ILLINOIS INSTITUTE OF TECHNOLOGY Charity Report

Public IRS 990 nonprofit record

ILLINOIS INSTITUTE OF TECHNOLOGY

EIN 36-2170136 · Education (B430)

What they do

to PROVIDE DISTINCTIVE and RELEVANT EDUCATION IN AN ENVIRONMENT of SCIENTIFIC, TECHNOLOGICAL, and PROFESSIONAL KNOWLEDGE CREATION and INNOVATION.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $85.40 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 leaders97 people are listed in the latest report.

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

Money made simple

87.27%of revenue went to mission work85.4% of expenses · Program services

2.07%of revenue went to fundraising2.0% of expenses

$102.17spent for every $100 of revenueSpending was higher than revenue this year.

12.83%of revenue went to management and office costs12.6% of expenses

$1.82in assets for every $1 spent this yearSome assets cannot be spent right away.

23.2%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.

Worth asking: Expenses exceeded revenue by $9,717,991 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $865,337 for RAJ ECHAMBADI (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$448,541,928

Mission workProgram services$391,444,79887.27% of revenue85.4% of expenses

ManagementOffice and general costs$57,533,23612.83% of revenue12.6% of expenses

FundraisingAsking for donations$9,281,8852.07% of revenue2.0% of expenses

Total expenses$458,259,919102.17% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

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: 85.4% mission · 12.6% management · 2.0% fundraisingTotal expenses: 102.17% of revenue

2023Expense mix: 84.6% mission · 13.1% management · 2.3% fundraisingTotal expenses: 99.65% of revenue

2022Expense mix: 84.0% mission · 13.4% management · 2.6% fundraisingTotal expenses: 115.15% of revenue

2021Expense mix: 84.1% mission · 13.5% management · 2.4% fundraisingTotal expenses: 107.91% of revenue

2020Expense mix: 85.2% mission · 12.9% management · 1.9% fundraisingTotal expenses: 95.48% of revenue

2019Expense mix: 85.6% mission · 12.5% management · 2.0% fundraisingTotal expenses: 89.95% of revenue

2018Expense mix: 86.9% mission · 10.7% management · 2.4% fundraisingTotal expenses: 97.40% of revenue

2017Expense mix: 79.7% mission · 17.5% management · 2.8% fundraisingTotal expenses: 101.93% of revenue

Money in and money out

Revenue$448,541,928

Expenses$458,259,919

Annual shortfall $9,717,991 Expenses were higher than revenue 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)$391,444,798 · 85.4% of expenses

Management and office costs$57,533,236 · 12.6% of expenses

Fundraising$9,281,885 · 2.0% of expenses

See all reported dollar amounts

Revenue$448,541,928

Expenses$458,259,919

Assets$833,343,232

Income$573,853,831

Contributions$104,108,443

Mission work (program services)$391,444,798

Fundraising$9,281,885

Management and general$57,533,236

Stocks and bonds$107,251,866

Accounting fees$345,226

Investing fees$16,303

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

RAJ ECHAMBADIPRESIDENT · 39 hrs/week $865,337Base $803,978 · Other $61,359

KENNETH CHRISTENSENPROVOST, SVP ACADEMIC AFFAIRS · 39 hrs/week $543,082Base $485,098 · Other $57,984

LANCE FORTNOWPROFESSOR AND DEAN COS · 39 hrs/week $478,636Base $434,839 · Other $43,797

MALLIK SUNDHARAMVP ENROLL MGMT STUD AFFRS · 39 hrs/week $478,443Base $427,000 · Other $51,443

MOHAMMAD SHAHIDEHPOURDISTINGUISHED BODINE PROFESSOR · 39 hrs/week $458,652Base $427,878 · Other $30,774

ANITA KRUGDEAN AND PROFESSOR OF LAW · 39 hrs/week $448,373Base $410,198 · Other $38,175

HAMID ARASTOOPOURDIRECTOR, WISER/PROFESSOR · 39 hrs/week $419,083Base $379,543 · Other $39,540

M KRISHNA ERRAMILLIASSOCIATE DEAN AND PROFESSOR · 39 hrs/week $418,553Base $373,347 · Other $45,206

SIVA BALASUBRAMANIANHAROLD L. STUART ENDOWED CHAIR · 39 hrs/week $376,911Base $361,830 · Other $15,081

JENNIFER DEWINTERDEAN/PROF LEWIS COLLEGE SCIENCE · 39 hrs/week $375,921Base $355,611 · Other $20,310

LOUIS CATTAFESTA IIIDEAN OF THE ARMOR COLLEGE OF ENGINEERING · 39 hrs/week $366,662Base $331,163 · Other $35,499

BETH CAMPBELLASSOCIATE VP, PRINCIPAL GIFTS · 39 hrs/week $365,518Base $338,940 · Other $26,578

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 (97)

RAJ ECHAMBADIPRESIDENT

KENNETH CHRISTENSENPROVOST, SVP ACADEMIC AFFAIRS

LANCE FORTNOWPROFESSOR AND DEAN COS

MALLIK SUNDHARAMVP ENROLL MGMT STUD AFFRS

MOHAMMAD SHAHIDEHPOURDISTINGUISHED BODINE PROFESSOR

ANITA KRUGDEAN AND PROFESSOR OF LAW

HAMID ARASTOOPOURDIRECTOR, WISER/PROFESSOR

M KRISHNA ERRAMILLIASSOCIATE DEAN AND PROFESSOR

SIVA BALASUBRAMANIANHAROLD L. STUART ENDOWED CHAIR

JENNIFER DEWINTERDEAN/PROF LEWIS COLLEGE SCIENCE

LOUIS CATTAFESTA IIIDEAN OF THE ARMOR COLLEGE OF ENGINEERING

BETH CAMPBELLASSOCIATE VP, PRINCIPAL GIFTS

REED KROLOFFDEAN-ARCHITECTURE, ROWE CHAIR

EDWIN WATTSVP OF ADMINISTRATION

ANIJO MATHEWDEAN, INSTITUTE OF DESIGN

HAROLD KRENTPROFESSOR OF LAW/FORMER KEY EMPLOYEE

MICHELANGELO SABATINOPROFESSOR/FORMER KEY EMPLOYEE

NATACHA DEPAOLAPROF OF BIOMEDENG & DIR IDMET/FORMER KEY EMPLOYEE

WALTER HAZLITTGENERAL COUNSEL

MICHAEL GOSZVICE PRESIDENT FOR DATA ANALYTICS/FORMER OFFICER

SEJAL VAISHNAVCHIEF INFORMATION OFFICER

JESS GOODEVICE PRESIDENT, EXTNL AFFAIRS

NORMA SCAGNOLICHIEF LEARNING AND INNOVATION OFFICER

AMIT THOMASVP FOR HUMAN RESOURCES AND TALENT MANAGEMENT

LIAD WAGMANDEAN, ENDOW CHAIR, PROF OF ECON/FORMER KEY EMPLOYE

ALAN CRAMBDISTINGUISHED PROFESSOR/FORMER OFFICER

JEREMY FINEVP OF FINANCE, CFO, AND TREASURER

ANGELA MANNING-HARDIMONVP FINANCE /CFO/FORMER OFFICER

MICHELE FINNDEPUTY CHIEF FINANCIAL OFFICER

MELVIN FLOWERSTRUSTEE

VICTOR TSAOTRUSTEE

MICHAEL P GALVINCHAIRMAN OF THE BOARD

MICHAEL J GRAFFTRUSTEE

MICHAEL PALUMBOTRUSTEE

THOMAS E LANCTOTVICE CHAIR

MAYARI PRITZKERTRUSTEE

VICTOR A MORGENSTERNTRUSTEE

VICTORIA L NOONANTRUSTEE

KATHLEEN BRANDENBURGTRUSTEE

MARTIN C JISCHKETRUSTEE

MARTIN COOPERTRUSTEE

STACEY M KACEKTRUSTEE

ROBERT J WASHLOWTRUSTEE

ROBERT J POTTERTRUSTEE

ROBERT D HOELTRUSTEE

S CHRISTOPHER GLADWINTRUSTEE

ROBERT A CORNOGTRUSTEE

ROBERT SURRETTETRUSTEE

RICHARD NEIL LEVYTRUSTEE

SEAN CAMPBELLVICE PRESIDENT OF ADVANCEMENT

ROHIT PRASADTRUSTEE

RALPH WANGERTRUSTEE

TED KOENIGTRUSTEE

PETER M KELLY IIITRUSTEE

PATRICK J KELLYTRUSTEE

PATRICIA M RIOS-HANIGERTRUSTEE

NORBERT O KAISERTRUSTEE

THOMAS ROSZAKTRUSTEE

CARSON BLOCKTRUSTEE (THROUGH 10/17/2024)

ERIC VASSILATOSTRUSTEE (THROUGH 10/17/2024)

ELLEN M JORDANVICE CHAIR

EFTHIMIOS J STOJKATRUSTEE

ED KAPLANTRUSTEE

DOUGLAS M MONIESONTRUSTEE

DAVID L CROWELLTRUSTEE

DANIEL R EPHRAIMTRUSTEE

CRAIG J DUCHOSSOISTRUSTEE

CHERYL HYMANTRUSTEE

FRANK CLARK IIITRUSTEE

CAROLE BROWE SEGALTRUSTEE

CARL S SPETZLERTRUSTEE

BRUCE C LIIMATAINENTRUSTEE

BRIAN C WALKERTRUSTEE

ANITA M NAGLERTRUSTEE

ANDREA L BERRYTRUSTEE

AMANDA LANNERTTRUSTEE

ALAN W WENDORFTRUSTEE

ADRIAN NEMCEKTRUSTEE

JOEL D KRAUSSTRUSTEE

MARK WALLACETRUSTEE

MARC R HANNAHTRUSTEE

KAREN KLEINTRUSTEE (THROUGH 2/28/2025)

KAARINA KOSKENALUSTATRUSTEE

JOHN P CALAMOS SRTRUSTEE

JOHN KRENHBIEL JRTRUSTEE

JOHN G OLINTRUSTEE

JOHN C WALDENTRUSTEE

MARK P SEXTONTRUSTEE

JIMMY A AKINTONDETRUSTEE

JENNY NIEMANNTRUSTEE

JAMSHYD N GODREJTRUSTEE

JAMES E COWIETRUSTEE

JAMES GAGNARDTRUSTEE

JAMES DUGANTRUSTEE

INDIRA SALADITRUSTEE (AS OF 10/17/24)

HAZEM DAWANITRUSTEE

HAROLD SINGLETON IIITRUSTEE

About this charity

Recognized since: January 1941
Location: 10 W 35TH STREET 8TH FLOOR, CHICAGO, IL 60616-3717
County: Cook
In care of: % STEPHANIE CARR
Primary officer: Stephanie Carr, Associate Controller

How to reach them

WebsiteVisit the charity’s website Phone(312) 567-3332

Filing and classification

Latest tax year: 2024
Tax period began: June 1, 2024
Return type: 990
Tax preparer: CROWE LLP
NTEE classification: Education (B430)