2015-02-12T16:20:01-06:00 2014-06-30 381357951 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2013-07-01 364479457 TOYOTA TECHNOLOGICAL INSTITUTE AT CHICAGO TOYO 7738342500 6045 SOUTH KENWOOD AVENUE CHICAGO IL 60637 MASASHI HISAMOTO TREASURER 7738342500 2015-02-11 1 KIMBERLY HAUMANN P00546491 3122071040 2015-02-11 2013 2016-03-07 17:11:31Z MR MASASHI HISAMOTO 1427 EAST 60TH STREET CHICAGO IL 60637 80653239 0 X WWW.TTIC.EDU X 2001 IL ACHIEVING INTERNATIONAL IMPACT THROUGH WORLD-CLASS RESEARCH AND EDUCATION IN FUNDAMENTAL COMPUTER SCIENCE AND INFORMATION TECHNOLOGY. 14 13 65 13 0 0 948560 66098379 660000 692214 3346901 3863203 0 0 4955461 70653796 1359551 1352054 0 0 4327416 4541471 0 0 0 1928899 2026092 7615866 7919617 -2660405 62734179 117034449 179002741 741297 957069 116293152 178045672 ACHIEVING INTERNATIONAL IMPACT THROUGH WORLD-CLASS RESEARCH AND EDUCATION IN FUNDAMENTAL COMPUTER SCIENCE AND INFORMATION TECHNOLOGY. 0 0 6276027 1352054 692214 TOYOTA TECHNOLOGICAL INSTITUTE AT CHICAGO ("TTIC") DEVELOPS RESEARCH AND PROVIDES EDUCATION MAINLY IN THE FIELD OF COMPUTER SCIENCE. TTIC EDUCATES AND TRAINS STUDENTS IN ORDER TO MAKE THEM CREATIVE AND TALENTED SCIENTISTS AND TO CONTRIBUTE TO THE WORLD AND LOCAL COMMUNITIES. IN 2013, TTIC HAD 25 STUDENTS ENROLLED IN PHD PROGRAM, AND OFFERED A TOTAL OF 6 CLASSES IN THE ACADEMIC YEAR OF 2013. 6276027 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 65 1 0 0 0 0 0 0 0 0 0 0 X 14 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X ANNA RUFFOLO 7738342500 1427 EAST 60TH STREET CHICAGO IL 60637 DR SADAOKI FURUI PRESIDENT 37.50 X X 112500 0 0 MR MASATAMI TAKIMOTO CHAIRMAN 2.00 X X 0 0 0 MR ROBERT BARNETT BOARD MEMBER 1.00 X 0 0 0 MS RITA COLWELL BOARD MEMBER 1.00 X 0 0 0 MS SHARON DARLING BOARD MEMBER 1.00 X 0 0 0 MR ROBERT A FEFFERMAN BOARD MEMBER 1.00 X 0 0 0 MS ALEXIS HERMAN BOARD MEMBER 1.00 X 0 0 0 MR MARK HOGAN BOARD MEMBER 1.00 X 0 0 0 MR KOSUKE IKEBUCHI BOARD MEMBER 1.00 X 0 0 0 MR MASANORI KASHIWARA BOARD MEMBER 1.00 X 0 0 0 MR EDWARD KOLB BOARD MEMBER 1.00 X 0 0 0 MR DAVID W OXTOBY BOARD MEMBER 1.00 X 0 0 0 MR HIROYUKI SAKAKI BOARD MEMBER 1.00 X 0 0 0 MR TOSHIAKI TAGUCHI BOARD MEMBER 1.00 X 0 0 0 MR MASASHI HISAMOTO TREASURER 37.50 X 303785 0 3737 MR DAVID MCCALLESTER CHIEF ACADEMIC OFFICER 37.50 X 206171 0 14703 DR YURY MAKARYCHEV ASSISTANT PROFESSOR 37.50 X 105984 0 10680 MS JULIA CHUZHOY ASSISTANT PROFESSOR 37.50 X 154409 0 11944 DR JINBO XU ASSISTANT PROFESSOR 37.50 X 152832 0 21757 DR NATHAN SREBRO ASSISTANT PROFESSOR 37.50 X 112840 0 13555 MR MADHUR TULSIANI ASSISTANT PROFESSOR 37.50 X 127968 0 7710 1276489 0 84086 8 0 1 0 PRICEWATERHOUSECOOPERS LLP PO BOX 75647 CHICAGO IL 606755647 AUDIT 132330 1 1098379 65000000 66098379 TUITION & FEES 611710 692214 692214 692214 3662318 3662318 10200328 9999443 200885 200885 200885 70653796 692214 0 3863203 1352054 1352054 701129 525847 175282 3019581 2264686 754895 164590 123442 41148 427938 320953 106985 228233 171175 57058 21722 13076 8646 143155 143155 2210 2210 2400 2400 138997 111198 27799 952443 865857 86586 48586 48586 127298 28109 99189 113159 102872 10287 18093 16448 1645 RESEARCH 293758 293758 MISCELLANEOUS 90461 12742 77719 RECRUITMENT 73810 73810 7919617 6276027 1643590 0 263 63 31228447 6212459 183116 283075 30903 0 1758463 1068910 766127 689553 84107565 170594645 718028 1222946 117034449 179002741 543293 794037 198004 163032 741297 957069 X 7892492 70819137 1006288 1002550 107394372 106223985 116293152 178045672 117034449 179002741 62734179 -981659 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 107394372 -1170387 106223985 104531495 2275000 587877 107394372 97211266 2070509 99281775 98200790 -989564 97211226 96561329 1639461 98200790 1.00000 0 0 909224 319780 589444 849239 749130 100109 689553 US TREASURY NOTES 135557802 F TMCC NOTES 35036843 F 170594645 X 68982137 -981659 -690000 -1671659 70653796 0 70653796 7229617 0 7229617 690000 690000 7919617 PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO PROVIDE FUNDING FOR SCHOLARSHIPS AND RESEARCH FOR THE STUDENTS, EMPLOYEES AND FACULTY OF THE ORGANIZATION. PART X, LINE 2: THE INSTITUTE IS EXEMPT FROM INCOME TAX UNDER PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE INSTITUTE AND RECOGNIZE A TAX LIABILITY IF THE INSTITUTE HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE INSTITUTE AND HAS CONCLUDED THAT AS OF JUNE 30, 2014 AND 2013, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE INSTITUTE IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIP ALLOWANCE -690,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARHSIP ALLOWANCE 690,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 TOYOTA TECHNOLOGICAL INSTITUTE AT CHICAGO IS PUBLISHING ITS NON-DISCRIMINATION POLICY IN ALL STUDENT SOLICITATION MATERIALS. THE FOLLOWING NOTICE IS POSTED ON THE STUDENT APPLICATION PACKAGE OF TTIC: "TTIC, IN ADMISSIONS, EMPLOYMENT AND ACCESS TO PROGRAMS, CONSIDERS ALL FACULTY, STAFF AND STUDENTS ON THE BASIS OF INDIVIDUAL MERIT AND WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, NATIONAL OR ETHNIC ORIGIN, AGE, DISABILITY, OR ANY OTHER LEGALLY PROTECTED STATUS." SCHEDULE E, PART I, LINE 6 TOYOTA TECHNOLOGICAL INSTITUTE AT CHICAGO RECEIVED GRANTS FROM THE NATIONAL INSTITUTE OF HEALTH, THE NATIONAL SCIENCE FOUNDATION AND THE OFFICE OF NAVAL RESEARCH. 1 TUITION AND FEES 22 1352054 N/A N/A PART I, LINE 2: GRANTS AND OTHER ASSISTANCE AWARDED TO INDIVIDUALS WITHIN THE UNITES STATES REPRESENT STUDENT FINANCIAL AID & SCHOLARSHIPS. FULL FINANCIAL SUPPORT IS OFFERED TO ALL STUDENTS. ALL PH D STUDENTS AT TTIC MAY EXPECT TO RECEIVE FINANCIAL SUPPORT THAT COVERS TUITION AND A STIPEND TO ASSIST WITH LIVING EXPENSES. X X 0 0 0 0 0 0 0 0 0 MR MASASHI HISAMOTO TREASURER 303785 0 0 0 0 0 0 0 3737 0 307522 0 0 0 MR DAVID MCCALLESTER CHIEF ACADEMIC OFFICER 206171 0 0 0 0 0 11044 0 3659 0 220874 0 0 0 MS JULIA CHUZHOY ASSISTANT PROFESSOR 154409 0 0 0 0 0 8318 0 3626 0 166353 0 0 0 DR JINBO XU ASSISTANT PROFESSOR 152832 0 0 0 0 0 17500 0 4257 0 174589 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM, PLANTE MORAN, TO PREPARE THE ORGANIZATION'S FORM 990. MANAGEMENT REVIEWS THE COMPLETED FORM 990 AND PROVIDES A FULL COPY TO ALL VOTING MEMBERS OF THE GOVERNING BODY PRIOR TO FILING. THE GOVERNING BODY IS PROVIDED A REASONABLE AMOUNT OF TIME TO REVIEW THE RETURN AND ASK QUESTIONS DIRECTLY TO ORGANIZATION MANAGEMENT OR THE CONTACT AT THE INDEPENDENT CPA FIRM PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANY CONFLICTS OF INTEREST ON THE PART OF ANY TRUSTEE SHALL BE DISCLOSED BY TRUSTEE IN WRITING TO THE BOARD OF TRUSTEES AT LEAST ANNUALLY AND MADE A MATTER OF RECORD. BOARD MEMBERS WHO HAVE A CONFLICT OF INTEREST DO NOT VOTE ON ANY MATTER RELATED TO THE ISSUE FOR WHICH THEY HAVE THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 PRESIDENT - THE ORGANIZATION'S EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE PRESIDENT'S SALARY AND BENEFITS AT THE TIME THE ORGANIZATION ENTERS INTO AN EMPLOYMENT AGREEMENT WITH THE PRESIDENT. THE EXECUTIVE COMMITTEE CONSISTS OF FIVE MEMBERS INCLUDING THE PRESIDENT, HOWEVER ONLY FOUR MEMBERS EXCLUDING THE PRESIDENT REVIEW THE PRESIDENT'S SALARY BASED ON APPROPRIATE COMPARABILITY DATA AND CURRENT SALARY AND BENEFITS LEVEL, AND SO FORTH. IF THE EXECUTIVE COMMITTEE AGREES TO A SALARY AND BENEFITS, THE PROPOSAL WILL BE REVIEWED AND FINALLY APPROVED BY THE BOARD OF TRUSTEES. TREASURER AND SECRETARY TO THE BOARD - THE TREASURER'S SALARY IS SET BASED ON TOYOTA MOTOR CORPORATION (TMC)'S SALARY SYSTEM PRIOR TO THE TREASURER'S ARRIVAL AT TOYOTA TECHNOLOGICAL INSTITUTE OF CHICAGO (TTIC), AND TTIC ACCEPTS THE TERMS AS DETERMINED BY TMC. THE TREASURER RECEIVES HIS PACKAGE, AND IS PAID BY TTIC, BASED ON TMC'S SET SALARY STANDARDS FOR EMPLOYEES WORKING OVERSEAS. CHIEF ACADEMIC OFFICER - THE PRESIDENT EVALUATES THE CHIEF ACADEMIC OFFICER'S SALARY ANNUALLY BASED ON HIS TERM PERFORMANCE AND APPROPRIATE COMPARABILITY DATA, AND SO FORTH. THIS PROCESS IS THE SAME AS THAT OF OTHER FACULTY OF THE INSTITUTE. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY IS AVAILABLE ON THE INSTITUTE'S WEBSITE WHILE THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE PLACED IN THE INSTITUTE'S LIBRARY AND ARE AVAILABLE TO THE GENERAL PUBLIC FOR VIEWING.