Ivy Tech Foundation
Ivy Tech Foundation reported $40.3 million in revenue and $30.6 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $88.16 went to program services, $8.51 to management and general costs and $3.33 to fundraising. Its largest source of revenue was contributions and grants: 84.6% of the total. The highest compensation it reported for one person was $688,111 (PRESIDENT, COLLEGE). Revenue rose 82% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $31MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $40MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 88.2% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 8.5% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.3% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.03 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 84.6% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $688,111 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.25% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 0 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 64.4 | 13.3 |
| Independent voting board members Part VI 1a–1b | 45 of 46 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe Ivy Tech Foundation provides scholarships, grants, and financial support to assist Ivy Tech students with tuition, educational related expenses, and non-tuition barriers. Awards are based on academic achievement and financial aid. The Ivy Tech Foundation is responsible for soliciting and receiving the contributions, as well as administering and distributing the donations to the college for student support
The Ivy Tech Foundation provides funds to support the operation, maintenance, and improvement of college facilities and real estate in indiana. This includes classrooms, research laboratories, instructional supplies, dining halls, and athletic facilities. These activities ensure a safe, accessible, and well-equipped environment that supports the institution's educational mission and student development
The Ivy Tech Foundation makes sub-awards to Ivy Tech community college to carry out educational and research projects to support students, faculty, and programs. These sub-awards fund activities such as curriculum development, student research opportunities, and campus improvement initiatives that enhance educational outcomes. The sub-awards provide support for special and innovative programs
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT, COLLEGE Director/trustee, officer, 2.00 hrs/week | $0 | $555,126 | $132,985 | $688,111 |
| PRESIDENT, FOUNDATION Officer, 38.00 hrs/week | $0 | $355,784 | $30,274 | $386,058 |
| ASSISTANT TREASURER Officer, 38.00 hrs/week | $0 | $202,995 | $51,486 | $254,481 |
| VICE PRESIDENT Officer, 38.00 hrs/week | $0 | $128,336 | $25,744 | $154,080 |
| ASSISTANT SECRETARY Officer, 38.00 hrs/week | $0 | $106,973 | $44,044 | $151,017 |
| VICE PRESIDENT, FORMER Officer, 38.00 hrs/week | $0 | $107,647 | $19,076 | $126,723 |
0 people received more than $100,000 in reportable compensation from Ivy Tech Foundation (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b46 · 45 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 6400
Private foundation grants it received
48 private foundations reported grants to Ivy Tech Foundation totaling $4.9M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Ivy Tech Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Ivy Tech Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Ivy Tech Foundation spent in FY2025, $88.16 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Ivy Tech Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, Ivy Tech Foundation reported that 88.2% of its $30.6 million in expenses went to program services, 8.5% to management and general and 3.3% to fundraising (Form 990, Part IX).
How much does Ivy Tech Foundation pay its top executive?
The largest total compensation Ivy Tech Foundation reported for one person in the fiscal year ending June 30, 2025 was $688,111, for the role of PRESIDENT, COLLEGE (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Ivy Tech Foundation get its money?
Of $40.3 million in revenue in the fiscal year ending June 30, 2025, 84.6% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Ivy Tech Foundation a registered charity?
The IRS lists EIN 23-7073977 as a 501(c)(3) organization (organization operated for a governmental college or university), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202523209349300077 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202443199349313729 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202313189349316541 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331169349300608 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241369349305294 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131349349302583 · read the filing
All filings for EIN 23-7073977: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.