2011-12-16T14:27:25-05:00 2011-06-30 BKD LLP 200 E Main St Suite 700 Fort Wayne IN 46802 990 2010-07-01 350845258 Indiana Institute of Technology Inc INDI 2604225561 1600 East Washington Blvd Fort Wayne IN 46803 JUDY ROY 2011-12-13 true Joyce A Dulworth 2604604000 2010 2016-02-24 21:20:13Z JUDY ROY 1600 EAST WASHINGTON BLVD FORT WAYNE IN 46803 79609020 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. 15 13 1102 90 -52266 9279615 9424775 44190699 50740812 -80024 985535 -50034 180852 53340256 61331974 14967493 16953599 0 0 15515580 16627014 0 0 833034 14133449 15547257 44616522 49127870 8723734 12204104 101759040 122696197 23617335 24687946 78141705 98008251 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. false false 40371279 16953599 50740812 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. 40371279 true true false false false false false false false true true false false false true true true false true false false 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 false true 78 0 true 1102 true true true false false false false false false false false false X 15 13 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 309544 0 95990 ROBERT A WAGNER 1.0 X 0 0 0 DONALD R WILLIS 1.0 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 0 0 0 JEFFREY L WALLS 40.0 X 111576 0 32357 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 PATRICIA SCHAEFER 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 AUDRA J WILCOXSON 1.0 X 0 0 0 MICHAEL H WOOD 1.0 X 0 0 0 JUDY K ROY 45.0 X 117211 0 26947 MARK H RICHTER 45.0 X 130582 0 34075 STEPHEN P DUSSEAU 45.0 X 106230 0 30807 KENNETH E RAUCH 45.0 X 105469 0 30586 ELAINE PONTILLO 45.0 X 101501 0 29435 GARY A MESSICK 45.0 X 100867 0 29252 1082980 0 309449 9 false true false 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 4 2152 6099682 3322941 358507 9424775 TUITION & FEES 611710 46722301 46722301 RESIDENCE HALLS 611710 3996703 3996703 WELLNESS CENTER 611710 6242 6242 VENDING COMMISSION 611710 15566 15566 50740812 1921999 1921999 0 0 60638 112904 -52266 -52266 -52266 15950150 16886614 -936464 -936464 -936464 6933 2152 10184 -3251 -3251 0 1212360 1267344 -54984 MISCELLANEOUS 611710 269203 269203 ALUMNI ASSOCIATION DUES 611710 22150 22150 291353 61331974 50740812 -52266 1273637 0 16953599 16953599 0 0 660631 143933 437422 79276 0 12999678 9182135 3465434 352109 788277 572289 192340 23648 1168937 867722 231601 69614 1009491 732890 246316 30285 0 18130 18130 106980 106980 0 0 169626 169626 2515585 1826315 689270 1220845 1174946 30636 15263 1400244 863215 342046 194983 572481 411563 155328 5590 0 1536324 1115371 420953 450658 281972 106420 62266 0 147054 106761 40293 931655 676382 255273 0 2390748 1735683 655065 138362 100451 37911 ATHLETIC PROGRAMS 1207168 1207168 BAD DEBTS 888341 888341 STUDENT SUPPORT 309365 309365 FOOD 366636 366636 SUPPLIES 194773 141405 53368 982282 713137 269145 49127870 40371279 7923557 833034 4525 4400 5397218 9920452 2506641 2393117 1644462 1763921 420328 431804 386289 413818 75220981 20962092 49202462 54258889 40765198 50141308 1431917 3368488 101759040 122696197 3353212 2718114 965769 1458121 18445000 19660000 9877 0 843477 851711 23617335 24687946 X 67032337 84063292 3272572 5060994 7836796 8883965 78141705 98008251 101759040 122696197 X 12204104 7662442 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32332288 1236937 8638985 273974 699217 169626 41065393 28061265 150424 4696986 218286 224200 133901 32332288 34097802 415564 -5633509 492624 221136 104832 28061265 0.68900 0.21700 0.09400 false false 2988391 2988391 54318338 12864858 41453480 0 12926405 8097234 4829171 4987847 4987847 54258889 0 DEPOSIT FUNDS HELD FOR OTHERS 851711 851711 61331974 49127870 12204104 7629876 32566 7662442 19866546 53431249 7629876 1422998 9052874 44378375 16953599 16953599 61331974 33564703 1390432 1390432 32174271 16953599 16953599 49127870 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. 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. true SCHOLARSHIPS FOR TUITION & FEES 4358 16953599 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 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 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 6/30/2011 WAS $30,000. 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 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 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 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 false false false false false false false false false false false false false false false false false false false false false false false false X 6 358507 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: 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