2021-05-14T10:15:06-05:00 2020-06-30 352123203 KSM BUSINESS SERVICES INC PO BOX 40857 INDIANAPOLIS IN 46240 990 2019-07-01 237073977 IVY TECH FOUNDATION INC IVYT 3179214749 50 W FALL CREEK PKWY NORTH DRIVE INDIANAPOLIS IN 462085752 JOHN MURPHY PRESIDENT 3179214749 2021-05-13 1 SCOTT A SCHUSTER P00019243 3175802000 2021-05-11 2019 2022-09-23 18:48:47Z JOHN MURPHY 50 W FALL CREEK PKWY NORTH DRIVE INDIANAPOLIS IN 462085752 37926940 0 X WWW.IVYTECH.EDU/GIVING X 1969 IN TO RECEIVE, HOLD, INVEST AND ADMINISTER PROPERTY; AND TO SOLICIT AND RECEIVE CONTRIBUTIONS; AND TO MAKE EXPENDITURES TO OR FOR THE BENEFIT OF IVY TECH COMMUNITY COLLEGE. 59 57 0 400 0 0 21407845 19431625 0 0 3055260 2162343 741680 514792 25204785 22108760 7877071 7665276 0 0 0 0 189020 183184 335186 11546754 11967941 19612845 19816401 5591940 2292359 121531893 120027175 12248707 11387243 109283186 108639932 X TO RECEIVE, HOLD, INVEST AND ADMINISTER PROPERTY; AND TO SOLICIT AND RECEIVE CONTRIBUTIONS; AND TO MAKE EXPENDITURES TO OR FOR THE BENEFIT OF IVY TECH COMMUNITY COLLEGE. 0 0 3928039 3928039 SOLICITING, RECEIVING, ADMINISTERING AND DISTRIBUTING DONATIONS FOR FINANCIAL AID FOR STUDENTS ATTENDING IVY TECH COMMUNITY COLLEGE 9259203 3712237 HELPING IVY TECH COMMUNITY COLLEGE WITH ITS NEEDS FOR LAND, FACILITIES, AND EQUIPMENT. 2211875 PROVIDING SUPPORT FOR SPECIAL, INNOVATIVE PROGRAMS OF IVY TECH COMMUNITY COLLEGE. 1877802 25000 HELPING FUND OTHER PROGRAM EXPENDITURES FOR IVY TECH COMMUNITY COLLEGE OF INDIANA, INCLUDING FACULTY AND STAFF DEVELOPMENT, EMPLOYEE RECOGNITION, AND COMMUNITY OUTREACH EXPENDITURES. 1877802 25000 17276919 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 75 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 59 57 0 0 1 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 IN X X JOHN MURPHY 3179214749 50 WEST FALL CREEK PARKWAY NORTH INDIANAPOLIS IN 462085752 SUE ELLSPERMANN PRESIDENT, COLLEGE 2.00 38.00 X 0 381519 98785 JOHN M MURPHY PRESIDENT, FOUNDATION 24.00 16.00 X X 0 266357 65924 KEVIN HONIGFORD ASSISTANT TREASURER 24.00 16.00 X 0 148939 39801 BECKY MILLER ASSISTANT SECRETARY 1.00 39.00 X 0 124464 39411 DEREK BERGER ASSISTANT SECRETARY 40.00 X 0 23079 7331 MICHAEL M HARMLESS CHAIRPERSON 2.00 X X 0 0 0 MARIA QUINTANA VICE CHAIR 2.00 X X 0 0 0 PATRICK R RALSTON TREASURER 2.00 X X 0 0 0 TERRY L BOWEN SECRETARY 2.00 X X 0 0 0 KEVIN AHAUS BOARD MEMBER 2.00 X 0 0 0 TERRY W ANKER BOARD MEMBER 2.00 X 0 0 0 JAMES AULT BOARD MEMBER 2.00 X 0 0 0 PHIL BANE BOARD MEMBER 2.00 X 0 0 0 JESSE R BRAND BOARD MEMBER 2.00 X 0 0 0 CATHRYN H BRODERICK BOARD MEMBER 2.00 X 0 0 0 CONSTANCE BROWN BOARD MEMBER 2.00 X 0 0 0 LORENE M BURKHART BOARD MEMBER 2.00 X 0 0 0 CELESTE CALVITTO BOARD MEMBER 2.00 X 0 0 0 LEX CURRY BOARD MEMBER 2.00 X 0 0 0 STEPHEN J DAILY BOARD MEMBER 2.00 X 0 0 0 SALLY DEVOE BOARD MEMBER 2.00 X 0 0 0 JODI ENGELSTAD BOARD MEMBER 2.00 X 0 0 0 RONALD K FAUQUHER BOARD MEMBER 2.00 X 0 0 0 CONNIE FERGUSON BOARD MEMBER 2.00 X 0 0 0 DAVID M FINDLAY BOARD MEMBER 2.00 X 0 0 0 DAVID R GOODMAN JR BOARD MEMBER 2.00 X 0 0 0 JAMES GOTHARD BOARD MEMBER 2.00 X 0 0 0 WILLIAM R GUTZWILLER BOARD MEMBER 2.00 X 0 0 0 MARK F HAGERMAN BOARD MEMBER 2.00 X 0 0 0 MARCUS HESTER BOARD MEMBER 2.00 X 0 0 0 CATHERINE POPP HOFFMAN ESQ BOARD MEMBER 2.00 X 0 0 0 PAULA HUGHES-SCHUH BOARD MEMBER 2.00 X 0 0 0 J MICHAEL JARVIS BOARD MEMBER 2.00 X 0 0 0 REBECCA KUBACKI BOARD MEMBER 2.00 X 0 0 0 MICHAEL O LUNSFORD BOARD MEMBER 2.00 X 0 0 0 MARK MAASSEL BOARD MEMBER 2.00 X 0 0 0 LEE J MARCHANT BOARD MEMBER 2.00 X 0 0 0 THOMAS MARCUCCILLI BOARD MEMBER 2.00 X 0 0 0 GLEN MUEHLBAUER BOARD MEMBER 2.00 X 0 0 0 DAVID MURRAY BOARD MEMBER 2.00 X 0 0 0 JAME ORBIK BOARD MEMBER 2.00 X 0 0 0 IZABELA OZDEMIR BOARD MEMBER 2.00 X 0 0 0 ALPA PATEL BOARD MEMBER 2.00 X 0 0 0 PAUL PERKINS BOARD MEMBER 2.00 X 0 0 0 DONNA FFEIL BOARD MEMBER 2.00 X 0 0 0 LU B PORTER BOARD MEMBER 2.00 X 0 0 0 MAMON POWERS III BOARD MEMBER 2.00 X 0 0 0 MELISSA PROFFITT BOARD MEMBER 2.00 X 0 0 0 GREG RANGER BOARD MEMBER 2.00 X 0 0 0 WILLIAM F RITZMANN BOARD MEMBER 2.00 X 0 0 0 NANCY RHODES BOARD MEMBER 2.00 X 0 0 0 PHILIP B ROBY BOARD MEMBER 2.00 X 0 0 0 LAUREN SALERNO BOARD MEMBER 2.00 X 0 0 0 STEVEN R SCHRECKENGAST BOARD MEMBER 2.00 X 0 0 0 A H SCHUMAKER II BOARD MEMBER 2.00 X 0 0 0 ROLAND SHELTON BOARD MEMBER 2.00 X 0 0 0 STEPHEN R STEIN BOARD MEMBER 2.00 X 0 0 0 VINCENT VIVEROS BOARD MEMBER 2.00 X 0 0 0 RICHARD L VONDERHAAR BOARD MEMBER 2.00 X 0 0 0 SCOTT WALLSMITH BOARD MEMBER 2.00 X 0 0 0 JOE WHITSETT BOARD MEMBER 2.00 X 0 0 0 DARRELL E ZINK JR BOARD MEMBER 2.00 X 0 0 0 0 944358 251252 0 0 1 0 JOHNSON GROSSNICKLE & ASSOCIATES 29 S PARK BLVD GREENWOOD IN 46143 FUNDRAISING CONSULTANT 129668 1 423668 785213 18222744 2039236 19431625 1924753 1924753 34239 34239 1288398 1082456 205942 205942 95997 109945 14341689 398998 13681620 821477 660069 -422479 237590 237590 81260 423668 232627 -151367 -151367 VENDING INCOME 900099 399324 399324 OTHER 900099 26654 26654 425978 22108760 95997 0 2581138 X 3737237 3737237 3928039 3928039 75578 75578 183184 183184 130730 130730 195379 132810 7047 55522 33472 33472 217594 379 169081 48134 20782 17955 2827 9591 9591 503372 503372 8719 8719 BUILDING IMPROVEMENTS 3733020 3733020 SPECIAL PROGRAMS 2211875 2211875 IN-KIND EXPENSES 1322994 1322994 BAD DEBT EXPENSE 1014979 1014979 2489856 1670928 806881 12047 19816401 17276919 2204296 335186 3186 0 3509775 8940878 14703752 12067397 242368 426516 54588106 19482224 18624813 35105882 47810258 51406147 8101920 7368520 28535821 4711835 121531893 120027175 914282 742465 5541410 5270995 455572 295849 5337443 5077934 12248707 11387243 X 32607310 26206443 76675876 82433489 109283186 108639932 121531893 120027175 X 2292359 -289961 -2645652 X X 0 1 X 1 0 X 19604541 10174515 14124483 21407845 19431625 84743009 19604541 10174515 14124483 21407845 19431625 84743009 4323666 80419343 4950749 4222081 3966513 3278603 3247390 19665336 104408345 3911051 0.77020 0.78010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X USE IN ART EDUCATION 0 38967455 1562718 1227048 2172889 39584332 36407586 2525614 2001367 1967112 38967455 34478825 1132904 2073102 1277245 36407586 32070610 277091 3336450 1185210 20116 34478825 33258201 680182 -519319 1072030 276424 32070610 0.00000 0.92900 0.07100 1 0 4256707 4256707 49924273 19172089 30752184 407126 310135 96991 35105882 CERTIFICATES OF DEPOSIT 823506 F HEDGE FUNDS 5193098 F BENEFICIAL INTEREST IN TRUSTS 1190487 F LIFE INSURANCE CONTRACT 161429 F 7368520 ANNUITIES PAYABLE 341071 INTEREST RATE SWAP LIABILITY 364330 CAPITALIZED LEASE OBLIGATIONS 4371133 INVESTMENT IN CEI 1400 5077934 X 25538768 -289961 3904805 1647477 5262321 20276447 130730 1701583 1832313 22108760 25366039 3904805 3356321 7261126 18104913 130730 1580758 1711488 19816401 PART III, LINE 4: COLLECTION CONSISTS OF 50 PIECES OF ARTWORK IN LAFAYETTE REGION, FOR ONE OR MORE OF THE FOLLOWING PURPOSES: 1) FURTHERANCE OF IVY TECH ART PROGRAM, 2) TEACHING ART TO THE ART STUDENTS 3) DISPLAY AS PART OF ITS ART COLLECTIONS. PART V, LINE 4: THE ENDOWMENT FUNDS ARE UTILIZED TO ASSIST THE MISSION OF IVY TECH COMMUNITY COLLEGE. MOST FUNDS PROVIDE SCHOLARSHIPS FOR STUDENTS ATTENDING THE COLLEGE. THE REMAINDER OF THE FUNDS PROVIDE PROGRAMS, FACILITIES, SUPPLIES AND EQUIPMENT TO THE COLLEGE. THE FOUNDATION'S POLICY IS TO ANNUALLY DISTRIBUTE 4% OF THE ENDOWMENT'S ASSET VALUE. PART X, LINE 2: IVY TECH FOUNDATION, INC. IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). COMMUNITY ENTERPRISES PROPERTIES, LLC AND IVY TECH LOAN FUND, LLC ARE SINGLE MEMBER, MEMBER MANAGED LIMITED LIABILITY COMPANIES THAT ARE TREATED AS DISREGARDED ENTITIES FOR FEDERAL AND STATE INCOME TAX PURPOSES, AND THUS ARE ALSO EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE IRC. IN ADDITION, IVY TECH FOUNDATION, INC. HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE IRC. HOWEVER, THE FOUNDATION IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE IRC. THERE WAS NO UNRELATED BUSINESS INCOME TAX FOR THE YEARS ENDED JUNE 30, 2020 AND 2019. THE FOUNDATION FILES U.S. FEDERAL AND STATE OF INDIANA INFORMATION RETURNS. THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE THE YEAR ENDED JUNE 30, 2017. MANAGEMENT BELIEVES THAT THE FOUNDATION'S INCOME TAX FILING POSITIONS WILL BE SUSTAINED ON AUDIT AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WILL RESULT IN A MATERIAL CHANGE. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 1,082,456. UNCOLLECTABLE PLEDGES 565,021. PART XI, LINE 4B - OTHER ADJUSTMENTS: ALLOWANCE FOR UNCOLLECTABLE AMOUNTS 1,580,000. LOSS ON RATE SWAP 120,825. CHANGE IN BENEFICIAL INTEREST OF TRUST 758. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 1,082,456. EXPENSES OF SUBSIDIARIES 1,708,844. UNCOLLECTABLE PLEDGES 565,021. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOWANCE FOR UNCOLLECTABLE AMOUNTS 1,580,000. CHANGE IN BENEFICIAL INTEREST 758. X X X X X X X 1 JOHNSON GROSSNICKLE & ASSOCIATES 29 S PARK BLVD GREENWOOD IN 46143 FUNDRAISING CONSULTANT 0 18424044 129668 18294376 VITRUVIAN 5420 CENTRAL AVE INDIANAPOLIS IN 46220 FUNDRAISING CONSULTANT - SEE PART IV 0 263244 53516 209728 18687288 183184 18504104 IN CULINARY ARTS DINNER - SOUTH BEND 87435 78525 8910 30283 CULINARY BANQUET - FT WAYNE 60400 49913 10487 22283 21 357093 295230 61863 180061 504928 423668 81260 232627 232627 -151367 SCHEDULE G, PART I, LINE 2B, LIST OF HIGHEST PAID FUNDRAISERS: (I) NAME OF FUNDRAISER: JOHNSON GROSSNICKLE & ASSOC (I) ADDRESS OF FUNDRAISER: 29 S. PARK BLVD, GREENWOOD, IN 46143 (I) NAME OF FUNDRAISER: VITRUVIAN (I) ADDRESS OF FUNDRAISER: 5420 CENTRAL AVE, INDIANAPOLIS, IN 46220 (I) ACTIVITY: FUNDRAISING CONSULTANT - GROSS RECEIPTS IN LINE 2B(IV) DO NOT INCLUDE $2.0M IN REVOCABLE PLANNED GIFT COMMITMENTS 1 IVY TECH COMMUNITY COLLEGE OF INDIANA 50 W FALL CREEK PARKWAY N DRIVE INDIANAPOLIS IN 46208 351180631 STATE OF INDIANA 0 3712237 APPRAISAL LAND AND BUILDINGS TO FURTHER THE EDUCATIONAL MISSION OF IVY TECH COMMUNITY COLLEGE OF INDIANA. VISIT INDY 200 S CAPITOL AVE SUITE 300 INDIANAPOLIS IN 46225 350413010 501(C)(6) 5000 0 TO FURTHER THE EDUCATIONAL MISSION OF IVY TECH COMMUNITY COLLEGE OF INDIANA. BLOOMINGTON ECONOMIC DEVELOPMENT CORP 1720 N KINSER PIKE BLOOMINGTON IN 47404 351534668 501(C)(6) 5000 0 TO FURTHER THE EDUCATIONAL MISSION OF IVY TECH COMMUNITY COLLEGE OF INDIANA. INDIANA PHILANTHROPY ALLIANCE INC 32 E WASHINGTON ST SUITE 1100 INDIANAPOLIS IN 46204 351835134 501(C)(3) 5000 0 TO FURTHER THE EDUCATIONAL MISSION OF IVY TECH COMMUNITY COLLEGE OF INDIANA. INTERNATIONAL MARKETPLACE COALITION 4233 LAFAYETTE RD INDIANAPOLIS IN 46222 204008623 501(C)(3) 5000 0 TO FURTHER THE EDUCATIONAL MISSION OF IVY TECH COMMUNITY COLLEGE OF INDIANA. YMCA OF GREATER INDIANAPOLIS 615 N ALABAMA ST STE 200 INDIANAPOLIS IN 46204 356051396 501(C)(3) 5000 0 TO FURTHER THE EDUCATIONAL MISSION OF IVY TECH COMMUNITY COLLEGE OF INDIANA. 3 3 SCHOLARSHIPS AND OTHER FINANCIAL AID 4048 3928039 PART I, LINE 2: GRANT ALLOCATIONS ARE DIRECTLY GIVEN TO IVY TECH COMMUNITY COLLEGE. THE COLLEGE AWARDS SCHOLARSHIPS BASED ON PRE-SET CRITERIA AND MONITORS THE USE OF THE GRANT MONEY. THE FOUNDATION ALSO PROVIDES GRANTS TO OTHER ORGANIZATIONS TO FURTHER THE EDUCATION MISSION OF IVY TECH COMMUNITY COLLEGE. THESE GRANTS ARE MONITORED ON A CASE-BY-CASE BASIS. X X 1 1 X X 0 0 0 0 0 0 0 0 0 SUE ELLSPERMANN PRESIDENT, COLLEGE 0 309860 0 0 0 71659 0 47400 0 51385 0 480304 0 0 JOHN M MURPHY PRESIDENT, FOUNDATION 0 245427 0 0 0 20930 0 13512 0 52412 0 332281 0 0 KEVIN HONIGFORD ASSISTANT TREASURER 0 147859 0 0 0 1080 0 0 0 39801 0 188740 0 0 BECKY MILLER ASSISTANT SECRETARY 0 118769 0 0 0 5695 0 2579 0 36832 0 163875 0 0 PART I, LINE 1A ON A PRE-APPROVED BASIS, CERTAIN IVY TECH COMMUNITY COLLEGE EMPLOYEES ARE PROVIDED SOCIAL CLUB MEMBERSHIPS TO ACCOMMODATE BUSINESS NEEDS RELATED TO COLLEGE FUNCTIONS OR COMMUNITY OUTREACH. THE SOCIAL CLUB MEMBERSHIP DUES ARE PAID BY THE IVY TECH FOUNDATION. ANY PERSONAL USE OF SOCIAL CLUB MEMBERSHIPS IS A TAXABLE FRINGE BENEFIT AND IS INCLUDED IN THE TAXABLE WAGES OF EMPLOYEES RECEIVING THE BENEFIT. ADDITIONALLY, PAY IS INCREASED/GROSSED UP TO COMPENSATE EMPLOYEES FOR THE ESTIMATED TAXES OWED AS A RESULT OF ANY DERIVED TAXABLE INCOME. A OLD NATIONAL BANK 351729164 2012-06-19 1833253 PURCHASE REAL ESTATE USED BY IVY TECH 0 0 0 A 37605 1833253 2011 0 1 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 1 1 OLD NATIONAL BANK 24.000000000000 0 0 0 0 0 A 0 X 2214 FMV X 4021 FMV X 17 319702 FMV X 2 25169 APPRAISAL FMV X 21 694688 STOCK EXCHANGE PRICE X MISCELLANEOUS ITEMS 132 809895 FMV X MACHINERY AND EQUIPMENT 1 150000 FMV X LAND 1 30000 FMV X FOOD, ETC. 18 3547 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 4 THE FOUNDATION'S AUDIT AND ADMINISTRATIVE POLICIES COMMITTEE AND GOVERNANCE COMMITTEE CONDUCTED A FOCUSED REVIEW ON THE ARTICLES OF INCORPORATION AND BY LAWS, INCLUDING UPDATING OUTDATED PROVISIONS, REVISING OR REMOVING PROVISIONS THAT OFTEN CHANGE, ENSURING PROPER BALANCE OF THE FOUNDATION'S RELATIONSHIP WITH COLLEGE, AND PROVIDING CLARITY TO PROVISIONS RELATED TO BOARD MEMBERSHIP FOR STATE TRUSTEES. AS A RESULT OF THE REVIEW, THE FOLLOWING WERE THE MORE SIGNIFICANT CHANGES MADE: 1) CURRENTLY, THE BYLAWS AND ARTICLES OF INCORPORATION REQUIRE THERE TO BE FOUR (4) DIRECTORS ELECTED ANNUALLY BY AND FROM THE MEMBERSHIP OF THE STATE TRUSTEES OF THE COLLEGE. A CHANGE WAS MADE TO MODIFY THE ARTICLES OF INCORPORATION TO ALLOW A MINIMUM OF FOUR (4) AND A MAXIMUM OF SIX (6) OF THE DIRECTORS TO BE SERVING AS MEMBERS OF THE STATE TRUSTEES 2) CURRENTLY, THE BYLAWS HAVE THE OFFICERS IN THE POSITIONS OF VICE PRESIDENT, THE TWO (2) ASSISTANT TREASURERS AND AN ASSISTANT SECRETARY AS BEING THOSE PERSONS DESIGNATED BY THEIR TITLE WITHIN THEIR EMPLOYMENT WITH THE COLLEGE. A CHANGE WAS MADE TO ALLOW THE PRESIDENT OF THE CORPORATION TO SPECIFICALLY DESIGNATE THOSE OFFICERS, REGARDLESS OF TITLE. 3) AMENDING THE BYLAWS TO ESTABLISH THE USE OF A SEPARATE CHARTER SETTING FORTH THE DUTIES AND RESPONSIBILITIES, MEMBERSHIP, AND PROCEDURES FOR THE CONDUCT OF STANDING COMMITTEES OF THE BOARD: FINANCE, STRATEGIC INITIATIVES, DEVELOPMENT, AUDIT AND ADMINISTRATIVE POLICIES, AND GOVERNANCE COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF FORM 990 WILL FIRST BE THOROUGHLY REVIEWED BY THE AUDIT AND ADMINISTRATIVE POLICIES COMMITTEE. ANY APPROPRIATE REVISIONS WILL BE MADE AND THEN THE UPDATED FORM 990 WILL BE SENT TO ALL BOARD MEMBERS FOR THEIR REVIEW AND COMMENTS. AGAIN, ANY APPROPRIATE REVISIONS WILL BE MADE BEFORE FILING. IF SUBSTANTIAL REVISIONS ARE NEEDED, THE FORM 990 WILL BE CIRCULATED A SECOND TIME TO ALL BOARD MEMBERS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY INCLUDES A FORM TO BE COMPLETED AND SUBMITTED ANNUALLY. THE FORM REQUIRES INFORMATION REGARDING EACH RECIPIENTS FINANCIAL INTERESTS AND EMPLOYMENT. THE CONTENT OF EACH FORM IS REVIEWED BY THE ASSISTANT TREASURER TO ASSESS ANY POTENTIAL CONFLICTS OF INTEREST. IF CONFLICTS OF INTEREST EXIST, THE POLICY PROVIDES THE PROCEDURAL GUIDELINES. FORM 990, PART VI, SECTION B, LINE 15 THE IVY TECH FOUNDATION HAS NO EMPLOYEES. THE FOUNDATION CONTRACTS WITH IVY TECH COMMUNITY COLLEGE FOR SERVICES PERFORMED BY COLLEGE EMPLOYEES THAT BENEFIT THE FOUNDATION. COLLEGE SALARIES ARE ESTABLISHED BASED UPON COMPARATIVE SALARY ANALYSIS OF COLLEGE EMPLOYEES IN COMPARABLE POSITIONS, CONSIDERATION OF ECONOMIES OF SCALE, INPUT FROM HUMAN RESOURCES AND FINAL APPROVAL OF APPROPRIATE COLLEGE OFFICER. FORM 990, PART VI, SECTION C, LINE 18 THE IVY TECH FOUNDATION ONLY FILES FORM 990 AND MAKES IT AVAILABLE TO THE PUBLIC AS FOLLOWS: 1) IVY TECH COMMUNITY COLLEGE'S WEBSITE, 2) IVY TECH FOUNDATION'S OFFICE LOCATION IN INDIANAPOLIS, IN AND 3) UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC AS FOLLOWS: 1) IVY TECH COMMUNITY COLLEGE'S WEBSITE, 2) INCLUSION WITHIN IVY TECH COMMUNITY COLLEGE'S ANNUAL FINANCIAL REPORT, WHICH IS AVAILABLE TO THE PUBLIC, AND 3) UPON REQUEST. FORM 990, PART IX, LINE 24E OUTREACH PROGRAM EXPENSE: PROGRAM SERVICE EXPENSES 934,619. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 934,619. ADMINISTRATION EXPENSE PAID TO COLLEGE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 754,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 754,000. INSTRUCTION SUPPLIES AND EQUIPMENT: PROGRAM SERVICE EXPENSES 490,952. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 490,952. FACULTY AND STAFF DEVELOPMENT: PROGRAM SERVICE EXPENSES 159,774. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 159,774. OTHER EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 48,021. FUNDRAISING EXPENSES 12,047. TOTAL EXPENSES 60,068. AWARDS AND RECOGNITION: PROGRAM SERVICE EXPENSES 48,679. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 48,679. ALUMNI ASSOCIATION: PROGRAM SERVICE EXPENSES 36,904. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 36,904. ANNUITY OBLIGATION: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 4,860. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,860. FORM 990, PART XI, LINE 9: GAIN/LOSS ON INTEREST RATE SWAP -120,825. TRANSFER FROM IVY TECH PROPERTIES (NET) -2,524,827. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. COMMUNITY ENTERPRISES PROPERTIES LLC 50 W FALL CREEK PARKWAY N DRIVE INDIANAPOLIS IN 46208 271333852 REAL ESTATE HOLDING IN -1870556 17826184 IVY TECH FOUNDATION INC IVY TECH LOAN FUND LLC 50 W FALL CREEK PARKWAY N DRIVE INDIANAPOLIS IN 46208 851557865 LOAN FUND IN 0 0 IVY TECH FOUNDATION INC IVY TECH COMMUNITY COLLEGE OF INDIANA 50 W FALL CREEK PARKWAY N DRIVE INDIANAPOLIS IN 46208 351180631 POST-SECONDARY EDUCATION IN N/A 0 IVY TECH PROPERTIES INC 50 W FALL CREEK PARKWAY NORTH DRIVE INDIANAPOLIS IN 46208 454551412 ACQUIRE, OWN AND REDEVELOP PROPERTY FOR THE BENEFIT OF IVY TECH COMMUNITY CO IN 501(C)(2) IVY TECH FOUNDATION INC 0 COMMUNITY ENTERPRISES INC 50 W FALL CREEK PARKWAY N DRIVE INDIANAPOLIS IN 46208 943447601 INVESTMENTS IN N/A C -1400 1.00000 0 0 1 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 1 1 IVY TECH COMMUNITY COLLEGE OF INDIANA - SCHOLARSHIPS B 3928039 CASH IVY TECH COMMUNITY COLLEGE OF INDIANA O 754000 FMV IVY TECH COMMUNITY COLLEGE OF INDIANA - RENT J 600569 FMV IVY TECH COMMUNITY COLLEGE OF INDIANA R 2353719 FMV IVY TECH COMMUNITY COLLEGE OF INDIANA- CAPITAL LEASE D 4711835 FMV COMMUNITY ENTERPRISES INC D 1400 FMV IVY TECH COMMUNITY COLLEGE OF INDIANA B 785213 CASH IVY TECH COMMUNITY COLLEGE OF INDIANA - PROPERTIES B 3712237 FMV IVY TECH PROPERTIES S 2524827 CASH