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Filing year 2024

NEW HAVEN INNOVATION LABS INC

New Haven, Connecticut·EIN 87-3267187·NTEE S30 · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$978k
Total assets
$170k
Total expenses
$978k
Reported officers
5
Mission

TO PROMOTE, SUPPORT AND FURTHER THE ECONOMIC HEALTH AND DEVELOPMENT OF THE CITY OF NEW HAVEN AND ITS REGIONS THEREBY RELIEVING GOVERNMENTAL BURDENS, TO ADVANCE SCIENCE BY ENGAGING IN EFFORTS TO SUPPORT BIOMEDICAL AND OTHER SCIENTIFIC RESEARCH AND TO BENEFIT ITS SOLE MEMBER THE JOHN B. PIERCE LABORATORY, INC. (A 501(C)(3) ORGANIZATION). THE CORPORATION'S ACTIVITIES INCLUDE OPERATING AN INCUBATOR FACILITY FOR START-UP AND FLEDGLING COMPANIES ENGAGED IN BIO-SCIENTIFIC RESEARCH AND SUPPORTING SUCH RESEARCH, ENGAGING IN OTHER ACTIVITIES THAT SUPPORT JOB CREATION, PROMOTING COLLABORATION AND SHARING OF KNOWLEDGE AMONG SCIENTISTS AND ADVANCING EDUCATION AND TRAINING TO LOCAL STUDENTS IN BIOSCIENCE AND RESEARCH.

Executive compensation

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 Community Improvement & Capacity Building organizations nationwide.

Director
Board Member
Median to 75th percentile
$57k
$61k
Past Director
Board Member
Median to 75th percentile
$29k
$31k
Past Director
Board Member
25th percentile to median
$14k
$15k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 2 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at NEW HAVEN INNOVATION LABS INC equaled 6% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2024)
6%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 10%
from 2023

From $51k in 2023 to $57k in 2024.

$51k
2023
$57k
2024
In today's dollarsEst.
Up 7% in real terms$57k to $61k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Member pay rose 10% from 2023 to 2024, while revenue rose 30%.

$51k in 2023 to $57k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about NEW HAVEN INNOVATION LABS INC

What does the Board Member of NEW HAVEN INNOVATION LABS INC earn?

In 2024, the Board Member of NEW HAVEN INNOVATION LABS INC received $56,728 in total compensation. This pay is above the median (the midpoint) for Board Member roles among Community Improvement & Capacity Building organizations nationwide, within the top half of comparable filings. Based on IRS Form 990 data.

How does Board Member pay at NEW HAVEN INNOVATION LABS INC compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations nationwide, the 2024 pay of the Board Member at NEW HAVEN INNOVATION LABS INC falls between the median and the 75th percentile. In 2024, the highest total compensation at NEW HAVEN INNOVATION LABS INC equaled 6% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are NEW HAVEN INNOVATION LABS INC's revenue and expenses?

In 2024, NEW HAVEN INNOVATION LABS INC reported $978k in total revenue and $978k in total expenses on its IRS Form 990.

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