Massachusetts Inst Of Tech Trust
- Assets
- $0.0
- Revenue
- $35.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Paoli, PA
- Founding
- 12/1952
- Data as of
- 12/2020
- EIN
- 23-6297385
Organization Overview
Massachusetts Inst Of Tech Trust is located in Paoli, PA. The organization was established in 1952. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations.
For the year ending 12/2020, Massachusetts Inst Of Tech Trust generated $35.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Verplank Newlin Trustee | 0 | $0 | |
Lucy B Newlin Sellers Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $34,887 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $305 |
| Total Revenue | $35,188 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,410 |
| Total operating and administrative expenses | $23,014 |
| Contributions, gifts, grants paid | $977,230 |
| Total expenses and disbursements | $1,000,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Massachusetts Inst Of Tech Trust has awarded $1,954,460 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Cambridge, MA PURPOSE: FBO RECIPIENT (STATEMENT A: VARIOUS SECURITIES: DISTRIBUTION OF ASSETS IN COMPLETE TERMINATION) | $774,117 |
Cambridge, MA PURPOSE: FBO RECIPIENT (STATEMENT A: VARIOUS SECURITIES: DISTRIBUTION OF ASSETS IN COMPLETE TERMINATION) | $774,117 |
Cambridge, MA PURPOSE: FBO RECIPIENT (STATEMENT A: DISTRIBUTION OF CASH IN COMPLETE TERMINATION) | $182,707 |
Cambridge, MA PURPOSE: FBO RECIPIENT (STATEMENT A: DISTRIBUTION OF CASH IN COMPLETE TERMINATION) | $182,707 |
Cambridge, MA PURPOSE: FBO RECIPIENT | $20,406 |
Cambridge, MA PURPOSE: FBO RECIPIENT | $20,406 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |
University Of Maryland Obstetrical And Gynecological Associates P A Baltimore, MD | $13,649,114 | $19,437,289 |
Kent State University Foundation Kent, OH | $245,939,628 | $27,886,498 |
Unidel Foundation Inc Greenville, DE | $452,249,782 | $36,851,681 |
Hunter College Foundation Inc New York, NY | $144,509,988 | $37,248,838 |
University Of Akron Foundation Akron, OH | $205,506,114 | $14,662,521 |
Educational Foundation Of America Bethesda, MD | $294,733,951 | $32,812,396 |
The American Friends Of Winchester College New York, NY | $259,900 | $15,435,931 |
Friends Of@ascend Charter Schools Inc Brooklyn, NY | $51,013,536 | $16,135,870 |
Rowan University Foundation Inc Glassboro, NJ | $339,808,677 | $39,224,287 |
Equitable Facilities Fund Inc New York, NY | $843,754,758 | $34,535,002 |
School Employees Benefit Trust Cincinnati, OH | $16,584,284 | $19,989,967 |