JOAN AND IRWIN JACOBS TECHNION - CORNELL INSTITUTE INC

EIN: 464395157 501(c)(3) Education

NEW YORK, NY

Total Revenue
$29,069,601
Total Expenses
$30,031,578
Total Assets
$203,412,008
Net Assets
$202,694,624
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
NY
Phone
6072545898
Tax Period
2023-06-30 to 2024-06-29

JOAN AND IRWIN JACOBS TECHNION - CORNELL INSTITUTE INC, founded in 2012, is a mid-sized nonprofit in the Education sector that reported $29.1M in total revenue in fiscal year 2023. Revenue surged 71% from the prior year, signaling strong growth momentum. Net assets of $202.7M represent 84 months of operating reserves.

Mission

ADMINISTRATION OF DUAL MASTERS DEGREE PROGRAM AWARDED BY TECHNION-ISRAEL INSTITUTE OF TECHNOLOGY AND CORNELL PROVIDE RESEARCH ENVIRONMENT FOR FACULTY, RESEARCHERS AND STUDENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,683,545
Program Service Revenue $15,997,241
Investment Income $6,366,831
Other Revenue $21,984
TOTAL REVENUE $29,069,601

Expense Breakdown

Grants Paid $3,528,322
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $26,433,378
Other Expenses $26,503,256
TOTAL EXPENSES $30,031,578

Year-over-Year Comparison

2023 2022 Change
Revenue $29,069,601 $16,992,517 +0.7%
Expenses $30,031,578 $28,082,450 +0.1%
Net Income $-961,977 $-11,089,933 -0.9%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
11

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL KOTLIKOFF TRUSTEE & PROVOST 2.0
Officer Director
$0 $0 $0
ARIEL ORDA TRUSTEE 2.0
Director
$0 $0 $0
AVIGDOR GAL TRUSTEE 2.0
Director
$0 $0 $0
GREG MORRISETT TRUSTEE 2.0
Director
$0 $0 $0
LAURA SYER TRUSTEE 2.0
Director
$0 $0 $0
MARK LEWIS TRUSTEE 2.0
Director
$0 $0 $0
ODED RABINOVITCH TRUSTEE 2.0
Director
$0 $0 $0
RAFI AVIRAM TRUSTEE 2.0
Director
$0 $0 $0
DONICA THOMAS VARNER SECRETARY 2.0
Officer
$0 $0 $0
ISRAEL CIDON DIRECTOR 50.0
Officer
$0 $0 $0
MICHAEL WEISSMAN TREASURER 2.0
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $29,069,601 $30,031,578 $203,412,008 $-961,977
2023 $16,992,517 $28,082,450 $199,052,060 $-11,089,933
2022 $32,551,602 $23,129,330 $203,934,277 $9,422,272
2021 $18,316,542 $16,434,384 $205,040,861 $1,882,158
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