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Filing year 2023

NEW JERSEY INNOVATION INSTITUTE INC

Newark, New Jersey·EIN 47-1042118·NTEE U05 · Science & Technology·501(c)(3)
Total revenue
$30.8M
Total assets
$75.1M
Total expenses
$27.7M
Reported officers
29

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.

Chief Operating Officer (as of 4/24)
75th to 90th percentile
$415k
$466k
Base
$323k
Bonus
$39k
Other
$690
Benefits
$26k
Chief Technology Officer
Highest Compensated Employee
Median to 75th percentile
$273k
$307k
Base
$211k
Bonus
$5k
Other
$690
Benefits
$37k
VP Strategic Partnerships
Board Vice President
25th percentile to median
$217k
$243k
Base
$199k
Bonus
Other
$1k
Benefits
$416
Chief Financial Officer(as of 11/23)
Median to 75th percentile
$215k
$242k
Base
$215k
Bonus
Other
$76
Benefits
$585
Vice President Operations
Board Vice President
25th percentile to median
$213k
$239k
Base
$169k
Bonus
$5k
Other
$1k
Benefits
$24k
VP Healthcare Division
Board Vice President
25th percentile to median
$212k
$238k
Base
$171k
Bonus
$5k
Other
$584
Benefits
$21k
Dir, Integration Healthcare Tech.
Highest Compensated Employee
25th percentile to median
$198k
$222k
Base
$171k
Bonus
$3k
Other
$690
Benefits
$9k
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.

Browse compensation in Science & Technology

Pay in context

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%.

This organization (2023)
1%
Sector median
9%
Middle half of sector
4% to 21%

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.

$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.

Pay for the position

Highest Compensated Employee pay rose 15% from 2022 to 2023, while revenue fell 10%.

$238k in 2022 to $273k in 2023.
  • 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.

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.

1
CORIELL INSTITUTE FOR MEDICAL RESEARCH INC2023
$774k
2
NEW JERSEY INNOVATION INSTITUTE INC2023
$415k
See full COO compensation rankings across Science & Technology
FAQ

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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