2016-03-04T17:00:17-06:00 2015-05-31 350921680 CROWE HORWATH LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2014-06-01 362170136 Illinois Institute of Technology ILLI 3125673677 3424 SOUTH STATE STREET CHICAGO IL 60616 PATRICIA LAUGHLIN VP, FINANCE & ADMINISTRATION 2016-03-02 true NICOLE BENCIK P00756195 3128997000 2014 2016-08-17 19:52:53Z Alan W Cramb 3424 SOUTH STATE STREET CHICAGO IL 60616 394431522 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. 73 70 4437 98 133236 -36051 62223718 63420177 268163912 282151370 15664457 20662248 113441 624730 346165528 366858525 93446846 96550761 0 0 146505758 152877134 92284 106721 9677401 106983735 110141564 347028623 359676180 -863095 7182345 581596197 591226686 260006805 261862534 321589392 329364152 TO PROVIDE DISTINCTIVE AND RELEVANT EDUCATION IN AN ENVIRONMENT OF SCIENTIFIC, TECHNOLOGICAL, AND PROFESSIONAL KNOWLEDGE CREATION AND INNOVATION. false false 188597571 96550761 199937689 INSTRUCTION SUPPORT:- Instruction supports 36 academic majors, more than 60 minors, and a variety of specializations and is made up of nearly 8,000 students, including 2,923 undergraduate, 3,312 graduate, 747 law students, and 626 Ph.D. candidates. The University offered and awarded 587 bachelor, 1,583 master, 278 J.D., and 86 Ph.D. degrees during the 2014 academic year. The University's signature Interprofessional Projects (IPRO) Program is a core part of the curriculum that enables students from various academic majors to work together to find solutions to real-world problems facing real world companies. 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. Recently, IPRO project teams collaborated on low-cost shelter solutions, developed an assistance device to help visually impaired people swim, devised a mobile operating room for disaster relief in third-world countries and developed best practices in C02-reducing technologies. In addition, the University's Idea Shop serves as a showcase, workplace and learning space inspiring interaction across professional programs. It unites people to provide an incubator for novel ideas and solutions to important problems. 37816928 41110908 RESEARCH:- Research awards received in fiscal year 2015 were $36.2 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 23 awards totaling $4.4 million and the Computer Science Department received 24 awards for $2.5 million. Also, the Biological, Chemical and Physical Sciences Department received 2 awards for $1.1 million, Civil, Architectural and Environmental Engineering Department received 9 awards for $1.2 million, the CAHM Department received 2 awards for $1.5 million, Chemical and Biological Engineering 12 awards totaling $2.0 million, Mechanical Aerospace and Material Engineering 28 awards totaling $2.2 million, Physics Department 29 awards totaling $2.6 million and the Institute of Psychology 10 awards for $1.9 million. In addition, the National Center for Food Safety and Technology received 19 awards totaling $7.1 million. 17418211 4350384 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. 20453172 21470108 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. 18665565 15282281 AUXILIARY SERVICES:- This provides for campus housing and dining for the students and includes residence halls and a dining room, apartment-style buildings, six fraternity houses, and three sorority houses. 39118737 36752389 282951447 true true false true 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 6569 0 true 4437 true true true true FR IN false false false true true false false false false X 73 70 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 John Anderson President 38.75 X X 885352 0 35904 Craig J Duchossois Trustee 1.00 X X 0 0 0 Edward L Kaplan Trustee 1.00 X X 0 0 0 Victor A Morgenstern Trustee 1.00 X X 0 0 0 David J Vitale Trustee 1.00 X X 0 0 0 Alan W Wendorf Trustee 1.00 X X 0 0 0 Andrew V Agostini Trustee 1.00 X 0 0 0 Michael S Ali Trustee 1.00 X 0 0 0 William C Bartholomay Trustee 1.00 X 0 0 0 Andrea L Berry Trustee 1.00 X 0 0 0 John P Calamos Sr Trustee 1.00 X 0 0 0 Martin Cooper Trustee 1.00 X 0 0 0 Robert A Cornog Trustee 1.00 X 0 0 0 James E Cowie Trustee 1.00 X 0 0 0 David L Crowell Trustee 1.00 X 0 0 0 A Steven Crown Trustee 1.00 X 0 0 0 Bryan R Dunn Trustee 1.00 X 0 0 0 William Farrow Trustee 1.00 X 0 0 0 James R Gagnard Trustee 1.00 X 0 0 0 Michael P Galvin Trustee 1.00 X 0 0 0 S Christopher Gladwin Trustee 1.00 X 0 0 0 Jamshyd N Godrej Trustee 1.00 X 0 0 0 Alvin L Gorman Trustee 1.00 X 0 0 0 Michael J Graf Trustee 1.00 X 0 0 0 Robert L Growney Trustee 1.00 X 0 0 0 Raj P Gupta Trustee 1.00 X 0 0 0 Marc R Hannah PhD Trustee 1.00 X 0 0 0 Elzie L Higginbottom Trustee 1.00 X 0 0 0 James Hill Jr Trustee 1.00 X 0 0 0 Richard M Jaffee Trustee 1.00 X 0 0 0 Martin C Jischke PhD Trustee 1.00 X 0 0 0 Norbert O Kaiser Trustee 1.00 X 0 0 0 Jeffery A Karp Trustee 1.00 X 0 0 0 Patrick J Kelly Trustee 1.00 X 0 0 0 James W Kiley Trustee 1.00 X 0 0 0 Jules F Knapp Trustee 1.00 X 0 0 0 Kaarina Koskenalusta Trustee 1.00 X 0 0 0 Joel D Krauss Trustee 1.00 X 0 0 0 John H Krehbiel Jr Trustee 1.00 X 0 0 0 Thomas E Lanctot Trustee 1.00 X 0 0 0 Eric C Larson Trustee 1.00 X 0 0 0 Bruce C Liimatainen Trustee 1.00 X 0 0 0 Sherrie B Littlejohn Trustee 1.00 X 0 0 0 Victor Lo Trustee 1.00 X 0 0 0 Dirk Lohan FAIA Trustee 1.00 X 0 0 0 Paul D McCoy Trustee 1.00 X 0 0 0 Paul F McKenzie PhD Trustee 1.00 X 0 0 0 David E Mendelsohn Trustee 1.00 X 0 0 0 David J Miniat Trustee 1.00 X 0 0 0 Rosemarie Mitchell Trustee 1.00 X 0 0 0 Edward L Monser Trustee 1.00 X 0 0 0 Anita M Nagler Trustee 1.00 X 0 0 0 Walter Nathan Trustee 1.00 X 0 0 0 Madhavan Nayar Trustee 1.00 X 0 0 0 Adrian R Nemcek Trustee 1.00 X 0 0 0 John G Olin Trustee 1.00 X 0 0 0 Michael J Pacilio Trustee 1.00 X 0 0 0 Robert J Potter PhD Trustee 1.00 X 0 0 0 Michael A Pullick Trustee 1.00 X 0 0 0 Ellen Jordan Reidy Trustee 1.00 X 0 0 0 John W Rowe Trustee 1.00 X 0 0 0 Carole Browe Segal Trustee 1.00 X 0 0 0 Bernard F Sergesketter Trustee 1.00 X 0 0 0 Harold Singleton III Trustee 1.00 X 0 0 0 Carl S Spetzler PhD Trustee 1.00 X 0 0 0 Efthimos J Stojka Trustee 1.00 X 0 0 0 John Tracy PhD Trustee 1.00 X 0 0 0 Stephen C Urrutia Trustee 1.00 X 0 0 0 David A VanEekeren Trustee 1.00 X 0 0 0 William A VaSanten Jr Trustee 1.00 X 0 0 0 Priscilla Anne Walter Trustee 1.00 X 0 0 0 Ralph Wanger Trustee 1.00 X 0 0 0 Robert J Washlow Trustee 1.00 X 0 0 0 Alan Cramb Provost 38.75 X 592071 0 42330 Betsy Hughes Vice Pres, Inst Advancement 38.75 X 338293 0 42330 Patricia Laughlin Vice Pres, Finance & Admin 38.75 X 321447 0 35904 Robert Brackett Vice President/Professor 38.75 X 292963 0 29669 Darsh Wasan Vice Pres & Motorola Professor 38.75 X 283681 0 35904 Ophir Trigalo Chief Information Officer 38.75 X 260233 0 42330 Bruce Watts VP Facilities & Public Safety 38.75 X 251803 0 24121 Anthony D'Amato Vice Pres, Genr'l Cnsl & Sec 38.75 X 233194 0 27461 David Baker Vice President, External Aff 38.75 X 232601 0 20678 Jeanne Hartig VP, Marketing & Communications 38.75 X 215461 0 25953 Leroy Kennedy VP, Community Affairs & Outrch 38.75 X 159581 0 26713 Harvey Kahalas Dean/Professor of Mgmt 38.75 X 456125 0 35904 Russell Betts Dean, College of Science 38.75 X 387626 0 23400 Natacha DePaola Kaplan Dean of Engineering 38.75 X 366783 0 42330 Harold Krent Dean & Professor of Law 38.75 X 355652 0 41526 Wiel Arets Dean, John & Jeanne Rowe Chair 38.75 X 304305 0 0 Mohammad Shahidehpour Prof/Dir SG Ctr/Asco Dir WISER 38.75 X 325304 0 42330 Hamid Arastoopour Director, WISER/Professor 38.75 X 306076 0 35937 Vincent Turitto Pritzker Prof/Dir Pritzker Ins 38.75 X 275145 0 35439 Lori Andrews Dist Professor of Law 38.75 X 260444 0 30698 Ashfaq Khokhar Dept. Chair/Prof Electrical Comp Eng 38.75 X 252603 0 37577 Donna Robertson John & Jeanne Rowe Professor -KE Former 38.75 X 199014 0 33965 Patrick Whitney Professor/Dean - KE Former 38.75 X 251179 0 33318 7806934 0 781720 317 true true true SODEXO INC AND AFFILIATES 4880 PAYSHERE CIRCLE CHICAGO IL 60674 FOOD SERVICE 6006196 PEPPER CONSTRUCTION CO 411 LAKE ZURICH ROAD BARRINGTON IL 60010 CONSTRUCTION 4126652 CRB FEDERAL LLC 55 WESTPORT PLAZA SUITE 500 ST LOUIS MO 63146 PROPERTY MANAGEMENT 2682636 ABM JANITORIAL MIDWEST INC 75 REMITTANCE DRIVE STE 3011 CHICAGO IL 606753011 JANITORIAL 2640678 APEX3 SECURITY 8750 WEST BRYN MAWR AVE STE 1000 CHICAGO IL 60631 PUBLIC SAFETY 2236973 113 707989 45898244 16813944 4069172 63420177 Tuition and Fees 900000 244892981 244892981 Sales/Services of Auxilliary Enterprises 900000 15282281 15155325 126956 Student Services 900000 21470108 21470108 Equity Interest on IITRI 900000 506000 506000 0 0 0 0 282151370 3686409 6280 3680129 1370266 627250 743016 0 743016 743016 43791000 26815095 66 16975905 -66 16975839 16975839 12300 707989 130586 -118286 -118286 0 0 0 0 0 366858525 282024414 133236 21280698 96550761 96550761 7536997 2638237 2704909 2193851 228928 228928 119592471 93501825 22003025 4087621 6575580 5114831 1184006 276743 11906668 9448414 1784632 673622 7036490 5488730 1250456 297304 683454 30717 652737 470195 9837 460358 322500 322500 106721 106721 22885 22885 29006570 22692541 5104312 1209717 184353 137071 40807 6475 8280060 6203792 1601061 475207 2272499 860050 1364652 47797 40239719 36866178 3373541 3863369 2933574 635280 294515 335051 245961 81262 7828 10191293 10191293 12976057 12976057 787401 787401 Year-end close outs 165350 165350 Annuity write-offs 340808 340808 0 0 0 0 359676180 282951447 67047332 9677401 10165842 8546679 15961289 6365968 25158935 27559580 3589383 10575699 10079532 9883440 4892265 4537967 492792224 241655369 243788267 251136855 218864607 221253931 11292186 12909502 14797586 15303586 23006305 23153479 581596197 591226686 29906882 31721667 13113481 18120989 185570000 181575000 14000000 14000000 17416442 16444878 260006805 261862534 X 66405343 74620720 47999200 46996457 207184849 207746975 321589392 329364152 581596197 591226686 X 7182345 -9445054 2925559 7111910 X false true X true true true X 80499423 68978846 80431339 62005032 62712188 354626828 80499423 68978846 80431339 62005032 62712188 354626828 4629880 349996948 1776865 2615176 4260951 5169525 5056675 18879192 0 0 0 0 0 0 373506020 1264870702 0.9371 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 322500 false false 322500 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 AL 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 AND STATE 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. 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 180039329 16875000 25097000 7863412 4684772 209463145 0.23 0.77 0.0 false false 24165463 24165463 377460145 183177507 194282638 84588137 58477862 26110275 6578479 6578479 251136855 Obligation under split interest 586622 Deposits by students & others 1780488 Postretirement benefit obligation 3487704 Asset retirement obligation 2472777 Advances from U.S. gov't for student loans 8117287 16444878 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, 2015 and 2014, 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 2008. 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) 1 1 Program Services CLASS INSTRUCTION AND RECRUITING. 236000 South Asia 1 1 Program Services CLASS INSTRUCTION AND RECRUITING. 175799 East Asia and the Pacific 2 Program Services CONSULTANT FOR RECRUITING. 336864 2 4 0 0 2 4 748663 0 748663 true false true false false false Schedule F, Part I, Line 3 DESCRIPTION OF ACTIVITY OUTSIDE UNITED STATES EUROPE: IIT IS MAINLY ENGAGED IN THE RECRUITMENT OF EUROPEAN STUDENTS TO THE PROGRAMS OF THE UNIVERSITY AND TO WELCOME VISITING STUDENTS FROM 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 RuffaloCODY LLC PO Box 718 Des Moines IA 50503 PHONE SOLICITING false 34676 22032 12644 WASHBURN & MCGOLDRICK INC 950 NEW LOUDON ROAD SUITE 210 LATHAM NY 12110 CONSULT ON RAISING FUNDS false 44689 -44689 PJH & Associates Inc 205 West Wacker Drive Suite 1400 Chicago IL 60606 Consult on 125th Anniv false 660813 40000 620813 695489 106721 588768 CT SC FL MD 125th Anniv Celebration 660813 660813 0 42915 Phonathon 34676 34676 0 22032 1 24800 12500 12300 6126 49275 2250 7988 720289 707989 12300 6126 49275 2250 72935 130586 -118286 Schedule G, Part I, Line 2b(v) Amounts paid to fundraiser Washburn & McGoldrick 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 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. RuffaloCODY 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. RuffaloCODY was paid fees for services provided in conducting the telephone fundraising campaigns. true SCHOLARSHIPS 6712 96550761 Schedule I, Part I, Line 2 Description Of Procedure For Monitoring Use Of Grant Funds THE USE OF GRANT FUNDS IS MONITORED THROUGH A GRANT MANAGEMENT SYSTEM. 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 false false false false false false false false false John Anderson President 640994 0 205000 0 39358 0 23400 0 12504 0 921256 0 0 0 Alan Cramb Provost 476007 0 80000 0 36064 0 23400 0 18930 0 634401 0 0 0 Betsy Hughes Vice Pres, Inst Advancement 302051 0 35000 0 1242 0 23400 0 18930 0 380623 0 0 0 Patricia Laughlin Vice Pres, Finance & Admin 300385 0 0 0 21062 0 23400 0 12504 0 357351 0 0 0 Robert Brackett Vice President/Professor 289399 0 0 0 3564 0 23400 0 6269 0 322632 0 0 0 Darsh Wasan Vice Pres & Motorola Professor 281003 0 0 0 2678 0 23400 0 12504 0 319585 0 0 0 Ophir Trigalo Chief Information Officer 258991 0 0 0 1242 0 23400 0 18930 0 302562 0 0 0 Bruce Watts VP Facilities & Public Safety 249492 0 0 0 2311 0 22744 0 1377 0 275924 0 0 0 Anthony D'Amato Vice Pres, Genr'l Cnsl & Sec 232682 0 0 0 512 0 21396 0 6065 0 260656 0 0 0 David Baker Vice President, External Aff 228707 0 0 0 3893 0 20678 0 0 0 253279 0 0 0 Jeanne Hartig VP, Marketing & Communications 212386 0 0 0 3075 0 19684 0 6269 0 241414 0 0 0 Leroy Kennedy VP, Community Affairs & Outrch 157096 0 0 0 2485 0 14209 0 12504 0 186294 0 0 0 Donna Robertson John & Jeanne Rowe Professor -KE Former 176389 0 20128 0 2497 0 16413 0 17552 0 232980 0 0 0 Patrick Whitney Professor/Dean - KE Former 219265 0 12000 0 19914 0 21616 0 11702 0 284497 0 0 0 Harvey Kahalas Dean/Professor of Mgmt 391318 0 40000 0 24807 0 23400 0 12504 0 492029 0 0 0 Russell Betts Dean, College of Science 314290 0 50000 0 23336 0 23400 0 0 0 411026 0 0 0 Natacha DePaola Kaplan Dean of Engineering 348041 0 0 0 18742 0 23400 0 18930 0 409112 0 0 0 Harold Krent Dean & Professor of Law 336830 0 0 0 18822 0 23400 0 18126 0 397177 0 0 0 Wiel Arets Dean, John & Jeanne Rowe Chair 301983 0 0 0 2322 0 0 0 0 0 304305 0 0 0 Mohammad Shahidehpour Prof/Dir SG Ctr/Asco Dir WISER 322982 0 0 0 2322 0 23400 0 18930 0 367634 0 0 0 Hamid Arastoopour Director, WISER/Professor 286912 0 0 0 19164 0 23400 0 12537 0 342013 0 0 0 Vincent Turitto Pritzker Prof/Dir Pritzker Ins 250683 0 0 0 24463 0 22935 0 12504 0 310585 0 0 0 Lori Andrews Dist Professor of Law 242412 0 14500 0 3532 0 22409 0 8289 0 291142 0 0 0 Ashfaq Khokhar Dept. Chair/Prof Electrical Comp Eng 251425 0 0 0 1178 0 21424 0 16153 0 290180 0 0 0 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 0 0 29381972 2709106 0 0 587637 0 0 24039772 2045456 0 2011 false false true true B 0 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 0.0 false false true A true B true Schedule K, Part IV, Line 2c Rebate Calculation Issuer name: ILLINOIS FINANCE AUTHORITY The calculation for computing no rebate due was performed on 02/19/2014 Schedule K, Part IV, Line 2c Rebate Calculation Issuer name: ILLINOIS FINANCE AUTHORITY The calculation for computing no rebate due was performed on 03/23/2011 DIRK LOHAN TRUSTEE HAS OWNERSHIP INTEREST 185054 ARCHITECTURAL AND DESIGN SERVICES false M ELLEN MITCHELL SPOUSE OF A CURRENT TRUSTEE 228928 EMPLOYMENT 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 2015, IN ADDITION TO BEING A TRUSTEE OF THE UNIVERSITY'S BOARD OF TRUSTEES, MR. LOHAN HAD AN OWNERSHIP INTEREST IN THE ARCHITECTURAL FIRM LOHAN ANDERSON, WHICH HAS BEEN AWARDED A CONTRACT, PURSUANT TO AN RFP, TO DESIGN THE RENOVATION OF THE UNIVERSITY'S ENGINEERING-1 BUILDING. SAID CONTRACT WAS ORIGINALLY AWARDED IN APRIL 2013, AND IT REMAINED IN FORCE IN FY 2015. IN FY 2015, 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. X 75 4069172 Market value 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. CoreFormPartIII_PartIIILine4d Description of other program services (Expenses $ 20,453,172 including grants of $)(Revenue $ 21,470,108) 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. CoreFormPartIII_PartIIILine4d Description of other program services (Expenses $ 18,665,565 including grants of $)(Revenue $ 15,282,281) AUXILIARY SERVICES:- This provides for campus housing and dining for the students and includes residence halls and a dining room, apartment-style buildings, six fraternity houses, and three sorority houses. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons JAMES E. COWIE, A. STEVEN CROWN, CRAIG J. DUCHOSSOIS - Business relationship, CRAIG J. DUCHOSSOIS, S. CHRISTOPHER GLADWIN, ROBERT L. GROWNEY, RAJ P. GUPTA, PATRICK J. KELLY - Business relationship, BRYAN R. DUNN, M. ELLEN MITCHELL - Family relationship, JAMES R. GAGNARD, EFTHIMIOS J. STOJKA - Business relationship, JEFFERY A. KARP, ALVIN L. GORMAN - Business relationship, PATRICK J. KELLY, A. STEVEN CROWN, CRAIG J. DUCHOSSOIS, ROBERT L. GROWNEY, JAMES W. KILEY, THOMAS E. LANCTOT - Business relationship, VICTOR LO, JAMSHYD N. GODREJ - Business relationship, VICTOR A. MORGENSTERN, ANITA M. NAGLER, WALTER NATHAN - Business relationship, KEVIN WILLER, A. STEVEN CROWN, CRAIG J. DUCHOSSOIS - 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, AVP FINANCE & CONTROLLER, AND VICE PRESIDENT AND GENERAL COUNSEL. ONCE THE FORM 990 IS APPROVED BY MANAGEMENT, THE FORM IS SENT TO THE AUDIT AND COMPLIANCE COMMITTEE AND THE EXECUTIVE COMMITTEE (ACTING FOR THE FULL BOARD OF TRUSTEES) FOR REVIEW, FOLLOWED BY A CONFERENCE CALL FOR QUESTIONS AND ANSWERS. 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 - -90339038; Reverse grants and scholarships paid - 96550761; Change in asset retirement obligation, net - 900187; CONSOLIDATED AUDIT REPORT THE ORGANIZATION'S FINANCIAL STATEMENTS WERE AUDITED ON A CONSOLIDATED BASIS AND NO SEPARATE COMPANY AUDIT REPORT IS AVAILABLE. IIT RESEARCH INSTITUTE 10 WEST 35TH STREET CHICAGO IL 60616 362169122 RESEARCH IL 501(c)(3 Type I ILLINOIS INSTITUTE OF TECHNOLOGY true PERPETUAL TRUST (10) BENEFICIAL INTEREST IN DONOR TRUSTS DISTRIBUTION OF TRUST ASSETS TO BENEFICIARIES N/A Trust ILLINOIS INSTITUTE OF TECHNOLOGY (INDIA) PRIVATE LTD FACILITATES EDUCATIONAL PROGRAMS IN ILLINOIS INSTITUTE OF TECHNOLOGY C Corporation 530801 225637 1 true ILLINOIS INSTITUTE OF TECHNOLOGY-FRANCE (DISSOLVED DEC 2014) RECRUITING STUDENTS FR ILLINOIS INSTITUTE OF TECHNOLOGY C Corporation 0 0 1 true true false false false false false false false false false false true false true false true true false false IIT Research Institute A 411012 FMV IIT Research Institute L 1036448 FMV IIT Research Institute Q 1308653 FMV IIT France P 128833 FMV IIT India P 175799 FMV