Nonprofit · EIN 36-2170136
ILLINOIS INSTITUTE OF TECHNOLOGY
Also known as Stuart Investments NFP
Tax-exempt · CHICAGO, IL 60616
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $448,541,928 | $458,259,919 | -$9,717,991 | $833,343,232 | $400,037,523 | $433,305,709 |
| May 31, 2024 | 990 | $444,012,183 | $442,451,875 | $1,560,308 | $724,517,274 | $293,568,354 | $430,948,920 |
| May 31, 2023 | 990 | $364,483,065 | $419,688,712 | -$55,205,647 | $706,468,476 | $303,549,283 | $402,919,193 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $104,108,443
- of which government grants
- $58,534,074
- Program service revenue
- $339,764,513
- Investment income
- $3,790,181
- Net rental income
- $1,004,868
- Net gain from sales of assets
- $2,293,276
- Net income from fundraising events
- -$126,077
- Other revenue
- $878,791
Expenses
- Grants and similar amounts paid
- $153,562,608
- Compensation of officers, directors and key employees
- $9,001,946
- Salaries, compensation and benefits (total)
- $166,868,045
- Professional fundraising fees
- $196,333
- Legal fees
- $919,851
- Accounting fees
- $345,226
- Occupancy
- $37,482,127
- Travel
- $3,195,605
- Depreciation
- $21,880,000
- Program services (functional)
- $391,444,798
- Management and general (functional)
- $57,533,236
- Fundraising (functional)
- $9,281,885
Balance sheet and other
- Total assets, start of year
- $724,517,274
- Total assets, end of year
- $833,343,232
- Total liabilities, end of year
- $400,037,523
- Net assets, end of year
- $433,305,709
- Land, buildings and equipment
- $321,128,660
- Publicly traded securities
- $107,251,866
- Net assets without donor restrictions
- $146,590,057
- Net assets with donor restrictions
- $286,715,652
- Gross unrelated business income
- $43,660
- Gross receipts
- $573,853,831
- Employees
- 3,798
- Volunteers
- 270
- Year formed
- 1940
- State of legal domicile
- IL
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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Raj Echambadi | President Trustee or director, Officer | 38.8 | $803,978 | $61,359 |
| Kenneth Christensen | Provost, SVP Academic Affairs Highest-paid employee | 38.8 | $485,098 | $57,984 |
| Lance Fortnow | Professor and Dean COS Key employee | 38.8 | $434,839 | $43,797 |
| Mallik Sundharam | VP Enroll Mgmt Stud Affrs Officer | 38.8 | $427,000 | $51,443 |
| Mohammad Shahidehpour | Distinguished Bodine Professor Highest-paid employee | 38.8 | $427,878 | $30,774 |
| Anita Krug | Dean and Professor of Law Key employee | 38.8 | $410,198 | $38,175 |
| Hamid Arastoopour | Director, WISER/Professor Highest-paid employee | 38.8 | $379,543 | $39,540 |
| M Krishna Erramilli | Associate Dean and Professor Key employee | 38.8 | $373,347 | $45,206 |
| Siva Balasubramanian | Harold L. Stuart Endowed Chair Highest-paid employee | 38.8 | $361,830 | $15,081 |
| Jennifer deWinter | Dean/Prof Lewis College Science Key employee | 38.8 | $355,611 | $20,310 |
| Louis Cattafesta III | Dean of the Armor College of Engineering Key employee | 38.8 | $331,163 | $35,499 |
| Beth Campbell | Associate VP, Principal Gifts Highest-paid employee | 38.8 | $338,940 | $26,578 |
| Reed Kroloff | Dean-Architecture, Rowe Chair Key employee | 38.8 | $329,020 | $26,802 |
| Edwin Watts | VP of Administration Officer | 38.8 | $306,420 | $33,195 |
| Anijo Mathew | Dean, Institute of Design Key employee | 38.8 | $295,078 | $44,364 |
82 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Harold Krent | Professor of Law/FORMER KEY EMPLOYEE Former | 38.8 | $301,421 | $35,724 |
| Michelangelo Sabatino | Professor/FORMER KEY EMPLOYEE Former | 38.8 | $296,802 | $35,073 |
| Natacha DePaola | Prof of BioMedEng & Dir IDMET/FORMER KEY EMPLOYEE Former | 38.8 | $284,380 | $45,163 |
| Walter Hazlitt | General Counsel Officer | 38.8 | $258,292 | $43,861 |
| Michael Gosz | Vice President for Data Analytics/Former Officer Former | 38.8 | $266,620 | $31,974 |
| Sejal Vaishnav | Chief Information Officer Officer | 38.8 | $271,787 | $14,956 |
| Jess Goode | Vice President, Extn'l Affairs Officer | 38.8 | $244,218 | $12,197 |
| Norma Scagnoli | Chief Learning and Innovation Officer Officer | 38.8 | $220,652 | $31,694 |
| Amit Thomas | VP for Human Resources and Talent Management Officer | 38.8 | $205,847 | $10,592 |
| Liad Wagman | Dean, Endow Chair, Prof of Econ/Former Key Employee Former | 38.8 | $194,160 | $10,808 |
| Alan Cramb | Distinguished Professor/FORMER OFFICER Former | 38.8 | $176,303 | $17,496 |
| Jeremy Fine | VP of Finance, CFO, and Treasurer Officer | 38.8 | $142,603 | $12,629 |
| Angela Manning-Hardimon | VP FINANCE /CFO/Former Officer Former | 38.8 | $125,664 | $10,103 |
| Michele Finn | Deputy Chief Financial Officer Officer | 38.8 | $93,785 | $6,800 |
| Ellen M Jordan | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Michael P Galvin | Chairman of the Board Trustee or director, Officer | 1 | $0 | $0 |
| Thomas E Lanctot | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Adrian Nemcek | Trustee Trustee or director | 1 | $0 | $0 |
| Alan W Wendorf | Trustee Trustee or director | 1 | $0 | $0 |
| Amanda Lannert | Trustee Trustee or director | 1 | $0 | $0 |
| Andrea L Berry | Trustee Trustee or director | 1 | $0 | $0 |
| Anita M Nagler | Trustee Trustee or director | 1 | $0 | $0 |
| Brian C Walker | Trustee Trustee or director | 1 | $0 | $0 |
| Bruce C Liimatainen | Trustee Trustee or director | 1 | $0 | $0 |
| Carl S Spetzler | Trustee Trustee or director | 1 | $0 | $0 |
| Carole Browe Segal | Trustee Trustee or director | 1 | $0 | $0 |
| Carson Block | Trustee (Through 10/17/2024) Trustee or director | 1 | $0 | $0 |
| Cheryl Hyman | Trustee Trustee or director | 1 | $0 | $0 |
| Craig J Duchossois | Trustee Trustee or director | 1 | $0 | $0 |
| Daniel R Ephraim | Trustee Trustee or director | 1 | $0 | $0 |
| David L Crowell | Trustee Trustee or director | 1 | $0 | $0 |
| Douglas M Monieson | Trustee Trustee or director | 1 | $0 | $0 |
| Ed Kaplan | Trustee Trustee or director | 1 | $0 | $0 |
| Efthimios J Stojka | Trustee Trustee or director | 1 | $0 | $0 |
| Eric Vassilatos | Trustee (Through 10/17/2024) Trustee or director | 1 | $0 | $0 |
| Frank Clark III | Trustee Trustee or director | 1 | $0 | $0 |
| Harold Singleton III | Trustee Trustee or director | 1 | $0 | $0 |
| Hazem Dawani | Trustee Trustee or director | 1 | $0 | $0 |
| Indira Saladi | Trustee (As of 10/17/24) Trustee or director | 1 | $0 | $0 |
| James Dugan | Trustee Trustee or director | 1 | $0 | $0 |
| James E Cowie | Trustee Trustee or director | 1 | $0 | $0 |
| James Gagnard | Trustee Trustee or director | 1 | $0 | $0 |
| Jamshyd N Godrej | Trustee Trustee or director | 1 | $0 | $0 |
| Jenny Niemann | Trustee Trustee or director | 1 | $0 | $0 |
| Jimmy A Akintonde | Trustee Trustee or director | 1 | $0 | $0 |
| Joel D Krauss | Trustee Trustee or director | 1 | $0 | $0 |
| John C Walden | Trustee Trustee or director | 1 | $0 | $0 |
| John G Olin | Trustee Trustee or director | 1 | $0 | $0 |
| John Krenhbiel Jr | Trustee Trustee or director | 1 | $0 | $0 |
| John P Calamos Sr | Trustee Trustee or director | 1 | $0 | $0 |
| Kaarina Koskenalusta | Trustee Trustee or director | 1 | $0 | $0 |
| Karen Klein | Trustee (Through 2/28/2025) Trustee or director | 1 | $0 | $0 |
| Kathleen Brandenburg | Trustee Trustee or director | 1 | $0 | $0 |
| Marc R Hannah | Trustee Trustee or director | 1 | $0 | $0 |
| Mark P Sexton | Trustee Trustee or director | 1 | $0 | $0 |
| Mark Wallace | Trustee Trustee or director | 1 | $0 | $0 |
| Martin C Jischke | Trustee Trustee or director | 1 | $0 | $0 |
| Martin Cooper | Trustee Trustee or director | 1 | $0 | $0 |
| Mayari Pritzker | Trustee Trustee or director | 1 | $0 | $0 |
| Melvin Flowers | Trustee Trustee or director | 1 | $0 | $0 |
| Michael J Graff | Trustee Trustee or director | 1 | $0 | $0 |
| Michael Palumbo | Trustee Trustee or director | 1 | $0 | $0 |
| Norbert O Kaiser | Trustee Trustee or director | 1 | $0 | $0 |
| Patricia M Rios-Haniger | Trustee Trustee or director | 1 | $0 | $0 |
| Patrick J Kelly | Trustee Trustee or director | 1 | $0 | $0 |
| Peter M Kelly III | Trustee Trustee or director | 1 | $0 | $0 |
| Ralph Wanger | Trustee Trustee or director | 1 | $0 | $0 |
| Richard Neil Levy | Trustee Trustee or director | 1 | $0 | $0 |
| Robert A Cornog | Trustee Trustee or director | 1 | $0 | $0 |
| Robert D Hoel | Trustee Trustee or director | 1 | $0 | $0 |
| Robert J Potter | Trustee Trustee or director | 1 | $0 | $0 |
| Robert J Washlow | Trustee Trustee or director | 1 | $0 | $0 |
| Robert Surrette | Trustee Trustee or director | 1 | $0 | $0 |
| Rohit Prasad | Trustee Trustee or director | 1 | $0 | $0 |
| S Christopher Gladwin | Trustee Trustee or director | 1 | $0 | $0 |
| Stacey M Kacek | Trustee Trustee or director | 1 | $0 | $0 |
| Ted Koenig | Trustee Trustee or director | 1 | $0 | $0 |
| Thomas Roszak | Trustee Trustee or director | 1 | $0 | $0 |
| Victor A Morgenstern | Trustee Trustee or director | 1 | $0 | $0 |
| Victor Tsao | Trustee Trustee or director | 1 | $0 | $0 |
| Victoria L Noonan | Trustee Trustee or director | 1 | $0 | $0 |
| Sean Campbell | Vice President of Advancement Officer | 38.8 | $0 | $0 |
990 for the year ended May 31, 2024: 101 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Raj Echambadi | President Trustee or director, Officer | 38.8 | $805,255 | $50,576 |
| Ernest Iseminger | Vice President Officer | 38.8 | $527,573 | $25,111 |
| Ophir Trigalo | Vice Provost, CIO Officer | 38.8 | $484,626 | $22,074 |
| Kenneth Christensen | Provost, SVP Academic Affairs Officer | 38.8 | $430,809 | $38,846 |
| Liad Wagman | Dean, Endow Chair, Prof of Econ. Key employee | 38.8 | $432,224 | $33,550 |
| Mohammad Shahidehpour | Distinguished Bodine Professor Highest-paid employee | 38.8 | $424,490 | $20,102 |
| Mallik Sundharam | VP Enroll Mgmt Stud Affrs Officer | 38.8 | $386,905 | $36,386 |
| Lance Fortnow | Professor and Dean COS Key employee | 38.8 | $384,723 | $35,563 |
| Hamid Arastoopour | Director, WISER/Professor Highest-paid employee | 38.8 | $365,788 | $27,683 |
| M Krishna Erramilli | Interim Dean Key employee | 38.8 | $359,388 | $33,344 |
| Anita Krug | Dean and Professor of Law Key employee | 38.8 | $362,624 | $27,205 |
| Jennifer deWinter | Dean/Prof Lewis College Science Key employee | 38.8 | $357,732 | $12,236 |
| Xian-He Sun | Distinguished Professor Highest-paid employee | 38.8 | $328,061 | $32,260 |
| Jai Prakash | Professor Highest-paid employee | 38.8 | $358,000 | $0 |
| Natacha DePaola | Prof of BioMedEng & Dir IDMET/FORMER KEY EMPLOYEE Former | 38.8 | $314,990 | $34,479 |
| Reed Kroloff | Dean-Architecture, Rowe Chair Key employee | 38.8 | $330,705 | $18,015 |
| Brian Schaneberg | Executive Director, IFSH Highest-paid employee | 38.8 | $337,479 | $8,796 |
| Alan Cramb | Distinguished Professor/FORMER KEY EMPLOYEE Former | 38.8 | $310,331 | $35,413 |
| Michael Gosz | Vice President for Data Analytics Officer | 38.8 | $308,560 | $25,910 |
| Angela Manning-Hardimon | VP Finance /CFO Officer | 38.8 | $305,669 | $26,095 |
| Harold Krent | Professor of Law/FORMER KEY EMPLOYEE Former | 38.8 | $303,899 | $26,019 |
| Edwin Watts | VP of Administration Officer | 38.8 | $308,296 | $18,874 |
| Anijo Mathew | Dean, Institute of Design Key employee | 38.8 | $291,745 | $32,574 |
| Michelangelo Sabatino | Professor/FORMER KEY EMPLOYEE Former | 38.8 | $292,711 | $25,013 |
| Beth Campbell | Interim VP of Advancement Officer | 38.8 | $262,938 | $15,418 |
| Hilary Hudson Hosek | VP & Chief People Officer Officer | 38.8 | $259,274 | $9,248 |
| Walter Hazlitt | General Counsel Officer | 38.8 | $226,721 | $33,528 |
| Jess Goode | Vice President, Extn'l Affairs Officer | 38.8 | $243,652 | $7,558 |
| Ellen M Jordan | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Michael P Galvin | Chairman of the Board Trustee or director, Officer | 1 | $0 | $0 |
| Thomas E Lanctot | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Adrian Nemcek | Trustee Trustee or director | 1 | $0 | $0 |
| Alan W Wendorf | Trustee Trustee or director | 1 | $0 | $0 |
| Amanda Lannert | Trustee Trustee or director | 1 | $0 | $0 |
| Andrea L Berry | Trustee Trustee or director | 1 | $0 | $0 |
| Anita M Nagler | Trustee Trustee or director | 1 | $0 | $0 |
| Brian C Walker | Trustee Trustee or director | 1 | $0 | $0 |
| Bruce C Liimatainen | Trustee Trustee or director | 1 | $0 | $0 |
| Bryan R Dunn | Partial Year Trustee Trustee or director | 1 | $0 | $0 |
| Carl S Spetzler | Trustee Trustee or director | 1 | $0 | $0 |
| Carole Browe Segal | Trustee Trustee or director | 1 | $0 | $0 |
| Carson Block | Trustee Trustee or director | 1 | $0 | $0 |
| Carter H Eckert | Partial Year Trustee Trustee or director | 1 | $0 | $0 |
| Cheryl Hyman | Trustee Trustee or director | 1 | $0 | $0 |
| Craig J Duchossois | Trustee Trustee or director | 1 | $0 | $0 |
| Daniel R Ephraim | Trustee Trustee or director | 1 | $0 | $0 |
| David L Crowell | Trustee Trustee or director | 1 | $0 | $0 |
| Douglas M Monieson | Trustee Trustee or director | 1 | $0 | $0 |
| Edward L Kaplan | Trustee Trustee or director | 1 | $0 | $0 |
| Efthimios J Stojka | Trustee Trustee or director | 1 | $0 | $0 |
| Eric C Larson | Partial Year Trustee Trustee or director | 1 | $0 | $0 |
| Eric G Vassilatos | Partial Year Trustee Trustee or director | 1 | $0 | $0 |
| Frank Clark III | Trustee Trustee or director | 1 | $0 | $0 |
| Harold Singleton III | Trustee Trustee or director | 1 | $0 | $0 |
| Hazem Dawani | Trustee Trustee or director | 1 | $0 | $0 |
| James Dugan | Trustee Trustee or director | 1 | $0 | $0 |
| James E Cowie | Trustee Trustee or director | 1 | $0 | $0 |
| James Gagnard | Trustee Trustee or director | 1 | $0 | $0 |
| Jamshyd N Godrej | Trustee Trustee or director | 1 | $0 | $0 |
| Jenny Niemann | Trustee Trustee or director | 1 | $0 | $0 |
| Jimmy A Akintonde | Trustee Trustee or director | 1 | $0 | $0 |
| Joel D Krauss | Trustee Trustee or director | 1 | $0 | $0 |
| John C Walden | Trustee Trustee or director | 1 | $0 | $0 |
| John G Olin | Trustee Trustee or director | 1 | $0 | $0 |
| John Krenhbiel Jr | Trustee Trustee or director | 1 | $0 | $0 |
| John P Calamos Sr | Trustee Trustee or director | 1 | $0 | $0 |
| Kaarina Koskenalusta | Trustee Trustee or director | 1 | $0 | $0 |
| Karen R Klein | Trustee Trustee or director | 1 | $0 | $0 |
| Kathleen Brandenburg | Trustee Trustee or director | 1 | $0 | $0 |
| Kevin W Willer | Partial Year Trustee Trustee or director | 1 | $0 | $0 |
| Marc R Hannah | Trustee Trustee or director | 1 | $0 | $0 |
| Mark P Sexton | Trustee Trustee or director | 1 | $0 | $0 |
| Mark Wallace | Trustee Trustee or director | 1 | $0 | $0 |
| Martin C Jischke | Trustee Trustee or director | 1 | $0 | $0 |
| Martin Cooper | Trustee Trustee or director | 1 | $0 | $0 |
| Mayari Pritzker | Trustee Trustee or director | 1 | $0 | $0 |
| Melvin Flowers | Trustee Trustee or director | 1 | $0 | $0 |
| Michael J Graff | Trustee Trustee or director | 1 | $0 | $0 |
| Michael Palumbo | Trustee Trustee or director | 1 | $0 | $0 |
| Norbert O Kaiser | Trustee Trustee or director | 1 | $0 | $0 |
| Patricia M Rios-Haniger | Trustee Trustee or director | 1 | $0 | $0 |
| Patrick J Kelly | Trustee Trustee or director | 1 | $0 | $0 |
| Peter M Kelly III | Trustee Trustee or director | 1 | $0 | $0 |
| Ralph Wanger | Trustee Trustee or director | 1 | $0 | $0 |
| Richard Neil Levy | Trustee Trustee or director | 1 | $0 | $0 |
| Robert A Cornog | Trustee Trustee or director | 1 | $0 | $0 |
| Robert D Hoel | Trustee Trustee or director | 1 | $0 | $0 |
| Robert J Potter | Trustee Trustee or director | 1 | $0 | $0 |
| Robert J Washlow | Trustee Trustee or director | 1 | $0 | $0 |
| Robert Surrette | Trustee Trustee or director | 1 | $0 | $0 |
| Rohit Prasad | Trustee Trustee or director | 1 | $0 | $0 |
| Rosemarie Mitchell | Partial Year Trustee Trustee or director | 1 | $0 | $0 |
| S Christopher Gladwin | Trustee Trustee or director | 1 | $0 | $0 |
| Stacey M Kacek | Trustee Trustee or director | 1 | $0 | $0 |
| Stephen C Urrutia | Partial Year Trustee Trustee or director | 1 | $0 | $0 |
| Stephen p Keogh | Partial Year Trustee Trustee or director | 1 | $0 | $0 |
| Ted Koenig | Trustee Trustee or director | 1 | $0 | $0 |
| Thomas Roszak | Trustee Trustee or director | 1 | $0 | $0 |
| Victor A Morgenstern | Trustee Trustee or director | 1 | $0 | $0 |
| Victor Tsao | Trustee Trustee or director | 1 | $0 | $0 |
| Victoria L Noonan | Trustee Trustee or director | 1 | $0 | $0 |
990 for the year ended May 31, 2023: 102 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Raj Echambadi | President Trustee or director, Officer | 38.8 | $987,839 | $53,712 |
| John Bilson | Professor Emeritus of Finance Key employee | 38.8 | $573,559 | $19,407 |
| Miles Wernick | Motorola Professor/Dir. Md Img Highest-paid employee | 38.8 | $561,433 | $11,797 |
| Ernest Iseminger | Vice President Officer | 38.8 | $430,345 | $43,626 |
| Mohammad Shahidehpour | Distinguished Bodine Professor Highest-paid employee | 38.8 | $415,951 | $37,659 |
| Kenneth Christensen | Provost, SVP Academic Affairs Officer | 38.8 | $390,913 | $53,712 |
| Lance Fortnow | Professor and Dean COS Key employee | 38.8 | $375,314 | $46,464 |
| Anita Krug | Dean and Professor of Law Key employee | 38.8 | $354,041 | $43,626 |
| Candace Wark | Professor Emerita of Mech and Aerospace Eng Highest-paid employee | 38.8 | $383,860 | $12,307 |
| David Mogul | Professor Emeritus of Biomedical Eng Highest-paid employee | 38.8 | $377,706 | $15,822 |
| Liad Wagman | Dean Stuart School of Business Key employee | 38.8 | $339,967 | $50,654 |
| David Arditi | Professor Emeritus of Civil/Arch Eng Highest-paid employee | 38.8 | $361,602 | $15,486 |
| Reed Kroloff | Dean-Architecture, Rowe Chair Key employee | 38.8 | $320,578 | $35,561 |
| Alan Cramb | Distinguished Professor & Former Officer Former | 38.8 | $300,935 | $53,712 |
| Michael Gosz | VP, Enrlmt/Vice Prov/AssocProf Officer | 38.8 | $300,525 | $44,054 |
| Ophir Trigalo | Vice Provost, CIO Officer | 38.8 | $295,945 | $44,923 |
| Natacha DePaola | Prof of BioMedEng & Dir IDMET/Former Key Empl Former | 38.8 | $276,676 | $51,448 |
| Edwin Watts | VP of Administration Officer | 38.8 | $298,744 | $26,764 |
| Harold Krent | Prof of Law & Former Key Employee Former | 38.8 | $275,248 | $42,183 |
| Michelangelo Sabatino | Prof/Dir Phd Program Arch/Former Key Empl Former | 38.8 | $271,968 | $41,727 |
| Peter Kilpatrick | Provost, SVP Academic Affairs Officer | 38.8 | $243,143 | $31,699 |
| Walter Hazlitt | General Counsel Officer | 38.8 | $222,127 | $47,322 |
| Mallik Sundharam | VP Enroll Mgmt Stud Affrs Officer | 38.8 | $247,729 | $21,111 |
| Jess Goode | Vice President, Extn'l Affairs Officer | 38.8 | $236,062 | $21,178 |
| Hilary Hudson Hosek | Vice President & Chief People Officer Officer | 38.8 | $214,767 | $21,519 |
| Darsh Wasan | Distinguished Professor,ChBE Officer | 38.8 | $189,858 | $29,107 |
| Angela Manning-Hardimon | VP Finance /CFO Officer | 38.8 | $141,406 | $10,943 |
| Ellen M Jordan | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Michael P Galvin | Chairman of the Board Trustee or director, Officer | 1 | $0 | $0 |
| Thomas E Lanctot | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Adrian Nemcek | Trustee Trustee or director | 1 | $0 | $0 |
| Alan W Wendorf | Trustee Trustee or director | 1 | $0 | $0 |
| Amanda Lannert | Trustee Trustee or director | 1 | $0 | $0 |
| Andrea L Berry | Trustee Trustee or director | 1 | $0 | $0 |
| Anita M Nagler | Trustee Trustee or director | 1 | $0 | $0 |
| Brian C Walker | Trustee Trustee or director | 1 | $0 | $0 |
| Bruce C Liimatainen | Trustee Trustee or director | 1 | $0 | $0 |
| Bryan R Dunn | Trustee Trustee or director | 1 | $0 | $0 |
| Carl S Spetzler | Trustee Trustee or director | 1 | $0 | $0 |
| Carole Browe Segal | Trustee Trustee or director | 1 | $0 | $0 |
| Carson Block | Trustee Trustee or director | 1 | $0 | $0 |
| Carter H Eckert | Trustee Trustee or director | 1 | $0 | $0 |
| Craig J Duchossois | Trustee Trustee or director | 1 | $0 | $0 |
| Daniel R Ephraim | Trustee Trustee or director | 1 | $0 | $0 |
| David J Vitale | Partial Year Trustee Trustee or director | 1 | $0 | $0 |
| David L Crowell | Trustee Trustee or director | 1 | $0 | $0 |
| Douglas M Monieson | Trustee Trustee or director | 1 | $0 | $0 |
| Edward L Kaplan | Trustee Trustee or director | 1 | $0 | $0 |
| Efthimios J Stojka | Trustee Trustee or director | 1 | $0 | $0 |
| Eric C Larson | Trustee Trustee or director | 1 | $0 | $0 |
| Eric G Vassilatos | Trustee Trustee or director | 1 | $0 | $0 |
| Frank Clark III | Trustee Trustee or director | 1 | $0 | $0 |
| Harold Singleton III | Trustee Trustee or director | 1 | $0 | $0 |
| Hazem Dawani | Trustee Trustee or director | 1 | $0 | $0 |
| James Dugan | Trustee Trustee or director | 1 | $0 | $0 |
| James E Cowie | Trustee Trustee or director | 1 | $0 | $0 |
| James Gagnard | Trustee Trustee or director | 1 | $0 | $0 |
| Jamshyd N Godrej | Trustee Trustee or director | 1 | $0 | $0 |
| Jenny Niemann | Trustee Trustee or director | 1 | $0 | $0 |
| Jimmy A Akintonde | Trustee Trustee or director | 1 | $0 | $0 |
| Joel D Krauss | Trustee Trustee or director | 1 | $0 | $0 |
| John C Walden | Trustee Trustee or director | 1 | $0 | $0 |
| John G Olin | Trustee Trustee or director | 1 | $0 | $0 |
| John Krehbiel Jr | Trustee Trustee or director | 1 | $0 | $0 |
| John P Calamos Sr | Trustee Trustee or director | 1 | $0 | $0 |
| John W Rowe | Partial Year Trustee Trustee or director | 1 | $0 | $0 |
| Judson B Althoff | Partial Year Trustee Trustee or director | 1 | $0 | $0 |
| Kaarina Koskenalusta | Trustee Trustee or director | 1 | $0 | $0 |
| Karen R Klein | Trustee Trustee or director | 1 | $0 | $0 |
| Kathleen Brandenburg | Trustee Trustee or director | 1 | $0 | $0 |
| Kevin W Willer | Trustee Trustee or director | 1 | $0 | $0 |
| Marc R Hannah | Trustee Trustee or director | 1 | $0 | $0 |
| Mark P Sexton | Trustee Trustee or director | 1 | $0 | $0 |
| Martin C Jischke | Trustee Trustee or director | 1 | $0 | $0 |
| Martin Cooper | Trustee Trustee or director | 1 | $0 | $0 |
| Mayari Pritzker | Trustee Trustee or director | 1 | $0 | $0 |
| Melvin Flowers | Trustee Trustee or director | 1 | $0 | $0 |
| Michael J Graff | Trustee Trustee or director | 1 | $0 | $0 |
| Michael Palumbo | Trustee Trustee or director | 1 | $0 | $0 |
| Norbert O Kaiser | Trustee Trustee or director | 1 | $0 | $0 |
| Pallavi Verma | Partial Year Trustee Trustee or director | 1 | $0 | $0 |
| Patrick J Kelly | Trustee Trustee or director | 1 | $0 | $0 |
| Peter M Kelly III | Trustee Trustee or director | 1 | $0 | $0 |
| Ralph Wanger | Trustee Trustee or director | 1 | $0 | $0 |
| Richard Neil Levy | Trustee Trustee or director | 1 | $0 | $0 |
| Robert A Cornog | Trustee Trustee or director | 1 | $0 | $0 |
| Robert D Hoel | Trustee Trustee or director | 1 | $0 | $0 |
| Robert J Potter | Trustee Trustee or director | 1 | $0 | $0 |
| Robert J Washlow | Trustee Trustee or director | 1 | $0 | $0 |
| Robert Surrette | Trustee Trustee or director | 1 | $0 | $0 |
| Rohit Prasad | Trustee Trustee or director | 1 | $0 | $0 |
| Rosemarie Mitchell | Trustee Trustee or director | 1 | $0 | $0 |
| S Christopher Gladwin | Trustee Trustee or director | 1 | $0 | $0 |
| Sherrie B Littlejohn | Partial Year Trustee Trustee or director | 1 | $0 | $0 |
| Stacey M Kacek | Trustee Trustee or director | 1 | $0 | $0 |
| Stephen C Urrutia | Trustee Trustee or director | 1 | $0 | $0 |
| Stephen p Keogh | Trustee Trustee or director | 1 | $0 | $0 |
| Ted Koenig | Trustee Trustee or director | 1 | $0 | $0 |
| Thomas Roszak | Trustee Trustee or director | 1 | $0 | $0 |
| Victor A Morgenstern | Trustee Trustee or director | 1 | $0 | $0 |
| Victor Tsao | Partial Year Trustee Trustee or director | 1 | $0 | $0 |
| Victoria L Noonan | Trustee Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 10 W 35TH STREET 8TH FLOOR, CHICAGO, IL 60616-3717
- In care of
- % STEPHANIE CARR
- Mailing address (990-N for 2008)
- 565 W Adams St, Chicago IL 60661
- Principal officer (990 for 2024)
- Raj Echambadi, SUITE 1900 10 W 35TH STREET, CHICAGO, IL 60616
- Principal officer (990-N for 2008)
- David Anderson, 565 W Adams St, Chicago IL 60661
- Signed the 990
- Stephanie Carr, Associate Controller
- Phone
- (312) 567-3332
- Website
- www.stuart.edu/si
- Return prepared by
- CROWE LLP
Mission
TO PROVIDE DISTINCTIVE AND RELEVANT EDUCATION IN AN ENVIRONMENT OF SCIENTIFIC, TECHNOLOGICAL, AND PROFESSIONAL KNOWLEDGE CREATION AND INNOVATION.
Program accomplishments
- 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. (SEE SCHEDULE O)Expenses $261,667,565 · grants $153,562,608 · revenue $255,360,877
- 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. (SEE SCHEUDLE O)Expenses $78,425,206 · revenue $51,667,638
- 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 $28,893,265 · revenue $8,010,703
- 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 $15,924,762 · revenue $17,017,965
- 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 $6,534,000 · revenue $7,482,940
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 36-2170136
- 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
- 1941
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B430)
- Assets (IRS master file)
- $833,343,232
- Income (IRS master file)
- $573,853,831
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $448,541,928 | $458,259,919 | $833,343,232 | XML |
| 990-T | May 2025 | – | – | – | IRS |
| 990 | May 2024 | $444,012,183 | $442,451,875 | $724,517,274 | XML |
| 990-T | May 2024 | – | – | – | IRS |
| 990 | May 2023 | $364,483,065 | $419,688,712 | $706,468,476 | XML |
| 990-T | May 2023 | – | – | – | IRS |
| 990 | May 2022 | $372,778,524 | $402,266,537 | $746,055,692 | IRS |
| 990-T | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990-T | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
| 990 | May 2018 | – | – | – | IRS |
| 990-N for 2008 Officer: David Anderson | May 31, 2009 | ≤ $50,000 receipts | – | – | e-Postcard |
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 36-2170136).
Questions about ILLINOIS INSTITUTE OF TECHNOLOGY
- What is the EIN of ILLINOIS INSTITUTE OF TECHNOLOGY?
- The employer identification number (EIN) of ILLINOIS INSTITUTE OF TECHNOLOGY is 36-2170136.
- Is ILLINOIS INSTITUTE OF TECHNOLOGY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1941.
- Are donations to ILLINOIS INSTITUTE OF TECHNOLOGY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ILLINOIS INSTITUTE OF TECHNOLOGY 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 ILLINOIS INSTITUTE OF TECHNOLOGY due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ILLINOIS INSTITUTE OF TECHNOLOGY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of ILLINOIS INSTITUTE OF TECHNOLOGY?
- The 990 for the year ended May 31, 2025 names Raj Echambadi.
- Who are the officers and directors of ILLINOIS INSTITUTE OF TECHNOLOGY?
- The 990 for the year ended May 31, 2025 lists 97 people; 29 received compensation from the organization, the highest $803,978 (Raj Echambadi, President).
- How much revenue does ILLINOIS INSTITUTE OF TECHNOLOGY have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $448,541,928, expenses of $458,259,919 and total assets of $833,343,232 at year end.
Other nonprofits in CHICAGO
- UNIVERSITY OF CHICAGO EIN 36-2177139 · last filed 990 for 2025
- LOYOLA UNIVERSITY OF CHICAGO EIN 36-1408475 · last filed 990 for 2025
- DEPAUL UNIVERSITY EIN 36-2167048 · last filed 990 for 2025
- ART INSTITUTE OF CHICAGO EIN 36-2167725 · last filed 990 for 2025
- COLUMBIA COLLEGE CHICAGO EIN 36-6112087 · last filed 990 for 2025
- SPENCER FOUNDATION EIN 36-6078558 · last filed 990-PF for 2025
- NOBLE NETWORK OF CHARTER SCHOOLS EIN 36-4241970 · last filed 990 for 2025
- INSTITUTE FOR THE INTERNATIONAL EDUCATION OF STUDENTS EIN 36-2251912 · last filed 990 for 2025