2015-04-03T15:00:03-05:00 2014-05-31 CROWE HORWATH LLP 225 WEST WACKER DRIVE SUITE 2600 CHICAGO IL 606061224 990 2013-06-01 362170136 ILLINOIS INSTITUTE OF TECHNOLOGY ILLI 3125673677 3424 SOUTH STATE STREET CHICAGO IL 60616 PATRICIA LAUGHLIN VP, FINANCE & ADMINISTRATION 2015-04-15 true NICOLE BENCIK P00756195 3128997000 2013 2016-02-25 16:41:14Z JOHN L ANDERSON SUITE 1900 10 W 35TH STREET CHICAGO IL 60616 391066730 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. 67 63 4412 101 238859 -149685 80682566 62223718 257085470 268163912 11166693 15664457 1810111 113441 350744840 346165528 87805909 93446846 0 0 143048590 146505758 121096 92284 9442737 110005084 106983735 340980679 347028623 9764161 -863095 564176524 581596197 260097092 260006805 304079432 321589392 TO PROVIDE DISTINCTIVE AND RELEVANT EDUCATION IN AN ENVIRONMENT OF SCIENTIFIC, TECHNOLOGICAL, AND PROFESSIONAL KNOWLEDGE CREATION AND INNOVATION. false false 194901602 93446846 184883301 INSTRUCTION SUPPORT:- INSTRUCTION SUPPORTS 34 ACADEMIC MAJORS, MORE THAN 50 MINORS, AND A VARIETY OF SPECIALIZATIONS AND IS MADE UP OF NEARLY 8,000 STUDENTS, INCLUDING 3,046 UNDERGRADUATE, 3,226 GRADUATE, 804 LAW STUDENTS, AND 620 PH.D. CANDIDATES. THE UNIVERSITY OFFERED AND AWARDED 562 BACHELOR, 1,508 MASTER, 293 J.D., AND 78 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 DESIGNED A REFUELABLE ELECTRIC CAR, BUILT A COMMUNITY FARM, OPTIMIZED REVOLUTIONARY PROSTHETIC DESIGNS FOR AMPUTEES, AND DEVELOPED A STORAGE AND TRACKING SYSTEM FOR EQUIPMENT USED BY VOLUNTEERS. 25797272 0 38550213 RESEARCH:- RESEARCH AWARDS RECEIVED IN FISCAL YEAR 2014 WERE $37.3 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 16 AWARDS TOTALING $2.1 MILLION AND THE COMPUTER SCIENCE DEPARTMENT RECEIVED 21 AWARDS FOR $2.5 MILLION. ALSO, THE BIOLOGICAL CHEMICAL AND PHYSICAL SCIENCES DEPARTMENT RECEIVED 9 AWARDS FOR $1.3 MILLION, CHEMICAL AND BIOLOGICAL ENGINEERING 14 AWARDS TOTALING $5.8 MILLION, MECHANICAL AEROSPACE AND MATERIAL ENGINEERING 50 AWARDS TOTALING $3.7 MILLION, PHYSICS DEPARTMENT 33 AWARDS TOTALING $4.7 MILLION AND THE INSTITUTE OF PSYCHOLOGY 9 AWARDS FOR $3.4 MILLION. IN ADDITION, THE NATIONAL CENTER FOR FOOD SAFETY AND TECHNOLOGY RECEIVED 17 AWARDS TOTALING $6.3 MILLION. 21380309 0 8445641 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. 19766454 0 23040916 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. 10744911 0 13243842 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. 30511365 0 36284758 272590548 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 6826 0 true 4412 true true true true FR IN false false false true true false false false false X 67 63 true false false false false false false true true false false true true true true true true true true false FL MD SC X BRIAN LAFFEY 3125673677 3424 SOUTH STATE STREET TC-4TH FL CHICAGO IL 60616 ALAN W WENDORF TRUSTEE 1.00 0.00 X X 0 0 0 CRAIG J 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false 240000 false Schedule C, Part II-B, Line 1, Description of the activities reported on Lines 1a through 1i HOLLAND & KNIGHT REPRESENTED THE ILLINOIS INSTITUTE OF TECHNOLOGY BEFORE THE FEDERAL GOVERNMENT ON ISSUES RELATED TO FUNDING VARIOUS RESEARCH PROGRAMS WHILE ALL CIRCO INC PROVIDED STATE REPRESENTATION TO SUPPORT THE UNIVERSITY'S CAPITAL PROJECTS. IN ADDITION, IIT'S VICE PRESIDENT AND ASSISTANT VICE PRESIDENT FOR EXTERNAL AFFAIRS INTERACT WITH FEDERAL AND STATE OFFICIALS REGARDING SUCH MATTERS. 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 174911000 8014000 26465000 10471823 18878848 180039329 0.23000 0.77000 false false 24165463 24165463 361564692 171989363 189575329 0 82434047 56883641 25550406 4497069 4497069 243788267 0 ADVANCES FROM U.S. GOVERNMENT FOR STUDENT LOANS 8117287 OBLIGATION UNDER SPLIT INTEREST 864276 DEPOSITS BY STUDENTS & OTHERS 2234108 POSTRETIREMENT BENEFIT OBLIGATION 2978727 ASSET RETIREMENT OBLIGATION 3222044 17416442 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, 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 6a, Financial aid or assistance from a governmental agency 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. 226750 SOUTH ASIA 1 1 PROGRAM SERVICES CLASS INSTRUCTION AND RECRUITING. 161204 EAST ASIA AND THE PACIFIC 2 PROGRAM SERVICES CONSULTANT FOR RECRUITING. 305409 2 4 693363 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 FRENCH AND 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. Schedule F, Part I, Line 3, Method to account for expenditures on org.'s financial statements EAST ASIA AND THE PACIFIC: ACCRUAL EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL SOUTH ASIA: ACCRUAL Schedule F, Part I, Line 3, Method to account for expenditures on org.'s financial statements EAST ASIA AND THE PACIFIC: ACCRUAL EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL SOUTH ASIA: ACCRUAL X X X X X X X true WASHBURN & MCGOLDRICK INC 950 NEW LOUDON ROAD SUITE 210 LATHAM NY 12110 CONSULT ON RAISING FUNDS false 67590 -67590 ARIA COMMUNICATIONS CORPORATION 717 WEST ST GERMAIN STREET ST CLOUD MN 56301 PHONE SOLICITING false 30033 24694 5339 30033 92284 -62251 CT FL MD SC LAW ALUMNI DINNER 165370 121710 43660 12831 89418 2850 48328 MIES BENEFIT DINNER 70478 62148 8330 42239 42629 2 45455 34828 10627 57764 66210 67806 281303 218686 62617 0 0 70595 197867 2850 158763 430075 -367458 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. ARIA COMMUNICATIONS CORPORATION CONDUCTED A TELEPHONE FUNDRAISING CAMPAIGN FOR IIT WHEREBY ARIA AGREED TO PROVIDE CONSULTATION RELATED TO THE CONCEPT, DESIGN AND STRATEGIES OF THE CAMPAIGN, TELEPHONE SOLICITATIONS TO INDIVIDUALS IDENTIFIED ON LISTS SUPPLIED BY IIT, AND DIRECT MAILINGS TO CERTAIN INDIVIDUALS. ARIA CHARGES FEES FOR SERVICES PROVIDED IN CONDUCTING THE TELEPHONE FUNDRAISING CAMPAIGNS. true SCHOLARSHIPS 6542 93446846 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 JOHN ANDERSON PRESIDENT 622413 0 172800 0 39358 0 22950 0 11917 0 869438 0 0 0 ALAN CRAMB PROVOST 457997 0 0 0 34822 0 22950 0 18049 0 533818 0 0 0 HARVEY KAHALAS DEAN/PROFESSOR OF MGMT 407046 0 0 0 24257 0 22950 0 11917 0 466170 0 0 0 NATACHA DEPAOLA DEAN, ARMOUR COLLEGE OF ENGRNG 337527 0 50000 0 18742 0 22950 0 18049 0 447268 0 0 0 WIEL ARETS DEAN, JOHN & JEANNE ROWE CHAIR 361653 0 16700 0 2322 0 0 0 0 0 380675 0 0 0 HAROLD KRENT DEAN & PROFESSOR OF LAW 320178 0 0 0 18822 0 22950 0 17245 0 379195 0 0 0 BETSY HUGHES VICE PRES, INST ADVANCEMENT 292495 0 33418 0 1242 0 22950 0 18049 0 368154 0 0 0 RUSSELL BETTS DEAN, COLLEGE OF SCIENCE 282904 0 22500 0 27819 0 22950 0 0 0 356173 0 0 0 MOHAMMAD SHAHIDEHPOUR PROF/DIR SG CTR/ASCO DIR WISER 312733 0 0 0 2322 0 22950 0 18049 0 356054 0 0 0 PATRICIA LAUGHLIN VICE PRES, FINANCE & ADMIN 291788 0 0 0 19564 0 22950 0 11917 0 346219 0 0 0 HAMID ARASTOOPOUR DIRECTOR, WISER/PROFESSOR 278008 0 0 0 7899 0 19638 0 18049 0 323594 0 0 0 ROBERT BRACKETT VICE PRESIDENT/PROFESSOR 282644 0 0 0 3564 0 22950 0 5975 0 315133 0 0 0 DARSH WASAN VICE PRES & MOTOROLA PROFESSOR 272640 0 0 0 4462 0 22950 0 11917 0 311969 0 0 0 VINCENT TURITTO PRITZKER PROF/DIR PRITZKER INS 244499 0 0 0 21645 0 22265 0 11115 0 299524 0 0 0 RICHARD KLING CLINICAL PROFESSOR 176809 0 85910 0 2322 0 13979 0 5975 0 284995 0 0 0 OPHIR TRIGALO CHIEF INFORMATION OFFICER 250346 0 0 0 1242 0 22950 0 18049 0 292587 0 0 0 LORI ANDREWS DIST PROFESSOR OF LAW 235097 0 14500 0 3443 0 21809 0 11115 0 285964 0 0 0 BRUCE WATTS VP FACILITIES & PUBLIC SAFETY 240174 0 0 0 2264 0 7701 0 1377 0 251516 0 0 0 ANTHONY D'AMATO VICE PRES, GENR'L CNSL & SEC 220250 0 0 0 481 0 20242 0 5772 0 246745 0 0 0 DAVID BAKER VICE PRESIDENT, EXTERNAL AFF 222653 0 0 0 3745 0 20131 0 0 0 246529 0 0 0 JEANNE HARTIG VP, MARKETING & COMMUNICATIONS 208796 0 0 0 2991 0 14128 0 5975 0 231890 0 0 0 LEROY KENNEDY VP, COMMUNITY AFFAIRS & OUTRCH 152583 0 0 0 4082 0 12545 0 11917 0 181127 0 0 0 DONNA ROBERTSON JOHN & JEANNE ROWE PROFESSOR 235845 0 0 0 3118 0 19927 0 16672 0 275562 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 RENOVAITON 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 0.00000 0.00000 0.00000 false false true B false false false false 0.00000 0.00000 0.00000 false false true A false false false true false false false false true B false false false true false false 0.0 false 0.0 false true A true B true Sch K, Part IV, Line 2c, ISSUER NAME: ILLINOIS FINANCE AUTHORITY: No Rebate Due. THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON FEBRUARY 19, 2014. Sch K, Part IV, Line 2c, ISSUER NAME: ILLINOIS FINANCE AUTHORITY: No Rebate Due. THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON MARCH 23, 2011. LOHAN ANDERSON TRUSTEE HAS OWNERSHIP INTEREST 704201 ARCHITECTURAL AND DESIGN SERVICES false BURLING BUILDERS TRUSTEE HAS OWNERSHIP INTEREST 103095 CONSTRUCTION RELATED SERVICES false M ELLEN MITCHELL INTERIM DEAN OF THE LEWIS COLLEGE IS A FAMILY MEMBER TO A CURRENT TRUSTEE 222258 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 2014, 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 2014. IN FY 2014, IN ADDITION TO BEING A TRUSTEE OF THE UNIVERSITY, MR. HIGGINBOTTOM HAD AN OWNERSHIP INTEREST IN THE CONSTRUCTION FIRM BURLING BUILDERS, INC., WHICH WAS AWARDED A CONTRACT, PURSUANT TO AN RFP, TO CONSTRUCT AN ADA-COMPLIANT ENTRANCE RAMP AT THE HERMANN UNION BUILDING. IN FY 2014, BRYAN R. DUNN, TRUSTEE OF THE UNIVERSITY, WAS MARRIED TO M. ELLEN MITCHELL, WHO SERVED AS THE INTERIM DEAN OF THE LEWIS COLLEGE. X 59 7391315 MARKET VALUE X FURNITURE 1 333295 SELLING COST X ELECTRICAL EQUIPMENT 1 400000 SELLING COST 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. OTHER: NUMBER OF CONTRIBUTIONS. OTHER: NUMBER OF CONTRIBUTIONS Schedule M, part I, column (b), Line 9, Number of contributions or items contributed. EACH SEPARATE GIFT HAS BEEN TREATED AS A CONTRIBUTION FOR THIS PURPOSE. Schedule M, part I, column (b), Line other, Number of contributions or items contributed. OTHER=FURNITURE : NUMBER OF CONTRIBUTIONS. Schedule M, part I, column (b), Line other, Number of contributions or items contributed. OTHER=ELECTRICAL EQUIPMENT : NUMBER OF CONTRIBUTIONS Form 990, Part VI, Sec A, Line 2, Family/business relationships amongst interested persons JAMES E. COWIE, A. STEVEN CROWN, CRAIG J. DUCHOSSOIS, PATRICK J. KELLY - BUSINESS RELATIONSHIP, CRAIG J. DUCHOSSOIS, JAMES E COWIE, S. CHRISTOPHER GLADWIN, ROBERT L. GROWNEY, THOMAS E. LANCTOT, CAROLE BROWN SEAGAL - BUSINESS RELATIONSHIP, BRYAN R. DUNN, M. ELLEN MITCHELL - FAMILY RELATIONSHIP, JAMES R. GAGNARD, EFTHIMIOS J. STOJKA - BUSINESS RELATIONSHIP, RAJ P. GUPTA, CRAIG J. DUCHOSSOIS, JOHN P. CALAMOS, SR. - BUSINESS RELATIONSHIP, JEFFERY A. KARP, ALVIN L. GORMAN - BUSINESS RELATIONSHIP, PATRICK J. KELLY, JAMES E. COWIE, A. STEVEN CROWN, CRAIG J. DUCHOSSOIS, ELZIE L. HIGGINBOTTOM, JAMES W. KILEY - BUSINESS RELATIONSHIP, CAROLE BROWNE SEGAL, JAMIE E. COWIE - BUSINESS RELATIONSHIP Form 990, Part VI, Sec B, 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, Sec B, 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, Sec B, 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, Sec B, 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, Sec C, 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 FOR SCHOLARSHIPS REFLECTED IN GROSS TUITION - -85969934; REVERSE FOR GRANTS AND SCHOLARSHIPS PAID - 93446846; CHANGE IN ASSET RETIREMENT OBLIGATION, NET - 646064; , CONSOLIDATED AUDIT REPORT THE ORGANIZATION'S FINANCIAL STATEMENTS WERE AUDITED ON A CONSOLIDATED BASIS AND NO SEPARATE COMPANY AUDIT REPORT IS AVAILABLE. Schedule M, part I, column (b), Line other, Number of contributions or items contributed. OTHER=FURNITURE : NUMBER OF CONTRIBUTIONS. Schedule M, part I, column (b), Line other, Number of contributions or items contributed. OTHER=ELECTRICAL EQUIPMENT : NUMBER OF CONTRIBUTIONS IIT RESEARCH INSTITUTE 10 WEST 35TH STREET CHICAGO IL 60616 362169122 RESEARCH IL 501(C)(3) 11 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 2 MSR INDUSTRIAL ESTATS MATHIKERE BANGALORE IN 560054 FACILITATES EDUCATIONAL PROGRAMS IN ILLINOIS INSTITUTE OF TECHNOLOGY C CORPORATION 684934 218592 1 true ILLINOIS INSTITUTE OF TECHNOLOGY-FRANCE (TERMINATED DEC 2014) 77 RUE LAFAYETTE PARIS FR 75009 RECRUITING STUDENTS FR ILLINOIS INSTITUTE OF TECHNOLOGY C CORPORATION 0 3456 1 true true false false false false false false false false true false true false true false true true false false IIT RESEARCH INSTITUTE A 478753 FMV IIT RESEARCH INSTITUTE J 164962 FMV IIT RESEARCH INSTITUTE L 690966 FMV IIT RESEARCH INSTITUTE Q 1473914 FMV IIT FRANCE P 226750 FMV IIT INDIA P 161204 FMV