New Jersey Innovation Institute Inc.

Fiscal year ending 2024. Filed on March 1, 2025.

323 Martin Luther King Jr Blvd
Newark, New Jersey 07102

New Jersey Innovation Institute Inc. (EIN: 47-1042118) has filed an IRS Form 990 since fiscal year 2021. In its fiscal year 2024 IRS Form 990 filing, New Jersey Innovation Institute Inc., a 501(c)(3) charitable organization, reported compensation for 13 out of 154 total employees. Among the employees shown here, the average compensation is $347,128. The highest compensated employee at New Jersey Innovation Institute Inc. is Teik C Lim with fiscal year 2024 compensation of $913,214.

Revenue, expenses, and employee compensation

Revenue

$30,773,365

Expenses

$27,724,858

Employee compensation

$12,633,948

Reported Compensated Employees

Teik C Lim

Interim PRES (Thru 10/23)/Director

$913,214

$0 $849,456 $63,758

Dr Joel Bloom

Former Chair

$622,674

$0 $573,538 $49,136

Atam Dhawan

VICE Provost of Njit/Director

$526,238

$0 $465,284 $60,954

Jennifer D'Angelo

Chief Operating Officer (AS of 4/24)

$414,887

$362,724 No related comp$52,163

Holly Stern

Non-Voting Secretary

$405,954

$0 $360,643 $45,311

Matthew Moline

Chief Technology Officer

$273,142

$216,930 No related comp$56,212

John Pelesko

Provost of Njit/Dir (AS of 9/23)

$221,044

$0 $204,045 $16,999

Kathleen Naasz

Vice President, Strategic Partnerships

$216,831

$200,451 No related comp$16,380

Tom Nehila

Chief Financial Officer(As of 11/23)

$215,234

$214,649 No related comp$585

Joseph Cauvin

Vice President, Operations

$213,313

$175,107 No related comp$38,206

Darlene Carr

Vice President Healthcare Division

$212,149

$176,920 No related comp$35,229

John Nordstrom

Director, Integration Healthcare TECH

$198,101

$175,053 No related comp$23,048

Benchmark Employee Compensation

Non-Employee Board Members

Director (Thru 8/23)

Dr Kenneth Blank

Jennifer Rowland

Director (Part-Year)

Michele Siekerka

Nicholas Denichilo

Contractors

Information Technology

Teksystems Inc.

Healthcare Consulting

Healthcare Consulting

Global Tek Works

Intraprise Health LLC

Healthcare Consulting

Mission Statement

WE ARE AN INNOVATIVE RESEARCH ORG. DEDICATED TO REVITALIZING ECONOMIC DEVELOPMENT WITHIN NJ.

Revisions to this organization profile

March 1, 2025:

2024 New Jersey Innovation Institute Inc. 990 filed

May 14, 2024:

2023 New Jersey Innovation Institute Inc. 990 filed

May 12, 2023:

2022 New Jersey Innovation Institute Inc. 990 filed

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