Nonprofit · EIN 35-0845258
INDIANA INSTITUTE OF TECHNOLOGY INC
Tax-exempt · FORT WAYNE, IN 46803
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $144,228,618 | $125,056,129 | $19,172,489 | $347,832,960 | $53,188,607 | $294,644,353 |
| June 30, 2024 | 990 | $101,696,525 | $109,583,110 | -$7,886,585 | $332,648,381 | $59,646,849 | $273,001,532 |
| June 30, 2023 | 990 | $87,182,224 | $94,726,379 | -$7,544,155 | $320,817,510 | $48,786,762 | $272,030,748 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $28,107,769
- Program service revenue
- $102,671,116
- Investment income
- $13,389,815
- Net gain from sales of assets
- $4,143,795
- Net income from fundraising events
- -$5,115
- Net income from sales of inventory
- $59,276
- Other revenue
- $59,918
Expenses
- Grants and similar amounts paid
- $46,696,519
- Compensation of officers, directors and key employees
- $1,348,029
- Other salaries and wages
- $26,466,933
- Salaries, compensation and benefits (total)
- $34,881,565
- Professional fundraising fees
- $121,200
- Legal fees
- $46,525
- Accounting fees
- $77,224
- Occupancy
- $3,004,958
- Travel
- $645,082
- Depreciation
- $7,418,023
- Program services (functional)
- $99,071,392
- Management and general (functional)
- $23,379,009
- Fundraising (functional)
- $2,605,728
Balance sheet and other
- Total assets, start of year
- $332,648,381
- Total assets, end of year
- $347,832,960
- Total liabilities, end of year
- $53,188,607
- Net assets, end of year
- $294,644,353
- Land, buildings and equipment
- $147,784,162
- Publicly traded securities
- $174,663,314
- Net assets without donor restrictions
- $236,339,390
- Net assets with donor restrictions
- $58,304,963
- Gross unrelated business income
- $419,820
- Gross receipts
- $190,596,154
- Employees
- 1,052
- Volunteers
- 50
- Year formed
- 1948
- 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 |
|---|---|---|---|---|
| Karl W Einolf | President Trustee or director, Officer | 40 | $551,991 | $141,412 |
| Judy K Roy | Treasurer Officer | 40 | $274,129 | $48,334 |
| Steve A Herendeen | VP Enrollment Management Key employee | 40 | $224,358 | $83,888 |
| Kathleen H Watland | VPAA Key employee | 40 | $204,931 | $60,888 |
| Daniel J Stoker | VP Student Affairs Key employee | 40 | $176,182 | $47,358 |
| Stephanos Mavromoustakos | Associate Dean Highest-paid employee | 40 | $165,156 | $52,857 |
| Lori A Fincannon | Dean College of Business Highest-paid employee | 40 | $157,620 | $49,514 |
| Jeffrey S Leichty | VP/CIO Highest-paid employee | 40 | $143,661 | $54,174 |
| Brian W Engelhart | VP/Exec Director Junction 36 Highest-paid employee | 40 | $143,688 | $52,470 |
| Michelle R Musolf | AVP/Controller Highest-paid employee | 40 | $148,113 | $46,606 |
| Jack Phlipot | Associate Professor Trustee or director | 40 | $121,369 | $39,793 |
| Anthony J Juliano | Trustee Trustee or director | 1 | $0 | $0 |
| Arnold O Pierson | Trustee Trustee or director | 1 | $0 | $0 |
| Cheri A Becker | Trustee Trustee or director | 1 | $0 | $0 |
| Clifford M Clark | Trustee Trustee or director | 1 | $0 | $0 |
15 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CRYSTAL THOMAS | TRUSTEE Trustee or director | 1 | $0 |
| D Geoffrey Paddock | Trustee Trustee or director | 1 | $0 |
| David J Nash | Trustee Trustee or director | 1 | $0 |
| Dena M Jacquay | Trustee Trustee or director | 1 | $0 |
| Gregg C Sengstack | Trustee Trustee or director | 1 | $0 |
| Jarrod R Stoller | Trustee Trustee or director | 1 | $0 |
| Jeffrey A Benzing | Trustee Trustee or director | 1 | $0 |
| JEFFREY WITTE | TRUSTEE Trustee or director | 1 | $0 |
| John Kunze | Trustee Trustee or director | 1 | $0 |
| Mark Dely | Trustee Trustee or director | 1 | $0 |
| Richard J Schul | Trustee Trustee or director | 1 | $0 |
| Thomas L Burns | Trustee Trustee or director | 1 | $0 |
| Wendy Kobler | Trustee Trustee or director | 1 | $0 |
| Whitney Bandemer | Trustee Trustee or director | 1 | $0 |
| William Daugherty | Trustee Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Karl W Einolf | President Trustee or director, Officer | 40 | $533,390 | $143,338 |
| Judy K Roy | Treasurer Officer | 40 | $260,452 | $48,450 |
| Steve A Herendeen | VP Enrollment Management Key employee | 40 | $212,410 | $60,569 |
| Daniel Grigg | VP Insitutional Advancement Key employee | 40 | $210,918 | $42,679 |
| Kathleen H Watland | VPAA Key employee | 40 | $193,215 | $40,049 |
| Ying Shang | Dean of Engineering Highest-paid employee | 40 | $166,756 | $42,400 |
| Daniel J Stoker | VP Student Affairs Key employee | 40 | $162,122 | $28,415 |
| Lori A Fincannon | Dean College of Business Highest-paid employee | 40 | $152,986 | $35,049 |
| Michelle R Musolf | Controller Highest-paid employee | 40 | $146,136 | $32,580 |
| Anne M Gull | Dean of COAS Highest-paid employee | 40 | $140,504 | $38,089 |
| Jeff S Leichty | VP/CIO Highest-paid employee | 40 | $138,731 | $38,304 |
| Jack Phlipot | Associate Professor Trustee or director | 40 | $114,951 | $28,804 |
| Anthony J Juliano | Trustee Trustee or director | 1 | $0 | $0 |
| Arnold O Pierson | Trustee Trustee or director | 1 | $0 | $0 |
| Cheri A Becker | Trustee Trustee or director | 1 | $0 | $0 |
| Clifford M Clark | Trustee Trustee or director | 1 | $0 | $0 |
| D Geoffrey Paddock | Trustee Trustee or director | 1 | $0 | $0 |
| David J Nash | Trustee Trustee or director | 1 | $0 | $0 |
| Dena M Jacquay | Trustee Trustee or director | 1 | $0 | $0 |
| Gregg C Sengstack | Trustee Trustee or director | 1 | $0 | $0 |
| Jarrod R Stoller | Trustee Trustee or director | 1 | $0 | $0 |
| Jeffrey A Benzing | Trustee Trustee or director | 1 | $0 | $0 |
| John Kunze | Trustee Trustee or director | 1 | $0 | $0 |
| Mark Dely | Trustee Trustee or director | 1 | $0 | $0 |
| Richard J Schul | Trustee Trustee or director | 1 | $0 | $0 |
| Thomas L Burns | Trustee Trustee or director | 1 | $0 | $0 |
| Wendy Kobler | Trustee Trustee or director | 1 | $0 | $0 |
| Whitney Bandemer | Trustee Trustee or director | 1 | $0 | $0 |
| William Daugherty | Trustee Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KARL W EINOLF | PRESIDENT Trustee or director, Officer | 40 | $512,936 | $137,069 |
| JUDY K ROY | TREASURER Officer | 40 | $248,463 | $49,752 |
| STEVE A HERENDEEN | VP ENROLLMENT MANAGEMENT Key employee | 40 | $203,998 | $58,418 |
| DANIEL GRIGG | VP INSTITUTIONAL ADVANCEMENT Key employee | 40 | $204,046 | $40,906 |
| KATHLENE WATLAND | VPAA Key employee | 40 | $188,322 | $38,803 |
| YING SHANG | DEAN OF ENGINEERING AND CS Highest-paid employee | 40 | $160,276 | $41,241 |
| LORI A FINCANNON | DEAN COLLEGE OF BUSINESS Highest-paid employee | 40 | $151,201 | $34,452 |
| DANIEL J STOKER | VP OF STUDENT AFFAIRS Key employee | 40 | $157,823 | $27,007 |
| ANNE GULL | DEAN ARTS & SCIENCE Highest-paid employee | 40 | $135,289 | $37,534 |
| JEFFREY S LEICHTY | VP & CHIEF INFORMATION OFFICER Highest-paid employee | 40 | $133,665 | $37,781 |
| MICHELLE R MUSOLF | CONTROLLER Highest-paid employee | 40 | $136,750 | $31,571 |
| JACK PHLIPOT | TRUSTEE Trustee or director | 40 | $114,623 | $28,283 |
| DENA M JACQUAY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MICHAEL H WOOD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CLIFFORD CLARK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ANTHONY J JULIANO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ARNOLD O PIERSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHERI A BECKER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| D GEOFFREY PADDOCK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DAVID J NASH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GREGG C SENGSTACK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JARROD R STOLLER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JEFFREY A BENZING | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOHN KUNZE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RAVI R TALWAR | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RICHARD J SCHUL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| THOMAS L BURNS | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WHITNEY BANDEMER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILLIAM DAUGHERTY | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1600 E WASHINGTON BLVD, FORT WAYNE, IN 46803-1228
- In care of
- % SHELLY MUSOLF
- Principal officer (990 for 2024)
- KARL W EINOLF, 1600 EAST WASHINGTON BLVD, FORT WAYNE, IN 46803
- Signed the 990
- JUDY K ROY, TREASURER
- Phone
- (260) 442-5561
- Website
- WWW.INDIANATECH.EDU
- Return prepared by
- Forvis Mazars LLP
Mission
INDIANA TECH IS A PRIVATE, INDEPENDENT, AND NON-DENOMINATIONAL UNIVERSITY. STUDENTS ARE PREPARED FOR ACTIVE PARTICIPATION IN THE COMPLEX, GLOBAL SOCIETY OF THE 21ST CENTURY AND ARE MOTIVATED TOWARD A LIFE OF SIGNIFICANCE AND WORTH. ABOUT 1,300 STUDENTS ARE ENROLLED IN THE TRADITIONAL DAY SCHOOL, AND THE COLLEGE OF PROFESSIONAL STUDIES HAS ABOUT 5,500 STUDENTS ENROLLED.
Program accomplishments
- AT INDIANA INSTITUTE OF TECHNOLOGY, WE EXCEL AT EDUCATING STUDENTS FROM ALL WALKS OF LIFE, FOR ALL KINDS OF MEANINGFUL WORK. WE'RE A TRULY INCLUSIVE COMMUNITY OF LEARNERS, ENSURING THAT STUDENTS ARE SUPPORTED, INSPIRED, AND EMPOWERED TO MAXIMIZE THEIR PROFESSIONAL PROSPECTS, ADVANCE IN THEIR CAREERS, AND IMPROVE THEIR LIVES AND THE LIVES OF OTHERS. WE BELIEVE STUDENTS LEARN BEST WHEN THEY MEANINGFULLY ENGAGE WITH A REAL-WORLD PROFESSOR. WITH AN ALUM. WITH A CAUSE. WITH A TEAM. WITH A PEER. SIMPLY PUT, OUR MODEL IS HANDS-ON. INDIANA TECH OFFERS DEGREES AT THE ASSOCIATE, BACHELOR'S, MASTER'S AND DOCTORAL LEVELS, IN FIELDS SUCH AS ENGINEERING, COMPUTER SCIENCES, CYBERSECURITY, BUSINESS, ANALYTICS, CRIMINAL JUSTICE, BIOLOGY, HEALTH SCIENCES, AND MORE. IN ALL, THE UNIVERSITY OFFERS MORE THAN 60 QUALITY DEGREE OPTIONS.Expenses $99,071,392 · grants $46,669,819 · revenue $102,671,116
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
- 35-0845258
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1949
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B430)
- Assets (IRS master file)
- $347,832,960
- Income (IRS master file)
- $190,596,154
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $144,228,618 | $125,056,129 | $347,832,960 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $101,696,525 | $109,583,110 | $332,648,381 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $87,182,224 | $94,726,379 | $320,817,510 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $115,536,261 | $98,047,098 | $320,737,366 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 35-0845258).
Questions about INDIANA INSTITUTE OF TECHNOLOGY INC
- What is the EIN of INDIANA INSTITUTE OF TECHNOLOGY INC?
- The employer identification number (EIN) of INDIANA INSTITUTE OF TECHNOLOGY INC is 35-0845258.
- Is INDIANA INSTITUTE OF TECHNOLOGY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1949.
- Are donations to INDIANA INSTITUTE OF TECHNOLOGY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INDIANA INSTITUTE OF TECHNOLOGY 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 INDIANA INSTITUTE OF TECHNOLOGY 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 INDIANA INSTITUTE OF TECHNOLOGY 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 INDIANA INSTITUTE OF TECHNOLOGY INC?
- The 990 for the year ended June 30, 2025 names KARL W EINOLF.
- Who are the officers and directors of INDIANA INSTITUTE OF TECHNOLOGY INC?
- The 990 for the year ended June 30, 2025 lists 30 people; 11 received compensation from the organization, the highest $551,991 (Karl W Einolf, President).
- How much revenue does INDIANA INSTITUTE OF TECHNOLOGY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $144,228,618, expenses of $125,056,129 and total assets of $347,832,960 at year end.
Other nonprofits in FORT WAYNE
- UNIVERSITY OF SAINT FRANCIS OF FORT WAYNE INDIANA INC EIN 35-0886846 · last filed 990 for 2025
- CANTERBURY SCHOOL INC EIN 35-1410931 · last filed 990 for 2025
- TIMOTHY L JOHNSON ACADEMY EIN 61-1417541 · last filed 990 for 2025
- QUESTA EDUCATION FOUNDATION INC EIN 35-6025795 · last filed 990 for 2025
- TAYLOR UNIVERSITY BROADCASTING INC EIN 35-1975367 · last filed 990 for 2025
- ALLEN COUNTY PUBLIC LIBRARY FOUNDATION EIN 31-1121023 · last filed 990 for 2025
- CONCORDIA EDUCATION FOUNDATION INC EIN 35-6033883 · last filed 990 for 2025
- SCHOOLS CARE INCORPORATED EIN 85-3484829 · last filed 990 for 2025