JACOBS INSTITUTE INC: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- JACOBS INSTITUTE INC (EIN 26-3085485)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-07-26
- IRS object ID
- 202342079349300329
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule J
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-07-26T15:31:49-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 161600045 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SZYMKOWIAK & ASSOCIATES CPAS PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6325 MAIN STREET SUITE 100 | AddressLine1Txt |
| City | WILLIAMSVILLE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 14221 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 263085485 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE JACOBS INSTITUTE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | JACO | BusinessNameControlTxt |
| Phone | 7168884800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 875 ELLICOTT STREET 5TH FLOOR | AddressLine1Txt |
| City | BUFFALO | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 14203 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TIMOTHY M KORN | PersonNm |
| Person Title | VP OF FINANCE | PersonTitleTxt |
| Phone | 7162075195 | PhoneNum |
| Signature | 2023-07-17 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | TIMOTHY | PersonFirstNm |
| Person Last | KORN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MARIA T SCAROZZA | PreparerPersonNm |
| PTIN | P01240837 | PTIN |
| Phone | 7166262626 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ADNAN H SIDDIQUI | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 875 ELLICOTT STREET 5TH FLOOR | AddressLine1Txt |
| City | BUFFALO | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 14203 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $12,864,398 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.JACOBSINSTITUTE.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2008 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | REFER TO SCHEDULE O.THE JACOBS INSTITUTE, INC., LOCATED IN BUFFALO, NEW YORK, WAS FORMED IN 2008 TO ACCOMPLISH THE VISION OF MAKING WESTERN NEW YORK A CENTER FOR WORLD-CLASS EXCELLENCE IN RESEARCH, TEACHING, PUBLIC AWARENESS AND ADVANCES IN CLINICAL AND MINIMALLY-INVASIVE SURGICAL TREATMENT OF GLOBAL VASCULAR DISEASE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 60 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,211,360 | PYContributionsGrantsAmt |
| CY Contributions Grants | $4,031,854 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $8,160,749 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $8,592,681 | CYProgramServiceRevenueAmt |
| PY Investment Income | $0 | PYInvestmentIncomeAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| PY Other Revenue | $15,687 | PYOtherRevenueAmt |
| CY Other Revenue | $239,863 | CYOtherRevenueAmt |
| PY Total Revenue | $10,387,796 | PYTotalRevenueAmt |
| CY Total Revenue | $12,864,398 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $3,954,320 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $5,519,348 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $193,885 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $6,232,432 | PYOtherExpensesAmt |
| CY Other Expenses | $6,410,728 | CYOtherExpensesAmt |
| PY Total Expenses | $10,186,752 | PYTotalExpensesAmt |
| CY Total Expenses | $11,930,076 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $201,044 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $934,322 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $6,391,620 | TotalAssetsBOYAmt |
| Total Assets EOY | $7,681,956 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $3,952,890 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,308,904 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $2,438,730 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $3,373,052 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | REFER TO SCHEDULE O.REFER TO DESCRIPTION FOR FORM 990, PART I, LINE 1 LISTED ABOVE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $7,811,236 | ExpenseAmt |
| Revenue | $8,592,681 | RevenueAmt |
| Desc | INVESTIGATION AND DUE DILIGENCE RELATED TO IMPLEMENTATION OF ALL ACTIVITIES ON SCHEDULE O. | Desc |
| Total Program Service Expenses | $7,811,236 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (1) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 99 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 60 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TIMOTHY KORN | PersonNm |
| Phone | 7163367067 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 875 ELLICOTT STREET 5TH FLOOR | AddressLine1Txt |
| City | BUFFALO | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 14203 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| JEREMY M JACOBS | |||||||
| CHAIRMAN | 0.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| WILLIAM G GISEL JR | |||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| GERALD S LIPPES | |||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| JEREMY M JACOBS JR | |||||||
| DIRECTOR | 0.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| SATISH K TRIPATHI PHD | |||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| BRUCE W MOSKOWITZ MD | |||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| DONALD BOYD | |||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| ROBERT T BRADY | |||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| RENE F JONES | |||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| ADNAN H SIDDIQUI MD | |||||||
| CEO & PRESIDENT | 40.00 | Yes (X) | $750,000 | $0 | $0 | ||
| MICHAEL SPRINGER | |||||||
| COO | 40.00 | Yes (X) | $229,487 | $0 | $0 | ||
| TIMOTHY KORN | |||||||
| VP OF FINANCE (FROM 4/22) | 40.00 | Yes (X) | $112,256 | $0 | $10,926 | ||
| DANIEL J ZIMMER | |||||||
| TREASURER | 3.00 | Yes (X) | $0 | $0 | $0 | ||
| L NELSON HOPKINS MD | |||||||
| CHIEF SCIENCE OFFICER | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL MCCABE ESQ | |||||||
| ASSISTANT SECRETARY | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| THOMAS R BEECHER JR | |||||||
| SECRETARY | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| CARLOS PENA | |||||||
| CHIEF REGULATORY OFF./CHIE | 40.00 | $333,804 | $0 | $32,625 | Yes (X) | ||
| RICHARD W DUCHARME | |||||||
| VP OF ENGINEERING | 40.00 | $182,579 | $0 | $17,154 | Yes (X) | ||
| PAMELA MARCUCCI | |||||||
| VP OF PROGRAMS | 40.00 | $156,229 | $0 | $22,254 | Yes (X) | ||
| ADAM SPARKS | |||||||
| ENGINEERING MANAGER | 40.00 | $139,507 | $0 | $20,941 | Yes (X) | ||
| PAUL H DRESSEL | |||||||
| EMPLOYEE | 40.00 | $124,000 | $0 | $19,759 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,027,862 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $123,659 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 8 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| NURCON INC | |||||
| 82 PENHURST PARK | BUFFALO | NY | 14222 | CONSULTING | $300,000 |
| ATTENSIONSPAN MEDIA LLC | |||||
| 9 EAST STREET 2ND FL | BOSTON | MA | 02111 | AGENCY SERVICES | $275,000 |
| LIPPES MATHIAS WEXLER FRIEDMAN LLP | |||||
| 50 FOUNTAIN PLAZA STE 1700 | BUFFALO | NY | 14202 | LEGAL FEES | $254,336 |
| HOTEL TERRA | |||||
| 3335 WEST VILLAGE DRIVE | TETON VILLAGE | WY | 83025 | LODGING AND CONFERENCE SERVICES | $138,246 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $1,400,000 | GovernmentGrantsAmt |
| All Other Contributions | $2,631,854 | AllOtherContributionsAmt |
| Noncash Contributions | $432,014 | NoncashContributionsAmt |
| Total Contributions | $4,031,854 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| REGULATORY SERVICE REVENUE | 900099 | $1,985,124 | $1,985,124 |
| TRAINING AND MEDIA PRODUCTION SER | 900099 | $1,626,948 | $1,626,948 |
| PRODUCT TESTING SERVICES | 900099 | $1,428,668 | $1,428,668 |
| CONFERENCE REVENUE | 900099 | $1,097,228 | $1,097,228 |
| MODEL DESIGN, DEVELOPMENT & MANUF | 900099 | $1,067,200 | $1,067,200 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,387,513 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,387,513 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $8,592,681 | TotalProgramServiceRevenueAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $239,863 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $239,863 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $239,863 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $12,864,398 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $8,832,544 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,764,355 | TotalAmt |
| Program Services | $654,028 | ProgramServicesAmt |
| Management And General | $1,110,327 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,986,427 | TotalAmt |
| Program Services | $2,078,953 | ProgramServicesAmt |
| Management And General | $854,278 | ManagementAndGeneralAmt |
| Fundraising | $53,196 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $381,436 | TotalAmt |
| Program Services | $276,403 | ProgramServicesAmt |
| Management And General | $104,226 | ManagementAndGeneralAmt |
| Fundraising | $807 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $387,130 | TotalAmt |
| Program Services | $240,939 | ProgramServicesAmt |
| Management And General | $141,041 | ManagementAndGeneralAmt |
| Fundraising | $5,150 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $107,279 | TotalAmt |
| Program Services | $60,985 | ProgramServicesAmt |
| Management And General | $46,294 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $193,785 | TotalAmt |
| Management And General | $193,785 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $563,318 | TotalAmt |
| Program Services | $21,821 | ProgramServicesAmt |
| Management And General | $517,441 | ManagementAndGeneralAmt |
| Fundraising | $24,056 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,622 | TotalAmt |
| Management And General | $13,622 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $184,068 | TotalAmt |
| Program Services | $127,721 | ProgramServicesAmt |
| Management And General | $56,347 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $678,910 | TotalAmt |
| Program Services | $558,500 | ProgramServicesAmt |
| Management And General | $114,004 | ManagementAndGeneralAmt |
| Fundraising | $6,406 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $489,943 | TotalAmt |
| Program Services | $441,772 | ProgramServicesAmt |
| Management And General | $48,171 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $63,987 | TotalAmt |
| Management And General | $63,987 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| OFFICE AND LAB SUPPLIES | $1,494,060 | $1,447,644 | $46,403 | $13 |
| CONSULTING AND OTHER PR | $1,096,648 | $1,096,648 | $0 | $0 |
| FUTURE OF HEALTH | $550,100 | $550,100 | ||
| COMPUTER AND SOFTWARE E | $290,448 | $135,171 | $155,077 | $200 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $684,560 | TotalAmt |
| Program Services | $120,551 | ProgramServicesAmt |
| Management And General | $459,952 | ManagementAndGeneralAmt |
| Fundraising | $104,057 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,930,076 | TotalAmt |
| Program Services | $7,811,236 | ProgramServicesAmt |
| Management And General | $3,924,955 | ManagementAndGeneralAmt |
| Fundraising | $193,885 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,237,256 | BOYAmt |
| EOY | $950,267 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,000 | BOYAmt |
| EOY | $20,000 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,506,206 | BOYAmt |
| EOY | $2,097,430 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $254,637 | BOYAmt |
| EOY | $488,576 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $7,302,028 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $5,330,652 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,293,521 | BOYAmt |
| EOY | $1,971,376 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $200,132 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,000 | BOYAmt |
| EOY | $1,954,175 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,391,620 | BOYAmt |
| EOY | $7,681,956 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,551,477 | BOYAmt |
| EOY | $2,498,288 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,401,413 | BOYAmt |
| EOY | $1,810,616 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,952,890 | BOYAmt |
| EOY | $4,308,904 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,832,453 | BOYAmt |
| EOY | $2,263,359 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $606,277 | BOYAmt |
| EOY | $1,109,693 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,438,730 | BOYAmt |
| EOY | $3,373,052 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,391,620 | BOYAmt |
| EOY | $7,681,956 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $934,322 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,456,341 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,620,661 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,252,494 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,211,360 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,031,854 | CurrentTaxYearAmt |
| Total | $15,572,710 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,456,341 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,620,661 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,252,494 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,211,360 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,031,854 | CurrentTaxYearAmt |
| Total | $15,572,710 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $1,066,279 | SubstantialContributorsTotAmt |
| Public Support Total170 | $14,506,431 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $256 | CurrentTaxYearMinus4YearsAmt |
| Total | $256 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $23,476 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $9,696 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $177,597 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $15,687 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $239,863 | CurrentTaxYearAmt |
| Total | $466,319 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $16,039,285 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $29,627,824 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.90440 | PublicSupportCY170Pct |
| Public Support PY170 | 0.92090 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,302,028 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,330,652 | DepreciationAmt |
| Book Value | $1,971,376 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $1,971,376 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| GRANT RECEIVABLE | $1,400,000 |
| OPERATING LEASE RIGHT-OF-USE ASSET | $554,175 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $1,954,175 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| OPERATING LEASE LIABILITY | $1,626,738 |
| CURRENT PORTION OF OPERATING LEASE LIABILITY | $183,878 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,810,616 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $12,864,398 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $12,864,398 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $12,864,398 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $11,930,076 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $11,930,076 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $11,930,076 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE INSTITUTE IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE IRC, AND IS NOT CONSIDERED A PRIVATE FOUNDATION. JI ECONOMIC DEVELOPMENT INC. (JEDI) IS A DELAWARE CORPORATION THAT IS TAXABLE AS A C CORPORATION UNDER THE IRC. ALTHOUGH JEDI IS CONSOLIDATED WITH THE INSTITUTE UNDER U.S. GAAP, JEDI IS TAXED SEPARATELY AND ITS FINANCIAL PERFORMANCE IS NOT CONSOLIDATED WITH THE TAX RETURNS THAT ARE FILED BY THE INSTITUTE WITH THE INTERNAL REVENUE SERVICE (IRS) AND THE STATE OF NEW YORK. JEDI FILES ITS OWN TAX RETURN WITH THE IRS AND THE STATE OF NEW YORK. JEDI HAD NO OPERATIONS IN 2022 OR 2021, AND AS A RESULT HAD NO TAX LIABILITIES FOR 2022 OR 2021. ACCORDINGLY, THE CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A LIABILITY OR PROVISION FOR INCOME TAXES. U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITIES. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS. THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ADNAN H SIDDIQUI MD | ||||||||||||||
| CEO & PRESIDENT | $750,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $750,000 | $0 | $0 | $0 |
| CARLOS PENA | ||||||||||||||
| CHIEF REGULATORY OFF./CHIE | $305,304 | $0 | $28,500 | $0 | $0 | $0 | $12,231 | $0 | $20,394 | $0 | $366,429 | $0 | $0 | $0 |
| MICHAEL SPRINGER | ||||||||||||||
| COO | $209,238 | $0 | $20,249 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $229,487 | $0 | $0 | $0 |
| RICHARD W DUCHARME | ||||||||||||||
| VP OF ENGINEERING | $160,794 | $0 | $21,785 | $0 | $0 | $0 | $8,481 | $0 | $8,673 | $0 | $199,733 | $0 | $0 | $0 |
| PAMELA MARCUCCI | ||||||||||||||
| VP OF PROGRAMS | $137,588 | $0 | $18,641 | $0 | $0 | $0 | $0 | $0 | $22,254 | $0 | $178,483 | $0 | $0 | $0 |
| ADAM SPARKS | ||||||||||||||
| ENGINEERING MANAGER | $128,971 | $0 | $10,536 | $0 | $0 | $0 | $6,488 | $0 | $14,453 | $0 | $160,448 | $0 | $0 | $0 |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (3 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| GERALD S LIPPES | |||
| DIRECTOR | $254,336 | LEGAL SERVICES | 0 |
| SATISH K TRIPATHI | |||
| DIRECTOR | $987,457 | RENT AND OTHER SERVICES | 0 |
| L NELSON HOPKINS | |||
| CHIEF SCIENCE OFFICER | $300,000 | CONSULTING | 0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCH L, PART IV | FormAndLineReferenceDesc |
| Explanation | NAME OF PERSON: GERALD S. LIPPESDESCRIPTION OF TRANSACTION: JACOBS INSTITUTE PAID $254,336 IN LEGAL SERVICES DURING THE YEAR ENDED DECEMBER 31, 2022 TO AN ENTITY AFFILIATED WITH GERALD S. LIPPES.NAME OF PERSON: SATISH K. TRIPATHIDESCRIPTION OF TRANSACTION: THE JACOBS INSTITUTE ALSO PAID $987,457 FOR CONSULTING SERVICES, LAB SUPPLIES AND SERVICES, RESEARCH EXPENSES, TELEPHONE, AND INTERNET TO ENTITIES AFFILIATED WITH THE UNIVERSITY AT BUFFALO. SATISH K. TRIPATHI IS THE CURRENT PRESIDENT OF THE UNIVERSITY AT BUFFALO.NAME OF PERSON: L. NELSON HOPKINSDESCRIPTION OF TRANSACTION: JACOBS INSTITUTE PAID $300,000 IN CONSULTING SERVICES DURING THE YEAR ENDED DECEMBER 31, 2022 TO AN ENTITY AFFILIATED WITH L. NELSON HOPKINS. | ExplanationTxt |
Schedule M IRS990ScheduleM
Other Non Cash Contri Table OtherNonCashContriTableGrp (3 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt |
|---|---|---|---|
| Yes (X) | NOVASIGNAL | 0 | $331,258 |
| Yes (X) | STRATASYS | 0 | $80,000 |
| Yes (X) | INTEGRA | 0 | $20,756 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 4A | BY CONDUCTING THE PROGRAM SERVICES LISTED BELOW, THE JACOBS INSTITUTE HOPES TO CREATE "COLLISIONS" OF IDEAS BETWEEN ACADEMICS, RESEARCHERS AND CLINICIANS TO PROMOTE CLINICAL CARE, ACADEMIC RESEARCH AND ENTREPRENEURIAL ("CARE") EXCELLENCE IN THE TREATMENT OF GLOBAL VASCULAR DISEASE AND RELATED NEUROLOGICAL DISEASES WITH THE ULTIMATE GOAL THAT THESE "COLLISIONS" WILL LEAD TO IMPROVED TREATMENT OF, AND NEW AND IMPROVED TECHNOLOGY AND INNOVATIONS RELATED TO, GLOBAL VASCULAR DISEASE AND RELATED NEUROLOGICAL DISEASES THAT MAY NOT OTHERWISE ATTRACT SUFFICIENT FUNDING IN WESTERN NEW YORK. RESEARCH/ADVANCEMENTS-PROVIDE STAFFING AND RESEARCH SUPPORT TO ACADEMICS, RESEARCHERS AND CLINICIANS AT: (1) THE STATE UNIVERSITY OF NEW YORK, UNIVERSITY AT BUFFALO ("UNIVERSITY AT BUFFALO"), A 501(C)(3) ORGANIZATION; (2) KALEIDA HEALTH (THE LARGEST HOSPITAL NETWORK IN WESTERN NEW YORK), A 501(C)(3) ORGANIZATION; AND (3) OTHER SIMILAR HEALTH-RELATED 501(C)(3) ORGANIZATIONS SELECTED BY THE MANAGEMENT OF THE JACOBS INSTITUTE; IN ORDER TO FACILITATE THE DEVELOPMENT BY SUCH ORGANIZATION OF: (A) ADVANCEMENTS IN THE TREATMENT OF GLOBAL VASCULAR DISEASE AND RELATED NEUROLOGICAL DISEASE; AND (B) CUTTING EDGE TECHNOLOGIES AND OTHER INFORMATION FOR THE IMPROVEMENT OF SUCH TREATMENT. TRAINING AND MEDIA PRODUCTION: ATTRACT, RECRUIT AND RETAIN WORLD CLASS CLINICAL RESEARCH AND ACADEMIC EXPERTS IN THE AREA OF GLOBAL VASCULAR AND NEUROLOGICAL DISEASES. THESE PROGRAMS PROVIDE ADVANCED CLINICAL PHYSICIAN TRAINING SHOWCASING ENDOVASCULAR SIMULATION, BIO SKILLS LABS, CADAVERIC SPECIMENS, ANIMATE MODELS, AND LIVE SURGICAL OBSERVATIONS. THESE FIRST-HAND EXPERIENTIAL TRAINING PROGRAMS ACCOMMODATE UP TO 30 PARTICIPANTS AND ARE BOTH ON-SITE AND VIRTUAL. ENGINEERING SERVICES (PRODUCT TESTING, DESIGN VALIDATION SERVICES, GOOD LABORATORY PRACTICES AND MODEL DESIGN) : OFFERS TURNKEY MEDICAL DEVICE DEVELOPMENT SOLUTIONS IN AREAS SUCH AS: PRE-CLINICAL DEVICE TESTING (CADAVERIC, SIMULATION, 3D PRINTED PATIENT-SPECIFIC CUSTOMIZABLE MODELS AND ANIMATE MODELS); PRELIMINARY USER NEEDS AND REQUIREMENT DEVELOPMENT AND VERIFICATION; COMPUTATIONAL RESEARCH, DESIGN AND DEVELOPMENT; AND FAILURE MODE EFFECTS ANALYSIS. IDEA TO REALITY CENTER (I2R) - THE I2R IS FOCUSED ON DEVELOPING NOVEL, SMART-ENGINEERED ENDOVASCULAR MEDICAL DEVICES AT A FASTER PACE AND IN A MORE COST-EFFECTIVE WAY, GETTING THEM TO PATIENTS SOONER. THE I2R CREATES DEVICES DESIGNED BY OR WITH THE PHYSICIANS WHO USE THEM. PHYSICIANS ARE ON-SITE AND AVAILABLE TO I2R ENGINEERS SO THAT OUR ENGINEERING TEAM CAN QUICKLY PROTOTYPE AND VALIDATE POTENTIAL DEVICES. OUR UNIQUE MEDICAL DEVICE DEVELOPMENT MODEL STREAMLINES THE PROOF-OF-CONCEPT PROCESS. CONFERENCES - ARE DEDICATED TO THE PRINCIPLE THAT HONEST OBJECTIVE ASSESSMENT OF FAILURES OF JUDGMENT, EQUIPMENT, AND TECHNIQUE CAN LEAD TO IMPROVED RESULTS IN MEDICAL TREATMENTS. THESE MEETINGS AND SEMINARS SEEK TO IMPROVE PATIENT CARE AND SAFETY, USING FAILURE ANALYSIS, ASSESSMENT OF PROCEDURAL SAFETY AND OTHER QUALITY ASSESSMENT TECHNIQUES. THESE FORUMS ALSO PROVIDE IN DEPTH DISCUSSION IN A PEER-REVIEW CONFIDENTIAL ENVIRONMENT. REGULATORY SERVICES - PROVIDING EXPERTISE AND CONSULTING SERVICES IN DETERMINING HIGH-LEVEL STRATEGIES FOR: (1) MOVING MEDICAL DEVICES TO THE U.S. MARKETPLACE; (2) PREPARING FOR A U.S. FOOD & DRUG ADMINISTRATION SUBMISSION; AND (3) CONDUCTING AN ASSESSMENT OF EARLY FEASIBILITY OF INITIATING A DEVICE STUDY IN THE U.S. |
| FORM 990, PART VI, SECTION A, LINE 2 | BOARD OF DIRECTORS HAVE BUSINESS RELATIONSHIPS WITH EACH OTHER IN THE NORMAL COURSE OF BUSINESS. |
| FORM 990, PART VI, SECTION B, LINE 11B | DRAFT COPIES OF THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS ARE REVIEWED BY THE JACOBS INSTITUTE'S AUDIT AND COMPLIANCE COMMITTEE. FOLLOWING ITS FINALIZATION, THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS ARE DISTRIBUTED TO THE BOARD OF DIRECTORS. DRAFT COPIES OF THE 990 ARE REVIEWED PRIOR TO ITS FILING BY THE JACOBS INSTITUTE'S BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 12C | PRIOR TO THE BOARD OF DIRECTORS ANNUAL MEETING, A MEMORANDUM FROM THE JACOBS INSTITUTE, WHICH INCLUDES THE CONFLICT OF INTEREST POLICY, ALONG WITH A QUESTIONNAIRE, IS DISTRIBUTED TO THE BOARD OF DIRECTORS TO BE FILLED OUT AND COLLECTED BY THE SECRETARY. THE POLICY AND QUESTIONNAIRE ARE ALSO DISTRIBUTED TO JACOBS INSTITUTE EMPLOYEES AT THE SAME TIME, TO BE RETURNED TO THE COO. THE ANSWERS ARE COMPILED AND DISTRIBUTED TO THE BOARD OF DIRECTORS AT THE FOLLOWING BOARD MEETING. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION OF OFFICERS AND EMPLOYEES ARE REVIEWED BY INDEPENDENT PERSONS, AND FROM TIME TO TIME COMPARABILITY DATA IS USED TO HELP DETERMINE THE APPROPRIATENESS OF PROPOSED COMPENSATION LEVELS. TO DATE, THE PROCESS HAS INCLUDED DISCUSSIONS AMONG SENIOR MANAGEMENT (EXCLUDING ANYONE WITH A POTENTIAL CONFLICT OF INTEREST) FOLLOWED BY A DECISION TO SET COMPENSATION LEVELS. SALARY BENCHMARKING HAS ALSO BEEN USED IN CERTAIN CASES TO ESTABLISH OR SUBSTANTIATE APPROPRIATE SALARY LEVELS. |
| FORM 990, PART VI, SECTION C, LINE 19 | NO DOCUMENTS WERE MADE AVAILABLE TO THE PUBLIC DURING THE TAX YEAR. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JI ECONOMIC DEVELOPMENT INITIATIVES INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 875 ELLICOTT ST FL 5TH | AddressLine1Txt |
| City | BUFFALO | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 14203 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 863712817 | EIN |
| Primary Activities | IDEA TO REALITY INNOVATION AND INCUBATION PROGRAM | PrimaryActivitiesTxt |
| Legal Domicile State | NY | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE JACOBS INSTITUTE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Comments