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ILLINOIS INSTITUTE OF TECHNOLOGY: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
ILLINOIS INSTITUTE OF TECHNOLOGY (EIN 36-2170136)
Tax period
2019-06-01 to 2020-05-31
Filed
2021-03-05
IRS object ID
202110649349300541
Schema version
2019v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-03-05T15:00:32-06:00ReturnTs
Tax Period End2020-05-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN350921680PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CROWE LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1225 West Wacker Drive Suite 2600AddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP606061224ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-06-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN362170136EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Illinois Institute of TechnologyBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlILLIBusinessNameControlTxt
Phone3125673825PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13424 SOUTH STATE STREET TC-4 FLAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60616ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL HORANPersonNm
Person TitleVP FINANCE, CFO, & TREASURERPersonTitleTxt
Signature2021-03-05SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonNICOLE BENCIKPreparerPersonNm
PTINP00756195PTIN
Phone3128997000PhoneNum
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

FieldValueIRS element (for citing)
Business Name Line1Alan W CrambBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1SUITE 1900 10 W 35TH STREETAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60616ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$482,526,147GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.IIT.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1940FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionTO PROVIDE DISTINCTIVE AND RELEVANT EDUCATION IN AN ENVIRONMENT OF SCIENTIFIC, TECHNOLOGICAL, AND PROFESSIONAL KNOWLEDGE CREATION AND INNOVATION.ActivityOrMissionDesc
Voting Members Governing Body67VotingMembersGoverningBodyCnt
Voting Members Independent65VotingMembersIndependentCnt
Total Employee3986TotalEmployeeCnt
Total Volunteers104TotalVolunteersCnt
Total Gross UBI$340,902TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$84,788,322PYContributionsGrantsAmt
CY Contributions Grants$111,293,482CYContributionsGrantsAmt
PY Program Service Revenue$279,548,821PYProgramServiceRevenueAmt
CY Program Service Revenue$283,190,767CYProgramServiceRevenueAmt
PY Investment Income$14,372,887PYInvestmentIncomeAmt
CY Investment Income$15,133,129CYInvestmentIncomeAmt
PY Other Revenue$1,339,078PYOtherRevenueAmt
CY Other Revenue$849,474CYOtherRevenueAmt
PY Total Revenue$380,049,108PYTotalRevenueAmt
CY Total Revenue$410,466,852CYTotalRevenueAmt
PY Grants And Similar Paid$122,331,391PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$129,709,267CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$150,501,802PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$148,781,015CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$99,334PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$76,422CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$7,233,938CYTotalFundraisingExpenseAmt
PY Other Expenses$97,232,693PYOtherExpensesAmt
CY Other Expenses$90,645,881CYOtherExpensesAmt
PY Total Expenses$370,165,220PYTotalExpensesAmt
CY Total Expenses$369,212,585CYTotalExpensesAmt
PY Revenues Less Expenses$9,883,888PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$41,254,267CYRevenuesLessExpensesAmt
Total Assets BOY$631,734,129TotalAssetsBOYAmt
Total Assets EOY$667,676,047TotalAssetsEOYAmt
Total Liabilities BOY$244,512,256TotalLiabilitiesBOYAmt
Total Liabilities EOY$248,614,584TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$387,221,873NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$419,061,463NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO PROVIDE DISTINCTIVE AND RELEVANT EDUCATION IN AN ENVIRONMENT OF SCIENTIFIC, TECHNOLOGICAL, AND PROFESSIONAL KNOWLEDGE CREATION AND INNOVATION.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$232,405,383ExpenseAmt
Grant$129,709,267GrantAmt
Revenue$206,207,216RevenueAmt
DescINSTRUCTION SUPPORT:- Illinois Institute of Technology's (IIT) seven colleges allow students to discover new frontiers in engineering, computing, architecture, business, law, design, and science and human sciences. The school's nationally ranked undergraduate and graduate programs offer exceptional teaching that combines hands-on learning with training in entrepreneurship, design thinking, and technology. The University's emphasis on collaboration and interdisciplinary study and research will prepare students to work across traditional boundaries and to experience a professional future where success knows no limits. The University's signature Interprofessional Projects Program (IPRO) joins together students from various academic disciplines to work as a team to tackle real-world problems, often on behalf of companies and nonprofits that sponsor the projects, using design-centered methodology and innovative thinking. All undergraduate students are required to take six credit hours of IPRO courses. Each IPRO course is a unique project with teams that include the faculty and enrolled students. The courses encourage intellectual inquiry with research on the project subject, analysis, design, and development. Such experiential learning reinforces traditional education methods, providing students a richer academic experience allowing them to gain knowledge that goes beyond the regular classroom experience. IIT's Grainger Maker Space and the Duchossois Idea Shop facility serves as a catalyst for innovation and is composed of state-of-the-art rapid prototyping labs that include 3D printers, CNC mills, electronics workstations and many hand fabrication tools; a Dell laptop lab; an iPad library; a computer lab for mobile app development and video editing; collaborative teaming areas; and flexible open spaces. Under the College of Architecture is the university's Design/Build Studio where students can experience firsthand the entire life cycle of a small-building project. The projects are entirely designed and built by architecture students at the Illinois Institute of Technology's College of Architecture. These projects are located all over the world. From Chicago, to Germany, to Ghana, to Indonesia, to Chile, and Puerto Rico, students have traveled near and far to perform their designs. Design Build focuses on inspiring and teaching through its architecture. Instruction supports over 50 academic majors, more than 75 minors, and a variety of specializations and is made up of over 6,300 students, including 3,121 undergraduate, 2,416 graduate, 788 law students, and 17 students in continuing education programs. The University offered and awarded 623 bachelor, 1,159 master, 222 J.D., and 84 Ph.D. degrees during the 2020 academic year.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$41,251,800ExpenseAmt
Revenue$35,883,712RevenueAmt
DescRESEARCH:- Research is the hallmark of our culture of excellence. Our faculty, students, and staff are leading bold research and discovery in fields where technology and innovation are creating significant, meaningful change. Throughout our colleges and research centers, and in topics as varied as energy, theoretical physics, and social justice, our research reflects our commitment to scientific, technological, and professional knowledge creation and innovation. Research awards received in fiscal year 2020 were $32 million. The University received awards in the areas of science, engineering, technology, and mathematics all of which are synergistic with the strategic plan. Notably, the Electrical and Computer Engineering Department received 22 awards totaling $3.8 million and the Computer Science Department received 28 awards for $1.3 million. Also, the Biomedical Engineering Department received 21 awards for $3 million, the Biological Science Department 13 awards for $2.4 million, Mechanical Material and Aerospace Engineering 35 awards totaling $2.8 million, Physics Department 30 awards totaling $3.4 million and the Department of Psychology 8 awards for $1.2 million. In addition, the National Center for Food Safety and Technology received 21 awards totaling $5.7 million.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$14,662,116ExpenseAmt
Revenue$14,056,420RevenueAmt
DescAUXILIARY SERVICES:- This provides for campus housing and dining for the students and includes residence halls and a dining room, apartment-style buildings, seven fraternity houses, and two sorority houses.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (2 entries)

ExpenseExpenseAmtRevenueRevenueAmtDescDesc
$14,343,189$19,551,218STUDENT SERVICES:- This program provides health, academic, career services, transitional assistance, student orientation and other student services including the student finance center, admissions, and registration.
$13,344,505$7,151,182ACADEMIC SUPPORT:- IIT provides students with the information skills to compete in today's challenging and rapidly changing environment through its several libraries and academic computing centers allowing students access to terminals. In addition, the Academic Resource Center office offers several programs that provide peer tutoring, exam reviews, advising and counseling.
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$27,687,694TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue$26,702,400TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$316,006,993TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesYes (true)LobbyingActivitiesInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficeYes (true)ForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingYes (true)ProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsYes (true)TaxExemptBondsInd
Invest Tax Exempt BondsfalseInvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntYes (true)BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntYes (true)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (true)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
IRP Document6725IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee3986EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountYes (true)ForeignFinancialAccountInd
Foreign CountryINForeignCountryCd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsYes (true)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (true)QuidProQuoContriDisclInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members67GoverningBodyVotingMembersCnt
Independent Voting Member65IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsYes (true)ChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldMDStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldSCStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MICHAEL HORANBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3125673825PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13424 SOUTH STATE STREET TC-4TH FLAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60616ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (95 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
A Steven Crown
Vice Chair1.00.0Yes (X)Yes (X)$0$0$0
Alan Cramb
President39.01.0Yes (X)Yes (X)$862,033$0$48,160
Ellen M Jordan
Vice Chair1.00.0Yes (X)Yes (X)$0$0$0
Michael P Galvin
Chairman of the Board1.00.0Yes (X)Yes (X)$0$0$0
Thomas E Lanctot
Vice Chair1.00.0Yes (X)Yes (X)$0$0$0
Alan W Wendorf
Trustee1.00.0Yes (X)$0$0$0
Andrea L Berry
Trustee1.00.0Yes (X)$0$0$0
Anita M Nagler
Trustee1.00.0Yes (X)$0$0$0
Brian C Walker
Trustee1.00.0Yes (X)$0$0$0
Bruce C Liimatainen
Trustee1.00.0Yes (X)$0$0$0
Bryan R Dunn
Trustee1.00.0Yes (X)$0$0$0
Carl S Spetzler
Trustee1.00.0Yes (X)$0$0$0
Carole Browe Segal
Trustee1.00.0Yes (X)$0$0$0
Carter H Eckert
Trustee1.00.0Yes (X)$0$0$0
Craig J Duchossois
Trustee1.00.0Yes (X)$0$0$0
David J Miniat
Partial Year Trustee1.00.0Yes (X)$0$0$0
David J Vitale
Trustee1.00.0Yes (X)$0$0$0
David L Crowell
Trustee1.00.0Yes (X)$0$0$0
Douglas M Monieson
Trustee1.00.0Yes (X)$0$0$0
Edward L Kaplan
Trustee1.00.0Yes (X)$0$0$0
Efthimios J Stojka
Trustee1.00.0Yes (X)$0$0$0
Eric C Larson
Trustee1.00.0Yes (X)$0$0$0
Eric G Vassilatos
Trustee1.00.0Yes (X)$0$0$0
Frank Clark III
Trustee1.00.0Yes (X)$0$0$0
Harold Singleton III
Trustee1.00.0Yes (X)$0$0$0
James Dugan
Trustee1.00.0Yes (X)$0$0$0
James E Cowie
Trustee1.00.0Yes (X)$0$0$0
James Hill Jr
Trustee1.00.0Yes (X)$0$0$0
Jamshyd N Godrej
Trustee1.00.0Yes (X)$0$0$0
Jeffrey A Karp
Trustee1.00.0Yes (X)$0$0$0
Jenny Niemann
Trustee1.00.0Yes (X)$0$0$0
Jimmy A Akintonde
Trustee1.00.0Yes (X)$0$0$0
Joel D Krauss
Trustee1.00.0Yes (X)$0$0$0
John C Walden
Trustee1.00.0Yes (X)$0$0$0
John G Olin
Trustee1.00.0Yes (X)$0$0$0
John Krenhbiel Jr
Trustee1.00.0Yes (X)$0$0$0
John P Calamos Sr
Trustee1.00.0Yes (X)$0$0$0
John W Rowe
Trustee1.00.0Yes (X)$0$0$0
Judson B Althoff
Trustee1.00.0Yes (X)$0$0$0
Jules F Knapp
Partial Year Trustee1.00.0Yes (X)$0$0$0
Kaarina Koskenalusta
Trustee1.00.0Yes (X)$0$0$0
Karen R Klein
Trustee1.00.0Yes (X)$0$0$0
Kathleen Brandenburg
Trustee1.00.0Yes (X)$0$0$0
Kevin W Willer
Trustee1.00.0Yes (X)$0$0$0
Madhavan K Nayar
Partial Year Trustee1.00.0Yes (X)$0$0$0
Marc R Hannah
Trustee1.00.0Yes (X)$0$0$0
Mark P Sexton
Trustee1.00.0Yes (X)$0$0$0
Martin C Jischke
Trustee1.00.0Yes (X)$0$0$0
Martin Cooper
Trustee1.00.0Yes (X)$0$0$0
Mayari Pritzker
Trustee1.00.0Yes (X)$0$0$0
Michael J Graff
Trustee1.00.0Yes (X)$0$0$0
Michael Palumbo
Trustee1.00.0Yes (X)$0$0$0
Michael Steven Seedman
Partial Year Trustee1.00.0Yes (X)$0$0$0
Mitchell Harris Saranow
Partial Year Trustee1.00.0Yes (X)$0$0$0
Norbert O Kaiser
Trustee1.00.0Yes (X)$0$0$0
Pallavi Verma
Trustee1.00.0Yes (X)$0$0$0
Patrick J Kelly
Trustee1.00.0Yes (X)$0$0$0
Priscilla Anne Walter
Trustee1.00.0Yes (X)$0$0$0
Ralph Wanger
Trustee1.00.0Yes (X)$0$0$0
Richard Neil Levy
Trustee1.00.0Yes (X)$0$0$0
Robert A Cornog
Trustee1.00.0Yes (X)$0$0$0
Robert D Hoel
Trustee1.00.0Yes (X)$0$0$0
Robert J Potter
Trustee1.00.0Yes (X)$0$0$0
Robert J Washlow
Trustee1.00.0Yes (X)$0$0$0
Rohit Prasad
Trustee1.00.0Yes (X)$0$0$0
Rosemarie Mitchell
Trustee1.00.0Yes (X)$0$0$0
S Christopher Gladwin
Trustee1.00.0Yes (X)$0$0$0
Sherrie B Littlejohn
Trustee1.00.0Yes (X)$0$0$0
Stephen C Urrutia
Trustee1.00.0Yes (X)$0$0$0
Victor A Morgenstern
Trustee1.00.0Yes (X)$0$0$0
Victor Lo
Trustee1.00.0Yes (X)$0$0$0
Victoria L Noonan
Trustee1.00.0Yes (X)$0$0$0
Williams C Bartholomay
Partial Year Trustee1.00.0Yes (X)$0$0$0
Anthony D'Amato
Vice Pres, Genr'l Cnsl & Secretary39.01.0Yes (X)$262,744$0$31,502
Betsy Hughes
Vice Pres, Inst Advancement termed on 5/10/1939.00.0Yes (X)$207,503$0$25,482
Darsh Wasan
Vice President for International Affairs/Distinguised Professor,ChBE39.00.0Yes (X)$305,161$0$40,474
Edwin Watts
VP Admnstrn/Facilities/Pub Safety39.00.0Yes (X)$286,923$0$25,355
Ernest Iseminger
Vice Pres, Inst Advancement effective 9/16/19.39.00.0Yes (X)$130,332$0$10,836
Jess Goode
Vice President, Extn'l Affairs39.00.0Yes (X)$227,146$0$20,379
Michael Gosz
VP, Enrlmt/Vice Prov/AssocProf39.00.0Yes (X)$287,502$0$46,481
Michael Horan
VP Finance, CFO, Treasurer39.01.0Yes (X)$301,388$0$32,357
Ophir Trigalo
Vice Provost, CIO39.00.0Yes (X)$281,215$0$48,161
Peter Kilpatrick
Provost, SVP Academic Affairs39.01.0Yes (X)$458,177$0$39,469
Harold Krent
Dean College of Law thru 7/31/19/Professor of Law39.00.0$373,742$0$42,918Yes (X)
John Bilson
Dean39.00.0$310,200$0$40,474Yes (X)
Michelangelo Sabatino
Dean College of Architecture thru 7/31/19/Professor Architecture39.00.0$294,256$0$35,110Yes (X)
Natacha DePaola
Kaplan Dean of Engineering39.00.0$424,623$0$47,933Yes (X)
Robert Brackett
Vice President/Professor39.00.0$323,730$0$32,855Yes (X)
Hamid Arastoopour
Director, WISER/Professor39.00.0$340,828$0$40,629Yes (X)
Heather Harper
Associate Clinical Professor39.00.0$501,057$0$37,583Yes (X)
Jafar Saniie
Dept. Chair & Filmer Professor39.00.0$301,728$0$33,321Yes (X)
Mohammad Shahidehpour
Distinguished Bodine Professor39.00.0$387,910$0$47,933Yes (X)
Philip Nash
Professor39.00.0$308,583$0$9,905Yes (X)
Russell Betts
Distinguished Professor / Former officer38.80.0$258,926$0$19,845Yes (X)
Wiel Arets
Professor / Former key employee38.80.0$216,780$0$19,287Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$7,652,487TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$776,449TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K375IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (true)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
Corvias Development LLC
1405 South County TrailEast GrenwichRI02818Construction$9,018,038
Chartwells Dining
PO Box 91337ChicagoIL60693Food Service Provider$8,539,205
GCA Services Group
1350 Euclid AvenueClevelandOH44115Janitorial service$4,014,782
SOS Security LLC
PO Box 6373ParsippanyNJ07054Security service$2,527,961
Ventas Inc
353 North Clark StreetChicagoIL60654Real estate rental service$2,395,218
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K100CntrctRcvdGreaterThan100KCnt
Fundraising$442,899FundraisingAmt
Government Grants$41,237,650GovernmentGrantsAmt
All Other Contributions$69,612,933AllOtherContributionsAmt
Noncash Contributions$4,804,996NoncashContributionsAmt
Total Contributions$111,293,482TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
Tuition and Fees611310$248,217,307$248,217,307
Sales/Services of Auxiliary Enterprises722320$14,397,439$14,056,420$341,019
Student Services611710$18,951,622$18,951,622
Equity Interest on IITRI900000$1,624,399$1,624,399

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$283,190,767TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,330,045TotalRevenueColumnAmt
Exclusion$5,330,045ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$1,219,052RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$108,517RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$1,110,535RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,110,535TotalRevenueColumnAmt
Unrelated Business Revenue-$2,238UnrelatedBusinessRevenueAmt
Exclusion$1,112,773ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$80,983,000SecuritiesAmt
Other$477,801OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$71,583,858SecuritiesAmt
Other$73,859OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$9,399,142SecuritiesAmt
Other$403,942OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$9,803,084TotalRevenueColumnAmt
Unrelated Business Revenue$2,121UnrelatedBusinessRevenueAmt
Exclusion$9,800,963ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$32,000FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$442,899ContriRptFundraisingEventAmt
Fundraising Direct Expenses$293,061FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$261,061TotalRevenueColumnAmt
Exclusion-$261,061ExclusionAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$0OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$410,466,852TotalRevenueColumnAmt
Related Or Exempt Func Income$282,849,748RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$340,902UnrelatedBusinessRevenueAmt
Exclusion$15,982,720ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$129,709,267TotalAmt
Program Services$129,709,267ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$6,982,960TotalAmt
Program Services$2,308,932ProgramServicesAmt
Management And General$2,681,668ManagementAndGeneralAmt
Fundraising$1,992,360FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$379,680TotalAmt
Program Services$151,872ProgramServicesAmt
Management And General$113,904ManagementAndGeneralAmt
Fundraising$113,904FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$115,212,500TotalAmt
Program Services$95,038,891ProgramServicesAmt
Management And General$17,105,873ManagementAndGeneralAmt
Fundraising$3,067,736FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$6,014,466TotalAmt
Program Services$4,694,895ProgramServicesAmt
Management And General$1,105,616ManagementAndGeneralAmt
Fundraising$213,955FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$14,078,199TotalAmt
Program Services$11,923,440ProgramServicesAmt
Management And General$1,683,056ManagementAndGeneralAmt
Fundraising$471,703FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$6,113,210TotalAmt
Program Services$4,766,694ProgramServicesAmt
Management And General$1,113,174ManagementAndGeneralAmt
Fundraising$233,342FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$52,040TotalAmt
Program Services$33,165ProgramServicesAmt
Management And General$18,875ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$184,819TotalAmt
Program Services$681ProgramServicesAmt
Management And General$184,138ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$121,500TotalAmt
Management And General$121,500ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$76,422TotalAmt
Fundraising$76,422FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$847,720TotalAmt
Management And General$847,720ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$27,279,372TotalAmt
Program Services$18,762,600ProgramServicesAmt
Management And General$8,139,607ManagementAndGeneralAmt
Fundraising$377,165FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$846,778TotalAmt
Program Services$719,157ProgramServicesAmt
Management And General$126,807ManagementAndGeneralAmt
Fundraising$814FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$5,923,531TotalAmt
Program Services$4,215,376ProgramServicesAmt
Management And General$1,155,375ManagementAndGeneralAmt
Fundraising$552,780FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$3,210,443TotalAmt
Program Services$1,132,705ProgramServicesAmt
Management And General$2,048,487ManagementAndGeneralAmt
Fundraising$29,251FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$26,541,599TotalAmt
Program Services$23,533,679ProgramServicesAmt
Management And General$3,007,920ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$2,164,903TotalAmt
Program Services$1,792,399ProgramServicesAmt
Management And General$274,376ManagementAndGeneralAmt
Fundraising$98,128FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$191,756TotalAmt
Program Services$150,281ProgramServicesAmt
Management And General$35,097ManagementAndGeneralAmt
Fundraising$6,378FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$7,779,841TotalAmt
Program Services$5,431,660ProgramServicesAmt
Management And General$2,348,181ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$14,831,368TotalAmt
Program Services$11,641,299ProgramServicesAmt
Management And General$3,190,069ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$670,211TotalAmt
Management And General$670,211ManagementAndGeneralAmt

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$369,212,585TotalAmt
Program Services$316,006,993ProgramServicesAmt
Management And General$45,971,654ManagementAndGeneralAmt
Fundraising$7,233,938FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$3,012,287BOYAmt
EOY$2,144,758EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$293,787BOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$22,522,934BOYAmt
EOY$35,606,057EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$6,364,548BOYAmt
EOY$8,250,278EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$1,999,627BOYAmt
EOY$2,790,579EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$622,426,740LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$306,749,264LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$302,662,613BOYAmt
EOY$315,677,476EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$245,466,896BOYAmt
EOY$254,479,292EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$1,053,908BOYAmt
EOY$478,865EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$25,970,724BOYAmt
EOY$26,004,044EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$22,386,805BOYAmt
EOY$22,244,698EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$631,734,129BOYAmt
EOY$667,676,047EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$30,203,930BOYAmt
EOY$32,017,956EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$10,370,141BOYAmt
EOY$11,240,117EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$175,374,998BOYAmt
EOY$161,688,999EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$14,000,000BOYAmt
EOY$19,775,000EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$14,563,187BOYAmt
EOY$23,892,512EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$244,512,256BOYAmt
EOY$248,614,584EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$151,624,332BOYAmt
EOY$163,466,890EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$235,597,541BOYAmt
EOY$255,594,573EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$387,221,873BOYAmt
EOY$419,061,463EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$631,734,129BOYAmt
EOY$667,676,047EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$41,254,267ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$8,721,322NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$693,355OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$70,771,692CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$58,277,789CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$63,052,564CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$84,788,322CurrentTaxYearMinus1YearAmt
Current Tax Year$111,293,482CurrentTaxYearAmt
Total$388,183,849TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$70,771,692CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$58,277,789CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$63,052,564CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$84,788,322CurrentTaxYearMinus1YearAmt
Current Tax Year$111,293,482CurrentTaxYearAmt
Total$388,183,849TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$34,905,914SubstantialContributorsTotAmt
Public Support Total170$353,277,935PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,450,043CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,610,143CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$7,715,863CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,199,534CurrentTaxYearMinus1YearAmt
Current Tax Year$6,549,097CurrentTaxYearAmt
Total$32,524,680TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$45,025CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$56,440CurrentTaxYearMinus1YearAmt
Current Tax Year$32,000CurrentTaxYearAmt
Total$133,465TotalAmt
FieldValueIRS element (for citing)
Total Support$420,841,994TotalSupportAmt
Gross Receipts Rltd Activities$1,409,375,921GrossReceiptsRltdActivitiesAmt
Public Support CY1700.8395PublicSupportCY170Pct
Public Support PY1700.909PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule A, Part II, Line 10 Other IncomeFormAndLineReferenceDesc
ExplanationDESCRIPTION - GROSS INCOME FROM FUNDRAISING EVENTS, COLUMN A - , COLUMN B - , COLUMN C - 45025.0, COLUMN D - 56440.0, COLUMN E - 32000.0, COLUMN F - 133465.0;ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
VolunteersfalseVolunteersInd
Paid Staff Or ManagementYes (true)PaidStaffOrManagementInd
Media AdvertisementsfalseMediaAdvertisementsInd
Mailings MembersfalseMailingsMembersInd
Publications Or BroadcastfalsePublicationsOrBroadcastInd
Grants Other OrganizationsfalseGrantsOtherOrganizationsInd
Direct Contact LegislatorsYes (true)DirectContactLegislatorsInd
Direct Contact Legislators$121,500DirectContactLegislatorsAmt
Rallies DemonstrationsfalseRalliesDemonstrationsInd
Other ActivitiesfalseOtherActivitiesInd
Total Lobbying Expenditures$121,500TotalLobbyingExpendituresAmt
Not Described Section501c3falseNotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITYFormAndLineReferenceDesc
ExplanationTHOMSON COBURN WAS RETAINED TO HELP WITH FEDERAL LOBBY REGISTRATION AND DISCLOSURE REQUIREMENTS. IIT WAS REPRESENTED BY ALL CIRCO INC. AND NOBLE VENTURES FOR DEVELOPMENT OF LEGISLATIVE STRATEGY AND AS LIAISON WITH THE OFFICE OF THE GOVERNOR AND OTHER STATE AND CITY AGENCIES AS DIRECTED BY IIT. IN ADDITION, IIT'S VICE PRESIDENT AND ASSOCIATE VICE PRESIDENT FOR EXTERNAL AFFAIRS INTERACT WITH FEDERAL, STATE, AND LOCAL OFFICIALS REGARDING SUCH MATTERS.ExplanationTxt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$242,994,501BeginningYearBalanceAmt
Contributions$18,590,000ContributionsAmt
Investment Earnings Or Losses$6,574,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$6,212,900GrantsOrScholarshipsAmt
Other Expenditures$5,983,100OtherExpendituresAmt
End Year Balance$255,962,501EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$251,798,501BeginningYearBalanceAmt
Contributions$1,349,000ContributionsAmt
Investment Earnings Or Losses$2,074,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$6,065,360GrantsOrScholarshipsAmt
Other Expenditures$6,161,640OtherExpendituresAmt
End Year Balance$242,994,501EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$243,746,501BeginningYearBalanceAmt
Contributions$5,825,000ContributionsAmt
Investment Earnings Or Losses$14,727,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$5,671,397GrantsOrScholarshipsAmt
Other Expenditures$6,828,603OtherExpendituresAmt
End Year Balance$251,798,501EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$226,847,501BeginningYearBalanceAmt
Contributions$2,246,000ContributionsAmt
Investment Earnings Or Losses$27,253,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$5,903,690GrantsOrScholarshipsAmt
Other Expenditures$6,696,310OtherExpendituresAmt
End Year Balance$243,746,501EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$240,752,501BeginningYearBalanceAmt
Contributions$4,929,000ContributionsAmt
Investment Earnings Or Losses-$6,234,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$5,407,125GrantsOrScholarshipsAmt
Other Expenditures$7,192,875OtherExpendituresAmt
End Year Balance$226,847,501EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.25BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.75PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.0TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$19,594,593OtherCostOrOtherBasisAmt
Book Value$19,594,593BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$475,009,611OtherCostOrOtherBasisAmt
Depreciation$237,980,641DepreciationAmt
Book Value$237,028,970BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$4,497,011OtherCostOrOtherBasisAmt
Depreciation$4,497,011DepreciationAmt
Book Value$0BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$94,067,261OtherCostOrOtherBasisAmt
Depreciation$63,679,296DepreciationAmt
Book Value$30,387,965BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$29,258,264OtherCostOrOtherBasisAmt
Depreciation$592,316DepreciationAmt
Book Value$28,665,948BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$315,677,476TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (8 entries)

DescDescAmtAmt
Advances from U.S. Government for student loans$5,356,078
Obligation under split interest$684,420
Deposits by students & others$1,354,499
Postretirement benefit obligation$1,055,570
Asset retirement obligation$936,983
Lease liability$1,422,379
Bond Premium Payable$14,938,017
Cost of Issuance-$1,855,434
FieldValueIRS element (for citing)
Total Liability$23,892,512TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule D, Part V, Line 4 Intended uses of endowment fundsThe purpose of the endowment funds is to facilitate donors' desires to make substantial long-term gifts to the University and to develop a new and significant source of revenue for the University. In doing so, the endowment fund will provide a secure, long-term source of funds to: (a) fund special programs; (b) ensure long-term growth; (c) enhance the University's ability to meet changing community needs; and (d) support the administrative expenses of the University as deemed appropriate.
Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnoteThe University has received a determination letter from the Internal Revenue Service (IRS) stating that they are exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code except for tax on unrelated business income. It is management's belief that none of its activities have produced material unrelated business income, and that the University has operated in a manner that qualifies it for tax-exempt status. U.S. generally accepted accounting principles require University management to evaluate tax positions taken by the University and recognize a tax liability (or asset) if the University has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. Management has analyzed tax positions taken by the University and has concluded that as of May 31, 2020 and 2019, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the consolidated financial statements. The University is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The University management believes it is no longer subject to income tax examinations for years prior to 2017.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (true)GovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICYPOLICY PUBLISHED YEARLY IN VARIOUS STUDENT BULLETINS. IT ALSO APPEARS ON APPLICATIONS, AND OTHER FORMS, AND IT IS POSTED ON THE UNIVERSITY'S WEBSITE.
Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTDepartment of Education:- Federal Supplemental Education Opportunity Grants Federal Direct Loans Federal Work Study Program Federal Pell Grant Program Federal Higher Education- Emergency Relief Funds Illinois Student Assistance Commission:- Illinois Monetary Award Program Grants Grant Program for Descendants of Police, Fire, or Correctional Officers

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (5 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
Europe (Including Iceland and Greenland)02Program ServicesSTUDENT RECRUITING.$145,145
South Asia33Program ServicesFACILITATE DELIVERY OF ON-LINE EDUCATIONAL PROGRAMS AND STUDENT RECRUITING.$257,936
East Asia and the Pacific03Program ServicesSTUDENT RECRUITING AND ON-LINE MAS DEGREE PROGRAM.$373,636
South America01Program ServicesSTUDENT RECRUITING.$62,205
Central America and the CaribbeanInvestments$3,337,000
FieldValueIRS element (for citing)
Subtotal Offices3SubtotalOfficesCnt
Subtotal Employees9SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office3TotalOfficeCnt
Total Employee9TotalEmployeeCnt
Subtotal Spent$4,175,922SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$4,175,922TotalSpentAmt
Transfer To Foreign CorpYes (true)TransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipYes (true)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (true)PassiveForeignInvestmestCoInd
Foreign PartnershipfalseForeignPartnershipInd
Boycott CountriesfalseBoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule F, Part I, Line 3 DESCRIPTION OF ACTIVITY OUTSIDE UNITED STATESFormAndLineReferenceDesc
ExplanationEUROPE/SOUTH AMERICA: IIT IS MAINLY ENGAGED IN THE RECRUITMENT OF EUROPEAN AND LATIN AMERICAN STUDENTS TO THE PROGRAMS OF THE UNIVERSITY OFFERED AT IIT'S CHICAGO CAMPUS. SOUTH ASIA: TO FACILITATE IIT'S ABILITY TO DELIVER LONG DISTANCE INTERNET-BASED EDUCATIONAL PROGRAMS TO RESIDENTS OF VARIOUS CITIES IN INDIA AND THE RECRUITMENT OF INDIAN STUDENTS TO THE PROGRAMS OF THE UNIVERSITY OFFERED AT IIT'S CHICAGO CAMPUS. EAST ASIA AND PACIFIC: IIT IS MAINLY ENGAGED IN THE RECRUITMENT OF STUDENTS FROM EAST ASIA AND THE PACIFIC TO THE PROGRAMS OF THE UNIVERSITY OFFERED AT IIT'S CHICAGO CAMPUS.ExplanationTxt

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Mail SolicitationsYes (X)MailSolicitationsInd
Email SolicitationsYes (X)EmailSolicitationsInd
Phone SolicitationsYes (X)PhoneSolicitationsInd
In Person SolicitationsYes (X)InPersonSolicitationsInd
Solicitation Of Non Govt GrantsYes (X)SolicitationOfNonGovtGrantsInd
Solicitation Of Govt GrantsYes (X)SolicitationOfGovtGrantsInd
Special Fundraising EventsYes (X)SpecialFundraisingEventsInd
Agrmt Prof Fundraising ActyYes (true)AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdActivityActivityTxtFundraiser Control Of FundsFundraiserControlOfFundsIndGross ReceiptsGrossReceiptsAmtRetained By ContractorRetainedByContractorAmtNet To OrganizationNetToOrganizationAmt
Ruffalo Noel Levitz LLC
1025 Kirkwood Pkwy SWCedar RapidsIA52404PHONE SOLICITINGfalse$29,396$24,787$4,609
WASHBURN & MCGOLDRICK LLC
24 N Bryn Mawr Avenue Suite 252Bryn MawrPA19010CONSULT ON RAISING FUNDSfalse$30,395-$30,395
Ruffalo Noel Levitz
1025 Kirkwood Pkwy SWCedar RapidsIA52404FUND RAISING SOFTWAREfalse$21,240-$21,240
FieldValueIRS element (for citing)
Total Gross Receipts$29,396TotalGrossReceiptsAmt
Total Retained By Contractors$76,422TotalRetainedByContractorsAmt
Total Net To Organization-$47,026TotalNetToOrganizationAmt
Licensed StatesCTLicensedStatesCd
Licensed StatesFLLicensedStatesCd
Licensed StatesMDLicensedStatesCd
Licensed StatesORLicensedStatesCd
Licensed StatesSCLicensedStatesCd

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1Tech-X AwardEvent1Nm
Gross Receipts Event1$395,682GrossReceiptsEvent1Amt
Charitable Contri Event1$363,682CharitableContriEvent1Amt
Gross Revenue Event1$32,000GrossRevenueEvent1Amt
Rent Facility Costs Event1$25,000RentFacilityCostsEvent1Amt
Food And Beverage Event1$63,625FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$138,157OtherDirectExpensesEvent1Amt
Event2Global GatheringEvent2Nm
Gross Receipts Event2$31,500GrossReceiptsEvent2Amt
Charitable Contri Event2$31,500CharitableContriEvent2Amt
Gross Revenue Event2$0GrossRevenueEvent2Amt
Rent Facility Costs Event2$9,616RentFacilityCostsEvent2Amt
Food And Beverage Event2$8,142FoodAndBeverageEvent2Amt
Entertainment Event2$626EntertainmentEvent2Amt
Other Direct Expenses Event2$6,888OtherDirectExpensesEvent2Amt
Other Events Total2OtherEventsTotalCnt
Gross Receipts Other Events$47,717GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$47,717CharitableContriOtherEventsAmt
Gross Revenue Other Events$0GrossRevenueOtherEventsAmt
Rent Fclty Costs Other Events$902RentFcltyCostsOtherEventsAmt
Food And Beverage Other Events$5,633FoodAndBeverageOtherEventsAmt
Entertainment Other Events$4,000EntertainmentOtherEventsAmt
Oth Direct Expnss Other Events$30,472OthDirectExpnssOtherEventsAmt
Gross Receipts Total$474,899GrossReceiptsTotalAmt
Charitable Contributions Tot$442,899CharitableContributionsTotAmt
Gross Revenue Total Events$32,000GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$35,518RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$77,400FoodAndBeverageTotalEventsAmt
Entertainment Total Events$4,626EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$175,517OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$293,061DirectExpenseSummaryEventsAmt
Net Income Summary-$261,061NetIncomeSummaryAmt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule G, Part I, Line 2b(v) Amounts paid to fundraiserWashburn & McGoldrick LLC was engaged to increase private philanthropic support for IIT's operating budget, endowment and facilities. All of these resources are intended to enhance the educational purposes of the institution. Washburn & McGoldrick LLC do not at any time have custody or control of contributions. IIT exercises control and approval over the content and volume of any solicitation as Washburn & McGoldrick LLC never conducts solicitations on IIT's behalf. Payments for services are based on a monthly retainer and a per diem rate. Expenses are billed separately as expended and at cost, for travel, overnight accommodations, meals, and out-of-pocket expenses. Ruffalo Noel Levitz LLC conducted telephone fundraising campaigns for IIT and provided services to secure pledges and donations to support the educational mission of IIT. Their services related to the concept, design and strategies of the campaign and telephone solicitations to individuals identified on lists supplied by IIT. All funds raised were controlled by IIT. Ruffalo Noel Levitz LLC was paid fees for services provided in conducting the telephone fundraising campaigns. In addition, Ruffalo Noel Levitz LLC's proprietary, white-labeled crowdfunding software and Giving Day Module allowed IIT to showcase institutional initiatives through a custom-branded website and thematic framework.
Schedule G, Part I, Line 2b(ii) Describe the custody or control arrangement.RUFFALO NOEL LEVITZ, LLC-RUFFALO NOEL LEVITZ LLC CONDUCTED TELEPHONE FUNDRAISING CAMPAIGNS FOR IIT AND PROVIDED SERVICES TO SECURE PLEDGES AND DONATIONS TO SUPPORT THE EDUCATIONAL MISSION OF IIT. THEIR SERVICES RELATED TO THE CONCEPT, DESIGN AND STRATEGIES OF THE CAMPAIGN AND TELEPHONE SOLICITATIONS TO INDIVIDUALS IDENTIFIED ON LISTS SUPPLIED BY IIT. ALL FUNDS RAISED WERE CONTROLLED BY IIT. RUFFALO NOEL LEVITZ LLC WAS PAID FEES FOR SERVICES PROVIDED IN CONDUCTING THE TELEPHONE FUNDRAISING CAMPAIGNS.;WASHBURN & MCGOLDRICK LLC-WASHBURN & MCGOLDRICK LLC WAS ENGAGED TO INCREASE PRIVATE PHILANTHROPIC SUPPORT FOR IIT'S OPERATING BUDGET, ENDOWMENT AND FACILITIES. ALL OF THESE RESOURCES ARE INTENDED TO ENHANCE THE EDUCATIONAL PURPOSES OF THE INSTITUTION. WASHBURN & MCGOLDRICK LLC DO NOT AT ANY TIME HAVE CUSTODY OR CONTROL OF CONTRIBUTIONS. IIT EXERCISES CONTROL AND APPROVAL OVER THE CONTENT AND VOLUME OF ANY SOLICITATION AS WASHBURN & MCGOLDRICK LLC NEVER CONDUCTS SOLICITATIONS ON IIT'S BEHALF. PAYMENTS FOR SERVICES ARE BASED ON A MONTHLY RETAINER AND A PER DIEM RATE. EXPENSES ARE BILLED SEPARATELY AS EXPENDED AND AT COST, FOR TRAVEL, OVERNIGHT ACCOMMODATIONS, MEALS, AND OUT-OF-POCKET EXPENSES.;RUFFALO NOEL LEVITZ-RUFFALO NOEL LEVITZ ALSO PROVIDED SERVICES FOR WHITE-LABELED CROWDFUNDING SOFTWARE AND GIVING DAY MODULE TO SHOWCASE INSTITUTIONAL INITIATIVES THROUGH A CUSTOM-BRANDED WEBSITE AND THEMATIC FRAMEWORK.;
Schedule G, Part I, Line 2b(v) payment of fees or payment of expensesRUFFALO NOEL LEVITZ, LLC-PAYMENT OF FEES.;WASHBURN & MCGOLDRICK LLC-PAYMENT OF FEES.;RUFFALO NOEL LEVITZ-PAYMENT ONLY FOR SOFTWARE.;

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIPSGrantTypeTxt
Recipient6587RecipientCnt
Cash Grant$129,709,267CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule I, Part I, Line 2 Procedures for monitoring use of grant funds.FormAndLineReferenceDesc
ExplanationTHE USE OF GRANT FUNDS IS MONITORED THROUGH A GRANT MANAGEMENT SYSTEM.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (22 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Alan Cramb
President$664,175$0$172,000$0$25,858$0$25,200$0$22,960$0$910,193$0$0$0
Peter Kilpatrick
Provost, SVP Academic Affairs$435,613$0$0$0$22,564$0$25,200$0$14,269$0$497,646$0$0$0
Darsh Wasan
Vice President for International Affairs/Distinguised Professor,ChBE$276,389$0$25,773$0$2,999$0$25,200$0$15,274$0$345,635$0$0$0
Michael Horan
VP Finance, CFO, Treasurer$297,824$0$0$0$3,564$0$25,200$0$7,157$0$333,745$0$0$0
Michael Gosz
VP, Enrlmt/Vice Prov/AssocProf$286,260$0$0$0$1,242$0$25,200$0$21,281$0$333,983$0$0$0
Ophir Trigalo
Vice Provost, CIO$278,893$0$0$0$2,322$0$25,200$0$22,961$0$329,376$0$0$0
Edwin Watts
VP Admnstrn/Facilities/Pub Safety$283,359$0$0$0$3,564$0$25,200$0$155$0$312,278$0$0$0
Anthony D'Amato
Vice Pres, Genr'l Cnsl & Secretary$261,934$0$0$0$810$0$24,013$0$7,489$0$294,246$0$0$0
Jess Goode
Vice President, Extn'l Affairs$226,439$0$0$0$707$0$20,379$0$0$0$247,525$0$0$0
Betsy Hughes
Vice Pres, Inst Advancement termed on 5/10/19$172,920$0$33,615$0$968$0$15,915$0$9,567$0$232,985$0$0$0
Natacha DePaola
Kaplan Dean of Engineering$403,301$0$0$0$21,322$0$25,200$0$22,733$0$472,556$0$0$0
Harold Krent
Dean College of Law thru 7/31/19/Professor of Law$338,803$0$0$0$34,939$0$25,200$0$17,718$0$416,660$0$0$0
Robert Brackett
Vice President/Professor$318,076$0$0$0$5,654$0$25,200$0$7,655$0$356,585$0$0$0
John Bilson
Dean$304,448$0$0$0$5,752$0$25,200$0$15,274$0$350,674$0$0$0
Michelangelo Sabatino
Dean College of Architecture thru 7/31/19/Professor Architecture$222,501$0$70,752$0$1,003$0$20,682$0$14,428$0$329,366$0$0$0
Heather Harper
Associate Clinical Professor$155,170$0$345,585$0$302$0$14,850$0$22,733$0$538,640$0$0$0
Mohammad Shahidehpour
Distinguished Bodine Professor$384,346$0$0$0$3,564$0$25,200$0$22,733$0$435,843$0$0$0
Hamid Arastoopour
Director, WISER/Professor$316,311$0$0$0$24,517$0$25,200$0$15,429$0$381,457$0$0$0
Philip Nash
Professor$287,816$0$0$0$20,767$0$9,905$0$0$0$318,488$0$0$0
Jafar Saniie
Dept. Chair & Filmer Professor$211,225$0$68,282$0$22,221$0$18,047$0$15,274$0$335,049$0$0$0
Wiel Arets
Professor / Former key employee$213,778$0$0$0$3,002$0$19,287$0$0$0$236,067$0$0$0
Russell Betts
Distinguished Professor / Former officer$201,234$0$35,000$0$22,692$0$19,845$0$0$0$278,771$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule J, Part I, Line 1a Health or social club dues or initiation feesFormAndLineReferenceDesc
ExplanationThe University provided membership dues for Alan Cramb, President, and Peter Kilpatrick, Provost to one business and one civic organization. These memberships served a business purpose that helped to support the mission of the University.ExplanationTxt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (3 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
ILLINOIS FINANCE AUTHORITY
A8610919670000000002019-01-31$22,278,000REFUND A PRIOR TAX-EXEMPT ISSUE DATED 7/22/2009 AND FOR FACILITY RENOVATION AND EQUIPMENT.falsefalsefalse
ILLINOIS FINANCE AUTHORITY
B8610919670000000002018-06-28$17,972,000REIMBURSEMENT FOR THE ACQUISITION OF STUDENT RESIDENT FACILITIES.falsefalsefalse
ILLINOIS FINANCE AUTHORITY
C86109196745204E7F92019-12-20$138,525,900REFUND A PRIOR TAX-EXEMPT ISSUE DATED 3/23/2006 AND TO REIMBURSE ISSUANCE AND REFUNDINGS COSTS.falsefalsefalse

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtBond DefeasedBondDefeasedAmtTotal ProceedsTotalProceedsAmtIn Reserve FundInReserveFundAmtCapitalized InterestCapitalizedInterestAmtRefunding EscrowRefundingEscrowAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCredit EnhancementCreditEnhancementAmtWorking Capital ExpendituresWorkingCapitalExpendituresAmtCapital ExpendituresCapitalExpendituresAmtOther Spent ProceedsOtherSpentProceedsAmtUnspentUnspentAmtSubstantial CompletionSubstantialCompletionYrRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintInd
A$0$0$22,278,000$0$0$0$300,999$0$0$321,404$21,655,597$02019Yes (true)falseYes (true)Yes (true)
B$1,476,000$0$17,972,000$0$0$0$92,573$0$0$17,879,427$0$02018falsefalseYes (true)Yes (true)
C$0$0$138,525,900$0$0$0$1,519,760$0$0$0$137,006,140$02020Yes (true)falseYes (true)Yes (true)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndAny Research AgreementsAnyResearchAgreementsIndPrivate Bus Use By OthersPrivateBusUseByOthersPctPrivate Bus Concerning UBIPrivateBusConcerningUBIPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
Afalsefalsefalsefalse0.00.00.0falsefalseYes (true)
Bfalsefalsefalsefalse0.00.00.0falsefalseYes (true)
Cfalsefalsefalsefalse0.00.00.0falsefalseYes (true)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
AfalsefalsefalseYes (true)Yes (true)falsefalsefalseYes (true)
BfalsefalsefalseYes (true)Yes (true)falsefalsefalseYes (true)
CfalseYes (true)falsefalsefalsefalsefalsefalseYes (true)

Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (true)
BYes (true)
CYes (true)

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule K, Part II, Line 3 All listed bonds on Schedule K.If the total proceeds of the issue exceeds the issue price of the respective bond, the difference is due to investment earnings. Earnings are included in the total proceeds of each issue.
Schedule K, Part IV, Line 2c COLUMN AIssuer name: ILLINOIS FINANCE AUTHORITY The calculation for computing no rebate due was performed on 02/25/2019
Schedule K, Part IV, Line 2c COLUMN BIssuer name: ILLINOIS FINANCE AUTHORITY The calculation for computing no rebate due was performed on 02/25/2019

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1POWER UJAMAA 3 LLCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Relationship DescriptionTrustee James A. Akintonde is an executive of Power Ujamaa 3 LLC's parent company.RelationshipDescriptionTxt
Transaction$387,945TransactionAmt
TransactionINDEPENDENT CONTRACTORTransactionDesc
Sharing Of RevenuesfalseSharingOfRevenuesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule L, Part IV BUSINESS TRANSACTIONS WITH INTERESTED PERSONSFormAndLineReferenceDesc
ExplanationBUSINESS TRANSACTIONS WITH INTERESTED PERSONS SCHEDULE L, PART IV THE TRANSACTIONS LISTED IN SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS, WERE CONSISTENT WITH THE CONFLICT OF INTEREST POLICY DESCRIBED IN SCHEDULE O. ILLINOIS INSTITUTE OF TECHNOLOGY REQUIRES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY FOR ALL BUSINESS TRANSACTIONS WITH INTERESTED PERSONS. IN FY 2020, TRUSTEE JAMES A. AKINTONDE WAS AN EXECUTIVE FOR THE PARENT COMPANY WHICH HAD A JOINT VENTURE, POWER UJAMAA 3 LLC. POWER UJAMAA 3 LLC WAS AWARDED A CONTRACT, PURSUANT TO AN RFP, TO CONSTRUCT A CAMPUS INNOVATION CENTER. PAYMENTS FOR THIS CONSTRUCTION WERE MADE FROM TEMPORARILY RESTRICTED GIFTS THAT WERE RECEIVED AS A RESULT OF AN INTERNAL CAPITAL CAMPAIGN.ExplanationTxt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution71ContributionCnt
Noncash Contributions Rpt F990$4,780,096NoncashContributionsRptF990Amt
Method Of Determining RevenuesMarket valueMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)Five IC Sentinel sensor units1$20,000Market value
Yes (X)Yamaha Piano1$4,900Market value
FieldValueIRS element (for citing)
Form8283 Received0Form8283ReceivedCnt
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (true)ReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule M, Part I Explanations of reporting method for number of contributionsFormAndLineReferenceDesc
ExplanationSecurities - Publicly traded - number of contributions Other - Five IC Sentinel sensor units number of contributions Other - Yamaha Piano number of contributionsExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (11 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part III, Line 4d Description of other program services(Expenses $ 14,343,189 including grants of $)(Revenue $ 19,551,218) STUDENT SERVICES:- This program provides health, academic, career services, transitional assistance, student orientation and other student services including the student finance center, admissions, and registration.
Form 990, Part III, Line 4d Description of other program services(Expenses $ 13,344,505 including grants of $)(Revenue $ 7,151,182) ACADEMIC SUPPORT:- IIT provides students with the information skills to compete in today's challenging and rapidly changing environment through its several libraries and academic computing centers allowing students access to terminals. In addition, the Academic Resource Center office offers several programs that provide peer tutoring, exam reviews, advising and counseling.
Form 990, Part VI, Line 1a Delegate broad authority to a committeeAs stated in Article 5, Section 5 of the organizations By-Laws, there shall be an Executive Committee of the Board of Trustees. With the caveat that the Board of Trustees may override the Executive Committee and except as otherwise provided in Article 5, Section 6, the Board of Trustees delegates to the Executive Committee all the powers vested in the Board of Trustees by law or by these Bylaws in the management of the property, business and affairs of the corporation. The Executive Committee shall include, as ex officio members, the Chair of the Board, the immediate past Chair, any Vice Chairs, the Chairs of all committees listed in Article 5, Sections 3 and 4, and the President. If the Chair of the Board of the IIT Alumni Association is a regularly elected or life trustee, then that individual shall be an ex officio member of the Executive Committee for the term of his or her office as Chair of the Board of the IIT Alumni Association. Up to eight additional members of the Executive Committee shall be annually elected for three-year terms by the Board of Trustees from the regularly elected members of the Board.
Form 990, Part VI, Line 2 Family/business relationships amongst interested personsA. Steven Crown and Craig J. Duchossois - Business relationship, Patrick J. Kelly, James E. Cowie, Craig J. Duchossois, and Thomas E. Lanctot - Business relationship, Victor A. Morgenstern and Anita M. Nagler - Business relationship, Eric C. Larson and Craig J. Duchossois - Business relationship, Kevin W. Willer, Craig J. Duchossois, and Carole Browne Segal - Business relationship, S. Christopher Gladwin and James Dugan - Business relationship
Form 990, Part VI, Line 4 Significant changes to organizational documentsThe bylaws were amended to adjust the size of the Board so that is it consistent with current circumstances and applicable Illinois law.
Form 990, Part VI, Line 11b Review of form 990 by governing bodyTHE FORM 990 IS REVIEWED BY THE VP FINANCE, CFO & TREASURER, INTERIM CONTROLLER, ASSOCIATE CONTROLLER, AND BY THE VP GENERAL COUNSEL & SECRETARY. ONCE THE FORM 990 IS APPROVED BY MANAGEMENT, THE FORM IS PRESENTED TO THE AUDIT AND COMPLIANCE COMMITTEE AND THE EXECUTIVE COMMITTEE (ACTING FOR THE FULL BOARD OF TRUSTEES) FOR REVIEW. WHEN THIS REVEIW IS COMPLETED, IT IS PUT ON A TRUSTEE WEBSITE GIVING ALL THE TRUSTEES THE OPPORTUNITY TO REVIEW. ONCE ALL REVIEWS ARE COMPLETED, THE VP FINANCE, CFO & TREASURER SIGNS THE FORM 990.
Form 990, Part VI, Line 12c Conflict of interest policyON AN ANNUAL BASIS, IIT EMPLOYEES AND BOARD OF TRUSTEE MEMBERS MUST REVIEW THE CONFLICT OF INTEREST POLICY. ALL EMPLOYEES AND TRUSTEES ARE REQUIRED TO SIGN AND DATE A CONFLICT OF INTEREST ATTESTATION DOCUMENT WHETHER A CONFLICT IS PRESENT OR NOT. GENERAL COUNSEL MONITORS THE EMPLOYEES AND TRUSTEES THAT HAVE REVIEWED THE POLICY AND DOCUMENTS THE CONFLICT OF INTEREST INSTANCES.
Form 990, Part VI, Line 15a Process to establish compensation of top management officialTHE BOARD OF TRUSTEES HAS ESTABLISHED AN INDEPENDENT COMPENSATION COMMITTEE THAT IS RESPONSIBLE FOR RECOMMENDING THE PRESIDENT'S (CEO) SALARY. THE COMMITTEE WILL BASE THE SALARY ON A HUMAN RESOURCE BENCHMARK STUDY COMPARING SELECTED UNIVERSITIES HAVING SIMILAR STUDENT ENROLLMENTS AND PROGRAMS. ON AN ANNUAL BASIS, HUMAN RESOURCES WILL PROVIDE THE COMMITTEE AN UPDATED BENCHMARK SURVEY FOR THEIR REVIEW. BASED ON THE ANNUAL SURVEY, THE COMMITTEE MAY RECOMMEND AN ADJUSTMENT TO THE PRESIDENT'S SALARY. AFTER THE EXECUTIVE COMMITTEE REVIEWS THE COMPENSATION COMMITTEE RECOMMENDATIONS, IT VOTES TO APPROVE THE COMPENSATION.
Form 990, Part VI, Line 15b Process to establish compensation of other employeesThe authority to recommend the annual salaries of the Vice Presidents and other senior officers is delegated to an independent Compensation Committee by the Board of Trustees. The Committee, with input from the President, obtains comparative analyses and studies from the Human Resource department with respect to compensation of similar organizations to ensure that the University's compensation is comparable. After the Executive Committee reviews the compensation committee recommendations, it votes to approve the compensation.
Form 990, Part VI, Line 19 Required documents available to the publicFINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE LOCATED ON THE ILLINOIS INSTITUTE OF TECHNOLOGY'S WEBSITE.
Form 990, Part XI, Line 9 Other changes in net assets or fund balancesCHANGE IN ASSET RETIREMENT OBLIGATION, NET - 740391; OTHER, NET - -317776; EXTINGUISHMENT OF DEBT - 822000; RESTRUCTURING EXPENSES - -1937970;

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1IIT RESEARCH INSTITUTEBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line110 WEST 35TH STREETAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60616ZIPCd
FieldValueIRS element (for citing)
EIN362169122EIN
Primary ActivitiesRESEARCHPrimaryActivitiesTxt
Legal Domicile StateILLegalDomicileStateCd
Exempt Code Section501(c)(3)ExemptCodeSectionTxt
Public Charity Status11PublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1ILLINOIS INSTITUTE OF TECHNOLOGYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Controlled OrganizationYes (true)ControlledOrganizationInd

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)

Address Line1USAddress/AddressLine1TxtAddress Line2USAddress/AddressLine2TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtControlled OrganizationControlledOrganizationIndAddress Line1ForeignAddress/AddressLine1TxtAddress Line2ForeignAddress/AddressLine2TxtProvince Or StateForeignAddress/ProvinceOrStateNmCountryForeignAddress/CountryCdForeign PostalForeignAddress/ForeignPostalCdLegal Domicile Foreign CountryLegalDomicileForeignCountryCdShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmtOwnershipOwnershipPct
PERPETUAL TRUST (7) BENEFICIAL INTEREST IN DONOR TRUSTS
C/O IIT 3424 SOUTH STATE STREETTC-4 FLCHICAGOIL60616DISTRIBUTION OF TRUST ASSETS TO BENEFICIARIESILNATrustfalse
ILLINOIS INSTITUTE OF TECHNOLOGY (INDIA) PRIVATE LTD
FACILITATES EDUCATIONAL PROGRAMSILLINOIS INSTITUTE OF TECHNOLOGYC CorporationYes (true)677 16th Main 6th Cross 3rd BlockKoramangala Behind BDA complexBENGALOREIN560034IN$236,239$159,7161
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsYes (true)ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgYes (true)RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (true)PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (true)SharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (true)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (true)ReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (5 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
IIT India
P$260,000FMV
IIT Research Institute
A$242,598FMV
IIT Research Institute
J$242,598FMV
IIT Research Institute
L$575,871FMV
IIT Research Institute
Q$1,709,069FMV