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
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-05-14T14:02:26-05:00 | ReturnTs |
| Tax Period End | 2014-06-30 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042103594 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MASSACHUSETTS INSTITUTE OF TECHNOLOGY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MASS | BusinessNameControlTxt |
| Phone | 6172532777 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 77 MASSACHUSETTS AVENUE NE49-3142 | AddressLine1 |
| City | Cambridge | City |
| State | MA | State |
| ZIP Code | 021394307 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ISRAEL RUIZ | PersonNm |
| Person Title | EXECUTIVE VP & TREASURER | PersonTitleTxt |
| Signature | 2015-05-14 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
Principal Ofcr Business Address PrincipalOfcrBusinessAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | L RAFAEL REIF | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 77 MASSACHUSETTS AVENUE | AddressLine1 |
| City | Cambridge | City |
| State | MA | State |
| ZIP Code | 02139 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $37,461,962,000 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | HTTP://WEB.MIT.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1861 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | THE MISSION OF MIT IS TO ADVANCE KNOWLEDGE AND EDUCATE STUDENTS IN SCIENCE, TECHNOLOGY, AND OTHER AREAS OF SCHOLARSHIP THAT WILL BEST SERVE THE NATION AND THE WORLD IN THE 21ST CENTURY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 14 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 23471 | TotalEmployeeCnt |
| Total Volunteers | 14589 | TotalVolunteersCnt |
| Total Gross UBI | $15,664,000 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$23,809,643 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $817,616,000 | PYContributionsGrantsAmt |
| CY Contributions Grants | $956,016,000 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,861,711,000 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $1,817,391,000 | CYProgramServiceRevenueAmt |
| PY Investment Income | $731,033,000 | PYInvestmentIncomeAmt |
| CY Investment Income | $969,651,000 | CYInvestmentIncomeAmt |
| PY Other Revenue | $587,108,000 | PYOtherRevenueAmt |
| CY Other Revenue | $327,607,000 | CYOtherRevenueAmt |
| PY Total Revenue | $3,997,468,000 | PYTotalRevenueAmt |
| CY Total Revenue | $4,070,665,000 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $479,075,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $500,114,000 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,289,034,000 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,352,138,000 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $193,000 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $43,002,000 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,354,748,000 | PYOtherExpensesAmt |
| CY Other Expenses | $1,299,487,000 | CYOtherExpensesAmt |
| PY Total Expenses | $3,123,050,000 | PYTotalExpensesAmt |
| CY Total Expenses | $3,151,739,000 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $874,418,000 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $918,926,000 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $17,675,782,000 | TotalAssetsBOYAmt |
| Total Assets EOY | $20,337,912,000 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $3,767,239,000 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,256,964,000 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $13,908,543,000 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $16,080,948,000 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE MISSION OF MIT IS TO ADVANCE KNOWLEDGE AND EDUCATE STUDENTS IN SCIENCE, TECHNOLOGY, AND OTHER AREAS OF SCHOLARSHIP THAT WILL BEST SERVE THE NATION AND THE WORLD IN THE 21ST CENTURY. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $1,251,631,000 | ExpenseAmt |
| Grant | $80,281,000 | GrantAmt |
| Revenue | $1,272,290,000 | RevenueAmt |
| Desc | SPONSORED RESEARCH: MIT'S CAMBRIDGE, MA CAMPUS PROVIDES A FERTILE SETTING FOR RESEARCH THAT HAS SPAWNED A HOST OF SCIENTIFIC BREAKTHROUGHS AND TECHNOLOGICAL ADVANCES. PRIMARILY SPONSORED BY FEDERAL GRANTS AND CONTRACTS, RESEARCH AT MIT AIMS TO DEVELOP INNOVATIVE SOLUTIONS TO THE WORLD'S MOST DAUNTING CHALLENGES. FROM ADDRESSING THE ENERGY NEEDS OF TOMORROW TO IMPROVING CANCER THERAPIES AND MORE, MIT'S RESEARCH EFFORTS ARE ENHANCED THROUGH CREATIVE COLLABORATIONS IN INTERDISCIPLINARY LABS AND WITH LEADING RESEARCH INSTITUTES AND CONSORTIA AROUND THE WORLD. SEE SCHEDULE O. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $777,382,000 | ExpenseAmt |
| Grant | $145,990,000 | GrantAmt |
| Revenue | $642,185,000 | RevenueAmt |
| Desc | INSTRUCTION AND UNSPONSORED RESEARCH: MIT IS COMMITTED TO PROVIDING A WORLD-CLASS EDUCATION TO OUR APPROXIMATELY 4,500 UNDERGRADUATES AND APPROXIMATELY 6,800 GRADUATE STUDENTS. THE FOCUS OF INSTRUCTION IS NOT ONLY SCIENTIFIC AND TECHNICAL, BUT INCLUDES A STRONG HUMANITIES COMPONENT AND EMPHASIZES CREATIVE PROBLEM SOLVING. MIT'S FIVE SCHOOLS (SCIENCE; ENGINEERING; HUMANITIES, ARTS & SOCIAL SCIENCES; ARCHITECTURE & URBAN PLANNING; AND MANAGEMENT) CREATE THE FOUNDATION OF A RIGOROUS MIT EDUCATION, WHICH IS HEIGHTENED BY SERVICE TO COMMUNITIES AROUND THE WORLD. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $271,299,000 | ExpenseAmt |
| Grant | $271,299,000 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | SCHOLARSHIPS AND FELLOWSHIPS (TUITION DISCOUNT): MIT'S UNDERGRADUATE FINANCIAL AID PROGRAM ENSURES THAT AN MIT EDUCATION IS ACCESSIBLE TO ALL QUALIFIED CANDIDATES REGARDLESS OF THEIR FINANCIAL RESOURCES. MIT REMAINS DEDICATED TO PROVIDING FINANCIAL AID TO MEET THE FULL COST OF AN MIT EDUCATION, BASED ON THE NEEDS OF THE FAMILY. IN 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $114,743,000 | ExpenseAmt |
| Grant | $2,543,000 | GrantAmt |
| Revenue | $212,172,000 | RevenueAmt |
| Desc | THIS ITEM CONSISTS OF OTHER EXPENDITURES (INCLUDING GRANTS) INCURRED, AND REVENUES GENERATED IN CONNECTION WITH MIT'S OTHER PROGRAM SERVICES RELATED TO VARIOUS ACTIVITIES IN FURTHERANCE OF AND IN SUPPORT OF MIT'S EXEMPT MISSION WHICH INCLUDED BUT WERE NOT LIMITED TO SUCH THINGS AS FEES AND SERVICES (FOR EXAMPLE, MEDICAL DEPARTMENT, TECHNOLOGY LICENSING OFFICE), AUXILIARY ENTERPRISES (FOR EXAMPLE, HOUSING, DINING), AND OTHER MISCELLANEOUS PROGRAM SERVICE REVENUE. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $114,743,000 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $2,543,000 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $212,172,000 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $2,415,055,000 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (true) | LobbyingActivitiesInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | Yes (true) | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (true) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | Yes (true) | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | Yes (true) | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (true) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (true) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (true) | LoanOutstandingInd |
| Grant To Related Person | Yes (true) | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (true) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (true) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (true) | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | Yes (true) | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 24252 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 23471 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | Yes (true) | ForeignFinancialAccountInd |
| Foreign Country | AR | ForeignCountryCd |
| Foreign Country | BD | ForeignCountryCd |
| Foreign Country | BR | ForeignCountryCd |
| Foreign Country | CJ | ForeignCountryCd |
| Foreign Country | DA | ForeignCountryCd |
| Foreign Country | GR | ForeignCountryCd |
| Foreign Country | GK | ForeignCountryCd |
| Foreign Country | HU | ForeignCountryCd |
| Foreign Country | IN | ForeignCountryCd |
| Foreign Country | IS | ForeignCountryCd |
| Foreign Country | KS | ForeignCountryCd |
| Foreign Country | MY | ForeignCountryCd |
| Foreign Country | RP | ForeignCountryCd |
| Foreign Country | RO | ForeignCountryCd |
| Foreign Country | SN | ForeignCountryCd |
| Foreign Country | TW | ForeignCountryCd |
| Foreign Country | TH | ForeignCountryCd |
| Foreign Country | TU | ForeignCountryCd |
| Foreign Country | UK | ForeignCountryCd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (true) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | Yes (true) | Form8282PropertyDisposedOfInd |
| Form8282 Filed | 1 | Form8282FiledCnt |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 14 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (true) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | Yes (true) | LocalChaptersInd |
| Policies Reference Chapters | false | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (true) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (true) | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OK | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BASIL A STEWART | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6172532777 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 77 MASSACHUSETTS AVENUE NE49-3142 | AddressLine1 |
| City | Cambridge | City |
| State | MA | State |
| ZIP Code | 02139 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (31 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|---|
| ISRAEL RUIZ | ||||||||||
| Executive VP & Treasurer | 60.00 | 2.00 | Yes (X) | Yes (X) | $523,841 | $0 | $48,742 | |||
| JOHN S REED | ||||||||||
| Chairman of the Corporation | 30.00 | 2.00 | Yes (X) | Yes (X) | $276,557 | $0 | $3,831 | |||
| L RAFAEL REIF | ||||||||||
| President | 60.00 | 2.00 | Yes (X) | Yes (X) | $783,877 | $0 | $107,197 | |||
| A NEIL PAPPALARDO | ||||||||||
| Executive Committee Member | 5.00 | 0 | Yes (X) | $0 | $0 | $0 | ||||
| ARTHUR J SAMBERG | ||||||||||
| Executive Committee Member | 5.00 | 0 | Yes (X) | $0 | $0 | $0 | ||||
| BARRIE R ZESIGER | ||||||||||
| Executive Committee Member | 5.00 | 0 | Yes (X) | $0 | $0 | $0 | ||||
| DENIS A BOVIN | ||||||||||
| Executive Committee Member | 5.00 | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| DIANA CHAPMAN WALSH | ||||||||||
| Executive Committee Member | 5.00 | 0 | Yes (X) | $0 | $0 | $0 | ||||
| HENRICUS A TERMEER | ||||||||||
| Executive Committee Member | 5.00 | 0 | Yes (X) | $0 | $0 | $0 | ||||
| JAMES A CHAMPY | ||||||||||
| Executive Committee Member | 5.00 | 0 | Yes (X) | $0 | $0 | $0 | ||||
| JOHN A THAIN | ||||||||||
| Executive Committee Member | 5.00 | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| LAWRENCE K FISH | ||||||||||
| Executive Committee Member | 5.00 | 0 | Yes (X) | $0 | $0 | $0 | ||||
| ROBERT B MILLARD | ||||||||||
| Executive Committee Member | 5.00 | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| SUSAN E WHITEHEAD | ||||||||||
| Executive Committee Member | 5.00 | 0 | Yes (X) | $0 | $0 | $0 | ||||
| KIRK KOLENBRANDER | ||||||||||
| VP & Secretary of the Corporation | 60.00 | 0 | Yes (X) | $303,601 | $0 | $62,291 | ||||
| CHRIS KAISER | ||||||||||
| Provost (Outgoing) | 60.00 | 1.00 | $530,429 | $0 | $58,968 | Yes (X) | ||||
| CLAUDE CANIZARES | ||||||||||
| VP | 60.00 | 0 | $349,949 | $0 | $56,210 | Yes (X) | ||||
| CYNTHIA BARNHART | ||||||||||
| Chancellor (Incoming) | 60.00 | 1.00 | $277,510 | $0 | $72,667 | Yes (X) | ||||
| ERIC EVANS | ||||||||||
| Director of Lincoln Laboratory | 60.00 | 0 | $438,052 | $0 | $61,346 | Yes (X) | ||||
| JEFFREY NEWTON | ||||||||||
| VP of Resource Development | 60.00 | 0 | $413,969 | $0 | $53,086 | Yes (X) | ||||
| MARIA ZUBER | ||||||||||
| VP for Research | 60.00 | 2.50 | $368,470 | $0 | $109,534 | Yes (X) | ||||
| MARTIN SCHMIDT | ||||||||||
| Provost (Incoming) | 60.00 | 2.00 | $300,277 | $0 | $106,084 | Yes (X) | ||||
| R GREGORY MORGAN | ||||||||||
| VP & General Counsel | 60.00 | 0 | $567,535 | $0 | $65,591 | Yes (X) | ||||
| SETH ALEXANDER | ||||||||||
| President of MITIMCo | 60.00 | 2.00 | $1,360,610 | $0 | $50,220 | Yes (X) | ||||
| W ERIC GRIMSON | ||||||||||
| Chancellor (Outgoing) | 60.00 | 1.00 | $328,789 | $0 | $70,820 | Yes (X) | ||||
| DANIEL STEELE | ||||||||||
| Global Investment Professional | 60.00 | 0 | $718,778 | $0 | $64,735 | Yes (X) | ||||
| DAVID SCHMITTLEIN | ||||||||||
| Dean Sloan School of Mgmt | 60.00 | 0 | $725,584 | $0 | $43,872 | Yes (X) | ||||
| NELSON REPENNING | ||||||||||
| Professor Sloan School of Mgmt | 60.00 | 0 | $705,394 | $0 | $44,748 | Yes (X) | ||||
| STEVEN MARSH | ||||||||||
| Managing Director - MITIMCo | 60.00 | 0 | $992,478 | $0 | $65,687 | Yes (X) | ||||
| SUSAN HOCKFIELD | ||||||||||
| President Emerita & Professor | 60.00 | 0 | $710,014 | $0 | $98,924 | Yes (X) | ||||
| PHILLIP CLAY | ||||||||||
| Professor | 40.00 | 0 | $344,051 | $0 | $33,016 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $11,019,762 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,277,572 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3391 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| BOND BROTHERS INC | |||||
| 145 SPRING STREET | EVERETT | MA | 02149 | CONSTRUCTION | $24,369,989 |
| BARR & BARR INC | |||||
| 260 COCHITUATE RD | FRAMINGHAM | MA | 01701 | CONSTRUCTION | $12,721,084 |
| ALEXANDRIA REAL ESTATE EQUITIES INC | |||||
| 700 TECHNOLOGY SQUARE | CAMBRIDGE | MA | 02139 | MANAGEMENT | $11,470,756 |
| ELAINE CONSTRUCTION CO INC | |||||
| 1037 CHESTNUT STREET | NEWTON UPPER FALLS | MA | 02464 | CONSTRUCTION | $7,043,213 |
| BON APPETIT MANAGEMENT CO | |||||
| 100 HAMILTON AVENUE SUITE 400 | PALO ALTO | CA | 94301 | MANAGEMENT | $6,944,176 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 564 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $180,000 | FundraisingAmt |
| Government Grants | $413,704,000 | GovernmentGrantsAmt |
| All Other Contributions | $542,132,000 | AllOtherContributionsAmt |
| Noncash Contributions | $31,246,000 | NoncashContributionsAmt |
| Total Contributions | $956,016,000 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| SPONSORED RESEARCH CONTRACTS | 900099 | $1,073,936,000 | $1,073,936,000 | |
| FEES AND SERVICES | 221000 | $101,270,000 | $97,841,000 | $3,429,000 |
| OTHER PROGRAMS | 900099 | $37,448,000 | $37,448,000 | |
| TUITION | 900099 | $604,737,000 | $604,737,000 | |
| $0 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $1,817,391,000 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $83,436,000 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $12,211,000 | UnrelatedBusinessRevenueAmt |
| Exclusion | $71,225,000 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $75,065,000 | TotalRevenueColumnAmt |
| Exclusion | $75,065,000 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $99,418,000 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $36,189,000 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $63,229,000 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $63,229,000 | TotalRevenueColumnAmt |
| Exclusion | $63,229,000 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $34,241,227,000 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $33,355,012,000 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $886,215,000 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $886,215,000 | TotalRevenueColumnAmt |
| Exclusion | $886,215,000 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $8,000 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $180,000 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $96,000 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$88,000 | TotalRevenueColumnAmt |
| Exclusion | -$88,000 | ExclusionAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|---|
| AUXILIARY ENTERPRISES | 511120 | $110,902,000 | $110,878,000 | $24,000 | |
| CHANGE IN LIFE INCOME FUNDS | 900099 | $24,101,000 | $24,101,000 | ||
| PENSION-RELATED CHARGES | 900099 | $54,398,000 | $54,398,000 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $189,401,000 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,070,665,000 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,924,840,000 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $15,664,000 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,174,145,000 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $456,000 | TotalAmt |
| Program Services | $456,000 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $497,571,000 | TotalAmt |
| Program Services | $497,571,000 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,087,000 | TotalAmt |
| Program Services | $2,087,000 | ProgramServicesAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,759,000 | TotalAmt |
| Program Services | $1,381,000 | ProgramServicesAmt |
| Management And General | $5,879,000 | ManagementAndGeneralAmt |
| Fundraising | $499,000 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $238,000 | TotalAmt |
| Program Services | $238,000 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,059,280,000 | TotalAmt |
| Program Services | $843,527,000 | ProgramServicesAmt |
| Management And General | $190,110,000 | ManagementAndGeneralAmt |
| Fundraising | $25,643,000 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $69,775,000 | TotalAmt |
| Program Services | $56,183,000 | ProgramServicesAmt |
| Management And General | $12,816,000 | ManagementAndGeneralAmt |
| Fundraising | $776,000 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $142,217,000 | TotalAmt |
| Program Services | $111,594,000 | ProgramServicesAmt |
| Management And General | $25,848,000 | ManagementAndGeneralAmt |
| Fundraising | $4,775,000 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $72,869,000 | TotalAmt |
| Program Services | $58,674,000 | ProgramServicesAmt |
| Management And General | $13,384,000 | ManagementAndGeneralAmt |
| Fundraising | $811,000 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $42,380,000 | TotalAmt |
| Program Services | $25,227,000 | ProgramServicesAmt |
| Management And General | $17,153,000 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,062,000 | TotalAmt |
| Program Services | $882,000 | ProgramServicesAmt |
| Management And General | $21,180,000 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,932,000 | TotalAmt |
| Program Services | $17,000 | ProgramServicesAmt |
| Management And General | $1,915,000 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,133,000 | TotalAmt |
| Management And General | $10,133,000 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $61,387,000 | TotalAmt |
| Program Services | $32,011,000 | ProgramServicesAmt |
| Management And General | $29,376,000 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,160,000 | TotalAmt |
| Program Services | $8,636,000 | ProgramServicesAmt |
| Management And General | $1,524,000 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,005,000 | TotalAmt |
| Program Services | $18,541,000 | ProgramServicesAmt |
| Management And General | $9,366,000 | ManagementAndGeneralAmt |
| Fundraising | $1,098,000 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,777,000 | TotalAmt |
| Program Services | $25,738,000 | ProgramServicesAmt |
| Management And General | $8,168,000 | ManagementAndGeneralAmt |
| Fundraising | $871,000 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,022,000 | TotalAmt |
| Program Services | $12,436,000 | ProgramServicesAmt |
| Management And General | $12,586,000 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,060,000 | TotalAmt |
| Program Services | $27,243,000 | ProgramServicesAmt |
| Management And General | $6,774,000 | ManagementAndGeneralAmt |
| Fundraising | $43,000 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $77,600,000 | TotalAmt |
| Program Services | $67,646,000 | ProgramServicesAmt |
| Management And General | $6,954,000 | ManagementAndGeneralAmt |
| Fundraising | $3,000,000 | FundraisingAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $41,488,000 | TotalAmt |
| Program Services | $35,938,000 | ProgramServicesAmt |
| Management And General | $4,319,000 | ManagementAndGeneralAmt |
| Fundraising | $1,231,000 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $110,795,000 | TotalAmt |
| Program Services | $98,162,000 | ProgramServicesAmt |
| Management And General | $12,520,000 | ManagementAndGeneralAmt |
| Fundraising | $113,000 | FundraisingAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,876,000 | TotalAmt |
| Program Services | $1,876,000 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $137,515,000 | TotalAmt |
| Program Services | $119,611,000 | ProgramServicesAmt |
| Management And General | $17,713,000 | ManagementAndGeneralAmt |
| Fundraising | $191,000 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $56,964,000 | TotalAmt |
| Program Services | $45,517,000 | ProgramServicesAmt |
| Management And General | $11,447,000 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $262,537,000 | TotalAmt |
| Program Services | $55,838,000 | ProgramServicesAmt |
| Management And General | $205,378,000 | ManagementAndGeneralAmt |
| Fundraising | $1,321,000 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,151,739,000 | TotalAmt |
| Program Services | $2,415,055,000 | ProgramServicesAmt |
| Management And General | $693,682,000 | ManagementAndGeneralAmt |
| Fundraising | $43,002,000 | FundraisingAmt |
Total Joint Costs TotalJointCostsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $263,805,000 | BOYAmt |
| EOY | $281,363,000 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,526,544,000 | BOYAmt |
| EOY | $2,691,413,000 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $472,593,000 | BOYAmt |
| EOY | $555,662,000 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $168,092,000 | BOYAmt |
| EOY | $195,031,000 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $500,000 | BOYAmt |
| EOY | $500,000 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $49,484,000 | BOYAmt |
| EOY | $48,169,000 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,998,000 | BOYAmt |
| EOY | $6,506,000 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $102,192,000 | BOYAmt |
| EOY | $114,812,000 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $3,874,865,000 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,255,077,000 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,516,085,000 | BOYAmt |
| EOY | $2,619,788,000 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $982,309,000 | BOYAmt |
| EOY | $1,420,680,000 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,588,180,000 | BOYAmt |
| EOY | $12,403,988,000 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,675,782,000 | BOYAmt |
| EOY | $20,337,912,000 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $471,050,000 | BOYAmt |
| EOY | $504,032,000 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $67,640,000 | BOYAmt |
| EOY | $59,955,000 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,441,940,000 | BOYAmt |
| EOY | $1,382,589,000 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $986,275,000 | BOYAmt |
| EOY | $1,536,312,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $800,334,000 | BOYAmt |
| EOY | $774,076,000 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,767,239,000 | BOYAmt |
| EOY | $4,256,964,000 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,551,287,000 | BOYAmt |
| EOY | $6,520,412,000 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,644,291,000 | BOYAmt |
| EOY | $6,718,225,000 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,712,965,000 | BOYAmt |
| EOY | $2,842,311,000 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,908,543,000 | BOYAmt |
| EOY | $16,080,948,000 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,675,782,000 | BOYAmt |
| EOY | $20,337,912,000 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $918,926,000 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,253,479,000 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $688,550,000 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $970,793,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $894,547,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $817,616,000 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $956,016,000 | CurrentTaxYearAmt |
| Total | $4,327,522,000 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $688,550,000 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $970,793,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $894,547,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $817,616,000 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $956,016,000 | CurrentTaxYearAmt |
| Total | $4,327,522,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $140,007,680 | SubstantialContributorsTotAmt |
| Public Support Total170 | $4,187,514,320 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $243,583,000 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $275,608,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $269,941,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $231,493,000 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $257,919,000 | CurrentTaxYearAmt |
| Total | $1,278,544,000 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $5,606,066,000 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $9,624,144,000 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.74700 | PublicSupportCY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | false | VolunteersInd |
| Paid Staff Or Management | Yes (true) | PaidStaffOrManagementInd |
| Media Advertisements | false | MediaAdvertisementsInd |
| Mailings Members | Yes (true) | MailingsMembersInd |
| Publications Or Broadcast | false | PublicationsOrBroadcastInd |
| Grants Other Organizations | false | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (true) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $159,554 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | false | RalliesDemonstrationsInd |
| Other Activities | Yes (true) | OtherActivitiesInd |
| Other Activities | $10,000 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $169,554 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | false | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule C, Part II-B, Line 1, Description of the activities reported on Lines 1a through 1i | FormAndLineReferenceDesc |
| Explanation | LINE 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used Pub Exhibition | Yes (X) | CollectionUsedPubExhibitionInd |
| Coll Used Scholarly Rsrch | Yes (X) | CollUsedScholarlyRsrchInd |
| Collection Used Preservation | Yes (X) | CollectionUsedPreservationInd |
| Solicited Assets Sale | false | SolicitedAssetsSaleInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $11,005,930,000 | BeginningYearBalanceAmt |
| Contributions | $192,422,000 | ContributionsAmt |
| Investment Earnings Or Losses | $1,921,163,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $104,323,000 | GrantsOrScholarshipsAmt |
| Other Expenditures | $411,108,000 | OtherExpendituresAmt |
| Administrative Expenses | $14,308,000 | AdministrativeExpensesAmt |
| End Year Balance | $12,589,776,000 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $10,308,273,000 | BeginningYearBalanceAmt |
| Contributions | $136,980,000 | ContributionsAmt |
| Investment Earnings Or Losses | $1,075,065,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $98,947,000 | GrantsOrScholarshipsAmt |
| Other Expenditures | $400,353,000 | OtherExpendituresAmt |
| Administrative Expenses | $15,088,000 | AdministrativeExpensesAmt |
| End Year Balance | $11,005,930,000 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $9,853,574,000 | BeginningYearBalanceAmt |
| Contributions | $180,985,000 | ContributionsAmt |
| Investment Earnings Or Losses | $754,548,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $93,944,000 | GrantsOrScholarshipsAmt |
| Other Expenditures | $374,661,000 | OtherExpendituresAmt |
| Administrative Expenses | $12,229,000 | AdministrativeExpensesAmt |
| End Year Balance | $10,308,273,000 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $8,463,458,000 | BeginningYearBalanceAmt |
| Contributions | $313,644,000 | ContributionsAmt |
| Investment Earnings Or Losses | $1,431,852,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $88,414,000 | GrantsOrScholarshipsAmt |
| Other Expenditures | $254,932,000 | OtherExpendituresAmt |
| Administrative Expenses | $12,034,000 | AdministrativeExpensesAmt |
| End Year Balance | $9,853,574,000 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $8,151,805,000 | BeginningYearBalanceAmt |
| Contributions | $61,779,000 | ContributionsAmt |
| Investment Earnings Or Losses | $768,418,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $104,997,000 | GrantsOrScholarshipsAmt |
| Other Expenditures | $396,737,000 | OtherExpendituresAmt |
| Administrative Expenses | $16,810,000 | AdministrativeExpensesAmt |
| End Year Balance | $8,463,458,000 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.29460 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.21530 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.49010 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (true) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | Yes (true) | EndowmentsHeldRelatedOrgInd |
| Related Org List Sch R | Yes (true) | RelatedOrgListSchRInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $63,308,000 | OtherCostOrOtherBasisAmt |
| Book Value | $63,308,000 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,448,973,000 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,195,950,000 | DepreciationAmt |
| Book Value | $2,253,023,000 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $64,733,000 | OtherCostOrOtherBasisAmt |
| Depreciation | $375,000 | DepreciationAmt |
| Book Value | $64,358,000 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $297,851,000 | OtherCostOrOtherBasisAmt |
| Depreciation | $58,752,000 | DepreciationAmt |
| Book Value | $239,099,000 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | $0 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $2,619,788,000 | TotalBookValueLandBuildingsAmt |
Financial Derivatives FinancialDerivativesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | $0 | BookValueAmt |
Closely Held Equity Interests CloselyHeldEquityInterestsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | $0 | BookValueAmt |
Other Securities OtherSecuritiesGrp (8 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| INTEREST RATE SWAPS | -$26,722,000 | F |
| ABSOLUTE RETURN | $1,643,868,000 | F |
| OTHER | $9,221,000 | F |
| SPLIT INTEREST AGREEMENTS | $147,182,000 | F |
| EQUITIES | $6,939,351,000 | F |
| FIXED INCOME | $285,815,000 | F |
| MINORITY INTERESTS | $287,825,000 | F |
| REAL ESTATE & REAL ASSETS | $3,117,448,000 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $12,403,988,000 | TotalBookValueSecuritiesAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| 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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $774,076,000 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PART III, PART III, LINE 1A | AS NOTED IN MIT'S AUDITED FINANCIAL STATEMENTS, MIT RECORDS ITEMS OF COLLECTIONS AS A GIFT AT NOMINAL VALUE. THEY ARE RECEIVED FOR EDUCATIONAL PURPOSES AND GENERALLY DISPLAYED THROUGHOUT MIT. IN GENERAL, COLLECTIONS ARE NOT DISPOSED OF FOR FINANCIAL GAIN OR OTHERWISE ENCUMBERED IN ANY MANNER. |
| Schedule D, Part III, Line 4, Collections of art - description of collections | MIT RECORDS ITEMS OF COLLECTIONS OF ART AS A GIFT AT NOMINAL VALUE. THEY ARE RECEIVED FOR EDUCATIONAL PURPOSES AND GENERALLY DISPLAYED THROUGHOUT MIT. IN GENERAL, COLLECTIONS ARE NOT DISPOSED OF FOR FINANCIAL GAIN OR OTHERWISE ENCUMBERED IN ANY MANNER. |
| Schedule D, Part V, Line 4, Intended uses of endowment funds | MIT'S ENDOWMENT IS INTENDED TO PROVIDE FINANCIAL SUPPORT TO FURTHER MIT'S MISSION OF EDUCATION AND RESEARCH. SPECIFICALLY, MIT'S ENDOWMENT PROVIDES ONGOING SUPPORT FOR GRADUATE AND UNDERGRADUATE STUDENT SCHOLARSHIPS, FELLOWSHIPS AND STUDENT LOANS, PROFESSORSHIPS, THE MAINTENANCE OF MIT'S FACILITIES, AND ACADEMIC DEPARTMENT SUPPORT. |
| Schedule D, Part X, Line 2, FIN 48 (ASC 740) footnote | US GAAP REQUIRES MIT TO EVALUATE TAX POSITIONS TAKEN BY THE INSTITUTE AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE INSTITUTE HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MIT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF JUNE 30, 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3, Racially nondiscriminatory policy | SEE NEXT PAGE |
| SCHEDULE E, PART I, LINE 3, PART I, LINE 3 | PART 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 agency | MIT RECEIVES PELL, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY AND PERKINS LOANS. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (35 entries)
| RegionRegionTxt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt | EmployeeEmployeeCnt | OfficesOfficesCnt |
|---|---|---|---|---|---|
| EAST ASIA AND THE PACIFIC | PROGRAM SERVICES | SUBRECIPIENT AGREEMENTS | $4,253,565 | ||
| EUROPE (INCLUDING ICELAND AND GREENLAND) | PROGRAM SERVICES | SUBRECIPIENT AGREEMENTS | $3,769,480 | ||
| NORTH AMERICA (CANADA & MEXICO ONLY) | PROGRAM SERVICES | SUBRECIPIENT AGREEMENTS | $284,157 | ||
| SOUTH ASIA | PROGRAM SERVICES | SUBRECIPIENT AGREEMENTS | $400,551 | ||
| SUB-SAHARAN AFRICA | PROGRAM SERVICES | SUBRECIPIENT AGREEMENTS | $340,524 | ||
| CENTRAL AMERICA AND THE CARIBBEAN | GRANTMAKING | $21,729 | |||
| EAST ASIA AND THE PACIFIC | GRANTMAKING | $342,625 | |||
| EUROPE (INCLUDING ICELAND AND GREENLAND) | GRANTMAKING | $742,603 | |||
| MIDDLE EAST AND NORTH AFRICA | GRANTMAKING | $300,447 | |||
| NORTH AMERICA (CANADA & MEXICO ONLY) | GRANTMAKING | $101,396 | |||
| RUSSIA AND NEIGHBORING STATES | GRANTMAKING | $57,775 | |||
| SOUTH ASIA | GRANTMAKING | $165,150 | |||
| SUB-SAHARAN AFRICA | GRANTMAKING | $72,473 | |||
| SOUTH AMERICA | GRANTMAKING | $237,020 | |||
| EAST ASIA AND THE PACIFIC | FUNDRAISING | $1,043,270 | 11 | ||
| EUROPE (INCLUDING ICELAND AND GREENLAND) | FUNDRAISING | $819,117 | 9 | ||
| MIDDLE EAST AND NORTH AFRICA | FUNDRAISING | $35,072 | 1 | ||
| NORTH AMERICA (CANADA & MEXICO ONLY) | FUNDRAISING | $71,734 | 4 | ||
| RUSSIA AND NEIGHBORING STATES | FUNDRAISING | $2,758 | |||
| SOUTH AMERICA | FUNDRAISING | $192,648 | 3 | ||
| SOUTH ASIA | FUNDRAISING | $76,719 | 1 | ||
| SUB-SAHARAN AFRICA | FUNDRAISING | $8,083 | 1 | ||
| CENTRAL AMERICA AND THE CARIBBEAN | PROGRAM SERVICES | $313,306 | |||
| EAST ASIA AND THE PACIFIC | PROGRAM SERVICES | EDUCATION/RESEARCH | $15,659,853 | 44 | 1 |
| EUROPE (INCLUDING ICELAND AND GREENLAND) | PROGRAM SERVICES | EDUCATION/RESEARCH | $12,304,855 | 12 | |
| MIDDLE EAST AND NORTH AFRICA | PROGRAM SERVICES | EDUCATION/RESEARCH | $1,971,522 | 1 | |
| NORTH AMERICA (CANADA & MEXICO ONLY) | PROGRAM SERVICES | EDUCATION/RESEARCH | $1,221,958 | ||
| RUSSIA AND NEIGHBORING STATES | PROGRAM SERVICES | EDUCATION/RESEARCH | $2,197,895 | ||
| SOUTH AMERICA | PROGRAM SERVICES | EDUCATION/RESEARCH | $2,290,792 | 3 | 1 |
| SOUTH ASIA | PROGRAM SERVICES | EDUCATION/RESEARCH | $1,742,593 | ||
| SUB-SAHARAN AFRICA | PROGRAM SERVICES | EDUCATION/RESEARCH | $1,139,424 | ||
| CENTRAL AMERICA AND THE CARIBBEAN | INVESTMENTS | $1,249,344,146 | |||
| EUROPE (INCLUDING ICELAND AND GREENLAND) | INVESTMENTS | $164,279,041 | |||
| NORTH AMERICA (CANADA & MEXICO ONLY) | INVESTMENTS | $3,156,070 | |||
| SUB-SAHARAN AFRICA | INVESTMENTS | $136,551,787 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Office | 2 | TotalOfficeCnt |
| Total Employee | 90 | TotalEmployeeCnt |
| Total Spent | $1,605,512,138 | TotalSpentAmt |
Grants To Org Outside US GrantsToOrgOutsideUSGrp (2 entries)
| RegionRegionTxt | Purpose Of GrantPurposeOfGrantTxt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt |
|---|---|---|---|
| EUROPE (INCLUDING ICELAND AND GREENLAND) | HONORARIA | $7,200 | CHECK |
| EUROPE (INCLUDING ICELAND AND GREENLAND) | HONORARIA | $14,857 | CHECK |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Org | 2 | TotalOtherOrgCnt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (41 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt |
|---|---|---|---|---|
| PSC | EAST ASIA AND THE PACIFIC | 4 | $16,000 | CHECK |
| PSC | NORTH AMERICA (CANADA & MEXICO ONLY) | 1 | $6,450 | CHECK |
| PSC | SOUTH AMERICA | 2 | $7,831 | CHECK |
| PSC | SOUTH ASIA | 5 | $19,050 | CHECK |
| MISTI | CENTRAL AMERICA AND THE CARIBBEAN | 1 | $5,000 | CHECK |
| MISTI | EAST ASIA AND THE PACIFIC | 71 | $228,114 | CHECK |
| MISTI | EUROPE (INCLUDING ICELAND AND GREENLAND) | 249 | $566,811 | CHECK |
| MISTI | MIDDLE EAST AND NORTH AFRICA | 121 | $283,625 | CHECK |
| MISTI | NORTH AMERICA (CANADA & MEXICO ONLY) | 22 | $24,025 | CHECK |
| MISTI | RUSSIA AND NEIGHBORING STATES | 15 | $47,400 | CHECK |
| MISTI | SOUTH AMERICA | 46 | $215,353 | CHECK |
| HONORARIA | CENTRAL AMERICA AND THE CARIBBEAN | 1 | $1,250 | CHECK |
| HONORARIA | EAST ASIA AND THE PACIFIC | 14 | $21,693 | CHECK |
| HONORARIA | EUROPE (INCLUDING ICELAND AND GREENLAND) | 62 | $115,727 | CHECK |
| HONORARIA | MIDDLE EAST AND NORTH AFRICA | 4 | $3,107 | CHECK |
| HONORARIA | NORTH AMERICA (CANADA & MEXICO ONLY) | 14 | $18,122 | CHECK |
| HONORARIA | RUSSIA AND NEIGHBORING STATES | 1 | $2,000 | CHECK |
| HONORARIA | SOUTH AMERICA | 4 | $4,600 | CHECK |
| HONORARIA | SOUTH ASIA | 3 | $2,000 | CHECK |
| PRIZES & AWARDS | CENTRAL AMERICA AND THE CARIBBEAN | 3 | $9,780 | CHECK |
| PRIZES & AWARDS | EAST ASIA AND THE PACIFIC | 60 | $72,260 | CHECK |
| PRIZES & AWARDS | EUROPE (INCLUDING ICELAND AND GREENLAND) | 40 | $42,112 | CHECK |
| PRIZES & AWARDS | MIDDLE EAST AND NORTH AFRICA | 14 | $10,774 | CHECK |
| PRIZES & AWARDS | NORTH AMERICA (CANADA & MEXICO ONLY) | 33 | $41,436 | CHECK |
| PRIZES & AWARDS | RUSSIA AND NEIGHBORING STATES | 3 | $3,207 | CHECK |
| PRIZES & AWARDS | SOUTH AMERICA | 7 | $10,000 | CHECK |
| PRIZES & AWARDS | SOUTH ASIA | 25 | $14,966 | CHECK |
| FELLOWSHIPS | CENTRAL AMERICA AND THE CARIBBEAN | 4 | $7,674 | CHECK |
| FELLOWSHIPS | EAST ASIA AND THE PACIFIC | 3 | $4,558 | CHECK |
| FELLOWSHIPS | EUROPE (INCLUDING ICELAND AND GREENLAND) | 14 | $17,953 | CHECK |
| FELLOWSHIPS | MIDDLE EAST AND NORTH AFRICA | 2 | $2,941 | CHECK |
| FELLOWSHIPS | NORTH AMERICA (CANADA & MEXICO ONLY) | 6 | $11,363 | CHECK |
| FELLOWSHIPS | RUSSIA AND NEIGHBORING STATES | 2 | $5,168 | CHECK |
| FELLOWSHIPS | SOUTH ASIA | 2 | $7,067 | CHECK |
| FELLOWSHIPS | SOUTH ASIA | 3 | $3,941 | CHECK |
| PSC | SUB-SAHARAN AFRICA | 18 | $49,833 | CHECK |
| MISTI | SOUTH ASIA | 96 | $125,193 | CHECK |
| MISTI | SUB-SAHARAN AFRICA | 4 | $10,500 | CHECK |
| PSC | CENTRAL AMERICA AND THE CARIBBEAN | 1 | $3,025 | CHECK |
| PRIZES & AWARDS | SUB-SAHARAN AFRICA | 7 | $9,271 | CHECK |
| FELLOWSHIPS | SUB-SAHARAN AFRICA | 6 | $13,369 | CHECK |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | Yes (true) | TransferToForeignCorpInd |
| Interest In Foreign Trust | Yes (true) | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (true) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (true) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (true) | ForeignPartnershipInd |
| Boycott Countries | Yes (true) | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule F, Part I, Line 2, Procedures for monitoring use of grant funds | MIT PROVIDES SEVERAL TYPES OF GRANTS AND ASSISTANCE TO FOREIGN INDIVIDUALS. FOR PRIZES AND AWARDS, THE INDIVIDUAL MUST HAVE MET THE SPECIFIC CRITERIA FOR THE PARTICULAR PRIZE OR AWARD TO BE SELECTED. IN THE CASE OF FELLOWSHIPS, THE INDIVIDUAL IS REQUIRED TO UTILIZE THE FUNDS IN FURTHERANCE OF THEIR EDUCATION AT MIT. GRANTS ARE MADE IN THE CONTEXT OF ACADEMIC OR RESEARCH PROGRAMS: RECIPIENTS SPEND THEIR GRANT FUNDS UNDER THE SUPERVISION OF THE PROGRAM AND ARE ACCOUNTABLE THROUGH THE PROGRAM FOR THE USE OF THE FUNDS. |
| SCHEDULE F, PART I, LINE 3(A), LINE 3A | A SUBRECIPIENT AGREEMENT IS A RESEARCH SUBCONTRACT WHERE MIT ENGAGES A THIRD PARTY TO PERFORM EXPERIMENTAL, DEVELOPMENTAL, OR RESEARCH WORK GENERALLY IN CONNECTION WITH A SPONSORED RESEARCH AGREEMENT. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | MCDERMOTT GALA | NameOfEvent1Amt |
| Gross Receipts Event1 | $187,199 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $179,699 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $7,500 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $2,444 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $59,332 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $2,405 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $31,429 | OtherDirectExpensesEvent1Amt |
| Gross Revenue Event2 | $0 | GrossRevenueEvent2Amt |
| Gross Revenue Other Events | $0 | GrossRevenueOtherEventsAmt |
| Gross Receipts Total | $187,199 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $179,699 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $7,500 | GrossRevenueTotalEventsAmt |
| Cash Prizes Total Events | $0 | CashPrizesTotalEventsAmt |
| Non Cash Prizes Total Events | $0 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $2,444 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $59,332 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $2,405 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $31,429 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $95,610 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$88,110 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (23 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|
| ALPHA DELTA PHI | ||||||
| 351 MASS AVE | CAMBRIDGE | MA | 02139 | 501(C)(7) | $12,709 | IRDF GRANT |
| ALPHA PHI | ||||||
| 479 COMMONWEALTH AVE | BOSTON | MA | 02215 | 501(C)(7) | $26,433 | IRDF GRANT |
| BETA THETA PI | ||||||
| 119-120 BAYSTATE ROAD | BOSTON | MA | 02215 | 501(C)(7) | $21,301 | IRDF GRANT |
| CHI PHI | ||||||
| 32 HEREFORD ST | BOSTON | MA | 02215 | 501(C)(7) | $56,529 | IRDF GRANT |
| DELTA KAPPA EPSILON | ||||||
| 403 MEMORIAL DRIVE | CAMBRIDGE | MA | 02139 | 501(C)(7) | $12,501 | IRDF GRANT |
| MIT STUDENT HOUSE | ||||||
| 111 BAY STATE ROAD BOSTON MA 02115 | BOSTON | MA | 02215 | 501(C)(7) | $8,178 | IRDF GRANT |
| NU DELTA | ||||||
| 460 BEACON STREET | BOSTON | MA | 02215 | 501(C)(7) | $13,180 | IRDF GRANT |
| PHI KAPPA SIGMA FRATERNITY | ||||||
| 530 BEACON STREET | BOSTON | MA | 02215 | 501(C)(7) | $32,896 | IRDF GRANT |
| PIKA | ||||||
| 69 CHESTNUT STREET | CAMBRIDGE | MA | 02139 | 501(C)(7) | $13,628 | IRDF GRANT |
| SIGMA ALPHA EPSILON | ||||||
| 165 BAY STATE ROAD | BOSTON | MA | 02215 | 501(C)(7) | $12,881 | IRDF GRANT |
| SIGMA KAPPA | ||||||
| 480 COMMONWEALTH AVE | BOSTON | MA | 02215 | 501(C)(7) | $13,369 | IRDF GRANT |
| SIGMA NU | ||||||
| 28 THE FENWAY | BOSTON | MA | 02215 | 501(C)(7) | $25,298 | IRDF GRANT |
| SIGMA PHI EPSILON | ||||||
| 515 BEACON STREET | BOSTON | MA | 02215 | 501(C)(7) | $19,302 | IRDF GRANT |
| THETA CHI | ||||||
| 528 BEACON ST | BOSTON | MA | 02215 | 501(C)(7) | $11,336 | IRDF GRANT |
| THETA DELTA CHI | ||||||
| 372 MEMORIAL DRIVE | CAMBRIDGE | MA | 02139 | 501(C)(7) | $10,821 | IRDF GRANT |
| THETA XI | ||||||
| 64 BAY STATE ROAD | BOSTON | MA | 02215 | 501(C)(7) | $8,875 | IRDF GRANT |
| WILG | ||||||
| 355 MASS AVE | CAMBRIDGE | MA | 02474 | 501(C)(7) | $7,405 | IRDF GRANT |
| ZETA BETA TAU | ||||||
| 58 MANCHESTER ROAD | BROOKLINE | MA | 02446 | 501(C)(7) | $16,829 | IRDF GRANT |
| ALDEN GALLERIES INCORPORATED | ||||||
| 387 WASHINGTON ST 801 | BOSTON | MA | 02108 | $6,478 | PRIZE/AWARD | |
| JOSTENS INC | ||||||
| 148 EAST BROADWAY | OWATONNA | MN | 55060 | $5,940 | PRIZE/AWARD | |
| SOLAR TURBINE GROUP INTERNATIONAL | ||||||
| PO BOX 426152 | CAMBRIDGE | MA | 02142 | $10,070 | PRIZE/AWARD | |
| UNIFIED SOLAR INC | ||||||
| 550 MEMORIAL DRIVE 17C-2 | CAMBRIDGE | MA | 02139 | $100,000 | PRIZE/AWARD | |
| USB PROMOS | ||||||
| 268 BUSH STREET NUMBER 4302 | SAN FRANCISCO | CA | 94104 | $9,615 | PRIZE/AWARD | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 0 | Total501c3OrgCnt |
| Total Other Org | 23 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (7 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc | Cash GrantCashGrantAmt |
|---|---|---|---|---|---|
| TUITION SUPPORT | 7476 | $343,098,000 | FMV | APPLIED TO STUDENTS' TUITION OBLIGATION | |
| HONORARIA | 793 | $755,572 | |||
| PRIZES AND AWARDS | 1154 | $2,076,416 | |||
| PUBLIC SERVICE CENTER FELLOWSHIPS | 27 | $82,076 | |||
| MIT STUDENT STIPENDS & FELLOWSHIPS | 2036 | $37,136,885 | |||
| NON-MIT STUDENT FELLOWSHIPS & STIPENDS | 483 | $14,532,163 | |||
| STUDENT WAGES | 8338 | $99,890,000 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule I, Part I, Line 2, Procedures for monitoring use of grant funds | FormAndLineReferenceDesc |
| Explanation | MIT PROVIDES SEVERAL TYPES OF GRANTS AND ASSISTANCE TO INDIVIDUALS AND ORGANIZATIONS. FOR PRIZES AND AWARDS, THE INDIVIDUAL OR ORGANIZATION MUST HAVE MET THE SPECIFIC CRITERIA TO BE SELECTED FOR THE PRIZE OR AWARD. IN THE CASE OF FELLOWSHIPS AND SCHOLARSHIPS, THE INDIVIDUAL IS REQUIRED TO UTILIZE THE FUNDS IN FURTHERANCE OF THEIR EDUCATION AT MIT. MIT MAKES GRANTS TO SEVERAL LOCAL CHAPTERS OF NATIONAL FRATERNITIES, SORORITIES AND INDEPENDENT LIVING GROUPS. THESE ORGANIZATIONS ARE COMPRISED OF MIT STUDENTS, AND HOUSE THESE STUDENTS. GRANTS ARE MADE TO SUPPORT THE OPERATIONAL COSTS OF THE EDUCATIONAL PURPOSES OF THE HOUSES (SO THAT THE HOUSES STAY CONSISTENT WITH MIT'S MISSION). IN ORDER FOR AN ORGANIZATION TO RECEIVE AN IRDF GRANT, THEY MUST GO THROUGH A RIGOROUS APPLICATION PROCESS. MIT GENERALLY DOES NOT MAKE DISBURSEMENTS TO INDIVIDUALS OR ORGANIZATIONS FOR CHARITABLE PURPOSES, EXCEPT THROUGH THE MIT COMMUNITY SERVICE FUND. THIS FUND'S RESOURCES COME PRIMARILY FROM CONTRIBUTIONS FROM MEMBERS OF THE MIT COMMUNITY. MIT DISBURSES THESE FUNDS FOR CHARITABLE PURPOSES INCLUDING SMALL GRANTS, INSUBSTANTIAL IN THE AGGREGATE, TO LOCALLY BASED CHARITABLE ORGANIZATIONS FOR THE PURPOSE OF FOSTERING BETTER COMMUNITY RELATIONS. PROCEDURES OF THE INSTITUTE WITH RESPECT TO ADMISSIONS, SCHOLARSHIPS, FELLOWSHIPS, AND STUDENT LOANS ARE PUBLICIZED IN THE INSTITUTE BULLETIN WHICH CONSTITUTES ITS CATALOGUE. GRANTS ARE MADE IN THE CONTEXT OF ACADEMIC OR RESEARCH PROGRAMS: RECIPIENTS SPEND THEIR GRANT FUNDS UNDER THE SUPERVISION OF THE PROGRAM AND ARE ACCOUNTABLE THROUGH THE PROGRAM FOR THE USE OF THE FUNDS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (true) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (20 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule J, Part I, Line 1a, First-class or charter travel | SCHEDULE J, PART I, LINES 1A AND B MIT FOLLOWS A WRITTEN POLICY OR WRITTEN EMPLOYMENT AGREEMENT WITH RESPECT TO THE PAYMENT OR REIMBURSEMENT OF ALL OF THE EXPENSES SPECIFIED IN PART I, LINE 1A THAT MIT PAYS OR REIMBURSES. MIT ALLOWS BUSINESS/FIRST CLASS TRAVEL AND COMPANION TRAVEL PURSUANT TO GUIDELINES INCLUDED IN A WRITTEN TRAVEL POLICY. ALL MIT EMPLOYEES, INCLUDING OFFICERS, TRUSTEES, KEY EMPLOYEES AND HIGHLY COMPENSATED INDIVIDUALS, ARE SUBJECT TO THE SAME WRITTEN TRAVEL POLICY. |
| Schedule J, Part I, Line 1a, Travel for companions | COMPANION TRAVEL IS ONLY REIMBURSED BY MIT IF THERE IS A BONA FIDE BUSINESS PURPOSE FOR THE COMPANION TO TRAVEL,CONSISTENT WITH MIT'S WRITTEN POLICY. DOCUMENTATION OF THE COMPANION'S BUSINESS PURPOSE IS REQUIRED. |
| Schedule J, Part I, Line 1a, Tax indemnification and gross-up payments | ONE OF THE INDIVIDUALS DISCLOSED IN SCHEDULE J RECEIVES LIMITED TAX INDEMNIFICATION AND GROSS UP PAYMENTS. ALL TAX INDEMNIFICATION AND GROSS UP PAYMENTS ARE PURSUANT TO A WRITTEN EMPLOYMENT AGREEMENT. |
| Schedule J, Part I, Line 1a, Housing allowance or residence for personal use | THE MIT PRESIDENT IS REQUIRED TO LIVE IN AN MIT OWNED CAMPUS RESIDENCE AS A CONDITION OF EMPLOYMENT AND AS A CONVENIENCE TO MIT. 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 fees | MIT 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 services | MIT PAYS FOR HOUSEKEEPING OF THE PUBLIC AREAS OF THE HOUSE AND MIT INCLUDES IN THE PRESIDENT'S TAXABLE INCOME AN AMOUNT OF EXPENSES RELATED TO HOUSEKEEPING SERVICES FOR THE PORTION OF THE MIT OWNED RESIDENCE USED BY THE PRESIDENT'S FAMILY AS THEIR PRIVATE RESIDENCE. |
| Schedule J, Part I, Line 4b, Supplemental nonqualified retirement plan | AS 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 payments | THE MIT INVESTMENT MANAGEMENT COMPANY PAYS CERTAIN EMPLOYEES NON-FIXED AMOUNTS PURSUANT TO AN INCENTIVE COMPENSATION PROGRAM THAT BASES COMPENSATION PAYMENTS ON A NUMBER OF FACTORS. THE PRIMARY BASIS FOR INCENTIVE COMPENSATION PAYMENTS IS THE PERFORMANCE OF MIT'S ENDOWMENT RELATIVE TO PEER AND MARKET BENCHMARKS. THIS IS A COMMON PRACTICE IN HIGHER ED ENDOWMENT MANAGEMENT. |
| SCHEDULE J, PART II, FORM 990, PART VII | THE INDIVIDUALS DISCLOSED IN PART VII OF FORM 990 OFTEN DEVOTE MORE HOURS TO THEIR POSITION THAN THE NUMBER OF HOURS LISTED, WHICH REPRESENT ESTIMATES OF AVERAGE HOURS. INDIVIDUALS WHO ARE ALSO ON THE BOARDS OF MIT'S SUBSIDIARIES AND RELATED ORGANIZATIONS WORK AN ADDITIONAL ESTIMATE OF 1 TO 3 HOURS PER WEEK AS LISTED IN COLUMN (B) OF FORM 990, PART VII. |
| SCHEDULE J, PART 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 ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| MASSACHUSETTS HEALTH & EDUCATIONAL FAC | ||||||||
| A | 042456011 | 57585K3G1 | 2003-05-07 | $204,790,814 | CONSTRUCTION/RENOVATION/REFUND | false | false | false |
| MASSACHUSETTS HEALTH & EDUCATIONAL FAC | ||||||||
| B | 042456011 | 57586CBP9 | 2004-04-02 | $150,854,243 | CONSTRUCTION AND RENOVATION | false | false | false |
| MASSACHUSETTS HEALTH & EDUCATIONAL FAC | ||||||||
| C | 042456011 | 57586C8G3 | 2008-08-13 | $334,995,460 | CONSTRUCTION AND RENOVATION | false | false | false |
| MASSACHUSETTS HEALTH & EDUCATIONAL FAC | ||||||||
| D | 042456011 | 57586ECM1 | 2009-01-08 | $274,996,289 | CONSTRUCTION AND RENOVATION | false | false | false |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Bond DefeasedBondDefeasedAmt | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Capitalized InterestCapitalizedInterestAmt | Refunding EscrowRefundingEscrowAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Credit EnhancementCreditEnhancementAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | UnspentUnspentAmt | Substantial CompletionSubstantialCompletionYr | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $43,190,000 | $0 | $205,361,235 | $0 | $0 | $0 | $1,040,170 | $0 | $0 | $204,321,064 | $0 | $0 | 2005 | Yes (true) | false | Yes (true) | Yes (true) |
| B | $0 | $0 | $151,599,210 | $0 | $0 | $0 | $854,243 | $0 | $0 | $150,744,967 | $0 | $0 | 2005 | false | false | Yes (true) | Yes (true) |
| C | $0 | $0 | $336,035,127 | $0 | $0 | $0 | $1,575,675 | $0 | $0 | $334,459,512 | $0 | $0 | 2010 | false | false | Yes (true) | Yes (true) |
| D | $0 | $0 | $276,649,117 | $0 | $0 | $0 | $1,558,146 | $0 | $0 | $275,090,971 | $0 | $0 | 2010 | false | false | Yes (true) | Yes (true) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Engage Bond Counsel ResearchEngageBondCounselResearchInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | false | false | Yes (true) | false | Yes (true) | false | 0.01900 | 0.00000 | 0.01900 | false | false | Yes (true) |
| B | false | false | Yes (true) | false | Yes (true) | false | 0.01900 | 0.01900 | false | false | Yes (true) | |
| C | false | false | Yes (true) | false | Yes (true) | false | 0.01200 | 0.01200 | false | false | Yes (true) | |
| D | false | false | Yes (true) | false | Yes (true) | false | 0.03300 | 0.00000 | 0.03300 | false | false | Yes (true) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Exception To RebateExceptionToRebateInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd | Term Of HedgeTermOfHedgePct | Term Of GICTermOfGICPct |
|---|---|---|---|---|---|---|---|---|---|
| A | false | Yes (true) | false | false | false | false | Yes (true) | ||
| B | false | Yes (true) | false | false | false | false | Yes (true) | ||
| C | false | Yes (true) | false | false | false | false | Yes (true) | 0.0 | 0.0 |
| D | false | Yes (true) | false | false | false | false | Yes (true) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (true) |
| B | Yes (true) |
| C | Yes (true) |
| D | Yes (true) |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE K, PART I, COLUMN (A), SCHEDULE K, PART I, LINE A | DETAILS 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 3 | TOTAL PROCEEDS ARE NOT IDENTICAL TO THE ISSUE PRICE LISTED IN PART I COLUMN (E) DUE TO INVESTMENT EARNINGS. |
| SCHEDULE K, PART III, LINE 3B, SCHEDULE K, PART III, LINE 3B & 3D | MIT ROUTINELY REVIEWS RESEARCH AGREEMENTS RELATING TO ITS BOND-FINANCED PROPERTY FOR PRIVATE BUSINESS USE, USING EITHER IN-HOUSE COUNSEL, OUTSIDE COUNSEL, OR PROFESSIONAL CONTRACT REVIEWERS WHO HAVE EXTENSIVE EXPERIENCE WITH RESPECT TO THE PRIVATE BUSINESS USE RULES AND THE SAFE HARBORS SET FORTH IN REV. PROC. 2007-47 AND REV. PROC. 97-13. |
| SCHEDULE K, PART III, LINE 4, SCHEDULE K, PART III, LINE 4 | PRIVATE BUSINESS USE ADDITIONAL INFORMATION SINCE THE IRS FIRST ISSUED ITS UNDERLYING REVENUE PROCEDURES 1997-13 AND 1997-14, IT HAS BEEN MIT'S POLICY TO ENSURE THAT ITS MANAGEMENT CONTRACTS FALL WITHIN REVENUE PROCEDURE 97-13'S SAFE HARBOR, AND THAT ITS PRIVATE SPONSORED RESEARCH CONTRACTS FALL WITHIN THE REVENUE PROCEDURE 2007-47'S SAFE HARBOR (TOGETHER, THESE TWO TYPES OF CONTRACTS ARE REFERRED TO IN THIS FORM 990 AS "OUTSIDE CONTRACTS"). THIS POLICY ENSURES THAT IN THE UNLIKELY EVENT THAT PRIVATE BUSINESS USE MIGHT ARISE THAT SUCH USE WILL BE MAINTAINED AT A LEVEL THAT IS BELOW THE 5% SAFE HARBOR OF EACH BOND ISSUE. MIT REGULARLY REVIEWS ITS PROCEDURES IN ORDER TO ENSURE COMPLIANCE WITH ITS PRIVATE BUSINESS USE POLICY. |
Schedule K IRS990ScheduleK
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SUSAN HOCKFIELD | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship With Org | PRESIDENT EMERITA & PROFESSOR | RelationshipWithOrgTxt |
| Loan Purpose | MORTGAGE | LoanPurposeTxt |
| Loan From Organization | Yes (X) | LoanFromOrganizationInd |
| Original Principal | $500,000 | OriginalPrincipalAmt |
| Balance Due | $500,000 | BalanceDueAmt |
| Default | false | DefaultInd |
| Board Or Committee Approval | Yes (true) | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (true) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $500,000 | TotalBalanceDueAmt |
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHILDREN'S SCHOLARSHIP | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship With Org | CHILDREN OF QUALIFIED FACULTY | RelationshipWithOrgTxt |
| Cash Grant | $155,235 | CashGrantAmt |
| Type Of Assistance | SCHOLARSHIP | TypeOfAssistanceTxt |
| Assistance Purpose | SCHOLARSHIP | AssistancePurposeTxt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE L, PART III, LINE 1 - CHILDREN'S SCHOLARSHIPS | ALTHOUGH THERE MAY BE RECIPIENTS WHO ARE RELATED TO PERSONS HAVING AN INTEREST IN THE INSTITUTE, SUCH RECIPIENTS ARE SELECTED ON THE BASIS OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED, AND OTHER SIMILAR STANDARDS. |
| SCHEDULE L, PART IV, PART IV | THE 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 14 | ContributionCnt |
| Noncash Contributions Rpt F990 | $0 | NoncashContributionsRptF990Amt |
Books And Publications BooksAndPublicationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
Clothing And Household Goods ClothingAndHouseholdGoodsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 734 | ContributionCnt |
| Noncash Contributions Rpt F990 | $29,740,582 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | MARKET VALUE | MethodOfDeterminingRevenuesTxt |
Securities Closely Held Stock SecuritiesCloselyHeldStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 3 | ContributionCnt |
| Noncash Contributions Rpt F990 | $42,761 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | MARKET VALUE | MethodOfDeterminingRevenuesTxt |
Securities Miscellaneous SecuritiesMiscellaneousGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 6 | ContributionCnt |
| Noncash Contributions Rpt F990 | $169,259 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | MARKET VALUE | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (3 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | EQUIPMENT | 11 | $1,293,286 | MARKET VALUE |
| Yes (X) | ARCHIVAL RECORDS | 21 | $0 | |
| Yes (X) | OTHER | 18 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 2 | Form8283ReceivedCnt |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (true) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (true) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule M, Part I, Explanations of reporting method for number of contributions | ART - WORKS OF ART: NUMBER OF CONTRIBUTIONS SECURITIES - PUBLICLY TRADED: NUMBER OF ITEMS SECURITIES - CLOSELY HELD STOCK: NUMBER OF ITEMS SECURITIES - MISCELLANEOUS: NUMBER OF ITEMS OTHER: NUMBER OF CONTRIBUTIONS OTHER: NUMBER OF CONTRIBUTIONS OTHER: NUMBER OF CONTRIBUTIONS |
| SCHEDULE M, PART I, LINE 33 | MIT RECORDS ITEMS OF COLLECTIONS AS A GIFT AT NOMINAL VALUE. THEY ARE RECEIVED FOR EDUCATIONAL PURPOSES AND GENERALLY DISPLAYED THROUGHOUT MIT.THEY ARE NOT DISPOSED OF FOR FINANCIAL GAIN OR OTHERWISE ENCUMBERED IN ANY MANNER. |
| Schedule M, Part I, Line 32b, Third parties used to solicit, process, or sell noncash contributions | MIT REAL ESTATE FOUNDATION, INC.'S PRIMARY PURPOSE IS TO HOLD AND SELL GIFTS OF REAL ESTATE AND PROPERTY FOR THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY. |
| Schedule M, part I, 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 ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, LINE 1A, PART VI, LINE 1A | THE MIT BYLAWS VEST IN THE EXECUTIVE COMMITTEE OF THE MIT CORPORATION THE RESPONSIBILITY FOR OVERSEEING THE GENERAL ADMINISTRATION AND SUPERINTENDENCE OF ALL MATTERS RELATING TO MIT, INCLUDING ITS EDUCATIONAL AND RESEARCH PROGRAMS, ADMINISTRATION PERFORMANCE, FINANCIAL AFFAIRS, ENDOWMENT, REAL PROPERTY, POLICIES, SYSTEMS, CONTROLS, SPECIAL CONTRACT SERVICES, AND FACULTY TENURE DECISION APPROVAL. THE EXECUTIVE COMMITTEE CONSISTS OF 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 1B | IN 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 2 | CLAUDE 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 body | THE MIT CORPORATION ELECTS THE NON EX-OFFICIO MEMBERS OF MIT'S GOVERNING BODY (THE EXECUTIVE COMMITTEE OF THE CORPORATION). EX-OFFICIO MEMBERS OF THE EXECUTIVE COMMITTEE ARE THE CHAIR OF THE CORPORATION, THE PRESIDENT, THE EXECUTIVE VICE-PRESIDENT AND TREASURER, AND THE CHAIR OF THE INVESTMENT MANAGEMENT COMPANY BOARD OF DIRECTORS. |
| Form 990, Part VI, Sec B, Line 10b, Monitoring compliance of local unit's activities | THE 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 body | MIT'S OFFICERS RESPONSIBLE FOR MIT'S TAX MATTERS PREPARE MIT'S FORM 990 WITH EXTENSIVE ASSISTANCE FROM MIT'S ACADEMIC AND ADMINISTRATIVE UNITS. SENIOR MIT OFFICERS THEN REVIEW THE FORM 990. FOLLOWING THAT REVIEW AND BEFORE THE FORM 990 IS FILED, MIT'S RISK AND AUDIT COMMITTEE AND EXECUTIVE COMMITTEE (MIT'S GOVERNING BODY) ARE PROVIDED WITH THE FORM AND RELATED SCHEDULES FOR THEIR REVIEW AND COMMENT. |
| Form 990, Part VI, Sec B, Line 12c, Conflict of interest policy | MONITORING AND ENFORCING COMPLIANCE WITH CONFLICT OF INTEREST POLICIES DISCLOSURE: MIT HAS TWO PRIMARY CONFLICT OF INTEREST POLICIES - THE POLICY CONCERNING AVOIDANCE OF CONFLICTS OF INTEREST WHICH COVERS ALL INDIVIDUALS SERVING ON THE MIT EXECUTIVE COMMITTEE (MIT'S GOVERNING BODY) AND CORPORATION, AND THE SECTION OF MIT'S POLICIES AND PROCEDURES TITLED CONFLICT OF INTEREST, WHICH IS GENERALLY APPLICABLE TO MEMBERS OF THE MIT COMMUNITY. ANNUAL DISCLOSURE BOTH POLICIES REQUIRE THAT COVERED INDIVIDUALS ANNUALLY ACKNOWLEDGE IN WRITING THAT THEY ARE AWARE OF THE POLICY AND IDENTIFY ANY RELATIONSHIPS OR RESPONSIBILITIES THAT HAVE THE POTENTIAL OF PRODUCING CONFLICTS OF INTEREST. EACH YEAR, DISCLOSURE FORMS ARE DISTRIBUTED TO THOSE COVERED BY THESE POLICIES. IF A RESPONSE REVEALS A CONFLICT OR POTENTIAL CONFLICT, SUCH CONFLICT IS REFERRED TO THE APPROPRIATE INDIVIDUAL OR BODY FOR CONSIDERATION AND MANAGEMENT. AD HOC DISCLOSURE IN ADDITION TO THE ANNUAL DISCLOSURE PROCESS, POTENTIAL CONFLICTS OF INTEREST OF INDIVIDUALS SERVING ON THE MIT EXECUTIVE COMMITTEE, ON THE CORPORATION OR AS OFFICERS ARE RAISED, CONSIDERED AND ADDRESSED ON AN 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 official | THE SALARY SUBCOMMITTEE, A SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE OF THE MIT CORPORATION, REVIEWS DATA REGARDING PAY COMPARISONS OF OTHER PEER INSTITUTIONS. THE DATA ARE COLLECTED AND PRESENTED TO MIT BY 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 employees | THE SALARY SUBCOMMITTEE, A SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE OF THE MIT CORPORATION, REVIEWS DATA REGARDING PAY COMPARISONS OF OTHER PEER INSTITUTIONS. THE DATA ARE COLLECTED AND PRESENTED TO MIT BY 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 public | THE 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/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd |
|---|---|---|---|---|---|---|---|---|---|---|
| MIT REAL ESTATE LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 810643869 | REAL ESTATE | MA | $2,252,663 | $62,700,000 | MIT | |
| TECHNOLOGY SQUARE FINANCE LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | REAL ESTATE | MA | $0 | $0 | MIT | ||
| MIT 130 BROOKLINE LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | -$63,698 | $41,500,000 | MIT | |
| MIT 170171 SIDNEY LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | $147,340 | $3,490,000 | MIT | |
| MIT 300 THIRD LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | $922,470 | $21,775,000 | MIT | |
| MIT 770790 MEMORIAL LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | $687,599 | $16,140,000 | MIT | |
| MIT 99 ERIE LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | $155,177 | $3,670,000 | MIT | |
| MIT 185 ALBANY SPE LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | REAL ESTATE | MA | $0 | $0 | MIT | ||
| MIT 195 ALBANY SPE LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | -$532,910 | $9,150,000 | MIT | |
| MIT 207 ALBANY SPE LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | -$39,574 | $4,200,000 | MIT | |
| MIT 8 CARLETON STREET LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | -$106,049 | $4,200,000 | MIT | |
| MIT WEST 300 BLOCK MASS AVE FEE OWNER LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | $379,112 | $11,958,000 | MIT | |
| MIT 128 SIDNEY SPE LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | $120 | $2,399 | MIT | |
| MIT 148 SIDNEY SPE LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | $120 | $2,388 | MIT | |
| MIT 149 SIDNEY SPE LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | $120 | $2,388 | MIT | |
| MIT 640 MEMORIAL SPE LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | $10 | $201 | MIT | |
| MIT ONE BROADWAY FEE OWNER LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | $120 | $2,399 | MIT | |
| MIT 177 MASSACHUSETTS AVENUE LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | $10 | $200 | MIT | |
| MIT 650 MAIN STREET LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | $360 | $7,339 | MIT | |
| MIT 424-456 MASSACHUSETTS AVENUE LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | $10 | $202 | MIT | |
| MIT 281-295 ALBANY STREET LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | $10 | $202 | MIT | |
| MIT 12 EMILY STREET LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 464268263 | REAL ESTATE | MA | $10 | $203 | MIT | |
| 134 MASSACHUSETTS AVENUE FEE OWNER LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 464682035 | REAL ESTATE | MA | $120 | $2,455 | MIT | |
| MIT 620 MEMORIAL LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 464238931 | REAL ESTATE | MA | $3,110 | $0 | MIT | |
| MIT 128 SIDNEY LEASEHOLD LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | $2,091,417 | $21,000,000 | MIT | |
| MIT 148 SIDNEY LEASEHOLD LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | $23,797 | $8,800,000 | MIT | |
| MIT 149 SIDNEY LEASEHOLD LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | $1,622,025 | $19,045,000 | MIT | |
| MIT 640 MEMORIAL LEASEHOLD LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 461548002 | REAL ESTATE | MA | $4,508,997 | $149,000,000 | MIT | |
| MIT ONE BROADWAY LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | $8,528,305 | $152,000,000 | MIT | |
| 177 MASSACHUSETTS AVENUE LEASEHOLD LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | $10,567,170 | $248,900,000 | MIT | |
| 650 MAIN STREET LEASEHOLD LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | $0 | $0 | MIT | |
| 424-456 MASSACHUSETTS AVENUE LEASEHOLD LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | $864,982 | $13,900,000 | MIT | |
| 281-295 ALBANY STREET LEASEHOLD LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | $1,616,946 | $16,200,000 | MIT | |
| 12 EMILY STREET LEASEHOLD LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | $1,022,003 | $10,600,000 | MIT | |
| 134 MASSACHUSETTS AVENUE LEASEHOLD LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 464695223 | REAL ESTATE | MA | $693,003 | $9,400,000 | MIT | |
| 610 MAIN STREET SOUTH LEASEHOLD LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 463904926 | REAL ESTATE | MA | $2,060,689 | $231,400,000 | MIT | |
| 700 MAIN STREET LEASEHOLD LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 463910601 | REAL ESTATE | MA | $405,225 | $118,500,000 | MIT | |
| 610-700 MAIN GARAGE LEASEHOLD LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 463997167 | REAL ESTATE | MA | -$65,798 | $0 | MIT | |
| MIT 351 VASSAR LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 464168318 | REAL ESTATE | MA | $3,043 | $1,500,000 | MIT | |
| 620 MEMORIAL LEASEHOLD LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 464249493 | REAL ESTATE | MA | -$147,373 | $30,500,000 | MIT | |
| 610 MAIN STREET NORTH LEASEHOLD LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 464624112 | REAL ESTATE | MA | -$81,627 | $49,000,000 | MIT | |
| MIT 636 PUTNAM AVENUE LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 465619441 | REAL ESTATE | MA | $0 | $0 | MIT | |
| 610 MAIN STREET SOUTH TRUSTEE LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | REAL ESTATE | MA | $0 | $0 | MIT | ||
| 700 MAIN STREET TRUSTEE LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | REAL ESTATE | MA | $0 | $0 | MIT | ||
| 610-700 MAIN GARAGE TRUSTEE LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | REAL ESTATE | MA | $0 | $0 | MIT | ||
| MIT WEST 300 BLOCK JV LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | $2,671,737 | $18,200,000 | MIT | |
| MIT EAST 300 BLOCK JV LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | -$2,153 | $276,667 | MIT | |
| TECH SQUARE JV LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 205242541 | REAL ESTATE | MA | $2,553,632 | $89,190,000 | MIT | |
| MEADOWLARK ASSOCIATES LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | INVESTMENTS | DE | -$23,134,558 | $113,392,451 | MIT | |
| BLUE JAY ASSOCIATES LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | INVESTMENTS | DE | $0 | $0 | MIT | |
| PEF LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 261424379 | INVESTMENTS | DE | $1,383,521 | $8,902,367 | MIT | |
| MIT PRIVATE EQUITY LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 043490003 | INVESTMENTS | MA | $10,745 | $94,122 | MIT | |
| MIT PRIVATE EQUITY MANAGEMENT COMPANY LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 043490002 | INVESTMENTS | MA | $77,791 | $54,983 | MIT | |
| MIT PRIVATE EQUITY MANAGEMENT COMPANY II LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 431964717 | INVESTMENTS | MA | $130,672 | $237 | MIT | |
| MIT PRIVATE EQUITY MANAGEMENT COMPANY III LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 204639870 | INVESTMENTS | MA | $561,339 | $287 | MIT | |
| MIT PRIVATE EQUITY MANAGEMENT COMPANY IV LLC | ||||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 261356780 | INVESTMENTS | MA | $269,315 | $51,610 | MIT | |
| MIT FOUNDATION UK LTD | ||||||||||
| 981192046 | MIT SUPPORT | MIT | UK | |||||||
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (9 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| MIT ENTERPRISE FORUM INC | ||||||||||
| 77 MASSACHUSETTS AVENUE | CAMBRIDGE | MA | 02142 | 042921492 | EDUCATION | MA | 501(C)(3) | 9 | TECHNOLOGY REVIEW | Yes (true) |
| MIT REAL ESTATE FOUNDATION INC | ||||||||||
| 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 043397800 | REAL ESTATE | MA | 501(C)(3) | 11 - Type I | MIT | Yes (true) |
| TECHNOLOGY REVIEW INC | ||||||||||
| ONE MAIN STREET 7TH FLOOR | CAMBRIDGE | MA | 02142 | 954893200 | PUBLICATION | MA | 501(C)(3) | 11 - Type I | MIT | Yes (true) |
| TECHNOLOGY BROADCASTING CORPORATION | ||||||||||
| 3 AMES STREET | CAMBRIDGE | MA | 02142 | 237154684 | RADIO | MA | 501(C)(3) | 9 | MIT | Yes (true) |
| LORD FOUNDATION OF MASSACHUSETTS INC | ||||||||||
| 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 042748895 | MIT SUPPORT | MA | 501(C)(3) | 11 - Type I | MIT | Yes (true) |
| MIT RETIREE WELFARE BENEFIT TRUST | ||||||||||
| 77 MASSACHUSETTS AVENUE NE 49-31 | CAMBRIDGE | MA | 02142 | 043177556 | HEALTH BEN. | MA | 501(C)(3) | 11 - Type I | MIT | Yes (true) |
| KENDALL PARTNERS I INC | ||||||||||
| 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 270565900 | TITLE HOLD | MA | 501(C)(2) | N/A | MIT | Yes (true) |
| THE MASSACHUSETTS GREEN HIGH PERFORMANCE | ||||||||||
| 100 BIGELOW STREET | HOLYOKE | MA | 01040 | 273014805 | RESEARCH | MA | 501(C)(3) | 11 - Type I | NA | false |
| MGHPCC HOLYOKE INC | ||||||||||
| 100 BIGELOW STREET | HOLYOKE | MA | 01041 | 452257442 | RESEARCH | MA | 501(C)(3) | 11 - Type I | NA | false |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (19 entries)
| EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Predominant Income TypePredominantIncomeTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | Disproportionate AllocationsDisproportionateAllocationsInd | UBI Code VUBICodeVAmt | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct | Legal Domicile StateLegalDomicileStateCd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ALCHEMY PLAN (CAMBRIDGE) LP | |||||||||||
| 980203250 | INVESTMENTS | GK | MIT | EXCLUDED | $7,844,578 | $22,928,534 | false | $0 | false | 0.9901 | |
| MD INVESTORS VALUE FUND | |||||||||||
| 300615514 | INVESTMENTS | MIT INVESTMENTS 2010 LP | EXCLUDED | $26,408,230 | $209,591,494 | false | $0 | false | 0.97672 | DE | |
| MALLARD FUND LP | |||||||||||
| 208974201 | INVESTMENTS | MEADOWLARK ASSOCIATES LLC | EXCLUDED | -$23,134,558 | $113,392,451 | false | $0 | false | 0.99718 | TX | |
| MERCKX CAPITAL PARTNERS LP | |||||||||||
| 364711803 | INVESTMENTS | MIT INVESTMENTS 2010 LP | EXCLUDED | $6,297,742 | $79,653,607 | false | $0 | false | 0.85555 | DE | |
| MFPLA LP | |||||||||||
| 453203773 | INVESTMENTS | MIT INVESTMENTS 2010 LP | EXCLUDED | $29,221,544 | $336,472,266 | false | $0 | false | 0.91856 | DE | |
| MGPLA LP | |||||||||||
| 453625653 | INVESTMENTS | MIT INVESTMENTS 2010 LP | EXCLUDED | $3,839,355 | $57,999,434 | false | $0 | false | 0.93503 | DE | |
| MIT INVESTMENTS 2009 LP | |||||||||||
| 270896088 | INVESTMENTS | MIT | EXCLUDED | $60,339,131 | $768,436,179 | false | $1,572,039 | Yes (true) | 0.91540 | DE | |
| MIT INVESTMENTS 2010 LP | |||||||||||
| 270542081 | INVESTMENTS | MIT | EXCLUDED | $232,709,333 | $3,879,171,806 | false | -$4,089,227 | Yes (true) | 0.99068 | DE | |
| STOCKBRIDGE FUND M LP | |||||||||||
| 272122022 | INVESTMENTS | MIT INVESTMENTS 2010 LP | EXCLUDED | $12,149,436 | $0 | false | $0 | false | 0 | MA | |
| WEXFORD MIT ENERGY II LP | |||||||||||
| 760787877 | INVESTMENTS | MIT | EXCLUDED | -$212,753 | $20,443,853 | false | $0 | false | 0.90909 | DE | |
| WEXFORD MIT ENERGY LP | |||||||||||
| 800057801 | INVESTMENTS | MIT | EXCLUDED | -$184,386 | $3,737,464 | false | -$96,418 | false | 0.66867 | DE | |
| GALILEO TM LLC | |||||||||||
| 990376894 | INVESTMENTS | MIT INVESTMENTS 2010 LP | EXCLUDED | $4,864,650 | $114,970,516 | false | -$39,348 | false | 0.99218 | DE | |
| HEPHAESTUS ENERGY FUND LP | |||||||||||
| 364747789 | INVESTMENTS | MIT INVESTMENTS 2010 LP | EXCLUDED | -$49,075 | $72,713,076 | false | $0 | false | 0.99451 | DE | |
| MIT PRIVATE EQUITY II LLC | |||||||||||
| 753066771 | INVESTMENTS | MIT | EXCLUDED | $38,585 | $186,879 | false | -$101,425 | Yes (true) | 1 | DE | |
| MIT PRIVATE EQUITY III LLC | |||||||||||
| 204639783 | INVESTMENTS | MIT | EXCLUDED | $26,952 | $323,719 | false | -$645 | Yes (true) | 1 | DE | |
| MIT PRIVATE EQUITY IV LLC | |||||||||||
| 261356668 | INVESTMENTS | MIT | EXCLUDED | $8,851 | $112,886 | false | -$6,664 | Yes (true) | 1 | DE | |
| NORTHAVEN PARTNERS III LP | |||||||||||
| 133908626 | INVESTMENTS | MIT | EXCLUDED | $0 | $2,906,578 | false | -$377 | false | 0.5575 | NY | |
| PPIM LLC | |||||||||||
| 900987629 | INVESTMENTS | MIT | EXCLUDED | $10,883,377 | $143,995,513 | false | $0 | false | 0.95659 | DE | |
| GRENLEA LANE CAPITAL PARTNERS LP | |||||||||||
| 260247078 | INVESTMENTS | MIT INVESTMENTS 2010 LP | EXCLUDED | $472,970 | $12,171,644 | false | $0 | false | 0.53474 | DE | |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (19 entries)
| Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd | Legal Domicile StateLegalDomicileStateCd | Address Line1ForeignAddress/AddressLine1 | Province Or StateForeignAddress/ProvinceOrState | CountryForeignAddress/Country | Postal CodeForeignAddress/PostalCode | Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | CityForeignAddress/City |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GAOLING FEEDER II | |||||||||||||||||
| INVESTMENTS | CJ | MIT | C CORPORATION | $0 | $618,289,552 | 1 | Yes (true) | ||||||||||
| MIT ENDOWMENTPATRON SCOTLAND LP | |||||||||||||||||
| INVESTMENTS | UK | MIT PATRON GP LIMITED | C CORPORATION | $1,706,838 | $8,660,000 | 1 | Yes (true) | ||||||||||
| MIT ENDOWMENTPATRON GP LIMITED | |||||||||||||||||
| INVESTMENTS | UK | MIT | C CORPORATION | $0 | $0 | 1 | Yes (true) | ||||||||||
| THE GALLINULE FUND | |||||||||||||||||
| INVESTMENTS | CJ | MIT INVESTMENTS 2010 LP | C CORPORATION | $103,757,475 | $227,188,327 | 1 | Yes (true) | ||||||||||
| CHARITABLE REMAINDER TRUSTS (317) | |||||||||||||||||
| INVESTMENTS | NA | TRUST | Yes (true) | MA | |||||||||||||
| CHARITABLE LEAD TRUST (1) | |||||||||||||||||
| INVESTMENTS | NA | TRUST | Yes (true) | MA | |||||||||||||
| POOLED INCOME FUNDS (160) | |||||||||||||||||
| INVESTMENTS | NA | TRUST | Yes (true) | MA | |||||||||||||
| CHARITABLE REMAINDER TRUSTS (24) | |||||||||||||||||
| INVESTMENTS | NA | TRUST | Yes (true) | ||||||||||||||
| CHARITABLE LEAD TRUST (1) | |||||||||||||||||
| INVESTMENTS | NA | TRUST | Yes (true) | ||||||||||||||
| OUTSIDE PERPETUAL TRUST (18) | |||||||||||||||||
| INVESTMENTS | NA | TRUST | Yes (true) | ||||||||||||||
| MIT PRESS LIMITED | |||||||||||||||||
| PUBLICATION | UK | MIT | C CORPORATION | $59,111 | $1,690,237 | 1 | Yes (true) | LION HOUSE RED LION STREET | LONDON | UK | WC1R 4GB | ||||||
| SINGAPORE-MIT ALLIANCE FOR RESEARCH AND TECHNOLOGY | |||||||||||||||||
| RESEARCH | SN | MIT | C CORPORATION | $52,212,591 | 1 | Yes (true) | 1 CREATE WAY 10-01 CREATE TOWER | SN | 138602 | ||||||||
| BOSE CORPORATION | |||||||||||||||||
| PRODUCT DEVELOPMENT | NA | C CORPORATION | $0 | Yes (true) | DE | THE MOUNTAIN | FRAMINGHAM | MA | 01701 | ||||||||
| HYDE PARK CAPITAL LIMITED | |||||||||||||||||
| INVESTMENTS | UK | MIT | C CORPORATION | $0 | $4,960,763 | 1 | Yes (true) | ||||||||||
| FOXHAVEN CAPITAL (OFFSHORE) LTD | |||||||||||||||||
| INVESTMENTS | CJ | MIT INVESTMENTS 2010 LP | C CORPORATION | $0 | $95,418,918 | 0.62 | Yes (true) | ||||||||||
| CHARLES-LIM ASIAGLOBAL LIMITED | |||||||||||||||||
| INVESTMENTS | VI | MIT INVESTMENTS 2010 LP | C CORPORATION | $0 | $50,000,000 | 0.65 | Yes (true) | ||||||||||
| BARTON INSURANCE CO LTD | |||||||||||||||||
| INSURANCE | BD | MIT | C CORPORATION | $0 | $0 | 1 | Yes (true) | CRAIG APPIN HOUSE | HAMILTON | BD | 8 WESLEY STREET HM JX | ||||||
| MIT INDIA TRUST | |||||||||||||||||
| EDUCATIONAL SUPPORT | IN | MIT | TRUST | $0 | $1,648 | 1 | Yes (true) | PIROJSHANAGER EASTERN EXPRESS HWY | IN | 40007 | MUMBAI | ||||||
| INDIA INSTITUTIONAL FUND LIMITED | |||||||||||||||||
| INVESTMENTS | MP | INDIA INSTITUTIONAL FUND LLC | C CORPORATION | $0 | $0 | 0 | Yes (true) | IFS COURT 28 CYBERCITY | MP | MP | EBENE | ||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (true) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (true) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (true) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | Yes (true) | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (true) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (true) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (true) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (true) | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (true) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (20 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| SINGAPORE-MIT ALLIANCE FOR RESEARCH & TECHNOLOGY CENTRE | ||
| C | $8,999,000 | CASH |
| TECHNOLOGY REVIEW INC | ||
| D | $2,537,000 | CASH |
| BOSE CORPORATION | ||
| F | $6,013,749 | FMV |
| MIT PRESS LTD | ||
| M | $573,000 | CASH |
| TECHNOLOGY REVIEW INC | ||
| P | $1,880,000 | CASH |
| SINGAPORE-MIT ALLIANCE FOR RESEARCH & TECHNOLOGY CENTRE | ||
| Q | $4,863,000 | CASH |
| LORD FOUNDATION OF MASSACHUSETTS INC | ||
| R | $1,000,000 | CASH |
| MIT PRESS LTD | ||
| S | $307,000 | CASH |
| GAOLING FEEDER II | ||
| B | $30,000,000 | CASH |
| ALCHEMY PLAN (CAMBRIDGE) LP | ||
| B | $186,775 | CASH |
| ALCHEMY PLAN (CAMBRIDGE) LP | ||
| R | $6,386,810 | CASH |
| MALLARD FUND LP | ||
| B | $31,000,000 | CASH |
| MIT INVESTMENTS 2009 LP | ||
| B | $74,052,968 | CASH |
| MIT INVESTMENTS 2009 LP | ||
| R | $180,422,241 | CASH |
| MIT INVESTMENTS 2010 LP | ||
| B | $940,097,616 | CASH |
| MIT INVESTMENTS 2010 LP | ||
| R | $665,949,538 | CASH |
| PPIM LLC | ||
| B | $12,500,000 | CASH |
| PPIM LLC | ||
| R | $90,703,335 | CASH |
| LORD FOUNDATION OF MASSACHUSETTS INC | ||
| S | $1,800,000 | CASH |
| MIT REAL ESTATE FOUNDATION INC | ||
| S | $2,979,000 | CASH |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART VII, SCHEDULE R, PART IV | FormAndLineReferenceDesc |
| Explanation | MIT IS THE OWNER (RECEIVED BY WAY OF TWO CHARITABLE GIFTS AND DISCLOSED IN A PRIOR TAX YEAR) OF A MAJORITY OF BOSE CORPORATION'S CLASS B SHARES. THIS INTEREST IS ENTIRELY PASSIVE AND PURELY ECONOMIC AS MIT POSSESSES ONLY THE RIGHT TO RECEIVE DIVIDENDS WHICH MAY BE DISTRIBUTED ON THE SHARES. THE CLASS B SHARES HAVE NO VOTING POWER OVER BOARD MEMBERSHIP, CORPORATE LIQUIDATION OR SALE, OR OTHER CORPORATE GOVERNANCE AND OPERATIONS ISSUES. AS A CLASS B SHAREHOLDER, MIT IS NOT PERMITTED TO SELL ITS STOCK WITHOUT THE EXPRESS APPROVAL OF BOSE'S BOARD. PUBLIC DISCLOSURE OF CERTAIN DETAILS ABOUT THE GIFT COULD PUT BOSE CORPORATION AT A COMPETITIVE DISADVANTAGE.* * SEVERAL IRS PRONOUNCEMENTS HAVE MADE IT CLEAR THAT THE FORM 990 IS NOT INTENDED TO PUT A DISCLOSED DONOR AT A POTENTIAL COMPETITIVE DISADVANTAGE. | ExplanationTxt |
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