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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 2018. Filed on May 14, 2019.

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 2018 IRS Form 990 filing, Massachusetts Institute of Technology, a 501(c)(3) charitable organization, reported compensation for 22 out of 25,269 total employees. Among the employees shown here, the average compensation is $822,673. The highest compensated employee at Massachusetts Institute of Technology is Seth Alexander with fiscal year 2018 compensation of $2,185,656.

Revenue, expenses, and employee compensation

Revenue

$4,443,525,000

Expenses

$3,855,696,000

Employee compensation

$1,746,719,000
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Seth Alexander
President of Mitimco
$2,185,656
$1,873,205 No related comp$312,451
Steven Marsh
Managing Director - Mitimco
$1,870,811
$1,572,847 No related comp$297,964
Thomas Wieand
Global Investment Professional - Mitimco
$1,195,954
$1,013,414 No related comp$182,540
L Rafael Reif
President
$1,187,454
$1,053,166 No related comp$134,288
Robert Gibbons
Professor - Sloan
$1,167,145
$1,096,331 No related comp$70,814
Matthew Fisher
Global Investment Professional - Mitimco
$1,088,908
$919,856 No related comp$169,052
Ivan Werning
Professor - Economics
$959,416
$934,044 No related comp$25,372
Israel Ruiz
Executive Vice President and Treasurer
$799,911
$744,243 No related comp$55,668
Martin Schmidt
Provost
$778,169
$681,998 No related comp$96,171
Susan Hockfield
President Emerita and Professor
$767,375
$725,363 No related comp$42,012
R Gregory Morgan
Senior Vice President and Secretary of the Corporation
$722,413
$650,820 No related comp$71,593
Eric Evans
Director of Lincoln Laboratory
$606,591
$539,321 No related comp$67,270

Benchmark Employee Compensation

Non-Employee Board Members

Denis A Bovin
Executive Committee Member
$3,000
$3,000 No related compNo other comp
Ursula M Burns
Executive Committee Member
No compensation reported
Diana C Walsh
Executive Committee Member
No compensation reported
Alan G Spoon
Executive Committee Member
No compensation reported
Lawrence K Fish
Executive Committee Member
No compensation reported
Susan E Whitehead
Executive Committee Member
No compensation reported
John A Thain
Executive Committee Member
No compensation reported
Barrie R Zesiger
Executive Committee Member
No compensation reported

Contractors

Turner Construction Company
Construction
$240,592,530
Suffolk Construction Company
Construction
$28,310,618
John Moriarty & Associates
Construction
$28,211,026
Barr & Barr Inc.
Construction
$27,759,433
Bond Brothers Inc.
Construction
$20,142,847

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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