Nonprofits›Massachusetts Institute Of Technology Welfare Benefit Plans T
Mutual & Membership Benefit
Massachusetts Institute Of Technology Welfare Benefit Plans T
CAMBRIDGE, MA
Total revenue
$66.5M
Total expenses
$55.0M
Net assets
$985.5M
Grants received
$50K
1 grants
EIN
043177556
Tax year
2023
Mission
To provide health and life insurance benefits to covered eligible retirees of massachusetts institute of technology and their dependents, as well as individuals receiving long-term disability benefits for at least three years.
Financials
FY 2023
Revenue
Contributions & grants—
Program service revenue$25.4M
Investment income$41.1M
Other revenue—
Total revenue$66.5M
Expenses
Grants paid—
Salaries & benefits—
Fundraising—
Other expenses$5.9M
Total expenses$55.0M
Total assets$1.0B
Net assets$985.5M
People
2 listed
NameRoleCompensation
Glen Shor
Trustee
Board
—
1 hrs/wk
Seth Alexander
Trustee
Board
—
1 hrs/wk
Independent contractors
STATE STREET BANK
FINANCIAL CUSTODY SERVICES
WELLINGTON GROUP HOLDINGS LLP
INVESTMENT MANAGER
Grants received
Showing 1 of 1
FromAmountPurposeYear
Funded by
$50K from 1 funder · 1 grant · 2023
Mozilla Foundation
$50K · 1 grant · 2023
Details
EIN043177556
NTEE codeY330
Subsection03
Ruling date1993-04
Formed1992
Employees0
Volunteers0