EIN 04-2121659

Worcester Polytechnic Institute (WPI)

IRS 501(c) type
501(c)(3)
Num. employees
4,355
Year formed
1865
Most recent tax filings
2020-06-01
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.

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 2,000 students. During fiscal year 2020, the university awarded 1043 bachelor, 674 master and 54 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 corporate and professional education division provides tailor-made programs to approximately 400 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 2020, approximately 454 individuals participated in one or more professional workshops or short courses.
At the university, 216 faculty and post doc researchers, and 412 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.

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

Who funds Worcester Polytechnic Institute (WPI)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Silicon Valley Community Foundation (SVCF)Education$1,000,000
 View purchase optionsGeneral Support$505,000
 View purchase optionsColleges and Universities$373,950
...and 59 more grants received
Federal funding details
Federal agencyProgram nameAmount
Department of EducationFEDERAL DIRECT STUDENT LOANS$25,889,333
 View purchase options████ ████ ███$░,░░░,░░░
 View purchase options████ █ █████ ███ █ █████$░,░░░,░░░
...and 114 more federal grants / contracts

Grants made by WPI

GranteeGrant descriptionAmount
Regents of the University of California at IrvineResearch$279,708
University of MassachusettsResearch$226,130
University of MassachusettsResearch$161,095
 View purchase optionsResearch$140,555
 View purchase optionsResearch$118,644
...and 18 more grants made

Financials for WPI

RevenuesFYE 06/2020
Total grants, contributions, etc.$33,087,495
Program services$349,848,582
Investment income and dividends$5,865,103
Tax-exempt bond proceeds$0
Royalty revenue$223,551
Net rental income$0
Net gain from sale of non-inventory assets$-4,409,090
Net income from fundraising events$0
Net income from gaming activities$22,302
Net income from sales of inventory$0
Miscellaneous revenues$-141,008
Total revenues$384,496,935

Personnel at WPI

NameTitleCompensation
Jeffrey SolomonTreasurer , Executive Vice President , Chief Financial Officer / Executive Vice President and Chief Financial Officer$543,383
Amy MortonVice President and Chief of Staff$235,966
William McAvoyVice President University Advancement$430,777
 View purchase optionsVice President for Talent Development and Chief Financial Officer$242,439
 View purchase optionsSenior Vice President Enrol Management / Senior Vice President Enrollment Management$577,847
...and 15 more key personnel

Organizations like WPI

OrganizationLocationRevenue
Illinois Institute of Technology (IIT)Chicago, IL$410,466,852
Rice UniversityHouston, TX$976,544,472
Medical College of Wisconsin (MCW)Milwaukee, WI$1,286,151,484
Alfred UniversityAlfred, NY$125,818,572
Thomas Jefferson University (TJU)Philadelphia, PA$1,089,489,788
Rensselaer Polytechnic Institute (RPI)Troy, NY$653,047,178
University of the Sciences in PhiladelphiaPhiladelphia, PA$107,500,197
Rochester Institute of Technology (RIT)Rochester, NY$849,584,640
Seattle Pacific University (SPU)Seattle, WA$170,237,261
Sacred Heart University (SHU)Fairfield, CT$378,358,523
Syracuse University (SU)Syracuse, NY$1,522,525,721
Clark UniversityWorcester, MA$200,947,598
Saint Johns University (SJU)Jamaica, NY$810,687,746
Santa Clara University (SCU)Santa Clara, CA$550,696,402
Pace UniversityNew York, NY$597,655,933
Wake Forest University (WFU)Winston Salem, NC$583,443,727
Loyola University Chicago (LUC)Chicago, IL$863,455,479
Drexel UniversityPhiladelphia, PA$1,329,522,543
Georgetown UniversityWashington, DC$1,684,831,601
Case Western Reserve University (CWRU)Cleveland, OH$1,252,653,848
Stevens Institute of Technology (SIT)Hoboken, NJ$382,922,762
Brandeis UniversityWaltham, MA$457,392,877
Nova Southeastern University (NSU)Fort Lauderdale, FL$777,842,794
Carnegie Mellon University (CMU)Pittsburgh, PA$1,850,131,561
Johnson & Wales UniversityProvidence, RI$403,272,641
Nonprofit Types
Issues
Characteristics
Key performance indicators
Total revenues
$384,496,935
2020
Yearly growth
2.8%
% of revenues
n/a
Total expenses
$390,932,284
2020
Yearly growth
3.2%
% of expenses
n/a
Total assets
$1,164,375,963
2020
Yearly growth
13.6%
% of assets
n/a
Num. employees
4,355
2020
Yearly growth
2.4%
% of total
n/a
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