2024-05-14T10:40:42+00:00 2023-06-30 990 2022-07-01 812731492 MIT International Inc MITI 6172589884 77 Massachusetts Avenue NE49-3142 Cambridge MA 02139 Katherine Hammer TREASURER 6172589884 2024-05-14 Katherine Hammer 999009999 2022 2023-04-26 12:10:37Z Richard Lester 77 Massachusetts Avenue NE49-3142 Cambridge MA 02139 23334000 false X X 2016 MA THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES. 5 0 1 0 0 0 2129000 22215000 600000 1051000 16000 52000 2729000 23334000 2505000 6196000 0 977000 1167000 0 0 381000 1020000 3863000 8383000 -1134000 14951000 34517000 18724000 12000 2035000 34505000 16689000 THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES. false false 8383000 6196000 1119000 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. 8383000 true true false false false false false false false false false false false false true false true false true true false false false false false false true false true false false false false false false false false false false false false true true false false false true X 0 0 1 false true HK KE UK false false false false false false false false false X 5 0 true false false false true true true true false false false true true true true true true false false false MA X Katherine Hammer 6172589884 77 Massachusetts Avenue NE49-3142 Cambridge MA 02139 Richard Lester President 2.0 40.0 X X 0 414284 44495 Cynthia Barnhart Director 1.0 60.0 X 0 833157 17635 Glen Shor Director 1.0 60.0 X 0 795890 68243 Maria Zuber Director 1.0 60.0 X 0 548182 37703 Mark DiVincenzo Director 1.0 60.0 X 0 735580 80556 Katherine Hammer Treasurer 1.0 40.0 X 0 434559 34077 Magdalene Lee Vice President (Incoming) 1.0 40.0 X 0 19167 3455 Matthew Fucci Clerk 1.0 40.0 X 0 246072 57228 Robert Lemp Vice President (Outgoing) 1.0 40.0 X 0 233457 76213 Charleston Sin Executive Director, MIT Hong Kong Innovation Node 40.0 0 X 244934 0 13656 Marina Chan Senior Director - MIT Hong Kong Innovation Node, Head of Education 40.0 0 X 156819 0 7797 Nina VanWormer Associate Director, Global Investment Legal Services 40.0 0 X 251501 0 14153 Sunnie Lau Director of Smart City Research and Industry Collaboration - MIT Hong Kong Innovation Node 40.0 0 X 130768 0 7491 784022 4260348 462702 0 true true false 0 973000 21242000 22215000 Fees and Services 900099 1051000 1051000 0 0 0 0 1051000 16000 16000 0 0 0 0 Other Income 52000 52000 0 0 0 0 52000 23334000 1119000 0 0 6196000 6196000 1102000 1102000 65000 65000 12000 12000 0 0 0 0 42000 42000 4000 4000 Materials and Supplies 962000 962000 0 0 0 0 8383000 8383000 0 0 142000 2277000 159000 611000 34216000 15830000 0 6000 0 0 0 0 0 0 0 0 0 0 0 0 34517000 18724000 11000 1000 2035000 0 0 0 0 12000 2035000 301000 2888000 34204000 13801000 34505000 16689000 34517000 18724000 X 14951000 -32767000 X false true X true false X 20724000 17306000 5860000 2129000 22215000 68234000 0 0 20724000 17306000 5860000 2129000 22215000 68234000 0 68234000 16000 16000 0 0 0 0 0 0 52000 52000 68302000 2524000 0.9990 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - , COLUMN A - , COLUMN B - , COLUMN C - , COLUMN D - , COLUMN E - 52000.0, COLUMN F - 52000.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Advance from MIT 0 X Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote MIT INTERNATIONAL INC. IS A SUBSIDIARY OF THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT). MIT INTERNATIONAL INC.'S FINANCIAL STATEMENTS ARE PREPARED AND AUDITED ON A CONSOLIDATED BASIS WITH MIT. US GAAP REQUIRES MIT TO EVALUATE TAX POSITIONS TAKEN BY THE INSTITUTE AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE INSTITUTE HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MIT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF JUNE 30, 2023, THERE ARE NO SIGNIFICANT UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. East Asia and the Pacific 1 13 Program Services ENTREPRENEURIAL COURSES AND TRAINING 3810000 Europe (Including Iceland and Greenland) 1 1 Fundraising 4573000 Sub-Saharan Africa 1 0 Program Services Educational program development and advising 0 3 14 0 0 3 14 8383000 0 8383000 false false true false false false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; SUB-SAHARAN AFRICA-Accrual true MASSACHUSETTS INSTITUTE OF TECHNOLOGY 77 MASSACHUSETTS AVENUE CAMBRIDGE MA 02139 042103594 501(C)(3) 6196000 FUNDRAISING TRANSFERS 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. MIT INTERNATIONAL INC. DISTRIBUTES GIFTS TO THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY. IT DOES SO BY WAY OF ITS DISREGARDED SUBSIDIARIES, MIT HONG KONG FOUNDATION LIMITED AND MIT FOUNDATION (UK) LIMITED. THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY HAS RIGOROUS CONTROLS AND PROCEDURES TO ENSURE PROPER USE OF FUNDING IN THE U.S. TO ALIGN WITH THE MISSIONS OF THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY, MIT INTERNATIONAL INC., THE MIT HONG KONG FOUNDATION LIMITED AND MIT FOUNDATION (UK) LIMITED. X X X X X X false false false false false false false false false Richard Lester President 0 404832 0 0 0 9452 0 15250 0 29245 0 458779 0 0 Cynthia Barnhart Director 0 810308 0 0 0 22849 0 15250 0 2385 0 850792 0 0 Mark DiVincenzo Director 0 702682 0 0 0 32898 0 48800 0 31756 0 816136 0 0 Glen Shor Director 0 756890 0 0 0 39000 0 36085 0 32158 0 864133 0 0 Maria Zuber Director 0 525932 0 0 0 22250 0 15250 0 22453 0 585885 0 0 Matthew Fucci Clerk 0 244422 0 1650 0 0 0 26222 0 31006 0 303300 0 0 Katherine Hammer Treasurer 0 430070 0 0 0 4489 0 32613 0 1464 0 468636 0 0 Robert Lemp Vice President (Outgoing) 0 233457 0 0 0 0 0 51025 0 25188 0 309670 0 0 Marina Chan Senior Director - MIT Hong Kong Innovation Node, Head of Education 156819 0 0 0 0 0 6832 0 965 0 164616 0 0 0 Charleston Sin Executive Director, MIT Hong Kong Innovation Node 244934 0 0 0 0 0 12451 0 1205 0 258590 0 0 0 Nina VanWormer Associate Director, Global Investment Legal Services 251500 0 0 0 1 0 14063 0 90 0 265654 0 0 0 Form 990, Part I, Line 5 There are employees based in Hong Kong who do not receive W-2 Income. Form 990, Part VI, Line 2 Business Relationship All officers and directors of MIT International, Inc. are officers, directors and/or employees of MIT. Form 990, Part VI, Line 6 Classes of members or stockholders THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY IS THE SOLE MEMBER OF MIT INTERNATIONAL. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE SOLE MEMBER'S PRESIDENT DETERMINES THE SIZE OF THE BOARD , WHICH MAY NOT HAVE FEWER THAN THREE MEMBERS. TWO SENIOR ADMINISTRATORS OF THE SOLE MEMBER SERVE ON THE BOARD EX OFFICIO, ALTHOUGH EACH MAY DESIGNATE ANOTHER TO SERVE IN HIS OR HER STEAD. THE REMAINDER OF THE BOARD IS ELECTED BY THE SOLE MEMBER'S PRESIDENT. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders THE SOLE MEMBER SHALL HAVE THE FOLLOWING POWERS AND RIGHTS OF THE CORPORATION: (i) TO APPROVE ALL AMENDMENTS TO THE ARTICLES OF ORGANIZATION OF THE CORPORATION; (ii) TO APPROVE ALL AMENDMENTS TO THE BYLAWS OF THE CORPORATION; (iii) TO APPROVE ANY SALE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE PROPERTY OF THE CORPORATION; (iv) TO APPROVE DISSOLUTION, CONSOLIDATION, OR MERGER OF THE CORPORATION; (v) SUCH OTHER POWERS AND RIGHTS AS ARE VESTED BY LAW IN MEMBERS OF A CORPORATION ORGANIZED UNDER CHAPTER 180 OF THE GENERAL LAWS OF MASSACHUSETTS, BY THE ARTICLES OF ORGANIZATION, AND/OR BY THE BYLAWS OF THE ORGANIZATION; (vi) SUCH OTHER POWERS AND RIGHTS AS THE SOLE MEMBER MAY DESIGNATE. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body THERE ARE NO SUCH COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. Form 990, Part VI, Line 11b Review of form 990 by governing body MIT INTERNATIONAL'S OFFICER RESPONSIBLE FOR TAX MATTERS REVIEWS THE FORM 990 FOR ACCURACY AND COMPLETENESS. Form 990, Part VI, Line 12c Conflict of interest policy ANNUAL DISCLOSURE THE ORGANIZATION'S POLICY REQUIRES THAT COVERED INDIVIDUALS ANNUALLY ACKNOWLEDGE IN WRITING THAT THEY ARE AWARE OF THE POLICY AND IDENTIFY ANY RELATIONSHIPS OR RESPONSIBILITIES THAT HAVE THE POTENTIAL OF PRODUCING CONFLICTS OF INTEREST. EACH YEAR, DISCLOSURE FORMS ARE DISTRIBUTED TO THOSE COVERED BY THE POLICY. IF A RESPONSE REVEALS A CONFLICT OR POTENTIAL CONFLICT, SUCH CONFLICT IS REFERRED TO THE APPROPRIATE INDIVIDUAL OR BODY FOR CONSIDERATION AND MANAGEMENT. AD HOC DISCLOSURE IN ADDITION TO THE ANNUAL DISCLOSURE PROCESS, POTENTIAL CONFLICTS OF INTEREST OF INDIVIDUALS SERVING MIT INTERNATIONAL WILL BE RAISED, CONSIDERED AND ADDRESSED ON AN AD HOC BASIS. IF A CONFLICT IS IDENTIFIED, THE CONFLICT IS EITHER ELIMINATED OR MANAGED. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part XI, Line 9 Other changes in net assets or fund balances OTHER CHANGES - -32767000; MIT Hong Kong Foundation Limited 981325944 Research and Education HK 18791000 16661000 MIT International Inc MIT Foundation (UK) Limited 981192046 Fundraising UK 6848000 1952000 MIT International Inc Foundations in Reading and Math LLC 77 Massachusetts Avenue NE49-3142 Cambridge MA 02139 Education, Research, and Allied and Associated Activites MA 0 0 MIT International Inc Massachusetts Institute of Technology 77 Massachusetts Avenue Cambridge MA 02139 042103594 Research and Education MA 501(c)(3) 2 NA false MIT Chile Foundation Education and Research CI MIT International Inc C Corporation 0 20386 1 true MIT Egypt for Research Education and Innovation Education and Research EG MIT International Inc C Corporation 0 0 1 true MIT Incorporated UK Limited Education and Research UK MIT International Inc C Corporation 691723 505139 1 true false true true false false false false false false false false false false false false false false false false