MASSACHUSETTS INSTITUTE OF TECHNOLOGY: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- MASSACHUSETTS INSTITUTE OF TECHNOLOGY (EIN 04-2103594)
- Tax period
- 2015-07-01 to 2016-06-30
- Filed
- 2017-05-12
- IRS object ID
- 201711329349305706
- Schema version
- 2015v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-05-12T15:02:37-05:00 | ReturnTs |
| Tax Period End | 2016-06-30 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042103594 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Massachusetts Institute of Technology | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MASS | BusinessNameControlTxt |
| Phone | 6173248142 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 77 MASSACHUSETTS AVENUE NE49-3142 | AddressLine1Txt |
| City | Cambridge | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 021394307 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ISRAEL RUIZ | PersonNm |
| Person Title | EXECUTIVE VP & TREASURER | PersonTitleTxt |
| Signature | 2017-05-12 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | L RAFAEL REIF | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 77 MASSACHUSETTS AVENUE NE49-3142 | AddressLine1Txt |
| City | Cambridge | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 021394307 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $26,350,047,000 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | http://web.mit.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1861 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 13 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 24689 | TotalEmployeeCnt |
| Total Volunteers | 16667 | TotalVolunteersCnt |
| Total Gross UBI | $25,867,000 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$10,753,903 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $985,424,000 | PYContributionsGrantsAmt |
| CY Contributions Grants | $963,130,000 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $2,005,751,000 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $2,115,709,000 | CYProgramServiceRevenueAmt |
| PY Investment Income | $908,466,000 | PYInvestmentIncomeAmt |
| CY Investment Income | $740,991,000 | CYInvestmentIncomeAmt |
| PY Other Revenue | $142,583,000 | PYOtherRevenueAmt |
| CY Other Revenue | $141,590,000 | CYOtherRevenueAmt |
| PY Total Revenue | $4,042,224,000 | PYTotalRevenueAmt |
| CY Total Revenue | $3,961,420,000 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $521,926,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $541,560,000 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,437,076,000 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,514,886,000 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $889,000 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $575,000 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $52,708,000 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,402,128,000 | PYOtherExpensesAmt |
| CY Other Expenses | $1,547,373,000 | CYOtherExpensesAmt |
| PY Total Expenses | $3,362,019,000 | PYTotalExpensesAmt |
| CY Total Expenses | $3,604,394,000 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $680,205,000 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $357,026,000 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $21,882,075,000 | TotalAssetsBOYAmt |
| Total Assets EOY | $22,177,032,000 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $4,319,454,000 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $5,292,256,000 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $17,562,621,000 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $16,884,776,000 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | 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. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $1,446,724,000 | ExpenseAmt |
| Grant | $86,234,000 | GrantAmt |
| Revenue | $1,422,497,000 | RevenueAmt |
| Desc | SPONSORED RESEARCH: MIT'S CAMBRIDGE, MA CAMPUS PROVIDES A FERTILE SETTING FOR RESEARCH THAT HAS SPAWNED A HOST OF SCIENTIFIC BREAKTHROUGHS AND TECHNOLOGICAL ADVANCES. PRIMARILY SPONSORED BY FEDERAL GRANTS AND CONTRACTS, RESEARCH AT MIT AIMS TO DEVELOP INNOVATIVE SOLUTIONS TO THE WORLD'S MOST DAUNTING CHALLENGES. FROM ADDRESSING THE ENERGY NEEDS OF TOMORROW TO IMPROVING CANCER THERAPIES AND MORE, MIT'S RESEARCH EFFORTS ARE ENHANCED THROUGH CREATIVE COLLABORATIONS IN INTERDISCIPLINARY LABS AND WITH LEADING RESEARCH INSTITUTES AND CONSORTIA AROUND THE WORLD. SEE SCHEDULE O. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $854,595,000 | ExpenseAmt |
| Grant | $156,704,000 | GrantAmt |
| Revenue | $656,554,000 | RevenueAmt |
| Desc | INSTRUCTION AND UNSPONSORED RESEARCH: MIT IS COMMITTED TO PROVIDING A WORLD-CLASS EDUCATION TO OUR APPROXIMATELY 4,500 UNDERGRADUATES AND APPROXIMATELY 6,800 GRADUATE STUDENTS. THE FOCUS OF INSTRUCTION IS NOT ONLY SCIENTIFIC AND TECHNICAL, BUT INCLUDES A STRONG HUMANITIES COMPONENT AND EMPHASIZES CREATIVE PROBLEM SOLVING. MIT'S FIVE SCHOOLS (SCIENCE; ENGINEERING; HUMANITIES, ARTS & SOCIAL SCIENCES; ARCHITECTURE & URBAN PLANNING; AND MANAGEMENT) CREATE THE FOUNDATION OF A RIGOROUS MIT EDUCATION, WHICH IS HEIGHTENED BY SERVICE TO COMMUNITIES AROUND THE WORLD. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $295,419,000 | ExpenseAmt |
| Grant | $295,419,000 | GrantAmt |
| Desc | SCHOLARSHIPS AND FELLOWSHIPS (TUITION DISCOUNT): MIT'S UNDERGRADUATE FINANCIAL AID PROGRAM ENSURES THAT AN MIT EDUCATION IS ACCESSIBLE TO ALL QUALIFIED CANDIDATES REGARDLESS OF THEIR FINANCIAL RESOURCES. MIT REMAINS DEDICATED TO PROVIDING FINANCIAL AID TO MEET THE FULL COST OF AN MIT EDUCATION, BASED ON THE NEEDS OF THE FAMILY. IN 2015-2016, APPROXIMATELY 56% OF ALL UNDERGRADUATES RECEIVED SOME TYPE OF NEED-BASED FINANCIAL AID FROM MIT. FINANCIAL AID FOR GRADUATE STUDENTS INCLUDES FELLOWSHIPS, TRAINEESHIPS, TEACHING AND RESEARCH ASSISTANTSHIPS, AND LOANS. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $159,185,000 | ExpenseAmt |
| Grant | $3,203,000 | GrantAmt |
| Revenue | $233,917,000 | RevenueAmt |
| Desc | THIS ITEM CONSISTS OF OTHER EXPENDITURES (INCLUDING GRANTS) INCURRED, AND REVENUES GENERATED IN CONNECTION WITH MIT'S OTHER PROGRAM SERVICES RELATED TO VARIOUS ACTIVITIES IN FURTHERANCE OF AND IN SUPPORT OF MIT'S EXEMPT MISSION WHICH INCLUDED BUT WERE NOT LIMITED TO SUCH THINGS AS FEES AND SERVICES (FOR EXAMPLE, MEDICAL DEPARTMENT, TECHNOLOGY LICENSING OFFICE), AUXILIARY ENTERPRISES (FOR EXAMPLE, HOUSING, DINING), AND OTHER MISCELLANEOUS PROGRAM SERVICE REVENUE. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $159,185,000 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $3,203,000 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $233,917,000 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $2,755,923,000 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (true) | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | Yes (true) | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (true) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | Yes (true) | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (true) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (true) | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (true) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (true) | LoanOutstandingInd |
| Grant To Related Person | Yes (true) | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (true) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (true) | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 24155 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 24689 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | Yes (true) | ForeignFinancialAccountInd |
| Foreign Country | AR | ForeignCountryCd |
| Foreign Country | AS | ForeignCountryCd |
| Foreign Country | BA | ForeignCountryCd |
| Foreign Country | BD | ForeignCountryCd |
| Foreign Country | BR | ForeignCountryCd |
| Foreign Country | VI | ForeignCountryCd |
| Foreign Country | CJ | ForeignCountryCd |
| Foreign Country | CI | ForeignCountryCd |
| Foreign Country | CH | ForeignCountryCd |
| Foreign Country | CO | ForeignCountryCd |
| Foreign Country | EZ | ForeignCountryCd |
| Foreign Country | DA | ForeignCountryCd |
| Foreign Country | FI | ForeignCountryCd |
| Foreign Country | FR | ForeignCountryCd |
| Foreign Country | GM | ForeignCountryCd |
| Foreign Country | GR | ForeignCountryCd |
| Foreign Country | GK | ForeignCountryCd |
| Foreign Country | HK | ForeignCountryCd |
| Foreign Country | HU | ForeignCountryCd |
| Foreign Country | IN | ForeignCountryCd |
| Foreign Country | ID | ForeignCountryCd |
| Foreign Country | EI | ForeignCountryCd |
| Foreign Country | IT | ForeignCountryCd |
| Foreign Country | JA | ForeignCountryCd |
| Foreign Country | KS | ForeignCountryCd |
| Foreign Country | LU | ForeignCountryCd |
| Foreign Country | MY | ForeignCountryCd |
| Foreign Country | MP | ForeignCountryCd |
| Foreign Country | MO | ForeignCountryCd |
| Foreign Country | NL | ForeignCountryCd |
| Foreign Country | MU | ForeignCountryCd |
| Foreign Country | PE | ForeignCountryCd |
| Foreign Country | RP | ForeignCountryCd |
| Foreign Country | PL | ForeignCountryCd |
| Foreign Country | QA | ForeignCountryCd |
| Foreign Country | RO | ForeignCountryCd |
| Foreign Country | SN | ForeignCountryCd |
| Foreign Country | SP | ForeignCountryCd |
| Foreign Country | SW | ForeignCountryCd |
| Foreign Country | SZ | ForeignCountryCd |
| Foreign Country | TW | ForeignCountryCd |
| Foreign Country | TH | ForeignCountryCd |
| Foreign Country | TU | ForeignCountryCd |
| Foreign Country | UK | ForeignCountryCd |
| Foreign Country | AE | ForeignCountryCd |
| Foreign Country | VE | ForeignCountryCd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (true) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 13 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 10 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (true) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | Yes (true) | LocalChaptersInd |
| Policies Reference Chapters | Yes (true) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (true) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (true) | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OK | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DANIELLE KHOURY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6172534835 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 77 MASSACHUSETTS AVENUE NE49-3000 | AddressLine1Txt |
| City | Cambridge | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02139 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (34 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|---|
| L Rafael Reif | ||||||||||
| President | 60.0 | 2.0 | Yes (X) | Yes (X) | $917,855 | $0 | $123,162 | |||
| Robert B Millard | ||||||||||
| Chairman of the Corporation | 60.0 | 1.0 | Yes (X) | Yes (X) | $315,548 | $0 | $29,459 | |||
| Israel Ruiz | ||||||||||
| Executive VP and Treasurer | 60.0 | 4.0 | Yes (X) | Yes (X) | $581,064 | $0 | $50,191 | |||
| Denis A Bovin | ||||||||||
| Executive Committee Member | 5.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| James A Champy | ||||||||||
| Executive Committee Member | 5.0 | 0 | Yes (X) | $0 | $0 | $0 | ||||
| Lawrence K Fish | ||||||||||
| Executive Committee Member | 5.0 | 0 | Yes (X) | $0 | $0 | $0 | ||||
| John A Thain | ||||||||||
| Executive Committee Member | 5.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| A Neil Pappalardo | ||||||||||
| Executive Committee Member | 5.0 | 0 | Yes (X) | $0 | $0 | $0 | ||||
| Diana Chapman Walsh | ||||||||||
| Executive Committee Member | 5.0 | 0 | Yes (X) | $0 | $0 | $0 | ||||
| Barrie R Zesiger | ||||||||||
| Executive Committee Member | 5.0 | 0 | Yes (X) | $0 | $0 | $0 | ||||
| Arthur J Samberg | ||||||||||
| Executive Committee Member | 5.0 | 0 | Yes (X) | $0 | $0 | $0 | ||||
| Alan G Spoon | ||||||||||
| Executive Committee Member | 5.0 | 1.0 | Yes (X) | $0 | $0 | $0 | ||||
| Henri A Termeer | ||||||||||
| Executive Committee Member | 5.0 | 0 | Yes (X) | $0 | $0 | $0 | ||||
| Susan E Whitehead | ||||||||||
| Executive Committee Member | 5.0 | 0 | Yes (X) | $0 | $0 | $0 | ||||
| R Gregory Morgan | ||||||||||
| Senior VP and Secretary of the Corporation | 60.0 | 1.0 | Yes (X) | $633,479 | $0 | $71,363 | ||||
| Cynthia Barnhart | ||||||||||
| Chancellor | 60.0 | 1.0 | $380,915 | $0 | $65,830 | Yes (X) | ||||
| Martin A Schmidt | ||||||||||
| Provost | 60.0 | 4.0 | $546,540 | $0 | $116,666 | Yes (X) | ||||
| Seth Alexander | ||||||||||
| President of MITIMCo | 60.0 | 3.0 | $1,753,921 | $0 | $51,906 | Yes (X) | ||||
| Kirk Kolenbrander | ||||||||||
| Vice President | 60.0 | 0 | $342,713 | $0 | $66,398 | Yes (X) | ||||
| Mark DiVincenzo | ||||||||||
| VP and General Counsel | 60.0 | 2.0 | $361,781 | $0 | $62,535 | Yes (X) | ||||
| Eric Evans | ||||||||||
| Director of Lincoln Laboratory | 60.0 | 0 | $476,648 | $0 | $63,175 | Yes (X) | ||||
| Maria Zuber | ||||||||||
| VP for Research | 60.0 | 4.0 | $378,642 | $0 | $61,434 | Yes (X) | ||||
| Julie Lucas | ||||||||||
| VP for Resource Development | 60.0 | 0 | $517,321 | $0 | $26,241 | Yes (X) | ||||
| Sanjay Sarma | ||||||||||
| VP for Open Learning | 60.0 | 0 | $348,652 | $0 | $59,079 | Yes (X) | ||||
| Steven Marsh | ||||||||||
| Managing Director - MITIMCo | 60.0 | 0 | $1,339,186 | $0 | $68,010 | Yes (X) | ||||
| Ivan Werning | ||||||||||
| Professor - Economics | 60.0 | 0 | $868,935 | $0 | $28,145 | Yes (X) | ||||
| Thomas Wieand | ||||||||||
| Global Investment Professional - MITIMCo | 60.0 | 0 | $848,673 | $0 | $50,379 | Yes (X) | ||||
| Daron Acemoglu | ||||||||||
| Professor - Economics | 60.0 | 0 | $829,737 | $0 | $57,166 | Yes (X) | ||||
| Steven Eppinger | ||||||||||
| Professor - Sloan | 60.0 | 0 | $782,936 | $0 | $63,959 | Yes (X) | ||||
| Claude Canizares (Former Vice President) | ||||||||||
| Professor | 40.0 | 0 | $385,138 | $0 | $35,048 | Yes (X) | ||||
| Phillip Clay (Former Chancellor) | ||||||||||
| Professor | 40.0 | 0 | $322,809 | $0 | $33,776 | Yes (X) | ||||
| W Eric Grimson (Former Chancellor) | ||||||||||
| Chancellor for Academic Advancement | 40.0 | 0 | $369,172 | $0 | $41,526 | Yes (X) | ||||
| Chris Kaiser (Former Provost) | ||||||||||
| Professor | 40.0 | 1.0 | $446,119 | $0 | $60,862 | Yes (X) | ||||
| Susan Hockfield | ||||||||||
| President Emerita & Professor | 40.0 | 0 | $716,489 | $0 | $80,207 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $14,464,273 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,366,517 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3812 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | Yes (true) | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt | Address Line2ContractorAddress/USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|
| BOND BROTHERS INC | ||||||
| 145 SPRING STREET | EVERETT | MA | 02149 | CONSTRUCTION | $59,984,878 | |
| John Moriarty & Associates | ||||||
| 3 CHURCH STREET | WINCHESTER | MA | 01890 | CONSTRUCTION | $49,272,539 | SUITE 2 |
| TURNER CONSTRUCTION COMPANY | ||||||
| 2 SEAPORT LANE | BOSTON | MA | 02210 | CONSTRUCTION | $48,454,627 | |
| CONSIGLI CONSTRUCTION CO INC | ||||||
| 72 SUMMER STREET | MILFORD | MA | 01757 | CONSTRUCTION | $46,663,006 | |
| SUFFOLK CONSTRUCTION COMPANY INC | ||||||
| 65 ALLERTON STREET | BOSTON | MA | 02119 | CONSTRUCTION | $18,343,059 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 672 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $259,000 | FundraisingAmt |
| Related Organizations | $3,214,000 | RelatedOrganizationsAmt |
| Government Grants | $401,668,000 | GovernmentGrantsAmt |
| All Other Contributions | $557,989,000 | AllOtherContributionsAmt |
| Noncash Contributions | $42,041,000 | NoncashContributionsAmt |
| Total Contributions | $963,130,000 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| Sponsored Research Contracts | 900099 | $1,225,238,000 | $1,225,238,000 | |
| Fees and Services | 900099 | $124,610,000 | $79,476,000 | $45,134,000 |
| Other Programs | 900099 | $10,965,000 | $10,965,000 | |
| Tuition | 900099 | $645,589,000 | $645,589,000 | |
| Auxiliary Enterprises | 900099 | $109,307,000 | $109,285,000 | $22,000 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $2,115,709,000 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $78,918,000 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$19,289,000 | UnrelatedBusinessRevenueAmt |
| Exclusion | $98,207,000 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $57,533,000 | TotalRevenueColumnAmt |
| Exclusion | $57,533,000 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $134,773,000 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $50,596,000 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $84,177,000 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $84,177,000 | TotalRevenueColumnAmt |
| Exclusion | $84,177,000 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $22,999,984,000 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $22,337,911,000 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $662,073,000 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $662,073,000 | TotalRevenueColumnAmt |
| Exclusion | $662,073,000 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $259,000 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $120,000 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$120,000 | TotalRevenueColumnAmt |
| Exclusion | -$120,000 | ExclusionAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,961,420,000 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,070,553,000 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $25,867,000 | UnrelatedBusinessRevenueAmt |
| Exclusion | $901,870,000 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $508,000 | TotalAmt |
| Program Services | $508,000 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $538,357,000 | TotalAmt |
| Program Services | $538,357,000 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,695,000 | TotalAmt |
| Program Services | $2,695,000 | ProgramServicesAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,672,000 | TotalAmt |
| Program Services | $1,542,000 | ProgramServicesAmt |
| Management And General | $6,629,000 | ManagementAndGeneralAmt |
| Fundraising | $501,000 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,666,000 | TotalAmt |
| Program Services | $1,059,000 | ProgramServicesAmt |
| Management And General | $1,607,000 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,196,088,000 | TotalAmt |
| Program Services | $926,297,000 | ProgramServicesAmt |
| Management And General | $241,545,000 | ManagementAndGeneralAmt |
| Fundraising | $28,246,000 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $78,029,000 | TotalAmt |
| Program Services | $61,104,000 | ProgramServicesAmt |
| Management And General | $16,107,000 | ManagementAndGeneralAmt |
| Fundraising | $818,000 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $146,980,000 | TotalAmt |
| Program Services | $111,835,000 | ProgramServicesAmt |
| Management And General | $30,213,000 | ManagementAndGeneralAmt |
| Fundraising | $4,932,000 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $82,451,000 | TotalAmt |
| Program Services | $64,566,000 | ProgramServicesAmt |
| Management And General | $17,021,000 | ManagementAndGeneralAmt |
| Fundraising | $864,000 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,179,000 | TotalAmt |
| Program Services | $32,630,000 | ProgramServicesAmt |
| Management And General | $35,549,000 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,445,000 | TotalAmt |
| Program Services | $791,000 | ProgramServicesAmt |
| Management And General | $23,654,000 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,975,000 | TotalAmt |
| Program Services | $89,000 | ProgramServicesAmt |
| Management And General | $2,886,000 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $575,000 | TotalAmt |
| Fundraising | $575,000 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,612,000 | TotalAmt |
| Management And General | $4,612,000 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $38,149,000 | TotalAmt |
| Program Services | $12,763,000 | ProgramServicesAmt |
| Management And General | $25,386,000 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,287,000 | TotalAmt |
| Program Services | $10,088,000 | ProgramServicesAmt |
| Management And General | $2,199,000 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,332,000 | TotalAmt |
| Program Services | $18,686,000 | ProgramServicesAmt |
| Management And General | $11,828,000 | ManagementAndGeneralAmt |
| Fundraising | $818,000 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $54,668,000 | TotalAmt |
| Program Services | $13,545,000 | ProgramServicesAmt |
| Management And General | $39,616,000 | ManagementAndGeneralAmt |
| Fundraising | $1,507,000 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,178,000 | TotalAmt |
| Program Services | $9,531,000 | ProgramServicesAmt |
| Management And General | $9,647,000 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,522,000 | TotalAmt |
| Program Services | $39,726,000 | ProgramServicesAmt |
| Management And General | $5,727,000 | ManagementAndGeneralAmt |
| Fundraising | $69,000 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $87,349,000 | TotalAmt |
| Program Services | $74,137,000 | ProgramServicesAmt |
| Management And General | $10,031,000 | ManagementAndGeneralAmt |
| Fundraising | $3,181,000 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,849,000 | TotalAmt |
| Program Services | $39,829,000 | ProgramServicesAmt |
| Management And General | $4,429,000 | ManagementAndGeneralAmt |
| Fundraising | $3,591,000 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $116,479,000 | TotalAmt |
| Program Services | $100,862,000 | ProgramServicesAmt |
| Management And General | $15,515,000 | ManagementAndGeneralAmt |
| Fundraising | $102,000 | FundraisingAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,880,000 | TotalAmt |
| Program Services | $1,880,000 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $158,183,000 | TotalAmt |
| Program Services | $142,291,000 | ProgramServicesAmt |
| Management And General | $15,524,000 | ManagementAndGeneralAmt |
| Fundraising | $368,000 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $59,308,000 | TotalAmt |
| Program Services | $47,392,000 | ProgramServicesAmt |
| Management And General | $11,916,000 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Facilities and Utilities Charges | $156,914,000 | $104,843,000 | $51,980,000 | $91,000 |
| Subrecipient Agreements | $137,354,000 | $137,354,000 | ||
| Equipment | $115,270,000 | $96,702,000 | $17,693,000 | $875,000 |
| Lab Supplies | $49,442,000 | $49,180,000 | $262,000 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $315,998,000 | TotalAmt |
| Program Services | $115,641,000 | ProgramServicesAmt |
| Management And General | $194,187,000 | ManagementAndGeneralAmt |
| Fundraising | $6,170,000 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,604,394,000 | TotalAmt |
| Program Services | $2,755,923,000 | ProgramServicesAmt |
| Management And General | $795,763,000 | ManagementAndGeneralAmt |
| Fundraising | $52,708,000 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $301,931,000 | BOYAmt |
| EOY | $445,092,000 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,028,407,000 | BOYAmt |
| EOY | $939,525,000 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $624,535,000 | BOYAmt |
| EOY | $664,672,000 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $171,262,000 | BOYAmt |
| EOY | $199,399,000 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $500,000 | BOYAmt |
| EOY | $1,900,000 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,678,000 | BOYAmt |
| EOY | $42,137,000 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,797,000 | BOYAmt |
| EOY | $6,033,000 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $148,640,000 | BOYAmt |
| EOY | $131,292,000 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $4,568,656,000 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,477,427,000 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,817,053,000 | BOYAmt |
| EOY | $3,091,229,000 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,622,389,000 | BOYAmt |
| EOY | $1,477,062,000 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,114,883,000 | BOYAmt |
| EOY | $15,178,691,000 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,882,075,000 | BOYAmt |
| EOY | $22,177,032,000 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $564,448,000 | BOYAmt |
| EOY | $656,325,000 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $76,002,000 | BOYAmt |
| EOY | $58,631,000 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $863,471,000 | BOYAmt |
| EOY | $850,400,000 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,058,760,000 | BOYAmt |
| EOY | $2,041,693,000 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $756,773,000 | BOYAmt |
| EOY | $1,685,207,000 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,319,454,000 | BOYAmt |
| EOY | $5,292,256,000 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,127,306,000 | BOYAmt |
| EOY | $6,614,991,000 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,553,447,000 | BOYAmt |
| EOY | $7,190,529,000 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,881,868,000 | BOYAmt |
| EOY | $3,079,256,000 | EOYAmt |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,562,621,000 | BOYAmt |
| EOY | $16,884,776,000 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,882,075,000 | BOYAmt |
| EOY | $22,177,032,000 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $357,026,000 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$519,220,000 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$515,651,000 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $894,547,000 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $817,616,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $956,016,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $985,424,000 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $963,130,000 | CurrentTaxYearAmt |
| Total | $4,616,733,000 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $894,547,000 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $817,616,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $956,016,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $985,424,000 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $963,130,000 | CurrentTaxYearAmt |
| Total | $4,616,733,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $0 | SubstantialContributorsTotAmt |
| Public Support Total170 | $4,616,733,000 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $269,941,000 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $231,493,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $257,919,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $191,688,000 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $290,513,000 | CurrentTaxYearAmt |
| Total | $1,241,554,000 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $33,297,000 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $33,297,000 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $5,891,584,000 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $10,171,707,000 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.7836 | PublicSupportCY170Pct |
| Public Support PY170 | 0.7673 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | false | VolunteersInd |
| Paid Staff Or Management | Yes (true) | PaidStaffOrManagementInd |
| Media Advertisements | false | MediaAdvertisementsInd |
| Mailings Members | false | MailingsMembersInd |
| Publications Or Broadcast | false | PublicationsOrBroadcastInd |
| Grants Other Organizations | false | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (true) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $168,918 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | false | RalliesDemonstrationsInd |
| Other Activities | Yes (true) | OtherActivitiesInd |
| Total Lobbying Expenditures | $168,918 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | false | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule C, Part II-B, Line 1 Description of the Activities Reported on Lines 1A through 1I | FormAndLineReferenceDesc |
| Explanation | LINES 1B & 1G FROM TIME TO TIME, MIT ENGAGES IN LOBBYING ACTIVITY USING MIT'S OWN PERSONNEL. MIT'S EFFORTS REGARDING LEGISLATIVE AND RELATED ACTIVITIES IN FY 2016 FOCUSED ON THE AREAS OF LEGISLATION, POLICY AND FUNDING SUPPORT FOR SCIENCE, TECHNOLOGY, EDUCATION, LAND USE AND TAXATION. STAFF ACTIVITIES INCLUDED THE GATHERING AND DISSEMINATION OF INFORMATION TO THE MIT CAMPUS CONCERNING GOVERNMENT ACTIVITIES AND ACTIONS, AS WELL AS MEETINGS AND DISCUSSIONS WITH FEDERAL AND STATE OFFICIALS, ON THE ABOVE ISSUES. LINE 1I MIT PAYS DUES AND IS A MEMBER OF SEVERAL ASSOCIATIONS THAT PROVIDE INFORMATION TO THE HIGHER EDUCATION COMMUNITY AS WELL AS ADVOCATE FOR ISSUES THAT ARE IMPORTANT TO THE SECTOR. A PORTION OF THE DUES PAID TO THESE ORGANIZATIONS MAY BE USED TO LOBBY BY THE ASSOCIATIONS. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Solicited Assets Sale | false | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $13,687,939,000 | BeginningYearBalanceAmt |
| Contributions | $253,951,000 | ContributionsAmt |
| Investment Earnings Or Losses | $101,323,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $117,845,000 | GrantsOrScholarshipsAmt |
| Other Expenditures | $468,943,000 | OtherExpendituresAmt |
| Administrative Expenses | $20,400,000 | AdministrativeExpensesAmt |
| End Year Balance | $13,436,025,000 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $12,589,776,000 | BeginningYearBalanceAmt |
| Contributions | $166,646,000 | ContributionsAmt |
| Investment Earnings Or Losses | $1,495,654,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $111,034,000 | GrantsOrScholarshipsAmt |
| Other Expenditures | $434,827,000 | OtherExpendituresAmt |
| Administrative Expenses | $18,276,000 | AdministrativeExpensesAmt |
| End Year Balance | $13,687,939,000 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $11,005,930,000 | BeginningYearBalanceAmt |
| Contributions | $192,422,000 | ContributionsAmt |
| Investment Earnings Or Losses | $1,921,163,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $104,323,000 | GrantsOrScholarshipsAmt |
| Other Expenditures | $411,108,000 | OtherExpendituresAmt |
| Administrative Expenses | $14,308,000 | AdministrativeExpensesAmt |
| End Year Balance | $12,589,776,000 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $10,308,273,000 | BeginningYearBalanceAmt |
| Contributions | $136,980,000 | ContributionsAmt |
| Investment Earnings Or Losses | $1,075,065,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $98,947,000 | GrantsOrScholarshipsAmt |
| Other Expenditures | $400,353,000 | OtherExpendituresAmt |
| Administrative Expenses | $15,088,000 | AdministrativeExpensesAmt |
| End Year Balance | $11,005,930,000 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $9,853,574,000 | BeginningYearBalanceAmt |
| Contributions | $180,985,000 | ContributionsAmt |
| Investment Earnings Or Losses | $754,548,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $93,944,000 | GrantsOrScholarshipsAmt |
| Other Expenditures | $374,661,000 | OtherExpendituresAmt |
| Administrative Expenses | $12,229,000 | AdministrativeExpensesAmt |
| End Year Balance | $10,308,273,000 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.2949 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.2204 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.4847 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (true) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | Yes (true) | EndowmentsHeldRelatedOrgInd |
| Related Org List Sch R | Yes (true) | RelatedOrgListSchRInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $83,610,000 | OtherCostOrOtherBasisAmt |
| Book Value | $83,610,000 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,073,525,000 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,404,470,000 | DepreciationAmt |
| Book Value | $2,669,055,000 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $64,059,000 | OtherCostOrOtherBasisAmt |
| Book Value | $64,059,000 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $347,462,000 | OtherCostOrOtherBasisAmt |
| Depreciation | $72,957,000 | DepreciationAmt |
| Book Value | $274,505,000 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $3,091,229,000 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (8 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| NONCONTROLLING INTERESTS | $205,421,000 | F |
| FIXED INCOME | $650,256,000 | F |
| EQUITIES | $8,428,984,000 | F |
| ABSOLUTE RETURN | $1,816,975,000 | F |
| REAL ESTATE & REAL ASSETS | $4,012,379,000 | F |
| SPLIT INTEREST AGREEMENTS | $126,832,000 | F |
| OTHER | $909,000 | F |
| INTEREST RATE SWAPS | -$63,065,000 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $15,178,691,000 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)
| DescDesc | AmtAmt |
|---|---|
| Deferred Revenue and Other Credits | $10,210,000 |
| Noncontrolling Interests | $205,421,000 |
| Advance Payments | $447,343,000 |
| Government Advances for Student Loans | $36,173,000 |
| Accrued Benefits | $496,029,000 |
| Liabilities Associated with Investments | $490,031,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,685,207,000 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part III PART III, LINE 1A | AS NOTED IN MIT'S AUDITED FINANCIAL STATEMENTS, MIT RECORDS ITEMS OF COLLECTIONS AS A GIFT AT NOMINAL VALUE. THEY ARE RECEIVED FOR EDUCATIONAL PURPOSES AND GENERALLY DISPLAYED THROUGHOUT MIT. IN GENERAL, COLLECTIONS ARE NOT DISPOSED OF FOR FINANCIAL GAIN OR OTHERWISE ENCUMBERED IN ANY MANNER. |
| Schedule D, Part III, Line 4 Collections of art - description of collections | MIT RECORDS ITEMS OF COLLECTIONS OF ART AS A GIFT AT NOMINAL VALUE. THEY ARE RECEIVED FOR EDUCATIONAL PURPOSES AND GENERALLY DISPLAYED THROUGHOUT MIT. IN GENERAL, COLLECTIONS ARE NOT DISPOSED OF FOR FINANCIAL GAIN OR OTHERWISE ENCUMBERED IN ANY MANNER. |
| Schedule D, Part V, Line 4 Intended uses of endowment funds | MIT'S ENDOWMENT IS INTENDED TO PROVIDE FINANCIAL SUPPORT TO FURTHER MIT'S MISSION OF EDUCATION AND RESEARCH. SPECIFICALLY, MIT'S ENDOWMENT PROVIDES ONGOING SUPPORT FOR GRADUATE AND UNDERGRADUATE STUDENT SCHOLARSHIPS, FELLOWSHIPS AND STUDENT LOANS, PROFESSORSHIPS, THE MAINTENANCE OF MIT'S FACILITIES, AND ACADEMIC DEPARTMENT SUPPORT. |
| Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote | US GAAP requires MIT to evaluate tax positions taken by the Institute and recognize a tax liability (or asset) if the Institute has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. MIT has analyzed the tax positions taken and has concluded that as of June 30, 2016, there are no significant uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY | MIT'S PROSPECTIVE STUDENTS CAN FIND THE INSTITUTE'S RACIALLY NONDISCRIMINATORY POLICY AT ANY TIME DURING THE ADMISSION PROCESS AND THROUGHOUT THE ENTIRE ACADEMIC YEAR AT HTTP://MITADMISSIONS.ORG/PAGES/POLICIES. MIT'S RACIALLY NONDISCRIMINATORY POLICY FOR THE GENERAL COMMUNITY CAN BE FOUND IN MIT'S POLICIES & PROCEDURES 7.1.1. AND 9.2 OR CAN BE FOUND ON THE INSTITUTE'S WEBSITE AT HTTP://WEB.MIT.EDU/POLICIES/. THE INSTITUTE CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE AND WORLDWIDE AND MAKES ITS RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS KNOWN TO ALL SEGMENTS OF THE GENERAL COMMUNITY IT SERVES BY INCLUDING A STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS IN ALL ITS BROCHURES AND CATALOGUES DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. THE INSTITUTE ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS. |
| Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT | MIT RECEIVES PELL, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY AND PERKINS LOANS. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (40 entries)
| RegionRegionTxt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt | EmployeeEmployeeCnt | OfficesOfficesCnt |
|---|---|---|---|---|---|
| East Asia and the Pacific | Program Services | Subrecipient Agreements | $7,025,112 | ||
| Europe (Including Iceland and Greenland) | Program Services | Subrecipient Agreements | $5,272,673 | ||
| Middle East and North Africa | Program Services | Subrecipient Agreements | $239,730 | ||
| North America (Canada & Mexico only) | Program Services | Subrecipient Agreements | $249,549 | ||
| South America | Program Services | Subrecipient Agreements | $367,513 | ||
| South Asia | Program Services | Subrecipient Agreements | $1,027,408 | ||
| Sub-Saharan Africa | Program Services | Subrecipient Agreements | $1,268,264 | ||
| Central America and the Caribbean | Grantmaking | $14,249 | |||
| East Asia and the Pacific | Grantmaking | $641,285 | |||
| Europe (Including Iceland and Greenland) | Grantmaking | $838,202 | |||
| Middle East and North Africa | Grantmaking | $238,208 | |||
| North America (Canada & Mexico only) | Grantmaking | $177,368 | |||
| Russia and Neighboring States | Grantmaking | $21,006 | |||
| South America | Grantmaking | $310,829 | |||
| South Asia | Grantmaking | $337,671 | |||
| Sub-Saharan Africa | Grantmaking | $122,676 | |||
| Central America and the Caribbean | Fundraising | $444 | 0 | ||
| East Asia and the Pacific | Fundraising | $1,095,554 | 0 | ||
| Europe (Including Iceland and Greenland) | Fundraising | $748,611 | 0 | ||
| Middle East and North Africa | Fundraising | $70,560 | 0 | ||
| North America (Canada & Mexico only) | Fundraising | $42,728 | 0 | ||
| South America | Fundraising | $81,523 | 0 | ||
| South Asia | Fundraising | $58,168 | 0 | ||
| Sub-Saharan Africa | Fundraising | $269 | 0 | ||
| Central America and the Caribbean | Program Services | Education/Research | $312,062 | 1 | |
| East Asia and the Pacific | Program Services | Education/Research | $15,640,895 | 102 | 1 |
| Europe (Including Iceland and Greenland) | Program Services | Education/Research | $13,262,894 | 112 | 1 |
| Middle East and North Africa | Program Services | Education/Research | $2,090,892 | 15 | |
| North America (Canada & Mexico only) | Program Services | Education/Research | $1,575,010 | 11 | |
| Russia and Neighboring States | Program Services | Education/Research | $313,835 | 0 | |
| South America | Program Services | Education/Research | $1,446,943 | 2 | 1 |
| South Asia | Program Services | Education/Research | $1,691,003 | 8 | |
| Sub-Saharan Africa | Program Services | Education/Research | $1,245,244 | 10 | |
| Central America and the Caribbean | Investments | $1,131,093,504 | |||
| East Asia and the Pacific | Investments | $373,095,030 | |||
| Europe (Including Iceland and Greenland) | Investments | $253,255,393 | |||
| North America (Canada & Mexico only) | Investments | $21,335,085 | |||
| South America | Investments | $24,291,005 | |||
| South Asia | Investments | $14,723,964 | |||
| Sub-Saharan Africa | Investments | $172,442,728 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continutation Total Office | 3 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 261 | ContinutationTotalEmployeeCnt |
| Total Office | 3 | TotalOfficeCnt |
| Total Employee | 261 | TotalEmployeeCnt |
| Subtotal Spent | $18,151,743 | SubtotalSpentAmt |
| Continuation Spent | $2,029,913,344 | ContinuationSpentAmt |
| Total Spent | $2,048,065,087 | TotalSpentAmt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (40 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt |
|---|---|---|---|---|
| Public Service Center Grants | East Asia and the Pacific | 7 | $29,777 | Check |
| Public Service Center Grants | Europe (Including Iceland and Greenland) | 8 | $38,948 | Check |
| Public Service Center Grants | Middle East and North Africa | 3 | $10,250 | Check |
| Public Service Center Grants | North America (Canada & Mexico only) | 6 | $23,275 | Check |
| Public Service Center Grants | Russia and Neighboring States | 1 | $1,500 | Check |
| Public Service Center Grants | South America | 3 | $15,300 | Check |
| Public Service Center Grants | South Asia | 12 | $38,967 | Check |
| Public Service Center Grants | Sub-Saharan Africa | 21 | $69,867 | Check |
| MISTI Stipend | East Asia and the Pacific | 144 | $471,080 | Check |
| MISTI Stipend | Europe (Including Iceland and Greenland) | 332 | $591,166 | Check |
| MISTI Stipend | Middle East and North Africa | 54 | $211,969 | Check |
| MISTI Stipend | North America (Canada & Mexico only) | 51 | $78,500 | Check |
| MISTI Stipend | Russia and Neighboring States | 7 | $15,024 | Check |
| MISTI Stipend | South America | 95 | $268,762 | Check |
| MISTI Stipend | South Asia | 82 | $249,526 | Check |
| MISTI Stipend | Sub-Saharan Africa | 23 | $3,100 | Check |
| Fellowships | East Asia and the Pacific | 21 | $57,842 | Check |
| Fellowships | Middle East and North Africa | 4 | $6,067 | Check |
| Fellowships | North America (Canada & Mexico only) | 11 | $23,600 | Check |
| Fellowships | South America | 3 | $8,744 | Check |
| Fellowships | South Asia | 6 | $15,000 | Check |
| Fellowships | Sub-Saharan Africa | 49 | $47,989 | Check |
| Fellowships | Europe (Including Iceland and Greenland) | 35 | $58,803 | Check |
| Fellowships | Central America and the Caribbean | 6 | $5,734 | Check |
| Prizes & Awards | East Asia and the Pacific | 48 | $78,489 | Check |
| Prizes & Awards | Middle East and North Africa | 9 | $9,021 | Check |
| Prizes & Awards | North America (Canada & Mexico only) | 30 | $41,329 | Check |
| Prizes & Awards | South America | 8 | $14,448 | Check |
| Prizes & Awards | South Asia | 30 | $31,348 | Check |
| Prizes & Awards | Sub-Saharan Africa | 5 | $1,719 | Check |
| Prizes & Awards | Europe (Including Iceland and Greenland) | 66 | $76,452 | Check |
| Prizes & Awards | Central America and the Caribbean | 5 | $2,514 | Check |
| Prizes & Awards | Russia and Neighboring States | 3 | $1,625 | Check |
| Honoraria | East Asia and the Pacific | 5 | $4,096 | Check |
| Honoraria | Middle East and North Africa | 1 | $900 | Check |
| Honoraria | North America (Canada & Mexico only) | 11 | $10,664 | Check |
| Honoraria | South America | 5 | $3,575 | Check |
| Honoraria | South Asia | 7 | $2,830 | Check |
| Honoraria | Russia and Neighboring States | 1 | $2,857 | Check |
| Honoraria | Europe (Including Iceland and Greenland) | 58 | $72,833 | Check |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | Yes (true) | TransferToForeignCorpInd |
| Interest In Foreign Trust | Yes (true) | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (true) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (true) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (true) | ForeignPartnershipInd |
| Boycott Countries | Yes (true) | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds | MIT PROVIDES SEVERAL TYPES OF GRANTS AND ASSISTANCE TO FOREIGN INDIVIDUALS. FOR PRIZES AND AWARDS, THE INDIVIDUAL MUST HAVE MET THE SPECIFIC CRITERIA FOR THE PARTICULAR PRIZE OR AWARD TO BE SELECTED. IN THE CASE OF FELLOWSHIPS, THE INDIVIDUAL IS REQUIRED TO UTILIZE THE FUNDS IN FURTHERANCE OF THEIR EDUCATION AT MIT. GRANTS ARE MADE IN THE CONTEXT OF ACADEMIC OR RESEARCH PROGRAMS: RECIPIENTS SPEND THEIR GRANT FUNDS UNDER THE SUPERVISION OF THE PROGRAM AND ARE ACCOUNTABLE THROUGH THE PROGRAM FOR THE USE OF THE FUNDS. |
| Schedule F, Part I, Line 3(a) LINE 3A | A SUBRECIPIENT AGREEMENT IS A RESEARCH SUBCONTRACT WHERE MIT ENGAGES A THIRD PARTY TO PERFORM EXPERIMENTAL, DEVELOPMENTAL, OR RESEARCH WORK GENERALLY IN CONNECTION WITH A SPONSORED RESEARCH AGREEMENT. |
| Schedule F, Part I, Line 2 PROCEDURES FOR MONITORING USE OF GRANT FUNDS | MIT PROVIDES SEVERAL TYPES OF GRANTS AND ASSISTANCE TO FOREIGN INDIVIDUALS. FOR PRIZES AND AWARDS, THE INDIVIDUAL MUST HAVE MET THE SPECIFIC CRITERIA FOR THE PARTICULAR PRIZE OR AWARD TO BE SELECTED. IN THE CASE OF FELLOWSHIPS, THE INDIVIDUAL IS REQUIRED TO UTILIZE THE FUNDS IN FURTHERANCE OF THEIR EDUCATION AT MIT. GRANTS ARE MADE IN THE CONTEXT OF ACADEMIC OR RESEARCH PROGRAMS: RECIPIENTS SPEND THEIR GRANT FUNDS UNDER THE SUPERVISION OF THE PROGRAM AND ARE ACCOUNTABLE THROUGH THE PROGRAM FOR THE USE OF THE FUNDS. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Solicitation Of Govt Grants | Yes (X) | SolicitationOfGovtGrantsInd |
| Special Fundraising Events | Yes (X) | SpecialFundraisingEventsInd |
| Agrmt Prof Fundraising Acty | Yes (true) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp (7 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | ActivityActivityTxt | Fundraiser Control Of FundsFundraiserControlOfFundsInd | Retained By ContractorRetainedByContractorAmt | Net To OrganizationNetToOrganizationAmt |
|---|---|---|---|---|---|---|---|---|
| Blue State Digital | ||||||||
| 101 AVENUE OF THE AMERICAS | 12th FLOOR | NEW YORK | NY | 10013 | FUNDRAISING CONSULTING | false | $252,565 | -$252,565 |
| Blackbaud Inc | ||||||||
| TARGET ANALYTICS | 2000 DANIEL ISLAND DRIVE | CHARLESTON | SC | 29492 | FUNDRAISING CONSULTING | false | $10,750 | -$10,750 |
| Moth Design | ||||||||
| 450 HARRISON AVE STE 225 | BOSTON | MA | 02218 | FUNDRAISING CONSULTING | false | $131,567 | -$131,567 | |
| Grenzebach Glier | ||||||||
| 401 NORTH MICHIGAN AVE | STE 2800 | CHICAGO | IL | 60611 | FUNDRAISING CONSULTING | false | $8,938 | -$8,938 |
| Mary C Finlay | ||||||||
| PO BOX 328 | YORK HARBOR | ME | 03911 | FUNDRAISING CONSULTING | false | $36,000 | -$36,000 | |
| Zuri Group | ||||||||
| 328 NW BOND ST | STE 204 | BEND | OR | 97703 | FUNDRAISING CONSULTING | false | $46,308 | -$46,308 |
| Equancy | ||||||||
| 130 WEST 17TH STREET | SUITE 6S | NEW YORK | NY | 10013 | FUNDRAISING CONSULTING | false | $85,210 | -$85,210 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | $0 | TotalGrossReceiptsAmt |
| Total Retained By Contractors | $571,338 | TotalRetainedByContractorsAmt |
| Total Net To Organization | -$571,338 | TotalNetToOrganizationAmt |
| Licensed States | MA | LicensedStatesCd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | MCDERMOTT GALA | Event1Nm |
| Gross Receipts Event1 | $259,000 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $259,000 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $0 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $2,000 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $89,000 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $29,000 | OtherDirectExpensesEvent1Amt |
| Gross Revenue Event2 | $0 | GrossRevenueEvent2Amt |
| Gross Revenue Other Events | $0 | GrossRevenueOtherEventsAmt |
| Gross Receipts Total | $259,000 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $259,000 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $0 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $2,000 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $89,000 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $29,000 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $120,000 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$120,000 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (31 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| HOUSE ASSOC OF THETA OMICRON OF ALPHA CHI OMEGA INC | |||||||
| 478 COMMONWEALTH AVE | BOSTON | MA | 02115 | 043244129 | 501(c)(7) | $13,032 | IRDF Grant |
| THE FRIENDS OF THE THE LAMBDA PHI CHAPTER OF ALPHA DELTA PHI FRATERNITY | |||||||
| 351 MASS AVE | CAMBRIDGE | MA | 02139 | 042607157 | 501(c)(7) | $16,058 | IRDF Grant |
| MUTAW CORPORATION | |||||||
| 155-165 BAY STATE ROAD | BOSTON | MA | 02115 | 046145647 | 501(c)(7) | $11,977 | IRDF Grant |
| ZETA PHI CHAPTER HOUSE CORP OF ALPHA PHI INTERNATIONAL FRATERNITY INC | |||||||
| 479 COMMONWEALTH AVE | BOSTON | MA | 02215 | 222768441 | 501(c)(7) | $72,792 | IRDF Grant |
| BETA UPSILON ASSOCIATION | |||||||
| 119 120 BAYSTATE ROAD | BOSTON | MA | 02215 | 042447180 | $19,302 | IRDF Grant | |
| THE BETA FOUNTDATION | |||||||
| 32 HEREFORD ST | BOSTON | MA | 02115 | 042116079 | 501(c)(7) | $16,298 | IRDF Grant |
| ASTADKE INC | |||||||
| 403 MEMORIAL DRIVE | CAMBRIDGE | MA | 02139 | 046066546 | 501(c)(2) | $7,791 | IRDF Grant |
| ST ANTHONY ASSOC OF BOSTON INC | |||||||
| 428 MEMORIAL DRIVE | CAMBRIDGE | MA | 02139 | 046111735 | 501(c)(2) | $10,651 | IRDF Grant |
| BETA NU HOUSE CORPORATION | |||||||
| 416 BEACON STREET | BOSTON | MA | 02115 | 237046612 | 501(c)(7) | $10,491 | IRDF Grant |
| TECHNOLOGY CHAPTER OF DELTA UPSILON | |||||||
| 526 BEACON ST | BOSTON | MA | 02115 | 205364197 | 501(c)(7) | $6,630 | IRDF Grant |
| EPSILON THETA CORPORATION | |||||||
| 259 SAINT PAUL STREET | BROOKLINE | MA | 02446 | 046170956 | 501(c)(7) | $10,769 | IRDF Grant |
| XI-SAM FENWAY HOUSE ALUMNI CORPORATION | |||||||
| 34 THE FENWAY | BOSTON | MA | 02215 | 911989766 | 501(c)(7) | $24,302 | IRDF Grant |
| MIT STUDENT HOUSE INC | |||||||
| 111 BAY STATE ROAD | BOSTON | MA | 02115 | 046130561 | 501(c)(3) | $23,346 | IRDF Grant |
| ALUMNI ASSOC OF NU DELTA CHAPTER OF PHI MU DELTA FRATERNITY | |||||||
| 460 BEACON STREET | BOSTON | MA | 02115 | 043071196 | 501(c)(7) | $12,920 | IRDF Grant |
| PHI BETA EPSILON | |||||||
| 400 MEMORIAL DR | CAMBRIDGE | MA | 02139 | 046014162 | 501(c)(8) | $8,912 | IRDF Grant |
| INCORPORATE ALUMNI OF PSI DELTA | |||||||
| 97 BAY STATE ROAD | BOSTON | MA | 02215 | 056016312 | 501(c)(7) | $11,986 | IRDF Grant |
| ALUMNI ASSOC OF ALPHA MU CHAPTER OF PHI KAPPA SIGMA FRATERNITY INC | |||||||
| 530 BEACON STREET | BOSTON | MA | 02215 | 043146095 | 501(c)(7) | $36,252 | IRDF Grant |
| MASS ETA OF PHI KAPPA THETA FRATERNITY ALUMNI CORPORATION | |||||||
| 229 COMMONWEALTH AVENUE | BOSTON | MA | 02116 | 046063508 | 501(c)(7) | $6,689 | IRDF Grant |
| 450 BEACON STREET INC | |||||||
| 450 BEACON ST | BOSTON | MA | 02115 | 042092861 | 501(c)(7) | $8,889 | IRDF Grant |
| HOUSECORP INC | |||||||
| 69 CHESTNUT STREET | CAMBRIDGE | MA | 02139 | 237091484 | 501(c)(7) | $10,086 | IRDF Grant |
| MASSACHUSETTS IOTA TAU ASSOCIATION | |||||||
| 165 BAY STATE ROAD | BOSTON | MA | 02215 | 043506094 | 501(c)(7) | $6,725 | IRDF Grant |
| THETA LAMBDA CHAPTER HOUSE CORPORATION OF SIGMA KAPPA SORORITY | |||||||
| 480 COMMONWEALTH AVE | BOSTON | MA | 02215 | 043374823 | 501(c)(7) | $13,352 | IRDF Grant |
| SNHC | |||||||
| 28 THE FENWAY | BOSTON | MA | 02215 | 680514586 | 501(c)(7) | $28,536 | IRDF Grant |
| ALUMNI ASSOC OF XI CHAPTER OF TAU EPSILON PHI INC | |||||||
| 253 COMMONWEALTH AVE | BOSTON | MA | 02216 | 000852599 | 501(c)(7) | $24,105 | IRDF Grant |
| BETA CHAPTER OF THETA CHI FRATERNITY | |||||||
| 528 BEACON ST | BOSTON | MA | 02215 | 042112594 | 501(c)(7) | $11,785 | IRDF Grant |
| THETA DEUTERON HOUSE CORP | |||||||
| 372 MEMORIAL DRIVE | CAMBRIDGE | MA | 02139 | 046115213 | 501(c)(7) | $18,401 | IRDF Grant |
| THETA XI HOUSING CORP OF MIT INC | |||||||
| 64 BAY STATE ROAD | BOSTON | MA | 02215 | 042129483 | 501(c)(7) | $7,444 | IRDF Grant |
| MIT WOMENS INDEPENDENT LIVING GROUP | |||||||
| 355 MASS AVE | CAMBRIDGE | MA | 02474 | 042642553 | 501(c)(4) | $6,914 | IRDF Grant |
| DOVER CLUB OF MIT INC | |||||||
| 58 MANCHESTER ROAD | BROOKLINE | MA | 02446 | 043158370 | 501(c)(7) | $28,232 | IRDF Grant |
| University of California Berkley | |||||||
| 2080 Addison St 4200 | Berkley | CA | 94720 | 946090626 | 501(c)(3) | $8,000 | Contribution |
| TEKUMA INC | |||||||
| 85 HANCOCK ST APT 5 | CAMBRIDGE | MA | 02139 | 475337564 | $15,000 | Prize/Award | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 2 | Total501c3OrgCnt |
| Total Other Org | 29 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (7 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc | Cash GrantCashGrantAmt |
|---|---|---|---|---|---|
| TUITION SUPPORT | 7495 | $371,346,000 | FMV | Applied to students' tuition obligation | |
| HONORARIA | 994 | $777,398 | |||
| PRIZES AND AWARDS | 1142 | $3,033,257 | |||
| PUBLIC SERVICE CENTER GRANTS | 92 | $114,378 | |||
| MIT STUDENT FELLOWSHIPS & STIPENDS | 1940 | $38,731,000 | |||
| NON-MIT STUDENT FELLOWSHIPS & STIPENDS | 474 | $13,962,921 | |||
| STUDENT WAGES | 8378 | $110,392,000 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. | FormAndLineReferenceDesc |
| Explanation | MIT PROVIDES SEVERAL TYPES OF GRANTS AND ASSISTANCE TO INDIVIDUALS AND ORGANIZATIONS. FOR PRIZES AND AWARDS, THE INDIVIDUAL OR ORGANIZATION MUST HAVE MET THE SPECIFIC CRITERIA TO BE SELECTED FOR THE PRIZE OR AWARD. IN THE CASE OF FELLOWSHIPS AND SCHOLARSHIPS, THE INDIVIDUAL IS REQUIRED TO UTILIZE THE FUNDS IN FURTHERANCE OF THEIR EDUCATION AT MIT. MIT MAKES GRANTS TO SEVERAL LOCAL CHAPTERS OF NATIONAL FRATERNITIES, SORORITIES AND INDEPENDENT LIVING GROUPS. THESE ORGANIZATIONS ARE COMPRISED OF MIT STUDENTS, AND HOUSE THESE STUDENTS. GRANTS ARE MADE TO SUPPORT THE OPERATIONAL COSTS OF THE EDUCATIONAL PURPOSES OF THE HOUSES (SO THAT THE HOUSES STAY CONSISTENT WITH MIT'S MISSION). IN ORDER FOR AN ORGANIZATION TO RECEIVE AN INDEPENDENT RESIDENCE DEVELOPMENT FUND (IRDF) GRANT, THEY MUST GO THROUGH A RIGOROUS APPLICATION PROCESS. MIT GENERALLY DOES NOT MAKE DISBURSEMENTS TO INDIVIDUALS OR ORGANIZATIONS FOR CHARITABLE PURPOSES, EXCEPT THROUGH THE MIT COMMUNITY SERVICE FUND. THIS FUND'S RESOURCES COME PRIMARILY FROM CONTRIBUTIONS FROM MEMBERS OF THE MIT COMMUNITY. MIT DISBURSES THESE FUNDS FOR CHARITABLE PURPOSES INCLUDING SMALL GRANTS, INSUBSTANTIAL IN THE AGGREGATE, TO LOCALLY BASED CHARITABLE ORGANIZATIONS FOR THE PURPOSE OF FOSTERING BETTER COMMUNITY RELATIONS. PROCEDURES OF THE INSTITUTE WITH RESPECT TO ADMISSIONS, SCHOLARSHIPS, FELLOWSHIPS, AND STUDENT LOANS ARE PUBLICIZED IN THE INSTITUTE BULLETIN WHICH CONSTITUTES ITS CATALOGUE. GRANTS ARE MADE IN THE CONTEXT OF ACADEMIC OR RESEARCH PROGRAMS: RECIPIENTS SPEND THEIR GRANT FUNDS UNDER THE SUPERVISION OF THE PROGRAM AND ARE ACCOUNTABLE THROUGH THE PROGRAM FOR THE USE OF THE FUNDS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (true) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (23 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| L Rafael Reif | ||||||||||||||
| President | $858,694 | $0 | $0 | $0 | $59,161 | $0 | $13,250 | $0 | $109,912 | $0 | $1,041,017 | $0 | $0 | $0 |
| Robert B Millard | ||||||||||||||
| Chairman of the Corporation | $315,548 | $0 | $0 | $0 | $0 | $0 | $2,747 | $0 | $26,712 | $0 | $345,007 | $0 | $0 | $0 |
| Israel Ruiz | ||||||||||||||
| Executive VP and Treasurer | $553,032 | $0 | $0 | $0 | $28,032 | $0 | $23,850 | $0 | $26,341 | $0 | $631,255 | $0 | $0 | $0 |
| Susan Hockfield | ||||||||||||||
| President Emerita & Professor | $685,378 | $0 | $0 | $0 | $31,111 | $0 | $50,350 | $0 | $29,857 | $0 | $796,696 | $0 | $0 | $0 |
| R Gregory Morgan | ||||||||||||||
| Senior VP and Secretary of the Corporation | $583,205 | $0 | $18,000 | $0 | $32,274 | $0 | $45,050 | $0 | $26,313 | $0 | $704,842 | $0 | $0 | $0 |
| Claude Canizares (Former Vice President) | ||||||||||||||
| Professor | $376,513 | $0 | $0 | $0 | $8,625 | $0 | $13,250 | $0 | $21,798 | $0 | $420,186 | $0 | $0 | $0 |
| Phillip Clay (Former Chancellor) | ||||||||||||||
| Professor | $317,140 | $0 | $0 | $0 | $5,669 | $0 | $13,250 | $0 | $20,526 | $0 | $356,585 | $0 | $0 | $0 |
| W Eric Grimson (Former Chancellor) | ||||||||||||||
| Chancellor for Academic Advancement | $360,544 | $0 | $0 | $0 | $8,628 | $0 | $13,250 | $0 | $28,276 | $0 | $410,698 | $0 | $0 | $0 |
| Chris Kaiser (Former Provost) | ||||||||||||||
| Professor | $388,793 | $0 | $0 | $0 | $57,326 | $0 | $39,750 | $0 | $21,112 | $0 | $506,981 | $0 | $0 | $0 |
| Cynthia Barnhart | ||||||||||||||
| Chancellor | $373,970 | $0 | $0 | $0 | $6,945 | $0 | $39,750 | $0 | $26,080 | $0 | $446,745 | $0 | $0 | $0 |
| Martin A Schmidt | ||||||||||||||
| Provost | $521,560 | $0 | $0 | $0 | $24,980 | $0 | $39,750 | $0 | $76,916 | $0 | $663,206 | $0 | $0 | $0 |
| Seth Alexander | ||||||||||||||
| President of MITIMCo | $619,417 | $0 | $1,100,504 | $0 | $34,000 | $0 | $23,850 | $0 | $28,056 | $0 | $1,805,827 | $0 | $0 | $0 |
| Kirk Kolenbrander | ||||||||||||||
| Vice President | $331,775 | $0 | $0 | $0 | $10,938 | $0 | $34,450 | $0 | $31,948 | $0 | $409,111 | $0 | $0 | $0 |
| Mark DiVincenzo | ||||||||||||||
| VP and General Counsel | $359,371 | $0 | $0 | $0 | $2,410 | $0 | $34,450 | $0 | $28,085 | $0 | $424,316 | $0 | $0 | $0 |
| Eric Evans | ||||||||||||||
| Director of Lincoln Laboratory | $457,648 | $0 | $0 | $0 | $19,000 | $0 | $34,450 | $0 | $28,725 | $0 | $539,823 | $0 | $0 | $0 |
| Maria Zuber | ||||||||||||||
| VP for Research | $368,344 | $0 | $0 | $0 | $10,298 | $0 | $39,750 | $0 | $21,684 | $0 | $440,076 | $0 | $0 | $0 |
| Julie Lucas | ||||||||||||||
| VP for Resource Development | $433,609 | $0 | $45,000 | $0 | $38,712 | $0 | $16,018 | $0 | $10,223 | $0 | $543,562 | $0 | $0 | $0 |
| Sanjay Sarma | ||||||||||||||
| VP for Open Learning | $273,352 | $0 | $0 | $0 | $75,300 | $0 | $29,150 | $0 | $29,929 | $0 | $407,731 | $0 | $0 | $0 |
| Steven Marsh | ||||||||||||||
| Managing Director - MITIMCo | $514,214 | $0 | $800,972 | $0 | $24,000 | $0 | $39,750 | $0 | $28,260 | $0 | $1,407,196 | $0 | $0 | $0 |
| Ivan Werning | ||||||||||||||
| Professor - Economics | $607,065 | $0 | $0 | $0 | $261,870 | $0 | $23,850 | $0 | $4,295 | $0 | $897,080 | $0 | $0 | $0 |
| Thomas Wieand | ||||||||||||||
| Global Investment Professional - MITIMCo | $365,944 | $0 | $473,729 | $0 | $9,000 | $0 | $23,850 | $0 | $26,529 | $0 | $899,052 | $0 | $0 | $0 |
| Daron Acemoglu | ||||||||||||||
| Professor - Economics | $779,737 | $0 | $0 | $0 | $50,000 | $0 | $29,150 | $0 | $28,016 | $0 | $886,903 | $0 | $0 | $0 |
| Steven Eppinger | ||||||||||||||
| Professor - Sloan | $331,403 | $0 | $0 | $0 | $451,533 | $0 | $34,450 | $0 | $29,509 | $0 | $846,895 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule J, Part II, Column (B)(iii) ROW 23 | SCHEDULE J, PART II, COLUMN B(III) - THE MIT SLOAN SCHOOL OF MANAGEMENT OFFERS A BROAD RANGE OF EXECUTIVE EDUCATION AND PROFESSIONAL DEVELOPMENT PROGRAMS DEVELOPED AND LED BY ITS FACULTY AND FOLLOWS MIT'S WRITTEN SUPPLEMENTAL COMPENSATION GUIDELINES FOR FACULTY WHO PARTICIPATE IN THESE PROGRAMS. |
| Schedule J, Part II, Column (C) | SCHEDULE J, PART II, COLUMN (C) DOES NOT INCLUDE $259,875 OF INCENTIVE COMPENSATION FOR MR. ALEXANDER, $187,500 OF INCENTIVE COMPENSATION FOR MR. MARSH, AND $118,750 OF INCENTIVE COMPENSATION FOR MR. WIEAND AWARDED IN JANUARY 2015. THESE AMOUNTS CAN INCREASE OR DECREASE DEPENDING ON THE PERFORMANCE OF THE ENDOWMENT AND ARE CONTINGENT ON CONTINUED EMPLOYMENT BY MIT. |
| Schedule J, Part II FORM 990, PART VII | THE INDIVIDUALS DISCLOSED IN PART VII OF FORM 990 OFTEN DEVOTE MORE HOURS TO THEIR POSITION THAN THE NUMBER OF HOURS LISTED, WHICH REPRESENT ESTIMATES OF AVERAGE HOURS. INDIVIDUALS WHO ARE ALSO ON THE BOARDS OF MIT'S SUBSIDIARIES AND RELATED ORGANIZATIONS WORK AN ADDITIONAL ESTIMATE OF 1 TO 3 HOURS PER WEEK AS LISTED IN COLUMN (B) OF FORM 990, PART VII. |
| Schedule J, Part I, Line 1a First-class or charter travel | SCHEDULE J, PART I, LINES 1A AND B MIT FOLLOWS A WRITTEN POLICY OR WRITTEN EMPLOYMENT AGREEMENT WITH RESPECT TO THE PAYMENT OR REIMBURSEMENT OF ALL OF THE EXPENSES SPECIFIED IN PART I, LINE 1A THAT MIT PAYS OR REIMBURSES. MIT ALLOWS BUSINESS/FIRST CLASS TRAVEL AND COMPANION TRAVEL PURSUANT TO GUIDELINES INCLUDED IN A WRITTEN TRAVEL POLICY. ALL MIT EMPLOYEES, INCLUDING OFFICERS, TRUSTEES, KEY EMPLOYEES AND HIGHLY COMPENSATED INDIVIDUALS, ARE SUBJECT TO THE SAME WRITTEN TRAVEL POLICY. |
| Schedule J, Part I, Line 1a Travel for companions | COMPANION TRAVEL IS ONLY REIMBURSED BY MIT IF THERE IS A BONA FIDE BUSINESS PURPOSE FOR THE COMPANION TO TRAVEL,CONSISTENT WITH MIT'S WRITTEN POLICY. DOCUMENTATION OF THE COMPANION'S BUSINESS PURPOSE IS REQUIRED. |
| Schedule J, Part I, Line 1a Tax indemnification and gross-up payments | ONE OF THE INDIVIDUALS DISCLOSED IN SCHEDULE J RECEIVES LIMITED TAX INDEMNIFICATION AND GROSS UP PAYMENTS. ALL TAX INDEMNIFICATION AND GROSS UP PAYMENTS ARE PURSUANT TO A WRITTEN EMPLOYMENT AGREEMENT. |
| Schedule J, Part I, Line 1a Housing allowance or residence for personal use | THE MIT PRESIDENT IS REQUIRED TO LIVE IN AN MIT OWNED CAMPUS RESIDENCE AS A CONDITION OF EMPLOYMENT AND AS A CONVENIENCE TO MIT. IRS RULES REQUIRE MIT TO ESTIMATE A VALUE FOR SUCH USE AND TO INCLUDE THE VALUE IN THE PRESIDENT'S TOTAL COMPENSATION AS A "NONTAXABLE BENEFIT" (SCHEDULE J, PART II, COLUMN (D)). AS CALCULATED PURSUANT TO IRS RULES, THE ESTIMATED VALUE IS $88,800 FOR PRESIDENT REIF IN CALENDAR YEAR 2015. MIT PAYS FOR HOUSEKEEPING OF THE PUBLIC AREAS OF THE HOUSE AND MIT INCLUDES IN THE PRESIDENT'S TAXABLE INCOME AN AMOUNT OF EXPENSES RELATING TO HOUSEKEEPING SERVICES FOR THE PORTION OF THE MIT OWNED RESIDENCE USED BY THE PRESIDENT'S FAMILY AS THEIR PRIVATE RESIDENCE. |
| Schedule J, Part I, Line 1a Personal services | AS DESCRIBED UNDER THE HOUSING EXPLANATION, MIT PAYS FOR HOUSEKEEPING OF THE PUBLIC AREAS OF THE HOUSE AND MIT INCLUDES IN THE PRESIDENT'S TAXABLE INCOME AN AMOUNT OF EXPENSES RELATED TO HOUSEKEEPING SERVICES FOR THE PORTION OF THE MIT OWNED RESIDENCE USED BY THE PRESIDENT'S FAMILY AS THEIR PRIVATE RESIDENCE. |
| Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan | IN CALENDAR YEAR 2012 FORMER PRESIDENT HOCKFIELD VESTED IN A NONQUALIFIED DEFERRED ANNUITY ARRANGEMENT, WITH RESPECT TO WHICH (I) NO CONTRIBUTIONS WERE MADE IN CALENDAR YEAR 2015, AND (II) SHE DID NOT BEGIN TO RECEIVE PAYMENTS UNTIL 2016. |
| Schedule J, Part I, Line 7 Non-fixed payments | THE MIT INVESTMENT MANAGEMENT COMPANY PAYS CERTAIN EMPLOYEES NON-FIXED AMOUNTS PURSUANT TO AN INCENTIVE COMPENSATION PROGRAM THAT BASES COMPENSATION PAYMENTS ON A NUMBER OF FACTORS. THE PRIMARY BASIS FOR INCENTIVE COMPENSATION PAYMENTS IS THE PERFORMANCE OF MIT'S ENDOWMENT RELATIVE TO PEER AND MARKET BENCHMARKS. THIS IS A COMMON PRACTICE IN HIGHER ED ENDOWMENT MANAGEMENT. FROM TIME TO TIME, MIT MAY OFFER OTHER EMPLOYEES BONUS PAYMENTS FOR OUTSTANDING PERFORMANCE. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| MASSACHUSETTS HEALTH & EDUCATIONAL FAC | ||||||||
| A | 042456011 | 57585K3G1 | 2003-05-07 | $204,790,814 | CONSTRUCTION/RENOVATION/REFUNDING | false | false | false |
| MASSACHUSETTS HEALTH & EDUCATIONAL FAC | ||||||||
| B | 042456011 | 57586CBP9 | 2004-04-02 | $150,854,243 | CONSTRUCTION AND RENOVATION | false | false | false |
| MASSACHUSETTS HEALTH & EDUCATIONAL FAC | ||||||||
| C | 042456011 | 57586ECM1 | 2009-01-08 | $274,996,289 | CONSTRUCTION AND RENOVATION | Yes (true) | false | false |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Bond DefeasedBondDefeasedAmt | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Capitalized InterestCapitalizedInterestAmt | Refunding EscrowRefundingEscrowAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Credit EnhancementCreditEnhancementAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Capital ExpendituresCapitalExpendituresAmt | UnspentUnspentAmt | Substantial CompletionSubstantialCompletionYr | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $43,190,000 | $0 | $205,361,234 | $0 | $0 | $0 | $1,040,170 | $0 | $0 | $204,321,064 | $0 | 2005 | Yes (true) | false | Yes (true) | Yes (true) |
| B | $18,695,000 | $0 | $151,599,210 | $0 | $0 | $0 | $854,243 | $0 | $0 | $150,744,967 | $0 | 2005 | false | false | Yes (true) | Yes (true) |
| C | $0 | $178,460,000 | $276,649,117 | $0 | $0 | $0 | $1,558,146 | $0 | $0 | $275,090,971 | $0 | 2010 | false | false | Yes (true) | Yes (true) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Engage Bond Counsel ResearchEngageBondCounselResearchInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | false | false | Yes (true) | false | Yes (true) | false | 0.009 | 0.009 | false | false | Yes (true) |
| B | false | false | Yes (true) | false | Yes (true) | false | 0.0094 | 0.0094 | false | false | Yes (true) |
| C | false | false | Yes (true) | false | Yes (true) | false | 0.0219 | 0.0219 | false | false | Yes (true) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Exception To RebateExceptionToRebateInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|
| A | false | Yes (true) | false | false | false | false | Yes (true) |
| B | false | Yes (true) | false | false | false | false | Yes (true) |
| C | false | Yes (true) | false | false | false | false | Yes (true) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (true) |
| B | Yes (true) |
| C | Yes (true) |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule K, Part III Lines 3B & 3D | MIT ROUTINELY REVIEWS RESEARCH AGREEMENTS RELATING TO ITS BOND-FINANCED PROPERTY FOR PRIVATE BUSINESS USE, USING EITHER IN-HOUSE COUNSEL, OUTSIDE COUNSEL, OR PROFESSIONAL CONTRACT REVIEWERS WHO HAVE EXTENSIVE EXPERIENCE WITH RESPECT TO THE PRIVATE BUSINESS USE RULES AND THE SAFE HARBORS SET FORTH IN REV. PROC. 2007-47 AND REV. PROC. 97-13. |
| Schedule K, Part II LINE 3 | TOTAL PROCEEDS ARE NOT IDENTICAL TO THE ISSUE PRICE LISTED IN PART I COLUMN (E) DUE TO INVESTMENT EARNINGS. |
| Schedule K, Part III Line 4 | PRIVATE BUSINESS USE ADDITIONAL INFORMATION SINCE THE IRS FIRST ISSUED ITS UNDERLYING REVENUE PROCEDURES 1997-13 AND 1997-14, IT HAS BEEN MIT'S POLICY TO ENSURE THAT ITS MANAGEMENT CONTRACTS FALL WITHIN REVENUE PROCEDURE 97-13'S SAFE HARBOR, AND THAT ITS PRIVATE SPONSORED RESEARCH CONTRACTS FALL WITHIN THE REVENUE PROCEDURE 2007-47'S SAFE HARBOR (TOGETHER, THESE TWO TYPES OF CONTRACTS ARE REFERRED TO IN THIS FORM 990 AS "OUTSIDE CONTRACTS"). THIS POLICY ENSURES THAT IN THE UNLIKELY EVENT THAT PRIVATE BUSINESS USE MIGHT ARISE THAT SUCH USE WILL BE MAINTAINED AT A LEVEL THAT IS BELOW THE 5% SAFE HARBOR OF EACH BOND ISSUE. MIT REGULARLY REVIEWS ITS PROCEDURES IN ORDER TO ENSURE COMPLIANCE WITH ITS PRIVATE BUSINESS USE POLICY. |
| Schedule K, Part I, Column (a) Line A | DETAILS OF REFUNDED BOND ISSUES: HEFA SERIES L BOND (ISSUED MAY 7, 2003) WAS USED FOR CONSTRUCTION AND RENOVATIONS AND TO REFUND HEFA SERIES H BOND ISSUED ON APRIL 6, 1993. HEFA SERIES H BOND WAS USED FOR CONSTRUCTION TO REFUND HEFA SERIES D BOND ISSUED MAY 14, 1980. |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SUSAN HOCKFIELD | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship With Org | PRESIDENT EMERITA & PROFESSOR | RelationshipWithOrgTxt |
| Loan Purpose | MORTGAGE | LoanPurposeTxt |
| Loan From Organization | Yes (X) | LoanFromOrganizationInd |
| Original Principal | $500,000 | OriginalPrincipalAmt |
| Balance Due | $500,000 | BalanceDueAmt |
| Default | false | DefaultInd |
| Board Or Committee Approval | Yes (true) | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (true) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $500,000 | TotalBalanceDueAmt |
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHILDREN'S SCHOLARSHIP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship With Org | CHILDREN OF QUALIFIED FACULTY | RelationshipWithOrgTxt |
| Cash Grant | $74,600 | CashGrantAmt |
| Type Of Assistance | SCHOLARSHIP | TypeOfAssistanceTxt |
| Assistance Purpose | SCHOLARSHIP | AssistancePurposeTxt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEE PART V | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | SEE PART V | RelationshipDescriptionTxt |
| Transaction | SEE PART V | TransactionDesc |
| Sharing Of Revenues | false | SharingOfRevenuesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule L, Part III LINE 1 - CHILDREN'S SCHOLARSHIPS | ALTHOUGH THERE MAY BE RECIPIENTS WHO ARE RELATED TO PERSONS HAVING AN INTEREST IN THE INSTITUTE, SUCH RECIPIENTS ARE SELECTED ON THE BASIS OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED, AND OTHER SIMILAR STANDARDS. |
| Schedule L, Part IV PART IV | MS. PAMELA EVANS IS A RESEARCH GROUP LEADER AT MIT LINCOLN LABORATORY. MS. EVANS IS A FAMILY MEMBER OF AN MIT KEY EMPLOYEE. IN FY 2016, SHE RECEIVED COMPENSATION AND BENEFITS IN THE AMOUNT OF $259,163. |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 23 | ContributionCnt |
| Noncash Contributions Rpt F990 | $0 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | NONE | MethodOfDeterminingRevenuesTxt |
Books And Publications BooksAndPublicationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Method Of Determining Revenues | NONE | MethodOfDeterminingRevenuesTxt |
Clothing And Household Goods ClothingAndHouseholdGoodsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Method Of Determining Revenues | NONE | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 697 | ContributionCnt |
| Noncash Contributions Rpt F990 | $35,409,302 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Market value | MethodOfDeterminingRevenuesTxt |
Securities Closely Held Stock SecuritiesCloselyHeldStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 3 | ContributionCnt |
| Noncash Contributions Rpt F990 | $3 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Market value | MethodOfDeterminingRevenuesTxt |
Secur Prtnrshp Trust Intrsts SecurPrtnrshpTrustIntrstsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $4,500 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Market value | MethodOfDeterminingRevenuesTxt |
Securities Miscellaneous SecuritiesMiscellaneousGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 21 | ContributionCnt |
| Noncash Contributions Rpt F990 | $6,196,778 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Market value | MethodOfDeterminingRevenuesTxt |
Scientific Specimens ScientificSpecimensGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 2 | ContributionCnt |
| Noncash Contributions Rpt F990 | $0 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | NONE | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (3 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | EQUIPMENT | 11 | $430,708 | Market value |
| Yes (X) | ARCHIVAL RECORDS | 22 | $0 | NONE |
| Yes (X) | OTHER | 6 | NONE |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 6 | Form8283ReceivedCnt |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (true) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (true) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule M, Part I LINE 33 | MIT RECORDS ITEMS OF COLLECTIONS AS A GIFT AT NOMINAL VALUE. THEY ARE RECEIVED FOR EDUCATIONAL PURPOSES AND GENERALLY DISPLAYED THROUGHOUT MIT.THEY ARE NOT DISPOSED OF FOR FINANCIAL GAIN OR OTHERWISE ENCUMBERED IN ANY MANNER. |
| Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions | MIT REAL ESTATE FOUNDATION, INC.'S PRIMARY PURPOSE IS TO HOLD AND SELL GIFTS OF REAL ESTATE AND PROPERTY FOR THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY. |
| Schedule M, Part I Explanations of reporting method for number of contributions | Art - Works of art - : NUMBER OF CONTRIBUTIONS Securities - Publicly traded - : NUMBER OF ITEMS Securities - Closely held stock - : NUMBER OF ITEMS Securities - Partnership, LLC, or trust interests - : NUMBER OF ITEMS Securities - Miscellaneous - : NUMBER OF ITEMS Scientific specimens - : NUMBER OF CONTRIBUTIONS Other - EQUIPMENT: NUMBER OF CONTRIBUTIONS Other - ARCHIVAL RECORDS: NUMBER OF CONTRIBUTIONS Other - OTHER: NUMBER OF CONTRIBUTIONS |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part III, Line 4d Description of other program services | (Expenses $ 159,185,000 including grants of $ 3,203,000)(Revenue $ 233,917,000) THIS ITEM CONSISTS OF OTHER EXPENDITURES (INCLUDING GRANTS) INCURRED, AND REVENUES GENERATED IN CONNECTION WITH MIT'S OTHER PROGRAM SERVICES RELATED TO VARIOUS ACTIVITIES IN FURTHERANCE OF AND IN SUPPORT OF MIT'S EXEMPT MISSION WHICH INCLUDED BUT WERE NOT LIMITED TO SUCH THINGS AS FEES AND SERVICES (FOR EXAMPLE, MEDICAL DEPARTMENT, TECHNOLOGY LICENSING OFFICE), AUXILIARY ENTERPRISES (FOR EXAMPLE, HOUSING, DINING), AND OTHER MISCELLANEOUS PROGRAM SERVICE REVENUE. |
| Form 990, Part VI, Line 1a | THE MIT BYLAWS VEST IN THE EXECUTIVE COMMITTEE OF THE MIT CORPORATION THE RESPONSIBILITY FOR OVERSEEING THE GENERAL ADMINISTRATION AND SUPERINTENDENCE OF ALL MATTERS RELATING TO MIT, INCLUDING ITS EDUCATIONAL AND RESEARCH PROGRAMS, ADMINISTRATION PERFORMANCE, FINANCIAL AFFAIRS, ENDOWMENT, REAL PROPERTY, POLICIES, SYSTEMS, CONTROLS, SPECIAL CONTRACT SERVICES, AND FACULTY TENURE DECISION APPROVAL. THE EXECUTIVE COMMITTEE CONSISTS OF 13 MEMBERS AND MEETS 10 TIMES EACH YEAR. THE MIT CORPORATION IS A BODY CURRENTLY COMPRISED OF 78 INDIVIDUALS (REFERRED TO AS MEMBERS OF THE CORPORATION), INCLUDING DISTINGUISHED LEADERS IN SCIENCE, ENGINEERING, INDUSTRY, EDUCATION AND PUBLIC SERVICE. CONSISTENT WITH THE MIT BYLAWS, THE CORPORATION MEMBERS ACT AS STEWARDS OF THE PUBLIC TRUST TO PRESERVE MIT'S MISSION. THE CORPORATION MEETS 4 TIMES EACH YEAR. RECOGNIZING THE SPECIFIC OVERSIGHT RESPONSIBILITY OF THE EXECUTIVE COMMITTEE FOR MIT'S OPERATIONS, MIT TREATS THE EXECUTIVE COMMITTEE AS MIT'S GOVERNING BODY FOR PURPOSES OF RESPONDING TO THE FORM 990. |
| Form 990, Part VI, Line 2 | SETH ALEXANDER AND R. GREGORY MORGAN ARE MEMBERS OF THE INVESTMENT COMMITTEE AND UNDERWRITING COMMITTEE, RESPECTIVELY, OF CRICO. |
| Form 990, Part VI, Line 7a Members or stockholders electing members of governing body | THE MIT CORPORATION ELECTS THE NON EX-OFFICIO MEMBERS OF MIT'S GOVERNING BODY (THE EXECUTIVE COMMITTEE OF THE CORPORATION). EX-OFFICIO MEMBERS OF THE EXECUTIVE COMMITTEE ARE THE CHAIR OF THE CORPORATION, THE PRESIDENT, THE EXECUTIVE VICE-PRESIDENT AND TREASURER, AND THE CHAIR OF THE INVESTMENT MANAGEMENT COMPANY BOARD OF DIRECTORS. |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | MIT'S OFFICERS RESPONSIBLE FOR MIT'S TAX MATTERS PREPARE MIT'S FORM 990 WITH EXTENSIVE ASSISTANCE FROM MIT'S ACADEMIC AND ADMINISTRATIVE UNITS. SENIOR MIT OFFICERS THEN REVIEW THE FORM 990. FOLLOWING THAT REVIEW AND BEFORE THE FORM 990 IS FILED, MIT'S RISK AND AUDIT COMMITTEE AND EXECUTIVE COMMITTEE (MIT'S GOVERNING BODY) ARE PROVIDED WITH THE FORM AND RELATED SCHEDULES FOR THEIR REVIEW AND COMMENT. |
| Form 990, Part VI, Line 12c Conflict of interest policy | MONITORING AND ENFORCING COMPLIANCE WITH CONFLICT OF INTEREST POLICIES DISCLOSURE: MIT HAS TWO PRIMARY CONFLICT OF INTEREST POLICIES - THE POLICY CONCERNING AVOIDANCE OF CONFLICTS OF INTEREST WHICH COVERS ALL INDIVIDUALS SERVING ON THE MIT EXECUTIVE COMMITTEE (MIT'S GOVERNING BODY) AND CORPORATION, AND THE SECTION OF MIT'S POLICIES AND PROCEDURES TITLED CONFLICT OF INTEREST, WHICH IS GENERALLY APPLICABLE TO MEMBERS OF THE MIT COMMUNITY. ANNUAL DISCLOSURE BOTH POLICIES REQUIRE THAT COVERED INDIVIDUALS ANNUALLY ACKNOWLEDGE IN WRITING THAT THEY ARE AWARE OF THE POLICY AND IDENTIFY ANY RELATIONSHIPS OR RESPONSIBILITIES THAT HAVE THE POTENTIAL OF PRODUCING CONFLICTS OF INTEREST. EACH YEAR, DISCLOSURE FORMS ARE DISTRIBUTED TO THOSE COVERED BY THESE POLICIES. IF A RESPONSE REVEALS A CONFLICT OR POTENTIAL CONFLICT, SUCH CONFLICT IS REFERRED TO THE APPROPRIATE INDIVIDUAL OR BODY FOR CONSIDERATION AND MANAGEMENT. AD HOC DISCLOSURE IN ADDITION TO THE ANNUAL DISCLOSURE PROCESS, POTENTIAL CONFLICTS OF INTEREST OF INDIVIDUALS SERVING ON THE MIT EXECUTIVE COMMITTEE, ON THE CORPORATION OR AS OFFICERS ARE RAISED, CONSIDERED AND ADDRESSED ON AN AD HOC BASIS. UNDER THE POLICY CONCERNING AVOIDANCE OF CONFLICTS OF INTEREST, IF A MATTER COMES BEFORE THE CORPORATION OR EXECUTIVE COMMITTEE THAT INVOLVES A PERSONAL OR BUSINESS OR OTHER FINANCIAL INTEREST OF A MEMBER OR OFFICER OF THE CORPORATION OR A MEMBER OF HIS OR HER IMMEDIATE FAMILY, THE INDIVIDUAL IS REQUIRED TO DISCLOSE THE INTEREST, REFRAIN FROM PARTICIPATING IN THE DISCUSSION OF THE MATTER, EXCEPT AS NECESSARY TO ANSWER QUESTIONS ASKED BY THE OTHER CORPORATION OR EXECUTIVE COMMITTEE MEMBERS, AND REFRAIN FROM VOTING AND BEING PRESENT WHEN THE VOTE WAS TAKEN. IF THE MATTER INVOLVES ONGOING DECISION MAKING OR INVOLVEMENT, THE CORPORATION OR EXECUTIVE COMMITTEE CONTINUES TO MONITOR AND MANAGE THE CONFLICT. WITH RESPECT TO OFFICERS, MIT RELIES UPON A COMBINATION OF THE ANNUAL DISCLOSURES, THE OFFICERS' OBLIGATIONS TO DEVOTE THEIR FULL TIME AND EFFORT TO THE INSTITUTE, THE OFFICERS' FIDUCIARY OBLIGATION TO THE INSTITUTE AND THE OFFICERS' JUDGMENT TO ENSURE THAT CONFLICTS ARE IDENTIFIED. IF A CONFLICT IS IDENTIFIED, THE CONFLICT IS EITHER ELIMINATED OR MANAGED. |
| Form 990, Part VI, Line 15a Process to establish compensation of top management official | THE SALARY SUBCOMMITTEE, A SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE OF THE MIT CORPORATION, REVIEWS DATA REGARDING PAY COMPARISONS OF OTHER PEER INSTITUTIONS. THE DATA ARE COLLECTED AND PRESENTED TO MIT BY WILLIS TOWERS WATSON AND ANALYZED BY THE COMPENSATION DEPARTMENT OF MIT'S HUMAN RESOURCES DEPARTMENT AND MIT'S VICE PRESIDENT FOR HUMAN RESOURCES. RECOMMENDATIONS FOR SALARY INCREASES ARE PRESENTED TO THE SALARY SUBCOMMITTEE BASED ON PERFORMANCE FEEDBACK COLLECTED. THE DATA AND PERFORMANCE FEEDBACK ARE DISCUSSED AND A FINAL RECOMMENDATION IS APPROVED. NOTIFICATION IS MADE TO THE COMPENSATION DEPARTMENT AND FORMS ARE CREATED TO BE SIGNED BY ONE MEMBER OF THE SALARY SUBCOMMITTEE. |
| Form 990, Part VI, Line 15b Process to establish compensation of other employees | THE SALARY SUBCOMMITTEE, A SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE OF THE MIT CORPORATION, REVIEWS DATA REGARDING PAY COMPARISONS OF OTHER PEER INSTITUTIONS. THE DATA ARE COLLECTED AND PRESENTED TO MIT BY WILLIS TOWERS WATSON AND ANALYZED BY THE COMPENSATION DEPARTMENT OF MIT'S HUMAN RESOURCES DEPARTMENT AND MIT'S VICE PRESIDENT FOR HUMAN RESOURCES. RECOMMENDATIONS FOR SALARY INCREASES ARE PRESENTED TO THE SALARY SUBCOMMITTEE BASED ON PERFORMANCE FEEDBACK COLLECTED. THE DATA AND PERFORMANCE FEEDBACK ARE DISCUSSED AND A FINAL RECOMMENDATION IS APPROVED. NOTIFICATION IS MADE TO THE COMPENSATION DEPARTMENT AND FORMS ARE CREATED TO BE SIGNED BY ONE MEMBER OF THE SALARY SUBCOMMITTEE. |
| Form 990, Part VI, Line 19 Required documents available to the public | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE ON MIT'S WEBSITE HTTP://WEB.MIT.EDU. |
| Form 990, Part XI, Line 9 Other changes in net assets or fund balances | NET CHANGE IN LIFE INCOME FUNDS - -11918000; POSTRETIREMENT PLAN CHANGES OTHER THAN NET PERIODIC BENEFIT COSTS - -XXX-XX-XXXX; OTHER - -1000; |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (75 entries)
| Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | CountryForeignAddress/CountryCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Legal Domicile StateLegalDomicileStateCd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MIT Foundation (UK) Limited | ||||||||||||||
| 19 Norcott Road | London | UK | 981192046 | MIT Support | UK | $430,898 | $17,856 | Massachusetts Institute of Technology | ||||||
| MIT Private Equity LLC | ||||||||||||||
| 043490003 | Investments | $8,920 | $40,696 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | DE | ||||
| MIT Private Equity Management Company LLC | ||||||||||||||
| 043490002 | Investments | $40,571 | $157,219 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | DE | ||||
| MIT Private Equity Management Company II LLC | ||||||||||||||
| 431964717 | Investments | $33,029 | $86,769 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | DE | ||||
| MIT Private Equity Management Company III LLC | ||||||||||||||
| 204639870 | Investments | $399,177 | $912,915 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | DE | ||||
| MIT Private Equity Management Company IV LLC | ||||||||||||||
| 261356780 | Investments | $130,421 | $290,299 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | DE | ||||
| Blue Jay Associates LLC | ||||||||||||||
| 042103594 | Investments | $0 | $0 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | DE | ||||
| Meadowlark Associates LLC | ||||||||||||||
| 042103594 | Investments | -$5,561,650 | $137,893,232 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | DE | ||||
| 12 Emily Street Leasehold LLC | ||||||||||||||
| 464257627 | Real Estate | -$133,715 | $9,100,000 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| 134 Massachusetts Avenue Fee Owner LLC | ||||||||||||||
| 464682035 | Real Estate | $120 | $2,429 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| 134 Massachusetts Avenue Leasehold LLC | ||||||||||||||
| 464695223 | Real Estate | -$1,594,440 | $0 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| 177 Massachusetts Avenue Leasehold LLC | ||||||||||||||
| 464279029 | Real Estate | $0 | $0 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| 281-295 Albany Street Leasehold LLC | ||||||||||||||
| 464298517 | Real Estate | $1,943,887 | $22,000,000 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| 424-456 Massachusetts Avenue Leasehold LLC | ||||||||||||||
| 464509441 | Real Estate | $1,116,582 | $19,925,000 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| 610 Main Street North Leasehold LLC | ||||||||||||||
| 464624112 | Real Estate | $0 | $0 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| 610 Main Street South Leasehold LLC | ||||||||||||||
| 463904926 | Real Estate | $10,229,785 | $296,000,000 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| 610 Main Street South Trustee LLC | ||||||||||||||
| 042103594 | Real Estate | $0 | $0 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| 610-700 Main Garage Leasehold LLC | ||||||||||||||
| 463997167 | Real Estate | $0 | $0 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| 610-700 Main Garage Trustee LLC | ||||||||||||||
| 042103594 | Real Estate | $0 | $0 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| 620 Memorial Leasehold LLC | ||||||||||||||
| 464249493 | Real Estate | $3,198,728 | $71,600,000 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| 650 Main Street Leasehold LLC | ||||||||||||||
| 042103594 | Real Estate | $0 | $0 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| 700 Main Street Leasehold LLC | ||||||||||||||
| 463910601 | Real Estate | $7,489,908 | $159,000,000 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| 700 Main Street Trustee LLC | ||||||||||||||
| 042103594 | Real Estate | $0 | $0 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 12 Emily Street LLC | ||||||||||||||
| 464268263 | Real Estate | $10 | $201 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 128 Sidney Leasehold LLC | ||||||||||||||
| 464318943 | Real Estate | $2,137,721 | $26,500,000 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 128 Sidney SPE LLC | ||||||||||||||
| 464329881 | Real Estate | $120 | $2,365 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 130 Brookline Leasehold LLC | ||||||||||||||
| 811727616 | Real Estate | $2,699,995 | $45,600,000 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 130 Brookline LLC | ||||||||||||||
| 464339718 | Real Estate | $20 | $408 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 148 Sidney Leasehold LLC | ||||||||||||||
| 464350211 | Real Estate | $678,687 | $11,000,000 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 148 Sidney SPE LLC | ||||||||||||||
| 464400934 | Real Estate | $120 | $2,365 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 149 Sidney Leasehold LLC | ||||||||||||||
| 464419735 | Real Estate | $1,678,568 | $23,530,000 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 149 Sidney SPE LLC | ||||||||||||||
| 464439009 | Real Estate | $120 | $2,365 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 17 Tudor Leasehold LLC | ||||||||||||||
| 811419417 | Real Estate | $644,130 | $8,930,000 | Massachusetts Institute of Technology | 239 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 170171 Sidney LLC | ||||||||||||||
| 464653513 | Real Estate | $140,437 | $6,620,000 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 177 Massachusetts Avenue LLC | ||||||||||||||
| 464289160 | Real Estate | $0 | $0 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 181 Massachusetts Avenue Fee Owner LLC | ||||||||||||||
| 814347511 | Real Estate | $10 | $198 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 181 Massachusetts Avenue Leasehold LLC | ||||||||||||||
| 475534204 | Real Estate | $13,010,983 | $367,580,000 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 238 Main Street Leasehold LLC | ||||||||||||||
| 042103594 | Real Estate | $0 | $0 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 281-295 Albany Street LLC | ||||||||||||||
| 464307186 | Real Estate | $10 | $204 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 289 Massachusetts Avenue Fee Owner LLC | ||||||||||||||
| 811170989 | Real Estate | $10 | $203 | Massachusetts Institute of Technology | 239 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 289 Massachusetts Avenue Leasehold LLC | ||||||||||||||
| 812439067 | Real Estate | -$61,836 | $6,700,000 | Massachusetts Institute of Technology | 240 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 300 Third LLC | ||||||||||||||
| 464480264 | Real Estate | $894,556 | $30,570,000 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 326-336 Main Street Leasehold LLC | ||||||||||||||
| 042103594 | Real Estate | $0 | $0 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 351 Vassar LLC | ||||||||||||||
| 464168318 | Real Estate | $63,338 | $1,600,000 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 415 Main Street Fee Owner LLC | ||||||||||||||
| 811153762 | Real Estate | $10 | $204 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 415 Main Street Leasehold LLC | ||||||||||||||
| 811136944 | Real Estate | $2,554,633 | $127,000,000 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 424-456 Massachusetts Avenue LLC | ||||||||||||||
| 464493299 | Real Estate | $10 | $200 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 620 Memorial LLC | ||||||||||||||
| 464238931 | Real Estate | $10 | $202 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 636 Putnam Avenue LLC | ||||||||||||||
| 465619441 | Real Estate | -$40,449 | $1,340,000 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 640 Memorial Leasehold LLC | ||||||||||||||
| 461548002 | Real Estate | $0 | $0 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 640 Memorial SPE LLC | ||||||||||||||
| 464596884 | Real Estate | -$196,452 | $13,500,000 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 650 Main Street LLC | ||||||||||||||
| 464611506 | Real Estate | -$8,161 | $305,000,000 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 730 Main Street Fee Owner LLC | ||||||||||||||
| 814583846 | Real Estate | $0 | $0 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 730 Main Street Leasehold LLC | ||||||||||||||
| 814571861 | Real Estate | $0 | $0 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 750 Main Street Fee Owner LLC | ||||||||||||||
| 814562956 | Real Estate | $0 | $0 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 750 Main Street Leasehold LLC | ||||||||||||||
| 814544139 | Real Estate | $0 | $0 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 770790 Memorial LLC | ||||||||||||||
| 464667544 | Real Estate | $670,778 | $22,720,000 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 8 Carleton Street LLC | ||||||||||||||
| 464523741 | Real Estate | -$90,770 | $4,360,000 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 840 Main Street Fee Owner LLC | ||||||||||||||
| 474957426 | Real Estate | $10 | $203 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 840 Main Street Leasehold LLC | ||||||||||||||
| 812421079 | Real Estate | -$15,032 | $2,950,000 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 882 Main Street Fee Owner LLC | ||||||||||||||
| 812999684 | Real Estate | $10 | $204 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 882 Main Street Leasehold LLC | ||||||||||||||
| 812972818 | Real Estate | -$43,979 | $1,150,000 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT 99 Erie LLC | ||||||||||||||
| 464550283 | Real Estate | $148,601 | $4,885,000 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT Cambridge Real Estate LLC | ||||||||||||||
| 812653478 | Real Estate | $0 | $0 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT East 300 Block JV LLC | ||||||||||||||
| 042103594 | Real Estate | -$363 | $279,295 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT One Broadway Fee Owner LLC | ||||||||||||||
| 464562852 | Real Estate | $120 | $7,267,414 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT One Broadway LLC | ||||||||||||||
| 464581832 | Real Estate | $11,298,646 | $229,000,000 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT Real Estate LLC | ||||||||||||||
| 810643869 | Real Estate | $2,175,992 | $94,200,000 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT Site N LLC | ||||||||||||||
| 042103594 | Real Estate | $0 | $0 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT Site P LLC | ||||||||||||||
| 042103594 | Real Estate | $0 | $0 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT Site Q LLC | ||||||||||||||
| 042103594 | Real Estate | $0 | $0 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT Site S LLC | ||||||||||||||
| 474560662 | Real Estate | $0 | $0 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT West 300 Block JV LLC | ||||||||||||||
| 042103594 | Real Estate | -$6,500 | $50,200,000 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| MIT West 300 Block Mass Ave Fee Owner LLC | ||||||||||||||
| 464611506 | Real Estate | $483,232 | $17,760,000 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
| Tech Square JV LLC | ||||||||||||||
| 205242541 | Real Estate | $2,756,765 | $0 | Massachusetts Institute of Technology | 238 Main Street | c/o MIT | Cambridge | MA | 01242 | MA | ||||
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (11 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd | Public Charity StatusPublicCharityStatusTxt |
|---|---|---|---|---|---|---|---|---|---|---|
| Advanced Functional Fabrics of America (AFFOA) | ||||||||||
| 77 MASSACHUSETTS AVE BLDG 7-206 | CAMBRIDGE | MA | 02139 | 474830465 | RESEARCH | MA | 501(c)(3 | MIT | Yes (true) | |
| MIT International Inc | ||||||||||
| 77 MASSACHUSETTS AVE BLDG 7-206 | CAMBRIDGE | MA | 02139 | 812731492 | EDUCATION | MA | 501(c)(3 | MIT | Yes (true) | |
| MIT Enterprise Forum Inc | ||||||||||
| 77 MASSACHUSETTS AVE | CAMBRIDGE | MA | 02142 | 042921492 | EDUCATION | MA | 501(c)(3 | TECHNOLOGY REVIEW | Yes (true) | 9 |
| MGHPCC Holyoke Inc | ||||||||||
| 100 BIGELOW STREET | HOLYOKE | MA | 01041 | 452257442 | RESEARCH | MA | 501(c)(3 | NA | false | |
| Technology Broadcasting Corporation Inc (WMBR) | ||||||||||
| 3 AMES STREET | CAMBRIDGE | MA | 02142 | 237154684 | RADIO | MA | 501(c)(3 | MIT | Yes (true) | 9 |
| Technology Review Inc (Tech Review) | ||||||||||
| ONE MAIN STREET 13TH FLOOR | CAMBRIDGE | MA | 02142 | 954893200 | PUBLICATION | MA | 501(c)(3 | MIT | Yes (true) | |
| The Massachusetts Green High Performance Computing Center Inc (MGHPCC) | ||||||||||
| 100 BIGELOW STREET | HOLYOKE | MA | 01040 | 273014805 | RESEARCH | MA | 501(c)(3 | NA | false | |
| Lord Foundation of Massachusetts Inc | ||||||||||
| 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 042748895 | MIT SUPPORT | MA | 501(c)(3 | MIT | Yes (true) | |
| Kendall Partners I Inc | ||||||||||
| 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 270565900 | TITLE HOLD | MA | 501(c)(2 | MIT | Yes (true) | |
| Massachusetts Institute of Technology Retiree Welfare Benefit Trust | ||||||||||
| 77 MASSACHUSETTS AVENUE NE 49-3142 | CAMBRIDGE | MA | 02142 | 043177556 | HEALTH BEN. | MA | 501(c)(3 | MIT | Yes (true) | |
| MIT Real Estate Foundation Inc (REFI) | ||||||||||
| 77 MASSACHUSETTS AVENUE NE 49-3142 | CAMBRIDGE | MA | 02139 | 043397800 | REAL ESTATE | MA | 501(c)(3 | MIT | Yes (true) | |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (23 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Predominant Income TypePredominantIncomeTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct | Address Line1ForeignAddress/AddressLine1Txt | Address Line2ForeignAddress/AddressLine2Txt | CityForeignAddress/CityNm | CountryForeignAddress/CountryCd | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MIT Investments 2009 LP | |||||||||||||||||||
| 238 Main Street | Suite 200 | Cambridge | MA | 02142 | 270896088 | Investments | DE | Massachusetts Institute of Technology | Excluded | $115,583,235 | $649,869,996 | false | Yes (true) | 0.92 | |||||
| MIT Private Equity II LLC | |||||||||||||||||||
| 238 Main Street | Suite 200 | Cambridge | MA | 02142 | 753066771 | Investments | DE | Massachusetts Institute of Technology | Excluded | $8,355 | $182,920 | false | Yes (true) | 1.0 | |||||
| MIT Private Equity III LLC | |||||||||||||||||||
| 238 Main Street | Suite 200 | Cambridge | MA | 02142 | 204639783 | Investments | DE | Massachusetts Institute of Technology | Excluded | $48,407 | $382,886 | false | Yes (true) | 1.0 | |||||
| MIT Private Equity IV LLC | |||||||||||||||||||
| 238 Main Street | Suite 200 | Cambridge | MA | 02142 | 261356668 | Investments | DE | Massachusetts Institute of Technology | Excluded | $22,039 | $143,306 | false | Yes (true) | 1.0 | |||||
| MIT Investments 2010 LP | |||||||||||||||||||
| 238 Main Street | Suite 200 | Cambridge | MA | 02142 | 270542081 | Investments | DE | Massachusetts Institute of Technology | Excluded | $162,071,191 | $6,375,845,604 | false | Yes (true) | 1.0 | |||||
| Alchemy Plan (Cambridge) LP | |||||||||||||||||||
| 980203250 | Investments | Massachusetts Institute of Technology | Excluded | $6,059,741 | $10,656,326 | false | false | 0.99 | Trafalgar Court | Les Banques | St Peter Port | GK | UK | ||||||
| Back Bay Fund I Ltd | |||||||||||||||||||
| Investments | MIT Investments 2010 LP | Excluded | $0 | $22,748,880 | false | false | 1.0 | 190 Elgin Avenue | Georgetown | CJ | CJ | ||||||||
| Leviathan Real Estate Partners LLC | |||||||||||||||||||
| 250 First Avenue | Suite 200 | Needham | MA | 02494 | 473349186 | Investments | DE | Massachusetts Institute of Technology | Excluded | -$289,605 | $710,395 | false | false | 0.83 | |||||
| Mallard Fund LP | |||||||||||||||||||
| 2000 McKinney Avenue | Suite 2125 | Dallas | TX | 75201 | 208974201 | Investments | TX | Meadowlark Associates LLC | Excluded | -$5,561,650 | $137,893,232 | false | false | 1.0 | |||||
| Northaven Partners III LP | |||||||||||||||||||
| 275 Madison Avenue | 6th Floor | New York | NY | 10016 | 133908626 | Investments | NY | Massachusetts Institute of Technology | Excluded | $86,420 | $2,629,628 | false | false | 0.53 | |||||
| Premia Fund I LLC | |||||||||||||||||||
| 811 Hamilton Street | Redwod City | CA | 94063 | 473300238 | Investments | DE | MIT Investments 2010 LP | Excluded | $76,012 | $9,467,879 | false | false | 0.56 | ||||||
| Wexford MIT Energy II LP | |||||||||||||||||||
| 411 West Putnam Avenue | Suite 125 | Greenwich | CT | 06830 | 760787877 | Investments | DE | Massachusetts Institute of Technology | Excluded | -$893,514 | $9,205,733 | false | false | 0.91 | |||||
| Wexford MIT Energy LP | |||||||||||||||||||
| 411 West Putnam Avenue | Suite 125 | Greenwich | CT | 06830 | 800057801 | Investments | DE | Massachusetts Institute of Technology | Excluded | -$482,051 | $1,071,926 | false | false | 0.67 | |||||
| China Omaha Partners LP | |||||||||||||||||||
| Investments | MIT Investments 2010 LP | Excluded | $4,511,977 | $40,089,910 | false | false | 0.96 | Cricket Square Hutchins Drive | CJ | CJ | |||||||||
| Galileo TM LLC | |||||||||||||||||||
| 990376894 | Investments | MIT Investments 2010 LP | Excluded | -$11,384,059 | $79,003,264 | false | false | 0.99 | Rua Do Carmo | 8 Grupo 502 | Rio De Janeiro | BR | BR | ||||||
| Greenlea Lane Capital Partners LP | |||||||||||||||||||
| 965 Fifth Avenue | 12B | New York | NY | 10075 | 260247078 | Investments | DE | MIT Investments 2010 LP | Excluded | $1,153,833 | $15,961,581 | false | false | 0.52 | |||||
| Hephaestus Energy Fund LP | |||||||||||||||||||
| 10000 Memorial Drive | Suite 550 | Houston | TX | 77024 | 364747789 | Investments | DE | MIT Investments 2010 LP | Excluded | -$23,835,442 | $142,185,963 | false | false | 1.0 | |||||
| Ithuba Investments LP | |||||||||||||||||||
| 3 Columbus Circle | 15th Floor | New York | NY | 10019 | 474243976 | Investments | DE | MIT Investments 2010 LP | Excluded | -$143,464 | $55,686,983 | false | false | 1.0 | |||||
| MD Investors Value Fund | |||||||||||||||||||
| One Fawcett Place | Greenwich | CT | 06830 | 300615514 | Investments | DE | MIT Investments 2010 LP | Excluded | $3,573,835 | $228,592,580 | false | false | 0.97 | ||||||
| Merckx Capital Partners LP | |||||||||||||||||||
| One Maritime Plaza | Suite 2020 | San Francisco | CA | 94111 | 364711803 | Investments | DE | MIT Investments 2010 LP | Excluded | $19,030,598 | $96,226,536 | false | false | 0.85 | |||||
| MFPLA LP | |||||||||||||||||||
| PO Box 194170 | San Francisco | CA | 94119 | 453203773 | Investments | DE | MIT Investments 2010 LP | Excluded | $0 | $343,588,393 | false | false | 0.91 | ||||||
| MGPLA LP | |||||||||||||||||||
| 800 Boylston Street | Suite 1450 | Boston | MA | 02199 | 453625653 | Investments | DE | MIT Investments 2010 LP | Excluded | -$1,359,354 | $45,811,763 | false | false | 1.0 | |||||
| Standard Partners Fund LP | |||||||||||||||||||
| 309 Hawthorne Place | Lawrenceville | NJ | 08648 | 371762191 | Investments | DE | MIT Investments 2010 LP | Excluded | $475,364 | $5,744,412 | false | false | 0.99 | ||||||
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (18 entries)
| Address Line1ForeignAddress/AddressLine1Txt | Address Line2ForeignAddress/AddressLine2Txt | CityForeignAddress/CityNm | Province Or StateForeignAddress/ProvinceOrStateNm | CountryForeignAddress/CountryCd | Foreign PostalForeignAddress/ForeignPostalCd | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd | Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gaoling Feeder II | ||||||||||||||||||||
| PO Box 908 GT Mary Street | c/o Walkers Corporate Services Ltd | Georgetown | Grand Cayman | CJ | KY19005 | Investments | CJ | Massachusetts Institute of Technology | C Corporation | $66,066,937 | $631,479,801 | 1 | Yes (true) | |||||||
| Hyde Park Capital Limited | ||||||||||||||||||||
| 85 Gracechurch Street | London | UK | EC3V0AA | Investments | UK | Massachusetts Institute of Technology | C Corporation | $0 | $5,670,169 | 1 | Yes (true) | |||||||||
| MIT EndowmentPatron Scotland LP | ||||||||||||||||||||
| 50 Lothian Road Festival Square | Edinburgh | Midlothian | UK | EH39BY | Investments | UK | MITPatron GP Limited | C Corporation | $0 | $5,766,309 | 1 | Yes (true) | ||||||||
| MIT Patron GP Limited | ||||||||||||||||||||
| 50 Lothian Road Festival Square | Edinburgh | Midlothian | UK | EH39BY | Investments | UK | Massachusetts Institute of Technology | C Corporation | $0 | $0 | 1 | Yes (true) | ||||||||
| ABG Capital | ||||||||||||||||||||
| 4th Floor Raffles Tower | co Apex Fund Services Mauritius Ltd | Cybercity | Ebene 19 | MP | Investments | MP | MIT Investments 2010 LP | C Corporation | $0 | $360,494,676 | 1 | Yes (true) | ||||||||
| Charles-Lim AsiaGlobal Limited | ||||||||||||||||||||
| PO Box 173 | c/o Maples Corp Svcs BVI Ltd | Kingston Chambers Road Town | Tortola | VI | Investments | VI | MIT Investments 2010 LP | C Corporation | $0 | $255,310,526 | 0.9 | Yes (true) | ||||||||
| Foxhaven Capital (Offshore) Ltd | ||||||||||||||||||||
| PO Box 309 Ugland House | c/o Maples Corporate Services Ltd | Georgetown | Grand Cayman | CJ | KY11104 | Investments | CJ | MIT Investments 2010 LP | C Corporation | $0 | $111,455,249 | 0.63 | Yes (true) | |||||||
| Admetos Assets Limited | ||||||||||||||||||||
| Trident Trust Co BVI Ltd | Trident Chambers PO Box 146 | Road Town | Tortola | VI | Investments | VI | MIT Investments 2010 LP | C Corporation | $0 | $20,529,319 | 1 | Yes (true) | ||||||||
| MIT Press Limited | ||||||||||||||||||||
| Lion House Red Lion Street | London | UK | WC1R4GB | Publication | UK | Massachusetts Institute of Technology | C Corporation | -$15,471 | $1,367,795 | 1 | Yes (true) | |||||||||
| Singapore-MIT Alliance for Research and Technology | ||||||||||||||||||||
| 1 Create Way | 10-01 Create Tower | Singapore | SN | 138602 | Research | SN | Massachusetts Institute of Technology | C Corporation | $0 | $2,976,464 | 1 | Yes (true) | ||||||||
| Protego Blocker LLC | ||||||||||||||||||||
| Investments | Massachusetts Institute of Technology | C Corporation | $0 | $0 | 1 | Yes (true) | 238 Main Street | Suite 200 | Cambridge | MA | 02142 | MA | ||||||||
| Terra Australis Property Fund II | ||||||||||||||||||||
| Level 12 89 York Street | Sydney | AS | Investments | AS | Massachusetts Institute of Technology | Trust | $0 | $8,585,460 | 0.88 | Yes (true) | ||||||||||
| MIT India Trust | ||||||||||||||||||||
| Pirojshanager Eastern Express HWY | Mumbai | IN | Investments | IN | Massachusetts Institute of Technology | Trust | $0 | $1,460 | 1 | Yes (true) | ||||||||||
| Bose Corporation | ||||||||||||||||||||
| Product Development | C Corporation | Yes (true) | The Mountain | Framingham | MA | 01701 | MA | N/A | ||||||||||||
| Charitable Remainder Trusts (363) | ||||||||||||||||||||
| Investments | Trust | MA | N/A | |||||||||||||||||
| Charitable Lead Trust (2) | ||||||||||||||||||||
| Investments | Trust | MA | N/A | |||||||||||||||||
| MIT Pooled Income Funds (3) | ||||||||||||||||||||
| Investments | Trust | MA | N/A | |||||||||||||||||
| Perpetual Trust (21) | ||||||||||||||||||||
| Investments | Trust | N/A | ||||||||||||||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (true) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (true) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (true) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (true) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | Yes (true) | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (true) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (true) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (true) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (true) | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (true) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (45 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| ABG Capital | ||
| B | $125,000,000 | CASH |
| Alchemy Plan (Cambridge) LP | ||
| A | $6,778,134 | CASH |
| Alchemy Plan (Cambridge) LP | ||
| S | $3,112,069 | CASH |
| Back Bay Fund I Ltd | ||
| B | $24,000,000 | CASH |
| Bose Corporation | ||
| F | $5,472,000 | CASH |
| Charles -Lim AsiaGlobal Limited | ||
| B | $100,000,000 | CASH |
| China Omaha Partners LP | ||
| A | $223,724 | CASH |
| China Omaha Partners LP | ||
| B | $5,000,000 | CASH |
| Galileo TM LLC | ||
| A | $62,411 | CASH |
| Gaoling Feeder II | ||
| S | $66,066,937 | CASH |
| Hephaestus Energy Fund LP | ||
| A | $5 | CASH |
| Hephaestus Energy Fund LP | ||
| B | $77,500,000 | CASH |
| Hyde Park Capital Limited | ||
| B | $52,032 | CASH |
| Ithuba Investments LP | ||
| A | $21,415 | CASH |
| Ithuba Investments LP | ||
| B | $106,750,000 | CASH |
| Leviathan Real Estate Partners LLC | ||
| A | -$289,605 | CASH |
| Lord Foundation of Massachusetts Inc | ||
| R | $1,099,000 | CASH |
| Lord Foundation of Massachusetts Inc | ||
| C | $1,920,000 | CASH |
| MD Investors Value Fund | ||
| A | $684,269 | CASH |
| MD Investors Value Fund | ||
| B | $15,000,000 | CASH |
| Mallard Fund LP | ||
| A | $102,086 | CASH |
| Merckx Capital Partners LP | ||
| A | $144,729 | CASH |
| MFPLA LP | ||
| B | $33,000,000 | CASH |
| MGPLA LP | ||
| A | $73,218 | CASH |
| MGPLA LP | ||
| S | $26,671,468 | CASH |
| MIT Investments 2009 LP | ||
| A | $4,262,771 | CASH |
| MIT Investments 2009 LP | ||
| B | $41,705,813 | CASH |
| MIT Investments 2009 LP | ||
| S | $182,374,082 | CASH |
| MIT Investments 2010 LP | ||
| A | $4,807,827 | CASH |
| MIT Investments 2010 LP | ||
| B | $1,257,578,229 | CASH |
| MIT Investments 2010 LP | ||
| S | $492,200,446 | CASH |
| MIT Press Limited (UK) | ||
| S | $328,000 | CASH |
| MIT Private Equity II LLC | ||
| A | $371 | CASH |
| MIT Private Equity III LLC | ||
| A | $1,215 | CASH |
| MIT Private Equity IV LLC | ||
| A | $307 | CASH |
| MIT Real Estate Foundation Inc (REFI) | ||
| C | $1,294,000 | CASH |
| Premia Fund I LLC | ||
| A | $76,012 | CASH |
| Premia Fund I LLC | ||
| B | $7,178,771 | CASH |
| Singapore-MIT Alliance for Research & Technology (SMART) | ||
| M | $5,118,000 | CASH |
| Singapore-MIT Alliance for Research & Technology (SMART) | ||
| Q | $5,402,000 | CASH |
| Technology Review Inc (Tech Review) | ||
| D | $7,083,000 | CASH |
| Technology Review Inc (Tech Review) | ||
| P | $1,880,000 | CASH |
| Terra Australis Property Fund II | ||
| B | $9,326,920 | CASH |
| Wexford MIT Energy II LP | ||
| A | $185,830 | CASH |
| Wexford MIT Energy LP | ||
| A | $5,369 | CASH |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule R, Part IV | MIT IS THE OWNER (RECEIVED BY WAY OF TWO CHARITABLE GIFTS AND DISCLOSED IN A PRIOR TAX YEAR) OF A MAJORITY OF BOSE CORPORATION'S CLASS B SHARES. THIS INTEREST IS ENTIRELY PASSIVE AND PURELY ECONOMIC AS MIT POSSESSES ONLY THE RIGHT TO RECEIVE DIVIDENDS WHICH MAY BE DISTRIBUTED ON THE SHARES. THE CLASS B SHARES HAVE NO VOTING POWER OVER BOARD MEMBERSHIP, CORPORATE LIQUIDATION OR SALE, OR OTHER CORPORATE GOVERNANCE AND OPERATIONS ISSUES. AS A CLASS B SHAREHOLDER, MIT IS NOT PERMITTED TO SELL ITS STOCK WITHOUT THE EXPRESS APPROVAL OF BOSE'S BOARD. PUBLIC DISCLOSURE OF CERTAIN DETAILS ABOUT THE GIFT COULD PUT BOSE CORPORATION AT A COMPETITIVE DISADVANTAGE.* * SEVERAL IRS PRONOUNCEMENTS HAVE MADE IT CLEAR THAT THE FORM 990 IS NOT INTENDED TO PUT A DISCLOSED DONOR AT A POTENTIAL COMPETITIVE DISADVANTAGE. |
| Schedule R, Part II | AS A RESULT OF MIT'S CONTROL OF AN ORGANIZATION THAT CONTROLS ANOTHER ORGANIZATION WHICH SERVES AS THE CENTRAL ORGANIZATION UNDER A GROUP EXEMPTION, MIT HAS RELATED ORGANIZATIONS THAT ARE SUBORDINATE ORGANIZATIONS INCLUDED IN A GROUP EXEMPTION. PURSUANT TO IRS INSTRUCTIONS, THESE ORGANIZATIONS ARE NOT REQUIRED TO BE SEPARATELY LISTED ON SCHEDULE R. |