Wentworth Institute of Technology
86% goes to programs $64 to raise $100 Strong reserves
Wentworth Institute of Technology is a 501(c)(3) organization based in Boston, Massachusetts, registered in 1929, with $201,041,519 in FY2023 revenue. CharityIndex grades it B+, and it directs about 86% of spending to programs.
550 Huntington Ave, Boston, MA, 02115 EIN 04-1958460 Since 1929
Revenue (FY2023)
$201.0M
▲ 3.9% vs prior year
Education median: $200K
Expenses (FY2023)
$210.9M
Net assets
$280.0M
Employees
2,312
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
C+Program efficiency40% of the rating86% to programs · $64 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Wentworth Institute of Technology: 86% to programs · $64 to raise $100 earns a C+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating16 mo reserves · -5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Wentworth Institute of Technology: 16 mo reserves · -5% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Wentworth Institute of Technology: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Wentworth Institute of Technology: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Wentworth institute of technology is a nationally recognized private coeducational and residential university of higher education with a mission to empower, inspire and innovate through experiential learning with a core purpose of career success.
Contact & location
- Address
- 550 Huntington Ave, Boston, MA, 02115
- City
- Boston
- State
- Massachusetts
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $142.6M (FY2013) to $201.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $219.9MNet assets $280.0M
Operating margin
-4.9%
Spent more than it raised in the latest fiscal year.
Total assets
$499.9M
Total liabilities
$219.9M
Net assets
$280.0M
Salaries & benefits
$77.6M
37% of expenses
Board members
22
21 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $201,041,519▲3.9% | $210,890,595▲6.8% | $279,985,502▲2.9% | $499,876,599▲1.2% | 990 |
| 2022 | $193,468,355▼0.2% | $197,512,979▲1.1% | $272,129,502▲3.0% | $493,989,600▲13.3% | 990 |
| 2021 | $193,916,069▲5.9% | $195,347,347▲6.9% | $264,079,274▼5.9% | $436,166,327▼2.6% | 990 |
| 2020 | $183,064,697▼3.2% | $182,700,083▼1.5% | $280,492,915▲13.0% | $447,728,362▲5.7% | 990 |
| 2019 | $189,040,117▲1.2% | $185,502,558▲3.3% | $248,122,743▼0.3% | $423,680,198▼2.5% | 990 |
| 2018 | $186,742,964▼8.5% | $179,652,653▲5.4% | $248,980,699▲2.9% | $434,446,766▲0.9% | 990 |
| 2017 | $204,115,906▲17.4% | $170,385,520▲3.8% | $242,065,461▲13.0% | $430,458,871▲5.3% | 990 |
| 2016 | $173,901,500▲1.9% | $164,165,803▲1.9% | $214,147,420▲12.7% | $408,702,876▲15.7% | 990 |
| 2015 | $170,734,826▼1.2% | $161,178,392▲6.2% | $189,964,128▲0.4% | $353,326,983▲1.0% | 990 |
| 2014 | $172,742,047▲21.2% | $151,781,797▲11.8% | $189,286,916▲7.8% | $349,958,963▲4.2% | 990 |
| 2013 | $142,561,542 | $135,736,778▲6.2% | $175,540,387▲9.3% | $335,695,129▲17.4% | 990 |
| 2012 | — | $127,828,255▲10.9% | $160,532,942▲14.4% | $286,028,546▲4.3% | 990 |
| 2011 | — | $115,234,587▲8.1% | $140,286,459▼4.1% | $274,151,210▲1.1% | 990 |
| 2010 | — | $106,619,703▲4.6% | $146,253,785▲15.5% | $271,111,862▲6.7% | 990 |
| 2009 | — | $101,883,541 | $126,664,015 | $254,096,431 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Mark A Thompson — $762,853 (0.36% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Mark A Thompson | President | 40 | $762,853 |
| Sophia A Maggelakis | Provost | 40 | $442,087 |
| Robert L Totino | Vp For Finance & Cfo | 40 | $308,251 |
| Elizabeth Herbert | Vp For Institutional Advancement | 40 | $298,683 |
| Kristin Tichenor | Vp For Enrollment Management | 40 | $286,526 |
| Vishvas Paradkar | Vp of Technology & Cio | 40 | $270,804 |
| Lynn Mccormick | Vp General Counsel | 40 | $239,292 |
| Courtney Mckenna | Vp For Student Affairs | 40 | $232,955 |
| Erik Cote | Vp For Strategy & Planning | 40 | $218,459 |
| Nicole G Price | Vp For Inclusive Excellence | 40 | $209,645 |
| Masoud Olia | Professor | 40 | $208,265 |
| David Wahlstrom | Vp For Business | 40 | $207,137 |
| Edward Reed | Chief Marketing & Communications | 40 | $204,775 |
| Ali K Khabari | Dean | 40 | $204,012 |
| Joseph Martel-foley | Vice Provost | 40 | $202,102 |
| Susan Duffy | Associate Provost | 40 | $199,919 |
| Al Spagnolo | Trustee | 4 | — |
| Anil Jha | Trustee | 4 | — |
| Anthony Bond | Trustee | 4 | — |
| Casey Galante | Trustee | 4 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Gilbane Building Company Corp | Construction | $24,235,284 |
| Sodexo Operations LLC | Dining Services & Catering | $11,615,017 |
| Ug2 LLC | Custodial Services | $2,549,353 |
| Cdm Smith Inc | Architectural Services | $2,271,200 |
| Workday Inc | It Services | $1,737,206 |
Grants received · $2.2M total
56 grants to Wentworth Institute of Technology totaling $2.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $131,543 |
| Ayco Charitable Foundation | Education | 2024 | $50,000 |
| The New York Community Trust | For a scholarship award. | 2024 | $25,000 |
| American Online Giving Foundation Inc | General support | 2024 | $10,678 |
| Fidelity Non-profit Management Foundation | Salary support | 2023 | $220,000 |
| National Philanthropic Tr | International | 2023 | $100,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $38,800 |
| Ayco Charitable Foundation | Education | 2023 | $25,000 |
| The New York Community Trust | For a scholarship award. | 2023 | $25,000 |
| Donor Advised Charitable Giving | Education | 2023 | $15,900 |
| American Online Giving Foundation Inc | General support | 2023 | $9,917 |
| Boston Foundation Inc | Operating support/annual fund | 2023 | $5,947 |
| Fidelity Non-profit Management Foundation | Salary support | 2022 | $375,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $33,077 |
| American Online Giving Foundation Inc | General support | 2022 | $9,881 |
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Frequently asked questions
- Is Wentworth Institute of Technology a legitimate nonprofit?
- Yes. Wentworth Institute of Technology is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-1958460, based in Boston, Massachusetts. Donations are tax-deductible.
- What is Wentworth Institute of Technology's EIN?
- Wentworth Institute of Technology's Employer Identification Number (EIN) is 04-1958460.
- How much revenue does Wentworth Institute of Technology report?
- Wentworth Institute of Technology reported $201,041,519 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Wentworth Institute of Technology's spending goes to programs?
- Wentworth Institute of Technology spends about 86% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Wentworth Institute of Technology have?
- CharityIndex grades Wentworth Institute of Technology B+, based on program efficiency and fundraising cost.
- How much does Wentworth Institute of Technology's highest-paid employee make?
- The highest reported compensation on Wentworth Institute of Technology's latest Form 990 is $762,853, paid to Mark A Thompson (President).
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Explore more
Data for Wentworth Institute of Technology (EIN 04-1958460) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.