Form990
Click to see attachment
Department of the Treasury
Internal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation)

MediumBullet The organization may have to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0047
2012
Open to Public Inspection
A For the 2012 calendar year, or tax year beginning 07-01-2012 , 2012, and ending 06-30-2013
BCheck if applicable:
CName of organization
INDEPENDENT COLLEGES OF INDIANA INC
 
Doing Business As
 
 
Number and street (or P.O. box if mail is not delivered to street address)
30 SOUTH MERIDIAN STREET
Suite 800
Room/suite
City or town, state or country, and ZIP + 4
INDIANAPOLIS, IN46204
D Employer identification number

31-0901001
E Telephone number

G Gross receipts $ 31,600,806
F Name and address of principal officer:
RICHARD L LUDWICK
30 S MERIDIAN ST STE 800
INDIANAPOLIS,IN46204
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
N/A
H(a)
Is this a group return for
affiliates?
H(b)
Are all affiliates included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 1972
M State of legal domicile: IN
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: FURTHER INDEPENDENT HIGHER EDUCATION. SEE ATTACHMENT 1.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 47
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 46
5 Total number of individuals employed in calendar year 2011 (Part V, line 2a) ...... 5 13
6 Total number of volunteers (estimate if necessary) ............. 6  
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 0
b Net unrelated business taxable income from Form 990-T, line 34 ......... 7b 0
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 14,723,843 19,984,091
9 Program service revenue (Part VIII, line 2g) ......... 272,697 292,172
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 344,252 467,133
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 0 0
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 15,340,792 20,743,396
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 18,772,956 17,632,510
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 609,851 668,824
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 1,778,491 1,506,559
16a Professional fundraising fees (Part IX, column (A), line 11e)..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet465,219    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 827,865 870,054
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 21,989,163 20,677,947
19 Revenue less expenses. Subtract line 18 from line 12....... -6,648,371 65,449
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 68,072,029 67,839,950
21 Total liabilities (Part X, line 26)............. 106,478 173,359
22 Net assets or fund balances. Subtract line 21 from line 20..... 67,965,551 67,666,591
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
 
Preparer's signature
Date
PTIN
Firm's name MediumBullet

Firm's EIN MediumBullet
Firm's address MediumBullet



Phone no.
May the IRS discuss this return with the preparer shown above? (see instructions) ............
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y
Form 990 (2012)
Form 990 (2012)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response to any question in this Part III ...............
1
Briefly describe the organization’s mission: THE INDEPENDENT COLLEGES OF INDIANA (ICI) DEVELOPS AND ENHANCES THE COMPETITIVE STANDING OF ITS 31 MEMBER INDEPENDENT, NONPROFIT, REGIONALLY-ACCREDITED, DEGREE-GRANTING COLLEGES AND UNIVERSITIES AND STRIVES TO ASSURE OPPORTUNITY AND CHOICE IN HIGHER EDUCATION FOR ALL STUDENTS. THE MAIN PURPOSES AND ACTIVITIES OF ICI ARE: *TO ASSIST MEMBER INSTITUTIONS WITH INFORMATION, STAFF EXPERTISE AND OTHER APPROPRIATE RESOURCES, INCLUDING THE ADMINISTRATION OF GRANTS FOR THE COLLECTIVE BENEFIT OF MEMBER COLLEGES; *TO PROVIDE COLLECTIVE INFORMATION ABOUT INDEPENDENT HIGHER EDUCATION IN INDIANA TO PUBLIC AND PRIVATE BODIES AS APPROPRIATE; *TO REPRESENT THE INTERESTS OF THE INDEPENDENT COLLEGE SECTOR TO THE MEDIA, THE GENERAL PUBLIC AND OTHER AUDIENCES; *TO NEGOTIATE OR PROVIDE A VARIETY OF COLLECTIVE SERVICES FOR MEMBER INSTITUTIONS IN AN EFFORT TO REALIZE EFFICIENCIES OF SCALE TO REDUCE COSTS; *TO COLLECT, ANALYZE, INTERPRET, AND PROVIDE BASIC INFORMATION ABOUT THE MEMBER COLLEGES INDIVIDUALLY AND
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ......................
If “Yes,” describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program services? ............................
If “Yes,” describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 940,080 including grants of $   ) (Revenue $ 291,470 )
TO ADVANCE THE CAUSE OF AND SUPPORT INDEPENDENT HIGHER EDUCATION IN INDIANA FOR 31 MEMBER COLLEGES THROUGH FUNDRAISING, MEETINGS TO DISCUSS COMMON ISSUES, CARRYING ON BASIC RESEARCH, AND OTHER INCIDENTAL ACTIVITIES.
4b (Code:   ) (Expenses $ 18,501,990 including grants of $ 17,632,510 ) (Revenue $ 702 )
THE LILLY ENDOWMENT COMMUNITY SCHOLARSHIP PROGRAM (LECSP) HELPS TO RAISE THE LEVEL OF EDUCATIONAL ATTAINMENT IN INDIANA AND TO LEVERAGE FURTHER THE ABILITY OF INDIANA'S COMMUNITY FOUNDATIONS TO ENHANCE THE QUALITY OF LIFE OF THE STATE'S RESIDENTS BY AWARDING FULL-TUITION SCHOLARSHIPS TO STUDENTS FROM EACH COUNTY IN INDIANA. THESE SCHOLARSHIPS ARE AWARDED THROUGH AND ADMINISTERED BY THE NETWORK OF COMMUNITY FOUNDATIONS THROUGHOUT THE STATE. OVER 30 COLLEGES AND UNIVERSITIES IN INDIANA WERE SERVED.
4c (Code:   ) (Expenses $ 22,315 including grants of $   ) (Revenue $   )
INDIANA ACADEMY PROGRAM FURTHERS THE DEVELOPMENT OF BUSINESS, PUBLIC SERVICE, HIGHER EDUCATION, THE ARTS AND SCIENCES, LITERATURE, AND THE GENERAL CULTURE OF THE STATE THROUGH RECOGNITION OF INDIVIDUAL LEADERSHIP, ACHIEVEMENT, AND PHILANTHROPY DESIGNED TO PROMOTE THESE ENDS.
4d Other program services (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet19,464,385
Form 990 (2012)
Form 990 (2012)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If “Yes,” complete Schedule AClick to see attachment........................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? Click to see attachment...
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If “Yes,” complete Schedule C, Part IClick to see attachment..........
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If “Yes,” complete Schedule C, Part IIClick to see attachment........
4
Yes
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If “Yes,” complete Schedule C,
Part III............................
5
 
 
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If “Yes,” complete Schedule D, Part IClick to see attachment........................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If “Yes,” complete Schedule D, Part IIClick to see attachment...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If “Yes,” complete Schedule D, Part III Click to see attachment....................
8
 
No
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If “Yes,” complete Schedule D, Part IVClick to see attachment..............
9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If “Yes,” complete Schedule D, Part VClick to see attachment......
10
Yes
 
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10?
If “Yes,” complete Schedule D, Part VI.Click to see attachment...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VIIClick to see attachment.......
11b
 
No
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VIIIClick to see attachment.......
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part IXClick to see attachment............
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If “Yes,” complete Schedule D, Part XClick to see attachment
11e
 
No
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If “Yes,” complete Schedule D, Part XClick to see attachment.........................
11f
 
No
12a
Did the organization obtain separate, independent audited financial statements for the tax year?
If “Yes,” complete Schedule D, Parts XI and XII Click to see attachment.................
12a
Yes
 
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If “Yes,” and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
12b
 
No
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If “Yes,” complete Schedule E....
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States?.....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If “Yes,” complete Schedule F, Parts I and IV.........
14b
 
No
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any organization or entity located outside the United States? If “Yes,” complete Schedule F, Parts II and IV
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance to individuals located outside the United States? If “Yes,” complete Schedule F, Parts III and IV...
16
 
No
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If “Yes,” complete Schedule G, Part I (see instructions)....
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If “Yes,” complete Schedule G, Part II............
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If “Yes,” complete Schedule G, Part III...................
19
 
No
20a
Did the organization operate one or more hospital facilities? If “Yes,” complete Schedule H....
20a
 
No
b
If “Yes” to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
Form 990 (2012)
Form 990 (2012)
Page 4
Part IV
Checklist of Required Schedules (continued)
21
Did the organization report more than $5,000 of grants and other assistance to any government or organization in the United States on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II... Click to see attachment
21
Yes
 
22
Did the organization report more than $5,000 of grants and other assistance to individuals in the United States on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........ Click to see attachment
22
Yes
 
23
Did the organization answer “Yes” to Part VII, Section A, line 3, 4, or 5 about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If “Yes,” complete Schedule J....................... Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25................
24a
 
No
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
 
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................
24c
 
 
d
Did the organization act as an “on behalf of” issuer for bonds outstanding at any time during the year?...
24d
 
 
25a
Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If “Yes,” complete Schedule L, Part I........
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If “Yes,” complete Schedule L, Part I...................
25b
 
No
26
Was a loan to or by a current or former officer, director, trustee, key employee, highest compensated employee, or disqualified person outstanding as of the end of the organization’s tax year? If “Yes,” complete Schedule L,
Part II..........................
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If “Yes,” complete Schedule L, Part III.........
27
 
No
28
Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If “Yes,” complete Schedule L, Part IV ..........................
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If “Yes,”
complete Schedule L, Part IV.....................
28b
 
No
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner? If “Yes,” complete Schedule L, Part IV...
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If “Yes,” complete Schedule M..
29
 
No
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If “Yes,” complete Schedule M.............
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If “Yes,” complete Schedule N,
Part I...........................
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If “Yes,” complete Schedule N, Part II......................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If “Yes,” complete Schedule R, Part I........ Click to see attachment
33
 
No
34
Was the organization related to any tax-exempt or taxable entity? If “Yes,” complete Schedule R, Part II, III, or IV, and Part V, line 1........................ Click to see attachment
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
 
No
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If “Yes,” complete Schedule R, Part V, line 2...
35b
 
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If “Yes,” complete Schedule R, Part V, line 2............. Click to see attachment
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If “Yes,” complete Schedule R, Part VIClick to see attachment
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2012)
Form 990 (2012)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response to any question in this Part V ...............
Yes
No
1a
Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable ..
1a
28
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
13
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
 
No
b
If “Yes,” has it filed a Form 990-T for this year? If “No,” provide an explanation in Schedule O.....
3b
 
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?..........................
4a
 
No
b
If "Yes," enter the name of the foreign country: MediumBullet
See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If “Yes,” to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?...
6a
 
No
b
If “Yes,” did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................
7a
 
No
b
If “Yes,” did the organization notify the donor of the value of the goods or services provided?.....
7b
 
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................
7c
 
No
d
If “Yes,” indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?............................
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?............................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting organizations. Did the supporting organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year?............
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the organization make any taxable distributions under section 4966?..........
9a
 
 
b
Did the organization make a distribution to a donor, donor advisor, or related person?.......
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If “Yes,” enter the amount of tax-exempt interest received or accrued during the year. ....................
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If “No,” provide an explanation in Schedule O..
14b
 
 
Form 990 (2012)
Form 990 (2012)
Page 6
Part VI
Governance, Management, and Disclosure For each “Yes” response to lines 2 through 7b below, and for a “No” response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response to any question in this Part VI ...............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year .....................
1a
47
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent ...................
1b
46
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
 
No
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? ...........................
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
 
No
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
 
No
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .........................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If “Yes,” provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If “Yes,” did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
 
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
 
No
b
Describe in Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If “No,” go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If “Yes,” describe in Schedule O how this was done.......................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions).
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
 
No
b
If “Yes,” did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
IN
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how), the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, physical address, and telephone number of the person who possesses the books and records of the organization:
MediumBulletINDEPENDENT COLLEGES OF IN I30 S MERIDIAN STREET SUITE 800INDIANAPOLISIN46204 (317) 236-6090
Form 990 (2012)
Form 990 (2012)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response to any question in this Part VII ...............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(1) DR RONALD MAY........................................................................
DIRECTOR
 1.0
.......................40.0 		X           0 165,002 0
(2) DR JAMES EDWARDS........................................................................
DIRECTOR
 1.0
.......................40.0 		X           0 223,502 56,700
(3) DR STEVEN CRAMER........................................................................
DIRECTOR
 1.0
.......................40.0 		X             193,405 18,509
(4) DR JAMES M DANKO........................................................................
DIRECTOR
 1.0
.......................40.0 		X             478,135 50,843
(5) DR DANIEL LOWERY........................................................................
DIRECTOR
 1.0
.......................40.0 		X             157,579 9,398
(6) DR BRIAN CASEY........................................................................
DIRECTOR
 1.0
.......................40.0 		X             461,819 26,153
(7) DR J DAVID DAWSON........................................................................
DIRECTOR
 1.0
.......................40.0 		X             323,814 63,646
(8) DR JAMES MOSELEY........................................................................
DIRECTOR
 1.0
.......................40.0 		X   X         258,707 41,067
(9) DR JAMES BRENNEMAN........................................................................
DIRECTOR
 1.0
.......................40.0 		X             154,020 14,523
(10) DR BILL KATIP........................................................................
DIRECTOR
 1.0
.......................40.0 		X             149,111 83,850
(11) DR SUE DEWINE........................................................................
DIRECTOR
 1.0
.......................40.0 		X             305,831 22,492
(12) DR BLAIR DOWDEN........................................................................
DIRECTOR
 1.0
.......................40.0 		X             180,220 47,276
(13) DR ARTHUR SNYDER........................................................................
DIRECTOR
 1.0
.......................40.0 		X             389,203 70,808
(14) DR HENRY SMITH........................................................................
DIRECTOR
 1.0
.......................40.0 		X             235,050 91,204
(15) DR JO YOUNG SWITZER........................................................................
DIRECTOR
 1.0
.......................40.0 		X   X         269,967 125,091
(16) MR DANIEL ELSENER........................................................................
DIRECTOR
 1.0
.......................40.0 		X             415,436 49,004
(17) DR GEORGE E MILLER III........................................................................
DIRECTOR
 1.0
.......................40.0 		X             152,298  
Form 990 (2012)
Form 990 (2012)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(18) DR RAY BARBER........................................................................
DIRECTOR
 1.0
.......................40.0 		X             126,272 49,000
(19) DR DENNIS RIEGELNEGG........................................................................
DIRECTOR
 1.0
.......................40.0 		X             196,845 32,923
(20) DR DOTTIE KING........................................................................
DIRECTOR
 1.0
.......................40.0 		X             192,916 24,332
(21) DR CAROL ANN MOONEY........................................................................
DIRECTOR
 1.0
.......................40.0 		X             264,691 101,690
(22) DR EUGENE HABECKER........................................................................
DIRECTOR
 1.0
.......................40.0 		X             219,942 62,103
(23) DR EARL BROOKS II........................................................................
DIRECTOR
 1.0
.......................40.0 		X             452,251 68,475
(24) DR THOMAS A KAZEE........................................................................
DIRECTOR
 1.0
.......................40.0 		X             318,201 171,427
(25) DR ROBERT L MANUEL........................................................................
DIRECTOR
 1.0
.......................40.0 		X   X         158,995 23,345
(26) REV JOHN JENKINS........................................................................
DIRECTOR
 1.0
.......................40.0 		X             686,480 143,639
(27) MR MARK HECKLER........................................................................
DIRECTOR
 1.0
.......................40.0 		X             362,870 17,500
(28) DR PATRICK WHITE........................................................................
DIRECTOR
 1.0
.......................40.0 		X   X         251,719 39,136
(29) MR B PATRICK BAUER........................................................................
DIRECTOR
 1.0
.......................   		X                
(30) MR WILLIAM FRIEND........................................................................
DIRECTOR
 1.0
.......................   		X                
(31) MR GREGORY PORTER........................................................................
DIRECTOR
 1.0
.......................   		X                
(32) MR P ERIC TURNER........................................................................
DIRECTOR
 1.0
.......................   		X                
(33) MR TIMOTHY LANANE........................................................................
DIRECTOR
 1.0
.......................   		X                
(34) MR DOUGLAS BAKKEN........................................................................
DIRECTOR
 1.0
.......................   		X                
(35) MR JOHN KINMAN........................................................................
DIRECTOR
 1.0
.......................   		X                
(36) MR ROBERT KOCH II........................................................................
DIRECTOR
 1.0
.......................   		X                
(37) MR MORRIS MILLS........................................................................
DIRECTOR
 1.0
.......................   		X                
(38) MR CHRISTOPHER MURPHY III........................................................................
DIRECTOR
 1.0
.......................   		X                
(39) MS MARIA QUINTANA........................................................................
DIRECTOR
 1.0
.......................   		X                
(40) DR THOMAS SARGENT........................................................................
DIRECTOR
 1.0
.......................   		X                
(41) MS YVONNE SHAHEEN........................................................................
DIRECTOR
 1.0
.......................   		X                
(42) MR JIM BANKS........................................................................
DIRECTOR
 1.0
.......................   		X                
(43) MR JOHN BRODEN........................................................................
DIRECTOR
 1.0
.......................   		X                
(44) ED CHARBONNEAU........................................................................
DIRECTOR
 1.0
.......................   		X                
(45) SISTER ELISE KRISS OSF........................................................................
DIRECTOR
 1.0
.......................40.0 		X                
(46) DR JOHN PAIGE CSC........................................................................
DIRECTOR
 1.0
.......................40.0 		X           0    
(47) DR JAMES CONWELL........................................................................
DIRECTOR
 1.0
.......................40.0 		X                
(48) MR RICHARD LUDWICK........................................................................
PRESIDENT
 37.5
.......................   		    X       211,535   32,962
(49) LAURA BRIDGES........................................................................
DIRECTOR OF FINANCE
 37.5
.......................   		    X       60,885   18,813
(50) MARY ELLEN HAMER........................................................................
COMMUNICATIONS & OUTREACH DIR
 37.5
.......................   		        X   110,791   25,041
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 383,211 7,744,281 1,580,950
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organizationMediumBullet2
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If “Yes,” complete Schedule J for such individual ..............
3
 
No
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If “Yes,” complete Schedule J for such individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If “Yes,” complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet0
Form 990 (2012)
Form 990 (2012)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response to any question in this Part VIII ..............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512, 513, or 514
Contributions, Gifts, Grants and Other Similar Amounts 1a Federated campaigns..1a  
b Membership dues....1b 1,198,920
c Fundraising events....1c  
d Related organizations...1d  
e Government grants (contributions)1e  
f All other contributions, gifts, grants, and
similar amounts not included above1f 		18,785,171
g Noncash contributions included in lines
1a-1f:$ 		 
h Total. Add lines 1a-1f.......MediumBullet 19,984,091
Program Service Revenue Business Code
2a C.S.I INCOME 611710 291,470 291,470    
b OTHER INCOME 611710 702 702    
c
d
e
f All other program service revenue .        
g Total. Add lines 2a–2f........MediumBullet 292,172
Other Revenue 3 Investment income (including dividends, interest, and other similar amounts).......MediumBullet 431,955     431,955
4 Income from investment of tax-exempt bond proceeds..MediumBullet 0      
5 Royalties...........MediumBullet 0      
(i) Real (ii) Personal
6a Gross rents    
b Less: rental expenses    
c Rental income or (loss) 0 0
d Net rental income or (loss).......MediumBullet 0      
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 10,892,588  
b Less: cost or other basis and sales expenses 10,857,410  
c Gain or (loss) 35,178  
d Net gain or (loss)..........MediumBullet 35,178     35,178
8a Gross income from fundraising events (not including
$  
of contributions reported on line 1c). See Part IV, line 18 ..
a  
b Less: direct expenses ...b  
c Net income or (loss) from fundraising events..MediumBullet 0    
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities...MediumBullet 0      
10a Gross sales of inventory, less
returns and allowances .
a  
b Less: cost of goods sold ..b  
c Net income or (loss) from sales of inventory..MediumBullet 0      
Miscellaneous Revenue Business Code
11a            
b            
c            
d All other revenue ....        
e Total. Add lines 11a–11d ...... MediumBullet 0
12 Total revenue. See Instructions......MediumBullet 20,743,396 292,172   467,133
Form 990 (2012)
Form 990 (2012)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response to any question in this Part IX ...............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to governments and organizations in the United States. See Part IV, line 21 732,000 732,000
2 Grants and other assistance to individuals in the United States. See Part IV, line 22 16,900,510 16,900,510
3 Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16 0  
4 Benefits paid to or for members 668,824 668,824
5 Compensation of current officers, directors, trustees, and key employees .... 346,582 173,291 103,975 69,316
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .... 0      
7 Other salaries and wages 873,914 436,957 262,174 174,783
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 73,300 36,650 21,990 14,660
9 Other employee benefits ....... 150,806 75,403 45,242 30,161
10 Payroll taxes ........... 61,957 30,979 18,587 12,391
11 Fees for services (non-employees):        
a Management ...... 0      
b Legal ......... 22,580 11,290 6,774 4,516
c Accounting ........... 47,730 23,865 14,319 9,546
d Lobbying ........... 63,692 31,846 19,108 12,738
e Professional fundraising services. See Part IV, line 17 0  
f Investment management fees ...... 50,512   50,512  
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) ........ 87,336 43,668 26,201 17,467
12 Advertising and promotion .... 35,700 17,850 10,710 7,140
13 Office expenses ....... 281,190 140,595 84,357 56,238
14 Information technology ...... 0      
15 Royalties .. 0      
16 Occupancy ........... 83,620 41,810 25,086 16,724
17 Travel ............ 48,466 24,233 14,540 9,693
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ...... 0      
19 Conferences, conventions, and meetings .... 37,964 18,982 11,389 7,593
20 Interest ........... 0      
21 Payments to affiliates ....... 0      
22 Depreciation, depletion, and amortization ..... 50,136 25,068 15,041 10,027
23 Insurance .............. 15,684 7,842 4,705 3,137
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a MEMBERSHIP DUES 41,010 20,505 12,303 8,202
b MISCELLANEOUS EXPENSES 4,434 2,217 1,330 887
c
d
e All other expenses        
25 Total functional expenses. Add lines 1 through 24e 20,677,947 19,464,385 748,343 465,219
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2012)
Form 990 (2012)
Page 11
Part X Balance Sheet Check if Schedule O contains a response to any question in this Part X ...............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash—non-interest-bearing ............. 100 1 100
2 Savings and temporary cash investments ......... 16,301,216 2 40,200,850
3 Pledges and grants receivable, net ........... 12,757,027 3 0
4 Accounts receivable, net ............. 0 4 0
5 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..................
0 5 0
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
0 6 0
7 Notes and loans receivable, net ............. 0 7 0
8 Inventories for sale or use .............. 0 8 0
9 Prepaid expenses and deferred charges .......... 231,470 9 31,553
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 1,332,318
b Less: accumulated depreciation ..... 10b 327,166 1,116,642 10c 1,005,152
11 Investments—publicly traded securities .......... 37,665,574 11 26,602,295
12 Investments—other securities. See Part IV, line 11 ..... 0 12 0
13 Investments—program-related. See Part IV, line 11 ..... 0 13 0
14 Intangible assets ............... 0 14 0
15 Other assets. See Part IV, line 11 ........... 0 15 0
16 Total assets. Add lines 1 through 15 (must equal line 34)...... 68,072,029 16 67,839,950
Liabilities 17 Accounts payable and accrued expenses ......... 106,478 17 173,359
18 Grants payable ................. 0 18 0
19 Deferred revenue ................ 0 19 0
20 Tax-exempt bond liabilities ............. 0 20 0
21 Escrow or custodial account liability. Complete Part IV of Schedule D.. 0 21 0
22 Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L.......... 0 22 0
23 Secured mortgages and notes payable to unrelated third parties .. 0 23 0
24 Unsecured notes and loans payable to unrelated third parties .... 0 24 0
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D.................... 0 25 0
26 Total liabilities. Add lines 17 through 25......... 106,478 26 173,359
Net Assets or Fund Balance Organizations that follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets .............. 2,904,370 27 2,885,886
28 Temporarily restricted net assets ........... 64,937,413 28 64,660,937
29 Permanently restricted net assets ........... 123,768 29 119,768
Organizations that do not follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds ........   30  
31 Paid-in or capital surplus, or land, building or equipment fund .....   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ........... 67,965,551 33 67,666,591
34 Total liabilities and net assets/fund balances ........ 68,072,029 34 67,839,950
Form 990 (2012)
Form 990 (2012)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response to any question in this Part XI ...............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
20,743,396
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
20,677,947
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
65,449
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
67,965,551
5
Net unrealized gains (losses) on investments ...............
5
-248,932
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
-115,477
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B))
10
67,666,591
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response to any question in this Part XII ..............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If “Yes,” to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133?
3a
 
No
b
If “Yes,” did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits
3b
 
 
Form 990 (2012)
Form 990, Special Condition Description:
Special Condition Description
Additional Data


Software ID:  
Software Version:  
SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ. right arrow See separate instructions.
OMB No. 1545-0047
2012
Open to Public
Inspection
Name of the organization
INDEPENDENT COLLEGES OF INDIANA INC
 
Employer identification number

31-0901001
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions.
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
f
g
(i) A person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the supported organization? ................
11g(i)
 
No
(ii) A family member of a person described in (i) above? ......................
11g(ii)
 
No
(iii) A 35% controlled entity of a person described in (i) or (ii) above? ................
11g(iii)
 
No
h
Provide the following information about the supported organization(s).
(i) Name of supported organization (ii) EIN (iii) Type of organization (described on lines 1- 9 above or IRC section (see instructions)) (iv) Is the organization in col. (i) listed in your governing document? (v) Did you notify the organization in col. (i) of your support? (vi) Is the organization in col. (i) organized in the U.S.? (vii) Amount of monetary support
Yes No Yes No Yes No
(A) ANCILLA COLLEGE
  		356071917 02 Yes   Yes   Yes   12,916
(B) ANDERSON UNIVERSITY
  		350867954 02 Yes   Yes   Yes   11,677
(C) BETHEL COLLEGE
  		350935587 02 Yes   Yes   Yes   11,927
(D) BUTLER UNIVERSITY
  		350867977 02 Yes   Yes   Yes   11,684
(E) CALUMET COLLEGE OF ST JOSEPH
  		351087173 02 Yes   Yes   Yes   11,683
(F) DEPAUW UNIVERSITY
  		350869045 02 Yes   Yes   Yes   62,364
(G) EARLHAM COLLEGE
  		350868073 02 Yes   Yes   Yes   11,683
(H) FRANKLIN COLLEGE
  		350868086 02 Yes   Yes   Yes   11,684
(I) GOSHEN COLLEGE
  		352158366 02 Yes   Yes   Yes   11,684
(J) GRACE COLLEGE
  		350868095 02 Yes   Yes   Yes   11,684
(K) HANOVER COLLEGE
  		350868096 02 Yes   Yes   Yes   11,684
(L) HOLY CROSS COLLEGE
  		351148835 02 Yes   Yes   Yes   11,684
(M) HUNTINGTON UNIVERSITY
  		350868101 02 Yes   Yes   Yes   11,683
(N) INDIANA INSTITUTE OF TECHNOLOGY
  		350845258 02 Yes   Yes   Yes   11,683
(O) INDIANA WESLEYAN UNIVERSITY
  		350885591 02 Yes   Yes   Yes   11,683
(P) MANCHESTER COLLEGE
  		350868127 02 Yes   Yes   Yes   12,644
(Q) MARIAN UNIVERSITY
  		350868175 02 Yes   Yes   Yes   29,814
(R) MARTIN UNIVERSITY
  		310970262 02 Yes   Yes   Yes   11,683
(S) OAKLAND CITY UNIVERSITY
  		350869093 02 Yes   Yes   Yes   11,684
(T) ROSE-HULMAN INSTITUTE OF TECHNOLOGY
  		350868149 02 Yes   Yes   Yes   62,961
(U) SAINT JOSEPH'S COLLEGE
  		350868152 02 Yes   Yes   Yes   11,684
(V) SAINT MARY-OF-THE-WOODS COLLEGE
  		351065063 02 Yes   Yes   Yes   11,684
(W) SAINT MARY'S COLLEGE
  		350868158 02 Yes   Yes   Yes   23,928
(X) TAYLOR UNIVERSITY
  		350868181 02 Yes   Yes   Yes   40,442
(Y) TRINE UNIVERSITY
  		350715530 02 Yes   Yes   Yes   12,666
(Z) UNIVERSITY OF EVANSVILLE
  		350868074 02 Yes   Yes   Yes   14,184
(AA) UNIVERSITY OF INDIANAPOLIS
  		350868107 02 Yes   Yes   Yes   11,684
(AB) UNIVERSITY OF NOTRE DAME
  		350868188 02 Yes   Yes   Yes   11,683
(AC) UNIVERSITY OF SAINT FRANCIS
  		350886846 02 Yes   Yes   Yes   57,221
(AD) VALPARAISO UNIVERSITY
  		350868125 02 Yes   Yes   Yes   56,048
(AE) WABASH COLLEGE
  		350868202 02 Yes   Yes   Yes   61,411
Total                 668,824

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990EZ.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2012
Schedule A (Form 990 or 990-EZ) 2012
Page 2
Part II
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) 2012 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....            
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......            
3 The value of services or facilities furnished by a governmental unit to the organization without charge..            
4 Total. Add lines 1 through 3            
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..            
6 Public support. Subtract line 5 from line 4.            
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) 2012 (f) Total
7 Amounts from line 4..            
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...            
9 Net income from unrelated business activities, whether or not the business is regularly carried on..            
10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)..            
11 Total support (Add lines 7 through 10).            
12
12
 
13
First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization, check this box and stop here........................................right arrow
Section C. Computation of Public Support Percentage
14
14
 
15
15
 
16a
b
17a
b
18
Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow
Schedule A (Form 990 or 990-EZ) 2012
Schedule A (Form 990 or 990-EZ) 2012
Page 3
Part III
Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) 2012 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .            
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......            
3 Gross receipts from activities that are not an unrelated trade or business under section 513..            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge..            
6 Total. Add lines 1 through 5.            
7a Amounts included on lines 1, 2, and 3 received from disqualified persons...            
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.            
c Add lines 7a and 7b..            
8 Public support (Subtract line 7c from line 6.)            
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) 2012 (f) Total
9 Amounts from line 6...            
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b.            
11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.) ..            
13 Total support. (Add lines 9, 10c, 11, and 12.)..            
14
Section C. Computation of Public Support Percentage
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
19a
b
20
Schedule A (Form 990 or 990-EZ) 2012
Schedule A (Form 990 or 990-EZ) 2012
Page 4
Part IV
Supplemental Information. Complete this part to provide the explanations required by Part II, line 10; Part II, line 17a or 17b; and Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Explanation
 
 
 
 
Schedule A (Form 990 or 990-EZ) 2012

Additional Data


Software ID:  
Software Version:  
Schedule B
(Form 990, 990-EZ,
or 990-PF)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors
Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
OMB No. 1545-0047
2012
Name of the organization
INDEPENDENT COLLEGES OF INDIANA INC
 
Employer identification number

31-0901001
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ





Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......................... Arrow Bullet   $    
Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990; or check the box on line H of its
Form 990-EZ or on Part I, line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2012)

Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
Page 2
Name of organization
INDEPENDENT COLLEGES OF INDIANA INC
  		Employer identification number

31-0901001
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
     
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
RESTRICTED
RESTRICTED
 

     
RESTRICTED
RESTRICTED  
RESTRICTED, RESTRICTED   RESTRICTED

$RESTRICTED


(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  


(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  


(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  


(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  


(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  


(Complete Part II if there is a noncash contribution.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
Page 3
Name of organization
INDEPENDENT COLLEGES OF INDIANA INC
  		Employer identification number

31-0901001
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
     
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
Page 4
Name of organization
INDEPENDENT COLLEGES OF INDIANA INC
  		Employer identification number

31-0901001
Part III
Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Additional Data


Software ID:  
Software Version:  
SCHEDULE C
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527
SchCMd Bullet Complete if the organization is described below.SchCMd Bullet Attach to Form 990 or Form 990-EZ.
SchCMd Bullet See separate instructions.
OMB No. 1545-0047
2012
Open to Public
Inspection
If the organization answered “Yes” to Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet Section 527 organizations: Complete Part I-A only.
If the organization answered “Yes” to Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)): Complete Part II-A. Do not complete Part II-B.
Round Bullet Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered “Yes” to Form 990, Part IV, Line 5 (Proxy Tax) or Form 990-EZ, Part V, line 35c (Proxy Tax), then
Round Bullet Section 501(c)(4), (5), or (6) organizations: Complete Part III.
Name of the organization
INDEPENDENT COLLEGES OF INDIANA INC
 
Employer identification number

31-0901001
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

1
Provide a description of the organization’s direct and indirect political campaign activities in Part IV.
2
Political expenditures ....................................SchCMd Bullet
$  
3
Volunteer hours ........................................
 

Part I-B
Complete if the organization is exempt under section 501(c)(3).
1
Enter the amount of any excise tax incurred by the organization under section 4955 .........SchCMd Bullet
$  
2
Enter the amount of any excise tax incurred by organization managers under section 4955 ......SchCMd Bullet
$  
3
If the organization incurred a section 4955 tax, did it file Form 4720 for this year? ..............
4a
Was a correction made? .........................................
b
If "Yes," describe in Part IV.
Part I-C
Complete if the organization is exempt under section 501(c), except section 501(c)(3).
1
Enter the amount directly expended by the filing organization for section 527 exempt function activities SchCMd Bullet
$  
2
Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ...................................SchCMd Bullet

$  
3
Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b..SchCMd Bullet

$  
4
Did the filing organization file Form 1120-POL for this year? ..........................
5
Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.
(a) Name (b) Address (c) EIN (d) Amount paid from filing organization's funds. If none, enter -0-. (e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.










For Paperwork Reduction Act Notice, see the instructions for Form 990 or 990-EZ.
Cat. No. 50084S
Schedule C (Form 990 or 990-EZ) 2012

Schedule C (Form 990 or 990-EZ) 2012
Page 2
Part II-A
Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).
A Check SchCMd Bulletexpenses, and share of excess lobbying expenditures).
B Check SchCMd Bullet
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.) 		(a) Filing
organization's
totals 		(b) Affiliated group
totals
1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ......    
b Total lobbying expenditures to influence a legislative body (direct lobbying) .......    
c Total lobbying expenditures (add lines 1a and 1b) ...................    
d Other exempt purpose expenditures ........................    
e Total exempt purpose expenditures (add lines 1c and 1d) ...............    
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		    
  If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:    
  Not over $500,00020% of the amount on line 1e.    
  Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.    
  Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.    
  Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.    
  Over $17,000,000$1,000,000.    
       
g Grassroots nontaxable amount (enter 25% of line 1f) .................    
h Subtract line 1g from line 1a. If zero or less, enter -0-. ................    
i Subtract line 1f from line 1c. If zero or less, enter -0-. ................    
j If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting
section 4911 tax for this year? ......................................

4-Year Averaging Period Under Section 501(h)
(Some organizations that made a section 501(h) election do not have to complete all of the five
columns below. See the instructions for lines 2a through 2f on page 4.)
Lobbying Expenditures During 4-Year Averaging Period
  Calendar year (or fiscal year
beginning in) 		(a) 2009 (b) 2010 (c) 2011 (d) 2012 (e) Total
             
2a Lobbying nontaxable amount          
             
b Lobbying ceiling amount
(150% of line 2a, column(e)) 		         
             
c Total lobbying expenditures          
             
d Grassroots nontaxable amount          
             
e Grassroots ceiling amount
(150% of line 2d, column (e))		          
             
f Grassroots lobbying expenditures          
Schedule C (Form 990 or 990-EZ) 2012


Schedule C (Form 990 or 990-EZ) 2012
Page 3
Part II-B
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).
For each “Yes” response to lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.
(a)
No
Yes
(b)
Amount
1
During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:
a
Volunteers? .........................................
 
No
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ....
Yes
 
c
Media advertisements? ....................................
 
No
 
d
Mailings to members, legislators, or the public? .........................
 
No
 
e
Publications, or published or broadcast statements? .......................
 
No
 
f
Grants to other organizations for lobbying purposes? .......................
 
No
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? ........
Yes
 
 
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ......
 
No
 
i
Other activities? ..........................
Yes
 
63,962
j
Total. Add lines 1c through 1i ...............................
63,962
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
No
b
If "Yes," enter the amount of any tax incurred under section 4912 .................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 .....
 
d
If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? .......
 
No
Part III-A
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).
Yes
No
1
Were substantially all (90% or more) dues received nondeductible by members? ................
1
 
 
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ................
2
 
 
3
Did the organization agree to carry over lobbying and political expenditures from the prior year? ..........
3
 
 
Part III-B
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2, are answered “No” OR (b) Part III-A, line 3, is answered “Yes."
1
Dues, assessments and similar amounts from members .....................
1
 
2
Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political
expenses for which the section 527(f) tax was paid).
a
Current year .........................................
2a
 
b
Carryover from last year ....................................
2b
 
c
Total ............................................
2c
 
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
 
4
If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ................................
4
 
5
Taxable amount of lobbying and political expenditures (see instructions) ..............
5
 
Part IV
Supplemental Information
Complete this part to provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, line 2; and Part ll-B, line 1. Also, complete this part for any additional information.
Identifier Return Reference Explanation
OTHER ACTIVITIES SCHEDULE C, PART II-B, LINE 1I ICI HAS HIRED BARNES AND THORNBURG TO ASSIST IN DEVELOPING EFFECTIVE LEGISLATIVE STRATEGIES, MONITORING LEGISLATION RELATIVE TO ICI'S INTERESTS, DRAFTING OF LEGISLATION AS REQUIRED, AND ASSISTING WITH PREPARATION OF ALL FILINGS TO BE IN COMPLIANCE WITH LOBBYING LAWS.
Schedule C (Form 990 or 990EZ) 2012

Additional Data


Software ID:  
Software Version:  

SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b
SchDMd Bullet Attach to Form 990. SchDMd Bullet See separate instructions.
OMB No. 1545-0047
2012
Open to Public Inspection
Name of the organization
INDEPENDENT COLLEGES OF INDIANA INC
 
Employer identification number

31-0901001
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .........    
2 Aggregate contributions to (during year) ...    
3 Aggregate grants from (during year) .....    
4 Aggregate value at end of year ........    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ....................... 2a  
b Total acreage restricted by conservation easements .................. 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register .................... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................
6
Staff and volunteer hours devoted to monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .......................................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenues included in Form 990, Part VIII, line 1 ........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ..............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958) relating to these items:
a
Revenues included in Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2012

Schedule D (Form 990) 2012
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b
If "Yes," explain the arrangement in Part XIII and complete the following table:
Amount
c Beginning balance ................................. 1c  
d Additions during the year .............................. 1d  
e Distributions during the year ............................. 1e  
f Ending balance ................................... 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21? .....................
b
If “Yes,” explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ........
Part V
Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)Current year (b)Prior year b (c)Two years back (d)Three years back (e)Four years back
1a Beginning of year balance .... 123,767 123,767 123,764 139,419 139,411
b Contributions ........       3,055  
c Net investment earnings, gains, and losses     3 5 8
d Grants or scholarships ..... 4,000        
e Other expenditures for facilities
and programs ........ 		      18,715  
f Administrative expenses ....          
g End of year balance ...... 119,767 123,767 123,767 123,764 139,419
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet  
b
Permanent endowment SchDMd Bullet100.000 %
c
Temporarily restricted endowment SchDMd Bullet  
The percentages in lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations ........................
3a(i)
 
No
(ii) related organizations ........................
3a(ii)
 
No
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .................      
b Buildings ................ 0 1,107,396 168,889 938,507
c Leasehold improvements ............        
d Equipment ................ 0 224,922 158,277 66,645
e Other .................        
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......SchDMdBullet 1,005,152
Schedule D (Form 990) 2012

Schedule D (Form 990) 2012
Page 3
Part VII
Investments—Other Securities. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b)Book value (c) Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives    
(2)Closely-held equity interests    
Other








Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet  
Part VIII
Investments—Program Related. See Form 990, Part X, line 13.
(a) Description of investment type (b) Book value (c) Method of valuation:
Cost or end-of-year market value








Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. See Form 990, Part X, line 15.
(a) Description (b) Book value








Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
Federal income taxes  








Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet  
2. Fin 48 (ASC 740) Footnote. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII .....................................................
Schedule D (Form 990) 2012

Schedule D (Form 990) 2012
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
1 Total revenue, gains, and other support per audited financial statements ....... 1 19,944,293
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains on investments .......... 2a -248,932
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ............ 2d  
e Add lines 2a through 2d ..................... 2e -248,932
3 Subtract line 2e from line 1..................... 3 20,193,225
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIII.) ........... 4b 550,171
c Add lines 4a and 4b....................... 4c 550,171
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5 20,743,396
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
1 Total expenses and losses per audited financial statements ........... 1 20,243,253
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities .......... 2a  
b Prior year adjustments .............. 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ............ 2d 115,477
e Add lines 2a through 2d...................... 2e 115,477
3 Subtract line 2e from line 1..................... 3 20,127,776
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIII.) ............ 4b 550,171
c Add lines 4a and 4b....................... 4c 550,171
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5 20,677,947
Part XIII
Supplemental Information
Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Identifier Return Reference Explanation
INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 THE ENDOWMENT FUND IS USED TO SUPPORT SCHOLARSHIPS AND GENERAL OPERATION.
FIN 48 DISCLOSURE SCHEDULE D, PART X MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS.
RECONCILIATION OF REVENUE PER AUDITED FINANCIAL STATEMENTS SCHEDULE D, PART XI, LINE 4B AMOUNTS DISTRIBUTED TO MEMBER COLLEGES: $550,171
RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS SCHEDULE D, PART XII, LINE 2D UNREALIZED LOSS ON BUILDING HELD FOR SALE: $115,477
RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS SCHEDULE D, PART XII, LINE 4B AMOUNTS DISTRIBUTED TO MEMBER COLLEGES: $550,171
Schedule D (Form 990) 2012

Additional Data


Software ID:  
Software Version:  




Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," to Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990
OMB No. 1545-0047
2012
Open to Public
Inspection
Name of the organization
INDEPENDENT COLLEGES OF INDIANA INC
 
Employer identification number
31-0901001
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ....................................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Governments and Organizations in the United States. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21, for any recipient that received more than $5,000. Part II can be duplicated if additional space is needed.
(a) Name and address of organization
or government		 (b) EIN (c) IRC Code section
if applicable		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
non-cash assistance		 (h) Purpose of grant
or assistance
(1) Adams County Community Foundations Inc
102 N 2nd St
Decatur,IN46733 		35-1834664 501(C )(3) 6,000       GENERAL SUPPORT
(2) Benton Community Foundation
P O Box 351
Fowler,IN47944 		26-0074023 501(C )(3) 6,000       GENERAL SUPPORT
(3) Blackford County Community Foundation
P O Box 327
Hartford City,IN47348 		35-1792844 501(C )(3) 6,000       GENERAL SUPPORT
(4) Blue River Foundation Inc
P O Box 808
Shelbyville,IN46176 		35-1756331 501(C )(3) 6,000       GENERAL SUPPORT
(5) Brown County Community Foundation
P O Box 191
Nashville,IN47448 		35-1960379 501(C )(3) 6,000       GENERAL SUPPORT
(6) Cass County Community Foundation
P O Box 411
Logansport,IN46947 		35-2125727 501(C )(3) 6,000       GENERAL SUPPORT
(7) Central Indiana Community Foundation
615 N Alabama St Room 119
Indianapolis,IN46204 		35-1793680 501(C )(3) 6,000       GENERAL SUPPORT
(8) Community Foundation Alliance
123 Northwest Fourth St Ste 322
Evansville,IN47708 		35-1830262 501(C )(3) 6,000       GENERAL SUPPORT
(9) Community Foundation of Bloomington & Monroe Count
101 W Kirkwood Ave Ste 321
Bloomington,IN47404 		35-1811149 501(C )(3) 18,000       GENERAL SUPPORT
(10) Community Foundation of Boone County Inc
P O Box 92
Zionsville,IN46077 		35-1829585 501(C )(3) 6,000       GENERAL SUPPORT
(11) Community Foundation of Crawford County
P O Box 205
Milltown,IN47145 		20-0864966 501(C )(3) 24,000       GENERAL SUPPORT
(12) Community Foundation of Grant County
505 W Third St
Marion,IN46952 		31-1117791 501(C )(3) 6,000       GENERAL SUPPORT
(13) Community Foundation of Greater Ft Wayne
555 E Wayne St
Ft Wayne,IN46802 		35-1119450 501(C )(3) 6,000       GENERAL SUPPORT
(14) Community Foundation of Howard County Inc
215 W Sycamore St
Kokomo,IN46901 		35-1844891 501(C )(3) 18,000       GENERAL SUPPORT
(15) Community Foundation of Jackson County Inc
P O Box 1231
Seymour,IN47274 		31-1119856 501(C )(3) 6,000       GENERAL SUPPORT
(16) Community Foundation of Madison & Jefferson County
P O Box 306
Madison,IN47250 		35-1847297 501(C )(3) 12,000       GENERAL SUPPORT
(17) Community Foundation of Morgan County
250 N Monroe st
Mooresville,IN46158 		35-1956929 501(C )(3) 18,000       GENERAL SUPPORT
(18) Community Foundation of Muncie & Delaware County
P O Box 807
Muncie,IN47308 		35-1640051 501(C )(3) 6,000       GENERAL SUPPORT
(19) Community Foundation of Randolph County
213 S Main St
Winchester,IN47394 		35-1903148 501(C )(3) 6,000       GENERAL SUPPORT
(20) Community Foundation of Southern Indiana Inc
4104 Charlestown Rd
New Albany,IN47150 		35-1827813 501(C )(3) 6,000       GENERAL SUPPORT
(21) Community Foundation of St Joseph County Inc
P O Box 837
South Bend,IN46624 		23-7365930 501(C )(3) 6,000       GENERAL SUPPORT
(22) Community Foundation of Wabash County
P O Box 98
North Manchester,IN46962 		35-6049016 501(C )(3) 6,000       GENERAL SUPPORT
(23) Dearborn Community Foundation
322 Walnut St
Lawrenceburg,IN47025 		35-2036110 501(C )(3) 6,000       GENERAL SUPPORT
(24) Decatur County Community Foundation Inc
P O Box 72
Greensburg,IN47240 		35-1870979 501(C )(3) 18,000       GENERAL SUPPORT
(25) DeKalb County Community Foundation Inc
P O Box 111
Auburn,IN46706 		35-1992897 501(C )(3) 6,000       GENERAL SUPPORT
(26) Duboiss County Community Foundation Inc
P O Box 269
Jasper,IN47547 		35-1990305 501(C )(3) 72,000       GENERAL SUPPORT
(27) Elkhart County Community Foundation
P O Box 3932
Elkhart,IN46515 		31-1255886 501(C )(3) 6,000       GENERAL SUPPORT
(28) Fayette County Foundation
P O Box 844
Connersville,IN47331 		35-2232770 501(C )(3) 6,000       GENERAL SUPPORT
(29) Franklin County Foundation
527 Main St
Brookville,IN47012 		35-2034336 501(C )(3) 6,000       GENERAL SUPPORT
(30) Greater Lafayette Community Foundation
1114 Stete St
Lafayette,IN47905 		23-7147996 501(C )(3) 12,000       GENERAL SUPPORT
(31) Greene County Foundation
RR 2 Box 38X
Bloomfield,IN47424 		35-1815060 501(C )(3) 12,000       GENERAL SUPPORT
(32) Hancock County Community Foundation
312 E Main St
Greenfield,IN46140 		35-1837729 501(C )(3) 6,000       GENERAL SUPPORT
(33) Hendricks County Community Foundation
5055 E Main St Suite A
Avon,IN46123 		35-1878973 501(C )(3) 6,000       GENERAL SUPPORT
(34) Henry County Community Foundation Inc
P O Box 6006
New Castle,IN47362 		31-1170412 501(C )(3) 6,000       GENERAL SUPPORT
(35) Heritage Fund of Bartholomew County Inc
P O Box 1547
Columbus,IN47202 		35-2135816 501(C )(3) 12,000       GENERAL SUPPORT
(36) Huntington County Community Foundation Inc
P O Box 5037
Huntington,IN46750 		35-1838709 501(C )(3) 6,000       GENERAL SUPPORT
(37) Jasper Foundation Inc
P O Box 295
Rensselaer,IN47978 		35-1842404 501(C )(3) 12,000       GENERAL SUPPORT
(38) Jennings county Community Foundation Inc
265 E Main St
North Vernon,IN47265 		35-1922885 501(C )(3) 30,000       GENERAL SUPPORT
(39) Johnson County Community Foundation Inc
P O Box 217
Franklin,IN46131 		35-1797437 501(C )(3) 12,000       GENERAL SUPPORT
(40) Kosciusko County Community Foundation Inc
102 E Market St
Warsaw,IN46580 		35-6086777 501(C )(3) 18,000       GENERAL SUPPORT
(41) LaGrange County Community Foundation Inc
109 E Central Ave 3
LaGrange,IN46761 		35-1834679 501(C )(3) 18,000       GENERAL SUPPORT
(42) Lawrence County community Foundation Inc
P O Box 1235
Bedford,IN47421 		35-1889139 501(C )(3) 6,000       GENERAL SUPPORT
(43) Legacy Foundation Inc
1000 E 80th Place Ste 302 South
Merrillville,IN46410 		35-1872803 501(C )(3) 12,000       GENERAL SUPPORT
(44) Madison County Community Foundation Inc
P O Box 1056
Anderson,IN46016 		35-1859959 501(C )(3) 6,000       GENERAL SUPPORT
(45) Marshall County Community Foundation Inc
P O Box 716
Plymouth,IN46563 		35-1826870 501(C )(3) 6,000       GENERAL SUPPORT
(46) Montgomery County Community Foundation Inc
P O Box 334
Crawfordsville,IN47933 		35-1912317 501(C )(3) 6,000       GENERAL SUPPORT
(47) Noble County Community Foundation Inc
1599 Lincolnway South
Ligonier,IN46767 		35-1827247 501(C )(3) 6,000       GENERAL SUPPORT
(48) Northern Indiana Community Foundation Inc
P O Box 807
Rochester,IN46975 		35-1912317 501(C )(3) 12,000       GENERAL SUPPORT
(49) Ohio County Community Foundation
P O Box 170
Rising Sun,IN47040 		35-2038531 501(C )(3) 6,000       GENERAL SUPPORT
(50) Orange County Communty Foundation
112 W Water St
Paoli,IN47454 		35-2117084 501(C )(3) 6,000       GENERAL SUPPORT
(51) Owen County Community Foundation Inc
P O Box 5037
Spencer,IN47460 		35-1934464 501(C )(3) 6,000       GENERAL SUPPORT
(52) Parke County Community Foundation Inc
P O Box 276
Rockville,IN47872 		35-1881810 501(C )(3) 6,000       GENERAL SUPPORT
(53) Porter County Community Foundation
P O Box 302
Valparaiso,IN46384 		35-2000788 501(C )(3) 6,000       GENERAL SUPPORT
(54) Portland Foundation
112 E Main St
Portland,IN47371 		35-2019497 501(C )(3) 6,000       GENERAL SUPPORT
(55) Pulaski County Community Foundation
P O Box 407
Winamac,IN46996 		35-2127564 501(C )(3) 6,000       GENERAL SUPPORT
(56) Putnam County Foundation Inc
P OBox 514
Greencastle,IN46135 		31-1159916 501(C )(3) 6,000       GENERAL SUPPORT
(57) Ripley County Community Foundation
132 S Main St
Batesville,IN47006 		35-2048001 501(C )(3) 6,000       GENERAL SUPPORT
(58) Rush County Community Foundation Inc
117 N Main St
Rushville,IN46173 		35-1835950 501(C )(3) 12,000       GENERAL SUPPORT
(59) Scott County Community Foundation
P O Box 25
Scottsburg,IN47170 		35-2041369 501(C )(3) 24,000       GENERAL SUPPORT
(60) Steuben County Community Foundation Inc
1701 N Wayne St
Angola,IN46703 		35-1857065 501(C )(3) 6,000       GENERAL SUPPORT
(61) Switzerland County Community Foundation
P O Box 46
Vevay,IN47043 		35-2087649 501(C )(3) 6,000       GENERAL SUPPORT
(62) Tipton County Foundation Inc
P O Box 412
Tipton,IN46072 		35-1878973 501(C )(3) 12,000       GENERAL SUPPORT
(63) Union County Foundation Inc
404 Eaton St
Liberty,IN47353 		35-1769294 501(C )(3) 6,000       GENERAL SUPPORT
(64) Unity Foundation of LaPorte County Inc
P O Box 527
Michigan City,IN46361 		35-1658674 501(C )(3) 60,000       GENERAL SUPPORT
(65) Vermillion county Community FoundationInc
P O Box 532
Clinton,IN47842 		35-1998550 501(C )(3) 6,000       GENERAL SUPPORT
(66) Wabash Valley Community Foundation
2901 Ohio Blvd Suite 153
Terre Haute,IN47803 		35-6019016 501(C )(3) 6,000       GENERAL SUPPORT
(67) Warren County Community Foundation
31 N Monroe St
Williamsport,IN47993 		35-2070789 501(C )(3) 6,000       GENERAL SUPPORT
(68) Washington County Community Foundation Inc
P O Box 5037
Salem,IN47167 		35-1883377 501(C )(3) 6,000       GENERAL SUPPORT
(69) Wayne County Indiana Foundation Inc
33 South 7th St Suite 1
Richmond,IN47374 		35-1046033 501(C )(3) 6,000       GENERAL SUPPORT
(70) Wells County Foundation Inc
109 N Scott St
Bluffton,IN46714 		35-6042815 501(C )(3) 6,000       GENERAL SUPPORT
(71) Western Indiana Community Foundation Inc
P O Box 175
Covington,IN47932 		35-1814927 501(C )(3) 6,000       GENERAL SUPPORT
(72) Whitley County Community Foundation Inc
P O Box 527
Columbia City,IN46725 		35-1860518 501(C )(3) 6,000       GENERAL SUPPORT
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................ Bullet Image
72
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2012

Schedule I (Form 990) 2012
Page 2
Part III
Grants and Other Assistance to Individuals in the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.
(a)Type of grant or assistance (b)Number of
recipients		 (c)Amount of
cash grant		 (d)Amount of
non-cash assistance		 (e)Method of valuation (book,
FMV, appraisal, other)		 (f)Description of non-cash assistance
(1) SCHOLARSHIPS - LECSP 701 17,172,961      
(2) SCHOLARSHIPS - OTHER 15 111,801      
(3) UPS GRANT 31 76,400      
(4) REALIZING THE DREAM 62 91,000      






Part IV
Supplemental Information.
Complete this part to provide the information required in Part I, line 2, Part III, column (b), and any other additional information.
Identifier Return Reference Explanation
PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE U.S. SCHEDULE I, PART I, LINE 2. GRANTS ARE AWARDED TO EACH COMMUNITY FOUNDATION. EACH COMMUNITY FOUNDATION PROVIDES AN ANNUAL REPORT ON HOW THE GRANT WAS SPENT. THE GRANTS ARE USED TO ADMINISTER AND PROMOTE HIGHER EDUCATION IN EACH COUNTY.
SUPPLEMENTAL GRANT INFORMATION SCHEDULE I INDEPENDENT COLLEGES OF INDIANA, INC. ADMINISTERS A GRANT FROM LILLY ENDOWMENT INC. FOR SELECTED FIRST GENERATION INDIANA COLLEGE STUDENTS, ONE FROM EACH INDEPENDENT COLLEGE CAMPUS. GRANTS OF $2,000 EACH ARE MADE TO THESE STUDENTS WHO ARE THE FIRST IN THEIR FAMILIES TO GO TO COLLEGE. ADMINISTRATIVE EXPENSES ARE ALSO PAID OUT OF THE GRANT EXPENSE. TOTAL GRANT EXPENDITURES AND ADMINISTRATIVE EXPENSES FOR THE YEAR ENDED JUNE 30, 2013, AMOUNTED TO $110,437. INDEPENDENT COLLEGES OF INDIANA, INC. ADMINISTERS PROGRAM FUNDS FROM VARIOUS FUNDING SOURCES FOR VARIOUS EDUCATIONAL PURPOSES. THESE FUNDS ARE ADMINISTERED ACCORDING TO SPECIFIC GUIDELINES PROVIDED BY THE FUNDING SOURCES IN THE FUNDING AGREEMENTS ASSOCIATED WITH EACH PROGRAM. TOTAL PROGRAM FUNDS EXPENDED FOR THESE PROGRAMS FOR THE YEAR ENDED JUNE 30, 2013, AMOUNTED TO $279,201. THE LILLY ENDOWMENT COMMUNITY SCHOLARSHIP PROGRAM (LECSP) HELPS TO RAISE THE LEVEL OF EDUCATIONAL ATTAINMENT IN INDIANA AND TO LEVERAGE FURTHER THE ABILITY OF INDIANA'S COMMUNITY FOUNDATIONS TO ENHANCE THE QUALITY OF LIFE OF THE STATE'S RESIDENTS BY AWARDING FULL TUITION SCHOLARSHIPS TO STUDENTS FROM EACH COUNTY IN INDIANA. THESE SCHOLARSHIPS ARE AWARDED THROUGH AND ADMINISTERED BY THE NETWORK OF COMMUNITY FOUNDATIONS THROUGHOUT THE STATE. TOTAL GRANT & ADMINISTRATIVE EXPENSES FOR THE YEAR ENDED JUNE 30, 2013, AMOUNTED TO $18,532,422,.
Schedule I (Form 990) 2012


Additional Data


Software ID:  
Software Version:  


Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" to Form 990,
Part IV, question 23.
SchJMediumBullet Attach to Form 990. SchJMediumBullet See separate instructions.
OMB No. 1545-0047
2012
Open to Public Inspection
Name of the organization
INDEPENDENT COLLEGES OF INDIANA INC
 
Employer identification number

31-0901001
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain....
1b
Yes
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all officers,
directors, trustees, and the CEO/Executive Director, regarding the items checked in line 1a? .......
2
Yes
 
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? ................
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
 
No
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3) and 501(c)(4) organizations only must complete lines 5-9.
5
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ...........................
5a
 
No
b
Any related organization? .........................
5b
 
No
If "Yes," to line 5a or 5b, describe in Part III.
6
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ...........................
6a
 
No
b
Any related organization? .........................
6b
 
No
If "Yes," to line 6a or 6b, describe in Part III.
7
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
No
8
Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................
8
 
No
9
If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2012

Schedule J (Form 990) 2012
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A) Name and Title (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation
reported as deferred
in prior Form 990
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
(1)DR RONALD MAYDIRECTOR (i)
(ii)		 0
143,478 		0
21,524 		0
  		0
  		0
  		0
165,002 		0
 
(2)DR JAMES EDWARDSDIRECTOR (i)
(ii)		  
166,812 		 
56,690 		0
  		 
18,049 		 
38,651 		0
280,202 		 
 
(3)DR STEVEN CRAMERDIRECTOR (i)
(ii)		  
175,465 		 
  		 
17,940 		 
18,509 		0
  		0
211,914 		0
 
(4)DR JAMES M DANKODIRECTOR (i)
(ii)		  
471,938 		 
  		 
6,197 		 
17,000 		 
33,843 		 
528,978 		 
 
(5)DR DANIEL LOWERYDIRECTOR (i)
(ii)		  
157,579 		 
  		 
  		 
9,398 		 
  		 
166,977 		 
 
(6)DR BRIAN CASEYDIRECTOR (i)
(ii)		  
303,369 		 
100,000 		 
58,450 		 
  		 
26,153 		 
487,972 		 
 
(7)DR J DAVID DAWSONDIRECTOR (i)
(ii)		  
299,984 		 
0 		 
23,830 		 
31,200 		 
32,446 		 
387,460 		0
0
(8)DR JAMES MOSELEYDIRECTOR (i)
(ii)		  
236,965 		 
  		 
21,742 		 
41,067 		 
  		 
299,774 		 
 
(9)DR JAMES BRENNEMANDIRECTOR (i)
(ii)		  
154,020 		 
  		 
  		 
7,650 		 
6,873 		 
168,543 		 
 
(10)DR BILL KATIPDIRECTOR (i)
(ii)		  
149,111 		 
  		 
  		 
9,202 		 
74,648 		 
232,961 		 
 
(11)DR SUE DEWINEDIRECTOR (i)
(ii)		  
295,000 		 
  		 
10,831 		 
22,125 		 
367 		 
328,323 		 
 
(12)DR BLAIR DOWDENDIRECTOR (i)
(ii)		  
180,220 		 
  		 
  		 
14,999 		 
32,277 		 
227,496 		 
 
(13)DR ARTHUR SNYDERDIRECTOR (i)
(ii)		  
276,172 		 
48,600 		 
64,431 		 
60,540 		 
10,268 		 
460,011 		 
 
(14)DR HENRY SMITHDIRECTOR (i)
(ii)		  
227,277 		 
  		 
7,773 		 
23,325 		 
67,879 		 
326,254 		 
 
(15)DR JO YOUNG SWITZERDIRECTOR (i)
(ii)		  
266,992 		 
  		 
2,975 		 
99,046 		 
26,045 		 
395,058 		 
 
(16)MR DANIEL ELSENERDIRECTOR (i)
(ii)		  
367,500 		 
  		 
47,936 		 
27,342 		 
21,662 		 
464,440 		 
 
(17)DR GEORGE E MILLER IIIDIRECTOR (i)
(ii)		  
152,298 		 
  		 
  		 
  		 
  		 
152,298 		 
 
(18)DR RAY BARBERDIRECTOR (i)
(ii)		  
123,800 		 
  		 
2,472 		 
49,000 		 
  		 
175,272 		 
 
(19)DR DENNIS RIEGELNEGGDIRECTOR (i)
(ii)		  
163,922 		 
  		 
32,923 		 
15,603 		 
17,320 		 
229,768 		 
 
(20)DR DOTTIE KINGDIRECTOR (i)
(ii)		  
170,000 		 
  		 
22,916 		 
9,350 		 
14,982 		 
217,248 		 
 
(21)DR CAROL ANN MOONEYDIRECTOR (i)
(ii)		  
251,941 		 
  		 
12,750 		 
87,000 		 
14,690 		 
366,381 		 
 
(22)DR EUGENE HABECKERDIRECTOR (i)
(ii)		  
216,895 		 
  		 
3,047 		 
25,811 		 
36,292 		 
282,045 		 
 
(23)DR EARL BROOKS IIDIRECTOR (i)
(ii)		  
349,740 		 
45,000 		 
57,511 		 
62,500 		 
5,975 		 
520,726 		 
 
(24)DR THOMAS A KAZEEDIRECTOR (i)
(ii)		  
278,702 		 
  		 
39,499 		 
153,669 		 
17,758 		 
489,628 		 
 
(25)DR ROBERT L MANUELDIRECTOR (i)
(ii)		  
158,995 		 
  		 
  		 
13,000 		 
10,345 		 
182,340 		 
 
(26)REV JOHN JENKINSDIRECTOR (i)
(ii)		  
623,980 		 
0 		 
62,500 		 
0 		 
143,639 		 
830,119 		 
0
(27)MR MARK HECKLERDIRECTOR (i)
(ii)		  
345,240 		 
0 		 
17,630 		 
17,500 		 
0 		 
380,370 		 
 
(28)DR PATRICK WHITEDIRECTOR (i)
(ii)		  
251,719 		 
  		 
  		 
25,463 		 
13,673 		 
290,855 		 
 
(29)MR RICHARD LUDWICKPRESIDENT (i)
(ii)		 211,535
  		 
  		 
  		20,907
  		12,055
  		244,497
  		 
 
Schedule J (Form 990) 2012

Schedule J (Form 990) 2012
Page 3
Part III
Supplemental Information
Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II.
Also complete this part for any additional information.
Identifier Return Reference Explanation
OTHER BENEFITS SCHEDULE J, PART I, QUESTION 1A SOCIAL CLUB DUES ARE PAID BY THE ORGANIZATION AND USED BY VARIOUS MEMBERS OF THE ORGANIZATION, INCLUDING OFFICERS, KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES, TO HOST DONORS, MEET WITH KEY BUSINESS PARTNERS, ETC. EACH MEMBER OF THE ORGANIZATION USING THE CLUB SUBSTANTIATES BUSINESS USE BY PROVIDING EVIDENCE TO THE ORGANIZATION OF THE DATE AND BUSINESS PURPOSE OF THE MEETING. IT IS THE POLICY OF THE ORGANIZATION THAT THE CLUB MAY ONLY BE USED FOR BUSINESS RELATED MEETINGS.
Schedule J (Form 990) 2012

Additional Data


Software ID:  
Software Version:  
SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2012
Open to Public
Inspection
Name of the organization
INDEPENDENT COLLEGES OF INDIANA INC
 
Employer identification number

31-0901001
Identifier Return Reference Explanation
PROCESS TO REVIEW THE FORM 990 FORM 990, PART VI, LINE 11B ICIS BOARD OF DIRECTORS HAS FORMALLY DELEGATED AUTHORITY FOR THE REVIEW OF ITS FORM 990 TO THE ICI AUDIT COMMITTEE AFTER THE SAME IS PRELIMINARILY REVIEWED BY THE ORGANIZATIONS PRESIDENT AND THE DIRECTOR OF FINANCE. IN ADDITION, ICIS OUTSIDE ACCOUNTING FIRM AND LEGAL COUNSEL REVIEWED THE FORM 990 BEFORE FILING. ICI USES THIS PROCESS TO ENSURE THAT ITS FORM 990 RECEIVES SUBSTANTIVE REVIEW BY STAFF, DIRECTORS AND PROFESSIONALS WITH SPECIFIC KNOWLEDGE OF ICIS ACTIVITIES AND EXTENSIVE FINANCIAL, ACCOUNTING, LEGAL AND TAX EXPERTISE.
PROCESS FOR MONITORING COMPLIANCE WITH CONFLICT OF INTEREST POLICY FORM 990, PART VI, LINE 12C THE ORGANIZATION HAS ADOPTED A CONFLICT OF INTEREST POLICY THAT REQUIRES DIRECTORS, OFFICERS, AND KEY EMPLOYEES TO SUBMIT AN ANNUAL CONFLICT OF INTEREST DISCLOSURE. THE ANNUAL DISCLOSURE REQUIRES DIRECTORS, OFFICERS, AND KEY EMPLOYEES TO DISCLOSE, IN WRITING, ANY KNOWN FINANCIAL INTEREST THAT THE INDIVIDUAL (TOGETHER WITH FAMILY MEMBERS) HAS IN ANY BUSINESS ENTITY THAT TRANSACTS BUSINESS WITH THE ORGANIZATION. IN ADDITION, DIRECTORS, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO IMMEDIATELY DISCLOSE ANY POSSIBLE CONFLICTS OF INTEREST THAT ARISE MID-YEAR IN RELATION TO A PROPOSED TRANSACTION. THE CONFLICT OF INTEREST POLICY REQUIRES THAT ANY INDIVIDUAL WITH A CONFLICT BE RECUSED FROM THE DECISION-MAKING PROCESS, THAT INDEPENDENT DIRECTORS OR COMMITTEE MEMBERS DETERMINE THAT THE PROPOSED TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION, AND THE TRANSACTION MUST BE APPROVED BY A VOTE OF THE INDEPENDENT DIRECTORS OR COMMITTEE MEMBERS WITHOUT THE PARTICIPATION OF ANY INTERESTED INDIVIDUAL.
REVIEW OF CEO OR TOP MGMT OFFICIAL COMPENSATION FORM 990, PART VI, LINE 15A & 15B THE EXECUTIVE COMMITTEE DETERMINES THE COMPENSATION OF THE CEO. THIS COMMITTEE IS COMPRISED OF DISINTERESTED BOARD MEMBERS, AND THEY RELY UPON COMPARABILITY DATA REGARDING SIMILARLY SITUATED INDIVIDUALS AT PEER ORGANIZATIONS WHEN SETTING THE PROPOSED COMPENSATION TERMS. THIS PROCESS INSURES THAT ALL COMPENSATION ARRANGEMENTS WITH RELATED PARTIES ARE EVALUATED AND ENTERED INTO AT ARMS' LENGTH AND THAT ANY COMPENSATION THAT IS PAID TO A RELATED PARTY IS REASONABLE AND REFLECTS FAIR MARKET VALUE. THE CEO EVALUATE THE OTHER EMPLOYEES AND DETERMINE THEIR COMPENSATION AND ENSURE THAT IT IS REASONABLE AND REFLECTS FAIR MARKET VALUE. THE LAST COMPENSATION REVIEWS WERE CONDUCTED IN THE SPRING OF 2013.
AVAILABILITY OF GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND COI POLICY FORM 990, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO ALL DONORS AND AVAILABLE UPON REQUEST TO ALL OTHERS.
COMPENSATION FROM RELATED ORGANIZATIONS FORM 990, PART VII, SECTION A ICI IS REPORTING IN COLUMNS (E) AND (F) ON FORM 990, PART VII, SECTION A REPORTABLE COMPENSATION RECEIVED BY ITS DIRECTORS AND OFFICERS FROM THEIR OWN COLLEGES AND UNIVERSITIES, WHICH ARE RELATED ORGANIZATIONS. THE DIRECTORS AND OFFICERS DID NOT RECEIVE COMPENSATION FROM ICI FOR THEIR SERVICE AS OFFICERS OR DIRECTORS OF ICI. THE DIRECTORS AND OFFICERS WORK 40 OR MORE HOURS FOR THEIR RESPECTIVE COLLEGES AND UNIVERSITIES. THE AMOUNTS LISTED ON FORM 990, PART VII, COLUMNS E AND F AND THE AMOUNTS LISTED IN SCHEDULE J, PART II, COLUMNS B THROUGH E, ARE FOR A MEMBER OF HOLY CROSS RELIGIOUS ORDER FOR REV JOHN JENKINS. THE AMOUNTS LISTED ARE PAID DIRECTLY TO HIS RELIGIOUS ORDER, PRIESTS OF HOLY CROSS, INDIANA PROVINCE, RATHER THAN DIRECTLY TO HIM. THE MAJORITY OF THE AMOUNT INCLUDED IN SCHEDULE J, PART II, COLUMN D IS A QUALIFIED TUITION BENEFIT OFFERED TO MEMBERS OF THE PRIESTS OF HOLY CROSS, INDIANA PROVINCE.
OTHER CHANGES IN NET ASSETS OR FUND BALANCES FORM 990, PART XI, LINE 9 UNREALIZED (LOSS) ON BUILDING HELD FOR SALE: ($115,477)
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2012

Additional Data


Software ID:  
Software Version:  
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" to Form 990, Part IV, line 33, 34, 35, 36, or 37.
MediumBulletAttach to Form 990. MediumBullet See separate instructions.

OMB No. 1545-0047
2012
Open to Public Inspection
Name of the organization
INDEPENDENT COLLEGES OF INDIANA INC
 
Employer identification number

31-0901001
Part I
Identification of Disregarded Entities (Complete if the organization answered "Yes" to Form 990, Part IV, line 33.)
(a)
Name, address, and EIN (if applicable) of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income


 		(e)
End-of-year assets


 		(f)
Direct controlling
entity










Part II
Identification of Related Tax-Exempt Organizations (Complete if the organization answered "Yes" to Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.)
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section


 		(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled entity?
Yes No
(1) ANCILLA COLLEGE

9601 UNION RD POBOX 1

DONALDSON,IN46513
35-6071917 		EDUCATION IN 501(C)3 2 NA
 
 
No
(2) ANDERSON UNIVERSITY

1100 E FIFTH STREET

ANDERSON,IN46012
35-0867954 		EDUCATION IN 501(C)3 2 NA
 
 
No
(3) BETHEL COLLEGE

1001 BETHEL CIRCLE

MISHAWAKA,IN46545
35-0935587 		EDUCATION IN 501(C)3 2 NA
 
 
No
(4) BUTLER UNIVERSITY

4600 SUNSET AVE

INDIANAPOLIS,IN46208
35-0867977 		EDUCATION IN 501(C)3 2 NA
 
 
No
(5) CALUMET COLLEGE OF ST JOSEPH

2400 NEW YORK AVE

WHITING,IN46394
35-1087173 		EDUCATION IN 501(C)3 2 NA
 
 
No
(6) DEPAUW UNIVERSITY

313 S LOCUST ST

GREENCASTLE,IN46135
35-0869045 		EDUCATION IN 501(C)3 2 NA
 
 
No
(7) EARLHAM COLLEGE

801 NATIONAL ROAD WEST

RICHMOND,IN47374
35-0868073 		EDUCATION IN 501(C)3 2 NA
 
 
No
(8) FRANKLIN COLLEGE

101 BRQANIGIN BLVD

FRANKLIN,IN46131
35-0868086 		EDUCATION IN 501(C)3 2 NA
 
 
No
(9) GOSHEN COLLEGE

1700 S MAIN ST

GOSHEN,IN46526
35-2158366 		EDUCATION IN 501(C)3 2 NA
 
 
No
(10) GRACE COLLEGE

200 SEMINARY DRIVE

WINONA,IN46590
35-0868095 		EDUCATION IN 501(C)3 2 NA
 
 
No
(11) HANOVER COLLEGE

359E LAGRANGE RD POBOX 108

HANOVER,IN47243
35-0868096 		EDUCATION IN 501(C)3 2 NA
 
 
No
(12) HOLY CROSS COLLEGE

54515 STATE ROAD 933 POBOX 308

NOTRE DAME,IN46556
35-1148835 		EDUCATION IN 501(C)3 2 NA
 
 
No
(13) HUNTINGTON UNIVERSITY

2303 COLLEGE AVE

HUNTINGTON,IN46750
35-0868101 		EDUCATION IN 501(C)3 2 NA
 
 
No
(14) INDIANA TECH

1600 E WASHINGTON BLVD

FT WAYNE,IN46803
35-0845258 		EDUCATION IN 501(C)3 2 NA
 
 
No
(15) INDIANA WESLEYAN UNIVERSITY

4201 S WASHINGTON ST

MARION,IN46953
35-0885591 		EDUCATION IN 501(C)3 2 NA
 
 
No
(16) MANCHESTER COLLEGE

604 E COLLEGE AVE

NORTH MANCHESTER,IN46962
35-0868127 		EDUCATION IN 501(C)3 2 NA
 
 
No
(17) MARIAN UNIVERSITY

3200 COLD SPRING RD

INDIANAPOLIS,IN46222
35-0868175 		EDUCATION IN 501(C)3 2 NA
 
 
No
(18) MARTIN UNIVERSITY

2171 AVONDALE PLACE POBOX 18567

INDIANAPOLIS,IN46218
31-0970262 		EDUCATION IN 501(C)3 2 NA
 
 
No
(19) OAKLAND CITY UNIVERSITY

138 N LUCRETIA ST

OAKLAND CITY,IN47660
35-0869093 		EDUCATION IN 501(C)3 2 NA
 
 
No
(20) ROSE-HULMAN INSTITUTE OF TECHNOLOGY

5500 WABASH AVE

TERRE HAUTE,IN47803
35-0868149 		EDUCATION IN 501(C)3 2 NA
 
 
No
(21) SAINT JOSEPH'S COLLEGE

US HIGHWAY 231 PO BOX 870

RENSSELAER,IN47978
35-0868152 		EDUCATION IN 501(C)3 2 NA
 
 
No
(22) SAINT MARY-OF-THE-WOODS COLLEGE

SAINT MARY-OF-THE-WOODS

ST MARYOFWOODS,IN47876
35-1065063 		EDUCATION IN 501(C)3 2 NA
 
 
No
(23) SAINT MARY'S COLLEGE

NOTRE DAME

NOTRE DAME,IN46556
35-0868158 		EDUCATION IN 501(C)3 2 NA
 
 
No
(24) TAYLOR UNIVERSITY

236 WEST READE AVE

UPLAND,IN46989
35-0868181 		EDUCATION IN 501(C)3 2 NA
 
 
No
(25) TRINE UNIVERSITY

ONE UNIVERSITY AVE

ANGOLA,IN46703
35-0715530 		EDUCATION IN 501(C)3 2 NA
 
 
No
(26) UNIVERSITY OF EVANSVILLE

1800 LINCOLN AVE

EVANSVILLE,IN47722
35-0868074 		EDUCATION IN 501(C)3 2 NA
 
 
No
(27) UNIVERSITY OF INDIANAPOLIS

1400 E HANNA AVE

INDIANAPOLIS,IN46227
35-0868107 		EDUCATION IN 501(C)3 2 NA
 
 
No
(28) UNIVERSITY OF NOTRE DAME

NOTRE DAME

NOTRE DAME,IN46556
35-0868188 		EDUCATION IN 501(C)3 2 NA
 
 
No
(29) UNIVERSITY OF SAINT FRANCIS

2701 SPRING STREET

FORT WAYNE,IN46808
35-0886846 		EDUCATION IN 501(C)3 2 NA
 
 
No
(30) VALPARAISO UNIVERSITY

1700 CHAPEL DRIVE

VALPARAISO,IN46383
35-0868125 		EDUCATION IN 501(C)3 2 NA
 
 
No
(31) WABASH COLLEGE

PO BOX 352

CRAWFORDSVILLE,IN47933
35-0868202 		EDUCATION IN 501(C)3 2 NA
 
 
No
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2012
Schedule R (Form 990) 2012
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership (Complete if the organization answered "Yes" to Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.)
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V—UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No












Part IV
Identification of Related Organizations Taxable as a Corporation or Trust (Complete if the organization answered "Yes" to Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.)
(a)
Name, address, and EIN of
related organization
 		(b)
Primary activity
 		(c)
Legal
domicile
(state or foreign
country)
 		(d)
Direct controlling
entity
 		(e)
Type of entity
(C corp, S corp,
or trust) 		(f)
Share of total income
 		(g)
Share of end-of-year
assets
 		(h)
Percentage
ownership
 		(i)
Section 512(b)(13) controlled entity?
Yes No












Schedule R (Form 990) 2012
Schedule R (Form 990) 2012
Page 3
Part V
Transactions With Related Organizations (Complete if the organization answered "Yes" to Form 990, Part IV, line 34, 35b, or 36.)
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest (ii) annuities (iii) royalties or (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .
1a
 
No
b Gift, grant, or capital contribution to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
Yes
 
c Gift, grant, or capital contribution from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
 
No
d Loans or loan guarantees to or for related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1d
 
No
e Loans or loan guarantees by related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1e
 
No
f Dividends from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1f
 
 
g Sale of assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1g
 
No
h Purchase of assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1h
 
No
i Exchange of assets with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1i
 
No
j Lease of facilities, equipment, or other assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1j
 
No
k Lease of facilities, equipment, or other assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .
1k
 
No
l Performance of services or membership or fundraising solicitations for related organization(s) . . . . . . . . . . . . . . . . . . . .
1l
 
No
m Performance of services or membership or fundraising solicitations by related organization(s) . . . . . . . . . . . . . . . . . . . .
1m
 
No
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) . . . . . . . . . . . . . . . . . . . . .
1n
 
No
o Sharing of paid employees with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1o
 
No
p Reimbursement paid to related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1p
 
No
q Reimbursement paid by related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1q
 
No
r Other transfer of cash or property to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1r
 
No
s Other transfer of cash or property from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1s
 
No
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of other organization 		(b)
Transaction
type (a-s) 		(c)
Amount involved 		(d)
Method of determining amount involved





Schedule R (Form 990) 2012
Schedule R (Form 990) 2012
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership (Complete if the organization answered "Yes" to Form 990, Part IV, line 37.)
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Predominant income (related, unrelated, excluded from tax under section 512-514)

(e)
Are all partners
section
501(c)(3)
organizations? 		(f)
Share of total income




 		(g)
Share of
end-of-year
assets 		(h)
Disproprtionate allocations? 		(i)
Code V—UBI
amount in box 20
of Schedule K-1
(Form 1065) 		(j)
General or
managing
partner? 		(k)
Percentage
ownership
Yes No Yes No Yes No






























Schedule R (Form 990) 2012
Schedule R (Form 990) 2012
Page 5
Part VII
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule R (see instructions).
Identifier Return Reference Explanation

Additional Data


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