Form 990 for tax year 2022

Filed by IVY TECH FOUNDATION INC.

Totals

Total revenue: $41,134,022
Total expenses: $24,943,462
Contributions and grants received: $34,071,141
Grants paid: $5,255,429
Program services expenses (Part IX): $21,797,977
Management and general expenses: $2,292,903
Fundraising expenses: $852,582
Program service expenses (Part III): $21,797,977

Program services were 87.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

SUE ELLSPERMANN

PRESIDENT, COLLEGE

Total calculated

$539,094

From this org

$0

From related orgs

$439,289

Other

$99,805

Hours/week

2 + 38 related

Schedule J breakdown matched by us

Base

$0 + $364,829 related

Bonus

$0

Other

$0 + $74,460 related

Deferred

$0 + $97,068 related

Nontaxable benefits

$0 + $2,737 related

Filer's total

$0 + $539,094 related
COURTNEY ROBERTS

PRESIDENT, FOUNDATION

Total calculated

$311,072

From this org

$0

From related orgs

$284,258

Other

$26,814

Hours/week

38 + 2 related

Schedule J breakdown matched by us

Base

$0 + $265,178 related

Bonus

$0

Other

$0 + $19,080 related

Deferred

$0 + $26,479 related

Nontaxable benefits

$0 + $335 related

Filer's total

$0 + $311,072 related
CONSTANCE BROWN

CHAIRPERSON

Total calculated

$0

Hours/week

2
ROLAND SHELTON

VICE CHAIR

Total calculated

$0

Hours/week

2
JAMES ORBIK

TREASURER

Total calculated

$0

Hours/week

2
LAUREN SALERNO

SECRETARY

Total calculated

$0

Hours/week

2
KEVIN AHAUS

BOARD MEMBER

Total calculated

$0

Hours/week

2
TERRY W ANKER

BOARD MEMBER

Total calculated

$0

Hours/week

2
JAMES AULT

BOARD MEMBER

Total calculated

$0

Hours/week

2
PHIL BANE

BOARD MEMBER

Total calculated

$0

Hours/week

2
LEO BRADDOCK

BOARD MEMBER

Total calculated

$0

Hours/week

2
JESSE R BRAND

BOARD MEMBER

Total calculated

$0

Hours/week

2
SCOTT KLEPPE

BOARD MEMBER

Total calculated

$0

Hours/week

2
MIKE HARMLESS

BOARD MEMBER

Total calculated

$0

Hours/week

2
CELESTE CALVITTO

BOARD MEMBER

Total calculated

$0

Hours/week

2
JENNIFER HINDMAN

BOARD MEMBER

Total calculated

$0

Hours/week

2
SALLY DEVOE

BOARD MEMBER

Total calculated

$0

Hours/week

2
JODI ENGELSTAD

BOARD MEMBER

Total calculated

$0

Hours/week

2
RONALD K FAUQUHER

BOARD MEMBER

Total calculated

$0

Hours/week

2
CONNIE FERGUSON

BOARD MEMBER

Total calculated

$0

Hours/week

2
DAVID R GOODMAN JR

BOARD MEMBER

Total calculated

$0

Hours/week

2
JAMES GOTHARD

BOARD MEMBER

Total calculated

$0

Hours/week

2
WILLIAM R GUTZWILLER

BOARD MEMBER

Total calculated

$0

Hours/week

2
CINDY KINNARNEY

BOARD MEMBER

Total calculated

$0

Hours/week

2
ALISA HECIMOVICH

BOARD MEMBER

Total calculated

$0

Hours/week

2
PAULA HEIDERMAN

BOARD MEMBER

Total calculated

$0

Hours/week

2
MARCUS HESTER

BOARD MEMBER

Total calculated

$0

Hours/week

2
CATHERINE POPP HOFFMAN ESQ

BOARD MEMBER

Total calculated

$0

Hours/week

2
PAULA HUGHES-SCHUH

BOARD MEMBER

Total calculated

$0

Hours/week

2
J MICHAEL JARVIS

BOARD MEMBER

Total calculated

$0

Hours/week

2
REBECCA KUBACKI

BOARD MEMBER

Total calculated

$0

Hours/week

2
MARK MAASSEL

BOARD MEMBER

Total calculated

$0

Hours/week

2
THOMAS MARCUCCILLI

BOARD MEMBER

Total calculated

$0

Hours/week

2
GLEN MUEHLBAUER

BOARD MEMBER

Total calculated

$0

Hours/week

2
SCOTT MILLER

BOARD MEMBER

Total calculated

$0

Hours/week

2
KIM EMMERT-O'DEIL

BOARD MEMBER

Total calculated

$0

Hours/week

2
KEITH O'NEAL

BOARD MEMBER

Total calculated

$0

Hours/week

2
IZABELA OZDEMIR

BOARD MEMBER

Total calculated

$0

Hours/week

2
ALPA PATEL

BOARD MEMBER

Total calculated

$0

Hours/week

2
PAUL PERKINS

BOARD MEMBER

Total calculated

$0

Hours/week

2
JOSH PETERS

BOARD MEMBER

Total calculated

$0

Hours/week

2
DONNA PFEIL

BOARD MEMBER

Total calculated

$0

Hours/week

2
LU B PORTER

BOARD MEMBER

Total calculated

$0

Hours/week

2
MAMON POWERS III

BOARD MEMBER

Total calculated

$0

Hours/week

2
MELISSA PROFFITT

BOARD MEMBER

Total calculated

$0

Hours/week

2
NANCY RHODES

BOARD MEMBER

Total calculated

$0

Hours/week

2
WILLIAM F RITZMANN

BOARD MEMBER

Total calculated

$0

Hours/week

2
STEVEN R SCHRECKENGAST

BOARD MEMBER

Total calculated

$0

Hours/week

2
AH SCHUMAKER II

BOARD MEMBER

Total calculated

$0

Hours/week

2
BRIAN STATER

BOARD MEMBER

Total calculated

$0

Hours/week

2
BRIAN STATZ

BOARD MEMBER

Total calculated

$0

Hours/week

2
JAMES STEHLIK

BOARD MEMBER

Total calculated

$0

Hours/week

2
STEPHEN R STEIN

BOARD MEMBER

Total calculated

$0

Hours/week

2
SEEMA VERMA

BOARD MEMBER

Total calculated

$0

Hours/week

2
VINCENT VIVEROS

BOARD MEMBER

Total calculated

$0

Hours/week

2
SCOTT WALLSMITH

BOARD MEMBER

Total calculated

$0

Hours/week

2
BECKY MILLER

VICE PRESIDENT

Total calculated

$227,006

From this org

$0

From related orgs

$192,427

Other

$34,579

Hours/week

38 + 2 related

Schedule J breakdown matched by us

Base

$0 + $160,159 related

Bonus

$0

Other

$0 + $32,268 related

Deferred

$0 + $24,525 related

Nontaxable benefits

$0 + $10,054 related

Filer's total

$0 + $227,006 related
THOMAS SKIDMORE

ASSISTANT TREASURER

Total calculated

$234,366

From this org

$0

From related orgs

$189,577

Other

$44,789

Hours/week

38 + 2 related

Schedule J breakdown matched by us

Base

$0 + $157,553 related

Bonus

$0

Other

$0 + $32,024 related

Deferred

$0 + $24,795 related

Nontaxable benefits

$0 + $19,994 related

Filer's total

$0 + $234,366 related
ANNETTE FLICKINGER

ASSISTANT SECRETARY

Total calculated

$152,426

From this org

$0

From related orgs

$120,473

Other

$31,953

Hours/week

38 + 2 related

Schedule J breakdown matched by us

Base

$0 + $118,891 related

Bonus

$0

Other

$0 + $1,582 related

Deferred

$0 + $14,693 related

Nontaxable benefits

$0 + $17,260 related

Filer's total

$0 + $152,426 related
BRIAN THOMAS

AVP - GRANT DEVELOPMENT

Total calculated

$144,354

From this org

$0

From related orgs

$103,618

Other

$40,736

Hours/week

38 + 2 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

1a · Tax indemnification and gross-up payments
1a · Health or social club dues or initiation fees
1b · Written policy on the line-1a expenses
2 · Substantiation required before reimbursing expenses

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A: ON A PRE-APPROVED BASIS, CERTAIN IVY TECH COMMUNITY COLLEGE EMPLOYEES ARE PROVIDED SOCIAL CLUB MEMBERSHIPS TO ACCOMMODATE BUSINESS NEEDS RELATED TO COLLEGE FUNCTIONS OR COMMUNITY OUTREACH. THE SOCIAL CLUB MEMBERSHIP DUES ARE PAID BY THE IVY TECH FOUNDATION. ANY PERSONAL USE OF SOCIAL CLUB MEMBERSHIPS IS A TAXABLE FRINGE BENEFIT AND IS INCLUDED IN THE TAXABLE WAGES OF EMPLOYEES RECEIVING THE BENEFIT. ADDITIONALLY, PAY IS INCREASED/GROSSED UP TO COMPENSATE EMPLOYEES FOR THE ESTIMATED TAXES OWED AS A RESULT OF ANY DERIVED TAXABLE INCOME.
PART I, LINE 3: THE IVY TECH FOUNDATION HAS NO EMPLOYEES. THE FOUNDATION CONTRACTS WITH IVY TECH COMMUNITY COLLEGE FOR SERVICES PERFORMED BY COLLEGE EMPLOYEES THAT BENEFIT THE FOUNDATION. COLLEGE SALARIES ARE ESTABLISHED BASED UPON COMPARATIVE SALARY ANALYSIS OF COLLEGE EMPLOYEES IN COMPARABLE POSITIONS, CONSIDERATION OF ECONOMIES OF SCALE, INPUT FROM HUMAN RESOURCES AND FINAL APPROVAL OF APPROPRIATE COLLEGE OFFICER.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

IVY TECH COMMUNITY COLLEGE OF INDIANA

170(B)(1)(A) (II) · POST-SECONDARY EDUCATION · IN
IVY TECH PROPERTIES INC

501(C)(2) · ACQUIRE, OWN AND REDEVELOP PROPERTY FOR THE BENEFIT OF IVY TECH COMMUNITY CO · IN · controlled entity

Directly controlled by IVY TECH FOUNDATION INC

Provenance

Return type: form_990
Tax year: 2022
Filed: 10 November 2023
IRS schema version: 2022v5.0
Source object: 202313189349316541

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