Nonprofit · EIN 04-2103594
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
Tax-exempt · CAMBRIDGE, MA 02139
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $6,737,799,000 | $5,505,788,000 | $1,232,011,000 | $45,313,517,000 | $7,650,987,000 | $37,662,530,000 |
| June 30, 2024 | 990 | $5,855,286,000 | $5,194,162,000 | $661,124,000 | $39,938,014,000 | $6,399,145,000 | $33,538,869,000 |
| June 30, 2023 | 990 | $4,954,533,000 | $4,901,572,000 | $52,961,000 | $38,587,698,000 | $6,425,209,000 | $32,162,489,000 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,211,505,000
- of which government grants
- $492,156,000
- Program service revenue
- $3,165,212,000
- Investment income
- $1,705,154,000
- Royalties
- $74,948,000
- Net rental income
- $580,980,000
- Net gain from sales of assets
- $1,362,182,000
- Other revenue
- $655,928,000
Expenses
- Grants and similar amounts paid
- $706,619,000
- Compensation of officers, directors and key employees
- $14,015,000
- Other salaries and wages
- $2,102,088,000
- Salaries, compensation and benefits (total)
- $2,665,985,000
- Professional fundraising fees
- $1,749,000
- Legal fees
- $38,326,000
- Accounting fees
- $1,917,000
- Occupancy
- $247,659,000
- Travel
- $94,601,000
- Depreciation
- $285,231,000
- Program services (functional)
- $4,451,762,000
- Management and general (functional)
- $983,887,000
- Fundraising (functional)
- $70,139,000
Balance sheet and other
- Total assets, start of year
- $39,938,014,000
- Total assets, end of year
- $45,313,517,000
- Total liabilities, end of year
- $7,650,987,000
- Net assets, end of year
- $37,662,530,000
- Land, buildings and equipment
- $5,604,229,000
- Publicly traded securities
- $2,876,440,000
- Net assets without donor restrictions
- $16,940,931,000
- Net assets with donor restrictions
- $20,721,599,000
- Gross unrelated business income
- $57,870,000
- Gross receipts
- $15,053,199,000
- Employees
- 28,041
- Volunteers
- 15,812
- Year formed
- 1861
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Seth Alexander | President of MITIMCo Key employee | 60 | $3,845,075 | $617,315 |
| Thomas Wieand | Global Investment Professional, MITIMCo Highest-paid employee | 60 | $2,411,804 | $562,091 |
| Navneeth Harikumar | Global Investment Professional, MITIMCo Highest-paid employee | 60 | $2,406,464 | $523,521 |
| Ryan Akkina | Global Investment Professional, MITIMCo Highest-paid employee | 60 | $2,372,792 | $546,539 |
| Joel Cohen | Global Investment Professional, MITIMCo Highest-paid employee | 60 | $2,132,811 | $478,024 |
| Sally Kornbluth | President Trustee or director, Officer | 60 | $1,734,292 | $417,496 |
| L Rafael Reif | Professor (Former President) Highest-paid employee | 60 | $1,807,611 | $42,219 |
| Cynthia Barnhart | Provost Key employee | 60 | $1,084,227 | $19,305 |
| Glen Shor | Executive VP and Treasurer Trustee or director, Officer | 60 | $950,529 | $76,638 |
| Mark DiVincenzo | VP and General Counsel Key employee | 60 | $879,429 | $98,415 |
| Eric Evans | Professor (Former Director of Lincoln Laboratory) Former | 40 | $833,185 | $51,514 |
| Melissa Nobles | Chancellor Key employee | 60 | $684,508 | $88,225 |
| Julie Lucas | VP for Resource Development Key employee | 60 | $701,532 | $52,489 |
| Ian Waitz | VP for Research Key employee | 60 | $636,051 | $97,495 |
| Maria Zuber | Presidential Advisor for Science and Technology Policy (Former VP for Research) Former | 40 | $609,859 | $42,454 |
19 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| W Eric Grimson | Chancellor for Academic Advancement (Former Interim VP for Open Learning) Former | 40 | $606,669 | $42,362 |
| Alfred Ironside | VP for Communications Key employee | 60 | $504,024 | $77,876 |
| Melissa Choi | Director of Lincoln Laboratory Key employee | 60 | $534,440 | $44,906 |
| Whitney Espich | CEO, MIT Alumni Association Key employee | 60 | $351,240 | $80,057 |
| Rachel J Donahue | Secretary Officer | 60 | $273,940 | $71,419 |
| Sanjay Sarma | Professor (Former VP for Open Learning) Former | 40 | $117,169 | $27,590 |
| Mark P Gorenberg | Chair of the Corporation Trustee or director | 40 | $55,800 | $0 |
| David M Siegel | Executive Committee Member Trustee or director | 5 | $0 | $0 |
| Fariborz Maseeh | Executive Committee Member Trustee or director | 5 | $0 | $0 |
| Janet C Wolfenbarger | Executive Committee Member Trustee or director | 5 | $0 | $0 |
| Leslye Miller Fraser | Executive Committee Member Trustee or director | 5 | $0 | $0 |
| Noubar B Afeyan | Executive Committee Member Trustee or director | 5 | $0 | $0 |
| Orit Gadiesh | Executive Committee Member Trustee or director | 5 | $0 | $0 |
| Patricia R Callahan | Executive Committee Member Trustee or director | 5 | $0 | $0 |
| Paul R Marcus | Executive Committee Member Trustee or director | 5 | $0 | $0 |
| Ray A Rothrock | Executive Committee Member Trustee or director | 5 | $0 | $0 |
| Richard M Locke | Executive Committee Member Trustee or director | 5 | $0 | $0 |
| Russell Erich Caulfield | Executive Committee Member Trustee or director | 5 | $0 | $0 |
| Wesley G Bush | Executive Committee Member Trustee or director | 5 | $0 | $0 |
990 for the year ended June 30, 2024: 31 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Seth Alexander | President of MITIMCo Key employee | 60 | $3,134,866 | $613,448 |
| Steven Marsh | Senior VP, MITIMCo Highest-paid employee | 60 | $3,131,566 | $31,949 |
| L Rafael Reif | Professor (Former President) Highest-paid employee | 60 | $2,267,033 | $389,881 |
| Thomas Wieand | Global Investment Professional, MITIMCo Highest-paid employee | 60 | $1,836,248 | $555,669 |
| Ryan Akkina | Global Investment Professional, MITIMCo Highest-paid employee | 60 | $1,820,913 | $542,813 |
| Navneeth Harikumar | Global Investment Professional, MITIMCo Highest-paid employee | 60 | $1,777,127 | $521,230 |
| Sally Kornbluth | President Trustee or director, Officer | 60 | $1,538,692 | $265,616 |
| Cynthia Barnhart | Provost Key employee | 60 | $987,284 | $18,742 |
| Glen Shor | Executive VP and Treasurer Trustee or director, Officer | 60 | $883,134 | $73,021 |
| Mark DiVincenzo | VP and General Counsel Key employee | 60 | $803,544 | $92,809 |
| Suzanne L Glassburn | VP and Secretary (Outgoing) Officer | 60 | $791,701 | $76,351 |
| Eric Evans | Director of Lincoln Laboratory Key employee | 60 | $795,904 | $48,748 |
| Melissa Nobles | Chancellor Key employee | 60 | $648,547 | $84,014 |
| Julie Lucas | VP for Resource Development Key employee | 60 | $671,889 | $50,107 |
| Ian Waitz | VP for Research (Incoming) Key employee | 60 | $567,939 | $85,582 |
| Maria Zuber | VP for Research (Outgoing) Key employee | 60 | $584,345 | $40,138 |
| W Eric Grimson | Chancellor for Academic Advancement (Former Interim VP for Open Learning) Former | 40 | $556,739 | $40,734 |
| Alfred Ironside | VP for Communications Key employee | 60 | $463,278 | $74,250 |
| Whitney Espich | CEO, MIT Alumni Association Key employee | 60 | $333,374 | $77,086 |
| Rachel J Donahue | Secretary (Incoming) Officer | 60 | $202,284 | $60,699 |
| Diane B Greene | Former Chair of the Corporation Former | 40 | $25,000 | $37 |
| Mark P Gorenberg | Chair of the Corporation Trustee or director | 40 | $8,400 | $0 |
| Alan G Spoon | Executive Committee Member Trustee or director | 5 | $0 | $0 |
| David M Siegel | Executive Committee Member Trustee or director | 5 | $0 | $0 |
| Fariborz Maseeh | Executive Committee Member Trustee or director | 5 | $0 | $0 |
| Leslye Miller Fraser | Executive Committee Member Trustee or director | 5 | $0 | $0 |
| Noubar B Afeyan | Executive Committee Member Trustee or director | 5 | $0 | $0 |
| Orit Gadiesh | Executive Committee Member Trustee or director | 5 | $0 | $0 |
| Paul R Marcus | Executive Committee Member Trustee or director | 5 | $0 | $0 |
| Russell Erich Caulfield | Executive Committee Member Trustee or director | 5 | $0 | $0 |
| Wesley G Bush | Executive Committee Member Trustee or director | 5 | $0 | $0 |
990 for the year ended June 30, 2023: 33 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Seth Alexander | President of MITIMCo Key employee | 60 | $2,635,663 | $457,443 |
| Steven Marsh | Senior VP - MITIMCo Highest-paid employee | 60 | $2,549,994 | $487,994 |
| Thomas Wieand | Global Investment Professional - MITIMCo Highest-paid employee | 60 | $2,023,175 | $432,880 |
| Ryan Akkina | Global Investment Professional - MITIMCo Highest-paid employee | 60 | $1,989,058 | $402,506 |
| Emma Somers-Roy | Global Investment Professional - MITIMCo Highest-paid employee | 60 | $1,835,422 | $404,914 |
| Joel Cohen | Global Investment Professional, MITIMCo Highest-paid employee | 60 | $1,814,699 | $396,738 |
| L Rafael Reif | President (Outgoing) Trustee or director, Officer | 60 | $1,327,571 | $518,239 |
| Glen Shor | Executive VP and Treasurer Trustee or director, Officer | 60 | $795,890 | $68,243 |
| Cynthia Barnhart | Provost Key employee | 60 | $833,157 | $17,635 |
| Mark DiVincenzo | VP and General Counsel Key employee | 60 | $735,580 | $80,556 |
| Eric Evans | Director of Lincoln Laboratory Key employee | 60 | $725,465 | $85,760 |
| Julie Lucas | VP for Resource Development Key employee | 60 | $640,140 | $46,722 |
| Melissa Nobles | Chancellor Key employee | 60 | $584,641 | $71,999 |
| Sanjay Sarma | Professor (Former VP for Open Learning) Former | 60 | $515,061 | $130,292 |
| Maria Zuber | VP for Research Key employee | 60 | $548,182 | $37,703 |
| W Eric Grimson | Interim VP for Open Learning Key employee | 60 | $509,044 | $38,364 |
| Suzanne L Glassburn | Vice President and Secretary Officer | 60 | $431,767 | $80,866 |
| Alfred Ironside | VP for Communications Key employee | 60 | $442,401 | $68,559 |
| Martin Schmidt | Former Provost Former | 60 | $367,380 | $76,211 |
| Diane B Greene | Chair of the Corporation Trustee or director | 60 | $51,500 | $2,537 |
| Sally Kornbluth | President (Incoming) Trustee or director, Officer | 60 | $0 | $0 |
| Alan G Spoon | Executive Committee Member Trustee or director | 5 | $0 | $0 |
| Ashton B Carter | Executive Committee Member Trustee or director | 5 | $0 | $0 |
| David M Siegel | Executive Committee Member Trustee or director | 5 | $0 | $0 |
| Denis A Bovin | Executive Committee Member Trustee or director | 5 | $0 | $0 |
| Fariborz Maseeh | Executive Committee Member Trustee or director | 5 | $0 | $0 |
| Indra Nooyi | Executive Committee Member Trustee or director | 5 | $0 | $0 |
| Leslye Miller Fraser | Executive Committee Member Trustee or director | 5 | $0 | $0 |
| Mark P Gorenberg | Executive Committee Member Trustee or director | 5 | $0 | $0 |
| Noubar B Afeyan | Executive Committee Member Trustee or director | 5 | $0 | $0 |
| Orit Gadiesh | Executive Committee Member Trustee or director | 5 | $0 | $0 |
| Russell Erich Caulfield | Executive Committee Member Trustee or director | 5 | $0 | $0 |
| Wesley G Bush | Executive Committee Member Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 77 MASSACHUSETTS AVE NE49-4097, CAMBRIDGE, MA 02139-4301
- In care of
- % BASIL A STEWART
- Mailing address (990-N for 2015)
- 84 Massachusetts Avenue W20-549, Cambridge MA 02139
- Principal officer (990 for 2024)
- SALLY KORNBLUTH, 77 MASSACHUSETTS AVENUE, Cambridge, MA 02139
- Principal officer (990-N for 2015)
- David John Perreault, 77 Massachusetts Avenue 10-039, Cambridge MA 02139
- Signed the 990
- GLEN SHOR, EXECUTIVE VP AND TREASURER
- Phone
- (617) 324-8969
- Website
- http://web.mit.edu
Mission
THE MISSION OF 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.
Program accomplishments
- 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.Expenses $2,017,225,000 · revenue $2,056,198,000
- INSTRUCTION, UNSPONSORED RESEARCH, AND OTHER: MIT IS COMMITTED TO PROVIDING A WORLD-CLASS EDUCATION TO OUR APPROXIMATELY 4,500 UNDERGRADUATES AND APPROXIMATELY 7,400 GRADUATE STUDENTS. AN MIT EDUCATION COMBINES ANALYTICAL RIGOR WITH HANDS-ON LEARNING, IMAGINATION, AND AN APPETITE FOR SOLVING THE HARDEST PROBLEMS IN SERVICE TO SOCIETY. RESEARCH FLOURISHES IN DEPARTMENTS ACROSS MIT'S FIVE SCHOOLS AND ONE COLLEGE (SCIENCE; ENGINEERING; HUMANITIES, ARTS & SOCIAL SCIENCES; ARCHITECTURE & PLANNING; MANAGEMENT; AND COMPUTING), AS WELL AS IN CENTERS, LABS, AND PROGRAMS THAT CONVENE EXPERTS ACROSS DISCIPLINES. OTHER EXPENDITURES (INCLUDING GRANTS) INCURRED, AND REVENUES GENERATED IN CONNECTION WITH MIT'S OTHER PROGRAM SERVICES RELATED TO VARIOUS ACTIVITIES IN FURTHERANCE OF AND IN SUPPORT OF MIT'S EXEMPT MISSION INCLUDED BUT WERE NOT LIMITED TO SUCH THINGS AS FEES AND SERVICES (FOR EXAMPLE, MIT HEALTH, TECHNOLOGY LICENSING OFFICE), AUXILIARY ENTERPRISES (FOR EXAMPLE, HOUSING, DINING), AND OTHER MISCELLANEOUS PROGRAM SERVICE REVENUE.Expenses $1,852,220,000 · grants $124,302,000 · revenue $1,109,014,000
- UNDERGRADUATE SCHOLARSHIPS AND GRADUATE TUITION SUPPORT: 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 2024-2025, APPROXIMATELY 57% OF ALL UNDERGRADUATES RECEIVED SOME TYPE OF NEED-BASED FINANCIAL AID FROM MIT. FINANCIAL AID FOR GRADUATE STUDENTS INCLUDES FELLOWSHIPS, AND TEACHING AND RESEARCH ASSISTANTSHIPS. TUITION SUPPORT ALSO INCLUDES EXTERNAL SUPPORT THAT FLOWS THROUGH MIT, IN THE FORM OF GRANTS.Expenses $582,317,000 · grants $582,317,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2103594
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1926
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B430)
- Assets (IRS master file)
- $45,313,517,000
- Income (IRS master file)
- $15,053,199,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $6,737,799,000 | $5,505,788,000 | $45,313,517,000 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $5,855,286,000 | $5,194,162,000 | $39,938,014,000 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $4,954,533,000 | $4,901,572,000 | $38,587,698,000 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $6,378,650,000 | $4,540,620,000 | $39,839,201,000 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2015 Officer: David John Perreault | June 30, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2103594).
Questions about MASSACHUSETTS INSTITUTE OF TECHNOLOGY
- What is the EIN of MASSACHUSETTS INSTITUTE OF TECHNOLOGY?
- The employer identification number (EIN) of MASSACHUSETTS INSTITUTE OF TECHNOLOGY is 04-2103594.
- Is MASSACHUSETTS INSTITUTE OF TECHNOLOGY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1926.
- Are donations to MASSACHUSETTS INSTITUTE OF TECHNOLOGY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MASSACHUSETTS INSTITUTE OF TECHNOLOGY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MASSACHUSETTS INSTITUTE OF TECHNOLOGY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MASSACHUSETTS INSTITUTE OF TECHNOLOGY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MASSACHUSETTS INSTITUTE OF TECHNOLOGY?
- The 990 for the year ended June 30, 2025 names SALLY KORNBLUTH.
- Who are the officers and directors of MASSACHUSETTS INSTITUTE OF TECHNOLOGY?
- The 990 for the year ended June 30, 2025 lists 34 people; 22 received compensation from the organization, the highest $3,845,075 (Seth Alexander, President of MITIMCo).
- How much revenue does MASSACHUSETTS INSTITUTE OF TECHNOLOGY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $6,737,799,000, expenses of $5,505,788,000 and total assets of $45,313,517,000 at year end.
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