THE MISSION OF THE INSTITUTE AS A GATEWAY FOR INTEGRATING THE EXTRAORDINARY ACADEMIC, INDUSTRIAL AND ENTREPRENEURIAL RESOURCES OF THE NEW YORK/NEW JERSEY METROPOLITAN AREA INTO A DYNAMIC RAPID-RESPONSE ENTERPRISE FOR ADVANCING BASIC AND TRANSLATIONAL RESEARCH AND ENTREPRENEURISM IN THE LIFE SCIENCES. IT IS STRUCTURED AS A NON-PROFIT, AUTONOMOUS LIFE SCIENCE RESEARCH INSTITUTE LOCATED ON THE CAMPUS OF KEAN UNIVERSITY, IN UNION, NEW JERSEY, GOVERNED BY A BOARD OF DIRECTORS.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 3 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Medical Research organizations nationwide.
- Base
- $155k
- Bonus
- —
- Other
- —
- Benefits
- $12k
- Base
- $134k
- Bonus
- —
- Other
- —
- Benefits
- $17k
- Base
- $150k
- Bonus
- —
- Other
- —
- Benefits
- $164
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Vice President of Research Vice President Median to 75th percentile | $155k | — | — | $12k | $167k $181k |
President Median to 75th percentile | $134k | — | — | $17k | $152k $164k |
Vice President Board Vice President 25th percentile to median | $150k | — | — | $164 | $150k $162k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 6 unpaid individuals.
Top pay as a share of expenses
In 2024, the highest total compensation at INSTITUTE FOR LIFE SCIENCE ENTREPRENEURSHIP equaled 18% of the organization's total expenses. The median for medical research organizations is 10%.
Based on 1,118 medical research organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 7%
from 2023
From $156k in 2023 to $167k in 2024.
Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Vice President pay rose 7% from 2023 to 2024, while revenue rose 5%.
- Chief Executive Officer pay rose 40% from 2023 to 2024.
- Board Vice President pay held roughly steady from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about INSTITUTE FOR LIFE SCIENCE ENTREPRENEURSHIP
What does the Vice President of INSTITUTE FOR LIFE SCIENCE ENTREPRENEURSHIP earn?
In 2024, the Vice President of INSTITUTE FOR LIFE SCIENCE ENTREPRENEURSHIP received $167,162 in total compensation. This pay is above the median (the midpoint) for Vice President roles among Medical Research organizations nationwide, within the top half of comparable filings. Based on IRS Form 990 data.
How does Vice President pay at INSTITUTE FOR LIFE SCIENCE ENTREPRENEURSHIP compare with similar nonprofits?
Compared with the same role at Medical Research organizations nationwide, the 2024 pay of the Vice President at INSTITUTE FOR LIFE SCIENCE ENTREPRENEURSHIP falls between the median and the 75th percentile. In 2024, the highest total compensation at INSTITUTE FOR LIFE SCIENCE ENTREPRENEURSHIP equaled 18% of the organization's total expenses. The median for medical research organizations is 10%.
What are INSTITUTE FOR LIFE SCIENCE ENTREPRENEURSHIP's revenue and expenses?
In 2024, INSTITUTE FOR LIFE SCIENCE ENTREPRENEURSHIP reported $953k in total revenue and $923k in total expenses on its IRS Form 990.
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