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ILLINOIS INSTITUTE OF TECHNOLOGY: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
ILLINOIS INSTITUTE OF TECHNOLOGY (EIN 36-2170136)
Tax period
2014-06-01 to 2015-05-31
Filed
2016-03-04
IRS object ID
201630649349300243
Schema version
2014v6.0
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)
Return2016-03-04T17:00:17-06:00ReturnTs
Tax Period End2015-05-31TaxPeriodEndDt

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 DriveAddressLine1Txt
Address Line2Suite 2600AddressLine2Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP606061224ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2014-06-01TaxPeriodBeginDt

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
Phone3125673677PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13424 SOUTH STATE STREETAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60616ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPATRICIA LAUGHLINPersonNm
Person TitleVP, FINANCE & ADMINISTRATIONPersonTitleTxt
Signature2016-03-02SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonNICOLE BENCIKPreparerPersonNm
PTINP00756195PTIN
Phone3128997000PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-08-17 19:52:53ZBuildTS

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 Line13424 SOUTH STATE STREETAddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60616ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$394,431,522GrossReceiptsAmt
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 Body73VotingMembersGoverningBodyCnt
Voting Members Independent70VotingMembersIndependentCnt
Total Employee4437TotalEmployeeCnt
Total Volunteers98TotalVolunteersCnt
Total Gross UBI$133,236TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm-$36,051NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$62,223,718PYContributionsGrantsAmt
CY Contributions Grants$63,420,177CYContributionsGrantsAmt
PY Program Service Revenue$268,163,912PYProgramServiceRevenueAmt
CY Program Service Revenue$282,151,370CYProgramServiceRevenueAmt
PY Investment Income$15,664,457PYInvestmentIncomeAmt
CY Investment Income$20,662,248CYInvestmentIncomeAmt
PY Other Revenue$113,441PYOtherRevenueAmt
CY Other Revenue$624,730CYOtherRevenueAmt
PY Total Revenue$346,165,528PYTotalRevenueAmt
CY Total Revenue$366,858,525CYTotalRevenueAmt
PY Grants And Similar Paid$93,446,846PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$96,550,761CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$146,505,758PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$152,877,134CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$92,284PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$106,721CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$9,677,401CYTotalFundraisingExpenseAmt
PY Other Expenses$106,983,735PYOtherExpensesAmt
CY Other Expenses$110,141,564CYOtherExpensesAmt
PY Total Expenses$347,028,623PYTotalExpensesAmt
CY Total Expenses$359,676,180CYTotalExpensesAmt
PY Revenues Less Expenses-$863,095PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$7,182,345CYRevenuesLessExpensesAmt
Total Assets BOY$581,596,197TotalAssetsBOYAmt
Total Assets EOY$591,226,686TotalAssetsEOYAmt
Total Liabilities BOY$260,006,805TotalLiabilitiesBOYAmt
Total Liabilities EOY$261,862,534TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$321,589,392NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$329,364,152NetAssetsOrFundBalancesEOYAmt
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$188,597,571ExpenseAmt
Grant$96,550,761GrantAmt
Revenue$199,937,689RevenueAmt
DescINSTRUCTION SUPPORT:- Instruction supports 36 academic majors, more than 60 minors, and a variety of specializations and is made up of nearly 8,000 students, including 2,923 undergraduate, 3,312 graduate, 747 law students, and 626 Ph.D. candidates. The University offered and awarded 587 bachelor, 1,583 master, 278 J.D., and 86 Ph.D. degrees during the 2014 academic year. The University's signature Interprofessional Projects (IPRO) Program is a core part of the curriculum that enables students from various academic majors to work together to find solutions to real-world problems facing real world companies. 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. Recently, IPRO project teams collaborated on low-cost shelter solutions, developed an assistance device to help visually impaired people swim, devised a mobile operating room for disaster relief in third-world countries and developed best practices in C02-reducing technologies. In addition, the University's Idea Shop serves as a showcase, workplace and learning space inspiring interaction across professional programs. It unites people to provide an incubator for novel ideas and solutions to important problems.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$37,816,928ExpenseAmt
Revenue$41,110,908RevenueAmt
DescRESEARCH:- Research awards received in fiscal year 2015 were $36.2 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 23 awards totaling $4.4 million and the Computer Science Department received 24 awards for $2.5 million. Also, the Biological, Chemical and Physical Sciences Department received 2 awards for $1.1 million, Civil, Architectural and Environmental Engineering Department received 9 awards for $1.2 million, the CAHM Department received 2 awards for $1.5 million, Chemical and Biological Engineering 12 awards totaling $2.0 million, Mechanical Aerospace and Material Engineering 28 awards totaling $2.2 million, Physics Department 29 awards totaling $2.6 million and the Institute of Psychology 10 awards for $1.9 million. In addition, the National Center for Food Safety and Technology received 19 awards totaling $7.1 million.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$17,418,211ExpenseAmt
Revenue$4,350,384RevenueAmt
DescACADEMIC 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.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (2 entries)

ExpenseExpenseAmtRevenueRevenueAmtDescDesc
$20,453,172$21,470,108STUDENT 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.
$18,665,565$15,282,281AUXILIARY SERVICES:- This provides for campus housing and dining for the students and includes residence halls and a dining room, apartment-style buildings, six fraternity houses, and three sorority houses.
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$39,118,737TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue$36,752,389TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$282,951,447TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesYes (true)LobbyingActivitiesInd
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 ContributionfalseDeductibleArtContributionInd
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 Document6569IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee4437EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountYes (true)ForeignFinancialAccountInd
Foreign CountryFRForeignCountryCd
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 Members73GoverningBodyVotingMembersCnt
Independent Voting Member70IndependentVotingMemberCnt
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 Line1PATRICIA LAUGHLINBusinessNameLine1Txt
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 (96 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
John Anderson
President38.75Yes (X)Yes (X)$885,352$0$35,904
Craig J Duchossois
Trustee1.00Yes (X)Yes (X)$0$0$0
Edward L Kaplan
Trustee1.00Yes (X)Yes (X)$0$0$0
Victor A Morgenstern
Trustee1.00Yes (X)Yes (X)$0$0$0
David J Vitale
Trustee1.00Yes (X)Yes (X)$0$0$0
Alan W Wendorf
Trustee1.00Yes (X)Yes (X)$0$0$0
Andrew V Agostini
Trustee1.00Yes (X)$0$0$0
Michael S Ali
Trustee1.00Yes (X)$0$0$0
William C Bartholomay
Trustee1.00Yes (X)$0$0$0
Andrea L Berry
Trustee1.00Yes (X)$0$0$0
John P Calamos Sr
Trustee1.00Yes (X)$0$0$0
Martin Cooper
Trustee1.00Yes (X)$0$0$0
Robert A Cornog
Trustee1.00Yes (X)$0$0$0
James E Cowie
Trustee1.00Yes (X)$0$0$0
David L Crowell
Trustee1.00Yes (X)$0$0$0
A Steven Crown
Trustee1.00Yes (X)$0$0$0
Bryan R Dunn
Trustee1.00Yes (X)$0$0$0
William Farrow
Trustee1.00Yes (X)$0$0$0
James R Gagnard
Trustee1.00Yes (X)$0$0$0
Michael P Galvin
Trustee1.00Yes (X)$0$0$0
S Christopher Gladwin
Trustee1.00Yes (X)$0$0$0
Jamshyd N Godrej
Trustee1.00Yes (X)$0$0$0
Alvin L Gorman
Trustee1.00Yes (X)$0$0$0
Michael J Graf
Trustee1.00Yes (X)$0$0$0
Robert L Growney
Trustee1.00Yes (X)$0$0$0
Raj P Gupta
Trustee1.00Yes (X)$0$0$0
Marc R Hannah PhD
Trustee1.00Yes (X)$0$0$0
Elzie L Higginbottom
Trustee1.00Yes (X)$0$0$0
James Hill Jr
Trustee1.00Yes (X)$0$0$0
Richard M Jaffee
Trustee1.00Yes (X)$0$0$0
Martin C Jischke PhD
Trustee1.00Yes (X)$0$0$0
Norbert O Kaiser
Trustee1.00Yes (X)$0$0$0
Jeffery A Karp
Trustee1.00Yes (X)$0$0$0
Patrick J Kelly
Trustee1.00Yes (X)$0$0$0
James W Kiley
Trustee1.00Yes (X)$0$0$0
Jules F Knapp
Trustee1.00Yes (X)$0$0$0
Kaarina Koskenalusta
Trustee1.00Yes (X)$0$0$0
Joel D Krauss
Trustee1.00Yes (X)$0$0$0
John H Krehbiel Jr
Trustee1.00Yes (X)$0$0$0
Thomas E Lanctot
Trustee1.00Yes (X)$0$0$0
Eric C Larson
Trustee1.00Yes (X)$0$0$0
Bruce C Liimatainen
Trustee1.00Yes (X)$0$0$0
Sherrie B Littlejohn
Trustee1.00Yes (X)$0$0$0
Victor Lo
Trustee1.00Yes (X)$0$0$0
Dirk Lohan FAIA
Trustee1.00Yes (X)$0$0$0
Paul D McCoy
Trustee1.00Yes (X)$0$0$0
Paul F McKenzie PhD
Trustee1.00Yes (X)$0$0$0
David E Mendelsohn
Trustee1.00Yes (X)$0$0$0
David J Miniat
Trustee1.00Yes (X)$0$0$0
Rosemarie Mitchell
Trustee1.00Yes (X)$0$0$0
Edward L Monser
Trustee1.00Yes (X)$0$0$0
Anita M Nagler
Trustee1.00Yes (X)$0$0$0
Walter Nathan
Trustee1.00Yes (X)$0$0$0
Madhavan Nayar
Trustee1.00Yes (X)$0$0$0
Adrian R Nemcek
Trustee1.00Yes (X)$0$0$0
John G Olin
Trustee1.00Yes (X)$0$0$0
Michael J Pacilio
Trustee1.00Yes (X)$0$0$0
Robert J Potter PhD
Trustee1.00Yes (X)$0$0$0
Michael A Pullick
Trustee1.00Yes (X)$0$0$0
Ellen Jordan Reidy
Trustee1.00Yes (X)$0$0$0
John W Rowe
Trustee1.00Yes (X)$0$0$0
Carole Browe Segal
Trustee1.00Yes (X)$0$0$0
Bernard F Sergesketter
Trustee1.00Yes (X)$0$0$0
Harold Singleton III
Trustee1.00Yes (X)$0$0$0
Carl S Spetzler PhD
Trustee1.00Yes (X)$0$0$0
Efthimos J Stojka
Trustee1.00Yes (X)$0$0$0
John Tracy PhD
Trustee1.00Yes (X)$0$0$0
Stephen C Urrutia
Trustee1.00Yes (X)$0$0$0
David A VanEekeren
Trustee1.00Yes (X)$0$0$0
William A VaSanten Jr
Trustee1.00Yes (X)$0$0$0
Priscilla Anne Walter
Trustee1.00Yes (X)$0$0$0
Ralph Wanger
Trustee1.00Yes (X)$0$0$0
Robert J Washlow
Trustee1.00Yes (X)$0$0$0
Alan Cramb
Provost38.75Yes (X)$592,071$0$42,330
Betsy Hughes
Vice Pres, Inst Advancement38.75Yes (X)$338,293$0$42,330
Patricia Laughlin
Vice Pres, Finance & Admin38.75Yes (X)$321,447$0$35,904
Robert Brackett
Vice President/Professor38.75Yes (X)$292,963$0$29,669
Darsh Wasan
Vice Pres & Motorola Professor38.75Yes (X)$283,681$0$35,904
Ophir Trigalo
Chief Information Officer38.75Yes (X)$260,233$0$42,330
Bruce Watts
VP Facilities & Public Safety38.75Yes (X)$251,803$0$24,121
Anthony D'Amato
Vice Pres, Genr'l Cnsl & Sec38.75Yes (X)$233,194$0$27,461
David Baker
Vice President, External Aff38.75Yes (X)$232,601$0$20,678
Jeanne Hartig
VP, Marketing & Communications38.75Yes (X)$215,461$0$25,953
Leroy Kennedy
VP, Community Affairs & Outrch38.75Yes (X)$159,581$0$26,713
Harvey Kahalas
Dean/Professor of Mgmt38.75$456,125$0$35,904Yes (X)
Russell Betts
Dean, College of Science38.75$387,626$0$23,400Yes (X)
Natacha DePaola
Kaplan Dean of Engineering38.75$366,783$0$42,330Yes (X)
Harold Krent
Dean & Professor of Law38.75$355,652$0$41,526Yes (X)
Wiel Arets
Dean, John & Jeanne Rowe Chair38.75$304,305$0$0Yes (X)
Mohammad Shahidehpour
Prof/Dir SG Ctr/Asco Dir WISER38.75$325,304$0$42,330Yes (X)
Hamid Arastoopour
Director, WISER/Professor38.75$306,076$0$35,937Yes (X)
Vincent Turitto
Pritzker Prof/Dir Pritzker Ins38.75$275,145$0$35,439Yes (X)
Lori Andrews
Dist Professor of Law38.75$260,444$0$30,698Yes (X)
Ashfaq Khokhar
Dept. Chair/Prof Electrical Comp Eng38.75$252,603$0$37,577Yes (X)
Donna Robertson
John & Jeanne Rowe Professor -KE Former38.75$199,014$0$33,965Yes (X)
Patrick Whitney
Professor/Dean - KE Former38.75$251,179$0$33,318Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$7,806,934TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$781,720TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K317IndivRcvdGreaterThan100KCnt
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$6,006,196
PEPPER CONSTRUCTION CO
411 LAKE ZURICH ROADBARRINGTONIL60010CONSTRUCTION$4,126,652
CRB FEDERAL LLC
55 WESTPORT PLAZAST LOUISMO63146PROPERTY MANAGEMENT$2,682,636SUITE 500
ABM JANITORIAL MIDWEST INC
75 REMITTANCE DRIVE STE 3011CHICAGOIL606753011JANITORIAL$2,640,678
APEX3 SECURITY
8750 WEST BRYN MAWR AVE STE 1000CHICAGOIL60631PUBLIC SAFETY$2,236,973
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K113CntrctRcvdGreaterThan100KCnt
Fundraising$707,989FundraisingAmt
Government Grants$45,898,244GovernmentGrantsAmt
All Other Contributions$16,813,944AllOtherContributionsAmt
Noncash Contributions$4,069,172NoncashContributionsAmt
Total Contributions$63,420,177TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
Tuition and Fees900000$244,892,981$244,892,981
Sales/Services of Auxilliary Enterprises900000$15,282,281$15,155,325$126,956
Student Services900000$21,470,108$21,470,108
Equity Interest on IITRI900000$506,000$506,000

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$282,151,370TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,686,409TotalRevenueColumnAmt
Unrelated Business Revenue$6,280UnrelatedBusinessRevenueAmt
Exclusion$3,680,129ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$1,370,266RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$627,250RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$743,016RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$743,016TotalRevenueColumnAmt
Exclusion$743,016ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$43,791,000SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$26,815,095SecuritiesAmt
Other$66OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$16,975,905SecuritiesAmt
Other-$66OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$16,975,839TotalRevenueColumnAmt
Exclusion$16,975,839ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$12,300FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$707,989ContriRptFundraisingEventAmt
Fundraising Direct Expenses$130,586FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$118,286TotalRevenueColumnAmt
Exclusion-$118,286ExclusionAmt

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$366,858,525TotalRevenueColumnAmt
Related Or Exempt Func Income$282,024,414RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$133,236UnrelatedBusinessRevenueAmt
Exclusion$21,280,698ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$96,550,761TotalAmt
Program Services$96,550,761ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$7,536,997TotalAmt
Program Services$2,638,237ProgramServicesAmt
Management And General$2,704,909ManagementAndGeneralAmt
Fundraising$2,193,851FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$228,928TotalAmt
Program Services$228,928ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$119,592,471TotalAmt
Program Services$93,501,825ProgramServicesAmt
Management And General$22,003,025ManagementAndGeneralAmt
Fundraising$4,087,621FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$6,575,580TotalAmt
Program Services$5,114,831ProgramServicesAmt
Management And General$1,184,006ManagementAndGeneralAmt
Fundraising$276,743FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$11,906,668TotalAmt
Program Services$9,448,414ProgramServicesAmt
Management And General$1,784,632ManagementAndGeneralAmt
Fundraising$673,622FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$7,036,490TotalAmt
Program Services$5,488,730ProgramServicesAmt
Management And General$1,250,456ManagementAndGeneralAmt
Fundraising$297,304FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$683,454TotalAmt
Program Services$30,717ProgramServicesAmt
Management And General$652,737ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$470,195TotalAmt
Program Services$9,837ProgramServicesAmt
Management And General$460,358ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$322,500TotalAmt
Management And General$322,500ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$106,721TotalAmt
Fundraising$106,721FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$22,885TotalAmt
Management And General$22,885ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$29,006,570TotalAmt
Program Services$22,692,541ProgramServicesAmt
Management And General$5,104,312ManagementAndGeneralAmt
Fundraising$1,209,717FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$184,353TotalAmt
Program Services$137,071ProgramServicesAmt
Management And General$40,807ManagementAndGeneralAmt
Fundraising$6,475FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$8,280,060TotalAmt
Program Services$6,203,792ProgramServicesAmt
Management And General$1,601,061ManagementAndGeneralAmt
Fundraising$475,207FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$2,272,499TotalAmt
Program Services$860,050ProgramServicesAmt
Management And General$1,364,652ManagementAndGeneralAmt
Fundraising$47,797FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$40,239,719TotalAmt
Program Services$36,866,178ProgramServicesAmt
Management And General$3,373,541ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$3,863,369TotalAmt
Program Services$2,933,574ProgramServicesAmt
Management And General$635,280ManagementAndGeneralAmt
Fundraising$294,515FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$335,051TotalAmt
Program Services$245,961ProgramServicesAmt
Management And General$81,262ManagementAndGeneralAmt
Fundraising$7,828FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$10,191,293TotalAmt
Management And General$10,191,293ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$12,976,057TotalAmt
Management And General$12,976,057ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$787,401TotalAmt
Management And General$787,401ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmt
Year-end close outs$165,350$165,350
Annuity write-offs$340,808$340,808

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$359,676,180TotalAmt
Program Services$282,951,447ProgramServicesAmt
Management And General$67,047,332ManagementAndGeneralAmt
Fundraising$9,677,401FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$10,165,842BOYAmt
EOY$8,546,679EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$15,961,289BOYAmt
EOY$6,365,968EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$25,158,935BOYAmt
EOY$27,559,580EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,589,383BOYAmt
EOY$10,575,699EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$10,079,532BOYAmt
EOY$9,883,440EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$4,892,265BOYAmt
EOY$4,537,967EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$492,792,224LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$241,655,369LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$243,788,267BOYAmt
EOY$251,136,855EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$218,864,607BOYAmt
EOY$221,253,931EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$11,292,186BOYAmt
EOY$12,909,502EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$14,797,586BOYAmt
EOY$15,303,586EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$23,006,305BOYAmt
EOY$23,153,479EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$581,596,197BOYAmt
EOY$591,226,686EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$29,906,882BOYAmt
EOY$31,721,667EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$13,113,481BOYAmt
EOY$18,120,989EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$185,570,000BOYAmt
EOY$181,575,000EOYAmt

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$17,416,442BOYAmt
EOY$16,444,878EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$260,006,805BOYAmt
EOY$261,862,534EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$66,405,343BOYAmt
EOY$74,620,720EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$47,999,200BOYAmt
EOY$46,996,457EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$207,184,849BOYAmt
EOY$207,746,975EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$321,589,392BOYAmt
EOY$329,364,152EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$581,596,197BOYAmt
EOY$591,226,686EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$7,182,345ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$9,445,054NetUnrlzdGainsLossesInvstAmt
Donated Services And Use Fclts$2,925,559DonatedServicesAndUseFcltsAmt
Other Changes In Net Assets$7,111,910OtherChangesInNetAssetsAmt
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$80,499,423CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$68,978,846CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$80,431,339CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$62,005,032CurrentTaxYearMinus1YearAmt
Current Tax Year$62,712,188CurrentTaxYearAmt
Total$354,626,828TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$80,499,423CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$68,978,846CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$80,431,339CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$62,005,032CurrentTaxYearMinus1YearAmt
Current Tax Year$62,712,188CurrentTaxYearAmt
Total$354,626,828TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$4,629,880SubstantialContributorsTotAmt
Public Support Total170$349,996,948PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,776,865CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,615,176CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$4,260,951CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,169,525CurrentTaxYearMinus1YearAmt
Current Tax Year$5,056,675CurrentTaxYearAmt
Total$18,879,192TotalAmt

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$373,506,020TotalSupportAmt
Gross Receipts Rltd Activities$1,264,870,702GrossReceiptsRltdActivitiesAmt
Public Support CY1700.9371PublicSupportCY170Pct
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$322,500DirectContactLegislatorsAmt
Rallies DemonstrationsfalseRalliesDemonstrationsInd
Other ActivitiesfalseOtherActivitiesInd
Total Lobbying Expenditures$322,500TotalLobbyingExpendituresAmt
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 BEFORE THE FEDERAL GOVERNMENT ON ISSUES RELATED TO FUNDING VARIOUS RESEARCH PROGRAMS. AT THE STATE LEVEL, IIT WAS REPRESENTED BY AL CIRCO INC. AND NANCY KIMME FOR SUPPORT IN OBTAINING CAPITAL FUNDS. IN ADDITION, IIT'S VICE PRESIDENT AND ASSOCIATE VICE PRESIDENT FOR EXTERNAL AFFAIRS INTERACT WITH FEDERAL AND STATE OFFICIALS REGARDING SUCH MATTERS.
Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITYHOLLAND & KNIGHT REPRESENTED THE ILLINOIS INSTITUTE OF TECHNOLOGY BEFORE THE FEDERAL GOVERNMENT ON ISSUES RELATED TO FUNDING VARIOUS RESEARCH PROGRAMS. AT THE STATE LEVEL, IIT WAS REPRESENTED BY ALL CIRCO INC. AND NANCY KIMME FOR SUPPORT IN OBTAINING CAPITAL FUNDS. 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$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 Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

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

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$209,463,145BeginningYearBalanceAmt
Contributions$10,130,000ContributionsAmt
Investment Earnings Or Losses-$8,180,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$4,853,838GrantsOrScholarshipsAmt
Other Expenditures$8,146,544OtherExpendituresAmt
End Year Balance$198,412,763EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$180,039,329BeginningYearBalanceAmt
Contributions$16,875,000ContributionsAmt
Investment Earnings Or Losses$25,097,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$7,863,412GrantsOrScholarshipsAmt
Other Expenditures$4,684,772OtherExpendituresAmt
End Year Balance$209,463,145EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.23BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.77PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.0TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$24,165,463OtherCostOrOtherBasisAmt
Book Value$24,165,463BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$377,460,145OtherCostOrOtherBasisAmt
Depreciation$183,177,507DepreciationAmt
Book Value$194,282,638BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$84,588,137OtherCostOrOtherBasisAmt
Depreciation$58,477,862DepreciationAmt
Book Value$26,110,275BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$6,578,479OtherCostOrOtherBasisAmt
Book Value$6,578,479BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$251,136,855TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)

DescDescAmtAmt
Obligation under split interest$586,622
Deposits by students & others$1,780,488
Postretirement benefit obligation$3,487,704
Asset retirement obligation$2,472,777
Advances from U.S. gov't for student loans$8,117,287
FieldValueIRS element (for citing)
Total Liability$16,444,878TotalLiabilityAmt
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, 2015 and 2014, 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 2008.

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 (3 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
Europe (Including Iceland and Greenland)11Program ServicesCLASS INSTRUCTION AND RECRUITING.$236,000
South Asia11Program ServicesCLASS INSTRUCTION AND RECRUITING.$175,799
East Asia and the Pacific2Program ServicesCONSULTANT FOR RECRUITING.$336,864
FieldValueIRS element (for citing)
Subtotal Offices2SubtotalOfficesCnt
Subtotal Employees4SubtotalEmployeesCnt
Continutation Total Office0ContinutationTotalOfficeCnt
Continutation Total Employee0ContinutationTotalEmployeeCnt
Total Office2TotalOfficeCnt
Total Employee4TotalEmployeeCnt
Subtotal Spent$748,663SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$748,663TotalSpentAmt
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: IIT IS MAINLY ENGAGED IN THE RECRUITMENT OF EUROPEAN STUDENTS TO THE PROGRAMS OF THE UNIVERSITY AND TO WELCOME VISITING STUDENTS FROM THE UNIVERSITY. SOUTH ASIA: TO FACILITATE IIT'S ABILITY TO DELIVER LONG DISTANCE INTERNET-BASED EDUCATIONAL PROGRAMS TO RESIDENTS OF VARIOUS CITIES IN INDIA. EAST ASIA AND PACIFIC: IIT HAS ENGAGED A CONSULTANT MAINLY FOR THE RECRUITMENT OF STUDENTS FOR THE 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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdActivityActivityTxtFundraiser Control Of FundsFundraiserControlOfFundsIndGross ReceiptsGrossReceiptsAmtRetained By ContractorRetainedByContractorAmtNet To OrganizationNetToOrganizationAmtAddress Line2USAddress/AddressLine2Txt
RuffaloCODY LLC
PO Box 718Des MoinesIA50503PHONE SOLICITINGfalse$34,676$22,032$12,644
WASHBURN & MCGOLDRICK INC
950 NEW LOUDON ROAD SUITE 210LATHAMNY12110CONSULT ON RAISING FUNDSfalse$44,689-$44,689
PJH & Associates Inc
205 West Wacker DriveChicagoIL60606Consult on 125th Annivfalse$660,813$40,000$620,813Suite 1400
FieldValueIRS element (for citing)
Total Gross Receipts$695,489TotalGrossReceiptsAmt
Total Retained By Contractors$106,721TotalRetainedByContractorsAmt
Total Net To Organization$588,768TotalNetToOrganizationAmt
Licensed StatesCTLicensedStatesCd
Licensed StatesSCLicensedStatesCd
Licensed StatesFLLicensedStatesCd
Licensed StatesMDLicensedStatesCd

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1125th Anniv CelebrationEvent1Nm
Gross Receipts Event1$660,813GrossReceiptsEvent1Amt
Charitable Contri Event1$660,813CharitableContriEvent1Amt
Gross Revenue Event1$0GrossRevenueEvent1Amt
Other Direct Expenses Event1$42,915OtherDirectExpensesEvent1Amt
Event2PhonathonEvent2Nm
Gross Receipts Event2$34,676GrossReceiptsEvent2Amt
Charitable Contri Event2$34,676CharitableContriEvent2Amt
Gross Revenue Event2$0GrossRevenueEvent2Amt
Other Direct Expenses Event2$22,032OtherDirectExpensesEvent2Amt
Other Events Total1OtherEventsTotalCnt
Gross Receipts Other Events$24,800GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$12,500CharitableContriOtherEventsAmt
Gross Revenue Other Events$12,300GrossRevenueOtherEventsAmt
Rent Fclty Costs Other Events$6,126RentFcltyCostsOtherEventsAmt
Food And Beverage Other Events$49,275FoodAndBeverageOtherEventsAmt
Entertainment Other Events$2,250EntertainmentOtherEventsAmt
Oth Direct Expnss Other Events$7,988OthDirectExpnssOtherEventsAmt
Gross Receipts Total$720,289GrossReceiptsTotalAmt
Charitable Contributions Tot$707,989CharitableContributionsTotAmt
Gross Revenue Total Events$12,300GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$6,126RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$49,275FoodAndBeverageTotalEventsAmt
Entertainment Total Events$2,250EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$72,935OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$130,586DirectExpenseSummaryEventsAmt
Net Income Summary-$118,286NetIncomeSummaryAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule G, Part I, Line 2b(v) Amounts paid to fundraiserFormAndLineReferenceDesc
ExplanationWashburn & McGoldrick was engaged to increase private philanthropic support for IIT's operating budget, endowment and facilities. They 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 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. RuffaloCODY 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. RuffaloCODY was paid fees for services provided in conducting the telephone fundraising campaigns.ExplanationTxt

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
Recipient6712RecipientCnt
Cash Grant$96,550,761CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule I, Part I, Line 2 Description Of Procedure For Monitoring Use Of Grant FundsTHE USE OF GRANT FUNDS IS MONITORED THROUGH A GRANT MANAGEMENT SYSTEM.
Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds.THE USE OF GRANT FUNDS IS MONITORED THROUGH A GRANT MANAGEMENT SYSTEM.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
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
John Anderson
President$640,994$0$205,000$0$39,358$0$23,400$0$12,504$0$921,256$0$0$0
Alan Cramb
Provost$476,007$0$80,000$0$36,064$0$23,400$0$18,930$0$634,401$0$0$0
Betsy Hughes
Vice Pres, Inst Advancement$302,051$0$35,000$0$1,242$0$23,400$0$18,930$0$380,623$0$0$0
Patricia Laughlin
Vice Pres, Finance & Admin$300,385$0$0$0$21,062$0$23,400$0$12,504$0$357,351$0$0$0
Robert Brackett
Vice President/Professor$289,399$0$0$0$3,564$0$23,400$0$6,269$0$322,632$0$0$0
Darsh Wasan
Vice Pres & Motorola Professor$281,003$0$0$0$2,678$0$23,400$0$12,504$0$319,585$0$0$0
Ophir Trigalo
Chief Information Officer$258,991$0$0$0$1,242$0$23,400$0$18,930$0$302,562$0$0$0
Bruce Watts
VP Facilities & Public Safety$249,492$0$0$0$2,311$0$22,744$0$1,377$0$275,924$0$0$0
Anthony D'Amato
Vice Pres, Genr'l Cnsl & Sec$232,682$0$0$0$512$0$21,396$0$6,065$0$260,656$0$0$0
David Baker
Vice President, External Aff$228,707$0$0$0$3,893$0$20,678$0$0$0$253,279$0$0$0
Jeanne Hartig
VP, Marketing & Communications$212,386$0$0$0$3,075$0$19,684$0$6,269$0$241,414$0$0$0
Leroy Kennedy
VP, Community Affairs & Outrch$157,096$0$0$0$2,485$0$14,209$0$12,504$0$186,294$0$0$0
Donna Robertson
John & Jeanne Rowe Professor -KE Former$176,389$0$20,128$0$2,497$0$16,413$0$17,552$0$232,980$0$0$0
Patrick Whitney
Professor/Dean - KE Former$219,265$0$12,000$0$19,914$0$21,616$0$11,702$0$284,497$0$0$0
Harvey Kahalas
Dean/Professor of Mgmt$391,318$0$40,000$0$24,807$0$23,400$0$12,504$0$492,029$0$0$0
Russell Betts
Dean, College of Science$314,290$0$50,000$0$23,336$0$23,400$0$0$0$411,026$0$0$0
Natacha DePaola
Kaplan Dean of Engineering$348,041$0$0$0$18,742$0$23,400$0$18,930$0$409,112$0$0$0
Harold Krent
Dean & Professor of Law$336,830$0$0$0$18,822$0$23,400$0$18,126$0$397,177$0$0$0
Wiel Arets
Dean, John & Jeanne Rowe Chair$301,983$0$0$0$2,322$0$0$0$0$0$304,305$0$0$0
Mohammad Shahidehpour
Prof/Dir SG Ctr/Asco Dir WISER$322,982$0$0$0$2,322$0$23,400$0$18,930$0$367,634$0$0$0
Hamid Arastoopour
Director, WISER/Professor$286,912$0$0$0$19,164$0$23,400$0$12,537$0$342,013$0$0$0
Vincent Turitto
Pritzker Prof/Dir Pritzker Ins$250,683$0$0$0$24,463$0$22,935$0$12,504$0$310,585$0$0$0
Lori Andrews
Dist Professor of Law$242,412$0$14,500$0$3,532$0$22,409$0$8,289$0$291,142$0$0$0
Ashfaq Khokhar
Dept. Chair/Prof Electrical Comp Eng$251,425$0$0$0$1,178$0$21,424$0$16,153$0$290,180$0$0$0

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$0$0$29,381,972$2,709,106$0$0$587,637$0$0$24,039,772$2,045,456$02011falsefalseYes (true)Yes (true)
B$0$0$156,502,991$0$0$103,705,558$1,418,858$0$0$51,378,575$0$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 UseTotalPrivateBusinessUsePctChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
Afalsefalsefalsefalse0.00.00.0falseYes (true)
Bfalsefalsefalsefalse0.00.00.0falseYes (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 ReqsWrittenProcToMonitorReqsIndTerm Of HedgeTermOfHedgePct
AfalsefalsefalseYes (true)falsefalsefalsefalseYes (true)
BfalsefalsefalseYes (true)falsefalsefalsefalseYes (true)0.0

Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)

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

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule K, Part IV, Line 2c Rebate CalculationIssuer name: ILLINOIS FINANCE AUTHORITY The calculation for computing no rebate due was performed on 02/19/2014
Schedule K, Part IV, Line 2c Rebate CalculationIssuer 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 (2 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
DIRK LOHAN
TRUSTEE HAS OWNERSHIP INTEREST$185,054ARCHITECTURAL AND DESIGN SERVICESfalse
M ELLEN MITCHELL
SPOUSE OF A CURRENT TRUSTEE$228,928EMPLOYMENTfalse

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 2015, IN ADDITION TO BEING A TRUSTEE OF THE UNIVERSITY'S BOARD OF TRUSTEES, MR. LOHAN HAD AN OWNERSHIP INTEREST IN THE ARCHITECTURAL FIRM LOHAN ANDERSON, WHICH HAS BEEN AWARDED A CONTRACT, PURSUANT TO AN RFP, TO DESIGN THE RENOVATION OF THE UNIVERSITY'S ENGINEERING-1 BUILDING. SAID CONTRACT WAS ORIGINALLY AWARDED IN APRIL 2013, AND IT REMAINED IN FORCE IN FY 2015. IN FY 2015, 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.ExplanationTxt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution75ContributionCnt
Noncash Contributions Rpt F990$4,069,172NoncashContributionsRptF990Amt
Method Of Determining RevenuesMarket valueMethodOfDeterminingRevenuesTxt
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.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
CoreFormPartIII_PartIIILine4d Description of other program services(Expenses $ 20,453,172 including grants of $)(Revenue $ 21,470,108) 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.
CoreFormPartIII_PartIIILine4d Description of other program services(Expenses $ 18,665,565 including grants of $)(Revenue $ 15,282,281) AUXILIARY SERVICES:- This provides for campus housing and dining for the students and includes residence halls and a dining room, apartment-style buildings, six fraternity houses, and three sorority houses.
Form 990, Part VI, Line 2 Family/business relationships amongst interested personsJAMES E. COWIE, A. STEVEN CROWN, CRAIG J. DUCHOSSOIS - Business relationship, CRAIG J. DUCHOSSOIS, S. CHRISTOPHER GLADWIN, ROBERT L. GROWNEY, RAJ P. GUPTA, PATRICK J. KELLY - Business relationship, BRYAN R. DUNN, M. ELLEN MITCHELL - Family relationship, JAMES R. GAGNARD, EFTHIMIOS J. STOJKA - Business relationship, JEFFERY A. KARP, ALVIN L. GORMAN - Business relationship, PATRICK J. KELLY, A. STEVEN CROWN, CRAIG J. DUCHOSSOIS, ROBERT L. GROWNEY, JAMES W. KILEY, THOMAS E. LANCTOT - Business relationship, VICTOR LO, JAMSHYD N. GODREJ - Business relationship, VICTOR A. MORGENSTERN, ANITA M. NAGLER, WALTER NATHAN - Business relationship, KEVIN WILLER, A. STEVEN CROWN, CRAIG J. DUCHOSSOIS - Business relationship
Form 990, Part VI, Line 11b Review of form 990 by governing bodyTHE FORM 990 IS REVIEWED BY THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION, AVP FINANCE & CONTROLLER, AND VICE PRESIDENT AND GENERAL COUNSEL. ONCE THE FORM 990 IS APPROVED BY MANAGEMENT, THE FORM IS SENT TO THE AUDIT AND COMPLIANCE COMMITTEE AND THE EXECUTIVE COMMITTEE (ACTING FOR THE FULL BOARD OF TRUSTEES) FOR REVIEW, FOLLOWED BY A CONFERENCE CALL FOR QUESTIONS AND ANSWERS. ONCE REVIEWED BY THE AUDIT AND COMPLIANCE COMMITTEE AND THE EXECUTIVE COMMITTEE, THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION 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 DOCUMENT THE CONFLICT OF INTEREST INSTANCES.
Form 990, Part VI, Line 15a Process to establish compensation of top management officialTHE BOARD OF TRUSTEES (BOT) HAS ESTABLISHED A 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 - -90339038; Reverse grants and scholarships paid - 96550761; Change in asset retirement obligation, net - 900187;
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)(3ExemptCodeSectionTxt
Public Charity StatusType IPublicCharityStatusTxt

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 (3 entries)

Primary ActivitiesPrimaryActivitiesTxtDirect Controlling NADirectControllingNACdEntity TypeEntityTypeTxtLegal Domicile Foreign CountryLegalDomicileForeignCountryCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmtOwnershipOwnershipPctControlled OrganizationControlledOrganizationInd
PERPETUAL TRUST (10) BENEFICIAL INTEREST IN DONOR TRUSTS
DISTRIBUTION OF TRUST ASSETS TO BENEFICIARIESN/ATrust
ILLINOIS INSTITUTE OF TECHNOLOGY (INDIA) PRIVATE LTD
FACILITATES EDUCATIONAL PROGRAMSC CorporationINILLINOIS INSTITUTE OF TECHNOLOGY$530,801$225,6371Yes (true)
ILLINOIS INSTITUTE OF TECHNOLOGY-FRANCE (DISSOLVED DEC 2014)
RECRUITING STUDENTSC CorporationFRILLINOIS INSTITUTE OF TECHNOLOGY$0$01Yes (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 OrgfalseRentalOfFacilitiesToOthOrgInd
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 (5 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
IIT Research Institute
A$411,012FMV
IIT Research Institute
L$1,036,448FMV
IIT Research Institute
Q$1,308,653FMV
IIT France
P$128,833FMV
IIT India
P$175,799FMV