MASSACHUSETTS INSTITUTE OF TECHNOLOGY: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- MASSACHUSETTS INSTITUTE OF TECHNOLOGY (EIN 04-2103594)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-14
- IRS object ID
- 201321349349305167
- Schema version
- 2011v1.5
- 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 L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-14T15:15:30-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | 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) |
|---|---|---|
| In Care Of Name | % BASIL A STEWART | InCareOfName |
| 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 | EXEC. VP & TREASURER | Title |
| Date Signed | 2013-05-09 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | SUSAN HOCKFIELD | NameOfPrincipalOfficerPerson |
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 | 55690823000 | 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 | 12 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 8 | NbrIndependentVotingMembers |
| Total Nbr Employees | 22085 | TotalNbrEmployees |
| Total Nbr Volunteers | 7497 | TotalNbrVolunteers |
| Total Gross UBI | 14042000 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -6091316 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 970793000 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 894547000 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 1656130000 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 1770381000 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 494038000 | InvestmentIncomePriorYear |
| Investment Income Current Year | 406218000 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 371350000 | OtherRevenuePriorYear |
| Other Revenue Current Year | 284289000 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 3492311000 | TotalRevenuePriorYear |
| Total Revenue Current Year | 3355435000 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 426813000 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 457816000 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1134414000 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1195801000 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 449000 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 358000 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 28109000 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1236251000 | OtherExpensePriorYear |
| Other Expenses Current Year | 1730628000 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 2797927000 | TotalExpensesPriorYear |
| Total Expenses Current Year | 3384603000 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 694384000 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -29168000 | RevenuesLessExpensesCY |
| Total Assets BOY | 15997478000 | TotalAssetsBOY |
| Total Assets EOY | 16769229000 | TotalAssetsEOY |
| Total Liabilities BOY | 3865395000 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 4221173000 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 12132083000 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 12548056000 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| 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 |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 691903000 | Expense |
| Grants | 130468000 | Grants |
| Revenue | 579772000 | Revenue |
| Description | INSTRUCTION AND UNSPONSORED RESEARCH: MIT IS COMMITTED TO PROVIDING A WORLD-CLASS EDUCATION TO OUR APPROXIMATELY 4,400 UNDERGRADUATES AND APPROXIMATELY 6,500 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 |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1306977000 | Expense |
| Grants | 72908000 | Grants |
| Revenue | 1290524000 | 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 |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 251709000 | Expense |
| Grants | 251709000 | 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, APPROXIMATELY 64% 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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 439074000 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 2731000 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 8418000 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 2689663000 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | true | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| 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 | false | 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 |
| Info In Schedule O Part V | X | InfoInScheduleOPartV |
| Number Forms Transmitted With1096 | 24274 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 22085 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | true | ForeignFinancialAccount |
| 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 | 1 | 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 | 12 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 8 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | BASIL A STEWART | NamePerson |
| 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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (27 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|
| DENIS BOVIN | |||||||||
| EXECUTIVE COMMITTEE MEMBER | 5.0 | X | 0 | 0 | 0 | ||||
| JAMES CHAMPY | |||||||||
| EXECUTIVE COMMITTEE MEMBER | 5.0 | X | 0 | 0 | 0 | ||||
| LAWRENCE FISH | |||||||||
| EXECUTIVE COMMITTEE MEMBER | 5.0 | X | 0 | 0 | 0 | ||||
| ROBERT MILLARD | |||||||||
| EXECUTIVE COMMITTEE MEMBER | 5.0 | X | 0 | 0 | 0 | ||||
| A NEIL PAPPALARDO | |||||||||
| EXECUTIVE COMMITTEE MEMBER | 5.0 | X | 0 | 0 | 0 | ||||
| BARRIE ZESIGER | |||||||||
| EXECUTIVE COMMITTEE MEMBER | 5.0 | X | 0 | 0 | 0 | ||||
| JOHN REED | |||||||||
| CHAIRMAN OF THE CORPORATION | 30.0 | X | 255220 | 0 | 5156 | X | |||
| SUSAN HOCKFIELD | |||||||||
| PRESIDENT | 60.0 | X | 1042110 | 0 | 157767 | X | |||
| THERESA STONE OUTGOING | |||||||||
| EXECUTIVE VP & TREASURER | 60.0 | X | 569496 | 0 | 17317 | X | |||
| ISRAEL RUIZ INCOMING | |||||||||
| EXECUTIVE VP & TREASURER | 60.0 | X | 331156 | 0 | 46710 | X | |||
| DIANE GREENE | |||||||||
| EXECUTIVE COMMITTEE MEMBER | 5.0 | X | 0 | 0 | 0 | ||||
| HENRICUS TERMEER | |||||||||
| EXECUTIVE COMMITTEE MEMBER | 5.0 | X | 0 | 0 | 0 | ||||
| ARTHUR SAMBERG | |||||||||
| EXECUTIVE COMMITTEE MEMBER | 5.0 | X | 0 | 0 | 0 | ||||
| KIRK KOLENBRANDER | |||||||||
| VP & SECRETARY OF THE CORP. | 60.0 | 244266 | 0 | 60426 | X | ||||
| SETH ALEXANDER | |||||||||
| PRESIDENT OF MITIMCO | 60.0 | 1128025 | 0 | 47916 | X | ||||
| R GREGORY MORGAN | |||||||||
| VP & GENERAL COUNSEL | 60.0 | 544123 | 0 | 68064 | X | ||||
| JEFFREY NEWTON | |||||||||
| VP OF RESOURCE DEVELOPMENT | 60.0 | 386613 | 0 | 46829 | X | ||||
| L RAFAEL REIF | |||||||||
| PROVOST | 60.0 | 593132 | 0 | 65153 | X | ||||
| CLAUDE CANIZARES | |||||||||
| VICE PRESIDENT FOR RESEARCH | 60.0 | 332889 | 0 | 24003 | X | ||||
| ERIC EVANS | |||||||||
| DIRECTOR OF LINCOLN LAB | 60.0 | 396964 | 0 | 56908 | X | ||||
| W ERIC GRIMSON | |||||||||
| CHANCELLOR | 60.0 | 274417 | 0 | 67583 | X | ||||
| DAVID SCHMITTLEIN | |||||||||
| DEAN SLOAN SCHOOL OF MGMT | 60.0 | 733502 | 0 | 43557 | X | ||||
| NELSON REPENNING | |||||||||
| PROFESSOR SLOAN SCHOOL OF MGMT | 60.0 | 685771 | 0 | 49559 | X | ||||
| STEVEN MARSH | |||||||||
| MANAGING DIRECTOR - MITIMCO | 60.0 | 676408 | 0 | 57773 | X | ||||
| STEVE EPPINGER | |||||||||
| PROFESSOR SLOAN SCHOOL OF MGMT | 60.0 | 682396 | 0 | 60942 | X | ||||
| RICHARD LOCKE | |||||||||
| DEPT HEAD & PROFESSOR | 60.0 | 656078 | 0 | 97351 | X | ||||
| PHILLIP CLAY FORMER KEY EMPLOYEE | |||||||||
| Professor | 60.0 | 318738 | 0 | 32083 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 9851304 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 1005097 | TotalOtherCompensation |
| Number Individuals GT100 K | 2466 | 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 |
|---|---|---|---|---|---|
| WILLIAM A BERRY SONS INC | |||||
| 99 CONIFER HILL DRIVE | DANVERS | MA | 01923 | CONSTRUCTION | 14197446 |
| WALSH BROTHERS INC | |||||
| 210 COMMERCIAL STREET | BOSTON | MA | 02109 | CONSTRUCTION | 12548677 |
| BOND BROTHERS INC | |||||
| 145 SPRING STREET | EVERETT | MA | 02149 | CONSTRUCTION | 15004860 |
| SHAWMUT DESIGN CONSTRUCTION CO | |||||
| 560 HARRISON AVE | BOSTON | MA | 02118 | CONSTRUCTION | 49968139 |
| ALEXANDRIA REAL ESTATE INC AREE | |||||
| 700 TECHNOLOGY SQUARE | CAMBRIDGE | MA | 02139 | MANAGEMENT | 10702062 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 571 | NumberOfContractorsGT100K |
| Related Organizations | 2161000 | RelatedOrganizations |
| Government Grants | 397920000 | GovernmentGrants |
| All Other Contributions | 494466000 | AllOtherContributions |
| Noncash Contributions | 24544000 | NoncashContributions |
| Total Contributions | 894547000 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| SPONSORED RESEARCH CONTRACTS | 900099 | 1099586000 | 1099586000 | |
| FEES AND SERVICES | 221000 | 91023000 | 88476000 | 2547000 |
| OTHER PROGRAMS | 900099 | 45437000 | 45437000 | |
| TUITION | 900099 | 534335000 | 534335000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 1770381000 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 84578000 | TotalRevenueColumn |
| Unrelated Business Revenue | 11218000 | UnrelatedBusinessRevenue |
| Exclusion | $73,360,000 | 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 | 128368000 | TotalRevenueColumn |
| Exclusion | $128,368,000 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 68213000 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 20625000 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 47588000 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 47588000 | TotalRevenueColumn |
| Exclusion | $47,588,000 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 52636403000 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 52314763000 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 321640000 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 321640000 | TotalRevenueColumn |
| Exclusion | $321,640,000 | 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 (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| AUXILIARY ENTERPRISES | 511120 | 101761000 | 101484000 | 277000 |
| CHANGE IN LIFE INCOME FUNDS | 900099 | 6572000 | 6572000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 108333000 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3355435000 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1875890000 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 14042000 | UnrelatedBusinessRevenue |
| Exclusion | $570,956,000 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 980000 | Total |
| Program Services | 980000 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 455085000 | Total |
| Program Services | 455085000 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1751000 | Total |
| Program Services | 1751000 | 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 | 6421000 | Total |
| Program Services | 1109000 | ProgramServices |
| Management And General | 4539000 | ManagementAndGeneral |
| Fundraising | 773000 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 678000 | Total |
| Program Services | 373000 | ProgramServices |
| Management And General | 305000 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 954644000 | Total |
| Program Services | 782472000 | ProgramServices |
| Management And General | 156677000 | ManagementAndGeneral |
| Fundraising | 15495000 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 29655000 | Total |
| Program Services | 24483000 | ProgramServices |
| Management And General | 4985000 | ManagementAndGeneral |
| Fundraising | 187000 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 138518000 | Total |
| Program Services | 112530000 | ProgramServices |
| Management And General | 23461000 | ManagementAndGeneral |
| Fundraising | 2527000 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 65885000 | Total |
| Program Services | 54152000 | ProgramServices |
| Management And General | 11025000 | ManagementAndGeneral |
| Fundraising | 708000 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 36986000 | Total |
| Program Services | 25731000 | ProgramServices |
| Management And General | 11255000 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20262000 | Total |
| Program Services | 495000 | ProgramServices |
| Management And General | 19767000 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 788000 | Total |
| Program Services | 16000 | ProgramServices |
| Management And General | 772000 | 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 | 358000 | Total |
| Fundraising | 358000 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18871000 | Total |
| Management And General | 18871000 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 51936000 | Total |
| Program Services | 26852000 | ProgramServices |
| Management And General | 25084000 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6709000 | Total |
| Program Services | 5400000 | ProgramServices |
| Management And General | 1309000 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27296000 | Total |
| Program Services | 18290000 | ProgramServices |
| Management And General | 8075000 | ManagementAndGeneral |
| Fundraising | 931000 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 46304000 | Total |
| Program Services | 36371000 | ProgramServices |
| Management And General | 9333000 | ManagementAndGeneral |
| Fundraising | 600000 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 37514000 | Total |
| Program Services | 18654000 | ProgramServices |
| Management And General | 18860000 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23022000 | Total |
| Program Services | 17831000 | ProgramServices |
| Management And General | 5166000 | ManagementAndGeneral |
| Fundraising | 25000 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 69336000 | Total |
| Program Services | 62383000 | ProgramServices |
| Management And General | 5097000 | ManagementAndGeneral |
| Fundraising | 1856000 | 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 | 33889000 | Total |
| Program Services | 29026000 | ProgramServices |
| Management And General | 4070000 | ManagementAndGeneral |
| Fundraising | 793000 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 107689000 | Total |
| Program Services | 93466000 | ProgramServices |
| Management And General | 14118000 | ManagementAndGeneral |
| Fundraising | 105000 | Fundraising |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1676000 | Total |
| Program Services | 1676000 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 123010000 | Total |
| Program Services | 105509000 | ProgramServices |
| Management And General | 17326000 | ManagementAndGeneral |
| Fundraising | 175000 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 55640000 | Total |
| Program Services | 44441000 | ProgramServices |
| Management And General | 11199000 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| PENSION RELATED | 394469000 | 327694000 | 66775000 | |
| SUBRECIPIENT AGREEMENTS | 118892000 | 118892000 | ||
| FACILITIES CHARGES | 102736000 | 55651000 | 45372000 | 1713000 |
| EQUIPMENT RENTAL AND MAIN | 107167000 | 84241000 | 22777000 | 149000 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 346436000 | Total |
| Program Services | 184109000 | ProgramServices |
| Management And General | 160613000 | ManagementAndGeneral |
| Fundraising | 1714000 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3384603000 | Total |
| Program Services | 2689663000 | ProgramServices |
| Management And General | 666831000 | ManagementAndGeneral |
| Fundraising | 28109000 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 104974000 | BOY |
| EOY | 224890000 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1156826000 | BOY |
| EOY | 1599874000 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 491376000 | BOY |
| EOY | 546383000 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 260216000 | BOY |
| EOY | 207676000 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 218000 | BOY |
| EOY | 890000 | 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 | 49539000 | BOY |
| EOY | 49529000 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5783000 | BOY |
| EOY | 6031000 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 64206000 | BOY |
| EOY | 87583000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 3543466000 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 1047021000 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2444909000 | BOY |
| EOY | 2496445000 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1635778000 | BOY |
| EOY | 1141480000 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9669938000 | BOY |
| EOY | 10408448000 | 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 |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 113715000 | BOY |
| EOY | 0 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15997478000 | BOY |
| EOY | 16769229000 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 446052000 | BOY |
| EOY | 460763000 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29189000 | BOY |
| EOY | 83580000 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1481636000 | BOY |
| EOY | 1473764000 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
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 | 985598000 | BOY |
| EOY | 986238000 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 591000 | BOY |
| EOY | 301000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 922329000 | BOY |
| EOY | 1216527000 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3865395000 | BOY |
| EOY | 4221173000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4629673000 | BOY |
| EOY | 4637664000 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5044519000 | BOY |
| EOY | 5297554000 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2457891000 | BOY |
| EOY | 2612838000 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12132083000 | BOY |
| EOY | 12548056000 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15997478000 | BOY |
| EOY | 16769229000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -29168000 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 445141000 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| 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) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbying | |
| Total Direct Lobbying | TotalDirectLobbying | |
| Total Lobbying Expenditures | TotalLobbyingExpenditures | |
| Other Exempt Purpose Expenditures | OtherExemptPurposeExpenditures | |
| Total Exempt Purpose Expenditures | TotalExemptPurposeExpenditures | |
| Lobbying Nontaxable | LobbyingNontaxableAmount | |
| Grassroots Nontaxable | GrassrootsNontaxableAmount | |
| Tot Lobbying Grassroot Minus Non Tx | TotLobbyingGrassrootMinusNonTx | |
| Tot Lobby Expend Mns Lobbying Nontx | TotLobbyExpendMnsLobbyingNontx | |
| 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 | $223,922 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | false | RalliesDemonstrations |
| Other Activities | true | OtherActivities |
| Total Lobbying Expenditures IIB | 223922 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | false | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| SCHEDULE C, PART II-B, 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 2012 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. |
| SCHEDULE C, PART II-B, 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. |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| 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 | 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 Minus1 Year CurrentYearMinus1Year
| 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 Minus2 Years CurrentYearMinus2Years
| 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 Minus3 Years CurrentYearMinus3Years
| 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 | 0.29134 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.24437 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.46429 | 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 | 65198000 | OtherCostOrOtherBasis |
| Book Value | 65198000 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3193746000 | OtherCostOrOtherBasis |
| Depreciation | 1014092000 | Depreciation |
| Book Value | 2179654000 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 64299000 | OtherCostOrOtherBasis |
| Depreciation | 375000 | Depreciation |
| Book Value | 63924000 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 220223000 | OtherCostOrOtherBasis |
| Depreciation | 32554000 | Depreciation |
| Book Value | 187669000 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Land Buildings | OtherLandBuildings | |
| Total Of Book Value Land Buildings | 2496445000 | TotalOfBookValueLandBuildings |
| Financial Derivatives | FinancialDerivatives | |
| Closely Held Equity Interests | CloselyHeldEquityInterests |
Other Securities OtherSecurities (8 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| NONCONTROLLING INTERESTS | 304436000 | F |
| FIXED INCOME | 408501000 | F |
| EQUITIES | 5315125000 | F |
| MARKETABLE ALTERNATIVES | 1676886000 | F |
| REAL ESTATE | 2574934000 | F |
| SPLIT INTEREST AGREEMENTS | 121816000 | F |
| OTHER | 1748000 | F |
| INT.RATE, CREDIT & DERIVATIVES | 5002000 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 10408448000 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (5 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| WITHHOLDINGS, DEPOSITS AND OTH | $16,509,000 |
| NONCONTROLLING INTERESTS | $304,436,000 |
| ADVANCE PAYMENTS | $418,081,000 |
| GOVERNMENT ADVANCES | $34,103,000 |
| ACCRUED BENEFITS | $443,398,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1216527000 | TotalOfAmounts |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| PART III, LINE 1A AND LINE 4 | 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. |
| 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 | REGARDING REQUIRED "FIN 48" FINANCIAL STATEMENT DISCLOSURE, ANY UNCERTAIN TAX POSITIONS IN THE FISCAL YEAR ENDED JUNE 30, 2012 WERE IMMATERIAL AND THEREFORE DID NOT REQUIRE A FOOTNOTE. |
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 (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| 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. |
| PART I, LINE 6A | MIT RECEIVES PELL, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY AND PERKINS LOANS. |
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 | 3305219 | ||
| Europe (Including Iceland and Greenland) | Program Services | Subrecipient Agreement | 2661163 | ||
| Middle East and North Africa | Program Services | Subrecipient Agreement | 34267 | ||
| North America | Program Services | Subrecipient Agreement | 220954 | ||
| South Asia | Program Services | Subrecipient Agreement | 611974 | ||
| Sub-Saharan Africa | Program Services | Subrecipient Agreement | 280894 | ||
| Russia and the Newly Independent States | Program Services | Subrecipient Agreement | 34367 | ||
| Central America and the Caribbean | Grantmaking | 76277 | |||
| East Asia and the Pacific | Grantmaking | 204517 | |||
| Europe (Including Iceland and Greenland) | Grantmaking | 33900 | |||
| Middle East and North Africa | Grantmaking | 92119 | |||
| North America | Grantmaking | 84718 | |||
| Russia and the Newly Independent States | Grantmaking | 33900 | |||
| South Asia | Grantmaking | 326362 | |||
| Sub-Saharan Africa | Grantmaking | 76277 | |||
| South America | Grantmaking | 204517 | |||
| East Asia and the Pacific | Fundraising | 664645 | 5 | ||
| Europe (Including Iceland and Greenland) | Fundraising | 470555 | 11 | ||
| Middle East and North Africa | Fundraising | 60135 | |||
| North America | Fundraising | 18151 | 2 | ||
| South America | Fundraising | 67616 | |||
| South Asia | Fundraising | 87648 | 1 | ||
| Sub-Saharan Africa | Fundraising | 40347 | 1 | ||
| Central America and the Caribbean | Program Services | Education/Research | 230559 | 1 | |
| East Asia and the Pacific | Program Services | Education/Research | 11764124 | 43 | 1 |
| Europe (Including Iceland and Greenland) | Program Services | Education/Research | 10317767 | 39 | |
| Middle East and North Africa | Program Services | Education/Research | 1166924 | 5 | |
| North America | Program Services | Education/Research | 872118 | 3 | |
| Russia and the Newly Independent States | Program Services | Education/Research | 1101496 | 1 | |
| South America | Program Services | Education/Research | 778672 | 2 | |
| South Asia | Program Services | Education/Research | 834615 | 2 | |
| Sub-Saharan Africa | Program Services | Education/Research | 694852 | 1 | |
| Central America and the Caribbean | Investments | 1464524000 | |||
| Europe (Including Iceland and Greenland) | Investments | 190193000 | |||
| Middle East and North Africa | Investments | 16000 | |||
| North America | Investments | 2019000 | |||
| Sub-Saharan Africa | Investments | 79462000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Employees | 5 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 1 | ContNumberOfOffices |
| Cont Number Of Employees | 112 | ContNumberOfEmployees |
| Total Number Of Offices | 1 | TotalNumberOfOffices |
| Total Number Of Employees | 117 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 8946070 | SubtotalAmountSpent |
| Cont Amount Spent | 1764719579 | ContAmountSpent |
| Total Amount Spent | 1773665649 | TotalAmountSpent |
Grants To Ind Outside US GrantsToIndOutsideUS (35 entries)
| Type Of AssistanceTypeOfAssistance | RegionRegion | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Manner Of Cash DisbursementMannerOfCashDisbursement | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance | Method Of ValuationMethodOfValuation |
|---|---|---|---|---|---|---|
| PSC Fellowship | Cent. America/Caribbean | 3 | 6630 | CHECK | n/a | n/a |
| PSC Fellowship | East Asia/Pacific | 6 | 20700 | CHECK | n/a | n/a |
| PSC Fellowship | North America | 2 | 3300 | CHECK | n/a | n/a |
| PSC Fellowship | South America | 1 | 2400 | CHECK | n/a | n/a |
| PSC Fellowship | South Asia | 12 | 44700 | CHECK | n/a | n/a |
| PSC Fellowship | Sub-Saharan Africa | 10 | 33468 | CHECK | n/a | n/a |
| MISTI Stipend | East Asia/Pacific | 107 | 560286 | CHECK | n/a | n/a |
| MISTI Stipend | Europe/Iceland/Greenland | 140 | 238616 | CHECK | n/a | n/a |
| MISTI Stipend | Middle East/North Africa | 74 | 310303 | CHECK | n/a | n/a |
| MISTI Stipend | North America | 15 | 19430 | CHECK | n/a | n/a |
| MISTI Stipend | South America | 39 | 192324 | CHECK | n/a | n/a |
| MISTI Stipend | South Asia | 44 | 31500 | CHECK | n/a | n/a |
| Honoraria | East Asia/Pacific | 7 | 9271 | CHECK | n/a | n/a |
| Honoraria | Europe/Iceland/Greenland | 20 | 25606 | CHECK | n/a | n/a |
| Honoraria | Middle East/North Africa | 2 | 6000 | CHECK | n/a | n/a |
| Honoraria | North America | 11 | 6686 | CHECK | n/a | n/a |
| Honoraria | South America | 1 | 3000 | CHECK | n/a | n/a |
| Honoraria | South Asia | 4 | 4001 | CHECK | n/a | n/a |
| Honoraria | Sub-Saharan Africa | 1 | 525 | CHECK | n/a | n/a |
| Prizes & Awards | Cent. America/Caribbean | 2 | 22470 | CHECK | n/a | n/a |
| Prizes & Awards | East Asia/Pacific | 41 | 48942 | CHECK | n/a | n/a |
| Prizes & Awards | Europe/Iceland/Greenland | 29 | 29576 | CHECK | n/a | n/a |
| Prizes & Awards | Middle East/North Africa | 7 | 15143 | CHECK | n/a | n/a |
| Prizes & Awards | Russia | 7 | 5371 | CHECK | n/a | n/a |
| Prizes & Awards | South America | 4 | 6429 | CHECK | n/a | n/a |
| Prizes & Awards | South Asia | 15 | 19900 | CHECK | n/a | n/a |
| Prizes & Awards | Sub-Saharan Africa | 2 | 917 | CHECK | n/a | n/a |
| Fellowships | Cent. America/Caribbean | 2 | 4159 | CHECK | n/a | n/a |
| Fellowships | East Asia/Pacific | 3 | 3989 | CHECK | n/a | n/a |
| Fellowships | Europe/Iceland/Greenland | 19 | 37177 | CHECK | n/a | n/a |
| Fellowships | Middle East/North Africa | 3 | 1171 | CHECK | n/a | n/a |
| Fellowships | North America | 3 | 5000 | CHECK | n/a | n/a |
| Fellowships | Russia | 7 | 12003 | CHECK | n/a | n/a |
| Fellowships | South Asia | 9 | 12246 | CHECK | n/a | n/a |
| Fellowships | Sub-Saharan Africa | 4 | 7451 | CHECK | n/a | n/a |
| 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE F, PART I, LINE 2 | Identifier |
| Explanation | MIT PROVIDES SEVERAL TYPES OF GRANTS AND ASSISTANCE TO FOREIGN INDIVIDUALS. FOR PRIZES AND AWARDS, THE INDIVIDUAL MUST HAVE MET THE SPECIFIC CRITERIA FOR THE PARTICULAR PRIZE OR AWARD TO BE SELECTED. IN THE CASE OF FELLOWSHIPS, THE INDIVIDUAL IS REQUIRED TO UTILIZE THE FUNDS IN FURTHERANCE OF THEIR EDUCATION AT MIT. GRANTS ARE MADE IN THE CONTEXT OF ACADEMIC OR RESEARCH PROGRAMS: RECIPIENTS SPEND THEIR GRANT FUNDS UNDER THE SUPERVISION OF THE PROGRAM AND ARE ACCOUNTABLE THROUGH THE PROGRAM FOR THE USE OF THE FUNDS. SCHEDULE F, PART I, LINE 3 A 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. | Explanation |
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 (4 entries)
| Name Of IndividualNameOfIndividual | ActivityActivity | Fundraiser Control Of FundsFundraiserControlOfFunds | Amount Retained By ContractorAmountRetainedByContractor | Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode |
|---|---|---|---|---|---|---|---|
| MARTS LUNDY INC | FUNDRAISING CONSULTING | false | 269116 | ||||
| Kathleen L Rydar | FUNDRAISING CONSULTING | false | 39123 | ||||
| Mor Associates | FUNDRAISING CONSULTING | false | 39000 | ||||
| Helen E Brown Group | Fundraising Consulting | false | 9100 | 38 Prescott St | Watertown | MA | 02472 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | 356339 | TotalRetainedByContractors |
| Licensed States | MA | LicensedStates |
Form990 Schedule G Part IV Form990ScheduleGPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE G, PART I | Identifier |
| 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 (34 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|
| BETA THETA PI | ||||||
| 119 120 BAYSTATE ROAD | BOSTON | MA | 02215 | 501(c)(7) | 57769 | IRDF Grant |
| CHI PHI | ||||||
| 32 HEREFORD ST | BOSTON | MA | 02139 | 501(c)(7) | 20218 | IRDF Grant |
| DELTA KAPPA EPSILON | ||||||
| 403 MEMORIAL DRIVE | CAMBRIDGE | MA | 02215 | 501(c)(7) | 18997 | IRDF Grant |
| DELTA UPSILON | ||||||
| 526 BEACON ST | BOSTON | MA | 02215 | 501(c)(7) | 21212 | IRDF Grant |
| EPSILON THETA | ||||||
| 259 SAINT PAUL STREET | BROOKLINE | MA | 02446 | 501(c)(7) | 17195 | IRDF Grant |
| MIT STUDENT HOUSE | ||||||
| 111 BAY STATE ROAD | BOSTON | MA | 02215 | 501(c)(7) | 10546 | IRDF Grant |
| PHI BETA EPSILON | ||||||
| 400 MEMORIAL DRIVE | CAMBRIDGE | MA | 02446 | 501(c)(7) | 22988 | IRDF Grant |
| PHI DELTA THETA | ||||||
| 97 BAY STATE ROAD | BOSTON | MA | 02215 | 501(c)(7) | 12757 | IRDF Grant |
| PHI KAPPA SIGMA FRATERNITY | ||||||
| 530 BEACON STREET | BOSTON | MA | 02115 | 501(c)(7) | 42551 | IRDF Grant |
| PHI KAPPA THETA | ||||||
| 229 COMMONWEALTH AVENUE | BOSTON | MA | 02139 | 501(c)(7) | 12214 | IRDF Grant |
| PHI LAMBDA PHI | ||||||
| 450 BEACON ST | BOSTON | MA | 02215 | 501(c)(7) | 25713 | IRDF Grant |
| PIKA | ||||||
| 69 CHESTNUT ST | CAMBRIDGE | MA | 02116 | 501(c)(7) | 6674 | IRDF Grant |
| SIGMA CHI | ||||||
| 532 BEACON STREET | BOSTON | MA | 02215 | 501(c)(7) | 14300 | IRDF Grant |
| SIGMA KAPPA | ||||||
| 480 COMMONWEALTH AVE | BOSTON | MA | 02215 | 501(c)(7) | 13358 | IRDF Grant |
| SIGMA NU | ||||||
| 28 THE FENWAY | BOSTON | MA | 02139 | 501(c)(7) | 71262 | IRDF Grant |
| THETA CHI | ||||||
| 528 BEACON ST | BOSTON | MA | 02215 | 501(c)(7) | 18113 | IRDF Grant |
| THETA DELTA CHI | ||||||
| 372 MEMORIAL DRIVE | CAMBRIDGE | MA | 02215 | 501(c)(7) | 24425 | IRDF Grant |
| WILG | ||||||
| 355 MASS AVE | CAMBRIDGE | MA | 02215 | 501(c)(7) | 7640 | IRDF Grant |
| ALPHA CHI OMEGA | ||||||
| 478 COMMONWEALTH AVE | BOSTON | MA | 02215 | 501(C)(7) | 22109 | IRDF GRANT |
| ALPHA DELTA PHI | ||||||
| 351 MASS AVE | CAMBRIDGE | MA | 02139 | 501(C)(7) | 14726 | IRDF GRANT |
| ALPHA PHI | ||||||
| 479 COMMONWEALTH AVE | BOSTON | MA | 02215 | 501(C)(7) | 74399 | IRDF GRANT |
| DELTA PSI #6 CLUB | ||||||
| 428 MEMORIAL DRIVE | CAMBRIDGE | MA | 02139 | 501(C)(7) | 29917 | IRDF GRANT |
| ALPHA EPSILON PI | ||||||
| 155-165 BAY STATE ROAD | BOSTON | MA | 02115 | 501(C)(7) | 42136 | IRDF GRANT |
| ZETA BETA TAU | ||||||
| 58 MANCHESTER ROAD | BROOKLINE | MA | 02465 | 501(C)(7) | 36321 | IRDF GRANT |
| DELTA TAU DELTA | ||||||
| 416 BEACON STREET | BOSTON | MA | 02215 | 501(C)(7) | 40132 | IRDF GRANT |
| PHI SIGMA KAPPA | ||||||
| 487 COMMONWEALTH AVE | BOSTON | MA | 02215 | 501(C)(7) | 40194 | IRDF GRANT |
| KAPPA SIGMA | ||||||
| 407 MEMORIAL DRIVE | CAMBRIDGE | MA | 02139 | 501(C)(7) | 20149 | IRDF GRANT |
| ZETA PSI | ||||||
| 233 MASS AVE | CAMBRIDGE | MA | 02139 | 501(C)(7) | 46689 | IRDF GRANT |
| NU DELTA | ||||||
| 460 BEACON STREET | BOSTON | MA | 02139 | 501(C)(7) | 34784 | IRDF GRANT |
| THETA XI | ||||||
| 64 BAY STATE ROAD | BOSTON | MA | 02215 | 501(C)(7) | 28528 | IRDF GRANT |
| SIGMA ALPHA EPSILON | ||||||
| 165 BAY STATE ROAD | BOSTON | MA | 02215 | 501(C)(7) | 25297 | IRDF GRANT |
| NUMBER SIX CLUB | ||||||
| 428 MEMORIAL DRIVE | CAMBRIDGE | MA | 02139 | 501(C)(7) | 11832 | IRDF GRANT |
| GUSTAVO DUDAMEL FOUNDATION INC | ||||||
| 409 TAUGHANNOUCK BLVD | ITHACA | NY | 14830 | 501(C)(3) | 75000 | PRIZE OR AWARD |
| SOLID ENERGY | ||||||
| 94 BEACON ST NO 82 | SOMERVILLE | MA | 02143 | 20000 | PRIZE OR AWARD | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 33 | 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 | 8519 | 317783000 | FMV | For Tuition | |
| HONORARIA | 463 | 400511 | |||
| PRIZES AND AWARDS | 973 | 1615229 | |||
| PUBLIC SERVICE CENTER FELLOWSHIPS | 19 | 68235 | |||
| MIT Student Stipiends & Fellowships | 1934 | 33263000 | |||
| Non-MIT Student Fellowships | 424 | 11820000 | |||
| Student Wages | 7920 | 90135000 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE I, PART I, LINE 2 | Identifier |
| 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 (18 entries)
| 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 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JOHN REED | ||||||||||||
| 255220 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5156 | 0 | 260376 | 0 | 0 |
| SUSAN HOCKFIELD | ||||||||||||
| 696054 | 0 | 0 | 346056 | 0 | 41650 | 0 | 116117 | 0 | 1199877 | 0 | 0 | |
| THERESA STONE OUTGOING | ||||||||||||
| 526981 | 0 | 0 | 42515 | 0 | 12250 | 0 | 5067 | 0 | 586813 | 0 | 0 | |
| KIRK KOLENBRANDER | ||||||||||||
| 244266 | 0 | 0 | 0 | 0 | 0 | 31850 | 0 | 28576 | 0 | 304692 | 0 | 0 |
| SETH ALEXANDER | ||||||||||||
| 542576 | 0 | 556449 | 0 | 29000 | 0 | 22050 | 0 | 25866 | 0 | 1175941 | 0 | 0 |
| PHILLIP CLAY FORMER KEY EMPLOYEE | ||||||||||||
| 283856 | 0 | 0 | 34882 | 0 | 12250 | 0 | 19833 | 0 | 350821 | 0 | 0 | |
| R GREGORY MORGAN | ||||||||||||
| 480728 | 0 | 0 | 0 | 63395 | 0 | 36750 | 0 | 31314 | 0 | 612187 | 0 | 0 |
| JEFFREY NEWTON | ||||||||||||
| 374153 | 0 | 0 | 0 | 12460 | 0 | 41650 | 0 | 5179 | 0 | 433442 | 0 | 0 |
| L RAFAEL REIF | ||||||||||||
| 517936 | 0 | 0 | 75196 | 0 | 41650 | 0 | 23503 | 0 | 658285 | 0 | 0 | |
| CLAUDE CANIZARES | ||||||||||||
| 299224 | 0 | 0 | 33665 | 0 | 12250 | 0 | 11753 | 0 | 356892 | 0 | 0 | |
| ERIC EVANS | ||||||||||||
| 384334 | 0 | 0 | 0 | 12630 | 0 | 31850 | 0 | 25058 | 0 | 453872 | 0 | 0 |
| DAVID SCHMITTLEIN | ||||||||||||
| 593365 | 0 | 0 | 140137 | 0 | 36750 | 0 | 6807 | 0 | 777059 | 0 | 0 | |
| NELSON REPENNING | ||||||||||||
| 163646 | 0 | 10000 | 0 | 512125 | 0 | 16164 | 0 | 33395 | 0 | 735330 | 0 | 0 |
| STEVEN MARSH | ||||||||||||
| 391519 | 0 | 277718 | 0 | 7171 | 0 | 31850 | 0 | 25923 | 0 | 734181 | 0 | 0 |
| W ERIC GRIMSON | ||||||||||||
| 250617 | 0 | 0 | 23800 | 0 | 36750 | 0 | 30833 | 0 | 342000 | 0 | 0 | |
| ISRAEL RUIZ INCOMING | ||||||||||||
| 326156 | 0 | 0 | 0 | 5000 | 0 | 22050 | 0 | 24660 | 0 | 377866 | 0 | 0 |
| STEVE EPPINGER | ||||||||||||
| 290583 | 0 | 0 | 391813 | 0 | 31850 | 0 | 29092 | 0 | 743338 | 0 | 0 | |
| RICHARD LOCKE | ||||||||||||
| 317636 | 0 | 0 | 338442 | 0 | 31850 | 0 | 65501 | 0 | 753429 | 0 | 0 | |
Form990 Schedule J Part III Form990ScheduleJPartIII (5 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| 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. 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. 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. 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. THE MIT PRESIDENT IS REQUIRED TO LIVE IN AN MIT OWNED RESIDENCE, ON MIT'S CAMPUS, AS A CONDITION OF HER EMPLOYMENT AND AS A CONVENIENCE TO MIT. MIT PAYS FOR HOUSEKEEPING OF THE PUBLIC AREAS OF THE HOUSE AND MIT INCLUDES IN THE PRESIDENT'S TAXABLE INCOME AN AMOUNT OF EXPENSES RELATING TO HOUSEKEEPING SERVICES FOR THE PORTION OF THE MIT OWNED RESIDENCE USED BY THE PRESIDENT'S FAMILY AS THEIR PRIVATE RESIDENCE. |
| SCHEDULE J, PART I, LINE 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. |
| SCHEDULE J, PART II | 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 EPPINGER, LOCKE, REPENNING AND SCHMITTLEIN. SCHEDULE J, PART II, COLUMN (C) DOES NOT INCLUDE $145,000 OF INCENTIVE COMPENSATION FOR MR. ALEXANDER AND $62,946 OF INCENTIVE COMPENSATION FOR MR. MARSH AWARDED IN JANUARY 2011. THESE AMOUNTS CAN INCREASE OR DECREASE DEPENDING ON THE PERFORMANCE OF THE ENDOWMENT AND ARE CONTINGENT ON CONTINUED EMPLOYMENT BY MIT. |
| SCHEDULE J, PART II; FORM 990, PART VII | THE INDIVIDUALS DISCLOSED IN PART VII OF FORM 990 OFTEN DEVOTE MORE HOURS TO THEIR POSITION THAN THE NUMBER OF HOURS LISTED, WHICH REPRESENT ESTIMATES OF AVERAGE HOURS. INDIVIDUALS WHO ARE ALSO ON THE BOARDS OF MIT'S SUBSIDIARIES AND RELATED ORGANIZATIONS WORK ON AVERAGE 1-2 HOURS PER WEEK IN ADDITION TO THE HOURS LISTED IN COLUMN (B) OF FORM 990, PART VII. |
| PRESIDENT SUSAN HOCKFIELD | AS MIT HAS REPORTED IN PRIOR YEARS, MIT PAYS AN AMOUNT ANNUALLY INTO AN ACCOUNT FOR THE BENEFIT OF THE PRESIDENT. MIT PAID $125,000 INTO THAT ACCOUNT IN CALENDAR YEAR 2011. SHE CANNOT ACCESS THAT ACCOUNT BEFORE SHE CEASES SERVING AS MIT'S PRESIDENT OR HAS SERVED FOR 10 YEARS. IN ADDITION, THE PRESIDENT VESTED IN A PORTION OF A DEFERRED ANNUITY IN CALENDAR YEAR 2011 FOR WHICH PAYMENTS WILL BEGIN IN CALENDAR YEAR 2016. THE VALUE OF THE VESTED PORTION OF THE ANNUITY WAS RECORDED IN CALENDAR YEAR 2011. IN THIS FORM 990, THESE AMOUNTS ARE INCLUDED AS "OTHER REPORTABLE COMPENSATION" (SCHEDULE J, PART II, COLUMN (B)(III)) AS REQUIRED BY IRS REGULATION. MIT REQUIRES THE PRESIDENT TO LIVE IN AN MIT-OWNED HOME IN CAMBRIDGE, ON THE MIT CAMPUS, AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE UNIVERSITY. 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 $70,000. MIT PAYS FOR HOUSEKEEPING OF THE PUBLIC AREAS OF THE HOUSE AND MIT INCLUDES IN THE PRESIDENT'S TAXABLE INCOME AN AMOUNT OF EXPENSES RELATING TO HOUSEKEEPING SERVICES FOR THE PORTION OF THE MIT OWNED RESIDENCE USED BY THE PRESIDENT'S FAMILY AS THEIR PRIVATE RESIDENCE. |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| Massachusetts Health & Educational Fac | |||||||
| 042456011 | 57585K3G1 | 2003-05-07 | 204790814 | CONSTRUCTION/RENOVATION/REFUND | false | false | false |
| Massachusetts Health & Educational Fac | |||||||
| 042456011 | 57586CBP9 | 2004-04-02 | 150854243 | CONSTRUCTION AND RENOVATION | false | false | false |
| Massachusetts Health & Educational Fac | |||||||
| 042456011 | 57586C8G3 | 2008-08-13 | 334995460 | CONSTRUCTION AND RENOVATION | false | false | false |
| Massachusetts Health & Educational Fac | |||||||
| 042456011 | 57586ECM1 | 2008-12-10 | 274996289 | CONSTRUCTION AND RENOVATION | false | false | false |
Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 17190000 | 0 | 205361235 | 0 | 0 | 0 | 1040170 | 0 | 0 | 204321064 | 0 | 0 | 2005 | true | false | true | true |
| 0 | 0 | 151599210 | 0 | 0 | 0 | 854243 | 0 | 0 | 150744967 | 0 | 0 | 2005 | false | false | true | true |
| 0 | 0 | 336035127 | 0 | 0 | 0 | 1575675 | 0 | 0 | 334459512 | 0 | 0 | 2010 | false | false | true | true |
| 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)
| 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 | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|---|---|
| false | false | true | false | true | false | 0.02698 | 0.00000 | 0.02698 | true |
| false | false | true | false | true | false | 0.02809 | 0.00000 | 0.02809 | true |
| false | false | true | false | true | false | 0.02568 | 0.00000 | 0.02568 | true |
| false | false | true | false | true | false | 0.03992 | 0.00000 | 0.03992 | true |
Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Business Name Line1NameOfGICProvider/BusinessNameLine1 | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|---|
| 0 | ||||||
| false | false | false | false | 0 | false | true |
| 0 | ||||||
| false | false | false | false | 0 | false | true |
| 0 | ||||||
| false | false | false | false | 0 | false | true |
| 0 | ||||||
| false | false | false | false | 0 | false | true |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fed Tax Requirements Compliance | X | FedTaxRequirementsCompliance |
Form990 Schedule K Part VI Form990ScheduleKPartVI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SEE SCHEDULE O. NOTE ALSO THAT IT IS MIT'S POLICY TO COMPLY WITH THE | Identifier |
| Return Reference | SAFE HARBORS OF REV PROCS 07-47 AND 97-13. | ReturnReference |
Schedule L IRS990ScheduleL
Loan Table LoanTable (4 entries)
| Purpose Of LoanPurposeOfLoan | Loan From OrganizationLoanFromOrganization | Original PrincipalOriginalPrincipalAmount | Balance DueBalanceDue | DefaultDefault | Approved By BoardApprovedByBoard | Written AgreementWrittenAgreement |
|---|---|---|---|---|---|---|
| R GREGORY MORGAN | ||||||
| MORTGAGE | X | $200,000 | 40000 | false | true | true |
| DAVID SCHMITTLEIN | ||||||
| MORTGAGE | X | $250,000 | 50000 | false | true | true |
| RICHARD LOCKE | ||||||
| MORTGAGE | X | $300,000 | 300000 | false | true | true |
| SUSAN HOCKFIELD | ||||||
| MORTGAGE | X | $500,000 | 500000 | false | true | true |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 890000 | TotalBalanceDue |
Form990 Schedule L Part III Form990ScheduleLPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Interested Person | Children's Scholarship | NameOfInterestedPerson |
| Relationship With Organization | Children of Qualified Faculty | RelationshipWithOrganization |
| Amount Of Grant | 26310 | AmountOfGrant |
| Type Of Assistance | Scholarship | TypeOfAssistance |
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | SEE PART V | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sharing Of Revenues | false | SharingOfRevenues |
Form990 Schedule L Part V Form990ScheduleLPartV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| 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 | 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 $3,003,421. L. RAFAEL REIF IS THE PROVOST OF MIT AND A MEMBER OF THE BOARD OF SCHLUMBERGER LIMITED. MIT RECEIVED INDUSTRIAL LIASION PROGRAM MEMBERSHIP PAYMENT FROM SCHLUMBERGER LIMITED IN THE AMOUNT OF $60,000. MIT ALSO RECEIVED SPONSORED RESEARCH REVENUE FROM SCHLUMBERGER LIMITED IN THE AMOUNT OF $1,396,972. 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 $126,730. MIT ALSO RECEIVED SPONSORED RESEARCH REVENUE FROM ANALOG DEVICES, INC.IN THE AMOUNT OF $259,375. 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 $49,227. MIT RECEIVED SPONSORED RESEARCH REVENUE IN THE AMOUNT OF $863,438 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 2012, THEY RECEIVED COMPENSATION AND BENEFITS IN THE AMOUNTS OF $147,134, $210,608 AND $190,145 RESPECTIVELY. |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 46 | NumberOfContributions |
| Method Of Determining Revenues | N/A | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest |
Books And Publications BooksAndPublications
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Method Of Determining Revenues | N/A | MethodOfDeterminingRevenues |
Clothing And Household Goods ClothingAndHouseholdGoods
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Method Of Determining Revenues | N/A | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cars And Other Vehicles | CarsAndOtherVehicles | |
| Boats And Planes | BoatsAndPlanes | |
| Intellectual Property | IntellectualProperty |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 623 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 12621000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | SELLING PRICE | MethodOfDeterminingRevenues |
Securities Closely Held Stock SecuritiesCloselyHeldStock
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 13 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 10043000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | SELL PRICE/APPRAISAL | MethodOfDeterminingRevenues |
Securities Prtnrshp Trust Intrsts SecuritiesPrtnrshpTrustIntrsts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 6 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 1447000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | SELL PRICE/APPRAISAL | MethodOfDeterminingRevenues |
Securities Miscellaneous SecuritiesMiscellaneous
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 9 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 39000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | SELL PRICE/APPRAISAL | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther | |
| Real Estate Residential | RealEstateResidential | |
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther | |
| Collectibles | Collectibles |
Food Inventory FoodInventory
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Method Of Determining Revenues | N/A | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts |
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 | 8 | 394000 | FAIR MARKET VALUE |
| X | Archival Records | 7 | 0 | N/A |
| X | OTHER | 4 | 0 | N/A |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 3 | 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 (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| PART I, LINES 1 - 28 | The number listed in Part I, column (b) for applicable lines 1 through 28 represent the number of contributions. 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. |
| PART I, LINE 33 | MIT RECORDS ITEMS OF COLLECTIONS AS A GIFT AT NOMINAL VALUE. THEY ARE RECEIVED FOR EDUCATIONAL PURPOSES AND GENERALLY DISPLAYED THROUGHOUT MIT. THEY ARE NOT DISPOSED OF FOR FINANCIAL GAIN OR OTHERWISE ENCUMBERED IN ANY MANNER. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (13 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| PART III, LINE 4B (CONTINUED) | MIT LINCOLN LABORATORY IS A FEDERALLY FUNDED RESEARCH AND DEVELOPMENT CENTER OPERATED BY MIT IN LEXINGTON, MASSACHUSETTS, UNDER SPONSORSHIP OF THE DEPARTMENT OF DEFENSE, FOR THE PURPOSE OF APPLYING ADVANCED TECHNOLOGY TO PROBLEMS OF NATIONAL SECURITY. IN THE FISCAL YEAR ENDED JUNE 30, 2012, MIT LINCOLN LABORATORY EXPENDED RESEARCH FUNDING OF APPROXIMATELY $850 MILLION. PART III, LINE 4D 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. PART IV, LINE 20A MIT NO LONGER OPERATED A HOSPITAL FACILITY IN FISCAL YEAR 2012. THE MASSACHUSETTS DEPARTMENT OF PUBLIC HEALTH ISSUED A NEW CLINIC LICENSE FOR MITS SCHOOL INFIRMARY, MIT MEDICAL, EFFECTIVE IN FISCAL YEAR 2011. AS A RESULT OF THE CHANGE IN MIT MEDICALS LICENSE FROM THAT OF A HOSPITAL TO THAT OF A CLINIC, MIT IS NOT REQUIRED TO FILE A SCHEDULE H FOR FISCAL YEAR 2012. | |
| PART V, LINE 4B | NAMES OF FOREIGN COUNTRIES: ARGENTINA, BERMUDA, BRAZIL, CAYMAN ISLANDS, CHILE, GUERNSEY, HUNGARY, INDIA, ISRAEL, JORDAN, REPUBLIC OF KOREA, MALAYLSIA, PHILIPPINES, ROMANIA, SINGAPORE, TAIWAN, THAILAND, TURKEY, UNITED KINGDOM | |
| 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, and controls, special contract services, and faculty tenure decision approval. THE EXECUTIVE COMMITTEE CONSISTS OF 12 MEMBERS AND MEETS 10 TIMES EACH YEAR. THE MIT CORPORATION IS A BODY CURRENTLY COMPRISED OF 72 INDIVIDUALS (REFERRED TO AS MEMBERS OF THE CORPORATION), INCLUDING DISTINGUISHED LEADERS IN SCIENCE, ENGINEERING, INDUSTRY, EDUCATION AND PUBLIC SERVICE. CONSISTENT WITH THE MIT BYLAWS, THE CORPORATION MEMBERS ACT AS STEWARDS OF THE PUBLIC TRUST TO PRESERVE MIT'S MISSION. THE CORPORATION MEETS 4 TIMES EACH YEAR. RECOGNIZING THE SPECIFIC OVERSIGHT RESPONSIBILITY OF THE EXECUTIVE COMMITTEE FOR MIT'S OPERATIONS, MIT TREATS THE EXECUTIVE COMMITTEE AS MIT'S GOVERNING BODY FOR PURPOSES OF RESPONDING TO THE FORM 990. | |
| 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 | CLAUDE R. 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. SETH ALEXANDER IS THE TREASURER AND STEVEN MARSH IS A MEMBER OF THE MIT PRIVATE EQUITY FUNDS. | |
| PART VI, 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. | |
| PART VI, 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. | |
| PART VI, LINE 11 | 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 AUDIT COMMITTEE AND EXECUTIVE COMMITTEE (MIT'S GOVERNING BODY) ARE PROVIDED WITH THE FORM AND RELATED SCHEDULES FOR THEIR REVIEW AND COMMENT. | |
| PART VI, 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 AD HOC BASIS. UNDER THE POLICY CONCERNING AVOIDANCE OF CONFLICTS OF INTEREST, IF A MATTER COMES BEFORE THE CORPORATION OR EXECUTIVE COMMITTEE THAT INVOLVES A PERSONAL OR BUSINESS OR OTHER FINANCIAL INTEREST OF A MEMBER OR OFFICER OF THE CORPORATION OR A MEMBER OF HIS OR HER IMMEDIATE FAMILY, THE INDIVIDUAL IS REQUIRED TO DISCLOSE THE INTEREST, REFRAIN FROM PARTICIPATING IN THE DISCUSSION OF THE MATTER, EXCEPT AS NECESSARY TO ANSWER QUESTIONS ASKED BY THE OTHER CORPORATION OR EXECUTIVE COMMITTEE MEMBERS, AND REFRAIN FROM VOTING AND BEING PRESENT WHEN THE VOTE WAS TAKEN. IF THE MATTER INVOLVES ONGOING DECISION MAKING OR INVOLVEMENT, THE CORPORATION OR EXECUTIVE COMMITTEE CONTINUES TO MONITOR AND MANAGE THE CONFLICT. WITH RESPECT TO OFFICERS, MIT RELIES UPON A COMBINATION OF THE ANNUAL DISCLOSURES, THE OFFICERS' OBLIGATIONS TO DEVOTE THEIR FULL TIME AND EFFORT TO THE INSTITUTE, THE OFFICERS' FIDUCIARY OBLIGATION TO THE INSTITUTE AND THE OFFICERS' JUDGMENT TO ENSURE THAT CONFLICTS ARE IDENTIFIED. IF A CONFLICT IS IDENTIFIED, THE CONFLICT IS EITHER ELIMINATED OR MANAGED. | |
| PART VI, LINE 15 | 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. | |
| PART VI, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE ON MIT'S WEBSITE HTTP://WEB.MIT.EDU. PART XI, LINE 5 THE OTHER CHANGES IN NET ASSETS INCLUDES INVESTMENT GAINS NOT DISTRIBUTED. | |
| SCHEDULE K, PART I, LINE A | DETAILS OF REFUNDED BOND ISSUES HEFA SERIES L BOND (ISSUED MAY 7, 2003) REFUNDED HEFA SERIES H BOND ISSUED ON APRIL 6, 1993. HEFA SERIES H BOND WAS USED FOR CONSTRUCTION AND TO REFUND HEFA SERIES D BOND ISSUED MAY 14, 1980. SCHEDULE K, PART III, LINE 3B & 3D MIT routinely reviews research agreements relating to its bond-financed property for private business use, using either in-house counsel, outside counsel, or professional contract reviewers who have extensive experience with respect to the private business use rules and the safe harbors set forth in Rev. Proc. 2007-47 and Rev. Proc. 97-13. SCHEDULE K, PART III, LINE 4 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. | |
| OTHER EXPENSES | DESCRIPTION:ALL OTHER EXPENSES TOTAL EXPENSES:XXX-XX-XXXX PROGRAM SERVICES:XXX-XX-XXXX MANAGEMENT AND GENERAL:XXX-XX-XXXX FUNDRAISING:1714000 | FORM 990 PART IX |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI (41 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 | 02142 | 810643869 | Real Estate | MA | 2018980 | 55775000 | MIT |
| Technology Square Finance LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 810643894 | Real Estate | MA | -9594 | 669145 | MIT |
| MIT One Broadway LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 042103594 | Real Estate | MA | 6675757 | 120000000 | MIT |
| MIT 130 Brookline LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 042103594 | Real Estate | MA | 0 | 1659655 | MIT |
| MIT Vassar Holdings LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 042103594 | Real Estate | MA | -121446 | 0 | MIT |
| Tech Square JV LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 205242541 | Real Estate | MA | 1817509 | 53140000 | MIT |
| MIT 600 Memorial Drive LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 042103594 | Real Estate | MA | 0 | 0 | MIT |
| MIT 170171 Sidney LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 042103594 | Real Estate | MA | 121138 | 2880000 | MIT |
| MIT 300 Third LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 042103594 | Real Estate | MA | 773454 | 17970000 | MIT |
| MIT 770790 Memorial LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 042103594 | Real Estate | MA | 574904 | 13320000 | MIT |
| MIT 99 Erie LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 042103594 | Real Estate | MA | 127707 | 3025000 | MIT |
| MIT 128 Sidney SPE LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 042103594 | Real Estate | MA | 2083682 | 21000000 | MIT |
| MIT 148 Sidney SPE LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 042103594 | Real Estate | MA | 557611 | 8000000 | MIT |
| MIT 149 Sidney SPE LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 042103594 | Real Estate | MA | 1359001 | 17850000 | MIT |
| MIT 185 Albany SPE LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 042103594 | Real Estate | MA | 0 | 0 | MIT |
| MIT 195 Albany SPE LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 042103594 | Real Estate | MA | -633716 | 10000000 | MIT |
| MIT 207 Albany SPE LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 042103594 | Real Estate | MA | -51007 | -4000000 | MIT |
| MIT 640 Memorial SPE LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 042103594 | Real Estate | MA | 10 | 198 | MIT |
| MIT One Broadway Fee Owner LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 042103594 | Real Estate | MA | 120 | 2360 | MIT |
| MIT 128 Sidney Leasehold LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 042103594 | Real Estate | MA | 120 | 2360 | MIT |
| MIT 148 Sidney Leasehold LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 042103594 | Real Estate | MA | 120 | 2355 | MIT |
| MIT 149 Sidney Leasehold LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 042103594 | Real Estate | MA | 120 | 2355 | MIT |
| 177 Massachusetts Avenue Leasehold LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 042103594 | Real Estate | MA | 10 | 197 | MIT |
| MIT West 300 Block JV LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 042103594 | Real Estate | MA | 0 | 270514 | MIT |
| 650 Main Street Leasehold LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 042103594 | Real Estate | MA | 120 | 2360 | MIT |
| MIT 177 Massachusetts Avenue LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 042103594 | Real Estate | MA | 6722660 | 217100000 | MIT |
| MIT 650 Main Street LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 042103594 | Real Estate | MA | 141270 | 62336832 | MIT |
| MIT East 300 Block JV LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 042103594 | Real Estate | MA | -92 | 921176 | MIT |
| MIT 8 Carleton Street LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 042103594 | Real Estate | MA | -264654 | 1700000 | MIT |
| MIT 640 Memorial Leasehold LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 461548002 | Real Estate | MA | 1520872 | 107500000 | MIT |
| MIT 424-456 Massachusetts Avenue LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 042103594 | Real Estate | MA | 294981 | 5600000 | MIT |
| 424-456 Massachusetts Avenue Leasehold L | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 042103594 | Real Estate | MA | 10 | 198 | MIT |
| MIT 281-295 Albany Street LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 042103594 | Real Estate | MA | 855950 | 16000000 | MIT |
| 281-295 Albany Street Leasehold LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 042103594 | Real Estate | MA | 10 | 199 | MIT |
| Meadowlark Associates LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | Cambridge | MA | 02142 | 042103594 | Investments | MA | 26229400 | 133140710 | MIT |
| MIT PRIVATE EQUITY MANAGEMENT Co II LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | Cambridge | MA | 02142 | Investments | MA | -160097 | 237 | MIT | |
| MIT PRIVATE EQUITY MANAGEMENT Co III LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | Cambridge | MA | 02142 | Investments | MA | -281820 | 287 | MIT | |
| Blue Jay Associates LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | Cambridge | MA | 02142 | Investments | MA | MIT | |||
| 12 Emily Street Leasehold LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | Cambridge | MA | 02142 | 042103594 | Real Estate | MA | 0 | 0 | MIT |
| MIT 12 Emily Street LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | Cambridge | MA | 02142 | 042103594 | Real Estate | MA | 857139 | 12000000 | MIT |
| MIT West 300Block Mass Ave Fee Owner LLC | |||||||||
| C/O MIT 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 042103594 | REAL ESTATE | MA | 0 | 0 | MIT |
Form990 Schedule R Part II Form990ScheduleRPartII (9 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Controlled OrgControlledOrg | Direct Controlling Entity NADirectControllingEntityNA |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MIT ENTERPRISE FORUM INC | |||||||||||
| 77 MASSACHUSETTS AVENUE | CAMBRIDGE | MA | 02139 | 042921492 | EDUCATION | MA | 501(c)(3) | 11A Type I | MIT | true | |
| MIT REAL ESTATE FOUNDATION INC | |||||||||||
| 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 043397800 | REAL ESTATE | MA | 501(c)(3) | 11A TYPE I | MIT | true | |
| TECHNOLOGY REVIEW INC | |||||||||||
| ONE MAIN STREET 7TH FLOOR | CAMBRIDGE | MA | 02142 | 954893200 | PUBLICATION | MA | 501(c)(3) | 11A Type I | MIT | true | |
| TECHNOLOGY BROADCASTING CORPORATION | |||||||||||
| 3 AMES STREET | CAMBRIDGE | MA | 02142 | 237154684 | RADIO | MA | 501(c)(3) | LINE 9 | MIT | true | |
| LORD FOUNDATION OF MASSACHUSETTS INC | |||||||||||
| 238 MAIN STREET SUITE 200 | CAMBRIDGE | MA | 02142 | 042748895 | MIT SUPPORT | MA | 501(c)(3) | 11A Type I | MIT | true | |
| MIT RETIREE WELFARE BENEFIT TRUST | |||||||||||
| 77 MASSACHUSETTS AVE NE49-31 | CAMBRIDGE | MA | 02139 | 043177556 | HEALTH BEN. | MA | 501(c)(3) | 11A Type I | MIT | true | |
| KENDALL PARTNERS I INC | |||||||||||
| 238 MAIN ST STE 200 | CAMBRIDGE | MA | 02142 | 270565900 | TITLE HOLD | MA | 501(c)(2) | MIT | true | ||
| The Massachusetts Green High Performance | |||||||||||
| 100 Bigelow Street | Holyoke | MA | 01040 | 273014805 | Research | MA | 501(c)(3) | 11A Type I | false | N/A | |
| MGHPCC Holyoke Inc | |||||||||||
| 100 Bigelow Street | Holyoke | MA | 01040 | 452257442 | Research | MA | 501(c)(3) | 11A Type I | false | N/A | |
Form990 Schedule R Part III Form990ScheduleRPartIII (16 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 | General Or Managing PartnerGeneralOrManagingPartner | Percentage OwnershipPercentageOwnership | Legal Domicile StateLegalDomicileState | Code VCodeVAmount | Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Alchemy PlanA (Cambridge) LP | |||||||||||||||
| 980203250 | INVESTMENTS | GK | MIT | EXCLUDED | 4753467 | 27935215 | false | false | 0.99010 | ||||||
| Mallard Fund LP | |||||||||||||||
| 208974201 | INVESTMENTS | MIT | Excluded | 26229400 | 133140710 | false | false | 0.99413 | TX | ||||||
| Wexford Special Situations 1997 Institu | |||||||||||||||
| 061483925 | INVESTMENTS | MIT | Excluded | 1208061 | 2627241 | false | false | 0.55417 | DE | $96,848 | |||||
| Wexford-MIT Energy LP | |||||||||||||||
| 800057801 | INVESTMENTS | MIT | Excluded | 107165 | 5581544 | false | false | 0.66867 | DE | -$1,721,213 | |||||
| Wexford-MIT Energy II LP | |||||||||||||||
| 760787877 | INVESTMENTS | MIT | Excluded | 9182338 | 21953918 | false | false | 0.90900 | DE | -$1,363,460 | |||||
| India Institutional Fund LLC | |||||||||||||||
| 980442802 | INVESTMENTS | MIT | Excluded | 906356 | 19626756 | false | false | 0.86176 | DE | ||||||
| Wexford-MIT Distressed LP | |||||||||||||||
| 113650262 | INVESTMENTS | MIT | Excluded | 2954476 | 21521072 | false | false | 0.67022 | DE | $961,259 | |||||
| MIT Investments 2009 LP | |||||||||||||||
| 270896088 | INVESTMENTS | MIT | Excluded | 13955047 | 607290950 | false | true | 0.91572 | DE | -$1,879,562 | |||||
| Stockbridge Fund M LP | |||||||||||||||
| 272122022 | INVESTMENTS | MIT Invest 2010 | Excluded | 1083393 | 75693060 | false | false | 0.99895 | MA | ||||||
| MIT Investments 2010 LP | |||||||||||||||
| 270542081 | INVESTMENTS | MIT | excluded | 48593538 | 1558554467 | false | true | 1.00000 | DE | -$27,344 | |||||
| MD Investors Value Fund | |||||||||||||||
| 300615514 | Investments | MIT Invest 2010 | Excluded | 10166491 | 103015182 | false | false | 0.97230 | DE | ||||||
| Merckx Capital Partners LP | |||||||||||||||
| 364711803 | INVESTMENTS | MIT Invest 2010 | EXCLUDED | 105705 | 51176148 | false | false | 0.90622 | DE | ||||||
| MFPLA LP | |||||||||||||||
| 453203773 | INVESTMENTS | MIT Invest 2010 | Excluded | 26764 | 100316056 | false | false | 0.99800 | DE | ||||||
| MGPLA LP | |||||||||||||||
| 453625653 | INVESTMENTS | MIT Invest 2010 | Excluded | 58148 | 33273848 | false | false | 0.99910 | DE | ||||||
| MIT PRIVATE EQUITY MGMT CO LLC | |||||||||||||||
| 043490002 | Investments | MIT | Unrelated | 126147 | 114102 | false | true | 0.50000 | MA | $126,147 | C/O MIT 238 MAIN STREET SUITE 200 | Cambridge | MA | 02142 | |
| MIT PRIVATE EQUITY MANAGEMENT CO IV LLC | |||||||||||||||
| 261356780 | Investments | MIT | Unrelated | 26942 | 43524 | false | true | 0.50000 | MA | $26,942 | C/O MIT 238 MAIN STREET SUITE 200 | Cambridge | MA | 02142 | |
Form990 Schedule R Part IV Form990ScheduleRPartIV (15 entries)
| Primary ActivityPrimaryActivity | Legal Domicile Foreign CountryLegalDomicileForeignCountry | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Type Of EntityTypeOfEntity | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Percentage OwnershipPercentageOwnership | Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | Legal Domicile StateLegalDomicileState | Direct Controlling Entity NADirectControllingEntityNA | Address Line1AddressForeign/AddressLine1 | CountryAddressForeign/Country | Postal CodeAddressForeign/PostalCode | CityAddressForeign/City |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BARTON INSURANCE CO LTD | ||||||||||||||||
| INSURANCE | BD | MIT | Foreign CORP | 2455726 | 8396778 | 1.00000 | ||||||||||
| MIT PRESS LIMITED | ||||||||||||||||
| PUBLICATION | UK | MIT | Foreign CORP | 1627903 | 1524254 | 1.00000 | ||||||||||
| SINGAPORE-MIT ALLIANCE FOR RES AND TECH | ||||||||||||||||
| RESEARCH | SN | MIT | Foreign CORP | 0 | 32874300 | 1.00000 | ||||||||||
| MITPATRON GP LIMITED | ||||||||||||||||
| INVESTMENTS | UK | MIT | Foreign CORP | 0 | 0 | 1.00000 | ||||||||||
| Bose Corporation | ||||||||||||||||
| Prodct Develp | NA | C Corp | The Mountain | Framingham | MA | 01701 | DE | |||||||||
| Charitable Remainder Trusts (272) | ||||||||||||||||
| Investments | Trust | MA | N/A | |||||||||||||
| Charitable Lead Trust | ||||||||||||||||
| Investments | Trust | MA | N/A | |||||||||||||
| Pooled Income Funds (197) | ||||||||||||||||
| Investments | Trust | MA | N/A | |||||||||||||
| Charitable Remainder Trusts (23) | ||||||||||||||||
| Investments | Trust | N/A | ||||||||||||||
| Outside Perpetual Trusts (18) | ||||||||||||||||
| Investments | Trust | N/A | ||||||||||||||
| The Gallinule Fund | ||||||||||||||||
| Investments | CJ | MIT Invest 2010 | Foreign Corp | -1369996 | 291512555 | 1.00000 | PO Box 309 Ugland Houuse | CJ | KY1-1104 | |||||||
| Gaoling Feeder II LTD | ||||||||||||||||
| Investments | CJ | MIT | Foreign Corp | 39827760 | 370159624 | 1.00000 | PO Box 908GT Mary Street | CJ | KY1-9005 | Georgetown | ||||||
| MIT India Trust | ||||||||||||||||
| Education Sup | IN | MIT | Foreign Trust | 1.00000 | Pirojshanager Eastern Express Hwy | IN | 400079 | Mumbai | ||||||||
| MITPatron Scotland LP | ||||||||||||||||
| Investments | UK | MIT | Foreign CORP | -548000 | 15457000 | 1.00000 | ||||||||||
| India Institutional Fund Limited | ||||||||||||||||
| Investments | MP | India Inst LLC | Foreign Corp | -10768381 | 19644586 | 0.86176 | IFS Court 28 Cybercity | MP | Ebene | |||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | 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 |
| 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 (10 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| SINGAPORE-MIT ALLIANCE FOR RESEARCH AND TECH | ||
| C | 3336000 | CASH |
| TECHNOLOGY REVIEW INC | ||
| D | 3129000 | CASH |
| MIT PRESS LTD | ||
| L | 589000 | CASH |
| TECHNOLOGY REVIEW INC | ||
| O | 1669000 | CASH |
| SINGAPORE-MIT ALLIANCE FOR RESEARCH AND TECH | ||
| P | 4570000 | CASH |
| BARTON INSURANCE CO LTD | ||
| Q | 1587000 | CASH |
| LORD FOUNDATION OF MASSACHUSETTS INC | ||
| Q | 934000 | CASH |
| MIT PRESS LTD | ||
| R | 188000 | CASH |
| LORD FOUNDATION OF MASSACHUSETTS INC | ||
| R | 1585000 | CASH |
| MIT REAL ESTATE FOUNDATION Inc | ||
| R | 2172000 | CASH |
Form990 Schedule R Part VII Form990ScheduleRPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | BOSE CORPORATION | Identifier |
| Return Reference | SCHEDULE R, PART IV | 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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