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Nonprofit · EIN 26-3085485

JACOBS INSTITUTE INC

Tax-exempt · BUFFALO, NY 14203

Financials

$13.9M$12.1M2025
Revenue Expenses · by fiscal year end
Financials of JACOBS INSTITUTE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$13,903,778$12,142,887$1,760,891$10,729,462$5,317,481$5,411,981
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$3,586,440
Program service revenue
$10,138,341
Investment income
$80,107
Other revenue
$98,890

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$1,448,663
Other salaries and wages
$2,940,490
Salaries, compensation and benefits (total)
$5,011,856
Professional fundraising fees
$0
Legal fees
$233,756
Accounting fees
$47,475
Occupancy
$317,342
Travel
$287,171
Depreciation
$493,523
Program services (functional)
$9,472,914
Management and general (functional)
$2,562,186
Fundraising (functional)
$107,787

Balance sheet and other

Total assets, start of year
$7,398,323
Total assets, end of year
$10,729,462
Total liabilities, end of year
$5,317,481
Net assets, end of year
$5,411,981
Land, buildings and equipment
$1,798,691
Net assets without donor restrictions
$1,774,616
Net assets with donor restrictions
$3,637,365
Gross receipts
$13,903,778
Employees
45
Volunteers
11
Year formed
2008
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
ADNAN H SIDDIQUI MDCHIEF MEDICAL OFFICER & CEO
Officer
40$750,000$0
CARLOS PENACHIEF REGULATORY & QUALITY
Officer
40$376,643$68,301
TIMOTHY KORNCHIEF FINANCIAL OFFICER
Officer
40$214,669$39,050
ADAM SPARKSDIRECTOR OF ENGINEERING
Highest-paid employee
40$152,861$45,097
PAMELA MARCUCCIVP OF PROGRAMS
Highest-paid employee
40$153,607$16,127
DANIEL RATHBONESTAFF ENGINEER
Highest-paid employee
40$129,254$39,287
DANIEL LAWRENCESENIOR PROGRAM MANAGER
Highest-paid employee
40$133,112$18,890
KARI ANASTASIADIRECTOR OF ENGINEERING
Highest-paid employee
40$124,651$23,214
JEREMY M JACOBSCHAIRMAN
Trustee or director, Officer
0.5$0$0
DONALD BOYDDIRECTOR
Trustee or director
0.5$0$0
FRED KHOSRAVIDIRECTOR
Trustee or director
0.5$0$0
GERALD S LIPPESDIRECTOR
Trustee or director
0.5$0$0
JEREMY M JACOBS JRDIRECTOR
Trustee or director
0.5$0$0
ROBERT HOPKINSDIRECTOR
Trustee or director
0.5$0$0
ROBERT T BRADYDIRECTOR
Trustee or director
0.5$0$0
5 more people on this return
NameTitleHours / weekCompensation
SATISH K TRIPATHI PHDDIRECTOR
Trustee or director
0.5$0
WILLIAM G GISEL JRDIRECTOR
Trustee or director
0.5$0
DANIEL J ZIMMERTREASURER
Officer
3$0
MICHAEL MCCABE ESQSECRETARY
Officer
0.5$0
THOMAS R BEECHER JRASSISTANT SECRETARY
Officer
0.5$0

Address and contacts

Address (IRS master file)
875 ELLICOTT STREET FL5, BUFFALO, NY 14203-1034
In care of
% BARRANTYS THOMAS R BEECHER JR
Principal officer (990 for 2025)
TIMOTHY M KORN, 875 ELLICOTT STREET FL5, BUFFALO, NY 14203
Signed the 990
TIMOTHY M KORN, CHIEF FINANCIAL OFFICER
Phone
(716) 888-4805
Return prepared by
COHEN & CO ADVISORY LLC

Mission

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.

990 for the year ended December 31, 2025

Program accomplishments

  • INVESTIGATION AND DUE DILIGENCE RELATED TO IMPLEMENTATION OF ALL ACTIVITIES ON SCHEDULE O.
    Expenses $9,472,914 · revenue $10,138,341

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
26-3085485
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2010
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Medical research (H50)
Assets (IRS master file)
$10,729,462
Income (IRS master file)
$13,903,778

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025–––IRS
990December 2024–––IRS
990December 2023$12,546,764$13,073,705$7,403,376IRS
990December 2022$12,864,398$11,930,076$7,681,956IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about JACOBS INSTITUTE INC

What is the EIN of JACOBS INSTITUTE INC?
The employer identification number (EIN) of JACOBS INSTITUTE INC is 26-3085485.
Is JACOBS INSTITUTE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
Are donations to JACOBS INSTITUTE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does JACOBS INSTITUTE INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of JACOBS INSTITUTE INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did JACOBS INSTITUTE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of JACOBS INSTITUTE INC?
The 990 for the year ended December 31, 2025 names TIMOTHY M KORN.
Who are the officers and directors of JACOBS INSTITUTE INC?
The 990 for the year ended December 31, 2025 lists 20 people; 8 received compensation from the organization, the highest $750,000 (ADNAN H SIDDIQUI MD, CHIEF MEDICAL OFFICER & CEO).
How much revenue does JACOBS INSTITUTE INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $13,903,778, expenses of $12,142,887 and total assets of $10,729,462 at year end.

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