Overview
What is Massachusetts Institute Of Technology?
The Massachusetts Institute of Technology (MIT) in Cambridge, Massachusetts, is a renowned nonprofit research organization with a mission to expand knowledge and educate students in various fields, primarily in science, technology, and scholarship. Primarily funded by federal grants and contracts, MIT's research initiatives aim to generate groundbreaking advances and innovations to tackle the world's most pressing challenges, such as addressing future energy needs and improving cancer therapies. The institute fosters creative collaborations within interdisciplinary labs and partnerships with leading research institutions and consortia worldwide. MIT's employee base consists of over 25,000 individuals dedicated to this important mission.
Official website here: www.web.mit.edu
Is Massachusetts Institute Of Technology legitimate?
Massachusetts Institute Of Technology is a legitimate nonprofit organization registered as a 501(c)(3) entity. Massachusetts Institute Of Technology submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $11,501,000
Professional Fundraising Fees: $253,000
Other Salaries and Wages: $1,578,644,000
For more financial information, click here
Official website here: www.web.mit.edu
What is the mission statement of Massachusetts Institute Of Technology?
The Massachusetts Institute of Technology (MIT) is dedicated to advancing knowledge and educating students in various scholarly fields, with a focus on making significant contributions to the nation and the world in the 21st century. MIT's research initiatives have led to numerous scientific breakthroughs and technological advances. Primarily funded by federal grants and contracts, MIT's research endeavors aim to develop innovative solutions to the world's most pressing challenges. From addressing energy needs to improving cancer therapies, MIT's research efforts foster interdisciplinary collaborations and partnerships with leading research institutions and consortia around the globe.
Official website here: www.web.mit.edu
What is the revenue of Massachusetts Institute Of Technology?
Massachusetts Institute Of Technology's revenue in 2022 was $6,378,650,000.
Official website here: www.web.mit.edu
Who are the executives of Massachusetts Institute Of Technology and what are their salaries?
The average compensation at Massachusetts Institute Of Technology during 2022 was $61,943. There are 25,671 employees and 18,149 volunteers at Massachusetts Institute Of Technology.
Here are 31 key members and their salaries:
- Steven Marsh (Senior Vp - Mitimco)
- Seth Alexander (President Of Mitimco)
- Thomas Wieand (Global Investment Professional - Mitimco)
- Ryan Akkina (Global Investment Professional - Mitimco)
- Emma Somers-Roy (Global Investment Professional - Mitimco)
- Vincent Tuohey (Global Investment Professional - Mitimco)
- L Rafael Reif (President) [Trustee/Director]
- Martin Schmidt (Provost (Outgoing))
- Glen Shor (Executive Vp And Treasurer) [Trustee/Director]
- Mark Divincenzo (Vp And General Counsel)
- Eric Evans (Director Of Lincoln Laboratory)
- Julie Lucas (Vp For Resource Development)
- Sanjay Sarma (Vp For Open Learning)
- Cynthia Barnhart (Provost (Incoming))
- Maria Zuber (Vp For Research)
- Melissa Nobles (Chancellor)
- Alfred Ironside (Vp For Communications)
- Suzanne L Glassburn (Vice President And Secretary)
- Diane B Greene (Chair Of The Corporation) [Trustee/Director]
- Israel Ruiz (Former Executive Committee Member)
- Alan G Spoon (Executive Committee Member) [Trustee/Director]
- Alan M Leventhal (Executive Committee Member) [Trustee/Director]
- Ashton B Carter (Executive Committee Member) [Trustee/Director]
- David M Siegel (Executive Committee Member) [Trustee/Director]
- Denis A Bovin (Executive Committee Member) [Trustee/Director]
- Indra Nooyi (Executive Committee Member) [Trustee/Director]
- Mark P Gorenberg (Executive Committee Member) [Trustee/Director]
- Nancy C Andrews (Executive Committee Member) [Trustee/Director]
- Orit Gadiesh (Executive Committee Member) [Trustee/Director]
- Russell Erich Caulfield (Executive Committee Member) [Trustee/Director]
- Wesley G Bush (Executive Committee Member) [Trustee/Director]
Official website here: www.web.mit.edu
Where can I find the form 990 for Massachusetts Institute Of Technology?
The Massachusetts Institute Of Technology’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.web.mit.edu
Learn more at the official website: www.web.mit.edu
Mission Statement of Massachusetts Institute Of Technology
Massachusetts Institute of Technology (MIT), with a mission to advance knowledge and educate students in science, technology, and various scholarly fields, is dedicated to serving the nation and the world in the 21st century. MIT's campus in Cambridge, MA, has fostered groundbreaking scientific discoveries and technological advancements, primarily funded by federal grants and contracts.
Research at MIT aims to develop innovative solutions to the world's most pressing challenges. From addressing the energy needs of tomorrow to enhancing cancer therapies, MIT's research initiatives strive to make a significant impact. Through creative collaborations in interdisciplinary labs and partnerships with leading research institutions and consortia worldwide, MIT's research efforts are further enriched.
In pursuit of its mission, MIT is known for its role in driving scientific breakthroughs and technological innovations. Its research focuses on developing pioneering solutions to complex issues, making it a global leader in groundbreaking discoveries and advancements. By fostering a culture of creativity and collaboration, MIT continues to pave the way for a better future.
Impact
This information is meant to be a general summary of Massachusetts Institute Of Technology. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Massachusetts Institute of Technology (MIT) is a powerhouse of innovation and education in the fields of science, technology, and scholarship. MIT's impact extends far beyond its campus in Cambridge, MA, as it constantly pushes the boundaries of knowledge and fosters groundbreaking research that addresses some of the world's most challenging issues.
Through sponsored research primarily funded by federal grants and contracts, MIT is at the forefront of developing innovative solutions for the future. From tackling energy needs and improving cancer therapies to exploring cutting-edge technologies, MIT's research efforts have led to numerous scientific breakthroughs and technological advances that benefit society at large.
Moreover, MIT's commitment to education ensures that its students are equipped with the knowledge and skills to make a positive impact in the world. By fostering interdisciplinary collaboration and partnerships with leading research institutes globally, MIT's influence reaches far and wide, shaping the landscape of science and technology in the 21st century.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPONSORED SUPPORT
Revenue
$1,430,805,000
TUITION
Revenue
$832,824,000
AUXILIARY ENTERPRISES
Revenue
$142,133,000
OTHER REVENUE
Revenue
$179,359,000
Organization Details
Founding Year
1861
Phone
(617) 253-2734
Main Address
77 MASSACHUSETTS AVENUE NE49-3142, Cambridge, MA, 021394307
Website
www.web.mit.edu
NTEE Category
Code: B43 - Education
If you are a representative of Massachusetts Institute Of Technology and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.