Skip to main content

Nonprofit · EIN 36-2170136

ILLINOIS INSTITUTE OF TECHNOLOGY

Also known as Stuart Investments NFP

Tax-exempt · CHICAGO, IL 60616

Financials

$364.5M$419.7M2022$444M$442.5M2023$448.5M$458.3M2024
Revenue Expenses · by fiscal year end
Financials of ILLINOIS INSTITUTE OF TECHNOLOGY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
May 31, 2025990$448,541,928$458,259,919-$9,717,991$833,343,232$400,037,523$433,305,709
May 31, 2024990$444,012,183$442,451,875$1,560,308$724,517,274$293,568,354$430,948,920
May 31, 2023990$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.

NameTitleHours / weekCompensationOther / benefits
Raj EchambadiPresident
Trustee or director, Officer
38.8$803,978$61,359
Kenneth ChristensenProvost, SVP Academic Affairs
Highest-paid employee
38.8$485,098$57,984
Lance FortnowProfessor and Dean COS
Key employee
38.8$434,839$43,797
Mallik SundharamVP Enroll Mgmt Stud Affrs
Officer
38.8$427,000$51,443
Mohammad ShahidehpourDistinguished Bodine Professor
Highest-paid employee
38.8$427,878$30,774
Anita KrugDean and Professor of Law
Key employee
38.8$410,198$38,175
Hamid ArastoopourDirector, WISER/Professor
Highest-paid employee
38.8$379,543$39,540
M Krishna ErramilliAssociate Dean and Professor
Key employee
38.8$373,347$45,206
Siva BalasubramanianHarold L. Stuart Endowed Chair
Highest-paid employee
38.8$361,830$15,081
Jennifer deWinterDean/Prof Lewis College Science
Key employee
38.8$355,611$20,310
Louis Cattafesta IIIDean of the Armor College of Engineering
Key employee
38.8$331,163$35,499
Beth CampbellAssociate VP, Principal Gifts
Highest-paid employee
38.8$338,940$26,578
Reed KroloffDean-Architecture, Rowe Chair
Key employee
38.8$329,020$26,802
Edwin WattsVP of Administration
Officer
38.8$306,420$33,195
Anijo MathewDean, Institute of Design
Key employee
38.8$295,078$44,364
82 more people on this return
NameTitleHours / weekCompensationOther / benefits
Harold KrentProfessor of Law/FORMER KEY EMPLOYEE
Former
38.8$301,421$35,724
Michelangelo SabatinoProfessor/FORMER KEY EMPLOYEE
Former
38.8$296,802$35,073
Natacha DePaolaProf of BioMedEng & Dir IDMET/FORMER KEY EMPLOYEE
Former
38.8$284,380$45,163
Walter HazlittGeneral Counsel
Officer
38.8$258,292$43,861
Michael GoszVice President for Data Analytics/Former Officer
Former
38.8$266,620$31,974
Sejal VaishnavChief Information Officer
Officer
38.8$271,787$14,956
Jess GoodeVice President, Extn'l Affairs
Officer
38.8$244,218$12,197
Norma ScagnoliChief Learning and Innovation Officer
Officer
38.8$220,652$31,694
Amit ThomasVP for Human Resources and Talent Management
Officer
38.8$205,847$10,592
Liad WagmanDean, Endow Chair, Prof of Econ/Former Key Employee
Former
38.8$194,160$10,808
Alan CrambDistinguished Professor/FORMER OFFICER
Former
38.8$176,303$17,496
Jeremy FineVP of Finance, CFO, and Treasurer
Officer
38.8$142,603$12,629
Angela Manning-HardimonVP FINANCE /CFO/Former Officer
Former
38.8$125,664$10,103
Michele FinnDeputy Chief Financial Officer
Officer
38.8$93,785$6,800
Ellen M JordanVice Chair
Trustee or director, Officer
1$0$0
Michael P GalvinChairman of the Board
Trustee or director, Officer
1$0$0
Thomas E LanctotVice Chair
Trustee or director, Officer
1$0$0
Adrian NemcekTrustee
Trustee or director
1$0$0
Alan W WendorfTrustee
Trustee or director
1$0$0
Amanda LannertTrustee
Trustee or director
1$0$0
Andrea L BerryTrustee
Trustee or director
1$0$0
Anita M NaglerTrustee
Trustee or director
1$0$0
Brian C WalkerTrustee
Trustee or director
1$0$0
Bruce C LiimatainenTrustee
Trustee or director
1$0$0
Carl S SpetzlerTrustee
Trustee or director
1$0$0
Carole Browe SegalTrustee
Trustee or director
1$0$0
Carson BlockTrustee (Through 10/17/2024)
Trustee or director
1$0$0
Cheryl HymanTrustee
Trustee or director
1$0$0
Craig J DuchossoisTrustee
Trustee or director
1$0$0
Daniel R EphraimTrustee
Trustee or director
1$0$0
David L CrowellTrustee
Trustee or director
1$0$0
Douglas M MoniesonTrustee
Trustee or director
1$0$0
Ed KaplanTrustee
Trustee or director
1$0$0
Efthimios J StojkaTrustee
Trustee or director
1$0$0
Eric VassilatosTrustee (Through 10/17/2024)
Trustee or director
1$0$0
Frank Clark IIITrustee
Trustee or director
1$0$0
Harold Singleton IIITrustee
Trustee or director
1$0$0
Hazem DawaniTrustee
Trustee or director
1$0$0
Indira SaladiTrustee (As of 10/17/24)
Trustee or director
1$0$0
James DuganTrustee
Trustee or director
1$0$0
James E CowieTrustee
Trustee or director
1$0$0
James GagnardTrustee
Trustee or director
1$0$0
Jamshyd N GodrejTrustee
Trustee or director
1$0$0
Jenny NiemannTrustee
Trustee or director
1$0$0
Jimmy A AkintondeTrustee
Trustee or director
1$0$0
Joel D KraussTrustee
Trustee or director
1$0$0
John C WaldenTrustee
Trustee or director
1$0$0
John G OlinTrustee
Trustee or director
1$0$0
John Krenhbiel JrTrustee
Trustee or director
1$0$0
John P Calamos SrTrustee
Trustee or director
1$0$0
Kaarina KoskenalustaTrustee
Trustee or director
1$0$0
Karen KleinTrustee (Through 2/28/2025)
Trustee or director
1$0$0
Kathleen BrandenburgTrustee
Trustee or director
1$0$0
Marc R HannahTrustee
Trustee or director
1$0$0
Mark P SextonTrustee
Trustee or director
1$0$0
Mark WallaceTrustee
Trustee or director
1$0$0
Martin C JischkeTrustee
Trustee or director
1$0$0
Martin CooperTrustee
Trustee or director
1$0$0
Mayari PritzkerTrustee
Trustee or director
1$0$0
Melvin FlowersTrustee
Trustee or director
1$0$0
Michael J GraffTrustee
Trustee or director
1$0$0
Michael PalumboTrustee
Trustee or director
1$0$0
Norbert O KaiserTrustee
Trustee or director
1$0$0
Patricia M Rios-HanigerTrustee
Trustee or director
1$0$0
Patrick J KellyTrustee
Trustee or director
1$0$0
Peter M Kelly IIITrustee
Trustee or director
1$0$0
Ralph WangerTrustee
Trustee or director
1$0$0
Richard Neil LevyTrustee
Trustee or director
1$0$0
Robert A CornogTrustee
Trustee or director
1$0$0
Robert D HoelTrustee
Trustee or director
1$0$0
Robert J PotterTrustee
Trustee or director
1$0$0
Robert J WashlowTrustee
Trustee or director
1$0$0
Robert SurretteTrustee
Trustee or director
1$0$0
Rohit PrasadTrustee
Trustee or director
1$0$0
S Christopher GladwinTrustee
Trustee or director
1$0$0
Stacey M KacekTrustee
Trustee or director
1$0$0
Ted KoenigTrustee
Trustee or director
1$0$0
Thomas RoszakTrustee
Trustee or director
1$0$0
Victor A MorgensternTrustee
Trustee or director
1$0$0
Victor TsaoTrustee
Trustee or director
1$0$0
Victoria L NoonanTrustee
Trustee or director
1$0$0
Sean CampbellVice President of Advancement
Officer
38.8$0$0
990 for the year ended May 31, 2024: 101 people
NameTitleHours / weekCompensationOther / benefits
Raj EchambadiPresident
Trustee or director, Officer
38.8$805,255$50,576
Ernest IsemingerVice President
Officer
38.8$527,573$25,111
Ophir TrigaloVice Provost, CIO
Officer
38.8$484,626$22,074
Kenneth ChristensenProvost, SVP Academic Affairs
Officer
38.8$430,809$38,846
Liad WagmanDean, Endow Chair, Prof of Econ.
Key employee
38.8$432,224$33,550
Mohammad ShahidehpourDistinguished Bodine Professor
Highest-paid employee
38.8$424,490$20,102
Mallik SundharamVP Enroll Mgmt Stud Affrs
Officer
38.8$386,905$36,386
Lance FortnowProfessor and Dean COS
Key employee
38.8$384,723$35,563
Hamid ArastoopourDirector, WISER/Professor
Highest-paid employee
38.8$365,788$27,683
M Krishna ErramilliInterim Dean
Key employee
38.8$359,388$33,344
Anita KrugDean and Professor of Law
Key employee
38.8$362,624$27,205
Jennifer deWinterDean/Prof Lewis College Science
Key employee
38.8$357,732$12,236
Xian-He SunDistinguished Professor
Highest-paid employee
38.8$328,061$32,260
Jai PrakashProfessor
Highest-paid employee
38.8$358,000$0
Natacha DePaolaProf of BioMedEng & Dir IDMET/FORMER KEY EMPLOYEE
Former
38.8$314,990$34,479
Reed KroloffDean-Architecture, Rowe Chair
Key employee
38.8$330,705$18,015
Brian SchanebergExecutive Director, IFSH
Highest-paid employee
38.8$337,479$8,796
Alan CrambDistinguished Professor/FORMER KEY EMPLOYEE
Former
38.8$310,331$35,413
Michael GoszVice President for Data Analytics
Officer
38.8$308,560$25,910
Angela Manning-HardimonVP Finance /CFO
Officer
38.8$305,669$26,095
Harold KrentProfessor of Law/FORMER KEY EMPLOYEE
Former
38.8$303,899$26,019
Edwin WattsVP of Administration
Officer
38.8$308,296$18,874
Anijo MathewDean, Institute of Design
Key employee
38.8$291,745$32,574
Michelangelo SabatinoProfessor/FORMER KEY EMPLOYEE
Former
38.8$292,711$25,013
Beth CampbellInterim VP of Advancement
Officer
38.8$262,938$15,418
Hilary Hudson HosekVP & Chief People Officer
Officer
38.8$259,274$9,248
Walter HazlittGeneral Counsel
Officer
38.8$226,721$33,528
Jess GoodeVice President, Extn'l Affairs
Officer
38.8$243,652$7,558
Ellen M JordanVice Chair
Trustee or director, Officer
1$0$0
Michael P GalvinChairman of the Board
Trustee or director, Officer
1$0$0
Thomas E LanctotVice Chair
Trustee or director, Officer
1$0$0
Adrian NemcekTrustee
Trustee or director
1$0$0
Alan W WendorfTrustee
Trustee or director
1$0$0
Amanda LannertTrustee
Trustee or director
1$0$0
Andrea L BerryTrustee
Trustee or director
1$0$0
Anita M NaglerTrustee
Trustee or director
1$0$0
Brian C WalkerTrustee
Trustee or director
1$0$0
Bruce C LiimatainenTrustee
Trustee or director
1$0$0
Bryan R DunnPartial Year Trustee
Trustee or director
1$0$0
Carl S SpetzlerTrustee
Trustee or director
1$0$0
Carole Browe SegalTrustee
Trustee or director
1$0$0
Carson BlockTrustee
Trustee or director
1$0$0
Carter H EckertPartial Year Trustee
Trustee or director
1$0$0
Cheryl HymanTrustee
Trustee or director
1$0$0
Craig J DuchossoisTrustee
Trustee or director
1$0$0
Daniel R EphraimTrustee
Trustee or director
1$0$0
David L CrowellTrustee
Trustee or director
1$0$0
Douglas M MoniesonTrustee
Trustee or director
1$0$0
Edward L KaplanTrustee
Trustee or director
1$0$0
Efthimios J StojkaTrustee
Trustee or director
1$0$0
Eric C LarsonPartial Year Trustee
Trustee or director
1$0$0
Eric G VassilatosPartial Year Trustee
Trustee or director
1$0$0
Frank Clark IIITrustee
Trustee or director
1$0$0
Harold Singleton IIITrustee
Trustee or director
1$0$0
Hazem DawaniTrustee
Trustee or director
1$0$0
James DuganTrustee
Trustee or director
1$0$0
James E CowieTrustee
Trustee or director
1$0$0
James GagnardTrustee
Trustee or director
1$0$0
Jamshyd N GodrejTrustee
Trustee or director
1$0$0
Jenny NiemannTrustee
Trustee or director
1$0$0
Jimmy A AkintondeTrustee
Trustee or director
1$0$0
Joel D KraussTrustee
Trustee or director
1$0$0
John C WaldenTrustee
Trustee or director
1$0$0
John G OlinTrustee
Trustee or director
1$0$0
John Krenhbiel JrTrustee
Trustee or director
1$0$0
John P Calamos SrTrustee
Trustee or director
1$0$0
Kaarina KoskenalustaTrustee
Trustee or director
1$0$0
Karen R KleinTrustee
Trustee or director
1$0$0
Kathleen BrandenburgTrustee
Trustee or director
1$0$0
Kevin W WillerPartial Year Trustee
Trustee or director
1$0$0
Marc R HannahTrustee
Trustee or director
1$0$0
Mark P SextonTrustee
Trustee or director
1$0$0
Mark WallaceTrustee
Trustee or director
1$0$0
Martin C JischkeTrustee
Trustee or director
1$0$0
Martin CooperTrustee
Trustee or director
1$0$0
Mayari PritzkerTrustee
Trustee or director
1$0$0
Melvin FlowersTrustee
Trustee or director
1$0$0
Michael J GraffTrustee
Trustee or director
1$0$0
Michael PalumboTrustee
Trustee or director
1$0$0
Norbert O KaiserTrustee
Trustee or director
1$0$0
Patricia M Rios-HanigerTrustee
Trustee or director
1$0$0
Patrick J KellyTrustee
Trustee or director
1$0$0
Peter M Kelly IIITrustee
Trustee or director
1$0$0
Ralph WangerTrustee
Trustee or director
1$0$0
Richard Neil LevyTrustee
Trustee or director
1$0$0
Robert A CornogTrustee
Trustee or director
1$0$0
Robert D HoelTrustee
Trustee or director
1$0$0
Robert J PotterTrustee
Trustee or director
1$0$0
Robert J WashlowTrustee
Trustee or director
1$0$0
Robert SurretteTrustee
Trustee or director
1$0$0
Rohit PrasadTrustee
Trustee or director
1$0$0
Rosemarie MitchellPartial Year Trustee
Trustee or director
1$0$0
S Christopher GladwinTrustee
Trustee or director
1$0$0
Stacey M KacekTrustee
Trustee or director
1$0$0
Stephen C UrrutiaPartial Year Trustee
Trustee or director
1$0$0
Stephen p KeoghPartial Year Trustee
Trustee or director
1$0$0
Ted KoenigTrustee
Trustee or director
1$0$0
Thomas RoszakTrustee
Trustee or director
1$0$0
Victor A MorgensternTrustee
Trustee or director
1$0$0
Victor TsaoTrustee
Trustee or director
1$0$0
Victoria L NoonanTrustee
Trustee or director
1$0$0
990 for the year ended May 31, 2023: 102 people
NameTitleHours / weekCompensationOther / benefits
Raj EchambadiPresident
Trustee or director, Officer
38.8$987,839$53,712
John BilsonProfessor Emeritus of Finance
Key employee
38.8$573,559$19,407
Miles WernickMotorola Professor/Dir. Md Img
Highest-paid employee
38.8$561,433$11,797
Ernest IsemingerVice President
Officer
38.8$430,345$43,626
Mohammad ShahidehpourDistinguished Bodine Professor
Highest-paid employee
38.8$415,951$37,659
Kenneth ChristensenProvost, SVP Academic Affairs
Officer
38.8$390,913$53,712
Lance FortnowProfessor and Dean COS
Key employee
38.8$375,314$46,464
Anita KrugDean and Professor of Law
Key employee
38.8$354,041$43,626
Candace WarkProfessor Emerita of Mech and Aerospace Eng
Highest-paid employee
38.8$383,860$12,307
David MogulProfessor Emeritus of Biomedical Eng
Highest-paid employee
38.8$377,706$15,822
Liad WagmanDean Stuart School of Business
Key employee
38.8$339,967$50,654
David ArditiProfessor Emeritus of Civil/Arch Eng
Highest-paid employee
38.8$361,602$15,486
Reed KroloffDean-Architecture, Rowe Chair
Key employee
38.8$320,578$35,561
Alan CrambDistinguished Professor & Former Officer
Former
38.8$300,935$53,712
Michael GoszVP, Enrlmt/Vice Prov/AssocProf
Officer
38.8$300,525$44,054
Ophir TrigaloVice Provost, CIO
Officer
38.8$295,945$44,923
Natacha DePaolaProf of BioMedEng & Dir IDMET/Former Key Empl
Former
38.8$276,676$51,448
Edwin WattsVP of Administration
Officer
38.8$298,744$26,764
Harold KrentProf of Law & Former Key Employee
Former
38.8$275,248$42,183
Michelangelo SabatinoProf/Dir Phd Program Arch/Former Key Empl
Former
38.8$271,968$41,727
Peter KilpatrickProvost, SVP Academic Affairs
Officer
38.8$243,143$31,699
Walter HazlittGeneral Counsel
Officer
38.8$222,127$47,322
Mallik SundharamVP Enroll Mgmt Stud Affrs
Officer
38.8$247,729$21,111
Jess GoodeVice President, Extn'l Affairs
Officer
38.8$236,062$21,178
Hilary Hudson HosekVice President & Chief People Officer
Officer
38.8$214,767$21,519
Darsh WasanDistinguished Professor,ChBE
Officer
38.8$189,858$29,107
Angela Manning-HardimonVP Finance /CFO
Officer
38.8$141,406$10,943
Ellen M JordanVice Chair
Trustee or director, Officer
1$0$0
Michael P GalvinChairman of the Board
Trustee or director, Officer
1$0$0
Thomas E LanctotVice Chair
Trustee or director, Officer
1$0$0
Adrian NemcekTrustee
Trustee or director
1$0$0
Alan W WendorfTrustee
Trustee or director
1$0$0
Amanda LannertTrustee
Trustee or director
1$0$0
Andrea L BerryTrustee
Trustee or director
1$0$0
Anita M NaglerTrustee
Trustee or director
1$0$0
Brian C WalkerTrustee
Trustee or director
1$0$0
Bruce C LiimatainenTrustee
Trustee or director
1$0$0
Bryan R DunnTrustee
Trustee or director
1$0$0
Carl S SpetzlerTrustee
Trustee or director
1$0$0
Carole Browe SegalTrustee
Trustee or director
1$0$0
Carson BlockTrustee
Trustee or director
1$0$0
Carter H EckertTrustee
Trustee or director
1$0$0
Craig J DuchossoisTrustee
Trustee or director
1$0$0
Daniel R EphraimTrustee
Trustee or director
1$0$0
David J VitalePartial Year Trustee
Trustee or director
1$0$0
David L CrowellTrustee
Trustee or director
1$0$0
Douglas M MoniesonTrustee
Trustee or director
1$0$0
Edward L KaplanTrustee
Trustee or director
1$0$0
Efthimios J StojkaTrustee
Trustee or director
1$0$0
Eric C LarsonTrustee
Trustee or director
1$0$0
Eric G VassilatosTrustee
Trustee or director
1$0$0
Frank Clark IIITrustee
Trustee or director
1$0$0
Harold Singleton IIITrustee
Trustee or director
1$0$0
Hazem DawaniTrustee
Trustee or director
1$0$0
James DuganTrustee
Trustee or director
1$0$0
James E CowieTrustee
Trustee or director
1$0$0
James GagnardTrustee
Trustee or director
1$0$0
Jamshyd N GodrejTrustee
Trustee or director
1$0$0
Jenny NiemannTrustee
Trustee or director
1$0$0
Jimmy A AkintondeTrustee
Trustee or director
1$0$0
Joel D KraussTrustee
Trustee or director
1$0$0
John C WaldenTrustee
Trustee or director
1$0$0
John G OlinTrustee
Trustee or director
1$0$0
John Krehbiel JrTrustee
Trustee or director
1$0$0
John P Calamos SrTrustee
Trustee or director
1$0$0
John W RowePartial Year Trustee
Trustee or director
1$0$0
Judson B AlthoffPartial Year Trustee
Trustee or director
1$0$0
Kaarina KoskenalustaTrustee
Trustee or director
1$0$0
Karen R KleinTrustee
Trustee or director
1$0$0
Kathleen BrandenburgTrustee
Trustee or director
1$0$0
Kevin W WillerTrustee
Trustee or director
1$0$0
Marc R HannahTrustee
Trustee or director
1$0$0
Mark P SextonTrustee
Trustee or director
1$0$0
Martin C JischkeTrustee
Trustee or director
1$0$0
Martin CooperTrustee
Trustee or director
1$0$0
Mayari PritzkerTrustee
Trustee or director
1$0$0
Melvin FlowersTrustee
Trustee or director
1$0$0
Michael J GraffTrustee
Trustee or director
1$0$0
Michael PalumboTrustee
Trustee or director
1$0$0
Norbert O KaiserTrustee
Trustee or director
1$0$0
Pallavi VermaPartial Year Trustee
Trustee or director
1$0$0
Patrick J KellyTrustee
Trustee or director
1$0$0
Peter M Kelly IIITrustee
Trustee or director
1$0$0
Ralph WangerTrustee
Trustee or director
1$0$0
Richard Neil LevyTrustee
Trustee or director
1$0$0
Robert A CornogTrustee
Trustee or director
1$0$0
Robert D HoelTrustee
Trustee or director
1$0$0
Robert J PotterTrustee
Trustee or director
1$0$0
Robert J WashlowTrustee
Trustee or director
1$0$0
Robert SurretteTrustee
Trustee or director
1$0$0
Rohit PrasadTrustee
Trustee or director
1$0$0
Rosemarie MitchellTrustee
Trustee or director
1$0$0
S Christopher GladwinTrustee
Trustee or director
1$0$0
Sherrie B LittlejohnPartial Year Trustee
Trustee or director
1$0$0
Stacey M KacekTrustee
Trustee or director
1$0$0
Stephen C UrrutiaTrustee
Trustee or director
1$0$0
Stephen p KeoghTrustee
Trustee or director
1$0$0
Ted KoenigTrustee
Trustee or director
1$0$0
Thomas RoszakTrustee
Trustee or director
1$0$0
Victor A MorgensternTrustee
Trustee or director
1$0$0
Victor TsaoPartial Year Trustee
Trustee or director
1$0$0
Victoria L NoonanTrustee
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
Return prepared by
CROWE LLP

Mission

TO PROVIDE DISTINCTIVE AND RELEVANT EDUCATION IN AN ENVIRONMENT OF SCIENTIFIC, TECHNOLOGICAL, AND PROFESSIONAL KNOWLEDGE CREATION AND INNOVATION.

990 for the year ended May 31, 2025

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 yearYear endedDueIRS public records
2025May 31, 2026October 15, 2026Not on file
2024May 31, 2025October 15, 2025990 on file
2023May 31, 2024October 15, 2024990 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

FormYear endedRevenueExpensesAssetsReturn
990May 2025$448,541,928$458,259,919$833,343,232XML
990-TMay 2025–––IRS
990May 2024$444,012,183$442,451,875$724,517,274XML
990-TMay 2024–––IRS
990May 2023$364,483,065$419,688,712$706,468,476XML
990-TMay 2023–––IRS
990May 2022$372,778,524$402,266,537$746,055,692IRS
990-TMay 2022–––IRS
990May 2021–––IRS
990-TMay 2021–––IRS
990May 2020–––IRS
990May 2019–––IRS
990May 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

All nonprofits in CHICAGO · Illinois · Education