ILLINOIS INSTITUTE OF TECHNOLOGY: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- ILLINOIS INSTITUTE OF TECHNOLOGY (EIN 36-2170136)
- Tax period
- 2018-06-01 to 2019-05-31
- Filed
- 2020-03-09
- IRS object ID
- 202000699349300625
- Schema version
- 2018v3.1
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-03-09T18:00:08-05:00 | ReturnTs |
| Tax Period End | 2019-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 350921680 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CROWE LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 225 West Wacker Drive Suite 2600 | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 606061224 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 362170136 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Illinois Institute of Technology | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ILLI | BusinessNameControlTxt |
| Phone | 3125673825 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3424 SOUTH STATE STREET TC-4 FL | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60616 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL HORAN | PersonNm |
| Person Title | VP FINANCE, CFO, & TREASURER | PersonTitleTxt |
| Signature | 2020-03-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | NICOLE BENCIK | PreparerPersonNm |
| PTIN | P00756195 | PTIN |
| Phone | 3128997000 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-09-23 17:36:50Z | BuildTS |
Form 990 IRS990
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Alan W Cramb | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | SUITE 1900 10 W 35TH STREET | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60616 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $450,838,887 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.IIT.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1940 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE DISTINCTIVE AND RELEVANT EDUCATION IN AN ENVIRONMENT OF SCIENTIFIC, TECHNOLOGICAL, AND PROFESSIONAL KNOWLEDGE CREATION AND INNOVATION. | ActivityOrMissionDesc |
| Voting Members Governing Body | 68 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 66 | VotingMembersIndependentCnt |
| Total Employee | 4006 | TotalEmployeeCnt |
| Total Volunteers | 107 | TotalVolunteersCnt |
| Total Gross UBI | $204,608 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $63,052,564 | PYContributionsGrantsAmt |
| CY Contributions Grants | $84,788,322 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $276,015,596 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $279,548,821 | CYProgramServiceRevenueAmt |
| PY Investment Income | $11,251,710 | PYInvestmentIncomeAmt |
| CY Investment Income | $14,372,887 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,515,852 | PYOtherRevenueAmt |
| CY Other Revenue | $1,339,078 | CYOtherRevenueAmt |
| PY Total Revenue | $351,835,722 | PYTotalRevenueAmt |
| CY Total Revenue | $380,049,108 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $113,217,063 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $122,331,391 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $151,169,166 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $150,501,802 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $38,569 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $99,334 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $8,934,317 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $94,215,421 | PYOtherExpensesAmt |
| CY Other Expenses | $97,232,693 | CYOtherExpensesAmt |
| PY Total Expenses | $358,640,219 | PYTotalExpensesAmt |
| CY Total Expenses | $370,165,220 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$6,804,497 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $9,883,888 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $635,766,786 | TotalAssetsBOYAmt |
| Total Assets EOY | $632,900,141 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $238,451,045 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $245,678,268 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $397,315,741 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $387,221,873 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO PROVIDE DISTINCTIVE AND RELEVANT EDUCATION IN AN ENVIRONMENT OF SCIENTIFIC, TECHNOLOGICAL, AND PROFESSIONAL KNOWLEDGE CREATION AND INNOVATION. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $222,104,426 | ExpenseAmt |
| Grant | $122,331,391 | GrantAmt |
| Revenue | $196,693,382 | RevenueAmt |
| Desc | INSTRUCTION SUPPORT:- This past fiscal year witnessed the largest class of incoming first-year students in three decades. The university has continued to expand its academic offerings, which included the development of the first undergraduate degree in artificial intelligence in the Midwest. A new academic building was opened during the year and was designed to enhance and expand the activities of the university's longstanding Interprofessional Projects (IPRO), its Entrepreneurship Academy, and the Idea Shop. Through eight different schools and colleges, instruction supports over 50 academic majors, more than 75 minors, and a variety of specializations and is made up of over 6,500 students, including 3,144 undergraduate, 2,509 graduate, 862 law students, and 51 students in continuing education programs. The University offered and awarded 600 bachelor, 1,437 master, 229 J.D., and 104 Ph.D. degrees during the 2019 academic year. 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. Developed in 1995, IPRO consists of student teams from the junior through graduate levels, representing the breadth of the university's disciplines and professional programs. 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. When they graduate, students have learned to "speak the language" of other professions and have learned that problems can be "framed" from many different perspectives. Recently, IPRO project teams collaborated on developing a platform for safe prescription drug disposal, harvested condensate from HVAC systems to create drinking water for humans, worked with a developer to design a zero-net-energy community, created an educational web-based platform for guests at a local museum, and studied the relationship between wastewater injection and earthquakes. The University's Idea Shop helps to ignite ideas with cutting-edge tools to help students transform their new products and inventions into reality. This state-of-the-art, rapid-prototyping lab houses 3-D printers and scanners, multiple CNC milling machines, a vacuum cutter, and laser former. Full-time staff advise students on everything from equipment use to product marketability. This is where University students from all fields of study generate breakthrough ideas and guide them from concept to launch. It is an inviting place for returning alumni, students, and prospective students to interact and participate in workshops. The Idea Shop also serves the Chicago-area entrepreneurial community and facilitates the process by transforming student and faculty generated ideas into actual businesses, products, and patents. Within 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. Students conceptualize, draft, design, and build a structure from the ground up, and they construct their projects around the world. The program has taken students to Indonesia, Ghana, Japan, New Orleans, Chile, Germany, and in the summer of 2018 to Puerto Rico, where students built a community building that allowed local citizens to cook for themselves and others. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $33,387,438 | ExpenseAmt |
| Revenue | $40,014,460 | RevenueAmt |
| Desc | RESEARCH:- In correspondence with the growth of our academic programs and the development of our new facility, our university's research portfolio saw expansion over the last year as well. 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. A cancer imager team helped to usher in a new era in cancer detection. The university also joined the Discovery Partners Institute, a purpose-driven, collaborative research and education center led by the University of Illinois System to bring together hundreds of top researchers and thousands of students to work with industry and government to solve real-world challenges and drive progress and economic growth. 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 2019 were $34.4 million. The University received awards primarily 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 25 awards totaling $3.3 million and the Computer Science Department received 20 awards for $4.2 million. Also, the Biomedical Engineering Department received 25 awards for $4.8 million, the Biological Science Department 11 awards for $1.8 million, Mechanical Material and Aerospace Engineering 34 awards totaling $5.9 million, Physics Department 31 awards totaling $2 million and the Department of Psychology 10 awards for $1.6 million. In addition, the National Center for Food Safety and Technology received 31 awards totaling $7.2 million. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $24,073,319 | ExpenseAmt |
| Revenue | $16,685,844 | RevenueAmt |
| Desc | AUXILIARY 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)
| ExpenseExpenseAmt | RevenueRevenueAmt | DescDesc |
|---|---|---|
| $22,826,342 | $18,451,889 | 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. |
| $19,372,900 | $7,703,246 | 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. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $42,199,242 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $26,155,135 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $321,764,425 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (true) | LobbyingActivitiesInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (true) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (true) | SchoolOperatingInd |
| Foreign Office | Yes (true) | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (true) | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (true) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (true) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 6864 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 4006 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | Yes (true) | ForeignFinancialAccountInd |
| Foreign Country | IN | ForeignCountryCd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (true) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | Yes (true) | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 68 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 66 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (true) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | SC | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHAEL HORAN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3125673825 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3424 SOUTH STATE STREET TC-4TH FL | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60616 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (92 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|---|
| A Steven Crown | ||||||||||
| Vice Chair | 1.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| Ellen M Jordan | ||||||||||
| Vice Chair | 1.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| Thomas E Lanctot | ||||||||||
| Vice Chair | 1.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| Alan Cramb | ||||||||||
| President | 39.0 | 1.0 | Yes (X) | Yes (X) | $846,866 | $0 | $47,140 | |||
| Michael P Galvin | ||||||||||
| Chairman of the Board | 1.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| Jimmy A Akintonde | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Judson B Althoff | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Williams C Bartholomay | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Andrea L Berry | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| John P Calamos Sr | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Frank Clark III | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Martin Cooper | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Robert A Cornog | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| James E Cowie | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| David L Crowell | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Craig J Duchossois | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| James Dugan | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Bryan R Dunn | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Carter H Eckert | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| James R Gagnard | ||||||||||
| Partial Year Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| S Christopher Gladwin | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Jamshyd N Godrej | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Alvin L Gorman | ||||||||||
| Trustee Emeritus | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Michael J Graff | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Marc R Hannah | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Elzie L Higginbottom | ||||||||||
| Partial Year Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| James Hill Jr | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Robert D Hoel | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Martin C Jischke | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Norbert O Kaiser | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Edward L Kaplan | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Jeffrey A Karp | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Patrick J Kelly | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Karen R Klein | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Jules F Knapp | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Kaarina Koskenalusta | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Joel D Krauss | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| John Krenhbiel Jr | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Eric C Larson | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Richard Neil Levy | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Bruce C Liimatainen | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Sherrie B Littlejohn | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Victor Lo | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| David J Miniat | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Rosemarie Mitchell | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Douglas M Monieson | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Victor A Morgenstern | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Anita M Nagler | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Walter Nathan | ||||||||||
| Partial Year Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Madhavan K Nayar | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Victoria L Noonan | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| John G Olin | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Robert J Potter | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Mayari Pritzker | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| John W Rowe | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Mitchell Harris Saranow | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Michael Steven Seedman | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Carole Browe Segal | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Harold Singleton III | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Carl S Spetzler | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Efthimios J Stojka | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Stephen C Urrutia | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Eric G Vassilatos | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Pallavi Verma | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| David J Vitale | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| John C Walden | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Brian C Walker | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Priscilla Anne Walter | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Ralph Wanger | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Robert J Washlow | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Alan W Wendorf | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Kevin W Willer | ||||||||||
| Trustee | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||||
| Russell Betts | ||||||||||
| Interim Provost/Distinguished Professor/Termed 7/31/18 | 39.0 | 0.0 | Yes (X) | $383,939 | $0 | $24,750 | ||||
| Betsy Hughes | ||||||||||
| Vice Pres, Inst Advancement | 39.0 | 0.0 | Yes (X) | $350,549 | $0 | $47,141 | ||||
| Michael Gosz | ||||||||||
| VP, Enrlmt/Vice Prov/AssocProf | 39.0 | 0.0 | Yes (X) | $308,450 | $0 | $44,718 | ||||
| Darsh Wasan | ||||||||||
| Distinguised Professor,ChBE | 39.0 | 0.0 | Yes (X) | $301,773 | $0 | $39,431 | ||||
| Ophir Trigalo | ||||||||||
| Vice Provost, CIO | 39.0 | 0.0 | Yes (X) | $275,927 | $0 | $47,141 | ||||
| Edwin Watts | ||||||||||
| VP Admnstrn/Facilities/Pub Saf | 39.0 | 0.0 | Yes (X) | $282,596 | $0 | $25,723 | ||||
| Michael Horan | ||||||||||
| VP Finance, CFO, Treasurer | 39.0 | 1.0 | Yes (X) | $280,242 | $0 | $31,398 | ||||
| Anthony D'Amato | ||||||||||
| Vice Pres, Genrl Cnsl & Sec | 39.0 | 1.0 | Yes (X) | $259,168 | $0 | $30,836 | ||||
| Peter Kilpatrick | ||||||||||
| Provost, SVP Academic Affairs | 39.0 | 1.0 | Yes (X) | $252,376 | $0 | $23,281 | ||||
| Jess Goode | ||||||||||
| Vice President | 39.0 | 0.0 | Yes (X) | $224,228 | $0 | $1,563 | ||||
| Natacha DePaola | ||||||||||
| Kaplan Dean of Engineering | 39.0 | 0.0 | $411,586 | $0 | $46,954 | Yes (X) | ||||
| Harold Krent | ||||||||||
| Dean & Professor of Law | 39.0 | 0.0 | $380,097 | $0 | $46,017 | Yes (X) | ||||
| Robert Brackett | ||||||||||
| Vice President/Professor | 39.0 | 0.0 | $321,698 | $0 | $32,108 | Yes (X) | ||||
| John Bilson | ||||||||||
| Dean | 39.0 | 0.0 | $306,298 | $0 | $39,431 | Yes (X) | ||||
| Heather Harper | ||||||||||
| Associate Clinical Professor | 39.0 | 0.0 | $387,040 | $0 | $38,404 | Yes (X) | ||||
| Mohammad Shahidehpour | ||||||||||
| Distinguished Bodine Professor | 39.0 | 0.0 | $381,739 | $0 | $46,954 | Yes (X) | ||||
| Hamid Arastoopour | ||||||||||
| Director, WISER/Professor | 39.0 | 0.0 | $336,036 | $0 | $39,558 | Yes (X) | ||||
| Eunice Santos | ||||||||||
| Chair/Hochsprung Chair | 39.0 | 0.0 | $296,902 | $0 | $31,330 | Yes (X) | ||||
| Sumanta Acharya | ||||||||||
| Professor & Department Chair | 39.0 | 0.0 | $294,977 | $0 | $24,314 | Yes (X) | ||||
| Wiel Arets | ||||||||||
| Professor/Former key employee | 39.0 | 0.0 | $216,606 | $0 | $19,287 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $7,099,093 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $727,479 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 366 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Power Ujamaa 3 LLC | |||||
| 8750 W Bryn Mawr | Chicago | IL | 60631 | Construction | $16,990,328 |
| Chartwells Dining | |||||
| PO Box 91337 | Chicago | IL | 60963 | Food Service | $3,895,526 |
| GCA Services Group | |||||
| 3060 Solutions Center | Chicago | IL | 60677 | Janitorial service | $3,443,144 |
| Sodexo Inc and Affiliates | |||||
| 9801 Washingtonian Blvd | Chicago | IL | 20878 | Food Service | $2,419,479 |
| Ventas Inc | |||||
| 353 N Clark St 3300 | Chicago | IL | 60610 | Real estate rental services | $2,196,007 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 100 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $468,564 | FundraisingAmt |
| Government Grants | $45,238,777 | GovernmentGrantsAmt |
| All Other Contributions | $39,080,981 | AllOtherContributionsAmt |
| Noncash Contributions | $5,818,431 | NoncashContributionsAmt |
| Total Contributions | $84,788,322 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| Tuition and Fees | 611310 | $244,065,146 | $244,065,146 | |
| Sales/Services of Auxilliary Enterprises | 722320 | $16,685,844 | $16,482,381 | $203,463 |
| Student Services | 611710 | $17,696,831 | $17,696,831 | |
| Equity Interest on IITRI | 900000 | $1,101,000 | $1,101,000 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $279,548,821 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,700,686 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$230 | UnrelatedBusinessRevenueAmt |
| Exclusion | $5,700,916 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,498,618 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $39,633 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,458,985 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,458,985 | TotalRevenueColumnAmt |
| Exclusion | $1,458,985 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $79,246,000 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $70,573,799 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $8,672,201 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,672,201 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $1,375 | UnrelatedBusinessRevenueAmt |
| Exclusion | $8,670,826 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $56,440 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $468,564 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $176,347 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$119,907 | TotalRevenueColumnAmt |
| Exclusion | -$119,907 | ExclusionAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $380,049,108 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $279,345,358 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $204,608 | UnrelatedBusinessRevenueAmt |
| Exclusion | $15,710,820 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $122,331,391 | TotalAmt |
| Program Services | $122,331,391 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,216,950 | TotalAmt |
| Program Services | $2,441,927 | ProgramServicesAmt |
| Management And General | $2,649,162 | ManagementAndGeneralAmt |
| Fundraising | $2,125,861 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $214,299 | TotalAmt |
| Program Services | $85,719 | ProgramServicesAmt |
| Management And General | $64,290 | ManagementAndGeneralAmt |
| Fundraising | $64,290 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $117,340,371 | TotalAmt |
| Program Services | $97,190,404 | ProgramServicesAmt |
| Management And General | $15,927,332 | ManagementAndGeneralAmt |
| Fundraising | $4,222,635 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,223,396 | TotalAmt |
| Program Services | $4,882,281 | ProgramServicesAmt |
| Management And General | $1,106,275 | ManagementAndGeneralAmt |
| Fundraising | $234,840 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,948,809 | TotalAmt |
| Program Services | $10,581,988 | ProgramServicesAmt |
| Management And General | $1,753,781 | ManagementAndGeneralAmt |
| Fundraising | $613,040 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,557,977 | TotalAmt |
| Program Services | $5,136,062 | ProgramServicesAmt |
| Management And General | $1,148,912 | ManagementAndGeneralAmt |
| Fundraising | $273,003 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $293,255 | TotalAmt |
| Program Services | $18,835 | ProgramServicesAmt |
| Management And General | $274,420 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $266,623 | TotalAmt |
| Management And General | $266,623 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $167,535 | TotalAmt |
| Management And General | $167,535 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $99,334 | TotalAmt |
| Fundraising | $99,334 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $802,379 | TotalAmt |
| Management And General | $802,379 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,087,095 | TotalAmt |
| Program Services | $24,123,403 | ProgramServicesAmt |
| Management And General | $3,300,837 | ManagementAndGeneralAmt |
| Fundraising | $662,855 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $386,730 | TotalAmt |
| Program Services | $213,712 | ProgramServicesAmt |
| Management And General | $173,018 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,084,059 | TotalAmt |
| Program Services | $4,975,843 | ProgramServicesAmt |
| Management And General | $738,471 | ManagementAndGeneralAmt |
| Fundraising | $369,745 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,116,540 | TotalAmt |
| Program Services | $1,453,611 | ProgramServicesAmt |
| Management And General | $1,608,806 | ManagementAndGeneralAmt |
| Fundraising | $54,123 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,092,429 | TotalAmt |
| Program Services | $29,353,058 | ProgramServicesAmt |
| Management And General | $739,371 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,305,690 | TotalAmt |
| Program Services | $2,575,204 | ProgramServicesAmt |
| Management And General | $528,451 | ManagementAndGeneralAmt |
| Fundraising | $202,035 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $288,488 | TotalAmt |
| Program Services | $208,335 | ProgramServicesAmt |
| Management And General | $67,597 | ManagementAndGeneralAmt |
| Fundraising | $12,556 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,237,275 | TotalAmt |
| Program Services | $6,373,720 | ProgramServicesAmt |
| Management And General | $2,863,555 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,365,932 | TotalAmt |
| Program Services | $9,818,932 | ProgramServicesAmt |
| Management And General | $4,547,000 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $738,663 | TotalAmt |
| Management And General | $738,663 | ManagementAndGeneralAmt |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $370,165,220 | TotalAmt |
| Program Services | $321,764,425 | ProgramServicesAmt |
| Management And General | $39,466,478 | ManagementAndGeneralAmt |
| Fundraising | $8,934,317 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,080,029 | BOYAmt |
| EOY | $3,012,287 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,132,566 | BOYAmt |
| EOY | $293,787 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,401,785 | BOYAmt |
| EOY | $17,996,881 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,141,474 | BOYAmt |
| EOY | $6,364,548 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,513,620 | BOYAmt |
| EOY | $8,474,138 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,826,773 | BOYAmt |
| EOY | $3,165,639 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $594,580,509 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $291,917,896 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $284,547,617 | BOYAmt |
| EOY | $302,662,613 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $237,914,273 | BOYAmt |
| EOY | $245,466,896 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,463,716 | BOYAmt |
| EOY | $1,053,908 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,395,586 | BOYAmt |
| EOY | $17,496,586 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,349,347 | BOYAmt |
| EOY | $26,912,858 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $635,766,786 | BOYAmt |
| EOY | $632,900,141 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,613,687 | BOYAmt |
| EOY | $31,799,164 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,756,445 | BOYAmt |
| EOY | $10,370,141 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $165,544,998 | BOYAmt |
| EOY | $175,374,998 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,000,000 | BOYAmt |
| EOY | $14,000,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,535,915 | BOYAmt |
| EOY | $14,133,965 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $238,451,045 | BOYAmt |
| EOY | $245,678,268 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $133,953,431 | BOYAmt |
| EOY | $151,624,332 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,393,228 | BOYAmt |
| EOY | $17,146,738 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $217,969,082 | BOYAmt |
| EOY | $218,450,803 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $397,315,741 | BOYAmt |
| EOY | $387,221,873 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $635,766,786 | BOYAmt |
| EOY | $632,900,141 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $9,883,888 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$12,627,505 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$7,350,251 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $63,420,177 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $70,771,692 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $58,277,789 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $63,052,564 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $84,788,322 | CurrentTaxYearAmt |
| Total | $340,310,544 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $63,420,177 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $70,771,692 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $58,277,789 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $63,052,564 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $84,788,322 | CurrentTaxYearAmt |
| Total | $340,310,544 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $2,683,142 | SubstantialContributorsTotAmt |
| Public Support Total170 | $337,627,402 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,056,675 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,450,043 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,610,143 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,715,863 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,199,534 | CurrentTaxYearAmt |
| Total | $31,032,258 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $45,025 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $56,440 | CurrentTaxYearAmt |
| Total | $101,465 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $371,444,267 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $1,408,677,543 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.9090 | PublicSupportCY170Pct |
| Public Support PY170 | 0.9144 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule A, Part II, Line 10 Other Income | FormAndLineReferenceDesc |
| Explanation | DESCRIPTION - GROSS INCOME FROM FUNDRAISING EVENTS, COLUMN A - , COLUMN B - , COLUMN C - , COLUMN D - 45025.0, COLUMN E - 56440.0, COLUMN F - 101465.0; | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | false | VolunteersInd |
| Paid Staff Or Management | Yes (true) | PaidStaffOrManagementInd |
| Media Advertisements | false | MediaAdvertisementsInd |
| Mailings Members | false | MailingsMembersInd |
| Publications Or Broadcast | false | PublicationsOrBroadcastInd |
| Grants Other Organizations | false | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (true) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $167,535 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | false | RalliesDemonstrationsInd |
| Other Activities | false | OtherActivitiesInd |
| Total Lobbying Expenditures | $167,535 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | false | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY | FormAndLineReferenceDesc |
| Explanation | THOMSON COBURN WAS RETAINED TO HELP WITH FEDERAL LOBBY REGISTRATION AND DISCLOSURE REQUIREMENTS. IIT WAS REPRESENTED BY ALL CIRCO INC. FOR DEVELOPMENT OF LEGISLATIVE STRATEGY AND AS LIAISON WITH THE OFFICE OF THE GOVERNOR AND OTHER STATE 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $251,798,501 | BeginningYearBalanceAmt |
| Contributions | $1,349,000 | ContributionsAmt |
| Investment Earnings Or Losses | $2,074,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $6,065,360 | GrantsOrScholarshipsAmt |
| Other Expenditures | $6,161,640 | OtherExpendituresAmt |
| End Year Balance | $242,994,501 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $243,746,501 | BeginningYearBalanceAmt |
| Contributions | $5,825,000 | ContributionsAmt |
| Investment Earnings Or Losses | $14,727,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $5,671,397 | GrantsOrScholarshipsAmt |
| Other Expenditures | $6,828,603 | OtherExpendituresAmt |
| End Year Balance | $251,798,501 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $226,847,501 | BeginningYearBalanceAmt |
| Contributions | $2,246,000 | ContributionsAmt |
| Investment Earnings Or Losses | $27,253,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $5,903,690 | GrantsOrScholarshipsAmt |
| Other Expenditures | $6,696,310 | OtherExpendituresAmt |
| End Year Balance | $243,746,501 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $240,752,501 | BeginningYearBalanceAmt |
| Contributions | $4,929,000 | ContributionsAmt |
| Investment Earnings Or Losses | -$6,234,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $5,407,125 | GrantsOrScholarshipsAmt |
| Other Expenditures | $7,192,875 | OtherExpendituresAmt |
| End Year Balance | $226,847,501 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $239,982,501 | BeginningYearBalanceAmt |
| Contributions | $1,394,000 | ContributionsAmt |
| Investment Earnings Or Losses | $11,076,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $4,891,780 | GrantsOrScholarshipsAmt |
| Other Expenditures | $6,808,220 | OtherExpendituresAmt |
| End Year Balance | $240,752,501 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.22 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.78 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.0 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $19,749,367 | OtherCostOrOtherBasisAmt |
| Book Value | $19,749,367 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $469,457,669 | OtherCostOrOtherBasisAmt |
| Depreciation | $224,202,299 | DepreciationAmt |
| Book Value | $245,255,370 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,416,097 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,416,097 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $92,357,916 | OtherCostOrOtherBasisAmt |
| Depreciation | $63,045,650 | DepreciationAmt |
| Book Value | $29,312,266 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,599,460 | OtherCostOrOtherBasisAmt |
| Depreciation | $253,850 | DepreciationAmt |
| Book Value | $8,345,610 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $302,662,613 | TotalBookValueLandBuildingsAmt |
| Federal Income Tax Liability | $6,650,888 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| Obligation under split interest | $751,408 |
| Deposits by students & others | $1,595,345 |
| Postretirement benefit obligation | $1,809,882 |
| Asset retirement obligation | $1,456,502 |
| Lease liability | $1,869,940 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $14,133,965 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part V, Line 4 Intended uses of endowment funds | The 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) footnote | The 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, 2019 and 2018, 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 2016. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (true) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (true) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (true) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (true) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (true) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (true) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (true) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | false | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | false | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | false | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | false | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | false | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | false | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (true) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | false | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (true) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY | POLICY 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 GOVERNMENT | Department of Education:- Federal Supplemental Education Opportunity Grants Federal Direct Loans Federal Work Study Program Federal Perkins Loan Program Federal Pell Grant Program Illinois Student Assistance Commission:- Illinois Monetary Award Program Grants Grant Program for Descendants of Police, Fire, or Correctional Officers Golden Apple Foundation awards to minority students pursuing teaching careers. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (4 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| Europe (Including Iceland and Greenland) | 0 | 1 | Program Services | STUDENT RECRUITING. | $155,225 |
| South Asia | 6 | 6 | Program Services | FACILITATE DELIVERY OF ON-LINE EDUCATIONAL PROGRAMS AND STUDENT RECRUITING. | $263,399 |
| East Asia and the Pacific | 0 | 2 | Program Services | STUDENT RECRUITING. | $279,981 |
| South America | 0 | 1 | Program Services | STUDENT RECRUITING. | $66,525 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 6 | SubtotalOfficesCnt |
| Subtotal Employees | 10 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 6 | TotalOfficeCnt |
| Total Employee | 10 | TotalEmployeeCnt |
| Subtotal Spent | $765,130 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $765,130 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (true) | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (true) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (true) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | false | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule F, Part I, Line 3 DESCRIPTION OF ACTIVITY OUTSIDE UNITED STATES | FormAndLineReferenceDesc |
| Explanation | EUROPE/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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Solicitation Of Govt Grants | Yes (X) | SolicitationOfGovtGrantsInd |
| Special Fundraising Events | Yes (X) | SpecialFundraisingEventsInd |
| Agrmt Prof Fundraising Acty | Yes (true) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | ActivityActivityTxt | Fundraiser Control Of FundsFundraiserControlOfFundsInd | Gross ReceiptsGrossReceiptsAmt | Retained By ContractorRetainedByContractorAmt | Net To OrganizationNetToOrganizationAmt |
|---|---|---|---|---|---|---|---|---|
| Ruffalo Noel Levitz LLC | ||||||||
| 1025 Kirkwood Pkwy SW | Cedar Rapids | IA | 52404 | PHONE SOLICITING | false | $36,949 | $24,611 | $12,338 |
| WASHBURN & MCGOLDRICK LLC | ||||||||
| 24 N Bryn Mawr Avenue Suite 252 | Bryn Mawr | PA | 19010 | CONSULT ON RAISING FUNDS | false | $29,217 | -$29,217 | |
| Ruffalo Noel Levitz | ||||||||
| 1025 Kirkwood Pkwy SW | Cedar Rapids | IA | 52404 | FUND RAISING SOFTWARE | false | $45,506 | -$45,506 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | $36,949 | TotalGrossReceiptsAmt |
| Total Retained By Contractors | $99,334 | TotalRetainedByContractorsAmt |
| Total Net To Organization | -$62,385 | TotalNetToOrganizationAmt |
| Licensed States | CT | LicensedStatesCd |
| Licensed States | FL | LicensedStatesCd |
| Licensed States | MD | LicensedStatesCd |
| Licensed States | OR | LicensedStatesCd |
| Licensed States | SC | LicensedStatesCd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Harold J Krent Tribute | Event1Nm |
| Gross Receipts Event1 | $305,650 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $278,150 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $27,500 | GrossRevenueEvent1Amt |
| Food And Beverage Event1 | $37,832 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $10,799 | OtherDirectExpensesEvent1Amt |
| Event2 | Tech-X Award | Event2Nm |
| Gross Receipts Event2 | $138,500 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $130,625 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $7,875 | GrossRevenueEvent2Amt |
| Other Direct Expenses Event2 | $44,500 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 3 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $80,854 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $59,789 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $21,065 | GrossRevenueOtherEventsAmt |
| Rent Fclty Costs Other Events | $902 | RentFcltyCostsOtherEventsAmt |
| Food And Beverage Other Events | $41,318 | FoodAndBeverageOtherEventsAmt |
| Entertainment Other Events | $4,000 | EntertainmentOtherEventsAmt |
| Oth Direct Expnss Other Events | $36,996 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $525,004 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $468,564 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $56,440 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $902 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $79,150 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $4,000 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $92,295 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $176,347 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$119,907 | NetIncomeSummaryAmt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule G, Part I, Line 2b(v) Amounts paid to fundraiser | 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 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 SUBSCRIPTION 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 expenses | RUFFALO NOEL LEVITZ, LLC-PAYMENT OF FEES.;WASHBURN & MCGOLDRICK LLC-PAYMENT OF FEES.;RUFFALO NOEL LEVITZ-PAYMENT ONLY FOR SOFTWARE.; |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 6508 | RecipientCnt |
| Cash Grant | $122,331,391 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. | FormAndLineReferenceDesc |
| Explanation | THE USE OF GRANT FUNDS IS MONITORED THROUGH A GRANT MANAGEMENT SYSTEM. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (21 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Alan Cramb | ||||||||||||||
| President | $654,802 | $0 | $170,000 | $0 | $22,064 | $0 | $24,750 | $0 | $22,390 | $0 | $894,006 | $0 | $0 | $0 |
| Russell Betts | ||||||||||||||
| Interim Provost/Distinguished Professor/Termed 7/31/18 | $327,497 | $0 | $35,000 | $0 | $21,442 | $0 | $24,750 | $0 | $0 | $0 | $408,689 | $0 | $0 | $0 |
| Betsy Hughes | ||||||||||||||
| Vice Pres, Inst Advancement | $321,335 | $0 | $26,892 | $0 | $2,322 | $0 | $24,750 | $0 | $22,391 | $0 | $397,690 | $0 | $0 | $0 |
| Michael Gosz | ||||||||||||||
| VP, Enrlmt/Vice Prov/AssocProf | $257,208 | $0 | $50,000 | $0 | $1,242 | $0 | $23,967 | $0 | $20,751 | $0 | $353,168 | $0 | $0 | $0 |
| Darsh Wasan | ||||||||||||||
| Distinguised Professor,ChBE | $298,831 | $0 | $0 | $0 | $2,942 | $0 | $24,750 | $0 | $14,681 | $0 | $341,204 | $0 | $0 | $0 |
| Ophir Trigalo | ||||||||||||||
| Vice Provost, CIO | $273,605 | $0 | $0 | $0 | $2,322 | $0 | $24,750 | $0 | $22,391 | $0 | $323,068 | $0 | $0 | $0 |
| Edwin Watts | ||||||||||||||
| VP Admnstrn/Facilities/Pub Saf | $279,135 | $0 | $0 | $0 | $3,461 | $0 | $24,750 | $0 | $973 | $0 | $308,319 | $0 | $0 | $0 |
| Michael Horan | ||||||||||||||
| VP Finance, CFO, Treasurer | $276,678 | $0 | $0 | $0 | $3,564 | $0 | $24,750 | $0 | $6,648 | $0 | $311,640 | $0 | $0 | $0 |
| Anthony D'Amato | ||||||||||||||
| Vice Pres, Genrl Cnsl & Sec | $258,358 | $0 | $0 | $0 | $810 | $0 | $23,659 | $0 | $7,177 | $0 | $290,004 | $0 | $0 | $0 |
| Peter Kilpatrick | ||||||||||||||
| Provost, SVP Academic Affairs | $232,391 | $0 | $0 | $0 | $19,985 | $0 | $17,759 | $0 | $5,522 | $0 | $275,657 | $0 | $0 | $0 |
| Jess Goode | ||||||||||||||
| Vice President | $223,751 | $0 | $0 | $0 | $477 | $0 | $1,563 | $0 | $0 | $0 | $225,791 | $0 | $0 | $0 |
| Natacha DePaola | ||||||||||||||
| Kaplan Dean of Engineering | $390,764 | $0 | $0 | $0 | $20,822 | $0 | $24,750 | $0 | $22,204 | $0 | $458,540 | $0 | $0 | $0 |
| Harold Krent | ||||||||||||||
| Dean & Professor of Law | $339,533 | $0 | $0 | $0 | $40,564 | $0 | $24,750 | $0 | $21,267 | $0 | $426,114 | $0 | $0 | $0 |
| Robert Brackett | ||||||||||||||
| Vice President/Professor | $316,095 | $0 | $0 | $0 | $5,603 | $0 | $24,750 | $0 | $7,358 | $0 | $353,806 | $0 | $0 | $0 |
| John Bilson | ||||||||||||||
| Dean | $300,637 | $0 | $0 | $0 | $5,661 | $0 | $24,750 | $0 | $14,681 | $0 | $345,729 | $0 | $0 | $0 |
| Heather Harper | ||||||||||||||
| Associate Clinical Professor | $170,490 | $0 | $216,215 | $0 | $335 | $0 | $16,200 | $0 | $22,204 | $0 | $425,444 | $0 | $0 | $0 |
| Mohammad Shahidehpour | ||||||||||||||
| Distinguished Bodine Professor | $378,175 | $0 | $0 | $0 | $3,564 | $0 | $24,750 | $0 | $22,204 | $0 | $428,693 | $0 | $0 | $0 |
| Hamid Arastoopour | ||||||||||||||
| Director, WISER/Professor | $312,116 | $0 | $0 | $0 | $23,920 | $0 | $24,750 | $0 | $14,808 | $0 | $375,594 | $0 | $0 | $0 |
| Eunice Santos | ||||||||||||||
| Chair/Hochsprung Chair | $296,212 | $0 | $0 | $0 | $690 | $0 | $24,750 | $0 | $6,580 | $0 | $328,232 | $0 | $0 | $0 |
| Sumanta Acharya | ||||||||||||||
| Professor & Department Chair | $272,913 | $0 | $0 | $0 | $22,064 | $0 | $24,127 | $0 | $187 | $0 | $319,291 | $0 | $0 | $0 |
| Wiel Arets | ||||||||||||||
| Professor/Former key employee | $213,604 | $0 | $0 | $0 | $3,002 | $0 | $19,287 | $0 | $0 | $0 | $235,893 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule J, Part I, Line 1a Health or social club dues or initiation fees | FormAndLineReferenceDesc |
| Explanation | The 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 ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| ILLINOIS FINANCE AUTHORITY | ||||||||
| A | 861091967 | 45200BYH5 | 2006-03-23 | $156,502,991 | REFINANCE & FACILITY RENOVATION | false | false | false |
| ILLINOIS FINANCE AUTHORITY | ||||||||
| B | 861091967 | 000000000 | 2019-01-31 | $22,278,000 | REFUND A PRIOR TAX-EXEMPT ISSUE DATED 7/22/2009 AND FOR FACILITY RENOVATION AND EQUIPMENT. | false | false | false |
| ILLINOIS FINANCE AUTHORITY | ||||||||
| C | 861091967 | 000000000 | 2018-06-28 | $17,972,000 | REIMBURSEMENT FOR THE ACQUISITION OF STUDENT RESIDENT FACILITIES. | false | false | false |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Bond DefeasedBondDefeasedAmt | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Capitalized InterestCapitalizedInterestAmt | Refunding EscrowRefundingEscrowAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Credit EnhancementCreditEnhancementAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | UnspentUnspentAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $19,895,000 | $0 | $156,502,991 | $0 | $0 | $0 | $1,418,858 | $0 | $0 | $51,378,575 | $103,705,558 | $0 | 2008 | Yes (true) | Yes (true) | Yes (true) | Yes (true) |
| B | $0 | $0 | $22,278,000 | $0 | $0 | $0 | $300,999 | $0 | $0 | $321,404 | $21,655,597 | $0 | 2019 | Yes (true) | false | Yes (true) | Yes (true) |
| C | $0 | $0 | $17,972,000 | $0 | $0 | $0 | $92,573 | $0 | $0 | $17,879,427 | $0 | $0 | 2018 | false | false | Yes (true) | Yes (true) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|
| A | false | false | false | false | 0.0 | 0.0 | 0.0 | false | false | Yes (true) |
| B | false | false | false | false | 0.0 | 0.0 | 0.0 | false | false | Yes (true) |
| C | false | false | false | false | 0.0 | 0.0 | 0.0 | false | false | Yes (true) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | false | false | false | Yes (true) | false | false | false | false | Yes (true) |
| B | false | false | false | Yes (true) | Yes (true) | false | false | false | Yes (true) |
| C | false | false | false | Yes (true) | Yes (true) | false | false | false | Yes (true) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (true) |
| B | Yes (true) |
| C | Yes (true) |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 A | Issuer name: ILLINOIS FINANCE AUTHORITY The calculation for computing no rebate due was performed on 01/27/2011 |
| Schedule K, Part IV, Line 2c COLUMN B | Issuer name: ILLINOIS FINANCE AUTHORITY The calculation for computing no rebate due was performed on 02/25/2019 |
| Schedule K, Part IV, Line 2c COLUMN C | Issuer 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | POWER UJAMAA 3 LLC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | Trustee James A. Akintonde is an executive of Power Ujamaa 3 LLC's parent company. | RelationshipDescriptionTxt |
| Transaction | $7,529,492 | TransactionAmt |
| Transaction | INDEPENDENT CONTRACTOR | TransactionDesc |
| Sharing Of Revenues | false | SharingOfRevenuesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule L, Part IV BUSINESS TRANSACTIONS WITH INTERESTED PERSONS | FormAndLineReferenceDesc |
| Explanation | BUSINESS 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 2019, 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 51 | ContributionCnt |
| Noncash Contributions Rpt F990 | $5,604,583 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Market value | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (6 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | Engineering equipment | 1 | $128,000 | Market value |
| Yes (X) | WBBM News radio Chicago Media Package | 1 | $67,500 | Market value |
| Yes (X) | Flat Panel Smartboard 7000 Series | 1 | $7,198 | Market value |
| Yes (X) | 65" Mondopad Ultra, anti-glare touchscreen collaboration system. | 1 | $6,100 | Market value |
| Yes (X) | Instruction material including drawings, programs, and memorabilia for school of architecture | 1 | $4,050 | Market value |
| Yes (X) | IBM 5110 portable computer with data tapes and manuals | 1 | $1,000 | Market value |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (true) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | false | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule M, Part I Explanations of reporting method for number of contributions | FormAndLineReferenceDesc |
| Explanation | Securities - Publicly traded - number of contributions Other - Engineering equipment number of contributions Other - WBBM News radio Chicago Media Package number of contributions Other - Flat Panel Smartboard 7000 Series number of contributions Other - 65" Mondopad Ultra, anti-glare touchscreen collaboration system. number of contributions Other - Instruction material including drawings, programs, and memorabilia for school of architecture number of contributions Other - IBM 5110 portable computer with data tapes and manuals number of contributions | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part III, Line 4d Description of other program services | (Expenses $ 22,826,342 including grants of $)(Revenue $ 18,451,889) 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 $ 19,372,900 including grants of $)(Revenue $ 7,703,246) 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 committee | As 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 persons | A. Steven Crown, Richard N. Levy, Craig J. Duchossois, and Kevin Willer - Business relationship, John Rowe and Efthimios S. Stojka - Business relationship, Patrick J. Kelly, James E. Cowie, Craig J. Duchossois - Business relationship, Victor A. Morgenstern and Anita M. Nagler - Business relationship, James Cowie and Jim Dugan - Business relationship, Eric C. Larson and Craig J. Duchossois - Business relationship, A. Stephen Crown and Brian C. Walker - Business relationship, S. Christopher Gladwin and Michael Seedman - Business relationship |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | THE FORM 990 IS REVIEWED BY THE VP FINANCE, CFO & TREASURER, AVP FINANCE & 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 policy | ON 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 official | THE 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 employees | The 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 public | FINANCIAL 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 balances | CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS - -56674; CHANGE IN ASSET RETIREMENT OBLIGATION, NET - 515477; OTHER, NET - -1041236; EXTINGUISHMENT OF DEBT - -771626; RESTRUCTURING EXPENSES - -5996192; |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | IIT RESEARCH INSTITUTE | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 WEST 35TH STREET | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60616 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 362169122 | EIN |
| Primary Activities | RESEARCH | PrimaryActivitiesTxt |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Exempt Code Section | 501(c)(3) | ExemptCodeSectionTxt |
| Public Charity Status | 11 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ILLINOIS INSTITUTE OF TECHNOLOGY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (true) | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Primary ActivitiesPrimaryActivitiesTxt | Direct Controlling NADirectControllingNACd | Entity TypeEntityTypeTxt | Address Line1ForeignAddress/AddressLine1Txt | Address Line2ForeignAddress/AddressLine2Txt | Province Or StateForeignAddress/ProvinceOrStateNm | CountryForeignAddress/CountryCd | Foreign PostalForeignAddress/ForeignPostalCd | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PERPETUAL TRUST (7) BENEFICIAL INTEREST IN DONOR TRUSTS | ||||||||||||||||||
| C/O IIT 3424 SOUTH STATE STREET | TC-4 FL | CHICAGO | IL | 60616 | DISTRIBUTION OF TRUST ASSETS TO BENEFICIARIES | N/A | Trust | |||||||||||
| ILLINOIS INSTITUTE OF TECHNOLOGY (INDIA) PRIVATE LTD | ||||||||||||||||||
| FACILITATES EDUCATIONAL PROGRAMS | C Corporation | 677 16th Main 6th Cross 3rd Block | Koramangala Behind BDA complex | BENGALORE | IN | 560034 | IN | ILLINOIS INSTITUTE OF TECHNOLOGY | $310,279 | $147,535 | 1 | Yes (true) | ||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (true) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | Yes (true) | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (true) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (true) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (true) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (4 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| IIT India | ||
| P | $292,636 | FMV |
| IIT Research Institute | ||
| A | $266,500 | FMV |
| IIT Research Institute | ||
| L | $382,238 | FMV |
| IIT Research Institute | ||
| Q | $1,631,846 | FMV |