Overview
What is Wentworth Institute Of Technology Inc?
Wentworth Institute of Technology Inc, a Boston, Massachusetts-based university, is a renowned private, coeducational, and residential institution founded in 1904. Accredited by various accrediting bodies, it serves a diverse student population of approximately 4,200, primarily from the Northeast and other regions of the US and 70 foreign countries. The university is committed to empowering, inspiring, and innovating through experiential learning, focusing on students' career success. With a total workforce of 2199 employees, Wentworth Institute of Technology provides academic services and resources to its students, predominantly from the Northeast and beyond.
Official website here: www.wit.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
Wentworth Institute Of Technology Inc has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The rating is based entirely on the organization's accountability and finance score, which stands at 96%. This indicates a high level of transparency and sound financial management practices.
The nonprofit demonstrates a robust governance structure, with 95% of its board members being independent, ensuring that decision-making processes are free from conflicts of interest. The organization also excels in financial oversight, with an audit and oversight committee that maintains rigorous standards. Additionally, it has no reported material diversion of assets, reinforcing its integrity in handling funds.
While the organization excels in its financial metrics, it is essential for potential supporters to consider its overall mission and programs. The program expense ratio of 86.85% suggests that a significant portion of its budget is directed towards its programs, which is a positive sign for donors seeking impactful contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Wentworth Institute Of Technology Inc legitimate?
Wentworth Institute Of Technology Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wentworth Institute Of Technology Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $4,010,832
Professional Fundraising Fees: $0
Other Salaries and Wages: $54,169,240
For more financial information, click here
Official website here: www.wit.edu
What is the mission statement of Wentworth Institute Of Technology Inc?
Wentworth Institute of Technology is a private, coeducational university with a mission to empower, inspire, and innovate through experiential learning. Its core purpose is focused on ensuring students' career success. The institution is nationally recognized and accredited, providing academic services to a diverse student population of around 4,200, predominantly from the United States and foreign countries. The university's mission is geared towards creating an educational environment that enables students to develop the skills and knowledge required for their future careers.
Official website here: www.wit.edu
Who is the CEO of Wentworth Institute Of Technology Inc?
Mark A Thompson is the President of Wentworth Institute Of Technology Inc.
Official website here: www.wit.edu
What is the revenue of Wentworth Institute Of Technology Inc?
Wentworth Institute Of Technology Inc's revenue in 2022 was $193,916,069.
Official website here: www.wit.edu
Who are the executives of Wentworth Institute Of Technology Inc and what are their salaries?
The average compensation at Wentworth Institute Of Technology Inc during 2022 was $26,458. There are 2199 employees and 150 volunteers at Wentworth Institute Of Technology Inc.
Here are 44 key members and their salaries:
- Compensation: $724,930
- Related: $0
- Other: $59,672
- Compensation: $306,423
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- Other: $42,570
- Compensation: $270,945
- Related: $0
- Other: $49,627
- Compensation: $270,448
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- Other: $17,116
- Compensation: $181,225
- Related: $0
- Other: $92,858
- Compensation: $212,884
- Related: $0
- Other: $50,877
- Compensation: $237,121
- Related: $0
- Other: $26,567
- Compensation: $216,994
- Related: $0
- Other: $40,464
- Compensation: $225,157
- Related: $0
- Other: $24,681
- Compensation: $206,694
- Related: $0
- Other: $39,366
- Compensation: $182,799
- Related: $0
- Other: $53,252
- Compensation: $193,285
- Related: $0
- Other: $40,089
- Compensation: $196,849
- Related: $0
- Other: $31,514
- Compensation: $171,304
- Related: $0
- Other: $22,404
- Compensation: $178,767
- Related: $0
- Other: $11,246
- Compensation: $168,420
- Related: $0
- Other: $20,176
- Compensation: $176,036
- Related: $0
- Other: $7,395
- Compensation: $101,214
- Related: $0
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- Compensation: $74,375
- Related: $0
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Official website here: www.wit.edu
Where can I find the form 990 for Wentworth Institute Of Technology Inc?
Wentworth Institute Of Technology Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wit.edu
Learn more at the official website: www.wit.edu
Mission Statement of Wentworth Institute Of Technology Inc
Wentworth Institute of Technology, a renowned private coeducational university, is dedicated to empowering, inspiring, and innovating students through experiential learning with a core focus on career success. Established in 1904, this institution of higher education has earned national recognition and is accredited by various esteemed accrediting bodies.
The university provides academic and residential services to a diverse student body of around 4,200 individuals, predominantly from the Northeast region of the United States and other states and foreign countries. Wentworth Institute of Technology's mission extends beyond imparting knowledge; it aims to motivate and stimulate students to grow both professionally and personally. By fostering a culture of experiential learning, the university prepares its graduates for successful careers in their chosen fields.
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Impact
October, 2024
Wentworth Institute of Technology plays a significant role in shaping the educational landscape and workforce readiness in the regions it serves. With a mission focused on experiential learning, the university empowers students to develop practical skills and knowledge that directly translate to career success. Located in Boston, Massachusetts, Wentworth attracts a diverse student body of around 4,200 individuals from various U.S. states and over 70 countries, fostering a rich cultural exchange and broadening perspectives.
The institute is dedicated to innovation and inspiration, providing academic programs that are designed to meet the evolving demands of the job market. Through hands-on learning experiences, internships, and partnerships with industry leaders, Wentworth graduates are well-prepared to enter the workforce and contribute effectively to their chosen fields.
Additionally, Wentworth’s strong emphasis on career readiness not only benefits its students but also supports local and national economies by supplying a skilled workforce equipped to tackle contemporary challenges. The university's commitment to higher education and community engagement enhances its positive impact on individuals and the broader society, positioning Wentworth as a pivotal institution in the field of education.
This information is meant to be a general summary of Wentworth Institute Of Technology Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $7,174,112
- Program Service Revenue: $175,123,722
- Gross Receipts: $218,049,621
Assets and Liabilities:
- Total Assets: $436,166,327
- Total Liabilities: $172,087,053
- Net Assets: $264,079,274
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition and fees
Revenue
$141,926,453
Room and board related
Revenue
$33,197,269
Organization Details
Founding Year
1904
Phone
(617) 989-4325Principal Officer
Mark A Thompson
Main Address
550 Huntington Avenue, Boston, MA, 021155998
Website
www.wit.eduNTEE Category
Code: B430 - Education
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