Toyota Technological Institute At Chicago
- Assets
- $302.2m
- Revenue
- $22.6m
- Investments
- $287.6m
- Employees
- 97
- Location
- Chicago, IL
- Founding
- 03/2004
- Data as of
- 06/2021
- EIN
- 36-4479457
Organization Overview
Toyota Technological Institute At Chicago is located in Chicago, IL. The organization was established in 2004. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2021, Toyota Technological Institute At Chicago employed 97 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Toyota Technological Institute At Chicago 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, Toyota Technological Institute At Chicago generated $22.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $13.1m during the year ending 06/2021. While expenses have increased by 6.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ACHIEVING INTERNATIONAL IMPACT THROUGH WORLD-CLASS RESEARCH AND EDUCATION IN FUNDAMENTAL COMPUTER SCIENCE AND INFORMATION TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOYOTA TECHNOLOGICAL INSTITUTE AT CHICAGO ("TTIC") DEVELOPS RESEARCH AND PROVIDES EDUCATION MAINLY IN THE FIELD OF COMPUTER SCIENCE. TTIC EDUCATES AND TRAINS STUDENTS IN ORDER TO MAKE THEM CREATIVE AND TALENTED SCIENTISTS AND TO CONTRIBUTE TO THE WORLD AND LOCAL COMMUNITIES. IN 2020, TTIC HAD 48 STUDENTS ENROLLED IN PHD PROGRAM, AND OFFERED A TOTAL OF 13 CLASSES IN THE ACADEMIC YEAR OF 2020-2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Matthew Turk President | OfficerTrustee | 37.5 | $393,050 |
Dr Nathan Srebro Bartom Professor | 37.5 | $332,127 | |
Dr Avrim Blum Chief Academic Officer | Officer | 37.5 | $316,859 |
Dr Gregory Shakhnarovich Associate Professor | 37.5 | $269,568 | |
Dr Jinbo Xu Professor | 37.5 | $241,368 | |
Dr David Mcallester Professor | 37.5 | $233,760 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
University Of Chicago Office Of Investme Investment Advisory Services | 6/29/20 | $469,053 |
Gensler Design & Architecture Services | 6/29/20 | $158,658 |
Gensler Design & Architecture Services | 6/29/20 | $158,658 |
University Of Chicago Office Of Investme Investment Advisory Services | 6/29/20 | $469,053 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,079,474 |
| All other contributions, gifts, grants, and similar amounts not included above | $546,337 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,625,811 |
| Total Program Service Revenue | $1,355,414 |
| Investment income | $3,406,743 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,181,799 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,569,767 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $189,078 |
| Grants and other assistance to domestic individuals. | $3,135,772 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,206,128 |
| Compensation of current officers, directors, key employees. | $934,763 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,191,661 |
| Pension plan accruals and contributions | $287,997 |
| Other employee benefits | $676,503 |
| Payroll taxes | $290,918 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,892 |
| Fees for services: Accounting | $64,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $548,503 |
| Fees for services: Other | $65,510 |
| Advertising and promotion | $0 |
| Office expenses | $292,519 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,219,581 |
| Travel | $21,675 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $620,202 |
| Insurance | $49,122 |
| All other expenses | $23,441 |
| Total functional expenses | $13,057,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $953,374 |
| Savings and temporary cash investments | $527,978 |
| Pledges and grants receivable | $926,273 |
| Accounts receivable, net | $528,330 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $34,898 |
| Net Land, buildings, and equipment | $6,128,092 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $287,565,842 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,506,260 |
| Total assets | $302,171,047 |
| Accounts payable and accrued expenses | $1,435,363 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,435,363 |
| Net assets without donor restrictions | $74,717,884 |
| Net assets with donor restrictions | $226,017,800 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $302,171,047 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Toyota Technological Institute At Chicago has recieved totaling $120,000.
| Awarding Organization | Amount |
|---|---|
Simons Foundation Inc New York, NY PURPOSE: THE THEORY OF ALGORITHMIC FAIRNESS | $120,000 |
Endowment Analysis
| Beg. Balance | $201,206,244 |
| Earnings | $30,413,665 |
| Grants | $6,112,350 |
| Ending Balance | $225,507,559 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asbury Theological Seminary Wilmore, KY | $333,796,449 | $52,800,131 |
Illinois College Of Optometry Chicago, IL | $110,244,360 | $41,438,897 |
Logan University Chesterfield, MO | $101,664,851 | $38,500,877 |
Krell Institute Inc Ames, IA | $2,185,280 | $14,305,955 |
Toyota Technological Institute At Chicago Chicago, IL | $302,171,047 | $22,569,767 |
National Center For Teacher Residencies Inc Chicago, IL | $5,406,714 | $10,603,548 |
Lake Forest Graduate School Of Management Lake Forest, IL | $18,989,576 | $9,582,836 |
Iowa Medical Education Collaborative Des Moines, IA | $0 | $4,983,705 |
Harry S Truman Library Institute For National & International Affai Kansas City, MO | $16,879,903 | $3,123,926 |
Legacy Law School Corporation Chicago, IL | $0 | $2,278 |
Graduate School Of Banking Inc Madison, WI | $1,229,337 | $3,378,911 |
Kentucky College Of Art And Design Inc Louisville, KY | $5,558,325 | $2,801,398 |