EIN 04-2121659

Worcester Polytechnic Institute (WPI)

IRS 501(c) type
501(c)(3)
Num. employees
3,944
Year formed
1865
Most recent tax filings
2021-06-01
Description
Worcester Polytechnic Institute educates talented men and women in engineering, science, management, and humanities in preparation for careers of professional practice, civic contribution, and leadership, facilitated by active lifelong learning.
Total revenues
$398,152,961
2021
Total expenses
$398,514,619
2021
Total assets
$1,309,104,658
2021
Num. employees
3,944
2021

Program areas at WPI

The university provides education in the fields of science, technology, engineering and mathematics to approximately 4,900 undergraduate and 2,000 graduate students. In addition, housing and board auxiliary services are provided for approximately 1,900 students. During fiscal year 2021, the university awarded 1,016 bachelor, 742 master and 62 phd degrees. Students emerge from the university's unique experience ready to take on some of the most difficult challenges in science and technology. More importantly, they understand how their work can truly impact society and improve lives.
The university's graduate studies division provides tailor-made programs to approximately 370 students, mainly at corporate student sites, using industry experts and dedicated program support staff. This practical approach adds value by providing clients with knowledge and skills that can be directly applied to their real-world job challenges. Additionally during fiscal year 2021, approximately 535 individuals participated in one or more professional workshops or short courses.
At the university, 221 faculty and post doc researchers, and 546 students are engaged in cutting-edge research across a broad range of disciplines. The university receives research funding from a variety of sources, primarily from governmental organizations such as the national science foundation, department of defense, national Institute of health and other federal agencies. Research at the university has a decidedly applied focus, with work focused on problems that are both interesting and important. The result is new knowledge, new innovations, and technological advances that attack some of the major challenges of our time.

Grants made by WPI

GranteeGrant descriptionAmount
Assistments FoundationResearch$1,537,361
University of MassachusettsResearch$772,570
Regents of the University of California at IrvineResearch$548,640
...and 25 more grants made totalling $4,889,064

Who funds Worcester Polytechnic Institute (WPI)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Schwab Charitable FundEducation$1,029,997
American Cancer Society (ACS)Extramural Research Grant$792,000
Advanced Regenerative Manufacturing InstituteSubaward Pursuant To Our Technology Investment Agreement With the Government$360,709
...and 76 more grants received totalling $4,716,992
Federal funding details
Federal agencyProgram nameAmount
Department of EducationFEDERAL DIRECT STUDENT LOANS$27,113,286
Department of DefenseBASIC SCIENTIFIC RESEARCH$5,076,135
Department of EducationPERKINS STARTING BALANCE$4,712,159
...and 129 more federal grants / contracts

Personnel at WPI

NameTitleCompensation
Jeffrey SolomonTreasurer , Executive Vice President , Chief Financial Officer / Treasurer , Executive Vice President and Chief Financial Officer / Executive Vice Presidentchief Financial Officer / Treasurer and Executive Vice President and Chief Financial Officer$493,020
Michael HoranExecutive Vice President and Chief Financial Officer
William McAvoyVice President , University Advancement / Vice President University Advancement$571,124
Michelle Jones-JohnsonVice President for Talent Development and Chief Financial Officer$242,439
Philip ClayVice President Student Affairs / Vice President of Student Affairs and Dean of Students$307,518
...and 19 more key personnel

Financials for WPI

RevenuesFYE 06/2021
Total grants, contributions, etc.$32,507,077
Program services$361,959,356
Investment income and dividends$3,447,093
Tax-exempt bond proceeds$0
Royalty revenue$223,551
Net rental income$0
Net gain from sale of non-inventory assets$11,276
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$4,608
Total revenues$398,152,961

Form 990s for WPI

Fiscal year endingDate received by IRSFormPDF link
2020-062021-05-11990View PDF
2019-062021-01-28990View PDF
2018-062019-11-04990View PDF
2017-062018-06-14990View PDF
2016-062017-11-06990View PDF
...and 8 more Form 990s

Organizations like WPI

OrganizationLocationRevenue
Loyola University Chicago (LUC)Chicago, IL$813,555,821
Wake Forest University (WFU)Winston Salem, NC$583,443,727
Santa Clara University (SCU)Santa Clara, CA$543,668,030
Saint Johns University (SJU)Jamaica, NY$734,320,273
Clark UniversityWorcester, MA$181,293,663
Pace UniversityNew York, NY$612,723,269
Sacred Heart University (SHU)Fairfield, CT$421,283,865
Syracuse University (SU)Syracuse, NY$1,510,275,831
Liberty UniversityLynchburg, VA$1,515,953,706
Baylor University (BU)Waco, TX$1,350,314,650
Data update history
May 24, 2023
Updated personnel
Identified 4 new personnel
May 13, 2023
Used new vendors
Identified 1 new vendor, including
May 6, 2023
Received grants
Identified 1 new grant, including a grant for $2,500 from August Foundation
April 5, 2023
Updated personnel
Identified 1 new personnel
January 24, 2023
Updated personnel
Identified 11 new personnel
Nonprofit Types
SchoolsHigher ed institutionsHeadquarter / parent organizations
Issues
EducationArts, cultural, and humanities
Characteristics
Political advocacyLobbyingOperates internationallyState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsTax deductible donations
General information
Address
100 Institute Rd
Worcester, MA 01609
Metro area
Worcester, MA-CT
County
Worcester County, MA
Website URL
wpi.edu/ 
Phone
(508) 831-5000
Facebook page
wpi.edu 
Twitter profile
@wpi 
IRS details
EIN
04-2121659
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1865
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B43: University or Technological Institute
NAICS code, primary
611310: Colleges, Universities, and Professional Schools
Parent/child status
Central organization
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