INDIANA INSTITUTE OF TECHNOLOGY INC Charity Report

Public IRS 990 nonprofit record

INDIANA INSTITUTE OF TECHNOLOGY INC

EIN 35-0845258 · Education (B430)

What they do

INDIANA TECH is A PRIVATE, INDEPENDENT, and NON-DENOMINATIONAL UNIVERSITY. STUDENTS ARE PREPARED for ACTIVE PARTICIPATION IN THE COMPLEX, GLOBAL SOCIETY of THE 21ST CENTURY and ARE MOTIVATED TOWARD A LIFE of SIGNIFICANCE and WORTH. ABOUT 1,300 STUDENTS ARE ENROLLED IN THE TRADITIONAL DAY SCHOOL, and THE COLLEGE of PROFESSIONAL STUDIES HAS ABOUT 5,500 STUDENTS ENROLLED.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $79.20 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 leaders30 people are listed in the latest report.

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

Money made simple

68.69%of revenue went to mission work79.2% of expenses · Program services

1.81%of revenue went to fundraising2.1% of expenses

$86.71spent for every $100 of revenueRevenue covered expenses this year.

16.21%of revenue went to management and office costs18.7% of expenses

$2.78in assets for every $1 spent this yearSome assets cannot be spent right away.

19.5%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 $693,403 for KARL W EINOLF (PRESIDENT). 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$144,228,618

Mission workProgram services$99,071,39268.69% of revenue79.2% of expenses

ManagementOffice and general costs$23,379,00916.21% of revenue18.7% of expenses

FundraisingAsking for donations$2,605,7281.81% of revenue2.1% of expenses

Revenue left after expensesReported annual surplus$19,172,48913.29% of revenueShown in gray on the chart

Total expenses$125,056,12986.71% 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: 79.2% mission · 18.7% management · 2.1% fundraisingTotal expenses: 86.71% of revenue

2023Expense mix: 82.2% mission · 16.7% management · 1.1% fundraisingTotal expenses: 107.76% of revenue

2022Expense mix: 80.7% mission · 18.0% management · 1.3% fundraisingTotal expenses: 108.65% of revenue

2021Expense mix: 82.6% mission · 16.3% management · 1.2% fundraisingTotal expenses: 84.86% of revenue

2020Expense mix: 82.5% mission · 16.4% management · 1.1% fundraisingTotal expenses: 88.10% of revenue

2019Expense mix: 82.0% mission · 16.7% management · 1.3% fundraisingTotal expenses: 96.12% of revenue

2018Expense mix: 81.0% mission · 17.5% management · 1.5% fundraisingTotal expenses: 91.79% of revenue

2017Expense mix: 81.3% mission · 17.6% management · 1.1% fundraisingTotal expenses: 78.59% of revenue

Money in and money out

Revenue$144,228,618

Expenses$125,056,129

Annual surplus $19,172,489 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)$99,071,392 · 79.2% of expenses

Management and office costs$23,379,009 · 18.7% of expenses

Fundraising$2,605,728 · 2.1% of expenses

See all reported dollar amounts

Revenue$144,228,618

Expenses$125,056,129

Assets$347,832,960

Income$190,596,154

Contributions$28,107,769

Mission work (program services)$99,071,392

Fundraising$2,605,728

Grants given$52,700

Average grant$10,540

Management and general$23,379,009

Stocks and bonds$174,663,314

Accounting fees$77,224

Investing fees$774,569

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

KARL W EINOLFPRESIDENT · 40 hrs/week $693,403Base $551,991 · Other $141,412

JUDY K ROYTREASURER · 40 hrs/week $322,463Base $274,129 · Other $48,334

STEVE A HERENDEENVP ENROLLMENT MANAGEMENT · 40 hrs/week $308,246Base $224,358 · Other $83,888

KATHLEEN H WATLANDVPAA · 40 hrs/week $265,819Base $204,931 · Other $60,888

DANIEL J STOKERVP STUDENT AFFAIRS · 40 hrs/week $223,540Base $176,182 · Other $47,358

STEPHANOS MAVROMOUSTAKOSASSOCIATE DEAN · 40 hrs/week $218,013Base $165,156 · Other $52,857

LORI A FINCANNONDEAN COLLEGE OF BUSINESS · 40 hrs/week $207,134Base $157,620 · Other $49,514

JEFFREY S LEICHTYVP/CIO · 40 hrs/week $197,835Base $143,661 · Other $54,174

BRIAN W ENGELHARTVP/EXEC DIRECTOR JUNCTION 36 · 40 hrs/week $196,158Base $143,688 · Other $52,470

MICHELLE R MUSOLFAVP/CONTROLLER · 40 hrs/week $194,719Base $148,113 · Other $46,606

JACK PHLIPOTASSOCIATE PROFESSOR · 40 hrs/week $161,162Base $121,369 · Other $39,793

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 (30)

KARL W EINOLFPRESIDENT

JUDY K ROYTREASURER

STEVE A HERENDEENVP ENROLLMENT MANAGEMENT

KATHLEEN H WATLANDVPAA

DANIEL J STOKERVP STUDENT AFFAIRS

STEPHANOS MAVROMOUSTAKOSASSOCIATE DEAN

LORI A FINCANNONDEAN COLLEGE OF BUSINESS

JEFFREY S LEICHTYVP/CIO

BRIAN W ENGELHARTVP/EXEC DIRECTOR JUNCTION 36

MICHELLE R MUSOLFAVP/CONTROLLER

JACK PHLIPOTASSOCIATE PROFESSOR

RICHARD J SCHULTRUSTEE

MARK DELYTRUSTEE

WILLIAM DAUGHERTYTRUSTEE

THOMAS L BURNSTRUSTEE

WENDY KOBLERTRUSTEE

WHITNEY BANDEMERTRUSTEE

ANTHONY J JULIANOTRUSTEE

JOHN KUNZETRUSTEE

JEFFREY A BENZINGTRUSTEE

JEFFREY WITTETRUSTEE

JARROD R STOLLERTRUSTEE

GREGG C SENGSTACKTRUSTEE

DENA M JACQUAYTRUSTEE

DAVID J NASHTRUSTEE

D GEOFFREY PADDOCKTRUSTEE

CRYSTAL THOMASTRUSTEE

CLIFFORD M CLARKTRUSTEE

CHERI A BECKERTRUSTEE

ARNOLD O PIERSONTRUSTEE

About this charity

Recognized since: January 1949
Location: 1600 E WASHINGTON BLVD, FORT WAYNE, IN 46803-1228
County: Allen
In care of: % SHELLY MUSOLF
Primary officer: JUDY K ROY, TREASURER

How to reach them

WebsiteVisit the charity’s website Phone(260) 442-5561

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: FORVIS MAZARS LLP
NTEE classification: Education (B430)
Grant-giving organization: Yes