INDIANA INSTITUTE OF TECHNOLOGY INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- INDIANA INSTITUTE OF TECHNOLOGY INC (EIN 35-0845258)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2011-12-16
- IRS object ID
- 201123509349300127
- Schema version
- 2010v3.4
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-12-16T14:27:25-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BKD LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 E Main St Suite 700 | AddressLine1 |
| City | Fort Wayne | City |
| State | IN | State |
| ZIP Code | 46802 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 350845258 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Indiana Institute of Technology Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | INDI | NameControl |
| Phone | 2604225561 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1600 East Washington Blvd | AddressLine1 |
| City | Fort Wayne | City |
| State | IN | State |
| ZIP Code | 46803 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JUDY ROY | Name |
| Title | TREASURER | Title |
| Date Signed | 2011-12-13 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Joyce A Dulworth | Name |
| Phone | 2604604000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JUDY ROY | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1600 EAST WASHINGTON BLVD | AddressLine1 |
| City | FORT WAYNE | City |
| State | IN | State |
| ZIP Code | 46803 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 79609020 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.indianatech.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1948 | YearFormation |
| State Legal Domicile | IN | StateLegalDomicile |
| Activity Or Mission Description | 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 15 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 13 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1102 | TotalNbrEmployees |
| Total Nbr Volunteers | 90 | TotalNbrVolunteers |
| Total Gross UBI | -52266 | TotalGrossUBI |
| Contributions Grants Prior Year | 9279615 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 9424775 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 44190699 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 50740812 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -80024 | InvestmentIncomePriorYear |
| Investment Income Current Year | 985535 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -50034 | OtherRevenuePriorYear |
| Other Revenue Current Year | 180852 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 53340256 | TotalRevenuePriorYear |
| Total Revenue Current Year | 61331974 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 14967493 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 16953599 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 15515580 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 16627014 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 833034 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 14133449 | OtherExpensePriorYear |
| Other Expenses Current Year | 15547257 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 44616522 | TotalExpensesPriorYear |
| Total Expenses Current Year | 49127870 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 8723734 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 12204104 | RevenuesLessExpensesCY |
| Total Assets BOY | 101759040 | TotalAssetsBOY |
| Total Assets EOY | 122696197 | TotalAssetsEOY |
| Total Liabilities BOY | 23617335 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 24687946 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 78141705 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 98008251 | NetAssetsOrFundBalancesEOY |
| Mission Description | 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 900 STUDENTS ARE ENROLLED IN THE TRADITIONAL DAY SCHOOL, AND THE COLLEGE OF PROFESSIONAL STUDIES HAS 3,300 STUDENTS ENROLLED. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 40371279 | Expense |
| Grants | 16953599 | Grants |
| Revenue | 50740812 | Revenue |
| Description | 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. | Description |
| Total Program Service Expense | 40371279 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | true | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 78 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 1102 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 15 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 13 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | IN | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | SHELLY MUSOLF | NamePerson |
| Telephone Number | 2604225561 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1600 E WASHINGTON BLVD | AddressLine1 |
| City | Fort Wayne | City |
| State | IN | State |
| ZIP Code | 46803 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (21 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| ARTHUR E SNYDER | |||||||
| PRESIDENT | 45.0 | X | X | 309544 | 0 | 95990 | |
| ROBERT A WAGNER | |||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||
| DONALD R WILLIS | |||||||
| TRUSTEE | 1.0 | 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 | 0 | 0 | 0 | ||
| JEFFREY L WALLS | |||||||
| FACULTY REPRESENTATIVE | 40.0 | X | 111576 | 0 | 32357 | ||
| 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 | ||
| PATRICIA SCHAEFER | |||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||
| GREGG C SENGSTACK | |||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||
| NICOLE R TURNER-RIDLEY | |||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||
| AUDRA J WILCOXSON | |||||||
| ALUMNI BOARD REPRESENTATIVE | 1.0 | X | 0 | 0 | 0 | ||
| MICHAEL H WOOD | |||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | ||
| JUDY K ROY | |||||||
| TREASURER | 45.0 | X | 117211 | 0 | 26947 | ||
| MARK H RICHTER | |||||||
| VP-INSTITUTIONAL ADVANCEMENT | 45.0 | 130582 | 0 | 34075 | X | ||
| STEPHEN P DUSSEAU | |||||||
| PROFESSOR | 45.0 | 106230 | 0 | 30807 | X | ||
| KENNETH E RAUCH | |||||||
| PROFESSOR | 45.0 | 105469 | 0 | 30586 | X | ||
| ELAINE PONTILLO | |||||||
| VP-ACADEMICS | 45.0 | 101501 | 0 | 29435 | X | ||
| GARY A MESSICK | |||||||
| PROFESSOR | 45.0 | 100867 | 0 | 29252 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1082980 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 309449 | TotalOtherCompensation |
| Number Individuals GT100 K | 9 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (4 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| FERGUSON ADVERTISING | |||||
| 803 S CALHOUN STREET 6TH FLOOR | FORT WAYNE | IN | 46802 | ADVERTISING | 686794 |
| SECURITAS SECURITY SERVICES USA INC | |||||
| 4101 W JEFFERSON BLVD | FORT WAYNE | IN | 468046815 | SECURITY SERVICES | 340139 |
| ROYALL COMPANY | |||||
| 1920 E PARHAM RD | RICHMOND | VA | 23228 | STUDENT RECRUITING | 154176 |
| DESIGN COLLABORATIVE INC | |||||
| 200 E MAIN STREET SUITE 600 | FORT WAYNE | IN | 46802 | ARCHITECT SERVICES | 112669 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 4 | NumberOfContractorsGT100K |
| Fundraising Events | 2152 | FundraisingEvents |
| Government Grants | 6099682 | GovernmentGrants |
| All Other Contributions | 3322941 | AllOtherContributions |
| Noncash Contributions | 358507 | NoncashContributions |
| Total Contributions | 9424775 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| TUITION & FEES | 611710 | 46722301 | 46722301 |
| RESIDENCE HALLS | 611710 | 3996703 | 3996703 |
| WELLNESS CENTER | 611710 | 6242 | 6242 |
| VENDING COMMISSION | 611710 | 15566 | 15566 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 50740812 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1921999 | TotalRevenueColumn |
| Exclusion | $1,921,999 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 60638 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 112904 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -52266 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -52266 | TotalRevenueColumn |
| Unrelated Business Revenue | -52266 | UnrelatedBusinessRevenue |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 15950150 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 16886614 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -936464 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -936464 | TotalRevenueColumn |
| Exclusion | -$936,464 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 6933 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 2152 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 10184 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -3251 | TotalRevenueColumn |
| Exclusion | -$3,251 | ExclusionAmount |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 1212360 | GrossSalesOfInventory |
| Cost Of Goods Sold | 1267344 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -54984 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| MISCELLANEOUS | 611710 | 269203 | $269,203 |
| ALUMNI ASSOCIATION DUES | 611710 | 22150 | $22,150 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 291353 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 61331974 | TotalRevenueColumn |
| Related Or Exempt Function Income | 50740812 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -52266 | UnrelatedBusinessRevenue |
| Exclusion | $1,273,637 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16953599 | Total |
| Program Services | 16953599 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 660631 | Total |
| Program Services | 143933 | ProgramServices |
| Management And General | 437422 | ManagementAndGeneral |
| Fundraising | 79276 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12999678 | Total |
| Program Services | 9182135 | ProgramServices |
| Management And General | 3465434 | ManagementAndGeneral |
| Fundraising | 352109 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 788277 | Total |
| Program Services | 572289 | ProgramServices |
| Management And General | 192340 | ManagementAndGeneral |
| Fundraising | 23648 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1168937 | Total |
| Program Services | 867722 | ProgramServices |
| Management And General | 231601 | ManagementAndGeneral |
| Fundraising | 69614 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1009491 | Total |
| Program Services | 732890 | ProgramServices |
| Management And General | 246316 | ManagementAndGeneral |
| Fundraising | 30285 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18130 | Total |
| Management And General | 18130 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 106980 | Total |
| Management And General | 106980 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 169626 | Total |
| Management And General | 169626 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2515585 | Total |
| Program Services | 1826315 | ProgramServices |
| Management And General | 689270 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1220845 | Total |
| Program Services | 1174946 | ProgramServices |
| Management And General | 30636 | ManagementAndGeneral |
| Fundraising | 15263 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1400244 | Total |
| Program Services | 863215 | ProgramServices |
| Management And General | 342046 | ManagementAndGeneral |
| Fundraising | 194983 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 572481 | Total |
| Program Services | 411563 | ProgramServices |
| Management And General | 155328 | ManagementAndGeneral |
| Fundraising | 5590 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1536324 | Total |
| Program Services | 1115371 | ProgramServices |
| Management And General | 420953 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 450658 | Total |
| Program Services | 281972 | ProgramServices |
| Management And General | 106420 | ManagementAndGeneral |
| Fundraising | 62266 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 147054 | Total |
| Program Services | 106761 | ProgramServices |
| Management And General | 40293 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 931655 | Total |
| Program Services | 676382 | ProgramServices |
| Management And General | 255273 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2390748 | Total |
| Program Services | 1735683 | ProgramServices |
| Management And General | 655065 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 138362 | Total |
| Program Services | 100451 | ProgramServices |
| Management And General | 37911 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| ATHLETIC PROGRAMS | 1207168 | 1207168 | |
| BAD DEBTS | 888341 | 888341 | |
| STUDENT SUPPORT | 309365 | 309365 | |
| FOOD | 366636 | 366636 | |
| SUPPLIES | 194773 | 141405 | 53368 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 982282 | Total |
| Program Services | 713137 | ProgramServices |
| Management And General | 269145 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 49127870 | Total |
| Program Services | 40371279 | ProgramServices |
| Management And General | 7923557 | ManagementAndGeneral |
| Fundraising | 833034 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4525 | BOY |
| EOY | 4400 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5397218 | BOY |
| EOY | 9920452 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2506641 | BOY |
| EOY | 2393117 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1644462 | BOY |
| EOY | 1763921 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 420328 | BOY |
| EOY | 431804 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 386289 | BOY |
| EOY | 413818 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 75220981 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 20962092 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49202462 | BOY |
| EOY | 54258889 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 40765198 | BOY |
| EOY | 50141308 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1431917 | BOY |
| EOY | 3368488 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 101759040 | BOY |
| EOY | 122696197 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3353212 | BOY |
| EOY | 2718114 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 965769 | BOY |
| EOY | 1458121 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18445000 | BOY |
| EOY | 19660000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9877 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 843477 | BOY |
| EOY | 851711 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23617335 | BOY |
| EOY | 24687946 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 67032337 | BOY |
| EOY | 84063292 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3272572 | BOY |
| EOY | 5060994 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7836796 | BOY |
| EOY | 8883965 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 78141705 | BOY |
| EOY | 98008251 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 101759040 | BOY |
| EOY | 122696197 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 12204104 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 7662442 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 32332288 | BeginningOfYearBalance |
| Contributions | 1236937 | Contributions |
| Investment Earnings Or Losses | 8638985 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 273974 | GrantsOrScholarships |
| Other Expenditures | 699217 | OtherExpenditures |
| Administrative Expenses | 169626 | AdministrativeExpenses |
| End Of Year Balance | 41065393 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 28061265 | BeginningOfYearBalance |
| Contributions | 150424 | Contributions |
| Investment Earnings Or Losses | 4696986 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 218286 | GrantsOrScholarships |
| Other Expenditures | 224200 | OtherExpenditures |
| Administrative Expenses | 133901 | AdministrativeExpenses |
| End Of Year Balance | 32332288 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 34097802 | BeginningOfYearBalance |
| Contributions | 415564 | Contributions |
| Investment Earnings Or Losses | -5633509 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 492624 | GrantsOrScholarships |
| Other Expenditures | 221136 | OtherExpenditures |
| Administrative Expenses | 104832 | AdministrativeExpenses |
| End Of Year Balance | 28061265 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.68900 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.21700 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.09400 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2988391 | OtherCostOrOtherBasis |
| Book Value | 2988391 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 54318338 | OtherCostOrOtherBasis |
| Depreciation | 12864858 | Depreciation |
| Book Value | 41453480 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 0 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 12926405 | OtherCostOrOtherBasis |
| Depreciation | 8097234 | Depreciation |
| Book Value | 4829171 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4987847 | OtherCostOrOtherBasis |
| Book Value | 4987847 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 54258889 | TotalOfBookValueLandBuildings |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DEPOSIT FUNDS HELD FOR OTHERS | Description |
| Amount | $851,711 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 851711 | TotalOfAmounts |
| Total Revenue | 61331974 | TotalRevenue |
| Total Expenses | 49127870 | TotalExpenses |
| Excess Or Deficit For Year | 12204104 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 7629876 | NetUnrealizedGLOnInvestments |
| Other | $32,566 | OtherAmount |
| Total Adjustments | 7662442 | TotalAdjustments |
| Excess Or Deficit Per FS | 19866546 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 53431249 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 7629876 | NetUnrealizedGainsInvestments |
| Other Revenues | 1422998 | OtherRevenues |
| Revenue Not Rptd F990 | 9052874 | RevenueNotRptdF990 |
| Revenue Subtotal | 44378375 | RevenueSubtotal |
| Other Revenues Not Included | 16953599 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 16953599 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 61331974 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 33564703 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 1390432 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 1390432 | ExpensesNotRptdF990 |
| Expenses Subtotal | 32174271 | ExpensesSubtotal |
| Other Expenses Not Included | 16953599 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 16953599 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 49127870 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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 $32,566 PART XII, LINE 2D COST OF GOODS SOLD $1,267,344 RENT EXPENSE 112,904 CHANGE IN VALUE OF PERPETUAL TRUST 32,566 SPECIAL EVENTS EXPENSE 10,184 TOTAL $1,422,998 PART XII LINE 4B STUDENT AID $16,953,599 PART XIII, LINE 2D COST OF GOODS SOLD $1,267,344 RENT EXPENSE 112,904 SPECIAL EVENTS EXPENSE 10,184 TOTAL $1,390,432 PART XIII, LINE 4B STUDENT AID $16,953,599 |
| 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. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | true | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | true | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | true | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | true | MaintRacialCompositionRecords |
| Maint Scholarships Records | true | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | true | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | true | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | false | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | false | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | false | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | false | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | false | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | false | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | false | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | false | DiscriminateRaceOtherActy |
| Government Financial Aid Received | true | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | false | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | true | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | QUESTION 3 | Identifier |
| Explanation | 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. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS FOR TUITION & FEES | TypeOfGrant |
| Number Of Recipients | 4358 | NumberOfRecipients |
| Amount Of Cash Grant | 16953599 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE I, PART I, QUESTION 2 | Identifier |
| Explanation | 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ARTHUR E SNYDER | |||||||||||||
| 218850 | 0 | 29778 | 0 | 60916 | 0 | 62995 | 0 | 32995 | 0 | 405534 | 0 | 0 | 0 |
| MARK H RICHTER | |||||||||||||
| 130066 | 0 | 0 | 0 | 516 | 0 | 13500 | 0 | 20575 | 0 | 164657 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE J Part 1 | Identifier |
| Explanation | 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 6/30/2011 WAS $30,000. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| 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 | CONSTRUCT OF EVANS-KIMMELL HALL | false | false | false |
| COUNTY OF ALLEN IN ECON DEVELOPMENT SERIES 2009 | |||||||
| 356000124 | 017522KQ5 | 2009-03-18 | 3459883 | CONSTRUCT OF OROPEZA HALL | false | false | false |
| COUNTY OF ALLEN IN ECON DEVELOPMENT SERIES 2011 | |||||||
| 356000124 | 2011-06-21 | 4726921 | CONSTRUCT OF WARRIOR ROW B RESIDEN | false | false | false | |
Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)
| Amount RetiredAmountRetired | Amount Bond DefeasedAmountBondDefeased | Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Capitalized InterestCapitalizedInterest | Refunding EscrowRefundingEscrow | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Credit EnhancementCreditEnhancement | Working Capital ExpendituresWorkingCapitalExpenditures | Capital ExpendituresCapitalExpenditures | Other Spent ProceedsOtherSpentProceeds | Amount UnspentAmountUnspent | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 3402586 | 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 | 4634221 | 0 | 0 | 0 | 92700 | 0 | 0 | 1859452 | 1956087 | 818682 | 2011 | true | false | false | true |
Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|---|
| false | false | false | false | true | 0.00000 | 0.00000 | 0.00000 | true |
| false | false | false | false | true | 0.00000 | 0.00000 | 0.00000 | true |
| false | false | false | false | true | 0.00000 | 0.00000 | 0.00000 | true |
| false | false | false | false | true | 0.00000 | 0.00000 | 0.00000 | true |
Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|
| false | false | false | false | false | false |
| false | false | false | false | false | false |
| false | false | false | false | false | false |
| false | false | false | false | false | false |
Schedule M IRS990ScheduleM
| Field | Value | IRS element (for citing) |
|---|---|---|
| Works Of Art | WorksOfArt | |
| Art Historical Treasures | ArtHistoricalTreasures | |
| Art Fractional Interest | ArtFractionalInterest | |
| Books And Publications | BooksAndPublications | |
| Clothing And Household Goods | ClothingAndHouseholdGoods | |
| Cars And Other Vehicles | CarsAndOtherVehicles | |
| Boats And Planes | BoatsAndPlanes | |
| Intellectual Property | IntellectualProperty |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 6 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 358507 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | NYSE PRICING | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities Closely Held Stock | SecuritiesCloselyHeldStock | |
| Securities Prtnrshp Trust Intrsts | SecuritiesPrtnrshpTrustIntrsts | |
| Securities Miscellaneous | SecuritiesMiscellaneous | |
| Qualified Contrib Hist Struct | QualifiedContribHistStruct | |
| Qualified Contrib Other | QualifiedContribOther | |
| Real Estate Residential | RealEstateResidential | |
| Real Estate Commercial | RealEstateCommercial | |
| Real Estate Other | RealEstateOther | |
| Collectibles | Collectibles | |
| Food Inventory | FoodInventory | |
| Drugs And Medical Supplies | DrugsAndMedicalSupplies | |
| Taxidermy | Taxidermy | |
| Historical Artifacts | HistoricalArtifacts | |
| Scientific Specimens | ScientificSpecimens | |
| Archaeological Artifacts | ArchaeologicalArtifacts | |
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | false | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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: PATRICIA SCHAEFER - FAMILY RELATIONSHIP DIANE S. HUMPHREY - FAMILY RELATIONSHIP PART VI SECTION B LINE 11A: 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, 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 GAIN ON SALE OF ASSETS $7,629,876 CHANGE IN VALUE OF PERPTUAL TRUST $32,566 |