Overview
What is Mit International Inc?
Mit International Inc, headquartered at 77 Massachusetts Avenue NE49-3142, Cambridge, MA 02139, is a nonprofit organization that supports the mission and objectives of its parent institution, the Massachusetts Institute of Technology (MIT). This charitable entity primarily focuses on facilitating global educational and academic activities, furthering MIT's purpose. The corporation is dedicated to charitable, educational, and scientific pursuits, as per its mission statement.
What are the reviews and ratings of this charity?
Charity Navigator Rating 85% - Three-Star out of Four Star rating
Mit International Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The charity's overall score is derived solely from its accountability and finance score, reflecting strong practices in financial oversight and management.
The organization has demonstrated excellent performance in several key areas, achieving full points in categories such as financial statements audit, material diversion of assets, and conflict of interest policies. Their program expense ratio of 100% signifies that all funds are directed towards their programs, and their fundraising efficiency ratio of $0.00 indicates no costs associated with fundraising efforts.
While the organization shows strength in financial management, the single beacon score means that there is no additional evaluation of other performance areas, such as impact or effectiveness, which may limit the overall understanding of its operational success. Nonetheless, the high accountability and finance score reflects a commitment to transparency and responsible management of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Mit International Inc legitimate?
Mit International Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mit International 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,102,000
For more financial information, click here
What is the mission statement of Mit International Inc?
Mit International Inc, as a charitable entity, is dedicated to serving the objectives and purposes of its parent organization, the Massachusetts Institute of Technology (MIT). It accomplishes this by engaging in global educational and academic activities, providing support and facilitation for these endeavors. The corporation's primary focus is on charitable, educational, and scientific pursuits.
What is the revenue of Mit International Inc?
Mit International Inc's revenue in 2023 was $23,334,000.
Who are the executives of Mit International Inc and what are their salaries?
The average compensation at Mit International Inc during 2023 was $1,102,000. There is 1 employee at Mit International Inc.
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $414,284
- Other: $44,495
- Compensation: $0
- Related: $833,157
- Other: $17,635
- Compensation: $0
- Related: $795,890
- Other: $68,243
- Compensation: $0
- Related: $548,182
- Other: $37,703
- Compensation: $0
- Related: $735,580
- Other: $80,556
- Compensation: $0
- Related: $434,559
- Other: $34,077
- Compensation: $0
- Related: $19,167
- Other: $3,455
- Compensation: $0
- Related: $246,072
- Other: $57,228
- Compensation: $0
- Related: $233,457
- Other: $76,213
- Compensation: $244,934
- Related: $0
- Other: $13,656
- Compensation: $156,819
- Related: $0
- Other: $7,797
- Compensation: $251,501
- Related: $0
- Other: $14,153
- Compensation: $130,768
- Related: $0
- Other: $7,491
Where can I find the form 990 for Mit International Inc?
Mit International Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Mit International Inc
Mit International Inc, a charitable organization, is dedicated to fulfilling the objectives and purposes of its sole member, the Massachusetts Institute of Technology (MIT). It achieves this by engaging in global educational and academic activities. Mit International Inc supports MIT's charitable, educational, and scientific mission by conducting, facilitating, and promoting these activities on a global scale. The organization's work is instrumental in extending MIT's reach and impact beyond its local boundaries, contributing to the broader global community.
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Impact
July, 2024
Mit International Inc has a significant impact in furthering the mission of its sole member, the Massachusetts Institute of Technology (MIT). By conducting, supporting, and facilitating global educational and academic activities, Mit International Inc plays a key role in advancing educational opportunities worldwide. Through its charitable, educational, and scientific initiatives, Mit International Inc contributes to the dissemination of knowledge and the promotion of learning on a global scale. This impact resonates not only in the local community of Cambridge, MA, but also reaches far beyond, making a difference in the field of education.
This information is meant to be a general summary of Mit International 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 2023.
- Investment Income: $16,000
- Program Service Revenue: $1,051,000
- Gross Receipts: $23,334,000
Assets and Liabilities:
- Total Assets: $34,517,000
- Total Liabilities: $12,000
- Net Assets: $34,505,000
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees and Services
Revenue
$1,051,000
Organization Details
Founding Year
2016
NTEE Category
Code: B11 - Education
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