2024-05-14T15:35:01-05:00 2023-06-30 FORVIS LLP 1155 Avenue of the Americas 1200 New York NY 10036 990 2022-07-01 464395157 Joan and Irwin Jacobs Technion - Cornell Institute Inc % MICHAEL WEISSMAN JOAN 6072545898 2 West Loop Road New York NY 10044 MICHAEL WEISSMAN TREASURER 6072553790 2024-03-30 true Paul Streeter 999009999 Aaron Shapiro P01333816 2128674000 2 2022 2023-04-26 12:10:37Z MICHAEL WEISSMAN 2 West Loop Road New York NY 10044 29513211 false X TECH.CORNELL.EDU X 2013 NY ADMINISTRATION OF DUAL MASTERS DEGREE PROGRAM AWARDED BY TECHNION-ISRAEL INSTITUTE OF TECHNOLOGY AND Cornell PROVIDE RESEARCH ENVIRONMENT FOR FACULTY, RESEARCHERS and students. 8 8 0 11 0 8157117 3568594 12438114 13610514 11956371 -199055 0 12464 32551602 16992517 3391629 3993504 0 0 0 0 0 0 0 19737701 24088946 23129330 28082450 9422272 -11089933 203934277 199052060 458344 1048819 203475933 198003241 ADMINISTRATION OF DUAL MASTERS DEGREE PROGRAM AWARDED BY TECHNION-ISRAEL INSTITUTE OF TECHNOLOGY AND CORNELL UNIVERSITY. PROVIDE RESEARCH ENVIRONMENT FOR FACULTY, RESEARCHERS, AND STUDENTS. false false 22570800 3993504 13610514 THE JOAN AND IRWIN JACOBS TECHNION-CORNELL INSTITUTE, INC. (JACOBS) WAS FORMED IN APRIL 2013 TO ADMINISTER A DUAL MASTERS DEGREE PROGRAM AWARDED BY TECHNION-ISRAEL INSTITUTE OF TECHNOLOGY (TECHNION) AND CORNELL UNIVERSITY. THE PROGRAM CONDUCTS AND SUPPORTS SCIENTIFIC AND TECHNOLOGICAL RESEARCH AND ENCOURAGES THE DEVELOPMENT OF THE INDUSTRY. 1828509 JACOBS' RUNWAY PROGRAM IS A UNIQUE PROGRAM THAT GIVES RECENT PHD'S INTERESTED IN ENTREPENEURSHIP IN TECHNOLOGY THE OPPORTUNITY TO DRAW ON THEIR RESEARCH KNOWLEDGE TO LAUNCH NEW VENTURES WITH THE ACADEMIC, PROFESSIONAL, AND NETWORKING SUPPORT FROM JACOBS. 24399309 true true false false false false false false false true true true false true false false true true false false false false false false false false false true false false false false false false false false false false false false false false false false false false false true 0 0 0 false false false false false false false false false false false false X 8 8 false false false false false true true true true false false true false true false true true false NY X MICHAEL WEISSMAN 6072545898 377 PINE TREE ROAD ITHACA NY 14850 X Michael Kotlikoff Trustee & Provost 2.0 0.0 X X 0 0 0 Oded Rabinovitch Trustee 2.0 0.0 X 0 0 0 Ariel Orda Trustee 2.0 0.0 X 0 0 0 Rafi Aviram Trustee 2.0 0.0 X 0 0 0 Avigdor Gal Trustee 2.0 0.0 X 0 0 0 Greg Morrisett Trustee 2.0 0.0 X 0 0 0 Simon PM Allen Trustee 2.0 0.0 X 0 0 0 John M Kleinberg Trustee 2.0 0.0 X 0 0 0 Donica Thomas Varner Secretary 2.0 0.0 X 0 0 0 Michael Weissman Treasurer 2.0 0.0 X 0 0 0 Israel Cidon Director 50.0 0.0 X 0 0 0 0 0 0 0 false false false 0 3568594 3568594 TUITION 611710 10687387 10687387 RESEARCH 611710 2841459 2841459 APPLICATION FEES 611710 45668 45668 OTHER SOURCES 611710 36000 36000 13610514 6157726 6157726 0 8187 8187 0 0 0 6163913 12520694 -6356781 -6356781 -6356781 0 0 0 0 0 0 0 0 0 OTHER 900099 4277 4277 4277 16992517 13610514 -186591 3993504 3993504 0 0 0 0 0 0 0 0 0 0 153813 153813 18000 18000 0 0 0 20405805 20156030 249775 2460 2337 123 2439829 2439829 8230 7819 411 0 0 821190 821190 0 181033 181033 0 0 58586 58586 0 28082450 24399309 3683141 0 0 0 0 0 6308423 3425598 602506 699918 0 0 0 0 0 0 0 0 0 0 356725 183712 167477 173013 0 0 168791006 169315332 9408294 9936177 516443 515220 18140128 14986802 203934277 199052060 458344 1048819 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 458344 1048819 X 17444106 15601199 186031827 182402042 203475933 198003241 203934277 199052060 -11089933 5617241 X false true X true false X 9248407 17530429 3138898 8157117 3568594 41643445 0 0 9248407 17530429 3138898 8157117 3568594 41643445 5062655 36580790 6265134 -1485211 5566761 6343890 6165913 22856487 0 679413 4277 683690 65183622 50714239 0.56120 0.55280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 168791006 1600000 4989654 6065328 169315332 170451503 6595000 -2752165 5503332 168791006 121059862 4210462 48897248 3716069 170451503 122979253 3643750 1202627 6765768 121059862 121045994 1712500 5411741 5190982 122979253 0.76200 0.23800 true false 356725 183712 173013 173013 CORNELL LT INVESTMENT POOL 169315332 F 169315332 FUNDS HELD AT CORNELL 14986802 14986802 19601693 5617241 519506 6136747 13464946 3527571 3527571 16992517 25074385 519506 519506 24554879 3527571 3527571 28082450 SCHEDULE D, PART V, LINE 4 JACOBS' ENDOWMENT ASSETS ARE MANAGED BY CORNELL UNIVERSITY. CORNELL'S BOARD OF TRUSTEES HAS OVERSIGHT FOR THE MANAGEMENT OF CORNELL'S ENDOWMENT, IN WHICH JACOBS PARTICIPATES, INCLUDING INVESTMENT POLICY, OBJECTIVES, AND GUIDELINES FOR ASSET ALLOCATION AND ANNUAL DISTRIBUTION. JACOBS WILL USE ITS ENDOWMENT FUNDS TO FURTHER ITS TAX EXEMPT MISSION AS DESCRIBED IN ITS FUNDING AGREEMENT. Schedule D, Part X, Line 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. Schedule D, Part XI, Line 4B Financial Aid: $3,527,571 Schedule D, Part XII, Line 4B Financial Aid: $3,527,571 true Cornell University 341 Pine Tree Road Ithaca NY 14850 150532082 501(C)(3) 3993504 Tuition Assistance 1 Schedule I, Part I, Line 2 JACOBS ADMINISTERS THE MASTERS AND PHD PROGRAMS WHILE CORNELL AND TECHNION JOINTLY DETERMINE THE SELECTION CRITERIA FOR GRANTS AND AWARDS AS THEY ARE THE DEGREE GRANTING INSTITUTIONS. THE JACOBS ADMISSION COMMITTEE DETERMINES INDIVIDUAL STUDENT ELIGIBILITY FOR AWARDS, IN LINE WITH AVAILABLE RESOURCES AND ADMISSION GOALS. THE FUNDING FOR THESE GRANTS AND AWARDS IS THEN PAID TO CORNELL UNIVERSITY, TO PROVIDE TO THE INDIVIDUAL STUDENTS ADMITTED INTO THE JACOBS PROGRAMS. APPROXIMATELY 170 STUDENTS RECEIVED FINANCIAL AID FROM JACOBS THROUGH THIS PROCESS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD CONSISTS OF FOUR DIRECTORS NOMINATED BY EACH UNIVERSITY (CORNELL AND THE TECHNION), ACCORDING TO THE SPECIFICATIONS IN THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 7B GOVERNANCE DECISIONS ARE MADE THROUGH THE BOARD OF DIRECTORS, WHICH ARE ELECTED AND FILLED BY BOTH CORNELL AND TECHNION. ANY DECISIONS CONCERNING THE BUDGET, FINANCIAL STATEMENTS, AND AUDIT ARE APPROVED BY THE FINANCE AND AUDIT SUBCOMMITTEE, WHICH CONSISTS OF THE JACOB'S DIRECTOR AND BOARD TREASURER, IN ADDITION TO MEMBERS OUTSIDE OF THE GOVERNING BODY WHICH INCLUDES CORNELL UNIVERSITY'S VP OF FINANCE, CORNELL TECH'S CHIEF ADMINISTRATIVE OFFICER, AND TECHNION'S VP FOR FINANCE AND ADMINISTRATION. THE JACOBS STEERING COMMITTEE WAS CREATED TO PROVIDE SUPPORT AND STRATEGIC GUIDANCE TO THE JACOBS DIRECTOR AND THE JACOBS BOARD OF DIRECTORS IN JACOBS EDUCATIONAL, RESEARCH, AND INNOVATION ACTIVITIES. CANDIDATES FOR MEMBERSHIP WILL BE RECOMMENDED AND APPROVED BY THE JACOBS DIRECTOR, MEMBERS OF THE JACOBS BOARD OF DIRECTORS, AND BY THE PRESIDENTS OF CORNELL UNIVERSITY AND THE TECHNION, THE LATTER NOT BEING MEMBERS OF THE JACOBS BOARD OF DIRECTORS AND GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WAS REVIEWED BY BOTH THE JACOBS DIRECTOR AND THE BOARD OF DIRECTORS. ANY QUESTIONS ON THE RETURN ARE BROUGHT UP AND DISCUSSED WITH THE PREPARER. ONCE THE 990 IS AGREED UPON, THE PREPARER GETS APPROVAL TO FILE. FORM 990, PART VI, SECTION B, LINE 15A JACOBS DOES NOT HAVE ANY EMPLOYEES, BUT RATHER THEY ARE EMPLOYED THROUGH CORNELL UNIVERSITY. ALL COMPENSATION CONCERNS FOR THE JACOBS DIRECTOR AND OTHER TOP MANAGEMENT GOES THROUGH THE AUTHORIZATION PROCEDURES ESTABLISHED BY CORNELL UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 15B JACOBS DOES NOT HAVE ANY EMPLOYEES, BUT RATHER THEY ARE EMPLOYED THROUGH CORNELL UNIVERSITY. ALL COMPENSATION CONCERNS FOR THE JACOBS DIRECTOR AND OTHER TOP MANAGEMENT GO THROUGH THE AUTHORIZATION PROCEDURES ESTABLISHED BY CORNELL UNIVERSITY. FORM 990, PART VI, SECTION C, LINE 19 AS NOTED ABOVE, JACOBS FOLLOWS THE CORNELL UNIVERSITY CONFLICT OF INTEREST, WHISTLEBLOWER, AND DOCUMENT RETENTION AND DESTRUCTION POLICIES. THESE DOCUMENTS ARE AVAILABLE TO THE PUBLIC THROUGH THE CORNELL UNIVERSITY WEBSITE (WWW.CORNELL.EDU). THE JACOBS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE NOT YET AVAILABLE ON THE INTERNET; HOWEVER, THEY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 PART IX LINE 11G DESCRIPTION:PERSONNEL COSTS - CORNELL TOTAL FEES:8973580 FORM 990 PART IX LINE 11G DESCRIPTION:OTHER SERVICES - CORNELL TOTAL FEES:9848868 FORM 990 PART IX LINE 11G DESCRIPTION:OTHER PROFESSIONAL SVCS TOTAL FEES:1583357