2014-02-11T07:39:48-06:00 2013-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2012-07-01 350845258 Indiana Institute of Technology Inc % SHELLY MUSOLF INDI 2604225561 1600 East Washington Blvd Suite Fort Wayne IN 46803 JUDY ROY 2604225561 2014-02-15 true Joyce A Dulworth 2604604000 2012 2015-11-30 17:44:51Z INDIANA TECH JUDY ROY 1600 EAST WASHINGTON BLVD FORT WAYNE IN 46803 122831134 false X www.indianatech.edu X 1948 IN INDIANA TECH PROVIDES LEARNERS OF ALL AGES A CAREER-FOCUSED PROFESSIONAL EDUCATION IN THE AREAS OF BUSINESS, COMPUTER STUDIES, ENGINEERING, CRIMINAL SCIENCE, LAW AND GENERAL STUDIES. 16 14 1169 110 -47057 0 12004851 12089611 59749842 68175254 1299356 4788274 629006 -454198 73683055 84598941 20141398 22273903 0 0 18376622 21194787 0 0 861878 17261692 18697262 55779712 62165952 17903343 22432989 138916759 165852677 24467080 26706191 114449679 139146486 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 4,300 STUDENTS ENROLLED. false false 51032467 22273903 68274878 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. 51032467 true true false false false false false false false true true false false false true false true false true false false false false false true false false false true true true false false false false false false true false false false true false false false false false false false false true 91 0 true 1169 true true true false false false false true true false false false false X 16 14 true 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 ROBERT A WAGNER 1.0 X X 0 0 0 JEANNE E LONGSWORTH 1.0 X 0 0 0 CHERI A BECKER 1.0 X 0 0 0 JANET C CHRZAN 1.0 X X 0 0 0 JEFFREY L WALLS 1.0 X 118869 0 32799 H ROBERT GILL 1.0 X 0 0 0 DIANE S HUMPHREY 1.0 X 0 0 0 ERIC J JENKINSON 1.0 X 0 0 0 GREGG C SENGSTACK 1.0 X 0 0 0 NICOLE R TURNER-RIDLEY 1.0 X 0 0 0 MANUEL PENA-MORROS 1.0 X 0 0 0 MICHAEL H WOOD 1.0 X 0 0 0 MICHAEL BROWNING 1.0 X 0 0 0 RICHARD SCHUL 1.0 X 0 0 0 TERRY VAN DAELE 1.0 X 0 0 0 ARTHUR E SNYDER 45.0 X 389203 0 70808 JUDY K ROY 45.0 X 149668 0 49887 PETER ALEXANDER 45.0 X 234272 0 12812 MARK H RICHTER 45.0 X 133502 0 39088 STEPHEN P DUSSEAU 45.0 X 125718 0 37715 ALLISON C CARNAHAN 45.0 X 115078 0 34523 STEVEN HERENDEEN 45.0 X 112600 0 33780 DOUGLAS PERRY 45.0 X 154212 0 46264 1533122 0 357676 16 false true false FERGUSON ADVERTISING 347 WEST BERRY FORT WAYNE IN 46802 ADVERTISING 1247829 SECURITAS SECURITY SERVICES USA INC 2 CAMPUS DRIVE PAPISPPANY NH 07054 SECURITY SERVICES 390099 185 RED INC PO BOX 1017 HAVERTOWN PA 19083 STUDENT RECRUITING 129850 JENZABAR INC 101 HUNTINGTON AVENUE SUITE 2200 BOSTON MA 02199 SOFTWARE SUPPORT 233543 4 7037 8381670 3700904 854554 12089611 TUITION & FEES 611710 63708884 63708884 RESIDENCE HALLS 611710 4466370 4466370 68175254 2410533 2410533 0 0 19641 66698 -47057 0 -47057 -47057 39469955 37092214 2377741 2377741 2377741 22671 7037 25968 -3297 -3297 0 505174 1047313 -542138 -542138 MISCELLANEOUS 611710 99624 99624 ALUMNI ASSOCIATION DUES 611710 17015 17015 VENDING COMMISSION 611710 14191 14191 7464 7464 138294 84598941 68274878 -47057 4281509 0 22273903 22273903 0 0 1046224 118869 801808 125547 0 16711155 11890203 4487487 333465 779897 566205 190295 23397 1463408 1083414 303427 76567 1194103 866919 291361 35823 0 25742 25742 81885 81885 0 0 229492 229492 2702528 1962035 740493 2326035 1677979 633287 14769 1468066 986560 325898 155608 758303 602975 155328 0 2254924 1637075 617849 558099 334974 126423 96702 0 223730 162428 61302 636841 462347 174494 0 2517248 1827522 689726 191291 138877 52414 ATHLETIC PROGRAMS 1259439 1259439 BAD DEBTS 1557734 1557734 STUDENT SUPPORT 410570 410570 FOOD 462868 462868 1032467 749571 282896 62165952 51032467 10271607 861878 5068 2330 9286906 6491649 3774938 4779180 1407798 1695173 0 0 0 0 0 0 533492 678891 529515 505962 101315177 25775547 60282156 75539630 56421759 70486501 0 0 0 0 0 0 6675127 5673361 138916759 165852677 3955825 8169247 0 0 1623006 1106085 18035000 16570000 0 0 0 0 0 0 0 0 853249 860859 24467080 26706191 X 99377937 120038271 5740049 9108736 9331693 9999479 114449679 139146486 138916759 165852677 X 22432989 2254300 9518 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 34097802 415564 -5633509 492624 221136 104832 28061265 0.79930 0.13710 0.06360 false false 3770231 3770231 61300328 15944444 45355884 14736381 9831103 4905278 21508237 21508237 75539630 0 DEPOSIT FUNDS HELD FOR OTHERS 860859 860859 65709799 2254300 1139979 3394279 62315520 22283421 22283421 84598941 41032028 1139979 1139979 39892049 22273903 22273903 62165952 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 $1,047,313 SPECIAL EVENTS EXPENSE $ 25,968 RENT EXPENSE $ 66,698 TOTAL $1,139,979 PART XI, LINE 4B STUDENT AID $22,273,903 CHANGE IN VALUE OF PERPETUAL TRUST $ 9,518 TOTAL $22,283,421 PART XII, LINE 2D COST OF GOODS SOLD $1,047,313 SPECIAL EVENTS EXPENSE $ 25,968 RENT EXPENSE $ 66,698 TOTAL $1,139,979 PART XII, LINE 4B STUDENT AID $22,273,903 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. GOLF OUTING 29708 7037 22671 25968 0 29708 7037 22671 25968 25968 -3297 true SCHOLARSHIPS FOR TUITION & FEES 4069 22273903 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 276192 0 48600 0 64411 0 60540 0 10268 0 460011 0 0 0 JEFFREY L WALLS 118680 0 0 0 189 0 7893 0 24906 0 151668 0 0 0 JUDY K ROY 149488 0 0 0 180 0 15750 0 34137 0 199555 0 0 0 MARK H RICHTER 132710 0 0 0 792 0 13970 0 25118 0 172590 0 0 0 STEPHEN P DUSSEAU 125590 0 0 0 128 0 0 0 37715 0 163433 0 0 0 PETER ALEXANDER 234006 0 0 0 266 0 0 0 12812 0 247084 0 0 0 DOUGLAS PERRY 126822 0 0 0 27390 0 0 0 46264 0 200476 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 4A DOUGLAS PERRY RECEIVED A SEVERENCE PAYMENT IN THE AMOUNT OF $27,390. QUESTION 4B THE PRESIDENT HAS A DEFERRED COMPENSATION PLAN AS DESCRIBED IN SECTION 457(f). THE CONTRIBUTION FOR TAX YEAR ENDED 6/30/2013 WAS $33,000. A COUNTY OF ALLEN IN ECON DEVELOPMENT SERIES 2004 356000124 383259BA5 2004-06-22 2090093 CONSTRUCTION OF ROGERS HALL 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 false false false false false 0 false 0 false B false false false false false false 0 false 0 false C false false false false false false 0 false 0 false D false false false false false false 0 false 0 false A false B false C false D false PART V 0 THE UNIVERSITY IS DEVELOPING A PROCEDURE TO IDENTIFY AND CORRECT ANY VIOLATIONS OF FEDERAL TAX REQUIREMENTS IN A TIMELY MANNER. 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 0 0 0 2012 true false true true A false false false false 0 true A false false false false false false 0 false 0 false A false 24370 FREE TUITION EMPLOYEE BENEFIT X 7 6292 DONOR DETERMINED X 315547 DISCOUNTED COST X 6 532715 NYSE PRICING false true false PAGE 6 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. LINE 2: JEANNE LONGSWORTH HAS A BUSINESS RELATIONSHIP WITH JUDY ROY. 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. PAGE 6 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. PAGE 6 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 $9,518