About
To provide distinctive and relevant education in an environment of scientific, technological, and professional knowledge creation and innovation.
In care of Stephanie CARR
Donations are tax-deductible
Financial Snapshot
FY ending 2024-05-31Financial history
161718192021222324
RevenueExpenses
Latest FY2024: $444.0M · Avg: $377.0M
Foreign activity (Schedule F)
Total spent abroad$95.6M
Foreign employees9
Foreign offices3
Foreign partnership interestNo
Foreign trust interestNo
| Region | Activity | Spent |
|---|
| Europe (Including Iceland and Greenland) | — | — |
| South Asia | — | — |
| East Asia and the Pacific | — | — |
| South America | — | — |
| Central America and the Caribbean | — | — |
501(h) election
This 501(c)(3) has NOT elected 501(h) — lobbying is permitted but limited under the vaguer "no substantial part of activities" test.
Political & Grant Activity
ILLINOIS INSTITUTE OF TECHNOLOGY
Address
10 W 35TH Street 8TH Floor
Chicago, IL, 60616-371
Governance
Voting board members66
Independent members61
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes
Compensation practices
Severance paymentsYes
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo
Financial detail (Schedule D)
Board-designated %23.0%
Permanent endowment %77.0%
Endowment held by related orgNo
Fundraising activity (Schedule G)
Uses professional fundraisersYes
Gross fundraising receipts$0
Net to org-$367K
Retained by contractors$367K
ChannelsMail · Email · In-person · Grant solicitation
Public records
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