Joan and Irwin Jacobs Technion-Cornell Innovation Instit
2 W Loop Rd, New York, NY · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $31,406,170 | $32,368,867 | $216,113,528 |
| FY2024 | $29,069,601 | $30,031,578 | $202,694,624 |
| FY2023 | $16,992,517 | $28,082,450 | $198,003,241 |
| FY2022 | $32,551,602 | $23,129,330 | $203,475,933 |
| FY2021 | $18,316,542 | $16,434,384 | $204,615,957 |
| FY2020 | $23,947,914 | $15,652,822 | $157,606,152 |
| FY2019 | $22,699,830 | $14,608,277 | $144,285,806 |
| FY2018 | $20,712,406 | $11,951,626 | $135,254,333 |
| FY2017 | $111,829,989 | $8,541,447 | $124,118,469 |
| FY2016 | $9,704,288 | $8,109,736 | $19,840,863 |
| FY2015 | $16,641,027 | $6,630,568 | $18,347,730 |
| FY2014 | $6,393,580 | $2,664,284 | $8,253,850 |
| FY2013 | $4,800,000 | $361,053 | $4,438,947 |
Form 990 filings
The returns filed by Joan and Irwin Jacobs Technion-Cornell Innovation Instit (EIN 46-4395157), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $4,905,529 | 16% |
| Program service revenue | $17,724,124 | 56% |
| Other revenue | $8,776,517 | 28% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $27,687,696 | 86% |
| Management & general | $4,681,171 | 14% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 56% of total revenue in FY2025.
- Program services accounted for 86% of functional expenses, management & general 14%, and fundraising 0%.
- 86% of functional expenses went to program services in FY2025. That is higher than 49.3% of 412 Education organizations in NY.
- Net assets covered about 80.1 months of expenses at the end of the reporting year. That puts it in the 84th percentile among 4118 Education organizations in NY.
- Total revenue was higher than 95.7% of 4244 Education organizations in NY.
- Total revenue rose from $4,800,000 in FY2013 to $31,406,170 in FY2025. Revenue increased in 8 and decreased in 4 of 12 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 13 reported years (FY2023, FY2024, FY2025).
- The highest revenue on record here is $111,829,989 in FY2017.
- Net assets grew from $4,438,947 to $216,113,528 between FY2013 and FY2025.
- Contributions and grants made up 100% of revenue in FY2013 and 16% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
ADMINISTRATION OF DUAL MASTERS DEGREE PROGRAM AWARDED BY TECHNION-ISRAEL INSTITUTE OF TECHNOLOGY AND CORNELL PROVIDE RESEARCH ENVIRONMENT FOR FACULTY, RESEARCHERS AND STUDENTS.
IRS status
| Ruling year | 2014 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | B82 — Education (in NY) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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