2016-04-08T14:04:11-05:00 2015-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2014-07-01 350845258 INDIANA INSTITUTE OF TECHNOLOGY INC % SHELLY MUSOLF INDI 2604425561 1600 EAST WASHINGTON BLVD FORT WAYNE IN 46803 JUDY ROY TREASURER 2604225561 2016-05-16 true Joyce A Dulworth P00151125 2604604000 2014 2016-08-17 19:52:53Z INDIANA TECH ARTHUR SNYDER 1600 EAST WASHINGTON BLVD FORT WAYNE IN 46803 122509242 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. 16 14 1591 120 0 0 11995488 13657599 74592512 88996053 4768566 4371924 -189826 -718063 91166740 106307513 23748225 27992502 0 0 24416087 26242460 0 0 540200 21479705 26839510 69644017 81074472 21522723 25233041 189431216 206134493 22504378 20006008 166926838 186128485 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 1,350 STUDENTS ARE ENROLLED IN THE TRADITIONAL DAY SCHOOL, AND THE COLLEGE OF PROFESSIONAL STUDIES HAS ABOUT 8,000 STUDENTS ENROLLED. false false 66737296 27992502 88996053 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. 66737296 true true false false false false false true false true true false false false true false true false true true true false false false true 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 158 0 true 1591 true true true false false false false true true false false false false X 16 14 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 427265 0 80025 ROBERT A WAGNER TRUSTEE 1.0 0.0 X X 0 0 0 JANET C CHRZAN TRUSTEE 1.0 0.0 X X 0 0 0 GREGG C SENGSTACK SECRETARY 1.0 0.0 X X 0 0 0 MICHAEL P BROWNING TRUSTEE 1.0 0.0 X 0 0 0 CHERI A BECKER TRUSTEE 1.0 0.0 X 0 0 0 PAUL CHODAK III TRUSTEE 1.0 0.0 X 0 0 0 WENDY W DAVIS TRUSTEE 1.0 0.0 X 0 0 0 H ROBERT GILL TRUSTEE 1.0 0.0 X 0 0 0 DIANE S HUMPHREY TRUSTEE 1.0 0.0 X 0 0 0 ERIC J JENKINSON MD TRUSTEE - LEFT 5/15 1.0 0.0 X 0 0 0 JEANNE E LONGSWORTH TRUSTEE 1.0 0.0 X 0 0 0 MANUEL PENA-MORROS TRUSTEE 1.0 0.0 X 0 0 0 RICHARD J SCHUL TRUSTEE 1.0 0.0 X 0 0 0 NICOLE TURNER-RIDLEY TRUSTEE 1.0 0.0 X 0 0 0 TERRY M VAN DAELE - LEFT 215 ALUMNI REPRESENTATIVE 1.0 0.0 X 0 0 0 MICHAEL H WOOD TRUSTEE 1.0 0.0 X 0 0 0 JEFFERY L WALLS FACULTY REPRESENTATIVE 45.0 0.0 X 118548 0 36668 JUDY K ROY TREASURER 45.0 0.0 X 170719 0 38357 DOUGLAS P CLARK - LEFT 1214 FORMER VPAA 45.0 0.0 X 163557 0 18241 GUADALUPE T LUNA PROFESSOR 45.0 0.0 X 161681 0 48504 STEPHEN P DUSSEAU PROFESSOR 45.0 0.0 X 154886 0 46466 MARK H RICHTER VP - SPECIAL PROJECTS 45.0 0.0 X 139408 0 41822 ANDRE DOUGLAS POND CUMMINGS PROFESSOR 45.0 0.0 X 201166 0 46459 STEVEN A HERENDEEN VP - ENROLLMENT MANAGEMENT 45.0 0.0 X 145124 0 43380 PETER ALEXANDER FORMER DEAN - LAW SCHOOL 45.0 0.0 X 259252 0 24400 1941606 0 424322 31 true true false ASHER AGENCY 535 W WAYNE ST FORT WAYNE IN 46802 ADVERTISING 1906654 BANNER EDGE MEDIA 14350 N 87TH ST SCOTTSDALE AZ 85260 ADVERTISING 708185 FERGUSON ADVERTISING 347 WEST BERRY FORT WAYNE IN 46802 ADVERTISING 646176 SECURITAS SECURITY SERVICES USA IN 2 CAMPUS DRIVE PAPSIPPANY NH 07054 SECURITY SERVICES 477568 JENZABAR INC 101 HUNTINGTON AVE SUITE 2200 BOSTON MA 02199 SOFTWARE SUPPORT 320053 12 5480 10404417 3247702 131888 13657599 TUITION & FEES 611710 82417038 82417038 RESIDENCE HALLS 611710 6451218 6451218 MISCELLANEOUS 611710 127797 127797 88996053 3074533 3074533 0 0 15007 15007 0 0 0 16379160 15081769 1297391 1297391 1297391 17656 5480 12605 5051 5051 0 337359 1092348 -754989 -754989 ALUMNI ASSOCIATION DUES 611710 17045 17045 VENDING COMMISSION 611710 10259 10259 WELLNESS CENTER 611710 4571 4571 31875 106307513 88996053 3653861 0 27992502 27992502 0 0 1485631 319714 1165917 0 20040116 14328200 5407613 304303 1133003 822560 276453 33990 2094800 1529342 534372 31086 1488910 1080949 384682 23279 0 46541 46541 74750 74750 0 0 320182 320182 3652723 2651877 1000846 5064028 3653735 1378958 31335 1717898 1226893 463042 27963 1077437 922109 155328 0 2814706 2043477 771229 624470 389300 146926 88244 0 314185 228098 86087 479063 347800 131263 0 3848316 2793877 1054439 239500 173877 65623 ATHLETIC PROGRAMS 1487103 1487103 BAD DEBTS 2220994 2220994 STUDENT SUPPORT 919873 919873 FOOD 723418 723418 1214323 881598 332725 81074472 66737296 13796976 540200 2310 2624 12023578 11062811 4221329 4365917 1536438 1994057 0 0 0 0 0 0 711928 779228 544644 382946 123444745 32591426 89361063 90853319 79017613 95270879 0 0 0 0 0 0 2012313 1422712 189431216 206134493 5649590 4919649 0 0 1408421 1676638 14575000 12510000 0 0 0 0 0 0 0 0 871367 899721 22504378 20006008 X 143522342 165883750 12676690 9073694 10727806 11171041 166926838 186128485 189431216 206134493 X 25233041 -6018229 -13165 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 99250 X false 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 32332288 1236937 8638985 273974 699217 169626 41065393 0.82850 0.11630 0.05520 false false 4142257 4142257 92830921 19979209 72851712 20895092 12612217 8282875 5576475 5576475 90853319 0 DEPOSIT FUNDS HELD FOR OTHERS 899721 899721 73403577 -6018229 1119960 -4898269 78301846 28005667 28005667 106307513 54201930 1119960 1119960 53081970 27992502 27992502 81074472 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 $ 1,092,348 SPECIAL EVENTS EXPENSE $ 12,605 RENT EXPENSE $ 15,007 TOTAL $ 1,119,960 PART XI, LINE 4B STUDENT AID $ 27,992,502 CHANGE IN VALUE OF PERPETUAL TRUST $ 13,165 TOTAL $ 28,005,667 PART XII, LINE 2D COST OF GOODS SOLD $ 1,092,348 SPECIAL EVENTS EXPENSE $ 12,605 RENT EXPENSE $ 15,007 TOTAL $ 1,119,960 PART XII, LINE 4B STUDENT AID $ 27,992,502 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. QUESTION 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 PROGRAM SERVICES STUDENT RECRUITMENT 16101 16101 16101 false false false false false false GOLF OUTING 23136 5480 17656 9353 3252 0 23136 5480 17656 9353 3252 12605 5051 true SCHOLARSHIPS FOR TUITION & FEES 6601 17791398 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 true true false false false false false false false ARTHUR E SNYDER PRESIDENT 295295 0 54282 0 77688 0 64530 0 15495 0 507290 0 0 0 JEFFERY L WALLS FACULTY REPRESENTATIVE 118548 0 0 0 0 0 8973 0 27695 0 155216 0 0 0 JUDY K ROY TREASURER 170719 0 0 0 0 0 17850 0 20507 0 209076 0 0 0 GUADALUPE T LUNA PROFESSOR 161681 0 0 0 0 0 0 0 48504 0 210185 0 0 0 STEPHEN P DUSSEAU PROFESSOR 154886 0 0 0 0 0 0 0 46466 0 201352 0 0 0 MARK H RICHTER VP - SPECIAL PROJECTS 139408 0 0 0 0 0 0 0 41822 0 181230 0 0 0 PETER ALEXANDER FORMER DEAN - LAW SCHOOL 109252 0 0 0 150000 0 11000 0 13400 0 283652 0 0 0 ANDRE DOUGLAS POND CUMMINGS PROFESSOR 201166 0 0 0 0 0 20666 0 25793 0 247625 0 0 0 DOUGLAS P CLARK - LEFT 1214 FORMER VPAA 143966 0 9401 0 10190 0 8615 0 9626 0 181798 0 0 0 STEVEN A HERENDEEN VP - ENROLLMENT MANAGEMENT 145124 0 0 0 0 0 15300 0 28080 0 188504 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 4A PETER ALEXANDER RECEIVED SEVERANCE PAY IN THE AMOUNT OF $150,000 FOR THE TAX YEAR ENDED 6/30/15. QUESTION 4B THE PRESIDENT HAS A DEFERRED COMPENSATION PLAN AS DESCRIBED IN SECTION 457(f). THE CONTRIBUTION FOR TAX YEAR ENDED 6/30/2015 WAS $35,000. 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 2012 356000124 2012-10-30 6850000 REFUNDING ISSUED TO PAY OFF 2002 B 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 6718525 0 0 0 131475 0 0 6718525 0 0 2012 true 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 B false false false false 0 true C false false false false 0 true D false false false false 0 true A false true false false false false 0 false 0 false B false true false false false false 0 false 0 false C false true false false false false 0 false 0 false D false true false false false false 0 false 0 false A true B true C true D true A COUNTY OF ALLEN IN ECON DEVELOPMENT SERIES 2008 356000124 017522KC6 2008-03-19 3472027 CONTRUCTION OF EVEANS-KIMMELL HALL false false false A 0 0 3402596 0 0 0 69441 0 0 3402596 0 0 2008 false false true true A false false false false 0 true A false true false false false false 0 false 0 false A true X 1 5000 DONOR DETERMINED X 3 126888 NYSE PRICING 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 JEFFREY WALLS 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 AUDIT FIRM PERFORMS A DETAILED REVIEW OF THE FORM 990 AND RELATED SCHEDULES. AFTER THIS REVIEW, CHANGES ARE INCORPORATED INTO THE RETURN AND THEN SUPPLIED TO ALL BOARD MEMBERS FOR THEIR REVIEW. AFTER BOARD APPROVAL AND AN INDEPENDENT CPA REVIEW, THE FORM 990 AND SCHEDULES ARE SUBMITTED TO 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 AND 15B AN ANNUAL COMPENSATION REVIEW IS PERFORMED FOR THE PRESIDIENT 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 $13,165 INDEPENDENT COLLEGES OF INDIANA INC 30 SOUTH MERIDIAN STREET SUITE 800 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