Nonprofit · EIN 46-4395157
JOAN AND IRWIN JACOBS TECHNION-CORNELL INNOVATION INSTIT
Also known as JACOBS TECHNION-CORNELL INNOVATION
Tax-exempt · NEW YORK, NY 10044
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $31,406,170 | $32,368,867 | -$962,697 | $217,135,526 | $1,021,998 | $216,113,528 |
| June 29, 2024 | 990 | $29,069,601 | $30,031,578 | -$961,977 | $203,412,008 | $717,384 | $202,694,624 |
| June 30, 2023 | 990 | $16,992,517 | $28,082,450 | -$11,089,933 | $199,052,060 | $1,048,819 | $198,003,241 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,905,529
- Program service revenue
- $17,724,124
- Investment income
- $7,065,203
- Royalties
- $30,806
- Net gain from sales of assets
- $438,488
- Other revenue
- $1,711,314
Expenses
- Grants and similar amounts paid
- $2,546,741
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $265,848
- Accounting fees
- $50,000
- Travel
- $712,586
- Depreciation
- $92,983
- Program services (functional)
- $27,687,696
- Management and general (functional)
- $4,681,171
Balance sheet and other
- Total assets, start of year
- $203,412,008
- Total assets, end of year
- $217,135,526
- Total liabilities, end of year
- $1,021,998
- Net assets, end of year
- $216,113,528
- Land, buildings and equipment
- $180,805
- Net assets without donor restrictions
- $15,234,755
- Net assets with donor restrictions
- $200,878,773
- Gross receipts
- $42,096,275
- Employees
- 0
- Volunteers
- 12
- Year formed
- 2012
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAVITA BALA | TRUSTEE & PROVOST (START 02/2025) Trustee or director, Officer | 2 | $0 |
| MICHAEL KOTLIKOFF | TRUSTEE & PROVOST (LEFT 02/2025) Trustee or director, Officer | 2 | $0 |
| ARIEL ORDA | TRUSTEE Trustee or director | 2 | $0 |
| AVIGDOR GAL | TRUSTEE Trustee or director | 2 | $0 |
| GREG MORRISETT | TRUSTEE Trustee or director | 2 | $0 |
| LAURA SYER | TRUSTEE Trustee or director | 2 | $0 |
| MARK LEWIS | TRUSTEE Trustee or director | 2 | $0 |
| ODED RABINOVITCH | TRUSTEE Trustee or director | 2 | $0 |
| RAFI AVIRAM | TRUSTEE Trustee or director | 2 | $0 |
| DONICA THOMAS VARNER | SECRETARY Officer | 2 | $0 |
| ISRAEL CIDON | DIRECTOR Officer | 50 | $0 |
| MICHAEL WEISSMAN | TREASURER Officer | 2 | $0 |
990 for the year ended June 29, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL KOTLIKOFF | TRUSTEE & PROVOST Trustee or director, Officer | 2 | $0 |
| ARIEL ORDA | TRUSTEE Trustee or director | 2 | $0 |
| AVIGDOR GAL | TRUSTEE Trustee or director | 2 | $0 |
| GREG MORRISETT | TRUSTEE Trustee or director | 2 | $0 |
| LAURA SYER | TRUSTEE Trustee or director | 2 | $0 |
| MARK LEWIS | TRUSTEE Trustee or director | 2 | $0 |
| ODED RABINOVITCH | TRUSTEE Trustee or director | 2 | $0 |
| RAFI AVIRAM | TRUSTEE Trustee or director | 2 | $0 |
| DONICA THOMAS VARNER | SECRETARY Officer | 2 | $0 |
| ISRAEL CIDON | DIRECTOR Officer | 50 | $0 |
| MICHAEL WEISSMAN | TREASURER Officer | 2 | $0 |
990 for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Kotlikoff | Trustee & Provost Trustee or director, Officer | 2 | $0 |
| Oded Rabinovitch | Trustee Trustee or director | 2 | $0 |
| Ariel Orda | Trustee Trustee or director | 2 | $0 |
| Rafi Aviram | Trustee Trustee or director | 2 | $0 |
| Avigdor Gal | Trustee Trustee or director | 2 | $0 |
| Greg Morrisett | Trustee Trustee or director | 2 | $0 |
| Simon PM Allen | Trustee Trustee or director | 2 | $0 |
| John M Kleinberg | Trustee Trustee or director | 2 | $0 |
| Donica Thomas Varner | Secretary Officer | 2 | $0 |
| Michael Weissman | Treasurer Officer | 2 | $0 |
| Israel Cidon | Director Officer | 50 | $0 |
Address and contacts
- Address (IRS master file)
- 2 W LOOP RD, NEW YORK, NY 10044-1501
- In care of
- % MICHAEL WEISSMAN
- Principal officer (990 for 2024)
- MICHAEL WEISSMAN, 2 WEST LOOP ROAD, NEW YORK, NY 10044
- Signed the 990
- MICHAEL WEISSMAN, Treasurer
- Phone
- (607) 254-5898
- Website
- TECH.CORNELL.EDU
- Return prepared by
- Forvis Mazars LLP
Mission
ADMINISTRATION OF DUAL MASTER'S DEGREE PROGRAM AWARDED BY TECHNION-ISRAEL INSTITUTE OF TECHNOLOGY AND CORNELL UNIVERSITY. PROVIDE RESEARCH ENVIRONMENT FOR FACULTY, RESEARCHERS, AND STUDENTS.
Program accomplishments
- THE JOAN AND IRWIN JACOBS TECHNION-CORNELL INSTITUTE, INC. (JACOBS) WAS FORMED IN APRIL 2013 TO ADMINISTER A DUAL MASTER'S 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.Expenses $25,116,649 · grants $2,546,741 · revenue $17,724,124
- JACOBS' RUNWAY PROGRAM IS A UNIQUE PROGRAM THAT GIVES RECENT PHDS INTERESTED IN ENTREPRENEURSHIP IN TECHNOLOGY THE OPPORTUNITY TO DRAW ON THEIR RESEARCH KNOWLEDGE TO LAUNCH NEW VENTURES WITH THE ACADEMIC, PROFESSIONAL, AND NETWORKING SUPPORT FROM JACOBS.Expenses $2,571,047
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 46-4395157
- 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
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $217,135,526
- Income (IRS master file)
- $42,096,275
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $31,406,170 | $32,368,867 | $217,135,526 | IRS |
| 990 | June 2024 | $29,069,601 | $30,031,578 | $203,412,008 | IRS |
| 990 | June 2023 | $16,992,517 | $28,082,450 | $199,052,060 | XML |
| 990 | June 2022 | $32,551,602 | $23,129,330 | $203,934,277 | IRS |
| 990 | June 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 46-4395157).
Questions about JOAN AND IRWIN JACOBS TECHNION-CORNELL INNOVATION INSTIT
- What is the EIN of JOAN AND IRWIN JACOBS TECHNION-CORNELL INNOVATION INSTIT?
- The employer identification number (EIN) of JOAN AND IRWIN JACOBS TECHNION-CORNELL INNOVATION INSTIT is 46-4395157.
- Is JOAN AND IRWIN JACOBS TECHNION-CORNELL INNOVATION INSTIT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to JOAN AND IRWIN JACOBS TECHNION-CORNELL INNOVATION INSTIT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does JOAN AND IRWIN JACOBS TECHNION-CORNELL INNOVATION INSTIT 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 JOAN AND IRWIN JACOBS TECHNION-CORNELL INNOVATION INSTIT due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did JOAN AND IRWIN JACOBS TECHNION-CORNELL INNOVATION INSTIT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of JOAN AND IRWIN JACOBS TECHNION-CORNELL INNOVATION INSTIT?
- The 990 for the year ended June 30, 2025 names MICHAEL WEISSMAN.
- Who are the officers and directors of JOAN AND IRWIN JACOBS TECHNION-CORNELL INNOVATION INSTIT?
- The 990 for the year ended June 30, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does JOAN AND IRWIN JACOBS TECHNION-CORNELL INNOVATION INSTIT have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $31,406,170, expenses of $32,368,867 and total assets of $217,135,526 at year end.
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