New Jersey Innovation Institute Inc
New Jersey Innovation Institute Inc. (NJII) is a public charity based in Newark, New Jersey, and an NJIT corporation. Founded in 2014, it connects New Jersey Institute of Technology resources with industry, government, and other partners to foster innovation, accelerate technology translation, and support workforce development.
Key facts about New Jersey Innovation Institute Inc
In short: New Jersey Innovation Institute Inc gave $10.0M across 25 grants in 2025 (avg $401K), mostly in New Jersey. 72% of 2025 grantees were new. Source: 2025 IRS Form 990.
- EIN
- 47-1042118
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $10,032,000
- Grants made (2025)
- 25
- Average grant
- $401,280
- Median grant
- $15,000
- New grantees (estimate)
- 72% first-time grantees (18 of 25, 2025)
- Total assets
- $60,658,606
- Primary geography
- New Jersey (100% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$60.7M
-19.3% YoY
Annual Giving
$10.0M
+4261.7% YoY
Grant Count
25
+66.7% YoY
Avg Grant Size
$401K
+2517.0% YoY
Is New Jersey Innovation Institute Inc open to new grantees?
72%
first-time grantees, 2025
In 2025, 18 of 25 grantees (72%) were first-time recipients. First grants averaged $186K; repeat grants $955K. How we count
Medians: $23K first-time, $13K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2022–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
NJII states that it is an innovative research organization dedicated to revitalizing economic development in New Jersey. Its work includes healthcare technology and data interoperability; AI and machine learning; defense-related technology and workforce development; and entrepreneurship, including startup acceleration and venture creation.
The organization says its Substance Use Disorder Program funds qualifying treatment providers to deploy or upgrade electronic health record technology and improve care for people experiencing addiction. Its 2025 grants also included support for NJIT projects and the Grace Hopper AI Institute.
Past grantees illustrate the types of organizations supported. Eva’s Village describes its mission as empowering people in need with hope, support, and resources to live stable, healthy, and productive lives. Newbridge Services says it provides counseling, housing, and education to help residents overcome adversity. Organization for Recovery describes its work as providing addiction treatment and community resources to reduce harm from substance abuse.
Grantmaking
In filing year 2025, NJII reported 25 grants totaling $10,032,000. Awards ranged from $7,500 to $6,617,000, with a median of $15,000. All reported grant dollars went to recipients in New Jersey.
Open Grants
5 open opportunities from New Jersey Innovation Institute Inc
Behavioral Health Promoting Interoperability Program (BH PIP)
New Jersey Innovation Institute Inc
Amount
Varies
Deadline
Rolling / Open
Market Pathways Program
New Jersey Innovation Institute Inc
Amount
Stipend provided during program (amount not specified)
Deadline
Rolling / Open
Merit-Based Incentive Payment System (MIPS) Support Services
New Jersey Innovation Institute Inc
Amount
Paid service (pricing not specified)
Deadline
Rolling / Open
Ready to take the next step with New Jersey Innovation Institute Inc?
Geographic Focus
Where this funder awards grants
NJII describes its economic-development mission as focused on New Jersey. All grant dollars reported for 2025 went to New Jersey recipients. Its Paul Profeta Community Entrepreneurship Program serves aspiring and early-stage entrepreneurs in Newark and surrounding areas.
Grant Distribution by State
Share of all 25 itemized 2025 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
481 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| NJ INSTITUTE OF TECHNOLOGY Newark, NJ | ERP IMPLEMENTATION/VARIOUS OTHER PROGRAMMATIC PROJECTS | $6,617,000 |
| FOUNDATION AT NJ INSTITUTE OF TECHNOLOGY Newark, NJ | GRACE HOPPER AI INSTITUTE | $3,000,000 |
| ALTERNATIVE COUNSELING METHOD LLC Neptune, NJ | SUBSTANCE USE DISORDER PROGRAM | $42,500 |
| OPTIMAL BEHAVIORAL HEALTH LLC Villas, NJ | SUBSTANCE USE DISORDER PROGRAM | $32,500 |
| GREATER ESSEX COUNSELING SERVICES LLC Newark, NJ | SUBSTANCE USE DISORDER PROGRAM | $25,000 |
| IRVINGTON COUNSELING CENTER INC Irvington, NJ | SUBSTANCE USE DISORDER PROGRAM | $25,000 |
| JOHN GORE CLEAR CONSCIENCE COUNSELING LLC South Plainfield, NJ | SUBSTANCE USE DISORDER PROGRAM | $25,000 |
| MERCER BEHAVIORAL HEALTH Ewing, NJ | SUBSTANCE USE DISORDER PROGRAM | $25,000 |
| OCEAN MENTAL HEALTH SERVICES INC Bayville, NJ | SUBSTANCE USE DISORDER PROGRAM | $25,000 |
| THE RESTORATION CENTER INC Newark, NJ | SUBSTANCE USE DISORDER PROGRAM | $25,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grant total | Grant count |
|---|---|---|---|---|---|
| 2025 | $60,658,606 | $21,213,735 | $36,629,425 | $10,032,000 | 25 |
| 2024 | $75,143,617 | $30,773,365 | $27,724,858 | $230,000 | 15 |
| 2023 | $73,825,081 | $34,340,267 | $34,778,092 | $10,260,000 | 419 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $60,658,606 | $75,143,617 | $73,825,081 |
| Revenue | $21,213,735 | $30,773,365 | $34,340,267 |
| Expenses | $36,629,425 | $27,724,858 | $34,778,092 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $2,768,249 | $3,317,672 | $2,231,873 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2025 (received by the IRS April 29, 2026)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 14, 2024)
- IRS filings on file for fiscal years 2021–2024
Leadership & Key People
Leadership team and compensation from IRS filings
Officers and directors listed on the 2025 filing include Teik C Lim, President of NJIT and director; John Pelesko, Provost of NJIT and director; Atam Dhawan, Vice Provost of NJIT and director; and Debbie Hart, director. Dean Paranicas was listed as chairman as of November 2024; Robert Medina was listed as chairman through November 2024. Dr. Kenneth Blank, Nicholas Denichilo, and Theresa Edelstein were listed as directors through June 2025. Robert Cohen was also listed as a director.
New Jersey Innovation Institute Inc is led by Michael Johnson, President & CEO on every filing since 2024; 8 of 25 officers listed in 2025 are compensated.
Officers on the 2025 filing
Michael Johnson
President & CEO
On filings since 2024
35 hrs/week
$73K (2024) → $390K (2025)
Teik C. Lim
President of Njit & Director
Chairman & Interim President → Interim President & Director, 2024
Interim President & Director → President of Njit & Director, 2025
On filings since 2023
5 hrs/week
No compensation reported
Dean Paranicas
Chairman
Director → Chairman, 2025
On filings since 2021
1 hr/week
No compensation reported
Robert Medina
Chairman
On filings since 2023
1 hr/week
No compensation reported
Sairaj Kistnam Setty
Senior Director, It & Security
New on the 2025 filing
35 hrs/week
$181K (2025)
Debbie Hart
Director
On filings since 2021
1 hr/week
No compensation reported
Jennifer Rowland
Director
On filings since 2021
1 hr/week
No compensation reported
Kenneth Blank
Director
On filings since 2021
1 hr/week
No compensation reported
Michele Siekerka
Director
On filings since 2021
1 hr/week
No compensation reported
Nicholas Denichilo
Director
On filings since 2021
1 hr/week
No compensation reported
Prabhas Moghe
Director
On filings since 2021
1 hr/week
No compensation reported
Robert Cohen
Director
On filings since 2021
1 hr/week
No compensation reported
Theresa Edelstein
Director
On filings since 2021
1 hr/week
No compensation reported
Atam Dhawan
Vice Provost of Njit & Director
Director → Vice Provost of Njit & Director, 2024
On filings since 2022
1 hr/week
No compensation reported
Dhiraj Shah
Director
On filings since 2022
1 hr/week
No compensation reported
Al De Seta
Director
On filings since 2023
1 hr/week
No compensation reported
John Pelesko
Provost of Njit & Director
On filings since 2024
1 hr/week
No compensation reported
Wesley Matthews
Director
On filings since 2024
1 hr/week
No compensation reported
David Spicka
Director
New on the 2025 filing
1 hr/week
No compensation reported
Jennifer D'angelo
Chief Operating Officer
Senior Vice President Healthcare Division → Chief Operating Officer, 2024
On filings since 2021
35 hrs/week
$183K (2021) → $382K (2025)
Tom Nehila
Chief Financial Officer
Interim CFO → Chief Financial Officer, 2024
On filings since 2023
35 hrs/week
$215K (2024) → $263K (2025)
Darlene Carr
Vice President Healthcare Division
On filings since 2024
35 hrs/week
$177K (2024) → $207K (2025)
Joseph Cauvin
Vice President Operations
On filings since 2024
35 hrs/week
$175K (2024) → $181K (2025)
Michael Van Ter Sluis
Vice President Entrepreneurship
New on the 2025 filing
35 hrs/week
$206K (2025)
Stacey Clark
Vice President Defense
New on the 2025 filing
35 hrs/week
$186K (2025)
Former officers (23)
- Former: Craig Gotsman (2021–2024) — Director
- Former: Holly Stern (2021–2024) — Secretary
- Former: Joel Bloom (2021–2024) — Former Chairman
- Former: Jose Lozano (2021–2024) — Director
- Former: Tom Wisniewski (2021–2024) — Director
- Former: Matthew Moline (2023–2024) — Chief Technology Officer
- Former: John Nordstrom (2024) — Director & Integration Healthcare Tech.
- Former: Kathleen Naasz (2024) — Vice President Strategic Partnerships
- Former: Simon Nynens (2021–2023) — President & CEO
- Former: Kevin Scull (2022–2023) — Chief Financial Officer
- Former: William Lutz (2023) — Director of Venturelink
- Former: Zainab Alali PhD (2023) — Associate Dr. of Quality Assurance
- Former: Aneesh Chopra (2021–2022) — Director
- Former: Donald Sebastian (2021–2022) — Former President & CEO
- Former: Fadi Deek (2021–2022) — Director
- Former: Jerry Vilbrun (2021–2022) — Chief Information Officer
- Former: Susan Flynn-Hollander (2021–2022) — General Counsel & Chief Compliance Officer
- Former: Vincent Decaprio (2021–2022) — Director
- Former: John Ulett (2022) — Senior Solutions Architect
- Former: Edward Bishof (2021) — Director
- Former: Emily Derocco (2021) — Director
- Former: Hartoun Harounian (2021) — Senior Vice President Biopharma Division
- Former: Tomas Gregorio (2021) — Executive Director Healthcare Systems
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
Contact
Mailing address: 211 Warren Street 2Nd Floor, Newark, NJ 07103
Phone: (973) 596-5800
Website: https://njii.com
Frequently asked questions about New Jersey Innovation Institute Inc
How much does New Jersey Innovation Institute Inc give each year?
New Jersey Innovation Institute Inc gave $10.0M across 25 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $230K across 15 grants.
What is New Jersey Innovation Institute Inc's typical grant size?
New Jersey Innovation Institute Inc's median grant in 2025 was $15,000, and its average grant was $401,280, across 25 grants on its 2025 IRS Form 990. Organizations receiving their first grant from New Jersey Innovation Institute Inc that year got $186K on average.
Where does New Jersey Innovation Institute Inc give grants?
New Jersey Innovation Institute Inc gives mostly in New Jersey: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Newark, NJ (4 grants), Lakewood, NJ (3 grants) and Trenton, NJ (2 grants).
Does New Jersey Innovation Institute Inc give general operating support?
Not in 2025: none of the 25 grants with a stated purpose on New Jersey Innovation Institute Inc's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Substance Use Disorder Program" (23 grants).
Who are New Jersey Innovation Institute Inc's largest grantees?
New Jersey Innovation Institute Inc's largest 2025 grantees include NJ Institute of Technology ($6,617,000), Foundation at NJ Institute of Technology ($3,000,000) and Alternative Counseling Method LLC ($42,500), according to its 2025 IRS Form 990. Together they received 96% of its itemized 2025 grant dollars.
How large is New Jersey Innovation Institute Inc?
New Jersey Innovation Institute Inc reported $60.7M in total assets on its 2025 IRS Form 990. Its revenue that year was $21.2M.
What does New Jersey Innovation Institute Inc fund?
NJII states that it is an innovative research organization dedicated to revitalizing economic development in New Jersey. Its work includes healthcare technology and data interoperability; AI and machine learning; defense-related technology and workforce development; and entrepreneurship, including startup acceleration and venture creation. The organization says its Substance Use Disorder Program funds qualifying treatment providers to deploy or upgrade electronic health record technology and im…
How do I apply for a grant from New Jersey Innovation Institute Inc?
In filing year 2025, NJII reported 25 grants totaling $10,032,000. Awards ranged from $7,500 to $6,617,000, with a median of $15,000. All reported grant dollars went to recipients in New Jersey. The largest reported awards were $6,617,000 to NJ Institute of Technology for ERP implementation and other programmatic projects, and $3,000,000 to Foundation at NJ Institute of Technology for the Grace Hopper AI Institute. Other listed 2025 awards included $42,500 to Alternative Counseling Method LLC a…
What is New Jersey Innovation Institute Inc's EIN?
New Jersey Innovation Institute Inc's EIN (Employer Identification Number) is 47-1042118. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Here's the math on researching New Jersey Innovation Institute Inc by hand.
Explore Open Grants
Browse active grant opportunities in New Jersey Innovation Institute Inc's focus areas in our free grants database
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