MASSACHUSETTS INSTITUTE OF TECHNOLOGY: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
MASSACHUSETTS INSTITUTE OF TECHNOLOGY (EIN 04-2103594)
Tax period
2012-07-01 to 2013-06-30
Filed
2014-05-14
IRS object ID
201411349349305986
Schema version
2012v2.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2014-05-14T15:01:14-05:00Timestamp
Tax Period End Date2013-06-30TaxPeriodEndDate
Return Type990ReturnType
Tax Period Begin Date2012-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN042103594EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1MASSACHUSETTS INSTITUTE OF TECHNOLOGYBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlMASSNameControl
Phone6172532777Phone

US Address USAddress

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

Officer Officer

FieldValueIRS element (for citing)
NameISRAEL RUIZName
TitleEXECUTIVE VP & TREASURERTitle
Date Signed2014-05-08DateSigned
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2015-11-30 17:44:51ZBuildTS

Form 990 IRS990

Name Of Principal Officer Business NameOfPrincipalOfficerBusiness

FieldValueIRS element (for citing)
Business Name Line1L RAFAEL REIFBusinessNameLine1

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line177 MASSACHUSETTS AVENUEAddressLine1
CityCambridgeCity
StateMAState
ZIP Code02139ZIPCode
FieldValueIRS element (for citing)
Gross Receipts67844590000GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteHTTP://WEB.MIT.EDUWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1861YearFormation
State Legal DomicileMAStateLegalDomicile
Activity Or Mission DescriptionTHE 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.ActivityOrMissionDescription
Nbr Voting Members Governing Body14NbrVotingMembersGoverningBody
Nbr Independent Voting Members10NbrIndependentVotingMembers
Total Nbr Employees22857TotalNbrEmployees
Total Nbr Volunteers13187TotalNbrVolunteers
Total Gross UBI22664000TotalGrossUBI
Net Unrelated Business Txbl Income-11274196NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year894547000ContributionsGrantsPriorYear
Contributions Grants Current Year817616000ContributionsGrantsCurrentYear
Program Service Revenue Prior Year1770381000ProgramServiceRevenuePriorYear
Program Service Revenue CY1861711000ProgramServiceRevenueCY
Investment Income Prior Year406218000InvestmentIncomePriorYear
Investment Income Current Year731033000InvestmentIncomeCurrentYear
Other Revenue Prior Year284289000OtherRevenuePriorYear
Other Revenue Current Year587108000OtherRevenueCurrentYear
Total Revenue Prior Year3355435000TotalRevenuePriorYear
Total Revenue Current Year3997468000TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year457816000GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY479075000GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year1195801000SalariesEtcPriorYear
Salaries Etc Current Year1289034000SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year358000TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY193000TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year37210000TotalFundrsngExpCurrentYear
Other Expense Prior Year1730628000OtherExpensePriorYear
Other Expenses Current Year1354748000OtherExpensesCurrentYear
Total Expenses Prior Year3384603000TotalExpensesPriorYear
Total Expenses Current Year3123050000TotalExpensesCurrentYear
Revenues Less Expenses Prior Year-29168000RevenuesLessExpensesPriorYear
Revenues Less Expenses CY874418000RevenuesLessExpensesCY
Total Assets BOY16769229000TotalAssetsBOY
Total Assets EOY17675782000TotalAssetsEOY
Total Liabilities BOY4221173000TotalLiabilitiesBOY
Total Liabilities EOY3767239000TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY12548056000NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY13908543000NetAssetsOrFundBalancesEOY
Mission DescriptionTHE 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.MissionDescription
Expense1350313000Expense
Grants77567000Grants
Revenue1333216000Revenue
DescriptionSPONSORED 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.Description

Activity2 Activity2

FieldValueIRS element (for citing)
Expense692032000Expense
Grants140297000Grants
Revenue636816000Revenue
DescriptionINSTRUCTION AND UNSPONSORED RESEARCH: MIT IS COMMITTED TO PROVIDING A WORLD-CLASS EDUCATION TO OUR APPROXIMATELY 4,500 UNDERGRADUATES AND APPROXIMATELY 6,700 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.Description

Activity3 Activity3

FieldValueIRS element (for citing)
Expense258726000Expense
Grants258726000Grants
DescriptionSCHOLARSHIPS 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 2012-2013, APPROXIMATELY 61% 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.Description

Activity Other ActivityOther

FieldValueIRS element (for citing)
Expense224567000Expense
Grants2486000Grants
Revenue330784000Revenue
DescriptionTHIS 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.Description
FieldValueIRS element (for citing)
Total Of Other Program Service Exp224567000TotalOfOtherProgramServiceExp
Total Of Other Program Service Grnt2486000TotalOfOtherProgramServiceGrnt
Total Of Other Program Service Rev330784000TotalOfOtherProgramServiceRev
Total Program Service Expense2525638000TotalProgramServiceExpense
Described In501 C3trueDescribedIn501C3
Schedule B RequiredtrueScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Lobbying ActivitiestrueLobbyingActivities
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArttrueCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentstrueTermOrPermanentEndowments
Report Land Bldg EquiptrueReportLandBldgEquip
Report Invest Oth SecuritiestrueReportInvestOthSecurities
Report Prog Rel InvestfalseReportProgRelInvest
Report Other AssetsfalseReportOtherAssets
Report Other LiabilitiestrueReportOtherLiabilities
Report Fin48 FootnotefalseReportFin48Footnote
Independent Audit Financial StmtfalseIndependentAuditFinancialStmt
Consolidated Audit Financial StmttrueConsolidatedAuditFinancialStmt
SchooltrueSchool
Foreign OfficetrueForeignOffice
Foreign ActivitiestrueForeignActivities
More Than5000 K To OrganizationstrueMoreThan5000KToOrganizations
More Than5000 K To IndividualstrueMoreThan5000KToIndividuals
Professional FundraisingtrueProfessionalFundraising
Fundraising ActivitiesfalseFundraisingActivities
GamingfalseGaming
HospitalfalseHospital
Grants To OrganizationstrueGrantsToOrganizations
Grants To IndividualstrueGrantsToIndividuals
Schedule J RequiredtrueScheduleJRequired
Tax Exempt BondstrueTaxExemptBonds
Invest Tax Exempt BondsfalseInvestTaxExemptBonds
Escrow AccountfalseEscrowAccount
On Behalf Of IssuerfalseOnBehalfOfIssuer
Excess Benefit TransactionfalseExcessBenefitTransaction
Prior Excess Benefit TransactionfalsePriorExcessBenefitTransaction
Loan To Officer Or DQPtrueLoanToOfficerOrDQP
Grant To Related PersontrueGrantToRelatedPerson
Bsnss Rltnshp With OrganizationfalseBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MembertrueBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshptrueOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionstrueDeductibleNonCashContributions
Deductible Contributions Of ArttrueDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntitytrueDisregardedEntity
Related EntitytrueRelatedEntity
Related Org Controlled EntitytrueRelatedOrgControlledEntity
Transaction Related EntitytrueTransactionRelatedEntity
Transfers To Exempt Non Chrtbl OrgtrueTransfersToExemptNonChrtblOrg
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredtrueScheduleORequired
Number Forms Transmitted With109625304NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup WitholdingtrueComplianceWithBackupWitholding
Number Of Employees22857NumberOfEmployees
Employment Tax Returns FiledtrueEmploymentTaxReturnsFiled
Unrelated Business IncometrueUnrelatedBusinessIncome
Form990-T FiledtrueForm990-TFiled
Foreign Financial AccounttrueForeignFinancialAccount
Name Of Foreign CountryARNameOfForeignCountry
Name Of Foreign CountryBDNameOfForeignCountry
Name Of Foreign CountryGRNameOfForeignCountry
Name Of Foreign CountryHUNameOfForeignCountry
Name Of Foreign CountryINNameOfForeignCountry
Name Of Foreign CountryISNameOfForeignCountry
Name Of Foreign CountryKSNameOfForeignCountry
Name Of Foreign CountryMYNameOfForeignCountry
Name Of Foreign CountryRPNameOfForeignCountry
Name Of Foreign CountryRONameOfForeignCountry
Name Of Foreign CountrySNNameOfForeignCountry
Name Of Foreign CountryTWNameOfForeignCountry
Name Of Foreign CountryTHNameOfForeignCountry
Name Of Foreign CountryTUNameOfForeignCountry
Name Of Foreign CountryUKNameOfForeignCountry
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Non Deductible ContributionsfalseNonDeductibleContributions
Quid Pro Quo ContributionstrueQuidProQuoContributions
Quid Pro Quo DisclosuretrueQuidProQuoDisclosure
Form8282 Property Disposed OftrueForm8282PropertyDisposedOf
Number Of8282 Filed2NumberOf8282Filed
Funds To Pay PremiumsfalseFundsToPayPremiums
Premiums PaidfalsePremiumsPaid
Indoor Tanning ServicesfalseIndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members14NbrVotingGoverningBodyMembers
Number Independent Voting Members10NumberIndependentVotingMembers
Family Or Business RelationshiptrueFamilyOrBusinessRelationship
Delegation Of Management DutiesfalseDelegationOfManagementDuties
Changes To Organizing DocstrueChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholdersfalseMembersOrStockholders
Election Of Board MemberstrueElectionOfBoardMembers
Decisions Subject To ApprovalfalseDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteestrueMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChapterstrueLocalChapters
Policies Reference ChaptersfalsePoliciesReferenceChapters
Form990 Provided To Governing BodytrueForm990ProvidedToGoverningBody
Conflict Of Interest PolicytrueConflictOfInterestPolicy
Annual Disclosure Covered PersonstrueAnnualDisclosureCoveredPersons
Regular Monitoring EnforcementtrueRegularMonitoringEnforcement
Whistleblower PolicytrueWhistleblowerPolicy
Document Retention PolicytrueDocumentRetentionPolicy
Compensation Process CEOtrueCompensationProcessCEO
Compensation Process OthertrueCompensationProcessOther
Investment In Joint VenturetrueInvestmentInJointVenture
Written Policy Or ProceduretrueWrittenPolicyOrProcedure
States Where Copy Of Return Is FiledMAStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledOKStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1BASIL A STEWARTBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number6172532777TelephoneNumber

Address US AddressUS

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

Form990 Part VII Section A Form990PartVIISectionA (30 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekAverage Hours Per Week RelatedAverageHoursPerWeekRelatedIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationKey EmployeeKeyEmployeeHighest Compensated EmployeeHighestCompensatedEmployeeFormerFormer
ISRAEL RUIZ
Executive VP & Treasurer60.003.00XX471219047542
JOHN REED
Chairman of the Corporation30.002.00XX26641504069
L RAFAEL REIF
President (Incoming)60.003.00XX671103032656
SUSAN HOCKFIELD
President (Outgoing)60.000XX15971450124452
A NEIL PAPPALARDO
Executive Committee Member5.000X000
ARTHUR SAMBERG
Executive Committee Member5.000X000
BARRIE ZESIGER
Executive Committee Member5.000X000
DENIS BOVIN
Executive Committee Member5.001.00X000
DIANE GREENE
Executive Committee Member5.000X000
HENRICUS TERMEER
Executive Committee Member5.000X000
JAMES CHAMPY
Executive Committee Member5.000X000
JOHN THAIN
Executive Committee Member5.001.00X000
LAWRENCE FISH
Executive Committee Member5.000X000
ROBERT MILLARD
Executive Committee Member5.001.00X000
SUSAN WHITEHEAD
Executive Committee Member5.000X000
KIRK KOLENBRANDER
VP & Secretary of the Corporation60.000X264272060777
CHRIS KAISER
Provost60.002.00392988057480X
CLAUDE CANIZARES
VP for Research (Outgoing)60.002.00341386028178X
ERIC EVANS
Director of Lincoln Laboratory60.000422067057901X
JEFFREY NEWTON
VP of Resource Development60.000399624052184X
MARIA ZUBER
VP for Research (Incoming)60.001.003015360101620X
R GREGORY MORGAN
VP & General Counsel60.000571853064688X
SETH ALEXANDER
President of MITIMCo60.002.001172501048849X
W ERIC GRIMSON
Chancellor60.002.00287811068749X
DAVID SCHMITTLEIN
Dean Sloan School of Mgmt60.000754403043221X
GLEN URBAN
Professor Sloan School of Mgmt60.000722659019790X
NELSON REPENNING
Professor Sloan School of Mgmt60.000727764043095X
ROBERTO FERNANDEZ
Professor Sloan School of Mgmt60.000647994084692X
STEVEN MARSH
Managing Director - MITIMCo60.000749174059007X
PHILLIP CLAY
Professor40.000305082032291X
FieldValueIRS element (for citing)
Total Reportable Comp From Org11066996TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation1031241TotalOtherCompensation
Number Individuals GT100 K3141NumberIndividualsGT100K
Formers ListedtrueFormersListed
Total Comp GT150 KtrueTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1CityAddressOfContractor/AddressUS/CityStateAddressOfContractor/AddressUS/StateZIP CodeAddressOfContractor/AddressUS/ZIPCodeDescription Of ServicesDescriptionOfServicesCompensationCompensation
BOND BROTHERS INC
145 SPRING STREETEVERETTMA02149CONSTRUCTION19442103
BARR & BARR INC
260 COCHITUATE RDFRAMINGHAMMA01701CONSTRUCTION16719081
ALEXANDRIA REAL ESTATE INC (AREE)
700 TECHNOLOGY SQUARECAMBRIDGEMA02139MANAGEMENT10846998
SHAWMUT DESIGN & CONSTRUCTION CO
560 HARRISON AVEBOSTONMA02118CONSTRUCTION10018650
BON APPETIT MANAGEMENT CO
100 HAMILTON AVENUE SUITE 400PALO ALTOCA94301MANAGEMENT7541953
FieldValueIRS element (for citing)
Number Of Contractors GT100 K557NumberOfContractorsGT100K
Government Grants403102000GovernmentGrants
All Other Contributions414514000AllOtherContributions
Noncash Contributions23753000NoncashContributions
Total Contributions817616000TotalContributions

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncomeUnrelated Business RevenueUnrelatedBusinessRevenue
SPONSORED RESEARCH CONTRACTS90009911360420001136042000
FEES AND SERVICES22100088853000862240002629000
OTHER PROGRAMS9000995917500059175000
TUITION900099577641000577641000
0

Total Oth Program Service Revenue TotalOthProgramServiceRevenue

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn
Related Or Exempt Function Income0RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$0ExclusionAmount
FieldValueIRS element (for citing)
Total Program Service Revenue1861711000TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column78604000TotalRevenueColumn
Unrelated Business Revenue20011000UnrelatedBusinessRevenue
Exclusion$58,593,000ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Royalties Revenue RoyaltiesRevenue

FieldValueIRS element (for citing)
Total Revenue Column93166000TotalRevenueColumn
Exclusion$93,166,000ExclusionAmount

Gross Rents GrossRents

FieldValueIRS element (for citing)
Real79734000Real

Less Rental Expenses LessRentalExpenses

FieldValueIRS element (for citing)
Real24265000Real

Rental Income Or Loss RentalIncomeOrLoss

FieldValueIRS element (for citing)
Real55469000Real
Personal0Personal

Net Rental Income Or Loss NetRentalIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column55469000TotalRevenueColumn
Exclusion$55,469,000ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities64475286000Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Securities63822857000Securities

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities652429000Securities
Other0Other

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column652429000TotalRevenueColumn
Exclusion$652,429,000ExclusionAmount

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Income From Gaming NetIncomeFromGaming

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Income Or Loss NetIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Other Revenue Misc OtherRevenueMisc (3 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncomeUnrelated Business RevenueUnrelatedBusinessRevenue
AUXILIARY ENTERPRISES51112010676700010674300024000
CHANGE IN LIFE INCOME FUNDS9000992026400020264000
PENSION-RELATED CHARGES900099311442000311442000

Miscellaneous Revenue MiscellaneousRevenue

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn
Related Or Exempt Function Income0RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$0ExclusionAmount
FieldValueIRS element (for citing)
Total Other Revenue438473000TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column3997468000TotalRevenueColumn
Related Or Exempt Function Income2297531000RelatedOrExemptFunctionIncome
Unrelated Business Revenue22664000UnrelatedBusinessRevenue
Exclusion$859,657,000ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total652000Total
Program Services652000ProgramServices

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total476589000Total
Program Services476589000ProgramServices

Foreign Grants ForeignGrants

FieldValueIRS element (for citing)
Total1834000Total
Program Services1834000ProgramServices

Benefits To Members BenefitsToMembers

FieldValueIRS element (for citing)
Total0Total

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total7227000Total
Program Services765000ProgramServices
Management And General5908000ManagementAndGeneral
Fundraising554000Fundraising

Comp Disqual Persons CompDisqualPersons

FieldValueIRS element (for citing)
Total563000Total
Program Services236000ProgramServices
Management And General327000ManagementAndGeneral

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total1008695000Total
Program Services813919000ProgramServices
Management And General174015000ManagementAndGeneral
Fundraising20761000Fundraising

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total63083000Total
Program Services50634000ProgramServices
Management And General11050000ManagementAndGeneral
Fundraising1399000Fundraising

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total138804000Total
Program Services110888000ProgramServices
Management And General24651000ManagementAndGeneral
Fundraising3265000Fundraising

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total70662000Total
Program Services56557000ProgramServices
Management And General12342000ManagementAndGeneral
Fundraising1763000Fundraising

Fees For Services Management FeesForServicesManagement

FieldValueIRS element (for citing)
Total36874000Total
Program Services24516000ProgramServices
Management And General12358000ManagementAndGeneral

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total22704000Total
Program Services1147000ProgramServices
Management And General21557000ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total1462000Total
Program Services16000ProgramServices
Management And General1446000ManagementAndGeneral

Fees For Services Lobbying FeesForServicesLobbying

FieldValueIRS element (for citing)
Total0Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total193000Total
Fundraising193000Fundraising

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

FieldValueIRS element (for citing)
Total19066000Total
Management And General19066000ManagementAndGeneral

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total49119000Total
Program Services25886000ProgramServices
Management And General23233000ManagementAndGeneral
Fundraising0Fundraising

Advertising Advertising

FieldValueIRS element (for citing)
Total7138000Total
Program Services5605000ProgramServices
Management And General1533000ManagementAndGeneral

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total28376000Total
Program Services18142000ProgramServices
Management And General9081000ManagementAndGeneral
Fundraising1153000Fundraising

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total49976000Total
Program Services39208000ProgramServices
Management And General9955000ManagementAndGeneral
Fundraising813000Fundraising

Royalties Royalties

FieldValueIRS element (for citing)
Total31055000Total
Program Services15434000ProgramServices
Management And General15621000ManagementAndGeneral

Occupancy Occupancy

FieldValueIRS element (for citing)
Total27793000Total
Program Services22153000ProgramServices
Management And General5611000ManagementAndGeneral
Fundraising29000Fundraising

Travel Travel

FieldValueIRS element (for citing)
Total75104000Total
Program Services65525000ProgramServices
Management And General7448000ManagementAndGeneral
Fundraising2131000Fundraising

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

FieldValueIRS element (for citing)
Total0Total

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total37851000Total
Program Services31571000ProgramServices
Management And General4467000ManagementAndGeneral
Fundraising1813000Fundraising

Interest Interest

FieldValueIRS element (for citing)
Total106872000Total
Program Services94439000ProgramServices
Management And General12333000ManagementAndGeneral
Fundraising100000Fundraising

Payments To Affiliates PaymentsToAffiliates

FieldValueIRS element (for citing)
Total1887000Total
Program Services1887000ProgramServices

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total130989000Total
Program Services114635000ProgramServices
Management And General16181000ManagementAndGeneral
Fundraising173000Fundraising

Insurance Insurance

FieldValueIRS element (for citing)
Total52707000Total
Program Services42112000ProgramServices
Management And General10595000ManagementAndGeneral

Other Expenses OtherExpenses (3 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneralFundraisingFundraising
SUBRECIPIENT AGREEMENTS150946000150946000
FACILITIES CHARGES8903900051846000361480001045000
EQUIPMENT RENTAL AND MAINTENANCE1022910008104600021090000155000

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total333499000Total
Program Services227450000ProgramServices
Management And General104186000ManagementAndGeneral
Fundraising1863000Fundraising

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total3123050000Total
Program Services2525638000ProgramServices
Management And General560202000ManagementAndGeneral
Fundraising37210000Fundraising

Total Joint Costs TotalJointCosts

FieldValueIRS element (for citing)
Total0Total

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY224890000BOY
EOY263805000EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY1599874000BOY
EOY1526544000EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

FieldValueIRS element (for citing)
BOY546383000BOY
EOY472593000EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY207676000BOY
EOY168092000EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

FieldValueIRS element (for citing)
BOY890000BOY
EOY500000EOY

Receivables From Disqual Persons ReceivablesFromDisqualPersons

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

FieldValueIRS element (for citing)
BOY49529000BOY
EOY49484000EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

FieldValueIRS element (for citing)
BOY6031000BOY
EOY5998000EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY87583000BOY
EOY102192000EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis3648927000LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec1132842000LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY2496445000BOY
EOY2516085000EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY1141480000BOY
EOY982309000EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY10408448000BOY
EOY11588180000EOY

Investments Program Related InvestmentsProgramRelated

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Intangible Assets IntangibleAssets

FieldValueIRS element (for citing)
BOY0BOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY16769229000BOY
EOY17675782000EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY460763000BOY
EOY471050000EOY

Grants Payable GrantsPayable

FieldValueIRS element (for citing)
BOY0BOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY83580000BOY
EOY67640000EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

FieldValueIRS element (for citing)
BOY1473764000BOY
EOY1441940000EOY

Escrow Account Liability EscrowAccountLiability

FieldValueIRS element (for citing)
BOY0BOY

Loans From Officers Directors LoansFromOfficersDirectors

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

FieldValueIRS element (for citing)
BOY986238000BOY
EOY986275000EOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

FieldValueIRS element (for citing)
BOY301000BOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY1216527000BOY
EOY800334000EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY4221173000BOY
EOY3767239000EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY4637664000BOY
EOY5551287000EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY5297554000BOY
EOY5644291000EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY2612838000BOY
EOY2712965000EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY12548056000BOY
EOY13908543000EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY16769229000BOY
EOY17675782000EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses874418000ReconcilationRevenueExpenses
Reconciliation Unrealized Invest486069000ReconciliationUnrealizedInvest
Reconcilation Other Changes0ReconcilationOtherChanges
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or ReviewfalseAccountantCompileOrReview
FS AuditedtrueFSAudited

FS Audited Basis FSAuditedBasis

FieldValueIRS element (for citing)
Financial Statement ConsolidatedXFinancialStatementConsolidated
FieldValueIRS element (for citing)
Audit CommitteetrueAuditCommittee
Federal Grant Audit RequiredtrueFederalGrantAuditRequired
Federal Grant Audit PerformedtrueFederalGrantAuditPerformed

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
School170b1 AiiXSchool170b1Aii

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
VolunteersfalseVolunteers
Paid Staff Or ManagementtruePaidStaffOrManagement
Media AdvertisementsfalseMediaAdvertisements
Mailings MemberstrueMailingsMembers
Publications Or BroadcastfalsePublicationsOrBroadcast
Grants Other OrganizationsfalseGrantsOtherOrganizations
Direct Contact LegislatorstrueDirectContactLegislators
Direct Contact Legislators$153,392DirectContactLegislatorsAmount
Rallies DemonstrationsfalseRalliesDemonstrations
Other ActivitiestrueOtherActivities
Total Lobbying Expenditures IIB153392TotalLobbyingExpendituresIIB
Not Described In501c3falseNotDescribedIn501c3

Form990 Schedule C Part IV Form990ScheduleCPartIV

FieldValueIRS element (for citing)
IdentifierDescription of the activities reported on Lines 1a through 1iIdentifier
Return ReferenceSchedule C, Part II-B, Line 1ReturnReference
ExplanationLINE 1B, 1D, & 1G FROM TIME TO TIME, MIT ENGAGES IN LOBBYING ACTIVITY USING MIT'S OWN PERSONNEL. MIT'S EFFORTS REGARDING LEGISLATIVE AND RELATED ACTIVITIES IN FY 2013 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.Explanation

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Collect Used For Public ExhibitionXCollectUsedForPublicExhibition
Collect Used For Scholar ResearchXCollectUsedForScholarResearch
Collect Used For PreservationXCollectUsedForPreservation
Solicited Assets For SalefalseSolicitedAssetsForSale

Current Year CurrentYear

FieldValueIRS element (for citing)
Beginning Of Year Balance10308273000BeginningOfYearBalance
Contributions136980000Contributions
Investment Earnings Or Losses1075065000InvestmentEarningsOrLosses
Grants Or Scholarships98947000GrantsOrScholarships
Other Expenditures400353000OtherExpenditures
Administrative Expenses15088000AdministrativeExpenses
End Of Year Balance11005930000EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

FieldValueIRS element (for citing)
Beginning Of Year Balance9853574000BeginningOfYearBalance
Contributions180985000Contributions
Investment Earnings Or Losses754548000InvestmentEarningsOrLosses
Grants Or Scholarships93944000GrantsOrScholarships
Other Expenditures374661000OtherExpenditures
Administrative Expenses12229000AdministrativeExpenses
End Of Year Balance10308273000EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

FieldValueIRS element (for citing)
Beginning Of Year Balance8463458000BeginningOfYearBalance
Contributions313644000Contributions
Investment Earnings Or Losses1431852000InvestmentEarningsOrLosses
Grants Or Scholarships88414000GrantsOrScholarships
Other Expenditures254932000OtherExpenditures
Administrative Expenses12034000AdministrativeExpenses
End Of Year Balance9853574000EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

FieldValueIRS element (for citing)
Beginning Of Year Balance8151805000BeginningOfYearBalance
Contributions61779000Contributions
Investment Earnings Or Losses768418000InvestmentEarningsOrLosses
Grants Or Scholarships104997000GrantsOrScholarships
Other Expenditures396737000OtherExpenditures
Administrative Expenses16810000AdministrativeExpenses
End Of Year Balance8463458000EndOfYearBalance

Current Year Minus4 Years CurrentYearMinus4Years

FieldValueIRS element (for citing)
Beginning Of Year Balance10234500000BeginningOfYearBalance
Contributions112805000Contributions
Investment Earnings Or Losses-1707012000InvestmentEarningsOrLosses
Grants Or Scholarships100900000GrantsOrScholarships
Other Expenditures380108000OtherExpenditures
Administrative Expenses7480000AdministrativeExpenses
End Of Year Balance8151805000EndOfYearBalance
FieldValueIRS element (for citing)
Board Designated EOY Balance0.29338BoardDesignatedEOYBalance
Permanent Endowment EOY Balance0.23674PermanentEndowmentEOYBalance
Term Endowment EOY Balance0.46988TermEndowmentEOYBalance
Endowments Held By Unrelated OrgstrueEndowmentsHeldByUnrelatedOrgs
Endowments Held By Related OrgstrueEndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule RtrueAreRelatedOrgsListedScheduleR

Land Land

FieldValueIRS element (for citing)
Other Cost Or Other Basis67538000OtherCostOrOtherBasis
Book Value67538000BookValue

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis3297417000OtherCostOrOtherBasis
Depreciation1098088000Depreciation
Book Value2199329000BookValue

Leasehold Improvements LeaseholdImprovements

FieldValueIRS element (for citing)
Other Cost Or Other Basis65541000OtherCostOrOtherBasis
Depreciation375000Depreciation
Book Value65166000BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis218431000OtherCostOrOtherBasis
Depreciation34379000Depreciation
Book Value184052000BookValue

Other Land Buildings OtherLandBuildings

FieldValueIRS element (for citing)
Book Value0BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings2516085000TotalOfBookValueLandBuildings

Financial Derivatives FinancialDerivatives

FieldValueIRS element (for citing)
Book Value0BookValue

Closely Held Equity Interests CloselyHeldEquityInterests

FieldValueIRS element (for citing)
Book Value0BookValue

Other Securities OtherSecurities (8 entries)

DescriptionDescriptionBook ValueBookValueMethod Of ValuationMethodOfValuation
MINORITY INTERESTS274663000F
FIXED INCOME452941000F
EQUITIES6292114000F
ABSOLUTE RETURN1573852000F
REAL ESTATE & REAL ASSETS2847374000F
SPLIT INTERSEST AGREEMENTS148297000F
OTHER1944000F
INTEREST RATE SWAPS-3005000F
FieldValueIRS element (for citing)
Total Of Book Value Securities11588180000TotalOfBookValueSecurities
Federal Income Tax Liability0FederalIncomeTaxLiability

Other Liabilities OtherLiabilities (5 entries)

DescriptionDescriptionAmountAmount
DEFERRED REVENUE AND OTHER CREDITS$12,338,000
NONCONTROLLING INTERESTS$274,663,000
ADVANCE PAYMENTS$369,126,000
GOVERNMENT ADVANCES$34,563,000
ACCRUED BENEFITS$109,644,000
FieldValueIRS element (for citing)
Total Of Amounts800334000TotalOfAmounts

Form990 Schedule D Part XIII Form990ScheduleDPartXIII (4 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
Collections of art - description of collectionsSchedule D, Part III, Line 4MIT 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.
Intended uses of endowment fundsSchedule D, Part V, Line 4MIT'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.
PART X, FIN 48SCHEDULE D, PART XREGARDING REQUIRED "FIN 48" FINANCIAL STATEMENT DISCLOSURE, ANY UNCERTAIN TAX POSITIONS IN THE FISCAL YEAR ENDED JUNE 30, 2013 WERE IMMATERIAL AND THEREFORE DID NOT REQUIRE A FOOTNOTE.
PART III, LINE 1A AND LINE 4SCHEDULE D, PART IIIAS 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 E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmttrueNondiscriminatoryPolicyStmt
Policy Statement In Brochures EtctruePolicyStatementInBrochuresEtc
Policy Publ Via Broadcast MediatruePolicyPublViaBroadcastMedia
Maint Racial Composition RecordstrueMaintRacialCompositionRecords
Maint Scholarships RecordstrueMaintScholarshipsRecords
Maint Copies Of Brochures EtctrueMaintCopiesOfBrochuresEtc
Maint Copies Of All SolicitationstrueMaintCopiesOfAllSolicitations
Discriminate Race Students RightsfalseDiscriminateRaceStudentsRights
Discriminate Race Admiss PoliciesfalseDiscriminateRaceAdmissPolicies
Discriminate Race Emplmn FacultyfalseDiscriminateRaceEmplmnFaculty
Discriminate Race ScholarshipsfalseDiscriminateRaceScholarships
Discriminate Race Educ PoliciesfalseDiscriminateRaceEducPolicies
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFclts
Discriminate Race Athletic ProgfalseDiscriminateRaceAthleticProg
Discriminate Race Other ActyfalseDiscriminateRaceOtherActy
Government Financial Aid ReceivedtrueGovernmentFinancialAidReceived
Government Financial Aid RevokedfalseGovernmentFinancialAidRevoked
Compliance With Rev Proc7550trueComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII (3 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
Racially nondiscriminatory policySchedule E, Part I, Line 3SEE NEXT PAGE
Financial aid or assistance from a governmental agencySchedule E, Part I, Line 6aMIT RECEIVES PELL, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY AND PERKINS LOANS.
PART I, LINE 3SCHEDULE E, PART I, LINE 3PART I, LINE 3 MIT'S PROSPECTIVE STUDENTS CAN FIND THE INSTITUTE'S RACIALLY NONDISCRIMINATORY POLICY AT ANY TIME DURING THE ADMISSION PROCESS AND THROUGHOUT THE ENTIRE ACADEMIC YEAR AT HTTP://MITADMISSIONS.ORG/PAGES/POLICIES. MIT'S RACIALLY NONDISCRIMINATORY POLICY FOR THE GENERAL COMMUNITY CAN BE FOUND IN MIT'S POLICIES & PROCEDURES 7.1.1. OR CAN BE FOUND ON THE INSTITUTE'S WEBSITE AT HTTP://WEB.MIT.EDU/POLICIES/. THE INSTITUTE CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE AND WORLDWIDE AND MAKES ITS RACIALLY NON-DISCRIMINATORY POLICY AS TO STUDENTS KNOWN TO ALL SEGMENTS OF THE GENERAL COMMUNITY IT SERVES BY INCLUDING A STATEMENT OF ITS RACIALLY NON-DISCRIMINATORY POLICY AS TO STUDENTS IN ALL ITS BROCHURES AND CATALOGUES DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. THE INSTITUTE ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS.

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedtrueGrantRecordsMaintained

Accts Actvs Out US Table AcctsActvsOutUSTable (37 entries)

RegionRegionType Of Activities ConductedTypeOfActivitiesConductedSpecific Services ProvidedSpecificServicesProvidedTotal ExpendituresTotalExpendituresNumber Of EmployeesNumberOfEmployeesNumber Of OfficesNumberOfOffices
EAST ASIA AND THE PACIFICPROGRAM SERVICESSUBRECIPIENT AGREEMENT6229732
EUROPE (INCLUDING ICELAND AND GREENLAND)PROGRAM SERVICESSUBRECIPIENT AGREEMENT3492176
MIDDLE EAST AND NORTH AFRICAPROGRAM SERVICESSUBRECIPIENT AGREEMENT47600
NORTH AMERICA (CANADA & MEXICO ONLY)PROGRAM SERVICESSUBRECIPIENT AGREEMENT399606
SOUTH ASIAPROGRAM SERVICESSUBRECIPIENT AGREEMENT626409
SUB-SAHARAN AFRICAPROGRAM SERVICESSUBRECIPIENT AGREEMENT285409
CENTRAL AMERICA AND THE CARIBBEANGRANTMAKING15289
EAST ASIA AND THE PACIFICGRANTMAKING303842
EUROPE (INCLUDING ICELAND AND GREENLAND)GRANTMAKING570288
MIDDLE EAST AND NORTH AFRICAGRANTMAKING191987
NORTH AMERICA (CANADA & MEXICO ONLY)GRANTMAKING59114
RUSSIA AND THE NEWLY INDEPENDENT STATESGRANTMAKING57054
SOUTH ASIAGRANTMAKING246513
SUB-SAHARAN AFRICAGRANTMAKING92481
SOUTH AMERICAGRANTMAKING273471
CENTRAL AMERICA AND THE CARIBBEANFUNDRAISING12122
EAST ASIA AND THE PACIFICFUNDRAISING8380636
EUROPE (INCLUDING ICELAND AND GREENLAND)FUNDRAISING90951517
MIDDLE EAST AND NORTH AFRICAFUNDRAISING887571
NORTH AMERICA (CANADA & MEXICO ONLY)FUNDRAISING198993
RUSSIA AND THE NEWLY INDEPENDENT STATESFUNDRAISING728
SOUTH AMERICAFUNDRAISING2782751
SOUTH ASIAFUNDRAISING212763
SUB-SAHARAN AFRICAFUNDRAISING2925
CENTRAL AMERICA AND THE CARIBBEANPROGRAM SERVICESEDUCATION/RESEARCH274518
EAST ASIA AND THE PACIFICPROGRAM SERVICESEDUCATION/RESEARCH18694106391
EUROPE (INCLUDING ICELAND AND GREENLAND)PROGRAM SERVICESEDUCATION/RESEARCH1386103713
MIDDLE EAST AND NORTH AFRICAPROGRAM SERVICESEDUCATION/RESEARCH17274172
NORTH AMERICA (CANADA & MEXICO ONLY)PROGRAM SERVICESEDUCATION/RESEARCH10592351
RUSSIA AND THE NEWLY INDEPENDENT STATESPROGRAM SERVICESEDUCATION/RESEARCH2987853
SOUTH AMERICAPROGRAM SERVICESEDUCATION/RESEARCH167068621
SOUTH ASIAPROGRAM SERVICESEDUCATION/RESEARCH14299031
SUB-SAHARAN AFRICAPROGRAM SERVICESEDUCATION/RESEARCH1023806
CENTRAL AMERICA AND THE CARIBBEANINVESTMENTS1389327000
EUROPE (INCLUDING ICELAND AND GREENLAND)INVESTMENTS165661000
NORTH AMERICA (CANADA & MEXICO ONLY)INVESTMENTS2057000
SUB-SAHARAN AFRICAINVESTMENTS98790000
FieldValueIRS element (for citing)
Total Number Of Offices2TotalNumberOfOffices
Total Number Of Employees86TotalNumberOfEmployees
Total Amount Spent1713817579TotalAmountSpent

Grants To Orgs Outside US GrantsToOrgsOutsideUS (3 entries)

RegionRegionPurpose Of GrantPurposeOfGrantAmount Of Cash GrantAmountOfCashGrantManner Of Cash DisbursementMannerOfCashDisbursement
EAST ASIA AND THE PACIFICHONORARIA10000CHECK
EUROPE (INCLUDING ICELAND AND GREENLAND)HONORARIA6500CHECK
MIDDLE EAST AND NORTH AFRICAHONORARIA7500CHECK
FieldValueIRS element (for citing)
Total Number Of Other Orgs3TotalNumberOfOtherOrgs

Grants To Ind Outside US GrantsToIndOutsideUS (36 entries)

Type Of AssistanceTypeOfAssistanceRegionRegionNumber Of RecipientsNumberOfRecipientsAmount Of Cash GrantAmountOfCashGrantManner Of Cash DisbursementMannerOfCashDisbursement
PSCCENTRAL AMERICA AND THE CARIBBEAN12150CHECK
PSCEAST ASIA AND THE PACIFIC413600CHECK
PSCNORTH AMERICA (CANADA & MEXICO ONLY)1900CHECK
PSCSOUTH ASIA721100CHECK
PSCSUB-SAHARAN AFRICA1967200CHECK
MISTIEAST ASIA AND THE PACIFIC70193990CHECK
MISTIEUROPE (INCLUDING ICELAND AND GREENLAND)191335326CHECK
MISTIMIDDLE EAST AND NORTH AFRICA87184096CHECK
MISTINORTH AMERICA (CANADA & MEXICO ONLY)1725350CHECK
MISTIRUSSIA AND THE NEWLY INDEPENDENT STATES738000CHECK
MISTISOUTH AMERICA54261376CHECK
MISTISOUTH ASIA5367950CHECK
HONORARIAEAST ASIA AND THE PACIFIC316446CHECK
HONORARIAEUROPE (INCLUDING ICELAND AND GREENLAND)870906CHECK
HONORARIAMIDDLE EAST AND NORTH AFRICA23350CHECK
HONORARIANORTH AMERICA (CANADA & MEXICO ONLY)1624807CHECK
HONORARIARUSSIA AND THE NEWLY INDEPENDENT STATES11000CHECK
HONORARIASOUTH AMERICA11200CHECK
HONORARIASOUTH ASIA63964CHECK
HONORARIASUB-SAHARAN AFRICA11429CHECK
PRIZES & AWARDSCENTRAL AMERICA AND THE CARIBBEAN32361CHECK
PRIZES & AWARDSEAST ASIA AND THE PACIFIC7267806CHECK
PRIZES & AWARDSEUROPE (INCLUDING ICELAND AND GREENLAND)3239232CHECK
PRIZES & AWARDSMIDDLE EAST AND NORTH AFRICA31819CHECK
PRIZES & AWARDSRUSSIA AND THE NEWLY INDEPENDENT STATES11000CHECK
PRIZES & AWARDSSOUTH AMERICA710895CHECK
PRIZES & AWARDSSOUTH ASIA31103536CHECK
PRIZES & AWARDSSUB-SAHARAN AFRICA414550CHECK
FELLOWSHIPSCENTRAL AMERICA AND THE CARIBBEAN410778CHECK
FELLOWSHIPSEAST ASIA AND THE PACIFIC312000CHECK
FELLOWSHIPSEUROPE (INCLUDING ICELAND AND GREENLAND)24124824CHECK
FELLOWSHIPSMIDDLE EAST AND NORTH AFRICA22722CHECK
FELLOWSHIPSNORTH AMERICA (CANADA & MEXICO ONLY)38057CHECK
FELLOWSHIPSRUSSIA AND THE NEWLY INDEPENDENT STATES517054CHECK
FELLOWSHIPSSOUTH ASIA849963CHECK
FELLOWSHIPSSUB-SAHARAN AFRICA49302CHECK
FieldValueIRS element (for citing)
Transfer To Foreign CorptrueTransferToForeignCorp
Interest In Foreign TrusttrueInterestInForeignTrust
Own Foreign CorptrueOwnForeignCorp
Passive Foreign Invest CotruePassiveForeignInvestCo
Foreign PartnershiptrueForeignPartnership
Boycott CountriestrueBoycottCountries

Form990 Schedule F Part V Form990ScheduleFPartV (2 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
Procedures for monitoring use of grant fundsSchedule F, Part I, Line 2MIT 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.
LINE 3ASCHEDULE F, PART I, LINE 3(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

FieldValueIRS element (for citing)
Mail SolicitationsXMailSolicitations
Email SolicitationsXEmailSolicitations
Phone SolicitationsXPhoneSolicitations
In Person SolicitationsXInPersonSolicitations
Solicitation Of Non Govt GrantsXSolicitationOfNonGovtGrants
Solicitation Of Govt GrantsXSolicitationOfGovtGrants
Agreement Ref FundraisingtrueAgreementRefFundraising

Fundraiser Activity Information FundraiserActivityInformation (3 entries)

ActivityActivityFundraiser Control Of FundsFundraiserControlOfFundsAmount Retained By ContractorAmountRetainedByContractorNet To OrganizationNetToOrganization
MARTS & LUNDY INC
FUNDRAISING CONSULTINGfalse153065-153065
MOR ASSOCIATES
FUNDRAISING CONSULTINGfalse33000-33000
KATHLEEN L RYDAR
FUNDRAISING CONSULTINGfalse7063-7063
FieldValueIRS element (for citing)
Total Retained By Contractors193128TotalRetainedByContractors
Total Net To Organization-193128TotalNetToOrganization
Licensed StatesMALicensedStates

Form990 Schedule G Part IV Form990ScheduleGPartIV

FieldValueIRS element (for citing)
IdentifierSCHEDULE G, PART IIdentifier
Return ReferenceSCHEDULE G, PART IVReturnReference
ExplanationNO FUNDRAISING EVENTS WERE CONDUCTED IN RELATION TO THE AMOUNTS PAID TO THE PROFESSIONAL FUNDRAISERS. ADDITIONALLY, MIT DID NOT CONDUCT FUNDRAISING EVENTS PER IRS DEFINITIONS.Explanation

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records MaintainedtrueRecordsMaintained

Recipient Table RecipientTable (32 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeIRC SectionIRCSectionAmount Of Cash GrantAmountOfCashGrantPurpose Of GrantPurposeOfGrant
ALPHA CHI OMEGA
5939 CASTLE CREEK PARKWAY N DRINDIANAPOLISIN46250501(C)(7)16162IRDF GRANT
ALPHA DELTA PHI
PO BOX 426097CAMBRIDGEMA02142501(C)(7)19171IRDF GRANT
ALPHA EPSILON PI
330 BEACON STREET 33BOSTONMA02116501(C)(7)15726IRDF GRANT
ALPHA PHI
188 KATERINE RDRIDGEWOODNJ07450501(C)(7)34769IRDF GRANT
BETA THETA PI
PO BOX 12TAFTSVILLEVT05073501(C)(7)19683IRDF GRANT
CHI PHI
10 CREHORE DRIVENEWTON LOWER FALLSMA02115501(C)(7)21485IRDF GRANT
DELTA KAPPA EPSILON
6034 ROSEHOUSTONTX77007501(C)(7)16394IRDF GRANT
DELTA TAU DELTA
246 NEPONSET STREETCANTONMA02021501(C)(7)23732IRDF GRANT
DELTA UPSILON
212 FOSTER STREETLITTLETONMA01460501(C)(7)18894IRDF GRANT
EPSILON THETA
259 SAINT PAUL STREETBROOKLINEMA02446501(C)(7)11929IRDF GRANT
KAPPA SIGMA
11650 NW 56TH DR APT 106CORAL SPRINGFL33076501(C)(7)27848IRDF GRANT
LAMBDA CHI ALPHA
PO BOX 42006PROVIDENCERI02940501(C)(7)42749IRDF GRANT
MIT STUDENT HOUSE
18 HARLOW STARLINGTONMA02474501(C)(7)10200IRDF GRANT
NU DELTA
141 NOTTINGHILL ROADBRIGHTONMA02135501(C)(7)20922IRDF GRANT
PHI BETA EPSILON CORPORATION
PO BOX 1133NEW LONDONNH03257501(C)(7)13533IRDF GRANT
PHI DELTA THETA
902 SALEM END ROADFRAMINGHAMMA01702501(C)(7)40347IRDF GRANT
PHI KAPPA SIGMA FRATERNITY
8 AVON RDWELLESLEYMA02482501(C)(7)39007IRDF GRANT
PHI KAPPA THETA
229 COMMONWEALTH AVENUEBOSTONMA02116501(C)(7)13420IRDF GRANT
PHI LAMBDA PHI
7 CHESSMAN DRIVESHARONMA02067501(C)(7)28075IRDF GRANT
PHI SIGMA KAPPA
1545 COLONIAL TERRACE APT 301ARLINGTONVA22209501(C)(7)22170IRDF GRANT
PIKA
69 CHESTNUT STREETCAMBRIDGEMA02136501(C)(7)11331IRDF GRANT
SIGMA CHI
44 BOULDER BROOK ROADWELLESLYMA02481501(C)(7)14455IRDF GRANT
SIGMA KAPPA
8733 FOUNDERS ROADINDIANAPOLISIN46268501(C)(7)22918IRDF GRANT
SIGMA NU
28 THE FENWAYBOSTONMA02215501(C)(7)42962IRDF GRANT
TAU EPSILON PHI
253 COMMONWEALTH AVEBOSTONMA02116501(C)(7)10742IRDF GRANT
THETA CHI
641 EXETER ROADHAMPTONNH03842501(C)(7)16255IRDF GRANT
THETA DELTA CHI
40 E 9TH ST APT 11GNEW YORKNY10003501(C)(7)10752IRDF GRANT
THETA XI
64 BAY STATE ROADBOSTONMA02215501(C)(7)10460IRDF GRANT
WILG
130 THORNDIKE STARLINGTONMA02474501(C)(7)12196IRDF GRANT
ZETA BETA TAU
44 IVLOO STREET UNIT 2SOMERVILLEMA02143501(C)(7)24244IRDF GRANT
ALDEN GALLERIES INCORPORATED
387 WASHINGTON ST 801BOSTONMA021086873PRIZE/AWARD
TIMBUK2 DESIGNS INC
583 SHOTWELL STREETSAN FRANCISCOCA9411012475PRIZE/AWARD
FieldValueIRS element (for citing)
Total Nbr Of501 C3 And Govt Grants0TotalNbrOf501C3AndGovtGrants
Total Nbr Of Other Organizations32TotalNbrOfOtherOrganizations

Form990 Schedule I Part III Form990ScheduleIPartIII (7 entries)

Type Of GrantTypeOfGrantNumber Of RecipientsNumberOfRecipientsAmount Of Non Cash AssistanceAmountOfNonCashAssistanceMethod Of ValuationMethodOfValuationDescription Of Non Cash AssistanceDescriptionOfNonCashAssistanceAmount Of Cash GrantAmountOfCashGrant
TUITION SUPPORT7513327989000FMVFOR TUITION
HONORARIA676656920
PRIZES AND AWARDS12712422603
PUBLIC SERVICE CENTER FELLOWSHIPS32104950
MIT STUDENT STIPIENDS & FELLOWSHIPS192536173000
NON-MIT STUDENT FELLOWSHIPS42512798000
STUDENT WAGES813696446000

Form990 Schedule I Part IV Form990ScheduleIPartIV

FieldValueIRS element (for citing)
IdentifierProcedures for monitoring use of grant fundsIdentifier
Return ReferenceSchedule I, Part I, Line 2ReturnReference
ExplanationMIT PROVIDES SEVERAL TYPES OF GRANTS AND ASSISTANCE TO INDIVIDUALS AND ORGANIZATIONS. FOR PRIZES AND AWARDS, THE INDIVIDUAL OR ORGANIZATION MUST HAVE MET THE SPECIFIC CRITERIA TO BE SELECTED FOR THE PRIZE OR AWARD. IN THE CASE OF FELLOWSHIPS AND SCHOLARSHIPS, THE INDIVIDUAL IS REQUIRED TO UTILIZE THE FUNDS IN FURTHERANCE OF THEIR EDUCATION AT MIT. MIT MAKES GRANTS TO SEVERAL LOCAL CHAPTERS OF NATIONAL FRATERNITIES, SORORITIES AND INDEPENDENT LIVING GROUPS. THESE ORGANIZATIONS ARE COMPRISED OF MIT STUDENTS, AND HOUSE THESE STUDENTS. GRANTS ARE MADE TO SUPPORT THE OPERATIONAL COSTS OF THE EDUCATIONAL PURPOSES OF THE HOUSES (SO THAT THE HOUSES STAY CONSISTENT WITH MIT'S MISSION). IN ORDER FOR AN ORGANIZATION TO RECEIVE AN IRDF GRANT, THEY MUST GO THROUGH A RIGOROUS APPLICATION PROCESS. MIT GENERALLY DOES NOT MAKE DISBURSEMENTS TO INDIVIDUALS OR ORGANIZATIONS FOR CHARITABLE PURPOSES, EXCEPT THROUGH THE MIT COMMUNITY SERVICE FUND. THIS FUND'S RESOURCES COME PRIMARILY FROM CONTRIBUTIONS FROM MEMBERS OF THE MIT COMMUNITY. MIT DISBURSES THESE FUNDS FOR CHARITABLE PURPOSES INCLUDING SMALL GRANTS, INSUBSTANTIAL IN THE AGGREGATE, TO LOCALLY BASED CHARITABLE ORGANIZATIONS FOR THE PURPOSE OF FOSTERING BETTER COMMUNITY RELATIONS. PROCEDURES OF THE INSTITUTE WITH RESPECT TO ADMISSIONS, SCHOLARSHIPS, FELLOWSHIPS, AND STUDENT LOANS ARE PUBLICIZED IN THE INSTITUTE BULLETIN WHICH CONSTITUTES ITS CATALOGUE. GRANTS ARE MADE IN THE CONTEXT OF ACADEMIC OR RESEARCH PROGRAMS: RECIPIENTS SPEND THEIR GRANT FUNDS UNDER THE SUPERVISION OF THE PROGRAM AND ARE ACCOUNTABLE THROUGH THE PROGRAM FOR THE USE OF THE FUNDS.Explanation

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
First Class Or Charter TravelXFirstClassOrCharterTravel
Travel For CompanionsXTravelForCompanions
Idemnification Gross Up PaymentsXIdemnificationGrossUpPayments
Housing Allowance Or ResidenceXHousingAllowanceOrResidence
Club Dues Or FeesXClubDuesOrFees
Personal ServicesXPersonalServices
Written Policy Re T And E ExpensestrueWrittenPolicyReTAndEExpenses
Substantiation RequiredtrueSubstantiationRequired
Compensation CommitteeXCompensationCommittee
Independent ConsultantXIndependentConsultant
Form990 Of Other OrganizationsXForm990OfOtherOrganizations
Compensation SurveyXCompensationSurvey
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance PaymentfalseSeverancePayment
Supplemental Nonqual Retire PlantrueSupplementalNonqualRetirePlan
Equity Based Comp ArrangementfalseEquityBasedCompArrangement
Comp Based On Revenue Of Filing OrgfalseCompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related OrgsfalseCompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing OrgfalseCompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate OrgsfalseCompBasedNetEarningsRelateOrgs
Any Non Fixed PaymentstrueAnyNonFixedPayments
Initial Contract ExceptionfalseInitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (19 entries)

TitleTitleBase Compensation Filing OrgBaseCompensationFilingOrgComp Based On Related OrgsCompBasedOnRelatedOrgsBonus Filing OrgBonusFilingOrgBonus Related OrgsBonusRelatedOrgsOther Compensation Filing OrgOtherCompensationFilingOrgOther Compensation Related OrgsOtherCompensationRelatedOrgsDeferred Comp Filing OrgDeferredCompFilingOrgDeferred Comp Related OrgsDeferredCompRelatedOrgsNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgNontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgsTotal Compensation Filing OrgTotalCompensationFilingOrgTotal Compensation Related OrgsTotalCompensationRelatedOrgsComp Report Prior990 Filing OrgCompReportPrior990FilingOrgComp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
CHRIS KAISER
PROVOST363498000294900375000199800450468000
CLAUDE CANIZARES
VP FOR RESEARCH (OUTGOING)306032000353540125000156780369564000
DAVID SCHMITTLEIN
DEAN SLOAN SCHOOL OF MGMT611076000143327037500057210797624000
ERIC EVANS
DIRECTOR OF LINCOLN LABORATORY407372000146950325000254010479968000
GLEN URBAN
PROFESSOR SLOAN SCHOOL OF MGMT271846000450813087110110790742449000
ISRAEL RUIZ
EXECUTIVE VP & TREASURER46238200088370225000250420518761000
JEFFREY NEWTON
VP OF RESOURCE DEVELOPMENT38660900013015047500046840451808000
JOHN REED
CHAIRMAN OF THE CORPORATION265290000112500040690270484000
KIRK KOLENBRANDER
VP & SECRETARY OF THE CORPORATION2634320008400325000282770325049000
L RAFAEL REIF
PRESIDENT (INCOMING)614665000564380125000201560703759000
MARIA ZUBER
VP FOR RESEARCH (INCOMING)29532400062120325000691200403156000
NELSON REPENNING
PROFESSOR SLOAN SCHOOL OF MGMT2299880004977760213660217290770859000
PHILLIP CLAY
PROFESSOR293415000116670125000197910337373000
R GREGORY MORGAN
VP & GENERAL COUNSEL506893000649600375000271880636541000
ROBERTO FERNANDEZ
PROFESSOR SLOAN SCHOOL OF MGMT2997540003482400375000471920732686000
SETH ALEXANDER
PRESIDENT OF MITIMCO558355058354603060002250002634901221350000
STEVEN MARSH
MANAGING DIRECTOR - MITIMCO42366603100080155000325000265070808181000
SUSAN HOCKFIELD
PRESIDENT (OUTGOING)71310600088403904250008195201721597000
W ERIC GRIMSON
CHANCELLOR260733000270780375000312490356560000

Form990 Schedule J Part III Form990ScheduleJPartIII (10 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
First-class or charter travelSchedule J, Part I, Line 1aSCHEDULE 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.
Travel for companionsSchedule J, Part I, Line 1aCOMPANION 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.
Tax indemnification and gross-up paymentsSchedule J, Part I, Line 1aONE 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.
Housing allowance or residence for personal useSchedule J, Part I, Line 1aTHE 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 2012, PRESIDENT HOCKFIELD ONLY RESIDED ON THE MIT CAMPUS RESIDENCE FOR HALF OF THE YEAR. PRESIDENT REIF DID NOT RESIDE ON THE MIT CAMPUS RESIDENCE IN CALENDAR YEAR 2012. 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 $35,000 FOR PRESIDENT HOCKFIELD IN CALENDAR YEAR 2012. 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.
Health or social club dues or initiation feesSchedule J, Part I, Line 1aMIT 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.
Personal servicesSchedule J, Part I, Line 1aMIT 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.
Supplemental nonqualified retirement planSchedule J, Part I, Line 4bSEE BELOW AT OTHER REPORTABLE COMPENSATION.
OTHER REPORTABLE COMPENSATION - SCHEDULE J, PART II (18)SCHEDULE J, PART I, LINE 4BAS MIT HAS REPORTED IN PRIOR YEARS, MIT PAID AN AMOUNT ANNUALLY INTO AN ACCOUNT FOR THE BENEFIT OF PRESIDENT HOCKFIELD. MIT PAID $125,000 INTO THAT ACCOUNT IN CALENDAR YEAR 2012. SHE COULD NOT ACCESS THAT ACCOUNT BEFORE SHE CEASED SERVING AS MIT'S PRESIDENT. IN ADDITION, PRESIDENT HOCKFIELD VESTED IN A PORTION OF A DEFERRED ANNUITY IN CALENDAR YEAR 2012. THE VALUE OF THE VESTED PORTION OF THE ANNUITY WAS RECORDED IN CALENDAR YEAR 2012. THE OTHER COMPONENTS OF PRESIDENT HOCKFIELD'S OTHER REPORTABLE COMPENSATION INCLUDE THE HOUSEKEEPING SERVICES PROVIDED (REFERENCED ABOVE), A HOUSING ASSISTANCE AMOUNT IN CONNECTION WITH PRESIDENT HOCKFIELD'S RELOCATION FROM GRAY HOUSE (THE MIT PRESIDENT'S HOME), AND A PENSION MATCH. IN THIS FORM 990, THESE FIVE AMOUNTS ARE INCLUDED AS "OTHER REPORTABLE COMPENSATION" (SCHEDULE J, PART II, COLUMN (B)(III)) AS REQUIRED BY IRS REGULATION.
Non-fixed paymentsSchedule J, Part I, Line 7THE 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.
FORM 990, PART VIISCHEDULE J, PART IITHE 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 K IRS990ScheduleK

Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)

Bond ReferenceBondReferenceCdIssuer EINIssuerEINCUSIP NumberCUSIPNumberDate IssuedDateIssuedIssue PriceIssuePriceDescription Of PurposeDescriptionOfPurposeDefeasedDefeasedOn Behalf Of IssuerOnBehalfOfIssuerPool FinancingPoolFinancing
MASSACHUSETTS HEALTH & EDUCATIONAL FAC
A04245601157585K3G12003-05-07204790814CONSTRUCTION/RENOVATION/REFUNDfalsefalsefalse
MASSACHUSETTS HEALTH & EDUCATIONAL FAC
B04245601157586CBP92004-04-02150854243CONSTRUCTION AND RENOVATIONfalsefalsefalse
MASSACHUSETTS HEALTH & EDUCATIONAL FAC
C04245601157586C8G32008-08-13334995460CONSTRUCTION AND RENOVATIONfalsefalsefalse
MASSACHUSETTS HEALTH & EDUCATIONAL FAC
D04245601157586ECM12008-12-10274996289CONSTRUCTION AND RENOVATIONfalsefalsefalse

Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)

Bond ReferenceBondReferenceCdAmount RetiredAmountRetiredAmount Bond DefeasedAmountBondDefeasedTotal ProceedsTotalProceedsAmount In Reserve FundAmountInReserveFundCapitalized InterestCapitalizedInterestRefunding EscrowRefundingEscrowIssuance Costs From ProceedsIssuanceCostsFromProceedsCredit EnhancementCreditEnhancementWorking Capital ExpendituresWorkingCapitalExpendituresCapital ExpendituresCapitalExpendituresOther Spent ProceedsOtherSpentProceedsAmount UnspentAmountUnspentYear Of Subst CompletionYearOfSubstCompletionCurrent RefundingCurrentRefundingAdvance RefundingAdvanceRefundingFinal Allocation MadeFinalAllocationMadeAdequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind
A171900000205361235000104017000204321064002005truefalsetruetrue
B0015159921000085424300150744967002005falsefalsetruetrue
C00336035127000157567500334459512002010falsefalsetruetrue
D00276649117000155814600275090971002010falsefalsetruetrue

Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyAny Lease ArrangementsAnyLeaseArrangementsMngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprtyEngage Bond Counsel ContractsEngageBondCounselContractsAny Research AgreementsAnyResearchAgreementsEngage Bond Counsel ResearchEngageBondCounselResearchPrcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthersPercentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBITotal Private Business UseTotalPrivateBusinessUseBond Iss Meet Prvt Security Pay TestBondIssMeetPrvtSecurityPayTestChange In Use Bond Financed PropChangeInUseBondFinancedPropPrcntge Bond Financed PropPrcntgeBondFinancedPropRemedial Action TakenRemedialActionTakenNon Qualified Bond Remed ProcdrsNonQualifiedBondRemedProcdrs
Afalsefalsetruefalsetruefalse0.033400.000000.03340falsefalse0falsetrue
Bfalsefalsetruefalsetruefalse0.029900.000000.02990falsefalse0falsetrue
Cfalsefalsetruefalsetruefalse0.023100.000000.02310falsefalse0falsetrue
Dfalsefalsetruefalsetruefalse0.041800.000000.04180falsefalse0falsetrue

Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledRebate Not Due YetRebateNotDueYetException To RebateExceptionToRebateNo Rebate DueNoRebateDueVariable Rate IssueVariableRateIssueHedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecdsTerm Of HedgeTermOfHedgeSuperintegrated HedgeSuperintegratedHedgeHedge TerminatedHedgeTerminatedGross Proceeds Invested In GICGrossProceedsInvestedInGICTerm Of GICTermOfGICRegulatory Safe Harbor SatisfiedRegulatorySafeHarborSatisfiedGross Proceeds InvestedGrossProceedsInvestedWritten Proc To Monitor ReqsWrittenProcToMonitorReqs
Afalsefalsefalsefalsefalsefalse0.0falsefalsefalse0.0falsefalsetrue
Bfalsefalsefalsefalsefalsefalse0falsefalsefalse0falsefalsetrue
Cfalsefalsefalsefalsefalsefalse0falsefalsefalse0falsefalsetrue
Dfalsefalsefalsefalsefalsefalse0falsefalsefalse0falsefalsetrue

Form990 Schedule K Part V Form990ScheduleKPartV (4 entries)

Bond ReferenceBondReferenceCdProc To Undertk Corrective ActionProcToUndertkCorrectiveAction
Atrue
Btrue
Ctrue
Dtrue

Form990 Schedule K Part VI Form990ScheduleKPartVI (3 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
SCHEDULE K, PART I, LINE ASCHEDULE K, PART IDETAILS 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 III, LINE 3B & 3DSCHEDULE K, PART IIIMIT 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 4SCHEDULE K, PART IIIPRIVATE 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

Loan Table LoanTable

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1SUSAN HOCKFIELDBusinessNameLine1
FieldValueIRS element (for citing)
Relationship With OrganizationPRESIDENTRelationshipWithOrganization
Purpose Of LoanMORTGAGEPurposeOfLoan
Loan From OrganizationXLoanFromOrganization
Original Principal$500,000OriginalPrincipalAmount
Balance Due500000BalanceDue
DefaultfalseDefault
Approved By BoardtrueApprovedByBoard
Written AgreementtrueWrittenAgreement
FieldValueIRS element (for citing)
Total Balance Due500000TotalBalanceDue

Form990 Schedule L Part III Form990ScheduleLPartIII

Name Of Interested Business NameOfInterestedBusiness

FieldValueIRS element (for citing)
Business Name Line1CHILDREN'S SCHOLARSHIPBusinessNameLine1
FieldValueIRS element (for citing)
Relationship With OrganizationCHILDREN OF QUALIFIED FACULTYRelationshipWithOrganization
Amount Of Grant70080AmountOfGrant
Type Of AssistanceSCHOLARSHIPTypeOfAssistance
Purpose Of AssistanceSCHOLARSHIPPurposeOfAssistance

Form990 Schedule L Part IV Form990ScheduleLPartIV

Name Of Interested Person NameOfInterestedPerson

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1SEE PART VBusinessNameLine1
FieldValueIRS element (for citing)
RelationshipSEE PART VRelationship
Description Of TransactionSEE PART VDescriptionOfTransaction
Sharing Of RevenuesfalseSharingOfRevenues

Form990 Schedule L Part V Form990ScheduleLPartV (2 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
LINE 1 - CHILDREN'S SCHOLARSHIPSSCHEDULE L, PART IIIALTHOUGH 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.
PART IVSCHEDULE L, PART IVTHE FOLLOWING ARE ARM'S LENGTH TRANSACTIONS BETWEEN MIT AND 3RD PARTIES WHERE AN MIT OFFICER, DIRECTOR, TRUSTEE, KEY EMPLOYEE OR HIGHLY-COMPENSATED INDIVIDUAL SERVED ON THE BOARD OF DIRECTORS OF THE 3RD PARTY OR OWNED GREATER THAN 10% OF THE 3RD PARTY. CLAUDE CANIZARES IS A KEY EMPLOYEE AND ROBERT MILLARD IS A MEMBER OF THE EXECUTIVE COMMITTEE OF MIT. BOTH ARE ALSO ON THE BOARD OF L-3 COMMUNICATIONS. MIT PROCURED EQUIPMENT FROM L-3 COMMUNICATIONS IN THE AMOUNT OF $2,001,843. 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 $1,587,819. JAMES CHAMPY IS A MEMBER OF THE MIT EXECUTIVE COMMITTEE AND IS ALSO A MEMBER OF THE BOARD OF ANALOG DEVICES, INC. MIT PROCURED EQUIPMENT FROM ANALOG DEVICES IN THE AMOUNT OF $103,203. MIT ALSO RECEIVED SPONSORED RESEARCH REVENUE FROM ANALOG DEVICES, INC. IN THE AMOUNT OF $265,575. SUSAN HOCKFIELD IS THE PRESIDENT OF MIT AND A MEMBER OF THE BOARD AT GENERAL ELECTRIC. MIT PROCURED GOODS FROM GENERAL ELECTRIC IN THE AMOUNT OF $10,065. MIT RECEIVED SPONSORED RESEARCH REVENUE IN THE AMOUNT OF $900,306 FROM GENERAL ELECTRIC. MIT ALSO RECEIVED INDUSTRIAL LIASON PROGRAM MEMBERSHIP REVENUE FROM GENERAL ELECTRIC IN THE AMOUNT OF $75,000. DR.THOMAS BYRNE IS AN MIT FACULTY MEMBER, MS. PAMELA EVANS IS A RESEARCH GROUP LEADER AT MIT LINCOLN LABORATORY AND MR. MATIAS SACERDOTE IS A SENIOR INVESTMENT ASSOCIATE AT MITIMCO. EACH IS A FAMILY MEMBER OF A MIT DIRECTOR, OFFICER OR KEY EMPLOYEE. IN FY 2013, THEY RECEIVED COMPENSATION AND BENEFITS IN THE AMOUNTS OF $77,105, $220,573 AND $383,530 RESPECTIVELY.

Schedule M IRS990ScheduleM

Works Of Art WorksOfArt

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox
Number Of Contributions14NumberOfContributions
Noncash Contribs Rptd F9900NoncashContribsRptdF990

Books And Publications BooksAndPublications

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox

Clothing And Household Goods ClothingAndHouseholdGoods

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox

Securities Publicly Traded SecuritiesPubliclyTraded

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox
Number Of Contributions675NumberOfContributions
Noncash Contribs Rptd F99022972000NoncashContribsRptdF990
Method Of Determining RevenuesMARKET VALUEMethodOfDeterminingRevenues

Securities Miscellaneous SecuritiesMiscellaneous

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox
Number Of Contributions3NumberOfContributions
Noncash Contribs Rptd F990702000NoncashContribsRptdF990
Method Of Determining RevenuesMARKET VALUEMethodOfDeterminingRevenues

Other Non Cash Contributions Table OtherNonCashContributionsTable (3 entries)

Non Cash CheckboxNonCashCheckboxDescriptionDescriptionNumber Of ContributionsNumberOfContributionsNoncash Contribs Rptd F990NoncashContribsRptdF990Method Of Determining RevenuesMethodOfDeterminingRevenues
XEQUIPMENT679500MARKET VALUE
XARCHIVAL RECORDS280
XOTHER60
FieldValueIRS element (for citing)
Number Of8283 Received2NumberOf8283Received
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeld
Review Process Unusual NC GiftstrueReviewProcessUnusualNCGifts
Third Parties UsedtrueThirdPartiesUsed

Form990 Schedule M Part II Form990ScheduleMPartII (5 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
Explanations of reporting method for number of contributionsSchedule M, Part IART - WORKS OF ART: NUMBER OF CONTRIBUTIONS SECURITIES - PUBLICLY TRADED: NUMBER OF CONTRIBUTIONS SECURITIES - MISCELLANEOUS: NUMBER OF CONTRIBUTIONS OTHER: NUMBER OF CONTRIBUTIONS OTHER: NUMBER OF CONTRIBUTIONS OTHER: NUMBER OF CONTRIBUTIONS
Third parties used to solicit, process, or sell noncash contributionsSchedule M, Part I, Line 32bMIT REAL ESTATE FOUNDATION, INC.'S PRIMARY PURPOSE IS TO HOLD AND SELL GIFTS OF REAL ESTATE AND PROPERTY FOR THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY.
LINE 33SCHEDULE M, PART IMIT 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.
Number of contributions or items contributed.Schedule M, part I, column (b), Line 1NUMBER OF CONTRIBUTIONS
Number of contributions or items contributed.Schedule M, part I, column (b), Line 4

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (25 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
PART VI, LINE 1AFORM 990, PART VI, LINE 1ATHE MIT BYLAWS VEST IN THE EXECUTIVE COMMITTEE OF THE MIT CORPORATION THE RESPONSIBILITY FOR OVERSEEING THE GENERAL ADMINISTRATION AND SUPERINTENDENCE OF ALL MATTERS RELATING TO MIT, INCLUDING ITS EDUCATIONAL AND RESEARCH PROGRAMS, ADMINISTRATION PERFORMANCE, FINANCIAL AFFAIRS, ENDOWMENT, REAL PROPERTY, POLICIES, SYSTEMS, CONTROLS, SPECIAL CONTRACT SERVICES, AND FACULTY TENURE DECISION APPROVAL. THE EXECUTIVE COMMITTEE CONSISTS OF 14 MEMBERS AND MEETS 10 TIMES EACH YEAR. THE MIT CORPORATION IS A BODY CURRENTLY COMPRISED OF 75 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.
PART VI, LINE 1BFORM 990, PART VI, LINE 1BIN SCHEDULE L, PART IV, MIT REPORTS TRANSACTIONS WITH VARIOUS COMPANIES WHOSE BOARDS OF DIRECTORS INCLUDE MEMBERS OF MIT'S GOVERNING BODY. THE REPORTED TRANSACTIONS WERE ARM'S LENGTH, COMMERCIAL TRANSACTIONS OCCURRING IN THE ORDINARY COURSE OF BUSINESS FOR BOTH MIT AND THE VARIOUS COMPANIES AND WERE IMMATERIAL TO THE INDEPENDENCE OF THOSE INDIVIDUALS.
PART VI, LINE 2FORM 990, PART VI, LINE 2CLAUDE CANIZARES AND ROBERT MILLARD ARE BOARD MEMBERS OF L-3 COMMUNICATIONS, INC. SETH ALEXANDER AND R. GREGORY MORGAN ARE MEMBERS OF THE INVESTMENT COMMITTEE AND UNDERWRITING COMMITTEE, RESPECTIVELY, OF CRICO.
Significant changes to organizational documentsForm 990, Part VI, Section A, Line 4MIT'S BYLAWS WERE AMENDED AND MADE EFFECTIVE IN DECEMBER, 2012. THESE AMENDMENTS DEALT WITH A SERIES OF ISSUES, CHIEF OF WHICH INCLUDED: (I) CLARIFYING THE ROLE AND DUTIES OF THE CORPORATION AND CLARIFYING MIT'S EXECUTIVE COMMITTEE AS THE GOVERNING BODY THROUGH WHICH THE CORPORATION DISCHARGES MUCH OF ITS RESPONSIBILITY; (II) THE INTERFACE BETWEEN GOVERNANCE OVERSIGHT AND AUTHORITY AND FLEXIBILITY IN MATTERS OF ADMINISTRATION; (III) CERTAIN MIT STANDING COMMITTEES; AND (IV) OTHER CLARIFYING AND SIMPLIFYING CHANGES. NO DIRECT OR INDIRECT CHANGES WERE MADE TO OR OTHERWISE AFFECTED MIT'S CENTRAL TEACHING AND RESEARCH MISSION. TO VIEW THE CURRENT MIT BYLAWS, SEE HTTP://WEB.MIT.EDU/CORPORATION/BYLAWS/BYLAWS.PDF
Members or stockholders electing members of governing bodyForm 990, Part VI, Section A, Line 7aTHE 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.
Monitoring compliance of local unit's activitiesForm 990, Part VI, Section B, Line 10bTHE 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.
Review of form 990 by governing bodyForm 990, Part VI, Section B, Line 11bMIT'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.
Conflict of interest policyForm 990, Part VI, Section B, Line 12cMONITORING 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.
Process used to establish compensation of top management officialForm 990, Part VI, Section B, Line 15aTHE 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.
Process used to establish compensation of other officers/key employeesForm 990, Part VI, Section B, Line 15bTHE 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.
Governing documents, conflict of interest policy and financial statements available to the publicForm 990, Part VI, Section C, Line 19THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE ON MIT'S WEBSITE HTTP://WEB.MIT.EDU.
Other ExpensesForm 990, Part IX, Line 24OTHER EXPENSES - TOTAL EXPENSE: XXX-XX-XXXX, PROGRAM SERVICE EXPENSE: 227450000, MANAGEMENT AND GENERAL EXPENSES: XXX-XX-XXXX, FUNDRAISING EXPENSES: 1863000;
PART II, COLUMN B(III)SCHEDULE J, 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 FERNANDEZ, URBAN, REPENNING AND SCHMITTLEIN.
PART II, COLUMN (C)SCHEDULE J, PART II, COLUMN (C)SCHEDULE J, PART II, COLUMN (C) DOES NOT INCLUDE $129,507 OF INCENTIVE COMPENSATION FOR MR. ALEXANDER AND $74,625 OF INCENTIVE COMPENSATION FOR MR. MARSH AWARDED IN JANUARY 2012. THESE AMOUNTS CAN INCREASE OR DECREASE DEPENDING ON THE PERFORMANCE OF THE ENDOWMENT AND ARE CONTINGENT ON CONTINUED EMPLOYMENT BY MIT.
Number of contributions or items contributed.Schedule M, part I, column (b), Line 9NUMBER OF CONTRIBUTIONS
Number of contributions or items contributed.Schedule M, part I, column (b), Line 12NUMBER OF CONTRIBUTIONS
Number of contributions or items contributed.Schedule M, part I, column (b), Line other=EQUIPMENTNUMBER OF CONTRIBUTIONS
Number of contributions or items contributed.Schedule M, part I, column (b), Line other=ARCHIVAL RECORDSNUMBER OF CONTRIBUTIONS
Number of contributions or items contributed.Schedule M, part I, column (b), Line other=OTHERNUMBER OF CONTRIBUTIONS
Number of contributions or items contributed.Schedule M, part I, column (b), Line 1NUMBER OF CONTRIBUTIONS
Number of contributions or items contributed.Schedule M, part I, column (b), Line 9NUMBER OF CONTRIBUTIONS
Number of contributions or items contributed.Schedule M, part I, column (b), Line 12NUMBER OF CONTRIBUTIONS
Number of contributions or items contributed.Schedule M, part I, column (b), Line other=EQUIPMENTNUMBER OF CONTRIBUTIONS
Number of contributions or items contributed.Schedule M, part I, column (b), Line other=ARCHIVAL RECORDSNUMBER OF CONTRIBUTIONS
Number of contributions or items contributed.Schedule M, part I, column (b), Line other=OTHERNUMBER OF CONTRIBUTIONS

Schedule R IRS990ScheduleR

Form990 Schedule R Part I Form990ScheduleRPartI (44 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesLegal Domicile StateLegalDomicileStateTotal IncomeTotalIncomeEOY AssetsEOYAssetsBusiness Name Line1DirectControllingEntityName/BusinessNameLine1
MIT REAL ESTATE LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242810643869REAL ESTATEMA225623157665000MIT
TECHNOLOGY SQUARE FINANCE LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242810643894REAL ESTATEMA-87140MIT
MIT 130 BROOKLINE LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA-12405219150001MIT
MIT 170171 SIDNEY LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA1339382895000MIT
MIT 300 THIRD LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA83351918070000MIT
MIT 770790 MEMORIAL LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA63213713391000MIT
MIT 99 ERIE LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA1411023045000MIT
MIT 185 ALBANY SPE LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA00MIT
MIT 195 ALBANY SPE LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA-6163389400000MIT
MIT 207 ALBANY SPE LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA-575414000000MIT
MIT 8 CARLETON STREET LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA-1698694000000MIT
MIT WEST 300 BLOCK MASS AVE FEE OWNER LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA-465507500000MIT
MIT VASSAR HOLDINGS LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242REAL ESTATEMA00MIT
MIT 128 SIDNEY SPE LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA1202413MIT
MIT 148 SIDNEY SPE LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA1202413MIT
MIT 149 SIDNEY SPE LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA1202413MIT
MIT 640 MEMORIAL SPE LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA10205MIT
MIT ONE BROADWAY FEE OWNER LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA1202413MIT
MIT 177 MASSACHUSETTS AVENUE LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA10201MIT
MIT 650 MAIN STREET LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA1202413MIT
MIT 424-456 MASSACHUSETTS AVENUE LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA10203MIT
MIT 281-295 ALBANY STREET LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA10204MIT
MIT 12 EMILY STREET LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA10204MIT
MIT 128 SIDNEY LEASEHOLD LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA210579318000000MIT
MIT 148 SIDNEY LEASEHOLD LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA286545700000MIT
MIT 149 SIDNEY LEASEHOLD LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA156819518985000MIT
MIT 640 MEMORIAL LEASEHOLD LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242461548002REAL ESTATEMA4613796133967407MIT
MIT ONE BROADWAY LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA8086576131000000MIT
177 MASSACHUSETTS AVENUE LEASEHOLD LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA10581762224496400MIT
650 MAIN STREET LEASEHOLD LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA966441270740000MIT
424-456 MASSACHUSETTS AVENUE LEASEHOLD LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA81062713500000MIT
281-295 ALBANY STREET LEASEHOLD LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA150483916400000MIT
12 EMILY STREET LEASEHOLD LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA102361210360000MIT
MIT WEST 300 BLOCK JV LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA-185311281997MIT
MIT EAST 300 BLOCK JV LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594REAL ESTATEMA-292266903MIT
TECH SQUARE JV LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242205242541REAL ESTATEMA93955267198612MIT
MEADOWLARK ASSOCIATES LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242042103594INVESTMENTSDE-4092262125193051MIT
BLUE JAY ASSOCIATES LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242INVESTMENTSDE00MIT
PEF LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242261424379INVESTMENTSDE464472884963609MIT
MIT PRIVATE EQUITY LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242043490003INVESTMENTSMA24406121228MIT
MIT PRIVATE EQUITY MANAGEMENT COMPANY LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242043490002INVESTMENTSMA-10756255712MIT
MIT PRIVATE EQUITY MANAGEMENT COMPANY II LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242431964717INVESTMENTSMA-318994237MIT
MIT PRIVATE EQUITY MANAGEMENT COMPANY III LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242204639870INVESTMENTSMA-662074287MIT
MIT PRIVATE EQUITY MANAGEMENT COMPANY IV LLC
C/O MIT 238 MAIN STREET SUITE 200CAMBRIDGEMA01242261356780INVESTMENTSMA-2145686576MIT

Form990 Schedule R Part II Form990ScheduleRPartII (10 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodePrimary ActivitiesPrimaryActivitiesLegal Domicile StateLegalDomicileStateExempt Code SectionExemptCodeSectionPublic Charity StatusPublicCharityStatusBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Controlled OrgControlledOrg
MIT ENTERPRISE FORUM INC
77 MASSACHUSETTS AVENUECAMBRIDGEMA02142EDUCATIONMA501(C)(3)11 - Type ITECHNOLOGY REVIEWtrue
MIT REAL ESTATE FOUNDATION INC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142REAL ESTATEMA501(C)(3)11 - Type IMITtrue
TECHNOLOGY REVIEW INC
ONE MAIN STREET 7TH FLOORCAMBRIDGEMA02142PUBLICATIONMA501(C)(3)11 - Type IMITtrue
TECHNOLOGY BROADCASTING CORPORATION
3 AMES STREETCAMBRIDGEMA02142RADIOMA501(C)(3)9MITtrue
LORD FOUNDATION OF MASSACHUSETTS INC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142MIT SUPPORTMA501(C)(3)11 - Type IMITtrue
MIT RETIREE WELFARE BENEFIT TRUST
77 MASSACHUSETTS AVENUE NE 49-31CAMBRIDGEMA02142HEALTH BEN.MA501(C)(3)11 - Type IMITtrue
KENDALL PARTNERS I INC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142TITLE HOLDMA501(C)(2)N/AMITtrue
THE MASSACHUSETTS GREEN HIGH PERFORMANCE
100 BIGELOW STREETHOLYOKEMA01040RESEARCHMA501(C)(3)11 - Type INAfalse
MGHPCC HOLYOKE INC
100 BIGELOW STREETHOLYOKEMA01041RESEARCHMA501(C)(3)11 - Type INAfalse
EDX INC
141 PORTLAND STREET 9TH FLOORCAMBRIDGEMA02139EDUCATIONMA501(C)(3)11 - Type INA

Form990 Schedule R Part III Form990ScheduleRPartIII (19 entries)

EINEINPrimary ActivityPrimaryActivityLegal Domicile Foreign CountryLegalDomicileForeignCountryBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Predominant Income TypePredominantIncomeTypeShare Of Total IncomeShareOfTotalIncomeShare Of EOY AssetsShareOfEOYAssetsDisproportionate AllocationsDisproportionateAllocationsCode VCodeVAmountGeneral Or Managing PartnerGeneralOrManagingPartnerPercentage OwnershipPercentageOwnershipLegal Domicile StateLegalDomicileState
ALCHEMY PLAN (CAMBRIDGE) LP
980203250INVESTMENTSGKMITEXCLUDED-149203627462761false$0false0.9901
MD INVESTORS VALUE FUND
300615514INVESTMENTSMIT INVESTMENTS 2010 LPEXCLUDED10031575149793407false$0false0.98164DE
MALLARD FUND LP
208974201INVESTMENTSMEADOWLARK ASSOCIATES LLCEXCLUDED-4092262125193051false$0false0.99567TX
MERCKX CAPITAL PARTNERS LP
364711803INVESTMENTSMIT INVESTMENTS 2010 LPEXCLUDED457512956451166false$0false0.89208DE
MFPLA LP
453203773INVESTMENTSMIT INVESTMENTS 2010 LPEXCLUDED7748189234125935false$0false0.97439DE
MGPLA LP
453625653INVESTMENTSMIT INVESTMENTS 2010 LPEXCLUDED197296946774287false$0false0.9899DE
MIT INVESTMENTS 2009 LP
270896088INVESTMENTSMITEXCLUDED68971265716156712false$777,345true0.91113DE
MIT INVESTMENTS 2010 LP
270542081INVESTMENTSMITEXCLUDED1061202152936125382false-$1,618,191true1DE
STOCKBRIDGE FUND M LP
272122022INVESTMENTSMIT INVESTMENTS 2010 LPEXCLUDED6754825105932363false$0false0.98740MA
WEXFORD MIT DISTRESSED LP
113650262INVESTMENTSMITEXCLUDED14948990false$600,132false0DE
WEXFORD MIT ENERGY II LP
760787877INVESTMENTSMITEXCLUDED210665521156799false$375,293false0.90909DE
WEXFORD MIT ENERGY LP
800057801INVESTMENTSMITEXCLUDED2077283869515false$74,215false0.66867DE
WEXFORD SPECIAL SITUATIONS 1997 INSTITUTIONAL LP
061483925INVESTMENTSMITEXCLUDED1636430false$72,479false0DE
GALILEO TM LLC
990376894INVESTMENTSMIT INVESTMENTS 2010 LPEXCLUDED-25729108383425false$0false0.99038DE
HEPHAESTUS ENERGY FUND LP
364747789INVESTMENTSMIT INVESTMENTS 2010 LPEXCLUDED049786566false$0false1DE
INDIA INSTITUTIONAL FUND LLC
980442802INVESTMENTSMITEXCLUDED13401025695848false$0false0.86176DE
MIT PRIVATE EQUITY II LLC
753066771INVESTMENTSMITEXCLUDED20775196726false$18true1DE
MIT PRIVATE EQUITY III LLC
204639783INVESTMENTSMITEXCLUDED5874325470false$1,056true1DE
MIT PRIVATE EQUITY IV LLC
261356668INVESTMENTSMITEXCLUDED8532126454false-$78true1DE

Form990 Schedule R Part IV Form990ScheduleRPartIV (16 entries)

Address Line1AddressForeign/AddressLine1Province Or StateAddressForeign/ProvinceOrStateCountryAddressForeign/CountryPostal CodeAddressForeign/PostalCodePrimary ActivityPrimaryActivityLegal Domicile Foreign CountryLegalDomicileForeignCountryBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Type Of EntityTypeOfEntityShare Of Total IncomeShareOfTotalIncomeShare Of EOY AssetsShareOfEOYAssetsPercentage OwnershipPercentageOwnershipControlled OrgControlledOrgCityAddressForeign/CityLegal Domicile StateLegalDomicileStateAddress Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCode
GAOLING FEEDER II
PO BOX 908GT MARY STREETGRAND CAYMANCJKY1 9005INVESTMENTSCJMITC CORPORATION04003736591true
MIT ENDOWMENTPATRON SCOTLAND LP
50 LOTHIAN ROAD FESTIVAL SQUAREMIDLOTHIANUKEH3 9BYINVESTMENTSUKMIT PATRON GP LIMITEDC CORPORATION168032120500001trueEDINBURGH
MIT ENDOWMENTPATRON GP LIMITED
50 LOTHIAN ROAD FESTIVAL SQUAREMIDLOTHIANUKEH3 9BYINVESTMENTSUKMITC CORPORATION001trueEDINBURGH
THE GALLINULE FUND
PO BOX 309 UGLAND HOUSEGRAND CAYMANCJKY1 1104INVESTMENTSCJMIT INVESTMENTS 2010 LPC CORPORATION562096062708937801true
CHARITABLE REMAINDER TRUSTS (278)
INVESTMENTSNATRUSTtrueMA
CHARITABLE LEAD TRUST (1)
INVESTMENTSNATRUSTtrueMA
POOLED INCOME FUNDS (184)
INVESTMENTSNATRUSTtrueMA
CHARITABLE REMAINDER TRUSTS (23)
INVESTMENTSNATRUSTtrue
CHARITABLE LEAD TRUST (1)
INVESTMENTSNATRUSTtrue
OUTSIDE PERPETUAL TRUST (18)
INVESTMENTSNATRUSTtrue
BARTON INSURANCE CO LTD
CRAIG APPIN HOUSE8 WESLEY ST HM JXHAMILTONBDINSURANCEBDMITC CORPORATION1true
MIT PRESS LIMITED
FITZROY HOUSE 11 CHENIES STREETLONDONUKWC1E 7EPUBLICATIONUKMITC CORPORATION23455913088951true
SINGAPORE-MIT ALLIANCE FOR RESEARCH AND TECHNOLOGY
1 CREATE WAY 10-01 CREATE TOWERSN138602RESEARCHSNMITC CORPORATION578335241true
BOSE CORPORATION
PRODUCT DEVELOPMENTNAC CORPORATIONtrueDETHE MOUNTAINFRAMINGHAMMA01701
MIT INDIA TRUST
PIROJSHANAGER EASTERN EXPRESS HWYMUMBAIIN40007EDUCATIONAL SUPPORTINMITC CORPORATION1true
INDIA INSTITUTIONAL FUND LIMITED
IFS COURT 28 CYBERCITY EBENEMPINVESTMENTSMPINDIA INSTITUTIONAL FUND LLCC CORPORATION0256958480.86176trueMP
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents RoyaltiesfalseReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other OrgtrueGiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other OrgtrueGiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other OrgtrueLoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other OrgfalseLoansOrGuaranteesFromOtherOrg
Dividends Related OrganizationtrueDividendsRelatedOrganization
Sale Of Assets To Other OrgfalseSaleOfAssetsToOtherOrg
Purchase Of Assets From Other OrgfalsePurchaseOfAssetsFromOtherOrg
Exchange Of AssetsfalseExchangeOfAssets
Rental Of Facilities To Other OrgsfalseRentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other OrgsfalseRentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other OrgsfalsePerformOfServicesForOtherOrgs
Perform Of Services By Other OrgstruePerformOfServicesByOtherOrgs
Sharing Of FacilitiesfalseSharingOfFacilities
Sharing Of Paid EmployeesfalseSharingOfPaidEmployees
Reimbursement Paid To Other OrgtrueReimbursementPaidToOtherOrg
Reimbursement Paid By Other OrgtrueReimbursementPaidByOtherOrg
Other Transfer To Other OrgtrueOtherTransferToOtherOrg
Other Transfer From Other OrgtrueOtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (23 entries)

Transaction TypeTransactionTypeAmount InvolvedAmountInvolvedMethod Of Amt DeterminationMethodOfAmtDetermination
SINGAPORE-MIT ALLIANCE FOR RESEARCH & TECHNOLOGY CENTRE
C10806000CASH
TECHNOLOGY REVIEW INC
D2863000CASH
BOSE CORPORATION
F10038837FMV
MIT PRESS LTD
M804000CASH
TECHNOLOGY REVIEW INC
P1880000CASH
SINGAPORE-MIT ALLIANCE FOR RESEARCH & TECHNOLOGY CENTRE
Q4963000CASH
BARTON INSURANCE CO LTD
S4375000CASH
LORD FOUNDATION OF MASSACHUSETTS INC
R968000CASH
MIT REAL ESTATE FOUNDATION INC
S812000CASH
MIT PRESS LTD
S55000CASH
GAOLING FEEDER II
B20000000CASH
ALCHEMY PLAN (CAMBRIDGE) LP
B220384CASH
ALCHEMY PLAN (CAMBRIDGE) LP
S3131595CASH
MALLARD FUND LP
B28000000CASH
MIT INVESTMENTS 2009 LP
B149577388CASH
MIT INVESTMENTS 2009 LP
S161679914CASH
MIT INVESTMENTS 2010 LP
B1295610404CASH
MIT INVESTMENTS 2010 LP
S303494087CASH
WEXFORD MIT DISTRESSED LP
S16854070CASH
WEXFORD MIT ENERGY II LP
S909091CASH
WEXFORD MIT ENERGY LP
S668673CASH
WEXFORD SPECIAL SITUATIONS 1997 INSTITUTIONAL LP
S2028149CASH
LORD FOUNDATION OF MASSACHUSETTS INC
S1703000CASH

Form990 Schedule R Part VII Form990ScheduleRPartVII

FieldValueIRS element (for citing)
IdentifierSCHEDULE R, PART IVIdentifier
Return ReferencePART VIIReturnReference
ExplanationMIT IS THE OWNER (RECEIVED BY WAY OF TWO CHARITABLE GIFTS AND DISCLOSED IN A PRIOR TAX YEAR) OF A MAJORITY OF BOSE CORPORATION'S CLASS B SHARES. THIS INTEREST IS ENTIRELY PASSIVE AND PURELY ECONOMIC AS MIT POSSESSES ONLY THE RIGHT TO RECEIVE DIVIDENDS WHICH MAY BE DISTRIBUTED ON THE SHARES. THE CLASS B SHARES HAVE NO VOTING POWER OVER BOARD MEMBERSHIP, CORPORATE LIQUIDATION OR SALE, OR OTHER CORPORATE GOVERNANCE AND OPERATIONS ISSUES. AS A CLASS B SHAREHOLDER, MIT IS NOT PERMITTED TO SELL ITS STOCK WITHOUT THE EXPRESS APPROVAL OF BOSE'S BOARD. PUBLIC DISCLOSURE OF CERTAIN DETAILS ABOUT THE GIFT COULD PUT BOSE CORPORATION AT A COMPETITIVE DISADVANTAGE.* * SEVERAL IRS PRONOUNCEMENTS HAVE MADE IT CLEAR THAT THE FORM 990 IS NOT INTENDED TO PUT A DISCLOSED DONOR AT A POTENTIAL COMPETITIVE DISADVANTAGE.Explanation

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