 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $5,979,315 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | FIN 48 NJII FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. NJII IS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXATION UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE; ALTHOUGH, NJII IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. NJII HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. NJII HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. IN ADDITION, NJII HAS DETERMINED THAT IT HAS NOT GENERATED MATERIAL UNRELATED BUSINESS INCOME AND, THEREFORE, NO INCOME TAX PROVISION IS REQUIRED. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DR JOEL BLOOM | ||||||||||||||
| CHAIRMAN | $0 | $589,512 | $0 | $156,920 | $0 | $152,228 | $0 | $14,000 | $0 | $29,518 | $0 | $942,178 | $0 | $0 |
| FADI DEEK | ||||||||||||||
| DIRECTOR | $0 | $489,276 | $0 | $73,793 | $0 | $16,004 | $0 | $14,000 | $0 | $7,103 | $0 | $600,176 | $0 | $0 |
| EDWARD BISHOF | ||||||||||||||
| DIRECTOR | $0 | $337,900 | $0 | $0 | $0 | $15,259 | $0 | $41,330 | $0 | $30,119 | $0 | $424,608 | $0 | $0 |
| DONALD SEBASTIAN | ||||||||||||||
| FORMER PRESIDENT & CEO | $0 | $334,926 | $0 | $0 | $0 | $24,855 | $0 | $14,000 | $0 | $44,641 | $0 | $418,422 | $0 | $0 |
| SIMON NYNENS | ||||||||||||||
| CEO | $0 | $317,147 | $0 | $0 | $0 | $1,932 | $0 | $14,000 | $0 | $42,139 | $0 | $375,218 | $0 | $0 |
| HOLLY STERN | ||||||||||||||
| SECRETARY (NON VOTING) | $0 | $319,272 | $0 | $0 | $0 | $8,721 | $0 | $14,000 | $0 | $20,082 | $0 | $362,075 | $0 | $0 |
| HARTOUN HAROUNIAN | ||||||||||||||
| SVP BIOPHARMA DIVISION | $293,404 | $0 | $0 | $0 | $1,340 | $0 | $22,342 | $0 | $12,474 | $0 | $329,560 | $0 | $0 | $0 |
| SUSAN FLYNN-HOLLANDER | ||||||||||||||
| GEN COUNSEL/CHIEF COMPLIANCE OFFICER | $222,703 | $0 | $0 | $0 | $1,817 | $0 | $18,523 | $0 | $22,105 | $0 | $265,148 | $0 | $0 | $0 |
| JENNIFER D'ANGELO | ||||||||||||||
| SVP HEALTHCARE DIVISION | $182,781 | $0 | $0 | $0 | $215 | $0 | $13,385 | $0 | $17,426 | $0 | $213,807 | $0 | $0 | $0 |
| TOMAS GREGORIO | ||||||||||||||
| EXEC DIRECTOR HEALTHCARE SYSTEMS | $112,670 | $0 | $0 | $0 | $72,592 | $0 | $7,062 | $0 | $9,971 | $0 | $202,295 | $0 | $0 | $0 |
| JERRY VILBRUN | ||||||||||||||
| CHIEF INFORMATION OFFICER | $167,355 | $0 | $0 | $0 | $203 | $0 | $13,799 | $0 | $14,188 | $0 | $195,545 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 4A | FormAndLineReferenceDesc |
| Explanation | EXECUTIVE DIRECTOR OF HEALTHCARE SYSTEMS, TOMAS GREGORIO, RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $72,222 IN CALENDAR YEAR 2020; THIS PAYMENT IS REFLECTED IN SCHEDULE J, PART II, COLUMN B(III). | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 1 | THE NEW JERSEY INNOVATION INSTITUTE (NJII), AN NJIT CORPORATION, WAS FOUNDED IN 2014 AND HELPS TURN IDEAS INTO WORKABLE SOLUTIONS ACROSS SIX DIVISIONS; BIOPHARMA, DATA AND ADVANCED TECHNOLOGY, DEFENSE AND HOMELAND SECURITY, ENTREPRENEURSHIP, HEALTHCARE DELIVERY AND HUMAN CAPITAL. 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. GENERAL STATEMENT: IMPACT OF COVID-19 IN MARCH 2020, THE WORLD HEALTH ORGANIZATION DECLARED THE OUTBREAK OF A NOVEL CORONAVIRUS (COVID-19) AS A PANDEMIC, WHICH CONTINUES TO SPREAD THROUGHOUT THE UNITED STATES. WHILE THE DISRUPTION IS CURRENTLY EXPECTED TO BE TEMPORARY, THERE IS UNCERTAINTY AROUND THE DURATION. NJII RECEIVED A PPP LOAN IN MAY 2020 TO OFFSET SOME OF THE POTENTIAL NEGATIVE IMPACTS OF COVID-19 ON ITS BUSINESS. THE CONSTRUCTION AND OPENING OF NJII'S CELL AND GENE THERAPY CENTER WAS DELAYED DUE TO THE IMPACT OF COVID-19 WHICH NEGATIVELY IMPACTED CURRENT YEAR RESULTS. WHILE NJII EXPECTS THIS MATTER TO NEGATIVELY IMPACT ITS FINANCIAL POSITION FOR 2022, THE RELATED FINANCIAL IMPACT CANNOT BE REASONABLY ESTIMATED AT THIS TIME. PPP LOAN: ON APRIL 29, 2020, NJII RECEIVED LOAN PROCEEDS OF $2,464,000 UNDER THE PAYCHECK PROTECTION PROGRAM (PPP) FROM MID PENN BANK. THE PPP, ESTABLISHED AS PART OF THE CORONAVIRUS AID, RELIEF AND ECONOMIC SECURITY ACT (CARES ACT), PROVIDES FOR LOANS TO QUALIFYING BUSINESSES FOR AMOUNTS UP TO 2.5 TIMES THE AVERAGE MONTHLY PAYROLL EXPENSES OF THE QUALIFYING BUSINESS. IN JUNE 2021, NJII WAS NOTIFIED BY THE SMALL BUSINESS ADMINISTRATION THAT IT MET ALL THE CONDITIONS FOR LEGAL RELEASE AND THE NJII PPP LOAN IN THE AMOUNT OF $2,464,000 WAS FORGIVEN. THE INSTITUTE'S PPP GRANT IS REPORTED IN PART VIII, LINE 1(E) AS GOVERNMENTAL GRANT REVENUE. |
| FORM 990, PART VI, SECTION A, LINE 6 | EXPLANATION OF CLASSES OF MEMBERS OR SHAREHOLDER NEW JERSEY INNOVATION INSTITUTE, INC.'S SOLE CORPORATE MEMBER IS THE NEW JERSEY INSTITUTE OF TECHNOLOGY, A SECTION 115(A)(2) GOVERNMENTAL ENTITY. |
| FORM 990, PART VI, SECTION A, LINE 7A | HOW MEMBERS OR SHAREHOLDERS ELECT GOVERNING BODY NEW JERSEY INNOVATION INSTITUTE, INC.'S SOLE CORPORATE MEMBER, NEW JERSEY INSTITUTE OF TECHNOLOGY, HAS THE FOLLOWING POWERS RESERVED TO IT WITHIN NJII'S BYLAWS: (1) TO DETERMINE THE SIZE OF NJII'S BOARD OF DIRECTORS; AND (2) TO APPOINT AND REMOVE NJII'S DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7B | DECISIONS OF GOVERNING BODY APPROVAL BY MEMBERS OR SHAREHOLDERS NEW JERSEY INNOVATION INSTITUTE, INC.'S (NJII) SOLE CORPORATE MEMBER, NEW JERSEY INSTITUTE OF TECHNOLOGY, HAS THE FOLLOWING POWERS RESERVED TO IT WITHIN NJII'S BYLAWS:(1) TO AUTHORIZE THE AMENDMENT AND RESTATEMENT OF NJII'S BYLAWS AND ARTICLES OF INCORPORATION; (2) TO AUTHORIZE THE MERGER, CONSOLIDATION OR OTHER REORGANIZATION OF NJII; (3) TO AUTHORIZE THE LIQUIDATION OR DISSOLUTION OF NJII; AND (4) TO AUTHORIZE THE INITIATION OF INSOLVENCY OR BANKRUPTCY PROCEEDINGS. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 REVIEW PROCESS THE ORGANIZATION'S FORM 990 IS PREPARED BY A NATIONALLY RECOGNIZED ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S SENIOR MANAGEMENT AND FINANCIAL TEAM. UPON COMPLETION, THE ORGANIZATION'S EXTERNAL ACCOUNTING FIRM PRESENTS THE FORM 990 TO THE FINANCE AND AUDIT COMMITTEE OF THE BOARD OF DIRECTORS TO ENABLE THEM TO FULFILL THEIR DUE DILIGENCE AND OVERSIGHT RESPONSIBILITIES. A COPY OF THE FINAL FORM 990 IS SHARED WITH THE FULL BOARD OF DIRECTORS PRIOR TO ITS ELECTRONIC FILING WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT EACH OFFICER, DIRECTOR, AND KEY EMPLOYEE IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF THEIR RELATIONSHIP TO THE ORGANIZATION, BOARD SERVICE, OR POSITION WITHIN THE ORGANIZATION. THE ORGANIZATION MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH AN ANNUAL QUESTIONNAIRE/DISCLOSURE STATEMENT THAT IS DISTRIBUTED TO THESE INDIVIDUALS. POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION REVIEW & APPROVAL PROCESS COMPENSATION OF THE PRESIDENT AND CEO, TOP MANAGEMENT AND OTHER OFFICERS OF NEW JERSEY INNOVATION INSTITUTE, INC. IS ESTABLISHED BY NEW JERSEY INSTITUTE OF TECHNOLOGY, THE EMPLOYER OF RECORD. COMPENSATION LEVELS ARE ESTABLISHED WITHIN COMPETITIVE RANGES DETERMINED VIA COMPARISONS WITH SIMILAR ORGANIZATIONS AND LOCAL MARKET CONDITIONS. |
| FORM 990, PART VI, SECTION C, LINE 19 | AVAILABILITY OF DOCUMENTS THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS IN ADDITION TO POSTING IT ON THE ORGANIZATION'S WEBSITE. THE FORM 990 IS ALSO AVAILABLE ON WWW.GUIDESTAR.ORG. THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC, BUT, IF REQUESTED, WILL BE PROVIDED AT MANAGEMENT'S DISCRETION. |
| FORM 990, PART IX, LINE 11G | SUBCONTRACTORS: PROGRAM SERVICE EXPENSES 6,174,909. TOTAL EXPENSES 6,174,909. CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 2,353,240. MANAGEMENT AND GENERAL EXPENSES 144,607. TOTAL EXPENSES 2,497,847. OTHER OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 1,234,886. MANAGEMENT AND GENERAL EXPENSES 61,601. TOTAL EXPENSES 1,296,487. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NEW JERSEY INSTITUTE OF TECHNOLOGY | |||||||||||
| 323 MARTIN LUTHER KING JR BLVD | NEWARK | NJ | 07102 | 226000910 | PUBLIC RESEARCH UNIVERSITY | NJ | 115 | N/A | 0 | ||
| FOUNDATION AT NJ INSTITUTE OF TECH | |||||||||||
| 323 MARTIN LUTHER KING JR BLVD | NEWARK | NJ | 07102 | 221714037 | FUND RAISING ORGANIZATION | NJ | 501(C)(3) | 0 | LINE 7 | NJIT | |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HIGHLANDER FACTORY INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 211 WARREN STREET 3RD FLOOR | AddressLine1Txt |
| City | NEWARK | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 320559938 | EIN |
| Primary Activities | CONSULTING | PrimaryActivitiesTxt |
| Legal Domicile State | NJ | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NJII | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Share Of Total Income | $1,663,840 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $466,828 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | Yes (1) | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| HIGHLANDER FACTORY INC | ||
| D | $1,532,344 | FMV |
| HIGHLANDER FACTORY INC | ||
| L | $169,337 | FMV |