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Research and Development Council of New Jersey Inc

EIN 22-2188362 · Chatham, NJ

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair53 out of 100GovernanceFair58 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

The Council's purpose is to advance research and development in New Jersey and promote excellence in STEM education through the assimilation and distribution of information, facilitation of stakeholders and constituents,and developing and implementing programs regarding R&D and STEM throughout the state.

Income
$1.0 million
Spending
$1.3 million
Spent on programs
76%
Reserves
4.9 months of spending
Largest source of income
fees for its services, 52%
Employees
0

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 53 out of 100. Higher than 21% of charities in its peer group (science, $1m to $10m).

  • Reserves

    20 of 35

    Spendable reserves would cover 4.9 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 27% of income.

  • Income trend

    5 of 15

    Income fell 17% on the year before.

  • Spending floor

    8 of 15

    76% of spending went to programs and raising each dollar of donations cost 42 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 58 out of 100. Higher than 12% of charities in its peer group (science, $1m to $10m).

  • Independent board

    25 of 25

    33 of 33 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (6)
  1. $439,490 spent. State of New Jersey Grant Funding provided to support the mission of the R&D Council to foster collaboration among leaders in industry, academia and government to drive New Jerseys innovation economy.
  2. $279,739 spent. The New Jersey STEM Pathways Network, a strategic public-private alliance, aims to attract, cultivate and retain a 21st Century workforce in New Jersey, ensuring the state remains a top global competitor in STEM industry and continues its rich history of innovation. This network includes over 500 representatives from K-12, higher education, business, non-profits and government. It meets as a whole on a quarterly basis to discuss issues and solutions affecting the New Jersey STEM pipeline and incudes four working groups focused on STEM in early learning, computer science, teacher training and recruitment, and workforce development. NJSPN also manages New Jerseys five STEM learning ecosystems which are national recognized.
  3. $135,810 spent. The Council hosts an annual awards ceremony and dinner to recognize achievements in Research and Development by awarding the Thomas Alva Edison Patent Award for exceptional patents developed in New Jersey.
  4. $92,374 spent. The Governor's STEM Scholars is a public private partnership developed with the Governor's office, Department of Education and the Secretary of Higher Education. The program enrolls 70, 10th grade through PhD level, students who excel in STEM studies. The Scholars participate in a yearlong program that includes four conferences highlighting New Jersey' STEM enonomy. Further, the program provides STEM networking oppotunities, internships and field trips four our Scholars.
  5. $19,523 spent. The Newark STEAM Coalition is to create a resource-rich ecosystem that prepares Newarks PreK-16 students to fully participate in a 21st Century workforce. The Coalitions goal is to develop Newarks future STEAM workforce by closing education, access and opportunity gaps through collaborations among businesses, institutions of higher education, school district leadership, youth-service providers, science and cultural institutions and workforce development.
  6. $12,300 spent. The mission of the CS4NJ Coalition (CS4NJ) is to promote and support equitable high-quality, standards-based Computer Science education for all New Jersey K-12 students by leveraging the strengths, resources and relationships of New Jersey universities, nonprofits, and other stakeholders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 2004.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.