2022-05-12T12:10:54-05:00 2021-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2020-07-01 350845258 INDIANA INSTITUTE OF TECHNOLOGY INC % SHELLY MUSOLF INDI 2604425561 1600 EAST WASHINGTON BLVD FORT WAYNE IN 46803 JUDY K ROY TREASURER 2604225561 2022-05-15 true JUDY K ROY 999009999 Lauren R Denton P01571860 2604604000 3 2020 2022-09-23 18:48:47Z INDIANA TECH KARL W EINOLF 1600 E WASHINGTON BLVD FORT WAYNE IN IN 46803 110404755 false X WWW.INDIANATECH.EDU X 1948 IN PROVIDES LEARNERS WITH CAREER-FOCUSED, PROFESSIONAL EDUCATION IN THE AREAS OF BUSINESS, COMPUTER STUDIES, ENGINEERING, CRIMINAL SCIENCE, AND GENERAL STUDIES. 17 15 1155 50 227319 0 12805995 22195226 80565323 78062161 3762405 7709245 216094 140930 97349817 108107562 32717483 32777059 0 0 31055619 30227235 209941 225638 1091070 29593435 32016041 93576478 95245973 3773339 12861589 274881086 325851841 33337638 45527519 241543448 280324322 X INDIANA TECH IS A PRIVATE, INDEPENDENT, AND NON-DENOMINATIONAL UNIVERSITY. STUDENTS ARE PREPARED FOR ACTIVE PARTICIPATION IN THE COMPLEX, GLOBAL SOCIETY OF THE 21ST CENTURY AND ARE MOTIVATED TOWARD A LIFE OF SIGNIFICANCE AND WORTH. ABOUT 1,300 STUDENTS ARE ENROLLED IN THE TRADITIONAL DAY SCHOOL, AND THE COLLEGE OF PROFESSIONAL STUDIES HAS ABOUT 6,500 STUDENTS ENROLLED. false false 78540512 32777059 78062161 AT INDIANA INSTITUTE OF TECHNOLOGY, WE EXCEL AT EDUCATING STUDENTS FROM ALL WALKS OF LIFE, FOR ALL KINDS OF MEANINGFUL WORK. WE'RE A TRULY INCLUSIVE COMMUNITY OF LEARNERS, ENSURING THAT STUDENTS ARE SUPPORTED, INSPIRED, AND EMPOWERED TO MAXIMIZE THEIR PROFESSIONAL PROSPECTS, ADVANCE IN THEIR CAREERS, AND IMPROVE THEIR LIVES AND THE LIVES OF OTHERS. WE BELIEVE STUDENTS LEARN BEST WHEN THEY MEANINGFULLY ENGAGE WITH A REAL-WORLD PROFESSOR. WITH AN ALUM. WITH A CAUSE. WITH A TEAM. WITH A PEER. SIMPLY PUT, OUR MODEL IS HANDS-ON. INDIANA TECH OFFERS DEGREES AT THE ASSOCIATE, BACHELOR'S, MASTER'S AND DOCTORAL LEVELS, IN FIELDS SUCH AS ENGINEERING, COMPUTER SCIENCES, CYBERSECURITY, BUSINESS, ANALYTICS, CRIMINAL JUSTICE, BIOLOGY, HEALTH SCIENCES, AND MORE. IN ALL, THE UNIVERSITY OFFERS MORE THAN 60 QUALITY DEGREE OPTIONS. 78540512 true true false false false false false true false true true false false false true false true false true true true false false true true false false true true true true false false false false false false false false false false true false false false false true false false false true 111 0 1155 true true true false false false false false false false false false false false X 17 15 false false false false false false false true true false false true true true true true true true true false IN X SHELLY MUSOLF 2604225561 1600 E WASHINGTON BLVD FORT WAYNE IN 46803 KARL W EINOLF PRESIDENT 45.0 0.0 X X 549144 0 111728 JUDY K ROY TREASURER 45.0 0.0 X 229876 0 48638 STEVEN A HERENDEEN VP ENROLLMENT MANAGEMENT 45.0 0.0 X 192980 0 56421 THOMAS E KAPLAN VP ACADEMIC AFFAIRS 45.0 0.0 X 178472 0 52150 DANIEL GRIGG VP INSTITUTIONAL ADVANCEMENT 45.0 0.0 X 187280 0 38624 STEPHEN P DUSSEAU PROFESSOR 45.0 0.0 X 158096 0 42727 DANIEL J STOKER VP STUDENT AFFAIRS 45.0 0.0 X 154101 0 25127 JEFFREY L WALLS PROFESSOR 45.0 0.0 X 132492 0 39391 MARGARET A CANALES PROFESSOR 45.0 0.0 X 135082 0 32834 KATHLEEN H WATLAND DEAN 45.0 0.0 X 135124 0 30830 MICHELLE R MUSOLF CONTROLLER 45.0 0.0 X 127649 0 34767 SHERRILL L HAMMAN LEFT 62021 FACULTY REPRESENTATIVE 45.0 0.0 X 90228 0 15649 GREGG C SENGSTACK TRUSTEE 1.0 0.0 X 0 0 0 RICHARD J SCHUL TRUSTEE 1.0 0.0 X 0 0 0 CHERI A BECKER TRUSTEE 1.0 0.0 X 0 0 0 JEFFREY A BENZING TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL D CAHILL TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM DAUGHERTY TRUSTEE 1.0 0.0 X 0 0 0 DENA M JACQUAY TRUSTEE 1.0 0.0 X 0 0 0 JOSEPH JORDAN TRUSTEE 1.0 0.0 X 0 0 0 ANTHONY JULIANO ALUMNI REPRESENTATIVE 1.0 0.0 X 0 0 0 DAVID J NASH TRUSTEE 1.0 0.0 X 0 0 0 D GEOFFREY PADDOCK TRUSTEE 1.0 0.0 X 0 0 0 MANUELA PENA-MORROS TRUSTEE 1.0 0.0 X 0 0 0 ARNOLD O PIERSON TRUSTEE 1.0 0.0 X 0 0 0 RAVI R TALWAR TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL H WOOD TRUSTEE 1.0 0.0 X 0 0 0 2270524 0 528886 32 false true false ASHER AGENCY INC 535 W WAYNE STREET FORT WAYNE IN 46802 ADVERTISING 2789200 SECURITAS SECURITY SERVICES INC 2 CAMPUS DRIVE PAPSIPPANY NH 07054 SECURITY SERVICE 588682 MY FOOTPATH LLC 820 W JACKSON CHICAGO IL 60607 STUDENT RECRUITING 532949 ELEVATUS ARCHITECTURE 111 E WAYNE STREET SUITE 555 FORT WAYNE IN 46802 ARCHITECT SERVICES 367529 CMA PLUS LLC 202 WEST BERRY STREET FORT WAYNE IN 46802 CONSTRUCTION MGMT 149628 8 13919 10894 15368548 6801865 59179 22195226 TUITION & FEES 611710 71117813 71117813 RESIDENCE HALLS 611710 6541603 6541603 MISCELLANEOUS 611710 402745 175426 227319 78062161 4133802 4133802 0 0 5095 5095 0 0 0 5707662 2132219 3575443 3575443 3575443 14798 13919 14798 0 0 0 353235 145081 208154 208154 VENDING COMMISSION 611710 9810 9810 WELLNESS CENTER 611710 1921 1921 LOSS ON EXTINGUISHMENT 611710 -78955 -78955 -67224 108107562 77834842 227319 7850175 31000 31000 32746059 32746059 0 0 1582081 90228 1304573 187280 0 22847955 18809791 3607765 430399 1865719 1535970 294603 35146 2198248 1809728 347110 41410 1733232 1426899 273683 32650 0 62520 62520 84650 84650 0 225638 225638 676990 676990 4088922 2766967 1282069 39886 3880095 205184 3658348 16563 369162 334810 32444 1908 1576400 123763 1452637 0 3886414 3532888 350574 2952 179252 108598 50326 20328 0 81855 52209 28837 809 1097666 1041986 55680 0 5812532 5568391 244141 505200 505200 BAD DEBTS 1515684 1515684 SUPPLIES 2426110 1816074 609531 505 STUDENT SUPPORT 2377316 2366635 1599 9082 ATHLETIC PROGRAMS 2028856 2028856 1366417 628792 691111 46514 95245973 78540512 15614391 1091070 5300 5350 10106695 24472133 2656187 6859049 1780678 1440312 0 0 0 0 0 0 841503 843835 1727503 1636634 177948194 60693599 120479503 117254595 136270449 169239093 0 0 0 0 0 0 1013268 4100840 274881086 325851841 4167544 4372630 0 0 1330742 2238582 27787349 38844336 0 0 0 0 0 0 0 0 52003 71971 33337638 45527519 X 217937723 249467849 23605725 30856473 241543448 280324322 274881086 325851841 X 12861589 25863683 55602 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 658745 X false 137645960 223341 33618496 749330 116475 214847 170407145 137039068 943283 721566 766299 102531 189127 137645960 131111439 910934 6769346 800612 334686 617353 137039068 123181930 1324936 8119388 733010 336029 445776 131111439 102652574 11162405 10793914 745496 367045 314422 123181930 0.87000 0.08000 0.05000 false false 0 12656139 12656139 0 119312544 35939518 83373026 0 32627597 24754081 7873516 0 13351914 13351914 117254595 0 DEPOSIT FUNDS HELD FOR OTHERS 71971 71971 101445762 25863683 220576 26084259 75361503 32746059 32746059 108107562 62664888 164974 164974 62499914 32746059 32746059 95245973 SCHEDULE D, PART III, LINE 4 THE UNIVERSALITY ART GALLERY, FRANCO D'AGOSTINO ART GALLERY, HOLD WORKS OF ARTS FOR THE PUBLIC EXHIBITION. DONATED PIECES ARE DISPLAYED FOR VIEWERS TO ENJOY. ON OCCASION, TRAVELING COLLECTIONS ARE AVAILABLE TO VIEW FOR A LIMITED TIME. THE ART GALLERY PROVIDES CULTURE TO HELP ROUND A STUDENT'S FULL EDUCATION AT INDIANA INSTITUTE OF TECHNOLOGY. SCHEDULE D, PART V, LINE 4 PERMANENTLY RESTRICTED NET ASSETS ARE RESTRICTED TO INVESTMENT IN PERPETUITY, THE INCOME OF WHICH IS EXPENDABLE TO SUPPORT ANY ACTIVITY OF THE INSTITUTE, SCHOLARSHIPS, FACULTY DEVELOPMENT, ENGINEERING AND SCIENCE CHAIR, SCHOOL OF BUSINESS, AND SCHOOL OF ENGINEERING ACTIVITIES. TEMPORARILY RESTRICTED NET ASSETS WERE RELEASED FROM DONOR RESTRICTIONS BY INCURRING EXPENSES SATISFYING THE RESTRICTED PURPOSES OR BY OCCURRENCE OF OTHER EVENTS SPECIFIED BY DONORS. BOARD DESIGNATED OR QUASI-ENDOWMENT FUNDS ARE THOSE AVAILABLE FOR USE FOR PURPOSES DETERMINED BY BOARD ACTION. ASC 740 FOOTNOTE MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. SCHEDULE D RECONCILIATION PART XI, LINE 2D COST OF GOODS SOLD $ 145,081 SPECIAL EVENTS EXPENSE $ 14,798 RENT EXPENSE $ 5,095 CHANGE IN VALUE OF PERPETUAL TRUST $ 55,602 TOTAL $ 220,576 PART XI, LINE 4B STUDENT AID $32,746,059 PART XII, LINE 2D COST OF GOODS SOLD $ 145,081 SPECIAL EVENTS EXPENSE $ 14,798 RENT EXPENSE $ 5,095 TOTAL $ 164,974 PART XII, LINE 4B STUDENT AID $32,746,059 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 THE RACIALLY NONDISCRIMINATORY POLICY IS PUBLICIZED ON THE UNIVERSITY'S WEBSITE AND IN THE STUDENT HANDBOOK. SCHEDULE E, PART I, LINE 6A INDIANA INSTITUTE OF TECHNOLOGY, INC. RECEIVED FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY IN THE FORM OF GRANTS FOR STUDENTS AND INSTITUTIONAL EXPENSES ALLOWABLE UNDER THE HIGHER EDUCATION EMERGENCY RELIEF FUNDING. true SOUTH ASIA 5 PROGRAM SERVICES STUDENT RECRUITMENT 21600 5 5 21600 21600 false false false false false false X X X X X X X true J F SMITH GROUP INC CONSULTING false 116438 MCALLISTER AND QUINN CONSULTING false 109200 225638 GOLF OUTING 28717 13919 14798 1614 12569 615 0 28717 13919 14798 1614 12569 615 14798 true GLOBAL LEADERSHIP SUMMIT & BEYOND 110 WEST BERRY STREET SUITE 1902 FORT WAYNE IN 46802 472474572 501(C)(3) 20000 GLS 2021 SUMMIT FW ISSUE MEDIA GROUP 5090 STATE STREET STE D 104 SAGINAW MI 48603 208773719 6000 UNDERWRITING SPONSORSHIP 1 1 SCHOLARSHIPS FOR TUITION & FEES 7245 32746059 SCHEDULE I, PART I, LINE 2 SCHOLARSHIPS ARE GIVEN TO INDIVIDUALS BASED ON NEED AND MERIT TO AID WITH TUITION AND FEES. SCHOLARSHIPS ARE A REDUCTION OF TUITION AND FEES AND PROVIDED DIRECTLY BY THE UNIVERSITY. RECORDS ARE MAINTAINED FOR ELIGIBILITY AND THE SELECTION CRITERIA. X true true X X X X X false true false false false false false false false KARL W EINOLF PRESIDENT 374321 0 46414 0 128409 0 70325 0 41403 0 660872 0 JUDY K ROY TREASURER 228574 0 0 0 1302 0 23824 0 24814 0 278514 0 STEPHEN P DUSSEAU PROFESSOR 157367 0 0 0 729 0 10357 0 32370 0 200823 0 MARGARET A CANALES PROFESSOR 134404 0 0 0 678 0 9825 0 23009 0 167916 0 KATHLEEN H WATLAND DEAN 133738 0 0 0 1386 0 13046 0 17784 0 165954 0 JEFFREY L WALLS PROFESSOR 131516 0 0 0 976 0 10036 0 29355 0 171883 0 MICHELLE R MUSOLF CONTROLLER 127057 0 0 0 592 0 12327 0 22440 0 162416 0 STEVEN A HERENDEEN VP ENROLLMENT MANAGEMENT 190153 0 0 0 2827 0 20100 0 36321 0 249401 0 DANIEL GRIGG VP INSTITUTIONAL ADVANCEMENT 181149 0 0 0 6131 0 18635 0 19989 0 225904 0 DANIEL J STOKER VP STUDENT AFFAIRS 143548 0 10000 0 553 0 14355 0 10772 0 179228 0 THOMAS E KAPLAN VP ACADEMIC AFFAIRS 176320 0 0 0 2152 0 18387 0 33763 0 230622 0 SCHEDULE J, PART I, LINE 1A A HOUSING ALLOWANCE IS PROVIDED FOR THE PRESIDENT AND REPORTED ON HIS W-2. THE PRESIDENT ALSO RECEIVES GROSSED UP PAYMENTS ON HIS W-2. SCHEDULE J, PART I, LINE 4C DR. EINOLF HAS A DEFERRED COMPENSATION PLAN AS DESCRIBED IN SECTION 457(F). THE PRESIDENT RECEIVED A PAYOUT PAYMENT FROM THE 457F PLAN ON 6/30/2020. THIS AMOUNT WAS REPORTED ON THE 2020 W-2 AND THREFORE IS REPORTED ON THE 2020 FORM 990. A INDIANA FINANCE AUTHORITY 2020 351602316 2020-12-30 21725000 CAPITAL PROJECTS AND REFINANCE 201 false false false B INDIANA FINANCE AUTHORITY 351602316 2018-01-02 29045000 CAPITAL PROJECTS & PARTIAL REFINAN false false false A 9550000 0 21725000 0 0 0 175000 0 0 12000000 0 0 2022 true false false true B 1005000 0 29045000 0 0 1659894 285106 0 0 27100000 0 0 2021 true false false true A false false false false 0 false false false true B false false false false 0 false false false true A true false false 0 false 0 false true B true false false 0 false 0 false true A true B true X 2 59179 FAIR MARKET VALUE false true false FORM 990, PART VI, SECTION B, LINE 1B KARL W. EINOLF AND SHERRILL L. HAMMAN ARE PAID EMPLOYEES OF INDIANA INSTITUTE OF TECHNOLOGY AND ARE THEREFORE CONSIDERED NON-INDEPENDENT VOTING MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT CPA FIRM COMPILES INFORMATION FOR THE FORM 990 AND RELATED SCHEDULES USING INFORMATION PROVIDED BY THE ORGANIZATION. THE FORM AND RELATED SCHEDULES ARE REVIEWED BY MANAGEMENT AND PROVIDED TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING. AFTER BOARD APPROVAL, FORM 990 AND SCHEDULES ARE FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE IS SENT TO ALL INTERESTED PERSONS. IF A MATTER ARISES AT A MEETING OF THE BOARD OR ONE OF ITS COMMITTEES, EVERY TRUSTEE SHALL DISCLOSE ANY POSSIBLE CONFLICT OF INTEREST AT THE ONSET OF THE DISCUSSION. FURTHER, THE TRUSTEE SHALL EXCUSE HIMSELF OR HERSELF FROM DISCUSSIONS OF, AND ABSTAIN FROM VOTING ON, ALL SUCH MATTERS UNDER CONSIDERATION BY THE BOARD OF TRUSTEES OR ANY OF ITS COMMITTEES. THE MINUTES OF SUCH MEETINGS SHALL REFLECT THAT DISCLOSURE WAS MADE AND THAT THE TRUSTEE WITH A CONFLICT OR POSSIBLE CONFLICT WAS ABSENT FROM DISCUSSIONS AND VOTING. FORM 990, PART VI, SECTION B, LINE 15A & 15B AN ANNUAL COMPENSATION REVIEW IS PERFORMED FOR THE PRESIDENT AND KEY EMPLOYEES. FOR THE PRESIDENT, THE REVIEW INCLUDES A COMPARABILITY STUDY OF SIMILAR NOT-FOR-PROFIT COLLEGES AND THEIR ASSOCIATED COMPENSATION RANGES, AS WELL AS A REVIEW OF GOALS SET FORTH AND ACHIEVED. THE BOARD OF DIRECTORS OVERSEES THIS REVIEW. THE PRESIDENT PERFORMS THE REVIEWS FOR KEY EMPLOYEES. THIS INCLUDES A REVIEW OF GOALS SET FORTH AND ACHIEVED. THIS PROCESS IS PERFORMED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE ALL AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 CHANGE IN VALUE OF PERPETUAL TRUST $55,602 INDEPENDENT COLLEGES OF INDIANA 30 SOUTH MERIDIAN INDIANAPOLIS IN 46204 310901001 EDUCATION IN 503(C)(3) 12A I NA false false false true false false false false false false false false false false false false false false false