{"success":true,"data":{"_id":471042118,"filings":[{"Organization":{"value":null,"Person":["DR JOEL BLOOM","FADI DEEK","EDWARD BISHOF","HOLLY STERN","DR KENNETH BLANK","ANEESH CHOPRA","ROBERT COHEN","VINCENT DECAPRIO","NICHOLAS DENICHILO","EMILY DEROCCO","THERESA EDELSTEIN","CRAIG GOTSMAN","DEBBIE HART","JOSE LOZANO","PRABHAS MOGHE","DEAN PARANICAS","JENNIFER ROWLAND","MICHELE SIEKERKA","TOM WISNIEWSKI","SIMON NYNENS","HARTOUN HAROUNIAN","SUSAN FLYNN-HOLLANDER","JENNIFER D'ANGELO","TOMAS GREGORIO","JERRY VILBRUN","DONALD SEBASTIAN"],"Title":["CHAIRMAN","DIRECTOR","DIRECTOR","SECRETARY (NON VOTING)","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR (THRU 01/21)","DIRECTOR (AS OF 05/21)","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","CEO","SVP BIOPHARMA DIVISION","GEN COUNSEL/CHIEF COMPLIANCE OFFICER","SVP HEALTHCARE DIVISION","EXEC DIRECTOR HEALTHCARE SYSTEMS","CHIEF INFORMATION OFFICER","FORMER PRESIDENT & CEO"],"Hours":[1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,17.5,35.0,35.0,35.0,35.0,35.0,17.5],"Total Compensation":[43518,21103,71449,34082,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,56139,329560,265148,213807,202295,195545,58641],"Direct compensation":[0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,294744,224520,182996,185262,167558,0],"Other compensation":[43518,21103,71449,34082,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,56139,34816,40628,30811,17033,27987,58641]},"Basic":{"value":null,"mission":"We are an innovative research org. dedicated to revitalizing economic development within nj.","year":2020,"name":"NEW JERSEY INNOVATION INSTITUTE INC","phone":9735965800,"website":"WWW.NJII.COM","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"SIMON NYNENS","year_formation":2014,"state_legal_domicile":"NJ","total_volunteers":14,"tax_period_begin":"2020-07-01T00:00:00","tax_period_end":"2021-06-30T00:00:00","address":"323 MARTIN LUTHER KING JR BLVD, NEWARK, NJ, 7102, USA","city":"NEWARK","state":"NJ","country":"USA","zip_code":7102},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":17,"Number of independent voting members":14,"Number of employees total":154,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":154,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":28426314,"Contributions":{"value":21741711,"Other contributions":1202657,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":20539054,"Related organizations":0},"Program revenue":{"value":5378415,"Total revenue":{"value":5378415,"TUITION REVENUE":3567165,"COVID TESTING":769853,"PROF. DEVELOPMENT":475544,"BIOPHARMA TRAINING":451278,"OTHER ACTIVITIES":114575},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":90,"Investment income total":90,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":1306098,"Other total":0,"Royalties revenue":0,"Net rental income":1306098,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":29725789,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":10674879,"Current officers":187609,"Disqualified persons":0,"Other salaries and wages":8331049,"Pension plan contributions":590329,"Other employee benefits":1565892,"Payroll taxes":0},"Other expenses":{"value":19050910,"Management services":0,"Legal":145803,"Accounting":44202,"Lobbying services":0,"Investment management fees":0,"Other services":9969243,"Advertising":40776,"Office expenses":0,"Information technology":981871,"Royalties":0,"Occupancy":1938391,"Travel":26153,"Conferences and meetings":0,"Interest":296177,"Payments to affiliates":0,"Depreciation and depletion":427560,"Insurance":111468,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":4957356,"EDUCATIONAL COURSE FEES":2999059,"SHARED SERVICES":961472,"EQUIPMENT AND SUPPLIES":545487,"SUBSCRIPTIONS":451338},"All other expenses":111910},"Functional Expenses":{"value":null,"Program Service Expenses":24369441,"Management And General Expenses":5356348,"Fundraising Expenses":0}},"Assets":{"value":15517542,"Non-interest bearing cash":883874,"Savings and temp cash investments":0,"Pledges and grants receivable":588416,"Accounts receivable":608245,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":110686,"Land, building, equipment":7432566,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":5893755},"Liabilities":{"value":16741251,"Sum of Total Liabilities":0,"Accounts payable, accrued":5088491,"Grants payable":0,"Deferred, revenue":5673445,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":5979315},"Fund balance":{"value":-1223709,"Net assets without donor restriction":-1196504,"Net assets with donor restriction":-27205,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.8198080461379847,"percentile":0.6509234047352437},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":-0.0457138058771883,"percentile":0.29194186128744104},"Liabilities to Assets Ratio":{"score":1.078859718891046,"percentile":0.04346843746568933},"Operating Reserve Ratio":{"score":0.522022880536493,"percentile":0.26015756248813976},"Officer Compensation Ratio":{"score":0.05016812169392711,"percentile":0.7559338076244404},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":null,"percentile":null},"Asset Growth":{"score":null,"percentile":null},"Independent Voting Board Pct":{"score":0.8235294117647058,"percentile":0.19691544689275844},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.48251373438557266,"percentile":0.280291129699465}},"source_xml":"202221299349300042_public.xml"},{"Organization":{"value":null,"Person":["TEIK C LIM","ATAM DHAWAN","HOLLY STERN","ROBERT MEDINA","DR KENNETH BLANK","ROBERT COHEN","NICHOLAS DENICHILO","THERESA EDELSTEIN","CRAIG GOTSMAN","DEBBIE HART","JOSE LOZANO","PRABHAS MOGHE","DEAN PARANICAS","JENNIFER ROWLAND","AL DE SETA","DHIRAJ SHAH","MICHELE SIEKERKA","TOM WISNIEWSKI","SIMON NYNENS","TOM NEHILA","JENNIFER D'ANGELO","KEVIN SCULL","MATTHEW MOLINE","ZAINAB ALALI PHD","WILLIAM LUTZ","DR JOEL BLOOM"],"Title":["CHAIRMAN (7/22-6/23)/INTERIM PRES.","DIRECTOR","SECRETARY (NON VOTING)","CHAIRMAN (AS OF 6/23)","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR (AS OF 9/22)","DIRECTOR","DIRECTOR","DIRECTOR","PRESIDENT & CEO (THRU 8/22)","INTERIM CFO (AS OF 3/2023)","SVP HEALTHCARE DIVISION","CHIEF FINANCIAL OFFICER (THRU 2/23)","CHIEF TECHNOLOGY OFFICER","ASSOC. DR. OF QUALITY ASSURANCE","DIRECTOR OF VENTURELINK","FORMER CHAIRMAN"],"Hours":[5.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,17.5,35.0,35.0,35.0,35.0,35.0,35.0,0.0],"Total Compensation":[33740,52428,41592,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,55082,0,367232,251373,238135,214300,180944,45293],"Direct compensation":[0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,317001,205667,185762,191303,166869,0],"Other compensation":[33740,52428,41592,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,55082,0,50231,45706,52373,22997,14075,45293]},"Basic":{"value":null,"mission":"We are an innovative research org. dedicated to revitalizing economic development within nj.","year":2022,"name":"NEW JERSEY INNOVATION INSTITUTE INC","phone":9735965800,"website":"WWW.NJII.COM","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"DR MICHAEL JOHNSON PHD","year_formation":2014,"state_legal_domicile":"NJ","total_volunteers":15,"tax_period_begin":"2022-07-01T00:00:00","tax_period_end":"2023-06-30T00:00:00","address":"323 MARTIN LUTHER KING JR BLVD, NEWARK, NJ, 7102, USA","city":"NEWARK","state":"NJ","country":"USA","zip_code":7102},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":17,"Number of independent voting members":15,"Number of employees total":131,"Total Gross UBI":741009,"Net unrelated business taxable income":0,"Number of employees":131,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":34340267,"Contributions":{"value":27041814,"Other contributions":0,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":26615947,"Related organizations":425867},"Program revenue":{"value":3227234,"Total revenue":{"value":3227234,"PROF. DEVELOPMENT":1305549,"DIGITAL SCI. STUDIO":777317,"SHARED SERVICE REVENUE":741009,"EMS REGISTRY":215801,"OTHER ACTIVITIES":187558},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":2231873,"Investment income total":2231873,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":1839346,"Other total":0,"Royalties revenue":0,"Net rental income":1839346,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":34778092,"Grant expense":{"value":10365500,"Grants to domestic orgs":10365500,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":11234754,"Current officers":284365,"Disqualified persons":0,"Other salaries and wages":8722898,"Pension plan contributions":659795,"Other employee benefits":909535,"Payroll taxes":658161},"Other expenses":{"value":13177838,"Management services":0,"Legal":127006,"Accounting":83610,"Lobbying services":0,"Investment management fees":8117,"Other services":7469566,"Advertising":2580,"Office expenses":0,"Information technology":37550,"Royalties":0,"Occupancy":1851897,"Travel":113163,"Conferences and meetings":0,"Interest":148447,"Payments to affiliates":0,"Depreciation and depletion":683419,"Insurance":167495,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":2202125,"SHARED SERVICES":1500124,"SUBSCRIPTIONS":423263,"EQUIPMENT AND SUPPLIES":254251,"REPAIRS & MAINTENANCE":24487},"All other expenses":282863},"Functional Expenses":{"value":null,"Program Service Expenses":31701330,"Management And General Expenses":3076762,"Fundraising Expenses":0}},"Assets":{"value":73825081,"Non-interest bearing cash":1076510,"Savings and temp cash investments":66030565,"Pledges and grants receivable":91441,"Accounts receivable":174038,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":235388,"Land, building, equipment":894873,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":5322266},"Liabilities":{"value":16854576,"Sum of Total Liabilities":0,"Accounts payable, accrued":4178916,"Grants payable":0,"Deferred, revenue":386733,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":10900000,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":1388927},"Fund balance":{"value":56970505,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.9115316044364941,"percentile":0.7894316982591253},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":-0.012749609663780425,"percentile":0.35407757466913975},"Liabilities to Assets Ratio":{"score":0.2283041992192328,"percentile":0.23545514582135021},"Operating Reserve Ratio":{"score":2.122746728026368,"percentile":0.6314895804766889},"Officer Compensation Ratio":{"score":0.042558947742159056,"percentile":0.7942039914102094},"Program Expense Growth":{"score":0.13992183775039937,"percentile":0.7423129885921264},"Revenue Growth":{"score":0.059735359547333416,"percentile":0.6451044570448208},"Asset Growth":{"score":0.5423501575780822,"percentile":0.9776249310661829},"Independent Voting Board Pct":{"score":0.8823529411764706,"percentile":0.22601641852730345},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.6378544976928704,"percentile":0.7108881459680189}},"source_xml":"202401359349306595_public.xml"},{"Organization":{"value":null,"Person":["DR JOEL BLOOM","FADI DEEK","ATAM DHAWAN","HOLLY STERN","DR KENNETH BLANK","ANEESH CHOPRA","ROBERT COHEN","VINCENT DECAPRIO","NICHOLAS DENICHILO","THERESA EDELSTEIN","CRAIG GOTSMAN","DEBBIE HART","JOSE LOZANO","PRABHAS MOGHE","DEAN PARANICAS","JENNIFER ROWLAND","DHIRAJ SHAH","MICHELE SIEKERKA","TOM WISNIEWSKI","SIMON NYNENS","JENNIFER D'ANGELO","SUSAN FLYNN-HOLLANDER","KEVIN SCULL","JERRY VILBRUN","JOHN ULETT","DONALD SEBASTIAN"],"Title":["CHAIRMAN (THRU 6/30/22)","DIRECTOR (THRU 6/30/22)","DIRECTOR (AS OF 9/21)","SECRETARY (NON VOTING)","DIRECTOR","DIRECTOR (THRU 8/21)","DIRECTOR","DIRECTOR (THRU 9/21)","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR (AS OF 8/21)","DIRECTOR","DIRECTOR","PRESIDENT & CEO","SVP HEALTHCARE DIVISION","GEN COUNSEL/CHIEF COMPLIANCE OFFICER","CHIEF FINANCIAL OFFICER","CHIEF INFORMATION OFFICER","SENIOR SOLUTIONS ARCHITECT","FORMER PRESIDENT & CEO"],"Hours":[1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,17.5,35.0,35.0,35.0,35.0,35.0,0.0],"Total Compensation":[46638,25915,54480,40394,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,64219,346884,300471,218563,209405,201113,67449],"Direct compensation":[0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,300839,274717,176879,181270,178752,0],"Other compensation":[46638,25915,54480,40394,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,64219,46045,25754,41684,28135,22361,67449]},"Basic":{"value":null,"mission":"We are an innovative research org. dedicated to revitalizing economic development within nj.","year":2021,"name":"NEW JERSEY INNOVATION INSTITUTE INC","phone":9735965800,"website":"WWW.NJII.COM","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"DR TEIK C LIM","year_formation":2014,"state_legal_domicile":"NJ","total_volunteers":13,"tax_period_begin":"2021-07-01T00:00:00","tax_period_end":"2022-06-30T00:00:00","address":"323 MARTIN LUTHER KING JR BLVD, NEWARK, NJ, 7102, USA","city":"NEWARK","state":"NJ","country":"USA","zip_code":7102},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":16,"Number of independent voting members":13,"Number of employees total":148,"Total Gross UBI":132409,"Net unrelated business taxable income":0,"Number of employees":148,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":85737246,"Contributions":{"value":18972490,"Other contributions":28681,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":18943809,"Related organizations":0},"Program revenue":{"value":2403914,"Total revenue":{"value":2141428,"PROF. DEVELOPMENT":1342563,"DIGITAL CAPABILITY CTR":265222,"COVID TESTING":228730,"BIOPHARMA TRAINING":172504,"SHARED SERVICE REVENUE":132409},"Total other revenue":262486,"Unrelated business revenue":0},"Investment income":{"value":62784767,"Investment income total":35,"Net investment gain":62784732,"Income from invest bond proceeds":0},"Other revenues":{"value":1576075,"Other total":0,"Royalties revenue":0,"Net rental income":1576075,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":27105207,"Grant expense":{"value":479250,"Grants to domestic orgs":479250,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":9842335,"Current officers":208369,"Disqualified persons":0,"Other salaries and wages":7786818,"Pension plan contributions":559810,"Other employee benefits":1287338,"Payroll taxes":0},"Other expenses":{"value":16783622,"Management services":0,"Legal":293887,"Accounting":90487,"Lobbying services":0,"Investment management fees":0,"Other services":10064371,"Advertising":13768,"Office expenses":0,"Information technology":84372,"Royalties":0,"Occupancy":2150231,"Travel":118329,"Conferences and meetings":0,"Interest":232178,"Payments to affiliates":0,"Depreciation and depletion":695559,"Insurance":85071,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":2726439,"EQUIPMENT AND SUPPLIES":1203390,"SHARED SERVICES":1124725,"SUBSCRIPTIONS":377592,"REPAIRS & MAINTENANCE":20732},"All other expenses":228930},"Functional Expenses":{"value":null,"Program Service Expenses":22529065,"Management And General Expenses":4576142,"Fundraising Expenses":0}},"Assets":{"value":71920921,"Non-interest bearing cash":3905796,"Savings and temp cash investments":65000000,"Pledges and grants receivable":758475,"Accounts receivable":375046,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":115216,"Land, building, equipment":801513,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":964875},"Liabilities":{"value":14512591,"Sum of Total Liabilities":0,"Accounts payable, accrued":4400824,"Grants payable":0,"Deferred, revenue":9274837,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":836930},"Fund balance":{"value":57408330,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.8311711104069414,"percentile":0.6662462842274013},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.6838572701530441,"percentile":0.9568641029910455},"Liabilities to Assets Ratio":{"score":0.20178538870490828,"percentile":0.25001802590158184},"Operating Reserve Ratio":{"score":2.653398699371674,"percentile":0.6851888714798477},"Officer Compensation Ratio":{"score":0.0581265068368598,"percentile":0.718003542775819},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":null,"percentile":null},"Asset Growth":{"score":null,"percentile":null},"Independent Voting Board Pct":{"score":0.8125,"percentile":0.1945368759136644},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.6811481937721284,"percentile":0.8135196843921756}},"source_xml":"202331329349309618_public.xml"},{"Organization":{"value":null,"Person":["TEIK C LIM","ATAM DHAWAN","HOLLY STERN","JOHN PELESKO","ROBERT MEDINA","DR KENNETH BLANK","ROBERT COHEN","NICHOLAS DENICHILO","THERESA EDELSTEIN","CRAIG GOTSMAN","DEBBIE HART","JOSE LOZANO","WESLEY MATTHEWS","PRABHAS MOGHE","DEAN PARANICAS","JENNIFER ROWLAND","AL DE SETA","DHIRAJ SHAH","MICHELE SIEKERKA","TOM WISNIEWSKI","JENNIFER D'ANGELO","DR MICHAEL JOHNSON","TOM NEHILA","MATTHEW MOLINE","KATHLEEN NAASZ","JOSEPH CAUVIN","DARLENE CARR","JOHN NORDSTROM","DR JOEL BLOOM"],"Title":["INTERIM PRES (THRU 10/23)/DIRECTOR","VICE PROVOST OF NJIT/DIRECTOR","SECRETARY (NON VOTING)","PROVOST OF NJIT/DIR (AS OF 9/23)","CHAIRMAN","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR (THRU 8/23)","DIRECTOR","DIRECTOR (THRU 11/23)","DIRECTOR (AS OF 11/23)","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR (THRU 12/23)","CHIEF OPERATING OFFICER (AS OF 4/24)","PRESIDENT & CEO (AS OF 10/23)","CHIEF FINANCIAL OFFICER(AS OF 11/23)","CHIEF TECHNOLOGY OFFICER","VP STRATEGIC PARTNERSHIPS","VICE PRESIDENT OPERATIONS","VP HEALTHCARE DIVISION","DIR, INTEGRATION HEALTHCARE TECH.","FORMER CHAIRMAN"],"Hours":[5.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,35.0,35.0,35.0,35.0,35.0,35.0,35.0,35.0,0.0],"Total Compensation":[63758,60954,45311,16999,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,414887,79879,215234,273142,216831,213313,212149,198101,49136],"Direct compensation":[0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,362724,72700,214649,216930,200451,175107,176920,175053,0],"Other compensation":[63758,60954,45311,16999,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,52163,7179,585,56212,16380,38206,35229,23048,49136]},"Basic":{"value":null,"mission":"We are an innovative research org. dedicated to revitalizing economic development within nj.","year":2023,"name":"NEW JERSEY INNOVATION INSTITUTE INC","phone":9735965800,"website":"WWW.NJII.COM","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"DR MICHAEL JOHNSON","year_formation":2014,"state_legal_domicile":"NJ","total_volunteers":13,"tax_period_begin":"2023-07-01T00:00:00","tax_period_end":"2024-06-30T00:00:00","address":"323 MARTIN LUTHER KING JR BLVD, NEWARK, NJ, 7102, USA","city":"NEWARK","state":"NJ","country":"USA","zip_code":7102},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":16,"Number of independent voting members":13,"Number of employees total":154,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":154,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":30773365,"Contributions":{"value":23945968,"Other contributions":0,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":23591439,"Related organizations":354529},"Program revenue":{"value":3489725,"Total revenue":{"value":3489725,"PROF. DEVELOPMENT":2185794,"DIGITAL SCI. STUDIO":804400,"REIMBURSEMENT REVENUE":291970,"OTHER ACTIVITIES":207561},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":3317672,"Investment income total":3317672,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":20000,"Other total":0,"Royalties revenue":0,"Net rental income":20000,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":27724858,"Grant expense":{"value":258000,"Grants to domestic orgs":258000,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":12633948,"Current officers":514152,"Disqualified persons":0,"Other salaries and wages":9738400,"Pension plan contributions":760912,"Other employee benefits":912176,"Payroll taxes":708308},"Other expenses":{"value":14832910,"Management services":123845,"Legal":125924,"Accounting":81680,"Lobbying services":0,"Investment management fees":25626,"Other services":9056989,"Advertising":4354,"Office expenses":0,"Information technology":17100,"Royalties":0,"Occupancy":491963,"Travel":186378,"Conferences and meetings":0,"Interest":96188,"Payments to affiliates":0,"Depreciation and depletion":812041,"Insurance":198272,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":3603315,"SHARED SERVICES":1271898,"EQUIPMENT AND SUPPLIES":1143523,"SUBSCRIPTIONS":1015526,"MISC. EXPENSES":172368},"All other expenses":9235},"Functional Expenses":{"value":null,"Program Service Expenses":22325578,"Management And General Expenses":5399280,"Fundraising Expenses":0}},"Assets":{"value":75143617,"Non-interest bearing cash":2937102,"Savings and temp cash investments":67103088,"Pledges and grants receivable":65242,"Accounts receivable":500765,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":745381,"Land, building, equipment":563921,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":3228118},"Liabilities":{"value":15124605,"Sum of Total Liabilities":0,"Accounts payable, accrued":3054049,"Grants payable":0,"Deferred, revenue":313283,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":10900000,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":857273},"Fund balance":{"value":60019012,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.8052549087897943,"percentile":0.6321306582455914},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.09906316712520714,"percentile":0.6216029212426571},"Liabilities to Assets Ratio":{"score":0.201275977971622,"percentile":0.25031053712270557},"Operating Reserve Ratio":{"score":2.7103337012582713,"percentile":0.690016832182794},"Officer Compensation Ratio":{"score":0.07429051575304732,"percentile":0.6472095634434765},"Program Expense Growth":{"score":0.01205118068675943,"percentile":0.37125075299849786},"Revenue Growth":{"score":-0.09896590972933132,"percentile":0.14511943527319587},"Asset Growth":{"score":0.30588309463265373,"percentile":0.9224447947713752},"Independent Voting Board Pct":{"score":0.8125,"percentile":0.1945368759136644},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.5434715561771956,"percentile":0.4383414230469946}},"source_xml":"202500609349301000_public.xml"}],"Latest":{"Organization":{"value":null,"Person":["TEIK C LIM","ATAM DHAWAN","HOLLY STERN","JOHN PELESKO","ROBERT MEDINA","DR KENNETH BLANK","ROBERT COHEN","NICHOLAS DENICHILO","THERESA EDELSTEIN","CRAIG GOTSMAN","DEBBIE HART","JOSE LOZANO","WESLEY MATTHEWS","PRABHAS MOGHE","DEAN PARANICAS","JENNIFER ROWLAND","AL DE SETA","DHIRAJ SHAH","MICHELE SIEKERKA","TOM WISNIEWSKI","JENNIFER D'ANGELO","DR MICHAEL JOHNSON","TOM NEHILA","MATTHEW MOLINE","KATHLEEN NAASZ","JOSEPH CAUVIN","DARLENE CARR","JOHN NORDSTROM","DR JOEL BLOOM"],"Title":["INTERIM PRES (THRU 10/23)/DIRECTOR","VICE PROVOST OF NJIT/DIRECTOR","SECRETARY (NON VOTING)","PROVOST OF NJIT/DIR (AS OF 9/23)","CHAIRMAN","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR (THRU 8/23)","DIRECTOR","DIRECTOR (THRU 11/23)","DIRECTOR (AS OF 11/23)","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR","DIRECTOR (THRU 12/23)","CHIEF OPERATING OFFICER (AS OF 4/24)","PRESIDENT & CEO (AS OF 10/23)","CHIEF FINANCIAL OFFICER(AS OF 11/23)","CHIEF TECHNOLOGY OFFICER","VP STRATEGIC PARTNERSHIPS","VICE PRESIDENT OPERATIONS","VP HEALTHCARE DIVISION","DIR, INTEGRATION HEALTHCARE TECH.","FORMER CHAIRMAN"],"Hours":[5.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,35.0,35.0,35.0,35.0,35.0,35.0,35.0,35.0,0.0],"Total Compensation":[63758,60954,45311,16999,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,414887,79879,215234,273142,216831,213313,212149,198101,49136],"Direct compensation":[0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,362724,72700,214649,216930,200451,175107,176920,175053,0],"Other compensation":[63758,60954,45311,16999,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,52163,7179,585,56212,16380,38206,35229,23048,49136]},"Basic":{"value":null,"mission":"We are an innovative research org. dedicated to revitalizing economic development within nj.","year":2023,"name":"NEW JERSEY INNOVATION INSTITUTE INC","phone":9735965800,"website":"WWW.NJII.COM","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"DR MICHAEL JOHNSON","year_formation":2014,"state_legal_domicile":"NJ","total_volunteers":13,"tax_period_begin":"2023-07-01T00:00:00","tax_period_end":"2024-06-30T00:00:00","address":"323 MARTIN LUTHER KING JR BLVD, NEWARK, NJ, 7102, USA","city":"NEWARK","state":"NJ","country":"USA","zip_code":7102},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":16,"Number of independent voting members":13,"Number of employees total":154,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":154,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":30773365,"Contributions":{"value":23945968,"Other contributions":0,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":23591439,"Related organizations":354529},"Program revenue":{"value":3489725,"Total revenue":{"value":3489725,"PROF. DEVELOPMENT":2185794,"DIGITAL SCI. STUDIO":804400,"REIMBURSEMENT REVENUE":291970,"OTHER ACTIVITIES":207561},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":3317672,"Investment income total":3317672,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":20000,"Other total":0,"Royalties revenue":0,"Net rental income":20000,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":27724858,"Grant expense":{"value":258000,"Grants to domestic orgs":258000,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":12633948,"Current officers":514152,"Disqualified persons":0,"Other salaries and wages":9738400,"Pension plan contributions":760912,"Other employee benefits":912176,"Payroll taxes":708308},"Other expenses":{"value":14832910,"Management services":123845,"Legal":125924,"Accounting":81680,"Lobbying services":0,"Investment management fees":25626,"Other services":9056989,"Advertising":4354,"Office expenses":0,"Information technology":17100,"Royalties":0,"Occupancy":491963,"Travel":186378,"Conferences and meetings":0,"Interest":96188,"Payments to affiliates":0,"Depreciation and depletion":812041,"Insurance":198272,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":3603315,"SHARED SERVICES":1271898,"EQUIPMENT AND SUPPLIES":1143523,"SUBSCRIPTIONS":1015526,"MISC. EXPENSES":172368},"All other expenses":9235},"Functional Expenses":{"value":null,"Program Service Expenses":22325578,"Management And General Expenses":5399280,"Fundraising Expenses":0}},"Assets":{"value":75143617,"Non-interest bearing cash":2937102,"Savings and temp cash investments":67103088,"Pledges and grants receivable":65242,"Accounts receivable":500765,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":745381,"Land, building, equipment":563921,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":3228118},"Liabilities":{"value":15124605,"Sum of Total Liabilities":0,"Accounts payable, accrued":3054049,"Grants payable":0,"Deferred, revenue":313283,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":10900000,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":857273},"Fund balance":{"value":60019012,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.8052549087897943,"percentile":0.6321306582455914},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.09906316712520714,"percentile":0.6216029212426571},"Liabilities to Assets Ratio":{"score":0.201275977971622,"percentile":0.25031053712270557},"Operating Reserve Ratio":{"score":2.7103337012582713,"percentile":0.690016832182794},"Officer Compensation Ratio":{"score":0.07429051575304732,"percentile":0.6472095634434765},"Program Expense Growth":{"score":0.01205118068675943,"percentile":0.37125075299849786},"Revenue Growth":{"score":-0.09896590972933132,"percentile":0.14511943527319587},"Asset Growth":{"score":0.30588309463265373,"percentile":0.9224447947713752},"Independent Voting Board Pct":{"score":0.8125,"percentile":0.1945368759136644},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.5434715561771956,"percentile":0.4383414230469946}},"source_xml":"202500609349301000_public.xml"},"sector":"Public, Societal Benefit","donation_categories":[],"zakat_policy":null},"error":null}