2020-07-10T13:42:53-05:00 2019-06-30 352123203 KSM BUSINESS SERVICES INC PO BOX 40857 INDIANAPOLIS IN 462400857 990 2018-07-01 237073977 IVY TECH FOUNDATION INC IVYT 3179214749 50 W FALL CREEK PKWY NORTH DRIVE INDIANAPOLIS IN 462085752 JOHN MURPHY PRESIDENT 3179214749 2020-06-22 1 SCOTT A SCHUSTER P00019243 3175802000 2020-06-22 64.132.79.18 2020-06-22 09:01:04 ED P C13238888B5CA0FD418F0CCA23B587B24FEAB329 8742F3985EA151063956B046DE4E005049B9C75C 2018 2020-09-23 17:36:50Z KEVIN HONIGFORD 50 W FALL CREEK PKWY NORTH DRIVE INDIANAPOLIS IN 462085752 45337004 0 X WWW.IVYTECH.EDU/GIVING X 1969 IN TO RECEIVE, HOLD, INVEST AND ADMINISTER PROPERTY AND TO SOLICIT AND RECEIVE CONTRIBUTIONS AND TO MAKE EXPENDITURES TO OR FOR THE BENEFIT OF IVY TECH COMMUNITY COLLEGE. 59 57 0 275 0 0 14124483 21407845 0 0 2946630 3055260 327375 741680 17398488 25204785 3913772 7877071 0 0 0 0 265221 189020 519883 11977075 11546754 16156068 19612845 1242420 5591940 120973547 121531893 17565831 12248707 103407716 109283186 X TO RECEIVE, HOLD, INVEST AND ADMINISTER PROPERTY AND TO SOLICIT AND RECEIVE CONTRIBUTIONS AND TO MAKE EXPENDITURES TO OR FOR THE BENEFIT OF IVY TECH COMMUNITY COLLEGE. 0 0 3531405 3531405 SOLICITING, RECEIVING, ADMINISTERING AND DISTRIBUTING DONATIONS FOR FINANCIAL AID FOR STUDENTS ATTENDING IVY TECH COMMUNITY COLLEGE. 9344859 4310166 HELPING IVY TECH COMMUNITY COLLEGE OF INDIANA WITH ITS NEEDS FOR LAND, FACILITIES, AND EQUIPMENT. 2029558 PROVIDING SUPPORT FOR SPECIAL, INNOVATIVE PROGRAMS OF IVY TECH COMMUNITY COLLEGE OF INDIANA. 2333669 35500 HELPING FUND OTHER PROGRAM EXPENDITURES FOR IVY TECH COMMUNITY COLLEGE OF INDIANA, INCLUDING FACULTY AND STAFF DEVELOPMENT, EMPLOYEE RECOGNITION, AND COMMUNITY OUTREACH EXPENDITURES 2333669 35500 17239491 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 62 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 59 57 0 0 1 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 IN X X KEVIN HONIGFORD 3179214749 50 WEST FALL CREEK PARKWAY NORTH INDIANAPOLIS IN 462085752 TERRY ANKER CHAIRPERSON 2.00 X X 0 0 0 SUE ELLSPERMANN PRESIDENT, COLLEGE 2.00 38.00 X 0 335665 87485 JOHN M MURPHY PRESIDENT, FOUNDATION 24.00 16.00 X X 0 259459 75372 MICHAEL M HARMLESS VICE CHAIRPERSON 2.00 X X 0 0 0 PATRICK R RALSTON TREASURER 2.00 X X 0 0 0 TERRY L BOWEN SECRETARY 2.00 X X 0 0 0 KEVIN AHAUS BOARD MEMBER 2.00 X 0 0 0 JAMES AULT BOARD MEMBER 2.00 X 0 0 0 PHILLIP BANE BOARD MEMBER 2.00 X 0 0 0 JESSE BRAND BOARD MEMBER 2.00 X 0 0 0 CATHRYN H BRODERICK BOARD MEMBER 2.00 X 0 0 0 CONSTANCE BROWN BOARD MEMBER 2.00 X 0 0 0 W QUINN BUCKNER BOARD MEMBER 2.00 X 0 0 0 LORENE M BURKHART BOARD MEMBER 2.00 X 0 0 0 GEORGE A BUSKIRK JR BOARD MEMBER 2.00 X 0 0 0 LEX CURRY BOARD MEMBER 2.00 X 0 0 0 STEPHEN DAILY BOARD MEMBER 2.00 X 0 0 0 SALLY DEVOE BOARD MEMBER 2.00 X 0 0 0 RONALD FAUQUHER BOARD MEMBER 2.00 X 0 0 0 CONNIE FERGUSON BOARD MEMBER 2.00 X 0 0 0 DAVID FINDLAY BOARD MEMBER 2.00 X 0 0 0 WILLIAM R GOINS BOARD MEMBER 2.00 X 0 0 0 DAVID R GOODMAN JR BOARD MEMBER 2.00 X 0 0 0 JAMES GOTHARD BOARD MEMBER 2.00 X 0 0 0 WILLIAM GUTZWILLER BOARD MEMBER 2.00 X 0 0 0 MARK F HAGERMAN BOARD MEMBER 2.00 X 0 0 0 MARCUS HESTER BOARD MEMBER 2.00 X 0 0 0 CATHERINE POPP HOFFMAN BOARD MEMBER 2.00 X 0 0 0 PAULA HUGHES-SCHUH BOARD MEMBER 2.00 X 0 0 0 ALBERT G HUNTINGTON BOARD MEMBER 2.00 X 0 0 0 J MICHAEL JARVIS BOARD MEMBER 2.00 X 0 0 0 REBECCA KUBACKI BOARD MEMBER 2.00 X 0 0 0 MICHAEL LUNSFORD BOARD MEMBER 2.00 X 0 0 0 MARK T MAASSEL BOARD MEMBER 2.00 X 0 0 0 LEE J MARCHANT BOARD MEMBER 2.00 X 0 0 0 THOMAS MARCUCCILLI BOARD MEMBER 2.00 X 0 0 0 GLEN MUEHLBAUER BOARD MEMBER 2.00 X 0 0 0 DAVID MURRAY BOARD MEMBER 2.00 X 0 0 0 JAMES ORBIK BOARD MEMBER 2.00 X 0 0 0 IZABELA OZDEMIR BOARD MEMBER 2.00 X 0 0 0 PAUL PERKINS BOARD MEMBER 2.00 X 0 0 0 DONNA PFEIL BOARD MEMBER 2.00 X 0 0 0 LU B PORTER BOARD MEMBER 2.00 X 0 0 0 MAMON POWERS III BOARD MEMBER 2.00 X 0 0 0 MELISSA PROFFITT BOARD MEMBER 2.00 X 0 0 0 MARIA QUINTANA BOARD MEMBER 2.00 X 0 0 0 GREG RANGER BOARD MEMBER 2.00 X 0 0 0 NANCY RHODES BOARD MEMBER 2.00 X 0 0 0 WILLIAM F RITZMANN BOARD MEMBER 2.00 X 0 0 0 PHILIP ROBY BOARD MEMBER 2.00 X 0 0 0 LAUREN SALERNO BOARD MEMBER 2.00 X 0 0 0 STEVEN R SCHRECKENGAST BOARD MEMBER 2.00 X 0 0 0 AH SCHUMAKER II BOARD MEMBER 2.00 X 0 0 0 ROLAND SHELTON BOARD MEMBER 2.00 X 0 0 0 STEPHEN STEIN BOARD MEMBER 2.00 X 0 0 0 GREGG A THARP BOARD MEMBER 2.00 X 0 0 0 RICHARD L VONDERHAAR BOARD MEMBER 2.00 X 0 0 0 DARELL E ZINK JR BOARD MEMBER 2.00 X 0 0 0 SCOTT WALLSMITH BOARD MEMBER 2.00 X 0 0 0 DEREK BERGER ASSISTANT SECRETARY 40.00 X 0 145896 47056 MATT HAWKINS ASSISTANT TREASURER 1.00 39.00 X 0 222745 67429 KEVIN HONIGFORD ASSISTANT TREASURER 24.00 16.00 X 0 150436 38894 0 1114201 316236 0 0 1 0 JOHNSON GROSSNICKLE & ASSOC 29 S PARK BLVD GREENWOOD IN 46143 FUNDRAISING CONSULTING 112936 1 740288 2026880 18640677 1618436 21407845 1517891 1517891 27210 27210 1733502 1429216 304286 304286 170867 133419 19921751 18384382 1537369 1537369 1537369 116141 740288 318621 -202480 -202480 VENDING INCOME 900099 543968 543968 OTHER 900099 68696 68696 612664 25204785 170867 0 3626073 X 4345666 4345666 3531405 3531405 18380 18380 71250 71250 189020 189020 127971 127971 141804 23113 51719 66972 80589 80589 231093 2266 160485 68342 24222 21876 1232 1114 1371 1371 19294 19294 855657 855657 17437 17437 BUILDING IMPROVEMENTS 3218850 3218850 SPECIAL PROGRAMS 2029558 2029558 IN-KIND EXPENSES 1259368 1158617 100751 OUTREACH PROGRAM EXPENS 1069633 1069633 2380277 944748 1422434 13095 19612845 17239491 1853471 519883 3188 3186 5255806 3509775 11952799 14703752 265030 242368 26736589 8111776 23891171 18624813 44683869 47810258 5879579 8101920 29042105 28535821 120973547 121531893 1138528 914282 9225148 5541410 1664255 455572 5537900 5337443 17565831 12248707 X 15710097 32607310 55018531 41464105 32679088 35211771 103407716 109283186 120973547 121531893 X 5591940 365679 -82149 X X 0 1 X 1 0 X 19675207 19604541 10174515 14124483 21407845 84986591 19675207 19604541 10174515 14124483 21407845 84986591 2249090 82737501 4649787 4950749 4222081 3966513 3278603 21067733 106054324 4482884 0.78010 0.73890 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 82970 X X X X USE IN ART EDUCATION 0 36407586 2525614 2001367 1967112 38967455 34478825 1132904 2073102 1277245 36407586 32070610 277091 3336450 1185210 20116 34478825 33258201 680182 -519319 1072030 276424 32070610 29318062 4694790 545012 1143560 156103 33258201 0.90300 0.09700 1 0 4814765 4814765 21377758 7660735 13717023 544066 451041 93025 18624813 CERTIFICATES OF DEPOSIT 1600565 F HEDGE FUNDS 4920129 F BENEFICIAL INTEREST IN TRUSTS 1452765 F LIFE INSURANCE CONTRACT 128461 F 8101920 RECEIVABLE FROM RELATED PARTY 23510509 NOTE RECEIVABLE FROM RELATED PARTY 5025312 28535821 ANNUITIES PAYABLE 390154 INTEREST RATE SWAP LIABILITY 243505 CAPITALIZED LEASE OBLIGATIONS 4702774 INVESTMENT IN CEI 1010 5337443 X PART III, LINE 4: COLLECTION CONSISTS OF 50 PIECES OF ARTWORK IN LAFAYETTE REGION, FOR ONE OR MORE OF THE FOLLOWING PURPOSES: 1) FURTHERANCE OF IVY TECH ART PROGRAM, 2) TEACHING ART TO THE ART STUDENTS 3) DISPLAY AS PART OF ITS ART COLLECTIONS. PART V, LINE 4: THE ENDOWMENT FUNDS ARE UTILIZED TO ASSIST THE MISSION OF IVY TECH COMMUNITY COLLEGE. MOST FUNDS PROVIDE SCHOLARSHIPS FOR STUDENTS ATTENDING THE COLLEGE. THE REMAINDER OF THE FUNDS PROVIDE PROGRAMS, FACILITIES, SUPPLIES AND EQUIPMENT TO THE COLLEGE. THE FOUNDATION'S POLICY IS TO ANNUALLY DISTRIBUTE 4% OF THE ENDOWMENT'S ASSET VALUE. PART X, LINE 2: IVY TECH FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). CEP IS A SINGLE MEMBER, MEMBER MANAGED LIMITED LIABILITY COMPANY THAT IS TREATED AS A DISREGARDED ENTITY FOR FEDERAL AND STATE INCOME TAX PURPOSES, AND THUS IS ALSO EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE IRC. IN ADDITION, IVY TECH FOUNDATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE IRC. THERE WAS NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2018 AND 2017. HOWEVER, THE FOUNDATION IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE INTERNAL REVENUE CODE. THERE WAS NO UNRELATED BUSINESS INCOME TAX FOR THE YEARS ENDED JUNE 30, 2019 AND 2018. THE FOUNDATION FILES U.S. FEDERAL AND STATE OF INDIANA TAX AND INFORMATIONAL RETURNS. THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE THE YEAR ENDED JUNE 30, 2016. X X X X X X X 1 JOHNSON GROSSNICKLE & ASSOC 29 S PARK BLVD GREENWOOD IN 46143 FUNDRAISING CONSULTANT 0 18640677 112936 18527741 VITRUVIAN 5420 CENTRAL AVE INDIANAPOLIS IN 46220 FUNDRAISING CONSULTANT - SEE PART IV 0 580596 76084 504512 19221273 189020 19032253 IN CULINARY ARTS DINNER - SOUTH BEND 260534 227881 32653 124785 CULINARY BANQUET - FT WAYNE 85309 78875 6434 19625 30 510585 433532 77053 174210 856428 740288 116140 318620 318620 -202480 SCHEDULE G, PART I, LINE 2B, LIST OF HIGHEST PAID FUNDRAISERS: (I) NAME OF FUNDRAISER: JOHNSON GROSSNICKLE & ASSOC (I) ADDRESS OF FUNDRAISER: 29 S. PARK BLVD, GREENWOOD, IN 46143 (I) NAME OF FUNDRAISER: VITRUVIAN (I) ADDRESS OF FUNDRAISER: 5420 CENTRAL AVE, INDIANAPOLIS, IN 46220 (I) ACTIVITY: FUNDRAISING CONSULTANT - GROSS RECEIPTS IN LINE 2B(IV) DO NOT INCLUDE $2.0M IN REVOCABLE PLANNED GIFT COMMITMENTS 1 VISIT INDY 200 S CAPITOL AVE SUITE 300 INDIANAPOLIS IN 46225 350413010 501(C)(6) 5000 0 TO FURTHER THE EDUCATIONAL MISSION OF IVY TECH COMMUNITY COLLEGE OF INDIANA IVY TECH COMMUNITY COLLEGE OF INDIANA 50 W FALL CREEK PARKWAY N DRIVE INDIANAPOLIS IN 46208 351180631 STATE OF INDIANA 0 4310166 APPRAISAL LAND AND BUILDINGS TO FURTHER THE EDUCATIONAL MISSION OF IVY TECH COMMUNITY COLLEGE OF INDIANA BLOOMINGTON ECONOMIC DEVELOPMENT CORP 1720 N KINSER PIKE BLOOMINGTON IN 47404 351534667 501(C)(6) 10500 0 TO FURTHER THE EDUCATIONAL MISSION OF IVY TECH COMMUNITY COLLEGE OF INDIANA DIMENSION MILL INC 642 N MADISON ST BLOOMINGTON IN 47404 823745526 501(C)(3) 20000 TO FURTHER THE EDUCATIONAL MISSION OF IVY TECH COMMUNITY COLLEGE OF INDIANA 2 2 SCHOLARSHIPS 3769 3531405 PART I, LINE 2: GRANT ALLOCATIONS ARE DIRECTLY GIVEN TO IVY TECH COMMUNITY COLLEGE. THE COLLEGE AWARDS SCHOLARSHIPS BASED ON PRE-SET CRITERIA AND MONITORS THE USE OF THE GRANT MONEY. THE FOUNDATION ALSO PROVIDES GRANTS TO OTHER ORGANIZATIONS TO FURTHER THE EDUCATION MISSION OF IVY TECH COMMUNITY COLLEGE. THESE GRANTS ARE MONITORED ON A CASE-BY-CASE BASIS. X X 1 1 X X 0 0 0 0 0 0 0 0 0 SUE ELLSPERMANN PRESIDENT, COLLEGE 0 279499 0 0 0 56166 0 45787 0 41698 0 423150 0 0 JOHN M MURPHY PRESIDENT, FOUNDATION 0 238649 0 0 0 20810 0 24500 0 50872 0 334831 0 0 DEREK BERGER ASSISTANT SECRETARY 0 135025 0 0 0 10871 0 22192 0 24864 0 192952 0 0 MATT HAWKINS ASSISTANT TREASURER 0 204182 0 0 0 18563 0 33841 0 33588 0 290174 0 0 KEVIN HONIGFORD ASSISTANT TREASURER 0 146238 0 0 0 4198 0 0 0 38894 0 189330 0 0 PART I, LINE 1A ON A PRE-APPROVED BASIS, CERTAIN IVY TECH COMMUNITY COLLEGE EMPLOYEES ARE PROVIDED SOCIAL CLUB MEMBERSHIPS TO ACCOMMODATE BUSINESS NEEDS RELATED TO COLLEGE FUNCTIONS OR COMMUNITY OUTREACH. THE SOCIAL CLUB MEMBERSHIP DUES ARE PAID BY THE IVY TECH FOUNDATION. ANY PERSONAL USE OF SOCIAL CLUB MEMBERSHIPS IS A TAXABLE FRINGE BENEFIT AND IS INCLUDED IN THE TAXABLE WAGES OF EMPLOYEES RECEIVING THE BENEFIT. ADDITIONALLY, PAY IS INCREASED/GROSSED UP TO COMPENSATE EMPLOYEES FOR THE ESTIMATED TAXES OWED AS A RESULT OF ANY DERIVED TAXABLE INCOME. A OLD NATIONAL BANK 351729164 2012-06-19 1833253 PURCHASE REAL ESTATE USED BY IVY TECH 0 0 0 A 37605 1833253 2011 0 1 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 1 1 OLD NATIONAL BANK 24.000000000000 0 0 0 0 0 A 0 X 8681 FMV X 5000 FMV X 23 238242 FMV X 3 67200 APPRAISAL FMV X 13 129104 STOCK EXCHANGE PRICE X MISCELLANEOUS ITEMS 354 697709 FAIR MARKET VALUE X MACHINERY AND EQUIPMENT 2 472500 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 4 THE FOUNDATION'S AUDIT AND ADMINISTRATIVE POLICIES COMMITTEE AND GOVERNANCE COMMITTEE CONDUCTED A FOCUSED REVIEW ON THE ARTICLES OF INCORPORATION AND BY LAWS, INCLUDING UPDATING OUTDATED PROVISIONS, REVISING OR REMOVING PROVISIONS THAT OFTEN CHANGE, ENSURING PROPER BALANCE OF THE FOUNDATION'S RELATIONSHIP WITH COLLEGE, AND PROVIDING CLARITY TO PROVISIONS RELATED TO BOARD MEMBERSHIP FOR STATE TRUSTEES. AS A RESULT OF THE REVIEW, THE FOLLOWING WERE THE MORE SIGNIFICANT CHANGES MADE: 1) CURRENTLY, THE BYLAWS AND ARTICLES OF INCORPORATION REQUIRE THERE TO BE FOUR (4) DIRECTORS ELECTED ANNUALLY BY AND FROM THE MEMBERSHIP OF THE STATE TRUSTEES OF THE COLLEGE. A CHANGE WAS MADE TO MODIFY THE ARTICLES OF INCORPORATION TO ALLOW A MINIMUM OF FOUR (4) AND A MAXIMUM OF SIX (6) OF THE DIRECTORS TO BE SERVING AS MEMBERS OF THE STATE TRUSTEES 2) CURRENTLY, THE BYLAWS HAVE THE OFFICERS IN THE POSITIONS OF VICE PRESIDENT, THE TWO (2) ASSISTANT TREASURERS AND AN ASSISTANT SECRETARY AS BEING THOSE PERSONS DESIGNATED BY THEIR TITLE WITHIN THEIR EMPLOYMENT WITH THE COLLEGE. A CHANGE WAS MADE TO ALLOW THE PRESIDENT OF THE CORPORATION TO SPECIFICALLY DESIGNATE THOSE OFFICERS, REGARDLESS OF TITLE. 3) AMENDING THE BYLAWS TO ESTABLISH THE USE OF A SEPARATE CHARTER SETTING FORTH THE DUTIES AND RESPONSIBILITIES, MEMBERSHIP, AND PROCEDURES FOR THE CONDUCT OF STANDING COMMITTEES OF THE BOARD: FINANCE, STRATEGIC INITIATIVES, DEVELOPMENT, AUDIT AND ADMINISTRATIVE POLICIES, AND GOVERNANCE COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF FORM 990 WILL FIRST BE THOROUGHLY REVIEWED BY THE AUDIT AND ADMINISTRATIVE POLICIES COMMITTEE. ANY APPROPRIATE REVISIONS WILL BE MADE AND THEN THE UPDATED FORM 990 WILL BE SENT TO ALL BOARD MEMBERS FOR THEIR REVIEW AND COMMENTS. AGAIN, ANY APPROPRIATE REVISIONS WILL BE MADE BEFORE FILING. IF SUBSTANTIAL REVISIONS ARE NEEDED, THE FORM 990 WILL BE CIRCULATED A SECOND TIME TO ALL BOARD MEMBERS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY INCLUDES A FORM TO BE COMPLETED AND SUBMITTED ANNUALLY. THE FORM REQUIRES INFORMATION REGARDING EACH RECIPIENTS FINANCIAL INTERESTS AND EMPLOYMENT. THE CONTENTS OF EACH FORM IS REVIEWED BY THE ASSISTANT TREASURER TO ASSESS ANY POTENTIAL CONFLICTS OF INTEREST. IF CONFLICTS OF INTEREST EXIST, THE POLICY PROVIDES THE PROCEDURAL GUIDELINES. FORM 990, PART VI, SECTION B, LINE 15 THE IVY TECH FOUNDATION HAS NO EMPLOYEES. THE FOUNDATION CONTRACTS WITH IVY TECH COMMUNITY COLLEGE FOR SERVICES PERFORMED BY COLLEGE EMPLOYEES THAT BENEFIT THE FOUNDATION. COLLEGE SALARIES ARE ESTABLISHED BASED UPON COMPARATIVE SALARY ANALYSIS OF COLLEGE EMPLOYEES IN COMPARABLE POSITIONS, CONSIDERATION OF ECONOMIES OF SCALE, INPUT FROM HUMAN RESOURCES AND FINAL APPROVAL OF APPROPRIATE COLLEGE OFFICER. FORM 990, PART VI, SECTION C, LINE 18 THE IVY TECH FOUNDATION ONLY FILES FORM 990 AND MAKES IT AVAILABLE TO THE PUBLIC AS FOLLOWS: 1) IVY TECH COMMUNITY COLLEGE'S WEBSITE, 2) IVY TECH FOUNDATION'S CENTRAL OFFICE LOCATION IN INDIANAPOLIS, IN AND 3) UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC AS FOLLOWS: 1) IVY TECH COMMUNITY COLLEGE'S WEBSITE, 2) INCLUSION WITHIN IVY TECH COMMUNITY COLLEGE'S ANNUAL FINANCIAL REPORT, WHICH IS AVAILABLE TO THE PUBLIC AND 3) UPON REQUEST. FORM 990, PART IX, LINE 24E ADMINISTRATION EXPENSE PAID TO COLLEGE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 766,665. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 766,665. INSTRUCTION SUPPLIES AND EQUIPMENT: PROGRAM SERVICE EXPENSES 657,226. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 657,226. BAD DEBT EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 606,575. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 606,575. FACULTY AND STAFF DEVELOPMENT: PROGRAM SERVICE EXPENSES 184,295. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 184,295. AWARDS AND RECOGNITION: PROGRAM SERVICE EXPENSES 64,348. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 64,348. OTHER EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 41,549. FUNDRAISING EXPENSES 13,095. TOTAL EXPENSES 54,644. ALUMNI ASSOCIATION: PROGRAM SERVICE EXPENSES 38,879. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 38,879. ANNUITY OBLIGATION: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 7,645. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,645. FORM 990, PART XI, LINE 9: GAIN/LOSS ON INTEREST RATE SWAP -82,149. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. COMMUNITY ENTERPRISES PROPERTIES LLC 50 W FALL CREEK PARKWAY N DRIVE INDIANAPOLIS IN 46208 271333852 REAL ESTATE HOLDING IN -1184021 15743877 IVY TECH FOUNDATION INC IVY TECH COMMUNITY COLLEGE OF INDIANA 50 W FALL CREEK PARKWAY N DRIVE INDIANAPOLIS IN 46208 351180631 POST-SECONDARY EDUCATION IN N/A 0 IVY TECH PROPERTIES INC 50 W FALL CREEK PARKWAY NORTH DRIVE INDIANAPOLIS IN 46208 454551412 ACQUIRE,OWN AND REDEVELOP PROPERTY FOR THE BENEFIT OF IVY TECH COMMUNITY COL IN 501(C)(2) IVY TECH FOUNDATION INC 0 COMMUNITY ENTERPRISES INC 50 W FALL CREEK PARKWAY N DRIVE INDIANAPOLIS IN 46208 943447601 INVESTMENTS IN N/A C -1425 1.00000 0 0 1 1 1 0 0 1 0 0 1 1 0 0 1 1 0 0 1 0 IVY TECH COMMUNITY COLLEGE OF INDIANA - SCHOLARSHIPS B 3531405 CASH IVY TECH COMMUNITY COLLEGE OF INDIANA O 766665 FMV IVY TECH COMMUNITY COLLEGE OF INDIANA - RENT J 973421 FMV IVY TECH COMMUNITY COLLEGE OF INDIANA R 1940955 FMV IVY TECH PROPERTIES INC D 24469935 FMV IVY TECH PROPERTIES INC (RENTAL INCOME) K 483289 FMV IVY TECH COMMUNITY COLLEGE OF INDIANA- CAPITAL LEASE D 5025312 FMV COMMUNITY ENTERPRISES INC D 1010 FMV IVY TECH COMMUNITY COLLEGE OF INDIANA B 2026880 CASH IVY TECH COMMUNITY COLLEGE OF INDIANA - PROPERTIES B 4310164 FMV