2012-12-27T08:34:48-06:00 2012-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2011-07-01 350845258 Indiana Institute of Technology Inc % SHELLY MUSOLF INDI 2604225561 1600 East Washington Blvd Fort Wayne IN 46803 JUDY ROY 2012-11-15 true Joyce A Dulworth 2604604000 2011 2016-02-25 16:41:14Z JUDY ROY 1600 EAST WASHINGTON BLVD FORT WAYNE IN 46803 87625464 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, AND GENERAL STUDIES. 13 11 1032 95 0 0 9424775 12004851 50740812 59749842 985535 1299356 180852 629006 61331974 73683055 16953599 20141398 0 0 16627014 18376622 0 0 847425 15547257 17261692 49127870 55779712 12204104 17903343 122696197 138916759 24687946 24467080 98008251 114449679 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 45844088 20141398 59709224 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 AND ENGINEERING. 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. 45844088 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 false false false false true false false false false false false false false false true 59 0 true 1032 true true true false false false false true true false false false false X 13 11 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 ARTHUR E SNYDER 45.0 X X 350819 0 65734 ROBERT A WAGNER 1.0 X X 0 0 0 JEANNE E LONGSWORTH 1.0 X X 0 0 0 CHERI A BECKER 1.0 X 0 0 0 JANET C CHRZAN 1.0 X 0 0 0 JEFFREY L WALLS 1.0 X 127085 0 28792 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 JUDY K ROY 45.0 X 130050 0 28369 MARK H RICHTER 45.0 X 130299 0 35168 STEPHEN P DUSSEAU 45.0 X 111930 0 33579 ALLISON C CARNAHAN 45.0 X 107609 0 32283 YBENJAMIN LEE 45.0 X 100597 0 30179 1058389 0 254104 17 false true false FERGUSON ADVERTISING 803 S CALHOUN STREET 6TH FLOOR FORT WAYNE IN 46802 ADVERTISING 960292 SECURITAS SECURITY SERVICES USA INC 4101 W JEFFERSON BLVD FORT WAYNE IN 468046815 SECURITY SERVICES 395159 ROYALL COMPANY 1920 E PARHAM RD RICHMOND VA 23228 STUDENT RECRUITING 148687 28 6393 7421171 4577287 393323 12004851 TUITION & FEES 611710 55123147 55123147 RESIDENCE HALLS 611710 4606782 4606782 WELLNESS CENTER 611710 7918 7918 VENDING COMMISSION 611710 11995 11995 59749842 1641677 1641677 0 0 56247 96865 -40618 -40618 -40618 12308292 12650613 -342321 -342321 -342321 20597 6393 25581 -4984 -4984 0 1682022 1169350 512672 512672 MISCELLANEOUS 611710 142904 142904 ALUMNI ASSOCIATION DUES 611710 19032 19032 161936 73683055 59709224 1968980 0 20141398 20141398 0 0 740180 165209 486150 88821 0 14431080 10211509 3853930 365641 738041 535818 180082 22141 1370982 1016640 276581 77761 1096339 795942 267507 32890 0 30981 30981 100155 100155 0 0 167257 167257 2729405 1981548 747857 1859407 1333253 503183 22971 1358881 855056 328119 175706 689165 533837 155328 0 1891578 1373286 518292 465300 293163 110643 61494 0 185355 134568 50787 949694 689478 260216 0 2449249 1778155 671094 157030 114004 43026 ATHLETIC PROGRAMS 1257219 1257219 BAD DEBTS 925577 925577 STUDENT SUPPORT 373190 373190 FOOD 442278 442278 1229971 892960 337011 55779712 45844088 9088199 847425 4400 5068 9920452 9286906 2393117 3774938 1763921 1407798 0 0 0 0 0 0 431804 533492 413818 529515 83668817 23386661 54258889 60282156 49753253 56421759 0 0 0 0 0 0 3756543 6675127 122696197 138916759 2718114 3955825 0 0 1458121 1623006 19660000 18035000 0 0 0 0 0 0 0 0 851711 853249 24687946 24467080 X 84063292 99377937 5060994 5740049 8883965 9331693 98008251 114449679 122696197 138916759 X 17903343 -1461915 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 0.68400 0.23300 0.08300 false false 3414924 3414924 57035638 14394657 42640981 13939451 8992004 4947447 9278804 9278804 60282156 0 DEPOSIT FUNDS HELD FOR OTHERS 853249 853249 73683055 55779712 17903343 -1449849 -12066 -1461915 16441428 53395670 -1449849 1303862 -145987 53541657 20141398 20141398 73683055 36930110 1291796 1291796 35638314 20141398 20141398 55779712 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. NET ASSETS WERE RELeASED FROM DONOR RESTRICTIONS BY INCURRING EXPENSES SATISFYING THE RESTRICTED PURPOSES OR BY OCCURRENCE OF OTHER EVENTS SPECIFIED BY DONORS. SCHEDULE D RECONCILIATION PART XI, LINE 8 CHANGE IN VALUE OF PERPETUAL TRUST ($12,066) PART XI, LINE 2D COST OF GOODS SOLD $1,169,350 RENT EXPENSE 96,865 CHANGE IN VALUE OF PERPETUAL TRUST 12,066 SPECIAL EVENTS EXPENSE 25,581 TOTAL $1,303,862 PART XII LINE 4B STUDENT AID $20,141,398 PART XIII, LINE 2D COST OF GOODS SOLD $1,169,350 RENT EXPENSE 96,865 SPECIAL EVENTS EXPENSE 25,581 TOTAL $1,291,796 PART XIII, LINE 4B STUDENT AID $20,141,398 FIN 48 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 26990 6393 20597 25581 0 26990 6393 20597 25581 25581 -4984 true SCHOLARSHIPS FOR TUITION & FEES 4162 20141398 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 false true false false false false false false false ARTHUR E SNYDER 248324 0 40500 0 61995 0 56162 0 9572 0 416553 0 0 0 JEFFREY L WALLS 126906 0 0 0 179 0 7653 0 21139 0 155877 0 0 0 JUDY K ROY 129870 0 0 0 180 0 13750 0 14619 0 158419 0 0 0 MARK H RICHTER 129783 0 0 0 516 0 13635 0 21533 0 165467 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 4 THE PRESIDENT HAS A DEFERRED COMPENSATION PLAN AS DESCRIBED IN SECTION 457(f). THE CONTRIBUTION FOR TAX YEAR ENDED 6/30/2012 WAS $32,000. COUNTY OF ALLEN IN ECON DEVELOPMENT SERIES 2004 356000124 383259BA5 2004-06-22 2090093 CONSTRUCTION OF ROGERS HALL false false false COUNTY OF ALLEN IN ECON DEVELOPMENT SERIES 2008 356000124 017522KC6 2008-03-19 3472027 CONSTRUCTION OF EVANS-KIMMELL HALL false false false COUNTY OF ALLEN IN ECON DEVELOPMENT SERIES 2009 356000124 017522KQ5 2009-03-18 3459883 CONSTRUCTION OF OROPEZA HALL false false false COUNTY OF ALLEN IN ECON DEVELOPMENT SERIES 2011 356000124 2011-06-21 4726921 CONSTRUCTION OF WARRIOR ROW B RESI false false false 0 0 2048291 0 0 0 41082 0 0 2048291 0 0 2004 false false true true 0 0 3402596 0 0 0 69441 0 0 3402596 0 0 2008 false false true true 0 0 3390685 0 0 0 69198 0 0 3390685 0 0 2009 false false true true 0 0 4726921 0 0 0 92700 0 0 1859452 1956087 818682 2011 true false false true false false false false 0 true false false false false 0 true false false false false 0 true false false false false 0 true false false false 0 false 0 false false false false false 0 false 0 false false false false false 0 false 0 false false false false false 0 false 0 false false PART V 0 THE UNIVERSITY IS DEVELOPING A PROCEDURE TO IDENTIFY AND CORRECT ANY VIOLATIONS OF FEDERAL TAX REQUIREMENTS IN A TIMELY MANNER. X 9 393323 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: DIANE S. HUMPHREY - FAMILY RELATIONSHIP PART VI SECTION B LINE 11B: THE FINANCE AND AUDIT COMMITTEE PERFORM 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 5 UNREALIZED LOSS ON INVESTMENTS ($1,449,849) CHANGE IN VALUE OF PERPTUAL TRUST ($12,066)