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THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES.
Source: IRS Form 990 (Tax Year 2023)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2022
Total Revenue
▼$23.3M
Program Spending
100%
of total expenses go to program services
Total Contributions
$22.2M
Total Expenses
▼$8.4M
Total Assets
$18.7M
Total Liabilities
▼$2M
Net Assets
$16.7M
Officer Compensation
→N/A
Other Salaries
$1.1M
Investment Income
$16K
Fundraising
▼N/A
Tax Year 2022 · Source: IRS Form 990, Schedule I (Grants and Other Assistance)
Total grants awarded: $6.2M
| Recipient | Location | Amount | Type | Purpose |
|---|---|---|---|---|
MASSACHUSETTS INSTITUTE OF TECHNOLOGY | CAMBRIDGE, MA | $6.2M | Cash | FUNDRAISING TRANSFERS |
| Total | $6.2M | |||
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
CAMBRIDGE, MA
$6.2M
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 2022 · 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: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023 | $23.3M | $22.2M | $8.4M | $18.7M | $16.7M |
| 2022IRS e-File | $23.3M | $22.2M | $8.4M | $18.7M | $16.7M |
| 2021 | $6.4M | $5.9M | $8.8M | $42.9M | $42.6M |
| 2020 | $17.4M | $17.3M | $5.7M |
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 2022)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2022)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Katherine Hammer | Treasurer | 1 | $0 | $434.6K | $34.1K | $468.6K |
| Richard Lester | President | 2 | $0 | $414.3K | $44.5K | $458.8K |
| Robert Lemp | Vice President (outgoing) | 1 | $0 | $233.5K | $76.2K | $309.7K |
| Matthew Fucci | Clerk | 1 | $0 | $246.1K | $57.2K | $303.3K |
| Magdalene Lee | Vice President (incoming) | 1 | $0 | $19.2K | $3,455 | $22.6K |
Katherine Hammer
Treasurer
$468.6K
Hrs/Wk
1
Compensation
$0
Related Orgs
$434.6K
Other
$34.1K
Richard Lester
President
$458.8K
Hrs/Wk
2
Compensation
$0
Related Orgs
$414.3K
Other
$44.5K
Robert Lemp
Vice President (outgoing)
$309.7K
Hrs/Wk
1
Compensation
$0
Related Orgs
$233.5K
Other
$76.2K
Matthew Fucci
Clerk
$303.3K
Hrs/Wk
1
Compensation
$0
Related Orgs
$246.1K
Other
$57.2K
Magdalene Lee
Vice President (incoming)
$22.6K
Hrs/Wk
1
Compensation
$0
Related Orgs
$19.2K
Other
$3,455
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Nina Vanwormer | Associate Director, Global Investment Legal Services | 40 | $251.5K | $0 | $14.2K | $265.7K |
| Charleston Sin | Executive Director, Mit Hong Kong Innovation Node | 40 | $244.9K | $0 | $13.7K | $258.6K |
| Marina Chan | Senior Director - Mit Hong Kong Innovation Node, Head Of Education |
Nina Vanwormer
Associate Director, Global Investment Legal Services
$265.7K
Hrs/Wk
40
Compensation
$251.5K
Related Orgs
$0
Other
$14.2K
Charleston Sin
Executive Director, Mit Hong Kong Innovation Node
$258.6K
Hrs/Wk
40
Compensation
$244.9K
Related Orgs
$0
Other
$13.7K
Marina Chan
Senior Director - Mit Hong Kong Innovation Node, Head Of Education
$164.6K
Hrs/Wk
40
Compensation
$156.8K
Related Orgs
$0
Other
$7,797
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Cynthia Barnhart | Director | 1 | $0 | $833.2K | $17.6K | $850.8K |
| Glen Shor | Director | 1 | $0 | $795.9K | $68.2K | $864.1K |
| Maria Zuber | Director | 1 | $0 | $548.2K | $37.7K | $585.9K |
Cynthia Barnhart
Director
$850.8K
Hrs/Wk
1
Compensation
$0
Related Orgs
$833.2K
Other
$17.6K
Glen Shor
Director
$864.1K
Hrs/Wk
1
Compensation
$0
Related Orgs
$795.9K
Other
$68.2K
Maria Zuber
Director
$585.9K
Hrs/Wk
1
Compensation
$0
Related Orgs
$548.2K
Other
$37.7K
| $126.2M |
| $124.7M |
| 2019 | $20.9M | $20.7M | $10M | $114.8M | $112.9M |
| 2018 | $24.8M | $24.8M | $14.2M | $102.8M | $102M |
| 2017 | $68.9M | $68.9M | $2.7M | $92.2M | $91.4M |
| 2016 | $25.2M | $25.2M | $0 | $25.2M | $25.2M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 40 |
| $156.8K |
| $0 |
| $7,797 |
| $164.6K |
| Sunnie Lau | Director Of Smart City Research And Industry Collaboration - Mit Hong Kong Innovation Node | 40 | $130.8K | $0 | $7,491 | $138.3K |
Sunnie Lau
Director Of Smart City Research And Industry Collaboration - Mit Hong Kong Innovation Node
$138.3K
Hrs/Wk
40
Compensation
$130.8K
Related Orgs
$0
Other
$7,491
| Mark Divincenzo | Director | 1 | $0 | $735.6K | $80.6K | $816.1K |
Mark Divincenzo
Director
$816.1K
Hrs/Wk
1
Compensation
$0
Related Orgs
$735.6K
Other
$80.6K