2017-04-19T08:19:10-05:00 2016-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2015-07-01 350845258 INDIANA INSTITUTE OF TECHNOLOGY INC % SHELLY MUSOLF INDI 2604425561 1600 EAST WASHINGTON BLVD FORT WAYNE IN 46803 JUDY ROY TREASURER 2604225561 2017-05-15 true Joyce A Dulworth P00151125 2604604000 2015 2021-01-29 14:40:06Z INDIANA TECH ARTHUR SNYDER 1600 EAST WASHINGTON BLVD FORT WAYNE IN 46803 151675094 false X WWW.INDIANATECH.EDU X 1948 IN PROVIDES LEARNERS WITH A CAREER-FOCUSED PROFESSIONAL EDUCATION IN THE AREAS OF BUSINESS, COMPUTER STUDIES, ENGINEERING, CRIMINAL SCIENCE, LAW AND GENERAL STUDIES. 18 16 1321 120 0 0 13657599 11298324 88996053 91194475 4371924 141011 -718063 -435257 106307513 102198553 27992502 28824212 0 0 26242460 28825995 0 0 875572 26839510 29193495 81074472 86843702 25233041 15354851 206134493 214532835 20006008 16209779 186128485 198323056 X INDIANA TECH IS A PRIVATE, INDEPENDENT, AND NON-DENOMINATIONAL UNIVERSITY. STUDENTS ARE PREPARED FOR ACTIVE PARTICIPATION IN THE COMPLEX, GLOBAL SOCIETY OF THE 21ST CENTURY AND ARE MOTIVATED TOWARD A LIFE OF SIGNIFICANCE AND WORTH. ABOUT 1,500 STUDENTS ARE ENROLLED IN THE TRADITIONAL DAY SCHOOL, AND THE COLLEGE OF PROFESSIONAL STUDIES HAS ABOUT 9,000 STUDENTS ENROLLED. false false 71638529 28824212 91194475 TO INSTRUCT STUDENTS IN CONVENTIONAL AND NON-CONVENTIONAL WAYS TO PREPARE THEM FOR SUCCESSFUL CAREERS IN BUSINESS AND INDUSTRY. THE COLLEGE DEVELOPS AND OFFERS INNOVATIVE PROGRAMS TO MEET THE BROAD EDUCATIONAL AND EMPLOYMENT NEEDS OF THE COMMUNITY FOCUSING ON THE DEGREE PROGRAMS IN BUSINESS, COMPUTER STUDIES, ENGINEERING AND LAW. TO CONTRIBUTE TO THE STUDENTS' EMOTIONAL AND PHYSICAL WELL-BEING AND TO THEIR INTELLECTUAL, CULTURAL AND SOCIAL DEVELOPMENT OUTSIDE OF THE CONTEXT OF THE FORMAL INSTRUCTION PROGRAMS. THIS INCLUDES THE OFFICES OF RECRUITMENT, INTRAMURAL AND INTERCOLLEGIATE ATHLETICS AND CAREER GUIDANCE. 71638529 true true false false false false false true false true true false false false true false true false true true true false false false false false false false true true true false false false false false false false false false false true true false false false true false false false true 139 0 true 1321 true true true false false false false true true false false false false X 18 16 false false false false false false false true true false false true true true true true true true true false IN X SHELLY MUSOLF 2604225561 1600 E WASHINGTON BLVD FORT WAYNE IN 46803 ARTHUR E SNYDER PRESIDENT 45.0 0.0 X X 474774 0 86066 CHERI A BECKER TRUSTEE 1.0 0.0 X 0 0 0 DR GEOFFREY PADDOCK TRUSTEE 1.0 0.0 X 0 0 0 DIANE S HUMPHREY TRUSTEE 1.0 0.0 X 0 0 0 GREGG C SENGSTACK SECRETARY 1.0 0.0 X 0 0 0 H ROBERT GILL TRUSTEE 1.0 0.0 X 0 0 0 JANET C CHRZAN CPA TRUSTEE 1.0 0.0 X 0 0 0 JEANNE E LONGSWORTH TRUSTEE 1.0 0.0 X 0 0 0 KEVIN B FAUS ALUMNI REPRESENTATIVE 1.0 0.0 X 0 0 0 MANUEL PENA-MORROS TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL H WOOD MD TRUSTEE 1.0 0.0 X 0 0 0 NICOLE TURNER-RIDLEY TRUSTEE 1.0 0.0 X 0 0 0 PAUL CHODAK III PHD TRUSTEE 1.0 0.0 X 0 0 0 RAVI R TALWAR TRUSTEE 1.0 0.0 X 0 0 0 RICHARD J SCHUL TRUSTEE 1.0 0.0 X 0 0 0 ROBERT A WAGNER TRUSTEE 1.0 0.0 X 0 0 0 SHERRILL L HAMMAN FACULTY REPRESENTATIVE 45.0 0.0 X 79997 0 13701 WENDY W DAVIS TRUSTEE 1.0 0.0 X 0 0 0 JUDY K ROY TREASURER 45.0 0.0 X 186168 0 39496 STEVEN A HERENDEEN VP - ENROLLMENT MANAGEMENT 45.0 0.0 X 157397 0 46058 CHARLES P CERCONE VP/DEAN - LAW SCHOOL 45.0 0.0 X 217892 0 28794 ANDRE DOUGLAS POND CUMMINGS PROFESSOR 45.0 0.0 X 193366 0 44586 STEPHEN P DUSSEAU PROFESSOR 45.0 0.0 X 167424 0 33534 GUADALUPE T LUNA PROFESSOR 45.0 0.0 X 153390 0 31232 JEFFERY L WALLS PROFESSOR 45.0 0.0 X 144582 0 38258 MARK H RICHTER VP - SPECIAL PROJECTS 45.0 0.0 X 142370 0 44229 1917360 0 405954 32 false true false ASHER AGENCY INC 535 W WAYNE ST FORT WAYNE IN 46802 ADVERTISING 3594725 SECURITAS SECURITY SERVICES US 2 CAMPUS DRIVE PAPSIPPANY NH 07054 SECURITY SERVICES 494194 VENTRIX ADVERTISING 297 KINGSBURY GRADE STATELINE NV 89449 ADVERTISING 455015 EDUCATION DYNAMICS LLC 5 MARINE VIEW PLAZA HOBOKEN NJ 07030 ADVERTISING 318365 JENZABAR INC 101 HUNTINGTON AVE SUITE 2200 BOSTON MA 02199 SOFTWARE SUPPORT 377630 10 1341 9350559 1946424 96590 11298324 TUITION & FEES 611710 85264309 85264309 RESIDENCE HALLS 611710 5817198 5817198 MISCELLANEOUS 611710 112968 112968 91194475 3386086 3386086 0 0 16107 16107 0 0 0 44915573 48160648 -3245075 -3245075 -3245075 10009 1341 13461 -3452 -3452 0 840143 1286325 -446182 -446182 VENDING COMMISSION 611710 9624 9624 WELLNESS CENTER 611710 4753 4753 14377 102198553 91194475 -294246 0 28824212 28824212 0 0 1138992 304867 834125 0 22510391 16588465 5541595 380331 1187939 862444 289857 35638 2360093 1725583 590149 44361 1628580 1182349 417136 29095 0 19020 19020 83400 83400 0 0 336078 336078 4069130 2954188 1114942 5451263 3932850 1484299 34114 2207740 1396723 527138 283879 1158103 840783 317320 0 2816909 2045076 771833 588354 377665 142535 68154 0 363124 263628 99496 463176 336266 126910 0 4245280 3082073 1163207 293483 213069 80414 ATHLETIC PROGRAMS 1760989 1760989 BAD DEBTS 2574462 2574462 STUDENT SUPPORT 725159 725159 FOOD 613935 613935 1423890 1033743 390147 86843702 71638529 14329601 875572 2624 2701 11062811 6792382 4365917 4019893 1994057 1751716 0 0 0 0 0 0 779228 939871 382946 531044 132721328 36783865 90853319 95937463 95270879 100960331 0 0 0 0 0 0 1422712 3597434 206134493 214532835 4919649 3333583 0 0 1676638 1595226 12510000 10365000 0 0 0 0 0 0 0 0 899721 915970 20006008 16209779 X 165883750 179334209 9073694 7314644 11171041 11674203 186128485 198323056 206134493 214532835 X 15354851 -3144606 -15674 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 99250 X false 96052710 11203440 -3179784 709540 378751 335501 102652574 81746057 17431568 -1659459 830463 315221 319772 96052710 72952339 702318 10998979 566182 2073930 267467 81746057 40225910 27009389 6801390 515288 339662 229400 72952339 41065393 550480 -423196 375821 423689 167257 40225910 0.84680 0.03950 0.11370 false false 4749381 4749381 97618423 22373177 75245246 24497610 14410688 10086922 5855914 5855914 95937463 0 DEPOSIT FUNDS HELD FOR OTHERS 915970 915970 71529954 -3144606 1315893 -1828713 73358667 28839886 28839886 102198553 59335383 1315893 1315893 58019490 28824212 28824212 86843702 SCHEDULE D, PART V, LINE 4 PERMANENTLY RESTRICTED NET ASSETS ARE RESTRICTED TO INVESTMENT IN PERPETUITY, THE INCOME OF WHICH IS EXPENDABLE TO SUPPORT ANY ACTIVITY OF THE INSTITUTE, SCHOLARSHIPS, FACULTY DEVELOPMENT, ENGINEERING AND SCIENCE CHAIR, SCHOOL OF BUSINESS, AND SCHOOL OF ENGINEERING ACTIVITIES. TEMPORARILY RESTRICTED NET ASSETS WERE RELEASED FROM DONOR RESTRICTIONS BY INCURRING EXPENSES SATISFYING THE RESTRICTED PURPOSES OR BY OCCURRENCE OF OTHER EVENTS SPECIFIED BY DONORS. BOARD DESIGNATED OR QUASI-ENDOWMENT FUNDS ARE THOSE AVAILABLE FOR USE FOR PURPOSES DETERMINED BY BOARD ACTION. SCHEDULE D RECONCILIATION PART XI, LINE 2D COST OF GOODS SOLD $ 1,286,325 SPECIAL EVENTS EXPENSE $ 13,461 RENT EXPENSE $ 16,107 TOTAL $ 1,351,893 PART XI, LINE 4B STUDENT AID $ 28,824,212 CHANGE IN VALUE OF PERPETUAL TRUST $ 15,674 TOTAL $ 28,839,886 PART XII, LINE 2D COST OF GOODS SOLD $ 1,286,325 SPECIAL EVENTS EXPENSE $ 13,461 RENT EXPENSE $ 16,107 TOTAL $ 1,351,893 PART XII, LINE 4B STUDENT AID $ 28,824,212 ASC 740 FOOTNOTE MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 THE RACIALLY NONDISCRIMINATORY POLICY IS PUBLICIZED ON THE WEBSITE. SCHEDULE E, PART I, LINE 6A INDIANA INSTITUTE OF TECHNOLOGY, INC. RECEIVED FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY IN THE FORM OF GRANTS AND PERKINS LOANS. EAST ASIA AND THE PACIFIC 1 1 Program Services STUDENT RECRUITMENT 2659 1 1 1 1 2659 2659 false false false false false false true SCHOLARSHIPS FOR TUITION & FEES 7484 19473653 SCHEDULE I, PART I, LINE 2 SCHOLARSHIPS ARE GIVEN TO INDIVIDUALS BASED ON NEED AND MERIT TO AID WITH TUITION AND FEES. SCHOLARSHIPS ARE A REDUCTION OF TUITION AND FEES AND PROVIDED DIRECTLY BY THE UNIVERSITY. RECORDS ARE MAINTAINED FOR ELIGIBILITY AND THE SELECTION CRITERIA. X X X X true true X X X X X false true false false false false false false false ARTHUR E SNYDER PRESIDENT 333619 0 54195 0 86960 0 69362 0 16704 0 560840 0 0 0 JUDY K ROY TREASURER 185881 0 0 0 287 0 19390 0 20106 0 225664 0 0 0 STEVEN A HERENDEEN VP - ENROLLMENT MANAGEMENT 157272 0 0 0 125 0 16620 0 29438 0 203455 0 0 0 CHARLES P CERCONE VP/DEAN - LAW SCHOOL 217376 0 0 0 516 0 0 0 28794 0 246686 0 0 0 ANDRE DOUGLAS POND CUMMINGS PROFESSOR 193179 0 0 0 187 0 19865 0 24721 0 237952 0 0 0 STEPHEN P DUSSEAU PROFESSOR 167109 0 0 0 315 0 9189 0 24345 0 200958 0 0 0 GUADALUPE T LUNA PROFESSOR 151807 0 0 0 1583 0 15397 0 15835 0 184622 0 0 0 JEFFERY L WALLS PROFESSOR 144075 0 0 0 507 0 9006 0 29252 0 182840 0 0 0 MARK H RICHTER VP - SPECIAL PROJECTS 141548 0 0 0 822 0 15009 0 29220 0 186599 0 0 0 SCHEDULE J, PART I Question 1 TRAVEL FOR COMPANIONS, HOUSING ALLOWANCE, AND CLUB DUES ARE PROVIDED FOR THE PRESIDENT AND REPORTED ON HIS W-2. QUESTION 4B THE PRESIDENT HAS A DEFERRED COMPENSATION PLAN AS DESCRIBED IN SECTION 457(f). THE CONTRIBUTION FOR TAX YEAR ENDED 6/30/2016 WAS $36,000. A COUNTY OF ALLEN IN ECON DEVELOPMENT SERIES 2004 356000124 3B3259BA5 2004-06-22 2090093 CONSTRUCTION OF ROGERS HALL false false false B COUNTY OF ALLEN IN ECON DEVELOPMENT SERIES 2008 356000124 017522KC6 2008-03-19 3472027 CONSTRUCTION OF EVANS-KIMMELL HALL false false false C COUNTY OF ALLEN IN ECON DEVELOPMENT SERIES 2009 356000124 017522KQ5 2009-03-18 3459883 CONSTRUCTION OF OROPEZA HALL false false false D COUNTY OF ALLEN IN ECON DEVELOPMENT SERIES 2011 356000124 2011-06-21 4726921 CONSTRUCTION OF WARRIOR ROW B RESI false false false A 0 0 2048291 0 0 0 41082 0 0 2048921 0 0 2004 false false true true B 0 0 3402596 0 0 0 69441 0 0 3402596 0 0 2008 false false true true C 0 0 3390685 0 0 0 69198 0 0 3390685 0 0 2009 false false true true D 0 0 4726921 0 0 92700 0 0 2678134 1956087 0 0 2011 true false true true A false false false false 0 true false false true B false false false false 0 true false false true C false false false false 0 true false false true D false false false false 0 true false false true A false true false false false false 0 false 0 false true B false true false false false false 0 false 0 false true C false true false false false false 0 false 0 false true D false true false false false false 0 false 0 false true A true B true C true D true A COUNTY OF ALLEN IN ECON DEVELOPMENT SERIES 2012 356000124 2012-10-30 6850000 REFUNDING ISSUED TO PAY OFF 2002 B false false false A 0 0 6718525 0 0 0 131475 0 0 6718525 0 0 2012 true false true true A false false false false 0 true false false true A false true false false false false 0 false 0 false true A true X 1 96590 FMV false true true SCHEDULE M, PART I, LINE 32B GIFTS OF PUBLICLY TRADED SECURITES ARE TRANSFERRED DIRECTLY FROM DONORS TO THE UNIVERSITY'S INVESTMENT ACCOUNT AT CHARLES SCHWAB. INVESTMENT CONSULTANTS AT FUND EVALUATION GROUP (FEG) MANAGE THE SCHWAB PORTFOLIO. SECURITY GIFTS ARE LIQUIDATED BY FEG STAFF AND RE-INVESTED INTO THE PORTFOLIO IN ACCORDANCE WITH THE INVESTMENT POLICY STATEMENT. FORM 990, PART VI, LINE 1B ARTHUR SNYDER AND SHERRILL L. HAMMAN ARE PAID EMPLOYEES OF INDIANA INSTITUTE OF TECHNOLOGY AND ARE THEREFORE CONSIDERED NON-INDEPENDENT VOTING MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT CPA FIRM COMPILES INFORMATION FOR THE FORM 990 AND RELATED SCHEDULES USING INFORMATION PROVIDED BY THE ORGANIZATION. THE CPA FIRM PERFORMS A DETAILED REVIEW OF FORM 990 AND RELATED SCHEDULES. THE FORM AND RELATED SCHEDULES ARE PROVIDED TO ALL BOARD MEMBERS FOR THEIR REVIEW. AFTER BOARD APPROVAL, FORM 990 AND SCHEDULES ARE FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE IS SENT TO ALL INTERESTED PERSONS. IF A MATTER ARISES AT A MEETING OF THE BOARD OR ONE OF ITS COMMITTEES, EVERY TRUSTEE SHALL DISCLOSE ANY POSSIBLE CONFLICT OF INTEREST AT THE ONSET OF THE DISCUSSION. FURTHER, THE TRUSTEE SHALL EXCUSE HIMSELF OR HERSELF FROM DISCUSSIONS OF, AND ABSTAIN FROM VOTING ON, ALL SUCH MATTERS UNDER CONSIDERATION BY THE BOARD OF TRUSTEES OR ANY OF ITS COMMITTEES. THE MINUTES OF SUCH MEETINGS SHALL REFLECT THAT DISCLOSURE WAS MADE AND THAT THE TRUSTEE WITH A CONFLICT OR POSSIBLE CONFLICT WAS ABSENT FROM DISCUSSIONS AND VOTING. FORM 990, PART VI, SECTION B, LINE 15A & 15B AN ANNUAL COMPENSATION REVIEW IS PERFORMED FOR THE PRESIDENT AND KEY EMPLOYEES. FOR THE PRESIDENT, THE REVIEW INCLUDES A COMPARABILITY STUDY OF SIMILAR NOT-FOR-PROFIT COLLEGES AND THEIR ASSOCIATED COMPENSATION RANGES, AS WELL AS A REVIEW OF GOALS SET FORTH AND ACHIEVED. THE BOARD OF DIRECTORS OVERSEES THIS REVIEW. THE PRESIDENT PERFORMS THE REVIEWS FOR KEY EMPLOYEES. THIS INCLUDES A REVIEW OF GOALS SET FORTH AND ACHIEVED. THIS PROCESS IS PERFORMED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE ALL AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 CHANGE IN VALUE OF PERPETUAL TRUST $15,674 INDEPENDENT COLLEGES OF INDIANA 30 SOUTH MERIDIAN STREET INDIANAPOLIS IN 46204 310901001 EDUCATION IN 501 (C) (3) 11A NA false false false false false false false false false false false false false false false false false false false false