Overview
What is Worcester Polytechnic Institute?
Worcester Polytechnic Institute (WPI) is a renowned educational institution based in Worcester, Massachusetts. Founded in 1865, its mission is to impart the latest science and engineering knowledge in a manner most beneficial for society. With a population of approximately 5,200 undergraduate and 2,000 graduate students, WPI offers education in various fields, including science, technology, engineering, mathematics, management, and humanities. The institute provides housing and board auxiliary services for around 2,400 students. In fiscal year 2022, WPI granted 1,197 bachelor's, 684 master's, and 69 doctoral degrees. The Institute's unique educational approach prepares students to tackle challenging problems in science and technology while recognizing the potential impact on society. Approximately 4,068 employees contribute to creating, discovering, and conveying knowledge at the forefront of academic inquiry to enhance society. (Word count: 112)
Official website here: www.wpi.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Stars)
Worcester Polytechnic Institute (WPI) has received an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in both accountability and financial management as well as impactful programming. With an overall score of 98%, WPI excels in transparency and sound governance, evidenced by its high marks in board independence and financial oversight. The organization demonstrates a commitment to ethical practices, as shown by its comprehensive policies on conflicts of interest and whistleblower protection.
Financially, WPI maintains a healthy ratio of liabilities to assets and allocates a significant portion of its budget to program expenses, ensuring that funds are directed towards its core mission. The institute's impact score is particularly noteworthy, achieving a perfect 100 out of 100. This indicates that WPI not only measures its outcomes effectively but also implements programs that have substantial positive effects.
No significant limitations were noted in the provided data, underscoring WPI's strength as a nonprofit organization dedicated to its educational mission. Its robust practices in governance and impact measurement position it as a leader in the nonprofit sector, making it a trustworthy choice for donors and stakeholders alike.
This AI summary has been generated from information found on Charity Navigator.
Is Worcester Polytechnic Institute legitimate?
Worcester Polytechnic Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Worcester Polytechnic Institute 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: $6,601,421
Professional Fundraising Fees: $166,030
Other Salaries and Wages: $135,252,518
For more financial information, click here
Official website here: www.wpi.edu
What is the mission statement of Worcester Polytechnic Institute?
Worcester Polytechnic Institute was established in 1865 with the goal of disseminating the most recent scientific and engineering knowledge in a socially beneficial manner. The university focuses on educating students in engineering, science, management, and humanities for professional practice, civic engagement, and leadership. This educational process adheres to the founders' original intent of generating, discovering, and conveying knowledge at the cutting edge of academic inquiry, ultimately bettering society. Faculty and students engage in scholarly activities, spanning various educational methods, professional practices, and fundamental research, to create and uncover knowledge. This knowledge is then communicated through scholarly publications and instruction.
Official website here: www.wpi.edu
Who is the CEO of Worcester Polytechnic Institute?
Jinliu Wang is the Principal Officer of Worcester Polytechnic Institute.
Official website here: www.wpi.edu
What is the revenue of Worcester Polytechnic Institute?
Worcester Polytechnic Institute's revenue in 2022 was $444,871,646.
Official website here: www.wpi.edu
Who are the executives of Worcester Polytechnic Institute and what are their salaries?
The average compensation at Worcester Polytechnic Institute during 2022 was $34,871. There are 4068 employees and 371 volunteers at Worcester Polytechnic Institute.
Here are 48 key members and their salaries:
- Compensation: $1,905,265
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- Other: $100,018
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- Compensation: $738,198
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- Other: $43,552
- Compensation: $608,493
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- Other: $29,511
- Compensation: $194,712
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- Other: $46,062
- Compensation: $243,521
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- Other: $28,716
- Compensation: $369,685
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- Other: $49,092
- Compensation: $344,649
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- Compensation: $334,930
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- Other: $58,096
- Compensation: $334,498
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- Other: $50,587
- Compensation: $345,675
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- Other: $36,390
- Compensation: $152,911
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- Other: $21,839
- Compensation: $201,545
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- Other: $27,187
- Compensation: $105,973
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- Other: $12,871
- Compensation: $230,400
- Related: $0
- Other: $0
Official website here: www.wpi.edu
Where can I find the form 990 for Worcester Polytechnic Institute?
Worcester Polytechnic Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wpi.edu
Learn more at the official website: www.wpi.edu
Mission Statement of Worcester Polytechnic Institute
Worcester Polytechnic Institute, or WPI, was founded in 1865 with a mission to be at the forefront of conveying the latest science and engineering knowledge in ways that benefit society. The university is dedicated to educating talented individuals in engineering, science, management, and humanities, preparing them for successful professional practices, civic contributions, and leadership. WPI's educational process is rooted in active lifelong learning, with knowledge creation and discovery taking place through scholarly activities that span educational methodology, professional practice, and basic research. This knowledge is then conveyed through scholarly publication and instruction. WPI faculty and students explore the frontiers of academic inquiry, creating and uncovering new knowledge that ultimately contributes to society's betterment.
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Impact
October, 2024
Worcester Polytechnic Institute (WPI) has a profound impact on society by fostering education and innovation in the fields of science, technology, engineering, and mathematics (STEM). Founded in 1865, WPI is dedicated to creating and conveying advanced knowledge in ways that benefit society.
With approximately 5,200 undergraduate and 2,000 graduate students, WPI equips its attendees with the skills and knowledge necessary to tackle some of the most pressing challenges in these disciplines. The unique educational experience encourages students to understand the societal implications of their work, ensuring they are prepared to contribute positively to communities and industries.
In fiscal year 2022 alone, WPI awarded 1,197 bachelor’s degrees, 684 master’s degrees, and 69 PhDs, underscoring its role in shaping the next generation of leaders and innovators. The university emphasizes active lifelong learning, civic contribution, and leadership, fulfilling its founders' mission to create, discover, and disseminate knowledge for the betterment of society.
By facilitating connections between rigorous academic inquiry and practical application, WPI plays a vital role in advancing technological progress and improving lives through its commitment to education and research.
This information is meant to be a general summary of Worcester Polytechnic Institute. 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: $4,296,051
- Program Service Revenue: $414,335,622
- Gross Receipts: $453,900,620
Assets and Liabilities:
- Total Assets: $1,250,809,748
- Total Liabilities: $485,190,259
- Net Assets: $765,619,489
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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
$320,761,077
SPONSORED RESEARCH
Revenue
$40,042,435
AUXILIARY OPERATIONS
Revenue
$38,749,013
OTHER OPER. SOURCES
Revenue
$12,466,055
OTHER EDUC. OPERATIONS
Revenue
$2,317,042
Organization Details
Founding Year
1865
Phone
(508) 831-5000Principal Officer
Jinliu Wang
Main Address
100 INSTITUTE ROAD, WORCESTER, MA, 01609
Website
www.wpi.eduNTEE Category
Code: B43 - Education
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