Indiana Institute of Technology
Also known as Indiana Tech
Indiana Institute of Technology reported $144.2 million in revenue and $125.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $79.22 went to program services, $18.70 to management and general costs and $2.08 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 71.2% of the total. The highest compensation it reported for one person was $693,403 (President). 60 people received more than $100,000 in reportable compensation. Revenue rose 48% 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 $125MFor 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 $144MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 79.2% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 18.7% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.1% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.09 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 19.5% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 71.2% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $693,403 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.55% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 60 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 28.3 | 13.3 |
| Independent voting board members Part VI 1a–1b | 19 of 21 | 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 expenseAt Indiana Institute of Technology, we excel at educating students from all walks of life, for all kinds of meaningful work. We're a truly inclusive community of learners, ensuring that students are supported, inspired, and empowered to maximize their professional prospects, advance in their careers, and improve their lives and the lives of others. We believe students learn best when they meaningfully engage with a real-world professor. With an alum. With a cause. With a team. With a peer. Simply put, our model is hands-on. Indiana tech offers degrees at the associate, bachelor's, master's…
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 Director/trustee, officer, 40.0 hrs/week | $551,991 | $0 | $141,412 | $693,403 |
| Treasurer Officer, 40.0 hrs/week | $274,129 | $0 | $48,334 | $322,463 |
| VP Enrollment Management Key employee, 40.0 hrs/week | $224,358 | $0 | $83,888 | $308,246 |
| VPAA Key employee, 40.0 hrs/week | $204,931 | $0 | $60,888 | $265,819 |
| VP Student Affairs Key employee, 40.0 hrs/week | $176,182 | $0 | $47,358 | $223,540 |
| Associate Dean Highest compensated employee, 40.0 hrs/week | $165,156 | $0 | $52,857 | $218,013 |
| Dean College of Business Highest compensated employee, 40.0 hrs/week | $157,620 | $0 | $49,514 | $207,134 |
| VP/CIO Highest compensated employee, 40.0 hrs/week | $143,661 | $0 | $54,174 | $197,835 |
60 people received more than $100,000 in reportable compensation from Indiana Institute of Technology (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.3M (Part IX, line 5).
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–1b21 · 19 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 15aYes
- 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 14bYes
- Employees Part I, line 51,052
- Volunteers Part I, line 650
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| Parkhurst Dining LLC Dining Services | $1,866,187 |
| EAB Global Inc Advertising | $845,872 |
| My Footpath LLC Student Recruiting | $723,970 |
| Jenzabar Inc Hosted Service | $658,331 |
| Asher Agency Inc Advertising | $464,643 |
Individuals listed as contractors are left out. 27 contractors were paid more than $100,000 in all.
Private foundation grants it received
18 private foundations reported grants to Indiana Institute of Technology totaling $1.2M 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 Indiana Institute of Technology's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Indiana Institute of Technology, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Indiana Institute of Technology spent in FY2025, $79.22 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- The Chicago School - CaliforniaLos Angeles, CA · revenue $144M · programs 60.1% · FY2025
- The Research Institute of the McGill University Health CentreCanada, · revenue $144M · programs 80.7% · FY2026
- Kipp Metro Atlanta CollaborativeAtlanta, GA · revenue $144M · programs 90.4% · FY2025
- Bellarmine UniversityLouisville, KY · revenue $145M · programs 88.0% · FY2025
- Mount Saint Mary's UniversityEmmitsburg, MD · revenue $143M · programs 90.3% · FY2025
Questions people ask
How much of Indiana Institute of Technology's spending goes to programs?
In the fiscal year ending June 30, 2025, Indiana Institute of Technology reported that 79.2% of its $125.1 million in expenses went to program services, 18.7% to management and general and 2.1% to fundraising (Form 990, Part IX).
How much does Indiana Institute of Technology pay its top executive?
The largest total compensation Indiana Institute of Technology reported for one person in the fiscal year ending June 30, 2025 was $693,403, for the role of President (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Indiana Institute of Technology get its money?
Of $144.2 million in revenue in the fiscal year ending June 30, 2025, 19.5% came from contributions and grants and 71.2% from program service revenue (Form 990, Part VIII).
Is Indiana Institute of Technology a registered charity?
The IRS lists EIN 35-0845258 as a 501(c)(3) organization (school), 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 202640339349301319 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202500359349300230 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202410979349300011 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202320389349300147 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231329349304018 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202100619349301025 · read the filing
All filings for EIN 35-0845258: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.