Non-Profit Spending Reports

Massachusetts Institute of Technology

Cambridge, MA · EIN 04-2103594 · Education · Rank 53 by total revenue

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.

Money, Form 990 for tax year 2024

Total revenue
$6,737,799,000
Total expenses
$5,505,788,000
Total assets
$45,313,517,000
Salary base (all salaries and wages)
$2,121,007,000
Salaries, other pay and benefits
$2,665,985,000
Employees
28,041
Salary base per employee
$75,639

"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.

Leadership (25)

NameTitleRole Hours/weekTotal pay
Sally KornbluthPresidentBoard, Officer 60 $2,151,788
Glen ShorExecutive VP and TreasurerBoard, Officer 60 $1,027,167
Rachel J DonahueSecretaryOfficer 60 $345,359
Seth AlexanderPresident of MITIMCoKey employee 60 $4,462,390
Cynthia BarnhartProvostKey employee 60 $1,103,532
Mark DiVincenzoVP and General CounselKey employee 60 $977,844
Melissa NoblesChancellorKey employee 60 $772,733
Julie LucasVP for Resource DevelopmentKey employee 60 $754,021
Ian WaitzVP for ResearchKey employee 60 $733,546
Alfred IronsideVP for CommunicationsKey employee 60 $581,900
Melissa ChoiDirector of Lincoln LaboratoryKey employee 60 $579,346
Whitney EspichCEO, MIT Alumni AssociationKey employee 60 $431,297
Mark P GorenbergChair of the CorporationBoard 40 $55,800
David M SiegelExecutive Committee MemberBoard 5 None reported
Fariborz MaseehExecutive Committee MemberBoard 5 None reported
Janet C WolfenbargerExecutive Committee MemberBoard 5 None reported
Leslye Miller FraserExecutive Committee MemberBoard 5 None reported
Noubar B AfeyanExecutive Committee MemberBoard 5 None reported
Orit GadieshExecutive Committee MemberBoard 5 None reported
Patricia R CallahanExecutive Committee MemberBoard 5 None reported
Paul R MarcusExecutive Committee MemberBoard 5 None reported
Ray A RothrockExecutive Committee MemberBoard 5 None reported
Richard M LockeExecutive Committee MemberBoard 5 None reported
Russell Erich CaulfieldExecutive Committee MemberBoard 5 None reported
Wesley G BushExecutive Committee MemberBoard 5 None reported

Top 10 paid people listed

These 10 people received $23,006,597, which is 1.1% of the $2,121,007,000 salary base shared by 28,041 employees.

NameTitleRole Hours/weekFrom this org From related orgsOther pay Total
Seth AlexanderPresident of MITIMCoKey employee 60 $3,845,075$0 $617,315$4,462,390
Thomas WieandGlobal Investment Professional, MITIMCoHighly paid employee 60 $2,411,804$0 $562,091$2,973,895
Navneeth HarikumarGlobal Investment Professional, MITIMCoHighly paid employee 60 $2,406,464$0 $523,521$2,929,985
Ryan AkkinaGlobal Investment Professional, MITIMCoHighly paid employee 60 $2,372,792$0 $546,539$2,919,331
Joel CohenGlobal Investment Professional, MITIMCoHighly paid employee 60 $2,132,811$0 $478,024$2,610,835
Sally KornbluthPresidentBoard, Officer 60 $1,734,292$0 $417,496$2,151,788
L Rafael ReifProfessor (Former President)Highly paid employee 60 $1,807,611$0 $42,219$1,849,830
Cynthia BarnhartProvostKey employee 60 $1,084,227$0 $19,305$1,103,532
Glen ShorExecutive VP and TreasurerBoard, Officer 60 $950,529$0 $76,638$1,027,167
Mark DiVincenzoVP and General CounselKey employee 60 $879,429$0 $98,415$977,844

Sources