Liabilities / Assets
59th percentile
Higher debt load relative to assets than 59% of similar nonprofits.
University of Indianapolis
EIN 35-0868107 • 501(c)3 • Indianapolis, IN
Profile
The mission of the University of Indianapolis is to prepare its graduates for effective, responsible, and articulate membership in the complex societies in which they live and serve, and for excellence and leadership in their personal and professional lives.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.38x
Liabilities / Revenue
55th percentile
Higher debt load relative to revenue than 55% of similar nonprofits.
Net Margin
36th percentile
Higher net margin than 36% of similar nonprofits.
Top Officer Pay
17th percentile
Higher top officer pay than 17% of similar nonprofits.
Top officer pay equals 0.2% of source-year revenue.
Asset Growth
32nd percentile
Faster asset growth than 32% of similar nonprofits.
Revenue Growth
33rd percentile
Faster revenue growth than 33% of similar nonprofits.
Balance Sheet
Assets
Up$283,982,716
Up $2,631,545 (+0.9%) from 2022
Liabilities
Down$109,083,847
Down $5,017,906 (-4.4%) from 2022
Net Assets
Up$174,898,869
Up $7,649,451 (+4.6%) from 2022
Revenue
Up$200,685,291
Up $148,353 (+0.1%) from 2022
Expenses
Down$199,470,009
Down $3,304,400 (-1.6%) from 2022
Net Income
Up$1,215,282
Up $3,452,753 (+154%) from 2022
Trend Graphs
Filings
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $283,982,716
- Liabilities
- $109,083,847
- Net assets
- $174,898,869
- Revenue
- $200,685,291
- Expenses
- $199,470,009
- Net income
- $1,215,282
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2023 to Jun 30, 2024
- Signed
- May 15, 2025
- Return Version
- 2023v6.0
- Gross Receipts
- $225,995,360
Mission and Program Overview
Mission
The mission of the University of Indianapolis is to prepare its graduates for effective, responsible, and articulate membership in the complex societies in which they live and serve, and for excellence and leadership in their personal and professional lives.
The University of Indianapolis champions lifelong learning through relevant and innovative education that fosters experiential learning, diverse perspectives, service for impact, and a global mindset.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $125,901,350 | $122,816,445 | ▼ $3,084,905 |
| Investments in Publicly Traded Securities | $90,778,025 | $105,787,935 | ▲ $15,009,910 |
| Savings and Temporary Cash Investments | $25,696,972 | $21,902,330 | ▼ $3,794,642 |
| Investments Other Securities | $16,178,447 | $15,925,988 | ▼ $252,459 |
| Accounts Receivable | $7,322,052 | $9,162,919 | ▲ $1,840,867 |
| Pledges and Grants Receivable | $6,124,869 | $3,478,445 | ▼ $2,646,424 |
| Prepaid Expenses and Deferred Charges | $1,967,039 | $1,752,653 | ▼ $214,386 |
| Investments Program Related | $941,726 | $1,163,636 | ▲ $221,910 |
| Receivable From Disqualified Prsn | $0 | $0 | → $0 |
| Receivables From Officers Etc | $0 | $0 | → $0 |
| Loans From Officers Directors | $0 | $0 | → $0 |
| Total Assets | $276,971,862 | $283,982,716 | ▲ $7,010,854 |
| Other Assets Total | $2,061,382 | $1,992,365 | ▼ $69,017 |
| Liabilities | |||
| Tax Exempt Bond Liabilities | $52,635,341 | $50,361,943 | ▼ $2,273,398 |
| Mortgage Notes Payable Secured by Investment Property | $37,682,557 | $38,168,428 | ▲ $485,871 |
| Accounts Payable and Accrued Expenses | $13,429,471 | $11,671,636 | ▼ $1,757,835 |
| Deferred Revenue | $2,943,306 | $4,542,356 | ▲ $1,599,050 |
| Other Liabilities | $4,360,706 | $3,296,011 | ▼ $1,064,695 |
| Unsecured Notes Loans Payable | $1,043,473 | $1,043,473 | → $0 |
| Total Liabilities | $112,094,854 | $109,083,847 | ▼ $3,011,007 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $140,909,984 | $153,835,770 | ▲ $12,925,786 |
| Net Assets Without Donor Restrictions | $23,967,024 | $21,063,099 | ▼ $2,903,925 |
| Total Net Assets Fund Balance | $164,877,008 | $174,898,869 | ▲ $10,021,861 |
| Total Liabilities and Net Assets / Fund Balance | $276,971,862 | $283,982,716 | ▲ $7,010,854 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $102,254,991 | $108,264,404 | $210,519,395 |
| Equipment | $13,380,503 | $20,345,190 | $33,725,693 |
| Leasehold Improvements | $3,536,424 | $14,282,470 | $17,818,894 |
| Land | $3,468,997 | - | $3,468,997 |
| Other Land Buildings | $175,530 | - | $175,530 |
| Other Securities | $2,358,197 | - | - |
Endowment Activity
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2023 | $120,433,137 | $7,746,868 | ▲ $16,589,894 | $9,951,506 | $132,017,859 |
| 2022 | $123,277,355 | $1,678,122 | ▲ $11,475,513 | $13,520,025 | $120,433,137 |
| 2021 | $136,739,291 | $3,772,763 | ▼ $12,310,795 | $3,198,040 | $123,277,355 |
| 2020 | $109,460,594 | $3,331,403 | ▲ $29,165,569 | $3,271,557 | $136,739,291 |
| 2019 | $109,447,757 | $1,922,362 | ▲ $3,058,579 | $3,141,569 | $109,460,594 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Mary Moore | VP Institutional Planning and Research (through Aug 2023) | FT | $130,832 | $243,301 | $374,133 |
| Tanuja Singh | University President | FT | $286,660 | $64,773 | $351,433 |
| Mary Beth Bagg | Associate Provost Admin/Deputy to Prov. (through Sept 2023) | FT | $117,615 | $227,318 | $344,933 |
| Chris Plouff | Executive VP and Provost | FT | $215,220 | $87,890 | $303,110 |
| Philip Thornton | VP of Advancement | FT | $206,440 | $37,465 | $243,905 |
| Jodi Purtee | Associate VP and Controller (through May 2024) | FT | $147,572 | $61,422 | $208,994 |
| Cyndi Carrasco | VP, General Counsel | FT | $84,684 | $1,644 | $86,328 |
Board Members and Trustees
| Name | Title |
|---|---|
| David Resnick | Chair |
| Deborah Daniels | Vice Chair |
| Adolf Hansen | Trustee |
| Annetta Beauregard | Trustee |
| Barry Howard | Trustee |
| Bill Kiesel | Trustee |
| Carolyn Coleman | Trustee |
| Charles Johnston | Trustee |
| Christopher Doehring | Trustee |
| Dan Yates | Trustee |
| David Sease | Trustee |
| Derek VanEmon | Trustee |
| Dr Tricia Hern | Trustee |
| Ed Qualls | Trustee |
| Emmanuel Harris | Trustee |
| Ersal Ozdemir | Trustee |
| Gordon Wishard | Trustee |
| Gregory Corsaro | Trustee |
| John Adams | Trustee |
| Julius Trimble | Trustee |
| Laura Jacquin | Trustee |
| Laura Strain | Trustee |
| Matthew Redshaw | Trustee |
| Michael Watkins | trustee |
| Murvin Enders | Trustee |
| Phil Terry | Trustee |
| Rev Dr Aleze Fulbright | Trustee |
| Rick Stierwalt | Trustee |
| Stephen Fry | Trustee |
| Sue Anne Gilroy | Trustee |
| Tom Martin | Trustee |
| Vicki Perry | Trustee |
| Yvonne Shaheen | Trustee |
| Kevin Armstrong | Secretary |
| Rick Graycarek | VP of Finance and Administration (as of Feb 2024) |
Highest Paid Contractors
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Quest Food Management Services | Outsourced Food Services | 2500 S HIGHLAND AVE, STE 250, Lombard, IL 60148-7100 | $6,210,856 |
| Art Of Klean | Cleaning Services | 5602 ELMWOOD AVE STE 218, Indianapolis, IN 46203-6072 | $990,084 |
| Community Occupation Health | Health Clinic Services | 1709 N POST RD, Indianapolis, IN 46219-1924 | $604,069 |
| Free Enterprise Systems | Transportation Services | One Sondrel Drive, Jeffersonville, IN 47129-2859 | $556,107 |
| EAB Education Advisory Board | Consulting Services | PO Boc 79461, Baltimore, MD 21279-0461 | $318,190 |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $40,053,784
- Program Service Revenue
- $153,862,705
- Investment Income
- $5,888,902
- Other Revenue
- $879,900
- All Other Contributions
- $16,268,611
- Change in Net Assets
- $1,215,282
Noncash Contribution Practices
- Property subject to holding requirements
- No
- Reviewed unusual noncash gifts
- Yes
- Third parties used for noncash contributions
- No
Noncash Contributions
| Contribution Type | Contribution Count | Reported Amount | Valuation Method |
|---|---|---|---|
| Securities Publicly Traded | 13 | $305,436 | Market value |
| Other Non Cash Contri Table | 13 | $13 | Cost |
| Food Inventory | 10 | $10 | Cost |
| Other Non Cash Contri Table | 1 | $1 | Cost |
| Total Noncash Contributions | 37 | $305,460 | - |
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $80,637,389 |
| Salaries, Compensation, and Employee Benefits | $66,643,138 |
| Other Expenses | $52,189,482 |
| Total Fundraising Expense | $2,075,501 |
| Professional Fundraising Fees | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Individuals | $66,921,770 | - | - | $66,921,770 |
| Other Salaries and Wages | $47,700,440 | $2,761,898 | $1,204,695 | $51,667,033 |
| Grants to Domestic Orgs | $13,715,619 | - | - | $13,715,619 |
| Depreciation Depletion | $7,850,257 | $779,776 | - | $8,630,033 |
| Office Expenses | $7,892,499 | $245,926 | $128,229 | $8,266,654 |
| Other Employee Benefits | $7,383,873 | $427,533 | $186,483 | $7,997,889 |
| Fees for Services Other | $6,421,981 | $858,001 | $44,922 | $7,324,904 |
| Occupancy | $6,327,903 | $157,116 | - | $6,485,019 |
| Interest | $3,021,811 | $973,679 | - | $3,995,490 |
| Payroll Taxes | $3,456,128 | $200,113 | $87,286 | $3,743,527 |
| Information Technology | $2,840,651 | $22,818 | - | $2,863,469 |
| Travel | $2,276,473 | $32,544 | $24,634 | $2,333,651 |
| Pension Plan Contributions | $2,096,975 | $121,417 | $52,960 | $2,271,352 |
| Insurance | $550,421 | $780,090 | - | $1,330,511 |
| Current Officers, Directors, Trustees, and Key Employees | - | $631,935 | $331,402 | $963,337 |
| Advertising | $48,644 | $534,329 | $654 | $583,627 |
| Fees for Services Legal | - | $456,946 | - | $456,946 |
| Other Expenses | $842,121 | $414,375 | $11,963 | $414,375 |
| Conferences and Meetings | $342,702 | $35,395 | $2,273 | $380,370 |
| Fees for Service Investment Mgmnt Fees | - | $333,618 | - | $333,618 |
| Fees for Services Accounting | - | $103,475 | - | $103,475 |
| Fees for Services Lobbying | $6,060 | - | - | $6,060 |
| Total Functional Expenses | $187,200,276 | $10,194,232 | $2,075,501 | $199,470,009 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| School City of Hammond | Hammond, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $988,016 |
| Indiana Wesleyan University | Marion, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $959,444 |
| Purdue University | West Lafayette, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $703,559 |
| Taylor University | Upland, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $559,886 |
| MSD Lawrence Township | Indianapolis, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $510,986 |
| School City of Warsaw | Warsaw, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $422,844 |
| MSD of Warren Township | Indianapolis, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $379,699 |
| South Bend Community School Corpora | South Bend, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $371,472 |
| Gary Community School Corporation | Gary, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $362,639 |
| Concord Community Schools | Elkhart, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $279,118 |
| Logansport Community School Corpora | Logansport, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $268,733 |
| Anderson Community School Corporati | Anderson, IN | 501c3 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $263,079 |
| Indiana State University | Terre Haute, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $253,574 |
| East Noble School Corporation | Kendallville, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $250,559 |
| Greater Clark County Schools | Jeffersonville, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $238,875 |
| Marion Community Schools | Marion, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $232,373 |
| Franklin County Community School Co | Brookville, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $195,863 |
| School City of East Chicago | East Chicago, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $192,942 |
| Randolph Central School Corp | Winchester, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $180,371 |
| Seymour Community School Corporatio | Seymour, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $173,967 |
| Perry Central Community School Corp | Leopold, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $168,272 |
| Ball State University | Muncie, IN | 501c3 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $165,973 |
| Whitley County Consolidated Schools | Columbia City, IN | - | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $162,238 |
| Madison Consolidated Schools | Madison, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $157,904 |
| Sunman-Dearborn Community Schools | St Leon, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $151,659 |
| Vigo County School Corporation | West Terre Haute, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $136,674 |
| Goshen Community Schools | Goshen, IN | 501c3 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $136,560 |
| Indianapolis Public Schools | Indianapolis, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $132,660 |
| Hamilton Southeastern School Corp | Fishers, IN | 501c3 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $130,891 |
| Greator Jasper Consolidated Schools | Jasper, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $127,809 |
| New Albany Floyd County Consolidate | New Albany, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $123,183 |
| Indiana University | Bloomington, IN | 501c3 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $120,784 |
| North Central Parke Community Schoo | Rockville, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $111,974 |
| Penn-Harris-Madison School Corporat | Mishawaka, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $111,230 |
| South Spencer County School Corp | Rockport, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $109,152 |
| Irvington Community School Inc | Indianapolis, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $106,673 |
| Vincennes Community School Corp | Vincennes, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $101,483 |
| Fort Wayne Community Schools | Fort Wayne, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $100,000 |
| Valparaiso University | Valparaiso, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $87,998 |
| Southwest School Corporation | Sullivan, IN | 501c3 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $86,801 |
| Herron-Riverside High School | Indianapolis, IN | 501c3 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $86,065 |
| Southwest Dubois County School Corp | Huntingburg, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $82,212 |
| Wawasee Community School Corporatio | Syracuse, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $73,561 |
| Butler University | Indianapolis, IN | 501c3 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $72,435 |
| Spedacts Inc | Indianapolis, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $72,428 |
| North Lawrence Community Schools | Bedford, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $71,506 |
| East Allen County Schools | New Haven, IN | 501c3 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $67,562 |
| Richland-Bean Blossom CSC | Elletsville, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $67,550 |
| Muncie Community Schools | Muncie, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $66,313 |
| Bremen Public Schools | Bremen, IN | 501c3 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $65,337 |
| Adams Central Community Schools | Monroe, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $63,050 |
| East Washington School Corporation | Pekin, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $62,735 |
| Switzerland County School Corporati | Vevay, IN | 501c3 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $62,340 |
| Pike County School Corporation | Petersburg, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $61,694 |
| South Ripley Community School Corpo | Versailles, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $61,067 |
| Tell City-Troy Township School Corp | Tell City, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $60,572 |
| MSD of Wayne Township | Indianapolis, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $60,170 |
| Jennings County Schools | North Vernon, IN | 501c3 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $59,180 |
| Teach-USA LLC | Plymouth, MI | 501c3 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $58,185 |
| South Madison Community School Corp | Pendleton, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $57,927 |
| Eminence Community School Corporati | Eminence, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $57,421 |
| Linton-Stockton School Corporation | Linton, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $57,070 |
| Northeastern Wayne School Corporati | Fountain City, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $56,177 |
| Southeast Neighborhood School of Excellence Inc | Indianapolis, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $56,038 |
| East Chicago Urban Enterprise Acade | East Chicago, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $55,706 |
| School City of Whiting | Whiting, IN | 501c3 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $54,743 |
| Springs Valley Community Schools | French Lick, IN | 501c3 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $53,863 |
| Jay County School Corp | Portland, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $53,688 |
| Wes-Del Community Schools | Gaston, IN | - | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $53,131 |
| Pioneer Regional School Corporation | Royal Center, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $52,122 |
| Norwell Community Schools | Ossian, IN | 501c3 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $51,448 |
| Delphi Community School Corporation | Delphi, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $51,080 |
| Victory College Prep | Indianapolis, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $50,784 |
| Lake Ridge New Tech Schools | Gary, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $49,297 |
| Randolph Eastern School Corp | Union City, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $48,895 |
| Bethel College | Mishawaka, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $48,746 |
| Frontier School Corporation | Chalmers, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $46,815 |
| Huntington University | Huntington, IN | 501c3 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $45,764 |
| Indiana Math and Science Academy Indianapolis | Indianapolis, IN | 501c3 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $43,819 |
| Union School Corporation | Modoc, IN | 501c3 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $42,598 |
| Sheridan Community Schools | Sheridan, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $41,450 |
| MSD of Boone Township | Hebron, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $40,719 |
| Milan Community School Corporation | Milan, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $40,285 |
| Jay School Corporation | Portland, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $40,125 |
| Greensburg Community Schools | Greensburg, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $39,812 |
| The PATH School | Indianapolis, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $39,515 |
| North Gibson School Corporation | Princeton, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $39,284 |
| Blue River Valley School Corp | New Castle, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $37,539 |
| Community School Corp of Southern H | New Palestine, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $36,648 |
| MSD of Warren County Indiana | Williamsport, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $36,459 |
| Paoli Community School Corporation | Paoli, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $36,259 |
| Indiana Math and Science Academy North Indianapolis | Indianapolis, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $35,725 |
| Shoals Community School Corporation | Shoals, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $35,611 |
| Wabash City Schools | Wabash, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $35,583 |
| Culver Community School Corporation | Culver, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $32,079 |
| School City of Hobart | Hobart, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $31,959 |
| Adelante Schools Inc | Indianapolis, IN | 501c3 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $31,880 |
| Centerville-Abington Community Scho | Centerville, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $31,839 |
| Crawford County Community School Co | Marengo, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $31,108 |
| American College of Education Inc | Indianapolis, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $30,766 |
| Steel City Academy Inc | Gary, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $29,123 |
| Middlebury Community Schools | Middlebury, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $28,481 |
| Mitchell Community Schools | Mitchell, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $27,631 |
| Elwood Community School Corporation | Elwood, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $27,233 |
| Anderson Preparatory Academy | Anderson, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $26,474 |
| Oakland City University | Oakland City, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $25,895 |
| Rising Sun Ohio Cty Comm School Co | Rising Sun, IN | 501c3 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $21,048 |
| Joshua Academy Schools | Evansville, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $19,869 |
| ACE Preparatory Inc | Indianapolis, IN | 501c3 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $19,853 |
| Delaware Community School Corp | Muncie, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $18,702 |
| Independent Colleges of Indiana Fdn | Indianapolis, IN | 501c3 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $16,490 |
| Career Academy South Bend Inc | South Bend, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $16,300 |
| University of Southern Indiana | Evansville, IN | 501c3 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $13,542 |
| Saint Mary of The Woods | St Marys of the Woods, IN | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $11,715 |
| Grace College | Winona Lake, IL | Irc115 | Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract | $7,126 |
International Summary
- Offices
- 0
- Employees
- 2
- Spending
- $2,463,621
International Compliance
- Activity in boycott countries
- No
- Foreign corporation ownership
- Yes
- Foreign partnership interest
- No
- Interest in foreign trust
- No
- Passive foreign investment company interest
- Yes
- Transfers to foreign corporations
- Yes
International Activities
| Region | Activity | Services | Offices | Employees | Spending |
|---|---|---|---|---|---|
| Central America and the Caribbean | Investments | Consulting services related to winding up of operations in region. | 0 | 0 | $2,000,656 |
| Europe (Including Iceland and Greenland) | Program Services | - | 0 | 2 | $414,375 |
| East Asia and the Pacific | Program Services | Educational Activities | 0 | 0 | $48,590 |
Fundraising, Events, and Gaming
- Fundraising activities
- Yes
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Fundraising Direct Expenses | $49,047 |
| Fundraising Gross Income | $22,650 |
| Professional Fundraising Fees | $0 |
Fundraising Events
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| GHC Golf Outing | $18,699 | $14,923 | $199 | $14,724 |
| Invitational Golf Outing | $28,366 | $3,351 | $3,687 | $-336 |
| Total Events | $57,115 | $22,650 | $49,047 | $-26,397 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- Yes
Insider Transactions and Loans
Loans and Receivables
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
| Receivables from Disqualified Persons | $0 | $0 | → $0 |
| Receivables from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Annuities and Trusts Obligations | $1,064,732 |
| Interest rate swap agreements | $1,045,402 |
| Funds Held for Student Organizations | $788,878 |
| Student Deposits | $396,999 |
Bond Issues
| Bond | Issuer | Issued | Issue Price | Purpose |
|---|---|---|---|---|
| C | Indiana Finance Authority | 2016-08-30 | $34,240,000 | SERIES 2016: Current Refund Series 2010 Bonds which were issued 8/31/10 |
| D | Indiana Finance Authority | 2017-03-22 | $11,363,964 | (SEE STATEMENT) |
| A | Indiana Finance Authority | 2021-08-31 | $6,305,000 | Series 2021: Bonds were Issued to refund the Series 2011 Bonds. |
| B | Indiana Finance Authority | 2014-08-28 | $5,881,702 | SERIES 2014: Current Refund 2004 Bonds which were issued 11/4/04 |
| A | Indiana Finance Authority | 2013-08-22 | $5,650,962 | SERIES 2013: partial refunding of the 2004 bond issue and renovation of Krannert Memorial Library |
Bond Proceeds
| Bond | Total Proceeds | Spent | Retired | Issuance Costs |
|---|---|---|---|---|
| C | $34,240,000 | $34,060,000 | $7,870,000 | $180,000 |
| D | $11,434,389 | $7,132,735 | $0 | $227,279 |
| A | $6,305,000 | $6,180,000 | $1,170,000 | $125,000 |
| B | $5,881,702 | $5,765,502 | $660,000 | $116,200 |
| A | $5,650,962 | $2,007,677 | $2,665,000 | $113,019 |
Bond Financing Compliance
- No rebate due
- Yes
- Rebate not yet due
- No
- Form 8038-T filed
- No
- Gross proceeds invested
- No
- Gross proceeds invested in GIC
- No
- Exception to rebate
- No
- Corrective action procedures
- Yes
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- Backup withholding compliance
- Yes
- Business relationship with 35% controlled entity
- No
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- Yes
- Other officer compensation reviewed
- Yes
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- Yes
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Line 1A Delegate broad authority to A committee
“The executive committee is comprised of voting board members. It includes the chairs of all the board committees, along with the chair of the board. The committee has the authority to approve the tuition rates, as well as the salary pool for the university.”
Form 990, Part VI, Line 11B Review of form 990 by governing body
“The form 990 is reviewed in detail by management. Each board member is provided the 990 prior to filing with the IRS and has the opportunity to review.”
Form 990, Part VI, Line 12C Conflict of interest policy
“Each board member annually signs a conflict of interest statement. The General Counsel reviews all signed conflict of interest statements. If a conflict of interest is disclosed, the Board Affairs and Governance Subcommittee reviews the details of the conflict of interest to ensure that the relationships are identified and conflicts are monitored. Board members with conflicts abstain from voting on those issues involving the conflict. The Department Heads of the University of Indianapolis review all invoices and transactions to ensure reasonableness and Fair market value, and also to ensure that transactions between interested persons and the organization are monitored.”
Form 990, Part VI, Line 15A Process to establish compensation of top management official
“The president's compensation is determined by the compensation committee comprised of independent persons, using comparable salary information from Forms 990 of other organizations and studies by the Journal of Higher Education. The deliberations and decisions are documented in committee minutes. This process was last undertaken in FY2019. Annually, the Chair of the Board administers a performance evaluation of the President. In FY24, based on this review, the Chair of the Board and the Executive Committee approved the President's Compensation.”
Form 990, Part VI, Line 15B Process to establish compensation of other employees
“In May or June of each fiscal year, a board committee reviews and approves an operating budget for the University which includes compensation for all University personnel. The independent Board's Executive and Senior Level Compensation and Benefits Review Committee is appointed to review executive and senior level compensation and benefits based on comparability data. The deliberations and decisions are documented in committee minutes.”
Form 990, Part VI, Line 19 Required documents available to the public
“Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are not available to the public at this time except for the financial statements which are posted each year to the EMMA website and can be viewed by the public.”
Filing and Contact Details
Filer
- Filer Name
- University of Indianapolis
- EIN
- 35-0868107
- Phone
- 8002328634
- Address
- 1400 E Hanna Avenue, Indianapolis, IN 46227-3630
Signing Officer
- Name
- Rick Graycarek
- Title
- CFO
- Phone
- 8002328634
- Signed
- 2025-05-15
- Discuss with paid preparer
- Yes
Organization Details
- Formed
- 1902
- Legal Domicile
- In
- Voting Board Members
- 35
- Independent Board Members
- 34
- Employees
- 2,239
- Volunteers
- 600
Preparer
- Firm
- Crowe Llp
- Address
- 701 13th St NW Suite 852, Washington, DC 20005
- Preparer
- Steve Lenivy
- Phone
- 2026245555
Supplemental Narrative
Additional Explanations
Form 990, Part III, Line 4D Description of other program services
“(Expenses $ 13,492,041 including grants of $ 0)(Revenue $ 16,658,803) COMMUNITY SERVICES IS THE PUBLIC SERVICE ARM OF THE UNIVERSITY. IT CONSISTS OF PROVIDING SERVICE TO THE COMMUNITY AT LARGE, ESPECIALLY PROVIDING SERVICES FOR THE AGING THROUGH THE CENTER FOR AGING AND COMMUNITY. THROUGH GRANT AND CONTRACTS WITH THE STATE AND PRIVATE AGENCIES, ASSISTANCE AND TRAINING IS PROVIDED FOR THE AGING BOTH IN QUALITY OF LIVING AND STAYING ENGAGED IN THE WORKFORCE. AUXILIARY SERVICES CONSIST MAINLY OF THE HOUSING AND DINING FACILITIES THAT SERVE STUDENTS ON CAMPUS. THE MAIN FUNCTION IS TO PROVIDE A HEALTHY AND PLEASANT ENVIRONMENT TO ENHANCE THE STUDENTS' ACADEMIC AND SOCIAL NEEDS.”
Form 990, Part XI, Line 9 Other changes in net assets or fund balances
“Change in split-interest agreements - -115694; Change in fair value of interest rate swap agreements - 584547;”
Financial Statement Notes
Schedule D, Part III, Line 4 Collections of art - description of collections
“The University holds collections of art which are displayed in various buildings on the University campus for viewing by the public. The University also holds rare books in the library for viewing and research.”
Schedule D, Part V, Line 4 Intended uses of endowment funds
“The endowment funds are intended to be used for scholarships for students, academic and program support, building maintenance and general operations support.”
Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote
“The University is exempt from income taxes under Section 501(c)(3) of the United States Internal Revenue Code and a similar provision of state law. However, the University is subject to federal income tax on any unrelated business taxable income. The University is not considered to be a private foundation. Current accounting standards require the University to disclose the amount of potential benefit or obligation to be realized as a result of an examination performed by a taxing authority. For the years ended June 30, 2024 and 2023, management has determined that the University does not have any tax positions that result in any uncertainties regarding the possible impact on the University's financial statements. The University does not expect the total amount of unrecognized tax benefits to change significantly in the next 12 months. The University recognizes interest and/or penalties related to income tax matters in income tax expense. The University did not have any amounts accrued for interest and penalties at June 30, 2024 or 2023. SOH Rental Properties, LLC is treated as a disregarded entity under the exemption of the University for taxation purposes.”
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| IRS990/Desc | 0 | WITH 3,904 UNDERGRADUATE STUDENTS AND 1,490 GRADUATE STUDENTS, THE UNIVERSITY OF INDIANAPOLIS (UINDY) IS A LEADER IN AWARDING DOCTORAL DEGREES IN INDIANA. UINDY PROCDUES MORE CLINICAL PSYCHOLOGISTS THAN ANY OTHER UNIVERSITY IN THE STATE. UINDY HAS A STUDENT-TO-FACULTY RATIO OF 12 TO 1 AND AN AVERAGE CLASS SIZE OF 16 STUDENTS. IN A NATIONAL SURVEY OF COLLEGE STUDENTS, OVER 80% OF FIRST-YEAR AND SENIOR STUDENTS RATE THEIR ENTIRE EDUCATIONAL EXPEREINCE AS 'EXCELLENT 'GOOD'. IN ADDITION, OUR FIRST-YEAR AND SENIOR STUDENTS RANK US SIGNIFICANTLY HIGHER THAN OUR PEERS IN PARTICIPATION WITH SERVICE LEARNING WITH THEIR COURSES. ALMOST TWO THIRDS OF REPORTING FRESHMAN REPORT HAVING COMPLETED AT LEAST ONE HIGH IMPACT PRACTICE SUCH AS SERVICE LEARNING, LEARNING COMMUNITY, OR RESEARCH WITH FACULTY. BY THEIR SENIOR YEAR, VIRTUALLY ALL STUDENTS HAVE COMPLETED A HIGH IMPACT PRACTICE AND ALMOST TWO-THIRDS HAVE COMPLETED MORE THAN ONE. UINDY'S CENTER OF EXCELLENCE IN LEADERSHIP OF LEARNING SUPPORTS TRANSFORMATIONAL CHANGE IN EDUCATION. UINDY'S CENTER FOR AGING & COMMUNITY HAS BEEN PROVIDING EDUCATION, POLICY INPUT, AND TRAINING TO NURSING HOMES, GOVERNMENT AGENCIES, AND INDIVIDUALS FOR OVER 20 YEARS ON REAL-WORLD PROBLEMS RELATED TO AGING. THE UNIVERSITY HAS AFFILIATIONS IN CHINA, INCLUDING A PARTNERSHIP WITH NINGBO INSTITUTE OF TECHNOLOGY. THE RUTH LILLY PERFORMANCE HALL IN THE CHRISTEL DEHAAN FINE ARTS CENTER, AN INDIANAPOLIS LANDMARK, HAS BEEN RATED ONE OF THE FINEST CONCERT HALLS IN THE MIDWEST. THE AU HO-NIEN MUSEUM FEATURES 45 PIECES OF PAINTING, POETRY AND CALLIGRAPHY BY MASTER AU HO-NIEN WHO COMBINES TRADITIONAL CHINESE PAINTING WITH WESTERN PERSPECTIVE. |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Trustee |
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