Indiana Institute Of Technology Inc

Organization Overview

Indiana Institute Of Technology Inc, operating under the name Indiana Tech, is located in Fort Wayne, IN. The organization was established in 1949. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Indiana Tech employed 1,103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Tech is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Indiana Tech generated $108.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $95.2m during the year ending 06/2021. While expenses have increased by 1.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDES LEARNERS WITH CAREER-FOCUSED, PROFESSIONAL EDUCATION IN THE AREAS OF BUSINESS, COMPUTER STUDIES, ENGINEERING, CRIMINAL SCIENCE, AND GENERAL STUDIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

AT INDIANA INSTITUTE OF TECHNOLOGY, WE EXCEL AT EDUCATING STUDENTS FROM ALL WALKS OF LIFE, FOR ALL KINDS OF MEANINGFUL WORK. WE'RE A TRULY INCLUSIVE COMMUNITY OF LEARNERS, ENSURING THAT STUDENTS ARE SUPPORTED, INSPIRED, AND EMPOWERED TO MAXIMIZE THEIR PROFESSIONAL PROSPECTS, ADVANCE IN THEIR CAREERS, AND IMPROVE THEIR LIVES AND THE LIVES OF OTHERS. WE BELIEVE STUDENTS LEARN BEST WHEN THEY MEANINGFULLY ENGAGE WITH A REAL-WORLD PROFESSOR. WITH AN ALUM. WITH A CAUSE. WITH A TEAM. WITH A PEER. SIMPLY PUT, OUR MODEL IS HANDS-ON. INDIANA TECH OFFERS DEGREES AT THE ASSOCIATE, BACHELOR'S, MASTER'S AND DOCTORAL LEVELS, IN FIELDS SUCH AS ENGINEERING, COMPUTER SCIENCES, CYBERSECURITY, BUSINESS, ANALYTICS, CRIMINAL JUSTICE, BIOLOGY, HEALTH SCIENCES, AND MORE. IN ALL, THE UNIVERSITY OFFERS MORE THAN 60 QUALITY DEGREE OPTIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Karl W Einolf
President
$506,038
Judy K Roy
Treasurer
$237,141
Steve Herendeen
VP Enrollment Management
$197,917
Daniel Grigg
VP Institutional Advancement
$194,481
Kathleen Watland
VP Of Academic Affairs
$160,757
Steve Dusseau
Professor
$159,725

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Asher Agency
Advertising
$2,331,555
Eab Global
Advertising
$897,321
Securitas Security Services
Security Service
$574,728
My Footpath
Student Recruiting
$370,774
Cma Plus Llc
Construction Mgmt
$524,965
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$13,919
Related organizations$10,894
Government grants $15,368,548
All other contributions, gifts, grants, and similar amounts not included above$6,801,865
Noncash contributions included in lines 1a–1f $59,179
Total Revenue from Contributions, Gifts, Grants & Similar$22,195,226
Total Program Service Revenue$78,062,161
Investment income $4,133,802
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,575,443
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $208,154
Miscellaneous Revenue$0
Total Revenue $108,107,562

Grants Awarded

Over the last fiscal year, Indiana Institute Of Technology Inc has awarded $26,000 in support to 2 organizations.

Grant RecipientAmount

GLOBAL LEADERSHIP SUMMIT & BEYOND

Org PageRecipient Profile

Fort Wayne, IN

PURPOSE: GLS 2021 SUMMIT FW

$20,000

ISSUE MEDIA GROUP

PURPOSE: UNDERWRITING SPONSORSHIP

$6,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 14 grants that Indiana Institute Of Technology Inc has recieved totaling $234,915.

Awarding OrganizationAmount
Parkview Health System Inc

Fort Wayne, IN

PURPOSE: NURSING PROGRAM SUPPORT

$100,000
English-Bonter-Mitchell Foundation

Pittsburgh, PA

PURPOSE: ZOLLNER EXPANSION

$62,500
Zollner Foundation Trust

Las Vegas, NV

PURPOSE: GENERAL OPERATING

$20,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$15,500
E H Kilbourne Residuary Charitable Trust

Las Vegas, NV

PURPOSE: GENERAL SUPPORT

$13,000
Hayner Foundation

Las Vegas, NV

PURPOSE: GENERAL OPERATING

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$170,407,145
Earnings-$4,161,210
Admin Expense$765,826
Net Contributions$293,529
Other Expense$229,427
Grants$856,763
Ending Balance$164,687,448

Peer Organizations

Organization NameAssets
Depaul University
Chicago, IL
$903,291,560
Loyola University Of Chicago
Chicago, IL
$813,555,821
Marquette University
Milwaukee, WI
$679,500,550
Illinois Institute Of Technology
Chicago, IL
$396,565,185
Butler University
Indianapolis, IN
$355,703,084
Bradley University
Peoria, IL
$238,646,085
The Lutheran University Association Inc
Valparaiso, IN
$192,641,554
University Of Indianapolis
Indianapolis, IN
$207,052,087
Webster University
St Louis, MO
$161,315,329
Maryville University Of St Louis
St Louis, MO
$183,271,161
Roosevelt University
Chicago, IL
$160,424,797
Lindenwood College
St Charles, MO
$128,444,522

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