Worcester Polytechnic Institute FY2021 filing
Provides higher education and conducts applied science and engineering research to develop technological innovations that benefit society. For fiscal year 2021 it reported $398.2M in revenue, $398.5M in expenses, and $804.0M in net assets.Pt I
- Founded
- 1865
- Type
- Higher education institution · Nonprofit
- Location
- Worcester, MA
- Website
- www.wpi.edu
- Filings
- 5 on file (2020–2021)
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Laurie Leshin | — | — | $1,146,542 | $1,905,265 | $990,672 | — |
| Laurie Leshin | — | — | — | — | — | $1,206,233 |
| Jinliu Wang | $995,961 | $807,682 | — | — | — | — |
| Jeffrey Solomon | — | — | $276,084 | $738,198 | $493,020 | — |
| Stephen Flavin | — | — | — | — | — | $729,114 |
| Winston Soboyejo | — | $540,190 | $726,939 | $564,121 | $443,922 | — |
| David Bunis | $552,517 | $574,842 | $571,132 | $608,493 | $449,315 | — |
| Michael Horan | $589,073 | $577,082 | $476,179 | $194,712 | — | — |
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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Where the work happens
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.
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…
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.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 81% | — | — |
| Overhead ratio | 17% | — | — |
| Fundraising cost ratio | 24% | — | — |
| Revenue growth | 4% | — | — |
| Investment management fee ratio | 0.09% | — | — |
| Legal fee ratio | 0.4% | — | — |
| Accounting fee ratio | 0.07% | — | — |
| Fundraising fee ratio | 0.03% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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