2014-05-14T12:46:33-05:00 2013-06-30 352123203 KSM BUSINESS SERVICES INC PO BOX 40857 INDIANAPOLIS IN 462400857 990 2012-07-01 237073977 IVY TECH FOUNDATION INC IVYT 3179214749 50 WEST FALL CREEK PARKWAY NORTH DRIVE INDIANAPOLIS IN 462085752 JOHN M MURPHY 3179214749 2014-05-12 1 SCOTT A SCHUSTER P00019243 3175802000 2014-05-12 2012 2015-11-30 17:44:51Z KEVIN HONIGFORD 50 WEST FALL CREEK PARKWAY NORTH DRIVE INDIANAPOLIS IN 462085752 38135789 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. 56 54 0 600 0 0 12863608 13062205 0 0 2312846 2248652 900045 1089873 16076499 16400730 3329602 3034755 0 0 0 0 0 0 302340 8705347 10109056 12034949 13143811 4041550 3256919 113385105 121672966 24399576 28280573 88985529 93392393 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 2875149 2875149 SOLICITING, RECEIVING, ADMINISTERING AND DISTRIBUTING DONATIONS FOR FINANCIAL AID FOR STUDENTS ATTENDING IVY TECH COMMUNITY COLLEGE. 5432385 159606 340166 HELPING IVY TECH COMMUNITY COLLEGE OF INDIANA WITH ITS NEEDS FOR LAND, FACILITIES, AND EQUIPMENT. 1429308 0 PROVIDING SUPPORT FOR SPECIAL, INNOVATIVE PROGRAMS OF IVY TECH COMMUNITY COLLEGE OF INDIANA. 2476216 0 571565 HELPING FUND OTHER PROGRAM EXPENDITURES FOR IVY TECH COMMUNITY COLLEGE OF INDIANA, INCLUDING FACULTY AND STAFF DEVELOPMENT, EMPLOYEE RECOGNITION, AND COMMUNITY OUTREACH EXPENDITURES 2476216 571565 12213058 1 1 0 0 0 0 0 1 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1 0 0 0 1 28 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 56 54 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 PHILIP B ROBY 2.00 X X 0 0 0 THOMAS J SNYDER 40.00 X X 0 308112 202061 JOHN M MURPHY 40.00 X X 0 0 0 MICHAEL M HARMLESS 2.00 X X 0 0 0 PATRICK R RALSTON 2.00 X X 0 0 0 TERRY BOWEN 2.00 X 0 0 0 JESSE R BRAND 2.00 X 0 0 0 CATHERYN H BRODERICK 2.00 X 0 0 0 RONALD K FAUQUHER 2.00 X 0 0 0 JOHN R BROOKS 2.00 X 0 0 0 DONALD E BROWN II 2.00 X 0 0 0 MAJOR GENERAL GEORGE A BUSKIRK JR 2.00 X 0 0 0 LORENE BURKHART 2.00 X 0 0 0 STEPHEN M CHAMPLIN 2.00 X 0 0 0 HOLLY HILTON D'AMOUR 2.00 X 0 0 0 WILLIAM S DOTY 2.00 X 0 0 0 GERALD D ERB 2.00 X 0 0 0 CONNIE FERGUSON 2.00 X 0 0 0 DAVID FINDLAY 2.00 X 0 0 0 CHARLES J GARCIA 2.00 X 0 0 0 WILLIAM GOINS 2.00 X 0 0 0 DAVID R GOODMAN JR 2.00 X 0 0 0 WILLIAM GUTZWILLER 2.00 X 0 0 0 MARK HAGERMAN 2.00 X 0 0 0 BRYANT R HANSON 2.00 X 0 0 0 CATHERINE POPP HOFFMAN 2.00 X 0 0 0 J MICHAEL JARVIS 2.00 X 0 0 0 MARK MAASSEL 2.00 X 0 0 0 LEE MARCHANT 2.00 X 0 0 0 JAMES C MARCUCCILLI 2.00 X 0 0 0 JAMES A MERTEN 2.00 X 0 0 0 W QUINN BUCKNER 2.00 X 0 0 0 ANTHONY J MORAVEC 2.00 X 0 0 0 IZABELA OZDEMIR 2.00 X 0 0 0 DONNA V BUCK 2.00 X 0 0 0 PAUL PERKINS 2.00 X 0 0 0 LU B PORTER 2.00 X 0 0 0 MAMON POWERS III 2.00 X 0 0 0 WILLIAM RITZMANN 2.00 X 0 0 0 THOMAS J TRAURING 2.00 X 0 0 0 STEVE SCHRECKENGAST 2.00 X 0 0 0 AH SCHUMAKER II 2.00 X 0 0 0 STEPHEN R STEIN 2.00 X 0 0 0 GREGG A THARP 2.00 X 0 0 0 DONALD G THOMAS 2.00 X 0 0 0 DARELL E ZINK JR 2.00 X 0 0 0 TERRY W ANKER 2.00 X 0 0 0 HONORABLE ALBERT HUNTINGTON 2.00 X 0 0 0 GREG RANGER 2.00 X 0 0 0 MICHAEL O LUNSFORD 2.00 X 0 0 0 GERALD A RICHARDSON 2.00 X 0 0 0 RICHARD L VONDERHAAR 2.00 X 0 0 0 JAMES F AULT 2.00 X 0 0 0 LEX CURRY 2.00 X 0 0 0 GREG HARBISON 2.00 X 0 0 0 PAT HARRISON 2.00 X 0 0 0 JOYCE Q ROGERS 40.00 X 0 217407 38303 PERRY HAMMOCK 40.00 X 0 99750 48243 KEVIN HONIGFORD 40.00 X 0 137782 21010 JEFFREY A TERP 40.00 X 0 199095 73754 CHRISTOPHER RUHL 40.00 X 0 191900 56870 0 1154046 440241 0 0 1 0 0 993064 12069141 1090474 13062205 1559820 1559820 105945 105945 3427324 2638694 788630 788630 340166 448464 18465713 848450 17776881 848450 688832 0 688832 688832 94767 993064 471034 -376267 -376267 VENDING INCOME 900099 552878 552878 OTHER 900099 18687 18687 571565 16400730 911731 0 2426794 159606 159606 2875149 2875149 67978 67978 87877 87877 102028 102028 16181 10204 5977 20648 3221 13326 4101 71112 71112 26906 26114 792 1614 1614 92416 85167 1446 5803 855676 855676 74515 74515 INSTRUCTION SUPPLIES AN 4542842 4542842 SPECIAL PROGRAMS 1429308 1429308 OUTREACH PROGRAM EXPENS 987549 987549 IN-KIND EXPENSES 739937 739937 992469 496671 386674 109124 13143811 12213058 628413 302340 3338 3338 7016063 5199287 8802045 10572426 604365 702379 52298800 6739888 37819364 45558912 29392219 30178366 3898297 5940962 25849414 23517296 113385105 121672966 1510818 1038892 1272186 1788304 907690 860846 16185471 19571981 3834480 4680326 688931 340224 24399576 28280573 X 7862255 9552787 57791046 58409035 23332228 25430571 88985529 93392393 113385105 121672966 X 3256919 837911 312034 X X 0 1 X 1 0 X 11612984 17570689 33248339 12863608 13062205 88357825 11612984 17570689 33248339 12863608 13062205 88357825 26870601 61487224 2209107 2370562 3111963 3171676 5093089 15956397 104314222 4436325 0.58940 0.57770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 82970 X X USE IN ART EDUCATION 0 0 1 X 23211845 1621229 2330489 1087771 26075792 22273850 1921312 51679 1034996 23211845 19385710 760975 3127216 1000051 22273850 16451992 1321814 1689849 77945 19385710 18100255 182169 -1178514 651918 16451992 0.95770 0.04230 1 0 14187251 14187251 37567484 6477841 31089643 544065 262047 282018 45558912 LOAN RECEIVABLE 23510509 INVESTMENT IN CEI 6787 23517296 ANNUITIES PAYABLE 95375 INTEREST RATE SWAP LIABILITY 244849 340224 X 19924024 837911 2787566 3625477 16298547 87877 14306 102183 16400730 16575798 3534170 3534170 13041628 87877 14306 102183 13143811 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) USE IN ART OR ART APPRECIATION COURSES WHICH ARE PART OF THE CURRICULUM, 4) 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. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: IVY TECH FOUNDATION, INC. IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). 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 FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE IRC. IVY TECH PROPERTIES, INC. IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(2) 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, INC. HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE IRC. THERE WAS NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2013 AND 2012. THE FOUNDATION FILES U.S. FEDERAL AND STATE OF INDIANA INFORMATIONAL TAX 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, 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 2,638,694. INVESTMENT INCOME OF SUBSIDIARIES 10,816. GAIN FROM INTEREST RATE SWAP 138,056. PART XI, LINE 4B - OTHER ADJUSTMENTS: UNCOLLECTIBLE PLEDGES 14,306. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 2,638,694. EXPENSES OF SUBSIDIARIES 895,476. PART XII, LINE 4B - OTHER ADJUSTMENTS: UNCOLLECTIBLE PLEDGES 14,306. X X X X X X X 1 DONOR BY DESIGN LLC 724 NORTH ELIZABETH AVE FERGUSON MO 63135 CAPITAL CAMPAIGN CONSULTING 0 841876 0 21153 FULCRUM PS LLC 15707C COIT ROAD DALLAS TX 75248 PLANNED GIVING CONSULTING 0 0 0 78507 841876 99660 50TH ANNIVERSARY GALA 237562 225262 12300 85002 THIS IS IT 118753 112458 6295 45256 29 731516 655344 76172 340776 1087831 993064 94767 471034 471034 -376267 1 IVY TECH COMMUNITY COLLEGE OF INDIANA 50 W FALL CREEK PARKWAY N DRIVE INDIANAPOLIS IN 46208 351180631 STATE OF INDIANA 149606 APPRAISAL LAND AND BUILDINGS TO FURTHER THE EDUCATIONAL MISSION OF IVY TECH COMMUNITY COLLEGE OF INDIANA. GREATER KOKOMO ECONOMIC DEVELOPMENT ALLIANCE 700 E FIRMIN ST SUITE 200 KOKOMO IN 46902 351499686 501(C)(3) 10000 TO FURTHER THE EDUCATIONAL MISSION OF IVY TECH COMMUNITY COLLEGE OF INDIANA. 2 0 SCHOLARSHIPS 3314 2875149 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 0 297320 0 0 0 10792 0 0 0 202061 0 510173 0 0 JOYCE Q ROGERS 0 209727 0 0 0 7680 0 0 0 38303 0 255710 0 0 KEVIN HONIGFORD 0 135814 0 0 0 1968 0 0 0 21010 0 158792 0 0 JEFFREY A TERP 0 192964 0 0 0 6131 0 25650 0 48104 0 272849 0 0 CHRISTOPHER RUHL 0 188698 0 0 0 3202 0 11000 0 45870 0 248770 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 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 DONALD G THOMAS PURCHASE OF LAND AND BUILDING; REFINANCE REAL ESTATE X 1167606 860846 0 1 1 860846 X 6 7200 APPRAISALS/FMV X 6186 FMV X 14604 FMV X 14 126955 FMV X 4 300539 FMV X 1 50000 APPRAISAL X GIFT CARDS, WATER, MISC. ITEMS 44 131650 FAIR MARKET VALUE X MEDICAL SERVICES/EQUIPMEN 5 65870 FAIR MARKET VALUE X EQUIPMENT 36 387470 FAIR MARKET VALUE 0 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: SUBSIDIARIES INCOME -884,660. GAIN ON INTEREST RATE SWAP 138,056. INVESTMENT IN IVY TECH PROPERTIES 1,058,638. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE IN THIS PROCESS FROM THE PRIOR YEAR. COMMUNITY ENTERPRISES PROPERTIES LLC 50 W FALL CREEK PARKWAY N DRIVE INDIANAPOLIS IN 46208 271333852 REAL ESTATE HOLDING IN 2200579 28237801 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 9357 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 2875149 CASH IVY TECH COMMUNITY COLLEGE OF INDIANA - LANDBLDG GRANT B 149606 APPRAISAL IVY TECH COMMUNITY COLLEGE OF INDIANA O 357492 FMV IVY TECH COMMUNITY COLLEGE OF INDIANA - RENT J 2210707 FMV IVY TECH COMMUNITY COLLEGE OF INDIANA R 1429308 FMV IVY TECH COMMUNITY COLLEGE OF INDIANA G 848450 FMV IVY TECH COMMUNITY COLLEGE OF INDIANA D 530019 FMV IVY TECH PROPERTIES INC D 1097950 FMV IVY TECH PROPERTIES INC (RENTAL INCOME) K 549250 FMV