2023-02-07T14:31:02-06:00 2022-06-30 FORVIS LLP 111 E Wayne St Suite 600 Fort Wayne IN 46802 990 2021-07-01 350845258 INDIANA INSTITUTE OF TECHNOLOGY INC % SHELLY MUSOLF INDI 2604425561 1600 EAST WASHINGTON BLVD FORT WAYNE IN 46803 JUDY K ROY TREASURER 2604225561 2023-05-15 true JUDY K ROY 999009999 Lauren R Denton P01571860 2604604000 2 2021 2023-03-07 01:45:13Z INDIANA TECH KARL W EINOLF 1600 E WASHINGTON BLVD FORT WAYNE IN 46803 121653184 false X WWW.INDIANATECH.EDU X 1948 IN PROVIDES LEARNERS WITH CAREER-FOCUSED, PROFESSIONAL EDUCATION IN THE AREAS OF BUSINESS, COMPUTER STUDIES, ENGINEERING, CRIMINAL SCIENCE, AND GENERAL STUDIES. 18 16 1103 50 208903 0 22195226 19982950 78062161 77654762 7709245 17861941 140930 36608 108107562 115536261 32777059 30339718 0 0 30227235 29540061 225638 233400 1166349 32016041 37933919 95245973 98047098 12861589 17489163 325851841 320737366 45527519 44960463 280324322 275776903 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 1,300 STUDENTS ARE ENROLLED IN THE TRADITIONAL DAY SCHOOL, AND THE COLLEGE OF PROFESSIONAL STUDIES HAS ABOUT 5,500 STUDENTS ENROLLED. false false 80945755 30339718 77654762 AT INDIANA INSTITUTE OF TECHNOLOGY, WE EXCEL AT EDUCATING STUDENTS FROM ALL WALKS OF LIFE, FOR ALL KINDS OF MEANINGFUL WORK. WE'RE A TRULY INCLUSIVE COMMUNITY OF LEARNERS, ENSURING THAT STUDENTS ARE SUPPORTED, INSPIRED, AND EMPOWERED TO MAXIMIZE THEIR PROFESSIONAL PROSPECTS, ADVANCE IN THEIR CAREERS, AND IMPROVE THEIR LIVES AND THE LIVES OF OTHERS. WE BELIEVE STUDENTS LEARN BEST WHEN THEY MEANINGFULLY ENGAGE WITH A REAL-WORLD PROFESSOR. WITH AN ALUM. WITH A CAUSE. WITH A TEAM. WITH A PEER. SIMPLY PUT, OUR MODEL IS HANDS-ON. INDIANA TECH OFFERS DEGREES AT THE ASSOCIATE, BACHELOR'S, MASTER'S AND DOCTORAL LEVELS, IN FIELDS SUCH AS ENGINEERING, COMPUTER SCIENCES, CYBERSECURITY, BUSINESS, ANALYTICS, CRIMINAL JUSTICE, BIOLOGY, HEALTH SCIENCES, AND MORE. IN ALL, THE UNIVERSITY OFFERS MORE THAN 60 QUALITY DEGREE OPTIONS. 80945755 true true false false false false false true false true true false false false true false true false true true true false false true true false false false true true true false false false false false false false false false false true false false false false true false false false true 90 0 1103 true true true false false false false false false false false false false false X 18 16 false false false false false false false true true false false true true true true true true true true false IN X SHELLY MUSOLF 2603992828 1600 E WASHINGTON BLVD FORT WAYNE IN 46803 KARL W EINOLF PRESIDENT 45.0 0.0 X X 506038 0 132754 JUDY K ROY TREASURER 45.0 0.0 X 237141 0 49843 STEVE HERENDEEN VP ENROLLMENT MANAGEMENT 45.0 0.0 X 197917 0 57263 DANIEL GRIGG VP INSTITUTIONAL ADVANCEMENT 45.0 0.0 X 194481 0 39699 STEVE DUSSEAU PROFESSOR 45.0 0.0 X 159725 0 44581 KATHLEEN WATLAND VP OF ACADEMIC AFFAIRS 45.0 0.0 X 160757 0 34554 DANIEL STOKER VP STUDENT AFFAIRS 45.0 0.0 X 148604 0 25795 MARGARET CANALES PROFESSOR 45.0 0.0 X 136056 0 34453 MICHELLE MUSOLF CONTROLLER 45.0 0.0 X 132185 0 33830 LORI FINCANNON DEAN OF BUSINESS 45.0 0.0 X 133876 0 30939 JACK PHLIPOT FACULTY REPRESENTATIVE 45.0 0.0 X 123825 0 29629 CHERI BECKER TRUSTEE 1.0 0.0 X 0 0 0 JEFFREY A BENZING TRUSTEE 1.0 0.0 X 0 0 0 THOMAS L BURNS TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL CAHILL TRUSTEE 1.0 0.0 X 0 0 0 WILLIAM DAUGHERTY TRUSTEE 1.0 0.0 X 0 0 0 DENA M JACQUAY TRUSTEE 1.0 0.0 X 0 0 0 ANTHONY JULIANO TRUSTEE 1.0 0.0 X 0 0 0 DAVID J NASH TRUSTEE 1.0 0.0 X 0 0 0 D GEOFFREY PADDOCK TRUSTEE 1.0 0.0 X 0 0 0 ARNOLD O PIERSON TRUSTEE 1.0 0.0 X 0 0 0 RICHARD J SCHUL TRUSTEE 1.0 0.0 X 0 0 0 GREGG C SENGSTACK TRUSTEE 1.0 0.0 X 0 0 0 JARROD R STOLLER TRUSTEE 1.0 0.0 X 0 0 0 RAVI R TALWAR TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL H WOOD TRUSTEE 1.0 0.0 X 0 0 0 CLIFFORD CLARK ALUMNI REPRESENTATIVE 1.0 0.0 X 0 0 0 2130605 0 513340 57 false true false ASHER AGENCY 535 W WAYNE STREET FORT WAYNE IN 46802 ADVERTISING 2331555 EAB GLOBAL 2445 M STREET NW WASHINGTON DC 20037 ADVERTISING 897321 SECURITAS SECURITY SERVICES 2 CAMPUS DRIVE PAPSIPPANY NH 07054 SECURITY SERVICE 574728 CMA PLUS LLC 202 WEST BERRY STREET FORT WAYNE IN 46802 CONSTRUCTION MGMT 524965 MY FOOTPATH 820 W JACKSON CHICAGO IL 60607 STUDENT RECRUITING 370774 8 13550 8233 18796049 1165118 25279 19982950 TUITION & FEES 611710 69802311 69802311 RESIDENCE HALLS 611710 7323806 7323806 MISCELLANEOUS 611710 528645 301038 227607 77654762 13799587 -18704 13818291 0 0 6034 6034 0 0 0 0 10045524 1500 5956457 28213 4089067 -26713 4062354 4062354 9272 13550 15247 -5975 -5975 0 0 0 141214 110972 30242 30242 VENDING COMMISSION 611710 9432 9432 WELLNESS CENTER 611710 2909 2909 12341 115536261 77427155 208903 17917253 0 30339718 30339718 0 0 1568764 123825 1250458 194481 0 22559827 18117299 3992419 450109 1878639 1508694 332463 37482 1766816 1418891 312674 35251 1766015 1418248 312532 35235 0 78568 78568 92124 92124 0 233400 233400 765826 765826 5198185 3625632 1572553 3856806 189189 3652896 14721 317681 290890 23356 3435 1794088 131031 1663057 0 3944419 3751524 189643 3252 366689 190719 94800 81170 0 186401 120827 63943 1631 914473 869614 44859 0 5830541 5587411 243130 533371 533371 BAD DEBTS 1000301 1000301 SUPPLIES 1655109 1655109 STUDENT SUPPORT 6986580 6970000 7281 9299 ATHLETIC PROGRAMS 2937063 2937063 1475694 699770 709041 66883 98047098 80945755 15934994 1166349 5350 5350 24472133 16553135 6859049 5736282 1440312 1632916 0 0 0 0 0 0 843835 655641 1636634 1897037 193698989 66390724 117254595 127308265 169239093 163633578 0 0 0 0 0 0 4100840 3315162 325851841 320737366 4372630 5106368 0 0 2238582 2507078 38844336 37339985 0 0 0 0 0 0 0 0 71971 7032 45527519 44960463 X 249467849 239455463 30856473 36321440 280324322 275776903 325851841 320737366 X 17489163 -21988779 -47803 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 685195 X false 170407145 293529 -4161210 856763 229427 765826 164687448 137645960 223341 33618496 749330 116475 214847 170407145 137039068 943283 721566 766299 102531 189127 137645960 131111439 910934 6769346 800612 334686 617353 137039068 123181930 1324936 8119388 733010 336029 445446 131111769 0.87000 0.09000 0.04000 false false 12785107 12785107 119476048 38957767 80518281 34126666 27432957 6693709 27311168 27311168 127308265 0 DEPOSIT FUNDS HELD FOR OTHERS 7032 7032 62526388 -21988779 132253 -21856526 84382914 765826 30387521 31153347 115536261 67073807 132253 132253 66941554 765826 30339718 31105544 98047098 SCHEDULE D, PART III, LINE 4 THE UNIVERSITY ART GALLERY, FRANCO D'AGOSTINO ART GALLERY, HOLDS WORKS OF ART FOR THE PUBLIC EXHIBITION. DONATED PIECES ARE DISPLAYED FOR VIEWERS TO ENJOY. ON OCCASION, TRAVELING COLLECTIONS ARE AVAILABLE TO VIEW FOR A LIMITED TIME. THE ART GALLERY PROVIDES CULTURE TO HELP ROUND A STUDENT'S FULL EDUCATION AT INDIANA INSTITUTE OF TECHNOLOGY. SCHEDULE D, PART V, LINE 4 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 THE OCCURRENCE OF OTHER EVENTS SPECIFIED BY DONORS. BOARD-DESIGNATED OR QUASI-ENDOWMENT FUNDS ARE THOSE AVAILABLE FOR USE FOR PURPOSES DETERMINED BY BOARD ACTION. 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. SCHEDULE D RECONCILIATION PART XI, LINE 2D COST OF GOODS SOLD $ 110,972 SPECIAL EVENTS EXPENSE $ 15,247 RENT EXPENSE $ 6,034 TOTAL $ 132,253 PART XI, LINE 4B STUDENT AID $30,339,718 CHANGE IN VALUE OF PERPETUAL TRUST $ 47,803 TOTAL $30,387,521 PART XII, LINE 2D COST OF GOODS SOLD $ 110,972 SPECIAL EVENTS EXPENSE $ 15,247 RENT EXPENSE $ 6,034 TOTAL $ 132,253 PART XII, LINE 4B STUDENT AID $30,339,718 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 THE RACIALLY NONDISCRIMINATORY POLICY IS PUBLICIZED ON THE UNIVERSITY'S WEBSITE AND IN THE STUDENT HANDBOOK. SCHEDULE E, PART I, LINE 6A INDIANA INSTITUTE OF TECHNOLOGY, INC. RECEIVED FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTAL AGENCY IN THE FORM OF GRANTS FOR STUDENTS AND INSTITUTIONAL EXPENSES ALLOWABLE UNDER THE HIGHER EDUCATION EMERGENCY RELIEF FUNDING. true SOUTH ASIA 7 PROGRAM SERVICES STUDENT RECRUITMENT 119600 7 7 119600 119600 false false false false false false X X X X X X X true JF SMITH GROUP INC CONSULTING false 124200 MCALLISTER QUINN CONSULTING false 109200 233400 AL AZ CA CT DE FL GA HI ID IL IN IA KS KY LA ME MT NE NJ NM NC ND OK RI SD TN TX UT VT VA WI GOLF OUTING 22822 13550 9272 3223 11806 218 0 22822 13550 9272 3223 11806 218 15247 -5975 true SCHOLARSHIPS FOR TUITION & FEES 7085 30339718 SCHEDULE I, PART I, LINE 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 true true X X X X X false true false false false false false false false KARL W EINOLF PRESIDENT 387406 0 66470 0 52162 0 88823 0 43931 0 638792 0 JUDY K ROY TREASURER 235839 0 0 0 1302 0 24541 0 25302 0 286984 0 JACK PHLIPOT FACULTY REPRESENTATIVE 123096 0 0 0 729 0 11550 0 18079 0 153454 0 STEVE DUSSEAU PROFESSOR 158969 0 0 0 756 0 11871 0 32710 0 204306 0 MARGARET CANALES PROFESSOR 135354 0 0 0 702 0 11239 0 23214 0 170509 0 LORI FINCANNON DEAN OF BUSINESS 132471 0 0 0 1405 0 13251 0 17688 0 164815 0 MICHELLE MUSOLF CONTROLLER 130664 0 0 0 1521 0 12651 0 21179 0 166015 0 JEFFREY S LEICHTY VP & CHIEF INFORMATION OFFICER 130512 0 0 0 436 0 13353 0 22693 0 166994 0 STEVE HERENDEEN VP ENROLLMENT MANAGEMENT 194171 0 0 0 3746 0 20554 0 36709 0 255180 0 DANIEL GRIGG VP INSTITUTIONAL ADVANCEMENT 188223 0 0 0 6258 0 19289 0 20410 0 234180 0 DANIEL STOKER VP STUDENT AFFAIRS 147869 0 0 0 735 0 14787 0 11008 0 174399 0 KATHLEEN WATLAND VP OF ACADEMIC AFFAIRS 159143 0 0 0 1614 0 15922 0 18632 0 195311 0 SCHEDULE J, PART I, LINE 1A A HOUSING ALLOWANCE IS PROVIDED OR THE PRESIDENT AND REPORTED ON HIS W-2. THE PRESIDENT ALSO RECEIVES GROSSED UP PAYMENTS ON HIS W-2. SCHEDULE J, PART I, LINE 4C DR. EINOLF HAS A DEFERRED COMPENSATION PLAN AS DESCRIBED IN SECTION 457(F). during 2021, amounts deferred under the plan were $59,823. There were no amounts paid out during 2021. A INDIANA FINANCE AUTHORITY 2020 351602316 2020-12-30 21725000 CAPITAL PROJECTS AND REFINANCE 201 false false false B INDIANA FINANCE AUTHORITY 351602316 2018-01-02 29045000 CAPITAL PROJECTS & PARTIAL REFINAN false false false A 10020000 0 21725000 0 0 0 175000 0 0 12000000 0 0 2022 true false false true B 2075000 0 29045000 0 0 1659894 285106 0 0 27100000 0 0 2021 true false false true A false false false false false false 0 false false false true B false false false false 0 false false false true A true false false 0 false 0 false true B true false false 0 false 0 false true A true B true X 1 25279 FAIR MARKET VALUE false true false SCHEDULE M, PART I THE AMOUNTS LISTED IN PART I, COLUMN B ARE BASED ON THE NUMBER OF CONTRIBUTORS FOR EACH TYPE OF PROPERTY CONTRIBUTED. FORM 990, PART VI, SECTION B, LINE 1B KARL W. EINOLF AND JACK PHILPOT ARE PAID EMPLOYEES OF INDIANA INSTITUTE OF TECHNOLOGY AND ARE THEREFORE CONSIDERED NON-INDEPENDENT VOTING MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT CPA FIRM COMPILES INFORMATION FOR THE FORM 990 AND RELATED SCHEDULES USING INFORMATION PROVIDED BY THE ORGANIZATION. THE FORM AND RELATED SCHEDULES ARE REVIEWED BY MANAGEMENT AND PROVIDED TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING. AFTER BOARD APPROVAL, FORM 990 AND SCHEDULES ARE FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 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. FORM 990, PART VI, SECTION B, LINE 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. THIS PROCESS IS PERFORMED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE ALL AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 CHANGE IN VALUE OF PERPETUAL TRUST $-47,803 INDEPENDENT COLLEGES OF INDIANA 30 SOUTH MERIDIAN INDIANAPOLIS IN 46204 310901001 EDUCATION IN 501(C)(3) 12A NA false false false true false false false false false false false false false false false false false false false false