2016-05-13T11:26:40-05:00 2015-06-30 352123203 KSM BUSINESS SERVICES INC PO BOX 40857 INDIANAPOLIS IN 462400857 990 2014-07-01 237073977 IVY TECH FOUNDATION INC IVYT 3179214749 50 W FALL CREEK PKWY NORTH DRIVE INDIANAPOLIS IN 462085752 JOHN MURPHY PRESIDENT 3179214749 2016-05-13 1 SCOTT A SCHUSTER P00019243 3175802000 2016-05-13 2014 2016-08-17 19:52:53Z KEVIN HONIGFORD 50 W FALL CREEK PKWY NORTH DRIVE INDIANAPOLIS IN 462085752 45448163 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 0 600 0 0 24666855 19675207 0 0 2544477 2791960 638042 618189 27849374 23085356 3337428 6189779 0 0 0 0 149123 141426 281654 15554369 11622170 19040920 17953375 8808454 5131981 137155396 145811230 32947456 37829071 104207940 107982159 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 3405518 3405518 SOLICITING, RECEIVING, ADMINISTERING AND DISTRIBUTING DONATIONS FOR FINANCIAL AID FOR STUDENTS ATTENDING IVY TECH COMMUNITY COLLEGE. 6014852 2769261 18741 HELPING IVY TECH COMMUNITY COLLEGE OF INDIANA WITH ITS NEEDS FOR LAND, FACILITIES, AND EQUIPMENT. 2588773 PROVIDING SUPPORT FOR SPECIAL, INNOVATIVE PROGRAMS OF IVY TECH COMMUNITY COLLEGE OF INDIANA. 4571240 15000 833842 HELPING FUND OTHER PROGRAM EXPENDITURES FOR IVY TECH COMMUNITY COLLEGE OF INDIANA, INCLUDING FACULTY AND STAFF DEVELOPMENT, EMPLOYEE RECOGNITION, AND COMMUNITY OUTREACH EXPENDITURES 4571240 15000 833842 16580383 1 1 0 0 0 0 0 1 1 1 1 1 0 1 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 1 0 0 1 1 0 0 0 1 25 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 59 57 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 IN X X KEVIN HONIGFORD 3179214749 50 WEST FALL CREEK PARKWAY NORTH INDIANAPOLIS IN 462085752 DAVID FINDLAY CHAIRPERSON 2.00 X X 0 0 0 THOMAS J SNYDER BOARD MEMBER 2.00 38.00 X 0 307570 192647 JOHN M MURPHY PRESIDENT 24.00 16.00 X X 0 241742 48396 MICHAEL M HARMLESS SECRETARY 2.00 X X 0 0 0 PATRICK R RALSTON TREASURER 2.00 X X 0 0 0 KEVIN AHAUS VICE CHAIRMAN 2.00 X X 0 0 0 TERRY ANKER BOARD MEMBER 2.00 X 0 0 0 JAMES F AULT BOARD MEMBER 2.00 X 0 0 0 THOMAS AUSTERMAN BOARD MEMBER 2.00 X 0 0 0 PHILLIP BANE BOARD MEMBER 2.00 X 0 0 0 TERRY BOWEN BOARD MEMBER 2.00 X 0 0 0 JESSE BRAND BOARD MEMBER 2.00 X 0 0 0 CATHRYN H BRODERICK BOARD MEMBER 2.00 X 0 0 0 JOHN R BROOKS BOARD MEMBER 2.00 X 0 0 0 DONALD E BROWN II BOARD MEMBER 2.00 X 0 0 0 W QUINN BUCKNER BOARD MEMBER 2.00 X 0 0 0 LORENE M BURKHART BOARD MEMBER 2.00 X 0 0 0 GEORGE A BUSKIRK JR BOARD MEMBER 2.00 X 0 0 0 STEPHEN M CHAMPLIN BOARD MEMBER 2.00 X 0 0 0 LEX CURRY 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 LARRY GARATONI BOARD MEMBER 2.00 X 0 0 0 CHARLES J GARCIA BOARD MEMBER 2.00 X 0 0 0 PATRICK J GLOTZBACH BOARD MEMBER 2.00 X 0 0 0 WILLIAM R GOINS 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 GUTZWILLER BOARD MEMBER 2.00 X 0 0 0 MARK F HAGERMAN BOARD MEMBER 2.00 X 0 0 0 BRYANT R HANSON BOARD MEMBER 2.00 X 0 0 0 GREGORY HARBISON BOARD MEMBER 2.00 X 0 0 0 JAMES HELMS BOARD MEMBER 2.00 X 0 0 0 CATHERINE POPP HOFFMAN BOARD MEMBER 2.00 X 0 0 0 ALBERT G HUNTINGTON BOARD MEMBER 2.00 X 0 0 0 J MICHAEL JARVIS BOARD MEMBER 2.00 X 0 0 0 MICHAEL LUNFORD BOARD MEMBER 2.00 X 0 0 0 MARK T MAASSEL BOARD MEMBER 2.00 X 0 0 0 LEE J MARCHANT BOARD MEMBER 2.00 X 0 0 0 JAMES C MARCUCCILLI BOARD MEMBER 2.00 X 0 0 0 JAMES A MERTEN BOARD MEMBER 2.00 X 0 0 0 ANTHONY J MORAVEC BOARD MEMBER 2.00 X 0 0 0 DAVID MURRAY BOARD MEMBER 2.00 X 0 0 0 JAMES ORBIK BOARD MEMBER 2.00 X 0 0 0 IZABELA OZDEMIR BOARD MEMBER 2.00 X 0 0 0 PAUL PERKINS 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 GREG RANGER BOARD MEMBER 2.00 X 0 0 0 GERALD A RICHARDSON BOARD MEMBER 2.00 X 0 0 0 WILLIAM F RITZMANN BOARD MEMBER 2.00 X 0 0 0 PHILIP B ROBY BOARD MEMBER 2.00 X 0 0 0 STEVEN R SCHRECKENGAST BOARD MEMBER 2.00 X 0 0 0 AH SCHUMAKER II BOARD MEMBER 2.00 X 0 0 0 STEPHEN R STEIN MD BOARD MEMBER 2.00 X 0 0 0 GREGG A THARP BOARD MEMBER 2.00 X 0 0 0 THOMAS TRAURING BOARD MEMBER 2.00 X 0 0 0 RICHARD L VONDERHAAR BOARD MEMBER 2.00 X 0 0 0 DARELL E ZINK JR BOARD MEMBER 2.00 X 0 0 0 SANDRA HOWARTH ASSISTANT SECRETARY 24.00 16.00 X 0 19167 3438 KEVIN HONIGFORD ASSISTANT TREASURER 24.00 16.00 X 0 141844 21539 CHRISTOPHER RUHL ASSISTANT TREASURER 2.00 38.00 X 0 232810 65415 JEFFREY A TERP SR. VP, ENGAGEMENT AND INS 2.00 38.00 X 0 257102 93187 0 1200235 424622 0 0 1 0 0 833924 18841283 3153394 19675207 1310706 1310706 70753 70753 3268328 3159528 108800 108800 100741 8059 18980358 1145000 17572966 1071138 1407392 73862 1481254 1481254 163969 833924 559175 -395206 -395206 VENDING INCOME 900099 821893 821893 OTHER 900099 11949 11949 833842 23085356 934583 0 2475566 X 2784261 2784261 3405518 3405518 50732 50732 141426 141426 157196 157196 15506 15506 33218 1528 12961 18729 146021 146021 19166 15228 3578 360 789 789 57019 48948 2079 5992 1088610 1088330 280 74515 74515 SPECIAL PROGRAMS 2588773 2588773 BUILDING IMPROVEMENTS 1908526 1908526 INSTRUCTION SUPPLIES AN 1405712 1405712 OUTREACH PROGRAM EXPENS 1374230 1374230 2702157 1884025 718491 99641 17953375 16580383 1091338 281654 3338 3338 6796693 12348658 13541774 12457446 964603 525508 52025131 9305401 44734401 42719730 33463534 39426468 11830050 7867893 25821003 30462189 137155396 145811230 1955827 2670223 4959108 5000738 810865 20683188 20878526 4199303 2769574 339165 6510010 32947456 37829071 X 10861019 10976381 67011514 66046987 26335407 30958791 104207940 107982159 137155396 145811230 5131981 -1357762 0 X X 0 1 X 1 0 X 33248339 12863608 13062205 24666855 19675207 103516214 33248339 12863608 13062205 24666855 19675207 103516214 27983399 75532815 3111963 3171676 5093089 4966080 4649787 20992595 124508809 5205677 0.60660 0.59660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 82970 X X USE IN ART EDUCATION 0 0 1 X 29318062 4694790 545012 1143560 156103 33258201 26075792 826173 3608105 1017829 174179 29318062 23211845 1621229 2330489 1087771 26075792 22273850 1921312 51679 1034996 23211845 19385710 760975 3127216 1000051 22273850 0.91700 0.08300 1 0 13436505 13436505 38044560 8894234 29150326 544066 411167 132899 42719730 CERTIFICATES OF DEPOSIT 3008403 F HEDGE FUNDS 3441123 F STRUCTURED PRODUCTS 277704 F BENEFICIAL INTEREST IN TRUSTS 1140663 F 7867893 LOAN RECEIVABLE 23510509 INVESTMENT IN CEI 4155 NOTE RECEIVABLE FROM RELATED PARTY 6551330 INTERCOMPANY RECEIVABLE 396195 30462189 ANNUITIES PAYABLE 394705 INTEREST RATE SWAP LIABILITY 261079 CAPITALIZED LEASE OBLIGATIONS 5854226 6510010 X 27867848 -1357762 3191521 3146276 4980035 22887813 157196 40347 197543 23085356 25808113 3191521 4860760 8052281 17755832 157196 40347 197543 17953375 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 IV, LINE 2B: THE FOUNDATION SERVES AS THE FISCAL AGENT FOR CASH AND PLEDGES RECEIVED FOR INTERSECTION CONNECTION, A JOINT VENTURE BETWEEN THE IVY TECH FOUNDATION AND TWO OTHER UNRELATED NOT-FOR-PROFIT ORGANIZATIONS. THE EXPENDITURE OF THE FUNDS IS SUBJECT TO THE APPROVAL OF THE COORDINATING COMMITTEE ESTABLISHED UNDER THE AGREEMENT, WHICH INCLUDES REPRESENTATIVES FROM ALL THREE PARTIES. 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 5% OF THE ENDOWMENT'S ASSET VALUE. PART X, LINE 2: IVY TECH FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). CEP IS A SINGLE MEMBER, MEMBER MANAGED LIMITED LIABILITY COMPANY THAT IS TREATED AS A DISREGARDED ENTITY FOR FEDERAL AND STATE INCOME TAX PURPOSES, AND THUS IS ALSO EXEMPT TOGETHER WITH IVY TECH FOUNDATION FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE IRC. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS FOR THESE ENTITIES. IN ADDITION, IVY TECH FOUNDATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE IRC. THERE WAS NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2015 AND 2014. THE FOUNDATION FILES U.S. FEDERAL AND STATE OF INDIANA TAX AND INFORMATIONAL 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, 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 3,159,528. INCOME OF SUBSIDIARIES 43. LOSS ON INTEREST RATE SWAP -13,295. PART XI, LINE 4B - OTHER ADJUSTMENTS: UNCOLLECTIBLE PLEDGES 40,347. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 3,159,528. EXPENSES OF SUBSIDIARIES 1,714,527. LOSS FROM INTEREST RATE SWAP -13,295. PART XII, LINE 4B - OTHER ADJUSTMENTS: UNCOLLECTIBLE PLEDGES 40,347. X X X X X X X 1 TEMON CONSULTING 8582 BROWER LAKE RD NE ROCKFORD MI 49341 CAPITAL CAMPAIGN CONSULTING 0 2603352 60000 2543352 ARMISTEAD GROUP INC 907 LITERARY CIRCLE LEXINGTON KY 40513 CAPITAL CAMPAIGN CONSULTING 0 0 27970 -27970 JOHNSON GROSSNICKLE & ASSOCIATES 29 S PARK BLVD GREENWOOD IN 46143 CAPITAL CAMPAIGN CONSULTING 0 0 53456 -53456 2603352 141426 2461926 IN CULINARY ARTS DINNER 180464 154549 25915 132611 THIS IS I.T. 132762 121602 11160 47615 28 684667 557773 126894 378949 997893 833924 163969 559175 559175 -395206 1 IVY TECH COMMUNITY COLLEGE OF INDIANA 50 W FALL CREEK PARKWAY N DRIVE INDIANAPOLIS IN 46208 351180631 STATE OF INDIANA 2784261 APPRAISAL LAND AND BUILDINGS TO FURTHER THE EDUCATIONAL MISSION OF IVY TECH COMMUNITY COLLEGE OF INDIANA. 1 1 SCHOLARSHIPS 3929 3405518 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 THOMAS J SNYDER BOARD MEMBER 0 295780 0 0 0 11790 0 0 0 192647 0 500217 0 0 JOHN M MURPHY PRESIDENT 0 234062 0 0 0 7680 0 0 0 48396 0 290138 0 0 KEVIN HONIGFORD ASSISTANT TREASURER 0 139276 0 0 0 2568 0 0 0 21539 0 163383 0 0 CHRISTOPHER RUHL ASSISTANT TREASURER 0 229750 0 0 0 3060 0 12000 0 53415 0 298225 0 0 JEFFREY A TERP SR. VP, ENGAGEMENT AND INS 0 249395 0 0 0 7707 0 42338 0 50849 0 350289 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 2010-04-30 2270118 PURCHASE REAL ESTATE USED BY IVY TECH 0 0 0 B RIVER VALLEY FINANCIAL BANK 350281620 2011-12-09 1377520 PURCHASE REAL ESTATE USED BY IVY TECH 0 0 0 C OLD NATIONAL BANK 351729164 2012-06-19 1833253 PURCHASE REAL ESTATE USED BY IVY TECH 0 0 0 D OLD NATIONAL BANK 351729164 2012-08-30 4261096 PURCHASE REAL ESTATE USED BY IVY TECH 0 0 0 A 2270118 2270118 2010 0 1 1 1 B 1377520 42480 1377520 2011 0 1 1 1 C 1833253 37605 1833253 2011 0 1 1 1 D 4261096 38904 4261096 2012 0 1 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 C 0 0 0 0 1 1 OLD NATIONAL BANK 24.000000000000 0 0 0 0 0 D 0 0 0 0 1 1 OLD NATIONAL BANK 3.000000000000 0 0 0 0 0 A 0 B 0 C 0 D 0 X 18 18156 APPRAISALS/FMV X 36558 FMV X 19 170300 FMV X 2 78700 FMV X 13 171928 STOCK EXCHANGE PRICE X 1 1100000 FMV X 1 576851 APPRAISAL FMV X 34 36140 FMV X 22 229476 FMV X TOOLS/MACHINERY 22 332856 FAIR MARKET VALUE X AUTO PAINT EQUIP/SUPPLIES 9 233506 FAIR MARKET VALUE X ELECTRONICS 9 104855 FAIR MARKET VALUE X GIFT CARDS, MISC. ITEMS 415 53554 FAIR MARKET VALUE X FARM SUPPLIES 7 10514 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 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 CENTRAL 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 IN-KIND EXPENSES: PROGRAM SERVICE EXPENSES 1,337,065. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,337,065. ADMINISTRATION EXPENSE PAID TO COLLEGE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 650,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 650,000. FACULTY AND STAFF DEVELOPMENT: PROGRAM SERVICE EXPENSES 237,526. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 237,526. AWARDS AND RECOGNITION: PROGRAM SERVICE EXPENSES 134,324. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 134,324. ALUMNI ASSOCIATION: PROGRAM SERVICE EXPENSES 107,455. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 107,455. OTHER EXPENSES: PROGRAM SERVICE EXPENSES 5,446. MANAGEMENT AND GENERAL EXPENSES 67,869. FUNDRAISING EXPENSES 1,296. TOTAL EXPENSES 74,611. CONTRACTUAL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 53,926. TOTAL EXPENSES 53,926. OTHER PROGRAMMATIC EXPENSES: PROGRAM SERVICE EXPENSES 50,738. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 50,738. BAD DEBT EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 40,347. TOTAL EXPENSES 40,347. ANNUITY OBLIGATION: PROGRAM SERVICE EXPENSES 9,462. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,462. PRINTING: PROGRAM SERVICE EXPENSES 2,009. MANAGEMENT AND GENERAL EXPENSES 622. FUNDRAISING EXPENSES 4,072. TOTAL EXPENSES 6,703. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED THIS PROCESS IN THE PAST YEAR. COMMUNITY ENTERPRISES PROPERTIES LLC 50 W FALL CREEK PARKWAY N DRIVE INDIANAPOLIS IN 46208 271333852 REAL ESTATE HOLDING IN 2622668 34246935 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 COL 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 C 9 9376 1.00000 0 0 1 0 1 0 0 1 0 0 1 1 0 0 1 1 0 0 1 0 IVY TECH COMMUNITY COLLEGE OF INDIANA - SCHOLARSHIPS B 3405518 CASH IVY TECH COMMUNITY COLLEGE OF INDIANA - LANDBLDG GRANT B 2784261 APPRAISAL IVY TECH COMMUNITY COLLEGE OF INDIANA O 650000 FMV IVY TECH COMMUNITY COLLEGE OF INDIANA - RENT J 2286086 FMV IVY TECH COMMUNITY COLLEGE OF INDIANA R 2588773 FMV IVY TECH COMMUNITY COLLEGE OF INDIANA G 245000 FMV IVY TECH PROPERTIES INC D 32051325 FMV IVY TECH PROPERTIES INC D 505376 FMV IVY TECH PROPERTIES INC (RENTAL INCOME) K 572104 FMV IVY TECH COMMUNITY COLLEGE OF INDIANA- CAPITAL LEASE D 6290279 FMV IVY TECH COMMUNITY COLLEGE OF INDIANA D 261051 FMV COMMUNITY ENTERPRISES INC D 5221 FMV