Totals
- Total revenue
- $65
- Total expenses
- $971,963
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $65
- Total assets, end of year
- $12,178,092
- Total liabilities, end of year
- $14,491,229
- Net assets or fund balances, end of year
- -$2,313,137
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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.
-
11d · All other revenue
total $65 · excluded $65
-
11e · Other revenue, total
$65
Functional expenses
Part IX, the statement of functional expenses.
-
11g · Fees: other
total $3,400
-
20 · Interest
total $205,629
-
22 · Depreciation, depletion and amortization
total $762,934
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $255,928 · end of year $164,065
-
10a · Land, buildings and equipment: cost or other basis
$14,776,446
-
10b · Land, buildings and equipment: accumulated depreciation
$2,762,419
-
10c · Land, buildings and equipment, net
beginning of year $12,776,961 · end of year $12,014,027
-
23 · Secured mortgages and notes payable
beginning of year $14,466,078 · end of year $14,491,229
-
27 · Net assets without donor restrictions
beginning of year -$1,433,189 · end of year -$2,313,137
Mission and programs · 2024
Mission
TO ACQUIRE, OWN AND REDEVELOP PROPERTY FOR THE BENEFIT OF IVY TECH COMMUNITY COLLEGE.
-
ACQUIRE, OWN AND REDEVELOP A MULTI-STORY BUILDING IN INDIANAPOLIS FOR THE EXPANSION OF THE IVY TECH INDIANAPOLIS CAMPUS.
As filed on the 2024 return.
Listed in Part VII
-
Courtney N RobertsCOURTNEY N ROBERTS
PRESIDENT
- Total calculated
- $386,058
- From this org
- $0
- From related orgs
- $355,784
- Other
- $30,274
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $298,966 related
- Bonus
- $0
- Other
- $0 + $56,818 related
- Deferred
- $0 + $29,897 related
- Nontaxable benefits
- $0 + $377 related
- Filer's total
- $0 + $386,058 related
-
Thomas SkidmoreTHOMAS SKIDMORE
TREASURER
- Total calculated
- $254,481
- From this org
- $0
- From related orgs
- $202,995
- Other
- $51,486
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $180,983 related
- Bonus
- $0
- Other
- $0 + $22,012 related
- Deferred
- $0 + $28,487 related
- Nontaxable benefits
- $0 + $22,999 related
- Filer's total
- $0 + $254,481 related
-
Rachel MullinnixRACHEL MULLINNIX
VICE PRESIDENT
- Total calculated
- $154,080
- From this org
- $0
- From related orgs
- $128,336
- Other
- $25,744
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $125,287 related
- Bonus
- $0
- Other
- $0 + $3,049 related
- Deferred
- $0 + $15,148 related
- Nontaxable benefits
- $0 + $10,596 related
- Filer's total
- $0 + $154,080 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
The filer's explanations (Part III)
- PART I LINE 3 AND PART II
- THE IVY TECH PROPERTIES HAS NO EMPLOYEES. OFFICERS ARE PAID BY IVY TECH COMMUNITY COLLEGE FOR SERVICES PERFORMED BY COLLEGE EMPLOYEES THAT BENEFIT IVY TECH PROPERTIES AND IVY TECH 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.
-
501(C)(3) · RECEIVE/ADMINISTER PROPERTY AND CONTRIB. FOR THE BENEFIT OF IVY TECH COLLEGE · IN
-
IVY TECH COLLEGE OF INDIANA
POST SECONDARY EDUCATION · IN
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.
-
COMMUNITY ENTERPRISES INC
C · INVESTMENTS · IN · 100% owned
Directly controlled by IVY TECH FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543209349300034
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