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ILLINOIS INSTITUTE OF TECHNOLOGY: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
ILLINOIS INSTITUTE OF TECHNOLOGY (EIN 36-2170136)
Tax period
2016-06-01 to 2017-05-31
Filed
2018-03-26
IRS object ID
201810859349300711
Schema version
2016v3.0
Source
Download XML · Original 990 at ProPublica

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

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2018-03-26T11:00:09-05:00ReturnTs
Tax Period End2017-05-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN350921680PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CROWE HORWATH LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1225 West Wacker Drive Suite 2600AddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP606061224ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-06-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN362170136EIN

Business Name BusinessName

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

US Address USAddress

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

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL HORANPersonNm
Person TitleVP FINANCE, CFO, & TREASURERPersonTitleTxt
Signature2018-03-26SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonNICOLE BENCIKPreparerPersonNm
PTINP00756195PTIN
Phone3128997000PhoneNum
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

FieldValueIRS element (for citing)
Business Name Line1Alan W CrambBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1SUITE 1900 10 W 35TH STREETAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60616ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$398,597,404GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.IIT.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1940FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionTO PROVIDE DISTINCTIVE AND RELEVANT EDUCATION IN AN ENVIRONMENT OF SCIENTIFIC, TECHNOLOGICAL, AND PROFESSIONAL KNOWLEDGE CREATION AND INNOVATION.ActivityOrMissionDesc
Voting Members Governing Body65VotingMembersGoverningBodyCnt
Voting Members Independent61VotingMembersIndependentCnt
Total Employee4370TotalEmployeeCnt
Total Volunteers105TotalVolunteersCnt
Total Gross UBI$187,398TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$15,917NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$70,771,692PYContributionsGrantsAmt
CY Contributions Grants$58,277,789CYContributionsGrantsAmt
PY Program Service Revenue$284,723,693PYProgramServiceRevenueAmt
CY Program Service Revenue$286,238,062CYProgramServiceRevenueAmt
PY Investment Income$18,092,893PYInvestmentIncomeAmt
CY Investment Income$6,681,794CYInvestmentIncomeAmt
PY Other Revenue$408,824PYOtherRevenueAmt
CY Other Revenue$773,065CYOtherRevenueAmt
PY Total Revenue$373,997,102PYTotalRevenueAmt
CY Total Revenue$351,970,710CYTotalRevenueAmt
PY Grants And Similar Paid$104,865,742PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$106,662,830CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$159,968,763PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$151,259,827CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$60,956PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$48,839CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$9,432,834CYTotalFundraisingExpenseAmt
PY Other Expenses$103,136,901PYOtherExpensesAmt
CY Other Expenses$102,895,629CYOtherExpensesAmt
PY Total Expenses$368,032,362PYTotalExpensesAmt
CY Total Expenses$360,867,125CYTotalExpensesAmt
PY Revenues Less Expenses$5,964,740PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$8,896,415CYRevenuesLessExpensesAmt
Total Assets BOY$566,604,624TotalAssetsBOYAmt
Total Assets EOY$583,297,526TotalAssetsEOYAmt
Total Liabilities BOY$247,608,564TotalLiabilitiesBOYAmt
Total Liabilities EOY$248,671,425TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$318,996,060NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$334,626,101NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO PROVIDE DISTINCTIVE AND RELEVANT EDUCATION IN AN ENVIRONMENT OF SCIENTIFIC, TECHNOLOGICAL, AND PROFESSIONAL KNOWLEDGE CREATION AND INNOVATION.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$195,292,749ExpenseAmt
Grant$106,662,830GrantAmt
Revenue$204,472,419RevenueAmt
DescINSTRUCTION SUPPORT:- Instruction supports 40 academic majors, more than 70 minors, and a variety of specializations and is made up of nearly 7,300 students, including 2,724 undergraduate, 2,816 graduate, 731 law students, and 615 Ph.D. candidates. The University offered and awarded 691 bachelor, 1,771 master, 224 J.D., and 89 Ph.D. degrees during the 2017 academic year. The University's signature Interprofessional Projects Program (IPRO) joins together students from various academic disciplines to work as a team to tackle a real-world problem using design-centered methodology and innovative thinking. 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. Students from architecture, engineering, and humanities may create low-cost shelter solutions, or chemistry, business, and law students may develop best practices in CO2-reducing technologies. Such experiential learning reinforces traditional education methods, providing students a richer academic experience. When they graduate, they have learned to "speak the language" of other professions and have learned that problems can be "framed" from many different perspectives. Sustainability IPRO projects aim to preserve our environmental heritage through exploration of technologies, behaviors, and practices that change our way of thinking, working, and living. Recently, IPRO project teams collaborated on developing a prototype desalination device for the Sahara, built sustainable water distribution systems in Haiti, developed renovations for a historic neighborhood theater, developed an assistive device to help visually impaired people swim, and devised a mobile operating room for disaster relief in third-world countries. The University's Idea Shop is where ideas are transformed into reality. The Idea Shop is a 13,000-square-foot innovation hub that features computer visualization tools, a rapid-prototyping lab featuring 3-D printers and 3-D scanners, multiple CNC milling machines, a vacuum former, and laser cutter. This is where University students from all fields of study generate breakthrough ideas and guide them from concept to launch. The Idea Shop is one-part entrepreneurial center and one-part gathering place, with full-time staff dedicated to helping students test the limits of their imagination.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$35,814,056ExpenseAmt
Revenue$39,811,240RevenueAmt
DescRESEARCH:- Research awards received in fiscal year 2017 were $34.7 million. IIT received awards in the areas of science, engineering, technology, and mathematics all of which are synergistic with the strategic plan. Notably, the Electrical and Computer Engineering Department received 37 awards totaling $4.7 million and the Computer Science Department received 34 awards for $2.2 million. Also, the Biomedical Engineering Department received 22 awards for $5.2 million, the Biological Science Department 10 awards for $1.7 million, Mechanical Material and Aerospace Engineering 30 awards totaling $3.5 million, Physics Department 45 awards totaling $4.4 million and the Department of Psychology 13 awards for $1.2 million. In addition, the National Center for Food Safety and Technology received 37 awards totaling $6 million.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$20,599,183ExpenseAmt
Revenue$13,635,361RevenueAmt
DescAUXILIARY SERVICES:- This provides for campus housing and dining for the students and includes residence halls and a dining room, apartment-style buildings, five fraternity houses, and two sorority houses.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (2 entries)

ExpenseExpenseAmtRevenueRevenueAmtDescDesc
$19,359,601$19,855,932STUDENT SERVICES:- This program provides health, academic, transitional assistance, student orientation and other student services including the student finance center, admissions, and registration. In addition, these services also include the dean of students and student activities and minority programs.
$16,051,071$8,277,017ACADEMIC 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 Provost's office offers several programs that provide advising and counseling.
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$35,410,672TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue$28,132,949TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$287,116,660TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesYes (true)LobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsYes (true)TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficeYes (true)ForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingYes (true)ProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsYes (true)TaxExemptBondsInd
Invest Tax Exempt BondsfalseInvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemYes (true)BusinessRlnWithFamMemInd
Business Rln With Officer EntYes (true)BusinessRlnWithOfficerEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionYes (true)DeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntYes (true)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (true)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document6709IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee4370EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountYes (true)ForeignFinancialAccountInd
Foreign CountryINForeignCountryCd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsYes (true)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (true)QuidProQuoContriDisclInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members65GoverningBodyVotingMembersCnt
Independent Voting Member61IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldMDStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldSCStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

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

US Address USAddress

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

Form990 Part VII Section A Form990PartVIISectionAGrp (95 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
Alan Cramb
President39.01.0Yes (X)Yes (X)$659,010$0$44,519
Craig J Duchossois
Vice Chair1.00.0Yes (X)Yes (X)$0$0$0
Edward L Kaplan
VICE CHAIR & CHAIR OF EXEC COMMITTEE1.00.0Yes (X)Yes (X)$0$0$0
Victor A Morgenstern
Vice Chair1.00.0Yes (X)Yes (X)$0$0$0
David J Vitale
Vice Chair1.00.0Yes (X)Yes (X)$0$0$0
Alan W Wendorf
Chairman of the Board1.00.0Yes (X)Yes (X)$0$0$0
Andrew V Agostini
Partial Year Trustee1.00.0Yes (X)$0$0$0
Williams C Bartholomay
Trustee1.00.0Yes (X)$0$0$0
Andrea L Berry
Trustee1.00.0Yes (X)$0$0$0
John P Calamos Sr
Trustee1.00.0Yes (X)$0$0$0
Martin Cooper
Trustee1.00.0Yes (X)$0$0$0
Robert A Cornog
Trustee1.00.0Yes (X)$0$0$0
James E Cowie
Trustee1.00.0Yes (X)$0$0$0
David L Crowell
Trustee1.00.0Yes (X)$0$0$0
A Steven Crown
Trustee1.00.0Yes (X)$0$0$0
James Dugan
Trustee1.00.0Yes (X)$0$0$0
Bryan R Dunn
Trustee1.00.0Yes (X)$0$0$0
James R Gagnard
Trustee1.00.0Yes (X)$0$0$0
Michael P Galvin
Trustee1.00.0Yes (X)$0$0$0
S Christopher Gladwin
Trustee1.00.0Yes (X)$0$0$0
Jamshyd N Godrej
Trustee1.00.0Yes (X)$0$0$0
Alvin L Gorman
Trustee1.00.0Yes (X)$0$0$0
Michael J Graff
Trustee1.00.0Yes (X)$0$0$0
Rajinder P Gupta
Trustee1.00.0Yes (X)$0$0$0
Marc R Hannah
Trustee1.00.0Yes (X)$0$0$0
Elzie L Higginbottom
Trustee1.00.0Yes (X)$0$0$0
James Hill Jr
Trustee1.00.0Yes (X)$0$0$0
Martin C Jischke
Trustee1.00.0Yes (X)$0$0$0
Ellen M Jordan
Trustee1.00.0Yes (X)$0$0$0
Norbert O Kaiser
Trustee1.00.0Yes (X)$0$0$0
Jeffrey A Karp
Trustee1.00.0Yes (X)$0$0$0
Patrick J Kelly
Trustee1.00.0Yes (X)$0$0$0
James W Kiley
Partial Year Trustee1.00.0Yes (X)$0$0$0
Jules F Knapp
Trustee1.00.0Yes (X)$0$0$0
Kaarina Koskenalusta
Trustee1.00.0Yes (X)$0$0$0
Joel D Krauss
Trustee1.00.0Yes (X)$0$0$0
John Krenhbiel Jr
Trustee1.00.0Yes (X)$0$0$0
Thomas E Lanctot
Trustee1.00.0Yes (X)$0$0$0
Eric C Larson
Trustee1.00.0Yes (X)$0$0$0
Bruce C Liimatainen
Trustee1.00.0Yes (X)$0$0$0
Sherrie B Littlejohn
Trustee1.00.0Yes (X)$0$0$0
Victor Lo
Trustee1.00.0Yes (X)$0$0$0
Dirk Lohan
Trustee1.00.0Yes (X)$0$0$0
Paul D McCoy
Trustee1.00.0Yes (X)$0$0$0
Paul McKenzie
Partial Year Trustee1.00.0Yes (X)$0$0$0
David E Mendelsohn
Trustee1.00.0Yes (X)$0$0$0
David J Miniat
Trustee1.00.0Yes (X)$0$0$0
Rosemarie Mitchell
Trustee1.00.0Yes (X)$0$0$0
Edward L Monser IV
Trustee1.00.0Yes (X)$0$0$0
Anita M Nagler
Trustee1.00.0Yes (X)$0$0$0
Walter Nathan
Trustee1.00.0Yes (X)$0$0$0
Madhavan K Nayar
Trustee1.00.0Yes (X)$0$0$0
Adrian R Nemcek
Partial Year Trustee1.00.0Yes (X)$0$0$0
John G Olin
Trustee1.00.0Yes (X)$0$0$0
Michael J Pacilio
Partial Year Trustee1.00.0Yes (X)$0$0$0
Robert J Potter
Trustee1.00.0Yes (X)$0$0$0
Mayari Pritzker
Trustee1.00.0Yes (X)$0$0$0
John W Rowe
Trustee1.00.0Yes (X)$0$0$0
Carole Browe Segal
Trustee1.00.0Yes (X)$0$0$0
Bernard F Sergesketter
Trustee1.00.0Yes (X)$0$0$0
Harold Singleton III
Trustee1.00.0Yes (X)$0$0$0
Carl S Spetzler
Trustee1.00.0Yes (X)$0$0$0
Efthimios J Stojka
Trustee1.00.0Yes (X)$0$0$0
John Tracy
Partial Year Trustee1.00.0Yes (X)$0$0$0
Stephen C Urrutia
Trustee1.00.0Yes (X)$0$0$0
David Van Eekeren
Trustee1.00.0Yes (X)$0$0$0
Brian C Walker
Trustee1.00.0Yes (X)$0$0$0
Priscilla Anne Walter
Trustee1.00.0Yes (X)$0$0$0
Ralph Wanger
Trustee1.00.0Yes (X)$0$0$0
Robert J Washlow
Trustee1.00.0Yes (X)$0$0$0
Kevin W Willer
Trustee1.00.0Yes (X)$0$0$0
Frances Bronet
Provost39.01.0Yes (X)$546,519$0$39,757
Betsy Hughes
Vice Pres, Inst Advancement39.00.0Yes (X)$348,884$0$44,519
Patricia Laughlin
Vice Pres, Finance & Admin39.01.0Yes (X)$341,437$0$37,514
Robert Brackett
Vice President/Professor39.00.0Yes (X)$311,769$0$30,629
Darsh Wasan
Vice Pres & Motorola Professor39.00.0Yes (X)$297,612$0$37,373
Ophir Trigalo
Vice Provost, CIO39.00.0Yes (X)$269,530$0$44,519
Edwin Watts
VP Admnstrn/Facilities/Pub Saf39.00.0Yes (X)$266,365$0$25,472
Michael Gosz
Assoc. Prof MMAE/VP Enrollment39.00.0Yes (X)$253,021$0$42,447
Anthony D'Amato
Vice Pres, Genr'l Cnsl & Sec39.01.0Yes (X)$251,448$0$30,770
David Baker
Vice President, External Aff39.00.0Yes (X)$211,952$0$18,873
Leroy Kennedy
VP, Community Affairs & Outrch39.00.0Yes (X)$187,100$0$19,360
Jess Goode
Vice President for External Affairs39.00.0Yes (X)$25,332$0$0
Natacha DePaola
Kaplan Dean of Engineering39.00.0$460,801$0$44,312Yes (X)
Russell Betts
Dean, College of Science39.00.0$386,190$0$23,850Yes (X)
Harold Krent
Dean & Professor of Law39.00.0$374,656$0$36,967Yes (X)
Wiel Arets
Dean, John & Jeanne Rowe Chair39.00.0$317,168$0$23,850Yes (X)
John Anderson
Distinguished Professor39.00.0$711,332$0$37,373Yes (X)
Mohammad Shahidehpour
Distinguished Bodine Professor39.00.0$358,059$0$44,312Yes (X)
Hamid Arastoopour
Director, WISER/Professor39.00.0$328,764$0$37,514Yes (X)
Eunice Santos
Chair/Hochsprung Chair39.00.0$285,649$0$29,915Yes (X)
Heather Harper
Clinical Assistant Professor39.00.0$280,738$0$33,550Yes (X)
Donna Robertson
John & Jeanne Rowe Professor; Former KE39.00.0$206,542$0$29,662Yes (X)
Harvey Kahalas
Dean/Professor of Mgmt39.00.0$383,243$0$37,373Yes (X)
Patrick Whitney
Steelcase/Robert Pew Professor39.00.0$308,465$0$34,618Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$8,371,586TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$829,048TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K371IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (true)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsYes (true)CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmtAddress Line2ContractorAddress/USAddress/AddressLine2Txt
Sodexo Inc and Affiliates
4880 Payshere CircleChicagoIL60674Food Service$6,262,747
Crb Federal LLC
Technolgy Business CenterSt LouisMO63146Property Management$2,725,26355 Westport Plaza
Pepper Construction Co
411 Lake Zurich RoadBarringtonIL60010Construction$2,527,543
ABM Onsite Services Midwest Inc
75 Remittance DriveChicagoIL606753011Janitorial$2,518,167
Apex3 Security LLC
1535 Brandy ParkwayStreamwoodIL60107Campus Security$2,388,424
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K94CntrctRcvdGreaterThan100KCnt
Fundraising$390,702FundraisingAmt
Government Grants$44,641,151GovernmentGrantsAmt
All Other Contributions$13,245,936AllOtherContributionsAmt
Noncash Contributions$4,571,173NoncashContributionsAmt
Total Contributions$58,277,789TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
Tuition and Fees900000$252,591,676$252,591,676
Sales/Services of Auxiliary Enterprises900000$13,635,361$13,449,268$186,093
Student Services900000$20,042,025$20,042,025
Equity Interest on IITRI900000-$31,000-$31,000

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$286,238,062TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,195,130TotalRevenueColumnAmt
Unrelated Business Revenue$1,305UnrelatedBusinessRevenueAmt
Exclusion$4,193,825ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$1,415,013RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$591,649RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$823,364RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$823,364TotalRevenueColumnAmt
Exclusion$823,364ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$47,849,000SecuritiesAmt
Other$581,475OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$42,188,160SecuritiesAmt
Other$3,755,651OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$5,660,840SecuritiesAmt
Other-$3,174,176OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,486,664TotalRevenueColumnAmt
Exclusion$2,486,664ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$40,935FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$390,702ContriRptFundraisingEventAmt
Fundraising Direct Expenses$91,234FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$50,299TotalRevenueColumnAmt
Exclusion-$50,299ExclusionAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

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

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$351,970,710TotalRevenueColumnAmt
Related Or Exempt Func Income$286,051,969RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$187,398UnrelatedBusinessRevenueAmt
Exclusion$7,453,554ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$106,662,830TotalAmt
Program Services$106,662,830ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$7,646,125TotalAmt
Program Services$2,701,759ProgramServicesAmt
Management And General$2,796,502ManagementAndGeneralAmt
Fundraising$2,147,864FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$205,710TotalAmt
Program Services$205,710ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$117,331,351TotalAmt
Program Services$93,639,275ProgramServicesAmt
Management And General$18,850,546ManagementAndGeneralAmt
Fundraising$4,841,530FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$6,322,763TotalAmt
Program Services$4,888,076ProgramServicesAmt
Management And General$1,166,659ManagementAndGeneralAmt
Fundraising$268,028FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$13,455,766TotalAmt
Program Services$6,949,229ProgramServicesAmt
Management And General$6,147,768ManagementAndGeneralAmt
Fundraising$358,769FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$6,298,112TotalAmt
Program Services$4,878,053ProgramServicesAmt
Management And General$1,149,084ManagementAndGeneralAmt
Fundraising$270,975FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$358,899TotalAmt
Program Services$14,172ProgramServicesAmt
Management And General$344,727ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$511,475TotalAmt
Management And General$511,475ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$200,000TotalAmt
Management And General$200,000ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$48,839TotalAmt
Fundraising$48,839FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$695,754TotalAmt
Management And General$695,754ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$23,559,722TotalAmt
Program Services$18,449,200ProgramServicesAmt
Management And General$4,273,879ManagementAndGeneralAmt
Fundraising$836,643FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$563,979TotalAmt
Program Services$222,419ProgramServicesAmt
Management And General$329,260ManagementAndGeneralAmt
Fundraising$12,300FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$6,164,506TotalAmt
Program Services$4,844,039ProgramServicesAmt
Management And General$1,002,285ManagementAndGeneralAmt
Fundraising$318,182FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$2,093,852TotalAmt
Program Services$787,902ProgramServicesAmt
Management And General$1,268,176ManagementAndGeneralAmt
Fundraising$37,774FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$41,598,158TotalAmt
Program Services$39,915,595ProgramServicesAmt
Management And General$1,682,563ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$3,569,466TotalAmt
Program Services$2,732,454ProgramServicesAmt
Management And General$555,558ManagementAndGeneralAmt
Fundraising$281,454FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$307,487TotalAmt
Program Services$225,947ProgramServicesAmt
Management And General$71,064ManagementAndGeneralAmt
Fundraising$10,476FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$9,636,038TotalAmt
Management And General$9,636,038ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$12,916,400TotalAmt
Management And General$12,916,400ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$719,893TotalAmt
Management And General$719,893ManagementAndGeneralAmt

All Other Expenses AllOtherExpensesGrp

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

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$360,867,125TotalAmt
Program Services$287,116,660ProgramServicesAmt
Management And General$64,317,631ManagementAndGeneralAmt
Fundraising$9,432,834FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$3,087,102BOYAmt
EOY$9,509,603EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$6,401,289BOYAmt
EOY$3,950,623EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$23,035,562BOYAmt
EOY$18,240,866EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$5,185,772BOYAmt
EOY$3,691,978EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$9,673,720BOYAmt
EOY$9,231,142EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$4,310,725BOYAmt
EOY$4,041,862EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$518,531,533LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$264,967,589LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$252,937,355BOYAmt
EOY$253,563,944EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$209,307,360BOYAmt
EOY$228,374,830EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$14,789,133BOYAmt
EOY$14,395,758EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$16,487,586BOYAmt
EOY$16,456,586EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$21,389,020BOYAmt
EOY$21,840,334EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$566,604,624BOYAmt
EOY$583,297,526EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$28,607,975BOYAmt
EOY$30,537,964EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$13,175,732BOYAmt
EOY$18,044,950EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$176,500,000BOYAmt
EOY$171,160,000EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

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

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$15,324,857BOYAmt
EOY$14,928,511EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$247,608,564BOYAmt
EOY$248,671,425EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$57,578,499BOYAmt
EOY$67,650,938EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$54,630,141BOYAmt
EOY$55,958,848EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$206,787,420BOYAmt
EOY$211,016,315EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$318,996,060BOYAmt
EOY$334,626,101EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$566,604,624BOYAmt
EOY$583,297,526EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$8,896,415ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$18,190,355NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$6,336,101OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

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

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$80,682,566CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$62,223,718CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$63,420,177CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$70,771,692CurrentTaxYearMinus1YearAmt
Current Tax Year$58,277,789CurrentTaxYearAmt
Total$335,375,942TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$80,682,566CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$62,223,718CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$63,420,177CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$70,771,692CurrentTaxYearMinus1YearAmt
Current Tax Year$58,277,789CurrentTaxYearAmt
Total$335,375,942TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$5,294,857SubstantialContributorsTotAmt
Public Support Total170$330,081,085PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,260,951CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$5,169,525CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,056,675CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,450,043CurrentTaxYearMinus1YearAmt
Current Tax Year$5,610,143CurrentTaxYearAmt
Total$25,547,337TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt
FieldValueIRS element (for citing)
Total Support$360,923,279TotalSupportAmt
Gross Receipts Rltd Activities$1,378,362,507GrossReceiptsRltdActivitiesAmt
Public Support CY1700.9145PublicSupportCY170Pct
Public Support PY1700.9255PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

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

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
VolunteersfalseVolunteersInd
Paid Staff Or ManagementYes (true)PaidStaffOrManagementInd
Media AdvertisementsfalseMediaAdvertisementsInd
Mailings MembersfalseMailingsMembersInd
Publications Or BroadcastfalsePublicationsOrBroadcastInd
Grants Other OrganizationsfalseGrantsOtherOrganizationsInd
Direct Contact LegislatorsYes (true)DirectContactLegislatorsInd
Direct Contact Legislators$200,000DirectContactLegislatorsAmt
Rallies DemonstrationsfalseRalliesDemonstrationsInd
Other ActivitiesfalseOtherActivitiesInd
Total Lobbying Expenditures$200,000TotalLobbyingExpendituresAmt
Not Described Section501c3falseNotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITYHOLLAND & KNIGHT REPRESENTED THE ILLINOIS INSTITUTE OF TECHNOLOGY (IIT) BEFORE THE FEDERAL GOVERNMENT ON ISSUES RELATED TO FUNDING VARIOUS RESEARCH PROGRAMS. 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.
Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITYHOLLAND & KNIGHT REPRESENTED THE ILLINOIS INSTITUTE OF TECHNOLOGY (IIT) BEFORE THE FEDERAL GOVERNMENT ON ISSUES RELATED TO FUNDING VARIOUS RESEARCH PROGRAMS. 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.

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

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

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$240,752,501BeginningYearBalanceAmt
Contributions$4,929,000ContributionsAmt
Investment Earnings Or Losses-$6,234,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$5,407,125GrantsOrScholarshipsAmt
Other Expenditures$7,192,875OtherExpendituresAmt
End Year Balance$226,847,501EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$239,982,501BeginningYearBalanceAmt
Contributions$1,394,000ContributionsAmt
Investment Earnings Or Losses$11,076,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$4,891,780GrantsOrScholarshipsAmt
Other Expenditures$6,808,220OtherExpendituresAmt
End Year Balance$240,752,501EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$221,908,302BeginningYearBalanceAmt
Contributions$5,620,000ContributionsAmt
Investment Earnings Or Losses$23,554,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$4,676,028GrantsOrScholarshipsAmt
Other Expenditures$3,923,773OtherExpendituresAmt
Administrative Expenses$2,500,000AdministrativeExpensesAmt
End Year Balance$239,982,501EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$198,412,763BeginningYearBalanceAmt
Contributions$4,754,000ContributionsAmt
Investment Earnings Or Losses$29,442,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$4,621,416GrantsOrScholarshipsAmt
Other Expenditures$6,079,045OtherExpendituresAmt
End Year Balance$221,908,302EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.22BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.78PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.0TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$19,911,196OtherCostOrOtherBasisAmt
Book Value$19,911,196BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$392,184,754OtherCostOrOtherBasisAmt
Depreciation$204,448,412DepreciationAmt
Book Value$187,736,342BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$88,820,484OtherCostOrOtherBasisAmt
Depreciation$60,519,177DepreciationAmt
Book Value$28,301,307BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$17,615,099OtherCostOrOtherBasisAmt
Book Value$17,615,099BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$253,563,944TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)

DescDescAmtAmt
Obligation under split interest$612,666
Deposits by students & others$2,416,515
Postretirement benefit obligation$2,408,234
Asset retirement obligation$1,851,215
Advances from U.S. Gov't for student loans$7,639,881
FieldValueIRS element (for citing)
Total Liability$14,928,511TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule D, Part V, Line 4 Intended uses of endowment fundsThe purpose of the endowment funds is to facilitate donors' desires to make substantial long-term gifts to the community 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) footnoteIncome Taxes 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, 2017 and 2016, 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 2014.

Schedule E IRS990ScheduleE

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

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICYPOLICY PUBLISHED YEARLY IN VARIOUS STUDENT BULLETINS. IT ALSO APPEARS ON APPLICATIONS, AND OTHER FORMS, AND IT IS POSTED ON THE UNIVERSITY'S WEBSITE.
Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTDepartment of Education:- Federal Supplemental Education Opportunity Grants Federal Direct Loans Federal Work Study Program Federal 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

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (4 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
Europe (Including Iceland and Greenland)01Program ServicesSTUDENT RECRUITING.$191,714
South Asia66Program ServicesFACILITATE DELIVERY OF ON-LINE EDUCATIONAL PROGRAMS AND STUDENT RECRUITING.$144,942
East Asia and the Pacific02Program ServicesSTUDENT RECRUITING.$370,570
South America01Program ServicesSTUDENT RECRUITING.$33,832
FieldValueIRS element (for citing)
Subtotal Offices6SubtotalOfficesCnt
Subtotal Employees10SubtotalEmployeesCnt
Continutation Total Office0ContinutationTotalOfficeCnt
Continutation Total Employee0ContinutationTotalEmployeeCnt
Total Office6TotalOfficeCnt
Total Employee10TotalEmployeeCnt
Subtotal Spent$741,058SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$741,058TotalSpentAmt
Transfer To Foreign CorpYes (true)TransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipYes (true)ForeignCorpOwnershipInd
Passive Foreign Investmest CofalsePassiveForeignInvestmestCoInd
Foreign PartnershipfalseForeignPartnershipInd
Boycott CountriesfalseBoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

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

Schedule G IRS990ScheduleG

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

Fundraiser Activity Info FundraiserActivityInfoGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdActivityActivityTxtFundraiser Control Of FundsFundraiserControlOfFundsIndGross ReceiptsGrossReceiptsAmtRetained By ContractorRetainedByContractorAmtNet To OrganizationNetToOrganizationAmt
Ruffalo Noel Levitz LLC
PO Box 718Des MoinesIA503030718PHONE SOLICITINGfalse$36,142$27,291$8,851
WASHBURN & MCGOLDRICK LLC
950 NEW LOUDON ROAD Suite 210LATHAMNY12110CONSULT ON RAISING FUNDSfalse$21,548-$21,548
FieldValueIRS element (for citing)
Total Gross Receipts$36,142TotalGrossReceiptsAmt
Total Retained By Contractors$48,839TotalRetainedByContractorsAmt
Total Net To Organization-$12,697TotalNetToOrganizationAmt
Licensed StatesCTLicensedStatesCd
Licensed StatesSCLicensedStatesCd
Licensed StatesORLicensedStatesCd
Licensed StatesFLLicensedStatesCd
Licensed StatesMDLicensedStatesCd

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1Tech-X AwardEvent1Nm
Gross Receipts Event1$343,070GrossReceiptsEvent1Amt
Charitable Contri Event1$330,195CharitableContriEvent1Amt
Gross Revenue Event1$12,875GrossRevenueEvent1Amt
Rent Facility Costs Event1$6,800RentFacilityCostsEvent1Amt
Other Direct Expenses Event1$5,760OtherDirectExpensesEvent1Amt
Event2Law Alum Awards CelebEvent2Nm
Gross Receipts Event2$52,425GrossReceiptsEvent2Amt
Charitable Contri Event2$24,365CharitableContriEvent2Amt
Gross Revenue Event2$28,060GrossRevenueEvent2Amt
Rent Facility Costs Event2$11,557RentFacilityCostsEvent2Amt
Food And Beverage Event2$32,558FoodAndBeverageEvent2Amt
Other Direct Expenses Event2$7,269OtherDirectExpensesEvent2Amt
Other Events Total1OtherEventsTotalCnt
Gross Receipts Other Events$36,142GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$36,142CharitableContriOtherEventsAmt
Gross Revenue Other Events$0GrossRevenueOtherEventsAmt
Oth Direct Expnss Other Events$27,290OthDirectExpnssOtherEventsAmt
Gross Receipts Total$431,637GrossReceiptsTotalAmt
Charitable Contributions Tot$390,702CharitableContributionsTotAmt
Gross Revenue Total Events$40,935GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$18,357RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$32,558FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$40,319OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$91,234DirectExpenseSummaryEventsAmt
Net Income Summary-$50,299NetIncomeSummaryAmt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule G, Part I, Line 2b(v) Amounts paid to fundraiserWashburn & McGoldrick LLC was engaged to increase private philanthropic support for IIT's operating budget, endowment and facilities. All of these resources are intended to enhance the educational purposes of the institution. Washburn & McGoldrick LLC do not at any time have custody or control of contributions. IIT exercises control and approval over the content and volume of any solicitation as Washburn & McGoldrick LLC never conducts solicitations on IIT's behalf. Payments for services are based on a monthly retainer and a per diem rate. Expenses are billed separately as expended and at cost, for travel, overnight accommodations, meals, and out-of-pocket expenses. Ruffalo Noel Levitz LLC conducted telephone fundraising campaigns for IIT and provided services to secure pledges and donations to support the educational mission of IIT. Their services related to the concept, design and strategies of the campaign and telephone solicitations to individuals identified on lists supplied by IIT. All funds raised were controlled by IIT. Ruffalo Noel Levitz LLC was paid fees for services provided in conducting the telephone fundraising campaigns.
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.;
Schedule G, Part I, Line 2b(v) payment of fees or payment of expensesRUFFALO NOEL LEVITZ, LLC-PAYMENT OF FEES.;WASHBURN & MCGOLDRICK LLC-PAYMENT OF FEES.;

Schedule I IRS990ScheduleI

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

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIPSGrantTypeTxt
Recipient6992RecipientCnt
Cash Grant$106,662,830CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

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

Schedule J IRS990ScheduleJ

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

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (24 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Alan Cramb
President$637,946$0$0$0$21,064$0$23,850$0$20,669$0$703,529$0$0$0
Frances Bronet
Provost$424,955$0$100,000$0$21,564$0$23,850$0$15,907$0$586,276$0$0$0
Betsy Hughes
Vice Pres, Inst Advancement$314,012$0$32,550$0$2,322$0$23,850$0$20,669$0$393,403$0$0$0
Patricia Laughlin
Vice Pres, Finance & Admin$337,873$0$0$0$3,564$0$23,850$0$13,664$0$378,951$0$0$0
Robert Brackett
Vice President/Professor$308,205$0$0$0$3,564$0$23,850$0$6,779$0$342,398$0$0$0
Darsh Wasan
Vice Pres & Motorola Professor$294,744$0$0$0$2,868$0$23,850$0$13,523$0$334,985$0$0$0
Ophir Trigalo
Vice Provost, CIO$267,208$0$0$0$2,322$0$23,850$0$20,669$0$314,049$0$0$0
Edwin Watts
VP Admnstrn/Facilities/Pub Saf$246,043$0$0$0$20,322$0$23,850$0$1,622$0$291,837$0$0$0
Michael Gosz
Assoc. Prof MMAE/VP Enrollment$251,779$0$0$0$1,242$0$23,400$0$19,047$0$295,468$0$0$0
Anthony D'Amato
Vice Pres, Genr'l Cnsl & Sec$250,638$0$0$0$810$0$23,040$0$7,730$0$282,218$0$0$0
David Baker
Vice President, External Aff$208,911$0$0$0$3,041$0$18,873$0$0$0$230,825$0$0$0
Leroy Kennedy
VP, Community Affairs & Outrch$155,027$0$30,107$0$1,966$0$14,221$0$5,139$0$206,460$0$0$0
Natacha DePaola
Kaplan Dean of Engineering$390,479$0$50,000$0$20,322$0$23,850$0$20,462$0$505,113$0$0$0
Russell Betts
Dean, College of Science$361,908$0$0$0$24,282$0$23,850$0$0$0$410,040$0$0$0
Harold Krent
Dean & Professor of Law$354,592$0$0$0$20,064$0$23,850$0$13,117$0$411,623$0$0$0
Wiel Arets
Dean, John & Jeanne Rowe Chair$313,604$0$0$0$3,564$0$23,850$0$0$0$341,018$0$0$0
John Anderson
Distinguished Professor$238,660$0$450,000$0$22,672$0$23,850$0$13,523$0$748,705$0$0$0
Mohammad Shahidehpour
Distinguished Bodine Professor$344,495$0$10,000$0$3,564$0$23,850$0$20,462$0$402,371$0$0$0
Hamid Arastoopour
Director, WISER/Professor$305,345$0$0$0$23,419$0$23,850$0$13,664$0$366,278$0$0$0
Eunice Santos
Chair/Hochsprung Chair$260,954$0$24,310$0$385$0$23,850$0$6,065$0$315,564$0$0$0
Heather Harper
Clinical Assistant Professor$136,624$0$143,854$0$260$0$13,088$0$20,462$0$314,288$0$0$0
Donna Robertson
John & Jeanne Rowe Professor; Former KE$203,952$0$0$0$2,590$0$16,963$0$12,699$0$236,204$0$0$0
Harvey Kahalas
Dean/Professor of Mgmt$361,005$0$0$0$22,238$0$23,850$0$13,523$0$420,616$0$0$0
Patrick Whitney
Steelcase/Robert Pew Professor$240,834$0$47,240$0$20,391$0$21,919$0$12,699$0$343,083$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule J, Part I, Line 1a Health or social club dues or initiation feesFormAndLineReferenceDesc
ExplanationThe University provided membership dues for Alan Cramb, President and Frances Bronet, Provost to one business and one civic organization. These memberships served a business purpose that helped to support the mission of the University and were not treated as taxable compensation to the individual.ExplanationTxt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
ILLINOIS FINANCE AUTHORITY
A86109196745200FYX12009-07-22$29,381,972RENOVATION OF FACILITIESfalsefalsefalse
ILLINOIS FINANCE AUTHORITY
B86109196745200BYH52006-03-23$156,502,991REFINANCE & FACILITY RENOVATIONfalsefalsefalse

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtBond DefeasedBondDefeasedAmtTotal ProceedsTotalProceedsAmtIn Reserve FundInReserveFundAmtCapitalized InterestCapitalizedInterestAmtRefunding EscrowRefundingEscrowAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtCredit EnhancementCreditEnhancementAmtWorking Capital ExpendituresWorkingCapitalExpendituresAmtCapital ExpendituresCapitalExpendituresAmtOther Spent ProceedsOtherSpentProceedsAmtUnspentUnspentAmtSubstantial CompletionSubstantialCompletionYrCurrent RefundingCurrentRefundingIndAdvance RefundingAdvanceRefundingIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintInd
A$3,685,000$0$29,466,738$2,793,872$0$0$587,637$0$0$24,039,772$2,045,456$02011falsefalseYes (true)Yes (true)
B$15,155,000$0$156,502,991$0$0$1,418,858$0$0$51,378,575$103,705,558$02008Yes (true)Yes (true)Yes (true)Yes (true)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)

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

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)

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

Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)

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

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule K, Part II, Line 3 All listed bonds on Schedule K.If the total proceeds of the issue exceeds the issue price of the respective bond, the difference is due to investment earnings. Earnings are included in the total proceeds of each issue.
Schedule K, Part IV, Line 2c COLUMN AIssuer name: ILLINOIS FINANCE AUTHORITY The calculation for computing no rebate due was performed on 02/19/2014
Schedule K, Part IV, Line 2c COLUMN BIssuer name: ILLINOIS FINANCE AUTHORITY The calculation for computing no rebate due was performed on 03/23/2011

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (3 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
M ELLEN MITCHELL
SPOUSE OF A CURRENT TRUSTEE$205,710EMPLOYMENTfalse
GODREJ & BOYCE MFTG CO LTD
ENTITY MORE THAN 35% OWNED BY JAMSHYD N. GODREJ, TRUSTEE$1,630,000IIT PROVIDED EDUCATIONAL SERVICES TO EMPLOYEES OF GODREJ & BOYCE MFTG. CO. LTDfalse
POWER UJAMAA 3 LLC
ENTITY MORE THAN 35% OWNED BY FAMILY MEMBERS OF ALVIN L. GORMAN, TRUSTEE.$2,423,319INDEPENDENT CONTRACTORfalse

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule L, Part IV BUSINESS TRANSACTIONS WITH INTERESTED PERSONSFormAndLineReferenceDesc
ExplanationBUSINESS TRANSACTIONS WITH INTERESTED PERSONS SCHEDULE L, PART IV THE TRANSACTIONS LISTED IN SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS, WERE CONSISTENT WITH THE CONFLICT OF INTEREST POLICY DESCRIBED IN SCHEDULE O. ILLINOIS INSTITUTE OF TECHNOLOGY REQUIRES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY FOR ALL BUSINESS TRANSACTIONS WITH INTERESTED PERSONS. IN FY 2017, BRYAN R. DUNN, TRUSTEE OF THE UNIVERSITY, WAS MARRIED TO M. ELLEN MITCHELL, WHO WAS A PROFESSOR IN THE DEPARTMENT OF PSYCHOLOGY OF THE LEWIS COLLEGE. IN FY 2017, IN ADDITION TO BEING A TRUSTEE ON THE UNIVERSITY'S BOARD OF TRUSTEES, MR. GODREJ HAD AN OWNERSHIP INTEREST IN GODREJ & BOYCE MANUFACTURING CO. LTD., WHICH AWARDED A MULTI-YEAR CONTRACT TO THE UNIVERSITY TO CONDUCT VARIOUS TRAINING PROGRAMS AND WORKSHOPS FOR ITS EMPLOYEES. IN FY 2017, TRUSTEE ALVIN L. GORMAN'S FAMILY MEMBERS HAD AN OWNERSHIP INTEREST IN POWER UJAMAA 3 LLC WHICH 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

Works Of Art WorksOfArtGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$3,400NoncashContributionsRptF990Amt
Method Of Determining RevenuesOpinions of expertsMethodOfDeterminingRevenuesTxt

Books And Publications BooksAndPublicationsGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Noncash Contributions Rpt F990$13,600NoncashContributionsRptF990Amt
Method Of Determining RevenuesMarket valueMethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution61ContributionCnt
Noncash Contributions Rpt F990$3,887,429NoncashContributionsRptF990Amt
Method Of Determining RevenuesMarket valueMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (4 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)Research equipment1$578,682Market value
Yes (X)Terminals for library.1$82,350Market value
Yes (X)Three (3) chillers.1$4,473Market value
Yes (X)Miscellaneous.3$1,239Market value
FieldValueIRS element (for citing)
Form8283 Received0Form8283ReceivedCnt
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (true)ReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule M, Part I Explanations of reporting method for number of contributionsFormAndLineReferenceDesc
ExplanationSecurities - Publicly traded - EACH SEPARATE GIFT HAS BEEN TREATED AS A CONTRIBUTION FOR THIS PURPOSE. Art - Works of art - Number of contributions. Other - Research equipment Number of contributions and number of items received. Books and publications - Number of items received Other - Terminals for library. Number of contributions. Other - Three (3) chillers. Number of contributions. Other - Miscellaneous. Number of contributionsExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part III, Line 4d Description of other program services(Expenses $ 19,359,601 including grants of $)(Revenue $ 19,855,932) STUDENT SERVICES:- This program provides health, academic, transitional assistance, student orientation and other student services including the student finance center, admissions, and registration. In addition, these services also include the dean of students and student activities and minority programs.
Form 990, Part III, Line 4d Description of other program services(Expenses $ 16,051,071 including grants of $)(Revenue $ 8,277,017) 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 Provost's office offers several programs that provide advising and counseling.
Form 990, Part VI, Line 2 Family/business relationships amongst interested personsJames E. Cowie, James Dugan - Business relationship, Craig J. Duchossois, A. Steven Crown, James Dugan, Rajinder P. Gupta, Edward L. Kaplan, Patrick J. Kelly, Eric C. Larson. - Business relationship, BRYAN R. DUNN, M. ELLEN MITCHELL - Family relationship, James R. Gagnard, Efthimios S. Stojka - Business relationship, Patrick J. Kelly, James E. Cowie, Craig J. Duchossois - Business relationship, Victor A. Morgenstern, Edward L. Kaplan, Anita M. Nagler - Business relationship, Kevin W. Willer, Craig J. Duchossois - Business relationship, John W. Rowe, James R. Gagnard, Efthimios J. Stojka - Business relationship
Form 990, Part VI, Line 11b Review of form 990 by governing bodyTHE 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. ONCE REVIEWED BY THE AUDIT AND COMPLIANCE COMMITTEE AND THE EXECUTIVE COMMITTEE, THE VP FINANCE, CFO & TREASURER SIGNS THE FORM 990.
Form 990, Part VI, Line 12c Conflict of interest policyON AN ANNUAL BASIS, IIT EMPLOYEES AND BOARD OF TRUSTEE MEMBERS MUST REVIEW THE CONFLICT OF INTEREST POLICY. ALL EMPLOYEES AND TRUSTEES ARE REQUIRED TO SIGN AND DATE A CONFLICT OF INTEREST ATTESTATION DOCUMENT WHETHER A CONFLICT IS PRESENT OR NOT. GENERAL COUNSEL MONITORS THE EMPLOYEES AND TRUSTEES THAT HAVE REVIEWED THE POLICY AND DOCUMENTS THE CONFLICT OF INTEREST INSTANCES.
Form 990, Part VI, Line 15a Process to establish compensation of top management officialTHE BOARD OF TRUSTEES HAS ESTABLISHED AN INDEPENDENT COMPENSATION COMMITTEE THAT IS RESPONSIBLE FOR RECOMMENDING THE PRESIDENT'S (CEO) SALARY. THE COMMITTEE WILL BASE THE SALARY ON A HUMAN RESOURCE BENCHMARK STUDY COMPARING SELECTED UNIVERSITIES HAVING SIMILAR STUDENT ENROLLMENTS AND PROGRAMS. ON AN ANNUAL BASIS, HUMAN RESOURCES WILL PROVIDE THE COMMITTEE AN UPDATED BENCHMARK SURVEY FOR THEIR REVIEW. BASED ON THE ANNUAL SURVEY, THE COMMITTEE MAY RECOMMEND AN ADJUSTMENT TO THE PRESIDENT'S SALARY. AFTER THE EXECUTIVE COMMITTEE REVIEWS THE COMPENSATION COMMITTEE RECOMMENDATIONS, IT VOTES TO APPROVE THE COMPENSATION.
Form 990, Part VI, Line 15b Process to establish compensation of other employeesThe authority to recommend the annual salaries of the Vice Presidents and other senior officers is delegated to the Compensation Committee by the Board of Trustees. The Committee obtains comparative analyses and studies from the Human Resource department with respect to compensation of similar organizations to ensure that the University's compensation is comparable. After the Executive Committee reviews the compensation committee recommendations, it votes to approve the compensation.
Form 990, Part VI, Line 19 Required documents available to the publicFINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE LOCATED ON THE ILLINOIS INSTITUTE OF TECHNOLOGY'S WEBSITE.
Form 990, Part XI, Line 9 Other changes in net assets or fund balancesREVERSE SCHOLARSHIPS REFLECTED IN GROSS TUITION - -XXX-XX-XXXX; REVERSE GRANTS AND SCHOLARSHIPS PAID - XXX-XX-XXXX; CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS - 1276707; CHANGE IN ASSET RETIREMENT OBLIGATION, NET - -26225;
Form 990, Part XII, Line 2b CONSOLIDATED AUDIT REPORTTHE ORGANIZATION'S FINANCIAL STATEMENTS WERE AUDITED ON A CONSOLIDATED BASIS AND NO SEPARATE COMPANY AUDIT REPORT IS AVAILABLE.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1IIT RESEARCH INSTITUTEBusinessNameLine1Txt

US Address USAddress

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

Direct Controlling Entity Name DirectControllingEntityName

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

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)

Address Line1USAddress/AddressLine1TxtAddress Line2USAddress/AddressLine2TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdPrimary ActivitiesPrimaryActivitiesTxtDirect Controlling NADirectControllingNACdEntity TypeEntityTypeTxtAddress Line1ForeignAddress/AddressLine1TxtAddress Line2ForeignAddress/AddressLine2TxtProvince Or StateForeignAddress/ProvinceOrStateNmCountryForeignAddress/CountryCdForeign PostalForeignAddress/ForeignPostalCdLegal Domicile Foreign CountryLegalDomicileForeignCountryCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmtOwnershipOwnershipPctControlled OrganizationControlledOrganizationInd
PERPETUAL TRUST (5) BENEFICIAL INTEREST IN DONOR TRUSTS
C/O IIT 3424 SOUTH STATE STREETTC-4 FLCHICAGOIL60616DISTRIBUTION OF TRUST ASSETS TO BENEFICIARIESN/ATrust
ILLINOIS INSTITUTE OF TECHNOLOGY (INDIA) PRIVATE LTD
FACILITATES EDUCATIONAL PROGRAMSC Corporation677 16th Main 6 A Cross 3rd BlockKoramangala Behind BDA complexBANGALOREIN560034INILLINOIS INSTITUTE OF TECHNOLOGY$455,589$191,7031Yes (true)
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsYes (true)ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgYes (true)RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (true)PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (true)SharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (true)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (true)ReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (4 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
IIT India
P$144,942FMV
IIT Research Institute
A$323,145FMV
IIT Research Institute
L$1,062,087FMV
IIT Research Insititute
Q$1,961,975FMV