INDEPENDENT COLLEGES OF INDIANA INC Charity Report

Public IRS 990 nonprofit record

INDEPENDENT COLLEGES OF INDIANA INC

EIN 31-0901001 · Professional Societies & Associations - Education (B03)

What they do

The Independent Colleges of Indiana (ICI) Advances and Strengthens The Competitive Standing of Its 29 Member Independent, Nonprofit, Regionally Accredited, Degree Granting Colleges and Universities. ICI Works to Ensure Opportunity, Access, and Choice In Higher Education for All Students. (Continued On Schedule O)

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $95.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders45 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

88.45%of revenue went to mission work95.6% of expenses · Program services

0.40%of revenue went to fundraising0.4% of expenses

$92.49spent for every $100 of revenueRevenue covered expenses this year.

3.65%of revenue went to management and office costs3.9% of expenses

$3.76in assets for every $1 spent this yearSome assets cannot be spent right away.

88.8%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $336,686 for DR DOTTIE KING (PRESIDENT/SECRETARY). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$28,598,755

Mission workProgram services$25,294,91388.45% of revenue95.6% of expenses

ManagementOffice and general costs$1,043,4823.65% of revenue3.9% of expenses

FundraisingAsking for donations$113,8000.40% of revenue0.4% of expenses

Revenue left after expensesReported annual surplus$2,146,5607.51% of revenueShown in gray on the chart

Total expenses$26,452,19592.49% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 95.6% mission · 3.9% management · 0.4% fundraisingTotal expenses: 92.49% of revenue

2023Expense mix: 94.3% mission · 5.0% management · 0.6% fundraisingTotal expenses: 100.38% of revenue

2022Expense mix: 93.0% mission · 6.3% management · 0.7% fundraisingTotal expenses: 91.69% of revenue

2021Expense mix: 95.0% mission · 4.0% management · 1.0% fundraisingTotal expenses: 100.68% of revenue

2020Expense mix: 94.8% mission · 4.4% management · 0.7% fundraisingTotal expenses: 106.81% of revenue

2019Expense mix: 91.8% mission · 7.3% management · 1.0% fundraisingTotal expenses: 89.18% of revenue

2018Expense mix: 96.0% mission · 3.5% management · 0.5% fundraisingTotal expenses: 101.13% of revenue

2017Expense mix: 94.3% mission · 3.6% management · 2.2% fundraisingTotal expenses: 77.89% of revenue

Money in and money out

Revenue$28,598,755

Expenses$26,452,195

Annual surplus $2,146,560 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$25,294,913 · 95.6% of expenses

Management and office costs$1,043,482 · 3.9% of expenses

Fundraising$113,800 · 0.4% of expenses

See all reported dollar amounts

Revenue$28,598,755

Expenses$26,452,195

Assets$99,589,312

Income$36,638,839

Contributions$25,391,801

Mission work (program services)$25,294,913

Fundraising$113,800

Grants given$10,177,967

Average grant$13,904

Management and general$1,043,482

Stocks and bonds$92,998,130

Accounting fees$54,450

Investing fees$23,315

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DR DOTTIE KINGPRESIDENT/SECRETARY · 40 hrs/week $336,686Base $296,447 · Other $40,239

LAURA BRIDGESVP AND CHIEF OPERATING OFFICER · 40 hrs/week $194,695Base $166,941 · Other $27,754

KEVIN WATSONCHIEF FINANCIAL OFFICER · 40 hrs/week $135,701Base $113,968 · Other $21,733

JAKE BURNSDIRECTOR OF POLICY & RESEARCH · 40 hrs/week $121,686Base $101,242 · Other $20,444

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (45)

DR DOTTIE KINGPRESIDENT/SECRETARY

LAURA BRIDGESVP AND CHIEF OPERATING OFFICER

KEVIN WATSONCHIEF FINANCIAL OFFICER

JAKE BURNSDIRECTOR OF POLICY & RESEARCH

REP CRAIG SNOWDIRECTOR

DR TANUJA SINGHDIRECTOR

ELAINE BEDELDIRECTOR

JAMES M DANKODIRECTOR

JOHN PISTOLE JDDIRECTOR

JOS D PADILLA JDDIRECTOR

KERRY N PRATHERDIRECTOR

PAUL PERKINSDIRECTOR

REP BRAD BARRETTDIRECTOR

DR SHERILYN EMBERTONDIRECTOR

REP GREGORY PORTERDIRECTOR

REP PHIL GIAQUINTADIRECTOR

REV ROBERT A DOWD CSCDIRECTOR

ROBERT A COONSTREASURER

SEN ANDREA HUNLEYDIRECTOR

SEN ED CHARBONNEAUDIRECTOR

SEN FADY QADDOURADIRECTOR

SEN JEFF RAATZDIRECTOR

SEN LINDA ROGERSDIRECTOR

DR KATIE CONBOYVICE CHAIR

CHRISTOPHER M PIETRUSZKIEWICZ JDDIRECTOR

DANIEL ELSENERDIRECTOR

DR AMY MCCORMACKDIRECTOR

DR BARBARA BELLEFEUILLEDIRECTOR

DR D MICHAEL LINDSAYDIRECTOR

DR DREW FLAMMDIRECTOR

DR EARL BROOKS IIDIRECTOR

DR JERRY THACKERDIRECTOR (START 7/1/24)

DR JONATHAN KULAGADIRECTOR

DR KARL W EINOLFCHAIR

DR STACY YOUNGDIRECTOR

DR LAKE LAMBERTDIRECTOR

DR LANCE RICHEYDIRECTOR

DR LORI WHITEDIRECTOR

DR MARCO J CLARKDIRECTOR

DR PAUL SNIEGOWSKIDIRECTOR (START 8/5/24)

DR REBECCA STOLTZFUSDIRECTOR

DR RON D DEMPSEYDIRECTOR

DR SCOTT E FELLERDIRECTOR

DR SEAN HUDDLESTONDIRECTOR

BRENNAN RANDOLPHDIRECTOR (START 8/9/24)

About this charity

Recognized since: January 1975
Location: 601 SOUTH MERIDIAN STREET SUITE 2A, INDIANAPOLIS, IN 46225-1209
County: Marion
In care of: % KEVIN WATSON
Primary officer: Dottie L King, President/CEO

How to reach them

WebsiteVisit the charity’s website Phone(317) 236-6090

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: FORVIS MAZARS LLP
NTEE classification: Professional Societies & Associations - Education (B03)
IRS tax category: Professional Societies & Associations
Grant-giving organization: Yes