MASSACHUSETTS INSTITUTE OF TECHNOLOGY: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
MASSACHUSETTS INSTITUTE OF TECHNOLOGY (EIN 04-2103594)
Tax period
2010-07-01 to 2011-06-30
Filed
2012-05-11
IRS object ID
201221329349301752
Schema version
2010v3.7
Source
Download XML · Original 990 at ProPublica

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

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2012-05-11T11:14:00-04:00Timestamp
Tax Period End Date2011-06-30TaxPeriodEndDate
Return Type990ReturnType
Tax Period Begin Date2010-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN042103594EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1Massachusetts Institute of TechnologyBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlMASSNameControl
Phone6172532777Phone

US Address USAddress

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

Officer Officer

FieldValueIRS element (for citing)
NameISRAEL RUIZName
TitleEXEC. VP & TREASURERTitle
Date Signed2012-05-09DateSigned
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonSUSAN HOCKFIELDNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line177 MASSACHUSETTS AVENUEAddressLine1
CityCambridgeCity
StateMAState
ZIP Code02139ZIPCode
FieldValueIRS element (for citing)
Gross Receipts43695290000GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteHTTP://WEB.MIT.EDUWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1861YearFormation
State Legal DomicileMAStateLegalDomicile
Activity Or Mission DescriptionTHE MISSION OF MIT IS TO ADVANCE KNOWLEDGE AND EDUCATE STUDENTS IN SCIENCE, TECHNOLOGY, AND OTHER AREAS OF SCHOLARSHIP THAT WILL BEST SERVE THE NATION AND THE WORLD IN THE 21ST CENTURY.ActivityOrMissionDescription
Nbr Voting Members Governing Body11NbrVotingMembersGoverningBody
Nbr Independent Voting Members7NbrIndependentVotingMembers
Total Nbr Employees20665TotalNbrEmployees
Total Nbr Volunteers8478TotalNbrVolunteers
Total Gross UBI-3929000TotalGrossUBI
Net Unrelated Business Txbl Income-6111466NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year688550000ContributionsGrantsPriorYear
Contributions Grants Current Year970793000ContributionsGrantsCurrentYear
Program Service Revenue Prior Year1541222000ProgramServiceRevenuePriorYear
Program Service Revenue CY1656130000ProgramServiceRevenueCY
Investment Income Prior Year256015000InvestmentIncomePriorYear
Investment Income Current Year494038000InvestmentIncomeCurrentYear
Other Revenue Prior Year241278000OtherRevenuePriorYear
Other Revenue Current Year371350000OtherRevenueCurrentYear
Total Revenue Prior Year2727065000TotalRevenuePriorYear
Total Revenue Current Year3492311000TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year398521000GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY426813000GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year1141615000SalariesEtcPriorYear
Salaries Etc Current Year1134414000SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year245000TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY449000TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year25220000TotalFundrsngExpCurrentYear
Other Expense Prior Year1386448000OtherExpensePriorYear
Other Expenses Current Year1236251000OtherExpensesCurrentYear
Total Expenses Prior Year2926829000TotalExpensesPriorYear
Total Expenses Current Year2797927000TotalExpensesCurrentYear
Revenues Less Expenses Prior Year-199764000RevenuesLessExpensesPriorYear
Revenues Less Expenses CY694384000RevenuesLessExpensesCY
Total Assets BOY13371065000TotalAssetsBOY
Total Assets EOY15997478000TotalAssetsEOY
Total Liabilities BOY3021352000TotalLiabilitiesBOY
Total Liabilities EOY3865395000TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY10349713000NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY12132083000NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Mission DescriptionTHE MISSION OF MIT IS TO ADVANCE KNOWLEDGE AND EDUCATE STUDENTS IN SCIENCE, TECHNOLOGY, AND OTHER AREAS OF SCHOLARSHIP THAT WILL BEST SERVE THE NATION AND THE WORLD IN THE 21ST CENTURY.MissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangefalseSignificantChange
Expense659839000Expense
Grants95006000Grants
Revenue534883000Revenue
DescriptionINSTRUCTION AND UNSPONSORED RESEARCH: MIT IS COMMITTED TO PROVIDING A WORLD-CLASS EDUCATION TO OUR APPROXIMATELY 4,300 UNDERGRADUATES AND APPROXIMATELY 6,300 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

FieldValueIRS element (for citing)
Expense1242491000Expense
Revenue1227087000Revenue
DescriptionSPONSORED RESEARCH: MIT'S CAMBRIDGE, MA CAMPUS PROVIDES A FERTILE SETTING FOR RESEARCH THAT HAS SPAWNED A HOST OF SCIENTIFIC BREAKTHROUGHS AND TECHNOLOGICAL ADVANCES. PRIMARILY SPONSORED BY FEDERAL GRANTS AND CONTRACTS, RESEARCH AT MIT AIMS TO DEVELOP INNOVATIVE SOLUTIONS TO THE WORLD'S MOST DAUNTING CHALLENGES. FROM ADDRESSING THE ENERGY NEEDS OF TOMORROW TO IMPROVING CANCER THERAPIES AND MORE, MIT'S RESEARCH EFFORTS ARE ENHANCED THROUGH CREATIVE COLLABORATIONS IN INTERDISCIPLINARY LABS AND WITH LEADING RESEARCH INSTITUTES AND CONSORTIA AROUND THE WORLD. SEE SCHEDULE O.Description

Activity3 Activity3

FieldValueIRS element (for citing)
Expense240299000Expense
Grants240299000Grants
DescriptionSCHOLARSHIPS AND FELLOWSHIPS (TUITION DISCOUNT): MIT'S UNDERGRADUATE FINANCIAL AID PROGRAM ENSURES THAT AN MIT EDUCATION IS ACCESSIBLE TO ALL QUALIFIED CANDIDATES REGARDLESS OF THEIR FINANCIAL RESOURCES. MIT REMAINS DEDICATED TO PROVIDING FINANCIAL AID TO MEET THE FULL COST OF AN MIT EDUCATION, BASED ON THE NEEDS OF THE FAMILY. IN 2011, APPROXIMATELY 65% 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
FieldValueIRS element (for citing)
Total Of Other Program Service Exp103552000TotalOfOtherProgramServiceExp
Total Of Other Program Service Grnt6173000TotalOfOtherProgramServiceGrnt
Total Of Other Program Service Rev122888000TotalOfOtherProgramServiceRev
Total Program Service Expense2246181000TotalProgramServiceExpense
Described In501 C3trueDescribedIn501C3
Schedule B RequiredtrueScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Lobbying ActivitiestrueLobbyingActivities
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArttrueCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentstrueTermOrPermanentEndowments
Report Land Bldg EquiptrueReportLandBldgEquip
Report Invest Oth SecuritiestrueReportInvestOthSecurities
Report Prog Rel InvestfalseReportProgRelInvest
Report Other AssetsfalseReportOtherAssets
Report Other LiabilitiestrueReportOtherLiabilities
Report Fin48 FootnotefalseReportFin48Footnote
Independent Audit Financial StmtfalseIndependentAuditFinancialStmt
Consolidated Audit Financial StmttrueConsolidatedAuditFinancialStmt
SchooltrueSchool
Foreign OfficetrueForeignOffice
Foreign ActivitiestrueForeignActivities
More Than5000 K To OrganizationsfalseMoreThan5000KToOrganizations
More Than5000 K To IndividualstrueMoreThan5000KToIndividuals
Professional FundraisingtrueProfessionalFundraising
Fundraising ActivitiesfalseFundraisingActivities
GamingfalseGaming
HospitaltrueHospital
Financial Stmt AttachedtrueFinancialStmtAttached
Grants To OrganizationstrueGrantsToOrganizations
Grants To IndividualstrueGrantsToIndividuals
Schedule J RequiredtrueScheduleJRequired
Tax Exempt BondstrueTaxExemptBonds
Invest Tax Exempt BondsfalseInvestTaxExemptBonds
Escrow AccountfalseEscrowAccount
On Behalf Of IssuerfalseOnBehalfOfIssuer
Excess Benefit TransactionfalseExcessBenefitTransaction
Prior Excess Benefit TransactionfalsePriorExcessBenefitTransaction
Loan To Officer Or DQPtrueLoanToOfficerOrDQP
Grant To Related PersontrueGrantToRelatedPerson
Bsnss Rltnshp With OrganizationfalseBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MembertrueBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshptrueOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionstrueDeductibleNonCashContributions
Deductible Contributions Of ArttrueDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntitytrueDisregardedEntity
Related EntitytrueRelatedEntity
Related Org Controlled EntitytrueRelatedOrgControlledEntity
Transaction Related EntitytrueTransactionRelatedEntity
Transfers To Exempt Non Chrtbl OrgtrueTransfersToExemptNonChrtblOrg
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredtrueScheduleORequired
Info In Schedule O Part VXInfoInScheduleOPartV
Number Forms Transmitted With109620416NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup WitholdingtrueComplianceWithBackupWitholding
Number Of Employees20665NumberOfEmployees
Employment Tax Returns FiledtrueEmploymentTaxReturnsFiled
Unrelated Business IncometrueUnrelatedBusinessIncome
Form990-T FiledtrueForm990-TFiled
Foreign Financial AccounttrueForeignFinancialAccount
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Non Deductible ContributionstrueNonDeductibleContributions
Non Deductible DisclosuretrueNonDeductibleDisclosure
Quid Pro Quo ContributionstrueQuidProQuoContributions
Quid Pro Quo DisclosuretrueQuidProQuoDisclosure
Form8282 Property Disposed OffalseForm8282PropertyDisposedOf
Funds To Pay PremiumsfalseFundsToPayPremiums
Premiums PaidfalsePremiumsPaid
Indoor Tanning ServicesfalseIndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members11NbrVotingGoverningBodyMembers
Number Independent Voting Members7NumberIndependentVotingMembers
Family Or Business RelationshiptrueFamilyOrBusinessRelationship
Delegation Of Management DutiesfalseDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholdersfalseMembersOrStockholders
Election Of Board MemberstrueElectionOfBoardMembers
Decisions Subject To ApprovalfalseDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteestrueMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChapterstrueLocalChapters
Policies Reference ChaptersfalsePoliciesReferenceChapters
Form990 Provided To Governing BodytrueForm990ProvidedToGoverningBody
Conflict Of Interest PolicytrueConflictOfInterestPolicy
Annual Disclosure Covered PersonstrueAnnualDisclosureCoveredPersons
Regular Monitoring EnforcementtrueRegularMonitoringEnforcement
Whistleblower PolicytrueWhistleblowerPolicy
Document Retention PolicytrueDocumentRetentionPolicy
Compensation Process CEOtrueCompensationProcessCEO
Compensation Process OthertrueCompensationProcessOther
Investment In Joint VenturetrueInvestmentInJointVenture
Written Policy Or ProceduretrueWrittenPolicyOrProcedure
States Where Copy Of Return Is FiledMAStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledOKStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonALLEN MARCUMNamePerson
Telephone Number6173247207TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line177 MASSACHUSETTS AVENUE NE49-3142AddressLine1
CityCambridgeCity
StateMAState
ZIP Code02139ZIPCode
FieldValueIRS element (for citing)
Info In Schedule O Part VIIXInfoInScheduleOPartVII

Form990 Part VII Section A Form990PartVIISectionA (26 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationOfficerOfficerKey EmployeeKeyEmployeeHighest Compensated EmployeeHighestCompensatedEmployeeFormerFormer
DENIS BOVIN
EXECUTIVE COMMITTEE MEMBER5.0X000
JAMES CHAMPY
EXECUTIVE COMMITTEE MEMBER5.0X000
LAWRENCE FISH
EXECUTIVE COMMITTEE MEMBER5.0X000
ROBERT MILLARD
EXECUTIVE COMMITTEE MEMBER5.0X000
A NEIL PAPPALARDO
EXECUTIVE COMMITTEE MEMBER5.0X000
CHIQUITA WHITE
EXECUTIVE COMMITTEE MEMBER5.0X000
BARRIE ZESIGER
EXECUTIVE COMMITTEE MEMBER5.0X000
JOHN REED
CHAIRMAN OF THE CORPORATION30.0X142783033850X
SUSAN HOCKFIELD
PRESIDENT60.0X8326290174340X
THERESA STONE
EXECUTIVE VP & TREASURER60.0X542655064010X
KIRK KOLENBRANDER
VP & SECRETARY OF THE CORP.60.0X231784060361X
ARTHUR SAMBERG
EXECUTIVE COMMITTEE MEMBER5.0X000
SETH ALEXANDER
PRESIDENT OF MITIMCO60.01260427056036X
PHILLIP CLAY OUTGOING CHANCELLOR
CHANCELLOR60.0306718089999X
R GREGORY MORGAN
VP & GENERAL COUNSEL60.0529601067523X
JEFFREY NEWTON
VP OF RESOURCE DEVELOPMENT60.0379465066049X
L RAFAEL REIF
PROVOST60.0556914081613X
CLAUDE CANIZARES
VICE PRESIDENT FOR RESEARCH60.0323756079322X
ERIC EVANS
DIRECTOR OF LINCOLN LAB60.0375472057170X
WILLIAM E GRIMSON INC CHANCELLOR
CHANCELLOR60.0249827070016X
DAVID SCHMITTLEIN
DEAN SLOAN SCHOOL OF MGMT60.0716442045179X
NELSON REPENNING
PROFESSOR SLOAN SCHOOL OF MGMT60.0670880043404X
STEVEN MARSH
MANAGING DIRECTOR - MITIMCO60.0627047061346X
DANIEL STEELE
MANAGING DIRECTOR - MITIMCO60.0628356062469X
DONALD LESSARD
PROFESSOR SLOAN SCHOOL OF MGMT60.0606436088901X
DANA MEAD FORMER CHAIRMAN
CHAIRMAN EMERITUS122821044X
FieldValueIRS element (for citing)
Total Reportable Comp From Org9104013TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation1201632TotalOtherCompensation
Number Individuals GT100 K2971NumberIndividualsGT100K
Formers ListedtrueFormersListed
Total Comp GT150 KtrueTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1CityAddressOfContractor/AddressUS/CityStateAddressOfContractor/AddressUS/StateZIP CodeAddressOfContractor/AddressUS/ZIPCodeDescription Of ServicesDescriptionOfServicesCompensationCompensation
WILLIAM A BERRY SONS INC
99 CONIFER HILL DRIVEDANVERSMA01923CONSTRUCTION46423016
WALSH BROTHERS INC
210 COMMERCIAL STREETBOSTONMA02109CONSTRUCTION33191483
BOND BROTHERS INC
145 SPRING STREETEVERETTMA02149CONSTRUCTION13112871
SHAWMUT DESIGN CONSTRUCTION CO
560 HARRISON AVEBOSTONMA02118CONSTRUCTION44455559
COMMODORE BUILDERS CORPORATION
80 BRIDGE STREETNEWTONMA02458CONSTRUCTION5808851
FieldValueIRS element (for citing)
Number Of Contractors GT100 K439NumberOfContractorsGT100K
Government Grants396267000GovernmentGrants
All Other Contributions574526000AllOtherContributions
Noncash Contributions297308000NoncashContributions
Total Contributions970793000TotalContributions

Program Service Revenue ProgramServiceRevenue (4 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncomeUnrelated Business RevenueUnrelatedBusinessRevenue
SPONSORED RESEARCH CONTRACTS90009910275930001027593000
FEES AND SERVICES22100093654000912540002400000
OTHER PROGRAMS9000993493300034933000
TUITION900099499950000499950000
FieldValueIRS element (for citing)
Total Program Service Revenue1656130000TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column106386000TotalRevenueColumn
Unrelated Business Revenue-6543000UnrelatedBusinessRevenue
Exclusion$112,929,000ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

FieldValueIRS element (for citing)
Total Revenue Column63000TotalRevenueColumn
Exclusion$63,000ExclusionAmount

Royalties Revenue RoyaltiesRevenue

FieldValueIRS element (for citing)
Total Revenue Column105324000TotalRevenueColumn
Exclusion$105,324,000ExclusionAmount

Gross Rents GrossRents

FieldValueIRS element (for citing)
Real57292000Real

Less Rental Expenses LessRentalExpenses

FieldValueIRS element (for citing)
Real19994000Real

Rental Income Or Loss RentalIncomeOrLoss

FieldValueIRS element (for citing)
Real37298000Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column37298000TotalRevenueColumn
Exclusion$37,298,000ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities40570574000Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Securities40182985000Securities

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities387589000Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column387589000TotalRevenueColumn
Exclusion$387,589,000ExclusionAmount

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Income From Gaming NetIncomeFromGaming

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Income Or Loss NetIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Other Revenue Misc OtherRevenueMisc (3 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncomeUnrelated Business RevenueUnrelatedBusinessRevenue
AUXILIARY ENTERPRISES5111209490700094693000214000
CHANGE IN LIFE INCOME FUNDS9000992841300028413000
PENSION-RELATED CHARGES900099105408000105408000
FieldValueIRS element (for citing)
Total Other Revenue228728000TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column3492311000TotalRevenueColumn
Related Or Exempt Function Income1882244000RelatedOrExemptFunctionIncome
Unrelated Business Revenue-3929000UnrelatedBusinessRevenue
Exclusion$643,203,000ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total1229000Total
Program Services1229000ProgramServices

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total423774000Total
Program Services423774000ProgramServices

Foreign Grants ForeignGrants

FieldValueIRS element (for citing)
Total1810000Total
Program Services1810000ProgramServices

Benefits To Members BenefitsToMembers

FieldValueIRS element (for citing)
Total0Total

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total5387000Total
Program Services943000ProgramServices
Management And General3758000ManagementAndGeneral
Fundraising686000Fundraising

Comp Disqual Persons CompDisqualPersons

FieldValueIRS element (for citing)
Total439000Total
Program Services439000ProgramServices

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total903686000Total
Program Services738075000ProgramServices
Management And General150894000ManagementAndGeneral
Fundraising14717000Fundraising

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total16481000Total
Program Services13495000ProgramServices
Management And General2799000ManagementAndGeneral
Fundraising187000Fundraising

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total146048000Total
Program Services118653000ProgramServices
Management And General24868000ManagementAndGeneral
Fundraising2527000Fundraising

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total62373000Total
Program Services51074000ProgramServices
Management And General10591000ManagementAndGeneral
Fundraising708000Fundraising

Fees For Services Management FeesForServicesManagement

FieldValueIRS element (for citing)
Total44683000Total
Program Services22254000ProgramServices
Management And General22429000ManagementAndGeneral

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total19947000Total
Program Services12462000ProgramServices
Management And General7485000ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total743000Total
Program Services16000ProgramServices
Management And General727000ManagementAndGeneral

Fees For Services Lobbying FeesForServicesLobbying

FieldValueIRS element (for citing)
Total0Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total449000Total
Fundraising449000Fundraising

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

FieldValueIRS element (for citing)
Total18043000Total
Management And General18043000ManagementAndGeneral

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total36194000Total
Program Services19117000ProgramServices
Management And General17077000ManagementAndGeneral

Advertising Advertising

FieldValueIRS element (for citing)
Total7332000Total
Program Services6038000ProgramServices
Management And General1294000ManagementAndGeneral

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total27186000Total
Program Services17975000ProgramServices
Management And General8442000ManagementAndGeneral
Fundraising769000Fundraising

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total41531000Total
Program Services33285000ProgramServices
Management And General7965000ManagementAndGeneral
Fundraising281000Fundraising

Royalties Royalties

FieldValueIRS element (for citing)
Total37638000Total
Program Services23306000ProgramServices
Management And General14332000ManagementAndGeneral

Occupancy Occupancy

FieldValueIRS element (for citing)
Total22025000Total
Program Services16829000ProgramServices
Management And General5171000ManagementAndGeneral
Fundraising25000Fundraising

Travel Travel

FieldValueIRS element (for citing)
Total60041000Total
Program Services55265000ProgramServices
Management And General3311000ManagementAndGeneral
Fundraising1465000Fundraising

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

FieldValueIRS element (for citing)
Total0Total

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total32050000Total
Program Services27394000ProgramServices
Management And General3834000ManagementAndGeneral
Fundraising822000Fundraising

Interest Interest

FieldValueIRS element (for citing)
Total73999000Total
Program Services63481000ProgramServices
Management And General10444000ManagementAndGeneral
Fundraising74000Fundraising

Payments To Affiliates PaymentsToAffiliates

FieldValueIRS element (for citing)
Total1672000Total
Program Services1672000ProgramServices

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total116217000Total
Program Services99120000ProgramServices
Management And General16934000ManagementAndGeneral
Fundraising163000Fundraising

Insurance Insurance

FieldValueIRS element (for citing)
Total54426000Total
Program Services43487000ProgramServices
Management And General10939000ManagementAndGeneral

Other Expenses OtherExpenses (5 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneralFundraisingFundraising
UTILITIES4135600033717000758800051000
SUBRECIPIENT AGREEMENTS118998000118998000
FACILITIES CHARGES6673500054330000109060001499000
EQUIPMENT RENTAL AND MAIN1189170009205900026688000170000
MEDICAL PRO SUPPLY AND SVCS992380004169100057547000

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total197280000Total
Program Services114193000ProgramServices
Management And General82460000ManagementAndGeneral
Fundraising627000Fundraising

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total2797927000Total
Program Services2246181000ProgramServices
Management And General526526000ManagementAndGeneral
Fundraising25220000Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY134438000BOY
EOY104974000EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY754529000BOY
EOY1156826000EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

FieldValueIRS element (for citing)
BOY480654000BOY
EOY491376000EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY201698000BOY
EOY260216000EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

FieldValueIRS element (for citing)
BOY270000BOY
EOY218000EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

FieldValueIRS element (for citing)
BOY49496000BOY
EOY49539000EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

FieldValueIRS element (for citing)
BOY5545000BOY
EOY5783000EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY43099000BOY
EOY64206000EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis3398098000LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec953189000LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY2319266000BOY
EOY2444909000EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY1439550000BOY
EOY1635778000EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY7923679000BOY
EOY9669938000EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY18841000BOY
EOY113715000EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY13371065000BOY
EOY15997478000EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY379566000BOY
EOY446052000EOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY21836000BOY
EOY29189000EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

FieldValueIRS element (for citing)
BOY1489224000BOY
EOY1481636000EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

FieldValueIRS element (for citing)
BOY238432000BOY
EOY985598000EOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

FieldValueIRS element (for citing)
BOY870000BOY
EOY591000EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY891424000BOY
EOY922329000EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY3021352000BOY
EOY3865395000EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY3784709000BOY
EOY4629673000EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY4463066000BOY
EOY5044519000EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY2101938000BOY
EOY2457891000EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY10349713000BOY
EOY12132083000EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY13371065000BOY
EOY15997478000EOY
FieldValueIRS element (for citing)
Info In Schedule O Part XIXInfoInScheduleOPartXI
Reconcilation Revenue Expenses694384000ReconcilationRevenueExpenses
Reconcilation Other Changes1087986000ReconcilationOtherChanges
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or ReviewfalseAccountantCompileOrReview
FS AuditedtrueFSAudited
Audit CommitteetrueAuditCommittee
Financial Statement ConsolidatedXFinancialStatementConsolidated
Federal Grant Audit RequiredtrueFederalGrantAuditRequired
Federal Grant Audit PerformedtrueFederalGrantAuditPerformed

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
School170b1 AiiXSchool170b1Aii

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

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

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Total Grassroots LobbyingTotalGrassrootsLobbying
Total Direct LobbyingTotalDirectLobbying
Total Lobbying ExpendituresTotalLobbyingExpenditures
Other Exempt Purpose ExpendituresOtherExemptPurposeExpenditures
Total Exempt Purpose ExpendituresTotalExemptPurposeExpenditures
Lobbying NontaxableLobbyingNontaxableAmount
Grassroots NontaxableGrassrootsNontaxableAmount
Tot Lobbying Grassroot Minus Non TxTotLobbyingGrassrootMinusNonTx
Tot Lobby Expend Mns Lobbying NontxTotLobbyExpendMnsLobbyingNontx
VolunteersfalseVolunteers
Paid Staff Or ManagementtruePaidStaffOrManagement
Media AdvertisementsfalseMediaAdvertisements
Mailings MemberstrueMailingsMembers
Publications Or BroadcastfalsePublicationsOrBroadcast
Grants Other OrganizationsfalseGrantsOtherOrganizations
Direct Contact LegislatorstrueDirectContactLegislators
Direct Contact Legislators$243,318DirectContactLegislatorsAmount
Rallies DemonstrationsfalseRalliesDemonstrations
Other ActivitiestrueOtherActivities
Total Lobbying Expenditures IIB243318TotalLobbyingExpendituresIIB
Not Described In501c3falseNotDescribedIn501c3

Form990 Schedule C Part IV Form990ScheduleCPartIV (2 entries)

IdentifierIdentifierExplanationExplanation
SCHEDULE C, PART II-B, LINE 1GFROM TIME TO TIME, MIT ENGAGES IN LOBBYING ACTIVITY USING MIT'S OWN PERSONNEL. MIT'S EFFORTS REGARDING LEGISLATIVE AND RELATED ACTIVITIES IN FY 2011 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 1IMIT 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

FieldValueIRS element (for citing)
Art Public Exhibition AmtsArtPublicExhibitionAmts
Held Works Of Art AmtsHeldWorksOfArtAmts
Collect Used For Public ExhibitionXCollectUsedForPublicExhibition
Collect Used For Scholar ResearchXCollectUsedForScholarResearch
Collect Used For PreservationXCollectUsedForPreservation
Solicited Assets For SalefalseSolicitedAssetsForSale

Current Year CurrentYear

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

Current Year Minus1 Year CurrentYearMinus1Year

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

Current Year Minus2 Years CurrentYearMinus2Years

FieldValueIRS element (for citing)
Beginning Of Year Balance10234500000BeginningOfYearBalance
Contributions112805000Contributions
Investment Earnings Or Losses-1707012000InvestmentEarningsOrLosses
Grants Or Scholarships100900000GrantsOrScholarships
Other Expenditures380108000OtherExpenditures
Administrative Expenses7480000AdministrativeExpenses
End Of Year Balance8151805000EndOfYearBalance
FieldValueIRS element (for citing)
Board Designated EOY Balance0.29325BoardDesignatedEOYBalance
Permanent Endowment EOY Balance0.24004PermanentEndowmentEOYBalance
Term Endowment EOY Balance0.46671TermEndowmentEOYBalance
Endowments Held By Unrelated OrgstrueEndowmentsHeldByUnrelatedOrgs
Endowments Held By Related OrgstrueEndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule RtrueAreRelatedOrgsListedScheduleR

Land Land

FieldValueIRS element (for citing)
Other Cost Or Other Basis53298000OtherCostOrOtherBasis
Book Value53298000BookValue

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis3077907000OtherCostOrOtherBasis
Depreciation951664000Depreciation
Book Value2126243000BookValue

Leasehold Improvements LeaseholdImprovements

FieldValueIRS element (for citing)
Other Cost Or Other Basis60795000OtherCostOrOtherBasis
Depreciation388000Depreciation
Book Value60407000BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis206098000OtherCostOrOtherBasis
Depreciation1137000Depreciation
Book Value204961000BookValue
FieldValueIRS element (for citing)
Other Land BuildingsOtherLandBuildings
Total Of Book Value Land Buildings2444909000TotalOfBookValueLandBuildings
Financial DerivativesFinancialDerivatives
Closely Held Equity InterestsCloselyHeldEquityInterests

Other Securities OtherSecurities (7 entries)

DescriptionDescriptionBook ValueBookValueMethod Of ValuationMethodOfValuation
MINORITY INTEREST282041000F
FIXED INCOME395685000F
EQUITIES5385412000F
MARKETABLE ALTERNATIVES1812006000F
REAL ESTATE1659027000F
PERPETUAL TRUSTS64040000F
INT.RATE, CREDIT & DERIVATIVES71727000F
FieldValueIRS element (for citing)
Total Of Book Value Securities9669938000TotalOfBookValueSecurities
Federal Income Tax Liability0FederalIncomeTaxLiability

Other Liabilities OtherLiabilities (4 entries)

DescriptionDescriptionAmountAmount
WITHHOLDINGS, DEPOSITS AND OTHER CREDITS$217,281,000
MINORITY INTEREST$282,041,000
ADVANCE PAYMENTS$389,253,000
GOVERNMENT ADVANCES$33,754,000
FieldValueIRS element (for citing)
Total Of Amounts922329000TotalOfAmounts

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)

IdentifierIdentifierExplanationExplanation
PART III, LINE 1A AND LINE 4AS 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 4MIT'S ENDOWMENT IS INTENDED TO PROVIDE FINANCIAL SUPPORT TO FURTHER MIT'S MISSION OF EDUCATION AND RESEARCH. SPECIFICALLY, MIT'S ENDOWMENT PROVIDES ONGOING SUPPORT FOR GRADUATE AND UNDERGRADUATE STUDENT SCHOLARSHIPS, FELLOWSHIPS AND STUDENT LOANS, PROFESSORSHIPS, THE MAINTENANCE OF MIT'S FACILITIES, AND ACADEMIC DEPARTMENT SUPPORT.
PART X, FIN 48REGARDING REQUIRED "FIN 48" FINANCIAL STATEMENT DISCLOSURE, ANY UNCERTAIN TAX POSITIONS IN THE FISCAL YEAR ENDED JUNE 30, 2011 WERE IMMATERIAL AND THEREFORE DID NOT REQUIRE A FOOTNOTE.

Schedule E IRS990ScheduleE

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

Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)

IdentifierIdentifierExplanationExplanation
PART I, LINE 3MIT'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 6AMIT RECEIVES PELL, FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY, ACADEMIC COMPETITIVENESS, AND NATIONAL SMART GRANTS, AS WELL AS PERKINS LOANS.

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedtrueGrantRecordsMaintained

Accts Actvs Out US Table AcctsActvsOutUSTable (39 entries)

RegionRegionNumber Of OfficesNumberOfOfficesType Of Activities ConductedTypeOfActivitiesConductedSpecific Services ProvidedSpecificServicesProvidedTotal ExpendituresTotalExpendituresNumber Of EmployeesNumberOfEmployees
East Asia and the Pacific0Program ServicesSubrecipient Agreement2049044
Europe (Including Iceland and Greenland)0Program ServicesSubrecipient Agreement2934152
Middle East and North Africa0Program ServicesSubrecipient Agreement17730
North America0Program ServicesSubrecipient Agreement439208
South Asia0Program ServicesSubrecipient Agreement683114
Sub-Saharan Africa0Program ServicesSubrecipient Agreement185000
Russia and the Newly Independent States0Program ServicesSubrecipient Agreement50237
East Asia and the Pacific1Program ServicesResearch497350635
Europe (Including Iceland and Greenland)0Program ServicesResearch188087216
Central America and the Caribbean0Grantmaking29688
East Asia and the Pacific0Grantmaking416780
Europe (Including Iceland and Greenland)0Grantmaking756722
Middle East and North Africa0Grantmaking268275
North America0Grantmaking61496
Russia and the Newly Independent States0Grantmaking6762
South America0Grantmaking82633
South Asia0Grantmaking136482
Sub-Saharan Africa0Grantmaking51414
Central America and the Caribbean0Fundraising4141
East Asia and the Pacific0Fundraising3775057
Europe (Including Iceland and Greenland)0Fundraising45986921
Middle East and North Africa0Fundraising703181
North America0Fundraising68182
South America0Fundraising346561
South Asia0Fundraising1026291
Central America and the Caribbean0Program ServicesEducation/Research81523
East Asia and the Pacific0Program ServicesEducation/Research321345242
Europe (Including Iceland and Greenland)0Program ServicesEducation/Research357470129
Middle East and North Africa0Program ServicesEducation/Research7835632
North America0Program ServicesEducation/Research468925
Russia and the Newly Independent States0Program ServicesEducation/Research1597321
South America0Program ServicesEducation/Research5128825
South Asia0Program ServicesEducation/Research4815773
Sub-Saharan Africa0Program ServicesEducation/Research600844
Central America and the CaribbeanInvestments1722487000
Europe (Including Iceland and Greenland)Investments198560000
Middle East and North AfricaInvestments64000
North AmericaInvestments2620000
Sub-Saharan AfricaInvestments87712000
FieldValueIRS element (for citing)
Subtotal Number Of Offices1SubtotalNumberOfOffices
Subtotal Number Of Employees51SubtotalNumberOfEmployees
Cont Number Of Offices0ContNumberOfOffices
Cont Number Of Employees115ContNumberOfEmployees
Total Number Of Offices1TotalNumberOfOffices
Total Number Of Employees166TotalNumberOfEmployees
Subtotal Amount Spent14971701SubtotalAmountSpent
Cont Amount Spent2022427549ContAmountSpent
Total Amount Spent2037399250TotalAmountSpent

Grants To Ind Outside US GrantsToIndOutsideUS (40 entries)

Type Of AssistanceTypeOfAssistanceRegionRegionNumber Of RecipientsNumberOfRecipientsAmount Of Cash GrantAmountOfCashGrantManner Of Cash DisbursementMannerOfCashDisbursementDescription Of Non Cash AssistanceDescriptionOfNonCashAssistanceMethod Of ValuationMethodOfValuation
PSC FellowshipSouth America310950Checkn/an/a
PSC FellowshipSub-Saharan Africa728882Checkn/an/a
PSC FellowshipSouth Asia1237648Checkn/an/a
PSC FellowshipNorth America13082Checkn/an/a
PSC FellowshipEurope/Iceland/Greenland12200Checkn/an/a
PSC FellowshipCent. America/Caribbean48819Checkn/an/a
PSC FellowshipEast Asia/Pacific412166Checkn/an/a
MISTI StipendEast Asia/Pacific60282710Checkn/an/a
MISTI StipendMiddle East/North Africa50254725Checkn/an/a
MISTI StipendEurope/Iceland/Greenland266627530Checkn/an/a
MISTI StipendSouth Asia2533400Checkn/an/a
MISTI StipendNorth America2234000Checkn/an/a
MISTI StipendSouth America1256400Checkn/an/a
HonorariaCent. America/Caribbean42750Checkn/an/a
HonorariaEast Asia/Pacific1927935Checkn/an/a
HonorariaEurope/Iceland/Greenland6063618Checkn/an/a
HonorariaMiddle East/North Africa34000Checkn/an/a
HonorariaNorth America137132Checkn/an/a
HonorariaRussia52157Checkn/an/a
HonorariaSouth America55107Checkn/an/a
HonorariaSouth Asia1014064Checkn/an/a
HonorariaSub-Saharan Africa35429Checkn/an/a
Prizes & AwardsCent. America/Caribbean33143Checkn/an/a
Prizes & AwardsEast Asia/Pacific3748954Checkn/an/a
Prizes & AwardsEurope/Iceland/Greenland3233844Checkn/an/a
Prizes & AwardsMiddle East/North Africa96643Checkn/an/a
Prizes & AwardsNorth America158949Checkn/an/a
Prizes & AwardsRussia2914Checkn/an/a
Prizes & AwardsSouth America45843Checkn/an/a
Prizes & AwardsSouth Asia2344369Checkn/an/a
Prizes & AwardsSub-Saharan Africa87854Checkn/an/a
FellowshipsCent. America/Caribbean1814976Checkn/an/a
FellowshipsEast Asia/Pacific3045015Checkn/an/a
FellowshipsEurope/Iceland/Greenland1329531Checkn/an/a
FellowshipsMiddle East/North Africa22907Checkn/an/a
FellowshipsNorth America208333Checkn/an/a
FellowshipsRussia83691Checkn/an/a
FellowshipsSouth America114333Checkn/an/a
FellowshipsSouth Asia197000Checkn/an/a
FellowshipsSub-Saharan Africa259249Checkn/an/a
FieldValueIRS element (for citing)
Transfer To Foreign CorptrueTransferToForeignCorp
Interest In Foreign TrusttrueInterestInForeignTrust
Own Foreign CorptrueOwnForeignCorp
Passive Foreign Invest CotruePassiveForeignInvestCo
Foreign PartnershiptrueForeignPartnership
Boycott CountriestrueBoycottCountries

Form990 Schedule F Part V Form990ScheduleFPartV

FieldValueIRS element (for citing)
IdentifierSCHEDULE F, PART I, LINE 2Identifier
ExplanationMIT 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

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

Fundraiser Activity Information FundraiserActivityInformation (3 entries)

Name Of IndividualNameOfIndividualActivityActivityFundraiser Control Of FundsFundraiserControlOfFundsAmount Retained By ContractorAmountRetainedByContractor
MARTS LUNDY INCFUNDRAISING CONSULTINGfalse205667
KATHLEEN L RYDARFUNDRAISING CONSULTINGfalse31870
MOR ASSOCIATESFUNDRAISING CONSULTINGfalse39000
FieldValueIRS element (for citing)
Total Retained By Contractors276537TotalRetainedByContractors
Licensed StatesMALicensedStates

Form990 Schedule G Part IV Form990ScheduleGPartIV

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

Schedule H IRS990ScheduleH

FieldValueIRS element (for citing)
Charity Care PolicyfalseCharityCarePolicy
Annual Community Benefit ReportfalseAnnualCommunityBenefitReport

Community Support CommunitySupport

FieldValueIRS element (for citing)
Number Of Activities Or Programs14NumberOfActivitiesOrPrograms
Total Community Building Expense384690TotalCommunityBuildingExpense
Net Community Building Expense384690NetCommunityBuildingExpense
Percent Of Total Expense0.01030PercentOfTotalExpense

Environmental Improvements EnvironmentalImprovements

FieldValueIRS element (for citing)
Total Community Building Expense21180TotalCommunityBuildingExpense
Net Community Building Expense21180NetCommunityBuildingExpense
Percent Of Total Expense0.00060PercentOfTotalExpense

Leadership Development LeadershipDevelopment

FieldValueIRS element (for citing)
Number Of Activities Or Programs1NumberOfActivitiesOrPrograms
Total Community Building Expense2732TotalCommunityBuildingExpense
Net Community Building Expense2732NetCommunityBuildingExpense
Percent Of Total Expense0.00010PercentOfTotalExpense

Coalition Building CoalitionBuilding

FieldValueIRS element (for citing)
Number Of Activities Or Programs4NumberOfActivitiesOrPrograms
Total Community Building Expense43528TotalCommunityBuildingExpense
Net Community Building Expense43528NetCommunityBuildingExpense
Percent Of Total Expense0.00120PercentOfTotalExpense

Health Improvement Advocacy HealthImprovementAdvocacy

FieldValueIRS element (for citing)
Number Of Activities Or Programs1NumberOfActivitiesOrPrograms
Total Community Building Expense18116TotalCommunityBuildingExpense
Net Community Building Expense18116NetCommunityBuildingExpense
Percent Of Total Expense0.00050PercentOfTotalExpense

Other Other

FieldValueIRS element (for citing)
Number Of Activities Or Programs19NumberOfActivitiesOrPrograms
Total Community Building Expense1778041TotalCommunityBuildingExpense
Direct Offsetting Revenue50739DirectOffsettingRevenue
Net Community Building Expense1737302NetCommunityBuildingExpense
Percent Of Total Expense0.04650PercentOfTotalExpense

Total Total

FieldValueIRS element (for citing)
Number Of Activities Or Programs39NumberOfActivitiesOrPrograms
Total Community Building Expense2248287TotalCommunityBuildingExpense
Direct Offsetting Revenue50739DirectOffsettingRevenue
Net Community Building Expense2207548NetCommunityBuildingExpense
Percent Of Total Expense0.05920PercentOfTotalExpense
FieldValueIRS element (for citing)
Bad Debt Expense ReportedtrueBadDebtExpenseReported
Bad Debt Expense$26,767BadDebtExpenseAmount
Amount Reimbursed By Medicare817417AmountReimbursedByMedicare
Cost Of Care Reimbursed By Medicare653760CostOfCareReimbursedByMedicare
Medicare Surplus Or Shortfall163657MedicareSurplusOrShortfall
Costing Methodology UsedCostingMethodologyUsed
Written Debt Collection PolicytrueWrittenDebtCollectionPolicy
Provision For Charity CarefalseProvisionForCharityCare
Number Of Hospital Facilities1NumberOfHospitalFacilities

Form990 Schedule H Part V Section A Form990ScheduleHPartVSectionA

FieldValueIRS element (for citing)
Facility Number1FacilityNumber

Name Name

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

Address Address

FieldValueIRS element (for citing)
Address Line177 MASSACHUSETTS AVENUE E23-395AddressLine1
CityCAMBRIDGECity
StateMAState
ZIP Code02139ZIPCode
FieldValueIRS element (for citing)
Licensed HospitalXLicensedHospital

Form990 Schedule H Part V Section B Form990ScheduleHPartVSectionB

Hospital Facility Name HospitalFacilityName

FieldValueIRS element (for citing)
Business Name Line1MASSACHUSETTS INSTITUTE OF TECHNOLOGYBusinessNameLine1
FieldValueIRS element (for citing)
Hospital Facility Number1HospitalFacilityNumber

Form990 Schedule H Part V Section C Form990ScheduleHPartVSectionC

FieldValueIRS element (for citing)
Number Of Other Facilities1NumberOfOtherFacilities

Other Facilities OtherFacilities

Name Name

FieldValueIRS element (for citing)
Business Name Line1MIT LINCOLN LABORATORY MEDICAL FACILITYBusinessNameLine1

Address Address

FieldValueIRS element (for citing)
Address Line1244 WOOD STREET ANNEX VAddressLine1
CityLEXINGTONCity
StateMAState
ZIP Code02421ZIPCode
FieldValueIRS element (for citing)
Facility TypeSMALL SATELLITE CLINIC FOR PRIMARY CAREFacilityType

Form990 Schedule H Part VI Form990ScheduleHPartVI

FieldValueIRS element (for citing)
IdentifierPART III, LINE 4Identifier
ExplanationMIT MEDICAL DOES NOT KEEP SEPARATE FINANCIAL STATEMENTS FROM MIT. THE BAD DEBT EXPENSE IS DETERMINED AS THE UNPAID PORTION OF MEDICAL CLAIMS FILED TO INSURANCE COMPANIES OR AS SELF-PAY BILLS TO PATIENTS. AFTER ALL EFFORTS AT COLLECTION BY MIT, THE CHARGES ARE WRITTEN OFF AND, IF POSSIBLE, SENT TO A COLLECTION AGENCY. LINE 2 IS THE VALUE OF THE WRITTEN OFF CHARGES FOR THE YEAR. CHARGES FOR SERVICES WHICH ARE DETERMINED TO BE COMMUNITY BENEFIT SERVICES ARE NOT BILLED OUT TO INSURERS OR TO INDIVIDUALS AND DO NOT CONTRIBUTE TO THE AMOUNTS REPORTED AS BAD DEBT. PART III, LINE 9B MIT MEDICAL DOES NOT PROVIDE PATIENTS WITH EDUCATION ABOUT ELIGIBILITY FOR ASSISTANCE. MOST PATIENTS ARE COVERED BY MIT SPONSORED EMPLOYEE AND STUDENT PLANS, SPOUSE'S INSURANCE OR MEDICARE. THE ORGANIZATION'S COLLECTION POLICY IS AVAILABLE ONLINE AT HTTP://VPF.MIT.EDU/SITE/ACCOUNTS_RECEIVABLE/POLICIES_PROCEDURES. PART VI 1. MIT MEDICAL IS A LICENSED SCHOOL INFIRMARY THAT PROVIDES OUTPATIENT MEDICAL SERVICES TO THE MIT COMMUNITY. THE COMMUNITY INCLUDES MIT STUDENTS, EMPLOYEES, RETIREES, AFFILIATES, AND EACH OF THEIR RESPECTIVE DEPENDANTS. IT IS NOT OPEN TO THE PUBLIC. SERVICES INCLUDE URGENT CARE AND PROMOTION OF WELLNESS PROGRAMS. 2. COMMUNITY HEALTH ASSESSMENT IS BASED ON THREE WELL-ESTABLISHED DOMAINS: PUBLIC HEALTH, EMPLOYEE HEALTH AND COLLEGE HEALTH, AS WELL AS A "SOCIAL DETERMINANTS TO HEALTH" APPROACH. 3. MIT MEDICAL DOES NOT PROVIDE PATIENTS WITH EDUCATION ABOUT ELIGIBILITY FOR ASSISTANCE. MOST PATIENTS ARE COVERED BY MIT SPONSORED EMPLOYEE AND STUDENT PLANS, SPOUSE'S INSURANCE OR MEDICARE. THE ORGANIZATION'S COLLECTION POLICY IS AVAILABLE ONLINE AT HTTP://VPF.MIT.EDU/SITE/ACCOUNTS_RECEIVABLE/POLICIES_PROCEDURES. 4. THE COMMUNITY IS COMPRISED OF MIT EMPLOYEES, RETIREES, STUDENTS, AFFILIATES AND THE DEPENDENTS OF EACH. 5. MIT MEDICAL IS ACTIVE WITHIN THE MIT COMMUNITY WELL BEYOND ITS SCOPE OF DIRECT PATIENT CARE. THERE IS A SIGNIFICANT FOCUS ON PROMOTION OF HEALTH WITHIN THE COMMUNITY THROUGH COMMITTEES, SUPPORT GROUPS, TRAINING SESSIONS, PROGRAMS ON SPECIFIC TOPICS, HEALTH FAIRS, FITNESS CHALLENGES, AND MENTAL HEALTH SUPPORT SERVICES. THE ENTIRE SCOPE OF MIT MEDICAL'S SERVICES IS LISTED ON ITS WEBSITE. HTTP://MEDWEB.MIT.EDU/ABOUT/WELCOME/Explanation

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records MaintainedtrueRecordsMaintained

Recipient Table RecipientTable (29 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeIRC SectionIRCSectionAmount Of Cash GrantAmountOfCashGrantPurpose Of GrantPurposeOfGrantEIN Of RecipientEINOfRecipient
BETA THETA PI
119 120 BAYSTATE ROADBOSTONMA02215501(c)(7)5193IRDF Grant
CHI PHI
32 HEREFORD STBOSTONMA02139501(c)(7)70207IRDF Grant
DELTA KAPPA EPSILON
403 MEMORIAL DRIVECAMBRIDGEMA02215501(c)(7)22854IRDF Grant
DELTA UPSILON
526 BEACON STBOSTONMA02215501(c)(7)38980IRDF Grant
EPSILON THETA
259 SAINT PAUL STREETBROOKLINEMA02446501(c)(7)22531IRDF Grant
LAMBDA CHI ALPHA
99 BAY STATE ROADBOSTONMA02139501(c)(7)67044IRDF Grant
MIT STUDENT HOUSE
111 BAY STATE ROADBOSTONMA02215501(c)(7)18493IRDF Grant
PHI BETA EPSILON
400 MEMORIAL DRIVECAMBRIDGEMA02446501(c)(7)69469IRDF Grant
PHI DELTA THETA
97 BAY STATE ROADBOSTONMA02215501(c)(7)26073IRDF Grant
PHI KAPPA SIGMA FRATERNITY
530 BEACON STREETBOSTONMA02115501(c)(7)102382IRDF Grant
PHI KAPPA THETA
229 COMMONWEALTH AVENUEBOSTONMA02139501(c)(7)13607IRDF Grant
PHI LAMBDA PHI
450 BEACON STBOSTONMA02215501(c)(7)25146IRDF Grant
PIKA
69 CHESTNUT STCAMBRIDGEMA02116501(c)(7)14315IRDF Grant
SIGMA CHI
532 BEACON STREETBOSTONMA02215501(c)(7)9583IRDF Grant
SIGMA KAPPA
480 COMMONWEALTH AVEBOSTONMA02215501(c)(7)18412IRDF Grant
SIGMA NU
28 THE FENWAYBOSTONMA02139501(c)(7)47917IRDF Grant
THETA CHI
528 BEACON STBOSTONMA02215501(c)(7)20608IRDF Grant
THETA DELTA CHI
372 MEMORIAL DRIVECAMBRIDGEMA02215501(c)(7)29162IRDF Grant
WILG
355 MASS AVECAMBRIDGEMA02215501(c)(7)36026IRDF Grant
TECHNOLOGY BROADCASTING CORPORATION
3 Ames StreetCAMBRIDGEMA02215501(c)(3)7150GRANT FOR MIT STUDENTS TO PARTICIPATE IN RADIO237154684
LinkCycle LLC
33 Sciarappa StCambridgeMA0213918333PRIZE OR AWARD274002751
Made in the Commonwealth
152 Prince St 4BostonMA0247415000PRIZE OR AWARD274708852
PK Clean Technologies Inc
333 W 57th St Apt 603New YorkNY1001915000PRIZE OR AWARD270436071
Ubiquitous Energy
60 Wadsworth StCambridgeMA0213915000PRIZE OR AWARD451966224
Sanergy
14 Salem St Apt 2CAMBRIDGEMA02139108000PRIZE OR AWARD364688468
CoolChip Technologies Inc
6 Highland AveSomervilleMA02143230000PRIZE OR AWARD451601230
ALPHA CHI OMEGA
478 COMMONWEALTH AVEBOSTONMA02215501(C)(7)21836IRDF GRANT
ALPHA DELTA PHI
351 MASS AVECAMBRIDGEMA02139501(C)(7)47967IRDF GRANT
ALPHA PHI
479 COMMONWEALTH AVEBOSTONMA02215501(C)(7)86623IRDF GRANT
FieldValueIRS element (for citing)
Total Nbr Of501 C3 And Govt Grants1TotalNbrOf501C3AndGovtGrants
Total Nbr Of Other Organizations28TotalNbrOfOtherOrganizations

Form990 Schedule I Part III Form990ScheduleIPartIII (7 entries)

Type Of GrantTypeOfGrantNumber Of RecipientsNumberOfRecipientsAmount Of Non Cash AssistanceAmountOfNonCashAssistanceMethod Of ValuationMethodOfValuationDescription Of Non Cash AssistanceDescriptionOfNonCashAssistanceAmount Of Cash GrantAmountOfCashGrant
TUITION SUPPORT7951294055000FMVFor Tuition
HONORARIA27691566665
PRIZES AND AWARDS6831478951
PUBLIC SERVICE CENTER FELLOWSHIPS1540380
MIT Student Stipiends & Fellowships179230435000
Non-MIT Student Fellowships39010863000
Student Wages728685335000

Form990 Schedule I Part IV Form990ScheduleIPartIV

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

Schedule J IRS990ScheduleJ

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

Form990 Schedule J Part II Form990ScheduleJPartII (18 entries)

Base Compensation Filing OrgBaseCompensationFilingOrgComp Based On Related OrgsCompBasedOnRelatedOrgsBonus Filing OrgBonusFilingOrgBonus Related OrgsBonusRelatedOrgsOther Compensation Filing OrgOtherCompensationFilingOrgOther Compensation Related OrgsOtherCompensationRelatedOrgsDeferred Comp Filing OrgDeferredCompFilingOrgDeferred Comp Related OrgsDeferredCompRelatedOrgsNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgNontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgsTotal Compensation Filing OrgTotalCompensationFilingOrgTotal Compensation Related OrgsTotalCompensationRelatedOrgsComp Report Prior990 Filing OrgCompReportPrior990FilingOrgComp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
DANA MEAD FORMER CHAIRMAN
12268500013600000122821000
JOHN REED
142783000003018503665017663300
SUSAN HOCKFIELD
65212900018050005365501206850100696900
THERESA STONE
49310200049553063945065060666500
KIRK KOLENBRANDER
2317840000030618029743029214500
SETH ALEXANDER
52242607090010290000269500290860131646300
PHILLIP CLAY OUTGOING CHANCELLOR
27530700031411063945026054039671700
R GREGORY MORGAN
46680100062800039935027588059712400
JEFFREY NEWTON
36750200011963053655012394044551400
L RAFAEL REIF
48716800069746053655027958063852700
CLAUDE CANIZARES
29111400032642063945015377040307800
ERIC EVANS
36403200011440030870026300043264200
DAVID SCHMITTLEIN
57831700013812503993505244076162100
NELSON REPENNING
103127000567753013036030368071428400
STEVEN MARSH
303320031717706550030870030476068839300
DANIEL STEELE
304629031717706550030870031599069082500
WILLIAM E GRIMSON INC CHANCELLO
22902900020798039935030081031984300
DONALD LESSARD
261185000345251063945024956069533700

Form990 Schedule J Part III Form990ScheduleJPartIII (6 entries)

IdentifierIdentifierExplanationExplanation
SCHEDULE J, PART I, LINES 1A AND BMIT 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 7THE MIT INVESTMENT MANAGEMENT COMPANY PAYS CERTAIN EMPLOYEES NON-FIXED AMOUNTS PURSUANT TO AN INCENTIVE COMPENSATION PROGRAM THAT BASES COMPENSATION PAYMENTS ON A NUMBER OF FACTORS. THE PRIMARY BASIS FOR INCENTIVE COMPENSATION PAYMENTS IS THE PERFORMANCE OF MIT'S ENDOWMENT RELATIVE TO PEER AND MARKET BENCHMARKS. THIS IS A COMMON PRACTICE IN HIGHER ED ENDOWMENT MANAGEMENT.
SCHEDULE J, PART IISCHEDULE J, PART II, COLUMN B(III) - THE MIT SLOAN SCHOOL OF MANAGEMENT OFFERS A BROAD RANGE OF EXECUTIVE EDUCATION AND PROFESSIONAL DEVELOPMENT PROGRAMS DEVELOPED AND LED BY ITS FACULTY AND FOLLOWS MIT'S WRITTEN SUPPLEMENTAL COMPENSATION GUIDELINES FOR FACULTY WHO PARTICIPATE IN THESE PROGRAMS. SLOAN FACULTY INCLUDED IN THE FORM 990 ARE PROFESSORS REPENNING, LESSARD AND SCHMITTLEIN. SCHEDULE J, PART II, COLUMN (C) DOES NOT INCLUDE $141,327 OF INCENTIVE COMPENSATION FOR MR. ALEXANDER; $59,713 OF INCENTIVE COMPENSATION FOR MR. MARSH; $59,713 OF INCENTIVE COMPENSATION FOR MR. STEELE AWARDED IN JANUARY 2010. 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 VIITHE INDIVIDUALS DISCLOSED IN PART VII OF FORM 990 OFTEN DEVOTE MORE HOURS TO THEIR POSITION THAN THE NUMBER OF HOURS LISTED, WHICH REPRESENT ESTIMATES OF AVERAGE HOURS. INDIVIDUALS WHO ARE ALSO ON THE BOARDS OF MIT'S SUBSIDIARIES AND RELATED ORGANIZATIONS WORK ON AVERAGE 1-2 HOURS PER WEEK IN ADDITION TO THE HOURS LISTED IN COLUMN (B) OF FORM 990, PART VII.
SCHEDULE J, PART III; FORM 990, PART VII, LINE 5AS A RESULT OF THEIR EMPLOYMENT AT MIT, MR. STEELE RECEIVED THE RIGHT TO PURCHASE AN ECONOMIC INTEREST IN FOUR SEPARATE LIMITED LIABILITY COMPANIES (THE "GENERAL PARTNER LLCS") AND AN ECONOMIC INTEREST IN FOUR OTHER SEPARATE LIMITED LIABILITY COMPANIES (THE "MANAGEMENT COMPANY LLCS"). EACH OF THE GENERAL PARTNER LLCS IS THE GENERAL PARTNER OF A PRIVATE EQUITY FUND OF FUNDS (COLLECTIVELY, THE "FUNDS"). EACH OF THE MANAGEMENT COMPANY LLCS MANAGES ONE OF THE FUNDS. THE INVESTORS IN THE FUNDS ARE PRINCIPALLY TAX-EXEMPT INSTITUTIONS SEEKING TO POOL THEIR INVESTMENTS. MIT IS AN INVESTOR IN EACH OF THE FUNDS, BUT DOES NOT PAY ANY MANAGEMENT OR OTHER FEE TO ANY OF THE FUNDS, GENERAL PARTNER LLCS, OR MANAGEMENT COMPANY LLCS. NONE OF THE FUNDS, GENERAL PARTNER LLCS, OR MANAGEMENT COMPANY LLCS IS A "RELATED ORGANIZATION" WITHIN THE DEFINITION SET FORTH IN THE FORM 990 INSTRUCTIONS FOR SCHEDULE R. MR. MARSH RECEIVED A PAYMENT OF $50,000 FROM MIT PRIVATE EQUITY MANAGEMENT COMPANY III, LLC ("MANAGEMENT LLC") FOR SERVICES TO MIT FOR THE CALENDAR YEAR ENDING DECEMBER 31, 2010. MANAGEMENT LLC MANAGES A PRIVATE EQUITY FUND OF FUNDS WHOSE INVESTORS ARE PRINCIPALLY TAX-EXEMPT INSTITUTIONS, INCLUDING MIT.
PRESIDENT SUSAN HOCKFIELDAS MIT HAS REPORTED IN PRIOR YEARS, MIT PAYS $125,000 ANNUALLY INTO AN ACCOUNT FOR THE BENEFIT OF THE PRESIDENT. SHE CANNOT ACCESS THAT ACCOUNT BEFORE SHE CEASES SERVING AS MIT'S PRESIDENT OR HAS SERVED FOR 10 YEARS. IN THIS FORM 990, THAT AMOUNT IS 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 $68,250. 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 EINIssuerEINCUSIP NumberCUSIPNumberDate IssuedDateIssuedIssue PriceIssuePriceDescription Of PurposeDescriptionOfPurposeDefeasedDefeasedOn Behalf Of IssuerOnBehalfOfIssuerPool FinancingPoolFinancing
Massachusetts Health & Educational Fac Authority
04245601157585K3G12003-05-07204790814CONSTRUCTION/RENOVATION/REFUNDfalsefalsefalse
Massachusetts Health & Educational Fac Authority
04245601157586CBP92004-04-02150854243CONSTRUCTION AND RENOVATIONfalsefalsefalse
Massachusetts Health & Educational Fac Authority
04245601157586C8G32008-08-13334995460CONSTRUCTION AND RENOVATIONfalsefalsefalse
Massachusetts Health & Educational Fac Authority
04245601157586ECM12008-12-10274996289CONSTRUCTION AND RENOVATIONfalsefalsefalse

Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)

Amount RetiredAmountRetiredTotal ProceedsTotalProceedsIssuance Costs From ProceedsIssuanceCostsFromProceedsCapital ExpendituresCapitalExpendituresYear Of Subst CompletionYearOfSubstCompletionCurrent RefundingCurrentRefundingAdvance RefundingAdvanceRefundingFinal Allocation MadeFinalAllocationMadeAdequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind
1470000020536123510401702043210652005truefalsetruetrue
1515992108542431507449672005falsefalsetruetrue
33608342716239123344595122010falsefalsetruetrue
27666924515882742750809712010falsefalsetruetrue

Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)

Owning Bond Financed PropertyOwningBondFinancedPropertyAny Lease ArrangementsAnyLeaseArrangementsMngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprtyAny Research AgreementsAnyResearchAgreementsBond Counsel Routinely EngagedBondCounselRoutinelyEngagedPrcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthersPercentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBITotal Private Business UseTotalPrivateBusinessUsePost Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs
falsefalsetruetruetrue0.030000.000000.03000true
falsefalsetruetruetrue0.030000.000000.03000true
falsefalsetruetruetrue0.030000.000000.03000true
falsefalsetruetruetrue0.030000.000000.03000true

Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)

Form8038 T FiledForm8038TFiledVariable Rate IssueVariableRateIssueHedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecdsGross Proceeds Invested In GICGrossProceedsInvestedInGICGross Proceeds InvestedGrossProceedsInvestedException To RebateExceptionToRebate
falsefalsefalsefalsefalsetrue
falsefalsefalsefalsefalsetrue
falsefalsefalsefalsefalsetrue
falsefalsefalsefalsetrue

Schedule L IRS990ScheduleL

Loan Table LoanTable (3 entries)

Purpose Of LoanPurposeOfLoanLoan From OrganizationLoanFromOrganizationOriginal PrincipalOriginalPrincipalAmountBalance DueBalanceDueDefaultDefaultApproved By BoardApprovedByBoardWritten AgreementWrittenAgreement
R GREGORY MORGAN
MORTGAGEX$200,00080000falsetruetrue
DAVID SCHMITTLEIN
MORTGAGEX$250,000100000falsetruetrue
Donald Lessard
EducationalX$89,85738329falsefalsetrue
FieldValueIRS element (for citing)
Total Balance Due218329TotalBalanceDue

Form990 Schedule L Part III Form990ScheduleLPartIII

FieldValueIRS element (for citing)
Name Of Interested PersonChildren's ScholarshipNameOfInterestedPerson
Relationship With OrganizationChildren of Qualified FacultyRelationshipWithOrganization
Amount Of Grant27590AmountOfGrant
Type Of AssistanceScholarshipTypeOfAssistance

Form990 Schedule L Part IV Form990ScheduleLPartIV

Name Of Interested Person NameOfInterestedPerson

FieldValueIRS element (for citing)
Name PersonSEE PART VNamePerson
FieldValueIRS element (for citing)
Sharing Of RevenuesfalseSharingOfRevenues

Form990 Schedule L Part V Form990ScheduleLPartV (2 entries)

IdentifierIdentifierExplanationExplanation
PART IIIALTHOUGH THERE MAY BE RECIPIENTS WHO ARE RELATED TO PERSONS HAVING AN INTEREST IN THE INSTITUTE, SUCH RECIPIENTS ARE SELECTED ON THE BASIS OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED, AND OTHER SIMILAR STANDARDS.
PART IVTHE FOLLOWING ARE ARM'S LENGTH TRANSACTIONS BETWEEN MIT AND 3RD PARTIES WHERE AN MIT OFFICER, DIRECTOR, TRUSTEE, KEY EMPLOYEE OR HIGHLY-COMPENSATED INDIVIDUAL SERVED ON THE BOARD OF DIRECTORS OF THE 3RD PARTY OR OWNED GREATER THAN 10% OF THE 3RD PARTY. CLAUDE CANIZARES AND ROBERT MILLARD ARE A KEY EMPLOYEE AND MEMBER OF THE EXECUTIVE COMMITTEE, RESPECTIVELY, OF MIT. BOTH ARE ALSO ON THE BOARD OF L-3 COMMUNICATIONS. MIT PROCURED EQUIPMENT FROM L-3 COMMUNICATIONS IN THE AMOUNT OF $9,389,257. MIT ALSO RECEIVED SPONSORED RESEARCH REVENUE PAYMENT FROM L-3 COMMUNICATIONS IN THE AMOUNTS OF $287,118. 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 $978,398. 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 $157,775. MIT ALSO LEASED PROPERTY TO ANALOG DEVICES, INC. THE LEASE WAS NEGOTIATED AT ARM'S LENGTH. SUSAN HOCKFIELD IS THE PRESIDENT OF MIT AND A MEMBER OF THE BOARD AT GENERAL ELECTRIC. MIT PROCURED GOODS FROM GENERAL ELECTRIC IN THE AMOUNT OF $10,420. MIT ALSO RECEIVED SPONSORED RESEARCH REVENUE, INDUSTRIAL LIASON PROGRAM MEMBERSHIP REVENUE AND LICENSING REVENUE FROM GENERAL ELECTRIC IN THE AMOUNTS OF $45,749, $75,000 AND $23,979 RESPECTIVELY. 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 2011, THEY RECEIVED COMPENSATION AND BENEFITS IN THE AMOUNTS OF $148,669, $169,051 AND $163,961 RESPECTIVELY.

Schedule M IRS990ScheduleM

Works Of Art WorksOfArt

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox
Number Of Contributions16NumberOfContributions
Noncash Contribs Rptd F9900NoncashContribsRptdF990
Method Of Determining RevenuesN/AMethodOfDeterminingRevenues
FieldValueIRS element (for citing)
Art Historical TreasuresArtHistoricalTreasures
Art Fractional InterestArtFractionalInterest

Books And Publications BooksAndPublications

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox
Noncash Contribs Rptd F9900NoncashContribsRptdF990
Method Of Determining RevenuesN/AMethodOfDeterminingRevenues

Clothing And Household Goods ClothingAndHouseholdGoods

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox
Noncash Contribs Rptd F9900NoncashContribsRptdF990
Method Of Determining RevenuesN/AMethodOfDeterminingRevenues
FieldValueIRS element (for citing)
Cars And Other VehiclesCarsAndOtherVehicles
Boats And PlanesBoatsAndPlanes
Intellectual PropertyIntellectualProperty

Securities Publicly Traded SecuritiesPubliclyTraded

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox
Number Of Contributions671NumberOfContributions
Noncash Contribs Rptd F99028919000NoncashContribsRptdF990
Method Of Determining RevenuesSELLING PRICEMethodOfDeterminingRevenues

Securities Closely Held Stock SecuritiesCloselyHeldStock

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox
Number Of Contributions12NumberOfContributions
Noncash Contribs Rptd F990267587000NoncashContribsRptdF990
Method Of Determining RevenuesSELL PRICE/APPRAISALMethodOfDeterminingRevenues

Securities Prtnrshp Trust Intrsts SecuritiesPrtnrshpTrustIntrsts

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox
Number Of Contributions2NumberOfContributions
Noncash Contribs Rptd F990440000NoncashContribsRptdF990
Method Of Determining RevenuesSELL PRICE/APPRAISALMethodOfDeterminingRevenues
FieldValueIRS element (for citing)
Securities MiscellaneousSecuritiesMiscellaneous
Qualified Contrib Hist StructQualifiedContribHistStruct
Qualified Contrib OtherQualifiedContribOther
Real Estate ResidentialRealEstateResidential
Real Estate CommercialRealEstateCommercial
Real Estate OtherRealEstateOther

Collectibles Collectibles

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox
Number Of Contributions9NumberOfContributions
Noncash Contribs Rptd F9900NoncashContribsRptdF990
Method Of Determining RevenuesN/AMethodOfDeterminingRevenues

Food Inventory FoodInventory

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox
Number Of Contributions2NumberOfContributions
Noncash Contribs Rptd F9900NoncashContribsRptdF990
Method Of Determining RevenuesN/AMethodOfDeterminingRevenues
FieldValueIRS element (for citing)
Drugs And Medical SuppliesDrugsAndMedicalSupplies
TaxidermyTaxidermy
Historical ArtifactsHistoricalArtifacts
Scientific SpecimensScientificSpecimens
Archaeological ArtifactsArchaeologicalArtifacts

Other Non Cash Contributions Table OtherNonCashContributionsTable (3 entries)

Non Cash CheckboxNonCashCheckboxDescriptionDescriptionNumber Of ContributionsNumberOfContributionsNoncash Contribs Rptd F990NoncashContribsRptdF990Method Of Determining RevenuesMethodOfDeterminingRevenues
XEQUIPMENT8362138FAIR MARKET VALUE
XArchival Records150N/A
XOTHER60N/A
FieldValueIRS element (for citing)
Number Of8283 Received3NumberOf8283Received
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeld
Review Process Unusual NC GiftstrueReviewProcessUnusualNCGifts
Third Parties UsedtrueThirdPartiesUsed

Form990 Schedule M Part II Form990ScheduleMPartII (2 entries)

IdentifierIdentifierExplanationExplanation
PART I, LINES 1 - 28The 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 33MIT RECORDS ITEMS OF COLLECTIONS AS A GIFT AT NOMINAL VALUE. THEY ARE RECEIVED FOR EDUCATIONAL PURPOSES AND GENERALLY DISPLAYED THROUGHOUT MIT. THEY ARE NOT DISPOSED OF FOR FINANCIAL GAIN OR OTHERWISE ENCUMBERED IN ANY MANNER.

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (12 entries)

IdentifierIdentifierExplanationExplanation
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, 2011, MIT LINCOLN LABORATORY EXPENDED RESEARCH FUNDING OF APPROXIMATELY $800 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 V, LINE 4BNAMES OF FOREIGN COUNTRIES: BERMUDA, UNITED KINGDOM, ARGENTINA, BRAZIL, INDIA, REPUBLIC OF KOREA, PHILIPPINES, TAIWAN, SINGAPORE, ISRAEL, GUERNSEY, CAYMAN ISLANDS
PART VI, LINE 1ATHE MIT BYLAWS VEST IN THE EXECUTIVE COMMITTEE OF THE MIT CORPORATION THE RESPONSIBILITY FOR THE GENERAL ADMINISTRATION AND SUPERINTENDENCE OF ALL MATTERS RELATING TO MIT, INCLUDING ITS ORGANIZATIONAL STRUCTURE, ANNUAL BUDGETS, TUITION, THE SCOPE OF ITS EDUCATIONAL AND RESEARCH PROGRAMS, NEW PLANT AND FACILITIES NEEDS, AND THE BROAD CONSIDERATIONS CONCERNED WITH PROVIDING NEW FUNDS FOR MIT PURPOSES. THE EXECUTIVE COMMITTEE CONSISTS OF 11 MEMBERS AND MEETS 10 TIMES EACH YEAR. THE MIT CORPORATION IS A BODY CURRENTLY COMPRISED OF 74 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 1BIN SCHEDULE L, PART IV, MIT REPORTS TRANSACTIONS WITH VARIOUS COMPANIES WHOSE BOARDS OF DIRECTORS INCLUDE MEMBERS OF MIT'S GOVERNING BODY. THE REPORTED TRANSACTIONS WERE ARM'S LENGTH, COMMERCIAL TRANSACTIONS OCCURRING IN THE ORDINARY COURSE OF BUSINESS FOR BOTH MIT AND THE VARIOUS COMPANIES AND WERE IMMATERIAL TO THE INDEPENDENCE OF THOSE INDIVIDUALS.
PART VI, LINE 2CLAUDE 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, STEVEN MARSH AND DANIEL STEELE ARE TREASURER AND MEMBERS, RESPECTIVELY, OF THE MIT PRIVATE EQUITY FUNDS.
PART VI, LINE 7ATHE MIT CORPORATION ELECTS THE NON EX-OFFICIO MEMBERS OF MIT'S GOVERNING BODY (THE EXECUTIVE COMMITTEE OF THE CORPORATION). EX-OFFICIO MEMBERS OF THE EXECUTIVE COMMITTEE ARE THE CHAIR OF THE CORPORATION, THE PRESIDENT, THE EXECUTIVE VICE-PRESIDENT AND TREASURER, AND THE CHAIR OF THE INVESTMENT MANAGEMENT COMPANY.
PART VI, LINE 10BTHE WRITTEN POLICIES AND PROCEDURES OF THE INSTITUTE APPLY TO ITS SUBSIDIARIES. THE ORGANIZATIONAL DOCUMENTS OF OTHER ORGANIZATIONS OVER WHICH MIT EXERCISES SUPERVISION AND CONTROL INCLUDE PROVISIONS THAT ALIGN THEIR MISSIONS WITH MIT'S MISSION.
PART VI, LINE 11MIT'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 12CMONITORING AND ENFORCING COMPLIANCE WITH CONFLICT OF INTEREST POLICIES DISCLOSURE: MIT HAS TWO PRIMARY CONFLICT OF INTEREST POLICIES - THE POLICY CONCERNING AVOIDANCE OF CONFLICTS OF INTEREST WHICH COVERS ALL INDIVIDUALS SERVING ON THE MIT EXECUTIVE COMMITTEE (MIT'S GOVERNING BODY) AND CORPORATION, AND THE SECTION OF MIT'S POLICIES AND PROCEDURES TITLED CONFLICT OF INTEREST, WHICH IS GENERALLY APPLICABLE TO MEMBERS OF THE MIT COMMUNITY. ANNUAL DISCLOSURE BOTH POLICIES REQUIRE THAT COVERED INDIVIDUALS ANNUALLY ACKNOWLEDGE IN WRITING THAT THEY ARE AWARE OF THE POLICY AND IDENTIFY ANY RELATIONSHIPS OR RESPONSIBILITIES THAT HAVE THE POTENTIAL OF PRODUCING CONFLICTS OF INTEREST. EACH YEAR, DISCLOSURE FORMS ARE DISTRIBUTED TO THOSE COVERED BY THESE POLICIES. IF A RESPONSE REVEALS A CONFLICT OR POTENTIAL CONFLICT, SUCH CONFLICT IS REFERRED TO THE APPROPRIATE INDIVIDUAL OR BODY FOR CONSIDERATION AND MANAGEMENT. AD HOC DISCLOSURE IN ADDITION TO THE ANNUAL DISCLOSURE PROCESS, POTENTIAL CONFLICTS OF INTEREST OF INDIVIDUALS SERVING ON THE MIT EXECUTIVE COMMITTEE, ON THE CORPORATION OR AS OFFICERS ARE RAISED, CONSIDERED AND ADDRESSED ON AN 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 15THE 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 19THE 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 ADETAILS OF REFUNDED BOND ISSUES HEFA SERIES L BOND (ISSUED MAY 7, 2003) REFUNDED HEFA SERIES H BOND ISSUED ON APRIL 6, 1993. HEFA SERIES H BOND WAS USED FOR CONSTRUCTION AND TO REFUND HEFA SERIES D BOND ISSUED MAY 14, 1980. SCHEDULE K, PART 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 ALL OF ITS MANAGEMENT CONTRACTS FALL WITHIN REVENUE PROCEDURE 97-13'S SAFE HARBOR, AND THAT ALL OF ITS PRIVATE SPONSORED RESEARCH CONTRACTS FALL WITHIN THE REVENUE PROCEDURES 2007-47'S SAFE HARBOR (TOGETHER, THESE TWO TYPES OF CONTRACTS ARE REFERRED TO IN THIS FORM 990 AS "OUTSIDE CONTRACTS"). THIS POLICY ENSURES THAT IN THE UNLIKELY EVENT THAT PRIVATE BUSINESS USE MIGHT ARISE, THAT SUCH USE WILL BE MAINTAINED AT A LEVEL THAT IS BELOW THE 5% SAFE HARBOR OF EACH BOND ISSUE. MIT REGULARLY REVIEWS ITS PROCEDURES IN ORDER TO ENSURE COMPLIANCE WITH ITS PRIVATE BUSINESS USE POLICY.

Schedule R IRS990ScheduleR

Form990 Schedule R Part I Form990ScheduleRPartI (35 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesLegal Domicile StateLegalDomicileStateTotal IncomeTotalIncomeEOY AssetsEOYAssetsBusiness Name Line1DirectControllingEntityName/BusinessNameLine1
MIT Real Estate LLC
237 MAIN STREET SUITE 200CAMBRIDGEMA02142810643869Real EstateMA201718753690000NA
Technology Square Finance LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142810643894Real EstateMANA
MIT One Broadway LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000909974Real EstateMA488595991200000NA
MIT 130 Brookline LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000912051Real EstateMA1320000NA
MIT Vassar Holdings LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000916958Real EstateMA-1176245600000NA
Tech Square JV LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000929104Real EstateMA291390742494000NA
MIT 600 Memorial Drive LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000937779Real EstateMANA
MIT 170171 Sidney LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000961273Real EstateMA1352022525000NA
MIT 300 Third LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000961269Real EstateMA88932017675000NA
MIT 770790 Memorial LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000961268Real EstateMA65740413100000NA
MIT 99 Erie LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000961270Real EstateMA1427652980000NA
MIT 128 Sidney SPE LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000974423Real EstateMANA
MIT 148 Sidney SPE LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000974420Real EstateMANA
MIT 149 Sidney SPE LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000974421Real EstateMANA
MIT 185 Albany SPE LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000974418Real EstateMANA
MIT 195 Albany SPE LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000974416Real EstateMANA
MIT 207 Albany SPE LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000974419Real EstateMANA
MIT 640 Memorial SPE LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000974425Real EstateMANA
MIT One Broadway Fee Owner LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000974424Real EstateMANA
MIT 128 Sidney Leasehold LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000976111Real EstateMA196500022000000NA
MIT 148 Sidney Leasehold LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000976112Real EstateMA5339857750000NA
MIT 149 Sidney Leasehold LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000976113Real EstateMA90957618000000NA
177 Massachusetts Avenue Leasehold LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000983429Real EstateMA1721249147090500NA
MIT West 300 Block JV LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000983463Real EstateMANA
650 Main Street Leasehold LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000983423Real EstateMA31082921000000NA
MIT 177 Massachusetts Avenue LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000983426Real EstateMANA
MIT 650 Main Street LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000983425Real EstateMANA
MIT East 300 Block JV LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142Real EstateMA958254NA
MIT 8 Carleton Street LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142Real EstateMA-106894-1809517NA
MIT 640 Memorial Leasehold LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142Real EstateMA-130840390000000NA
MIT 424-456 Massachusetts Avenue LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142Real EstateMANA
424-456 Massachusetts Avenue Leasehold L
238 MAIN STREET SUITE 200CAMBRIDGEMA02142Real EstateMA2120005700000NA
MIT 281-295 Albany Street LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142Real EstateMANA
281-295 Albany Street Leasehold LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142Real EstateMA1360513950000NA
Meadowlark Associates LLC
238 MAIN STREET SUITE 200CambridgeMA02142042103594InvestmentMA-2508061105764075NA

Form990 Schedule R Part II Form990ScheduleRPartII (9 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesLegal Domicile StateLegalDomicileStateExempt Code SectionExemptCodeSectionPublic Charity StatusPublicCharityStatusBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Direct Controlling Entity NADirectControllingEntityNA
MIT ENTERPRISE FORUM INC
77 MASSACHUSETTS AVENUECAMBRIDGEMA02139042921492EDUCATIONMA501(c)(3)11A Type IMIT
MIT REAL ESTATE FOUNDATION INC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142043397800REAL ESTATEMA501(c)(3)11A TYPE IMIT
TECHNOLOGY REVIEW INC
ONE MAIN STREET 7TH FLOORCAMBRIDGEMA02142954893200PUBLICATIONMA501(c)(3)11A Type IMIT
TECHNOLOGY BROADCASTING CORPORATION
3 AMES STREETCAMBRIDGEMA02142237154684RADIOMA501(c)(3)LINE 9MIT
LORD FOUNDATION OF MASSACHUSETTS INC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142042748895MIT SUPPORTMA501(c)(3)11A Type IMIT
MIT RETIREE WELFARE BENEFIT TRUST
77 MASSACHUSETTS AVE NE49-31CAMBRIDGEMA02139043177556HEALTH BEN.MA501(c)(3)11A Type IMIT
KENDALL PARTNERS I INC
238 MAIN ST STE 200CAMBRIDGEMA02142270565900TITLE HOLDMA501(c)(2)MIT
The Massachusetts Green High Performance
77 MASSACHUSETTS AVENUE NE49-3142CambridgeMA02139273014805ResearchMA501(c)(3)11A Type IN/A
MGHPCC Holyoke Inc
77 MASSACHUSETTS AVENUE NE49-3142CambridgeMA02139452257442ResearchMA501(c)(3)11A Type IN/A

Form990 Schedule R Part III Form990ScheduleRPartIII (16 entries)

EINEINPrimary ActivityPrimaryActivityLegal Domicile Foreign CountryLegalDomicileForeignCountryDirect Controlling Entity NADirectControllingEntityNAPredominant Income TypePredominantIncomeTypeShare Of Total IncomeShareOfTotalIncomeShare Of EOY AssetsShareOfEOYAssetsDisproportionate AllocationsDisproportionateAllocationsGeneral Or Managing PartnerGeneralOrManagingPartnerPercentage OwnershipPercentageOwnershipLegal Domicile StateLegalDomicileStateBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Code VCodeVAmount
Alchemy Plan (Cambridge) LP
980203250INVESTMENTSGKN/AExcluded387228131359519falsefalse0.99010
Chickadee LP
260655312INVESTMENTSN/AExcluded383764241980479falsefalse0.95980DE
Mallard Fund LP
208974201INVESTMENTSExcluded-2508061105764075falsefalse0.99120TXMeadowlark
Northaven Partners III LP
133908626INVESTMENTSN/AExcluded-38016995378524falsefalse0.51590NY
Wexford Special Situations 1996 Institu
061448084INVESTMENTSN/AExcluded851682868082falsefalse0.50800DE-$7,157
Wexford Special Situations 1997 Institu
061483925INVESTMENTSN/AExcluded-485693198061falsefalse0.55410DE-$75,528
Wexford-MIT Energy LP
800057801INVESTMENTSN/AExcluded-17211046994560falsefalse0.66860DE-$1,721,213
Wexford-MIT Energy II LP
760787877INVESTMENTSN/AExcluded-181434826626946falsefalse0.90900DE-$1,363,460
India Institutional Fund LLC
980442802INVESTMENTSN/AExcluded919363334020012falsefalse0.80230DE
Wexford-MIT Distressed LP
113650262INVESTMENTSN/AExcluded145423026196335falsefalse0.67010DE
Israel Growth Fund LP
521924056INVESTMENTSN/AExcluded9721612026falsefalse0.52480DE
WTC-CTF MIT Japan Special Situations II
371565906INVESTMENTSN/AExcluded205808272447197falsefalse0.72900DE
MIT Investments 2009 LP
270896088INVESTMENTSN/AExcluded11589328564820150falsetrue0.94090DE$1,699,767
MD Investors Value Fund
300615514INVESTMENTSExcluded4911757108378854falsefalse0.98000DEMIT Invest 2010
Stockbridge Fund M LP
272122022INVESTMENTSExcluded69491250059697falsefalse0.99750MAMIT Invest 2010
MIT Investments 2010 LP
270542081INVESTMENTSN/AExcluded16914315644824906falsetrue0.99270DE

Form990 Schedule R Part IV Form990ScheduleRPartIV (15 entries)

Primary ActivityPrimaryActivityLegal Domicile Foreign CountryLegalDomicileForeignCountryDirect Controlling Entity NADirectControllingEntityNAType Of EntityTypeOfEntityShare Of Total IncomeShareOfTotalIncomeShare Of EOY AssetsShareOfEOYAssetsPercentage OwnershipPercentageOwnershipAddress Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeLegal Domicile StateLegalDomicileStateBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Address Line1AddressForeign/AddressLine1CityAddressForeign/CityCountryAddressForeign/CountryPostal CodeAddressForeign/PostalCode
BARTON INSURANCE CO LTD
INSURANCEBDN/AForeign CORP-350786968353721.00000
MIT PRESS LIMITED
PUBLICATIONUKN/AForeign CORP15785213762291.00000
SINGAPORE-MIT ALLIANCE FOR RES AND TECH
RESEARCHSNN/AForeign CORP0256226121.00000
MITPATRON GP LIMITED
INVESTMENTSUKN/AForeign CORP001.00000
Bose Corporation (See Part VII)
Prodct DevelpmntN/AC CorpThe MountainFraminghamMA01701DE
Charitable Remainder Trusts (263)
InvestmentsN/ATrustMA
Charitable Lead Trust
InvestmentsN/ATrustMA
Pooled Income Funds (237)
InvestmentsN/ATrustMA
Charitable Remainder Trusts (20)
InvestmentsN/ATrustMA
Charitable Lead Trusts (6)
InvestmentsN/ATrustMA
Outside Perpetual Trusts (16)
InvestmentsN/ATrustMA
The Gallinule Fund
InvestmentsCJForeign Corp2536280360.99270MIT Invest 2010
Gaoling Feeder II LTD
InvestmentsCJN/AForeign Corp2264861091.00000
MIT India Trust
Education SupportINN/AForeign Trust1.00000Pirojshanager Eastern Express HwyMumbaiIN400079
MITPatron Scotland LP
InvestmentsUKN/AForeign CORP-1596000179510001.00000
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents RoyaltiesfalseReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other OrgtrueGiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other OrgtrueGiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other OrgtrueLoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other OrgfalseLoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other OrgfalseSaleOfAssetsToOtherOrg
Purchase Of Assets From Other OrgfalsePurchaseOfAssetsFromOtherOrg
Exchange Of AssetsfalseExchangeOfAssets
Rental Of Facilities To Other OrgsfalseRentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other OrgsfalseRentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other OrgsfalsePerformOfServicesForOtherOrgs
Perform Of Services By Other OrgstruePerformOfServicesByOtherOrgs
Sharing Of FacilitiesfalseSharingOfFacilities
Sharing Of Paid EmployeesfalseSharingOfPaidEmployees
Reimbursement Paid To Other OrgtrueReimbursementPaidToOtherOrg
Reimbursement Paid By Other OrgtrueReimbursementPaidByOtherOrg
Other Transfer To Other OrgtrueOtherTransferToOtherOrg
Other Transfer From Other OrgtrueOtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (11 entries)

Transaction TypeTransactionTypeAmount InvolvedAmountInvolved
THE MASSACHUSETTS GREEN HIGH PERFORMANCE
B1182000
SINGAPORE-MIT ALLIANCE FOR RESEARCH AND TECH
C8163000
TECHNOLOGY REVIEW INC
D2718000
MIT PRESS LTD
L504000
TECHNOLOGY REVIEW INC
O1665000
THE MASSACHUSETTS GREEN HIGH PERFORMANCE
O1251000
SINGAPORE-MIT ALLIANCE FOR RESEARCH AND TECH
P3866000
BARTON INSURANCE CO LTD
Q898000
LORD FOUNDATION
Q903000
LORD FOUNDATION
R1531000
MIT PRESS LTD
R69418

Form990 Schedule R Part VII Form990ScheduleRPartVII

FieldValueIRS element (for citing)
IdentifierBose CorporationIdentifier
Return ReferenceSchedule R, Part IVReturnReference
ExplanationMIT is the owner (received by way of two charitable gifts) of a majority of Bose Corporation's Class B shares (84,049,531 shares) gifted from Contributor #1, Schedule B, Part I, and an additional 338,837 shares gifted from Contributor #2, Schedule B, Part I. 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. ** Please note that e-file software does not allow for certain explanations at Schedule B and Schedule R. These explanations are inserted here at Schedule R Part VII.Explanation

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