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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Education Massachusetts Institute of Technology

Massachusetts Institute of Technology

Fiscal year ending 2016. Filed on May 12, 2017.

77 Massachusetts Avenue Ne49-3142
Suite 2
Cambridge, Massachusetts 02139

Massachusetts Institute of Technology (EIN: 04-2103594) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2016 IRS Form 990 filing, Massachusetts Institute of Technology, a 501(c)(3) charitable organization, reported compensation for 23 out of 24,689 total employees. Among the employees shown here, the average compensation is $688,295. The highest compensated employee at Massachusetts Institute of Technology is Seth Alexander with fiscal year 2016 compensation of $1,805,827.

Revenue, expenses, and employee compensation

Revenue

$3,961,420,000

Expenses

$3,604,394,000

Employee compensation

$1,514,886,000
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Seth Alexander
President of Mitimco
$1,805,827
$1,753,921 No related comp$51,906
Steven Marsh
Managing Director - Mitimco
$1,407,196
$1,339,186 No related comp$68,010
L Rafael Reif
President
$1,041,017
$917,855 No related comp$123,162
Thomas Wieand
Global Investment Professional - Mitimco
$899,052
$848,673 No related comp$50,379
Ivan Werning
Professor - Economics
$897,080
$868,935 No related comp$28,145
Daron Acemoglu
Professor - Economics
$886,903
$829,737 No related comp$57,166
Steven Eppinger
Professor - Sloan
$846,895
$782,936 No related comp$63,959
Susan Hockfield
President Emerita and Professor
$796,696
$716,489 No related comp$80,207
R Gregory Morgan
Senior Vice President and Secretary of the Corporation
$704,842
$633,479 No related comp$71,363
Martin A Schmidt
Provost
$663,206
$546,540 No related comp$116,666
Israel Ruiz
Executive Vice President and Treasurer
$631,255
$581,064 No related comp$50,191
Julie Lucas
Vice President for Resource Development
$543,562
$517,321 No related comp$26,241

Benchmark Employee Compensation

Non-Employee Board Members

A Neil Pappalardo
Executive Committee Member
Alan G Spoon
Executive Committee Member
Arthur J Samberg
Executive Committee Member
Barrie R Zesiger
Executive Committee Member
Denis A Bovin
Executive Committee Member
Diana Chapman Walsh
Executive Committee Member
Henri A Termeer
Executive Committee Member
James A Champy
Executive Committee Member
John A Thain
Executive Committee Member
Lawrence K Fish
Executive Committee Member
Susan E Whitehead
Executive Committee Member

Contractors

Bond Brothers Inc.
Construction
$59,984,878
John Moriarty & Associates
Construction
$49,272,539
Turner Construction Company
Construction
$48,454,627
Consigli Construction CO Inc.
Construction
$46,663,006
Suffolk Construction Company
Construction
$18,343,059

Mission Statement

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.

Revisions to this organization profile

May 15, 2025:
2024 Massachusetts Institute of Technology 990 filed
May 15, 2024:
2023 Massachusetts Institute of Technology 990 filed
May 12, 2023:
2022 Massachusetts Institute of Technology 990 filed

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Massachusetts Institute of Technology Welfare Benefit Plans Trust
Cambridge, Massachusetts