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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 2022. Filed on May 12, 2023.

77 Massachusetts Avenue Ne49-3142
Ne49-3142
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 2022 IRS Form 990 filing, Massachusetts Institute of Technology, a 501(c)(3) charitable organization, reported compensation for 20 out of 25,671 total employees. Among the employees shown here, the average compensation is $1,208,727. The highest compensated employee at Massachusetts Institute of Technology is Steven Marsh with fiscal year 2022 compensation of $3,142,144.

Revenue, expenses, and employee compensation

Revenue

$6,378,650,000

Expenses

$4,540,620,000

Employee compensation

$2,013,657,000
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Steven Marsh
Senior Vice President - Mitimco
$3,142,144
$2,655,745 No related comp$486,399
Seth Alexander
President of Mitimco
$3,108,210
$2,697,163 No related comp$411,047
Thomas Wieand
Global Investment Professional - Mitimco
$2,447,434
$2,016,391 No related comp$431,043
Ryan Akkina
Global Investment Professional - Mitimco
$2,380,375
$1,981,091 No related comp$399,284
Emma Somers-Roy
Global Investment Professional - Mitimco
$2,216,404
$1,783,245 No related comp$433,159
Vincent Tuohey
Global Investment Professional - Mitimco
$2,143,099
$1,745,111 No related comp$397,988
L Rafael Reif
President
$1,626,565
$1,121,063 No related comp$505,502
Martin Schmidt
Provost (Outgoing)
$827,023
$741,078 No related comp$85,945
Glen Shor
Executive Vice President and Treasurer
$755,961
$690,228 No related comp$65,733
Mark Divincenzo
Vice President and General Counsel
$715,021
$637,631 No related comp$77,390
Eric Evans
Director of Lincoln Laboratory
$711,295
$628,222 No related comp$83,073
Julie Lucas
Vice President for Resource Development
$642,028
$597,204 No related comp$44,824

Benchmark Employee Compensation

Non-Employee Board Members

Alan G Spoon
Executive Committee Member
Alan M Leventhal
Executive Committee Member
Ashton B Carter
Executive Committee Member
David M Siegel
Executive Committee Member
Denis A Bovin
Executive Committee Member
Indra Nooyi
Executive Committee Member
Mark P Gorenberg
Executive Committee Member
Nancy C Andrews
Executive Committee Member
Orit Gadiesh
Executive Committee Member
Russell Erich Caulfield
Executive Committee Member
Wesley G Bush
Executive Committee Member

Contractors

Turner Construction Company
Construction
$282,370,322
Consigli Construction CO
Construction
$108,013,481
John Moriarty & Associates
Construction
$81,320,920
Chanakya Capital Partners
Investment Management
$18,574,797
Bon Appetit Management
Food
$18,485,912

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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