2017-03-28T16:00:10-05:00 2016-05-31 350921680 CROWE HORWATH LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2015-06-01 362170136 Illinois Institute of Technology ILLI 3125673825 3424 SOUTH STATE STREET TC-4 FL CHICAGO IL 60616 PATRICIA LAUGHLIN VP, FINANCE & ADMINISTRATION 2016-12-15 true NICOLE BENCIK P00756195 3128997000 2015 2021-01-29 14:40:06Z Alan W Cramb 3424 SOUTH STATE STREET CHICAGO IL 60616 399556358 false X WWW.IIT.EDU X 1940 IL TO PROVIDE DISTINCTIVE AND RELEVANT EDUCATION IN AN ENVIRONMENT OF SCIENTIFIC, TECHNOLOGICAL, AND PROFESSIONAL KNOWLEDGE CREATION AND INNOVATION. 70 66 4534 110 186959 63420177 70771692 282151370 284723693 20662248 18092893 624730 408824 366858525 373997102 96550761 104865742 0 152877134 159968763 106721 60956 10276121 110141564 103136901 359676180 368032362 7182345 5964740 591226686 566604624 261862534 247608564 329364152 318996060 X TO PROVIDE DISTINCTIVE AND RELEVANT EDUCATION IN AN ENVIRONMENT OF SCIENTIFIC, TECHNOLOGICAL, AND PROFESSIONAL KNOWLEDGE CREATION AND INNOVATION. false false 199617317 104865742 204299891 INSTRUCTION SUPPORT:- Instruction supports 36 academic majors, more than 60 minors, and a variety of specializations and is made up of nearly 7,900 students, including 2,800 undergraduate, 3,289 graduate, 740 law students, and 652 Ph.D. candidates. The University offered and awarded 684 bachelor, 1,639 master, 242 J.D., and 87 Ph.D. degrees during the 2016 academic year. The University's signature Interprofessional Projects Program (IPRO) joins together students from various academic disciplines to work as a team to tackle a real-world problem. Students from architecture, engineering, and humanities may create low-cost shelter solutions, or chemistry, business, and law students may develop best practices in CO2-reducing technologies. Such experiential learning reinforces traditional education methods, providing students a richer academic experience. When they graduate, they have learned to "speak the language" of other professions and have learned that problems can be "framed" from many different perspectives. Sustainability IPRO projects aim to preserve our environmental heritage through exploration of technologies, behaviors, and practices that change our way of thinking, working, and living. Recently, IPRO project teams collaborated on a low-cost water-purification system, developed an assistance device to help visually impaired people swim, devised a mobile operating room for disaster relief in third-world countries and developed renovations for a historic neighborhood theatre. The University's Idea Shop is where ideas are transformed into reality. This 13,000-square-foot innovation hub has a state-of-the-art, rapid-prototyping lab featuring 3-D printers and a 3-D scanner, multiple CNC milling machines, a vacuum former, and laser cutter. It unites people to provide an incubator for novel ideas and solutions to important problems. 32668404 37732977 RESEARCH:- Research awards received in fiscal year 2016 were $38.6 million. IIT received awards in the areas of science, engineering, technology, and mathematics all of which are synergistic with the strategic plan. Notably, the Electrical and Computer Engineering Department received 21 awards totaling $4.1 million and the Computer Science Department received 25 awards for $2.6 million. Also, the Civil, Architectural and Environmental Engineering Department received 14 awards for $2 million, the Biomedical Engineering Department received 16 awards for $1.6 million, the Biology Department 6 awards for $2.2 million, Chemical and Biological Engineering 11 awards totaling $3.9 million, Mechanical Aerospace and Material Engineering 35 awards totaling $4.1 million, Physics Department 32 awards totaling $3.6 million and the Institute of Psychology 7 awards for $1 million. In addition, the National Center for Food Safety and Technology received 27 awards totaling $9.1 million. 20555071 19496214 STUDENT SERVICES:- This program provides health, academic, transitional assistance, student orientation and other student services including the student finance center, admissions, and registration. In addition, these services also include the dean of students and student activities and minority programs. 19140550 14355705 AUXILIARY SERVICES:- This provides for campus housing and dining for the students and includes residence halls and a dining room, apartment-style buildings, five fraternity houses, and two sorority houses. 16812195 8838906 ACADEMIC SUPPORT:- IIT provides students with the information skills to compete in today's challenging and rapidly changing environment through its several libraries and academic computing centers allowing students access to terminals. In addition, the Provost's office offers several programs that provide advising and counseling. 35952745 23194611 288793537 true true false true false false false false false true true false false false true true false true true true true false false true true false false false true true true false false false false false false false false true true true false false false false true true true false false true 6649 0 true 4534 true true true true IN false false false true true false false false false X 70 66 true false false false false false false true true false false true true true true true true true true false MD SC X PATRICIA LAUGHLIN 3125673825 3424 SOUTH STATE STREET TC-4TH FL CHICAGO IL 60616 Alan Cramb Provost thru 7/31; President from 8/1 39.0 0.0 X X 779700 0 44428 Craig J Duchossois Trustee 1.0 0.0 X X 0 0 0 Edward L Kaplan Trustee 1.0 0.0 X X 0 0 0 Victor A Morgenstern Trustee 1.0 0.0 X X 0 0 0 David J Vitale Trustee 1.0 0.0 X X 0 0 0 Alan W Wendorf Trustee 1.0 0.0 X X 0 0 0 Andrew V Agostini Trustee 1.0 0.0 X 0 0 0 William C Bartholomay Trustee 1.0 0.0 X 0 0 0 Andrea L Berry Trustee 1.0 0.0 X 0 0 0 John P Calamos Sr Trustee 1.0 0.0 X 0 0 0 Martin Cooper Trustee 1.0 0.0 X 0 0 0 Robert A Cornog Trustee 1.0 0.0 X 0 0 0 James E Cowie Trustee 1.0 0.0 X 0 0 0 David L Crowell Trustee 1.0 0.0 X 0 0 0 A Steven Crown Trustee 1.0 0.0 X 0 0 0 James Dugan Trustee 1.0 0.0 X 0 0 0 Bryan R Dunn Trustee 1.0 0.0 X 0 0 0 David Van Eekeren Trustee 1.0 0.0 X 0 0 0 James R Gagnard Trustee 1.0 0.0 X 0 0 0 Michael P Galvin Trustee 1.0 0.0 X 0 0 0 S Christopher Gladwin Trustee 1.0 0.0 X 0 0 0 Jamshyd N Godrej Trustee 1.0 0.0 X 0 0 0 Alvin L Gorman Trustee 1.0 0.0 X 0 0 0 Michael J Graff Trustee 1.0 0.0 X 0 0 0 Rajinder P Gupta Trustee 1.0 0.0 X 0 0 0 Marc R Hannah Trustee 1.0 0.0 X 0 0 0 Elize L Higginbottom Trustee 1.0 0.0 X 0 0 0 James Hill Jr Trustee 1.0 0.0 X 0 0 0 Martin C Jischke Trustee 1.0 0.0 X 0 0 0 Norbert O Kaiser Trustee 1.0 0.0 X 0 0 0 Jeffrey A Karp Trustee 1.0 0.0 X 0 0 0 Patrick J Kelly Trustee 1.0 0.0 X 0 0 0 James W Kiley Trustee 1.0 0.0 X 0 0 0 Jules F Knapp Trustee 1.0 0.0 X 0 0 0 Kaarina Koskenalusta Trustee 1.0 0.0 X 0 0 0 Joel D Krauss Trustee 1.0 0.0 X 0 0 0 John Krenhbiel Jr Trustee 1.0 0.0 X 0 0 0 Thomas E Lanctot Trustee 1.0 0.0 X 0 0 0 Eric C Larson Trustee 1.0 0.0 X 0 0 0 Bruce C Liimatainen Trustee 1.0 0.0 X 0 0 0 Sherrie B Littlejohn Trustee 1.0 0.0 X 0 0 0 Victor Lo Trustee 1.0 0.0 X 0 0 0 Dirk Lohan Trustee 1.0 0.0 X 0 0 0 Paul D McCoy Trustee 1.0 0.0 X 0 0 0 Paul McKenzie Trustee 1.0 0.0 X 0 0 0 David E Mendelsohn Trustee 1.0 0.0 X 0 0 0 David J Miniat Trustee 1.0 0.0 X 0 0 0 Rosemarie Mitchell Trustee 1.0 0.0 X 0 0 0 Edward L Monser IV Trustee 1.0 0.0 X 0 0 0 Anita M Nagler Trustee 1.0 0.0 X 0 0 0 Walter Nathan Trustee 1.0 0.0 X 0 0 0 Madhavan K Nayar Trustee 1.0 0.0 X 0 0 0 Adrian R Nemcek Trustee 1.0 0.0 X 0 0 0 John G Olin Trustee 1.0 0.0 X 0 0 0 Michael J Pacilio Trustee 1.0 0.0 X 0 0 0 Robert J Potter Trustee 1.0 0.0 X 0 0 0 Mayari Pritzker Trustee 1.0 0.0 X 0 0 0 Ellen Jordan Reidy Trustee 1.0 0.0 X 0 0 0 John W Rowe Trustee 1.0 0.0 X 0 0 0 Carole Browe Segal Trustee 1.0 0.0 X 0 0 0 Bernard F Sergesketter Trustee 1.0 0.0 X 0 0 0 Harold Singleton III Trustee 1.0 0.0 X 0 0 0 Carl S Spetzler Trustee 1.0 0.0 X 0 0 0 Efthimios J Stojka Trustee 1.0 0.0 X 0 0 0 John Tracy Trustee 1.0 0.0 X 0 0 0 Stephen C Urrutia Trustee 1.0 0.0 X 0 0 0 Priscilla Anne Walter Trustee 1.0 0.0 X 0 0 0 Ralph Wanger Trustee 1.0 0.0 X 0 0 0 Robert J Washlow Trustee 1.0 0.0 X 0 0 0 Kevin W Willer Trustee 1.0 0.0 X 0 0 0 John L Anderson President thru 7/31; Distinguished Prof from 8/1 39.0 0.0 X 734822 0 37312 Patricia Laughlin Vice Pres, Finance & Admin 39.0 0.0 X 434129 0 37453 Betsy Hughes Vice Pres, Inst Advancement 39.0 0.0 X 346844 0 44428 Frances Bronet Provost 39.0 0.0 X 323160 0 20414 Robert Brackett Vice President/Professor 39.0 0.0 X 302201 0 30598 Darsh T Wasan Vice Pres & Motorola Professor 39.0 0.0 X 292815 0 37312 Ophir Trigalo Vice Provost, CIO 39.0 0.0 X 266048 0 44428 Edwin B Watts VP Facilities & Public Safety 39.0 0.0 X 260961 0 25278 Anthony D D'Amato Vice Pres, Genr'l Cnsl & Sec 39.0 0.0 X 247326 0 29202 Michael R Gosz Assoc. Prof MMAE/VP Enrollment 39.0 0.0 X 239063 0 41076 David E Baker Vice President, External Aff 39.0 0.0 X 237792 0 21137 Jeanne Hartig VP, Marketing & Communications 39.0 0.0 X 223470 0 26937 Leroy Kennedy VP, Community Affairs & Outrch 39.0 0.0 X 164573 0 27561 Harvey Kahalas Dean/Professor of Mgmt 39.0 0.0 X 434826 0 37312 Wiel Arets Dean, John & Jeanne Rowe Chair 39.0 0.0 X 316099 0 23850 Natacha DePaola Kaplan Dean of Engineering 39.0 0.0 X 369384 0 44221 Harold Krent Dean & Professor of Law 39.0 0.0 X 362545 0 43380 Russell Betts Dean, College of Science 39.0 0.0 X 371465 0 23850 Patrick F Whitney Professor/Dean 39.0 0.0 X 294767 0 34692 Mohammad Shahidehpour Prof/Dir SG Ctr/Asco Dir WISER 39.0 0.0 X 395303 0 44221 Hamid Arastoopour Director, WISER/Professor 39.0 0.0 X 323446 0 37453 Dennis A Roberson Research Prof./Vice Prov Rsrch 39.0 0.0 X 291909 0 44221 Siva Balasubramanian Harold L. Stuart Endowed Chair 39.0 0.0 X 295075 0 22339 Eunice E Santos Chair/Hochsprung Chair 39.0 0.0 X 284538 0 23428 Donna V Robertson John & Jeanne Rowe Professor-KE Former 39.0 0.0 X 203175 0 35171 Ali Cinar Professor/Director ECDRE-KE Former 39.0 0.0 X 257506 0 32203 9052942 0 913905 357 true true true SODEXO INC AND AFFILIATES 4880 PAYSHERE CIRCLE CHICAGO IL 60674 FOOD SERVICE 7041873 PEPPER CONSTRUCTION CO 411 LAKE ZURICH ROAD BARRINGTON IL 60010 CONSTRUCTION 4684909 ABM ONSITE SERVICES MIDWEST INC 75 REMITTANCE DRIVE STE 3011 CHICAGO IL 606753011 JANITORIAL 3103915 APEX3 SECURITY 8750 WEST BRYN MAWR AVE STE 720 CHICAGO IL 60631 PUBLIC SAFETY 2666699 CRB FEDERAL LLC 55 WESTPORT PLAZA SUITE 500 ST LOUIS MO 63146 PROPERTY MANAGEMENT 2397039 103 743133 46352871 23675688 3983072 70771692 Tuition and Fees 900000 249687774 249687774 Sales/Services of Auxiliary Enterprises 900000 14355705 14168746 186959 Student Services 900000 19496214 19496214 Equity Interest on IITRI 900000 1184000 1184000 0 0 0 0 284723693 4141646 0 4141646 1308397 545494 762903 0 762903 762903 38566000 24614753 0 13951247 0 13951247 13951247 44930 743133 399009 -354079 -354079 0 0 0 0 0 373997102 284536734 186959 18501717 104865742 104865742 9314851 2984546 3527228 2803077 219290 219290 123583671 97503753 22035808 4044110 6775874 5262909 1238458 274507 12919540 7591137 4799452 528951 7155537 5569094 1292760 293683 578108 29546 548562 436187 5000 431187 347500 347500 60956 60956 753571 753571 24760785 19411197 3878982 1470606 252892 198365 51977 2550 7073468 5172937 1479880 420651 1847575 903018 903018 41539 39536985 36078375 3458610 3633309 2766661 539855 326793 309721 231967 69056 8698 9901095 9901095 12936250 12936250 769455 769455 0 0 0 0 368032362 288793537 68962704 10276121 8546679 3087102 6365968 6401289 27559580 23035562 10575699 5185772 0 0 9883440 9673720 4537967 4310725 507375526 254438171 251136855 252937355 221253931 209307360 12909502 14789133 15303586 16487586 23153479 21389020 591226686 566604624 31721667 28607975 18120989 13175732 181575000 176500000 14000000 14000000 16444878 15324857 261862534 247608564 X 74620720 57578499 46996457 54630141 207746975 206787420 329364152 318996060 591226686 566604624 X 5964740 -22498746 6165914 X false true X true true true X 69473546 80682566 62223718 63420177 70771692 346571699 0 0 69473546 80682566 62223718 63420177 70771692 346571699 4945205 341626494 2615176 4260951 5169525 5056675 5450043 22552370 0 0 0 0 0 0 0 369124069 1331757105 0.9255 0.9371 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 347500 false false 347500 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY HOLLAND & KNIGHT REPRESENTED THE ILLINOIS INSTITUTE OF TECHNOLOGY BEFORE THE FEDERAL GOVERNMENT ON ISSUES RELATED TO FUNDING VARIOUS RESEARCH PROGRAMS. AT THE STATE LEVEL, IIT WAS REPRESENTED BY ALL CIRCO INC. AND NANCY KIMME FOR SUPPORT IN OBTAINING CAPITAL FUNDS. IN ADDITION, IIT'S VICE PRESIDENT AND ASSOCIATE VICE PRESIDENT FOR EXTERNAL AFFAIRS INTERACT WITH FEDERAL, STATE, AND LOCAL OFFICIALS REGARDING SUCH MATTERS. Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY HOLLAND & KNIGHT REPRESENTED THE ILLINOIS INSTITUTE OF TECHNOLOGY BEFORE THE FEDERAL GOVERNMENT ON ISSUES RELATED TO FUNDING VARIOUS RESEARCH PROGRAMS. AT THE STATE LEVEL, IIT WAS REPRESENTED BY ALL CIRCO INC. AND NANCY KIMME FOR SUPPORT IN OBTAINING CAPITAL FUNDS. IN ADDITION, IIT'S VICE PRESIDENT AND ASSOCIATE VICE PRESIDENT FOR EXTERNAL AFFAIRS INTERACT WITH FEDERAL, STATE, AND LOCAL OFFICIALS REGARDING SUCH MATTERS. 240752501 4929000 -6234000 5407125 7192875 226847501 239982501 1394000 11076000 4891780 6808220 240752501 221908302 5620000 23554000 4676028 3923773 2500000 239982501 198412763 4754000 29442000 4621416 6079045 221908302 209463145 10130000 -8180000 4853838 8146544 198412763 0.23 0.77 0.0 false false 24165463 24165463 385055078 194856712 190198366 86595284 59581459 27013825 11559701 11559701 252937355 Obligation under split interest 474596 Deposits by students & others 2236733 Postretirement benefit obligation 2625117 Asset retirement obligation 2034016 Advances From U.S. Gov't For Student Loans 7954395 15324857 X Schedule D, Part V, Line 4 Intended uses of endowment funds The purpose of the endowment funds is to facilitate donors' desires to make substantial long-term gifts to the community and to develop a new and significant source of revenue for the University. In doing so, the endowment fund will provide a secure, long-term source of funds to: (a) fund special programs; (b) ensure long-term growth; (c) enhance the University's ability to meet changing community needs; and (d) support the administrative expenses of the University as deemed appropriate. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote Income Taxes The University has received a determination letter from the Internal Revenue Service (IRS) stating that they are exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code except for tax on unrelated business income. It is management's belief that none of its activities have produced material unrelated business income, and that the University has operated in a manner that qualifies it for tax-exempt status. U.S. generally accepted accounting principles require University management to evaluate tax positions taken by the University and recognize a tax liability (or asset) if the University has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. Management has analyzed tax positions taken by the University and has concluded that as of May 31, 2016 and 2015, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the consolidated financial statements. The University is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The University management believes it is no longer subject to income tax examinations for years prior to 2013. true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY POLICY PUBLISHED YEARLY IN VARIOUS STUDENT BULLETINS. IT ALSO APPEARS ON APPLICATIONS, AND OTHER FORMS, AND IT IS POSTED ON THE UNIVERSITY'S WEBSITE. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT Department of Education:- Federal Supplemental Education Opportunity Grants Federal Direct Loans Federal Work Study Program Federal Perkins Loan Program Federal Pell Grant Program Illinois Student Assistance Commission:- Illinois Monetary Award Program Grants Grant Program for Descendants of Police, Fire, or Correctional Officers Europe (Including Iceland and Greenland) 0 1 Program Services STUDENT RECRUITING. 199575 South Asia 6 6 Program Services CLASS INSTRUCTION AND RECRUITING. 154500 East Asia and the Pacific 0 2 Program Services CONSULTANT FOR RECRUITING. 416233 South America 0 1 Program Services STUDENT RECRUITING. 35219 6 10 0 0 6 10 805527 0 805527 true false true false false false Schedule F, Part I, Line 3 DESCRIPTION OF ACTIVITY OUTSIDE UNITED STATES EUROPE/SOUTH AMERICA: IIT IS MAINLY ENGAGED IN THE RECRUITMENT OF EUROPEAN AND LATIN AMERICAN STUDENTS TO THE PROGRAMS OF THE UNIVERSITY. SOUTH ASIA: TO FACILITATE IIT'S ABILITY TO DELIVER LONG DISTANCE INTERNET-BASED EDUCATIONAL PROGRAMS TO RESIDENTS OF VARIOUS CITIES IN INDIA. EAST ASIA AND PACIFIC: IIT HAS ENGAGED A CONSULTANT MAINLY FOR THE RECRUITMENT OF STUDENTS FOR THE CHICAGO CAMPUS. X X X X X X X true Ruffalo Noel Levitz LLC PO Box 718 Des Moines IA 505030718 PHONE SOLICITING false 30563 -30563 WASHBURN & MCGOLDRICK LLC 950 NEW LOUDON ROAD Suite 210 LATHAM NY 12110 CONSULT ON RAISING FUNDS false 30393 -30393 0 60956 -60956 CT SC FL MD 125TH ANNIV CELEBRATION 695731 667481 28250 164945 73203 94727 PHONATHON 53907 53907 0 30563 1 38425 21745 16680 1325 27398 6848 788063 743133 44930 166270 100601 132138 399009 -354079 Schedule G, Part I, Line 2b(v) Amounts paid to fundraiser Washburn & McGoldrick LLC was engaged to increase private philanthropic support for IIT's operating budget, endowment and facilities. They do not at any time have custody or control of contributions. IIT exercises control and approval over the content and volume of any solicitation as Washburn & McGoldrick LLC never conducts solicitations on IIT's behalf. Payments for services are based on a monthly retainer and a per diem rate. Expenses are billed separately as expended and at cost, for travel, overnight accommodations, meals, and out-of-pocket expenses. Ruffalo Noel Levitz LLC conducted telephone fundraising campaigns for IIT and provided services to secure pledges and donations to support the educational mission of IIT. Their services related to the concept, design and strategies of the campaign and telephone solicitations to individuals identified on lists supplied by IIT. All funds raised were controlled by IIT. Ruffalo Noel Levitz LLC was paid fees for services provided in conducting the telephone fundraising campaigns. Schedule G, Part I, Line 2b(ii) Describe the custody or control arrangement. RUFFALO NOEL LEVITZ, LLC-RUFFALO NOEL LEVITZ LLC CONDUCTED TELEPHONE FUNDRAISING CAMPAIGNS FOR IIT AND PROVIDED SERVICES TO SECURE PLEDGES AND DONATIONS TO SUPPORT THE EDUCATIONAL MISSION OF IIT. THEIR SERVICES RELATED TO THE CONCEPT, DESIGN AND STRATEGIES OF THE CAMPAIGN AND TELEPHONE SOLICITATIONS TO INDIVIDUALS IDENTIFIED ON LISTS SUPPLIED BY IIT. ALL FUNDS RAISED WERE CONTROLLED BY IIT. RUFFALO NOEL LEVITZ LLC WAS PAID FEES FOR SERVICES PROVIDED IN CONDUCTING THE TELEPHONE FUNDRAISING CAMPAIGNS.;WASHBURN & MCGOLDRICK LLC-WASHBURN & MCGOLDRICK LLC WAS ENGAGED TO INCREASE PRIVATE PHILANTHROPIC SUPPORT FOR IIT'S OPERATING BUDGET, ENDOWMENT AND FACILITIES. THEY DO NOT AT ANY TIME HAVE CUSTODY OR CONTROL OF CONTRIBUTIONS. IIT EXERCISES CONTROL AND APPROVAL OVER THE CONTENT AND VOLUME OF ANY SOLICITATION AS WASHBURN & MCGOLDRICK LLC NEVER CONDUCTS SOLICITATIONS ON IIT'S BEHALF. PAYMENTS FOR SERVICES ARE BASED ON A MONTHLY RETAINER AND A PER DIEM RATE. EXPENSES ARE BILLED SEPARATELY AS EXPENDED AND AT COST, FOR TRAVEL, OVERNIGHT ACCOMMODATIONS, MEALS, AND OUT-OF-POCKET EXPENSES.; Schedule G, Part I, Line 2b(v) payment of fees or payment of expenses RUFFALO NOEL LEVITZ, LLC-PAYMENT OF FEES.;WASHBURN & MCGOLDRICK LLC-PAYMENT OF FEES.; true SCHOLARSHIPS 7333 104865742 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. THE USE OF GRANT FUNDS IS MONITORED THROUGH A GRANT MANAGEMENT SYSTEM. X X X X false false false false false false false false false Alan Cramb Provost thru 7/31; President from 8/1 549886 0 200000 0 29814 0 23850 0 20578 0 824128 0 0 0 John L Anderson President thru 7/31; Distinguished Prof from 8/1 488729 0 211000 0 35093 0 23850 0 13462 0 772134 0 0 0 Patricia Laughlin Vice Pres, Finance & Admin 317105 0 100000 0 17024 0 23850 0 13603 0 471582 0 0 0 Betsy Hughes Vice Pres, Inst Advancement 309377 0 36225 0 1242 0 23850 0 20578 0 391272 0 0 0 Frances Bronet Provost 303658 0 0 0 19502 0 10125 0 10289 0 343574 0 0 0 Robert Brackett Vice President/Professor 298637 0 0 0 3564 0 23850 0 6748 0 332799 0 0 0 Darsh T Wasan Vice Pres & Motorola Professor 290009 0 0 0 2806 0 23850 0 13462 0 330127 0 0 0 Ophir Trigalo Vice Provost, CIO 264806 0 0 0 1242 0 23850 0 20578 0 310476 0 0 0 Edwin B Watts VP Facilities & Public Safety 258639 0 0 0 2322 0 23656 0 1622 0 286239 0 0 0 Anthony D D'Amato Vice Pres, Genr'l Cnsl & Sec 246791 0 0 0 535 0 22595 0 6607 0 276528 0 0 0 Michael R Gosz Assoc. Prof MMAE/VP Enrollment 237866 0 0 0 1197 0 22120 0 18956 0 280139 0 0 0 David E Baker Vice President, External Aff 233779 0 0 0 4013 0 21137 0 0 0 258929 0 0 0 Jeanne Hartig VP, Marketing & Communications 220305 0 0 0 3165 0 20189 0 6748 0 250407 0 0 0 Leroy Kennedy VP, Community Affairs & Outrch 161990 0 0 0 2583 0 15144 0 12417 0 192134 0 0 0 Harvey Kahalas Dean/Professor of Mgmt 355932 0 54126 0 24768 0 23850 0 13462 0 472138 0 0 0 Wiel Arets Dean, John & Jeanne Rowe Chair 307535 0 5000 0 3564 0 23850 0 0 0 339949 0 0 0 Natacha DePaola Kaplan Dean of Engineering 350142 0 0 0 19242 0 23850 0 20371 0 413605 0 0 0 Harold Krent Dean & Professor of Law 343723 0 0 0 18822 0 23850 0 19530 0 405925 0 0 0 Russell Betts Dean, College of Science 347526 0 0 0 23939 0 23850 0 0 0 395315 0 0 0 Patrick F Whitney Professor/Dean 223774 0 51000 0 19993 0 22054 0 12638 0 329459 0 0 0 Mohammad Shahidehpour Prof/Dir SG Ctr/Asco Dir WISER 391739 0 0 0 3564 0 23850 0 20371 0 439524 0 0 0 Hamid Arastoopour Director, WISER/Professor 301838 0 2444 0 19164 0 23850 0 13603 0 360899 0 0 0 Dennis A Roberson Research Prof./Vice Prov Rsrch 287320 0 0 0 4589 0 23850 0 20371 0 336130 0 0 0 Siva Balasubramanian Harold L. Stuart Endowed Chair 275196 0 0 0 19879 0 22339 0 0 0 317414 0 0 0 Eunice E Santos Chair/Hochsprung Chair 284108 0 0 0 430 0 17893 0 5535 0 307966 0 0 0 Donna V Robertson John & Jeanne Rowe Professor-KE Former 200622 0 0 0 2553 0 16741 0 18430 0 238346 0 0 0 Ali Cinar Professor/Director ECDRE-KE Former 236465 0 0 0 21041 0 19565 0 12638 0 289709 0 0 0 Schedule J, Part I, Line 1a Health or social club dues or initiation fees The University provided membership dues for Alan Cramb, Provost thru 7/31; President from 8/1 and Frances Bronet, Provost to one business and one civic organization. These memberships served a business purpose that helped to support the mission of the University and were not treated as taxable compensation to the individual. A ILLINOIS FINANCE AUTHORITY 861091967 45200FYX1 2009-07-22 29381972 RENOVATION OF FACILITIES false false false B ILLINOIS FINANCE AUTHORITY 861091967 45200BYH5 2006-03-23 156502991 REFINANCE & FACILITY RENOVATION false false false A 2860000 0 29381972 2709106 0 0 587637 0 0 24039772 2045456 0 2011 false false true true B 10640000 0 156502991 0 0 103705558 1418858 0 0 51378575 0 0 2008 true true true true A false false false false 0.0 0.0 0.0 false true B false false false false 0.0 0.0 0.0 false true A false false false true false false false false true B false false false true false false false false true A true B true Schedule K, Part IV, Line 2c COLUMN A Issuer name: ILLINOIS FINANCE AUTHORITY The calculation for computing no rebate due was performed on 02/19/2014 Schedule K, Part IV, Line 2c COLUMN B Issuer name: ILLINOIS FINANCE AUTHORITY The calculation for computing no rebate due was performed on 03/23/2011 SIERRA INSTRUMENTS INC CHAIRMAN OF ENTITY IS JOHN G. OLIN, TRUSTEE 141905 SOLD AUTOMOTIVE TESTING EQUIPMENT TO IIT THAT WAS USED FOR RESEARCH PURPOSES. false M ELLEN MITCHELL SPOUSE OF A CURRENT TRUSTEE 219290 EMPLOYMENT false GODREJ & BOYCE MFTG CO LTD ENTITY MORE THAN 35% OWNED BY JAMSHYD N. GODREJ, TRUSTEE 1440000 IIT PROVIDED EDUCATIONAL SERVICES TO EMPLOYEES OF GODREJ & BOYCE MFTG. CO. LTD false Schedule L, Part IV BUSINESS TRANSACTIONS WITH INTERESTED PERSONS BUSINESS TRANSACTIONS WITH INTERESTED PERSONS SCHEDULE L, PART IV THE TRANSACTIONS LISTED IN SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS, WERE CONSISTENT WITH THE CONFLICT OF INTEREST POLICY DESCRIBED IN SCHEDULE O. ILLINOIS INSTITUTE OF TECHNOLOGY REQUIRES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY FOR ALL BUSINESS TRANSACTIONS WITH INTERESTED PERSONS. IN FY 2016, IN ADDITION TO BEING A TRUSTEE ON THE UNIVERSITY'S BOARD OF TRUSTEES, MR. OLIN WAS THE CHAIRMAN OF SIERRA INSTRUMENTS, INC., WHICH WAS AWARDED A CONTRACT IN MAY 2014 FOR THE PURCHASE OF CERTAIN AUTOMOTIVE TESTING EQUIPMENT. SIERRA INSTRUMENTS, INC. SOLD SUCH EQUIPMENT TO THE UNIVERSITY DURING FY 2016 THAT WAS USED BY THE FACULTY FOR RESEARCH PURPOSES. IN FY 2016, BRYAN R. DUNN, TRUSTEE OF THE UNIVERSITY, WAS MARRIED TO M. ELLEN MITCHELL, WHO WAS A PROFESSOR IN THE DEPARTMENT OF PSYCHOLOGY OF THE LEWIS COLLEGE. IN FY 2016, IN ADDITION TO BEING A TRUSTEE ON THE UNIVERSITY'S BOARD OF TRUSTEES, MR. GODREJ HAD AN OWNERSHIP INTEREST IN GODREJ & BOYCE MANUFACTURING CO. LTD., WHICH AWARDED A MULTI-YEAR CONTRACT TO THE UNIVERSITY TO CONDUCT VARIOUS TRAINING PROGRAMS AND WORKSHOPS FOR ITS EMPLOYEES. X 55 3983072 NONE 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - : EACH SEPARATE GIFT HAS BEEN TREATED AS A CONTRIBUTION FOR THIS PURPOSE. Form 990, Part III, Line 4d Description of other program services (Expenses $ 19,140,550 including grants of $)(Revenue $ 14,355,705) AUXILIARY SERVICES:- This provides for campus housing and dining for the students and includes residence halls and a dining room, apartment-style buildings, five fraternity houses, and two sorority houses. Form 990, Part III, Line 4d Description of other program services (Expenses $ 16,812,195 including grants of $)(Revenue $ 8,838,906) ACADEMIC SUPPORT:- IIT provides students with the information skills to compete in today's challenging and rapidly changing environment through its several libraries and academic computing centers allowing students access to terminals. In addition, the Provost's office offers several programs that provide advising and counseling. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons ANDREW V. AGOSTINI, ELZIE HIGGINBOTTOM - Business relationship, A. STEVEN CROWN, CRAIG J. DUCHOSSOIS - Business relationship, BRYAN R. DUNN, M. ELLEN MITCHELL - Family relationship, JAMES R. GAGNARD, EFTHIMIOS J. STOJKA - Business relationship, PATRICK J. KELLY, JOHN P. CALAMOS, SR., CRAIG J. DUCHOSSOIS, JAMES W. KILEY - Business relationship, VICTOR A. MORGENSTERN, EDWARD L. KAPLAN, ANITA M. NAGLER, WALTER NATHAN - Business relationship, THOMAS E. LANCTOT, KEVIN WILLER - Business relationship, JOHN W. ROWE, JAMES R. GAGNARD, EFTHIMIOS S. STOJKA - Business relationship, DAVID J. VITALE, JOHN KREHBIEL - Business relationship Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS REVIEWED BY THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION, AND VICE PRESIDENT AND GENERAL COUNSEL. ONCE THE FORM 990 IS APPROVED BY MANAGEMENT, THE FORM IS PRESENTED TO THE AUDIT AND COMPLIANCE COMMITTEE AND THE EXECUTIVE COMMITTEE (ACTING FOR THE FULL BOARD OF TRUSTEES) FOR REVIEW. ONCE REVIEWED BY THE AUDIT AND COMPLIANCE COMMITTEE AND THE EXECUTIVE COMMITTEE, THE VICE PRESIDENT OF FINANCE AND ADMINISTRATION SIGNS THE FORM 990. Form 990, Part VI, Line 12c Conflict of interest policy ON AN ANNUAL BASIS, IIT EMPLOYEES AND BOARD OF TRUSTEE MEMBERS MUST REVIEW THE CONFLICT OF INTEREST POLICY. ALL EMPLOYEES AND TRUSTEES ARE REQUIRED TO SIGN AND DATE A CONFLICT OF INTEREST ATTESTATION DOCUMENT WHETHER A CONFLICT IS PRESENT OR NOT. GENERAL COUNSEL MONITORS THE EMPLOYEES AND TRUSTEES THAT HAVE REVIEWED THE POLICY AND DOCUMENT THE CONFLICT OF INTEREST INSTANCES. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE BOARD OF TRUSTEES (BOT) HAS ESTABLISHED A COMPENSATION COMMITTEE THAT IS RESPONSIBLE FOR RECOMMENDING THE PRESIDENT'S (CEO) SALARY. THE COMMITTEE WILL BASE THE SALARY ON A HUMAN RESOURCE BENCHMARK STUDY COMPARING SELECTED UNIVERSITIES HAVING SIMILAR STUDENT ENROLLMENTS AND PROGRAMS. ON AN ANNUAL BASIS, HUMAN RESOURCES WILL PROVIDE THE COMMITTEE AN UPDATED BENCHMARK SURVEY FOR THEIR REVIEW. BASED ON THE ANNUAL SURVEY, THE COMMITTEE MAY RECOMMEND AN ADJUSTMENT TO THE PRESIDENT'S SALARY. AFTER THE EXECUTIVE COMMITTEE REVIEWS THE COMPENSATION COMMITTEE RECOMMENDATIONS, IT VOTES TO APPROVE THE COMPENSATION. Form 990, Part VI, Line 15b Process to establish compensation of other employees The authority to recommend the annual salaries of the Vice Presidents, and other senior officers is delegated to the Compensation Committee by the Board of Trustees. The Committee obtains comparative analyses and studies from the Human Resource department with respect to compensation of similar organizations to ensure that the University's compensation is comparable. After the Executive Committee reviews the compensation committee recommendations, it votes to approve the compensation. Form 990, Part VI, Line 19 Required documents available to the public FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE LOCATED ON THE ILLINOIS INSTITUTE OF TECHNOLOGY'S WEBSITE. Form 990, Part XI, Line 9 Other changes in net assets or fund balances REVERSE SCHOLARSHIPS REFLECTED IN GROSS TUITION - -97588541; REVERSE GRANTS AND SCHOLARSHIPS PAID - XXX-XX-XXXX; CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS - -1672055; CHANGE IN ASSET RETIREMENT OBLIGATION, NET - 560768; Form 990, Part XII, Line 2b CONSOLIDATED AUDIT REPORT THE ORGANIZATION'S FINANCIAL STATEMENTS WERE AUDITED ON A CONSOLIDATED BASIS AND NO SEPARATE COMPANY AUDIT REPORT IS AVAILABLE. 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