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
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-05-14T15:01:14-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042103594 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MASSACHUSETTS INSTITUTE OF TECHNOLOGY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MASS | NameControl |
| Phone | 6172532777 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 77 MASSACHUSETTS AVENUE NE49-3142 | AddressLine1 |
| City | Cambridge | City |
| State | MA | State |
| ZIP Code | 021394307 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ISRAEL RUIZ | Name |
| Title | EXECUTIVE VP & TREASURER | Title |
| Date Signed | 2014-05-08 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
Name Of Principal Officer Business NameOfPrincipalOfficerBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | L RAFAEL REIF | BusinessNameLine1 |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 77 MASSACHUSETTS AVENUE | AddressLine1 |
| City | Cambridge | City |
| State | MA | State |
| ZIP Code | 02139 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 67844590000 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | HTTP://WEB.MIT.EDU | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1861 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | THE MISSION OF MIT IS TO ADVANCE KNOWLEDGE AND EDUCATE STUDENTS IN SCIENCE, TECHNOLOGY, AND OTHER AREAS OF SCHOLARSHIP THAT WILL BEST SERVE THE NATION AND THE WORLD IN THE 21ST CENTURY. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 14 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 10 | NbrIndependentVotingMembers |
| Total Nbr Employees | 22857 | TotalNbrEmployees |
| Total Nbr Volunteers | 13187 | TotalNbrVolunteers |
| Total Gross UBI | 22664000 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -11274196 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 894547000 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 817616000 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 1770381000 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 1861711000 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 406218000 | InvestmentIncomePriorYear |
| Investment Income Current Year | 731033000 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 284289000 | OtherRevenuePriorYear |
| Other Revenue Current Year | 587108000 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 3355435000 | TotalRevenuePriorYear |
| Total Revenue Current Year | 3997468000 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 457816000 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 479075000 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1195801000 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1289034000 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 358000 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 193000 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 37210000 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1730628000 | OtherExpensePriorYear |
| Other Expenses Current Year | 1354748000 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 3384603000 | TotalExpensesPriorYear |
| Total Expenses Current Year | 3123050000 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -29168000 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 874418000 | RevenuesLessExpensesCY |
| Total Assets BOY | 16769229000 | TotalAssetsBOY |
| Total Assets EOY | 17675782000 | TotalAssetsEOY |
| Total Liabilities BOY | 4221173000 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 3767239000 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 12548056000 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 13908543000 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE MISSION OF MIT IS TO ADVANCE KNOWLEDGE AND EDUCATE STUDENTS IN SCIENCE, TECHNOLOGY, AND OTHER AREAS OF SCHOLARSHIP THAT WILL BEST SERVE THE NATION AND THE WORLD IN THE 21ST CENTURY. | MissionDescription |
| Expense | 1350313000 | Expense |
| Grants | 77567000 | Grants |
| Revenue | 1333216000 | Revenue |
| Description | SPONSORED RESEARCH: MIT'S CAMBRIDGE, MA CAMPUS PROVIDES A FERTILE SETTING FOR RESEARCH THAT HAS SPAWNED A HOST OF SCIENTIFIC BREAKTHROUGHS AND TECHNOLOGICAL ADVANCES. PRIMARILY SPONSORED BY FEDERAL GRANTS AND CONTRACTS, RESEARCH AT MIT AIMS TO DEVELOP INNOVATIVE SOLUTIONS TO THE WORLD'S MOST DAUNTING CHALLENGES. FROM ADDRESSING THE ENERGY NEEDS OF TOMORROW TO IMPROVING CANCER THERAPIES AND MORE, MIT'S RESEARCH EFFORTS ARE ENHANCED THROUGH CREATIVE COLLABORATIONS IN INTERDISCIPLINARY LABS AND WITH LEADING RESEARCH INSTITUTES AND CONSORTIA AROUND THE WORLD. SEE SCHEDULE O. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 692032000 | Expense |
| Grants | 140297000 | Grants |
| Revenue | 636816000 | Revenue |
| Description | INSTRUCTION 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 258726000 | Expense |
| Grants | 258726000 | Grants |
| Description | SCHOLARSHIPS AND FELLOWSHIPS (TUITION DISCOUNT): MIT'S UNDERGRADUATE FINANCIAL AID PROGRAM ENSURES THAT AN MIT EDUCATION IS ACCESSIBLE TO ALL QUALIFIED CANDIDATES REGARDLESS OF THEIR FINANCIAL RESOURCES. MIT REMAINS DEDICATED TO PROVIDING FINANCIAL AID TO MEET THE FULL COST OF AN MIT EDUCATION, BASED ON THE NEEDS OF THE FAMILY. IN 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 224567000 | Expense |
| Grants | 2486000 | Grants |
| Revenue | 330784000 | Revenue |
| Description | THIS ITEM CONSISTS OF OTHER EXPENDITURES (INCLUDING GRANTS) INCURRED, AND REVENUES GENERATED IN CONNECTION WITH MIT'S OTHER PROGRAM SERVICES RELATED TO VARIOUS ACTIVITIES IN FURTHERANCE OF AND IN SUPPORT OF MIT'S EXEMPT MISSION WHICH INCLUDED BUT WERE NOT LIMITED TO SUCH THINGS AS FEES AND SERVICES (FOR EXAMPLE, MEDICAL DEPARTMENT, TECHNOLOGY LICENSING OFFICE), AUXILIARY ENTERPRISES (FOR EXAMPLE, HOUSING, DINING), AND OTHER MISCELLANEOUS PROGRAM SERVICE REVENUE. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 224567000 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 2486000 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 330784000 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 2525638000 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | true | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | true | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | true | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | true | ForeignOffice |
| Foreign Activities | true | ForeignActivities |
| More Than5000 K To Organizations | true | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | true | MoreThan5000KToIndividuals |
| Professional Fundraising | true | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | true | LoanToOfficerOrDQP |
| Grant To Related Person | true | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | true | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | true | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | true | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | true | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transaction Related Entity | true | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | true | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 25304 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 22857 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | true | ForeignFinancialAccount |
| Name Of Foreign Country | AR | NameOfForeignCountry |
| Name Of Foreign Country | BD | NameOfForeignCountry |
| Name Of Foreign Country | GR | NameOfForeignCountry |
| Name Of Foreign Country | HU | NameOfForeignCountry |
| Name Of Foreign Country | IN | NameOfForeignCountry |
| Name Of Foreign Country | IS | NameOfForeignCountry |
| Name Of Foreign Country | KS | NameOfForeignCountry |
| Name Of Foreign Country | MY | NameOfForeignCountry |
| Name Of Foreign Country | RP | NameOfForeignCountry |
| Name Of Foreign Country | RO | NameOfForeignCountry |
| Name Of Foreign Country | SN | NameOfForeignCountry |
| Name Of Foreign Country | TW | NameOfForeignCountry |
| Name Of Foreign Country | TH | NameOfForeignCountry |
| Name Of Foreign Country | TU | NameOfForeignCountry |
| Name Of Foreign Country | UK | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | true | Form8282PropertyDisposedOf |
| Number Of8282 Filed | 2 | NumberOf8282Filed |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 14 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 10 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | true | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | true | LocalChapters |
| Policies Reference Chapters | false | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | true | InvestmentInJointVenture |
| Written Policy Or Procedure | true | WrittenPolicyOrProcedure |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OK | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BASIL A STEWART | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6172532777 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 77 MASSACHUSETTS AVENUE NE49-3142 | AddressLine1 |
| City | Cambridge | City |
| State | MA | State |
| ZIP Code | 02139 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (30 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Average Hours Per Week RelatedAverageHoursPerWeekRelated | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|---|
| ISRAEL RUIZ | ||||||||||
| Executive VP & Treasurer | 60.00 | 3.00 | X | X | 471219 | 0 | 47542 | |||
| JOHN REED | ||||||||||
| Chairman of the Corporation | 30.00 | 2.00 | X | X | 266415 | 0 | 4069 | |||
| L RAFAEL REIF | ||||||||||
| President (Incoming) | 60.00 | 3.00 | X | X | 671103 | 0 | 32656 | |||
| SUSAN HOCKFIELD | ||||||||||
| President (Outgoing) | 60.00 | 0 | X | X | 1597145 | 0 | 124452 | |||
| A NEIL PAPPALARDO | ||||||||||
| Executive Committee Member | 5.00 | 0 | X | 0 | 0 | 0 | ||||
| ARTHUR SAMBERG | ||||||||||
| Executive Committee Member | 5.00 | 0 | X | 0 | 0 | 0 | ||||
| BARRIE ZESIGER | ||||||||||
| Executive Committee Member | 5.00 | 0 | X | 0 | 0 | 0 | ||||
| DENIS BOVIN | ||||||||||
| Executive Committee Member | 5.00 | 1.00 | X | 0 | 0 | 0 | ||||
| DIANE GREENE | ||||||||||
| Executive Committee Member | 5.00 | 0 | X | 0 | 0 | 0 | ||||
| HENRICUS TERMEER | ||||||||||
| Executive Committee Member | 5.00 | 0 | X | 0 | 0 | 0 | ||||
| JAMES CHAMPY | ||||||||||
| Executive Committee Member | 5.00 | 0 | X | 0 | 0 | 0 | ||||
| JOHN THAIN | ||||||||||
| Executive Committee Member | 5.00 | 1.00 | X | 0 | 0 | 0 | ||||
| LAWRENCE FISH | ||||||||||
| Executive Committee Member | 5.00 | 0 | X | 0 | 0 | 0 | ||||
| ROBERT MILLARD | ||||||||||
| Executive Committee Member | 5.00 | 1.00 | X | 0 | 0 | 0 | ||||
| SUSAN WHITEHEAD | ||||||||||
| Executive Committee Member | 5.00 | 0 | X | 0 | 0 | 0 | ||||
| KIRK KOLENBRANDER | ||||||||||
| VP & Secretary of the Corporation | 60.00 | 0 | X | 264272 | 0 | 60777 | ||||
| CHRIS KAISER | ||||||||||
| Provost | 60.00 | 2.00 | 392988 | 0 | 57480 | X | ||||
| CLAUDE CANIZARES | ||||||||||
| VP for Research (Outgoing) | 60.00 | 2.00 | 341386 | 0 | 28178 | X | ||||
| ERIC EVANS | ||||||||||
| Director of Lincoln Laboratory | 60.00 | 0 | 422067 | 0 | 57901 | X | ||||
| JEFFREY NEWTON | ||||||||||
| VP of Resource Development | 60.00 | 0 | 399624 | 0 | 52184 | X | ||||
| MARIA ZUBER | ||||||||||
| VP for Research (Incoming) | 60.00 | 1.00 | 301536 | 0 | 101620 | X | ||||
| R GREGORY MORGAN | ||||||||||
| VP & General Counsel | 60.00 | 0 | 571853 | 0 | 64688 | X | ||||
| SETH ALEXANDER | ||||||||||
| President of MITIMCo | 60.00 | 2.00 | 1172501 | 0 | 48849 | X | ||||
| W ERIC GRIMSON | ||||||||||
| Chancellor | 60.00 | 2.00 | 287811 | 0 | 68749 | X | ||||
| DAVID SCHMITTLEIN | ||||||||||
| Dean Sloan School of Mgmt | 60.00 | 0 | 754403 | 0 | 43221 | X | ||||
| GLEN URBAN | ||||||||||
| Professor Sloan School of Mgmt | 60.00 | 0 | 722659 | 0 | 19790 | X | ||||
| NELSON REPENNING | ||||||||||
| Professor Sloan School of Mgmt | 60.00 | 0 | 727764 | 0 | 43095 | X | ||||
| ROBERTO FERNANDEZ | ||||||||||
| Professor Sloan School of Mgmt | 60.00 | 0 | 647994 | 0 | 84692 | X | ||||
| STEVEN MARSH | ||||||||||
| Managing Director - MITIMCo | 60.00 | 0 | 749174 | 0 | 59007 | X | ||||
| PHILLIP CLAY | ||||||||||
| Professor | 40.00 | 0 | 305082 | 0 | 32291 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 11066996 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 1031241 | TotalOtherCompensation |
| Number Individuals GT100 K | 3141 | NumberIndividualsGT100K |
| Formers Listed | true | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| BOND BROTHERS INC | |||||
| 145 SPRING STREET | EVERETT | MA | 02149 | CONSTRUCTION | 19442103 |
| BARR & BARR INC | |||||
| 260 COCHITUATE RD | FRAMINGHAM | MA | 01701 | CONSTRUCTION | 16719081 |
| ALEXANDRIA REAL ESTATE INC (AREE) | |||||
| 700 TECHNOLOGY SQUARE | CAMBRIDGE | MA | 02139 | MANAGEMENT | 10846998 |
| SHAWMUT DESIGN & CONSTRUCTION CO | |||||
| 560 HARRISON AVE | BOSTON | MA | 02118 | CONSTRUCTION | 10018650 |
| BON APPETIT MANAGEMENT CO | |||||
| 100 HAMILTON AVENUE SUITE 400 | PALO ALTO | CA | 94301 | MANAGEMENT | 7541953 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 557 | NumberOfContractorsGT100K |
| Government Grants | 403102000 | GovernmentGrants |
| All Other Contributions | 414514000 | AllOtherContributions |
| Noncash Contributions | 23753000 | NoncashContributions |
| Total Contributions | 817616000 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| SPONSORED RESEARCH CONTRACTS | 900099 | 1136042000 | 1136042000 | |
| FEES AND SERVICES | 221000 | 88853000 | 86224000 | 2629000 |
| OTHER PROGRAMS | 900099 | 59175000 | 59175000 | |
| TUITION | 900099 | 577641000 | 577641000 | |
| 0 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 1861711000 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 78604000 | TotalRevenueColumn |
| Unrelated Business Revenue | 20011000 | UnrelatedBusinessRevenue |
| Exclusion | $58,593,000 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 93166000 | TotalRevenueColumn |
| Exclusion | $93,166,000 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 79734000 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 24265000 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 55469000 | Real |
| Personal | 0 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 55469000 | TotalRevenueColumn |
| Exclusion | $55,469,000 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 64475286000 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 63822857000 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 652429000 | Securities |
| Other | 0 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 652429000 | TotalRevenueColumn |
| Exclusion | $652,429,000 | ExclusionAmount |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| AUXILIARY ENTERPRISES | 511120 | 106767000 | 106743000 | 24000 |
| CHANGE IN LIFE INCOME FUNDS | 900099 | 20264000 | 20264000 | |
| PENSION-RELATED CHARGES | 900099 | 311442000 | 311442000 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 438473000 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3997468000 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2297531000 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 22664000 | UnrelatedBusinessRevenue |
| Exclusion | $859,657,000 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 652000 | Total |
| Program Services | 652000 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 476589000 | Total |
| Program Services | 476589000 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1834000 | Total |
| Program Services | 1834000 | ProgramServices |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7227000 | Total |
| Program Services | 765000 | ProgramServices |
| Management And General | 5908000 | ManagementAndGeneral |
| Fundraising | 554000 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 563000 | Total |
| Program Services | 236000 | ProgramServices |
| Management And General | 327000 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1008695000 | Total |
| Program Services | 813919000 | ProgramServices |
| Management And General | 174015000 | ManagementAndGeneral |
| Fundraising | 20761000 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 63083000 | Total |
| Program Services | 50634000 | ProgramServices |
| Management And General | 11050000 | ManagementAndGeneral |
| Fundraising | 1399000 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 138804000 | Total |
| Program Services | 110888000 | ProgramServices |
| Management And General | 24651000 | ManagementAndGeneral |
| Fundraising | 3265000 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 70662000 | Total |
| Program Services | 56557000 | ProgramServices |
| Management And General | 12342000 | ManagementAndGeneral |
| Fundraising | 1763000 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 36874000 | Total |
| Program Services | 24516000 | ProgramServices |
| Management And General | 12358000 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22704000 | Total |
| Program Services | 1147000 | ProgramServices |
| Management And General | 21557000 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1462000 | Total |
| Program Services | 16000 | ProgramServices |
| Management And General | 1446000 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 193000 | Total |
| Fundraising | 193000 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19066000 | Total |
| Management And General | 19066000 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 49119000 | Total |
| Program Services | 25886000 | ProgramServices |
| Management And General | 23233000 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7138000 | Total |
| Program Services | 5605000 | ProgramServices |
| Management And General | 1533000 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 28376000 | Total |
| Program Services | 18142000 | ProgramServices |
| Management And General | 9081000 | ManagementAndGeneral |
| Fundraising | 1153000 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 49976000 | Total |
| Program Services | 39208000 | ProgramServices |
| Management And General | 9955000 | ManagementAndGeneral |
| Fundraising | 813000 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 31055000 | Total |
| Program Services | 15434000 | ProgramServices |
| Management And General | 15621000 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27793000 | Total |
| Program Services | 22153000 | ProgramServices |
| Management And General | 5611000 | ManagementAndGeneral |
| Fundraising | 29000 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 75104000 | Total |
| Program Services | 65525000 | ProgramServices |
| Management And General | 7448000 | ManagementAndGeneral |
| Fundraising | 2131000 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 37851000 | Total |
| Program Services | 31571000 | ProgramServices |
| Management And General | 4467000 | ManagementAndGeneral |
| Fundraising | 1813000 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 106872000 | Total |
| Program Services | 94439000 | ProgramServices |
| Management And General | 12333000 | ManagementAndGeneral |
| Fundraising | 100000 | Fundraising |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1887000 | Total |
| Program Services | 1887000 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 130989000 | Total |
| Program Services | 114635000 | ProgramServices |
| Management And General | 16181000 | ManagementAndGeneral |
| Fundraising | 173000 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 52707000 | Total |
| Program Services | 42112000 | ProgramServices |
| Management And General | 10595000 | ManagementAndGeneral |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| SUBRECIPIENT AGREEMENTS | 150946000 | 150946000 | ||
| FACILITIES CHARGES | 89039000 | 51846000 | 36148000 | 1045000 |
| EQUIPMENT RENTAL AND MAINTENANCE | 102291000 | 81046000 | 21090000 | 155000 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 333499000 | Total |
| Program Services | 227450000 | ProgramServices |
| Management And General | 104186000 | ManagementAndGeneral |
| Fundraising | 1863000 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3123050000 | Total |
| Program Services | 2525638000 | ProgramServices |
| Management And General | 560202000 | ManagementAndGeneral |
| Fundraising | 37210000 | Fundraising |
Total Joint Costs TotalJointCosts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 224890000 | BOY |
| EOY | 263805000 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1599874000 | BOY |
| EOY | 1526544000 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 546383000 | BOY |
| EOY | 472593000 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 207676000 | BOY |
| EOY | 168092000 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 890000 | BOY |
| EOY | 500000 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49529000 | BOY |
| EOY | 49484000 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6031000 | BOY |
| EOY | 5998000 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 87583000 | BOY |
| EOY | 102192000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 3648927000 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 1132842000 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2496445000 | BOY |
| EOY | 2516085000 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1141480000 | BOY |
| EOY | 982309000 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10408448000 | BOY |
| EOY | 11588180000 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16769229000 | BOY |
| EOY | 17675782000 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 460763000 | BOY |
| EOY | 471050000 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 83580000 | BOY |
| EOY | 67640000 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1473764000 | BOY |
| EOY | 1441940000 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 986238000 | BOY |
| EOY | 986275000 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 301000 | BOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1216527000 | BOY |
| EOY | 800334000 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4221173000 | BOY |
| EOY | 3767239000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4637664000 | BOY |
| EOY | 5551287000 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5297554000 | BOY |
| EOY | 5644291000 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2612838000 | BOY |
| EOY | 2712965000 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12548056000 | BOY |
| EOY | 13908543000 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16769229000 | BOY |
| EOY | 17675782000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 874418000 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 486069000 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | false | Volunteers |
| Paid Staff Or Management | true | PaidStaffOrManagement |
| Media Advertisements | false | MediaAdvertisements |
| Mailings Members | true | MailingsMembers |
| Publications Or Broadcast | false | PublicationsOrBroadcast |
| Grants Other Organizations | false | GrantsOtherOrganizations |
| Direct Contact Legislators | true | DirectContactLegislators |
| Direct Contact Legislators | $153,392 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | false | RalliesDemonstrations |
| Other Activities | true | OtherActivities |
| Total Lobbying Expenditures IIB | 153392 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | false | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Description of the activities reported on Lines 1a through 1i | Identifier |
| Return Reference | Schedule C, Part II-B, Line 1 | ReturnReference |
| Explanation | LINE 1B, 1D, & 1G FROM TIME TO TIME, MIT ENGAGES IN LOBBYING ACTIVITY USING MIT'S OWN PERSONNEL. MIT'S EFFORTS REGARDING LEGISLATIVE AND RELATED ACTIVITIES IN FY 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Solicited Assets For Sale | false | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 10308273000 | BeginningOfYearBalance |
| Contributions | 136980000 | Contributions |
| Investment Earnings Or Losses | 1075065000 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 98947000 | GrantsOrScholarships |
| Other Expenditures | 400353000 | OtherExpenditures |
| Administrative Expenses | 15088000 | AdministrativeExpenses |
| End Of Year Balance | 11005930000 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 9853574000 | BeginningOfYearBalance |
| Contributions | 180985000 | Contributions |
| Investment Earnings Or Losses | 754548000 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 93944000 | GrantsOrScholarships |
| Other Expenditures | 374661000 | OtherExpenditures |
| Administrative Expenses | 12229000 | AdministrativeExpenses |
| End Of Year Balance | 10308273000 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 8463458000 | BeginningOfYearBalance |
| Contributions | 313644000 | Contributions |
| Investment Earnings Or Losses | 1431852000 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 88414000 | GrantsOrScholarships |
| Other Expenditures | 254932000 | OtherExpenditures |
| Administrative Expenses | 12034000 | AdministrativeExpenses |
| End Of Year Balance | 9853574000 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 8151805000 | BeginningOfYearBalance |
| Contributions | 61779000 | Contributions |
| Investment Earnings Or Losses | 768418000 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 104997000 | GrantsOrScholarships |
| Other Expenditures | 396737000 | OtherExpenditures |
| Administrative Expenses | 16810000 | AdministrativeExpenses |
| End Of Year Balance | 8463458000 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 10234500000 | BeginningOfYearBalance |
| Contributions | 112805000 | Contributions |
| Investment Earnings Or Losses | -1707012000 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 100900000 | GrantsOrScholarships |
| Other Expenditures | 380108000 | OtherExpenditures |
| Administrative Expenses | 7480000 | AdministrativeExpenses |
| End Of Year Balance | 8151805000 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.29338 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.23674 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.46988 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | true | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | true | EndowmentsHeldByRelatedOrgs |
| Are Related Orgs Listed Schedule R | true | AreRelatedOrgsListedScheduleR |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 67538000 | OtherCostOrOtherBasis |
| Book Value | 67538000 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3297417000 | OtherCostOrOtherBasis |
| Depreciation | 1098088000 | Depreciation |
| Book Value | 2199329000 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 65541000 | OtherCostOrOtherBasis |
| Depreciation | 375000 | Depreciation |
| Book Value | 65166000 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 218431000 | OtherCostOrOtherBasis |
| Depreciation | 34379000 | Depreciation |
| Book Value | 184052000 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 0 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 2516085000 | TotalOfBookValueLandBuildings |
Financial Derivatives FinancialDerivatives
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 0 | BookValue |
Closely Held Equity Interests CloselyHeldEquityInterests
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 0 | BookValue |
Other Securities OtherSecurities (8 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| MINORITY INTERESTS | 274663000 | F |
| FIXED INCOME | 452941000 | F |
| EQUITIES | 6292114000 | F |
| ABSOLUTE RETURN | 1573852000 | F |
| REAL ESTATE & REAL ASSETS | 2847374000 | F |
| SPLIT INTERSEST AGREEMENTS | 148297000 | F |
| OTHER | 1944000 | F |
| INTEREST RATE SWAPS | -3005000 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 11588180000 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (5 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| 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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 800334000 | TotalOfAmounts |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Collections of art - description of collections | Schedule D, Part III, Line 4 | MIT RECORDS ITEMS OF COLLECTIONS OF ART AS A GIFT AT NOMINAL VALUE. THEY ARE RECEIVED FOR EDUCATIONAL PURPOSES AND GENERALLY DISPLAYED THROUGHOUT MIT. IN GENERAL, COLLECTIONS ARE NOT DISPOSED OF FOR FINANCIAL GAIN OR OTHERWISE ENCUMBERED IN ANY MANNER. |
| Intended uses of endowment funds | Schedule D, Part V, Line 4 | MIT'S ENDOWMENT IS INTENDED TO PROVIDE FINANCIAL SUPPORT TO FURTHER MIT'S MISSION OF EDUCATION AND RESEARCH. SPECIFICALLY, MIT'S ENDOWMENT PROVIDES ONGOING SUPPORT FOR GRADUATE AND UNDERGRADUATE STUDENT SCHOLARSHIPS, FELLOWSHIPS AND STUDENT LOANS, PROFESSORSHIPS, THE MAINTENANCE OF MIT'S FACILITIES, AND ACADEMIC DEPARTMENT SUPPORT. |
| PART X, FIN 48 | SCHEDULE D, PART X | REGARDING 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 4 | SCHEDULE D, PART III | AS NOTED IN MIT'S AUDITED FINANCIAL STATEMENTS, MIT RECORDS ITEMS OF COLLECTIONS AS A GIFT AT NOMINAL VALUE. THEY ARE RECEIVED FOR EDUCATIONAL PURPOSES AND GENERALLY DISPLAYED THROUGHOUT MIT. IN GENERAL, COLLECTIONS ARE NOT DISPOSED OF FOR FINANCIAL GAIN OR OTHERWISE ENCUMBERED IN ANY MANNER. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Racially nondiscriminatory policy | Schedule E, Part I, Line 3 | SEE NEXT PAGE |
| Financial aid or assistance from a governmental agency | Schedule E, Part I, Line 6a | MIT RECEIVES PELL, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY AND PERKINS LOANS. |
| PART I, LINE 3 | SCHEDULE E, PART I, LINE 3 | PART I, LINE 3 MIT'S PROSPECTIVE STUDENTS CAN FIND THE INSTITUTE'S RACIALLY NONDISCRIMINATORY POLICY AT ANY TIME DURING THE ADMISSION PROCESS AND THROUGHOUT THE ENTIRE ACADEMIC YEAR AT HTTP://MITADMISSIONS.ORG/PAGES/POLICIES. MIT'S RACIALLY NONDISCRIMINATORY POLICY FOR THE GENERAL COMMUNITY CAN BE FOUND IN MIT'S POLICIES & PROCEDURES 7.1.1. OR CAN BE FOUND ON THE INSTITUTE'S WEBSITE AT HTTP://WEB.MIT.EDU/POLICIES/. THE INSTITUTE CUSTOMARILY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE AND WORLDWIDE AND MAKES ITS RACIALLY NON-DISCRIMINATORY POLICY AS TO STUDENTS KNOWN TO ALL SEGMENTS OF THE GENERAL COMMUNITY IT SERVES BY INCLUDING A STATEMENT OF ITS RACIALLY NON-DISCRIMINATORY POLICY AS TO STUDENTS IN ALL ITS BROCHURES AND CATALOGUES DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. THE INSTITUTE ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | true | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable (37 entries)
| RegionRegion | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures | Number Of EmployeesNumberOfEmployees | Number Of OfficesNumberOfOffices |
|---|---|---|---|---|---|
| EAST ASIA AND THE PACIFIC | PROGRAM SERVICES | SUBRECIPIENT AGREEMENT | 6229732 | ||
| EUROPE (INCLUDING ICELAND AND GREENLAND) | PROGRAM SERVICES | SUBRECIPIENT AGREEMENT | 3492176 | ||
| MIDDLE EAST AND NORTH AFRICA | PROGRAM SERVICES | SUBRECIPIENT AGREEMENT | 47600 | ||
| NORTH AMERICA (CANADA & MEXICO ONLY) | PROGRAM SERVICES | SUBRECIPIENT AGREEMENT | 399606 | ||
| SOUTH ASIA | PROGRAM SERVICES | SUBRECIPIENT AGREEMENT | 626409 | ||
| SUB-SAHARAN AFRICA | PROGRAM SERVICES | SUBRECIPIENT AGREEMENT | 285409 | ||
| CENTRAL AMERICA AND THE CARIBBEAN | GRANTMAKING | 15289 | |||
| EAST ASIA AND THE PACIFIC | GRANTMAKING | 303842 | |||
| EUROPE (INCLUDING ICELAND AND GREENLAND) | GRANTMAKING | 570288 | |||
| MIDDLE EAST AND NORTH AFRICA | GRANTMAKING | 191987 | |||
| NORTH AMERICA (CANADA & MEXICO ONLY) | GRANTMAKING | 59114 | |||
| RUSSIA AND THE NEWLY INDEPENDENT STATES | GRANTMAKING | 57054 | |||
| SOUTH ASIA | GRANTMAKING | 246513 | |||
| SUB-SAHARAN AFRICA | GRANTMAKING | 92481 | |||
| SOUTH AMERICA | GRANTMAKING | 273471 | |||
| CENTRAL AMERICA AND THE CARIBBEAN | FUNDRAISING | 12122 | |||
| EAST ASIA AND THE PACIFIC | FUNDRAISING | 838063 | 6 | ||
| EUROPE (INCLUDING ICELAND AND GREENLAND) | FUNDRAISING | 909515 | 17 | ||
| MIDDLE EAST AND NORTH AFRICA | FUNDRAISING | 88757 | 1 | ||
| NORTH AMERICA (CANADA & MEXICO ONLY) | FUNDRAISING | 19899 | 3 | ||
| RUSSIA AND THE NEWLY INDEPENDENT STATES | FUNDRAISING | 728 | |||
| SOUTH AMERICA | FUNDRAISING | 278275 | 1 | ||
| SOUTH ASIA | FUNDRAISING | 212763 | |||
| SUB-SAHARAN AFRICA | FUNDRAISING | 2925 | |||
| CENTRAL AMERICA AND THE CARIBBEAN | PROGRAM SERVICES | EDUCATION/RESEARCH | 274518 | ||
| EAST ASIA AND THE PACIFIC | PROGRAM SERVICES | EDUCATION/RESEARCH | 18694106 | 39 | 1 |
| EUROPE (INCLUDING ICELAND AND GREENLAND) | PROGRAM SERVICES | EDUCATION/RESEARCH | 13861037 | 13 | |
| MIDDLE EAST AND NORTH AFRICA | PROGRAM SERVICES | EDUCATION/RESEARCH | 1727417 | 2 | |
| NORTH AMERICA (CANADA & MEXICO ONLY) | PROGRAM SERVICES | EDUCATION/RESEARCH | 1059235 | 1 | |
| RUSSIA AND THE NEWLY INDEPENDENT STATES | PROGRAM SERVICES | EDUCATION/RESEARCH | 2987853 | ||
| SOUTH AMERICA | PROGRAM SERVICES | EDUCATION/RESEARCH | 1670686 | 2 | 1 |
| SOUTH ASIA | PROGRAM SERVICES | EDUCATION/RESEARCH | 1429903 | 1 | |
| SUB-SAHARAN AFRICA | PROGRAM SERVICES | EDUCATION/RESEARCH | 1023806 | ||
| CENTRAL AMERICA AND THE CARIBBEAN | INVESTMENTS | 1389327000 | |||
| EUROPE (INCLUDING ICELAND AND GREENLAND) | INVESTMENTS | 165661000 | |||
| NORTH AMERICA (CANADA & MEXICO ONLY) | INVESTMENTS | 2057000 | |||
| SUB-SAHARAN AFRICA | INVESTMENTS | 98790000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Offices | 2 | TotalNumberOfOffices |
| Total Number Of Employees | 86 | TotalNumberOfEmployees |
| Total Amount Spent | 1713817579 | TotalAmountSpent |
Grants To Orgs Outside US GrantsToOrgsOutsideUS (3 entries)
| RegionRegion | Purpose Of GrantPurposeOfGrant | Amount Of Cash GrantAmountOfCashGrant | Manner Of Cash DisbursementMannerOfCashDisbursement |
|---|---|---|---|
| EAST ASIA AND THE PACIFIC | HONORARIA | 10000 | CHECK |
| EUROPE (INCLUDING ICELAND AND GREENLAND) | HONORARIA | 6500 | CHECK |
| MIDDLE EAST AND NORTH AFRICA | HONORARIA | 7500 | CHECK |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Other Orgs | 3 | TotalNumberOfOtherOrgs |
Grants To Ind Outside US GrantsToIndOutsideUS (36 entries)
| Type Of AssistanceTypeOfAssistance | RegionRegion | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Manner Of Cash DisbursementMannerOfCashDisbursement |
|---|---|---|---|---|
| PSC | CENTRAL AMERICA AND THE CARIBBEAN | 1 | 2150 | CHECK |
| PSC | EAST ASIA AND THE PACIFIC | 4 | 13600 | CHECK |
| PSC | NORTH AMERICA (CANADA & MEXICO ONLY) | 1 | 900 | CHECK |
| PSC | SOUTH ASIA | 7 | 21100 | CHECK |
| PSC | SUB-SAHARAN AFRICA | 19 | 67200 | CHECK |
| MISTI | EAST ASIA AND THE PACIFIC | 70 | 193990 | CHECK |
| MISTI | EUROPE (INCLUDING ICELAND AND GREENLAND) | 191 | 335326 | CHECK |
| MISTI | MIDDLE EAST AND NORTH AFRICA | 87 | 184096 | CHECK |
| MISTI | NORTH AMERICA (CANADA & MEXICO ONLY) | 17 | 25350 | CHECK |
| MISTI | RUSSIA AND THE NEWLY INDEPENDENT STATES | 7 | 38000 | CHECK |
| MISTI | SOUTH AMERICA | 54 | 261376 | CHECK |
| MISTI | SOUTH ASIA | 53 | 67950 | CHECK |
| HONORARIA | EAST ASIA AND THE PACIFIC | 3 | 16446 | CHECK |
| HONORARIA | EUROPE (INCLUDING ICELAND AND GREENLAND) | 8 | 70906 | CHECK |
| HONORARIA | MIDDLE EAST AND NORTH AFRICA | 2 | 3350 | CHECK |
| HONORARIA | NORTH AMERICA (CANADA & MEXICO ONLY) | 16 | 24807 | CHECK |
| HONORARIA | RUSSIA AND THE NEWLY INDEPENDENT STATES | 1 | 1000 | CHECK |
| HONORARIA | SOUTH AMERICA | 1 | 1200 | CHECK |
| HONORARIA | SOUTH ASIA | 6 | 3964 | CHECK |
| HONORARIA | SUB-SAHARAN AFRICA | 1 | 1429 | CHECK |
| PRIZES & AWARDS | CENTRAL AMERICA AND THE CARIBBEAN | 3 | 2361 | CHECK |
| PRIZES & AWARDS | EAST ASIA AND THE PACIFIC | 72 | 67806 | CHECK |
| PRIZES & AWARDS | EUROPE (INCLUDING ICELAND AND GREENLAND) | 32 | 39232 | CHECK |
| PRIZES & AWARDS | MIDDLE EAST AND NORTH AFRICA | 3 | 1819 | CHECK |
| PRIZES & AWARDS | RUSSIA AND THE NEWLY INDEPENDENT STATES | 1 | 1000 | CHECK |
| PRIZES & AWARDS | SOUTH AMERICA | 7 | 10895 | CHECK |
| PRIZES & AWARDS | SOUTH ASIA | 31 | 103536 | CHECK |
| PRIZES & AWARDS | SUB-SAHARAN AFRICA | 4 | 14550 | CHECK |
| FELLOWSHIPS | CENTRAL AMERICA AND THE CARIBBEAN | 4 | 10778 | CHECK |
| FELLOWSHIPS | EAST ASIA AND THE PACIFIC | 3 | 12000 | CHECK |
| FELLOWSHIPS | EUROPE (INCLUDING ICELAND AND GREENLAND) | 24 | 124824 | CHECK |
| FELLOWSHIPS | MIDDLE EAST AND NORTH AFRICA | 2 | 2722 | CHECK |
| FELLOWSHIPS | NORTH AMERICA (CANADA & MEXICO ONLY) | 3 | 8057 | CHECK |
| FELLOWSHIPS | RUSSIA AND THE NEWLY INDEPENDENT STATES | 5 | 17054 | CHECK |
| FELLOWSHIPS | SOUTH ASIA | 8 | 49963 | CHECK |
| FELLOWSHIPS | SUB-SAHARAN AFRICA | 4 | 9302 | CHECK |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | true | TransferToForeignCorp |
| Interest In Foreign Trust | true | InterestInForeignTrust |
| Own Foreign Corp | true | OwnForeignCorp |
| Passive Foreign Invest Co | true | PassiveForeignInvestCo |
| Foreign Partnership | true | ForeignPartnership |
| Boycott Countries | true | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Procedures for monitoring use of grant funds | Schedule F, Part I, Line 2 | MIT PROVIDES SEVERAL TYPES OF GRANTS AND ASSISTANCE TO FOREIGN INDIVIDUALS. FOR PRIZES AND AWARDS, THE INDIVIDUAL MUST HAVE MET THE SPECIFIC CRITERIA FOR THE PARTICULAR PRIZE OR AWARD TO BE SELECTED. IN THE CASE OF FELLOWSHIPS, THE INDIVIDUAL IS REQUIRED TO UTILIZE THE FUNDS IN FURTHERANCE OF THEIR EDUCATION AT MIT. GRANTS ARE MADE IN THE CONTEXT OF ACADEMIC OR RESEARCH PROGRAMS: RECIPIENTS SPEND THEIR GRANT FUNDS UNDER THE SUPERVISION OF THE PROGRAM AND ARE ACCOUNTABLE THROUGH THE PROGRAM FOR THE USE OF THE FUNDS. |
| LINE 3A | SCHEDULE 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Solicitation Of Non Govt Grants | X | SolicitationOfNonGovtGrants |
| Solicitation Of Govt Grants | X | SolicitationOfGovtGrants |
| Agreement Ref Fundraising | true | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation (3 entries)
| ActivityActivity | Fundraiser Control Of FundsFundraiserControlOfFunds | Amount Retained By ContractorAmountRetainedByContractor | Net To OrganizationNetToOrganization |
|---|---|---|---|
| MARTS & LUNDY INC | |||
| FUNDRAISING CONSULTING | false | 153065 | -153065 |
| MOR ASSOCIATES | |||
| FUNDRAISING CONSULTING | false | 33000 | -33000 |
| KATHLEEN L RYDAR | |||
| FUNDRAISING CONSULTING | false | 7063 | -7063 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | 193128 | TotalRetainedByContractors |
| Total Net To Organization | -193128 | TotalNetToOrganization |
| Licensed States | MA | LicensedStates |
Form990 Schedule G Part IV Form990ScheduleGPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE G, PART I | Identifier |
| Return Reference | SCHEDULE G, PART IV | ReturnReference |
| Explanation | NO 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable (32 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|
| ALPHA CHI OMEGA | ||||||
| 5939 CASTLE CREEK PARKWAY N DR | INDIANAPOLIS | IN | 46250 | 501(C)(7) | 16162 | IRDF GRANT |
| ALPHA DELTA PHI | ||||||
| PO BOX 426097 | CAMBRIDGE | MA | 02142 | 501(C)(7) | 19171 | IRDF GRANT |
| ALPHA EPSILON PI | ||||||
| 330 BEACON STREET 33 | BOSTON | MA | 02116 | 501(C)(7) | 15726 | IRDF GRANT |
| ALPHA PHI | ||||||
| 188 KATERINE RD | RIDGEWOOD | NJ | 07450 | 501(C)(7) | 34769 | IRDF GRANT |
| BETA THETA PI | ||||||
| PO BOX 12 | TAFTSVILLE | VT | 05073 | 501(C)(7) | 19683 | IRDF GRANT |
| CHI PHI | ||||||
| 10 CREHORE DRIVE | NEWTON LOWER FALLS | MA | 02115 | 501(C)(7) | 21485 | IRDF GRANT |
| DELTA KAPPA EPSILON | ||||||
| 6034 ROSE | HOUSTON | TX | 77007 | 501(C)(7) | 16394 | IRDF GRANT |
| DELTA TAU DELTA | ||||||
| 246 NEPONSET STREET | CANTON | MA | 02021 | 501(C)(7) | 23732 | IRDF GRANT |
| DELTA UPSILON | ||||||
| 212 FOSTER STREET | LITTLETON | MA | 01460 | 501(C)(7) | 18894 | IRDF GRANT |
| EPSILON THETA | ||||||
| 259 SAINT PAUL STREET | BROOKLINE | MA | 02446 | 501(C)(7) | 11929 | IRDF GRANT |
| KAPPA SIGMA | ||||||
| 11650 NW 56TH DR APT 106 | CORAL SPRING | FL | 33076 | 501(C)(7) | 27848 | IRDF GRANT |
| LAMBDA CHI ALPHA | ||||||
| PO BOX 42006 | PROVIDENCE | RI | 02940 | 501(C)(7) | 42749 | IRDF GRANT |
| MIT STUDENT HOUSE | ||||||
| 18 HARLOW ST | ARLINGTON | MA | 02474 | 501(C)(7) | 10200 | IRDF GRANT |
| NU DELTA | ||||||
| 141 NOTTINGHILL ROAD | BRIGHTON | MA | 02135 | 501(C)(7) | 20922 | IRDF GRANT |
| PHI BETA EPSILON CORPORATION | ||||||
| PO BOX 1133 | NEW LONDON | NH | 03257 | 501(C)(7) | 13533 | IRDF GRANT |
| PHI DELTA THETA | ||||||
| 902 SALEM END ROAD | FRAMINGHAM | MA | 01702 | 501(C)(7) | 40347 | IRDF GRANT |
| PHI KAPPA SIGMA FRATERNITY | ||||||
| 8 AVON RD | WELLESLEY | MA | 02482 | 501(C)(7) | 39007 | IRDF GRANT |
| PHI KAPPA THETA | ||||||
| 229 COMMONWEALTH AVENUE | BOSTON | MA | 02116 | 501(C)(7) | 13420 | IRDF GRANT |
| PHI LAMBDA PHI | ||||||
| 7 CHESSMAN DRIVE | SHARON | MA | 02067 | 501(C)(7) | 28075 | IRDF GRANT |
| PHI SIGMA KAPPA | ||||||
| 1545 COLONIAL TERRACE APT 301 | ARLINGTON | VA | 22209 | 501(C)(7) | 22170 | IRDF GRANT |
| PIKA | ||||||
| 69 CHESTNUT STREET | CAMBRIDGE | MA | 02136 | 501(C)(7) | 11331 | IRDF GRANT |
| SIGMA CHI | ||||||
| 44 BOULDER BROOK ROAD | WELLESLY | MA | 02481 | 501(C)(7) | 14455 | IRDF GRANT |
| SIGMA KAPPA | ||||||
| 8733 FOUNDERS ROAD | INDIANAPOLIS | IN | 46268 | 501(C)(7) | 22918 | IRDF GRANT |
| SIGMA NU | ||||||
| 28 THE FENWAY | BOSTON | MA | 02215 | 501(C)(7) | 42962 | IRDF GRANT |
| TAU EPSILON PHI | ||||||
| 253 COMMONWEALTH AVE | BOSTON | MA | 02116 | 501(C)(7) | 10742 | IRDF GRANT |
| THETA CHI | ||||||
| 641 EXETER ROAD | HAMPTON | NH | 03842 | 501(C)(7) | 16255 | IRDF GRANT |
| THETA DELTA CHI | ||||||
| 40 E 9TH ST APT 11G | NEW YORK | NY | 10003 | 501(C)(7) | 10752 | IRDF GRANT |
| THETA XI | ||||||
| 64 BAY STATE ROAD | BOSTON | MA | 02215 | 501(C)(7) | 10460 | IRDF GRANT |
| WILG | ||||||
| 130 THORNDIKE ST | ARLINGTON | MA | 02474 | 501(C)(7) | 12196 | IRDF GRANT |
| ZETA BETA TAU | ||||||
| 44 IVLOO STREET UNIT 2 | SOMERVILLE | MA | 02143 | 501(C)(7) | 24244 | IRDF GRANT |
| ALDEN GALLERIES INCORPORATED | ||||||
| 387 WASHINGTON ST 801 | BOSTON | MA | 02108 | 6873 | PRIZE/AWARD | |
| TIMBUK2 DESIGNS INC | ||||||
| 583 SHOTWELL STREET | SAN FRANCISCO | CA | 94110 | 12475 | PRIZE/AWARD | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 0 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 32 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part III Form990ScheduleIPartIII (7 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Non Cash AssistanceAmountOfNonCashAssistance | Method Of ValuationMethodOfValuation | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|---|---|---|
| TUITION SUPPORT | 7513 | 327989000 | FMV | FOR TUITION | |
| HONORARIA | 676 | 656920 | |||
| PRIZES AND AWARDS | 1271 | 2422603 | |||
| PUBLIC SERVICE CENTER FELLOWSHIPS | 32 | 104950 | |||
| MIT STUDENT STIPIENDS & FELLOWSHIPS | 1925 | 36173000 | |||
| NON-MIT STUDENT FELLOWSHIPS | 425 | 12798000 | |||
| STUDENT WAGES | 8136 | 96446000 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedures for monitoring use of grant funds | Identifier |
| Return Reference | Schedule I, Part I, Line 2 | ReturnReference |
| Explanation | MIT PROVIDES SEVERAL TYPES OF GRANTS AND ASSISTANCE TO INDIVIDUALS AND ORGANIZATIONS. FOR PRIZES AND AWARDS, THE INDIVIDUAL OR ORGANIZATION MUST HAVE MET THE SPECIFIC CRITERIA TO BE SELECTED FOR THE PRIZE OR AWARD. IN THE CASE OF FELLOWSHIPS AND SCHOLARSHIPS, THE INDIVIDUAL IS REQUIRED TO UTILIZE THE FUNDS IN FURTHERANCE OF THEIR EDUCATION AT MIT. MIT MAKES GRANTS TO SEVERAL LOCAL CHAPTERS OF NATIONAL FRATERNITIES, SORORITIES AND INDEPENDENT LIVING GROUPS. THESE ORGANIZATIONS ARE COMPRISED OF MIT STUDENTS, AND HOUSE THESE STUDENTS. GRANTS ARE MADE TO SUPPORT THE OPERATIONAL COSTS OF THE EDUCATIONAL PURPOSES OF THE HOUSES (SO THAT THE HOUSES STAY CONSISTENT WITH MIT'S MISSION). IN ORDER FOR AN ORGANIZATION TO RECEIVE AN IRDF GRANT, THEY MUST GO THROUGH A RIGOROUS APPLICATION PROCESS. MIT GENERALLY DOES NOT MAKE DISBURSEMENTS TO INDIVIDUALS OR ORGANIZATIONS FOR CHARITABLE PURPOSES, EXCEPT THROUGH THE MIT COMMUNITY SERVICE FUND. THIS FUND'S RESOURCES COME PRIMARILY FROM CONTRIBUTIONS FROM MEMBERS OF THE MIT COMMUNITY. MIT DISBURSES THESE FUNDS FOR CHARITABLE PURPOSES INCLUDING SMALL GRANTS, INSUBSTANTIAL IN THE AGGREGATE, TO LOCALLY BASED CHARITABLE ORGANIZATIONS FOR THE PURPOSE OF FOSTERING BETTER COMMUNITY RELATIONS. PROCEDURES OF THE INSTITUTE WITH RESPECT TO ADMISSIONS, SCHOLARSHIPS, FELLOWSHIPS, AND STUDENT LOANS ARE PUBLICIZED IN THE INSTITUTE BULLETIN WHICH CONSTITUTES ITS CATALOGUE. GRANTS ARE MADE IN THE CONTEXT OF ACADEMIC OR RESEARCH PROGRAMS: RECIPIENTS SPEND THEIR GRANT FUNDS UNDER THE SUPERVISION OF THE PROGRAM AND ARE ACCOUNTABLE THROUGH THE PROGRAM FOR THE USE OF THE FUNDS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Travel For Companions | X | TravelForCompanions |
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | true | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (19 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CHRIS KAISER | ||||||||||||||
| PROVOST | 363498 | 0 | 0 | 0 | 29490 | 0 | 37500 | 0 | 19980 | 0 | 450468 | 0 | 0 | 0 |
| CLAUDE CANIZARES | ||||||||||||||
| VP FOR RESEARCH (OUTGOING) | 306032 | 0 | 0 | 0 | 35354 | 0 | 12500 | 0 | 15678 | 0 | 369564 | 0 | 0 | 0 |
| DAVID SCHMITTLEIN | ||||||||||||||
| DEAN SLOAN SCHOOL OF MGMT | 611076 | 0 | 0 | 0 | 143327 | 0 | 37500 | 0 | 5721 | 0 | 797624 | 0 | 0 | 0 |
| ERIC EVANS | ||||||||||||||
| DIRECTOR OF LINCOLN LABORATORY | 407372 | 0 | 0 | 0 | 14695 | 0 | 32500 | 0 | 25401 | 0 | 479968 | 0 | 0 | 0 |
| GLEN URBAN | ||||||||||||||
| PROFESSOR SLOAN SCHOOL OF MGMT | 271846 | 0 | 0 | 0 | 450813 | 0 | 8711 | 0 | 11079 | 0 | 742449 | 0 | 0 | 0 |
| ISRAEL RUIZ | ||||||||||||||
| EXECUTIVE VP & TREASURER | 462382 | 0 | 0 | 0 | 8837 | 0 | 22500 | 0 | 25042 | 0 | 518761 | 0 | 0 | 0 |
| JEFFREY NEWTON | ||||||||||||||
| VP OF RESOURCE DEVELOPMENT | 386609 | 0 | 0 | 0 | 13015 | 0 | 47500 | 0 | 4684 | 0 | 451808 | 0 | 0 | 0 |
| JOHN REED | ||||||||||||||
| CHAIRMAN OF THE CORPORATION | 265290 | 0 | 0 | 0 | 1125 | 0 | 0 | 0 | 4069 | 0 | 270484 | 0 | 0 | 0 |
| KIRK KOLENBRANDER | ||||||||||||||
| VP & SECRETARY OF THE CORPORATION | 263432 | 0 | 0 | 0 | 840 | 0 | 32500 | 0 | 28277 | 0 | 325049 | 0 | 0 | 0 |
| L RAFAEL REIF | ||||||||||||||
| PRESIDENT (INCOMING) | 614665 | 0 | 0 | 0 | 56438 | 0 | 12500 | 0 | 20156 | 0 | 703759 | 0 | 0 | 0 |
| MARIA ZUBER | ||||||||||||||
| VP FOR RESEARCH (INCOMING) | 295324 | 0 | 0 | 0 | 6212 | 0 | 32500 | 0 | 69120 | 0 | 403156 | 0 | 0 | 0 |
| NELSON REPENNING | ||||||||||||||
| PROFESSOR SLOAN SCHOOL OF MGMT | 229988 | 0 | 0 | 0 | 497776 | 0 | 21366 | 0 | 21729 | 0 | 770859 | 0 | 0 | 0 |
| PHILLIP CLAY | ||||||||||||||
| PROFESSOR | 293415 | 0 | 0 | 0 | 11667 | 0 | 12500 | 0 | 19791 | 0 | 337373 | 0 | 0 | 0 |
| R GREGORY MORGAN | ||||||||||||||
| VP & GENERAL COUNSEL | 506893 | 0 | 0 | 0 | 64960 | 0 | 37500 | 0 | 27188 | 0 | 636541 | 0 | 0 | 0 |
| ROBERTO FERNANDEZ | ||||||||||||||
| PROFESSOR SLOAN SCHOOL OF MGMT | 299754 | 0 | 0 | 0 | 348240 | 0 | 37500 | 0 | 47192 | 0 | 732686 | 0 | 0 | 0 |
| SETH ALEXANDER | ||||||||||||||
| PRESIDENT OF MITIMCO | 558355 | 0 | 583546 | 0 | 30600 | 0 | 22500 | 0 | 26349 | 0 | 1221350 | 0 | 0 | 0 |
| STEVEN MARSH | ||||||||||||||
| MANAGING DIRECTOR - MITIMCO | 423666 | 0 | 310008 | 0 | 15500 | 0 | 32500 | 0 | 26507 | 0 | 808181 | 0 | 0 | 0 |
| SUSAN HOCKFIELD | ||||||||||||||
| PRESIDENT (OUTGOING) | 713106 | 0 | 0 | 0 | 884039 | 0 | 42500 | 0 | 81952 | 0 | 1721597 | 0 | 0 | 0 |
| W ERIC GRIMSON | ||||||||||||||
| CHANCELLOR | 260733 | 0 | 0 | 0 | 27078 | 0 | 37500 | 0 | 31249 | 0 | 356560 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (10 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| First-class or charter travel | Schedule J, Part I, Line 1a | SCHEDULE J, PART I, LINES 1A AND B MIT FOLLOWS A WRITTEN POLICY OR WRITTEN EMPLOYMENT AGREEMENT WITH RESPECT TO THE PAYMENT OR REIMBURSEMENT OF ALL OF THE EXPENSES SPECIFIED IN PART I, LINE 1A THAT MIT PAYS OR REIMBURSES. MIT ALLOWS BUSINESS/FIRST CLASS TRAVEL AND COMPANION TRAVEL PURSUANT TO GUIDELINES INCLUDED IN A WRITTEN TRAVEL POLICY. ALL MIT EMPLOYEES, INCLUDING OFFICERS, TRUSTEES, KEY EMPLOYEES AND HIGHLY COMPENSATED INDIVIDUALS, ARE SUBJECT TO THE SAME WRITTEN TRAVEL POLICY. |
| Travel for companions | Schedule J, Part I, Line 1a | COMPANION TRAVEL IS ONLY REIMBURSED BY MIT IF THERE IS A BONA FIDE BUSINESS PURPOSE FOR THE COMPANION TO TRAVEL,CONSISTENT WITH MIT'S WRITTEN POLICY. DOCUMENTATION OF THE COMPANION'S BUSINESS PURPOSE IS REQUIRED. |
| Tax indemnification and gross-up payments | Schedule J, Part I, Line 1a | ONE OF THE INDIVIDUALS DISCLOSED IN SCHEDULE J RECEIVES LIMITED TAX INDEMNIFICATION AND GROSS UP PAYMENTS. ALL TAX INDEMNIFICATION AND GROSS UP PAYMENTS ARE PURSUANT TO A WRITTEN EMPLOYMENT AGREEMENT. |
| Housing allowance or residence for personal use | Schedule J, Part I, Line 1a | THE MIT PRESIDENT IS REQUIRED TO LIVE IN AN MIT OWNED CAMPUS RESIDENCE AS A CONDITION OF EMPLOYMENT AND AS A CONVENIENCE TO MIT. IN CALENDAR YEAR 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 fees | Schedule J, Part I, Line 1a | MIT REIMBURSES SOME OFFICERS AND KEY EMPLOYEES FOR CERTAIN DUES AND FEES FOR ASSOCIATIONS THEY USE FOR BUSINESS. REIMBURSEMENT IS DEPENDENT UPON SUBSTANTIATION OF THE BONA FIDE BUSINESS REASON FOR THE EXPENSE. |
| Personal services | Schedule J, Part I, Line 1a | MIT PAYS FOR HOUSEKEEPING OF THE PUBLIC AREAS OF THE HOUSE AND MIT INCLUDES IN THE PRESIDENT'S TAXABLE INCOME AN AMOUNT OF EXPENSES RELATED TO HOUSEKEEPING SERVICES FOR THE PORTION OF THE MIT OWNED RESIDENCE USED BY THE PRESIDENT'S FAMILY AS THEIR PRIVATE RESIDENCE. |
| Supplemental nonqualified retirement plan | Schedule J, Part I, Line 4b | SEE BELOW AT OTHER REPORTABLE COMPENSATION. |
| OTHER REPORTABLE COMPENSATION - SCHEDULE J, PART II (18) | SCHEDULE J, PART I, LINE 4B | AS 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 payments | Schedule J, Part I, Line 7 | THE MIT INVESTMENT MANAGEMENT COMPANY PAYS CERTAIN EMPLOYEES NON-FIXED AMOUNTS PURSUANT TO AN INCENTIVE COMPENSATION PROGRAM THAT BASES COMPENSATION PAYMENTS ON A NUMBER OF FACTORS. THE PRIMARY BASIS FOR INCENTIVE COMPENSATION PAYMENTS IS THE PERFORMANCE OF MIT'S ENDOWMENT RELATIVE TO PEER AND MARKET BENCHMARKS. THIS IS A COMMON PRACTICE IN HIGHER ED ENDOWMENT MANAGEMENT. |
| FORM 990, PART VII | SCHEDULE J, PART II | THE INDIVIDUALS DISCLOSED IN PART VII OF FORM 990 OFTEN DEVOTE MORE HOURS TO THEIR POSITION THAN THE NUMBER OF HOURS LISTED, WHICH REPRESENT ESTIMATES OF AVERAGE HOURS. INDIVIDUALS WHO ARE ALSO ON THE BOARDS OF MIT'S SUBSIDIARIES AND RELATED ORGANIZATIONS WORK AN ADDITIONAL ESTIMATE OF 1 TO 3 HOURS PER WEEK AS LISTED IN COLUMN (B) OF FORM 990, PART VII. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)
| Bond ReferenceBondReferenceCd | Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|---|
| MASSACHUSETTS HEALTH & EDUCATIONAL FAC | ||||||||
| A | 042456011 | 57585K3G1 | 2003-05-07 | 204790814 | CONSTRUCTION/RENOVATION/REFUND | false | false | false |
| MASSACHUSETTS HEALTH & EDUCATIONAL FAC | ||||||||
| B | 042456011 | 57586CBP9 | 2004-04-02 | 150854243 | CONSTRUCTION AND RENOVATION | false | false | false |
| MASSACHUSETTS HEALTH & EDUCATIONAL FAC | ||||||||
| C | 042456011 | 57586C8G3 | 2008-08-13 | 334995460 | CONSTRUCTION AND RENOVATION | false | false | false |
| MASSACHUSETTS HEALTH & EDUCATIONAL FAC | ||||||||
| D | 042456011 | 57586ECM1 | 2008-12-10 | 274996289 | CONSTRUCTION AND RENOVATION | false | false | false |
Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)
| Bond ReferenceBondReferenceCd | Amount RetiredAmountRetired | Amount Bond DefeasedAmountBondDefeased | Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Capitalized InterestCapitalizedInterest | Refunding EscrowRefundingEscrow | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Credit EnhancementCreditEnhancement | Working Capital ExpendituresWorkingCapitalExpenditures | Capital ExpendituresCapitalExpenditures | Other Spent ProceedsOtherSpentProceeds | Amount UnspentAmountUnspent | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | 17190000 | 0 | 205361235 | 0 | 0 | 0 | 1040170 | 0 | 0 | 204321064 | 0 | 0 | 2005 | true | false | true | true |
| B | 0 | 0 | 151599210 | 0 | 0 | 0 | 854243 | 0 | 0 | 150744967 | 0 | 0 | 2005 | false | false | true | true |
| C | 0 | 0 | 336035127 | 0 | 0 | 0 | 1575675 | 0 | 0 | 334459512 | 0 | 0 | 2010 | false | false | true | true |
| D | 0 | 0 | 276649117 | 0 | 0 | 0 | 1558146 | 0 | 0 | 275090971 | 0 | 0 | 2010 | false | false | true | true |
Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Engage Bond Counsel ContractsEngageBondCounselContracts | Any Research AgreementsAnyResearchAgreements | Engage Bond Counsel ResearchEngageBondCounselResearch | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Bond Iss Meet Prvt Security Pay TestBondIssMeetPrvtSecurityPayTest | Change In Use Bond Financed PropChangeInUseBondFinancedProp | Prcntge Bond Financed PropPrcntgeBondFinancedProp | Remedial Action TakenRemedialActionTaken | Non Qualified Bond Remed ProcdrsNonQualifiedBondRemedProcdrs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | false | false | true | false | true | false | 0.03340 | 0.00000 | 0.03340 | false | false | 0 | false | true |
| B | false | false | true | false | true | false | 0.02990 | 0.00000 | 0.02990 | false | false | 0 | false | true |
| C | false | false | true | false | true | false | 0.02310 | 0.00000 | 0.02310 | false | false | 0 | false | true |
| D | false | false | true | false | true | false | 0.04180 | 0.00000 | 0.04180 | false | false | 0 | false | true |
Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiled | Rebate Not Due YetRebateNotDueYet | Exception To RebateExceptionToRebate | No Rebate DueNoRebateDue | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Term Of HedgeTermOfHedge | Superintegrated HedgeSuperintegratedHedge | Hedge TerminatedHedgeTerminated | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Term Of GICTermOfGIC | Regulatory Safe Harbor SatisfiedRegulatorySafeHarborSatisfied | Gross Proceeds InvestedGrossProceedsInvested | Written Proc To Monitor ReqsWrittenProcToMonitorReqs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | false | false | false | false | false | false | 0.0 | false | false | false | 0.0 | false | false | true |
| B | false | false | false | false | false | false | 0 | false | false | false | 0 | false | false | true |
| C | false | false | false | false | false | false | 0 | false | false | false | 0 | false | false | true |
| D | false | false | false | false | false | false | 0 | false | false | false | 0 | false | false | true |
Form990 Schedule K Part V Form990ScheduleKPartV (4 entries)
| Bond ReferenceBondReferenceCd | Proc To Undertk Corrective ActionProcToUndertkCorrectiveAction |
|---|---|
| A | true |
| B | true |
| C | true |
| D | true |
Form990 Schedule K Part VI Form990ScheduleKPartVI (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| SCHEDULE K, PART I, LINE A | SCHEDULE K, PART I | DETAILS OF REFUNDED BOND ISSUES HEFA SERIES L BOND (ISSUED MAY 7, 2003) REFUNDED HEFA SERIES H BOND ISSUED ON APRIL 6, 1993. HEFA SERIES H BOND WAS USED FOR CONSTRUCTION AND TO REFUND HEFA SERIES D BOND ISSUED MAY 14,1980. |
| SCHEDULE K, PART III, LINE 3B & 3D | SCHEDULE K, PART III | MIT ROUTINELY REVIEWS RESEARCH AGREEMENTS RELATING TO ITS BOND-FINANCED PROPERTY FOR PRIVATE BUSINESS USE, USING EITHER IN-HOUSE COUNSEL, OUTSIDE COUNSEL, OR PROFESSIONAL CONTRACT REVIEWERS WHO HAVE EXTENSIVE EXPERIENCE WITH RESPECT TO THE PRIVATE BUSINESS USE RULES AND THE SAFE HARBORS SET FORTH IN REV. PROC. 2007-47 AND REV. PROC. 97-13. |
| SCHEDULE K, PART III, LINE 4 | SCHEDULE K, PART III | PRIVATE BUSINESS USE ADDITIONAL INFORMATION SINCE THE IRS FIRST ISSUED ITS UNDERLYING REVENUE PROCEDURES 1997-13 AND 1997-14, IT HAS BEEN MIT'S POLICY TO ENSURE THAT ITS MANAGEMENT CONTRACTS FALL WITHIN REVENUE PROCEDURE 97-13'S SAFE HARBOR, AND THAT ITS PRIVATE SPONSORED RESEARCH CONTRACTS FALL WITHIN THE REVENUE PROCEDURE 2007-47'S SAFE HARBOR (TOGETHER, THESE TWO TYPES OF CONTRACTS ARE REFERRED TO IN THIS FORM 990 AS "OUTSIDE CONTRACTS"). THIS POLICY ENSURES THAT IN THE UNLIKELY EVENT THAT PRIVATE BUSINESS USE MIGHT ARISE THAT SUCH USE WILL BE MAINTAINED AT A LEVEL THAT IS BELOW THE 5% SAFE HARBOR OF EACH BOND ISSUE. MIT REGULARLY REVIEWS ITS PROCEDURES IN ORDER TO ENSURE COMPLIANCE WITH ITS PRIVATE BUSINESS USE POLICY. |
Schedule K IRS990ScheduleK
Schedule L IRS990ScheduleL
Loan Table LoanTable
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SUSAN HOCKFIELD | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship With Organization | PRESIDENT | RelationshipWithOrganization |
| Purpose Of Loan | MORTGAGE | PurposeOfLoan |
| Loan From Organization | X | LoanFromOrganization |
| Original Principal | $500,000 | OriginalPrincipalAmount |
| Balance Due | 500000 | BalanceDue |
| Default | false | Default |
| Approved By Board | true | ApprovedByBoard |
| Written Agreement | true | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 500000 | TotalBalanceDue |
Form990 Schedule L Part III Form990ScheduleLPartIII
Name Of Interested Business NameOfInterestedBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHILDREN'S SCHOLARSHIP | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship With Organization | CHILDREN OF QUALIFIED FACULTY | RelationshipWithOrganization |
| Amount Of Grant | 70080 | AmountOfGrant |
| Type Of Assistance | SCHOLARSHIP | TypeOfAssistance |
| Purpose Of Assistance | SCHOLARSHIP | PurposeOfAssistance |
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEE PART V | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | SEE PART V | Relationship |
| Description Of Transaction | SEE PART V | DescriptionOfTransaction |
| Sharing Of Revenues | false | SharingOfRevenues |
Form990 Schedule L Part V Form990ScheduleLPartV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| LINE 1 - CHILDREN'S SCHOLARSHIPS | SCHEDULE L, PART III | ALTHOUGH THERE MAY BE RECIPIENTS WHO ARE RELATED TO PERSONS HAVING AN INTEREST IN THE INSTITUTE, SUCH RECIPIENTS ARE SELECTED ON THE BASIS OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED, AND OTHER SIMILAR STANDARDS. |
| PART IV | SCHEDULE L, PART IV | THE FOLLOWING ARE ARM'S LENGTH TRANSACTIONS BETWEEN MIT AND 3RD PARTIES WHERE AN MIT OFFICER, DIRECTOR, TRUSTEE, KEY EMPLOYEE OR HIGHLY-COMPENSATED INDIVIDUAL SERVED ON THE BOARD OF DIRECTORS OF THE 3RD PARTY OR OWNED GREATER THAN 10% OF THE 3RD PARTY. CLAUDE CANIZARES IS A KEY EMPLOYEE AND ROBERT MILLARD IS A MEMBER OF THE EXECUTIVE COMMITTEE OF MIT. BOTH ARE ALSO ON THE BOARD OF L-3 COMMUNICATIONS. MIT PROCURED EQUIPMENT FROM L-3 COMMUNICATIONS IN THE AMOUNT OF $2,001,843. 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 14 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 0 | NoncashContribsRptdF990 |
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
Clothing And Household Goods ClothingAndHouseholdGoods
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 675 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 22972000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | MARKET VALUE | MethodOfDeterminingRevenues |
Securities Miscellaneous SecuritiesMiscellaneous
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 3 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 702000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | MARKET VALUE | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (3 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | EQUIPMENT | 6 | 79500 | MARKET VALUE |
| X | ARCHIVAL RECORDS | 28 | 0 | |
| X | OTHER | 6 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 2 | NumberOf8283Received |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | true | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Explanations of reporting method for number of contributions | Schedule M, Part I | ART - 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 contributions | Schedule M, Part I, Line 32b | MIT REAL ESTATE FOUNDATION, INC.'S PRIMARY PURPOSE IS TO HOLD AND SELL GIFTS OF REAL ESTATE AND PROPERTY FOR THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY. |
| LINE 33 | SCHEDULE M, PART I | MIT RECORDS ITEMS OF COLLECTIONS AS A GIFT AT NOMINAL VALUE. THEY ARE RECEIVED FOR EDUCATIONAL PURPOSES AND GENERALLY DISPLAYED THROUGHOUT MIT.THEY ARE NOT DISPOSED OF FOR FINANCIAL GAIN OR OTHERWISE ENCUMBERED IN ANY MANNER. |
| Number of contributions or items contributed. | Schedule M, part I, column (b), Line 1 | NUMBER OF CONTRIBUTIONS |
| Number of contributions or items contributed. | Schedule M, part I, column (b), Line 4 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (25 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| PART VI, LINE 1A | FORM 990, PART VI, LINE 1A | THE MIT BYLAWS VEST IN THE EXECUTIVE COMMITTEE OF THE MIT CORPORATION THE RESPONSIBILITY FOR OVERSEEING THE GENERAL ADMINISTRATION AND SUPERINTENDENCE OF ALL MATTERS RELATING TO MIT, INCLUDING ITS EDUCATIONAL AND RESEARCH PROGRAMS, ADMINISTRATION PERFORMANCE, FINANCIAL AFFAIRS, ENDOWMENT, REAL PROPERTY, POLICIES, SYSTEMS, CONTROLS, SPECIAL CONTRACT SERVICES, AND FACULTY TENURE DECISION APPROVAL. THE EXECUTIVE COMMITTEE CONSISTS OF 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 1B | FORM 990, PART VI, LINE 1B | IN SCHEDULE L, PART IV, MIT REPORTS TRANSACTIONS WITH VARIOUS COMPANIES WHOSE BOARDS OF DIRECTORS INCLUDE MEMBERS OF MIT'S GOVERNING BODY. THE REPORTED TRANSACTIONS WERE ARM'S LENGTH, COMMERCIAL TRANSACTIONS OCCURRING IN THE ORDINARY COURSE OF BUSINESS FOR BOTH MIT AND THE VARIOUS COMPANIES AND WERE IMMATERIAL TO THE INDEPENDENCE OF THOSE INDIVIDUALS. |
| PART VI, LINE 2 | FORM 990, PART VI, LINE 2 | CLAUDE CANIZARES AND ROBERT MILLARD ARE BOARD MEMBERS OF L-3 COMMUNICATIONS, INC. SETH ALEXANDER AND R. GREGORY MORGAN ARE MEMBERS OF THE INVESTMENT COMMITTEE AND UNDERWRITING COMMITTEE, RESPECTIVELY, OF CRICO. |
| Significant changes to organizational documents | Form 990, Part VI, Section A, Line 4 | MIT'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 body | Form 990, Part VI, Section A, Line 7a | THE MIT CORPORATION ELECTS THE NON EX-OFFICIO MEMBERS OF MIT'S GOVERNING BODY (THE EXECUTIVE COMMITTEE OF THE CORPORATION). EX-OFFICIO MEMBERS OF THE EXECUTIVE COMMITTEE ARE THE CHAIR OF THE CORPORATION, THE PRESIDENT, THE EXECUTIVE VICE-PRESIDENT AND TREASURER, AND THE CHAIR OF THE INVESTMENT MANAGEMENT COMPANY BOARD OF DIRECTORS. |
| Monitoring compliance of local unit's activities | Form 990, Part VI, Section B, Line 10b | THE WRITTEN POLICIES AND PROCEDURES OF THE INSTITUTE APPLY TO ITS SUBSIDIARIES. THE ORGANIZATIONAL DOCUMENTS OF OTHER ORGANIZATIONS OVER WHICH MIT EXERCISES SUPERVISION AND CONTROL INCLUDE PROVISIONS THAT ALIGN THEIR MISSIONS WITH MIT'S MISSION. |
| Review of form 990 by governing body | Form 990, Part VI, Section B, Line 11b | MIT'S OFFICERS RESPONSIBLE FOR MIT'S TAX MATTERS PREPARE MIT'S FORM 990 WITH EXTENSIVE ASSISTANCE FROM MIT'S ACADEMIC AND ADMINISTRATIVE UNITS. SENIOR MIT OFFICERS THEN REVIEW THE FORM 990. FOLLOWING THAT REVIEW AND BEFORE THE FORM 990 IS FILED, MIT'S RISK AND AUDIT COMMITTEE AND EXECUTIVE COMMITTEE (MIT'S GOVERNING BODY) ARE PROVIDED WITH THE FORM AND RELATED SCHEDULES FOR THEIR REVIEW AND COMMENT. |
| Conflict of interest policy | Form 990, Part VI, Section B, Line 12c | MONITORING AND ENFORCING COMPLIANCE WITH CONFLICT OF INTEREST POLICIES DISCLOSURE: MIT HAS TWO PRIMARY CONFLICT OF INTEREST POLICIES - THE POLICY CONCERNING AVOIDANCE OF CONFLICTS OF INTEREST WHICH COVERS ALL INDIVIDUALS SERVING ON THE MIT EXECUTIVE COMMITTEE (MIT'S GOVERNING BODY) AND CORPORATION, AND THE SECTION OF MIT'S POLICIES AND PROCEDURES TITLED CONFLICT OF INTEREST, WHICH IS GENERALLY APPLICABLE TO MEMBERS OF THE MIT COMMUNITY. ANNUAL DISCLOSURE BOTH POLICIES REQUIRE THAT COVERED INDIVIDUALS ANNUALLY ACKNOWLEDGE IN WRITING THAT THEY ARE AWARE OF THE POLICY AND IDENTIFY ANY RELATIONSHIPS OR RESPONSIBILITIES THAT HAVE THE POTENTIAL OF PRODUCING CONFLICTS OF INTEREST. EACH YEAR, DISCLOSURE FORMS ARE DISTRIBUTED TO THOSE COVERED BY THESE POLICIES. IF A RESPONSE REVEALS A CONFLICT OR POTENTIAL CONFLICT, SUCH CONFLICT IS REFERRED TO THE APPROPRIATE INDIVIDUAL OR BODY FOR CONSIDERATION AND MANAGEMENT. AD HOC DISCLOSURE IN ADDITION TO THE ANNUAL DISCLOSURE PROCESS, POTENTIAL CONFLICTS OF INTEREST OF INDIVIDUALS SERVING ON THE MIT EXECUTIVE COMMITTEE, ON THE CORPORATION OR AS OFFICERS ARE RAISED, CONSIDERED AND ADDRESSED ON AN ADHOC BASIS. UNDER THE POLICY CONCERNING AVOIDANCE OF CONFLICTS OF INTEREST, IF A MATTER COMES BEFORE THE CORPORATION OR EXECUTIVE COMMITTEE THAT INVOLVES A PERSONAL OR BUSINESS OR OTHER FINANCIAL INTEREST OF A MEMBER OR OFFICER OF THE CORPORATION OR A MEMBER OF HIS OR HER IMMEDIATE FAMILY, THE INDIVIDUAL IS REQUIRED TO DISCLOSE THE INTEREST, REFRAIN FROM PARTICIPATING IN THE DISCUSSION OF THE MATTER, EXCEPT AS NECESSARY TO ANSWER QUESTIONS ASKED BY THE OTHER CORPORATION OR EXECUTIVE COMMITTEE MEMBERS, AND REFRAIN FROM VOTING AND BEING PRESENT WHEN THE VOTE WAS TAKEN. IF THE MATTER INVOLVES ONGOING DECISION MAKING OR INVOLVEMENT, THE CORPORATION OR EXECUTIVE COMMITTEE CONTINUES TO MONITOR AND MANAGE THE CONFLICT. WITH RESPECT TO OFFICERS, MIT RELIES UPON A COMBINATION OF THE ANNUAL DISCLOSURES, THE OFFICERS' OBLIGATIONS TO DEVOTE THEIR FULL TIME AND EFFORT TO THE INSTITUTE, THE OFFICERS' FIDUCIARY OBLIGATION TO THE INSTITUTE AND THE OFFICERS' JUDGMENT TO ENSURE THAT CONFLICTS ARE IDENTIFIED. IF A CONFLICT IS IDENTIFIED, THE CONFLICT IS EITHER ELIMINATED OR MANAGED. |
| Process used to establish compensation of top management official | Form 990, Part VI, Section B, Line 15a | THE SALARY SUBCOMMITTEE, A SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE OF THE MIT CORPORATION, REVIEWS DATA REGARDING PAY COMPARISONS OF OTHER PEER INSTITUTIONS. THE DATA ARE COLLECTED AND PRESENTED TO MIT BY TOWERS WATSON AND ANALYZED BY THE COMPENSATION DEPARTMENT OF MIT'S HUMAN RESOURCES DEPARTMENT AND MIT'S VICE PRESIDENT FOR HUMAN RESOURCES. RECOMMENDATIONS FOR SALARY INCREASES ARE PRESENTED TO THE SALARY SUBCOMMITTEE BASED ON PERFORMANCE FEEDBACK COLLECTED. THE DATA AND PERFORMANCE FEEDBACK ARE DISCUSSED AND A FINAL RECOMMENDATION IS APPROVED. NOTIFICATION IS MADE TO THE COMPENSATION DEPARTMENT AND FORMS ARE CREATED TO BE SIGNED BY ONE MEMBER OF THE SALARY SUBCOMMITTEE. |
| Process used to establish compensation of other officers/key employees | Form 990, Part VI, Section B, Line 15b | THE SALARY SUBCOMMITTEE, A SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE OF THE MIT CORPORATION, REVIEWS DATA REGARDING PAY COMPARISONS OF OTHER PEER INSTITUTIONS. THE DATA ARE COLLECTED AND PRESENTED TO MIT BY TOWERS WATSON AND ANALYZED BY THE COMPENSATION DEPARTMENT OF MIT'S HUMAN RESOURCES DEPARTMENT AND MIT'S VICE PRESIDENT FOR HUMAN RESOURCES. RECOMMENDATIONS FOR SALARY INCREASES ARE PRESENTED TO THE SALARY SUBCOMMITTEE BASED ON PERFORMANCE FEEDBACK COLLECTED. THE DATA AND PERFORMANCE FEEDBACK ARE DISCUSSED AND A FINAL RECOMMENDATION IS APPROVED. NOTIFICATION IS MADE TO THE COMPENSATION DEPARTMENT AND FORMS ARE CREATED TO BE SIGNED BY ONE MEMBER OF THE SALARY SUBCOMMITTEE. |
| Governing documents, conflict of interest policy and financial statements available to the public | Form 990, Part VI, Section C, Line 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE ON MIT'S WEBSITE HTTP://WEB.MIT.EDU. |
| Other Expenses | Form 990, Part IX, Line 24 | OTHER 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 9 | NUMBER OF CONTRIBUTIONS |
| Number of contributions or items contributed. | Schedule M, part I, column (b), Line 12 | NUMBER OF CONTRIBUTIONS |
| Number of contributions or items contributed. | Schedule M, part I, column (b), Line other=EQUIPMENT | NUMBER OF CONTRIBUTIONS |
| Number of contributions or items contributed. | Schedule M, part I, column (b), Line other=ARCHIVAL RECORDS | NUMBER OF CONTRIBUTIONS |
| Number of contributions or items contributed. | Schedule M, part I, column (b), Line other=OTHER | NUMBER OF CONTRIBUTIONS |
| Number of contributions or items contributed. | Schedule M, part I, column (b), Line 1 | NUMBER OF CONTRIBUTIONS |
| Number of contributions or items contributed. | Schedule M, part I, column (b), Line 9 | NUMBER OF CONTRIBUTIONS |
| Number of contributions or items contributed. | Schedule M, part I, column (b), Line 12 | NUMBER OF CONTRIBUTIONS |
| Number of contributions or items contributed. | Schedule M, part I, column (b), Line other=EQUIPMENT | NUMBER OF CONTRIBUTIONS |
| Number of contributions or items contributed. | Schedule M, part I, column (b), Line other=ARCHIVAL RECORDS | NUMBER OF CONTRIBUTIONS |
| Number of contributions or items contributed. | Schedule M, part I, column (b), Line other=OTHER | NUMBER OF CONTRIBUTIONS |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI (44 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Total IncomeTotalIncome | EOY AssetsEOYAssets | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|
| MIT REAL ESTATE LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 810643869 | REAL ESTATE | MA | 2256231 | 57665000 | MIT |
| TECHNOLOGY SQUARE FINANCE LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 810643894 | REAL ESTATE | MA | -8714 | 0 | MIT |
| MIT 130 BROOKLINE LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | -124052 | 19150001 | MIT |
| MIT 170171 SIDNEY LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | 133938 | 2895000 | MIT |
| MIT 300 THIRD LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | 833519 | 18070000 | MIT |
| MIT 770790 MEMORIAL LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | 632137 | 13391000 | MIT |
| MIT 99 ERIE LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | 141102 | 3045000 | MIT |
| MIT 185 ALBANY SPE LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | 0 | 0 | MIT |
| MIT 195 ALBANY SPE LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | -616338 | 9400000 | MIT |
| MIT 207 ALBANY SPE LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | -57541 | 4000000 | MIT |
| MIT 8 CARLETON STREET LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | -169869 | 4000000 | MIT |
| MIT WEST 300 BLOCK MASS AVE FEE OWNER LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | -46550 | 7500000 | MIT |
| MIT VASSAR HOLDINGS LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | REAL ESTATE | MA | 0 | 0 | MIT | |
| MIT 128 SIDNEY SPE LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | 120 | 2413 | MIT |
| MIT 148 SIDNEY SPE LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | 120 | 2413 | MIT |
| MIT 149 SIDNEY SPE LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | 120 | 2413 | MIT |
| MIT 640 MEMORIAL SPE LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | 10 | 205 | MIT |
| MIT ONE BROADWAY FEE OWNER LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | 120 | 2413 | MIT |
| MIT 177 MASSACHUSETTS AVENUE LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | 10 | 201 | MIT |
| MIT 650 MAIN STREET LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | 120 | 2413 | MIT |
| MIT 424-456 MASSACHUSETTS AVENUE LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | 10 | 203 | MIT |
| MIT 281-295 ALBANY STREET LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | 10 | 204 | MIT |
| MIT 12 EMILY STREET LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | 10 | 204 | MIT |
| MIT 128 SIDNEY LEASEHOLD LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | 2105793 | 18000000 | MIT |
| MIT 148 SIDNEY LEASEHOLD LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | 28654 | 5700000 | MIT |
| MIT 149 SIDNEY LEASEHOLD LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | 1568195 | 18985000 | MIT |
| MIT 640 MEMORIAL LEASEHOLD LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 461548002 | REAL ESTATE | MA | 4613796 | 133967407 | MIT |
| MIT ONE BROADWAY LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | 8086576 | 131000000 | MIT |
| 177 MASSACHUSETTS AVENUE LEASEHOLD LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | 10581762 | 224496400 | MIT |
| 650 MAIN STREET LEASEHOLD LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | 966441 | 270740000 | MIT |
| 424-456 MASSACHUSETTS AVENUE LEASEHOLD LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | 810627 | 13500000 | MIT |
| 281-295 ALBANY STREET LEASEHOLD LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | 1504839 | 16400000 | MIT |
| 12 EMILY STREET LEASEHOLD LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | 1023612 | 10360000 | MIT |
| MIT WEST 300 BLOCK JV LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | -18531 | 1281997 | MIT |
| MIT EAST 300 BLOCK JV LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | REAL ESTATE | MA | -292 | 266903 | MIT |
| TECH SQUARE JV LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 205242541 | REAL ESTATE | MA | 939552 | 67198612 | MIT |
| MEADOWLARK ASSOCIATES LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 042103594 | INVESTMENTS | DE | -4092262 | 125193051 | MIT |
| BLUE JAY ASSOCIATES LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | INVESTMENTS | DE | 0 | 0 | MIT | |
| PEF LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 261424379 | INVESTMENTS | DE | 4644728 | 84963609 | MIT |
| MIT PRIVATE EQUITY LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 043490003 | INVESTMENTS | MA | 24406 | 121228 | MIT |
| MIT PRIVATE EQUITY MANAGEMENT COMPANY LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 043490002 | INVESTMENTS | MA | -107562 | 55712 | MIT |
| MIT PRIVATE EQUITY MANAGEMENT COMPANY II LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 431964717 | INVESTMENTS | MA | -318994 | 237 | MIT |
| MIT PRIVATE EQUITY MANAGEMENT COMPANY III LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 204639870 | INVESTMENTS | MA | -662074 | 287 | MIT |
| MIT PRIVATE EQUITY MANAGEMENT COMPANY IV LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 01242 | 261356780 | INVESTMENTS | MA | -214568 | 6576 | MIT |
Form990 Schedule R Part II Form990ScheduleRPartII (10 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|
| MIT ENTERPRISE FORUM INC | |||||||||
| 77 MASSACHUSETTS AVENUE | CAMBRIDGE | MA | 02142 | EDUCATION | MA | 501(C)(3) | 11 - Type I | TECHNOLOGY REVIEW | true |
| MIT REAL ESTATE FOUNDATION INC | |||||||||
| 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | REAL ESTATE | MA | 501(C)(3) | 11 - Type I | MIT | true |
| TECHNOLOGY REVIEW INC | |||||||||
| ONE MAIN STREET 7TH FLOOR | CAMBRIDGE | MA | 02142 | PUBLICATION | MA | 501(C)(3) | 11 - Type I | MIT | true |
| TECHNOLOGY BROADCASTING CORPORATION | |||||||||
| 3 AMES STREET | CAMBRIDGE | MA | 02142 | RADIO | MA | 501(C)(3) | 9 | MIT | true |
| LORD FOUNDATION OF MASSACHUSETTS INC | |||||||||
| 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | MIT SUPPORT | MA | 501(C)(3) | 11 - Type I | MIT | true |
| MIT RETIREE WELFARE BENEFIT TRUST | |||||||||
| 77 MASSACHUSETTS AVENUE NE 49-31 | CAMBRIDGE | MA | 02142 | HEALTH BEN. | MA | 501(C)(3) | 11 - Type I | MIT | true |
| KENDALL PARTNERS I INC | |||||||||
| 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | TITLE HOLD | MA | 501(C)(2) | N/A | MIT | true |
| THE MASSACHUSETTS GREEN HIGH PERFORMANCE | |||||||||
| 100 BIGELOW STREET | HOLYOKE | MA | 01040 | RESEARCH | MA | 501(C)(3) | 11 - Type I | NA | false |
| MGHPCC HOLYOKE INC | |||||||||
| 100 BIGELOW STREET | HOLYOKE | MA | 01041 | RESEARCH | MA | 501(C)(3) | 11 - Type I | NA | false |
| EDX INC | |||||||||
| 141 PORTLAND STREET 9TH FLOOR | CAMBRIDGE | MA | 02139 | EDUCATION | MA | 501(C)(3) | 11 - Type I | NA | |
Form990 Schedule R Part III Form990ScheduleRPartIII (19 entries)
| EINEIN | Primary ActivityPrimaryActivity | Legal Domicile Foreign CountryLegalDomicileForeignCountry | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Predominant Income TypePredominantIncomeType | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Disproportionate AllocationsDisproportionateAllocations | Code VCodeVAmount | General Or Managing PartnerGeneralOrManagingPartner | Percentage OwnershipPercentageOwnership | Legal Domicile StateLegalDomicileState |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ALCHEMY PLAN (CAMBRIDGE) LP | |||||||||||
| 980203250 | INVESTMENTS | GK | MIT | EXCLUDED | -1492036 | 27462761 | false | $0 | false | 0.9901 | |
| MD INVESTORS VALUE FUND | |||||||||||
| 300615514 | INVESTMENTS | MIT INVESTMENTS 2010 LP | EXCLUDED | 10031575 | 149793407 | false | $0 | false | 0.98164 | DE | |
| MALLARD FUND LP | |||||||||||
| 208974201 | INVESTMENTS | MEADOWLARK ASSOCIATES LLC | EXCLUDED | -4092262 | 125193051 | false | $0 | false | 0.99567 | TX | |
| MERCKX CAPITAL PARTNERS LP | |||||||||||
| 364711803 | INVESTMENTS | MIT INVESTMENTS 2010 LP | EXCLUDED | 4575129 | 56451166 | false | $0 | false | 0.89208 | DE | |
| MFPLA LP | |||||||||||
| 453203773 | INVESTMENTS | MIT INVESTMENTS 2010 LP | EXCLUDED | 7748189 | 234125935 | false | $0 | false | 0.97439 | DE | |
| MGPLA LP | |||||||||||
| 453625653 | INVESTMENTS | MIT INVESTMENTS 2010 LP | EXCLUDED | 1972969 | 46774287 | false | $0 | false | 0.9899 | DE | |
| MIT INVESTMENTS 2009 LP | |||||||||||
| 270896088 | INVESTMENTS | MIT | EXCLUDED | 68971265 | 716156712 | false | $777,345 | true | 0.91113 | DE | |
| MIT INVESTMENTS 2010 LP | |||||||||||
| 270542081 | INVESTMENTS | MIT | EXCLUDED | 106120215 | 2936125382 | false | -$1,618,191 | true | 1 | DE | |
| STOCKBRIDGE FUND M LP | |||||||||||
| 272122022 | INVESTMENTS | MIT INVESTMENTS 2010 LP | EXCLUDED | 6754825 | 105932363 | false | $0 | false | 0.98740 | MA | |
| WEXFORD MIT DISTRESSED LP | |||||||||||
| 113650262 | INVESTMENTS | MIT | EXCLUDED | 1494899 | 0 | false | $600,132 | false | 0 | DE | |
| WEXFORD MIT ENERGY II LP | |||||||||||
| 760787877 | INVESTMENTS | MIT | EXCLUDED | 2106655 | 21156799 | false | $375,293 | false | 0.90909 | DE | |
| WEXFORD MIT ENERGY LP | |||||||||||
| 800057801 | INVESTMENTS | MIT | EXCLUDED | 207728 | 3869515 | false | $74,215 | false | 0.66867 | DE | |
| WEXFORD SPECIAL SITUATIONS 1997 INSTITUTIONAL LP | |||||||||||
| 061483925 | INVESTMENTS | MIT | EXCLUDED | 163643 | 0 | false | $72,479 | false | 0 | DE | |
| GALILEO TM LLC | |||||||||||
| 990376894 | INVESTMENTS | MIT INVESTMENTS 2010 LP | EXCLUDED | -25729 | 108383425 | false | $0 | false | 0.99038 | DE | |
| HEPHAESTUS ENERGY FUND LP | |||||||||||
| 364747789 | INVESTMENTS | MIT INVESTMENTS 2010 LP | EXCLUDED | 0 | 49786566 | false | $0 | false | 1 | DE | |
| INDIA INSTITUTIONAL FUND LLC | |||||||||||
| 980442802 | INVESTMENTS | MIT | EXCLUDED | 134010 | 25695848 | false | $0 | false | 0.86176 | DE | |
| MIT PRIVATE EQUITY II LLC | |||||||||||
| 753066771 | INVESTMENTS | MIT | EXCLUDED | 20775 | 196726 | false | $18 | true | 1 | DE | |
| MIT PRIVATE EQUITY III LLC | |||||||||||
| 204639783 | INVESTMENTS | MIT | EXCLUDED | 5874 | 325470 | false | $1,056 | true | 1 | DE | |
| MIT PRIVATE EQUITY IV LLC | |||||||||||
| 261356668 | INVESTMENTS | MIT | EXCLUDED | 8532 | 126454 | false | -$78 | true | 1 | DE | |
Form990 Schedule R Part IV Form990ScheduleRPartIV (16 entries)
| Address Line1AddressForeign/AddressLine1 | Province Or StateAddressForeign/ProvinceOrState | CountryAddressForeign/Country | Postal CodeAddressForeign/PostalCode | Primary ActivityPrimaryActivity | Legal Domicile Foreign CountryLegalDomicileForeignCountry | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Type Of EntityTypeOfEntity | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Percentage OwnershipPercentageOwnership | Controlled OrgControlledOrg | CityAddressForeign/City | Legal Domicile StateLegalDomicileState | Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GAOLING FEEDER II | |||||||||||||||||
| PO BOX 908GT MARY STREET | GRAND CAYMAN | CJ | KY1 9005 | INVESTMENTS | CJ | MIT | C CORPORATION | 0 | 400373659 | 1 | true | ||||||
| MIT ENDOWMENTPATRON SCOTLAND LP | |||||||||||||||||
| 50 LOTHIAN ROAD FESTIVAL SQUARE | MIDLOTHIAN | UK | EH3 9BY | INVESTMENTS | UK | MIT PATRON GP LIMITED | C CORPORATION | 168032 | 12050000 | 1 | true | EDINBURGH | |||||
| MIT ENDOWMENTPATRON GP LIMITED | |||||||||||||||||
| 50 LOTHIAN ROAD FESTIVAL SQUARE | MIDLOTHIAN | UK | EH3 9BY | INVESTMENTS | UK | MIT | C CORPORATION | 0 | 0 | 1 | true | EDINBURGH | |||||
| THE GALLINULE FUND | |||||||||||||||||
| PO BOX 309 UGLAND HOUSE | GRAND CAYMAN | CJ | KY1 1104 | INVESTMENTS | CJ | MIT INVESTMENTS 2010 LP | C CORPORATION | 56209606 | 270893780 | 1 | true | ||||||
| CHARITABLE REMAINDER TRUSTS (278) | |||||||||||||||||
| INVESTMENTS | NA | TRUST | true | MA | |||||||||||||
| CHARITABLE LEAD TRUST (1) | |||||||||||||||||
| INVESTMENTS | NA | TRUST | true | MA | |||||||||||||
| POOLED INCOME FUNDS (184) | |||||||||||||||||
| INVESTMENTS | NA | TRUST | true | MA | |||||||||||||
| CHARITABLE REMAINDER TRUSTS (23) | |||||||||||||||||
| INVESTMENTS | NA | TRUST | true | ||||||||||||||
| CHARITABLE LEAD TRUST (1) | |||||||||||||||||
| INVESTMENTS | NA | TRUST | true | ||||||||||||||
| OUTSIDE PERPETUAL TRUST (18) | |||||||||||||||||
| INVESTMENTS | NA | TRUST | true | ||||||||||||||
| BARTON INSURANCE CO LTD | |||||||||||||||||
| CRAIG APPIN HOUSE8 WESLEY ST HM JX | HAMILTON | BD | INSURANCE | BD | MIT | C CORPORATION | 1 | true | |||||||||
| MIT PRESS LIMITED | |||||||||||||||||
| FITZROY HOUSE 11 CHENIES STREET | LONDON | UK | WC1E 7E | PUBLICATION | UK | MIT | C CORPORATION | 234559 | 1308895 | 1 | true | ||||||
| SINGAPORE-MIT ALLIANCE FOR RESEARCH AND TECHNOLOGY | |||||||||||||||||
| 1 CREATE WAY 10-01 CREATE TOWER | SN | 138602 | RESEARCH | SN | MIT | C CORPORATION | 57833524 | 1 | true | ||||||||
| BOSE CORPORATION | |||||||||||||||||
| PRODUCT DEVELOPMENT | NA | C CORPORATION | true | DE | THE MOUNTAIN | FRAMINGHAM | MA | 01701 | |||||||||
| MIT INDIA TRUST | |||||||||||||||||
| PIROJSHANAGER EASTERN EXPRESS HWY | MUMBAI | IN | 40007 | EDUCATIONAL SUPPORT | IN | MIT | C CORPORATION | 1 | true | ||||||||
| INDIA INSTITUTIONAL FUND LIMITED | |||||||||||||||||
| IFS COURT 28 CYBERCITY EBENE | MP | INVESTMENTS | MP | INDIA INSTITUTIONAL FUND LLC | C CORPORATION | 0 | 25695848 | 0.86176 | true | MP | |||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | true | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | true | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | true | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | true | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | true | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | true | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | true | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | true | OtherTransferToOtherOrg |
| Other Transfer From Other Org | true | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (23 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| SINGAPORE-MIT ALLIANCE FOR RESEARCH & TECHNOLOGY CENTRE | ||
| C | 10806000 | CASH |
| TECHNOLOGY REVIEW INC | ||
| D | 2863000 | CASH |
| BOSE CORPORATION | ||
| F | 10038837 | FMV |
| MIT PRESS LTD | ||
| M | 804000 | CASH |
| TECHNOLOGY REVIEW INC | ||
| P | 1880000 | CASH |
| SINGAPORE-MIT ALLIANCE FOR RESEARCH & TECHNOLOGY CENTRE | ||
| Q | 4963000 | CASH |
| BARTON INSURANCE CO LTD | ||
| S | 4375000 | CASH |
| LORD FOUNDATION OF MASSACHUSETTS INC | ||
| R | 968000 | CASH |
| MIT REAL ESTATE FOUNDATION INC | ||
| S | 812000 | CASH |
| MIT PRESS LTD | ||
| S | 55000 | CASH |
| GAOLING FEEDER II | ||
| B | 20000000 | CASH |
| ALCHEMY PLAN (CAMBRIDGE) LP | ||
| B | 220384 | CASH |
| ALCHEMY PLAN (CAMBRIDGE) LP | ||
| S | 3131595 | CASH |
| MALLARD FUND LP | ||
| B | 28000000 | CASH |
| MIT INVESTMENTS 2009 LP | ||
| B | 149577388 | CASH |
| MIT INVESTMENTS 2009 LP | ||
| S | 161679914 | CASH |
| MIT INVESTMENTS 2010 LP | ||
| B | 1295610404 | CASH |
| MIT INVESTMENTS 2010 LP | ||
| S | 303494087 | CASH |
| WEXFORD MIT DISTRESSED LP | ||
| S | 16854070 | CASH |
| WEXFORD MIT ENERGY II LP | ||
| S | 909091 | CASH |
| WEXFORD MIT ENERGY LP | ||
| S | 668673 | CASH |
| WEXFORD SPECIAL SITUATIONS 1997 INSTITUTIONAL LP | ||
| S | 2028149 | CASH |
| LORD FOUNDATION OF MASSACHUSETTS INC | ||
| S | 1703000 | CASH |
Form990 Schedule R Part VII Form990ScheduleRPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE R, PART IV | Identifier |
| Return Reference | PART VII | ReturnReference |
| Explanation | MIT IS THE OWNER (RECEIVED BY WAY OF TWO CHARITABLE GIFTS AND DISCLOSED IN A PRIOR TAX YEAR) OF A MAJORITY OF BOSE CORPORATION'S CLASS B SHARES. THIS INTEREST IS ENTIRELY PASSIVE AND PURELY ECONOMIC AS MIT POSSESSES ONLY THE RIGHT TO RECEIVE DIVIDENDS WHICH MAY BE DISTRIBUTED ON THE SHARES. THE CLASS B SHARES HAVE NO VOTING POWER OVER BOARD MEMBERSHIP, CORPORATE LIQUIDATION OR SALE, OR OTHER CORPORATE GOVERNANCE AND OPERATIONS ISSUES. AS A CLASS B SHAREHOLDER, MIT IS NOT PERMITTED TO SELL ITS STOCK WITHOUT THE EXPRESS APPROVAL OF BOSE'S BOARD. PUBLIC DISCLOSURE OF CERTAIN DETAILS ABOUT THE GIFT COULD PUT BOSE CORPORATION AT A COMPETITIVE DISADVANTAGE.* * SEVERAL IRS PRONOUNCEMENTS HAVE MADE IT CLEAR THAT THE FORM 990 IS NOT INTENDED TO PUT A DISCLOSED DONOR AT A POTENTIAL COMPETITIVE DISADVANTAGE. | Explanation |
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