2015-01-30T07:45:01-06:00 2014-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2013-07-01 350845258 Indiana Institute of Technology Inc % SHELLY MUSOLF INDI 2604225561 1600 East Washington Blvd Suite Fort Wayne IN 46803 JUDY ROY TREASURER 2604225561 2015-05-15 true Joyce A Dulworth P00151125 2604225561 2013 2016-02-25 16:41:14Z INDIANA TECH ARTHUR SNYDER 1600 EAST WASHINGTON BLVD FORT WAYNE IN 46803 114117411 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 & GENERAL STUDIES. 17 15 1311 120 0 0 12089611 11995488 68182718 74592512 4788274 4768566 -461662 -189826 84598941 91166740 22273903 23748225 0 0 21194787 24416087 0 0 607768 18697262 21479705 62165952 69644017 22432989 21522723 165852677 189431216 26706191 22504378 139146486 166926838 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 1,100 STUDENTS ARE ENROLLED IN THE TRADITIONAL DAY SCHOOL, AND THE COLLEGE OF PROFESSIONAL STUDIES HAS ABOUT 6,900 STUDENTS ENROLLED. true false 56986503 23748225 74592512 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. 56986503 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 false false false false false false false false true 102 0 true 1311 true true true false false false false true true false false false false X 17 15 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 X X 398477 0 77152 ROBERT A WAGNER TRUSTEE 1.0 X X 0 0 0 JEANNE E LONGSWORTH TRUSTEE 1.0 X 0 0 0 CHERI A BECKER TRUSTEE 1.0 X 0 0 0 JANET C CHRZAN TRUSTEE 1.0 X X 0 0 0 JEFFREY L WALLS FACULTY REPRESENTATIVE 45.0 X 120056 0 35474 H ROBERT GILL TRUSTEE 1.0 X 0 0 0 DIANE S HUMPHREY TRUSTEE 1.0 X 0 0 0 ERIC J JENKINSON TRUSTEE 1.0 X 0 0 0 GREGG C SENGSTACK SECRETARY 1.0 X 0 0 0 NICOLE R TURNER-RIDLEY TRUSTEE 1.0 X 0 0 0 MANUEL PENA-MORROS TRUSTEE 1.0 X 0 0 0 MICHAEL H WOOD TRUSTEE 1.0 X 0 0 0 MICHAEL BROWNING TRUSTEE 1.0 X 0 0 0 RICHARD SCHUL TRUSTEE 1.0 X 0 0 0 TERRY VAN DAELE ALUMNI REPRESENTATIVE 1.0 X 0 0 0 PAUL CHODAK TRUSTEE 1.0 X 0 0 0 JUDY K ROY TREASURER 45.0 X 162030 0 38760 PETER ALEXANDER DEAN - LAW SCHOOL 45.0 X 258044 0 40914 ANDRE DOUGLAS CUMMINGS INTERIM DEAN - LAW SCHOOL 45.0 X 168721 0 35724 MARK H RICHTER VP - SPECIAL PROJECTS 45.0 X 136416 0 40925 STEPHEN P DUSSEAU PROFESSOR 45.0 X 144478 0 43343 VICTORIA DUKE-DAWSON PROFESSOR 45.0 X 133140 0 39942 STEVEN HERENDEEN VP - ENROLLMENT MANAGEMENT 45.0 X 132097 0 39629 GUADALUPE LUNA INTERIM AD - LAW SCHOOL 45.0 X 141706 0 42512 1795165 0 434375 19 false true false FERGUSON ADVERTISING 347 WEST BERRY FORT WAYNE IN 46802 ADVERTISING 1872857 SECURITAS SECURITY SERVICES USA INC 2 CAMPUS DRIVE PAPISPPANY NH 07054 SECURITY SERVICES 429589 JENZABAR INC 101 HUNTINGTON AVE SUITE 2200 BOSTON MA 02199 SOFTWARE SUPPORT 270194 BARKER EDUCATIONAL SERVICES LLC 309 W ELLIOT RD TEMPE AZ 85284 STUDENT RECRUITING 232664 185 RED INC PO BOX 1017 HAVERTOWN PA 19083 STUDENT RECRUITING 129100 5 3236 8364085 3628167 80592 11995488 TUITION & FEES 611710 69520018 69520018 RESIDENCE HALLS 611710 4929678 4929678 MISCELLANEOUS 611710 142816 142816 74592512 3240843 3240843 0 0 35491 35491 0 0 0 0 23799171 22271448 1527723 1527723 1527723 10427 3236 19733 -9306 -9306 0 409866 623999 -214133 -214133 ALUMNI ASSOCIATION DUES 611710 15849 15849 VENDING COMMISSION 611710 12157 12157 WELLNESS CENTER 611710 5607 5607 33613 91166740 74592512 0 4578740 0 23748225 23748225 0 0 1107327 120056 987271 0 19330300 13812106 5212833 305361 949580 689395 236788 23397 1640025 1202260 395423 42342 1388855 1008309 357186 23360 0 17857 17857 73250 73250 0 0 267698 267698 3311821 2404382 907439 2963969 2136654 806395 20920 1561172 1112353 327498 121321 917993 762665 155328 0 2653232 1926246 726986 582528 371321 140140 71067 0 263367 191204 72163 477130 346396 130734 0 3072511 2230643 841868 205207 148980 56227 ATHLETIC PROGRAMS 1315674 1315674 BAD DEBTS 1553213 1553213 STUDENT SUPPORT 497680 497680 FOOD 516709 516709 1228694 892032 336662 69644017 56986503 12049746 607768 2330 2310 6491649 12023578 4779180 4221329 1695173 1536438 0 0 0 0 0 0 678891 711928 505962 544644 118157011 28795948 75539630 89361063 70486501 79017613 0 0 0 0 0 0 5673361 2012313 165852677 189431216 8169247 5649590 0 0 1106085 1408421 16570000 14575000 0 0 0 0 0 0 0 0 860859 871367 26706191 22504378 X 120038271 143522342 9108736 12676690 9999479 10727806 139146486 166926838 165852677 189431216 X 21522723 6216113 41516 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 99250 false 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 28061265 150424 4696986 218286 224200 133901 32332288 0.79930 0.12660 0.07410 false false 3943194 3943194 76514061 17789119 58724942 17873084 11006829 6866255 19826672 19826672 89361063 0 DEPOSIT FUNDS HELD FOR OTHERS 871367 871367 74272335 6216113 679223 6895336 67376999 23789741 23789741 91166740 46575015 679223 679223 45895792 23748225 23748225 69644017 SCHEDULE D PART V QUESTION 4 ENDOWMENT FUNDS 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 $ 623,999 SPECIAL EVENTS EXPENSE $ 19,733 RENT EXPENSE $ 35,491 TOTAL $ 679,223 PART XI, LINE 4B STUDENT AID $23,748,225 CHANGE IN VALUE OF PERPETUAL TRUST $ 41,516 TOTAL $23,789,741 PART XII, LINE 2D COST OF GOODS SOLD $ 623,999 SPECIAL EVENTS EXPENSE $ 19,733 RENT EXPENSE $ 35,491 TOTAL $ 679,223 PART XII, LINE 4B STUDENT AID $23,748,225 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 QUESTION 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 78133 78133 78133 false false false false false false true SCHOLARSHIPS FOR TUITION & FEES 5757 23748225 SCHEDULE I, PART I, QUESTION 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 286677 0 51948 0 59852 0 62538 0 14614 0 475629 0 0 0 JEFFREY L WALLS FACULTY REPRESENTATIVE 119686 0 0 0 370 0 8126 0 27348 0 155530 0 0 0 JUDY K ROY TREASURER 161850 0 0 0 180 0 17023 0 21737 0 200790 0 0 0 MARK H RICHTER VP - SPECIAL PROJECTS 135624 0 0 0 792 0 0 0 40925 0 177341 0 0 0 STEPHEN P DUSSEAU PROFESSOR 144344 0 0 0 134 0 0 0 43343 0 187821 0 0 0 VICTORIA DUKE-DAWSON PROFESSOR 132624 0 0 0 516 0 0 0 39942 0 173082 0 0 0 PETER ALEXANDER DEAN - LAW SCHOOL 257528 0 0 0 516 0 24064 0 16850 0 298958 0 0 0 STEVEN HERENDEEN VP - ENROLLMENT MANAGEMENT 131977 0 0 0 120 0 0 0 39629 0 171726 0 0 0 ANDRE DOUGLAS CUMMINGS INTERIM DEAN - LAW SCHOOL 168541 0 0 0 180 0 8696 0 27028 0 204445 0 0 0 GUADALUPE LUNA INTERIM AD - LAW SCHOOL 140914 0 0 0 792 0 0 0 42512 0 184218 0 0 0 SCHEDULE J Part 1 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 6/30/2014 WAS $34,000. A COUNTY OF ALLEN IN ECON DEVELOPMENT SERIES 2004 356000124 383259BA5 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 0 92700 0 0 2678134 1956087 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 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 A false true false false false false 0 false 0 false A true X 2 22540 DONOR DETERMINED X 923 DONOR DETERMINED X 4 57129 NYSE PRICING false true false PT. III LINE 2: DURING THE 2013-2014 SCHOOL YEAR, INDIANA INSTITUTE OF TECHNOLOGY OPENED THE INDIANA TECH LAW SCHOOL. PART VI SECTION A 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. 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. QUESTION 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. POLICIES QUESTION 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 AND IS PERFORMED ANNUALLY. DISCLOSURE QUESTION 18 & 19: THE FORM 990, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE ALL AVAILABLE UPON REQUEST. RECONCILIATION OF NET ASSETS PART XI LINE 9 CHANGE IN VALUE OF PERPETUAL TRUST $41,516