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Mit International Inc

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 / Single Organization Support (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$23.3M (2023)

Expenses
$8.38M (2023)

Total Assets
$18.7M (2023)

Total Liabilities
$2.04M (2023)

Source: Form 990 tax filings from 2016 to 2023

Tax Filings 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.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$23,334,000
Expenses
$8,383,000
Net Income
$14,951,000
Net Assets
$16,689,000
Notable Sources of Revenue Percent of Total Revenue
Contributions $22,215,000
95.2%
Program Services $1,051,000
4.5%
Investment Income $16,000
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $52,000
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,102,000
13.1%
Assets/Debt
Total Assets $18,724,000
Total Liabilities $2,035,000
Net Assets $16,689,000
Compensation
Key Employees and Officers Compensation Related Other
Nina Van Wormer (Associate Director, Global Investment Legal Services) $251,501 $0 $14,153
Charleston Sin (Executive Director, Mit Hong Kong Innovation Node) $244,934 $0 $13,656
Marina Chan (Senior Director Mit Hong Kong Innovation Node, Head Of Education) $156,819 $0 $7,797
Sunnie Lau (Director Of Smart City Research And Industry Collaboration Mit Hong Kong Innovation Node) $130,768 $0 $7,491
Richard Lester (President) $0 $414,284 $44,495
Cynthia Barnhart (Director) $0 $833,157 $17,635
Glen Shor (Director) $0 $795,890 $68,243
Maria Zuber (Director) $0 $548,182 $37,703
Mark Di Vincenzo (Director) $0 $735,580 $80,556
Katherine Hammer (Treasurer) $0 $434,559 $34,077
Magdalene Lee (Vice President (Incoming)) $0 $19,167 $3,455
Matthew Fucci (Clerk) $0 $246,072 $57,228
Robert Lemp (Vice President (Outgoing)) $0 $233,457 $76,213

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,729,000
Expenses
$3,863,000
Net Income
-$1,134,000
Net Assets
$34,505,000
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,129,000
78.0%
Program Services $600,000
22.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $958,000
24.8%
Assets/Debt
Total Assets $34,517,000
Total Liabilities $12,000
Net Assets $34,505,000
Compensation
Key Employees and Officers Compensation Related Other
Charleston Sin (Executive Director, Mit Hong Kong Innovation Node) $235,115 $0 $12,181
Marina Chan (Senior Director Mit Hong Kong Innovation Node, Head Of Education) $138,329 $0 $5,557
Sunnie Lau (Director Of Smart City Research And Industry Collaboration Mit Hong Kong Innovation Node) $121,964 $0 $6,866
Richard Lester (President) $0 $373,899 $43,323
Cynthia Barnhart (Director (Incoming)) $0 $540,810 $16,028
Glen Shor (Director) $0 $690,228 $65,733
Maria Zuber (Director) $0 $518,971 $36,480
Mark Di Vincenzo (Director) $0 $637,631 $77,390
Martin Schmidt (Director (Outgoing)) $0 $741,078 $85,945
Katherine Hammer (Treasurer) $0 $354,341 $15,109
Matthew Fucci (Clerk) $0 $225,027 $56,756
Robert Lemp (Vice President) $0 $222,070 $74,301

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,428,000
Expenses
$8,792,000
Net Income
-$2,364,000
Net Assets
$42,559,000
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,860,000
91.2%
Program Services $568,000
8.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $616,000
7.0%
Assets/Debt
Total Assets $42,886,000
Total Liabilities $327,000
Net Assets $42,559,000
Compensation
Key Employees and Officers Compensation Related Other
Charleston Sin (Executive Director, Mit Hong Kong Innovation Node) $219,824 $0 $12,207
Marina Chan (Senior Director Mit Hong Kong Innovation Node, Head Of Education) $122,534 $0 $7,101
Sunnie Lau (Director Of Smart City Research And Industry Collaboration Mit Hong Kong Innovation Node) $116,036 $0 $6,880
Glen Shor (Director And Treasurer (Outgoing)) $0 $503,156 $63,870
Richard Lester (President) $0 $357,100 $42,650
Maria Zuber (Director) $0 $500,884 $35,549
Mark Di Vincenzo (Director) $0 $590,516 $75,485
Martin Schmidt (Director) $0 $700,892 $82,980
Katherine Hammer (Treasurer (Incoming)) $0 $0 $0
Matthew Fucci (Clerk) $0 $223,853 $58,156
Robert Lemp (Vice President) $0 $218,397 $72,400
Anthony Sharon (Former Vp) $0 $273,026 $554

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,443,000
Expenses
$5,652,000
Net Income
$11,791,000
Net Assets
$124,736,000
Notable Sources of Revenue Percent of Total Revenue
Contributions $17,306,000
99.2%
Program Services $137,000
0.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $638,000
11.3%
Assets/Debt
Total Assets $126,226,000
Total Liabilities $1,490,000
Net Assets $124,736,000
Compensation
Key Employees and Officers Compensation Related Other
Charleston Sin (Executive Director) $247,206 $0 $12,478
Marina Chan (Director Of Education) $115,750 $0 $6,689
Richard Lester (President) $0 $362,143 $43,649
Israel Ruiz (Director) $0 $868,577 $58,016
Maria Zuber (Director) $0 $490,529 $71,312
Mark Di Vincenzo (Director) $0 $518,042 $74,906
Martin Schmidt (Director) $0 $755,469 $76,469
Anthony Sharon (Vice President (Outgoing)) $0 $533,987 $35,434
Glen Shor (Treasurer) $0 $422,643 $63,256
Matthew Fucci (Clerk) $0 $217,933 $42,705
Robert Lemp (Vice President (Incoming)) $0 $215,743 $64,018

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$20,892,000
Expenses
$9,955,000
Net Income
$10,937,000
Net Assets
$112,923,000
Notable Sources of Revenue Percent of Total Revenue
Contributions $20,724,000
99.2%
Program Services $168,000
0.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $474,000
4.8%
Assets/Debt
Total Assets $114,834,000
Total Liabilities $1,911,000
Net Assets $112,923,000
Compensation
Key Employees and Officers Compensation Related Other
Brian Yin Chung Yen (Executive Director) $117,372 $0 $5,773
Marina Chan (Director Of Education) $106,241 $0 $5,613
Mark Di Vincenzo (Clerk (Outgoing) And Director) $0 $489,204 $72,186
Richard Lester (President) $0 $317,652 $47,396
R Gregory Morgan (Director) $0 $758,257 $78,533
Israel Ruiz (Director) $0 $770,726 $56,185
Martin Schmidt (Director) $0 $705,016 $75,424
Maria Zuber (Director) $0 $473,863 $69,714
Anthony Sharon (Vice President) $0 $475,086 $34,388
Glen Shor (Treasurer) $0 $392,908 $61,521
Matthew Fucci (Clerk (Incoming)) $0 $74,430 $13,348

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$24,842,000
Expenses
$14,213,000
Net Income
$10,629,000
Net Assets
$102,002,000
Notable Sources of Revenue Percent of Total Revenue
Contributions $24,791,000
99.8%
Program Services $39,000
0.2%
Investment Income $1,000
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $11,000
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $362,000
2.5%
Assets/Debt
Total Assets $102,823,000
Total Liabilities $821,000
Net Assets $102,002,000
Compensation
Key Employees and Officers Compensation Related Other
Richard Lester (President) $0 $299,639 $43,667
R Gregory Morgan (Director) $0 $650,820 $71,593
Israel Ruiz (Director) $0 $744,243 $55,668
Martin Schmidt (Director) $0 $681,998 $96,171
Maria Zuber (Director) $0 $458,078 $61,335
Mark Di Vincenzo (Clerk) $0 $472,203 $63,535
Anthony Sharon (Vice President) $0 $455,287 $34,149
Glen Shor (Treasurer) $0 $359,510 $60,584
Brian Yin Chung Yen (Executive Director) $0 $196,558 $9,828

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$68,877,000
Expenses
$2,700,000
Net Income
$66,177,000
Net Assets
$91,373,000
Notable Sources of Revenue Percent of Total Revenue
Contributions $68,872,000
100.0%
Program Services $4,000
0.0%
Investment Income $1,000
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $300,000
11.1%
Assets/Debt
Total Assets $92,186,000
Total Liabilities $813,000
Net Assets $91,373,000
Compensation
Key Employees and Officers Compensation Related Other
Richard Lester (President) $0 $299,156 $40,324
R Gregory Morgan (Director) $0 $630,496 $70,882
Israel Ruiz (Director) $0 $700,307 $55,006
Martin Schmidt (Director) $0 $650,991 $118,240
Maria Zuber (Director) $0 $437,380 $60,152
Mark Di Vincenzo (Clerk) $0 $450,236 $62,319
Glen Shor (Treasurer) $0 $322,481 $59,758

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$25,196,000
Expenses
$0
Net Income
$25,196,000
Net Assets
$25,196,000
Notable Sources of Revenue Percent of Total Revenue
Contributions $25,196,000
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $25,196,000
Total Liabilities $0
Net Assets $25,196,000
Compensation
Key Employees and Officers Compensation Related Other
Richard Lester (Director And President) $0 $301,090 $74,630
Martin A Schmidt (Director) $0 $546,540 $116,666
Israel Ruiz (Director) $0 $581,064 $50,191
R Gregory Morgan (Director) $0 $633,479 $71,363
Maria Zuber (Director) $0 $378,642 $61,434
Mark Di Vincenzo (Clerk) $0 $361,781 $62,535
Glen Shor (Treasurer) $0 $280,948 $39,357

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.

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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 »

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