FURP.ORG / PUBLIC DATA EXPLORER

MASSACHUSETTS INSTITUTE OF TECHNOLOGY: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
MASSACHUSETTS INSTITUTE OF TECHNOLOGY (EIN 04-2103594)
Tax period
2014-07-01 to 2015-06-30
Filed
2016-05-13
IRS object ID
201631349349305408
Schema version
2014v6.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2016-05-13T14:02:52-05:00ReturnTs
Tax Period End2015-06-30TaxPeriodEndDt
Return Type990ReturnTypeCd
Tax Period Begin2014-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN042103594EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Massachusetts Institute of TechnologyBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMASSBusinessNameControlTxt
Phone6173248142PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line177 MASSACHUSETTS AVENUE NE49-3142AddressLine1Txt
CityCambridgeCityNm
State AbbreviationMAStateAbbreviationCd
ZIP021394307ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonISRAEL RUIZPersonNm
Person TitleEXECUTIVE VP & TREASURERPersonTitleTxt
Signature2016-05-11SignatureDt
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-08-17 19:52:53ZBuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

FieldValueIRS element (for citing)
Business Name Line1L RAFAEL REIFBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line177 MASSACHUSETTS AVENUE NE49-3142AddressLine1Txt
CityCambridgeCityNm
State AbbreviationMAStateAbbreviationCd
ZIP021394307ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$26,659,611,000GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresshttp://web.mit.eduWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1861FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionTHE 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 Body13VotingMembersGoverningBodyCnt
Voting Members Independent10VotingMembersIndependentCnt
Total Employee24070TotalEmployeeCnt
Total Volunteers14897TotalVolunteersCnt
Total Gross UBI$69,842,000TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$956,016,000PYContributionsGrantsAmt
CY Contributions Grants$985,424,000CYContributionsGrantsAmt
PY Program Service Revenue$1,817,391,000PYProgramServiceRevenueAmt
CY Program Service Revenue$2,005,751,000CYProgramServiceRevenueAmt
PY Investment Income$969,651,000PYInvestmentIncomeAmt
CY Investment Income$908,466,000CYInvestmentIncomeAmt
PY Other Revenue$327,607,000PYOtherRevenueAmt
CY Other Revenue$142,583,000CYOtherRevenueAmt
PY Total Revenue$4,070,665,000PYTotalRevenueAmt
CY Total Revenue$4,042,224,000CYTotalRevenueAmt
PY Grants And Similar Paid$500,114,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$521,926,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,352,138,000PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,437,076,000CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$889,000CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$47,339,000CYTotalFundraisingExpenseAmt
PY Other Expenses$1,299,487,000PYOtherExpensesAmt
CY Other Expenses$1,402,128,000CYOtherExpensesAmt
PY Total Expenses$3,151,739,000PYTotalExpensesAmt
CY Total Expenses$3,362,019,000CYTotalExpensesAmt
PY Revenues Less Expenses$918,926,000PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$680,205,000CYRevenuesLessExpensesAmt
Total Assets BOY$20,337,912,000TotalAssetsBOYAmt
Total Assets EOY$21,882,075,000TotalAssetsEOYAmt
Total Liabilities BOY$4,256,964,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$4,319,454,000TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$16,080,948,000NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$17,562,621,000NetAssetsOrFundBalancesEOYAmt
MissionTHE 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 SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$1,354,524,000ExpenseAmt
Grant$83,081,000GrantAmt
Revenue$1,327,151,000RevenueAmt
DescSPONSORED 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

FieldValueIRS element (for citing)
Expense$811,495,000ExpenseAmt
Grant$152,926,000GrantAmt
Revenue$641,307,000RevenueAmt
DescINSTRUCTION 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

FieldValueIRS element (for citing)
Expense$280,282,000ExpenseAmt
Grant$280,282,000GrantAmt
Revenue$0RevenueAmt
DescSCHOLARSHIPS 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 2014-2015, 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

FieldValueIRS element (for citing)
Expense$120,964,000ExpenseAmt
Grant$5,637,000GrantAmt
Revenue$230,140,000RevenueAmt
DescTHIS 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
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$120,964,000TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$5,637,000TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue$230,140,000TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$2,567,265,000TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesYes (true)LobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtYes (true)CollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsYes (true)TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (true)ReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficeYes (true)ForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgYes (true)MoreThan5000KToOrgInd
More Than5000 K To IndividualsYes (true)MoreThan5000KToIndividualsInd
Professional FundraisingYes (true)ProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsYes (true)TaxExemptBondsInd
Invest Tax Exempt BondsfalseInvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingYes (true)LoanOutstandingInd
Grant To Related PersonYes (true)GrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemYes (true)BusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionYes (true)DeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityYes (true)DisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntYes (true)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (true)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgYes (true)TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document24142IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee24070EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountYes (true)ForeignFinancialAccountInd
Foreign CountryARForeignCountryCd
Foreign CountryASForeignCountryCd
Foreign CountryBAForeignCountryCd
Foreign CountryBRForeignCountryCd
Foreign CountryCJForeignCountryCd
Foreign CountryCIForeignCountryCd
Foreign CountryCHForeignCountryCd
Foreign CountryCOForeignCountryCd
Foreign CountryEZForeignCountryCd
Foreign CountryDAForeignCountryCd
Foreign CountryGRForeignCountryCd
Foreign CountryGKForeignCountryCd
Foreign CountryHUForeignCountryCd
Foreign CountryINForeignCountryCd
Foreign CountryISForeignCountryCd
Foreign CountryJAForeignCountryCd
Foreign CountryMYForeignCountryCd
Foreign CountryMOForeignCountryCd
Foreign CountryMUForeignCountryCd
Foreign CountryPEForeignCountryCd
Foreign CountryRPForeignCountryCd
Foreign CountryQAForeignCountryCd
Foreign CountryROForeignCountryCd
Foreign CountrySNForeignCountryCd
Foreign CountryTWForeignCountryCd
Foreign CountryTHForeignCountryCd
Foreign CountryTUForeignCountryCd
Foreign CountryAEForeignCountryCd
Foreign CountryUKForeignCountryCd
Foreign CountryVEForeignCountryCd
Foreign CountryKSForeignCountryCd
Foreign CountryVIForeignCountryCd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsYes (true)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (true)QuidProQuoContriDisclInd
Form8282 Property Disposed OfYes (true)Form8282PropertyDisposedOfInd
Form8282 Filed2Form8282FiledCnt
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members13GoverningBodyVotingMembersCnt
Independent Voting Member10IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersYes (true)LocalChaptersInd
Policies Reference ChaptersfalsePoliciesReferenceChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VentureYes (true)InvestmentInJointVentureInd
Written Policy Or ProcedureYes (true)WrittenPolicyOrProcedureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldOKStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GLEN SHORBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6173248142PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line177 MASSACHUSETTS AVENUE NE49-4000AddressLine1Txt
CityCambridgeCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02139ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (32 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
Robert B Millard
Chairman of the Corporation (Incoming)30.001.00Yes (X)Yes (X)$70,746$0$6,027
John S Reed
Chairman of the Corporation (Outgoing)30.001.00Yes (X)Yes (X)$230,722$0$2,941
L Rafael Reif
President60.002.00Yes (X)Yes (X)$849,906$0$117,981
Israel Ruiz
Executive VP and Treasurer60.002.00Yes (X)Yes (X)$557,150$0$49,613
Denis A Bovin
Executive Committee Member5.001.00Yes (X)$0$0$0
James A Champy
Executive Committee Member5.000Yes (X)$0$0$0
Lawrence K Fish
Executive Committee Member5.000Yes (X)$0$0$0
A Neil Pappalardo
Executive Committee Member5.000Yes (X)$0$0$0
Diana Chapman Walsh
Executive Committee Member5.000Yes (X)$0$0$0
Barrie R Zesiger
Executive Committee Member5.000Yes (X)$0$0$0
Arthur J Samberg
Executive Committee Member5.000Yes (X)$0$0$0
Henricus A Termeer
Executive Committee Member5.000Yes (X)$0$0$0
John A Thain
Executive Committee Member5.001.00Yes (X)$0$0$0
Susan E Whitehead
Executive Committee Member5.000Yes (X)$0$0$0
R Gregory Morgan
Senior VP and Secretary of the Corporation60.000Yes (X)$600,360$0$73,680
Seth Alexander
President of MITIMCo60.002.00$1,555,973$0$51,209Yes (X)
Kirk Kolenbrander
Vice President60.000$364,901$0$64,072Yes (X)
Mark DiVincenzo
VP and General Counsel (Incoming)60.000$275,633$0$61,627Yes (X)
Claude Canizares
Vice President60.000$349,405$0$53,630Yes (X)
Eric Evans
Director of Lincoln Laboratory60.000$458,448$0$60,403Yes (X)
Maria Zuber
VP for Research60.002.00$362,826$0$66,113Yes (X)
Martin Schmidt
Provost60.001.00$502,765$0$107,418Yes (X)
Cynthia Barnhart
Chancellor60.001.00$329,956$0$64,459Yes (X)
Steven Marsh
Managing Director - MITIMCo60.000$1,199,016$0$67,013Yes (X)
Charles Fine
Professor - Sloan School of Management60.000$793,877$0$112,529Yes (X)
Daron Acemoglu
Professor - Economics60.000$785,598$0$55,782Yes (X)
Susan Hockfield
President Emerita and Professor60.000$975,961$0$119,618Yes (X)
Roberto Fernandez
Professor - Sloan School of Management60.000$776,420$0$66,758Yes (X)
Phillip Clay (Former Chancellor)
Professor40.000$326,267$0$33,527Yes (X)
W Eric Grimson (Former Chancellor)
Chancellor for Academic Advancement40.000$343,740$0$72,213Yes (X)
Chris Kaiser (Former Provost)
Professor40.001.00$592,069$0$59,981Yes (X)
Jeffrey Newton
Former VP for Resource Development40.000$457,030$0$8,521Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$12,758,769TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$1,375,115TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K3558IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (true)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsYes (true)CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtAddress Line2ContractorAddress/USAddress/AddressLine2TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
John Moriarty & Associates
3 CHURCH STREETSUITE 2WINCHESTERMA01890CONSTRUCTION$45,002,453
CONSIGLI CONSTRUCTION CO INC
266 SUMMER STREETBOSTONMA02210CONSTRUCTION$38,075,331
BOND BROTHERS INC
145 SPRING STREETEVERETTMA02149CONSTRUCTION$32,994,257
SUFFOLK CONSTRUCTION COMPANY INC
65 ALLERTON STREETBOSTONMA02119CONSTRUCTION$23,768,850
BARR & BARR INC
260 COCHITUATE RDFRAMINGHAMMA01701CONSTRUCTION$15,979,647
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K613CntrctRcvdGreaterThan100KCnt
Government Grants$390,793,000GovernmentGrantsAmt
All Other Contributions$594,631,000AllOtherContributionsAmt
Noncash Contributions$40,266,000NoncashContributionsAmt
Total Contributions$985,424,000TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
Sponsored Research Contracts900099$1,134,304,000$1,134,304,000
Fees and Services900099$117,213,000$114,369,000$2,844,000
Other Programs900099$20,167,000$20,167,000
Tuition900099$621,140,000$621,140,000
Auxiliary Enterprises721000$112,927,000$112,913,000$14,000

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$2,005,751,000TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$71,430,000TotalRevenueColumnAmt
Unrelated Business Revenue$66,984,000UnrelatedBusinessRevenueAmt
Exclusion$4,446,000ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$43,596,000TotalRevenueColumnAmt
Exclusion$43,596,000ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$143,646,000RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$44,659,000RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$98,987,000RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$98,987,000TotalRevenueColumnAmt
Exclusion$98,987,000ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$23,409,764,000SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$22,572,728,000SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$837,036,000SecuritiesAmt
Other$0OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$837,036,000TotalRevenueColumnAmt
Exclusion$837,036,000ExclusionAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$0OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,042,224,000TotalRevenueColumnAmt
Related Or Exempt Func Income$2,002,893,000RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$69,842,000UnrelatedBusinessRevenueAmt
Exclusion$984,065,000ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$3,138,000TotalAmt
Program Services$3,138,000ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$516,289,000TotalAmt
Program Services$516,289,000ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$2,499,000TotalAmt
Program Services$2,499,000ProgramServicesAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$7,552,000TotalAmt
Program Services$1,453,000ProgramServicesAmt
Management And General$6,099,000ManagementAndGeneralAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$250,000TotalAmt
Program Services$250,000ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,123,802,000TotalAmt
Program Services$869,086,000ProgramServicesAmt
Management And General$226,706,000ManagementAndGeneralAmt
Fundraising$28,010,000FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$77,023,000TotalAmt
Program Services$60,254,000ProgramServicesAmt
Management And General$15,906,000ManagementAndGeneralAmt
Fundraising$863,000FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$151,070,000TotalAmt
Program Services$114,889,000ProgramServicesAmt
Management And General$31,001,000ManagementAndGeneralAmt
Fundraising$5,180,000FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$77,379,000TotalAmt
Program Services$60,532,000ProgramServicesAmt
Management And General$15,980,000ManagementAndGeneralAmt
Fundraising$867,000FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$45,109,000TotalAmt
Program Services$26,025,000ProgramServicesAmt
Management And General$19,084,000ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$28,697,000TotalAmt
Program Services$979,000ProgramServicesAmt
Management And General$27,718,000ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$1,084,000TotalAmt
Program Services$30,000ProgramServicesAmt
Management And General$1,054,000ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$889,000TotalAmt
Fundraising$889,000FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$11,498,000TotalAmt
Management And General$11,498,000ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$36,581,000TotalAmt
Program Services$9,496,000ProgramServicesAmt
Management And General$27,085,000ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$10,229,000TotalAmt
Program Services$8,849,000ProgramServicesAmt
Management And General$1,380,000ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$29,967,000TotalAmt
Program Services$18,608,000ProgramServicesAmt
Management And General$10,462,000ManagementAndGeneralAmt
Fundraising$897,000FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$41,686,000TotalAmt
Program Services$12,919,000ProgramServicesAmt
Management And General$28,286,000ManagementAndGeneralAmt
Fundraising$481,000FundraisingAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$14,532,000TotalAmt
Program Services$7,222,000ProgramServicesAmt
Management And General$7,310,000ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$37,034,000TotalAmt
Program Services$32,120,000ProgramServicesAmt
Management And General$4,859,000ManagementAndGeneralAmt
Fundraising$55,000FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$81,385,000TotalAmt
Program Services$69,085,000ProgramServicesAmt
Management And General$8,837,000ManagementAndGeneralAmt
Fundraising$3,463,000FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$45,767,000TotalAmt
Program Services$38,093,000ProgramServicesAmt
Management And General$6,241,000ManagementAndGeneralAmt
Fundraising$1,433,000FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$118,932,000TotalAmt
Program Services$101,811,000ProgramServicesAmt
Management And General$17,050,000ManagementAndGeneralAmt
Fundraising$71,000FundraisingAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$1,880,000TotalAmt
Program Services$1,880,000ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$146,083,000TotalAmt
Program Services$132,541,000ProgramServicesAmt
Management And General$13,193,000ManagementAndGeneralAmt
Fundraising$349,000FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$56,999,000TotalAmt
Program Services$45,545,000ProgramServicesAmt
Management And General$11,454,000ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Lab Supplies$43,568,000$42,945,000$623,000
Subrecipient Agreements$136,862,000$136,862,000
Facilities Charges$92,491,000$54,693,000$34,925,000$2,873,000
Equipment Rental and Maintenance$94,896,000$77,911,000$16,851,000$134,000

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$326,848,000TotalAmt
Program Services$121,261,000ProgramServicesAmt
Management And General$203,813,000ManagementAndGeneralAmt
Fundraising$1,774,000FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$3,362,019,000TotalAmt
Program Services$2,567,265,000ProgramServicesAmt
Management And General$747,415,000ManagementAndGeneralAmt
Fundraising$47,339,000FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$281,363,000BOYAmt
EOY$301,931,000EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$2,691,413,000BOYAmt
EOY$2,028,407,000EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$555,662,000BOYAmt
EOY$624,535,000EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$195,031,000BOYAmt
EOY$171,262,000EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$500,000BOYAmt
EOY$500,000EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$48,169,000BOYAmt
EOY$45,678,000EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$6,506,000BOYAmt
EOY$6,797,000EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$114,812,000BOYAmt
EOY$148,640,000EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$4,179,197,000LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,362,144,000LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$2,619,788,000BOYAmt
EOY$2,817,053,000EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$1,420,680,000BOYAmt
EOY$1,622,389,000EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$12,403,988,000BOYAmt
EOY$14,114,883,000EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$20,337,912,000BOYAmt
EOY$21,882,075,000EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$504,032,000BOYAmt
EOY$564,448,000EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$59,955,000BOYAmt
EOY$76,002,000EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,382,589,000BOYAmt
EOY$863,471,000EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$1,536,312,000BOYAmt
EOY$2,058,760,000EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$774,076,000BOYAmt
EOY$756,773,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4,256,964,000BOYAmt
EOY$4,319,454,000EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$6,520,412,000BOYAmt
EOY$7,127,306,000EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$6,718,225,000BOYAmt
EOY$7,553,447,000EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,842,311,000BOYAmt
EOY$2,881,868,000EOYAmt

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$16,080,948,000BOYAmt
EOY$17,562,621,000EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$20,337,912,000BOYAmt
EOY$21,882,075,000EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$680,205,000ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$846,704,000NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$45,236,000OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$970,793,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$894,547,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$817,616,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$956,016,000CurrentTaxYearMinus1YearAmt
Current Tax Year$985,424,000CurrentTaxYearAmt
Total$4,624,396,000TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$970,793,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$894,547,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$817,616,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$956,016,000CurrentTaxYearMinus1YearAmt
Current Tax Year$985,424,000CurrentTaxYearAmt
Total$4,624,396,000TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$135,108,100SubstantialContributorsTotAmt
Public Support Total170$4,489,287,900PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$275,608,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$269,941,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$231,493,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$257,919,000CurrentTaxYearMinus1YearAmt
Current Tax Year$191,688,000CurrentTaxYearAmt
Total$1,226,649,000TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt
FieldValueIRS element (for citing)
Total Support$5,851,045,000TotalSupportAmt
Gross Receipts Rltd Activities$9,983,398,000GrossReceiptsRltdActivitiesAmt
Public Support CY1700.7673PublicSupportCY170Pct
Public Support PY1700.7470PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
VolunteersfalseVolunteersInd
Paid Staff Or ManagementYes (true)PaidStaffOrManagementInd
Media AdvertisementsfalseMediaAdvertisementsInd
Mailings MembersfalseMailingsMembersInd
Publications Or BroadcastfalsePublicationsOrBroadcastInd
Grants Other OrganizationsfalseGrantsOtherOrganizationsInd
Direct Contact LegislatorsYes (true)DirectContactLegislatorsInd
Direct Contact Legislators$154,415DirectContactLegislatorsAmt
Rallies DemonstrationsfalseRalliesDemonstrationsInd
Other ActivitiesYes (true)OtherActivitiesInd
Total Lobbying Expenditures$154,415TotalLobbyingExpendituresAmt
Not Described Section501c3falseNotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule C, Part II-B, Line 1 Description of the Activities Reported on Lines 1A through 1IFormAndLineReferenceDesc
ExplanationLINES 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 2015 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

Held Works Art HeldWorksArtGrp

FieldValueIRS element (for citing)
Revenues Included$0RevenuesIncludedAmt
Assets Included$0AssetsIncludedAmt
FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd
Collection Used PreservationYes (X)CollectionUsedPreservationInd
Solicited Assets SalefalseSolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$12,589,776,000BeginningYearBalanceAmt
Contributions$166,646,000ContributionsAmt
Investment Earnings Or Losses$1,495,654,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$111,034,000GrantsOrScholarshipsAmt
Other Expenditures$434,827,000OtherExpendituresAmt
Administrative Expenses$18,276,000AdministrativeExpensesAmt
End Year Balance$13,687,939,000EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$11,005,930,000BeginningYearBalanceAmt
Contributions$192,422,000ContributionsAmt
Investment Earnings Or Losses$1,921,163,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$104,323,000GrantsOrScholarshipsAmt
Other Expenditures$411,108,000OtherExpendituresAmt
Administrative Expenses$14,308,000AdministrativeExpensesAmt
End Year Balance$12,589,776,000EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$10,308,273,000BeginningYearBalanceAmt
Contributions$136,980,000ContributionsAmt
Investment Earnings Or Losses$1,075,065,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$98,947,000GrantsOrScholarshipsAmt
Other Expenditures$400,353,000OtherExpendituresAmt
Administrative Expenses$15,088,000AdministrativeExpensesAmt
End Year Balance$11,005,930,000EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$9,853,574,000BeginningYearBalanceAmt
Contributions$180,985,000ContributionsAmt
Investment Earnings Or Losses$754,548,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$93,944,000GrantsOrScholarshipsAmt
Other Expenditures$374,661,000OtherExpendituresAmt
Administrative Expenses$12,229,000AdministrativeExpensesAmt
End Year Balance$10,308,273,000EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$8,463,458,000BeginningYearBalanceAmt
Contributions$313,644,000ContributionsAmt
Investment Earnings Or Losses$1,431,852,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$88,414,000GrantsOrScholarshipsAmt
Other Expenditures$254,932,000OtherExpendituresAmt
Administrative Expenses$12,034,000AdministrativeExpensesAmt
End Year Balance$9,853,574,000EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.2954BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.2012PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.5034TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgYes (true)EndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgYes (true)EndowmentsHeldRelatedOrgInd
Related Org List Sch RYes (true)RelatedOrgListSchRInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$74,298,000OtherCostOrOtherBasisAmt
Book Value$74,298,000BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,719,456,000OtherCostOrOtherBasisAmt
Depreciation$1,295,103,000DepreciationAmt
Book Value$2,424,353,000BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$64,525,000OtherCostOrOtherBasisAmt
Book Value$64,525,000BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$320,918,000OtherCostOrOtherBasisAmt
Depreciation$67,041,000DepreciationAmt
Book Value$253,877,000BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$2,817,053,000TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (8 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
MINORITY INTERESTS$232,415,000F
FIXED INCOME$280,910,000F
EQUITIES$8,589,318,000F
ABSOLUTE RETURN$1,734,169,000F
REAL ESTATE & REAL ASSETS$3,164,177,000F
SPLIT INTEREST AGREEMENTS$146,405,000F
OTHER$3,456,000F
INTEREST RATE SWAPS-$35,967,000F
FieldValueIRS element (for citing)
Total Book Value Securities$14,114,883,000TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)

DescDescAmtAmt
Deferred Revenue and Other Credits$15,705,000
Noncontrolling Interests$232,415,000
Advance Payments$419,859,000
Government Advances$35,561,000
Accrued Benefits$53,233,000
FieldValueIRS element (for citing)
Total Liability$756,773,000TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule D, Part III PART III, LINE 1AAS 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 collectionsMIT 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 fundsMIT'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) footnoteUS 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, 2015, 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

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (true)GovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICYMIT'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. 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 GOVERNMENTMIT RECEIVES PELL, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY AND PERKINS LOANS.

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (40 entries)

RegionRegionTxtType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmtEmployeeEmployeeCntOfficesOfficesCnt
East Asia and the PacificProgram ServicesSubrecipient Agreements$8,329,069
Europe (Including Iceland and Greenland)Program ServicesSubrecipient Agreements$4,663,093
Middle East and North AfricaProgram ServicesSubrecipient Agreements$120,529
North America (Canada & Mexico only)Program ServicesSubrecipient Agreements$217,966
South AmericaProgram ServicesSubrecipient Agreements$405,754
South AsiaProgram ServicesSubrecipient Agreements$1,182,012
Sub-Saharan AfricaProgram ServicesSubrecipient Agreements$824,822
Central America and the CaribbeanGrantmaking$48,784
East Asia and the PacificGrantmaking$505,136
Europe (Including Iceland and Greenland)Grantmaking$609,799
Middle East and North AfricaGrantmaking$269,917
North America (Canada & Mexico only)Grantmaking$137,921
Russia and Neighboring StatesGrantmaking$77,055
South AmericaGrantmaking$327,106
South AsiaGrantmaking$332,947
Sub-Saharan AfricaGrantmaking$190,269
East Asia and the PacificFundraising$1,005,164
Europe (Including Iceland and Greenland)Fundraising$893,864
Middle East and North AfricaFundraising$94,255
North America (Canada & Mexico only)Fundraising$73,075
Russia and Neighboring StatesFundraising$78,575
South AmericaFundraising$244,1081
South AsiaFundraising$41,666
Central America and the CaribbeanProgram ServicesEducation/Research$79,1611
East Asia and the PacificProgram ServicesEducation/Research$14,634,886601
Europe (Including Iceland and Greenland)Program ServicesEducation/Research$13,219,788441
Middle East and North AfricaProgram ServicesEducation/Research$3,992,5002
North America (Canada & Mexico only)Program ServicesEducation/Research$1,596,8542
Russia and Neighboring StatesProgram ServicesEducation/Research$3,058,5308
South AmericaProgram ServicesEducation/Research$1,776,57281
South AsiaProgram ServicesEducation/Research$1,510,6243
Sub-Saharan AfricaProgram ServicesEducation/Research$415,7893
AntarcticaProgram ServicesEducation/Research$28,403
Central America and the CaribbeanInvestments$1,380,012,063
East Asia and the PacificInvestments$403,018,222
Europe (Including Iceland and Greenland)Investments$276,288,139
North America (Canada & Mexico only)Investments$7,519,603
South AmericaInvestments$23,453,742
South AsiaInvestments$15,155,351
Sub-Saharan AfricaInvestments$172,805,819
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continutation Total Office3ContinutationTotalOfficeCnt
Continutation Total Employee132ContinutationTotalEmployeeCnt
Total Office3TotalOfficeCnt
Total Employee132TotalEmployeeCnt
Subtotal Spent$18,242,179SubtotalSpentAmt
Continuation Spent$2,320,996,753ContinuationSpentAmt
Total Spent$2,339,238,932TotalSpentAmt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (39 entries)

Type Of AssistanceTypeOfAssistanceTxtRegionRegionTxtRecipientRecipientCntCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxt
Public Service Center GrantsCentral America and the Caribbean3$9,900Check
Public Service Center GrantsEast Asia and the Pacific4$14,300Check
Public Service Center GrantsSouth America2$3,400Check
Public Service Center GrantsSouth Asia7$24,113Check
Public Service Center GrantsSub-Saharan Africa26$94,012Check
Public Service Center GrantsMiddle East and North Africa1$745Check
MISTI StipendEast Asia and the Pacific112$444,830Check
MISTI StipendEurope (Including Iceland and Greenland)298$454,516Check
MISTI StipendMiddle East and North Africa75$243,102Check
MISTI StipendNorth America (Canada & Mexico only)40$61,785Check
MISTI StipendRussia and Neighboring States28$72,169Check
MISTI StipendSouth America64$292,270Check
MISTI StipendSouth Asia73$209,420Check
MISTI StipendSub-Saharan Africa18$63,571Check
HonorariaEast Asia and the Pacific15$6,609Check
HonorariaMiddle East and North Africa7$9,400Check
HonorariaNorth America (Canada & Mexico only)9$8,464Check
HonorariaSouth America6$9,000Check
HonorariaSouth Asia2$1,600Check
HonorariaSub-Saharan Africa2$714Check
HonorariaEurope (Including Iceland and Greenland)85$86,070Check
HonorariaRussia and Neighboring States1$2,857Check
Prizes & AwardsEast Asia and the Pacific66$46,809Check
Prizes & AwardsMiddle East and North Africa12$12,448Check
Prizes & AwardsNorth America (Canada & Mexico only)34$47,164Check
Prizes & AwardsSouth America6$4,404Check
Prizes & AwardsSouth Asia32$61,117Check
Prizes & AwardsSub-Saharan Africa7$3,750Check
Prizes & AwardsEurope (Including Iceland and Greenland)52$71,280Check
Prizes & AwardsCentral America and the Caribbean3$1,300Check
Prizes & AwardsRussia and Neighboring States3$2,029Check
FellowshipsEast Asia and the Pacific12$27,588Check
FellowshipsMiddle East and North Africa6$4,222Check
FellowshipsNorth America (Canada & Mexico only)8$20,508Check
FellowshipsSouth America7$18,033Check
FellowshipsSouth Asia9$12,997Check
FellowshipsSub-Saharan Africa48$28,222Check
FellowshipsEurope (Including Iceland and Greenland)25$21,633Check
FellowshipsCentral America and the Caribbean5$2,584Check
FieldValueIRS element (for citing)
Transfer To Foreign CorpYes (true)TransferToForeignCorpInd
Interest In Foreign TrustYes (true)InterestInForeignTrustInd
Foreign Corp OwnershipYes (true)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (true)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (true)ForeignPartnershipInd
Boycott CountriesYes (true)BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule F, Part I, Line 2 Procedures for monitoring use of grant fundsMIT 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 3AA 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 FUNDSMIT 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

FieldValueIRS element (for citing)
Mail SolicitationsYes (X)MailSolicitationsInd
Email SolicitationsYes (X)EmailSolicitationsInd
Phone SolicitationsYes (X)PhoneSolicitationsInd
In Person SolicitationsYes (X)InPersonSolicitationsInd
Solicitation Of Non Govt GrantsYes (X)SolicitationOfNonGovtGrantsInd
Solicitation Of Govt GrantsYes (X)SolicitationOfGovtGrantsInd
Agrmt Prof Fundraising ActyYes (true)AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdActivityActivityTxtFundraiser Control Of FundsFundraiserControlOfFundsIndGross ReceiptsGrossReceiptsAmtRetained By ContractorRetainedByContractorAmtNet To OrganizationNetToOrganizationAmtAddress Line2USAddress/AddressLine2Txt
The Brand Union Co Inc
3 Columbus CircleNew YorkNY10019FUNDRAISING CONSULTINGfalse$0$386,779-$386,779
Blue State Digital
406 7th Street NWWashingtonDC20004FUNDRAISING CONSULTINGfalse$0$313,683-$313,6833rd Floor
Propeller Group
2535 Townsgate RoadWestlake VillageCA91361FUNDRAISING VIDEOfalse$0$172,428-$172,428Suite 100
Cynthia Greenleaf
4375 Congress StreetFairfieldCT06824FUNDRAISING CONSULTINGfalse$0$16,200-$16,200
FieldValueIRS element (for citing)
Total Gross Receipts$0TotalGrossReceiptsAmt
Total Retained By Contractors$889,090TotalRetainedByContractorsAmt
Total Net To Organization-$889,090TotalNetToOrganizationAmt
Licensed StatesMALicensedStatesCd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule G, Part I, Line 2b FUNDRAISING EVENTSFormAndLineReferenceDesc
ExplanationNO FUNDRAISING EVENTS WERE CONDUCTED IN RELATION TO THE AMOUNTS PAID TO THE PROFESSIONAL FUNDRAISERS. ADDITIONALLY, MIT DID NOT CONDUCT FUNDRAISING EVENTS PER IRS DEFINITIONS.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Recipient Table RecipientTable (31 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
HOUSE ASSOC OF THETA OMICRON OF ALPHA CHI OMEGA INC
478 COMMONWEALTH AVEBostonMA02115043244129501(c)(7)$23,948IRDF Grant
THE FRIENDS OF THE THE LAMBDA PHI CHAPTER OF ALPHA DELTA PHI FRATERNITY
351 MASS AVECambridgeMA02139042607157501(c)(7)$16,907IRDF Grant
MUTAW CORPORATION
155-165 BAY STATE ROADBostonMA02215046145647501(c)(7)$20,609IRDF Grant
ZETA PHI CHAPTER HOUSE CORP OF ALPHA PHI INTERNATIONAL FRATERNITY INC
479 COMMONWEALTH AVEBostonMA02215222768441501(c)(7)$31,583IRDF Grant
BETA UPSILON ASSOCIATION
119 120 BAY STATE ROADBostonMA02215501(c)(7)$19,310IRDF Grant
THE BETA FOUNDATION
32 HEREFORD STBostonMA02215042116079501(c)(7)$28,398IRDF Grant
ASTADKE INC
403 MEMORIAL DRIVECambridgeMA02139046066546501(c)(7)$13,307IRDF Grant
BETA NU HOUSE CORPORATION
416 BEACON STREETBostonMA02215237046612501(c)(7)$21,804IRDF Grant
TECHNOLOGY CHAPTER OF DELTA UPSILON
526 BEACON STREETBostonMA02215046138571501(c)(7)$10,926IRDF Grant
EPSILON THETA CORPORATION
259 SAINT PAUL STREETBrooklineMA02446046170956501(c)(7)$24,462IRDF Grant
LAMBDA ZETA ASSOCIATES INC
99 BAY STATE ROADBostonMA02215043238433501(c)(7)$15,309IRDF Grant
MIT STUDENT HOUSE INC
111 BAY STATE ROADBostonMA02215501(c)(7)$8,589IRDF Grant
ALUMNI ASSOC OF NU DELTA CHAPTER OF PHI MU DELTA FRATERNITY
460 BEACON STREETBostonMA02115043071196501(c)(7)$11,156IRDF Grant
PHI BETA EPSILON CORPORATION
400 MEMORIAL DRIVECambridgeMA02139046014162501(c)(7)$2,442,000IRDF Grant
INCORPORATE ALUMNI OF PSI DELTA
97 BAY STATE ROADBostonMA02215056016312501(c)(7)$12,490IRDF Grant
ALUMNI ASSOC OF ALPHA MU CHAPTER OF PHI KAPPA SIGMA FRATERNITY INC
530 BEACON STREETBostonMA02115043146095501(c)(7)$73,174IRDF Grant
MASS ETA OF PHI KAPPA THETA FRATERNITY ALUMNI CORPORATION
229 COMMONWEALTH AVENUEBostonMA02116046063508501(c)(7)$6,486IRDF Grant
450 BEACON STREET INC
450 BEACON STREETBostonMA02115042721968501(c)(7)$28,325IRDF Grant
ALUMNI ASSOC OF OMICRON CHAPTER
487 COMMONWEALTH AVENUEBostonMA02215046197951501(c)(7)$32,847IRDF Grant
HOUSECORP INC
69 CHESTNUT STREETCambridgeMA02139237091484501(c)(7)$11,654IRDF Grant
ALPHA THETA CHAPTER OF SIGMA CHI FRATERNITY INC
532 BEACON STREETBostonMA02215042761368501(c)(7)$19,872IRDF Grant
THETA LAMBDA CHAPTER HOUSE CORPORATION OF SIGMA KAPPA SORORITY
480 COMMONWEALTH AVEBostonMA02215043374823501(c)(7)$6,695IRDF Grant
SNHC INC
28 THE FENWAYBostonMA02215680514586501(c)(7)$22,437IRDF Grant
ALUMNI ASSOC OF XI CHAPTER OF TAU EPSILON PHI INC
253 COMMONWEALTH AVEBostonMA02116161686778501(c)(7)$127,039IRDF Grant
BETA CHAPTER OF THETA CHI FRATERNITY
528 BEACON STBostonMA02215042112594501(c)(7)$14,443IRDF Grant
THETA XI HOUSING CORP OF MIT INC
64 BAY STATE ROADBostonMA02215042129483501(c)(7)$8,443IRDF Grant
MIT WOMENS INDEPENDENT LIVING GROUP
355 MASS AVECambridgeMA02474042642553501(c)(7)$5,950IRDF Grant
DOVER CLUB OF MIT INC
58 MANCHESTER ROADBrooklineMA02446043158370501(c)(7)$18,907IRDF Grant
Massachusetts Afterschool Partnership Inc
128A Tremont StreetBostonMA02108205116880501(c)(3)$38,500Prize/Award
YMCA of Greater Boston Inc
316 Huntington AvenueBostonMA02115042103551501(c)(3)$7,255Contribution
The President and Fellows of Harvard College
124 Mount Auburn StreetCambridgeMA02138042103580501(c)(3)$15,000Contribution
FieldValueIRS element (for citing)
Total501c3 Org0Total501c3OrgCnt
Total Other Org28TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (7 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntNon Cash AssistanceNonCashAssistanceAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDescCash GrantCashGrantAmt
TUITION SUPPORT7428$354,509,000FMVApplied to student's tuition obligation
HONORARIA800$714,337
PRIZES AND AWARDS1103$1,684,196
PUBLIC SERVICE CENTER GRANTS30$102,576
MIT STUDENT FELLOWSHIPS & STIPENDS1921$38,759,000
NON-MIT STUDENT FELLOWSHIPS & STIPENDS482$15,259,295
STUDENT WAGES8286$105,261,000

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule I, Part I, Line 2 Description Of Procedure For Monitoring Use Of Grant FundsMIT 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.
Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds.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.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
First Class Or Charter TravelYes (X)FirstClassOrCharterTravelInd
Travel For CompanionsYes (X)TravelForCompanionsInd
Idemnification Gross Up PmtsYes (X)IdemnificationGrossUpPmtsInd
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Personal ServicesYes (X)PersonalServicesInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (true)SupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (true)AnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (21 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
John S Reed
Chairman of the Corporation (Outgoing)$228,603$0$0$0$2,119$0$0$0$2,941$0$233,663$0$0$0
L Rafael Reif
President$796,966$0$0$0$52,940$0$13,000$0$104,981$0$967,887$0$0$0
Israel Ruiz
Executive VP and Treasurer$531,638$0$0$0$25,512$0$23,400$0$26,213$0$606,763$0$0$0
R Gregory Morgan
Senior VP and Secretary of the Corporation$570,790$0$0$0$29,570$0$44,200$0$29,480$0$674,040$0$0$0
Phillip Clay (Former Chancellor)
Professor$309,080$0$0$0$17,187$0$13,000$0$20,527$0$359,794$0$0$0
W Eric Grimson (Former Chancellor)
Chancellor for Academic Advancement$335,798$0$0$0$7,942$0$44,200$0$28,013$0$415,953$0$0$0
Chris Kaiser (Former Provost)
Professor$510,563$0$0$0$81,506$0$39,000$0$20,981$0$652,050$0$0$0
Jeffrey Newton
Former VP for Resource Development$33,913$0$0$0$423,117$0$6,466$0$2,055$0$465,551$0$0$0
Seth Alexander
President of MITIMCo$589,721$0$933,296$0$32,956$0$23,400$0$27,809$0$1,607,182$0$0$0
Kirk Kolenbrander
Vice President$353,981$0$0$0$10,920$0$33,800$0$30,272$0$428,973$0$0$0
Mark DiVincenzo
VP and General Counsel (Incoming)$273,798$0$0$0$1,835$0$33,800$0$27,827$0$337,260$0$0$0
Claude Canizares
Vice President$337,498$0$0$0$11,907$0$13,000$0$40,630$0$403,035$0$0$0
Eric Evans
Director of Lincoln Laboratory$440,928$0$0$0$17,520$0$33,800$0$26,603$0$518,851$0$0$0
Maria Zuber
VP for Research$353,401$0$0$0$9,425$0$39,000$0$27,113$0$428,939$0$0$0
Martin Schmidt
Provost$497,070$0$0$0$5,695$0$33,800$0$73,618$0$610,183$0$0$0
Cynthia Barnhart
Chancellor$328,099$0$0$0$1,857$0$39,000$0$25,459$0$394,415$0$0$0
Steven Marsh
Managing Director - MITIMCo$489,518$0$688,398$0$21,100$0$39,000$0$28,013$0$1,266,029$0$0$0
Charles Fine
Professor - Sloan School of Management$273,772$0$0$0$520,105$0$39,000$0$73,529$0$906,406$0$0$0
Daron Acemoglu
Professor - Economics$750,085$0$0$0$35,513$0$28,600$0$27,182$0$841,380$0$0$0
Susan Hockfield
President Emerita and Professor$518,424$0$0$0$457,537$0$49,400$0$70,218$0$1,095,579$0$0$0
Roberto Fernandez
Professor - Sloan School of Management$333,095$0$0$0$443,325$0$39,000$0$27,758$0$843,178$0$0$0

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule J, Part II, Column (B)(iii) PART II, COLUMN B(III)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. SLOAN FACULTY INCLUDED IN THE FORM 990 ARE PROFESSORS FINE AND FERNANDEZ.
Schedule J, Part II, Column (C) PART II, COLUMN (C)SCHEDULE J, PART II, COLUMN (C) DOES NOT INCLUDE $212,500 OF INCENTIVE COMPENSATION FOR MR. ALEXANDER AND $158,476 OF INCENTIVE COMPENSATION FOR MR. MARSH AWARDED IN January 2014. 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 VIITHE 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 4b SUPPL NONQUAL. RETIREMENT PLAN - PART II, COL B(III), LINE 20AS MIT PREVIOUSLY REPORTED, MIT HAD PAID AN AMOUNT ANNUALLY INTO AN ACCOUNT FOR THE BENEFIT OF FORMER PRESIDENT SUSAN HOCKFIELD DURING HER TENURE AS MIT PRESIDENT. MIT DID NOT MAKE ANY PAYMENTS INTO THAT ACCOUNT IN CALENDAR YEAR 2014. FORMER PRESIDENT HOCKFIELD RECEIVED PAYMENT FOR THE BALANCE OF THIS ACCOUNT ON JUNE 30, 2014. IN ADDITION, IN CALENDAR YEAR 2012 FORMER PRESIDENT HOCKFIELD VESTED IN A DEFERRED ANNUITY, WITH RESPECT TO WHICH SHE WILL NOT BEGIN TO RECEIVE PAYMENTS UNTIL 2016.
Schedule J, Part I, Line 7 NON-FIXED PAYMENTS - PART II, COLUMN B(II), LINES 9 & 17THE 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.
Schedule J, Part I, Line 1a First-class or charter travelSCHEDULE 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 companionsCOMPANION 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 paymentsONE 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 useTHE 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 $84,000 FOR PRESIDENT REIF IN CALENDAR YEAR 2014. 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 Health or social club dues or initiation feesMIT REIMBURSES SOME OFFICERS AND KEY EMPLOYEES FOR CERTAIN DUES AND FEES FOR ASSOCIATIONS THEY USE FOR BUSINESS. REIMBURSEMENT IS DEPENDENT UPON SUBSTANTIATION OF THE BONA FIDE BUSINESS REASON FOR THE EXPENSE.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
MASSACHUSETTS HEALTH & EDUCATIONAL FAC
A04245601157585K3G12003-05-07$204,790,814CONSTRUCTION/RENOVATION/REFUNDINGfalsefalsefalse
MASSACHUSETTS HEALTH & EDUCATIONAL FAC
B04245601157586CBP92004-04-02$150,854,243CONSTRUCTION AND RENOVATIONfalsefalsefalse
MASSACHUSETTS HEALTH & EDUCATIONAL FAC
C04245601157586C8G32008-08-13$334,995,460CONSTRUCTION AND RENOVATIONYes (true)falsefalse
MASSACHUSETTS HEALTH & EDUCATIONAL FAC
D04245601157586ECM12009-01-08$274,996,289CONSTRUCTION AND RENOVATIONYes (true)falsefalse

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtBond DefeasedBondDefeasedAmtTotal ProceedsTotalProceedsAmtIn Reserve FundInReserveFundAmtCapitalized InterestCapitalizedInterestAmtRefunding EscrowRefundingEscrowAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCredit EnhancementCreditEnhancementAmtWorking Capital ExpendituresWorkingCapitalExpendituresAmtCapital ExpendituresCapitalExpendituresAmtOther Spent ProceedsOtherSpentProceedsAmtUnspentUnspentAmtSubstantial CompletionSubstantialCompletionYrCurrent RefundingCurrentRefundingIndAdvance RefundingAdvanceRefundingIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintInd
A$43,190,000$0$205,361,235$0$0$0$1,040,170$0$0$204,321,064$0$02005Yes (true)falseYes (true)Yes (true)
B$9,110,000$0$151,599,210$0$0$0$854,243$0$0$150,744,967$0$02005falsefalseYes (true)Yes (true)
C$50,000,000$275,195,000$336,035,127$0$0$0$1,575,675$0$0$334,459,512$0$02010falsefalseYes (true)Yes (true)
D$0$178,460,000$276,649,117$0$0$0$1,558,146$0$0$275,090,971$0$02010falsefalseYes (true)Yes (true)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndEngage Bond Counsel ContractsEngageBondCounselContractsIndAny Research AgreementsAnyResearchAgreementsIndEngage Bond Counsel ResearchEngageBondCounselResearchIndPrivate Bus Use By OthersPrivateBusUseByOthersPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
AfalsefalseYes (true)falseYes (true)false0.0110.011falsefalseYes (true)
BfalsefalseYes (true)falseYes (true)false0.0190.019falsefalseYes (true)
CfalsefalseYes (true)falseYes (true)false0.0120.012falsefalseYes (true)
DfalsefalseYes (true)falseYes (true)false0.0320.032falsefalseYes (true)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndException To RebateExceptionToRebateIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
AfalseYes (true)falsefalsefalsefalseYes (true)
BfalseYes (true)falsefalsefalsefalseYes (true)
CfalseYes (true)falsefalsefalsefalseYes (true)
DfalseYes (true)falsefalsefalsefalseYes (true)

Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (true)
BYes (true)
CYes (true)
DYes (true)

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule K, Part III, Line 3b SCHEDULE K, PART III, LINE 3B & 3DMIT 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 SCHEDULE K, PART II, LINE 3TOTAL PROCEEDS ARE NOT IDENTICAL TO THE ISSUE PRICE LISTED IN PART I COLUMN (E) DUE TO INVESTMENT EARNINGS.
Schedule K, Part III, Line 4 SCHEDULE K, PART III, LINE 4PRIVATE 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) SCHEDULE K, PART I, LINE ADETAILS OF REFUNDED BOND ISSUES: HEFA SERIES L BOND (ISSUED MAY 7, 2003) REFUNDED HEFA SERIES H BOND ISSUED ON APRIL 6, 1993. HEFA SERIES H BOND WAS USED FOR CONSTRUCTION AND TO REFUND HEFA SERIES D BOND ISSUED MAY 14,1980.

Schedule L IRS990ScheduleL

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CHILDREN'S SCHOLARSHIPBusinessNameLine1Txt
FieldValueIRS element (for citing)
Relationship With OrgCHILDREN OF QUALIFIED FACULTYRelationshipWithOrgTxt
Cash Grant$89,680CashGrantAmt
Type Of AssistanceSCHOLARSHIPTypeOfAssistanceTxt
Assistance PurposeSCHOLARSHIPAssistancePurposeTxt

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SEE PART VBusinessNameLine1Txt
FieldValueIRS element (for citing)
Relationship DescriptionSEE PART VRelationshipDescriptionTxt
TransactionSEE PART VTransactionDesc
Sharing Of RevenuesfalseSharingOfRevenuesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule L, Part III LINE 1 - CHILDREN'S SCHOLARSHIPSALTHOUGH 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 IVMS. PAMELA EVANS IS A RESEARCH GROUP LEADER AT MIT LINCOLN LABORATORY. MS. EVANS IS A FAMILY MEMBER OF A MIT KEY EMPLOYEE. IN FY 2015, SHE RECEIVED COMPENSATION AND BENEFITS IN THE AMOUNT OF $249,715.

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution13ContributionCnt
Noncash Contributions Rpt F990$4,500NoncashContributionsRptF990Amt
Method Of Determining RevenuesOpinions of expertsMethodOfDeterminingRevenuesTxt

Books And Publications BooksAndPublicationsGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Noncash Contributions Rpt F990$0NoncashContributionsRptF990Amt
Method Of Determining RevenuesNONEMethodOfDeterminingRevenuesTxt

Clothing And Household Goods ClothingAndHouseholdGoodsGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Noncash Contributions Rpt F990$0NoncashContributionsRptF990Amt
Method Of Determining RevenuesNONEMethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1021ContributionCnt
Noncash Contributions Rpt F990$39,219,349NoncashContributionsRptF990Amt
Method Of Determining RevenuesMarket valueMethodOfDeterminingRevenuesTxt

Securities Miscellaneous SecuritiesMiscellaneousGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution8ContributionCnt
Noncash Contributions Rpt F990$786,964NoncashContributionsRptF990Amt
Method Of Determining RevenuesMarket valueMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (3 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)EQUIPMENT11$254,756Market value
Yes (X)ARCHIVAL RECORDS13$0NONE
Yes (X)OTHER9$0NONE
FieldValueIRS element (for citing)
Form8283 Received5Form8283ReceivedCnt
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (true)ReviewProcessUnusualNCGiftsInd
Third Parties UsedYes (true)ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule M, Part I LINE 33MIT 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 contributionsMIT 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 contributionsArt - Works of art: NUMBER OF CONTRIBUTIONS Securities - Publicly traded: NUMBER OF ITEMS Securities - Miscellaneous: NUMBER OF ITEMS Other: NUMBER OF CONTRIBUTIONS Other: NUMBER OF CONTRIBUTIONS Other: NUMBER OF CONTRIBUTIONS

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (12 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part III, Line 4d Description of other program services(Expenses $ 120,964,000 including grants of $ 5,637,000)(Revenue $ 230,140,000) 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 PART VI, LINE 1ATHE 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 PART VI, LINE 2CLAUDE CANIZARES AND ROBERT MILLARD ARE BOARD MEMBERS OF L-3 COMMUNICATIONS, INC. 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 bodyTHE 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 10b Monitoring compliance of local unit's activitiesTHE WRITTEN POLICIES AND PROCEDURES OF THE INSTITUTE APPLY TO ITS SUBSIDIARIES. THE ORGANIZATIONAL DOCUMENTS OF OTHER ORGANIZATIONS OVER WHICH MIT EXERCISES SUPERVISION AND CONTROL INCLUDE PROVISIONS THAT ALIGN THEIR MISSIONS WITH MIT'S MISSION.
Form 990, Part VI, Line 11b Review of form 990 by governing bodyMIT'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 policyMONITORING 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 officialTHE 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 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 employeesTHE 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 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 publicTHE 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 balancesNet change in life income funds - -19197000; Postretirement plan changes other than net periodic benefit costs - 13314000; Advance refunding/bond defeasance loss - -63028000; Gain recorded for right to use asset - 23675000;
Schedule J, Part I, Line 1a Personal servicesMIT 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 R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (60 entries)

Address Line1USAddress/AddressLine1TxtAddress Line2USAddress/AddressLine2TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtAddress Line1ForeignAddress/AddressLine1TxtCityForeignAddress/CityNmCountryForeignAddress/CountryCdLegal Domicile Foreign CountryLegalDomicileForeignCountryCd
MIT Real Estate LLC
238 Main Streetc/o MITCambridgeMA01242810643869Real EstateMA$2,348,472$83,350,000Massachusetts Institute of Technology
MIT 130 Brookline LLC
238 Main Streetc/o MITCambridgeMA01242464339718Real EstateMA$2,321,521$46,950,000Massachusetts Institute of Technology
MIT 170171 Sidney LLC
238 Main Streetc/o MITCambridgeMA01242464653513Real EstateMA$148,012$4,080,000Massachusetts Institute of Technology
MIT 300 Third LLC
238 Main Streetc/o MITCambridgeMA01242464480264Real EstateMA$930,792$26,155,000Massachusetts Institute of Technology
MIT 770790 Memorial LLC
238 Main Streetc/o MITCambridgeMA01242464667544Real EstateMA$689,865$19,430,000Massachusetts Institute of Technology
MIT 99 Erie LLC
238 Main Streetc/o MITCambridgeMA01242464550283Real EstateMA$155,872$4,260,000Massachusetts Institute of Technology
MIT 195 Albany SPE LLC
238 Main Streetc/o MITCambridgeMA01242464453275Real EstateMA-$483,903$0Massachusetts Institute of Technology
MIT 207 Albany SPE LLC
238 Main Streetc/o MITCambridgeMA01242464467648Real EstateMA-$34,981$0Massachusetts Institute of Technology
MIT 8 Carleton Street LLC
238 Main Streetc/o MITCambridgeMA01242464523741Real EstateMA-$104,660$4,360,000Massachusetts Institute of Technology
MIT West 300 Block Mass Ave Fee Owner LLC
238 Main Streetc/o MITCambridgeMA01242464611506Real EstateMA$488,322$15,190,000Massachusetts Institute of Technology
MIT 128 Sidney SPE LLC
238 Main Streetc/o MITCambridgeMA01242464329881Real EstateMA$120$2,377Massachusetts Institute of Technology
MIT 148 Sidney SPE LLC
238 Main Streetc/o MITCambridgeMA01242464400934Real EstateMA$120$2,377Massachusetts Institute of Technology
MIT 149 Sidney SPE LLC
238 Main Streetc/o MITCambridgeMA01242464439009Real EstateMA$120$2,377Massachusetts Institute of Technology
MIT 640 Memorial SPE LLC
238 Main Streetc/o MITCambridgeMA01242464596884Real EstateMA$10$200Massachusetts Institute of Technology
MIT One Broadway Fee Owner LLC
238 Main Streetc/o MITCambridgeMA01242464562852Real EstateMA$120$1,407,359Massachusetts Institute of Technology
MIT 177 Massachusetts Avenue LLC
238 Main Streetc/o MITCambridgeMA01242464289160Real EstateMA$10$198Massachusetts Institute of Technology
MIT 650 Main Street LLC
238 Main Streetc/o MITCambridgeMA01242042103594Real EstateMA$360$7,313Massachusetts Institute of Technology
MIT 424-456 Massachusetts Avenue LLC
238 Main Streetc/o MITCambridgeMA01242464493299Real EstateMA$10$201Massachusetts Institute of Technology
MIT 281-295 Albany Street LLC
238 Main Streetc/o MITCambridgeMA01242464307186Real EstateMA$10$202Massachusetts Institute of Technology
MIT 12 Emily Street LLC
238 Main Streetc/o MITCambridgeMA01242464268263Real EstateMA$10$202Massachusetts Institute of Technology
134 Massachusetts Avenue Fee Owner LLC
238 Main Streetc/o MITCambridgeMA01242464682035Real EstateMA$120$2,438Massachusetts Institute of Technology
MIT 620 Memorial LLC
238 Main Streetc/o MITCambridgeMA01242464238931Real EstateMA$10$203Massachusetts Institute of Technology
MIT 128 Sidney Leasehold LLC
238 Main Streetc/o MITCambridgeMA01242464318943Real EstateMA$2,049,257$25,000,000Massachusetts Institute of Technology
MIT 148 Sidney Leasehold LLC
238 Main Streetc/o MITCambridgeMA01242464350211Real EstateMA$507,766$9,500,000Massachusetts Institute of Technology
MIT 149 Sidney Leasehold LLC
238 Main Streetc/o MITCambridgeMA01242464419735Real EstateMA$1,648,665$23,270,000Massachusetts Institute of Technology
MIT 640 Memorial Leasehold LLC
238 Main Streetc/o MITCambridgeMA01242461548002Real EstateMA$1,437,447$0Massachusetts Institute of Technology
MIT One Broadway LLC
238 Main Streetc/o MITCambridgeMA01242464581832Real EstateMA$9,325,321$187,000,000Massachusetts Institute of Technology
177 Massachusetts Avenue Leasehold LLC
238 Main Streetc/o MITCambridgeMA01242464279029Real EstateMA$10,568,041$308,750,000Massachusetts Institute of Technology
650 Main Street Leasehold LLC
238 Main Streetc/o MITCambridgeMA01242042103594Real EstateMA$0$0Massachusetts Institute of Technology
424-456 Massachusetts Avenue Leasehold LLC
238 Main Streetc/o MITCambridgeMA01242464509441Real EstateMA$850,170$16,545,000Massachusetts Institute of Technology
281-295 Albany Street Leasehold LLC
238 Main Streetc/o MITCambridgeMA01242464298517Real EstateMA$1,144,488$20,750,000Massachusetts Institute of Technology
12 Emily Street Leasehold LLC
238 Main Streetc/o MITCambridgeMA01242464257627Real EstateMA$846,772$6,900,000Massachusetts Institute of Technology
134 Massachusetts Avenue Leasehold LLC
238 Main Streetc/o MITCambridgeMA01242464695223Real EstateMA$719,220$8,870,000Massachusetts Institute of Technology
610 Main Street South Leasehold LLC
238 Main Streetc/o MITCambridgeMA01242463904926Real EstateMA$6,777,632$247,400,000Massachusetts Institute of Technology
700 Main Street Leasehold LLC
238 Main Streetc/o MITCambridgeMA01242463910601Real EstateMA$6,970,807$146,600,000Massachusetts Institute of Technology
610-700 Main Garage Leasehold LLC
238 Main Streetc/o MITCambridgeMA01242463997167Real EstateMA$0$0Massachusetts Institute of Technology
MIT 351 Vassar LLC
238 Main Streetc/o MITCambridgeMA01242464168318Real EstateMA$15,302$1,500,000Massachusetts Institute of Technology
620 Memorial Leasehold LLC
238 Main Streetc/o MITCambridgeMA01242464249493Real EstateMA-$271,692$63,000,000Massachusetts Institute of Technology
610 Main Street North Leasehold LLC
238 Main Streetc/o MITCambridgeMA01242464624112Real EstateMA-$4,904$0Massachusetts Institute of Technology
MIT 636 Putnam Avenue LLC
238 Main Streetc/o MITCambridgeMA01242465619441Real EstateMA-$43,998$950,000Massachusetts Institute of Technology
MIT Site N LLC
238 Main Streetc/o MITCambridgeMA01242042103594Real EstateMA$0$1,202,040Massachusetts Institute of Technology
MIT Site P LLC
238 Main Streetc/o MITCambridgeMA01242042103594Real EstateMA$0$1,436,304Massachusetts Institute of Technology
MIT Site S LLC
238 Main Streetc/o MITCambridgeMA01242474560662Real EstateMA$0$276,488Massachusetts Institute of Technology
MIT Site Q LLC
238 Main Streetc/o MITCambridgeMA01242042103594Real EstateMA$0$0Massachusetts Institute of Technology
MIT 238 Main Street Leasehold LLC
238 Main Streetc/o MITCambridgeMA01242042103594Real EstateMA$0$0Massachusetts Institute of Technology
MIT 326-336 Main Street Leasehold LLC
238 Main Streetc/o MITCambridgeMA01242042103594Real EstateMA$0$0Massachusetts Institute of Technology
610 Main Street South Trustee LLC
238 Main Streetc/o MITCambridgeMA01242042103594Real EstateMA$0$0Massachusetts Institute of Technology
700 Main Street Trustee LLC
238 Main Streetc/o MITCambridgeMA01242042103594Real EstateMA$0$0Massachusetts Institute of Technology
610-700 Main Garage Trustee LLC
238 Main Streetc/o MITCambridgeMA01242042103594Real EstateMA$0$0Massachusetts Institute of Technology
MIT West 300 Block JV LLC
238 Main Streetc/o MITCambridgeMA01242042103594Real EstateMA-$2,385$33,520,000Massachusetts Institute of Technology
MIT East 300 Block JV LLC
238 Main Streetc/o MITCambridgeMA01242042103594Real EstateMA-$29$278,764Massachusetts Institute of Technology
Tech Square JV LLC
238 Main Streetc/o MITCambridgeMA01242205242541Real EstateMA$5,469,858$54,205,000Massachusetts Institute of Technology
Meadowlark Associates LLC
238 Main Streetc/o MITCambridgeMA01242042103594InvestmentsDE-$40,708,763$199,019,260Massachusetts Institute of Technology
Blue Jay Associates LLC
238 Main Streetc/o MITCambridgeMA01242042103594InvestmentsDE$0$0Massachusetts Institute of Technology
MIT Private Equity LLC
238 Main Streetc/o MITCambridgeMA01242043490003InvestmentsDE$19,932$71,924Massachusetts Institute of Technology
MIT Private Equity Management Company LLC
238 Main Streetc/o MITCambridgeMA01242043490002InvestmentsDE$61,664$116,648Massachusetts Institute of Technology
MIT Private Equity Management Company II LLC
238 Main Streetc/o MITCambridgeMA01242431964717InvestmentsDE$53,503$53,739Massachusetts Institute of Technology
MIT Private Equity Management Company III LLC
238 Main Streetc/o MITCambridgeMA01242204639870InvestmentsDE$513,451$513,738Massachusetts Institute of Technology
MIT Private Equity Management Company IV LLC
238 Main Streetc/o MITCambridgeMA01242261356780InvestmentsDE$153,301$159,878Massachusetts Institute of Technology
MIT Foundation UK Ltd
981192046MIT SupportMassachusetts Institute of Technology19 Norcott RoadLondonUKUK

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (9 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationInd
MIT ENTERPRISE FORUM INC
77 MASSACHUSETTS AVENUECAMBRIDGEMA02142042921492EDUCATIONMA501(c)(39TECHNOLOGY REVIEWYes (true)
MIT REAL ESTATE FOUNDATION INC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142043397800REAL ESTATEMA501(c)(3Type IMITYes (true)
TECHNOLOGY REVIEW INC
ONE MAIN STREET 7TH FLOORCAMBRIDGEMA02142954893200PUBLICATIONMA501(c)(3Type IMITYes (true)
TECHNOLOGY BROADCASTING CORPORATION
3 AMES STREETCAMBRIDGEMA02142237154684RADIOMA501(c)(39MITYes (true)
LORD FOUNDATION OF MASSACHUSETTS INC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142042748895MIT SUPPORTMA501(c)(3Type IMITYes (true)
MIT RETIREE WELFARE BENEFIT TRUST
77 MASSACHUSETTS AVENUE NE 49-31CAMBRIDGEMA02142043177556HEALTH BEN.MA501(c)(3Type IMITYes (true)
KENDALL PARTNERS I INC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142270565900TITLE HOLDMA501(c)(2MITYes (true)
THE MASSACHUSETTS GREEN HIGH PERFORMANCE
100 BIGELOW STREETHOLYOKEMA01040273014805RESEARCHMA501(c)(3Type INAfalse
MGHPCC HOLYOKE INC
100 BIGELOW STREETHOLYOKEMA01041452257442RESEARCHMA501(c)(3Type INAfalse

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (22 entries)

Address Line1ForeignAddress/AddressLine1TxtAddress Line2ForeignAddress/AddressLine2TxtCityForeignAddress/CityNmProvince Or StateForeignAddress/ProvinceOrStateNmCountryForeignAddress/CountryCdForeign PostalForeignAddress/ForeignPostalCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile Foreign CountryLegalDomicileForeignCountryCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtPredominant Income TypePredominantIncomeTypeTxtShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmtDisproportionate AllocationsDisproportionateAllocationsIndUBI Code VUBICodeVAmtGeneral Or Managing PartnerGeneralOrManagingPartnerIndOwnershipOwnershipPctAddress Line1USAddress/AddressLine1TxtAddress Line2USAddress/AddressLine2TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdLegal Domicile StateLegalDomicileStateCd
Alchemy Plan (Cambridge) LP
NoneNoneNoneNoneGKNone980203250InvestmentsUKMassachusetts Institute of TechnologyExcluded$172,531$1,958,441false$0false0.99
Northaven Partners III LP
133908626InvestmentsMassachusetts Institute of TechnologyExcluded-$85,904$3,154,352false$0false0.56NoneNoneNoneNY00000NY
Wexford MIT Energy II LP
760787877InvestmentsMassachusetts Institute of TechnologyExcluded$2,990,124$13,760,736false$0false0.91NoneNoneNoneDE00000DE
Wexford MIT Energy LP
800057801InvestmentsMassachusetts Institute of TechnologyExcluded-$21,779$2,621,059false$0false0.67NoneNoneNoneDE00000DE
Leviathan Real Estate Partners LLC
473349186InvestmentsMassachusetts Institute of TechnologyExcluded$0$0falsefalseNoneNoneNoneDE00000DE
MIT Investments 2009 LP
270896088InvestmentsMassachusetts Institute of TechnologyExcluded$130,257,825$721,161,472false$7,294,503Yes (true)0.92NoneNoneNoneDE00000DE
MIT Investments 2010 LP
270542081InvestmentsMassachusetts Institute of TechnologyExcluded$456,316,085$5,611,878,173false-$3,931,528Yes (true)1NoneNoneNoneDE00000DE
MIT Private Equity II LLC
753066771InvestmentsMassachusetts Institute of TechnologyExcluded$23,439$175,732false$1,079Yes (true)1NoneNoneNoneDE00000DE
MIT Private Equity III LLC
204639783InvestmentsMassachusetts Institute of TechnologyExcluded$70,348$337,906false$0Yes (true)1NoneNoneNoneDE00000DE
MIT Private Equity IV LLC
261356668InvestmentsMassachusetts Institute of TechnologyExcluded$15,178$122,504false-$517Yes (true)1NoneNoneNoneDE00000DE
Premia Fund I LLC
473300238InvestmentsMassachusetts Institute of TechnologyExcluded$0$0falsefalseNoneNoneNoneDE00000DE
MFPLA LP
453203773InvestmentsMIT Investments 2010 LPExcluded$34,880,083$366,238,925false$0false0.91NoneNoneNoneDE00000DE
Galileo TM LLC
990376894InvestmentsMIT Investments 2010 LPExcluded$6,882,647$117,975,786false$0false0.99NoneNoneNoneDE00000DE
Hephaestus Energy Fund LP
364747789InvestmentsMIT Investments 2010 LPExcluded$797,878$143,117,810false$0false1NoneNoneNoneDE00000DE
MD Investors Value Fund
300615514InvestmentsMIT Investments 2010 LPExcluded$35,367,663$203,078,328false$0false0.97NoneNoneNoneDE00000DE
Merckx Capital Partners LP
364711803InvestmentsMIT Investments 2010 LPExcluded$11,477,420$91,430,301false$0false0.85NoneNoneNoneDE00000DE
MGPLA LP
453625653InvestmentsMIT Investments 2010 LPExcluded$3,363,761$54,450,687false$0false0.94NoneNoneNoneDE00000DE
Greenlea Lane Capital Partners LP
260247078InvestmentsMIT Investments 2010 LPExcluded$636,517$13,058,647false$53,438false0.52NoneNoneNoneDE00000DE
Standard Partners Fund LP
371762191InvestmentsMIT Investments 2010 LPExcluded$3,284$4,987,042false$0false1NoneNoneNoneDE00000DE
China Omaha Partners LP
NoneNoneNoneNoneCJNoneInvestmentsCJMIT Investments 2010 LPExcluded$30,366$29,804,651false$0false0.99
Ithuba Investments LP
474243976InvestmentsMIT Investments 2010 LPExcluded$0$0falsefalseNoneNoneNoneDE00000DE
Mallard Fund LP
208974201InvestmentsMeadowlark Associates LLCExcluded-$40,708,763$119,099,260false$0false1NoneNoneNoneTX00000TX

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (19 entries)

Address Line1ForeignAddress/AddressLine1TxtAddress Line2ForeignAddress/AddressLine2TxtCityForeignAddress/CityNmProvince Or StateForeignAddress/ProvinceOrStateNmCountryForeignAddress/CountryCdForeign PostalForeignAddress/ForeignPostalCdPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile Foreign CountryLegalDomicileForeignCountryCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmtOwnershipOwnershipPctControlled OrganizationControlledOrganizationIndAddress Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdLegal Domicile StateLegalDomicileStateCdDirect Controlling NADirectControllingNACd
Gaoling Feeder II
PO Box 908 GT Mary Streetc/o Walkers Corporate Services LtdGeorgetownGrand CaymanCJKY19005InvestmentsCJMassachusetts Institute of TechnologyC Corporation$0$822,596,5131Yes (true)
Hyde Park Capital Limited
85 Gracechurch StreetLondonUKEC3V 0AAInvestmentsUKMassachusetts Institute of TechnologyC Corporation$0$5,715,3891Yes (true)
MIT EndowmentPatron Scotland LP
50 Lothian Road Festival SquareEdinburghMidlothianUKEH3 9BYInvestmentsUKMITPatron GP LimitedC Corporation$651,215$6,215,9361Yes (true)
MIT Patron GP Limited
50 Lothian Road Festival SquareEdinburghMidlothianUKEH3 9BYInvestmentsUKMassachusetts Institute of TechnologyC Corporation$0$01Yes (true)
The Gallinule Fund
PO Box 309 Ugland Housec/o Maples Corporate Services LtdGeorgetownGrand CaymanCJKY11104InvestmentsCJMIT Investments 2010 LPC Corporation$83,626,300$158,782,9221Yes (true)
ABG Capital
4th Floor Raffles Towerco Apex Fund Services Mauritius LtdCybercityEbene 19MPInvestmentsMPMIT Investments 2010 LPC Corporation$9,592,279$238,719,1341Yes (true)
Charles-Lim AsiaGlobal Limited
PO Box 173c/o Maples Corp Svcs BVI LtdKingston Chambers Road TownTortolaVIInvestmentsVIMIT Investments 2010 LPC Corporation$0$196,654,4960.9Yes (true)
Foxhaven Capital (Offshore) Ltd
PO Box 309 Ugland Housec/o Maples Corporate Services LtdGeorgetownGrand CaymanCJKY11104InvestmentsCJMIT Investments 2010 LPC Corporation$0$101,026,1430.63Yes (true)
Admetos Assets Limited
Trident Trust Co BVI LtdTrident Chambers PO Box 146Road TownTortolaVIInvestmentsVIMIT Investments 2010 LPC Corporation$0$20,699,3821Yes (true)
MIT Press Limited
Lion House Red Lion StreetLondonUKWC1R 4GBPublicationUKMassachusetts Institute of TechnologyC Corporation-$32,568$137,3051Yes (true)
Singapore-MIT Alliance for Research and Technology
1 Create Way10-01 Create TowerSingaporeSN138602ResearchSNMassachusetts Institute of TechnologyC Corporation$0$38,975,0581Yes (true)
Bose Corporation
Product DevelopmentC Corporation$0$0falseThe MountainFraminghamMA01701MAN/A
MIT Charitable Remainder Trusts (323)
InvestmentsTrustMAN/A
MIT Charitable Lead Trust (1)
InvestmentsTrustMAN/A
MIT Pooled Income Funds (3)
InvestmentsTrustMAN/A
Outside Charitable Remainder Trusts (25)
InvestmentsTrustN/A
Outside Charitable Lead Trust (1)
InvestmentsTrustN/A
Outside Perpetual Trust (19)
InvestmentsTrustN/A
MIT India Trust
InvestmentsINIndia Institutional Fund LLCTrust$0$1,6481Yes (true)
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (true)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (true)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (true)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationYes (true)DivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (true)PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (true)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (true)ReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (true)TransferToOtherOrgInd
Transfer From Other OrgYes (true)TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (24 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
Singapore-MIT Alliance for Research & Technology Centre
C$11,894,000CASH
Singapore-MIT Alliance for Research & Technology Centre
Q$4,993,000CASH
Technology Review Inc
D$4,542,000CASH
Technology Review Inc
P$1,451,000CASH
Bose Corporation
F$3,007,000FMV
MIT Press Ltd
M$576,000CASH
MIT Press Ltd
S$314,000CASH
Lord Foundation of Massachusetts Inc
R$1,038,000CASH
MIT Investments 2009 LP
B$64,598,521CASH
MIT Investments 2010 LP
B$1,492,999,795CASH
Galileo TM LLC
B$14,000,000CASH
Hephaestus Energy Fund LP
B$105,025,806CASH
Merckx Capital Partners LP
B$11,776,694CASH
China Omaha Partners LP
B$30,000,000CASH
Mallard Fund LP
B$31,000,000CASH
ABG Capital
B$229,151,324CASH
Charles-Lim AsiaGlobal Limited
B$145,000,000CASH
Admetos Assets Limited
B$19,999,232CASH
Alchemy Plan (Cambridge) LP
R$5,543,745CASH
Wexford MIT Energy II LP
R$1,818,182CASH
MIT Investments 2009 LP
R$203,607,934CASH
MIT Investments 2010 LP
R$332,652,794CASH
MD Investors Value Fund
R$15,000,000CASH
ABG Capital
R$9,592,279CASH

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule R, Part IV SCHEDULE R, PART IVMIT 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 SCHEDULE R, PART IIAS 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.