Nonprofit · EIN 04-3397800
MIT REAL ESTATE FOUNDATION INC
Tax-exempt · CAMBRIDGE, MA 02139
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $81,000 | $86,000 | -$5,000 | $4,249,000 | $0 | $4,249,000 |
| June 30, 2024 | 990 | $4,284,000 | $2,390,000 | $1,894,000 | $4,754,000 | $3,000 | $4,751,000 |
| June 30, 2023 | 990 | -$1,595,000 | $4,389,000 | -$5,984,000 | $2,816,000 | $3,000 | $2,813,000 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Net rental income
- $81,000
- Other revenue
- $81,000
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $7,000
- Accounting fees
- $16,000
- Program services (functional)
- $22,000
- Management and general (functional)
- $64,000
Balance sheet and other
- Total assets, start of year
- $4,754,000
- Total assets, end of year
- $4,249,000
- Total liabilities, end of year
- $0
- Net assets, end of year
- $4,249,000
- Land, buildings and equipment
- $4,221,000
- Net assets without donor restrictions
- $4,249,000
- Gross receipts
- $81,000
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1997
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Seth Alexander | President, Treasurer, and Clerk Trustee or director, Officer | 1 | $0 | $3,845,075 | $617,315 |
| Patrick Rowe | Assistant Treasurer and Assistant Clerk Officer | 1 | $0 | $1,588,026 | $297,050 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Seth Alexander | President, Treasurer, and Clerk Trustee or director, Officer | 1 | $0 | $3,134,866 | $613,448 |
| Steven Marsh | Former Assistant Treasurer and Assistant Clerk Former | 1 | $0 | $3,131,566 | $31,949 |
| Patrick Rowe | Assistant Treasurer and Assistant Clerk Officer | 1 | $0 | $1,198,553 | $295,244 |
990 for the year ended June 30, 2023: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Seth Alexander | President, Treasurer, and Clerk Trustee or director, Officer | 1 | $0 | $2,635,663 | $457,443 |
| Steven Marsh | Assistant Treasurer and Assistant Clerk (Outgoing) Officer | 1 | $0 | $2,549,994 | $487,994 |
| Patrick Rowe | Assistant Treasurer and Assistant Clerk (Incoming) Officer | 1 | $0 | $1,137,172 | $192,982 |
Address and contacts
- Address (IRS master file)
- 77 MASSACHUSETTS AVENUE NE49-4000, CAMBRIDGE, MA 02139-4301
- In care of
- % DANIELLE KHOURY
- Principal officer (990 for 2024)
- Seth Alexander, 77 Massachusetts Avenue, Cambridge, MA 02139
- Signed the 990
- Seth Alexander, President, Treasurer, and Clerk
- Phone
- (617) 253-4835
Mission
TO HOLD REAL ESTATE AND ANY OTHER FORM OF PROPERTY FOR THE BENEFIT OF MASSACHUSETTS INSTITUTE OF TECHNOLOGY (MIT), OF CAMBRIDGE, MASSACHUSETTS, AND OTHERWISE TO AID, ASSIST AND ENABLE MIT TO CARRY OUT ITS EDUCATIONAL AND CHARITABLE PURPOSES, ALL WITHIN THE LIMITATIONS OF SECTION 501(C)(3) AND 509(A)(3) OF THE IRS.
Program accomplishments
- TO HOLD REAL ESTATE AND OTHER FORMS OF PROPERTY FOR THE BENEFIT OF THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY.Expenses $22,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 04-3397800
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1998
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U40Z)
- Assets (IRS master file)
- $4,249,000
- Income (IRS master file)
- $81,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $81,000 | $86,000 | $4,249,000 | IRS |
| 990 | June 2024 | $4,284,000 | $2,390,000 | $4,754,000 | IRS |
| 990 | June 2023 | -$1,595,000 | $4,389,000 | $2,816,000 | XML |
| 990 | June 2022 | $6,016,000 | $102,000 | $8,819,000 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3397800).
Questions about MIT REAL ESTATE FOUNDATION INC
- What is the EIN of MIT REAL ESTATE FOUNDATION INC?
- The employer identification number (EIN) of MIT REAL ESTATE FOUNDATION INC is 04-3397800.
- Is MIT REAL ESTATE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to MIT REAL ESTATE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does MIT REAL ESTATE FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MIT REAL ESTATE FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MIT REAL ESTATE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MIT REAL ESTATE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names Seth Alexander.
- Who are the officers and directors of MIT REAL ESTATE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does MIT REAL ESTATE FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $81,000, expenses of $86,000 and total assets of $4,249,000 at year end.
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