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TO HOLD REAL ESTATE AND ANY OTHER FORM OF PROPERTY FOR THE BENEFIT OF MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT), OF CAMBRIDGE, MASSACHUSETTS, AND OTHERWISE TO AID, ASSIST AND ENABLE MIT TO CARRY OUT ITS EDUCATIONAL AND CHARITABLE PURPOSES, ALL WITHIN THE LIMITATIONS OF SECTION 501(C)(3) AND 509(A)(3) OF THE IRS.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$4.3M
Program Spending
100%
of total expenses go to program services
Total Contributions
$3.7M
Total Expenses
▼$2.4M
Total Assets
$4.8M
Total Liabilities
▼$3,000
Net Assets
$4.8M
Officer Compensation
→N/A
Other Salaries
N/A
Investment Income
$550K
Fundraising
▼N/A
Tax Year 2023 · Source: IRS Form 990, Schedule I (Grants and Other Assistance)
Total grants awarded: $2.4M
| Recipient | Location | Amount | Type | Purpose |
|---|---|---|---|---|
MASSACHUSETTS INSTITUTE OF TECHNOLOGY | CAMBRIDGE, MA | $2.4M | Cash | PROCEEDS FROM SALE OF CONTRIBUTIONS |
| Total | $2.4M | |||
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
CAMBRIDGE, MA
$2.4M
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2023 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: SOUNK
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $4.3M | $3.7M | $2.4M | $4.8M | $4.8M |
| 2022IRS e-File | -$1.6M | $0 | $4.4M | $2.8M | $2.8M |
| 2021 | -$155K | $525K | $1.6M | $3.2M | $3.2M |
| 2020 | $3.3M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2023)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Seth Alexander | President, Treasurer, And Clerk | 1 | $0 | $3.1M | $613.4K | $3.7M |
| Patrick Rowe | Assistant Treasurer And Assistant Clerk | 1 | $0 | $1.2M | $295.2K | $1.5M |
Seth Alexander
President, Treasurer, And Clerk
$3.7M
Hrs/Wk
1
Compensation
$0
Related Orgs
$3.1M
Other
$613.4K
Patrick Rowe
Assistant Treasurer And Assistant Clerk
$1.5M
Hrs/Wk
1
Compensation
$0
Related Orgs
$1.2M
Other
$295.2K
Individuals who previously served as officers or key employees.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Steven Marsh | Former Assistant Treasurer And Assistant Clerk | 1 | $0 | $3.1M | $31.9K | $3.2M |
Steven Marsh
Former Assistant Treasurer And Assistant Clerk
$3.2M
Hrs/Wk
1
Compensation
$0
Related Orgs
$3.1M
Other
$31.9K
| $3.3M |
| $40K |
| $4.5M |
| $4.5M |
| 2019 | $8,000 | $8,000 | $8,000 | $1M | $1M |
| 2018 | $1.2M | $324K | $3.9M | $1M | $1M |
| 2017 | $4,000 | $4,000 | $4,000 | $4.1M | $4.1M |
| 2016 | $1.3M | $1.5M | $1.3M | $4.1M | $4.1M |
| 2015 | $3,000 | $3,000 | $3,000 | $4.2M | $4.2M |
| 2014 | -$19K | $97K | $3M | $4.2M | $4.2M |
| 2013 | $6.2M | $6.3M | $561K | $7.2M | $7.2M |
| 2012 | -$2.3M | $11K | $2.3M | $1.6M | $1.6M |
| 2011 | $29K | $29K | $43K | $6.3M | $6.3M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data | PDF not yet published by IRS |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |