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Filing year 2023

WORCESTER POLYTECHNIC INSTITUTE

Worcester, Massachusetts·EIN 04-2121659·3
Total revenue
$490.8M
Total assets
$1.3B
Total expenses
$505.3M
Reported officers
38
Mission

THE UNIVERSITY 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. (CONT. ON SCH O) THIS EDUCATIONAL PROCESS IS TRUE TO THE FOUNDERS' DIRECTIVE TO CREATE, TO DISCOVER, AND TO CONVEY KNOWLEDGE AT THE FRONTIERS OF ACADEMIC INQUIRY FOR THE BETTERMENT OF SOCIETY. KNOWLEDGE IS CREATED AND DISCOVERED IN THE SCHOLARLY ACTIVITIES OF FACULTY AND STUDENTS RANGING ACROSS EDUCATIONAL METHODOLOGY, PROFESSIONAL PRACTICE, AND BASIC RESEARCH. KNOWLEDGE IS CONVEYED THROUGH SCHOLARLY PUBLICATION AND INSTRUCTION. (HTTP://WWW.WPI.EDU/ABOUT/MISSION.HTML)

Executive compensation, broken down

Form 990 · Schedule J · 14 reported individuals · Filing year 2023

$895k
$999k
Base
$622k
Bonus
$166k
Other
$20k
Benefits
$45k
Treasurer, Executive VP & CFO
$631k
$704k
Base
$426k
Bonus
$147k
Other
$4k
Benefits
$22k
Provost (thru 09/2023)
key employee
$612k
$683k
Base
$450k
Bonus
$4k
Other
$86k
Benefits
$41k
Secretary & General Counsel
secretary (operational)
$610k
$681k
Base
$430k
Bonus
$143k
Other
$2k
Benefits
$4k
SVP Talent & Inclusion, Cdo
$588k
$657k
Base
$403k
Bonus
$139k
Other
$2k
Benefits
$14k
VP Student Affairs
vice president
$586k
$655k
Base
$354k
Bonus
$188k
Other
$2k
Benefits
$11k
VP University Advancement
vice president
$503k
$561k
Base
$352k
Bonus
$107k
Other
$2k
Benefits
$10k
Dean of Arts & Sciences
highest compensated employee
$439k
$490k
Base
$359k
Bonus
$18k
Other
$4k
Benefits
$26k
Dean of Engineering
highest compensated employee
$425k
$475k
Base
$347k
Bonus
$18k
Other
$2k
Benefits
$27k
Mechanical & Materials Eng Professor
highest compensated employee
$412k
$460k
Base
$351k
Bonus
Other
$4k
Benefits
$26k
Dean Ug Stud/int Prov (as of 10/23)
key employee
$383k
$428k
Base
$310k
Bonus
$30k
Other
$2k
Benefits
$11k
Avp, Chief of Staff & Dep. Secr.
officer (unspecified)
$267k
$298k
Base
$169k
Bonus
$59k
Other
$300
Benefits
$22k
Chemistry Professor
former officer/director/trustee
$232k
$259k
Base
$199k
Bonus
Other
$2k
Benefits
$11k
Assoc Treas. & Controller
officer (unspecified)
$205k
$229k
Base
$164k
Bonus
Other
$300
Benefits
$24k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 24 unpaid individuals.

Down 26%
from 2022

From $1.2M in 2022 to $895k in 2023.

$1.2M
2022
$895k
2023
In today's dollarsEst.
Down 28% in real terms$1.4M to $999k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

WORCESTER POLYTECHNIC INSTITUTE reported revenue and expenses across 2 filing years.

RevenueExpenses
$462.7M
$483M
2022
$490.8M
$505.3M
2023
Total revenue and total expenses from IRS Form 990 filings.
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WORCESTER POLYTECHNIC INSTITUTE | Executive Pay $205k-$895k | Lucido