EIN 36-2170136

Illinois Institute of Technology (IIT)

IRS 501(c) type
501(c)(3)
Num. employees
3,651
Year formed
1940
Most recent tax filings
2023-05-01
Description
Illinois Institute of Technology is a private, technology-focused research university offering undergraduate and graduate degrees in engineering, science, architecture, business, design, human sciences, applied technology, and law.
Total revenues
$364,483,065
2023
Total expenses
$419,688,712
2023
Total assets
$706,468,476
2023
Num. employees
3,651
2023

Program areas at IIT

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. The University's 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. We are contributing to advances in computation and data, energy and sustainability, deep science and engineering, health and wellness, social justice, and urban futures. Throughout our colleges, and research institutes and centers, IIT's researchers are conducting research that matters in our everyday lives. Illinois Tech is one of 14 centers collaborating on a new nationwide nutrition study that will help advance the development of personalized nutrition plans. Another research project is aimed at finding ways to reduce wasted food nationally. Since 1995, the University's signature Interprofessional Projects Program (IPRO) joins together students from various academic disciplines to work as a team to tackle real-world problems, often on behalf of companies and nonprofits that sponsor the projects, using design-centered methodology and innovative thinking. A required academic program, IPRO teaches leadership, creativity, teamwork, design thinking, and project management to prepare students to succeed in a professional work environment. IPRO student teams have explored a range of ambitious topics. These include developing a platform for safe drug disposal, designing a net-zero community, harvesting condensate from HVAC systems to create drinking water for humans, and hundreds more. Every idea needs fuel to be successful. IIT's Idea Shop helps to ignite ideas with cutting-edge tools to enable students to transform their designs, products, and inventions into reality. In this state-of-the-art, rapid-prototyping lab, full-time staff and a diverse group of student workers advise users on equipment use, mechanical and electrical design, embedded systems programming, and much more. As a campus wide resource, students can use the Idea Shop for a class, research project, or their own personal endeavor. Under the College of Architecture is the university's award-winning Design/Build studios that allow students to design and construct full-scale buildings, fulfilling the notion of a "hands-on" education. The college emphasizes applied studio work under the instruction of practicing architects; the study of architectural theory; interdisciplinary learning; digital technologies; sustainability; design/build; and international study. Instruction supports over 50 plus academic majors and special degree programs and more than 70 minors and is made up of almost 6,900 students, including 2,920 undergraduate, 3,153 graduate, 784 law students, and 3 students in continuing education programs. The University offered and awarded 629 bachelor, 1,218 master, 213 J.D., and 80 Ph.D. degrees during the 2023 academic year.
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.
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. Research awards received in fiscal year 2023 were $33.3 million. The University received awards in the areas of science, engineering, technology, mathematics, and food safety all of which are synergistic with the strategic plan. Notably, the Electrical and Computer Engineering Department received 36 awards totaling $3 million and the Computer Science Department also received 31 awards for $3.1 million. The Biomedical Engineering Department received 16 awards for $1.3 million, Mechanical Material and Aerospace Engineering 49 awards totaling $5.4 million, Physics Department 41 awards totaling $3.4 million and the Department of Psychology 13 awards for $3.4 million. In addition, the National Center for Food Safety and Technology received 19 awards totaling $4.5 million and the Biology Department was granted 12 award for $2.1 million.
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.
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.

Who funds Illinois Institute of Technology (IIT)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Renee and Edward Ross FoundationAs Needed$4,000,000
Beatrice P. Delaney Charitable FoundationGeneral$1,550,000
The John P Calamos FoundationTo Support the Mission of the Charity$1,205,000
...and 86 more grants received totalling $17,196,566

Personnel at IIT

NameTitleCompensation
Angela Manning-HardimonVice President Finance and Chief Financial Officer$141,406
Jeremy FineChief Financial Officer and Treasurer
Jess GoodeVice President , Extn'l Affairs$236,062
Bruce WattsVice President for Administration$242,438
Mallik SundharamVice President Enroll Management Stud Affrs$247,729
...and 17 more key personnel

Financials for IIT

RevenuesFYE 05/2023
Total grants, contributions, etc.$64,715,384
Program services$296,928,727
Investment income and dividends$1,424,658
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$844,954
Net gain from sale of non-inventory assets$660,069
Net income from fundraising events$-90,727
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$364,483,065

Form 990s for IIT

Fiscal year endingDate received by IRSFormPDF link
2023-052024-04-15990View PDF
2022-052023-04-18990View PDF
2021-052022-04-12990View PDF
2020-052021-04-14990View PDF
2019-052020-10-05990View PDF
...and 9 more Form 990s

Organizations like IIT

OrganizationLocationRevenue
Fordham UniversityBronx, NY$1,017,256,067
Roosevelt UniversityChicago, IL$131,830,306
Hofstra UniversityHempstead, NY$653,515,145
Thomas Jefferson University (TJU)Philadelphia, PA$1,666,137,809
Touro UniversityNew York, NY$367,265,660
Long Island University (LIU)Greenvale, NY$438,580,813
Loyola University Chicago (LUC)Chicago, IL$992,738,428
Wake Forest University (WFU)Winston Salem, NC$686,860,190
Texas Christian University (TCU)Fort Worth, TX$1,103,356,620
Saint Johns University (SJU)Jamaica, NY$780,737,391
Data update history
October 1, 2024
Updated personnel
Identified 1 new personnel
August 25, 2024
Received grants
Identified 23 new grant, including a grant for $1,205,000 from The John P Calamos Foundation
May 20, 2024
Updated personnel
Identified 10 new personnel
May 18, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 18, 2024
Received grants
Identified 6 new grant, including a grant for $94,834 from Juvenile Diabetes Research Foundation (JDRF)
Nonprofit Types
SchoolsHigher ed institutionsHeadquarter / parent organizations
Issues
Education
Characteristics
Political advocacyLobbyingFundraising eventsOperates internationallyState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsGala fundraisersTax deductible donationsAccepts online donations
General information
Address
3424 S State St TC-4 FL
Chicago, IL 60616
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Cook County, IL
Website URL
iit.edu/ 
Phone
(312) 567-3000
Facebook page
illinoistech 
Twitter profile
@illinoistech 
IRS details
EIN
36-2170136
Fiscal year end
May
Taxreturn type
Form 990
Year formed
1940
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B43: University or Technological Institute
NAICS code, primary
611310: Colleges, Universities, and Professional Schools
Parent/child status
Central organization
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Exempt
FTB status revoked
Not revoked
AG Registration Number
CT0185696
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2024-10-16
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