Totals
- Total revenue
- $23,032,210
- Total expenses
- $27,184,523
- Contributions and grants received
- $17,886,059
- Grants paid
- $5,037,944
- Program service revenue
- $0
- Investment income
- $4,817,344
- Other revenue
- $328,807
- Total assets, end of year
- $149,886,491
- Total liabilities, end of year
- $625,914
- Net assets or fund balances, end of year
- $149,260,577
- Program services expenses (Part IX)
- $23,875,845
- Management and general expenses
- $2,916,872
- Fundraising expenses
- $391,806
- Program service expenses (Part III)
- $23,875,845
Program services were 87.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$823,407
-
1f · All other contributions, gifts and grants
$17,062,652
-
1g · Noncash contributions included above
$756,926
-
3 · Investment income
total $4,063,771 · excluded $4,063,771
-
5 · Royalties
total $19,148 · excluded $19,148
-
6a · Gross rents
real property $326,905
-
6b · Less rental expenses
real property $119,380
-
6c · Rental income or loss
real property $207,525
-
6d · Net rental income or loss
total $207,525 · excluded $207,525
-
7a · Gross sales of assets other than inventory
securities $468,796,539
-
7b · Less cost or other basis and sales expenses
securities $468,042,966
-
7c · Gain or loss
securities $753,573
-
7d · Net gain or loss
total $753,573 · excluded $753,573
-
8a · Fundraising events: gross income
$203,732
-
8a · Fundraising events: contributions included on line 1c
$823,407
-
8b · Fundraising events: direct expenses
$531,849
-
8c · Net income from fundraising events
total -$328,117 · excluded -$328,117
-
11a · Other revenue: VENDING INCOME
total $327,873 · excluded $327,873
-
11d · All other revenue
total $102,378 · excluded $102,378
-
11e · Other revenue, total
$430,251
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $5,037,944 · program services $5,037,944
-
11c · Fees: accounting
total $97,500 · management and general $97,500
-
11e · Fees: professional fundraising services
total $110,920 · fundraising $110,920
-
11f · Fees: investment management
total $112,859 · management and general $112,859
-
11g · Fees: other
total $665,792 · program services $525,571 · management and general $134,899 · fundraising $5,322
-
12 · Advertising and promotion
total $329,720 · program services $215,692 · management and general $6,702 · fundraising $107,326
-
13 · Office expenses
total $328,251 · program services $945 · management and general $324,447 · fundraising $2,859
-
17 · Travel
total $84,580 · program services $84,159 · management and general $90 · fundraising $331
-
18 · Travel or entertainment for public officials
total $377 · program services $377
-
20 · Interest
total $205,650 · program services $205,650
-
22 · Depreciation, depletion and amortization
total $217,523 · management and general $217,523
-
24a · Other expenses: SPECIAL PROGRAMS
total $11,906,852 · program services $11,906,852
-
24b · Other expenses: INSTRUCTION SUPPLIES AN
total $2,938,323 · program services $2,865,293 · management and general $40,457 · fundraising $32,573
-
24c · Other expenses: ADMINISTRATIVE EXPENSE
total $1,496,167 · management and general $1,496,167
-
24d · Other expenses: GENERAL ASSISTANCE TO C
total $1,254,928 · program services $1,027,971 · management and general $205,039 · fundraising $21,918
-
24e · All other expenses
total $2,397,137 · program services $2,005,391 · management and general $281,189 · fundraising $110,557
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $354,992 · end of year $485,338
-
2 · Savings and temporary cash investments
beginning of year $2,911,071 · end of year $3,309,108
-
3 · Pledges and grants receivable
beginning of year $26,549,234 · end of year $23,081,009
-
10a · Land, buildings and equipment: cost or other basis
$5,565,633
-
10b · Land, buildings and equipment: accumulated depreciation
$2,707,391
-
10c · Land, buildings and equipment, net
beginning of year $3,267,924 · end of year $2,858,242
-
11 · Investments: publicly traded securities
beginning of year $96,041,373 · end of year $100,217,786
-
12 · Investments: other securities
beginning of year $8,210,184 · end of year $9,492,858
-
15 · Other assets
beginning of year $10,442,150 · end of year $10,442,150
-
17 · Accounts payable and accrued expenses
beginning of year $26,006 · end of year $237,897
-
19 · Deferred revenue
beginning of year $75,453
-
23 · Secured mortgages and notes payable
beginning of year $180,124 · end of year $92,754
-
25 · Other liabilities
beginning of year $299,259 · end of year $295,263
-
27 · Net assets without donor restrictions
beginning of year $16,917,161 · end of year $28,116,838
-
28 · Net assets with donor restrictions
beginning of year $130,278,925 · end of year $121,143,739
Mission and programs · 2023
Mission
TO RECEIVE, HOLD, INVEST AND ADMINISTER PROPERTY; AND TO SOLICIT AND RECEIVE CONTRIBUTIONS; AND TO MAKE EXPENDITURES TO OR FOR THE BENEFIT OF IVY TECH COMMUNITY COLLEGE.
-
SOLICITING, RECEIVING, ADMINISTERING AND DISTRIBUTING DONATIONS FOR FINANCIAL AID FOR STUDENTS ATTENDING IVY TECH COMMUNITY COLLEGE
Expenses $5,037,944 · Grants $5,037,944
-
COLLEGE, FACILITIES AND EQUIPMENT, AND REAL ESTATE MANAGEMENT
Expenses $2,525,774
-
PROVIDING SUPPORT FOR SPECIAL, INNOVATIVE PROGRAMS OF IVY TECH COMMUNITY COLLEGE.
Expenses $11,906,852
-
HELPING FUND OTHER PROGRAM EXPENDITURES FOR IVY TECH COMMUNITY COLLEGE OF INDIANA, INCLUDING FACULTY AND STAFF DEVELOPMENT, EMPLOYEE RECOGNITION, AND COMMUNITY OUTREACH EXPENDITURES.
Expenses $4,405,275
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
SUE ELLSPERMANN
PRESIDENT, COLLEGE
- Total calculated
- $621,082
- From this org
- $0
- From related orgs
- $504,891
- Other
- $116,191
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- $0 + $443,203 related
- Bonus
- $0
- Other
- $0 + $61,688 related
- Deferred
- $0 + $105,569 related
- Nontaxable benefits
- $0 + $10,622 related
- Filer's total
- $0 + $621,082 related
-
LAUREN SALERNO
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 2
-
VINCENT VIVEROS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
BRIAN STATER
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
SCOTT MILLER
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
A H SCHUMAKER II
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
ALISA HECIMOVICH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
ALPA PATEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
BRIAN STATZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
CATHERINE HOFFMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
CELESTE CALVITTO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
CINDY KINNARNEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
CONNIE FERGUSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
CONSTANCE BROWN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
DAVID GOODMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
DONNA PFEIL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
GLEN MUEHLBAUER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
HEATHER SCHOEGLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
J MICHAEL JARVIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
JAMES GOTHARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
JAMES ORBIK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
JENNIFER HINDMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
JESSE BRAND
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
JODI ENGELSTAD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
JOSH PETERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
KEITH O'NEAL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
KEVIN AHAUS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
KIM EMMERT-O'DELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
LARRY SMITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
LEO BRADDOCK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
LORI DANIELSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
LU PORTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
MAMON POWERS III
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
MARCUS HESTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
MELISSA PROFFITT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
MIKE HARMLESS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
NANCY RHODES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
PAUL PERKINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
PAULA HEIDERMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
PAULA HUGHES-SCHUH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
PHIL BANE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
REBECCA KUBACKI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
RONALD FAUQUHER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
SALLY DEVOE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
SCOTT KLEPPE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
SCOTT WALLSMITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
STEVEN SCHRECKENGAST
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
TERRY ANKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
THOMAS MARCUCCILLI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
WILLIAM GUTZWILLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
BECKY MILLER
VICE PRESIDENT
- Total calculated
- $237,064
- From this org
- $0
- From related orgs
- $201,356
- Other
- $35,708
- Hours/week
- 38 + 2 related
Schedule J breakdown matched by us
- Base
- $0 + $164,768 related
- Bonus
- $0
- Other
- $0 + $36,588 related
- Deferred
- $0 + $25,232 related
- Nontaxable benefits
- $0 + $10,476 related
- Filer's total
- $0 + $237,064 related
-
THOMAS SKIDMORE
ASSISTANT TREASURER
- Total calculated
- $271,130
- From this org
- $0
- From related orgs
- $223,565
- Other
- $47,565
- Hours/week
- 38 + 2 related
Schedule J breakdown matched by us
- Base
- $0 + $165,950 related
- Bonus
- $0
- Other
- $0 + $57,615 related
- Deferred
- $0 + $26,104 related
- Nontaxable benefits
- $0 + $21,461 related
- Filer's total
- $0 + $271,130 related
-
ANNETTE FLICKINGER
ASSISTANT SECRETARY
- Total calculated
- $159,036
- From this org
- $0
- From related orgs
- $124,913
- Other
- $34,123
- Hours/week
- 38 + 2 related
Schedule J breakdown matched by us
- Base
- $0 + $123,365 related
- Bonus
- $0
- Other
- $0 + $1,548 related
- Deferred
- $0 + $15,255 related
- Nontaxable benefits
- $0 + $18,868 related
- Filer's total
- $0 + $159,036 related
-
BRIAN THOMAS
AVP - GRANT DEVELOPMENT
- Total calculated
- $146,734
- From this org
- $0
- From related orgs
- $114,758
- Other
- $31,976
- Hours/week
- 38 + 2 related
-
COURTNEY ROBERTS
PRESIDENT, FOUNDATION
- Total calculated
- $404,373
- From this org
- $0
- From related orgs
- $375,300
- Other
- $29,073
- Hours/week
- 38 + 2 related
Schedule J breakdown matched by us
- Base
- $0 + $287,311 related
- Bonus
- $0
- Other
- $0 + $87,989 related
- Deferred
- $0 + $28,710 related
- Nontaxable benefits
- $0 + $363 related
- Filer's total
- $0 + $404,373 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, and on a Form 990-PF Part VIII's — 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
None.
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 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
-
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
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
COMMUNITY ENTERPRISES PROPERTIES LLC
REAL ESTATE HOLDING · IN · income $380,031 · assets $1,755,181
Directly controlled by IVY TECH FOUNDATION INC
-
LOAN FUND · IN · income $113,684 · assets $10,878,885
Directly controlled by IVY TECH FOUNDATION INC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
C · INVESTMENTS · IN · 100% owned · share of income -$1,700 · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443199349313729
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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