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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 2019. Filed on July 14, 2020.

77 Massachusetts Avenue Ne49-3142
Suite 300
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 2019 IRS Form 990 filing, Massachusetts Institute of Technology, a 501(c)(3) charitable organization, reported compensation for 22 out of 25,941 total employees. Among the employees shown here, the average compensation is $930,344. The highest compensated employee at Massachusetts Institute of Technology is Seth Alexander with fiscal year 2019 compensation of $2,461,846.

Revenue, expenses, and employee compensation

Revenue

$5,308,609,000

Expenses

$4,075,066,000

Employee compensation

$1,794,225,000
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Seth Alexander
President of Mitimco
$2,461,846
$2,091,833 No related comp$370,013
Steven Marsh
Senior Vice President - Mitimco
$2,206,122
$1,829,305 No related comp$376,817
Thomas Wieand
Global Investment Professional - Mitimco
$1,596,168
$1,315,287 No related comp$280,881
Ryan Akkina
Global Investment Professional - Mitimco
$1,550,443
$1,256,661 No related comp$293,782
Matthew Fisher
Global Investment Professional - Mitimco
$1,548,344
$1,269,094 No related comp$279,250
Joel Cohen
Global Investment Professional - Mitimco
$1,432,587
$1,164,084 No related comp$268,503
L Rafael Reif
President
$1,262,182
$1,123,159 No related comp$139,023
R Gregory Morgan
Senior Vice President and Secretary (Outgoing)
$836,790
$758,257 No related comp$78,533
Israel Ruiz
Executive Vice President and Treasurer
$826,911
$770,726 No related comp$56,185
Martin Schmidt
Provost
$780,440
$705,016 No related comp$75,424
Sanjay Sarma
Vice President for Open Learning
$665,612
$601,085 No related comp$64,527
Eric Evans
Director of Lincoln Laboratory
$630,879
$560,072 No related comp$70,807

Benchmark Employee Compensation

Non-Employee Board Members

Alan G Spoon
Executive Committee Member
Barrie R Zesiger
Executive Committee Member
Denis A Bovin
Executive Committee Member
Diana C Walsh
Executive Committee Member
John A Thain
Executive Committee Member
Mark P Gorenberg
Executive Committee Member
Susan E Whitehead
Executive Committee Member
Ursula M Burns
Executive Committee Member

Contractors

Turner Construction Company
Construction
$156,848,976
Bond Brothers Inc.
Construction
$43,497,234
Suffolk Construction Company Inc.
Construction
$38,423,528
Walsh Brothers Incorporated
Construction
$16,988,936
John Moriarty & Associates
Construction
$13,235,415

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