MASSACHUSETTS INSTITUTE OF TECHNOLOGY: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
MASSACHUSETTS INSTITUTE OF TECHNOLOGY (EIN 04-2103594)
Tax period
2013-07-01 to 2014-06-30
Filed
2015-05-14
IRS object ID
201511349349304781
Schema version
2013v4.0
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)
Return2015-05-14T14:02:26-05:00ReturnTs
Tax Period End2014-06-30TaxPeriodEndDt
Return Type990ReturnTypeCd
Tax Period Begin2013-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN042103594EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MASSACHUSETTS INSTITUTE OF TECHNOLOGYBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlMASSBusinessNameControlTxt
Phone6172532777PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line177 MASSACHUSETTS AVENUE NE49-3142AddressLine1
CityCambridgeCity
StateMAState
ZIP Code021394307ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonISRAEL RUIZPersonNm
Person TitleEXECUTIVE VP & TREASURERPersonTitleTxt
Signature2015-05-14SignatureDt
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990 IRS990

Principal Ofcr Business Address PrincipalOfcrBusinessAddress

FieldValueIRS element (for citing)
Business Name Line1L RAFAEL REIFBusinessNameLine1

US Address USAddress

FieldValueIRS element (for citing)
Address Line177 MASSACHUSETTS AVENUEAddressLine1
CityCambridgeCity
StateMAState
ZIP Code02139ZIPCode
FieldValueIRS element (for citing)
Gross Receipts$37,461,962,000GrossReceiptsAmt
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 Body14VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee23471TotalEmployeeCnt
Total Volunteers14589TotalVolunteersCnt
Total Gross UBI$15,664,000TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$23,809,643NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$817,616,000PYContributionsGrantsAmt
CY Contributions Grants$956,016,000CYContributionsGrantsAmt
PY Program Service Revenue$1,861,711,000PYProgramServiceRevenueAmt
CY Program Service Revenue$1,817,391,000CYProgramServiceRevenueAmt
PY Investment Income$731,033,000PYInvestmentIncomeAmt
CY Investment Income$969,651,000CYInvestmentIncomeAmt
PY Other Revenue$587,108,000PYOtherRevenueAmt
CY Other Revenue$327,607,000CYOtherRevenueAmt
PY Total Revenue$3,997,468,000PYTotalRevenueAmt
CY Total Revenue$4,070,665,000CYTotalRevenueAmt
PY Grants And Similar Paid$479,075,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$500,114,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,289,034,000PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,352,138,000CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$193,000PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$43,002,000CYTotalFundraisingExpenseAmt
PY Other Expenses$1,354,748,000PYOtherExpensesAmt
CY Other Expenses$1,299,487,000CYOtherExpensesAmt
PY Total Expenses$3,123,050,000PYTotalExpensesAmt
CY Total Expenses$3,151,739,000CYTotalExpensesAmt
PY Revenues Less Expenses$874,418,000PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$918,926,000CYRevenuesLessExpensesAmt
Total Assets BOY$17,675,782,000TotalAssetsBOYAmt
Total Assets EOY$20,337,912,000TotalAssetsEOYAmt
Total Liabilities BOY$3,767,239,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$4,256,964,000TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$13,908,543,000NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$16,080,948,000NetAssetsOrFundBalancesEOYAmt
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$1,251,631,000ExpenseAmt
Grant$80,281,000GrantAmt
Revenue$1,272,290,000RevenueAmt
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$777,382,000ExpenseAmt
Grant$145,990,000GrantAmt
Revenue$642,185,000RevenueAmt
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$271,299,000ExpenseAmt
Grant$271,299,000GrantAmt
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 2013-2014, 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$114,743,000ExpenseAmt
Grant$2,543,000GrantAmt
Revenue$212,172,000RevenueAmt
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$114,743,000TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$2,543,000TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue$212,172,000TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$2,415,055,000TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesYes (true)LobbyingActivitiesInd
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 FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
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 EntYes (true)BusinessRlnWithOfficerEntInd
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 Document24252IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee23471EmployeeCnt
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 CountryBDForeignCountryCd
Foreign CountryBRForeignCountryCd
Foreign CountryCJForeignCountryCd
Foreign CountryDAForeignCountryCd
Foreign CountryGRForeignCountryCd
Foreign CountryGKForeignCountryCd
Foreign CountryHUForeignCountryCd
Foreign CountryINForeignCountryCd
Foreign CountryISForeignCountryCd
Foreign CountryKSForeignCountryCd
Foreign CountryMYForeignCountryCd
Foreign CountryRPForeignCountryCd
Foreign CountryROForeignCountryCd
Foreign CountrySNForeignCountryCd
Foreign CountryTWForeignCountryCd
Foreign CountryTHForeignCountryCd
Foreign CountryTUForeignCountryCd
Foreign CountryUKForeignCountryCd
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 Filed1Form8282FiledCnt
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 Members14GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
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 Line1BASIL A STEWARTBusinessNameLine1
FieldValueIRS element (for citing)
Phone6172532777PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line177 MASSACHUSETTS AVENUE NE49-3142AddressLine1
CityCambridgeCity
StateMAState
ZIP Code02139ZIPCode

Form990 Part VII Section A Form990PartVIISectionAGrp (31 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
ISRAEL RUIZ
Executive VP & Treasurer60.002.00Yes (X)Yes (X)$523,841$0$48,742
JOHN S REED
Chairman of the Corporation30.002.00Yes (X)Yes (X)$276,557$0$3,831
L RAFAEL REIF
President60.002.00Yes (X)Yes (X)$783,877$0$107,197
A NEIL PAPPALARDO
Executive Committee Member5.000Yes (X)$0$0$0
ARTHUR J SAMBERG
Executive Committee Member5.000Yes (X)$0$0$0
BARRIE R ZESIGER
Executive Committee Member5.000Yes (X)$0$0$0
DENIS A BOVIN
Executive Committee Member5.001.00Yes (X)$0$0$0
DIANA CHAPMAN WALSH
Executive Committee Member5.000Yes (X)$0$0$0
HENRICUS A TERMEER
Executive Committee Member5.000Yes (X)$0$0$0
JAMES A CHAMPY
Executive Committee Member5.000Yes (X)$0$0$0
JOHN A THAIN
Executive Committee Member5.001.00Yes (X)$0$0$0
LAWRENCE K FISH
Executive Committee Member5.000Yes (X)$0$0$0
ROBERT B MILLARD
Executive Committee Member5.001.00Yes (X)$0$0$0
SUSAN E WHITEHEAD
Executive Committee Member5.000Yes (X)$0$0$0
KIRK KOLENBRANDER
VP & Secretary of the Corporation60.000Yes (X)$303,601$0$62,291
CHRIS KAISER
Provost (Outgoing)60.001.00$530,429$0$58,968Yes (X)
CLAUDE CANIZARES
VP60.000$349,949$0$56,210Yes (X)
CYNTHIA BARNHART
Chancellor (Incoming)60.001.00$277,510$0$72,667Yes (X)
ERIC EVANS
Director of Lincoln Laboratory60.000$438,052$0$61,346Yes (X)
JEFFREY NEWTON
VP of Resource Development60.000$413,969$0$53,086Yes (X)
MARIA ZUBER
VP for Research60.002.50$368,470$0$109,534Yes (X)
MARTIN SCHMIDT
Provost (Incoming)60.002.00$300,277$0$106,084Yes (X)
R GREGORY MORGAN
VP & General Counsel60.000$567,535$0$65,591Yes (X)
SETH ALEXANDER
President of MITIMCo60.002.00$1,360,610$0$50,220Yes (X)
W ERIC GRIMSON
Chancellor (Outgoing)60.001.00$328,789$0$70,820Yes (X)
DANIEL STEELE
Global Investment Professional60.000$718,778$0$64,735Yes (X)
DAVID SCHMITTLEIN
Dean Sloan School of Mgmt60.000$725,584$0$43,872Yes (X)
NELSON REPENNING
Professor Sloan School of Mgmt60.000$705,394$0$44,748Yes (X)
STEVEN MARSH
Managing Director - MITIMCo60.000$992,478$0$65,687Yes (X)
SUSAN HOCKFIELD
President Emerita & Professor60.000$710,014$0$98,924Yes (X)
PHILLIP CLAY
Professor40.000$344,051$0$33,016Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$11,019,762TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$1,277,572TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K3391IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (true)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1CityContractorAddress/USAddress/CityStateContractorAddress/USAddress/StateZIP CodeContractorAddress/USAddress/ZIPCodeServicesServicesDescCompensationCompensationAmt
BOND BROTHERS INC
145 SPRING STREETEVERETTMA02149CONSTRUCTION$24,369,989
BARR & BARR INC
260 COCHITUATE RDFRAMINGHAMMA01701CONSTRUCTION$12,721,084
ALEXANDRIA REAL ESTATE EQUITIES INC
700 TECHNOLOGY SQUARECAMBRIDGEMA02139MANAGEMENT$11,470,756
ELAINE CONSTRUCTION CO INC
1037 CHESTNUT STREETNEWTON UPPER FALLSMA02464CONSTRUCTION$7,043,213
BON APPETIT MANAGEMENT CO
100 HAMILTON AVENUE SUITE 400PALO ALTOCA94301MANAGEMENT$6,944,176
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K564CntrctRcvdGreaterThan100KCnt
Fundraising$180,000FundraisingAmt
Government Grants$413,704,000GovernmentGrantsAmt
All Other Contributions$542,132,000AllOtherContributionsAmt
Noncash Contributions$31,246,000NoncashContributionsAmt
Total Contributions$956,016,000TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
SPONSORED RESEARCH CONTRACTS900099$1,073,936,000$1,073,936,000
FEES AND SERVICES221000$101,270,000$97,841,000$3,429,000
OTHER PROGRAMS900099$37,448,000$37,448,000
TUITION900099$604,737,000$604,737,000
$0

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$1,817,391,000TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$83,436,000TotalRevenueColumnAmt
Unrelated Business Revenue$12,211,000UnrelatedBusinessRevenueAmt
Exclusion$71,225,000ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$75,065,000TotalRevenueColumnAmt
Exclusion$75,065,000ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$99,418,000RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$36,189,000RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$63,229,000RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$63,229,000TotalRevenueColumnAmt
Exclusion$63,229,000ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$34,241,227,000SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$33,355,012,000SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$886,215,000SecuritiesAmt
Other$0OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$886,215,000TotalRevenueColumnAmt
Exclusion$886,215,000ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$8,000FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$180,000ContriRptFundraisingEventAmt
Fundraising Direct Expenses$96,000FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$88,000TotalRevenueColumnAmt
Exclusion-$88,000ExclusionAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmtExclusionExclusionAmt
AUXILIARY ENTERPRISES511120$110,902,000$110,878,000$24,000
CHANGE IN LIFE INCOME FUNDS900099$24,101,000$24,101,000
PENSION-RELATED CHARGES900099$54,398,000$54,398,000

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$189,401,000OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,070,665,000TotalRevenueColumnAmt
Related Or Exempt Func Income$1,924,840,000RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$15,664,000UnrelatedBusinessRevenueAmt
Exclusion$1,174,145,000ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$456,000TotalAmt
Program Services$456,000ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$497,571,000TotalAmt
Program Services$497,571,000ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$2,087,000TotalAmt
Program Services$2,087,000ProgramServicesAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$7,759,000TotalAmt
Program Services$1,381,000ProgramServicesAmt
Management And General$5,879,000ManagementAndGeneralAmt
Fundraising$499,000FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$238,000TotalAmt
Program Services$238,000ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,059,280,000TotalAmt
Program Services$843,527,000ProgramServicesAmt
Management And General$190,110,000ManagementAndGeneralAmt
Fundraising$25,643,000FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$69,775,000TotalAmt
Program Services$56,183,000ProgramServicesAmt
Management And General$12,816,000ManagementAndGeneralAmt
Fundraising$776,000FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$142,217,000TotalAmt
Program Services$111,594,000ProgramServicesAmt
Management And General$25,848,000ManagementAndGeneralAmt
Fundraising$4,775,000FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$72,869,000TotalAmt
Program Services$58,674,000ProgramServicesAmt
Management And General$13,384,000ManagementAndGeneralAmt
Fundraising$811,000FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$42,380,000TotalAmt
Program Services$25,227,000ProgramServicesAmt
Management And General$17,153,000ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$22,062,000TotalAmt
Program Services$882,000ProgramServicesAmt
Management And General$21,180,000ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$1,932,000TotalAmt
Program Services$17,000ProgramServicesAmt
Management And General$1,915,000ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$10,133,000TotalAmt
Management And General$10,133,000ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$61,387,000TotalAmt
Program Services$32,011,000ProgramServicesAmt
Management And General$29,376,000ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$10,160,000TotalAmt
Program Services$8,636,000ProgramServicesAmt
Management And General$1,524,000ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$29,005,000TotalAmt
Program Services$18,541,000ProgramServicesAmt
Management And General$9,366,000ManagementAndGeneralAmt
Fundraising$1,098,000FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$34,777,000TotalAmt
Program Services$25,738,000ProgramServicesAmt
Management And General$8,168,000ManagementAndGeneralAmt
Fundraising$871,000FundraisingAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$25,022,000TotalAmt
Program Services$12,436,000ProgramServicesAmt
Management And General$12,586,000ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$34,060,000TotalAmt
Program Services$27,243,000ProgramServicesAmt
Management And General$6,774,000ManagementAndGeneralAmt
Fundraising$43,000FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$77,600,000TotalAmt
Program Services$67,646,000ProgramServicesAmt
Management And General$6,954,000ManagementAndGeneralAmt
Fundraising$3,000,000FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$41,488,000TotalAmt
Program Services$35,938,000ProgramServicesAmt
Management And General$4,319,000ManagementAndGeneralAmt
Fundraising$1,231,000FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$110,795,000TotalAmt
Program Services$98,162,000ProgramServicesAmt
Management And General$12,520,000ManagementAndGeneralAmt
Fundraising$113,000FundraisingAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$1,876,000TotalAmt
Program Services$1,876,000ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$137,515,000TotalAmt
Program Services$119,611,000ProgramServicesAmt
Management And General$17,713,000ManagementAndGeneralAmt
Fundraising$191,000FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$56,964,000TotalAmt
Program Services$45,517,000ProgramServicesAmt
Management And General$11,447,000ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
SUBRECIPIENT AGREEMENTS$120,619,000$120,619,000
FACILITIES CHARGES$100,438,000$50,245,000$47,739,000$2,454,000
EQUIPMENT RENTAL AND MAINTENANCE$73,441,000$59,150,000$14,175,000$116,000
UTILITIES$45,296,000$38,011,000$7,225,000$60,000

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$262,537,000TotalAmt
Program Services$55,838,000ProgramServicesAmt
Management And General$205,378,000ManagementAndGeneralAmt
Fundraising$1,321,000FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$3,151,739,000TotalAmt
Program Services$2,415,055,000ProgramServicesAmt
Management And General$693,682,000ManagementAndGeneralAmt
Fundraising$43,002,000FundraisingAmt

Total Joint Costs TotalJointCostsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$263,805,000BOYAmt
EOY$281,363,000EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,526,544,000BOYAmt
EOY$2,691,413,000EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$472,593,000BOYAmt
EOY$555,662,000EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$168,092,000BOYAmt
EOY$195,031,000EOYAmt

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
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$49,484,000BOYAmt
EOY$48,169,000EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$5,998,000BOYAmt
EOY$6,506,000EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$102,192,000BOYAmt
EOY$114,812,000EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$3,874,865,000LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,255,077,000LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$2,516,085,000BOYAmt
EOY$2,619,788,000EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$982,309,000BOYAmt
EOY$1,420,680,000EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$11,588,180,000BOYAmt
EOY$12,403,988,000EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

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$17,675,782,000BOYAmt
EOY$20,337,912,000EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$471,050,000BOYAmt
EOY$504,032,000EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$67,640,000BOYAmt
EOY$59,955,000EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,441,940,000BOYAmt
EOY$1,382,589,000EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

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

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$986,275,000BOYAmt
EOY$1,536,312,000EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$800,334,000BOYAmt
EOY$774,076,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,767,239,000BOYAmt
EOY$4,256,964,000EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$5,551,287,000BOYAmt
EOY$6,520,412,000EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$5,644,291,000BOYAmt
EOY$6,718,225,000EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,712,965,000BOYAmt
EOY$2,842,311,000EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$13,908,543,000BOYAmt
EOY$16,080,948,000EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$17,675,782,000BOYAmt
EOY$20,337,912,000EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$918,926,000ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$1,253,479,000NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
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$688,550,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$970,793,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$894,547,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$817,616,000CurrentTaxYearMinus1YearAmt
Current Tax Year$956,016,000CurrentTaxYearAmt
Total$4,327,522,000TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$688,550,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$970,793,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$894,547,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$817,616,000CurrentTaxYearMinus1YearAmt
Current Tax Year$956,016,000CurrentTaxYearAmt
Total$4,327,522,000TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$140,007,680SubstantialContributorsTotAmt
Public Support Total170$4,187,514,320PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$243,583,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$275,608,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$269,941,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$231,493,000CurrentTaxYearMinus1YearAmt
Current Tax Year$257,919,000CurrentTaxYearAmt
Total$1,278,544,000TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

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$5,606,066,000TotalSupportAmt
Gross Receipts Rltd Activities$9,624,144,000GrossReceiptsRltdActivitiesAmt
Public Support CY1700.74700PublicSupportCY170Pct
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 MembersYes (true)MailingsMembersInd
Publications Or BroadcastfalsePublicationsOrBroadcastInd
Grants Other OrganizationsfalseGrantsOtherOrganizationsInd
Direct Contact LegislatorsYes (true)DirectContactLegislatorsInd
Direct Contact Legislators$159,554DirectContactLegislatorsAmt
Rallies DemonstrationsfalseRalliesDemonstrationsInd
Other ActivitiesYes (true)OtherActivitiesInd
Other Activities$10,000OtherActivitiesAmt
Total Lobbying Expenditures$169,554TotalLobbyingExpendituresAmt
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
ExplanationLINE 1B, 1D, & 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 2014 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

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$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 Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

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 Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

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

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$8,151,805,000BeginningYearBalanceAmt
Contributions$61,779,000ContributionsAmt
Investment Earnings Or Losses$768,418,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$104,997,000GrantsOrScholarshipsAmt
Other Expenditures$396,737,000OtherExpendituresAmt
Administrative Expenses$16,810,000AdministrativeExpensesAmt
End Year Balance$8,463,458,000EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.29460BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.21530PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.49010TermEndowmentBalanceEOYPct
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$63,308,000OtherCostOrOtherBasisAmt
Book Value$63,308,000BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,448,973,000OtherCostOrOtherBasisAmt
Depreciation$1,195,950,000DepreciationAmt
Book Value$2,253,023,000BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$64,733,000OtherCostOrOtherBasisAmt
Depreciation$375,000DepreciationAmt
Book Value$64,358,000BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$297,851,000OtherCostOrOtherBasisAmt
Depreciation$58,752,000DepreciationAmt
Book Value$239,099,000BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$2,619,788,000TotalBookValueLandBuildingsAmt

Financial Derivatives FinancialDerivativesGrp

FieldValueIRS element (for citing)
Book Value$0BookValueAmt

Closely Held Equity Interests CloselyHeldEquityInterestsGrp

FieldValueIRS element (for citing)
Book Value$0BookValueAmt

Other Securities OtherSecuritiesGrp (8 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
INTEREST RATE SWAPS-$26,722,000F
ABSOLUTE RETURN$1,643,868,000F
OTHER$9,221,000F
SPLIT INTEREST AGREEMENTS$147,182,000F
EQUITIES$6,939,351,000F
FIXED INCOME$285,815,000F
MINORITY INTERESTS$287,825,000F
REAL ESTATE & REAL ASSETS$3,117,448,000F
FieldValueIRS element (for citing)
Total Book Value Securities$12,403,988,000TotalBookValueSecuritiesAmt
Federal Income Tax Liability$0FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)

DescDescAmtAmt
ADVANCE PAYMENTS$386,367,000
NONCONTROLLING INTERESTS$287,825,000
ACCRUED BENEFITS$48,830,000
DEFERRED REVENUE AND OTHER CREDITS$16,017,000
GOVERNMENT ADVANCES$35,037,000
FieldValueIRS element (for citing)
Total Liability$774,076,000TotalLiabilityAmt
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, 2014, 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 (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule E, Part I, Line 3, Racially nondiscriminatory policySEE NEXT PAGE
SCHEDULE E, PART I, LINE 3, PART I, LINE 3PART I, LINE 3 MIT'S PROSPECTIVE STUDENTS CAN FIND THE INSTITUTE'S RACIALLY NONDISCRIMINATORY POLICY AT ANY TIME DURING THE ADMISSION PROCESS AND THROUGHOUT THE ENTIRE ACADEMIC YEAR AT HTTP://MITADMISSIONS.ORG/PAGES/POLICIES. MIT'S RACIALLY NONDISCRIMINATORY POLICY FOR THE GENERAL COMMUNITY CAN BE FOUND IN MIT'S POLICIES & PROCEDURES 7.1.1. 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 NON-DISCRIMINATORY POLICY AS TO STUDENTS KNOWN TO ALL SEGMENTS OF THE GENERAL COMMUNITY IT SERVES BY INCLUDING A STATEMENT OF ITS RACIALLY NON-DISCRIMINATORY 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 6a, Financial aid or assistance from a governmental agencyMIT 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 (35 entries)

RegionRegionTxtType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmtEmployeeEmployeeCntOfficesOfficesCnt
EAST ASIA AND THE PACIFICPROGRAM SERVICESSUBRECIPIENT AGREEMENTS$4,253,565
EUROPE (INCLUDING ICELAND AND GREENLAND)PROGRAM SERVICESSUBRECIPIENT AGREEMENTS$3,769,480
NORTH AMERICA (CANADA & MEXICO ONLY)PROGRAM SERVICESSUBRECIPIENT AGREEMENTS$284,157
SOUTH ASIAPROGRAM SERVICESSUBRECIPIENT AGREEMENTS$400,551
SUB-SAHARAN AFRICAPROGRAM SERVICESSUBRECIPIENT AGREEMENTS$340,524
CENTRAL AMERICA AND THE CARIBBEANGRANTMAKING$21,729
EAST ASIA AND THE PACIFICGRANTMAKING$342,625
EUROPE (INCLUDING ICELAND AND GREENLAND)GRANTMAKING$742,603
MIDDLE EAST AND NORTH AFRICAGRANTMAKING$300,447
NORTH AMERICA (CANADA & MEXICO ONLY)GRANTMAKING$101,396
RUSSIA AND NEIGHBORING STATESGRANTMAKING$57,775
SOUTH ASIAGRANTMAKING$165,150
SUB-SAHARAN AFRICAGRANTMAKING$72,473
SOUTH AMERICAGRANTMAKING$237,020
EAST ASIA AND THE PACIFICFUNDRAISING$1,043,27011
EUROPE (INCLUDING ICELAND AND GREENLAND)FUNDRAISING$819,1179
MIDDLE EAST AND NORTH AFRICAFUNDRAISING$35,0721
NORTH AMERICA (CANADA & MEXICO ONLY)FUNDRAISING$71,7344
RUSSIA AND NEIGHBORING STATESFUNDRAISING$2,758
SOUTH AMERICAFUNDRAISING$192,6483
SOUTH ASIAFUNDRAISING$76,7191
SUB-SAHARAN AFRICAFUNDRAISING$8,0831
CENTRAL AMERICA AND THE CARIBBEANPROGRAM SERVICES$313,306
EAST ASIA AND THE PACIFICPROGRAM SERVICESEDUCATION/RESEARCH$15,659,853441
EUROPE (INCLUDING ICELAND AND GREENLAND)PROGRAM SERVICESEDUCATION/RESEARCH$12,304,85512
MIDDLE EAST AND NORTH AFRICAPROGRAM SERVICESEDUCATION/RESEARCH$1,971,5221
NORTH AMERICA (CANADA & MEXICO ONLY)PROGRAM SERVICESEDUCATION/RESEARCH$1,221,958
RUSSIA AND NEIGHBORING STATESPROGRAM SERVICESEDUCATION/RESEARCH$2,197,895
SOUTH AMERICAPROGRAM SERVICESEDUCATION/RESEARCH$2,290,79231
SOUTH ASIAPROGRAM SERVICESEDUCATION/RESEARCH$1,742,593
SUB-SAHARAN AFRICAPROGRAM SERVICESEDUCATION/RESEARCH$1,139,424
CENTRAL AMERICA AND THE CARIBBEANINVESTMENTS$1,249,344,146
EUROPE (INCLUDING ICELAND AND GREENLAND)INVESTMENTS$164,279,041
NORTH AMERICA (CANADA & MEXICO ONLY)INVESTMENTS$3,156,070
SUB-SAHARAN AFRICAINVESTMENTS$136,551,787
FieldValueIRS element (for citing)
Total Office2TotalOfficeCnt
Total Employee90TotalEmployeeCnt
Total Spent$1,605,512,138TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp (2 entries)

RegionRegionTxtPurpose Of GrantPurposeOfGrantTxtCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxt
EUROPE (INCLUDING ICELAND AND GREENLAND)HONORARIA$7,200CHECK
EUROPE (INCLUDING ICELAND AND GREENLAND)HONORARIA$14,857CHECK
FieldValueIRS element (for citing)
Total Other Org2TotalOtherOrgCnt

Foreign Individuals Grants ForeignIndividualsGrantsGrp (41 entries)

Type Of AssistanceTypeOfAssistanceTxtRegionRegionTxtRecipientRecipientCntCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxt
PSCEAST ASIA AND THE PACIFIC4$16,000CHECK
PSCNORTH AMERICA (CANADA & MEXICO ONLY)1$6,450CHECK
PSCSOUTH AMERICA2$7,831CHECK
PSCSOUTH ASIA5$19,050CHECK
MISTICENTRAL AMERICA AND THE CARIBBEAN1$5,000CHECK
MISTIEAST ASIA AND THE PACIFIC71$228,114CHECK
MISTIEUROPE (INCLUDING ICELAND AND GREENLAND)249$566,811CHECK
MISTIMIDDLE EAST AND NORTH AFRICA121$283,625CHECK
MISTINORTH AMERICA (CANADA & MEXICO ONLY)22$24,025CHECK
MISTIRUSSIA AND NEIGHBORING STATES15$47,400CHECK
MISTISOUTH AMERICA46$215,353CHECK
HONORARIACENTRAL AMERICA AND THE CARIBBEAN1$1,250CHECK
HONORARIAEAST ASIA AND THE PACIFIC14$21,693CHECK
HONORARIAEUROPE (INCLUDING ICELAND AND GREENLAND)62$115,727CHECK
HONORARIAMIDDLE EAST AND NORTH AFRICA4$3,107CHECK
HONORARIANORTH AMERICA (CANADA & MEXICO ONLY)14$18,122CHECK
HONORARIARUSSIA AND NEIGHBORING STATES1$2,000CHECK
HONORARIASOUTH AMERICA4$4,600CHECK
HONORARIASOUTH ASIA3$2,000CHECK
PRIZES & AWARDSCENTRAL AMERICA AND THE CARIBBEAN3$9,780CHECK
PRIZES & AWARDSEAST ASIA AND THE PACIFIC60$72,260CHECK
PRIZES & AWARDSEUROPE (INCLUDING ICELAND AND GREENLAND)40$42,112CHECK
PRIZES & AWARDSMIDDLE EAST AND NORTH AFRICA14$10,774CHECK
PRIZES & AWARDSNORTH AMERICA (CANADA & MEXICO ONLY)33$41,436CHECK
PRIZES & AWARDSRUSSIA AND NEIGHBORING STATES3$3,207CHECK
PRIZES & AWARDSSOUTH AMERICA7$10,000CHECK
PRIZES & AWARDSSOUTH ASIA25$14,966CHECK
FELLOWSHIPSCENTRAL AMERICA AND THE CARIBBEAN4$7,674CHECK
FELLOWSHIPSEAST ASIA AND THE PACIFIC3$4,558CHECK
FELLOWSHIPSEUROPE (INCLUDING ICELAND AND GREENLAND)14$17,953CHECK
FELLOWSHIPSMIDDLE EAST AND NORTH AFRICA2$2,941CHECK
FELLOWSHIPSNORTH AMERICA (CANADA & MEXICO ONLY)6$11,363CHECK
FELLOWSHIPSRUSSIA AND NEIGHBORING STATES2$5,168CHECK
FELLOWSHIPSSOUTH ASIA2$7,067CHECK
FELLOWSHIPSSOUTH ASIA3$3,941CHECK
PSCSUB-SAHARAN AFRICA18$49,833CHECK
MISTISOUTH ASIA96$125,193CHECK
MISTISUB-SAHARAN AFRICA4$10,500CHECK
PSCCENTRAL AMERICA AND THE CARIBBEAN1$3,025CHECK
PRIZES & AWARDSSUB-SAHARAN AFRICA7$9,271CHECK
FELLOWSHIPSSUB-SAHARAN AFRICA6$13,369CHECK
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 (2 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 G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Name Of Event1MCDERMOTT GALANameOfEvent1Amt
Gross Receipts Event1$187,199GrossReceiptsEvent1Amt
Charitable Contri Event1$179,699CharitableContriEvent1Amt
Gross Revenue Event1$7,500GrossRevenueEvent1Amt
Rent Facility Costs Event1$2,444RentFacilityCostsEvent1Amt
Food And Beverage Event1$59,332FoodAndBeverageEvent1Amt
Entertainment Event1$2,405EntertainmentEvent1Amt
Other Direct Expenses Event1$31,429OtherDirectExpensesEvent1Amt
Gross Revenue Event2$0GrossRevenueEvent2Amt
Gross Revenue Other Events$0GrossRevenueOtherEventsAmt
Gross Receipts Total$187,199GrossReceiptsTotalAmt
Charitable Contributions Tot$179,699CharitableContributionsTotAmt
Gross Revenue Total Events$7,500GrossRevenueTotalEventsAmt
Cash Prizes Total Events$0CashPrizesTotalEventsAmt
Non Cash Prizes Total Events$0NonCashPrizesTotalEventsAmt
Rent Fclty Costs Total Events$2,444RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$59,332FoodAndBeverageTotalEventsAmt
Entertainment Total Events$2,405EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$31,429OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$95,610DirectExpenseSummaryEventsAmt
Net Income Summary-$88,110NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

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

Recipient Table RecipientTable (23 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
ALPHA DELTA PHI
351 MASS AVECAMBRIDGEMA02139501(C)(7)$12,709IRDF GRANT
ALPHA PHI
479 COMMONWEALTH AVEBOSTONMA02215501(C)(7)$26,433IRDF GRANT
BETA THETA PI
119-120 BAYSTATE ROADBOSTONMA02215501(C)(7)$21,301IRDF GRANT
CHI PHI
32 HEREFORD STBOSTONMA02215501(C)(7)$56,529IRDF GRANT
DELTA KAPPA EPSILON
403 MEMORIAL DRIVECAMBRIDGEMA02139501(C)(7)$12,501IRDF GRANT
MIT STUDENT HOUSE
111 BAY STATE ROAD BOSTON MA 02115BOSTONMA02215501(C)(7)$8,178IRDF GRANT
NU DELTA
460 BEACON STREETBOSTONMA02215501(C)(7)$13,180IRDF GRANT
PHI KAPPA SIGMA FRATERNITY
530 BEACON STREETBOSTONMA02215501(C)(7)$32,896IRDF GRANT
PIKA
69 CHESTNUT STREETCAMBRIDGEMA02139501(C)(7)$13,628IRDF GRANT
SIGMA ALPHA EPSILON
165 BAY STATE ROADBOSTONMA02215501(C)(7)$12,881IRDF GRANT
SIGMA KAPPA
480 COMMONWEALTH AVEBOSTONMA02215501(C)(7)$13,369IRDF GRANT
SIGMA NU
28 THE FENWAYBOSTONMA02215501(C)(7)$25,298IRDF GRANT
SIGMA PHI EPSILON
515 BEACON STREETBOSTONMA02215501(C)(7)$19,302IRDF GRANT
THETA CHI
528 BEACON STBOSTONMA02215501(C)(7)$11,336IRDF GRANT
THETA DELTA CHI
372 MEMORIAL DRIVECAMBRIDGEMA02139501(C)(7)$10,821IRDF GRANT
THETA XI
64 BAY STATE ROADBOSTONMA02215501(C)(7)$8,875IRDF GRANT
WILG
355 MASS AVECAMBRIDGEMA02474501(C)(7)$7,405IRDF GRANT
ZETA BETA TAU
58 MANCHESTER ROADBROOKLINEMA02446501(C)(7)$16,829IRDF GRANT
ALDEN GALLERIES INCORPORATED
387 WASHINGTON ST 801BOSTONMA02108$6,478PRIZE/AWARD
JOSTENS INC
148 EAST BROADWAYOWATONNAMN55060$5,940PRIZE/AWARD
SOLAR TURBINE GROUP INTERNATIONAL
PO BOX 426152CAMBRIDGEMA02142$10,070PRIZE/AWARD
UNIFIED SOLAR INC
550 MEMORIAL DRIVE 17C-2CAMBRIDGEMA02139$100,000PRIZE/AWARD
USB PROMOS
268 BUSH STREET NUMBER 4302SAN FRANCISCOCA94104$9,615PRIZE/AWARD
FieldValueIRS element (for citing)
Total501c3 Org0Total501c3OrgCnt
Total Other Org23TotalOtherOrgCnt

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

Grant TypeGrantTypeTxtRecipientRecipientCntNon Cash AssistanceNonCashAssistanceAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDescCash GrantCashGrantAmt
TUITION SUPPORT7476$343,098,000FMVAPPLIED TO STUDENTS' TUITION OBLIGATION
HONORARIA793$755,572
PRIZES AND AWARDS1154$2,076,416
PUBLIC SERVICE CENTER FELLOWSHIPS27$82,076
MIT STUDENT STIPENDS & FELLOWSHIPS2036$37,136,885
NON-MIT STUDENT FELLOWSHIPS & STIPENDS483$14,532,163
STUDENT WAGES8338$99,890,000

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule I, Part I, Line 2, Procedures for monitoring use of grant fundsFormAndLineReferenceDesc
ExplanationMIT 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 IRDF GRANT, THEY MUST GO THROUGH A RIGOROUS APPLICATION PROCESS. MIT GENERALLY DOES NOT MAKE DISBURSEMENTS TO INDIVIDUALS OR ORGANIZATIONS FOR CHARITABLE PURPOSES, EXCEPT THROUGH THE MIT COMMUNITY SERVICE FUND. THIS FUND'S RESOURCES COME PRIMARILY FROM CONTRIBUTIONS FROM MEMBERS OF THE MIT COMMUNITY. MIT DISBURSES THESE FUNDS FOR CHARITABLE PURPOSES INCLUDING SMALL GRANTS, INSUBSTANTIAL IN THE AGGREGATE, TO LOCALLY BASED CHARITABLE ORGANIZATIONS FOR THE PURPOSE OF FOSTERING BETTER COMMUNITY RELATIONS. PROCEDURES OF THE INSTITUTE WITH RESPECT TO ADMISSIONS, SCHOLARSHIPS, FELLOWSHIPS, AND STUDENT LOANS ARE PUBLICIZED IN THE INSTITUTE BULLETIN WHICH CONSTITUTES ITS CATALOGUE. GRANTS ARE MADE IN THE CONTEXT OF ACADEMIC OR RESEARCH PROGRAMS: RECIPIENTS SPEND THEIR GRANT FUNDS UNDER THE SUPERVISION OF THE PROGRAM AND ARE ACCOUNTABLE THROUGH THE PROGRAM FOR THE USE OF THE FUNDS.ExplanationTxt

Schedule J IRS990ScheduleJ

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 (20 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$274,913$0$0$0$1,644$0$0$0$3,831$0$280,388$0$0$0
L RAFAEL REIF
PRESIDENT$737,241$0$0$0$46,636$0$12,750$0$94,447$0$891,074$0$0$0
ISRAEL RUIZ
EXECUTIVE VP & TREASURER$501,816$0$0$0$22,025$0$22,950$0$25,792$0$572,583$0$0$0
KIRK KOLENBRANDER
VP & SECRETARY OF THE CORPORATION$301,347$0$0$0$2,254$0$33,150$0$29,141$0$365,892$0$0$0
PHILLIP CLAY
PROFESSOR$329,558$0$0$0$14,493$0$12,750$0$20,266$0$377,067$0$0$0
SETH ALEXANDER
PRESIDENT OF MITIMCO$574,774$0$754,083$0$31,753$0$22,950$0$27,270$0$1,410,830$0$0$0
CYNTHIA BARNHART
CHANCELLOR (INCOMING)$272,669$0$0$0$4,840$0$33,150$0$39,517$0$350,177$0$0$0
CLAUDE CANIZARES
VP$341,040$0$0$0$8,908$0$12,750$0$43,460$0$406,158$0$0$0
ERIC EVANS
DIRECTOR OF LINCOLN LABORATORY$421,492$0$0$0$16,560$0$33,150$0$28,196$0$499,398$0$0$0
W ERIC GRIMSON
CHANCELLOR (OUTGOING)$324,437$0$0$0$4,352$0$43,350$0$27,470$0$399,609$0$0$0
CHRIS KAISER
PROVOST (OUTGOING)$515,744$0$0$0$14,684$0$38,250$0$20,718$0$589,397$0$0$0
R GREGORY MORGAN
VP & GENERAL COUNSEL$540,845$0$0$0$26,691$0$38,250$0$27,341$0$633,126$0$0$0
JEFFREY NEWTON
VP OF RESOURCE DEVELOPMENT$400,137$0$0$0$13,832$0$48,450$0$4,636$0$467,055$0$0$0
MARTIN SCHMIDT
PROVOST (INCOMING)$299,714$0$0$0$563$0$33,150$0$72,934$0$406,361$0$0$0
MARIA ZUBER
VP FOR RESEARCH$338,665$0$24,155$0$5,651$0$38,250$0$71,284$0$478,004$0$0$0
STEVEN MARSH
MANAGING DIRECTOR - MITIMCO$456,051$0$518,127$0$18,300$0$38,250$0$27,437$0$1,058,165$0$0$0
NELSON REPENNING
PROFESSOR SLOAN SCHOOL OF MGMT$236,671$0$0$0$468,723$0$26,740$0$18,008$0$750,142$0$0$0
DAVID SCHMITTLEIN
DEAN SLOAN SCHOOL OF MGMT$683,961$0$0$0$41,623$0$38,250$0$5,622$0$769,456$0$0$0
DANIEL STEELE
GLOBAL INVESTMENT PROFESSIONAL$332,057$0$378,284$0$8,437$0$38,250$0$26,485$0$783,513$0$0$0
SUSAN HOCKFIELD
PRESIDENT EMERITA & PROFESSOR$658,971$0$0$0$51,044$0$48,450$0$50,474$0$808,939$0$0$0

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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. IN CALENDAR YEAR 2013, PRESIDENT REIF RESIDED ON THE MIT CAMPUS RESIDENCE FOR ELEVEN OUT OF TWELVE MONTHS OF THE YEAR. 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 $73,700 FOR PRESIDENT REIF IN CALENDAR YEAR 2013. 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 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 J, Part I, Line 4b, Supplemental nonqualified retirement planAS 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 2013. 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 paymentsTHE 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 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 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 REPENNING AND SCHMITTLEIN.

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/REFUNDfalsefalsefalse
MASSACHUSETTS HEALTH & EDUCATIONAL FAC
B04245601157586CBP92004-04-02$150,854,243CONSTRUCTION AND RENOVATIONfalsefalsefalse
MASSACHUSETTS HEALTH & EDUCATIONAL FAC
C04245601157586C8G32008-08-13$334,995,460CONSTRUCTION AND RENOVATIONfalsefalsefalse
MASSACHUSETTS HEALTH & EDUCATIONAL FAC
D04245601157586ECM12009-01-08$274,996,289CONSTRUCTION AND RENOVATIONfalsefalsefalse

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$0$0$151,599,210$0$0$0$854,243$0$0$150,744,967$0$02005falsefalseYes (true)Yes (true)
C$0$0$336,035,127$0$0$0$1,575,675$0$0$334,459,512$0$02010falsefalseYes (true)Yes (true)
D$0$0$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 OthersPrivateBusUseByOthersPctPrivate Bus Concerning UBIPrivateBusConcerningUBIPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
AfalsefalseYes (true)falseYes (true)false0.019000.000000.01900falsefalseYes (true)
BfalsefalseYes (true)falseYes (true)false0.019000.01900falsefalseYes (true)
CfalsefalseYes (true)falseYes (true)false0.012000.01200falsefalseYes (true)
DfalsefalseYes (true)falseYes (true)false0.033000.000000.03300falsefalseYes (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 ReqsWrittenProcToMonitorReqsIndTerm Of HedgeTermOfHedgePctTerm Of GICTermOfGICPct
AfalseYes (true)falsefalsefalsefalseYes (true)
BfalseYes (true)falsefalsefalsefalseYes (true)
CfalseYes (true)falsefalsefalsefalseYes (true)0.00.0
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 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 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 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 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 IRS990ScheduleK

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SUSAN HOCKFIELDBusinessNameLine1
FieldValueIRS element (for citing)
Relationship With OrgPRESIDENT EMERITA & PROFESSORRelationshipWithOrgTxt
Loan PurposeMORTGAGELoanPurposeTxt
Loan From OrganizationYes (X)LoanFromOrganizationInd
Original Principal$500,000OriginalPrincipalAmt
Balance Due$500,000BalanceDueAmt
DefaultfalseDefaultInd
Board Or Committee ApprovalYes (true)BoardOrCommitteeApprovalInd
Written AgreementYes (true)WrittenAgreementInd
FieldValueIRS element (for citing)
Total Balance Due$500,000TotalBalanceDueAmt

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CHILDREN'S SCHOLARSHIPBusinessNameLine1
FieldValueIRS element (for citing)
Relationship With OrgCHILDREN OF QUALIFIED FACULTYRelationshipWithOrgTxt
Cash Grant$155,235CashGrantAmt
Type Of AssistanceSCHOLARSHIPTypeOfAssistanceTxt
Assistance PurposeSCHOLARSHIPAssistancePurposeTxt

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 IVTHE FOLLOWING ARE ARM'S LENGTH TRANSACTIONS BETWEEN MIT AND 3RD PARTIES WHERE AN MIT OFFICER, DIRECTOR, TRUSTEE, KEY EMPLOYEE OR HIGHLY-COMPENSATED INDIVIDUAL SERVED ON THE BOARD OF DIRECTORS OF THE 3RD PARTY OR OWNED GREATER THAN 10% OF THE 3RD PARTY. CLAUDE CANIZARES IS A KEY EMPLOYEE AND ROBERT MILLARD IS A MEMBER OF THE EXECUTIVE COMMITTEE OF MIT. BOTH ARE ALSO ON THE BOARD OF L-3 COMMUNICATIONS. MIT PROCURED EQUIPMENT FROM L-3 COMMUNICATIONS IN THE AMOUNT OF $2,392,815. MIT ALSO RECEIVED SPONSORED RESEARCH REVENUE FROM L-3 COMMUNICATIONS IN THE AMOUNT OF $64,745. L. RAFAEL REIF IS THE PRESIDENT OF MIT AND A MEMBER OF THE BOARD OF SCHLUMBERGER LIMITED. MIT RECEIVED SPONSORED RESEARCH REVENUE FROM SCHLUMBERGER LIMITED IN THE AMOUNT OF $1,756,332. JAMES CHAMPY IS A MEMBER OF THE MIT EXECUTIVE COMMITTEE AND IS ALSO A MEMBER OF THE BOARD OF ANALOG DEVICES, INC. MIT RECEIVED SPONSORED RESEARCH REVENUE FROM ANALOG DEVICES, INC. IN THE AMOUNT OF $303,391. SUSAN HOCKFIELD IS THE PRESIDENT EMERITA AND PROFESSOR OF MIT AND A MEMBER OF THE BOARD AT GENERAL ELECTRIC. MIT RECEIVED SPONSORED RESEARCH REVENUE IN THE AMOUNT OF $455,216 FROM GENERAL ELECTRIC. MIT ALSO RECEIVED INDUSTRIAL LIASON PROGRAM MEMBERSHIP REVENUE FROM GENERAL ELECTRIC IN THE AMOUNT OF $75,000. MS. PAMELA EVANS IS A RESEARCH GROUP LEADER AT MIT LINCOLN LABORATORY. MS. EVANS IS A FAMILY MEMBER OF A MIT KEY EMPLOYEE. IN FY 2014, SHE RECEIVED COMPENSATION AND BENEFITS IN THE AMOUNT OF $235,508.

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution14ContributionCnt
Noncash Contributions Rpt F990$0NoncashContributionsRptF990Amt

Books And Publications BooksAndPublicationsGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd

Clothing And Household Goods ClothingAndHouseholdGoodsGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution734ContributionCnt
Noncash Contributions Rpt F990$29,740,582NoncashContributionsRptF990Amt
Method Of Determining RevenuesMARKET VALUEMethodOfDeterminingRevenuesTxt

Securities Closely Held Stock SecuritiesCloselyHeldStockGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution3ContributionCnt
Noncash Contributions Rpt F990$42,761NoncashContributionsRptF990Amt
Method Of Determining RevenuesMARKET VALUEMethodOfDeterminingRevenuesTxt

Securities Miscellaneous SecuritiesMiscellaneousGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution6ContributionCnt
Noncash Contributions Rpt F990$169,259NoncashContributionsRptF990Amt
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$1,293,286MARKET VALUE
Yes (X)ARCHIVAL RECORDS21$0
Yes (X)OTHER18$0
FieldValueIRS element (for citing)
Form8283 Received2Form8283ReceivedCnt
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (true)ReviewProcessUnusualNCGiftsInd
Third Parties UsedYes (true)ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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 - CLOSELY HELD STOCK: NUMBER OF ITEMS SECURITIES - MISCELLANEOUS: NUMBER OF ITEMS OTHER: NUMBER OF CONTRIBUTIONS OTHER: NUMBER OF CONTRIBUTIONS OTHER: NUMBER OF CONTRIBUTIONS
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, column (b), Line 1, Number of contributions or items contributed.NUMBER OF CONTRIBUTIONS
Schedule M, part I, column (b), Line 4, Number of contributions or items contributed.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (24 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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 14 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 RESPONSIBLITIY 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 1B, PART VI, LINE 1BIN SCHEDULE L, PART IV, MIT REPORTS TRANSACTIONS WITH VARIOUS COMPANIES WHOSE BOARDS OF DIRECTORS INCLUDE MEMBERS OF MIT'S GOVERNING BODY. THE REPORTED TRANSACTIONS WERE ARM'S LENGTH, COMMERCIAL TRANSACTIONS OCCURRING IN THE ORDINARY COURSE OF BUSINESS FOR BOTH MIT AND THE VARIOUS COMPANIES AND WERE IMMATERIAL TO THE INDEPENDENCE OF THOSE INDIVIDUALS.
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, Sec A, 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, Sec B, 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, Sec B, 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, Sec B, 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 ADHOC 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, Sec B, 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, Sec B, 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, Sec C, 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.
SCHEDULE J, PART II, COLUMN (C), PART II, COLUMN (C)SCHEDULE J, PART II, COLUMN (C) DOES NOT INCLUDE $253,385 OF INCENTIVE COMPENSATION FOR MR. ALEXANDER, $188,967 OF INCENTIVE COMPENSATION FOR MR. MARSH AND $83,399 OF INCENTIVE COMPENSATION FOR MR. STEELE AWARDED IN JANUARY 2013. THESE AMOUNTS CAN INCREASE OR DECREASE DEPENDING ON THE PERFORMANCE OF THE ENDOWMENT AND ARE CONTINGENT ON CONTINUED EMPLOYMENT BY MIT.
Schedule M, part I, column (b), Line 9, Number of contributions or items contributed.NUMBER OF ITEMS
Schedule M, part I, column (b), Line 10, Number of contributions or items contributed.NUMBER OF ITEMS
Schedule M, part I, column (b), Line 12, Number of contributions or items contributed.NUMBER OF ITEMS
Schedule M, part I, column (b), Line other, Number of contributions or items contributed.OTHER=EQUIPMENT : NUMBER OF CONTRIBUTIONS
Schedule M, part I, column (b), Line other, Number of contributions or items contributed.OTHER=ARCHIVAL RECORDS : NUMBER OF CONTRIBUTIONS
Schedule M, part I, column (b), Line other, Number of contributions or items contributed.OTHER=OTHER : NUMBER OF CONTRIBUTIONS
Schedule M, part I, column (b), Line 1, Number of contributions or items contributed.NUMBER OF CONTRIBUTIONS
Schedule M, part I, column (b), Line 9, Number of contributions or items contributed.NUMBER OF ITEMS
Schedule M, part I, column (b), Line 10, Number of contributions or items contributed.NUMBER OF ITEMS
Schedule M, part I, column (b), Line 12, Number of contributions or items contributed.NUMBER OF ITEMS
Schedule M, part I, column (b), Line other, Number of contributions or items contributed.OTHER=EQUIPMENT : NUMBER OF CONTRIBUTIONS
Schedule M, part I, column (b), Line other, Number of contributions or items contributed.OTHER=ARCHIVAL RECORDS : NUMBER OF CONTRIBUTIONS
Schedule M, part I, column (b), Line other, Number of contributions or items contributed.OTHER=OTHER : NUMBER OF CONTRIBUTIONS

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (57 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Legal Domicile Foreign CountryLegalDomicileForeignCountryCd
MIT REAL ESTATE LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242810643869REAL ESTATEMA$2,252,663$62,700,000MIT
TECHNOLOGY SQUARE FINANCE LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242REAL ESTATEMA$0$0MIT
MIT 130 BROOKLINE LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA-$63,698$41,500,000MIT
MIT 170171 SIDNEY LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA$147,340$3,490,000MIT
MIT 300 THIRD LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA$922,470$21,775,000MIT
MIT 770790 MEMORIAL LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA$687,599$16,140,000MIT
MIT 99 ERIE LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA$155,177$3,670,000MIT
MIT 185 ALBANY SPE LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242REAL ESTATEMA$0$0MIT
MIT 195 ALBANY SPE LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA-$532,910$9,150,000MIT
MIT 207 ALBANY SPE LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA-$39,574$4,200,000MIT
MIT 8 CARLETON STREET LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA-$106,049$4,200,000MIT
MIT WEST 300 BLOCK MASS AVE FEE OWNER LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA$379,112$11,958,000MIT
MIT 128 SIDNEY SPE LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA$120$2,399MIT
MIT 148 SIDNEY SPE LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA$120$2,388MIT
MIT 149 SIDNEY SPE LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA$120$2,388MIT
MIT 640 MEMORIAL SPE LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA$10$201MIT
MIT ONE BROADWAY FEE OWNER LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA$120$2,399MIT
MIT 177 MASSACHUSETTS AVENUE LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA$10$200MIT
MIT 650 MAIN STREET LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA$360$7,339MIT
MIT 424-456 MASSACHUSETTS AVENUE LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA$10$202MIT
MIT 281-295 ALBANY STREET LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA$10$202MIT
MIT 12 EMILY STREET LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242464268263REAL ESTATEMA$10$203MIT
134 MASSACHUSETTS AVENUE FEE OWNER LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242464682035REAL ESTATEMA$120$2,455MIT
MIT 620 MEMORIAL LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242464238931REAL ESTATEMA$3,110$0MIT
MIT 128 SIDNEY LEASEHOLD LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA$2,091,417$21,000,000MIT
MIT 148 SIDNEY LEASEHOLD LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA$23,797$8,800,000MIT
MIT 149 SIDNEY LEASEHOLD LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA$1,622,025$19,045,000MIT
MIT 640 MEMORIAL LEASEHOLD LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242461548002REAL ESTATEMA$4,508,997$149,000,000MIT
MIT ONE BROADWAY LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA$8,528,305$152,000,000MIT
177 MASSACHUSETTS AVENUE LEASEHOLD LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA$10,567,170$248,900,000MIT
650 MAIN STREET LEASEHOLD LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA$0$0MIT
424-456 MASSACHUSETTS AVENUE LEASEHOLD LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA$864,982$13,900,000MIT
281-295 ALBANY STREET LEASEHOLD LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA$1,616,946$16,200,000MIT
12 EMILY STREET LEASEHOLD LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA$1,022,003$10,600,000MIT
134 MASSACHUSETTS AVENUE LEASEHOLD LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242464695223REAL ESTATEMA$693,003$9,400,000MIT
610 MAIN STREET SOUTH LEASEHOLD LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242463904926REAL ESTATEMA$2,060,689$231,400,000MIT
700 MAIN STREET LEASEHOLD LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242463910601REAL ESTATEMA$405,225$118,500,000MIT
610-700 MAIN GARAGE LEASEHOLD LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242463997167REAL ESTATEMA-$65,798$0MIT
MIT 351 VASSAR LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242464168318REAL ESTATEMA$3,043$1,500,000MIT
620 MEMORIAL LEASEHOLD LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242464249493REAL ESTATEMA-$147,373$30,500,000MIT
610 MAIN STREET NORTH LEASEHOLD LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242464624112REAL ESTATEMA-$81,627$49,000,000MIT
MIT 636 PUTNAM AVENUE LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242465619441REAL ESTATEMA$0$0MIT
610 MAIN STREET SOUTH TRUSTEE LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242REAL ESTATEMA$0$0MIT
700 MAIN STREET TRUSTEE LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242REAL ESTATEMA$0$0MIT
610-700 MAIN GARAGE TRUSTEE LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242REAL ESTATEMA$0$0MIT
MIT WEST 300 BLOCK JV LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA$2,671,737$18,200,000MIT
MIT EAST 300 BLOCK JV LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA-$2,153$276,667MIT
TECH SQUARE JV LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242205242541REAL ESTATEMA$2,553,632$89,190,000MIT
MEADOWLARK ASSOCIATES LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594INVESTMENTSDE-$23,134,558$113,392,451MIT
BLUE JAY ASSOCIATES LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594INVESTMENTSDE$0$0MIT
PEF LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242261424379INVESTMENTSDE$1,383,521$8,902,367MIT
MIT PRIVATE EQUITY LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242043490003INVESTMENTSMA$10,745$94,122MIT
MIT PRIVATE EQUITY MANAGEMENT COMPANY LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242043490002INVESTMENTSMA$77,791$54,983MIT
MIT PRIVATE EQUITY MANAGEMENT COMPANY II LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242431964717INVESTMENTSMA$130,672$237MIT
MIT PRIVATE EQUITY MANAGEMENT COMPANY III LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242204639870INVESTMENTSMA$561,339$287MIT
MIT PRIVATE EQUITY MANAGEMENT COMPANY IV LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242261356780INVESTMENTSMA$269,315$51,610MIT
MIT FOUNDATION UK LTD
981192046MIT SUPPORTMITUK

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (9 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Controlled OrganizationControlledOrganizationInd
MIT ENTERPRISE FORUM INC
77 MASSACHUSETTS AVENUECAMBRIDGEMA02142042921492EDUCATIONMA501(C)(3)9TECHNOLOGY REVIEWYes (true)
MIT REAL ESTATE FOUNDATION INC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142043397800REAL ESTATEMA501(C)(3)11 - Type IMITYes (true)
TECHNOLOGY REVIEW INC
ONE MAIN STREET 7TH FLOORCAMBRIDGEMA02142954893200PUBLICATIONMA501(C)(3)11 - Type IMITYes (true)
TECHNOLOGY BROADCASTING CORPORATION
3 AMES STREETCAMBRIDGEMA02142237154684RADIOMA501(C)(3)9MITYes (true)
LORD FOUNDATION OF MASSACHUSETTS INC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142042748895MIT SUPPORTMA501(C)(3)11 - Type IMITYes (true)
MIT RETIREE WELFARE BENEFIT TRUST
77 MASSACHUSETTS AVENUE NE 49-31CAMBRIDGEMA02142043177556HEALTH BEN.MA501(C)(3)11 - Type IMITYes (true)
KENDALL PARTNERS I INC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142270565900TITLE HOLDMA501(C)(2)N/AMITYes (true)
THE MASSACHUSETTS GREEN HIGH PERFORMANCE
100 BIGELOW STREETHOLYOKEMA01040273014805RESEARCHMA501(C)(3)11 - Type INAfalse
MGHPCC HOLYOKE INC
100 BIGELOW STREETHOLYOKEMA01041452257442RESEARCHMA501(C)(3)11 - Type INAfalse

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (19 entries)

EINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile Foreign CountryLegalDomicileForeignCountryCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Predominant Income TypePredominantIncomeTypeTxtShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmtDisproportionate AllocationsDisproportionateAllocationsIndUBI Code VUBICodeVAmtGeneral Or Managing PartnerGeneralOrManagingPartnerIndOwnershipOwnershipPctLegal Domicile StateLegalDomicileStateCd
ALCHEMY PLAN (CAMBRIDGE) LP
980203250INVESTMENTSGKMITEXCLUDED$7,844,578$22,928,534false$0false0.9901
MD INVESTORS VALUE FUND
300615514INVESTMENTSMIT INVESTMENTS 2010 LPEXCLUDED$26,408,230$209,591,494false$0false0.97672DE
MALLARD FUND LP
208974201INVESTMENTSMEADOWLARK ASSOCIATES LLCEXCLUDED-$23,134,558$113,392,451false$0false0.99718TX
MERCKX CAPITAL PARTNERS LP
364711803INVESTMENTSMIT INVESTMENTS 2010 LPEXCLUDED$6,297,742$79,653,607false$0false0.85555DE
MFPLA LP
453203773INVESTMENTSMIT INVESTMENTS 2010 LPEXCLUDED$29,221,544$336,472,266false$0false0.91856DE
MGPLA LP
453625653INVESTMENTSMIT INVESTMENTS 2010 LPEXCLUDED$3,839,355$57,999,434false$0false0.93503DE
MIT INVESTMENTS 2009 LP
270896088INVESTMENTSMITEXCLUDED$60,339,131$768,436,179false$1,572,039Yes (true)0.91540DE
MIT INVESTMENTS 2010 LP
270542081INVESTMENTSMITEXCLUDED$232,709,333$3,879,171,806false-$4,089,227Yes (true)0.99068DE
STOCKBRIDGE FUND M LP
272122022INVESTMENTSMIT INVESTMENTS 2010 LPEXCLUDED$12,149,436$0false$0false0MA
WEXFORD MIT ENERGY II LP
760787877INVESTMENTSMITEXCLUDED-$212,753$20,443,853false$0false0.90909DE
WEXFORD MIT ENERGY LP
800057801INVESTMENTSMITEXCLUDED-$184,386$3,737,464false-$96,418false0.66867DE
GALILEO TM LLC
990376894INVESTMENTSMIT INVESTMENTS 2010 LPEXCLUDED$4,864,650$114,970,516false-$39,348false0.99218DE
HEPHAESTUS ENERGY FUND LP
364747789INVESTMENTSMIT INVESTMENTS 2010 LPEXCLUDED-$49,075$72,713,076false$0false0.99451DE
MIT PRIVATE EQUITY II LLC
753066771INVESTMENTSMITEXCLUDED$38,585$186,879false-$101,425Yes (true)1DE
MIT PRIVATE EQUITY III LLC
204639783INVESTMENTSMITEXCLUDED$26,952$323,719false-$645Yes (true)1DE
MIT PRIVATE EQUITY IV LLC
261356668INVESTMENTSMITEXCLUDED$8,851$112,886false-$6,664Yes (true)1DE
NORTHAVEN PARTNERS III LP
133908626INVESTMENTSMITEXCLUDED$0$2,906,578false-$377false0.5575NY
PPIM LLC
900987629INVESTMENTSMITEXCLUDED$10,883,377$143,995,513false$0false0.95659DE
GRENLEA LANE CAPITAL PARTNERS LP
260247078INVESTMENTSMIT INVESTMENTS 2010 LPEXCLUDED$472,970$12,171,644false$0false0.53474DE

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (19 entries)

Primary ActivitiesPrimaryActivitiesTxtLegal Domicile Foreign CountryLegalDomicileForeignCountryCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Entity TypeEntityTypeTxtShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmtOwnershipOwnershipPctControlled OrganizationControlledOrganizationIndLegal Domicile StateLegalDomicileStateCdAddress Line1ForeignAddress/AddressLine1Province Or StateForeignAddress/ProvinceOrStateCountryForeignAddress/CountryPostal CodeForeignAddress/PostalCodeAddress Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeCityForeignAddress/City
GAOLING FEEDER II
INVESTMENTSCJMITC CORPORATION$0$618,289,5521Yes (true)
MIT ENDOWMENTPATRON SCOTLAND LP
INVESTMENTSUKMIT PATRON GP LIMITEDC CORPORATION$1,706,838$8,660,0001Yes (true)
MIT ENDOWMENTPATRON GP LIMITED
INVESTMENTSUKMITC CORPORATION$0$01Yes (true)
THE GALLINULE FUND
INVESTMENTSCJMIT INVESTMENTS 2010 LPC CORPORATION$103,757,475$227,188,3271Yes (true)
CHARITABLE REMAINDER TRUSTS (317)
INVESTMENTSNATRUSTYes (true)MA
CHARITABLE LEAD TRUST (1)
INVESTMENTSNATRUSTYes (true)MA
POOLED INCOME FUNDS (160)
INVESTMENTSNATRUSTYes (true)MA
CHARITABLE REMAINDER TRUSTS (24)
INVESTMENTSNATRUSTYes (true)
CHARITABLE LEAD TRUST (1)
INVESTMENTSNATRUSTYes (true)
OUTSIDE PERPETUAL TRUST (18)
INVESTMENTSNATRUSTYes (true)
MIT PRESS LIMITED
PUBLICATIONUKMITC CORPORATION$59,111$1,690,2371Yes (true)LION HOUSE RED LION STREETLONDONUKWC1R 4GB
SINGAPORE-MIT ALLIANCE FOR RESEARCH AND TECHNOLOGY
RESEARCHSNMITC CORPORATION$52,212,5911Yes (true)1 CREATE WAY 10-01 CREATE TOWERSN138602
BOSE CORPORATION
PRODUCT DEVELOPMENTNAC CORPORATION$0Yes (true)DETHE MOUNTAINFRAMINGHAMMA01701
HYDE PARK CAPITAL LIMITED
INVESTMENTSUKMITC CORPORATION$0$4,960,7631Yes (true)
FOXHAVEN CAPITAL (OFFSHORE) LTD
INVESTMENTSCJMIT INVESTMENTS 2010 LPC CORPORATION$0$95,418,9180.62Yes (true)
CHARLES-LIM ASIAGLOBAL LIMITED
INVESTMENTSVIMIT INVESTMENTS 2010 LPC CORPORATION$0$50,000,0000.65Yes (true)
BARTON INSURANCE CO LTD
INSURANCEBDMITC CORPORATION$0$01Yes (true)CRAIG APPIN HOUSEHAMILTONBD8 WESLEY STREET HM JX
MIT INDIA TRUST
EDUCATIONAL SUPPORTINMITTRUST$0$1,6481Yes (true)PIROJSHANAGER EASTERN EXPRESS HWYIN40007MUMBAI
INDIA INSTITUTIONAL FUND LIMITED
INVESTMENTSMPINDIA INSTITUTIONAL FUND LLCC CORPORATION$0$00Yes (true)IFS COURT 28 CYBERCITYMPMPEBENE
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 (20 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
SINGAPORE-MIT ALLIANCE FOR RESEARCH & TECHNOLOGY CENTRE
C$8,999,000CASH
TECHNOLOGY REVIEW INC
D$2,537,000CASH
BOSE CORPORATION
F$6,013,749FMV
MIT PRESS LTD
M$573,000CASH
TECHNOLOGY REVIEW INC
P$1,880,000CASH
SINGAPORE-MIT ALLIANCE FOR RESEARCH & TECHNOLOGY CENTRE
Q$4,863,000CASH
LORD FOUNDATION OF MASSACHUSETTS INC
R$1,000,000CASH
MIT PRESS LTD
S$307,000CASH
GAOLING FEEDER II
B$30,000,000CASH
ALCHEMY PLAN (CAMBRIDGE) LP
B$186,775CASH
ALCHEMY PLAN (CAMBRIDGE) LP
R$6,386,810CASH
MALLARD FUND LP
B$31,000,000CASH
MIT INVESTMENTS 2009 LP
B$74,052,968CASH
MIT INVESTMENTS 2009 LP
R$180,422,241CASH
MIT INVESTMENTS 2010 LP
B$940,097,616CASH
MIT INVESTMENTS 2010 LP
R$665,949,538CASH
PPIM LLC
B$12,500,000CASH
PPIM LLC
R$90,703,335CASH
LORD FOUNDATION OF MASSACHUSETTS INC
S$1,800,000CASH
MIT REAL ESTATE FOUNDATION INC
S$2,979,000CASH

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART VII, SCHEDULE R, PART IVFormAndLineReferenceDesc
ExplanationMIT 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.ExplanationTxt

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