Cause IQ organization profile

Massachusetts Institute of Technology (MIT)

Program areas | Form 990s | Financials | Vendors | Personnel | Peers

MIT is a university based in Cambridge, MA that was founded in 1861. As of 2018 they had $4.4 billion in revenue and $25 billion in assets.

The mission of Massachusetts Institute of Technology (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.

Previous legal names or variations of their name include: Tau Beta Pi.

EIN:
04-2103594
City:
State:
Metro:
Website:
Phone:
617-253-1000
Facebook:
Twitter:
Founded:
1861
Type:
501(c)(3)
NTEE:
Revenue:
$4,443,525,000
Assets:
$25,861,939,000
Employees:
25,269
Fiscal year end:
June
Revenue trends:
Asset trends:

Program areas at MIT

Sponsored research: mit's cambridge, ma campus provides a fertile setting for research that has spawned a host of scientific breakthroughs and technological advances. Primarily sponsored by federal grants and contracts, research at mit aims to develop innovative solutions to the world's most daunting challenges. From addressing the energy needs of tomorrow to improving cancer therapies and more, mit's research efforts are enhanced through creative collaborations in interdisciplinary labs and with leading research institutes and consortia around the world.

Scholarships and fellowships: 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 2017-2018, approximately 57% 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.

Instruction and unsponsored research: mit is committed to providing a world-class education to our approximately 4,500 undergraduates and approximately 6,900 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 & planning; and management) create the foundation of a rigorous mit education, which is heightened by service to communities around the world.

Form 990s for MIT

Fiscal year endingDate received by IRSFormPDF link
2018-06Jun 19, 2019990View PDF
2017-06Nov 15, 2018990View PDF
2016-06Sep 27, 2017990View PDF
2015-06Aug 3, 2016990View PDF
2014-06Jul 15, 2015990View PDF
...and five more Form 990 PDFs

Financials for MIT

Field2018
Total grants, contributions, etc.$875,797,000
Program services$2,289,060,000
Investment income and dividends$91,181,000
Tax-exempt bond proceeds$0
Royalty revenue$48,249,000
Net rental income$90,569,000
Net gain from sale of non-inventory assets$1,048,669,000
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$4,443,525,000

Vendors for MIT

VendorServicesAmount paidDate
Pricewaterhousecoopers LLPAudit accounting; Accounting (including auditing)$72,6722020-03-24
█████████ ████████Software2019-08-29
██████████Marketing software2019-08-29
██████Fundraising software2019-08-27
███████ ███ ████Fundraising software; Payment processing2019-08-27
████ ███ ████ ███Construction$27,759,4332018-06-01
█████████ ███ ██████ █████████Fundraising Consulting$63,6592018-06-01
████ ████████ ███Construction$20,142,8472018-06-01
...and 22 more vendors

Personnel at MIT

NameTitleCompensationMost recent data
Cynthia BarnhartChancellor$277,510July 13, 2019
W. Eric L. GrimsonChancellor for Academic Advancement$328,789July 13, 2019
███████ ██ ██████Chief Executive Officer, Mit Alumni Association-July 13, 2019
████ ████Vice President for Finance-April 29, 2020
█████████ ██ █████████Vice President for Communications-Jan. 10, 2019
████ █████Vice President for Information Systems and Technology-July 13, 2019
█████ █████Vice President for Resource Development-July 13, 2019
█████ ██ █████Vice President for Research$368,470July 13, 2019
████ ██████████Vice President and General Counsel-July 13, 2019
██████ █████Vice President for Open Learning-Jan. 10, 2019
...and 11 more key personnel

Peer universities

 NameTypeRevenueLocation
1Northeastern University (NU)501(c)(3)$1.6 billionBoston, MA
2Tufts University501(c)(3)$1.1 billionSomerville, MA
3Trustees of Boston University501(c)(3)$2.4 billionBoston, MA
4California Institute of Technology501(c)(3)$3.5 billionPasadena, CA
5Harvard University501(c)(3)$5.7 billionCambridge, MA
6Boston College501(c)(3)$1.1 billionChestnut Hill, MA
7University of Delaware (UD)501(c)(3)$1.3 billionNewark, DE
8Drexel University501(c)(3)$1.3 billionPhiladelphia, PA
9University of Cambridge501(c)(3)$2.4 billionUnited Kingdom,
10Northwestern University501(c)(3)$3.1 billionEvanston, IL
11University of Notre Dame501(c)(3)$2.5 billionNotre Dame, IN
12University of Southern California (USC)501(c)(3)$5.6 billionLos Angeles, CA
13Stanford University501(c)(3)$7.2 billionRedwood City, CA
14Columbia University501(c)(3)$5.8 billionNew York, NY
15Brown University501(c)(3)$1.3 billionProvidence, RI
16New York University (NYU)501(c)(3)$7.2 billionNew York, NY
17The Medical College of Wisconsin (MCW)501(c)(3)$1.2 billionMilwaukee, WI
18University of Miami (UM)501(c)(3)$3.7 billionCoral Gables, FL
19The University of Chicago (UChicago)501(c)(3)$3.6 billionChicago, IL
20Liberty University501(c)(3)$1.1 billionLynchburg, VA
21Emory University501(c)(3)$4.5 billionAtlanta, GA
22Johns Hopkins University (JHU)501(c)(3)$6.4 billionBaltimore, MD
23Georgetown University501(c)(3)$1.6 billionWashington, DC
24University of Rochester501(c)(3)$3.8 billionRochester, NY
25Dartmouth College501(c)(3)$1.4 billionHanover, NH

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