WPI transforms lives, turns knowledge into action to confront global challenges, and revolutionizes stem through distinctive and inclusive education, projects and research. (http://www.WPI.edu/about/mission.html)

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$6.9M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $8.7M a year · 2% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$6.9M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $518.3M in investments, Pt X · Ln 11–13
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $222K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$512.6M
44% of total assets
Looks good: liabilities are 44% of assets; 50% or less.
Pt X · Ln 26
Independent board members
30
of 32 voting members
Looks good: 30 of 32 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$384.5M
Spent
$390.9M
To programs
80%
Net assets
$651.8M
By yearFY2020–FY2025
Revenue
$384.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$384.5M
FY2021$398.2M
FY2022$444.9M
FY2023$462.7M
FY2024$490.8M
FY2025$529.4M
Expenses
$390.9M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$390.9M
FY2021$398.5M
FY2022$445.5M
FY2023$483.0M
FY2024$505.3M
FY2025$539.3M
Net assets
$651.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$651.8M
FY2021$804.0M
FY2022$765.6M
FY2023$799.3M
FY2024$850.2M
FY2025$901.4M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1934.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $314.5M Management & general 17% · $67.7M Fundraising 2% · $8.8M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

48 people listed on the 990; $6.9M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President
$1,206,233Pt VII · Sec A
VP Acad & Corp Dev(thru 10/19)
$729,114Pt VII · Sec A
SVP Enrol Mgmt (thru 10/19)
$577,847Pt VII · Sec A
Treasurer, Executive VP, CFO
$543,383Pt VII · Sec A
$434,964Pt VII · Sec A
VP University Advancement
$430,777Pt VII · Sec A
Secretary & General Counsel
$428,313Pt VII · Sec A
Chemistry Professor
$361,437Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Laurie Leshin——$1,146,542$1,905,265$990,672$1,206,233
Jinliu Wang$995,961$807,682————
Jeffrey Solomon——$276,084$738,198$493,020$543,383
Stephen Flavin————$207,747$729,114
Winston Soboyejo—$540,190$726,939$564,121$443,922$434,964
David Bunis$552,517$574,842$571,132$608,493$449,315$428,313
Michael Horan$589,073$577,082$476,179$194,712——
Kristin Tichenor————$247,272$577,847

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides higher education and conducts applied science and engineering research to develop technological innovations that benefit society.

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Provided by the organization

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3 programs · $314.5M · in their own filed words · FY2019
01

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 2,000 students.

$274.1Mprogram expense
02

At the university, 216 faculty and post doc researchers, and 412 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…

$33.2Mprogram expense
03

The university's corporate and professional education division provides tailor-made programs to approximately 400 students, mainly at corporate student sites, using industry experts and dedicated program support staff.

$7.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 8 funders →
Grants paid · 251 grants · $785.0M · 2019–2024
Unitemized GrantFY2024$155,149,656
Unitemized GrantFY2023$144,171,767
Assistments Foundation INCMA · FY2023$1,107,292
City of WorcesterFY2023$795,713
WestedCA · FY2023$613,927
NC A&t State UniversityFY2023$408,750
University of IllinoisFY2023$313,431
University of MinnesotaFY2023$309,254
West Virginia UniversityWV · FY2023$295,310
Drexel UniversityPA · FY2023$291,080
Gdb InternationalFY2023$281,267
Lesley UniversityMA · FY2023$241,053
Institute of Gas TechnologyIL · FY2023$224,641
Univ of Massachusetts Medical SchoolFY2023$189,919
Trustees of Purdue UniversityIN · FY2023$175,452
University of MarylandFY2023$163,552
University of FloridaFL · FY2023$159,152
See all 251 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$384.5M
Ln 12
Fees for servicesLn 2g$349.8M
Gifts and grantsLn 1h$33.1M
Investment incomeLn 3$1.5M
Money outPt IX
$390.9M
Ln 25
Programscol B$314.5M
Managementcol C$67.7M
Fundraisingcol D$8.8M
Owns and owesPt X
$651.8M
net assets · Ln 32
Cash and savingsLn 1–2$45.8M
Total assetsLn 16$1.2B
LiabilitiesLn 26$512.6M
PeoplePt VI, VII
48
listed · VII A
PaidVII A17
Voting boardVI 1a32
IndependentVI 1b30
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$33.1M
Government grantsLn 1e$1.9M
Noncash giftsLn 1g$2.4M
Fees for servicesLn 2g$349.8M
Investment incomeLn 3$1.5M
Other incomeLn 4–11$105K
Gains on assetsLn 7−$4.4M
Total revenueLn 12$384.5M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$45.8M
Cash and savings togetherLn 1–2$45.8M
InvestmentsLn 11–13$518.3M
Land, buildings, equipmentLn 10c$433.5M
Other assetsLn 15$107.1M
Total assetsLn 16$1.2B
LiabilitiesLn 26$512.6M
Net assetsLn 32$651.8M
OperationsPt I, VI
EmployeesI 54,536
VolunteersI 6522
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$39.6M$45.8M
InvestmentsLn 11–13$551.3M$518.3M
Land, buildings, equipmentLn 10c$370.5M$433.5M
Total assetsLn 16$1.02B$1.16B
LiabilitiesLn 26$352.2M$512.6M
Net assetsLn 32$672.7M$651.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.6M$2.6M
Grants to domestic individualsLn 2$96.5M$96.5M
Grants and assistance to foreign recipientsLn 3$844K$844K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$6.1M$1.5M$3.1M$1.5M
Pay of disqualified personsLn 6$183K$183K
Other salaries and wagesLn 7$136.8M$104.9M$27.7M$4.2M
Pension plan contributionsLn 8$11.1M$8.3M$2.4M$407K
Other employee benefitsLn 9$17.6M$7.5M$9.0M$1.1M
Payroll taxesLn 10$8.2M$6.2M$1.8M$302K
Management feesLn 11a$0
Legal feesLn 11b$1.5M$6K$1.5M
Accounting feesLn 11c$280K$280K
Lobbying feesLn 11d$237K$237K
Professional fundraising feesLn 11e$182K$182K
Investment management feesLn 11f$419K$419K
Other fees for servicesLn 11g$13.4M$11.4M$1.8M$129K
Advertising and promotionLn 12$934K$706K$218K$10K
Office expensesLn 13$3.6M$2.0M$1.4M$202K
Information technologyLn 14$8.2M$1.2M$6.9M$163K
RoyaltiesLn 15$0
OccupancyLn 16$11.2M$10.0M$1.2M$2K
TravelLn 17$6.0M$5.2M$573K$160K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$2.6M$1.8M$658K$69K
InterestLn 20$10.8M$10.5M$292K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$23.7M$21.3M$2.4M
InsuranceLn 23$851K$78K$773K
Other expenses (24a–d)Ln 24$23.2M$19.2M$3.9M$24K
All other expensesLn 24e$4.1M$2.8M$1.2M$74K
Total functional expensesLn 25$390.9M$314.5M$67.7M$8.8M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $529.4M$539.3M−$9.9M$901.4M 990 PDF
FY2024 $490.8M$505.3M−$14.5M$850.2M 990 PDF
FY2023 $462.7M$483.0M−$20.4M$799.3M 990 PDF
FY2022 $444.9M$445.5M−$625K$765.6M 990 PDF
FY2021 $398.2M$398.5M−$362K$804.0M 990 PDF
FY2020 Viewing $384.5M$390.9M−$6.4M$651.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign M · Noncash J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $384,496,935 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $21,267,550$33,087,495
I-9 Program service revenuePrior year $345,757,123$349,848,582
I-10 Investment incomePrior year $6,972,255$1,456,013
I-11 Other revenuePrior year $115,354$104,845
I-12 Total revenuePrior year $374,112,282$384,496,935
I-13 Grants and similar amounts paidPrior year $93,184,868$99,872,101
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $166,726,347$179,829,113
I-16a Professional fundraising feesPrior year $134,677$365,178
I-17 Other expensesPrior year $118,621,960$110,865,892
I-18 Total expensesPrior year $378,667,852$390,932,284
I-19 Revenue less expensesPrior year −$4,555,570−$6,435,349
Part VI · Governance 30 of 32 board members independent, no flags
VI-1a Voting members of the governing body32
VI-1b Independent voting members30
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $384,496,935 across 12 lines filed
Lines not itemized here account for $22,302 of total revenue; see the IRS return.
VIII-1e Government grants$1,875,000
VIII-1f All other contributions, gifts and grants$31,212,495
VIII-1g Noncash contributions (included above)$2,391,150
VIII-1h Total contributions, gifts and grants$33,087,495
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $349,630,949 · Unrelated business $217,633 · Excluded from tax $0$349,848,582
VIII-3 Investment incomeUnrelated business −$420,175 · Excluded from tax $6,285,278$5,865,103
VIII-5 RoyaltiesExcluded from tax $223,551$223,551
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$4,409,090−$4,409,090
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax −$141,008−$141,008
VIII-12 Total revenueRelated to mission $349,630,949 · Unrelated business −$202,542 · Excluded from tax $1,981,033$384,496,935
Part IX · Statement of functional expenses $390,932,284 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $2,569,731$2,569,731
IX-2 Grants to domestic individualsPrograms $96,457,967$96,457,967
IX-3 Grants and assistance to foreign recipientsPrograms $844,403$844,403
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $1,473,741 · Management $3,116,316 · Fundraising $1,528,075$6,118,132
IX-6 Pay of disqualified personsFundraising $183,166$183,166
IX-7 Other salaries and wagesPrograms $104,887,323 · Management $27,703,802 · Fundraising $4,212,477$136,803,602
IX-8 Pension plan contributionsPrograms $8,311,849 · Management $2,358,359 · Fundraising $406,573$11,076,781
IX-9 Other employee benefitsPrograms $7,481,515 · Management $8,982,210 · Fundraising $1,145,749$17,609,474
IX-10 Payroll taxesPrograms $6,169,007 · Management $1,750,361 · Fundraising $301,756$8,221,124
IX-11a Management fees$0
IX-11b Legal feesPrograms $5,944 · Management $1,474,982$1,480,926
IX-11c Accounting feesManagement $279,885$279,885
IX-11d Lobbying feesManagement $236,805$236,805
IX-11e Professional fundraising feesFundraising $182,012$182,012
IX-11f Investment management feesManagement $418,993$418,993
IX-11g Other fees for servicesPrograms $11,400,543 · Management $1,830,230 · Fundraising $129,309$13,360,082
IX-12 Advertising and promotionPrograms $705,829 · Management $217,657 · Fundraising $10,313$933,799
IX-13 Office expensesPrograms $1,971,749 · Management $1,389,173 · Fundraising $202,086$3,563,008
IX-14 Information technologyPrograms $1,183,433 · Management $6,864,715 · Fundraising $163,441$8,211,589
IX-15 Royalties$0
IX-16 OccupancyPrograms $9,998,055 · Management $1,226,287 · Fundraising $1,500$11,225,842
IX-17 TravelPrograms $5,239,076 · Management $572,650 · Fundraising $160,207$5,971,933
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $1,829,291 · Management $657,704 · Fundraising $69,187$2,556,182
IX-20 InterestPrograms $10,534,410 · Management $291,533$10,825,943
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $21,280,362 · Management $2,375,264$23,655,626
IX-23 InsurancePrograms $78,400 · Management $772,616$851,016
IX-24 Other expenses (24a–d)Programs $19,212,766 · Management $3,949,002 · Fundraising $24,481$23,186,250
IX-24e All other expensesPrograms $2,843,079 · Management $1,190,444 · Fundraising $74,490$4,108,013
IX-25 Total functional expensesPrograms $314,478,473 · Management $67,658,988 · Fundraising $8,794,822$390,932,284
Part X · Balance sheet $1,164,375,963 assets, 24 lines filed
Asset lines not itemized here account for $15,716,862; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $39,645,946$45,846,725
X-3 Pledges and grants receivableStart of year $18,507,761$31,535,514
X-4 Accounts receivableStart of year $2,876,618$4,721,228
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $7,493,647$7,713,471
X-10c Land, buildings and equipment, netStart of year $370,537,971$433,529,075
X-11 Publicly traded securitiesStart of year $255,706,101$246,915,718
X-12 Other securitiesStart of year $295,575,433$271,343,887
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $17,438,999$107,053,483
X-16 Total assetsStart of year $1,024,893,080$1,164,375,963
X-17 Accounts payable and accrued expensesStart of year $32,632,838$39,139,857
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $10,117,001$14,742,957
X-20 Tax-exempt bond liabilitiesStart of year $211,930,727$342,787,988
X-24 Unsecured notes and loans payableStart of year $61,631,410$61,283,880
X-25 Other liabilitiesStart of year $31,272,646$49,785,850
X-26 Total liabilitiesStart of year $352,172,452$512,554,819
X-27 Net assets without donor restrictionsStart of year $322,876,905$299,832,959
X-28 Net assets with donor restrictionsStart of year $349,843,723$351,988,185
X-32 Total net assets or fund balancesStart of year $672,720,628$651,821,144
X-33 Total liabilities and net assetsStart of year $1,024,893,080$1,164,375,963
Part XI · Reconciliation of net assets $651,821,144 net assets at year end
XI-1 Total revenue$384,496,935
XI-2 Total expenses$390,932,284
XI-3 Revenue less expenses−$6,435,349
XI-4 Net assets at start of year$672,720,628
XI-5 Net unrealized gains (losses) on investments−$9,701,429
XI-9 Other changes in net assets−$4,762,706
XI-10 Net assets at end of year$651,821,144

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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