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Independent Colleges of Indiana INC

Public charity990-T FY2023
DBA: % KEVIN WATSON
Other · INDIANAPOLIS, IN · EIN 31-0901001

About

Organization's mission: the independent colleges of indiana (ICI) develops and enhances the competitive standing of its 29 member independent, nonprofit, regionally-accredited, degree-granting colleges and universities and strives to assure opportunity and choice in higher education for ALL students. The main purposes and activities of ICI are: *to assist member institutions with information, staff expertise and other appropriate resources, including the administration of grants for the collective benefit of member colleges; *to provide collective information about independent higher education in indiana to public and private bodies as appropriate; *to represent the interests of the independent college sector to the media, the general public and other audiences; *to negotiate or provide a variety of collective services for member institutions in an effort to realize efficiencies of scale to reduce costs; *to collect, analyze, interpret, and provide basic information about the member CO

In care of Kevin Watson

Donations are tax-deductible
Category
Other
Employees
14
Volunteers
0

Financial Snapshot

FY ending 2023-06-30
Revenue
$25.8M
Expenses
$23.7M
Assets
$93.0M
Liabilities
$707K

Financial history

$25.8M$12.9M$0
1617181920212223
RevenueExpenses
Latest FY2023: $25.8M · Avg: $24.1M

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

Campaign Spending
—
Lobbying
$61K
Grants Given
$366K
INDEPENDENT COLLEGES OF INDIANA INC
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Address

601 South Meridian Street Suite 2A
Indianapolis, IN, 46225-120

Governance

Voting board members42
Independent members41
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 %65.0%
Endowment held by related orgNo
Public records
ProPublica Nonprofit Explorer ↗
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search ↗
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
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