Joan And Irwin Jacobs Technion-Cornell Innovation Instit
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 22,699,830 | 14,608,277 | 8,091,553 | 118.5 | 0% |
| 2020 | 23,947,914 | 15,652,822 | 8,295,092 | 120.8 | 0% |
| 2021 | 18,316,542 | 16,434,384 | 1,882,158 | 149.4 | 0% |
| 2022 | 32,551,602 | 23,129,330 | 9,422,272 | 105.6 | 0% |
| 2023 | 16,992,517 | 28,082,450 | −11,089,933 | 84.6 | 0% |
In its most recent public year (2023), this organization spent $11,089,933 more than it brought in. Its reserves stood at about 84.6 months of spending, down from 118.5 in 2019. Staff pay was 0% of spending. $182,402,042 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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