IRS 990 Nonprofit Profile

Massachusetts Institute of Technology

Overview

The MIT community is driven by a shared purpose: to make a better world through education, research, and innovation. The mission of MIT is to advance knowledge and educate students in science, technology, and other areas of scholarship that will best serve the nation and the world in the 21st century. The Institute is committed to generating, disseminating, and preserving knowledge, and to working with others to bring this knowledge to bear on the world’s great challenges. MIT is dedicated to providing its students with an education that combines rigorous academic study and the excitement of discovery with the support and intellectual stimulation of a diverse campus community. We seek to develop in each member of the MIT community the ability and passion to work wisely, creatively, and ef.

The mission of MIT is to advance knowledge and educate students in science, technology, and other areas of scholarship that will best serve the nation and the world in the 21st century. The Institute is committed to generating, disseminating, and preserving knowledge, and to working with others to bring this knowledge to bear on the world’s great challenges. MIT is dedicated to providing its students with an education that combines rigorous academic study and the excitement of discovery with the support and intellectual stimulation of a diverse campus community. We seek to develop in each member of the MIT community the ability and passion to work wisely, creatively, and ef.

Sector
Education
Faith identity / affiliation
Unknown
Official website
http://web.mit.edu
Public contact
617-253-1000 · Undergraduate Admissions: [email protected]; Alumni Association: [email protected]

EducationResearchInnovation

Programs and Current Appeals

  • departmental programs

    Ongoing

  • MIT Professional Education

    Ongoing

  • Student Mental Health and Counseling Services

    Ongoing

  • Urgent Care

    Ongoing

Places of Operation

Public sources identify operations or appeals in 1 place.

United States

Official Sources and Evidence

This profile summarizes 5 official source pages and 53 evidence items alongside IRS Form 990 data.

Financials

Filing year
2023
Total revenue
$5.9B
Total expenses
$5.2B
Total assets
$39.9B
Program expenses
$4.2B
Administration
$921.0M
Fundraising
$67.2M
Program share of expenses
81%
EIN
42103594
Sector
Education
Location
Cambridge, MA

Leadership and Compensation

Seth Alexander - President of MITIMCo
$3.7M
Steven Marsh - Senior VP, MITIMCo
$3.2M
L Rafael Reif - Professor (Former President)
$2.7M
Thomas Wieand - Global Investment Professional, MITIMCo
$2.4M
Ryan Akkina - Global Investment Professional, MITIMCo
$2.4M
Navneeth Harikumar - Global Investment Professional, MITIMCo
$2.3M
Sally Kornbluth - President
$1.8M
Cynthia Barnhart - Provost
$1.0M
Glen Shor - Executive VP and Treasurer
$956K
Mark DiVincenzo - VP and General Counsel
$896K

Officers, directors and key employees with total reported compensation, from Form 990 Part VII.

Governance

Voting board members
12
Independent members
10

Grants

Grants to U.S. organizations and individuals
$677.6M
Grants outside the U.S.
$6.0M

Foreign Activity

Reported $6.0M in grants and assistance outside the United States (Form 990 Part IX line 3; detail on Schedule F).

http://web.mit.edu

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Financial data on this page is sourced from IRS Form 990 filings.