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Illinois Institute Of Technology

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 362170136 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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Overview

What is Illinois Institute Of Technology?

The Illinois Institute of Technology (IIT) is a renowned nonprofit educational institution based in Chicago, Illinois. Home to seven colleges, IIT offers a diverse range of undergraduate and graduate programs in engineering, computing, architecture, business, law, design, and science and human sciences. The institution is known for its innovative approach to education, merging hands-on learning with entrepreneurship, design thinking, and technology. IIT's Interprofessional Projects Program (IPRO) enables students from various disciplines to collaborate and address real-world problems, often for sponsoring companies and nonprofits. With IPRO, students gain essential skills like leadership, creativity, teamwork, design thinking, and project management. The Idea Shop, a cutting-edge rapid-prototyping lab, provides students with the tools to bring their designs, products, and inventions to life. Furthermore, IIT's College of Architecture boasts award-winning Design/Build studios, allowing students to design and construct full-scale buildings as part of a hands-on education. With over 6,900 students, including 3,129 undergraduates, 2,990 graduates, 838 law students, and 4 students in continuing education programs, IIT is dedicated to providing distinctive and relevant education in a scientific, technological, and professional knowledge creation and innovation environment.


Official website here: www.iit.edu

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96% (Four-Star out of Four Stars)

The Illinois Institute of Technology has achieved a high rating of 96% from Charity Navigator, indicating strong performance in accountability and finance. This rating is based entirely on their excellent beacon score, which reflects a well-structured organization that emphasizes transparency and responsible financial management. The presence of a majority of independent board members further underscores their commitment to good governance.

Strengths highlighted include their effective oversight mechanisms, as evidenced by a perfect score in their audit and financial processes. The organization has established comprehensive policies regarding conflicts of interest and whistleblower protections, which contribute to a culture of accountability and integrity. Additionally, their financial ratios, particularly a program expense ratio of 84.88%, demonstrate effective allocation of resources towards their mission.

While the organization shows no reported diversions of assets and maintains thorough documentation practices, ongoing transparency will be crucial for sustaining trust and support from the community. Overall, the Illinois Institute of Technology exemplifies strong governance and responsible financial stewardship, making it a reliable choice for contributors looking to support a nonprofit organization.


This AI summary has been generated from information found on Charity Navigator.

Is Illinois Institute Of Technology legitimate?

Illinois Institute Of Technology is a legitimate nonprofit organization registered as a 501(c)(3) entity. Illinois Institute Of Technology submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $8,507,990
Professional Fundraising Fees: $153,691
Other Salaries and Wages: $114,988,174

For more financial information, click here


Official website here: www.iit.edu

What is the mission statement of Illinois Institute Of Technology?

Illinois Institute of Technology is dedicated to delivering distinctive and relevant education in an environment that fosters scientific, technological, and professional knowledge creation and innovation. Through its seven colleges, the institution offers exceptional teaching, combining hands-on learning with entrepreneurship, design thinking, and technological expertise. IIT's programs emphasize collaboration and interdisciplinary study and research, preparing students to work across traditional boundaries and succeed in diverse professional environments.

The University's Interprofessional Projects Program (IPRO) brings together students from various academic disciplines to collaborate on projects addressing real-world problems for companies and nonprofits, using design-centered methodology and innovative thinking. The Idea Shop, a cutting-edge rapid-prototyping lab, provides students with the tools and resources to transform their ideas into reality. IIT's Design/Build studios enable students to design and construct full-scale buildings, offering a hands-on educational experience.

Instruction supports over 40 academic majors, 70 minors, and a variety of specializations, catering to a diverse student body of over 6,900 students. With a global reach, the University's projects span across various countries, providing students with valuable experiences and opportunities to apply their knowledge in real-world contexts.


Official website here: www.iit.edu

Who is the CEO of Illinois Institute Of Technology?

Unavailable


Official website here: www.iit.edu

What is the revenue of Illinois Institute Of Technology?

Illinois Institute Of Technology's revenue in 2022 was $372,778,524.


Official website here: www.iit.edu

Who are the executives of Illinois Institute Of Technology and what are their salaries?

The average compensation at Illinois Institute Of Technology during 2022 was $37,457. There are 3297 employees and 107 volunteers at Illinois Institute Of Technology.


Here are 102 key members and their salaries:


Alan Cramb (President To 07/31/21)
  • Compensation: $1,506,952
  • Related: $0
  • Other: $52,329
Ellen M Jordan (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael P Galvin (Chairman Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Raj Echambadi (President From 8/1/21)
  • Compensation: $339,836
  • Related: $0
  • Other: $8,743
Thomas E Lanctot (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
A Steven Crown (Partial Year Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alan W Wendorf (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amanda Lannert (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrea L Berry (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anita M Nagler (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian C Walker (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce C Liimatainen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bryan R Dunn (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carl S Spetzler (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carole Browe Segal (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carson Block (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carter H Eckert (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig J Duchossois (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel R Ephraim (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
David J Vitale (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
David L Crowell (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Douglas M Monieson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward L Kaplan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Efthimios J Stojka (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric C Larson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric G Vassilatos (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Clark Iii (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harold Singleton Iii (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Dugan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
James E Cowie (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Gagnard (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Hill Jr (Partial Year Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jamshyd N Godrej (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jenny Niemann (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jimmy A Akintonde (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joel D Krauss (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John C Walden (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John G Olin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Krehbiel Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John P Calamos Sr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John W Rowe (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judson B Althoff (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kaarina Koskenalusta (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen R Klein (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathleen Brandenburg (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin W Willer (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marc R Hannah (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark P Sexton (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Martin C Jischke (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Martin Cooper (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mayari Pritzker (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael J Graff (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Palumbo (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Norbert O Kaiser (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pallavi Verma (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick J Kelly (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter M Kelly Iii (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Priscilla Anne Walter (Partial Year Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ralph Wanger (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Neil Levy (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert A Cornog (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert D Hoel (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert J Potter (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert J Washlow (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rohit Prasad (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rosemarie Mitchell (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
S Christopher Gladwin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sherrie B Littlejohn (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stacey M Kacek (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen C Urrutia (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen P Keogh (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ted Koenig (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Victor A Morgenstern (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Victor Tsao (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Victoria L Noonan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony D'Amato (Vice Pres, Genr'L Cnsl & Sec)
  • Compensation: $261,411
  • Related: $0
  • Other: $31,590
Darsh Wasan (Distinguished Professor,Chbe)
  • Compensation: $313,126
  • Related: $0
  • Other: $40,717
Edwin Watts (Vp Of Administration)
  • Compensation: $296,866
  • Related: $0
  • Other: $23,423
Ernest Iseminger (Vice President)
  • Compensation: $395,833
  • Related: $0
  • Other: $42,253
Jess Goode (Vice President, Extn'L Affairs)
  • Compensation: $234,795
  • Related: $0
  • Other: $18,534
Michael Gosz (Vp, Enrlmt/Vice Prov/Assocprof)
  • Compensation: $362,190
  • Related: $0
  • Other: $41,179
Michael Horan (Vp Finance, Cfo, Treasurer)
  • Compensation: $330,585
  • Related: $0
  • Other: $26,151
Ophir Trigalo (Vice Provost, Cio)
  • Compensation: $294,383
  • Related: $0
  • Other: $41,488
Peter Kilpatrick (Provost, Svp Academic Affairs)
  • Compensation: $555,789
  • Related: $0
  • Other: $42,253
Walter Hazlitt (Interim Genr'L Cnsl & Sec)
  • Compensation: $155,582
  • Related: $0
  • Other: $39,609
Anita Krug (Dean And Professor Of Law)
  • Compensation: $350,705
  • Related: $0
  • Other: $42,253
John Bilson (Dean)
  • Compensation: $320,230
  • Related: $0
  • Other: $43,320
Kenneth Christensen (Kaplan Dean Of Engineering)
  • Compensation: $365,825
  • Related: $0
  • Other: $40,736
Lance Fortnow (Professor And Dean Cos)
  • Compensation: $373,414
  • Related: $0
  • Other: $42,098
Reed Kroloff (Dean-Architecture, Rowe Chair)
  • Compensation: $317,469
  • Related: $0
  • Other: $39,784
Chun Liu (Professor/Chair)
  • Compensation: $311,054
  • Related: $0
  • Other: $39,260
Hamid Arastoopour (Director, Wiser/Professor)
  • Compensation: $355,558
  • Related: $0
  • Other: $43,731
Jafar Saniie (Dept. Chair & Filmer Professor)
  • Compensation: $337,237
  • Related: $0
  • Other: $35,061
Mohammad Shahidehpour (Distinguished Bodine Professor)
  • Compensation: $408,427
  • Related: $0
  • Other: $52,101
Xian-He Sun (Distinguished Professor)
  • Compensation: $315,507
  • Related: $0
  • Other: $44,197
Harold Krent (Professor Of Law & Former Key Employee)
  • Compensation: $297,248
  • Related: $0
  • Other: $41,011
Michelangelo Sabatino (Professor & Former Key Employee)
  • Compensation: $314,798
  • Related: $0
  • Other: $36,481
Miles Wernick (Motorola Professor/Dir. Md Img & Former Highly Compensated Employee)
  • Compensation: $276,595
  • Related: $0
  • Other: $43,198
Natacha Depaola (Prof Of Biomedeng/ Dir Idmet & Former Key Employee)
  • Compensation: $324,165
  • Related: $0
  • Other: $52,054
Robert Brackett (Vice President/Professor & Former Key Employee)
  • Compensation: $251,944
  • Related: $0
  • Other: $35,401
Siva Balasubramanian (Harold L. Stuart Endowed Chair & Former Highly Compensated Employee)
  • Compensation: $317,278
  • Related: $0
  • Other: $23,538
Sumanta Acharya (Professor/Department Chair & Former Highly Compensated Employee)
  • Compensation: $310,004
  • Related: $0
  • Other: $22,671


Official website here: www.iit.edu

Where can I find the form 990 for Illinois Institute Of Technology?

Illinois Institute Of Technology's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.iit.edu

Learn more at the official website: www.iit.edu

Mission Statement of Illinois Institute Of Technology

Illinois Institute of Technology, or IIT, is dedicated to delivering distinctive and relevant education in an environment that fosters scientific, technological, and professional knowledge creation and innovation. In this mission, IIT's seven colleges provide students with opportunities to explore new frontiers in engineering, computing, architecture, business, law, design, and science and human sciences. The institution's undergraduate and graduate programs, recognized for their excellence, combine hands-on learning with entrepreneurship training, design thinking, and technological expertise. IIT's commitment to collaboration and interdisciplinary study and research prepares students to work in professional environments where success transcends boundaries.

Since 1995, IIT's Interprofessional Projects Program (IPRO) has been a hallmark of the institution, bringing together students from various academic disciplines to work as a team to tackle real-world problems. These projects often partner with companies and nonprofits, providing students with the opportunity to apply design-centered methodology and innovative thinking. IPRO's academic program is essential in equipping students with leadership, creativity, teamwork, and project management skills necessary to thrive in their professional careers. IPRO teams have undertaken a range of ambitious projects, such as developing a platform for safe drug disposal and designing a net-zero energy retail building.

Illinois Institute of Technology's resources extend beyond the classroom. The Idea Shop, a state-of-the-art rapid-prototyping lab, empowers students to bring their designs, products, and inventions to life. Students can use the Idea Shop for classes, research projects, or personal endeavors, receiving guidance from full-time staff and student workers on equipment use, mechanical and electrical design, embedded systems programming, and more. Furthermore, the university's Design/Build studios in the College of Architecture enable students to design and construct full-scale buildings, offering a truly hands-on education. Projects, built entirely by architecture students, span the globe. IIT's instruction supports over 40 academic majors, 70 minors, and a variety of specializations, serving a student body of over 6,900 students. In the 2022 academic year, the University awarded 627 bachelor, 922 master, 231 J.D., 86 Ph.D., and 2 J.S.D. degrees.

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Impact



October, 2024

Illinois Institute of Technology (IIT) has a significant impact on education and the workforce, fostering innovation and interdisciplinary collaboration across various fields. With seven colleges dedicated to engineering, computing, architecture, business, law, design, and human sciences, IIT cultivates a learning environment that emphasizes hands-on experience, entrepreneurship, and cutting-edge technology.

The university's Interprofessional Projects Program (IPRO) exemplifies this commitment by bringing together students from different disciplines to tackle real-world challenges. Through projects that span areas such as sustainable design and public health, students not only enhance their leadership and teamwork skills but also create solutions that benefit companies and communities.

IIT's Idea Shop further enhances the educational experience by providing state-of-the-art resources for rapid prototyping and project development. This facility encourages students to transform their concepts into tangible products, bridging the gap between theoretical knowledge and practical application.

Moreover, the architecture program stands out with its Design/Build studios, where students design and construct full-scale buildings globally. This hands-on approach not only enriches their educational journey but also contributes to international architectural projects, showcasing IIT's global reach and influence.

In the 2022 academic year alone, IIT awarded a variety of degrees, including over 600 bachelor's degrees and nearly 1,000 master's degrees, underscoring its role in shaping the future workforce. With a diverse student body of over 6,900 individuals, IIT is dedicated to creating a community of innovative thinkers prepared to excel in their professional endeavors.

Overall, the Illinois Institute of Technology's combination of rigorous academics, real-world application, and an emphasis on innovation positions it as a vital contributor to education and societal advancement.



This information is meant to be a general summary of Illinois Institute Of Technology. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$372,778,524 (2022)
Expenses
$402,266,537 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $13,997,139
  • Program Service Revenue: $285,604,458
  • Gross Receipts: $676,387,368

Assets and Liabilities:

  • Total Assets: $746,055,692
  • Total Liabilities: $278,008,730
  • Net Assets: $468,046,962

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Tuition and Fees

Revenue

$252,267,524

Sales/Services of Auxilliary Enterprises

Revenue

$14,526,776

Student Services

Revenue

$15,020,334

Equity interest on IITRI

Revenue

$3,789,824

Organization Details

Founding Year

1940

Phone

(312) 567-5850

Main Address

3424 SOUTH STATE STREET TC-4 FL, CHICAGO, IL, 60616

Website

www.iit.edu

NTEE Category

Code: B430 - Education

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