Form 990 for tax year 2024

Filed by IVY TECH FOUNDATION INC.

Totals

Total revenue: $40,262,352
Total expenses: $30,571,324
Contributions and grants received: $34,044,276
Grants paid: $6,588,558
Program services expenses (Part IX): $26,951,193
Management and general expenses: $2,601,804
Fundraising expenses: $1,018,327
Program service expenses (Part III): $26,951,193

Program services were 88.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

SUE ELLSPERMANN

PRESIDENT, COLLEGE

Total calculated

$688,111

From this org

$0

From related orgs

$555,126

Other

$132,985

Hours/week

2 + 38 related

Schedule J breakdown matched by us

Base

$0 + $476,773 related

Bonus

$0

Other

$0 + $78,353 related

Deferred

$0 + $110,369 related

Nontaxable benefits

$0 + $22,616 related

Filer's total

$0 + $688,111 related
LAUREN SALERNO

CHAIR

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
ALISA HECIMOVICH

BOARD MEMBER

Total calculated

$0

Hours/week

2
ALPA PATEL

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
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
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
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
MAMON POWERS III

BOARD MEMBER

Total calculated

$0

Hours/week

2
MARCUS HESTER

BOARD MEMBER

Total calculated

$0

Hours/week

2
MELISSA PROFFITT SCHMIDT

BOARD MEMBER

Total calculated

$0

Hours/week

2
MICHAEL HARMLESS

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
SALLY DEVOE

BOARD MEMBER

Total calculated

$0

Hours/week

2
J 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
GEORGE CLINTON

BOARD MEMBER

Total calculated

$0

Hours/week

2
AMY FRYMAN

BOARD MEMBER

Total calculated

$0

Hours/week

2
CHRIS JACKSON

BOARD MEMBER

Total calculated

$0

Hours/week

2
JULIA MOORE

BOARD MEMBER

Total calculated

$0

Hours/week

2
LINDSEY NIX

BOARD MEMBER

Total calculated

$0

Hours/week

2
BECKY MILLER

VICE PRESIDENT, FORMER

Total calculated

$126,723

From this org

$0

From related orgs

$107,647

Other

$19,076

Hours/week

38 + 2 related
THOMAS SKIDMORE

ASSISTANT TREASURER

Total calculated

$254,481

From this org

$0

From related orgs

$202,995

Other

$51,486

Hours/week

38 + 2 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
COURTNEY ROBERTS

PRESIDENT, FOUNDATION

Total calculated

$386,058

From this org

$0

From related orgs

$355,784

Other

$30,274

Hours/week

38 + 2 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
RACHEL MULLINNIX

VICE PRESIDENT

Total calculated

$154,080

From this org

$0

From related orgs

$128,336

Other

$25,744

Hours/week

38 + 2 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
ALBIE MARCO

ASSISTANT SECRETARY

Total calculated

$151,017

From this org

$0

From related orgs

$106,973

Other

$44,044

Hours/week

38 + 2 related

Schedule J breakdown matched by us

Base

$0 + $105,363 related

Bonus

$0

Other

$0 + $1,610 related

Deferred

$0 + $11,057 related

Nontaxable benefits

$0 + $32,987 related

Filer's total

$0 + $151,017 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 — 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
IVY TECH PROPERTIES INC

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

Provenance

Return type: form_990
Tax year: 2024
Filed: 14 November 2025
IRS schema version: 2024v5.2
Source object: 202523209349300077

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