Nonprofit · EIN 23-7073977
IVY TECH FOUNDATION INC
Tax-exempt · INDIANAPOLIS, IN 46208
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $40,262,352 | $30,571,324 | $9,691,028 | $165,487,745 | $1,402,489 | $164,085,256 |
| June 30, 2024 | 990 | $23,032,210 | $27,184,523 | -$4,152,313 | $149,886,491 | $625,914 | $149,260,577 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $34,044,276
- Program service revenue
- $0
- Investment income
- $5,995,336
- Royalties
- $27,807
- Net rental income
- -$75,699
- Net gain from sales of assets
- $1,683,241
- Net income from fundraising events
- -$368,507
- Other revenue
- $222,740
Expenses
- Grants and similar amounts paid
- $6,588,558
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $166,452
- Accounting fees
- $80,000
- Travel
- $1,549,626
- Depreciation
- $217,522
- Program services (functional)
- $26,951,193
- Management and general (functional)
- $2,601,804
- Fundraising (functional)
- $1,018,327
Balance sheet and other
- Total assets, start of year
- $149,886,491
- Total assets, end of year
- $165,487,745
- Total liabilities, end of year
- $1,402,489
- Net assets, end of year
- $164,085,256
- Land, buildings and equipment
- $2,452,567
- Publicly traded securities
- $121,266,057
- Net assets without donor restrictions
- $30,868,766
- Net assets with donor restrictions
- $133,216,490
- Gross receipts
- $125,812,243
- Employees
- 0
- Volunteers
- 400
- Year formed
- 1969
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SUE ELLSPERMANN | PRESIDENT, COLLEGE Trustee or director, Officer | 2 | $0 | $555,126 | $132,985 |
| COURTNEY ROBERTS | PRESIDENT, FOUNDATION Officer | 38 | $0 | $355,784 | $30,274 |
| THOMAS SKIDMORE | ASSISTANT TREASURER Officer | 38 | $0 | $202,995 | $51,486 |
| RACHEL MULLINNIX | VICE PRESIDENT Officer | 38 | $0 | $128,336 | $25,744 |
| ALBIE MARCO | ASSISTANT SECRETARY Officer | 38 | $0 | $106,973 | $44,044 |
| BECKY MILLER | VICE PRESIDENT, FORMER Officer | 38 | $0 | $107,647 | $19,076 |
| LAUREN SALERNO | CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| VINCENT VIVEROS | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| BRIAN STATER | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| SCOTT MILLER | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| ALISA HECIMOVICH | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| ALPA PATEL | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| CATHERINE HOFFMAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| CELESTE CALVITTO | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| CINDY KINNARNEY | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
36 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CONNIE FERGUSON | BOARD MEMBER Trustee or director | 2 | $0 |
| CONSTANCE BROWN | BOARD MEMBER Trustee or director | 2 | $0 |
| DONNA PFEIL | BOARD MEMBER Trustee or director | 2 | $0 |
| GLEN MUEHLBAUER | BOARD MEMBER Trustee or director | 2 | $0 |
| HEATHER SCHOEGLER | BOARD MEMBER Trustee or director | 2 | $0 |
| JAMES GOTHARD | BOARD MEMBER Trustee or director | 2 | $0 |
| JAMES ORBIK | BOARD MEMBER Trustee or director | 2 | $0 |
| JENNIFER HINDMAN | BOARD MEMBER Trustee or director | 2 | $0 |
| JESSE BRAND | BOARD MEMBER Trustee or director | 2 | $0 |
| JODI ENGELSTAD | BOARD MEMBER Trustee or director | 2 | $0 |
| KEITH O'NEAL | BOARD MEMBER Trustee or director | 2 | $0 |
| KEVIN AHAUS | BOARD MEMBER Trustee or director | 2 | $0 |
| KIM EMMERT O'DELL | BOARD MEMBER Trustee or director | 2 | $0 |
| LARRY SMITH | BOARD MEMBER Trustee or director | 2 | $0 |
| LEO BRADDOCK | BOARD MEMBER Trustee or director | 2 | $0 |
| LORI DANIELSON | BOARD MEMBER Trustee or director | 2 | $0 |
| MAMON POWERS III | BOARD MEMBER Trustee or director | 2 | $0 |
| MARCUS HESTER | BOARD MEMBER Trustee or director | 2 | $0 |
| MELISSA PROFFITT SCHMIDT | BOARD MEMBER Trustee or director | 2 | $0 |
| MICHAEL HARMLESS | BOARD MEMBER Trustee or director | 2 | $0 |
| PAUL PERKINS | BOARD MEMBER Trustee or director | 2 | $0 |
| PAULA HEIDERMAN | BOARD MEMBER Trustee or director | 2 | $0 |
| PAULA HUGHES-SCHUH | BOARD MEMBER Trustee or director | 2 | $0 |
| PHIL BANE | BOARD MEMBER Trustee or director | 2 | $0 |
| SALLY DEVOE | BOARD MEMBER Trustee or director | 2 | $0 |
| J SCOTT KLEPPE | BOARD MEMBER Trustee or director | 2 | $0 |
| SCOTT WALLSMITH | BOARD MEMBER Trustee or director | 2 | $0 |
| STEVEN SCHRECKENGAST | BOARD MEMBER Trustee or director | 2 | $0 |
| TERRY ANKER | BOARD MEMBER Trustee or director | 2 | $0 |
| THOMAS MARCUCCILLI | BOARD MEMBER Trustee or director | 2 | $0 |
| WILLIAM GUTZWILLER | BOARD MEMBER Trustee or director | 2 | $0 |
| GEORGE CLINTON | BOARD MEMBER Trustee or director | 2 | $0 |
| AMY FRYMAN | BOARD MEMBER Trustee or director | 2 | $0 |
| CHRIS JACKSON | BOARD MEMBER Trustee or director | 2 | $0 |
| JULIA MOORE | BOARD MEMBER Trustee or director | 2 | $0 |
| LINDSEY NIX | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 55 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SUE ELLSPERMANN | PRESIDENT, COLLEGE Trustee or director, Officer | 2 | $0 | $504,891 | $116,191 |
| COURTNEY ROBERTS | PRESIDENT, FOUNDATION Officer | 38 | $0 | $375,300 | $29,073 |
| THOMAS SKIDMORE | ASSISTANT TREASURER Officer | 38 | $0 | $223,565 | $47,565 |
| BECKY MILLER | VICE PRESIDENT Officer | 38 | $0 | $201,356 | $35,708 |
| ANNETTE FLICKINGER | ASSISTANT SECRETARY Officer | 38 | $0 | $124,913 | $34,123 |
| BRIAN THOMAS | AVP - GRANT DEVELOPMENT Officer | 38 | $0 | $114,758 | $31,976 |
| LAUREN SALERNO | CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 | $0 |
| VINCENT VIVEROS | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| BRIAN STATER | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| SCOTT MILLER | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| A H SCHUMAKER II | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| ALISA HECIMOVICH | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| ALPA PATEL | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| BRIAN STATZ | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| CATHERINE HOFFMAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| CELESTE CALVITTO | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| CINDY KINNARNEY | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| CONNIE FERGUSON | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| CONSTANCE BROWN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| DAVID GOODMAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| DONNA PFEIL | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| GLEN MUEHLBAUER | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| HEATHER SCHOEGLER | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| J MICHAEL JARVIS | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| JAMES GOTHARD | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| JAMES ORBIK | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| JENNIFER HINDMAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| JESSE BRAND | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| JODI ENGELSTAD | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| JOSH PETERS | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| KEITH O'NEAL | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| KEVIN AHAUS | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| KIM EMMERT-O'DELL | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| LARRY SMITH | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| LEO BRADDOCK | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| LORI DANIELSON | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| LU PORTER | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| MAMON POWERS III | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| MARCUS HESTER | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| MELISSA PROFFITT | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| MIKE HARMLESS | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| NANCY RHODES | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| PAUL PERKINS | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| PAULA HEIDERMAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| PAULA HUGHES-SCHUH | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| PHIL BANE | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| REBECCA KUBACKI | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| RONALD FAUQUHER | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| SALLY DEVOE | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| SCOTT KLEPPE | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| SCOTT WALLSMITH | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| STEVEN SCHRECKENGAST | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| TERRY ANKER | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| THOMAS MARCUCCILLI | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
| WILLIAM GUTZWILLER | BOARD MEMBER Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 50 W FALL CREEK PARKWAY NORTH DR, INDIANAPOLIS, IN 46208-5752
- Principal officer (990 for 2024)
- TOM SKIDMORE, 50 W FALL CREEK PKWY NORTH DRIVE, INDIANAPOLIS, IN 462085752
- Signed the 990
- TOM SKIDMORE, INTERIM PRESIDENT
- Phone
- (317) 921-4749
- Website
- HTTPS://GIVING.IVYTECH.EDU/
- Return prepared by
- KSM BUSINESS SERVICES INC
Mission
TO RECEIVE, HOLD, INVEST AND ADMINISTER PROPERTY; AND TO SOLICIT AND RECEIVE CONTRIBUTIONS; TO MAKE EXPENDITURES TO OR FOR THE BENEFIT OF IVY TECH COMMUNITY COLLEGE.
Program accomplishments
- THE IVY TECH FOUNDATION PROVIDES SCHOLARSHIPS, GRANTS, AND FINANCIAL SUPPORT TO ASSIST IVY TECH STUDENTS WITH TUITION, EDUCATIONAL RELATED EXPENSES, AND NON-TUITION BARRIERS. AWARDS ARE BASED ON ACADEMIC ACHIEVEMENT AND FINANCIAL AID. THE IVY TECH FOUNDATION IS RESPONSIBLE FOR SOLICITING AND RECEIVING THE CONTRIBUTIONS, AS WELL AS ADMINISTERING AND DISTRIBUTING THE DONATIONS TO THE COLLEGE FOR STUDENT SUPPORT.Expenses $6,588,558 · grants $6,588,558
- THE IVY TECH FOUNDATION PROVIDES FUNDS TO SUPPORT THE OPERATION, MAINTENANCE, AND IMPROVEMENT OF COLLEGE FACILITIES AND REAL ESTATE IN INDIANA. THIS INCLUDES CLASSROOMS, RESEARCH LABORATORIES, INSTRUCTIONAL SUPPLIES, DINING HALLS, AND ATHLETIC FACILITIES. THESE ACTIVITIES ENSURE A SAFE, ACCESSIBLE, AND WELL-EQUIPPED ENVIRONMENT THAT SUPPORTS THE INSTITUTION'S EDUCATIONAL MISSION AND STUDENT DEVELOPMENT.Expenses $3,671,568
- THE IVY TECH FOUNDATION MAKES SUB-AWARDS TO IVY TECH COMMUNITY COLLEGE TO CARRY OUT EDUCATIONAL AND RESEARCH PROJECTS TO SUPPORT STUDENTS, FACULTY, AND PROGRAMS. THESE SUB-AWARDS FUND ACTIVITIES SUCH AS CURRICULUM DEVELOPMENT, STUDENT RESEARCH OPPORTUNITIES, AND CAMPUS IMPROVEMENT INITIATIVES THAT ENHANCE EDUCATIONAL OUTCOMES. THE SUB-AWARDS PROVIDE SUPPORT FOR SPECIAL AND INNOVATIVE PROGRAMS.Expenses $8,155,911
- HELPING FUND OTHER PROGRAM EXPENDITURES FOR IVY TECH COMMUNITY COLLEGE OF INDIANA, INCLUDING FACULTY AND STAFF DEVELOPMENT, EMPLOYEE RECOGNITION, AND COMMUNITY OUTREACH EXPENDITURES.Expenses $8,535,156
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
- 23-7073977
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1970
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B114)
- Assets (IRS master file)
- $165,487,745
- Income (IRS master file)
- $125,812,243
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $40,262,352 | $30,571,324 | $165,487,745 | XML |
| 990 | June 2024 | $23,032,210 | $27,184,523 | $149,886,491 | XML |
| 990 | June 2023 | $41,134,022 | $24,943,462 | $147,776,928 | IRS |
| 990 | June 2022 | $38,600,222 | $26,743,266 | $133,213,854 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 23-7073977).
Questions about IVY TECH FOUNDATION INC
- What is the EIN of IVY TECH FOUNDATION INC?
- The employer identification number (EIN) of IVY TECH FOUNDATION INC is 23-7073977.
- Is IVY TECH FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1970.
- Are donations to IVY TECH FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IVY TECH FOUNDATION 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 IVY TECH FOUNDATION 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 IVY TECH FOUNDATION 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 IVY TECH FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names TOM SKIDMORE.
- Who are the officers and directors of IVY TECH FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 51 people; 0 received compensation from the organization.
- How much revenue does IVY TECH FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $40,262,352, expenses of $30,571,324 and total assets of $165,487,745 at year end.
Other nonprofits in INDIANAPOLIS
- BUTLER UNIVERSITY EIN 35-0867977 · last filed 990 for 2025
- UNIVERSITY OF INDIANAPOLIS EIN 35-0868107 · last filed 990 for 2025
- MARIAN UNIVERSITY EIN 35-0868175 · last filed 990 for 2025
- IU MEDICAL GROUP FOUNDATION INC EIN 20-1093251 · last filed 990 for 2025
- PROJECT LEAD THE WAY INC EIN 36-4802935 · last filed 990 for 2025
- THE MIND TRUST INC EIN 20-4560286 · last filed 990 for 2025
- PHALEN LEADERSHIP ACADEMIES INDIANA EIN 36-4729586 · last filed 990 for 2025
- GOODWILL EDUCATION INITIATIVES INC EIN 20-0749885 · last filed 990 for 2025