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Massachusetts Institute Of Technology

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / University or Technological Institute (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a donor-advised fund
Organization maintained a donor-advised fund or similar account through which donors could direct the distribution or investment of funds. Details are reported on Schedule D.
Operated a school
Organization is a school. Details are reported on Schedule E.
Provided first-class or charter travel
Organization provided first-class or charter travel to key employees or officers. Details are reported on Schedule J.
Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$4.95B (2023)

Expenses
$4.9B (2023)

Total Assets
$38.6B (2023)

Total Liabilities
$6.43B (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,954,533,000
Expenses
$4,901,572,000
Net Income
$52,961,000
Net Assets
$32,162,489,000
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,094,476,000
22.1%
Program Services $2,700,061,000
54.5%
Investment Income $202,948,000
4.1%
Bond Proceeds $17,000
0.0%
Royalties $61,494,000
1.2%
Rental Property Income $87,296,000
1.8%
Net Fundraising $0
Sales of Assets $808,241,000
16.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $13,521,000
0.3%
Professional Fundraising Fees $383,000
0.0%
Other Salaries and Wages $1,855,421,000
37.9%
Assets/Debt
Total Assets $38,587,698,000
Total Liabilities $6,425,209,000
Net Assets $32,162,489,000
Other
Operated a donor-advised fund
Operated a school
Provided first-class or charter travel
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Seth Alexander (President Of Mitim Co) $2,635,663 $0 $457,443
Steven Marsh (Senior Vp Mitim Co) $2,549,994 $0 $487,994
Thomas Wieand (Global Investment Professional Mitim Co) $2,023,175 $0 $432,880
Ryan Akkina (Global Investment Professional Mitim Co) $1,989,058 $0 $402,506
Emma Somers Roy (Global Investment Professional Mitim Co) $1,835,422 $0 $404,914
Joel Cohen (Global Investment Professional, Mitim Co) $1,814,699 $0 $396,738
L Rafael Reif (President (Outgoing)) $1,327,571 $0 $518,239
Cynthia Barnhart (Provost) $833,157 $0 $17,635
Glen Shor (Executive Vp And Treasurer) $795,890 $0 $68,243
Mark Di Vincenzo (Vp And General Counsel) $735,580 $0 $80,556
Eric Evans (Director Of Lincoln Laboratory) $725,465 $0 $85,760
Julie Lucas (Vp For Resource Development) $640,140 $0 $46,722
Melissa Nobles (Chancellor) $584,641 $0 $71,999
Maria Zuber (Vp For Research) $548,182 $0 $37,703
Sanjay Sarma (Professor (Former Vp For Open Learning)) $515,061 $0 $130,292
W Eric Grimson (Interim Vp For Open Learning) $509,044 $0 $38,364
Alfred Ironside (Vp For Communications) $442,401 $0 $68,559
Suzanne L Glassburn (Vice President And Secretary) $431,767 $0 $80,866
Martin Schmidt (Former Provost) $367,380 $0 $76,211
Diane B Greene (Chair Of The Corporation) $51,500 $0 $2,537
Sally Kornbluth (President (Incoming)) $0 $0 $0
Alan G Spoon (Executive Committee Member) $0 $0 $0
Ashton B Carter (Executive Committee Member) $0 $0 $0
David M Siegel (Executive Committee Member) $0 $0 $0
Denis A Bovin (Executive Committee Member) $0 $0 $0

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Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,378,650,000
Expenses
$4,540,620,000
Net Income
$1,838,030,000
Net Assets
$33,202,839,000
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,252,909,000
19.6%
Program Services $2,585,121,000
40.5%
Investment Income $113,429,000
1.8%
Bond Proceeds $25,000
0.0%
Royalties $61,939,000
1.0%
Rental Property Income $61,128,000
1.0%
Net Fundraising $0
Sales of Assets $2,304,099,000
36.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $11,501,000
0.3%
Professional Fundraising Fees $253,000
0.0%
Other Salaries and Wages $1,578,644,000
34.8%
Assets/Debt
Total Assets $39,839,201,000
Total Liabilities $6,636,362,000
Net Assets $33,202,839,000
Other
Operated a donor-advised fund
Operated a school
Provided first-class or charter travel
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Seth Alexander (President Of Mitim Co) $2,697,163 $0 $411,047
Steven Marsh (Senior Vp Mitim Co) $2,655,745 $0 $486,399
Thomas Wieand (Global Investment Professional Mitim Co) $2,016,391 $0 $431,043
Ryan Akkina (Global Investment Professional Mitim Co) $1,981,091 $0 $399,284
Emma Somers Roy (Global Investment Professional Mitim Co) $1,783,245 $0 $433,159
Vincent Tuohey (Global Investment Professional Mitim Co) $1,745,111 $0 $397,988
L Rafael Reif (President) $1,121,063 $0 $505,502
Martin Schmidt (Provost (Outgoing)) $741,078 $0 $85,945
Glen Shor (Executive Vp And Treasurer) $690,228 $0 $65,733
Mark Di Vincenzo (Vp And General Counsel) $637,631 $0 $77,390
Eric Evans (Director Of Lincoln Laboratory) $628,222 $0 $83,073
Julie Lucas (Vp For Resource Development) $597,204 $0 $44,824
Cynthia Barnhart (Provost (Incoming)) $540,810 $0 $16,028
Maria Zuber (Vp For Research) $518,971 $0 $36,480
Melissa Nobles (Chancellor) $477,516 $0 $69,284
Sanjay Sarma (Vp For Open Learning) $475,665 $0 $152,901
Alfred Ironside (Vp For Communications) $408,600 $0 $66,068
Suzanne L Glassburn (Vice President And Secretary) $369,929 $0 $77,531
Diane B Greene (Chair Of The Corporation) $225,611 $0 $671
Israel Ruiz (Former Executive Committee Member) $22,925 $0 $0
Alan G Spoon (Executive Committee Member) $0 $0 $0
Alan M Leventhal (Executive Committee Member) $0 $0 $0
Ashton B Carter (Executive Committee Member) $0 $0 $0
David M Siegel (Executive Committee Member) $0 $0 $0
Denis A Bovin (Executive Committee Member) $0 $0 $0

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Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,726,158,000
Expenses
$4,281,626,000
Net Income
$1,444,532,000
Net Assets
$36,408,939,000
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,003,569,000
17.5%
Program Services $2,410,934,000
42.1%
Investment Income $102,272,000
1.8%
Bond Proceeds $0
Royalties $54,223,000
0.9%
Rental Property Income $156,101,000
2.7%
Net Fundraising $0
Sales of Assets $1,999,059,000
34.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $9,852,000
0.2%
Professional Fundraising Fees $49,000
0.0%
Other Salaries and Wages $1,486,704,000
34.7%
Assets/Debt
Total Assets $42,473,040,000
Total Liabilities $6,064,101,000
Net Assets $36,408,939,000
Other
Operated a donor-advised fund
Operated a school
Provided first-class or charter travel
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Steven Marsh (Senior Vp Mitim Co) $2,283,387 $0 $444,028
Seth Alexander (President Of Mitim Co) $2,278,569 $0 $383,105
Israel Ruiz (Former Executive Vp And Treasurer) $2,062,409 $0 $46,356
Thomas Wieand (Global Investment Professional Mitimco) $1,642,063 $0 $348,033
Ryan Akkina (Global Investment Professional Mitimco) $1,598,662 $0 $341,870
Matthew Fisher (Global Investment Professional Mitimco) $1,540,328 $0 $329,823
L Rafael Reif (President) $1,102,428 $0 $493,741
Martin Schmidt (Provost) $700,892 $0 $82,980
Eric Evans (Director Of Lincoln Laboratory) $600,646 $0 $75,263
Mark Di Vincenzo (Vp And General Counsel) $590,516 $0 $75,485
Julie Lucas (Vp For Resource Development) $584,704 $0 $44,296
Sanjay Sarma (Vp For Open Learning) $555,245 $0 $93,975
Cynthia Barnhart (Chancellor) $537,708 $0 $52,259
Glen Shor (Executive Vp And Treasurer) $503,156 $0 $63,870
Maria Zuber (Vp For Research) $500,884 $0 $35,549
Alfred Ironside (Vp For Communications) $431,103 $0 $39,001
Suzanne L Glassburn (Vice President And Secretary) $342,421 $0 $75,069
Robert B Millard (Chair Of The Corporation (Outgoing)) $262,864 $0 $43,719
Diane B Greene (Chair Of The Corporation (Incoming)) $93,250 $0 $565
Denis A Bovin (Executive Committee Member) $1,000 $0 $0
Alan G Spoon (Executive Committee Member) $0 $0 $0
Alan M Leventhal (Executive Committee Member) $0 $0 $0
Ashton B Carter (Executive Committee Member) $0 $0 $0
David M Siegel (Executive Committee Member) $0 $0 $0
Indra Nooyi (Executive Committee Member) $0 $0 $0

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Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,804,195,000
Expenses
$4,165,517,000
Net Income
$638,678,000
Net Assets
$23,795,577,000
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,014,222,000
21.1%
Program Services $2,452,821,000
51.1%
Investment Income $37,179,000
0.8%
Bond Proceeds $0
Royalties $58,565,000
1.2%
Rental Property Income $42,810,000
0.9%
Net Fundraising $0
Sales of Assets $1,198,598,000
24.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $10,065,000
0.2%
Professional Fundraising Fees $460,000
0.0%
Other Salaries and Wages $1,462,364,000
35.1%
Assets/Debt
Total Assets $30,065,085,000
Total Liabilities $6,269,508,000
Net Assets $23,795,577,000
Other
Operated a donor-advised fund
Operated a school
Provided first-class or charter travel
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Seth Alexander (President Of Mitim Co) $2,161,624 $0 $383,937
Steven Marsh (Senior Vp Mitim Co) $2,083,659 $0 $436,960
Thomas Wieand (Global Investment Professional Mitimco) $1,494,252 $0 $298,707
Matthew Fisher (Global Investment Professional Mitimco) $1,435,179 $0 $267,664
Ryan Akkina (Global Investment Professional Mitimco) $1,423,846 $0 $287,065
Joel Cohen (Global Investment Professional Mitimco) $1,289,681 $0 $254,099
L Rafael Reif (President) $1,182,914 $0 $492,346
Israel Ruiz (Executive Vp And Treasurer) $868,577 $0 $58,016
Martin Schmidt (Provost) $755,469 $0 $76,469
Eric Evans (Director Of Lincoln Laboratory) $579,980 $0 $72,887
Julie Lucas (Vp For Resource Development) $577,647 $0 $43,124
Mark Di Vincenzo (Vp And General Counsel) $518,042 $0 $74,906
Sanjay Sarma (Vp For Open Learning) $511,055 $0 $68,172
Cynthia Barnhart (Chancellor) $506,633 $0 $51,751
Maria Zuber (Vp For Research) $490,529 $0 $71,312
Claude Canizares (Former Vp) (Professor) $369,658 $0 $63,201
Robert Millard (Chair Of The Corporation) $364,318 $0 $49,419
Suzanne Glassburn (Vice President And Secretary) $329,243 $0 $66,089
Kirk Kolenbrander (Former Vp) $129,362 $0 $29,988
Denis A Bovin (Executive Committee Member) $1,000 $0 $0
Alan G Spoon (Executive Committee Member) $0 $0 $0
David M Siegel (Executive Committee Member) $0 $0 $0
John A Thain (Executive Committee Member) $0 $0 $0
Mark P Gorenberg (Executive Committee Member) $0 $0 $0
Nancy C Andrews (Executive Committee Member) $0 $0 $0

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Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,308,609,000
Expenses
$4,075,066,000
Net Income
$1,233,543,000
Net Assets
$22,552,551,000
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,038,607,000
19.6%
Program Services $2,475,023,000
46.6%
Investment Income $75,179,000
1.4%
Bond Proceeds $0
Royalties $51,873,000
1.0%
Rental Property Income $206,705,000
3.9%
Net Fundraising $0
Sales of Assets $1,461,222,000
27.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $10,175,000
0.2%
Professional Fundraising Fees $1,434,000
0.0%
Other Salaries and Wages $1,394,121,000
34.2%
Assets/Debt
Total Assets $27,518,235,000
Total Liabilities $4,965,684,000
Net Assets $22,552,551,000
Other
Operated a donor-advised fund
Operated a school
Provided first-class or charter travel
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Seth Alexander (President Of Mitim Co) $2,091,833 $0 $370,013
Steven Marsh (Senior Vp Mitim Co) $1,829,305 $0 $376,817
Thomas Wieand (Global Investment Professional Mitimco) $1,315,287 $0 $280,881
Matthew Fisher (Global Investment Professional Mitimco) $1,269,094 $0 $279,250
Ryan Akkina (Global Investment Professional Mitimco) $1,256,661 $0 $293,782
Joel Cohen (Global Investment Professional Mitimco) $1,164,084 $0 $268,503
L Rafael Reif (President) $1,123,159 $0 $139,023
Israel Ruiz (Executive Vp And Treasurer) $770,726 $0 $56,185
R Gregory Morgan (Senior Vp And Secretary (Outgoing)) $758,257 $0 $78,533
Martin Schmidt (Provost) $705,016 $0 $75,424
Sanjay Sarma (Vp For Open Learning) $601,085 $0 $64,527
Eric Evans (Director Of Lincoln Laboratory) $560,072 $0 $70,807
Julie Lucas (Vp For Resource Development) $534,600 $0 $42,222
Mark Di Vincenzo (Vp And General Counsel) $489,204 $0 $72,186
Maria Zuber (Vp For Research) $473,863 $0 $69,714
Cynthia Barnhart (Chancellor) $471,541 $0 $45,782
W Eric Grimson (Former Chancellor) (Chancellor For Academic Advancement) $412,275 $0 $34,838
Kirk Kolenbrander (Vice President) $372,456 $0 $76,192
Claude Canizares (Former Vice President) (Professor) $358,411 $0 $61,744
Chris Kaiser (Former Provost) (Professor) $355,838 $0 $68,783
Robert Millard (Chair Of The Corporation) $352,668 $0 $47,861
Suzanne Glassburn (Vice President And Secretary (Incoming)) $264,082 $0 $64,992
Denis A Bovin (Executive Committee Member) $0 $0 $0
Ursula M Burns (Executive Committee Member) $0 $0 $0
Diana C Walsh (Executive Committee Member) $0 $0 $0

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Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,443,525,000
Expenses
$3,855,696,000
Net Income
$587,829,000
Net Assets
$21,374,624,000
Notable Sources of Revenue Percent of Total Revenue
Contributions $875,797,000
19.7%
Program Services $2,289,060,000
51.5%
Investment Income $91,181,000
2.1%
Bond Proceeds $0
Royalties $48,249,000
1.1%
Rental Property Income $90,569,000
2.0%
Net Fundraising $0
Sales of Assets $1,048,669,000
23.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $9,984,000
0.3%
Professional Fundraising Fees $1,222,000
0.0%
Other Salaries and Wages $1,402,733,000
36.4%
Assets/Debt
Total Assets $25,861,939,000
Total Liabilities $4,487,315,000
Net Assets $21,374,624,000
Other
Operated a donor-advised fund
Operated a school
Provided first-class or charter travel
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Seth Alexander (President Of Mitim Co) $1,873,205 $0 $312,451
Steven Marsh (Managing Director Mitim Co) $1,572,847 $0 $297,964
Robert Gibbons (Professor Sloan) $1,096,331 $0 $70,814
L Rafael Reif (President) $1,053,166 $0 $134,288
Thomas Wieand (Global Investment Professional Mitimco) $1,013,414 $0 $182,540
Ivan Werning (Professor Economics) $934,044 $0 $25,372
Matthew Fisher (Global Investment Professional Mitimco) $919,856 $0 $169,052
Israel Ruiz (Executive Vp And Treasurer) $744,243 $0 $55,668
Susan Hockfield (President Emerita And Professor) $725,363 $0 $42,012
Martin Schmidt (Provost) $681,998 $0 $96,171
R Gregory Morgan (Senior Vp And Secretary Of The Corporation) $650,820 $0 $71,593
Eric Evans (Director Of Lincoln Laboratory) $539,321 $0 $67,270
Julie Lucas (Vp For Resource Development) $529,746 $0 $38,732
Sanjay Sarma (Vp For Open Learning) $505,916 $0 $58,967
Cynthia Barnhart (Chancellor) $472,437 $0 $51,135
Mark Di Vincenzo (Vp And General Counsel) $472,203 $0 $63,535
Maria Zuber (Vp For Research) $458,078 $0 $61,335
W Eric Grimson (Former Chancellor) (Chancellor For Academic Advancement) $398,663 $0 $34,846
Kirk Kolenbrander (Vice President) $362,166 $0 $71,859
Claude Canizares (Former Vice President) (Professor) $350,492 $0 $35,472
Chris Kaiser (Former Provost) (Professor) $348,432 $0 $65,626
Robert Millard (Chairman Of The Corporation) $341,971 $0 $47,384
Denis A Bovin (Executive Committee Member) $3,000 $0 $0
Ursula M Burns (Executive Committee Member) $0 $0 $0
Diana C Walsh (Executive Committee Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,137,922,000
Expenses
$3,751,619,000
Net Income
$386,303,000
Net Assets
$19,006,233,000
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,028,323,000
24.9%
Program Services $2,170,094,000
52.4%
Investment Income $72,774,000
1.8%
Bond Proceeds $0
Royalties $38,725,000
0.9%
Rental Property Income $99,048,000
2.4%
Net Fundraising $0
Sales of Assets $728,958,000
17.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $9,280,000
0.2%
Professional Fundraising Fees $144,000
0.0%
Other Salaries and Wages $1,265,095,000
33.7%
Assets/Debt
Total Assets $23,727,446,000
Total Liabilities $4,721,213,000
Net Assets $19,006,233,000
Other
Operated a school
Provided first-class or charter travel
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Seth Alexander (President Of Mitim Co) $1,786,429 $0 $319,046
Steven Marsh (Managing Director Mitim Co) $1,495,549 $0 $308,874
Thomas Wieand (Global Investment Professional Mitimco) $1,027,850 $0 $214,866
L Rafael Reif (President) $974,773 $0 $127,703
Ivan Werning (Professor Economics) $938,097 $0 $25,237
Ryan Akkina (Global Investment Professional Mitimco) $905,487 $0 $199,622
Matthew Fisher (Global Investment Professional Mitimco) $892,652 $0 $189,898
Susan Hockfield (President Emerita And Professor) $707,220 $0 $42,759
Israel Ruiz (Executive Vp And Treasurer) $700,307 $0 $55,006
Martin Schmidt (Provost) $650,991 $0 $118,240
R Gregory Morgan (Senior Vp And Secretary Of The Corporation) $630,496 $0 $70,882
Eric Evans (Director Of Lincoln Laboratory) $506,728 $0 $70,110
Sanjay Sarma (Vp For Open Learning) $500,296 $0 $58,783
Julie Lucas (Vp For Resource Development) $498,023 $0 $38,479
Cynthia Barnhart (Chancellor) $450,723 $0 $66,378
Mark Di Vincenzo (Vp And General Counsel) $450,236 $0 $62,319
Maria Zuber (Vp For Research) $437,380 $0 $60,152
W Eric Grimson (Former Chancellor) (Chancellor For Academic Advancement) $384,973 $0 $34,476
Chris Kaiser (Former Provost) (Professor) $375,706 $0 $60,496
Claude Canizares (Former Vice President) (Professor) $362,077 $0 $34,865
Kirk Kolenbrander (Vice President) $348,885 $0 $72,002
Robert B Millard (Chairman Of The Corporation) $331,212 $0 $46,909
Denis A Bovin (Executive Committee Member) $0 $0 $0
James A Champy (Executive Committee Member) $0 $0 $0
Diana Chapman Walsh (Executive Committee Member) $0 $0 $0

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Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,961,420,000
Expenses
$3,604,394,000
Net Income
$357,026,000
Net Assets
$16,884,776,000
Notable Sources of Revenue Percent of Total Revenue
Contributions $963,130,000
24.3%
Program Services $2,115,709,000
53.4%
Investment Income $78,918,000
2.0%
Bond Proceeds $0
Royalties $57,533,000
1.5%
Rental Property Income $84,177,000
2.1%
Net Fundraising -$120,000
Sales of Assets $662,073,000
16.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $8,672,000
0.2%
Professional Fundraising Fees $575,000
0.0%
Other Salaries and Wages $1,196,088,000
33.2%
Assets/Debt
Total Assets $22,177,032,000
Total Liabilities $5,292,256,000
Net Assets $16,884,776,000
Other
Operated a school
Provided first-class or charter travel
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Seth Alexander (President Of Mitim Co) $1,753,921 $0 $51,906
Steven Marsh (Managing Director Mitim Co) $1,339,186 $0 $68,010
L Rafael Reif (President) $917,855 $0 $123,162
Ivan Werning (Professor Economics) $868,935 $0 $28,145
Thomas Wieand (Global Investment Professional Mitim Co) $848,673 $0 $50,379
Daron Acemoglu (Professor Economics) $829,737 $0 $57,166
Steven Eppinger (Professor Sloan) $782,936 $0 $63,959
Susan Hockfield (President Emerita & Professor) $716,489 $0 $80,207
R Gregory Morgan (Senior Vp And Secretary Of The Corporation) $633,479 $0 $71,363
Israel Ruiz (Executive Vp And Treasurer) $581,064 $0 $50,191
Martin A Schmidt (Provost) $546,540 $0 $116,666
Julie Lucas (Vp For Resource Development) $517,321 $0 $26,241
Eric Evans (Director Of Lincoln Laboratory) $476,648 $0 $63,175
Chris Kaiser (Former Provost) (Professor) $446,119 $0 $60,862
Claude Canizares (Former Vice President) (Professor) $385,138 $0 $35,048
Cynthia Barnhart (Chancellor) $380,915 $0 $65,830
Maria Zuber (Vp For Research) $378,642 $0 $61,434
W Eric Grimson (Former Chancellor) (Chancellor For Academic Advancement) $369,172 $0 $41,526
Mark Di Vincenzo (Vp And General Counsel) $361,781 $0 $62,535
Sanjay Sarma (Vp For Open Learning) $348,652 $0 $59,079
Kirk Kolenbrander (Vice President) $342,713 $0 $66,398
Phillip Clay (Former Chancellor) (Professor) $322,809 $0 $33,776
Robert B Millard (Chairman Of The Corporation) $315,548 $0 $29,459
Denis A Bovin (Executive Committee Member) $0 $0 $0
James A Champy (Executive Committee Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,042,224,000
Expenses
$3,362,019,000
Net Income
$680,205,000
Net Assets
$17,562,621,000
Notable Sources of Revenue Percent of Total Revenue
Contributions $985,424,000
24.4%
Program Services $2,005,751,000
49.6%
Investment Income $71,430,000
1.8%
Bond Proceeds $0
Royalties $43,596,000
1.1%
Rental Property Income $98,987,000
2.4%
Net Fundraising $0
Sales of Assets $837,036,000
20.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $7,552,000
0.2%
Professional Fundraising Fees $889,000
0.0%
Other Salaries and Wages $1,123,802,000
33.4%
Assets/Debt
Total Assets $21,882,075,000
Total Liabilities $4,319,454,000
Net Assets $17,562,621,000
Other
Operated a school
Provided first-class or charter travel
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Seth Alexander (President Of Mitim Co) $1,555,973 $0 $51,209
Steven Marsh (Managing Director Mitim Co) $1,199,016 $0 $67,013
Susan Hockfield (President Emerita And Professor) $975,961 $0 $119,618
L Rafael Reif (President) $849,906 $0 $117,981
Charles Fine (Professor Sloan School Of Management) $793,877 $0 $112,529
Daron Acemoglu (Professor Economics) $785,598 $0 $55,782
Roberto Fernandez (Professor Sloan School Of Management) $776,420 $0 $66,758
R Gregory Morgan (Senior Vp And Secretary Of The Corporation) $600,360 $0 $73,680
Chris Kaiser (Former Provost) (Professor) $592,069 $0 $59,981
Israel Ruiz (Executive Vp And Treasurer) $557,150 $0 $49,613
Martin Schmidt (Provost) $502,765 $0 $107,418
Eric Evans (Director Of Lincoln Laboratory) $458,448 $0 $60,403
Jeffrey Newton (Former Vp For Resource Development) $457,030 $0 $8,521
Kirk Kolenbrander (Vice President) $364,901 $0 $64,072
Maria Zuber (Vp For Research) $362,826 $0 $66,113
Claude Canizares (Vice President) $349,405 $0 $53,630
W Eric Grimson (Former Chancellor) (Chancellor For Academic Advancement) $343,740 $0 $72,213
Cynthia Barnhart (Chancellor) $329,956 $0 $64,459
Phillip Clay (Former Chancellor) (Professor) $326,267 $0 $33,527
Mark Di Vincenzo (Vp And General Counsel (Incoming)) $275,633 $0 $61,627
John S Reed (Chairman Of The Corporation (Outgoing)) $230,722 $0 $2,941
Robert B Millard (Chairman Of The Corporation (Incoming)) $70,746 $0 $6,027
Denis A Bovin (Executive Committee Member) $0 $0 $0
James A Champy (Executive Committee Member) $0 $0 $0
Lawrence K Fish (Executive Committee Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,070,665,000
Expenses
$3,151,739,000
Net Income
$918,926,000
Net Assets
$16,080,948,000
Notable Sources of Revenue Percent of Total Revenue
Contributions $956,016,000
23.5%
Program Services $1,817,391,000
44.6%
Investment Income $83,436,000
2.0%
Bond Proceeds $0
Royalties $75,065,000
1.8%
Rental Property Income $63,229,000
1.6%
Net Fundraising -$88,000
Sales of Assets $886,215,000
21.8%
Net Inventory Sales $0
Other Revenue $189,401,000
4.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $7,759,000
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,059,280,000
33.6%
Assets/Debt
Total Assets $20,337,912,000
Total Liabilities $4,256,964,000
Net Assets $16,080,948,000
Other
Operated a school
Provided first-class or charter travel
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Seth Alexander (President Of Mitim Co) $1,360,610 $0 $50,220
Steven Marsh (Managing Director Mitim Co) $992,478 $0 $65,687
L Rafael Reif (President) $783,877 $0 $107,197
David Schmittlein (Dean Sloan School Of Mgmt) $725,584 $0 $43,872
Daniel Steele (Global Investment Professional) $718,778 $0 $64,735
Susan Hockfield (President Emerita & Professor) $710,014 $0 $98,924
Nelson Repenning (Professor Sloan School Of Mgmt) $705,394 $0 $44,748
R Gregory Morgan (Vp & General Counsel) $567,535 $0 $65,591
Chris Kaiser (Provost (Outgoing)) $530,429 $0 $58,968
Israel Ruiz (Executive Vp & Treasurer) $523,841 $0 $48,742
Eric Evans (Director Of Lincoln Laboratory) $438,052 $0 $61,346
Jeffrey Newton (Vp Of Resource Development) $413,969 $0 $53,086
Maria Zuber (Vp For Research) $368,470 $0 $109,534
Claude Canizares (Vp) $349,949 $0 $56,210
Phillip Clay (Professor) $344,051 $0 $33,016
W Eric Grimson (Chancellor (Outgoing)) $328,789 $0 $70,820
Kirk Kolenbrander (Vp & Secretary Of The Corporation) $303,601 $0 $62,291
Martin Schmidt (Provost (Incoming)) $300,277 $0 $106,084
Cynthia Barnhart (Chancellor (Incoming)) $277,510 $0 $72,667
John S Reed (Chairman Of The Corporation) $276,557 $0 $3,831
A Neil Pappalardo (Executive Committee Member) $0 $0 $0
Arthur J Samberg (Executive Committee Member) $0 $0 $0
Barrie R Zesiger (Executive Committee Member) $0 $0 $0
Denis A Bovin (Executive Committee Member) $0 $0 $0
Diana Chapman Walsh (Executive Committee Member) $0 $0 $0

Document Links

Fiscal Year Ending July
2013

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$139,978
Expenses
-$179,488
Net Income
$319,466
Net Assets
$30,250
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $138,628
99.0%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $30,250
Total Liabilities $0
Net Assets $30,250

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,355,435,000
Expenses
$3,384,603,000
Net Income
-$29,168,000
Net Assets
$12,548,056,000
Notable Sources of Revenue Percent of Total Revenue
Contributions $894,547,000
26.7%
Program Services $1,770,381,000
52.8%
Investment Income $84,578,000
2.5%
Bond Proceeds $0
Royalties $128,368,000
3.8%
Rental Property Income $47,588,000
1.4%
Net Fundraising $0
Sales of Assets $321,640,000
9.6%
Net Inventory Sales $0
Other Revenue $108,333,000
3.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $6,421,000
0.2%
Professional Fundraising Fees $358,000
0.0%
Other Salaries and Wages $954,644,000
28.2%
Assets/Debt
Total Assets $16,769,229,000
Total Liabilities $4,221,173,000
Net Assets $12,548,056,000

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,492,311,000
Expenses
$2,797,927,000
Net Income
$694,384,000
Net Assets
$12,132,083,000
Notable Sources of Revenue Percent of Total Revenue
Contributions $970,793,000
27.8%
Program Services $1,656,130,000
47.4%
Investment Income $106,386,000
3.0%
Bond Proceeds $63,000
0.0%
Royalties $105,324,000
3.0%
Rental Property Income $37,298,000
1.1%
Net Fundraising $0
Sales of Assets $387,589,000
11.1%
Net Inventory Sales $0
Other Revenue $228,728,000
6.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $5,387,000
0.2%
Professional Fundraising Fees $449,000
0.0%
Other Salaries and Wages $903,686,000
32.3%
Assets/Debt
Total Assets $15,997,478,000
Total Liabilities $3,865,395,000
Net Assets $12,132,083,000

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2000

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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