Mission
SEE SCHEDULE O
Public Charity
NEW JERSEY INNOVATION INSTITUTE INC
NEW JERSEY INNOVATION INSTITUTE INC is a nonprofit organization categorized as Public Charity based in NEWARK, NJ. Its most recent IRS filing (2025) reports revenue of $21.2M, expenses of $36.6M, total assets of $60.7M. Imperigo tracks 5 reported grant relationships connected to this organization totaling approximately $540K.
EIN: 471042118
NEWARK, NJ
Research Institutes & Public Policy Analysis
NTEE: U05
Latest filing: 2025
Total Revenue$21.2M
Total Expenses$36.6M
Total Assets$60.7M
Grant Records5
Funding Total$540K
Filing Years2021–2025
Where $100 goes at New Jersey Innovation Institute Inc
How New Jersey Innovation Institute Inc divides every $100 it spends, from its own Form 990 filings, averaged across 5 years.
$84
Programs
the work itself
$16
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $84 for programs
$84
Njii helps to turn ideas into workable solutions across four divisions: healthcare, mission-drive ai, defense, and entrepreneurship.Healthcare the njii healthcare division supports programs that aim to revolutionize healthcare…
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
$133,183
GRANT FOR COMMUNITY ENTREPRENEURS PROGRAM
$75,000
$75,681
GRANT FOR COMMUNITY ENTREPRENEURS PROGRAM
$75,000
Policy
$181,224
Showing up to 5 of 5 total records — full history available with membership.
Officers & Directors
DIRECTOR
Al De Seta
VICE PROVOST OF NJIT/DIRECTOR
Atam Dhawan
VP HEALTHCARE DIVISION
Darlene Carr
DIRECTOR (AS OF 06/25)
David Spicka
CHAIRMAN (AS OF 11/24)
Dean Paranicas
DIRECTOR
Debbie Hart
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $21.2M | $36.6M | $60.7M |
| 2024 | $30.8M | $27.7M | $75.1M |
| 2023 | $34.3M | $34.8M | $73.8M |
| 2022 | $85.7M | $27.1M | $71.9M |
| 2021 | $28.4M | $29.7M | $15.5M |
Between 2021 and 2025, reported annual revenue declined from $28.4M to $21.2M (-25%), with total assets most recently reported at $60.7M.
Interactive year-over-year charts and full filing details available with membership.