IRS Exempt Orgs

IRS Exempt Organization Search

MASSACHUSETTS INSTITUTE OF TECHNOLOGY

Form 990

Employer Identification Number 04-2103594
Tax period 201206
Subsection code 3
Described in 501(c)(3)? N
Schedule B required? Y
Political activities? N
Lobbying activities? N
Subject to proxy tax? N
Donor advised funds? N
Conservation easements? N
Collections of art? N
Credit counseling? N
Term or permanent endowments? N
Land buildings and equipment reported? Y
Investments in other securities reported? Y
Program related investments reported? N
Other assets reported? N
Other liabilities reported? Y
Separate consolidated financial statement N
Separate audited financial statement N
Included in consolidated financial statements? Y
School? N
Foreign office? N
Foreign activities, etc? N
More than $5000 to organizations Part IX, line 3? N
More than $5000 to individuals Part IX, line 3? Y
Professional fundraising? Y
Fundraising activities? N
Gaming? N
Hospital? N
Hospital audited financial statement included? N
Grants to organizations? Y
Grants to individuals? Y
Schedule J required? Y
Tax exempt bonds? Y
Investment income? N
Escrow account? N
On behalf of issuer? N
Excess benefit transaction? N
Prior excess benefit transaction? N
Loan to officer or DQP? Y
Grant to related person? Y
Business relationship with organization? N
Business relationship thru family member? Y
Officer, etc. of entity with business relationship? Y
Deductible non-cash contributions? Y
Deductible contributions of art, etc? Y
Terminated? N
Partial liquidation? N
Disregarded entity? Y
Related entity? Y
Related organization a controlled entity? Y
Any transfers to exempt non-charitable org? Y
Activities conducted thru partnership? N
Schedule O completed? Y
Number forms transmitted with 1096 24274
Number W-2Gs included in 1a 0
Compliance with backup witholding? Y
Number of employees 22085
Employment tax returns filed? Y
Unrelated business income? Y
Form 990-T filed? Y
Foreign financial account? Y
Prohibited tax shelter transaction? N
Taxable party notification? N
Form 8886-T filed? N
Non-deductible contributions? N
Non-deduct. disclosure? N
Quid pro quo contributions? Y
Quid pro quo disclosure? Y
Form 8282 property disposed of? Y
Number of 8282s filed 1
Funds to pay premiums? N
Premiums paid? N
Form 8899 filed? N
Form 1098-C filed? N
Excess business holdings? N
Taxable distributions? N
Distribution to donor? N
Initiation fees amount 0
Gross receipts amount 0
Gross income from members 0
Gross income from other sources 0
Form 990 in lieu of 1041? N
Tax exempt interest in lieu of 1041 0
Qualified health plan in multiple states N
Qualified health plan reserves required 0
Qualified health plan reserves on hand 0
Payments for indoor tanning N
Filed Form 720 for tanning N
Reportable compensation from organization 9851304
Reportable compensation from related orgs 0
Other compensation 1005097
Number individuals greater than $100K 2466
Number of contractors greater than $100K 571
Total contributions 894547000
Program service revenue code 2a 900099
Program service revenue amount 2a 1099586000
Program service revenue code 2b 221000
Program service revenue amount 2b 91023000
Program service revenue code 2c 900099
Program service revenue amount 2c 45437000
Program service revenue code 2d 900099
Program service revenue amount 2d 534335000
Program service revenue code 2e 0
Program service revenue amount 2e 0
Program service revenue amount 2f 0
Program service revenue 1770381000
Investment income 84578000
Tax-exempt bond proceeds 0
Royalties 128368000
Gross rents -- Real estate 68213000
Gross rents -- Personal property 0
Rental expense -- Real estate 20625000
Rental expense -- Personal property 0
Net rent -- Real estate 47588000
Net rent -- Personal property 0
Net rental income 47588000
Gross sales -- Securities 2147483647
Gross sales -- Other assets 0
Sales expense -- Securities 2147483647
Sales expense -- Other assets 0
Net gain from sales -- Securities 321640000
Net gain from sales -- Other assets 0
Sales of assets 321640000
Gross fundraising 0
Fundraising expenses 0
Fundraising income 0
Gross income from gaming 0
Gaming expenses 0
Gaming income 0
Gross sales of inventory 0
Cost of goods sold (inventory) 0
Income from sales of inventory 0
Other revenue code 11a 511120
Other revenue amount 11a 101761000
Other revenue code 11b 900099
Other revenue amount 11b 6572000
Other revenue code 11c 0
Other revenue amount 11c 0
Other revenue amount 11d 0
Other revenue 108333000
Total revenue 2147483647
Grants to governments/orgs in the US 980000
Grants to individuals in the US 455085000
Grants to orgs and individuals outside the US 1751000
Benefits paid to or for members 0
Compensation of current officers, directors, etc 6421000
Compensation of disqualified persons 678000
Other salaries and wages 954644000
Pension plan contributions 29655000
Other employee benefits 138518000
Payroll taxes 65885000
Management fees 36986000
Legal fees 20262000
Accounting fees 788000
Lobbying fees 0
Professional fundraising fees 358000
Investment management feed 18871000
Other fees 51936000
Advertising and promotion 6709000
Office expenses 27296000
Information technology 46304000
Royalties 37514000
Occupancy 23022000
Travel 69336000
Travel/entertainment expenses to public officials 0
Conferences, conventions, meetings 33889000
Interest expense 107689000
Payments to affiliates 1676000
Depreciation, depletion, amortization 123010000
Insurance 55640000
Other expenses 24a 394469000
Other expenses 24b 118892000
Other expenses 24c 102736000
Other expenses 24d 107167000
Other expenses 24e 0
Other expenses 24f 346436000
Total functional expenses 2147483647
Cash -- non-interest bearing -- eoy 224890000
Savings and temporary cash investments -- eoy 1599874000
Pledges and grants receivable -- eoy 546383000
Accounts receivable -- eoy 207676000
Receivables from officers, directors, etc. -- eoy 890000
Receivables from disqualified persons -- eoy 0
Notes and loans receivables -- eoy 49529000
Inventories for sale or use -- eoy 6031000
Prepaid expenses or deferred charges -- eoy 87583000
Land, buildings, & equipment (net) -- eoy 2147483647
Investments in publicly traded securities -- eoy 1141480000
Investments in other securities -- eoy 2147483647
Program-related investments -- eoy 0
Intangible assets -- eoy 0
Other assets -- eoy 0
Total assets -- eoy 2147483647
Accounts payable and accrued expenses -- eoy 460763000
Grants payable -- eoy 0
Deferred revenue -- eoy 83580000
Tax-exempt bond liabilities -- eoy 1473764000
Escrow account liability -- eoy 0
Payables to officers, directors, etc. -- eoy 0
Secured mortgages and notes payable -- eoy 986238000
Unsecured mortgages and notes payable -- eoy 301000
Other liabilities -- eoy 1216527000
Total liabilities -- eoy 2147483647
Unrestricted net assets -- eoy 2147483647
Temporarily restricted net assets -- eoy 2147483647
Permanently restricted net assets -- eoy 2147483647
Retained earnings -- eoy 0
Permanently restricted net assets -- eoy 0
Paid-in or capital surplus -- eoy 0
Total Net Assets -- eoy 2147483647
Total Liabilities + Net Assets -- eoy 2147483647
Reason for non-PF status 2
Number of organizations supported 0
Sum of amounts of support 0
Gifts grants membership fees received (170) 0
Tax revenues levied (170) 0
Services or facilities furnished by gov (170) 0
Public support subtotal (170) 0
Amount support exceeds total (170) 0
Public support (170) 0
Public support from line 4 (170) 0
Gross income from interest etc (170) 0
Net UBI (170) 0
Other income (170) 0
Total support (170) 0
Gross receipts from related activities (170) 0
Gifts grants membership fees received (509) 0
Receipts from admissions merchandise etc (509) 0
Gross receipts from related activities (509) 0
Tax revenues levied (509) 0
Services or facilities furnished by gov (509) 0
Public support subtotal (509) 0
Amounts from disqualified persons (509) 0
Amount support exceeds total (509) 0
Public support subtotal (509) 0
Public support (509) 0
Public support from line 6 (509) 2013
Gross income from interest etc (509) 0
Net UBI (509) 0
Subtotal total support (509) 0
Net income from UBI not in 10b (509) 0
Other income (509) 0
Total support (509) 0
Year 2013
Employer Identification Number (EIN) is a nine digit number assigned by the IRS to identify a particular organization's account.
In Care Of Name is the person (officer, director, etc.) to whose attention any correspondence should be directed.
This is a four-digit internal number assigned to central/parent organizations holding group exemption letters.
Affiliation Code defines the organizational grouping.
Affiliation Code defines the organizational grouping.
Subsection Codes are the codes shown under section 501(c) of the Internal Revenue Code of 1986, which define the category under which an organization may be exempt. A table of subsection and classification codes (which reflects a further breakdown of the Internal Revenue Code subsections) can be found in the section entitled "Table of EO Subsection and Classification Codes" (below). One to four different classification codes may be present.
This is the month and year (YYYYMM) on a ruling or determination letter recognizing the organization's exempt status.
Deductibility Code signifies whether contributions made to an organization are deductible.
The EO Status Code defines the type of exemption held by the organization.
This is the tax period of the latest return filed (YYYYMM).
Asset Codes relate to the book value amount of assets shown on the most recent Form 990 series return filed by the organization. See table below.
Income Codes relate to the amount of income shown on the most recent Form 990 series return filed by the organization.
This indicates the primary return(s) the organization is required to file.
This indicates the primary return(s) the organization is required to file.
This designates the accounting period or fiscal year ending date (Jan - Dec) of the organization (MM).
Asset Amount is an amount from the most recent Form 990 series return filed by the organization. Asset Amount is the Book Value Total Assets End of Year - PART X Balance Sheet Line 16 Col. (B) shown on the Form 990. This field is also from PART II, Line 25, Col. (B) EOY on Form 990EZ and PART II, Line 16, Col. (b) on Form 990PF. This field is dollars only.
Income Amount is a computer generated amount from the most recent Form 990 series return filed by the organization. Income Amount is computer generated using PART I, Total Revenue Line 12 and adding "back in" the expense items, i.e. Line 6b (Rental Expenses) shown on the Form 990 return. On Form 990EZ it is generated using PART I, Line 9 and adding "back in" the expense items, i.e. Line 5b (Cost or Other Basis Expenses). Income Amount for Form 990PF is generated using Part I, Line 10b (Cost of Goods) and adding Part I, Line 12, Col. (A) (Total Revenue Col. A) and Part IV, Line 1, Col. (G) (Cost or Other Basis). This field is dollars only.
Amount from Form 990, Part 1, Line 12, or Part 1, Line 9, of Form 990EZ.