New Jersey Innovation Institute Inc
New Jersey Innovation Institute Inc. (NJII) is a public charity based in Newark, New Jersey, and an independent nonprofit corporation whose sole corporate member is the New Jersey Institute of Technology (NJIT). Founded in 2014, NJII says it connects NJIT resources with industry, academia, and government to accelerate innovation, develop technology, and support workforce development in New Jersey.
New Jersey Innovation Institute Inc at a glance
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.
- Annual giving (2025)
- $10,032,000
- +4261.7% vs 2024
- Grants made (2025)
- 25
- +66.7% vs 2024
- Average grant
- $401,280
- +2517.0% vs 2024
- Median grant
- $15,000
- Total assets
- $60,658,606
- -19.3% vs 2024
- New grantees (estimate)
- 72% first-time grantees (18 of 25, 2025)
- Primary geography
- New Jersey (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to New Jersey Innovation Institute Inc
- Contact
Mailing address: 211 Warren Street 2Nd Floor, Newark, NJ 07103
Phone: (973) 596-5800
Website: https://njii.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
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
Deadline not published
Market Pathways Program
New Jersey Innovation Institute Inc
Amount
Stipend provided during program (amount not specified)
Deadline
Deadline not published
Merit-Based Incentive Payment System (MIPS) Support Services
New Jersey Innovation Institute Inc
Amount
Paid service (pricing not specified)
Deadline
Deadline not published
Who New Jersey Innovation Institute Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was NJ Institute of Technology ($6.6M). Together the top 10 received $9.8M.
Grant Size Distribution
481 grants across all recorded years
The most common grant size was under $50K: 468 grants of 481 (97%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2025 went to recipients in New Jersey. NJII’s stated mission and programs also emphasize economic development in New Jersey. Its behavioral health interoperability program is statewide, while its community entrepreneurship workshop serves Newark and surrounding areas.
Grant Distribution by State
Share of 2025 grant dollars across all 25 itemized grants.
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2025, annual grant giving ranged from $230K (2024) to $10.3M (2023). In 2025 it made 25 grants totaling $10.0M.
Grants by year
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 |
Ready to take the next step with New Jersey Innovation Institute Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $60,658,606 | $21,213,735 | $36,629,425 | $10,032,000 | 25 | $2,768,249 |
| 2024 | $75,143,617 | $30,773,365 | $27,724,858 | $230,000 | 15 | $3,317,672 |
| 2023 | $73,825,081 | $34,340,267 | $34,778,092 | $10,260,000 | 419 | $2,231,873 |
| 2022 | $71,920,921 | $85,737,246 | $27,105,207 | $434,250 | 22 | $62,784,767 |
| 2021 | $15,517,542 | $28,426,314 | $29,725,789 | — | — | $90 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
NJII states that it is an innovative research organization dedicated to revitalizing economic development within New Jersey. Its four divisions work on healthcare, AI and machine learning, defense, and entrepreneurship. The organization describes its healthcare work as supporting data-driven transformation and the New Jersey Health Information Network; its defense work includes technology development and workforce training; and its entrepreneurship work includes venture creation and startup acceleration.
In its 2025 filing, NJII described a substance-use-disorder program that funds qualifying treatment providers to deploy or upgrade electronic health record technology. The filing says use of that grant funding is monitored under grant stipulations.
The 2025 grantees illustrate the range of organizations receiving support. NJII gave $25,000 to The Restoration Center, which says it provides temporary housing and shelter for adults and single-room occupancy for veterans, and $20,000 to John Brooks Recovery Center, which describes its mission as providing substance-use-disorder treatment to New Jersey residents regardless of financial circumstances. Other listed recipients include behavioral health and counseling providers. Separately, the Foundation at NJIT, which received $3 million, says it raises, invests, and distributes philanthropic gifts on behalf of NJIT.
Grantmaking
In filing year 2025, NJII reported 25 grants totaling $10,032,000. Grants ranged from $7,500 to $6,617,000, with a median of $15,000. The largest awards were $6,617,000 to NJIT for ERP implementation and other programmatic projects, and $3,000,000 to the Foundation at NJIT for the Grace Hopper AI Institute. Other listed awards supported substance-use-disorder programs, including grants of $42,500 to Alternative Counseling Method LLC and $32,500 to Optimal Behavioral Health LLC.
NJII also describes a Behavioral Health Promoting Interoperability Program that provides incentives and support to New Jersey behavioral health facilities implementing or upgrading electronic health record technology. Its entrepreneurship offerings include a free workshop for aspiring and early-stage entrepreneurs in Newark and surrounding areas, and a venture-building program based on NJIT research. The workshop includes post-program mentoring and coaching; these participant services are distinct from grants to outside organizations.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Teik C Lim, President of NJIT, and John Pelesko, Provost of NJIT, as directors, along with Atam Dhawan, Vice Provost of NJIT. It lists Dean Paranicas as chairman as of November 2024 and Robert Medina as chairman through November 2024. Other listed directors include Robert Cohen and Debbie Hart; Dr. Kenneth Blank, Nicholas Denichilo, and Theresa Edelstein are listed as directors through June 2025.
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
The highest reported compensation on the 2025 filing was $390K, to Dr Michael Johnson (President & CEO). 8 officers or directors reported compensation on that filing.
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 within New Jersey. Its four divisions work on healthcare, AI and machine learning, defense, and entrepreneurship. See mission & focus areas ↑
How do I apply for a grant from New Jersey Innovation Institute Inc?
New Jersey Innovation Institute Inc has no public application process in the sources Grantable reviewed. Check njii.com for current guidelines, or contact the foundation directly before submitting a request.
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.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS March 1, 2025)
- 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
Live grants for the work New Jersey Innovation Institute Inc funds
Science & Technology Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in New Jersey Innovation Institute Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
The Provident Bank Foundation
Iselin, NJ
The Provident Bank Foundation supports education, human services, and workforce development that help people in marginalized communities move toward economic self-sufficiency. Its 2025 grants ranged from $1,500 to $20,000, with a $10,000 median; 2026 Empowerment Grants offer $5,000–$25,000 per year for two years, depending on an organization’s budget. It funds communities within Provident Bank’s branch network and those contiguous to a branch; it accepts applications through its online portal, but the profile does not state whether unsolicited requests are accepted.
Assets
$17.4M
Grants
51
Total Given
$617K
Bristol-Myers Squibb Foundation Inc
Princeton, NJ
The Bristol-Myers Squibb Foundation supports health access and stronger health systems, with a focus on adult and pediatric cancers, blood disorders, brain health, and clinical-trial participation in the United States, Brazil, India, and ten Sub-Saharan African countries. In 2024, its median grant was about $134,000, though awards varied widely; it does not state whether it accepts unsolicited requests, and advises prospective applicants to contact the Foundation about its process.
Assets
$83.3M
Grants
144
Total Given
$67.7M
Lydia Collins Deforest Char Tr Uw
Dallas, TX
The foundation supports charitable organizations working in areas such as emergency medical services, family support, food assistance, and community well-being, primarily in New Jersey. Its 2026 grants ranged from $15,000 to $50,000, with a median of $25,251. It gives only to preselected organizations and does not accept unsolicited requests.
Assets
$12.8M
Grants
19
Total Given
$598K
Pseg Foundation Inc
Newark, NJ
PSEG Foundation supports environmental sustainability, education and STEM, community well-being, disaster recovery, equity, and economic mobility, primarily through program grants to nonprofits. Its 2024 grants ranged from $80,000 to $1 million, with a median of $250,000; funding is concentrated in New Jersey, and Neighborhood Partners applicants must operate in PSEG’s service or operating territory. The foundation says it funds only preselected organizations and does not accept unsolicited requests.
Assets
$29.6M
Grants
20
Total Given
$6.1M
Columbia Bank Foundation
Fair Lawn, NJ
Columbia Bank Foundation funds affordable housing, community and economic development, financial literacy, health and human services, food security, environmental sustainability, and the arts, prioritizing communities in Columbia Bank’s footprint, especially in New Jersey. Its grants vary widely; the 2025 median was $2,500, while listed programs generally offer $1,000–$25,000. It accepts requests through its grant programs, with application schedules varying by program.
Assets
$42.6M
Grants
319
Total Given
$1.7M
Community Foundation of New Jersey
Morristown, NJ
The Community Foundation of New Jersey supports a broad range of causes, including arts, education, health, human services, and the environment, through donor-directed and other charitable funds. Its 2024 itemized grants had a median of $19,759, with awards ranging widely; its current health grant opportunity serves Morris and Somerset counties. Eligible New Jersey nonprofits may apply to specific grant opportunities, subject to each opportunity’s guidelines.
Assets
$1.0B
Grants
1,321
Total Given
$93.8M
More similar funders
More Funders in New Jersey
Cite this profile
Grantable. (2026). New Jersey Innovation Institute Inc funder profile. GrantGraph. Retrieved October 18, 2026, from https://grantable.co/funders/new-jersey-innovation-institute-inc-morg_2c5b2f8a0d4e40e18f1a361039dddd91
BibTeX
@misc{grantable_471042118_2026,
author = {{Grantable}},
title = {{New Jersey Innovation Institute Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/new-jersey-innovation-institute-inc-morg_2c5b2f8a0d4e40e18f1a361039dddd91},
note = {Accessed 2026-10-18. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from New Jersey Innovation Institute Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
New Jersey Innovation Institute Inc down — hundreds of funders to go?