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Nonprofiteer
← ILLINOIS INSTITUTE OF TECHNOLOGY

Form 990 for tax year 2022

Filed by ILLINOIS INSTITUTE OF TECHNOLOGY.

Totals

Total revenue
$364,483,065
Total expenses
$419,688,712
Contributions and grants received
$64,715,384
Grants paid
$139,862,832
Program services expenses (Part IX)
$352,492,309
Management and general expenses
$56,095,767
Fundraising expenses
$11,100,636
Program service expenses (Part III)
$352,492,309

Program services were 84.0% 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
    $1,041,551
    From this org
    $987,839
    From related orgs
    $0
    Other
    $53,712
    Hours/week
    38.8 + 1 related

    Schedule J breakdown matched by us

    Base
    $766,097
    Bonus
    $200,000
    Other
    $21,742
    Deferred
    $27,450
    Nontaxable benefits
    $26,262
    Filer's total
    $1,041,551

  • 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

  • Bryan R Dunn

    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

    Total calculated
    $0
    Hours/week
    1

  • Carter H Eckert

    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 J Vitale

    Partial Year 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

  • Edward L Kaplan

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Efthimios J Stojka

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Eric C Larson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Eric G Vassilatos

    Trustee

    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

  • 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 Krehbiel Jr

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • John P Calamos Sr

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • John W Rowe

    Partial Year Trustee

    Total calculated
    $0
    Hours/week
    1

  • Judson B Althoff

    Partial Year Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kaarina Koskenalusta

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Karen R Klein

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Brandenburg

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kevin W Willer

    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

  • 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

  • Pallavi Verma

    Partial Year 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

  • Rosemarie Mitchell

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • S Christopher Gladwin

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Sherrie B Littlejohn

    Partial Year Trustee

    Total calculated
    $0
    Hours/week
    1

  • Stacey M Kacek

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Stephen C Urrutia

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Stephen p Keogh

    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

    Partial Year Trustee

    Total calculated
    $0
    Hours/week
    1

  • Victoria L Noonan

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Angela Manning-Hardimon

    VP Finance /CFO

    Total calculated
    $152,349
    From this org
    $141,406
    From related orgs
    $0
    Other
    $10,943
    Hours/week
    38.8 + 1 related

    Schedule J breakdown matched by us

    Base
    $140,888
    Bonus
    $0
    Other
    $518
    Deferred
    $0
    Nontaxable benefits
    $10,943
    Filer's total
    $152,349

  • Darsh Wasan

    Distinguished Professor,ChBE

    Total calculated
    $218,965
    From this org
    $189,858
    From related orgs
    $0
    Other
    $29,107
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $187,798
    Bonus
    $0
    Other
    $2,060
    Deferred
    $17,438
    Nontaxable benefits
    $11,669
    Filer's total
    $218,965

  • Edwin Watts

    VP of Administration

    Total calculated
    $325,508
    From this org
    $298,744
    From related orgs
    $0
    Other
    $26,764
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $295,180
    Bonus
    $0
    Other
    $3,564
    Deferred
    $26,764
    Nontaxable benefits
    $0
    Filer's total
    $325,508

  • Ernest Iseminger

    Vice President

    Total calculated
    $473,971
    From this org
    $430,345
    From related orgs
    $0
    Other
    $43,626
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $321,819
    Bonus
    $85,704
    Other
    $22,822
    Deferred
    $27,450
    Nontaxable benefits
    $16,176
    Filer's total
    $473,971

  • Hilary Hudson Hosek

    Vice President & Chief People Officer

    Total calculated
    $236,286
    From this org
    $214,767
    From related orgs
    $0
    Other
    $21,519
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $213,712
    Bonus
    $0
    Other
    $1,055
    Deferred
    $19,748
    Nontaxable benefits
    $1,771
    Filer's total
    $236,286

  • Jess Goode

    Vice President, Extn'l Affairs

    Total calculated
    $257,240
    From this org
    $236,062
    From related orgs
    $0
    Other
    $21,178
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $235,305
    Bonus
    $0
    Other
    $757
    Deferred
    $21,178
    Nontaxable benefits
    $0
    Filer's total
    $257,240

  • Kenneth Christensen

    Provost, SVP Academic Affairs

    Total calculated
    $444,625
    From this org
    $390,913
    From related orgs
    $0
    Other
    $53,712
    Hours/week
    38.8 + 1 related

    Schedule J breakdown matched by us

    Base
    $376,803
    Bonus
    $0
    Other
    $14,110
    Deferred
    $27,450
    Nontaxable benefits
    $26,262
    Filer's total
    $444,625

  • Mallik Sundharam

    VP Enroll Mgmt Stud Affrs

    Total calculated
    $268,840
    From this org
    $247,729
    From related orgs
    $0
    Other
    $21,111
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $167,004
    Bonus
    $60,000
    Other
    $20,725
    Deferred
    $9,073
    Nontaxable benefits
    $12,038
    Filer's total
    $268,840

  • Michael Gosz

    VP, Enrlmt/Vice Prov/AssocProf

    Total calculated
    $344,579
    From this org
    $300,525
    From related orgs
    $0
    Other
    $44,054
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $298,203
    Bonus
    $0
    Other
    $2,322
    Deferred
    $27,450
    Nontaxable benefits
    $16,604
    Filer's total
    $344,579

  • Ophir Trigalo

    Vice Provost, CIO

    Total calculated
    $340,868
    From this org
    $295,945
    From related orgs
    $0
    Other
    $44,923
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $292,381
    Bonus
    $0
    Other
    $3,564
    Deferred
    $27,265
    Nontaxable benefits
    $17,658
    Filer's total
    $340,868

  • Peter Kilpatrick

    Provost, SVP Academic Affairs

    Total calculated
    $274,842
    From this org
    $243,143
    From related orgs
    $0
    Other
    $31,699
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $228,892
    Bonus
    $0
    Other
    $14,251
    Deferred
    $22,263
    Nontaxable benefits
    $9,436
    Filer's total
    $274,842

  • Walter Hazlitt

    General Counsel

    Total calculated
    $269,449
    From this org
    $222,127
    From related orgs
    $0
    Other
    $47,322
    Hours/week
    38.8 + 1 related

    Schedule J breakdown matched by us

    Base
    $220,973
    Bonus
    $0
    Other
    $1,154
    Deferred
    $21,060
    Nontaxable benefits
    $26,262
    Filer's total
    $269,449

  • Anita Krug

    Dean and Professor of Law

    Total calculated
    $397,667
    From this org
    $354,041
    From related orgs
    $0
    Other
    $43,626
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $352,799
    Bonus
    $0
    Other
    $1,242
    Deferred
    $27,450
    Nontaxable benefits
    $16,176
    Filer's total
    $397,667

  • John Bilson

    Professor Emeritus of Finance

    Total calculated
    $592,966
    From this org
    $573,559
    From related orgs
    $0
    Other
    $19,407
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $571,077
    Bonus
    $0
    Other
    $2,482
    Deferred
    $12,114
    Nontaxable benefits
    $7,293
    Filer's total
    $592,966

  • Lance Fortnow

    Professor and Dean COS

    Total calculated
    $421,778
    From this org
    $375,314
    From related orgs
    $0
    Other
    $46,464
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $372,992
    Bonus
    $0
    Other
    $2,322
    Deferred
    $27,450
    Nontaxable benefits
    $19,014
    Filer's total
    $421,778

  • Liad Wagman

    Dean Stuart School of Business

    Total calculated
    $390,621
    From this org
    $339,967
    From related orgs
    $0
    Other
    $50,654
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $329,458
    Bonus
    $10,000
    Other
    $509
    Deferred
    $27,450
    Nontaxable benefits
    $23,204
    Filer's total
    $390,621

  • Reed Kroloff

    Dean-Architecture, Rowe Chair

    Total calculated
    $356,139
    From this org
    $320,578
    From related orgs
    $0
    Other
    $35,561
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $296,514
    Bonus
    $0
    Other
    $24,064
    Deferred
    $27,450
    Nontaxable benefits
    $8,111
    Filer's total
    $356,139

  • Candace Wark

    Professor Emerita of Mech and Aerospace Eng

    Total calculated
    $396,167
    From this org
    $383,860
    From related orgs
    $0
    Other
    $12,307
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $383,071
    Bonus
    $0
    Other
    $789
    Deferred
    $8,653
    Nontaxable benefits
    $3,654
    Filer's total
    $396,167

  • David Arditi

    Professor Emeritus of Civil/Arch Eng

    Total calculated
    $377,088
    From this org
    $361,602
    From related orgs
    $0
    Other
    $15,486
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $361,262
    Bonus
    $0
    Other
    $340
    Deferred
    $8,193
    Nontaxable benefits
    $7,293
    Filer's total
    $377,088

  • David Mogul

    Professor Emeritus of Biomedical Eng

    Total calculated
    $393,528
    From this org
    $377,706
    From related orgs
    $0
    Other
    $15,822
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $376,214
    Bonus
    $0
    Other
    $1,492
    Deferred
    $8,529
    Nontaxable benefits
    $7,293
    Filer's total
    $393,528

  • Miles Wernick

    Motorola Professor/Dir. Md Img

    Total calculated
    $573,230
    From this org
    $561,433
    From related orgs
    $0
    Other
    $11,797
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $560,040
    Bonus
    $0
    Other
    $1,393
    Deferred
    $11,797
    Nontaxable benefits
    $0
    Filer's total
    $573,230

  • Mohammad Shahidehpour

    Distinguished Bodine Professor

    Total calculated
    $453,610
    From this org
    $415,951
    From related orgs
    $0
    Other
    $37,659
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $409,184
    Bonus
    $0
    Other
    $6,767
    Deferred
    $27,450
    Nontaxable benefits
    $10,209
    Filer's total
    $453,610

  • Alan Cramb

    Distinguished Professor & Former Officer

    Total calculated
    $354,647
    From this org
    $300,935
    From related orgs
    $0
    Other
    $53,712
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $275,131
    Bonus
    $0
    Other
    $25,804
    Deferred
    $27,450
    Nontaxable benefits
    $26,262
    Filer's total
    $354,647

  • Harold Krent

    Prof of Law & Former Key Employee

    Total calculated
    $317,431
    From this org
    $275,248
    From related orgs
    $0
    Other
    $42,183
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $249,566
    Bonus
    $0
    Other
    $25,682
    Deferred
    $25,195
    Nontaxable benefits
    $16,988
    Filer's total
    $317,431

  • Michelangelo Sabatino

    Prof/Dir Phd Program Arch/Former Key Empl

    Total calculated
    $313,695
    From this org
    $271,968
    From related orgs
    $0
    Other
    $41,727
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $270,726
    Bonus
    $0
    Other
    $1,242
    Deferred
    $25,123
    Nontaxable benefits
    $16,604
    Filer's total
    $313,695

  • Natacha DePaola

    Prof of BioMedEng & Dir IDMET/Former Key Empl

    Total calculated
    $328,124
    From this org
    $276,676
    From related orgs
    $0
    Other
    $51,448
    Hours/week
    38.8

    Schedule J breakdown matched by us

    Base
    $264,570
    Bonus
    $0
    Other
    $12,106
    Deferred
    $25,413
    Nontaxable benefits
    $26,035
    Filer's total
    $328,124

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, and Ken Christensen Provost, to one business and one civic organization. These memberships are working condition fringe benefits that satisfied 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
2022
Filed
15 April 2024
IRS schema version
2022v5.0
Source object
202441069349301904

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

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