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Nonprofiteer
← WORCESTER POLYTECHNIC INSTITUTE

Form 990 for tax year 2022

Filed by WORCESTER POLYTECHNIC INSTITUTE.

Totals

Total revenue
$462,672,181
Total expenses
$483,023,410
Contributions and grants received
$23,070,174
Grants paid
$137,912,773
Program service revenue
$425,741,934
Investment income
$13,559,221
Other revenue
$300,852
Total assets, end of year
$1,319,474,615
Total liabilities, end of year
$520,187,087
Net assets or fund balances, end of year
$799,287,528
Program services expenses (Part IX)
$395,440,761
Management and general expenses
$78,985,577
Fundraising expenses
$8,597,072
Program service expenses (Part III)
$395,440,761

Program services were 81.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JINLIU WANG

    PRESIDENT (AS OF 04/2023)

    Total calculated
    $0
    Hours/week
    40 + 1 related

  • WINSTON SOBOYEJO

    INT. PRES(THRU 04/2023)/PROVOST

    Total calculated
    $818,540
    From this org
    $726,939
    From related orgs
    $0
    Other
    $91,601
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $515,453
    Bonus
    $130,196
    Other
    $81,290
    Deferred
    $63,933
    Nontaxable benefits
    $27,668
    Filer's total
    $818,540

  • WILLIAM FITZGERALD

    CHAIR & TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JOYCE KLINE

    VICE CHAIR & TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • FRANCESCA MALTESE

    VICE CHAIR & TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL ASPINWALL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JAMES BAUM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • LORRAINE BOLSINGER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • LINWOOD BRADFORD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL DOLAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MARNI HALL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ROBERT HART

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JEREMY HITCHCOCK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • STUART KAZIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CARL KILMER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DAVID LAPRE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CARLEEN MARTLAND

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ERICA MASON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MAUREEN MCCAFFREY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • PAMELA MCCAULEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • NEIL MCDONOUGH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • LINDA MCGOLDRICK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • PATRICIA NEWCOMER-SMALL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • GEORGE OLIVER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MARK O'NEIL

    TRUSTEE (THRU 07/2022)

    Total calculated
    $0
    Hours/week
    2

  • KAREN TEGAN PADIR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ELIZABETH PHELAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MARK RUSSELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • STEPHEN RUSCKOWSKI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • NAVJOT SINGH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JOAN BOLDUC SZKUTAK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MYLES WALTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DOROTHEA WONG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ELIZABETH CLAPP

    ASSOC TREAS. & CONTROLLER

    Total calculated
    $139,743
    From this org
    $115,361
    From related orgs
    $0
    Other
    $24,382
    Hours/week
    40 + 1 related

  • DAVID BUNIS

    SECRETARY & GENERAL COUNSEL

    Total calculated
    $601,231
    From this org
    $571,132
    From related orgs
    $0
    Other
    $30,099
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $427,126
    Bonus
    $142,026
    Other
    $1,980
    Deferred
    $28,975
    Nontaxable benefits
    $1,124
    Filer's total
    $601,231

  • MICHAEL HORAN

    TREASURER, EXECUTIVE VP & CFO

    Total calculated
    $528,647
    From this org
    $476,179
    From related orgs
    $0
    Other
    $52,468
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $418,350
    Bonus
    $51,000
    Other
    $6,829
    Deferred
    $28,975
    Nontaxable benefits
    $23,493
    Filer's total
    $528,647

  • KYLE SIEGEL

    AVP, CHIEF OF STAFF & DEP. SECR.

    Total calculated
    $186,058
    From this org
    $149,602
    From related orgs
    $0
    Other
    $36,456
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,324
    Bonus
    $0
    Other
    $278
    Deferred
    $14,756
    Nontaxable benefits
    $21,700
    Filer's total
    $186,058

  • PHILIP CLAY

    VP STUDENT AFFAIRS

    Total calculated
    $437,197
    From this org
    $397,128
    From related orgs
    $0
    Other
    $40,069
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $307,677
    Bonus
    $87,471
    Other
    $1,980
    Deferred
    $28,975
    Nontaxable benefits
    $11,094
    Filer's total
    $437,197

  • AMY MORTON

    VP & CHIEF OF STAFF (THRU 07/2022)

    Total calculated
    $464,872
    From this org
    $432,343
    From related orgs
    $0
    Other
    $32,529
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,505
    Bonus
    $61,348
    Other
    $211,490
    Deferred
    $19,042
    Nontaxable benefits
    $13,487
    Filer's total
    $464,872

  • ARTHUR HEINRICHER

    INT. PROVOST (THRU 04/2023)/DEAN UG STUDIES

    Total calculated
    $356,504
    From this org
    $317,572
    From related orgs
    $0
    Other
    $38,932
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $291,084
    Bonus
    $22,678
    Other
    $3,810
    Deferred
    $28,009
    Nontaxable benefits
    $10,923
    Filer's total
    $356,504

  • LAUREN TURNER

    SVP TALENT & INCLUSION, CDO

    Total calculated
    $480,954
    From this org
    $425,092
    From related orgs
    $0
    Other
    $55,862
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $370,277
    Bonus
    $53,000
    Other
    $1,815
    Deferred
    $27,467
    Nontaxable benefits
    $28,395
    Filer's total
    $480,954

  • JOHN MCNEIL

    DEAN OF ENGINEERING

    Total calculated
    $435,180
    From this org
    $379,855
    From related orgs
    $0
    Other
    $55,325
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $342,875
    Bonus
    $35,000
    Other
    $1,980
    Deferred
    $28,975
    Nontaxable benefits
    $26,350
    Filer's total
    $435,180

  • LAURIE LESHIN

    FORMER PRESIDENT

    Total calculated
    $1,209,180
    From this org
    $1,146,542
    From related orgs
    $0
    Other
    $62,638
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $349,372
    Bonus
    $450,000
    Other
    $347,170
    Deferred
    $28,975
    Nontaxable benefits
    $33,663
    Filer's total
    $1,209,180

  • JEAN KING

    DEAN OF ARTS & SCIENCES

    Total calculated
    $448,107
    From this org
    $393,592
    From related orgs
    $0
    Other
    $54,515
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $353,795
    Bonus
    $35,987
    Other
    $3,810
    Deferred
    $28,975
    Nontaxable benefits
    $25,540
    Filer's total
    $448,107

  • DONNA STOCK

    VP UNIVERSITY ADVANCEMENT

    Total calculated
    $420,256
    From this org
    $376,760
    From related orgs
    $0
    Other
    $43,496
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $341,780
    Bonus
    $33,000
    Other
    $1,980
    Deferred
    $28,975
    Nontaxable benefits
    $14,521
    Filer's total
    $420,256

  • JEFFREY SOLOMON

    FORMER TREAS, EXEC VP, CFO

    Total calculated
    $276,084
    From this org
    $276,084
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $13,000
    Bonus
    $0
    Other
    $263,084
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $276,084

  • BRUCE BURSTEN

    CHEMISTRY PROFESSOR

    Total calculated
    $235,435
    From this org
    $205,723
    From related orgs
    $0
    Other
    $29,712
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,111
    Bonus
    $7,402
    Other
    $2,210
    Deferred
    $18,986
    Nontaxable benefits
    $10,726
    Filer's total
    $235,435

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Housing allowance or residence for personal use
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE UNIVERSITY HAS PROVIDED THESE BENEFITS PER WRITTEN POLICIES AFTER FULL SUBSTANTIATION OF THE ITEMS. THE FOLLOWING AMOUNTS ARE NOT INCLUDED IN COMPENSATION TAXABLE TO THE EMPLOYEE: THE PRESIDENT MAY FLY FIRST CLASS OR BUSINESS CLASS FOR TRAVEL IN EXCESS OF 3 HOURS. THE INTERIM PRESIDENT HAD ONE FIRST CLASS FLIGHT DURING CALENDAR YEAR 2022. THE UNIVERSITY PROVIDED HOUSING ON CAMPUS TO THE FORMER PRESIDENT THROUGH MAY 2022 AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE UNIVERSITY, INCLUDING HOUSEKEEPING TO MAINTAIN THE APPEARANCE OF THE RESIDENCE FOR UNIVERSITY FUNCTIONS. BEGINNING JULY 2022, ONE OFFICER RESIDED IN UNIVERSITY HOUSING. THE OFFICER PAID RENT DIRECTLY TO THE UNIVERSITY.
PART I, LINES 4A-B
LINE 4A - IN CONNECTION WITH THE SEPARATION OF TWO LISTED INDIVIDUALS FROM THE INSTITUTE, SEPARATION AGREEMENTS WERE EXECUTED, WHICH INCLUDED THE PAYOUT OF CERTAIN LUMP SUM PAYMENTS, AND CONTINUATION OF SALARY. THE PORTION OF THESE PAYMENTS TAXABLE IN CALENDAR YEAR 2022 ARE INCLUDED ON SCHEDULE J, PART II, COLUMN (B)(III). LINE 4B - THE INSTITUTE HAS A LONG TERM INCENTIVE PLAN (LTIP) TO PROVIDE DEFERRED BONUSES TO CERTAIN LISTED INDIVIDUALS. AMOUNTS PAID UNDER THE LTIP IN 2022 ARE INCLUDED ON SCHEDULE J, COLUMN (B)(II). ADDITIONAL DETAILS REGARDING THE PLAN ARE INCLUDED IN RESPONSE SCHEDULE J, PART I, LINE 7. NO AMOUNTS WERE CONTRIBUTED TO THE PLAN IN CALENDAR YEAR 2022. ONE OFFICER IS SUBJECT TO A DEFERRED BONUS ARRANGEMENT. AMOUNTS ACCRUED UNDER THE ARRANGEMENT ARE INCLUDED IN SCHEDULE J, PART II, COLUMN C.
PART I, LINE 7
THE COMPENSATION COMMITTEE OF THE UNIVERSITY'S BOARD OF TRUSTEES HAS A PAY-FOR-PERFORMANCE COMPENSATION PHILOSOPHY IN DETERMINING EXECUTIVE COMPENSATION. A PLAN THAT IS PART OF THE PHILOSOPHY IS THE EXECUTIVE INCENTIVE COMPENSATION PLAN. EXECUTIVES ARE ELIGIBLE FOR PERFORMANCE-BASED PAY. THE PAYMENT OF A PERFORMANCE BONUS IS DEPENDENT UPON ACHIEVEMENT OF DEFINED GOALS AND OBJECTIVES, APPROVED BY THE PRESIDENT AND COMPENSATION COMMITTEE. THE PRESIDENT MAY RECEIVE A PERFORMANCE-BASED INCENTIVE SUBJECT TO THE TERMS AND PROVISIONS LISTED IN THE CONTRACT.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • GATEWAY PARK LLC

    REAL EST. DEV · MA · income $724,649 · assets $0

    Directly controlled by WPI

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUSTS (20)

    T · CHAR TRUSTS · MA · controlled entity

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202401319349300040

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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