FURP.ORG / PUBLIC DATA EXPLORER

MASSACHUSETTS INSTITUTE OF TECHNOLOGY: Form 990, tax year 2009

View the entire original 990 at ProPublica ↗

Organization
MASSACHUSETTS INSTITUTE OF TECHNOLOGY (EIN 04-2103594)
Tax period
2009-07-01 to 2010-06-30
Filed
2011-05-10
IRS object ID
201131309349300238
Schema version
2009v1.7
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)
Timestamp2011-05-10T11:46:43-05:00Timestamp
Tax Period End Date2010-06-30TaxPeriodEndDate
Return Type990ReturnType
Tax Period Begin Date2009-07-01TaxPeriodBeginDate

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)
NameTheresa M StoneName
TitleExecutive Vice Pres & TreasurerTitle
Phone6172533928Phone
Date Signed2011-05-09DateSigned
FieldValueIRS element (for citing)
Tax Year2009TaxYear
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 Receipts40916968000GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Organization501cXOrganization501c
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 Employees21780TotalNbrEmployees
Total Nbr Volunteers9640TotalNbrVolunteers
Total Gross UBI-32366000TotalGrossUBI
Contributions Grants Prior Year791392000ContributionsGrantsPriorYear
Contributions Grants Current Year688550000ContributionsGrantsCurrentYear
Program Service Revenue Prior Year1474741000ProgramServiceRevenuePriorYear
Program Service Revenue CY1541222000ProgramServiceRevenueCY
Investment Income Prior Year32575000InvestmentIncomePriorYear
Investment Income Current Year256015000InvestmentIncomeCurrentYear
Other Revenue Prior Year-651010000OtherRevenuePriorYear
Other Revenue Current Year241278000OtherRevenueCurrentYear
Total Revenue Prior Year1647698000TotalRevenuePriorYear
Total Revenue Current Year2727065000TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year310272000GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY398521000GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year1136101000SalariesEtcPriorYear
Salaries Etc Current Year1141615000SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year313000TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY245000TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year24009000TotalFundrsngExpCurrentYear
Other Expense Prior Year1211521000OtherExpensePriorYear
Other Expenses Current Year1386448000OtherExpensesCurrentYear
Total Expenses Prior Year2658207000TotalExpensesPriorYear
Total Expenses Current Year2926829000TotalExpensesCurrentYear
Revenues Less Expenses Prior Year-1010509000RevenuesLessExpensesPriorYear
Revenues Less Expenses CY-199764000RevenuesLessExpensesCY
Total Assets BOY12898453000TotalAssetsBOY
Total Assets EOY13371065000TotalAssetsEOY
Total Liabilities BOY2950534000TotalLiabilitiesBOY
Total Liabilities EOY3021352000TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY9947919000NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY10349713000NetAssetsOrFundBalancesEOY
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
Expense629746000Expense
Grants162161000Grants
Revenue494127000Revenue
DescriptionINSTRUCTION AND UNSPONSORED RESEARCH: MIT IS COMMITTED TO PROVIDING A WORLD-CLASS EDUCATION TO OUR APPROXIMATELY 4,200 UNDERGRADUATES AND APPROXIMATELY 6,100 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)
Expense1170922000Expense
Revenue1151494000Revenue
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)
Expense230269000Expense
Grants230269000Grants
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 2010, APPROXIMATELY 62% 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 Exp96060000TotalOfOtherProgramServiceExp
Total Of Other Program Service Grnt6091000TotalOfOtherProgramServiceGrnt
Total Of Other Program Service Rev91078000TotalOfOtherProgramServiceRev
Total Program Service Expense2126997000TotalProgramServiceExpense
Described In501 C3trueDescribedIn501C3
Schedule B RequiredtrueScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Lobbying ActivitiestrueLobbyingActivities
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArttrueCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentstrueTermOrPermanentEndowments
Balance Sheet Amounts ReportedtrueBalanceSheetAmountsReported
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
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 PersonfalseGrantToRelatedPerson
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
Transfers To Exempt Non Chrtbl OrgtrueTransfersToExemptNonChrtblOrg
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredtrueScheduleORequired
Number Forms Transmitted With109625837NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup WitholdingtrueComplianceWithBackupWitholding
Number Of Employees21780NumberOfEmployees
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
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

Form990 Part VII Section A Form990PartVIISectionA (25 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationOfficerOfficerKey EmployeeKeyEmployeeHighest Compensated EmployeeHighestCompensatedEmployee
DENIS BOVIN
EXECUTIVE COMMITTEE MEMBER5.0X000
JAMES CHAMPY
EXECUTIVE COMMITTEE MEMBER5.0X000
LAWRENCE FISH
EXECUTIVE COMMITTEE MEMBER5.0X000
ANITA JONES
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
DANA MEAD OUTGOING CHAIRMAN
CHAIRMAN OF THE CORPORATION30.0X247664054906X
JOHN REED INCOMING CHAIRMAN
CHAIRMAN OF THE CORPORATION30.0X000X
SUSAN HOCKFIELD
PRESIDENT60.0X7912590140344X
THERESA STONE
EXECUTIVE VP & TREASURER60.0X506280064452X
KIRK KOLENBRANDER
VP & SECRETARY OF THE CORP.60.0X228270057181X
SETH ALEXANDER
PRESIDENT OF MITIMCO60.01047302054367X
PHILLIP CLAY
CHANCELLOR60.0306828080851X
R GREGORY MORGAN
VP & GENERAL COUNSEL60.0523941066590X
JEFFREY NEWTON
VP OF RESOURCE DEVELOPMENT60.0375903065469X
L RAFAEL REIF
PROVOST60.0529565085232X
CLAUDE CANIZARES
VICE PRESIDENT FOR RESEARCH60.0318514082601X
ERIC EVANS
DIRECTOR OF LINCOLN LAB60.0363800052235X
DAVID SCHMITTLEIN
DEAN SLOAN SCHOOL OF MGMT60.0718773045129X
NELSON REPENNING
PROFESSOR SLOAN SCHOOL OF MGMT60.0727959025236X
STEVEN MARSH
MANAGING DIRECTOR - MITIMCO60.0675927056481X
PHILIP ROTNER
MANAGING DIRECTOR - MITIMCO60.0670527053869X
DANIEL STEELE
MANAGING DIRECTOR - MITIMCO60.0669271061642X
FieldValueIRS element (for citing)
Total Reportable Comp From Org8701783TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation1046585TotalOtherCompensation
Number Individuals GT100 K2598NumberIndividualsGT100K
Formers ListedfalseFormersListed
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 DRIVEDANVERSMA01923CONSTRUCTION111782910
WALSH BROTHERS INC
210 COMMERCIAL STREETBOSTONMA02109CONSTRUCTION65245356
BOND BROTHERS INC
145 SPRING STREETEVERETTMA02149CONSTRUCTION44112268
SHAWMUT DESIGN CONSTRUCTION CO
560 HARRISON AVEBOSTONMA02118CONSTRUCTION17229997
NEXTSOURCE INC
3 PARK AVENUE 15TH FLOORNEW YORKNY10016STAFFING SERVICES10393089
FieldValueIRS element (for citing)
Number Of Contractors GT100 K457NumberOfContractorsGT100K
Related Organizations7471000RelatedOrganizations
Government Grants380860000GovernmentGrants
All Other Contributions300219000AllOtherContributions
Noncash Contributions39957000NoncashContributions
Total Contributions688550000TotalContributions

Program Service Revenue ProgramServiceRevenue (4 entries)

DescriptionDescriptionTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncomeBusiness CodeBusinessCodeUnrelated Business RevenueUnrelatedBusinessRevenue
SPONSORED RESEARCH CONTRACTS960166000960166000
FEES AND SERVICES86929000833930002210003536000
OTHER PROGRAMS1900500019005000
TUITION475122000475122000
FieldValueIRS element (for citing)
Total Program Service Revenue1541222000TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column53082000TotalRevenueColumn
Unrelated Business Revenue-36064000UnrelatedBusinessRevenue
Exclusion$89,146,000ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

FieldValueIRS element (for citing)
Total Revenue Column646000TotalRevenueColumn
Exclusion$646,000ExclusionAmount

Royalties Revenue RoyaltiesRevenue

FieldValueIRS element (for citing)
Total Revenue Column75175000TotalRevenueColumn
Exclusion$75,175,000ExclusionAmount

Gross Rents GrossRents

FieldValueIRS element (for citing)
Real78616000Real

Less Rental Expenses LessRentalExpenses

FieldValueIRS element (for citing)
Real18628000Real

Rental Income Or Loss RentalIncomeOrLoss

FieldValueIRS element (for citing)
Real59988000Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column59988000TotalRevenueColumn
Exclusion$59,988,000ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities38373562000Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Securities38171275000Securities

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities202287000Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column202287000TotalRevenueColumn
Exclusion$202,287,000ExclusionAmount

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 (2 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncomeUnrelated Business RevenueUnrelatedBusinessRevenue
AUXILIARY ENTERPRISES5111209107800090916000162000
CHANGE IN LIFE INCOME FUNDS1503700015037000
FieldValueIRS element (for citing)
Total Other Revenue106115000TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column2727065000TotalRevenueColumn
Related Or Exempt Function Income1643639000RelatedOrExemptFunctionIncome
Unrelated Business Revenue-32366000UnrelatedBusinessRevenue
Exclusion$427,242,000ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total2281000Total
Program Services2281000ProgramServices

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total394362000Total
Program Services394362000ProgramServices

Foreign Grants ForeignGrants

FieldValueIRS element (for citing)
Total1878000Total
Program Services1878000ProgramServices

Benefits To Members BenefitsToMembers

FieldValueIRS element (for citing)
Total0Total
Program Services0ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total4639000Total
Program Services689000ProgramServices
Management And General3573000ManagementAndGeneral
Fundraising377000Fundraising

Comp Disqual Persons CompDisqualPersons

FieldValueIRS element (for citing)
Total0Total
Program Services0ProgramServices

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total954285000Total
Program Services786676000ProgramServices
Management And General154091000ManagementAndGeneral
Fundraising13518000Fundraising

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total-23100000Total
Program Services-20023000ProgramServices
Management And General-3989000ManagementAndGeneral
Fundraising912000Fundraising

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total146051000Total
Program Services119931000ProgramServices
Management And General23992000ManagementAndGeneral
Fundraising2128000Fundraising

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total59740000Total
Program Services48857000ProgramServices
Management And General9734000ManagementAndGeneral
Fundraising1149000Fundraising

Fees For Services Management FeesForServicesManagement

FieldValueIRS element (for citing)
Total41399000Total
Program Services21115000ProgramServices
Management And General20284000ManagementAndGeneral

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total18112000Total
Program Services11284000ProgramServices
Management And General6828000ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total759000Total
Program Services21000ProgramServices
Management And General738000ManagementAndGeneral

Fees For Services Lobbying FeesForServicesLobbying

FieldValueIRS element (for citing)
Total0Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total245000Total
Fundraising245000Fundraising

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

FieldValueIRS element (for citing)
Total6748000Total
Management And General6748000ManagementAndGeneral

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total36642000Total
Program Services19161000ProgramServices
Management And General17481000ManagementAndGeneral

Advertising Advertising

FieldValueIRS element (for citing)
Total5711000Total
Program Services5080000ProgramServices
Management And General631000ManagementAndGeneral

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total27190000Total
Program Services18251000ProgramServices
Management And General8011000ManagementAndGeneral
Fundraising928000Fundraising

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total38763000Total
Program Services31010000ProgramServices
Management And General7611000ManagementAndGeneral
Fundraising142000Fundraising

Royalties Royalties

FieldValueIRS element (for citing)
Total40628000Total
Program Services20664000ProgramServices
Management And General19964000ManagementAndGeneral

Occupancy Occupancy

FieldValueIRS element (for citing)
Total23640000Total
Program Services18547000ProgramServices
Management And General5063000ManagementAndGeneral
Fundraising30000Fundraising

Travel Travel

FieldValueIRS element (for citing)
Total57483000Total
Program Services53732000ProgramServices
Management And General2515000ManagementAndGeneral
Fundraising1236000Fundraising

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

FieldValueIRS element (for citing)
Total0Total
Program Services0ProgramServices

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total29837000Total
Program Services25752000ProgramServices
Management And General3490000ManagementAndGeneral
Fundraising595000Fundraising

Interest Interest

FieldValueIRS element (for citing)
Total57574000Total
Program Services47489000ProgramServices
Management And General10022000ManagementAndGeneral
Fundraising63000Fundraising

Payments To Affiliates PaymentsToAffiliates

FieldValueIRS element (for citing)
Total1825000Total
Program Services1825000ProgramServices

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total103776000Total
Program Services87078000ProgramServices
Management And General16386000ManagementAndGeneral
Fundraising312000Fundraising

Insurance Insurance

FieldValueIRS element (for citing)
Total46495000Total
Program Services37142000ProgramServices
Management And General9353000ManagementAndGeneral

Other Expenses OtherExpenses (5 entries)

DescriptionDescriptionTotalTotalManagement And GeneralManagementAndGeneralProgram ServicesProgramServicesFundraisingFundraising
PENSION RELATED CHARGES238137000238137000
SUBRECIPIENT AGREEMENTS117442000117442000
FACILITIES CHARGES11190400017398000928800001626000
EQUIPMENT RENTAL AND MAIN1127950003354700079004000244000
MEDICAL PRO SUPPLY AND SVCS973330005644800040885000

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total172255000Total
Program Services63984000ProgramServices
Management And General107767000ManagementAndGeneral
Fundraising504000Fundraising

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total2926829000Total
Program Services2126997000ProgramServices
Management And General775823000ManagementAndGeneral
Fundraising24009000Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY69554000BOY
EOY134438000EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY716832000BOY
EOY754529000EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

FieldValueIRS element (for citing)
BOY550557000BOY
EOY480654000EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY240010000BOY
EOY201698000EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

FieldValueIRS element (for citing)
BOY700000BOY
EOY270000EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

FieldValueIRS element (for citing)
BOY48953000BOY
EOY49496000EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

FieldValueIRS element (for citing)
BOY12124000BOY
EOY5545000EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY45152000BOY
EOY43099000EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis3198270000LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec879004000LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY2112104000BOY
EOY2319266000EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY621539000BOY
EOY1439550000EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY8314257000BOY
EOY7923679000EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY166671000BOY
EOY18841000EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY12898453000BOY
EOY13371065000EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY370962000BOY
EOY379566000EOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY26664000BOY
EOY21836000EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

FieldValueIRS element (for citing)
BOY1496547000BOY
EOY1489224000EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

FieldValueIRS element (for citing)
BOY239038000BOY
EOY238432000EOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

FieldValueIRS element (for citing)
BOY258000BOY
EOY870000EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY817065000BOY
EOY891424000EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY2950534000BOY
EOY3021352000EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY3561456000BOY
EOY3784709000EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY4401015000BOY
EOY4463066000EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY1985448000BOY
EOY2101938000EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY9947919000BOY
EOY10349713000EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY12898453000BOY
EOY13371065000EOY
FieldValueIRS element (for citing)
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
Contrib By Controlling IndividualfalseContribByControllingIndividual
Contribution By Related PartyfalseContributionByRelatedParty
Contrib By35 Controlled EntityfalseContribBy35ControlledEntity

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$234,804DirectContactLegislatorsAmount
Rallies DemonstrationsfalseRalliesDemonstrations
Other ActivitiestrueOtherActivities
Total Lobbying Expenditures IIB234804TotalLobbyingExpendituresIIB
Not Described In501c3falseNotDescribedIn501c3
Form4720 Filed4912 TaxfalseForm4720Filed4912Tax

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 2010 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 Balance8151805000BeginningOfYearBalance
Contributions61779000Contributions
Investment Earnings Or Losses768418000InvestmentEarningsOrLosses
Grants Or Scholarships104997000GrantsOrScholarships
Other Expenditures396737000OtherExpenditures
Administrative Expenses16810000AdministrativeExpenses
End Of Year Balance8463458000EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

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 Balance0.29520BoardDesignatedEOYBalance
Permanent Endowment EOY Balance0.23862PermanentEndowmentEOYBalance
Term Endowment EOY Balance0.46618TermEndowmentEOYBalance
Endowments Held By Unrelated OrgstrueEndowmentsHeldByUnrelatedOrgs
Endowments Held By Related OrgstrueEndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule RtrueAreRelatedOrgsListedScheduleR

Land Land

FieldValueIRS element (for citing)
Investment Cost Or Other Basis0InvestmentCostOrOtherBasis
Other Cost Or Other Basis59598000OtherCostOrOtherBasis
Book Value59598000BookValue

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis2892304000OtherCostOrOtherBasis
Depreciation810007000Depreciation
Book Value2082297000BookValue

Leasehold Improvements LeaseholdImprovements

FieldValueIRS element (for citing)
Other Cost Or Other Basis61830000OtherCostOrOtherBasis
Depreciation17316000Depreciation
Book Value44514000BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis184538000OtherCostOrOtherBasis
Depreciation51681000Depreciation
Book Value132857000BookValue
FieldValueIRS element (for citing)
Other Land BuildingsOtherLandBuildings
Total Of Book Value Land Buildings2319266000TotalOfBookValueLandBuildings
Financial DerivativesFinancialDerivatives
Closely Held Equity InterestsCloselyHeldEquityInterests

Other Securities OtherSecurities (7 entries)

DescriptionDescriptionBook ValueBookValueMethod Of ValuationMethodOfValuation
MINORITY INTEREST230433000F
FIXED INCOME206885000F
EQUITIES4267521000F
MARKETABLE ALTERNATIVES1814893000F
REAL ESTATE1352644000F
PERPETUAL TRUSTS53134000F
INTEREST RATE SWAPS-1831000F
FieldValueIRS element (for citing)
Total Of Book Value Securities7923679000TotalOfBookValueSecurities
Federal Income Tax Liability0FederalIncomeTaxLiability

Other Liabilities OtherLiabilities (4 entries)

DescriptionDescriptionAmountAmount
WITHHOLDINGS, DEPOSITS AND OTHER CREDITS$265,254,000
MINORITY INTEREST$230,433,000
ADVANCE PAYMENTS$362,147,000
GOVERNMENT ADVANCES$33,590,000
FieldValueIRS element (for citing)
Total Of Amounts891424000TotalOfAmounts

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. THEY 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, 2010 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
Pub Via Broadcast Media ExplnMIT'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://WWW.MITADMISSION.ORG/POLICIES.SHTML. 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.PubViaBroadcastMediaExpln
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
Govt Financial Aid ExplanationPELL AND PERKINS GRANTS FROM THE U.S. DEPARTMENT OF EDUCATION.GovtFinancialAidExplanation
Compliance With Rev Proc7550trueComplianceWithRevProc7550

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedtrueGrantRecordsMaintained

Accts Actvs Out US Table AcctsActvsOutUSTable (36 entries)

RegionRegionNumber Of OfficesNumberOfOfficesNumber Of EmployeesNumberOfEmployeesType Of Activities ConductedTypeOfActivitiesConductedSpecific Services ProvidedSpecificServicesProvidedTotal ExpendituresTotalExpenditures
East Asia and the Pacific00Program ServicesSUBRECIPIENT AGREEMENT2398898
Europe (Including Iceland and Greenland)00Program ServicesSUBRECIPIENT AGREEMENT2591134
Middle East and North Africa00Program ServicesSUBRECIPIENT AGREEMENT16537
North America00Program ServicesSUBRECIPIENT AGREEMENT375327
Russia and the Newly Independent States00Program ServicesSUBRECIPIENT AGREEMENT70637
South Asia00Program ServicesSUBRECIPIENT AGREEMENT301616
Sub-Saharan Africa00Program ServicesSUBRECIPIENT AGREEMENT95000
East Asia and the Pacific0252Program ServicesRESEARCH5341366
Europe (Including Iceland and Greenland)029Program ServicesRESEARCH2141780
Central America and the Caribbean00Grantmaking25837
East Asia and the Pacific00Grantmaking419108
Europe (Including Iceland and Greenland)00Grantmaking691412
Middle East and North Africa00Grantmaking283434
North America00Grantmaking138257
Russia and the Newly Independent States00Grantmaking8107
South America00Grantmaking78415
South Asia00Grantmaking101686
Sub-Saharan Africa00Grantmaking131914
East Asia and the Pacific015Fundraising222511
Europe (Including Iceland and Greenland)013Fundraising174443
Middle East and North Africa03Fundraising36987
North America01Fundraising612
South America02Fundraising5994
East Asia and the Pacific017Program ServicesEDUCATION572778
Europe (Including Iceland and Greenland)015Program ServicesEDUCATION101272
Middle East and North Africa02Program ServicesEDUCATION12241
North America02Program ServicesEDUCATION1837
South America03Program ServicesEDUCATION17981
Central America and the CaribbeanInvestments
East Asia and the PacificInvestments
Europe (Including Iceland and Greenland)Investments
Middle East and North AfricaInvestments
North AmericaInvestments
Russia and the Newly Independent StatesInvestments
South AmericaInvestments
South AsiaInvestments
FieldValueIRS element (for citing)
Total Number Of Offices0TotalNumberOfOffices
Total Number Of Employees354TotalNumberOfEmployees
Total Amount Spent16357121TotalAmountSpent

Grants To Ind Outside US GrantsToIndOutsideUS (38 entries)

Type Of AssistanceTypeOfAssistanceRegionRegionNumber Of RecipientsNumberOfRecipientsAmount Of Cash GrantAmountOfCashGrantManner Of Cash DisbursementMannerOfCashDisbursementDescription Of Non Cash AssistanceDescriptionOfNonCashAssistanceMethod Of ValuationMethodOfValuation
MISTI STIPENDEast Asia/Pacific83250738CHECKN/AN/A
MISTI STIPENDEurope/Iceland/Greenland226424003CHECKN/AN/A
MISTI STIPENDMiddle East/North Africa37188930CHECKN/AN/A
MISTI STIPENDNorth America1730110CHECKN/AN/A
MISTI STIPENDSouth America521210CHECKN/AN/A
MISTI STIPENDSouth Asia5127200CHECKN/AN/A
PSC FELLOWSHIPCent. America/Caribbean610539CHECKN/AN/A
PSC FELLOWSHIPEast Asia/Pacific1133307CHECKN/AN/A
PSC FELLOWSHIPEurope/Iceland/Greenland613122CHECKN/AN/A
PSC FELLOWSHIPNorth America510688CHECKN/AN/A
PSC FELLOWSHIPSouth America1843766CHECKN/AN/A
PSC FELLOWSHIPSouth Asia1742909CHECKN/AN/A
PSC FELLOWSHIPSub-Saharan Africa39112596CHECKN/AN/A
FELLOWSHIPSCent. America/Caribbean2210378CHECKN/AN/A
FELLOWSHIPSEast Asia/Pacific6475984CHECKN/AN/A
FELLOWSHIPSEurope/Iceland/Greenland5875349CHECKN/AN/A
FELLOWSHIPSNorth America916803CHECKN/AN/A
FELLOWSHIPSRussia14000CHECKN/AN/A
FELLOWSHIPSSouth America93417CHECKN/AN/A
FELLOWSHIPSSouth Asia154351CHECKN/AN/A
FELLOWSHIPSSub-Saharan Africa228243CHECKN/AN/A
HONORARIACent. America/Caribbean1200CHECKN/AN/A
HONORARIAEast Asia/Pacific1914854CHECKN/AN/A
HONORARIAEurope/Iceland/Greenland65113541CHECKN/AN/A
HONORARIAMiddle East/North Africa3875CHECKN/AN/A
HONORARIANorth America104874CHECKN/AN/A
HONORARIASouth America52779CHECKN/AN/A
HONORARIASouth Asia73194CHECKN/AN/A
HONORARIASub-Saharan Africa22500CHECKN/AN/A
PRIZES & AWARDSCent. America/Caribbean54721CHECKN/AN/A
PRIZES & AWARDSEast Asia/Pacific5544225CHECKN/AN/A
PRIZES & AWARDSEurope/Iceland/Greenland5165398CHECKN/AN/A
PRIZES & AWARDSMiddle East/North Africa2693629CHECKN/AN/A
PRIZES & AWARDSNorth America3575782CHECKN/AN/A
PRIZES & AWARDSRussia74107CHECKN/AN/A
PRIZES & AWARDSSouth America87244CHECKN/AN/A
PRIZES & AWARDSSouth Asia2524031CHECKN/AN/A
PRIZES & AWARDSSub-Saharan Africa138575CHECKN/AN/A

Form990 Schedule F Part IV Form990ScheduleFPartIV

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
GRENZEBACH GLIER PHILANTHROFUNDRAISING CONSULTINGfalse61752
MARTS LUNDY INCFUNDRAISING CONSULTINGfalse57035
KATHLEEN L RYDARFUNDRAISING CONSULTINGfalse13837
FieldValueIRS element (for citing)
Total Retained By Contractors132624TotalRetainedByContractors
Licensed StatesMALicensedStates

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 Expense269072TotalCommunityBuildingExpense
Net Community Building Expense269072NetCommunityBuildingExpense
Percent Of Total Expense0.00720PercentOfTotalExpense

Environmental Improvements EnvironmentalImprovements

FieldValueIRS element (for citing)
Total Community Building Expense14718TotalCommunityBuildingExpense
Net Community Building Expense14718NetCommunityBuildingExpense
Percent Of Total Expense0.00040PercentOfTotalExpense

Leadership Development LeadershipDevelopment

FieldValueIRS element (for citing)
Number Of Activities Or Programs1NumberOfActivitiesOrPrograms
Total Community Building Expense2000TotalCommunityBuildingExpense
Net Community Building Expense2000NetCommunityBuildingExpense
Percent Of Total Expense0.00020PercentOfTotalExpense

Coalition Building CoalitionBuilding

FieldValueIRS element (for citing)
Number Of Activities Or Programs4NumberOfActivitiesOrPrograms
Total Community Building Expense29163TotalCommunityBuildingExpense
Net Community Building Expense29163NetCommunityBuildingExpense
Percent Of Total Expense0.00050PercentOfTotalExpense

Health Improvement Advocacy HealthImprovementAdvocacy

FieldValueIRS element (for citing)
Number Of Activities Or Programs1NumberOfActivitiesOrPrograms
Total Community Building Expense9320TotalCommunityBuildingExpense
Net Community Building Expense9320NetCommunityBuildingExpense
Percent Of Total Expense0.00030PercentOfTotalExpense

Other Other

FieldValueIRS element (for citing)
Number Of Activities Or Programs19NumberOfActivitiesOrPrograms
Total Community Building Expense1245473TotalCommunityBuildingExpense
Direct Offsetting Revenue46526DirectOffsettingRevenue
Net Community Building Expense1198947NetCommunityBuildingExpense
Percent Of Total Expense0.03210PercentOfTotalExpense

Total Total

FieldValueIRS element (for citing)
Number Of Activities Or Programs39NumberOfActivitiesOrPrograms
Total Community Building Expense1569746TotalCommunityBuildingExpense
Direct Offsetting Revenue46526DirectOffsettingRevenue
Net Community Building Expense1523220NetCommunityBuildingExpense
Percent Of Total Expense0.04070PercentOfTotalExpense
FieldValueIRS element (for citing)
Bad Debt Expense ReportedtrueBadDebtExpenseReported
Bad Debt Expense$45,546BadDebtExpenseAmount
Costing Methodology UsedCostingMethodologyUsed
Written Debt Collection PolicytrueWrittenDebtCollectionPolicy
Provision For Charity CarefalseProvisionForCharityCare

Form990 Schedule H Part V Form990ScheduleHPartV

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 VI Form990ScheduleHPartVI

FieldValueIRS element (for citing)
General ExplanationMIT 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.GeneralExplanation
General ExplanationMIT 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. 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/GeneralExplanation

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records MaintainedtrueRecordsMaintained

Recipient Table RecipientTable (45 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeIRC SectionIRCSectionAmount Of Cash GrantAmountOfCashGrantPurpose Of GrantPurposeOfGrantEIN Of RecipientEINOfRecipient
ALPHA TAU OMEGA
405 MEMORIAL DRIVECAMBRIDGEMA02139501(c)(7)23855IRDF GRANT
ALPHA CHI OMEGA
478 COMMONWEALTH AVEBOSTONMA02115501(c)(7)44324IRDF GRANT
ALPHA DELTA PHI
351 MASSACHUSETTS AVECAMBRIDGEMA02139501(c)(7)47314IRDF GRANT
ALPHA EPSILON PI
155-165 BAY STATE ROADBOSTONMA02115501(c)(7)72312IRDF GRANT
ALPHA PHI
479 COMMONWEALTH AVEBOSTONMA02215501(c)(7)35077IRDF GRANT
ALPHA TAU OMEGA
405 MEMORIAL DRIVECAMBRIDGEMA02139501(c)(7)43986IRDF GRANT
BETA THETA PI
119 BAY STATE ROADBOSTONMA02115501(c)(7)48650IRDF GRANT
CHI PHI
32 HEREFORD STBOSTONMA02115501(c)(7)24028IRDF GRANT
DELTA EPSILON
526 BEACON STREETBOSTONMA02215501(c)(7)10989IRDF GRANT
DELTA KAPPA EPSILON
403 MEMORIAL DRIVECAMBRIDGEMA02139501(c)(7)53968IRDF GRANT
DELTA PSI #6 CLUB
428 MEMORIAL DRIVECAMBRIDGEMA02139501(c)(7)29854IRDF GRANT
DELTA TAU DELTA
416 BEACON STREETBOSTONMA02115501(c)(7)45310IRDF GRANT
EPSILON THETA
259 SAINT PAUL STREETBROOKLINEMA02446501(c)(7)27550IRDF GRANT
FENWAY HOUSE
34 THE FENWAYBOSTONMA02215501(c)(7)8936IRDF GRANT
KAPPA SIGMA
407 MEMORIAL DRIVECAMBRIDGEMA02139501(c)(7)15788IRDF GRANT
MIT STUDENT HOUSE
111 BAY STATE ROADBOSTONMA02115501(c)(7)13961IRDF GRANT
MIT WOMENS INDEPENDENT LIVING GROUP
355 MASSACHUSETTS AVECAMBRIDGEMA02139501(c)(7)21909IRDF GRANT
NU DELTA
460 BEACON STREETBOSTONMA02115501(c)(7)21927IRDF GRANT
NUMBER SIX CLUB
428 MEMORIAL DRIVECAMBRIDGEMA02139501(c)(7)86878IRDF GRANT
PHI BETA EPSILON
400 MEMORIAL DRIVECAMBRIDGEMA02139501(c)(7)69861IRDF GRANT
PHI DELTA THETA
97 BAY STATE ROADBOSTONMA02215501(c)(7)11957IRDF GRANT
PHI KAPPA SIGMA FRATERNITY
530 BEACON STREETBOSTONMA02215501(c)(7)35344IRDF GRANT
PHI KAPPA THETA
229 COMMONWEALTH AVENUEBOSTONMA02116501(c)(7)36814IRDF GRANT
PHI LAMBDA PHI
450 BEACON STBOSTONMA02155501(c)(7)8177IRDF GRANT
PHI SIGMA KAPPA
487 COMMONWEALTH AVEBOSTONMA02215501(c)(7)49286IRDF GRANT
PIKA
69 CHESTNUT STCAMBRIDGEMA02139501(c)(7)53872IRDF GRANT
SIGMA CHI
532 BEACON STREETBOSTONMA02215501(c)(7)24375IRDF GRANT
SIGMA KAPPA
480 COMMONWEALTH AVEBOSTONMA02115501(c)(7)28128IRDF GRANT
SIGMA PHI EPSILON
515 BEACON STREETBOSTONMA02215501(c)(7)61958IRDF GRANT
TAU EPSILON PHI
253 COMMONWEALTH AVEBOSTONMA02216501(c)(7)11941IRDF GRANT
THETA CHI
528 BEACON STBOSTONMA02215501(c)(7)30862IRDF GRANT
THETA XI
64 BAY STATE ROADBOSTONMA02215501(c)(7)16207IRDF GRANT
ZETA BETA TAU
58 MANCHESTER ROADBROOKLINEMA02446501(c)(7)15955IRDF GRANT
ZETA PSI
233 MASSACHUSETTS AVECAMBRIDGEMA02139501(c)(7)64528IRDF GRANT
TECHNOLOGY BROADCASTING CORPORATION
3 Ames StreetCAMBRIDGEMA02139501(c)(3)14000GRANT FOR MIT STUDENTS TO PARTICIPATE IN RADIO STATION WMBR237154684
SLOANE AND WALSH LLP
THREE CENTER PLAZABOSTONMA02108721760PRIZE OR AWARD042582895
CLICKDIAGNOSTICS INC
2119 GRANT STLEXINGTONMA0242022500PRIZE OR AWARD262586093
KSPLICE
35 BROOKLINE ST NO 9CAMBRIDGEMA02139120000PRIZE OR AWARD263054936
ONE EARTH DESIGNS INC
PO BOX 382559CAMBRIDGEMA0223820000PRIZE OR AWARD270253576
PEERTRANSFER CORPORATION
60 WADSWORTH ST 19BCAMBRIDGEMA021429000PRIZE OR AWARD270690799
LARK TECHNOLOGIES INC
543 HOMER AVESTANFORDCA9430120000PRIZE OR AWARD271833237
VIACYCLE
690 DURANT PL NE APT 1ATLANTAGA3030815000PRIZE OR AWARD272392806
ASSURED LABOR INC
228 E 10TH ST 1NEW YORKNY100037500PRIZE OR AWARD383784438
C3 NANO INCORPORATED
PO BOX 684LOS GATOSCA950310684115000PRIZE OR AWARD800573507
ENERTAQ
8005 ASHBORO CTCHEVY CHASEMD2081515000PRIZE OR AWARD800590069
FieldValueIRS element (for citing)
Total Nbr Of501 C3 And Govt Grants1TotalNbrOf501C3AndGovtGrants
Total Nbr Of Other Organizations44TotalNbrOfOtherOrganizations

Form990 Schedule I Part III Form990ScheduleIPartIII (8 entries)

Type Of GrantTypeOfGrantNumber Of RecipientsNumberOfRecipientsAmount Of Non Cash AssistanceAmountOfNonCashAssistanceMethod Of ValuationMethodOfValuationDescription Of Non Cash AssistanceDescriptionOfNonCashAssistanceAmount Of Cash GrantAmountOfCashGrant
TUITION DISCOUNT2908230269000FMVAPPLIED TO TUITION
HONORARIA27491394291
PRIZES AND AWARDS7451945573
PUBLIC SERVICE CENTER FELLOWSHIPS1128101
MIT SCHOLARSHIPS - UNDERGRADUATE262183320971FMVAPPLIED TO TUITION
SDM GRANT - GRADUATE28112086FMV
MIT FUNDED TUITION, FELLOWSHIPS & STIPENDS - GRAD194638700873FMVAPPLIED TO TUITION15798199
EXTERNALLY FUNDED TUITION, FELLOWSHIPS & STIPENDS80911900554FMVAPPLIED TO TUITION10892451

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 HAVE MIT STUDENTS AS MEMBERS AND HOUSE THE 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 (16 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 Related OrgsCompReportPrior990RelatedOrgs
DANA MEAD OUTGOING CHAIRMAN
245516000214805169503211030257000
SUSAN HOCKFIELD
6302030001610560399350100409093160300
THERESA STONE
472191000340890639450507057073200
KIRK KOLENBRANDER
2282700000030130027051028545100
SETH ALEXANDER
52290504956470287500269500274170110166900
PHILLIP CLAY
27212900034699053655027196038767900
R GREGORY MORGAN
46119100062750039935026655059053100
JEFFREY NEWTON
3628230013080053655011814044137200
L RAFAEL REIF
46139800068167053655031577061479700
CLAUDE CANIZARES
28522700033287063945018656040111500
ERIC EVANS
35224000011560026950025285041603500
DAVID SCHMITTLEIN
57138600014738703993505194076390200
NELSON REPENNING
1556700071239203553021683075319500
STEVEN MARSH
3018590363294010774030870025611073240800
PHILIP ROTNER
299927036307607524026950026919072439600
DANIEL STEELE
298708036303807525030870030772073091300

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 RECEIVED 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.
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 IS PROFESSOR REPENNING. SCHEDULE J, PART II, COLUMN (C) DOES NOT INCLUDE $285,020 OF INCENTIVE COMPENSATION FOR MR. ALEXANDER; $138,039 OF INCENTIVE COMPENSATION FOR MR. MARSH; $131,966 OF INCENTIVE COMPENSATION FOR MR. STEELE; AND $135,000 OF INCENTIVE COMPENSATION FOR MR. ROTNER AS THESE AMOUNTS COULD HAVE INCREASED OR DECREASED DEPENDING ON THE PERFORMANCE OF THE ENDOWMENT AND WERE CONTINGENT ON CONTINUED EMPLOYMENT BY MIT. MR. ROTNER SUBSEQUENTLY LEFT MIT THEREBY FORFEITING THE AMOUNT ABOVE AND ANY OTHER FUTURE INCENTIVE PAYMENT.
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. ROTNER AND MR. STEELE EACH 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 2009. 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 $100,000 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 IssuerOnBehalfOfIssuer
MASSACHUSETTS HEALTH & EDUCATIONAL FAC AUTHORITY
04245601157585K3G12003-05-07204790814CONSTRUCTION/RENOVATION/REFUNDINGfalsefalse
MASSACHUSETTS HEALTH & EDUCATIONAL FAC AUTHORITY
04245601157586CBP92004-04-02150854243CONSTRUCTION AND RENOVATIONfalsefalse
MASSACHUSETTS HEALTH & EDUCATIONAL FAC AUTHORITY
04245601157586C8G32008-08-13334995460CONSTRUCTION AND RENOVATIONfalsefalse
MASSACHUSETTS HEALTH & EDUCATIONAL FAC AUTHORITY
04245601157586ECM12008-12-10274996289CONSTRUCTION AND RENOVATIONfalsefalse

Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)

Total ProceedsTotalProceedsAmount In Reserve FundAmountInReserveFundAmount DefeasedAmountDefeasedAmount UnspentAmountUnspentIssuance Costs From ProceedsIssuanceCostsFromProceedsWorking Capital ExpendituresWorkingCapitalExpendituresCapital ExpendituresCapitalExpendituresYear Of Subst CompletionYearOfSubstCompletionCurrent RefundingCurrentRefundingAdvance RefundingAdvanceRefundingFinal Allocation MadeFinalAllocationMadeAdequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind
205361235000104017002043210642005truefalsetruetrue
15159921000085424301507449672005falsefalsetruetrue
33602930900550792916239120328896251falsefalsefalsetrue
276608132004733098515882740227673496falsefalsefalsetrue

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
falsefalsetruetruetrue0.039600.000000.03960true
falsefalsetruetruetrue0.035300.000000.03530true
falsefalsetruetruetrue0.028700.000000.02870true
falsefalsetruetruetrue0.038900.000000.03890true

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
falsefalsefalsefalsefalsetrue

Schedule L IRS990ScheduleL

Loan Table LoanTable (2 entries)

Purpose Of LoanPurposeOfLoanLoan From OrganizationLoanFromOrganizationOriginal PrincipalOriginalPrincipalAmountBalance DueBalanceDueDefaultDefaultApproved By BoardApprovedByBoardWritten AgreementWrittenAgreement
R GREGORY MORGAN
MORTGAGEX$200,000120000falsetruetrue
DAVID SCHMITTLEIN
MORTGAGEX$550,000150000falsetruetrue
FieldValueIRS element (for citing)
Total Balance Due270000TotalBalanceDue

Form990 Schedule L Part IV Form990ScheduleLPartIV

Name Of Interested Person NameOfInterestedPerson

FieldValueIRS element (for citing)
Name PersonSEE SCHEDULE ONamePerson

Schedule M IRS990ScheduleM

Works Of Art WorksOfArt

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox
Number Of Contributions6NumberOfContributions
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 Contributions695NumberOfContributions
Noncash Contribs Rptd F99039336000NoncashContribsRptdF990
Method Of Determining RevenuesSELLING PRICEMethodOfDeterminingRevenues
FieldValueIRS element (for citing)
Securities Closely Held StockSecuritiesCloselyHeldStock
Securities Prtnrshp Trust IntrstsSecuritiesPrtnrshpTrustIntrsts
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 Contributions26NumberOfContributions
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 (2 entries)

Non Cash CheckboxNonCashCheckboxDescriptionDescriptionNumber Of ContributionsNumberOfContributionsNoncash Contribs Rptd F990NoncashContribsRptdF990Method Of Determining RevenuesMethodOfDeterminingRevenues
XEQUIPMENT15621000FAIR MARKET VALUE
XOTHER120APPRAISED VALUE
FieldValueIRS element (for citing)
Number Of8283 Received4NumberOf8283Received
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, LINE 32BMIT REAL ESTATE FOUNDATION, INC.'S PRIMARY PURPOSE IS TO HOLD AND SELL GIFTS OF REAL ESTATE AND PROPERTY FOR THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY.
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 (20 entries)

IdentifierIdentifierExplanationExplanation
PART IV, LINE 12A AND PART XI, LINE 2BMIT'S FINANCIAL STATEMENTS ARE PREPARED AND AUDITED ON A CONSOLIDATED BASIS. MIT IS THE PARENT ORGANIZATION AND SUBSTANTIALLY ALL OF THE ACTIVITY AND FINANCIAL DATA UNDER AUDIT BELONGS TO MIT.
PART V, LINE 4BNAMES OF FOREIGN COUNTRIES: BERMUDA UNITED KINGDOM ARGENTINA BRAZIL CHINA CZECH REPUBLIC EGYPT GREECE HUNGARY INDIA INDONESIA JORDAN KOREA MALAYSIA PAKISTAN PHILIPPINES POLAND SCOTLAND TAIWAN THAILAND TURKEY SINGAPORE CAYMAN ISLANDS GUERNSEY JERSEY FRANCE BRITISH VIRGIN ISLANDS CANADA
PART V, LINE 5AMIT HAS NOT COMPLETED FORM 8886-T, HOWEVER FORMS 8886 HAVE BEEN FILED STATING A PROTECTIVE DISCLOSURE BASED ON INVESTMENTS IN L.P.'S.
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, DANIEL STEELE, AND PHILIP ROTNER 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 ACADEMIC AND ADMINISTRATIVE UNITS. SENIOR MIT OFFICERS THEN REVIEW THE FORM 990. FOLLOWING THAT REVIEW AND BEFORE THE FORM 990 IS FILED, BOTH THE AUDIT COMMITTEE AND THE EXECUTIVE COMMITTEE OF THE MIT CORPORATION ARE PROVIDED THE FORM 990 AND DISCUSS IT AT MEETINGS THAT INCLUDE PRESENTATIONS BY MIT'S OFFICERS AND A QUESTION AND ANSWER PERIOD.
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 13WHISTLEBLOWER POLICIES THE INSTITUTE'S WHISTLEBLOWER POLICY IS EMBODIED IN TWO POLICIES; SECTION 9.6 OF MIT POLICIES AND PROCEDURES, COMPLAINT AND GRIEVANCE PROCEDURES, AND SECTION 10.1 OF MIT POLICIES AND PROCEDURES, PROCEDURES FOR DEALING WITH ACADEMIC MISCONDUCT IN RESEARCH AND SCHOLARSHIP.
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 IX, LINE 8THE NEGATIVE AMOUNT REPORTED ON LINE 8 REFLECTS A PENSION CREDIT GENERATED AS A RESULT OF THE OVERFUNDED STATUS OF MIT'S DEFINED BENEFIT PENSION PLAN.
SCHEDULE G, PART INO FUNDRAISING EVENTS WERE CONDUCTED IN RELATION TO THE AMOUNTS PAID TO THE PROFESSIONAL FUNDRAISERS. ADDITIONALLY, MIT DID NOT CONDUCT FUNDRAISING EVENTS PER IRS DEFINITIONS.
SCHEDULE L, PART IIIALTHOUGH THERE MAY BE RECIPIENTS WHO ARE RELATED TO PERSONS HAVING AN INTEREST IN THE INSTITUTE, SUCH RECIPIENTS ARE SELECTED ON THE BASIS OF ACADEMIC ACHIEVEMENT, FINANCIAL NEED, AND OTHER SIMILAR STANDARDS.
SCHEDULE L, PART IVTHE FOLLOWING ARE ARM'S LENGTH TRANSACTIONS BETWEEN MIT AND 3RD PARTIES WHERE AN MIT OFFICER, DIRECTOR, TRUSTEE, KEY-EMPLOYEE OR HIGHLY COMPENSATED INDIVIDUAL SERVED ON THE BOARD OF DIRECTORS OF THE 3RD PARTY OR OWNED GREATER THAN 10% OF THE 3RD PARTY. CLAUDE CANIZARES 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 $8,598,801. MIT ALSO RECEIVED SPONSORED RESEARCH REVENUE AND INDUSTRIAL LIASION PROGRAM PAYMENT FROM L-3 COMMUNICATIONS IN THE AMOUNTS OF $627,494 AND 60,000, RESPECTIVELY. 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 $423,648. JAMES CHAMPY IS A MEMBER OF THE MIT EXECUTIVE COMMITTEE AND IS ALSO A MEMBER OF THE BOARD OF ANALOG DEVICES, INC. MIT LEASES PROPERTY TO ANALOG DEVICES, INC. THE LEASE IS NEGOTIATED AT ARM'S LENGTH. DANA MEAD IS THE CHAIRMAN OF THE MIT CORPORATION AND IS A MEMBER OF THE BOARD OF PFIZER. MIT LEASES PROPERTY TO PFIZER AND THE LEASE IS NEGOTIATED AT ARM'S LENGTH. MIT ALSO RECEIVED SPONSORED RESEARCH AND INDUSTRIAL LIASION PROGRAM MEMBERSHIP PAYMENT FROM PFIZER, INC. IN THE AMOUNTS OF $2,312,275 AND $15,000, RESPECTIVELY. DR. THOMAS BYRNE IS AN MIT FACULTY MEMBER AND MS. PAMELA EVANS IS A RESEARCH GROUP LEADER AT MIT LINCOLN LABORATORY. EACH IS A FAMILY MEMBER OF AN MIT OFFICER OR KEY EMPLOYEE. IN FY 2010, THEY RECEIVED COMPENSATION AND BENEFITS IN THE AMOUNTS OF $146,240 AND $152,937, RESPECTIVELY. ANITA JONES IS A MEMBER OF THE EXECUTIVE COMMITTEE OF MIT AND A MEMBER OF THE BOARD OF DIRECTORS OF SAIC, INC. MIT RECEIVED SPONSORED RESEARCH REVENUE FROM SAIC, INC. IN THE AMOUNT OF $135,845.
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, 2010, MIT LINCOLN LABORATORY EXPENDED RESEARCH FUNDING OF APPROXIMATELY $750 MILLION.
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 4PRIVATE 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 (MIT'S "PRIVATE BUSINESS USE POLICY") ENSURES THAT THERE IS NO PRIVATE BUSINESS USE OF MIT'S BOND-FINANCED FACILITIES AND THAT, IN THE UNLIKELY EVENT THAT PRIVATE BUSINESS USE MIGHT ARISE, THAT SUCH USE 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 (29 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesLegal Domicile StateLegalDomicileStateBusiness Name Line1DirectControllingEntityName/BusinessNameLine1
MIT REAL ESTATE LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142810643869LAND OWNERMANA
TECHNOLOGY SQUARE FINANCE LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142810643894LIQUIDATIONMANA
MIT ONE BROADWAY LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000909974BLDG OWNERMANA
MIT 130 BROOKLINE LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000912051LAND OWNERMANA
MIT VASSAR HOLDINGS LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000916958LAND OWNERMANA
TECH SQUARE JV LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000929104INVESTMENTSMANA
MIT 600 MEMORIAL DRIVE LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000937779LAND OWNERMANA
MIT 170171 SIDNEY LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000961273LAND OWNERMANA
MIT 300 THIRD LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000961269LAND OWNERMANA
MIT 770790 MEMORIAL LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000961268LAND OWNERMANA
MIT 99 ERIE LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000961270LAND OWNERMANA
MIT 128 SIDNEY SPE LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000974423LAND OWNERMANA
MIT 148 SIDNEY SPE LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000974420LAND OWNERMANA
MIT 149 SIDNEY SPE LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000974421LAND OWNERMANA
MIT 185 ALBANY SPE LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000974418LAND OWNERMANA
MIT 195 ALBANY SPE LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000974416LAND OWNERMANA
MIT 207 ALBANY SPE LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000974419LAND OWNERMANA
MIT 640 MEMORIAL SPE LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000974425LAND OWNERMANA
MIT ONE BROADWAY FEE OWNER LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000974424LAND OWNERMANA
MIT 128 SIDNEY LEASEHOLD LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000976111BLDG OWNERMANA
MIT 148 SIDNEY LEASEHOLD LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000976112BLDG OWNERMANA
MIT 149 SIDNEY LEASEHOLD LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000976113BLDG OWNERMANA
177 MASSACHUSETTS AVENUE LEASEHOLD LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000983429BLDG OWNERMANA
640 MEMORIAL DRIVE LEASEHOLD LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000983463BLDG OWNERMANA
MIT WEST 300 BLOCK JV LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000983464BLDG OWNERMANA
650 MAIN STREET LEASEHOLD LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000983464BLDG OWNERMANA
MIT 177 MASSACHUSETTS AVENUE LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000983426LAND OWNERMANA
MIT 650 MAIN STREET LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142000983425LAND OWNERMANA
MIT 640 MEMORIAL LEASEHOLD LLC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142BLDG OWNERMANA

Form990 Schedule R Part II Form990ScheduleRPartII (7 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesLegal Domicile StateLegalDomicileStateExempt Code SectionExemptCodeSectionPublic Charity StatusPublicCharityStatusBusiness Name Line1DirectControllingEntityName/BusinessNameLine1
MIT ENTERPRISE FORUM INC
77 MASSACHUSETTS AVENUECAMBRIDGEMA02139042921492EDUCATIONMA501(C)(3)LINE 11A -NA
MIT REAL ESTATE FOUNDATION INC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142043397800REAL ESTATEMA501(C)(3)LINE 11A -NA
TECHNOLOGY REVIEW INC
ONE MAIN STREET 7TH FLOORCAMBRIDGEMA02142954893200PUBLICATIONMA501(C)(3)LINE 11A -NA
TECHNOLOGY BROADCASTING CORPORATION
3 AMES STREETCAMBRIDGEMA02142237154684RADIOMA501(C)(3)LINE 9NA
LORD FOUNDATION OF MASSACHUSETTS INC
238 MAIN STREET SUITE 200CAMBRIDGEMA02142042748895MIT SUPPORTMA501(C)(3)LINE 11A -NA
MIT RETIREE WELFARE BENEFIT TRUST
77 MASSACHUSETTS AVE NE49-31CAMBRIDGEMA02139043177556HEALTH BEN.MA501(C)(3)LINE 11A -NA
KENDALL PARTNERS I INC
238 MAIN ST STE 200CAMBRIDGEMA02142270565900TITLE HOLDMA501(C)(2)NA

Form990 Schedule R Part III Form990ScheduleRPartIII (13 entries)

EINEINPrimary ActivityPrimaryActivityLegal Domicile StateLegalDomicileStateBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Predominant Income TypePredominantIncomeTypeDisproportionate AllocationsDisproportionateAllocationsGeneral Or Managing PartnerGeneralOrManagingPartner
ALCHEMY PLAN (CAMBRIDGE) LP
980203250INVESTMENTSNYNAINVESTMENTSfalsefalse
CHICKADEE LP
260655312INVESTMENTSDENAINVESTMENTSfalsefalse
MALLARD FUND LP
208974201INVESTMENTSTXNAINVESTMENTSfalsefalse
NATIONAL CAPITAL PROPERTIES IV LP
263372816INVESTMENTSDCNAINVESTMENTSfalsefalse
NORTHAVEN PARTNERS III LP
133908626INVESTMENTSNYNAINVESTMENTSfalsefalse
THIRTY-EIGHT SIDNEY STREET LP
341830573INVESTMENTSOHNAINVESTMENTSfalsefalse
WEXFORD SPECIAL SITUATIONS 1996 INST LP
061448084INVESTMENTSDENAINVESTMENTSfalsefalse
WEXFORD SPECIAL SITUATIONS 1997 INST LP
061483925INVESTMENTSDENAINVESTMENTSfalsefalse
WEXFORD-MIT ENERGY LP
800057801INVESTMENTSDENAINVESTMENTSfalsefalse
WEXFORD-MIT ENERGY II LP
760787877INVESTMENTSDENAINVESTMENTSfalsefalse
INDIA INSTITUTIONAL FUND LLC
980442802INVESTMENTSDENAINVESTMENTSfalsefalse
MIT INVESTMENTS 2009 LP
270896088INVESTMENTSMANAINVESTMENTSfalsefalse
MIT INVESTMENTS 2010 LP
270542081INVESTMENTSMANAINVESTMENTSfalsefalse

Form990 Schedule R Part IV Form990ScheduleRPartIV (4 entries)

Primary ActivityPrimaryActivityLegal Domicile Foreign CountryLegalDomicileForeignCountryBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Type Of EntityTypeOfEntityPercentage OwnershipPercentageOwnershipLegal Domicile StateLegalDomicileState
BARTON INSURANCE CO LTD
INSURANCEBDNAC CORP.1.00000
MIT PRESS LIMITED
PUBLICATIONUKNAC CORP.1.00000
SINGAPORE-MIT ALLIANCE FOR RES AND TECH
RESEARCHSNNAC CORP.1.00000
MITPATRON GP LIMITED
INVESTMENTSNAC CORP.1.00000SC
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 OrgstrueRentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other OrgsfalseRentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other OrgstruePerformOfServicesForOtherOrgs
Perform Of Services By Other OrgsfalsePerformOfServicesByOtherOrgs
Sharing Of FacilitiesfalseSharingOfFacilities
Sharing Of Paid EmployeestrueSharingOfPaidEmployees
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 (15 entries)

Transaction TypeTransactionTypeAmount InvolvedAmountInvolved
TECHNOLOGY BROADCASTING CORPORATION
B15000
MIT REAL ESTATE FOUNDATION INC
C7471000
SINGAPORE-MIT ALLIANCE FOR RESEARCH AND TECH
C11065000
TECHNOLOGY REVIEW INC
D2812000
MIT ENTERPRISE FORUMS INC
I22000
TECHNOLOGY REVIEW INC
K54000
MIT PRESS LTD
L323000
TECHNOLOGY REVIEW INC
N250000
TECHNOLOGY REVIEW INC
O1810000
SINGAPORE-MIT ALLIANCE FOR RESEARCH AND TECH
P3924000
MIT PRESS LTD
P56000
BARTON INSURANCE CO LTD
Q945000
LORD FOUNDATION
Q1101000
BARTON INSURANCE CO LTD
R1629000
LORD FOUNDATION
R1459000