The Jacobs Institute Inc

Nonprofit profile at a glance

EIN
263085485
IRS 990 coverage
2012–2025
Forms available
Form 990 2025, Form 990-EZ 2011
Location
Buffalo, NY, USA
Phone
7168884805
Rating
75
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Nerve, Muscle, Bone Diseases Research

Official website

Reported finances

Revenue
$13,903,778
Expenses
$12,142,887
Assets
$10,729,462
Liabilities
$5,317,481

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

20 people listed

Executive titles in this filing

  • ADNAN H SIDDIQUI MD (CHIEF MEDICAL OFFICER & CEO)

Highest reported compensation

  • ADNAN H SIDDIQUI MD (CHIEF MEDICAL OFFICER & CEO): $750,000 total reported compensation
  • CARLOS PENA (CHIEF REGULATORY & QUALITY): $444,944 total reported compensation
  • TIMOTHY KORN (CHIEF FINANCIAL OFFICER): $253,719 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The jacobs institute, inc., located in buffalo, New York, was formed in 2008 to accomplish the vision of making western New York a center for world-class excellence in research, teaching, public awareness and advances in clinical and minimally-invasive surgical treatment of global vascular disease.

What it reported doing in 2025

Investigation and due diligence related to implementation of all activities on schedule o.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 74
  • Accountability: 87
  • Sustainability: 41
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 68.3%; rating input score 68
  • Program expense ratio: 78%; rating input score 78
  • Fundraising efficiency: $33.27 raised per $1 spent on fundraising; rating input score 68; 68th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 77.8%; rating input score 78; 13th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 12.7%; rating input score 64; 64th percentile among comparable filings
  • Total-asset coverage ratio: 0.88; rating input score 25; 25th percentile among comparable filings
  • Liabilities to assets ratio: 0.5; rating input score 26; 26th percentile among comparable filings
  • Officer compensation ratio: 18.8%; rating input score 7; 7th percentile among comparable filings

Growth

  • Program expense growth: 14.1% per year; rating input score 100; 79th percentile among comparable filings
  • Revenue growth: 14.8% per year; rating input score 100; 86th percentile among comparable filings
  • Asset growth: 11% per year; rating input score 100; 71st percentile among comparable filings

Details

  • Where the money goes: 68.3% of revenue deployed · 78% of spending went to programs
  • Governance: 7 of 9 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $9.5M in reported program spending
  • Leadership: top reported pay $750K · 20 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $369K reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 8 filed schedules · includes major donors and executive pay
  • Filing history: 13 filing years from 2012 to 2025
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Total-asset coverage ratio scored 25/100.
  • High — Sustainability: Officer compensation ratio scored 7/100.
  • High — Sustainability: Liabilities to assets ratio scored 26/100.