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Filing year 2023

NEW JERSEY INNOVATION INSTITUTE INC

Newark, New Jersey·EIN 47-1042118·NTEE U05 · Science & Technology·3
Total revenue
$30.8M
Total assets
$75.1M
Total expenses
$27.7M
Reported officers
29

Executive compensation, broken down

Form 990 · Schedule J · 13 reported individuals · Filing year 2023

Base salaryBonusOther compensationBenefits
Base salaryBonusOther compensationBenefitsExecutive compensation
Chief Operating Officer (as of 4/24)
$415k
$466k
Chief Technology Officer
highest compensated employee
$273k
$307k
VP Strategic Partnerships
vice president
$217k
$243k
Chief Financial Officer(as of 11/23)
$215k
$242k
Vice President Operations
vice president
$213k
$239k
VP Healthcare Division
vice president
$212k
$238k
Dir, Integration Healthcare Tech.
highest compensated employee
$198k
$222k
President & CEO (as of 10/23)
$80k
$90k
Interim Pres (thru 10/23)/director
officer (unspecified)
$64k
$72k
Vice Provost of Njit/director
board member
$61k
$68k
Former Chairman
former officer/director/trustee
$49k
$55k
Secretary (non Voting)
officer (unspecified)
$45k
$51k
Provost of Njit/dir (as of 9/23)
board member
$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.

Browse compensation in Science & Technology

Up 13%
from 2022

From $367k in 2022 to $415k in 2023.

$367k
2022
$415k
2023
In today's dollarsEst.
Up 9% in real terms$428k to $466k

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

Revenue and expenses over time

NEW JERSEY INNOVATION INSTITUTE INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$34.3M
$34.8M
2022
$30.8M
$27.7M
2023
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Science & Technology executives earn

Comparable science & technology organizations nationwide pay their highest-earning executive a median of $128,372.

25th percentile
$50k
Median
$128,372
75th percentile
$251k
90th percentile
$495k

These are science & technology sector-wide figures, not this organization's reported pay. Based on 1,028 organizations across 1,028 filings (2020 – 2024).

See full Science & Technology compensation data
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