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Nonprofiteer
← ILLINOIS INSTITUTE OF TECHNOLOGY

Form 990 for tax year 2024

Filed by ILLINOIS INSTITUTE OF TECHNOLOGY.

Totals

Total revenue
$448,541,928
Total expenses
$458,259,919
Contributions and grants received
$104,108,443
Grants paid
$153,562,608
Program services expenses (Part IX)
$391,444,798
Management and general expenses
$57,533,236
Fundraising expenses
$9,281,885
Program service expenses (Part III)
$391,444,798

Program services were 85.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Ellen M Jordan

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Michael P Galvin

    Chairman of the Board

    Total calculated
    $0
    Hours/week
    1

  • Raj Echambadi

    President

    Total calculated
    $865,337
    From this org
    $803,978
    From related orgs
    $0
    Other
    $61,359
    Hours/week
    38.8 + 1 related

    Schedule J breakdown matched by us

    Base
    $778,656
    Bonus
    $0
    Other
    $25,322
    Deferred
    $31,050
    Nontaxable benefits
    $30,309
    Filer's total
    $865,337

  • Thomas E Lanctot

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Adrian Nemcek

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Alan W Wendorf

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Amanda Lannert

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Andrea L Berry

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Anita M Nagler

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Brian C Walker

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Bruce C Liimatainen

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Carl S Spetzler

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Carole Browe Segal

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Carson Block

    Trustee (Through 10/17/2024)

    Total calculated
    $0
    Hours/week
    1

  • Cheryl Hyman

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Craig J Duchossois

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Daniel R Ephraim

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • David L Crowell

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Douglas M Monieson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Ed Kaplan

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Efthimios J Stojka

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Eric Vassilatos

    Trustee (Through 10/17/2024)

    Total calculated
    $0
    Hours/week
    1

  • Frank Clark III

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Harold Singleton III

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Hazem Dawani

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Indira Saladi

    Trustee (As of 10/17/24)

    Total calculated
    $0
    Hours/week
    1

  • James Dugan

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • James E Cowie

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • James Gagnard

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jamshyd N Godrej

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jenny Niemann

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jimmy A Akintonde

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Joel D Krauss

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • John C Walden

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • John G Olin

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • John Krenhbiel Jr

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • John P Calamos Sr

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kaarina Koskenalusta

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Karen Klein

    Trustee (Through 2/28/2025)

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Brandenburg

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Marc R Hannah

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mark P Sexton

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mark Wallace

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Martin C Jischke

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Martin Cooper

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mayari Pritzker

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Melvin Flowers

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michael J Graff

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michael Palumbo

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Norbert O Kaiser

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Patricia M Rios-Haniger

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Patrick J Kelly

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Peter M Kelly III

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Ralph Wanger

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Richard Neil Levy

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Robert A Cornog

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Robert D Hoel

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Robert J Potter

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Robert J Washlow

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Robert Surrette

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Rohit Prasad

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • S Christopher Gladwin

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Stacey M Kacek

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Ted Koenig

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Thomas Roszak

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Victor A Morgenstern

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Victor Tsao

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Victoria L Noonan

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Amit Thomas

    VP for Human Resources and Talent Management

    Total calculated
    $216,439
    From this org
    $205,847
    From related orgs
    $0
    Other
    $10,592
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $205,458
    Bonus
    $0
    Other
    $389
    Deferred
    $10,592
    Nontaxable benefits
    $0
    Filer's total
    $216,439

  • Edwin Watts

    VP of Administration

    Total calculated
    $339,615
    From this org
    $306,420
    From related orgs
    $0
    Other
    $33,195
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $300,316
    Bonus
    $0
    Other
    $6,104
    Deferred
    $15,454
    Nontaxable benefits
    $17,741
    Filer's total
    $339,615

  • Jeremy Fine

    VP of Finance, CFO, and Treasurer

    Total calculated
    $155,232
    From this org
    $142,603
    From related orgs
    $0
    Other
    $12,629
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $142,085
    Bonus
    $0
    Other
    $518
    Deferred
    $0
    Nontaxable benefits
    $12,629
    Filer's total
    $155,232

  • Jess Goode

    Vice President, Extn'l Affairs

    Total calculated
    $256,415
    From this org
    $244,218
    From related orgs
    $0
    Other
    $12,197
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $232,790
    Bonus
    $0
    Other
    $11,428
    Deferred
    $12,197
    Nontaxable benefits
    $0
    Filer's total
    $256,415

  • Mallik Sundharam

    VP Enroll Mgmt Stud Affrs

    Total calculated
    $478,443
    From this org
    $427,000
    From related orgs
    $0
    Other
    $51,443
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $403,460
    Bonus
    $0
    Other
    $23,540
    Deferred
    $23,677
    Nontaxable benefits
    $27,766
    Filer's total
    $478,443

  • Michele Finn

    Deputy Chief Financial Officer

    Total calculated
    $100,585
    From this org
    $93,785
    From related orgs
    $0
    Other
    $6,800
    Hours/week
    38.8

  • Norma Scagnoli

    Chief Learning and Innovation Officer

    Total calculated
    $252,346
    From this org
    $220,652
    From related orgs
    $0
    Other
    $31,694
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $217,484
    Bonus
    $0
    Other
    $3,168
    Deferred
    $11,293
    Nontaxable benefits
    $20,401
    Filer's total
    $252,346

  • Sean Campbell

    Vice President of Advancement

    Total calculated
    $0
    Hours/week
    38.8

  • Sejal Vaishnav

    Chief Information Officer

    Total calculated
    $286,743
    From this org
    $271,787
    From related orgs
    $0
    Other
    $14,956
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $271,000
    Bonus
    $0
    Other
    $787
    Deferred
    $14,956
    Nontaxable benefits
    $0
    Filer's total
    $286,743

  • Walter Hazlitt

    General Counsel

    Total calculated
    $302,153
    From this org
    $258,292
    From related orgs
    $0
    Other
    $43,861
    Hours/week
    38.8 + 1 related

    Schedule J breakdown matched by us

    Base
    $255,970
    Bonus
    $0
    Other
    $2,322
    Deferred
    $13,552
    Nontaxable benefits
    $30,309
    Filer's total
    $302,153

  • Anijo Mathew

    Dean, Institute of Design

    Total calculated
    $339,442
    From this org
    $295,078
    From related orgs
    $0
    Other
    $44,364
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $294,268
    Bonus
    $0
    Other
    $810
    Deferred
    $15,881
    Nontaxable benefits
    $28,483
    Filer's total
    $339,442

  • Anita Krug

    Dean and Professor of Law

    Total calculated
    $448,373
    From this org
    $410,198
    From related orgs
    $0
    Other
    $38,175
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $357,876
    Bonus
    $50,000
    Other
    $2,322
    Deferred
    $19,499
    Nontaxable benefits
    $18,676
    Filer's total
    $448,373

  • Jennifer deWinter

    Dean/Prof Lewis College Science

    Total calculated
    $375,921
    From this org
    $355,611
    From related orgs
    $0
    Other
    $20,310
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $354,801
    Bonus
    $0
    Other
    $810
    Deferred
    $18,711
    Nontaxable benefits
    $1,599
    Filer's total
    $375,921

  • Lance Fortnow

    Professor and Dean COS

    Total calculated
    $478,636
    From this org
    $434,839
    From related orgs
    $0
    Other
    $43,797
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $381,275
    Bonus
    $50,000
    Other
    $3,564
    Deferred
    $20,767
    Nontaxable benefits
    $23,030
    Filer's total
    $478,636

  • Louis Cattafesta III

    Dean of the Armor College of Engineering

    Total calculated
    $366,662
    From this org
    $331,163
    From related orgs
    $0
    Other
    $35,499
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $303,634
    Bonus
    $23,965
    Other
    $3,564
    Deferred
    $15,098
    Nontaxable benefits
    $20,401
    Filer's total
    $366,662

  • M Krishna Erramilli

    Associate Dean and Professor

    Total calculated
    $418,553
    From this org
    $373,347
    From related orgs
    $0
    Other
    $45,206
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $324,644
    Bonus
    $42,338
    Other
    $6,365
    Deferred
    $15,787
    Nontaxable benefits
    $29,419
    Filer's total
    $418,553

  • Reed Kroloff

    Dean-Architecture, Rowe Chair

    Total calculated
    $355,822
    From this org
    $329,020
    From related orgs
    $0
    Other
    $26,802
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $302,456
    Bonus
    $0
    Other
    $26,564
    Deferred
    $17,440
    Nontaxable benefits
    $9,362
    Filer's total
    $355,822

  • Beth Campbell

    Associate VP, Principal Gifts

    Total calculated
    $365,518
    From this org
    $338,940
    From related orgs
    $0
    Other
    $26,578
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $336,618
    Bonus
    $0
    Other
    $2,322
    Deferred
    $17,216
    Nontaxable benefits
    $9,362
    Filer's total
    $365,518

  • Hamid Arastoopour

    Director, WISER/Professor

    Total calculated
    $419,083
    From this org
    $379,543
    From related orgs
    $0
    Other
    $39,540
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $349,902
    Bonus
    $0
    Other
    $29,641
    Deferred
    $19,139
    Nontaxable benefits
    $20,401
    Filer's total
    $419,083

  • Kenneth Christensen

    Provost, SVP Academic Affairs

    Total calculated
    $543,082
    From this org
    $485,098
    From related orgs
    $0
    Other
    $57,984
    Hours/week
    38.8 + 1 related

    Schedule J breakdown matched by us

    Base
    $469,856
    Bonus
    $0
    Other
    $15,242
    Deferred
    $27,675
    Nontaxable benefits
    $30,309
    Filer's total
    $543,082

  • Mohammad Shahidehpour

    Distinguished Bodine Professor

    Total calculated
    $458,652
    From this org
    $427,878
    From related orgs
    $0
    Other
    $30,774
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $421,020
    Bonus
    $0
    Other
    $6,858
    Deferred
    $20,631
    Nontaxable benefits
    $10,143
    Filer's total
    $458,652

  • Siva Balasubramanian

    Harold L. Stuart Endowed Chair

    Total calculated
    $376,911
    From this org
    $361,830
    From related orgs
    $0
    Other
    $15,081
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $308,392
    Bonus
    $25,500
    Other
    $27,938
    Deferred
    $15,081
    Nontaxable benefits
    $0
    Filer's total
    $376,911

  • Alan Cramb

    Distinguished Professor/FORMER OFFICER

    Total calculated
    $193,799
    From this org
    $176,303
    From related orgs
    $0
    Other
    $17,496
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $155,875
    Bonus
    $0
    Other
    $20,428
    Deferred
    $3,895
    Nontaxable benefits
    $13,601
    Filer's total
    $193,799

  • Angela Manning-Hardimon

    VP FINANCE /CFO/Former Officer

    Total calculated
    $135,767
    From this org
    $125,664
    From related orgs
    $0
    Other
    $10,103
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $124,890
    Bonus
    $0
    Other
    $774
    Deferred
    $0
    Nontaxable benefits
    $10,103
    Filer's total
    $135,767

  • Harold Krent

    Professor of Law/FORMER KEY EMPLOYEE

    Total calculated
    $337,145
    From this org
    $301,421
    From related orgs
    $0
    Other
    $35,724
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $273,133
    Bonus
    $0
    Other
    $28,288
    Deferred
    $16,030
    Nontaxable benefits
    $19,694
    Filer's total
    $337,145

  • Liad Wagman

    Dean, Endow Chair, Prof of Econ/Former Key Employee

    Total calculated
    $204,968
    From this org
    $194,160
    From related orgs
    $0
    Other
    $10,808
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $167,933
    Bonus
    $26,002
    Other
    $225
    Deferred
    $0
    Nontaxable benefits
    $10,808
    Filer's total
    $204,968

  • Michael Gosz

    Vice President for Data Analytics/Former Officer

    Total calculated
    $298,594
    From this org
    $266,620
    From related orgs
    $0
    Other
    $31,974
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $264,516
    Bonus
    $0
    Other
    $2,104
    Deferred
    $12,664
    Nontaxable benefits
    $19,310
    Filer's total
    $298,594

  • Michelangelo Sabatino

    Professor/FORMER KEY EMPLOYEE

    Total calculated
    $331,875
    From this org
    $296,802
    From related orgs
    $0
    Other
    $35,073
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $294,480
    Bonus
    $0
    Other
    $2,322
    Deferred
    $15,763
    Nontaxable benefits
    $19,310
    Filer's total
    $331,875

  • Natacha DePaola

    Prof of BioMedEng & Dir IDMET/FORMER KEY EMPLOYEE

    Total calculated
    $329,543
    From this org
    $284,380
    From related orgs
    $0
    Other
    $45,163
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $280,816
    Bonus
    $0
    Other
    $3,564
    Deferred
    $15,081
    Nontaxable benefits
    $30,082
    Filer's total
    $329,543

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 · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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)

Schedule J, Part I, Line 1a Health or social club dues or initiation fees
The University provided membership dues for Raj Echambadi, President to a business. The membership is a working condition fringe benefit that satisfies a business purpose under the accountable plan rule.

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.

  • IIT RESEARCH INSTITUTE

    501(c)(3) · RESEARCH · IL · controlled entity

    Directly controlled by ILLINOIS INSTITUTE OF TECHNOLOGY

Provenance

Return type
form_990
Tax year
2024
Filed
14 April 2026
IRS schema version
2024v5.1
Source object
202641049349301904

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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