Worcester Polytechnic Institute

Organization Overview

Worcester Polytechnic Institute is located in Worcester, MA. The organization was established in 1934. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Worcester Polytechnic Institute employed 3,944 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Worcester Polytechnic Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2020, Worcester Polytechnic Institute generated $384.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $390.9m during the year ending 06/2020. While expenses have increased by 3.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Worcester Polytechnic Institute has awarded 252 individual grants totaling $37,786,303. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

WORCESTER POLYTECHNIC INSTITUTE WAS FOUNDED IN 1865 TO CREATE AND CONVEY (CONTINUED ON SCHEDULE O)THE LATEST SCIENCE AND ENGINEERING KNOWLEDGE IN WAYS THAT ARE MOST BENEFICIAL FOR SOCIETY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE UNIVERSITY PROVIDES EDUCATION IN THE FIELDS OF SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS TO APPROXIMATELY 4,900 UNDERGRADUATE AND 2,000 GRADUATE STUDENTS. IN ADDITION, HOUSING AND BOARD AUXILIARY SERVICES ARE PROVIDED FOR APPROXIMATELY 1,900 STUDENTS. DURING FISCAL YEAR 2021, THE UNIVERSITY AWARDED 1,016 BACHELOR, 742 MASTER AND 62 PHD DEGREES. STUDENTS EMERGE FROM THE UNIVERSITY'S UNIQUE EXPERIENCE READY TO TAKE ON SOME OF THE MOST DIFFICULT CHALLENGES IN SCIENCE AND TECHNOLOGY. MORE IMPORTANTLY, THEY UNDERSTAND HOW THEIR WORK CAN TRULY IMPACT SOCIETY AND IMPROVE LIVES.


AT THE UNIVERSITY, 221 FACULTY AND POST DOC RESEARCHERS, AND 546 STUDENTS ARE ENGAGED IN CUTTING-EDGE RESEARCH ACROSS A BROAD RANGE OF DISCIPLINES. THE UNIVERSITY RECEIVES RESEARCH FUNDING FROM A VARIETY OF SOURCES, PRIMARILY FROM GOVERNMENTAL ORGANIZATIONS SUCH AS THE NATIONAL SCIENCE FOUNDATION, DEPARTMENT OF DEFENSE, NATIONAL INSTITUTE OF HEALTH AND OTHER FEDERAL AGENCIES. RESEARCH AT THE UNIVERSITY HAS A DECIDEDLY APPLIED FOCUS, WITH WORK FOCUSED ON PROBLEMS THAT ARE BOTH INTERESTING AND IMPORTANT. THE RESULT IS NEW KNOWLEDGE, NEW INNOVATIONS, AND TECHNOLOGICAL ADVANCES THAT ATTACK SOME OF THE MAJOR CHALLENGES OF OUR TIME.


THE UNIVERSITY'S GRADUATE STUDIES DIVISION PROVIDES TAILOR-MADE PROGRAMS TO APPROXIMATELY 370 STUDENTS, MAINLY AT CORPORATE STUDENT SITES, USING INDUSTRY EXPERTS AND DEDICATED PROGRAM SUPPORT STAFF. THIS PRACTICAL APPROACH ADDS VALUE BY PROVIDING CLIENTS WITH KNOWLEDGE AND SKILLS THAT CAN BE DIRECTLY APPLIED TO THEIR REAL-WORLD JOB CHALLENGES. ADDITIONALLY DURING FISCAL YEAR 2021, APPROXIMATELY 535 INDIVIDUALS PARTICIPATED IN ONE OR MORE PROFESSIONAL WORKSHOPS OR SHORT COURSES.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Consigli Construction Company Inc
Construction
$28,185,511
The Broad Institute
Professional Svcs
$6,734,375
Shawmut Design & Construction
Construction
$6,001,674
Cutler Associates Inc
Construction
$3,560,538
Gensler
Professional Svcs
$2,684,576
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$33,087,495
Investment income $5,865,103
Tax Exempt Bond Proceeds $0
Royalties $223,551
Net Rental Income $0
Net Gain/Loss on Asset Sales -$4,409,090
Net Income from Fundraising Events $0
Net Income from Gaming Activities $22,302
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $384,496,935

Grants Awarded

Over the last fiscal year, Worcester Polytechnic Institute has awarded $6,798,485 in support to 43 organizations.

Grant RecipientAmount

ASSISTMENTS FOUNDATION

Org PageRecipient Profile

Auburn, MA

PURPOSE: RESEARCH

$1,537,361

UNIVERSITY OF MASSACHUSETTS AMHERST

Org PageRecipient Profile

Shrewsbury, MA

PURPOSE: RESEARCH

$772,570

REGENTS OF UNIV OF CALIF AT IRVINE

Org PageRecipient Profile

Irvine, CA

PURPOSE: RESEARCH

$548,640

BOSTON ENGINEERING CORPORATION

PURPOSE: OTHER

$306,329

WESTED

PURPOSE: RESEARCH

$273,248

LESLEY UNIVERSITY

Org PageRecipient Profile

Cambridge, MA

PURPOSE: RESEARCH

$254,087
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Worcester Polytechnic Institute has recieved totaling $52,175.

Awarding OrganizationAmount
Spirol International Charitable Foundation Inc

Danielson, CT

PURPOSE: PLEDGE KOEHL MERIT SCHOLARSHIP

$40,000
Everett & Doris Bernardo Family Foundation

Elgin, IL

PURPOSE: COLLEGE EDUCATION

$5,000
Emma F Makinson Trust C351

Dallas, TX

PURPOSE: SCHOLARSHIPS

$3,000
Halbert Joseph Tua Scholarships

Dallas, TX

PURPOSE: SCHOLARSHIPS

$3,000
Roberts-Purple Scholarship

Dallas, TX

PURPOSE: SCHOLARSHIP

$1,175
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$484,367,049
Earnings$160,615,648
Net Contributions$10,106,274
Other Expense$14,726,206
Grants$9,447,238
Ending Balance$630,915,527

Peer Organizations

Organization NameAssets
Fordham University
Bronx, NY
$953,892,663
Rochester Institute Of Technology
Rochester, NY
$1,071,324,345
St Johns University New York
Jamaica, NY
$798,473,536
Rensselaer Polytechnic Institute
Troy, NY
$653,047,178
Rockefeller University
New York, NY
$535,346,959
The New School
New York, NY
$558,997,855
Hofstra University
Hempstead, NY
$606,887,297
American University Of Beirut
New York, NY
$608,300,843
Quinnipiac University
Hamden, CT
$531,949,834
Brandeis University
Waltham, MA
$399,602,478
Johnson & Wales University
Providence, RI
$403,272,641
Bar Ilan University In Israel
New York, NY
$462,229,998

Create an account to unlock the data you need.

or