Form 990 for tax year 2023

Filed by ILLINOIS INSTITUTE OF TECHNOLOGY.

Totals

Total revenue: $444,012,183
Total expenses: $442,451,875
Contributions and grants received: $95,375,804
Grants paid: $158,523,565
Program service revenue: $347,523,315
Investment income: $65,596
Other revenue: $1,047,468
Total assets, end of year: $724,517,274
Total liabilities, end of year: $293,568,354
Net assets or fund balances, end of year: $430,948,920
Program services expenses (Part IX): $374,253,335
Management and general expenses: $57,895,145
Fundraising expenses: $10,303,395
Program service expenses (Part III): $374,253,335

Program services were 84.6% 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

$9,050
1e · Government grants (contributions)

$49,427,322
1f · All other contributions, gifts and grants

$45,939,432
1g · Noncash contributions included above

$12,815,440
2a · Program service revenue: Tuition and Fees

total $311,513,097 · related or exempt $311,513,097
2b · Program service revenue: Sales/Services of Auxiliary Enterprises

total $18,797,318 · related or exempt $18,554,121 · unrelated business $243,197
2c · Program service revenue: Student Services

total $15,951,990 · related or exempt $15,951,990
2d · Program service revenue: Equity interest on IITRI

total $1,260,910 · related or exempt $1,260,910
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $2,015,772 · unrelated business -$160,647 · excluded $2,176,419
6a · Gross rents

real property $1,077,817
6b · Less rental expenses

real property $33,068
6c · Rental income or loss

real property $1,044,749 · personal property $0
6d · Net rental income or loss

total $1,044,749 · excluded $1,044,749
7a · Gross sales of assets other than inventory

securities $205,537,000
7b · Less cost or other basis and sales expenses

securities $207,487,176
7c · Gain or loss

securities -$1,950,176 · other assets $0
7d · Net gain or loss

total -$1,950,176 · excluded -$1,950,176
8a · Fundraising events: gross income

$21,400
8a · Fundraising events: contributions included on line 1c

$9,050
8b · Fundraising events: direct expenses

$18,681
8c · Net income from fundraising events

total $2,719 · excluded $2,719
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $158,523,565 · program services $158,523,565
5 · Compensation of officers, directors and key employees

total $7,021,847 · program services $2,808,739 · management and general $2,106,554 · fundraising $2,106,554
6 · Compensation of disqualified persons

total $1,251,702 · program services $500,681 · management and general $375,510 · fundraising $375,511
7 · Other salaries and wages

total $126,506,390 · program services $105,211,100 · management and general $16,113,388 · fundraising $5,181,902
8 · Pension plan contributions

total $406,483 · program services $265,872 · management and general $111,376 · fundraising $29,235
9 · Other employee benefits

total $13,102,660 · program services $8,570,170 · management and general $3,590,129 · fundraising $942,361
10 · Payroll taxes

total $7,793,328 · program services $5,097,449 · management and general $2,135,372 · fundraising $560,507
11b · Fees: legal

total $812,159 · program services $106,160 · management and general $705,999
11c · Fees: accounting

total $416,481 · management and general $416,481
11d · Fees: lobbying

total $117,074 · management and general $117,074
11e · Fees: professional fundraising services

total $204,680 · fundraising $204,680
11f · Fees: investment management

total $930,035 · management and general $930,035
11g · Fees: other

total $22,786,515 · program services $15,580,950 · management and general $7,205,565 · fundraising $0
12 · Advertising and promotion

total $2,366,439 · program services $1,355,709 · management and general $1,010,730
13 · Office expenses

total $30,729,928 · program services $30,635,827 · management and general $70,196 · fundraising $23,905
14 · Information technology

total $3,078,594 · program services $28,239 · management and general $3,050,355
16 · Occupancy

total $27,393,205 · program services $19,100,411 · management and general $8,292,794
17 · Travel

total $3,615,615 · program services $2,359,108 · management and general $382,544 · fundraising $873,963
19 · Conferences, conventions and meetings

total $3,816,020 · program services $3,360,305 · management and general $450,938 · fundraising $4,777
20 · Interest

total $9,993,080 · program services $6,830,310 · management and general $3,162,770
22 · Depreciation, depletion and amortization

total $20,363,820 · program services $13,918,740 · management and general $6,445,080
23 · Insurance

total $1,222,255 · management and general $1,222,255
24e · All other expenses

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $5,087,250 · end of year $4,928,302
2 · Savings and temporary cash investments

beginning of year $1,047,000 · end of year $9,291,691
3 · Pledges and grants receivable

beginning of year $16,981,594 · end of year $24,166,254
4 · Accounts receivable

beginning of year $14,190,452 · end of year $17,992,598
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $3,491,956 · end of year $2,757,335
9 · Prepaid expenses and deferred charges

beginning of year $5,871,227 · end of year $5,512,764
10a · Land, buildings and equipment: cost or other basis

$674,417,319
10b · Land, buildings and equipment: accumulated depreciation

$361,769,083
10c · Land, buildings and equipment, net

beginning of year $325,479,139 · end of year $312,648,236
11 · Investments: publicly traded securities

beginning of year $244,046,910 · end of year $256,082,730
12 · Investments: other securities

beginning of year $12,260,000 · end of year $10,570,000
13 · Investments: program-related

beginning of year $28,688,303 · end of year $29,949,266
15 · Other assets

beginning of year $49,324,645 · end of year $50,618,098
17 · Accounts payable and accrued expenses

beginning of year $37,923,947 · end of year $40,087,695
19 · Deferred revenue

beginning of year $18,899,479 · end of year $15,521,224
20 · Tax-exempt bond liabilities

beginning of year $147,756,000 · end of year $142,680,000
22 · Loans and payables to officers and key people

beginning of year $20,000,000 · end of year $20,000,000
23 · Secured mortgages and notes payable

beginning of year $44,725,000 · end of year $44,725,000
25 · Other liabilities

beginning of year $34,244,857 · end of year $30,554,435
27 · Net assets without donor restrictions

beginning of year $140,710,045 · end of year $145,970,220
28 · Net assets with donor restrictions

beginning of year $262,209,148 · end of year $284,978,700

Mission and programs · 2023

Mission

TO PROVIDE DISTINCTIVE AND RELEVANT EDUCATION IN AN ENVIRONMENT OF SCIENTIFIC, TECHNOLOGICAL, AND PROFESSIONAL KNOWLEDGE CREATION AND INNOVATION.

INSTRUCTION SUPPORT:- Illinois Institute of Technology's (IIT) seven colleges allow students to discover new frontiers in engineering, science, architecture, business, design, human sciences, applied technology, and law. The school's nationally ranked undergraduate and graduate programs offer exceptional preparation for professions that require technological sophistication, an innovative mindset, and an entrepreneurial spirit. The University's emphasis on collaboration and interdisciplinary study and research will prepare students to work across traditional boundaries and to experience a professional future where success knows no limits. The University's research is the hallmark of our culture of excellence. Our faculty, students, and staff are leading bold research and discovery in fields where technology and innovation are creating significant, meaningful change. We are contributing to advances in computation and data, energy and sustainability, deep science and engineering, health and wellness, social justice, and urban futures. Throughout our colleges, and research institutes and centers, IIT's researchers are conducting research that matters in our everyday lives. Illinois Tech is one of 14 centers collaborating on a new nationwide nutrition study that will help advance the development of personalized nutrition plans. Another research project is aimed at finding ways to reduce wasted food nationally. Since 1995, the University's signature Interprofessional Projects Program (IPRO) joins together students from various academic disciplines to work as a team to tackle real-world problems, often on behalf of companies and nonprofits that sponsor the projects, using design-centered methodology and innovative thinking. A required academic program, IPRO teaches leadership, creativity, teamwork, design thinking, and project management to prepare students to succeed in a professional work environment. IPRO student teams have explored a range of ambitious topics. These include developing a platform for safe drug disposal, designing a net-zero community, harvesting condensate from HVAC systems to create drinking water for humans, and hundreds more. Every idea needs fuel to be successful. IIT's Idea Shop helps to ignite ideas with cutting-edge tools to enable students to transform their designs, products, and inventions into reality. In this state-of-the-art, rapid-prototyping lab, full-time staff and a diverse group of student workers advise users on equipment use, mechanical and electrical design, embedded systems programming, and much more. As a campus wide resource, students can use the Idea Shop for a class, research project, or their own personal endeavor. Under the College of Architecture is the university's award-winning Design/Build studios that allow students to design and construct full-scale buildings, fulfilling the notion of a "hands-on" education. The college emphasizes applied studio work under the instruction of practicing architects; the study of architectural theory; interdisciplinary learning; digital technologies; sustainability; design/build; and international study. Instruction supports over 50 plus academic majors and special degree programs and more than 70 minors and is made up of almost 8,600 students, including 3,316 undergraduates, 4,272 graduate, 710 law, and 267 students in certificate/non-degree or continuing education programs. The University offered and awarded 597 bachelor, 1,730 master, 235 J.D., and 77 Ph.D. degrees during the 2024 academic year.

Expenses $269,209,099 · Grants $158,523,565 · Revenue $261,841,559
RESEARCH:- Research is the hallmark of our culture of excellence. Our faculty, students, and staff are leading bold research and discovery in fields where technology and innovation are creating significant, meaningful change. Our researchers are conducting research that matters in our everyday lives. We are contributing to advances in computation and data, health and wellness, and urban futures. Throughout our colleges and research centers, and in topics as varied as energy, theoretical physics, and social justice, our research reflects our commitment to scientific, technological, and professional knowledge creation and innovation. Research awards received in fiscal year 2024 were $50.2 million. The University received awards in the areas of science, engineering, technology, mathematics, and food safety, all of which are synergistic with the strategic plan. Notably, the Electrical and Computer Engineering Department received 22 awards totaling $2.3 million and the Computer Science Department also received 36 awards for $4.1 million. The Biomedical Engineering Department received 16 awards for $1.7 million, Mechanical Material and Aerospace Engineering 45 awards totaling $7.2 million, Physics Department 35 awards totaling $3.8 million and the Department of Psychology 11 awards for $2.4 million. In addition, the National Center for Food Safety and Technology received 14 awards totaling $3.3 million and the Biology Department was granted 14 awards for $3.1 million.

Expenses $55,715,108 · Revenue $49,269,896
STUDENT SERVICES:- This program provides health, academic, career services, transitional assistance, student orientation, and other student services including the student finance center, admissions, and registration.

Expenses $20,153,366 · Revenue $6,597,848
AUXILIARY SERVICES:- This provides for campus housing and dining for the students and includes residence halls and a dining room, apartment-style buildings, eight fraternity houses, and two sorority houses.

Expenses $19,295,178 · Revenue $18,789,213
ACADEMIC SUPPORT:- IIT provides students with the information skills to compete in today's challenging and rapidly changing environment through its several libraries and academic computing centers allowing students access to terminals. In addition, the Academic Resource Center office offers several programs that provide peer tutoring, exam reviews, advising, and counseling.

Expenses $9,880,584 · Revenue $11,024,799

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

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

$855,831

From this org

$805,255

From related orgs

$0

Other

$50,576

Hours/week

38.8 + 1 related

Schedule J breakdown matched by us

Base

$780,433

Bonus

$0

Other

$24,822

Deferred

$24,480

Nontaxable benefits

$26,096

Filer's total

$855,831
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

Partial Year 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

Partial Year Trustee

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
Edward L Kaplan

Trustee

Total calculated

$0

Hours/week

1
Efthimios J Stojka

Trustee

Total calculated

$0

Hours/week

1
Eric C Larson

Partial Year Trustee

Total calculated

$0

Hours/week

1
Eric G Vassilatos

Partial Year 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 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 R Klein

Trustee

Total calculated

$0

Hours/week

1
Kathleen Brandenburg

Trustee

Total calculated

$0

Hours/week

1
Kevin W Willer

Partial Year 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
Rosemarie Mitchell

Partial Year 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
Stephen C Urrutia

Partial Year Trustee

Total calculated

$0

Hours/week

1
Stephen p Keogh

Partial Year 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
Angela Manning-Hardimon

VP Finance /CFO

Total calculated

$331,764

From this org

$305,669

From related orgs

$0

Other

$26,095

Hours/week

38.8 + 1 related

Schedule J breakdown matched by us

Base

$304,427

Bonus

$0

Other

$1,242

Deferred

$0

Nontaxable benefits

$26,095

Filer's total

$331,764
Beth Campbell

Interim VP of Advancement

Total calculated

$278,356

From this org

$262,938

From related orgs

$0

Other

$15,418

Hours/week

38.8

Schedule J breakdown matched by us

Base

$260,720

Bonus

$0

Other

$2,218

Deferred

$7,358

Nontaxable benefits

$8,060

Filer's total

$278,356
Edwin Watts

VP of Administration

Total calculated

$327,170

From this org

$308,296

From related orgs

$0

Other

$18,874

Hours/week

38.8

Schedule J breakdown matched by us

Base

$301,438

Bonus

$0

Other

$6,858

Deferred

$9,574

Nontaxable benefits

$9,300

Filer's total

$327,170
Ernest Iseminger

Vice President

Total calculated

$552,684

From this org

$527,573

From related orgs

$0

Other

$25,111

Hours/week

38.8

Schedule J breakdown matched by us

Base

$329,805

Bonus

$0

Other

$197,768

Deferred

$12,387

Nontaxable benefits

$12,724

Filer's total

$552,684
Hilary Hudson Hosek

VP & Chief People Officer

Total calculated

$268,522

From this org

$259,274

From related orgs

$0

Other

$9,248

Hours/week

38.8

Schedule J breakdown matched by us

Base

$258,087

Bonus

$0

Other

$1,187

Deferred

$7,477

Nontaxable benefits

$1,771

Filer's total

$268,522
Jess Goode

Vice President, Extn'l Affairs

Total calculated

$251,210

From this org

$243,652

From related orgs

$0

Other

$7,558

Hours/week

38.8

Schedule J breakdown matched by us

Base

$242,865

Bonus

$0

Other

$787

Deferred

$7,558

Nontaxable benefits

$0

Filer's total

$251,210
Kenneth Christensen

Provost, SVP Academic Affairs

Total calculated

$469,655

From this org

$430,809

From related orgs

$0

Other

$38,846

Hours/week

38.8 + 1 related

Schedule J breakdown matched by us

Base

$415,567

Bonus

$0

Other

$15,242

Deferred

$12,750

Nontaxable benefits

$26,096

Filer's total

$469,655
Mallik Sundharam

VP Enroll Mgmt Stud Affrs

Total calculated

$423,291

From this org

$386,905

From related orgs

$0

Other

$36,386

Hours/week

38.8

Schedule J breakdown matched by us

Base

$363,865

Bonus

$0

Other

$23,040

Deferred

$12,462

Nontaxable benefits

$23,924

Filer's total

$423,291
Michael Gosz

Vice President for Data Analytics

Total calculated

$334,470

From this org

$308,560

From related orgs

$0

Other

$25,910

Hours/week

38.8

Schedule J breakdown matched by us

Base

$304,427

Bonus

$1,811

Other

$2,322

Deferred

$9,419

Nontaxable benefits

$16,491

Filer's total

$334,470
Ophir Trigalo

Vice Provost, CIO

Total calculated

$506,700

From this org

$484,626

From related orgs

$0

Other

$22,074

Hours/week

38.8

Schedule J breakdown matched by us

Base

$249,453

Bonus

$0

Other

$235,173

Deferred

$9,646

Nontaxable benefits

$12,428

Filer's total

$506,700
Walter Hazlitt

General Counsel

Total calculated

$260,249

From this org

$226,721

From related orgs

$0

Other

$33,528

Hours/week

38.8 + 1 related

Schedule J breakdown matched by us

Base

$225,540

Bonus

$0

Other

$1,181

Deferred

$7,433

Nontaxable benefits

$26,095

Filer's total

$260,249
Anijo Mathew

Dean, Institute of Design

Total calculated

$324,319

From this org

$291,745

From related orgs

$0

Other

$32,574

Hours/week

38.8

Schedule J breakdown matched by us

Base

$275,935

Bonus

$15,000

Other

$810

Deferred

$8,250

Nontaxable benefits

$24,324

Filer's total

$324,319
Anita Krug

Dean and Professor of Law

Total calculated

$389,829

From this org

$362,624

From related orgs

$0

Other

$27,205

Hours/week

38.8

Schedule J breakdown matched by us

Base

$359,242

Bonus

$2,140

Other

$1,242

Deferred

$11,132

Nontaxable benefits

$16,073

Filer's total

$389,829
Jennifer deWinter

Dean/Prof Lewis College Science

Total calculated

$369,968

From this org

$357,732

From related orgs

$0

Other

$12,236

Hours/week

38.8

Schedule J breakdown matched by us

Base

$354,856

Bonus

$2,066

Other

$810

Deferred

$10,692

Nontaxable benefits

$1,544

Filer's total

$369,968
Lance Fortnow

Professor and Dean COS

Total calculated

$420,286

From this org

$384,723

From related orgs

$0

Other

$35,563

Hours/week

38.8

Schedule J breakdown matched by us

Base

$381,159

Bonus

$0

Other

$3,564

Deferred

$11,867

Nontaxable benefits

$23,696

Filer's total

$420,286
Liad Wagman

Dean, Endow Chair, Prof of Econ.

Total calculated

$465,774

From this org

$432,224

From related orgs

$0

Other

$33,550

Hours/week

38.8

Schedule J breakdown matched by us

Base

$369,350

Bonus

$62,334

Other

$540

Deferred

$11,398

Nontaxable benefits

$22,152

Filer's total

$465,774
M Krishna Erramilli

Interim Dean

Total calculated

$392,732

From this org

$359,388

From related orgs

$0

Other

$33,344

Hours/week

38.8

Schedule J breakdown matched by us

Base

$304,903

Bonus

$46,995

Other

$7,490

Deferred

$8,120

Nontaxable benefits

$25,224

Filer's total

$392,732
Reed Kroloff

Dean-Architecture, Rowe Chair

Total calculated

$348,720

From this org

$330,705

From related orgs

$0

Other

$18,015

Hours/week

38.8

Schedule J breakdown matched by us

Base

$302,730

Bonus

$1,911

Other

$26,064

Deferred

$9,955

Nontaxable benefits

$8,060

Filer's total

$348,720
Brian Schaneberg

Executive Director, IFSH

Total calculated

$346,275

From this org

$337,479

From related orgs

$0

Other

$8,796

Hours/week

38.8

Schedule J breakdown matched by us

Base

$336,237

Bonus

$0

Other

$1,242

Deferred

$0

Nontaxable benefits

$8,796

Filer's total

$346,275
Hamid Arastoopour

Director, WISER/Professor

Total calculated

$393,471

From this org

$365,788

From related orgs

$0

Other

$27,683

Hours/week

38.8

Schedule J breakdown matched by us

Base

$335,034

Bonus

$1,950

Other

$28,804

Deferred

$10,138

Nontaxable benefits

$17,545

Filer's total

$393,471
Jai Prakash

Professor

Total calculated

$358,000

From this org

$358,000

From related orgs

$0

Other

$0

Hours/week

38.8

Schedule J breakdown matched by us

Base

$0

Bonus

$0

Other

$358,000

Deferred

$0

Nontaxable benefits

$0

Filer's total

$358,000
Mohammad Shahidehpour

Distinguished Bodine Professor

Total calculated

$444,592

From this org

$424,490

From related orgs

$0

Other

$20,102

Hours/week

38.8

Schedule J breakdown matched by us

Base

$415,501

Bonus

$2,200

Other

$6,789

Deferred

$11,388

Nontaxable benefits

$8,714

Filer's total

$444,592
Xian-He Sun

Distinguished Professor

Total calculated

$360,321

From this org

$328,061

From related orgs

$0

Other

$32,260

Hours/week

38.8

Schedule J breakdown matched by us

Base

$321,074

Bonus

$2,811

Other

$4,176

Deferred

$7,467

Nontaxable benefits

$24,793

Filer's total

$360,321
Alan Cramb

Distinguished Professor/FORMER KEY EMPLOYEE

Total calculated

$345,744

From this org

$310,331

From related orgs

$0

Other

$35,413

Hours/week

38.8

Schedule J breakdown matched by us

Base

$278,878

Bonus

$3,528

Other

$27,925

Deferred

$9,317

Nontaxable benefits

$26,096

Filer's total

$345,744
Harold Krent

Professor of Law/FORMER KEY EMPLOYEE

Total calculated

$329,918

From this org

$303,899

From related orgs

$0

Other

$26,019

Hours/week

38.8

Schedule J breakdown matched by us

Base

$287,238

Bonus

$3,873

Other

$12,788

Deferred

$9,144

Nontaxable benefits

$16,875

Filer's total

$329,918
Michelangelo Sabatino

Professor/FORMER KEY EMPLOYEE

Total calculated

$317,724

From this org

$292,711

From related orgs

$0

Other

$25,013

Hours/week

38.8

Schedule J breakdown matched by us

Base

$283,240

Bonus

$8,229

Other

$1,242

Deferred

$8,522

Nontaxable benefits

$16,491

Filer's total

$317,724
Natacha DePaola

Prof of BioMedEng & Dir IDMET/FORMER KEY EMPLOYEE

Total calculated

$349,469

From this org

$314,990

From related orgs

$0

Other

$34,479

Hours/week

38.8

Schedule J breakdown matched by us

Base

$309,769

Bonus

$1,657

Other

$3,564

Deferred

$8,611

Nontaxable benefits

$25,868

Filer's total

$349,469

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

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
4a · Severance or change-of-control payment

Answered no

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

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

PERPETUAL TRUST (9) BENEFICIAL INTEREST IN DONOR TRUSTS

Trust · DISTRIBUTION OF TRUST ASSETS TO BENEFICIARIES · IL

Directly controlled by NA
ILLINOIS INSTITUTE OF TECHNOLOGY (INDIA) PRIVATE LTD

C Corporation · FACILITATES EDUCATIONAL PROGRAMS · IN · 100% owned · share of income $41,412 · share of assets $269,135 · controlled entity

Directly controlled by ILLINOIS INSTITUTE OF TECHNOLOGY

Provenance

Return type: form_990
Tax year: 2023
Filed: 15 April 2025
IRS schema version: 2023v6.0
Source object: 202531059349302178

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

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