EIN 04-2121659

Worcester Polytechnic Institute (WPI)

IRS 501(c) type
501(c)(3)
Num. employees
4,068
Year formed
1865
Most recent tax filings
2022-06-01
Description
Worcester Polytechnic Institute educates talented men and women in engineering, science, management, and humanities in preparation for careers of professional practice, civic contribution, and leadership, facilitated by active lifelong learning.
Total revenues
$444,871,646
2022
Total expenses
$445,496,296
2022
Total assets
$1,250,809,748
2022
Num. employees
4,068
2022

Program areas at WPI

The university provides education in the fields of science, technology, engineering and mathematics to approximately 5,200 undergraduate and 2,000 graduate students. In addition, housing and board auxiliary services are provided for approximately 2,400 students. During fiscal year 2022, the university awarded 1,197 bachelor, 684 master and 69 phd degrees. Students emerge from the university's unique experience ready to take on some of the most difficult challenges in science and technology. More importantly, they understand how their work can truly impact society and improve lives.
At the university, 223 faculty and post doc researchers, and 546 students are engaged in cutting-edge research across a broad range of disciplines. The university receives research funding from a variety of sources, primarily from governmental organizations such as the national science foundation, department of defense, national Institute of health and other federal agencies. Research at the university has a decidedly applied focus, with work focused on problems that are both interesting and important. The result is new knowledge, new innovations, and technological advances that attack some of the major challenges of our time.

Grants made by WPI

GranteeGrant descriptionAmount
Assistments FoundationResearch$1,617,574
Regents of the University of California at IrvineResearch$499,029
University of MassachusettsResearch$228,804
...and 35 more grants made totalling $4,072,691

Who funds Worcester Polytechnic Institute (WPI)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
George I Alden TrustTo Further Education$600,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$531,865
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$531,865
...and 101 more grants received totalling $4,934,597

Personnel at WPI

NameTitleCompensation
Jeffrey SolomonTreasurer , Executive Vice President , Chief Financial Officer / Treasurer , Executive Vice President and Chief Financial Officer / Executive Vice Presidentchief Financial Officer / Treasurer and Executive Vice President and Chief Financial Officer$738,198
Michael HoranExecutive Vice President and Chief Financial Officer$194,712
Amy MortonVice President and Chief of Staff / Chief Marketing Officer$397,411
Donna StockVice President University Advancement$344,649
Philip ClayVice President Student Affairs / Vice President of Student Affairs and Dean of Students$417,975
...and 25 more key personnel

Financials for WPI

RevenuesFYE 06/2022
Total grants, contributions, etc.$25,922,762
Program services$414,335,622
Investment income and dividends$6,241,403
Tax-exempt bond proceeds$0
Royalty revenue$312,101
Net rental income$0
Net gain from sale of non-inventory assets$-1,945,352
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$5,110
Total revenues$444,871,646

Form 990s for WPI

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-05990View PDF
2021-062022-05-05990View PDF
2020-062021-05-11990View PDF
2019-062021-01-28990View PDF
2018-062019-11-04990View PDF
...and 10 more Form 990s

Organizations like WPI

OrganizationLocationRevenue
Rensselaer Polytechnic Institute (RPI)Troy, NY$703,187,253
Illinois Institute of Technology (IIT)Chicago, IL$364,483,065
Seattle Pacific University (SPU)Seattle, WA$148,499,539
Clarkson UniversityPotsdam, NY$262,243,512
Valparaiso UniversityValparaiso, IN$194,686,967
Wake Forest University (WFU)Winston Salem, NC$715,438,504
Loyola University Chicago (LUC)Chicago, IL$1,069,361,900
Pace UniversityNew York, NY$682,582,586
Santa Clara University (SCU)Santa Clara, CA$737,403,416
Clark UniversityWorcester, MA$226,941,247
Data update history
May 18, 2024
Received grants
Identified 2 new grant, including a grant for $12,000 from Alice W Miles Tuw-Wpi
February 3, 2024
Received grants
Identified 32 new grant, including a grant for $600,000 from George I Alden Trust
October 26, 2023
Received grants
Identified 9 new grant, including a grant for $32,771 from The Blackbaud Giving Fund
August 19, 2023
Received grants
Identified 79 new grant, including a grant for $1,000,000 from George I Alden Trust
August 13, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
SchoolsHigher ed institutionsHeadquarter / parent organizations
Issues
EducationArts, cultural, and humanities
Characteristics
Political advocacyLobbyingOperates internationallyState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsTax deductible donations
General information
Address
100 Institute Rd
Worcester, MA 01609
Metro area
Worcester, MA-CT
County
Worcester County, MA
Website URL
wpi.edu/ 
Phone
(508) 831-5000
Facebook page
wpi.edu 
Twitter profile
@wpi 
IRS details
EIN
04-2121659
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1865
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B43: University or Technological Institute
NAICS code, primary
611310: Colleges, Universities, and Professional Schools
Parent/child status
Central organization
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