Executive compensation, broken down
Form 990 · Part VII & Schedule J · 13 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Science & Technology organizations nationwide.
- Base
- $323k
- Bonus
- $39k
- Other
- $690
- Benefits
- $26k
- Base
- $211k
- Bonus
- $5k
- Other
- $690
- Benefits
- $37k
- Base
- $199k
- Bonus
- —
- Other
- $1k
- Benefits
- $416
- Base
- $215k
- Bonus
- —
- Other
- $76
- Benefits
- $585
- Base
- $169k
- Bonus
- $5k
- Other
- $1k
- Benefits
- $24k
- Base
- $171k
- Bonus
- $5k
- Other
- $584
- Benefits
- $21k
- Base
- $171k
- Bonus
- $3k
- Other
- $690
- Benefits
- $9k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Chief Operating Officer (as of 4/24) 75th to 90th percentile | $323k | $39k | $690 | $26k | $415k $466k |
Chief Technology Officer Highest Compensated Employee Median to 75th percentile | $211k | $5k | $690 | $37k | $273k $307k |
VP Strategic Partnerships Board Vice President 25th percentile to median | $199k | — | $1k | $416 | $217k $243k |
Chief Financial Officer(as of 11/23) Median to 75th percentile | $215k | — | $76 | $585 | $215k $242k |
Vice President Operations Board Vice President 25th percentile to median | $169k | $5k | $1k | $24k | $213k $239k |
VP Healthcare Division Board Vice President 25th percentile to median | $171k | $5k | $584 | $21k | $212k $238k |
Dir, Integration Healthcare Tech. Highest Compensated Employee 25th percentile to median | $171k | $3k | $690 | $9k | $198k $222k |
President & CEO (as of 10/23) 25th percentile to median | — | — | — | — | $80k $90k |
Interim Pres (thru 10/23)/director Officer (Unspecified) | — | — | — | — | $64k $72k |
Vice Provost of Njit/director Board Member Median to 75th percentile | — | — | — | — | $61k $68k |
Former Chairman Former Officer/director/trustee 25th percentile to medianvs all sectors nationwide | — | — | — | — | $49k $55k |
Secretary (non Voting) Officer (Unspecified) | — | — | — | — | $45k $51k |
Provost of Njit/dir (as of 9/23) Board Member 25th percentile to median | — | — | — | — | $17k $19k |
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 16 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at NEW JERSEY INNOVATION INSTITUTE INC equaled 1% of the organization's total expenses. The median for science & technology organizations is 9%.
Based on 1,078 science & technology organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 13%
from 2022
From $367k in 2022 to $415k in 2023.
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.
Highest Compensated Employee pay rose 15% from 2022 to 2023, while revenue fell 10%.
- Chief Financial Officer pay fell 14% from 2022 to 2023.
- Chief Executive Officer pay rose 45% from 2022 to 2023.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about NEW JERSEY INNOVATION INSTITUTE INC
What does the Chief Operating Officer of NEW JERSEY INNOVATION INSTITUTE INC earn?
In 2023, the Chief Operating Officer of NEW JERSEY INNOVATION INSTITUTE INC received $414,887 in total compensation. This pay is in the top quarter for Chief Operating Officer roles among Science & Technology organizations nationwide, though not the top 10% of comparable filings. Based on IRS Form 990 data.
How does Chief Operating Officer pay at NEW JERSEY INNOVATION INSTITUTE INC compare with similar nonprofits?
Compared with the same role at Science & Technology organizations nationwide, the 2023 pay of the Chief Operating Officer at NEW JERSEY INNOVATION INSTITUTE INC falls between the 75th and 90th percentiles. In 2023, the highest total compensation at NEW JERSEY INNOVATION INSTITUTE INC equaled 1% of the organization's total expenses. The median for science & technology organizations is 9%.
What are NEW JERSEY INNOVATION INSTITUTE INC's revenue and expenses?
In 2023, NEW JERSEY INNOVATION INSTITUTE INC reported $30.8M in total revenue and $27.7M in total expenses on its IRS Form 990.
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