Nonprofit · EIN 31-0901001
INDEPENDENT COLLEGES OF INDIANA INC
Tax-exempt · INDIANAPOLIS, IN 46225
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $28,598,755 | $26,452,195 | $2,146,560 | $99,589,312 | $982,672 | $98,606,640 |
| June 30, 2024 | 990 | $25,913,873 | $26,011,652 | -$97,779 | $95,063,990 | $893,356 | $94,170,634 |
| June 30, 2023 | 990 | $25,838,068 | $23,689,741 | $2,148,327 | $93,040,434 | $706,939 | $92,333,495 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $25,391,801
- of which government grants
- $1,523,754
- Membership dues
- $1,310,200
- Program service revenue
- $320,093
- Investment income
- $2,886,861
- Net gain from sales of assets
- $738,241
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $23,043,593
- Benefits paid to members
- $662,597
- Compensation of officers, directors and key employees
- $531,381
- Other salaries and wages
- $744,310
- Salaries, compensation and benefits (total)
- $1,576,824
- Professional fundraising fees
- $0
- Legal fees
- $34,854
- Accounting fees
- $54,450
- Occupancy
- $57,413
- Travel
- $84,275
- Depreciation
- $27,556
- Program services (functional)
- $25,294,913
- Management and general (functional)
- $1,043,482
- Fundraising (functional)
- $113,800
Balance sheet and other
- Total assets, start of year
- $95,063,990
- Total assets, end of year
- $99,589,312
- Total liabilities, end of year
- $982,672
- Net assets, end of year
- $98,606,640
- Land, buildings and equipment
- $9,855
- Publicly traded securities
- $92,998,130
- Net assets without donor restrictions
- $4,742,897
- Net assets with donor restrictions
- $93,863,743
- Gross receipts
- $36,638,839
- Employees
- 15
- Volunteers
- 0
- Year formed
- 1972
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Dr Dottie King | President/Secretary Trustee or director, Officer | 40 | $296,447 | $40,239 |
| Laura Bridges | VP and Chief Operating Officer Officer | 40 | $166,941 | $27,754 |
| Kevin Watson | Chief Financial Officer Officer | 40 | $113,968 | $21,733 |
| Jake Burns | Director of Policy & Research Highest-paid employee | 40 | $101,242 | $20,444 |
| Dr Karl W Einolf | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Dr Katie Conboy | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Robert A Coons | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Brennan Randolph | Director (Start 8/9/24) Trustee or director | 1 | $0 | $0 |
| Christopher M Pietruszkiewicz JD | Director Trustee or director | 1 | $0 | $0 |
| Daniel Elsener | Director Trustee or director | 1 | $0 | $0 |
| Dr Amy McCormack | Director Trustee or director | 1 | $0 | $0 |
| Dr Barbara Bellefeuille | Director Trustee or director | 1 | $0 | $0 |
| Dr D Michael Lindsay | Director Trustee or director | 1 | $0 | $0 |
| Dr Drew Flamm | Director Trustee or director | 1 | $0 | $0 |
| Dr Earl Brooks II | Director Trustee or director | 1 | $0 | $0 |
30 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dr Jerry Thacker | Director (Start 7/1/24) Trustee or director | 1 | $0 |
| Dr Jonathan Kulaga | Director Trustee or director | 1 | $0 |
| Dr Lake Lambert | Director Trustee or director | 1 | $0 |
| Dr Lance Richey | Director Trustee or director | 1 | $0 |
| Dr Lori White | Director Trustee or director | 1 | $0 |
| Dr Marco J Clark | Director Trustee or director | 1 | $0 |
| Dr Paul Sniegowski | Director (Start 8/5/24) Trustee or director | 1 | $0 |
| Dr Rebecca Stoltzfus | Director Trustee or director | 1 | $0 |
| Dr Ron D Dempsey | Director Trustee or director | 1 | $0 |
| Dr Scott E Feller | Director Trustee or director | 1 | $0 |
| Dr Sean Huddleston | Director Trustee or director | 1 | $0 |
| Dr Sherilyn Emberton | Director Trustee or director | 1 | $0 |
| Dr Stacy Young | Director Trustee or director | 1 | $0 |
| Dr Tanuja Singh | Director Trustee or director | 1 | $0 |
| Elaine Bedel | Director Trustee or director | 1 | $0 |
| James M Danko | Director Trustee or director | 1 | $0 |
| John Pistole JD | Director Trustee or director | 1 | $0 |
| Jos D Padilla JD | Director Trustee or director | 1 | $0 |
| Kerry N Prather | Director Trustee or director | 1 | $0 |
| Paul Perkins | Director Trustee or director | 1 | $0 |
| Rep Brad Barrett | Director Trustee or director | 1 | $0 |
| Rep Craig Snow | Director Trustee or director | 1 | $0 |
| Rep Gregory Porter | Director Trustee or director | 1 | $0 |
| Rep Phil GiaQuinta | Director Trustee or director | 1 | $0 |
| Rev Robert A Dowd CSC | Director Trustee or director | 1 | $0 |
| Sen Andrea Hunley | Director Trustee or director | 1 | $0 |
| Sen Ed Charbonneau | Director Trustee or director | 1 | $0 |
| Sen Fady Qaddoura | Director Trustee or director | 1 | $0 |
| Sen Jeff Raatz | Director Trustee or director | 1 | $0 |
| Sen Linda Rogers | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 44 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Rev John I Jenkins SCS | Director Trustee or director | 1 | $0 | $1,582,760 | $100,262 |
| Mr James Danko | Director Trustee or director | 1 | $0 | $934,831 | $64,768 |
| Mr Daniel Elsener | Director Trustee or director | 1 | $0 | $885,329 | $59,057 |
| Dr Earl D Brooks II | Director Trustee or director | 1 | $0 | $754,771 | $58,798 |
| Dr Lori White | Director Trustee or director | 1 | $0 | $647,633 | $153,773 |
| Mr Robert A Coons | Director Trustee or director | 1 | $0 | $589,049 | $97,536 |
| Dr Karl W Einolf | Vice Chair Trustee or director, Officer | 1 | $0 | $533,390 | $143,338 |
| Dr D Michael Lindsay | Director Trustee or director | 1 | $0 | $575,721 | $78,462 |
| Dr Scott Feller | Director Trustee or director | 1 | $0 | $544,213 | $47,043 |
| Mr Jose D Padilla JD | Director Trustee or director | 1 | $0 | $467,515 | $64,755 |
| Dr Christopher Pietruszkiewicz JD | Director Trustee or director | 1 | $0 | $366,021 | $159,527 |
| Dr Sheila Conboy | Director Trustee or director | 1 | $0 | $437,300 | $56,158 |
| Dr Tanuja Singh | Director Trustee or director | 1 | $0 | $313,073 | $119,257 |
| Mr Kerry Prather | Treasurer Trustee or director, Officer | 1 | $0 | $344,963 | $59,763 |
| Dr Jonathan S Kulaga | Director Trustee or director | 1 | $0 | $327,158 | $66,034 |
| Dr Lake Lambert | Director Trustee or director | 1 | $0 | $304,209 | $54,282 |
| Dr David McFadden | Director Trustee or director | 1 | $0 | $301,372 | $38,348 |
| Dr Anne Houtman | Chair Trustee or director, Officer | 1 | $0 | $277,925 | $54,972 |
| Dr Sherilyn Emberton | Director Trustee or director | 1 | $0 | $236,676 | $81,182 |
| Dr John Shannon | Director Trustee or director | 1 | $0 | $263,175 | $47,049 |
| Dr Marco Clark | Director Trustee or director | 1 | $0 | $273,637 | $29,685 |
| Dr Rebecca Stoltzfus | Director Trustee or director | 1 | $0 | $256,337 | $43,580 |
| Dr Lance Richey | Director Trustee or director | 1 | $0 | $258,161 | $27,177 |
| Dr Amy McCormack | Director Trustee or director, Officer | 1 | $0 | $257,675 | $15,078 |
| Dr Andrew Flamm | Director Trustee or director | 1 | $0 | $245,093 | $24,802 |
| Dr Ron Dempsey | Director Trustee or director | 1 | $0 | $239,562 | $29,536 |
| John Pistole JD | Director Trustee or director | 1 | $0 | $211,475 | $49,419 |
| Dr Barbara Bellefeuille | Director Trustee or director | 1 | $0 | $243,585 | $0 |
| Dr Sean Huddleston | Director Trustee or director | 1 | $0 | $220,825 | $0 |
| Dr Stacy Young | Director Trustee or director | 1 | $0 | $181,649 | $18,331 |
| Dr Jodie Ferise End 021524 | Vice President and General Counsel Officer | 40 | $166,500 | $0 | $16,650 |
| Ms Laura Bridges | VP and Chief Operating Officer Officer | 40 | $166,500 | $0 | $16,650 |
| Dr Dottie King | President/Secretary Trustee or director, Officer | 40 | $126,423 | $0 | $12,642 |
| Mr Paul Perkins | Director Trustee or director | 1 | $0 | $0 | $0 |
| Ms Elaine Bedel | Director Trustee or director | 1 | $0 | $0 | $0 |
| Rep Brad Barrett | Director Trustee or director | 1 | $0 | $0 | $0 |
| Rep Craig Snow | Director Trustee or director | 1 | $0 | $0 | $0 |
| Rep Gregory Porter | Director Trustee or director | 1 | $0 | $0 | $0 |
| Rep Phil Giaquinta | Director Trustee or director | 1 | $0 | $0 | $0 |
| Sen Andrea Hunley | Director Trustee or director | 1 | $0 | $0 | $0 |
| Sen Edward Charbonneau | Director Trustee or director | 1 | $0 | $0 | $0 |
| Sen Fady Qaddoura | Director Trustee or director | 1 | $0 | $0 | $0 |
| Sen Jeff Raatz | Director Trustee or director | 1 | $0 | $0 | $0 |
| Sen Linda Rogers | Director Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 44 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| REV JOHN I JENKINS CSC | DIRECTOR Trustee or director | 1 | $0 | $1,487,080 | $120,241 |
| DR EARL D BROOKS II | DIRECTOR Trustee or director | 1 | $0 | $893,722 | $70,067 |
| MR JAMES DANKO | DIRECTOR Trustee or director | 1 | $0 | $791,993 | $59,430 |
| MR ROBERT A COONS | DIRECTOR Trustee or director | 1 | $0 | $621,005 | $92,767 |
| MR DANIEL J ELSENER | DIRECTOR Trustee or director | 1 | $0 | $573,384 | $131,862 |
| DR LORI WHITE | DIRECTOR Trustee or director | 1 | $0 | $540,714 | $148,724 |
| DR KARL W EINOLF | DIRECTOR Trustee or director | 1 | $0 | $512,936 | $137,069 |
| DR CHRISTOPHER PIETRUSZKIEWICZ | CHAIR Trustee or director, Officer | 1 | $0 | $472,370 | $162,272 |
| DR D MICHAEL LINDSAY | DIRECTOR Trustee or director | 1 | $0 | $525,221 | $73,272 |
| DR SCOTT FELLER | DIRECTOR Trustee or director | 1 | $0 | $515,695 | $44,778 |
| MR JOSE D PADILLA | DIRECTOR Trustee or director | 1 | $0 | $465,341 | $65,388 |
| DR SHEILA CONBOY | DIRECTOR Trustee or director | 1 | $0 | $407,252 | $53,958 |
| DR DAVID MCFADDEN | DIRECTOR Trustee or director | 1 | $0 | $343,366 | $86,074 |
| MR KERRY N PRATHER | DIRECTOR Trustee or director | 1 | $0 | $355,836 | $57,413 |
| DR LAKE LAMBERT | DIRECTOR Trustee or director, Officer | 1 | $0 | $303,721 | $40,272 |
| DR ROBERT L MANUEL | DIRECTOR Trustee or director | 1 | $0 | $285,589 | $36,248 |
| DR ANNE HOUTMAN | VICE CHAIR Trustee or director | 1 | $0 | $271,249 | $46,873 |
| DR SHERILYN EMBERTON | DIRECTOR Trustee or director | 1 | $0 | $233,236 | $81,051 |
| REV DR ERIC ALBERT ZIMMER | DIRECTOR Trustee or director | 1 | $0 | $296,271 | $15,717 |
| DR DOTTIE KING | DIRECTOR Trustee or director | 1 | $0 | $270,470 | $23,510 |
| DR REBECCA STOLTZFUS | DIRECTOR Trustee or director | 1 | $0 | $241,562 | $29,178 |
| DR RON D DEMPSEY | DIRECTOR Trustee or director | 1 | $0 | $238,899 | $26,000 |
| DR AMY MCCORMACK | TREASURER Trustee or director, Officer | 1 | $0 | $249,981 | $14,580 |
| DR JOHN S PISTOLE | DIRECTOR Trustee or director | 1 | $0 | $204,564 | $29,531 |
| DR DAVID WRIGHT | DIRECTOR Trustee or director | 1 | $0 | $188,550 | $42,227 |
| DR BARBARA BELLEFEUILLE | DIRECTOR Trustee or director | 1 | $0 | $220,497 | $4,654 |
| DR DREW FLAMM | DIRECTOR Trustee or director | 1 | $0 | $201,682 | $22,713 |
| DR SEAN HUDDLESTON | DIRECTOR Trustee or director | 1 | $0 | $194,450 | $6,000 |
| DR JODIE FERISE | VICE PRESIDENT AND GEN COUNSEL Officer | 40 | $151,495 | $0 | $39,327 |
| MS LAURA BRIDGES | VP AND CHIEF OPERATING OFFICER Officer | 40 | $153,879 | $0 | $30,347 |
| DR JONATHON KULAGA | DIRECTOR Trustee or director | 1 | $0 | $136,448 | $32,412 |
| DR DAVID WANTZ | PRESIDENT/SECRETARY Trustee or director, Officer | 40 | $137,331 | $0 | $28,955 |
| DR MARCO J CLARK | DIRECTOR Trustee or director | 1 | $0 | $145,305 | $14,131 |
| MS DEBORAH DANIELS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LEADER PHIL GIAQUINTA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| REP GREGORY PORTER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| REP BRAD BARRETT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SEN LINDA ROGERS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SEN EDWARD CHARBONNEAU | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SEN FADY QADDOURA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SEN EDDIE MELTON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR RICHARD ARKANOFF | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SEN LUKE KENLEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MR PAUL PERKINS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 601 SOUTH MERIDIAN STREET SUITE 2A, INDIANAPOLIS, IN 46225-1209
- In care of
- % KEVIN WATSON
- Principal officer (990 for 2024)
- Dottie L King, 601 South Meridian Street Suite 2A, Indianapolis, IN 46225
- Signed the 990
- Dottie L King, President/CEO
- Phone
- (317) 236-6090
- Website
- www.icindiana.org
- Return prepared by
- Forvis Mazars LLP
Mission
The Independent Colleges of Indiana (ICI) advances and strengthens the competitive standing of its 29 member independent, nonprofit, regionally accredited, degree granting colleges and universities. ICI works to ensure opportunity, access, and choice in higher education for all students. (Continued on Schedule O)
Program accomplishments
- The Lilly Endowment Community Scholarship Program (LECSP) helps to raise the level of educational attainment in Indiana and to leverage further the ability of Indiana's Community Foundations to enhance the quality of life of the state's residents by awarding full-tuition scholarships to students from each county in Indiana. These scholarships are awarded through and administered by the network of community foundations throughout the state.Expenses $22,548,014 · grants $21,649,218
- Indiana STEM Teach is a grant from the state of IN to raise the knowledge base of STEM (science, tech, engineering, and math) teachers in the k-12 schools. ICI member campuses provide tuition free courses to further educate teachers on STEM content and instructional methods.Expenses $1,523,754 · grants $1,048,875
- To advance the cause of and support independent higher education in Indiana for 29 member colleges through fundraising, meetings to discuss common issues, carrying on basic research, and other incidental activities.Expenses $1,157,282 · grants $345,500 · revenue $301,241
- Indiana Academy Program furthers the development of public service, higher education, the arts and sciences, literature, and the general culture of the state through recognition of individual leadership, achievement, and philanthropy designed to promote these ends.Expenses $65,863 · revenue $18,852
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 31-0901001
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 1975
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B03)
- Assets (IRS master file)
- $99,589,312
- Income (IRS master file)
- $36,638,839
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $28,598,755 | $26,452,195 | $99,589,312 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $25,913,873 | $26,011,652 | $95,063,990 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $25,838,068 | $23,689,741 | $93,040,434 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $22,138,520 | $22,290,095 | $91,171,823 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-0901001).
Questions about INDEPENDENT COLLEGES OF INDIANA INC
- What is the EIN of INDEPENDENT COLLEGES OF INDIANA INC?
- The employer identification number (EIN) of INDEPENDENT COLLEGES OF INDIANA INC is 31-0901001.
- Is INDEPENDENT COLLEGES OF INDIANA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
- Are donations to INDEPENDENT COLLEGES OF INDIANA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does INDEPENDENT COLLEGES OF INDIANA INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INDEPENDENT COLLEGES OF INDIANA INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDEPENDENT COLLEGES OF INDIANA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of INDEPENDENT COLLEGES OF INDIANA INC?
- The 990 for the year ended June 30, 2025 names Dottie L King.
- Who are the officers and directors of INDEPENDENT COLLEGES OF INDIANA INC?
- The 990 for the year ended June 30, 2025 lists 45 people; 4 received compensation from the organization, the highest $296,447 (Dr Dottie King, President/Secretary).
- How much revenue does INDEPENDENT COLLEGES OF INDIANA INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $28,598,755, expenses of $26,452,195 and total assets of $99,589,312 at year end.
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