MIT International INC

Tax-deductible

Cambridge, MA501(c)(3)Since 2016EducationEIN 81-2731492Revenue $11.8M in FY2024

On file with the IRS77 Massachusetts Avenue Ne49-4000, 02139-4301 · Cambridge, MATax-exempt since Feb 2017Publicly supported charity — 170(b)(1)(A)(vi)

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The corporation is organized and shall be operated exclusively for charitable, educational, and scientific purposes.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
$191K 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

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $5.5M a year · 44% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$191K
to officers and key staff · 1% of spending
Top officer’s pay lower than 67% of similar orgs
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$223K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11.8M
-8% vs prior year
Spent
$17.7M
To programs
99%
Net assets
$15.6M
By yearFY2020–FY2024
Revenue
$11.8M
FY2024▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2020$17.4M
FY2021$6.4M
FY2022$2.7M
FY2023$23.3M
FY2024$12.8M
FY2024$11.8M
Expenses
$17.7M
FY2024▲ +102%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.7M
FY2021$8.8M
FY2022$3.9M
FY2023$8.4M
FY2024$8.7M
FY2024$17.7M
Net assets
$15.6M
FY2024▼ -24%
Tap a bar for its year
Net assets by fiscal year
FY2020$124.7M
FY2021$42.6M
FY2022$34.5M
FY2023$16.7M
FY2024$20.5M
FY2024$15.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2017.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $17.6M Management & general 1% · $97K

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

11 people listed on the 990; $191K paid to officers and key staff.

Part VII, Section A · reportable compensation
Senior Director - MIT Hong Kong Innovation Node, Head of Education
$190,896Pt VII · Sec A
President (outgoing)
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director (incoming)
$0Pt VII · Sec A
President (incoming)
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Marina Chan’s $191K as Senior Director - MIT Hong Kong Innovation Node, Head of Education is at the 33rd percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Nina Vanwormer—$263,564$251,501———
Charleston Sin—$208,098$244,934$235,115$219,824$247,206
Marina Chan$190,896$165,582$156,819$138,329$122,534$115,750
Sunnie Lau—$134,463$130,768$121,964$116,036—

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.

See MIT International INC executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports charitable, educational, and scientific endeavors through its operations.

Provided by the organization

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1 program · $17.6M · in their own filed words · FY2024
01

Mit international furthers the mission of its sole member, the massachusetts institute of technology (mit), and fulfills mit's objectives and purposes by conducting, supporting, and facilitating global educational and academic activities.

$17.6Mprogram 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
Total grants receivedfrom 1 funder$1K
Grants paid · 6 grants · $44.6M · 2019–2024

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$11.8M
Ln 12
Gifts and grantsLn 1h$10.5M
Fees for servicesLn 2g$1.2M
Other incomeLn 4–11$77K
Money outPt IX
$17.7M
Ln 25
Programscol B$17.6M
Managementcol C$97K
Owns and owesPt X
$15.6M
net assets · Ln 32
Cash and savingsLn 1–2$883K
Total assetsLn 16$15.9M
LiabilitiesLn 26$223K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10.5M
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$6K
Other incomeLn 4–11$77K
Total revenueLn 12$11.8M
Assets in detailPt X, end of year
CashLn 1$785K
SavingsLn 2$98K
Cash and savings togetherLn 1–2$883K
Land, buildings, equipmentLn 10c$360K
Other assetsLn 15$20K
Total assetsLn 16$15.9M
LiabilitiesLn 26$223K
Net assetsLn 32$15.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$521K$883K
Land, buildings, equipmentLn 10c$0$360K
Total assetsLn 16$20.6M$15.9M
LiabilitiesLn 26$95K$223K
Net assetsLn 32$20.5M$15.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$16.4M$16.4M
Other salaries and wagesLn 7$501K$469K$32K
Other employee benefitsLn 9$10K$10K
Accounting feesLn 11c$58K$58K
Other fees for servicesLn 11g$8K$8K$0$0
Office expensesLn 13$270K$270K
OccupancyLn 16$190K$190K
TravelLn 17$51K$51K
Conferences, conventions and meetingsLn 19$44K$44K
Depreciation, depletion and amortizationLn 22$57K$57K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$104K$104K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$17.7M$17.6M$97K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $12.8M$8.7M$4.1M$20.5M 990 PDF
FY2023 $23.3M$8.4M$15.0M$16.7M 990 PDF
FY2022 $2.7M$3.9M−$1.1M$34.5M 990 PDF
FY2021 $6.4M$8.8M−$2.4M$42.6M 990 PDF
FY2020 $17.4M$5.7M$11.8M$124.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $11,769,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,855,000$10,502,000
I-9 Program service revenuePrior year $898,000$1,184,000
I-10 Investment incomePrior year $11,000$6,000
I-11 Other revenuePrior year $86,000$77,000
I-12 Total revenuePrior year $12,850,000$11,769,000
I-13 Grants and similar amounts paidPrior year $7,359,000$16,365,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,022,000$511,000
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $355,000$789,000
I-18 Total expensesPrior year $8,736,000$17,665,000
I-19 Revenue less expensesPrior year $4,114,000−$5,896,000
Part VI · Governance 0 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $11,769,000 across 6 lines filed
Lines not itemized here account for $77,000 of total revenue; see the IRS return.
VIII-1d Related organizations$844,000
VIII-1f All other contributions, gifts and grants$9,658,000
VIII-1h Total contributions, gifts and grants$10,502,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,184,000$1,184,000
VIII-3 Investment incomeExcluded from tax $6,000$6,000
VIII-12 Total revenueRelated to mission $1,261,000 · Unrelated business $0 · Excluded from tax $6,000$11,769,000
Part IX · Statement of functional expenses $17,665,000 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $16,365,000$16,365,000
IX-7 Other salaries and wagesPrograms $469,000 · Management $32,000$501,000
IX-9 Other employee benefitsPrograms $10,000$10,000
IX-11c Accounting feesManagement $58,000$58,000
IX-11g Other fees for servicesPrograms $8,000 · Management $0 · Fundraising $0$8,000
IX-13 Office expensesPrograms $270,000$270,000
IX-16 OccupancyPrograms $190,000$190,000
IX-17 TravelPrograms $51,000$51,000
IX-19 Conferences, conventions and meetingsPrograms $44,000$44,000
IX-22 Depreciation, depletion and amortizationPrograms $57,000$57,000
IX-23 InsuranceManagement $7,000$7,000
IX-24 Other expenses (24a–d)Programs $104,000$104,000
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $17,568,000 · Management $97,000 · Fundraising $0$17,665,000
Part X · Balance sheet $15,865,000 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $334,000$785,000
X-2 Savings and temporary cash investmentsStart of year $187,000$98,000
X-3 Pledges and grants receivableStart of year $20,101,000$14,521,000
X-4 Accounts receivableStart of year $14,000$80,000
X-9 Prepaid expenses and deferred chargesStart of year $0$1,000
X-10c Land, buildings and equipment, netStart of year $0$360,000
X-15 Other assetsStart of year $0$20,000
X-16 Total assetsStart of year $20,636,000$15,865,000
X-17 Accounts payable and accrued expensesStart of year $0$98,000
X-18 Grants payableStart of year $95,000$46,000
X-19 Deferred revenueStart of year $0$36,000
X-25 Other liabilitiesStart of year $0$43,000
X-26 Total liabilitiesStart of year $95,000$223,000
X-27 Net assets without donor restrictionsStart of year $419,000$1,097,000
X-28 Net assets with donor restrictionsStart of year $20,122,000$14,545,000
X-32 Total net assets or fund balancesStart of year $20,541,000$15,642,000
X-33 Total liabilities and net assetsStart of year $20,636,000$15,865,000
Part XI · Reconciliation of net assets $15,642,000 net assets at year end
XI-1 Total revenue$11,769,000
XI-2 Total expenses$17,665,000
XI-3 Revenue less expenses−$5,896,000
XI-4 Net assets at start of year$20,541,000
XI-9 Other changes in net assets$997,000
XI-10 Net assets at end of year$15,642,000

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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