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JACOBS INSTITUTE INC: Form 990EZ, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
JACOBS INSTITUTE INC (EIN 26-3085485)
Tax period
2011-01-01 to 2011-12-31
Filed
2012-09-17
IRS object ID
201242619349200234
Schema version
2011v1.2
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 ReturnHeader

FieldValueIRS element (for citing)
Timestamp2012-09-17T15:06:29-05:00Timestamp
Tax Period End Date2011-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN161600045EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1SZYMKOWIAK & ASSOCIATES CPAS PCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1333 INTERNATIONAL DRIVE SUITE A-2AddressLine1
CityWILLIAMSVILLECity
StateNYState
ZIP Code14221ZIPCode
FieldValueIRS element (for citing)
Return Type990EZReturnType
Tax Period Begin Date2011-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN263085485EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1THE JACOBS INSTITUTE INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlJACONameControl
Phone7168538671Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1875 ELLICOTT STREET 5TH FLOORAddressLine1
CityBUFFALOCity
StateNYState
ZIP Code14203ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameDANIEL J ZIMMERName
TitleTREASURERTitle
Phone7168585208Phone
Date Signed2012-09-17DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameSTEVEN G AUSTINName
PTINP00182318PTIN
Phone7166262626Phone
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Address ChangeXAddressChange
Method Of Accounting AccrualXMethodOfAccountingAccrual
Web SiteN/AWebSite
Organization501c3XOrganization501c3
Gross Receipts31000GrossReceipts
Info In Schedule O Part IXInfoInScheduleOPartI
Contributions Gifts Grants Etc31000ContributionsGiftsGrantsEtc
Total Revenue31000TotalRevenue
Fees And Oth Pymt To Ind Contractors31019FeesAndOthPymtToIndContractors
Other Expenses Total4157OtherExpensesTotal
Total Expenses35176TotalExpenses
Excess Or Deficit For Year-4176ExcessOrDeficitForYear
Net Assets Or Fund Balances BOY-10005NetAssetsOrFundBalancesBOY
Other Changes In Net Assets0OtherChangesInNetAssets
Net Assets Or Fund Balances EOY-14181NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIXInfoInScheduleOPartII

Cash Savings And Investments CashSavingsAndInvestments

FieldValueIRS element (for citing)
BOY8710BOY
EOY8499EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY8710BOY
EOY8499EOY

Sum Of Total Liabilities SumOfTotalLiabilities

FieldValueIRS element (for citing)
BOY18715BOY
EOY22680EOY

Net Assets Or Fund Balances NetAssetsOrFundBalances

FieldValueIRS element (for citing)
BOY-10005BOY
EOY-14181EOY
FieldValueIRS element (for citing)
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Primary Exempt PurposeTHE JACOBS INSTITUTE, A NEW YORK NOT-FOR-PROFIT CORPORATION ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, WAS FORMED TO ACCOMPLISH THE LATE DR. LAWRENCE D. JACOBS, M.D.'S VISION BY 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 (CONDITIONS THAT AFFECT THE BLOOD VESSELS, ARTERIES AND VEINS) AND RELATED NEUROLOGICAL DISEASES, SUCH AS MULTIPLE SCLEROSIS ("MS").IN ORDER TO ACCOMPLISH THIS PURPOSE, THE JACOBS INSTITUTE WILL UNDERTAKE THE FOLLOWING ACTIVITIES FOR THE PUBLIC GOOD IN ADVANCEMENT OF ITS TAX EXEMPT PURPOSES:PrimaryExemptPurpose

Program Service Accomplishment ProgramServiceAccomplishment

FieldValueIRS element (for citing)
Description Program Service AccomINVESTIGATION AND DUE DILIGENCE RELATED TO IMPLEMENTATION OF ALL ACTIVITIES ON SCHEDULE ODescriptionProgramServiceAccom
Grants And Allocations0GrantsAndAllocations
Program Service Expenses35176ProgramServiceExpenses
FieldValueIRS element (for citing)
Total Program Service Expenses35176TotalProgramServiceExpenses

Officer Director Trustee Key Empl OfficerDirectorTrusteeKeyEmpl (4 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
THOMAS R BEECHER JR
120 W TUPPERBUFFALONY14201CHAIRMAN/DIRECTOR1.00000
L NELSON HOPKINS III
875 ELLICOTT STREETBUFFALONY14203CHIEF EXECUTIVE OFFICER/DIRECTOR20.00000
LUKE T JACOBS
120 W TUPPERBUFFALONY14201SECRETARY/TREASURER/DIRECTOR1.00000
WILLIAM P GRESSER JR
120 W TUPPERBUFFALONY14201ASSISTANT TREASURER1.00000
FieldValueIRS element (for citing)
Info In Schedule O Part VXInfoInScheduleOPartV
Activities Not Previously Rpt0ActivitiesNotPreviouslyRpt
Made Changes To Orgnzng Etc Doc0MadeChangesToOrgnzngEtcDoc
Organization Had UBI0OrganizationHadUBI
Subject To Proxy Tax0SubjectToProxyTax
Organization Dissolved Etc0OrganizationDissolvedEtc
Direct Indirect Political Expend0DirectIndirectPoliticalExpend
Made Loans To From Officers0MadeLoansToFromOfficers
Tax Imposed Under IRC49110TaxImposedUnderIRC4911
Tax Imposed Under IRC49120TaxImposedUnderIRC4912
Tax Imposed Under IRC49550TaxImposedUnderIRC4955
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTrans
Amount Of Tax Imposed On Org Mgr0AmountOfTaxImposedOnOrgMgr
Amount Of Tax Reimbursed By Org0AmountOfTaxReimbursedByOrg
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
States Where Copy Of Return Is FiledNYStatesWhereCopyOfReturnIsFiled

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1EDWARD P SCHNEIDERBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1FLINT SERVICE CENTER ROADSAddressLine1
CityAMHERSTCity
StateNYState
ZIP Code14260ZIPCode
FieldValueIRS element (for citing)
Telephone Number7166453011TelephoneNumber
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccount
Foreign Office0ForeignOffice
Maintain Any Donor Advised Funds0MaintainAnyDonorAdvisedFunds
Does Org Have Hospital0DoesOrgHaveHospital
Tanning Services Provided0TanningServicesProvided
Related Org Controlled Entity0RelatedOrgControlledEntity
Engage Political Cmpgn Activities0EngagePoliticalCmpgnActivities
Engage In Lobbying Activities0EngageInLobbyingActivities
Operating School0OperatingSchool
Trnsfrs Exempt Non Char Related Org0TrnsfrsExemptNonCharRelatedOrg
Part VI Of Comp Of Highest Paid EmplNONEPartVIOfCompOfHighestPaidEmpl
Part VIA Hghst Paid Cntrct Prof SerNONEPartVIAHghstPaidCntrctProfSer
Filed Schedule A1FiledScheduleA

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org170b1 AviXPubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years305000CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years429500CurrentTaxYearMinus2Years
Current Tax Year31000CurrentTaxYear
Total765500Total

Total170 Total170

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years305000CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years429500CurrentTaxYearMinus2Years
Current Tax Year31000CurrentTaxYear
Total765500Total
FieldValueIRS element (for citing)
Amounts Subst Contributors Total703880AmountsSubstContributorsTotal
Public Support Total17061620PublicSupportTotal170
Total Support765500TotalSupport
First5 Years170XFirst5Years170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (3 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
OTHER EXPENSESFORM 990-EZ, PART I, LINE 16DESCRIPTION: PROGRAM RELATED EXPENSES. AMOUNT: 4,157.
OTHER LIABILITIESFORM 990-EZ, PART II, LINE 26DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 18,715. END OF YEAR AMOUNT: 22,680.
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 ORGANIZATIONS OF: (A) ADVANCEMENTS IN THE TREATMENT OF GLOBAL VASCULAR DISEASE AND RELATED NEUROLOGICAL DISEASE; AND (B) CUTTING EDGE TECHNOLOGIES AND OTHER INNOVATIONS FOR THE IMPROVEMENT OF SUCH TREATMENT. TEACHING - ATTRACT, RECRUIT AND RETAIN WORLD CLASS CLINICAL, RESEARCH AND ACADEMIC EXPERTS IN THE AREA OF GLOBAL VASCULAR DISEASE AND RELATED NEUROLOGICAL DISEASES TO WESTERN NEW YORK: (1) TO BROADEN THE DEPTH OF TEACHING AT THE UNIVERSITY AT BUFFALO SCHOOL OF MEDICINE AND BIOMEDICAL SCIENCES ("SCHOOL OF MEDICINE") AND MAY, AMONG OTHER THINGS, CREATE ONE OR MORE TEACHING AND/OR ACADEMIC RESEARCH POSITIONS AT THE SCHOOL OF MEDICINE OR OTHER 501(C)(3) INSTITUTION; AND (2) TO ESTABLISH WESTERN NEW YORK AS THE PRIMARY LOCATION FOR ACADEMIC COLLABORATION IN THE TREATMENT OF GLOBAL VASCULAR DISEASE AND RELATED NEUROLOGICAL DISEASES. PUBLIC AWARENESS - SPONSOR AND COORDINATE PUBLIC HEALTH INITIATIVES RAISING AWARENESS ABOUT VASCULAR DISEASE AND THE NEED FOR IMPROVED TREATMENT OF SUCH DISEASES. PROOF OF CONCEPT OF INNOVATIONS - VET INNOVATIONS IN CLINICAL CARE, ACADEMICS AND RESEARCH, RESULTING IN THE DEVELOPMENT OF NEW RESEARCH, CLINICAL CARE AND SPIN OFF ENTREPRENEURIAL DEVELOPMENTS AND JOBS IN WESTERN NEW YORK. BY CONDUCTING THE FOREGOING ACTIVITIES, 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.

Transfer Prsnl Bnft Contracts Decl TransferPrsnlBnftContractsDecl

FieldValueIRS element (for citing)
DeclarationTHE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.Declaration

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