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Posts tagged ‘Martin Schmidt’

26
Sep

Executive Compensation at MIT

Massachusetts Institute of Technology (MIT) is a private teaching and research university with an acceptance rate at about 7% of applicants.  Located in Boston, Massachusetts, MIT has about 12,000 students, of which nearly 5,000 are undergraduates. The annual tuition, room, board, and fees is about $80,000.

There are 10 voting members of the governing body (Executive Committee Members), 7 of whom are independent, although the Form 990 lists 11 members (which appears to be due to timing differences).  8 of the 11 (73%) are male while 3 of the 11 (27%) are female.

In 2020, MIT’s total revenue was $4.8 billion (compared to $5.3 billion in 2019) with most of the income coming from 4 sources: research contracts ($1.4 billion), investment income, gains, and royalties ($1.2 billion), contributions, gifts, and grants ($1 billion) and tuition, fees, and services  ($1.1 billion).  Expenses were $4 billion (not including $200 million in depreciation).  At year-end, MIT had $24 billion in net fund assets. Read more »

13
May

Executive Compensation at MIT

The Massachusetts Institute of Technology (MIT) is a private research university in Boston, Massachusetts that tends to attract the smartest of the smart. With an acceptance rate of 8%, MIT is selective – even at an annual cost (tuition, room and board) of about $70,000 annually, which equates to nearly $300,000 for an undergraduate degree.

The most recent IRS Form 990 (2015 for the year ending June 30, 2016) reports the school received $4 billion in revenue which primarily came from three sources:

  • $2.1 billion:  Program Services including tuition and fees, research contracts, auxiliary fees
  • $1.0 billion:  Contributions including $400 million from the government
  • $0.9 billion (or $900 million):  Gains on the sale of assets, investment income, royalties, and rents

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