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