Form990
Click to see attachment
Department of the TreasuryInternal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)
MediumBullet Do not enter social security numbers on this form as it may be made public.
MediumBullet Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2019
Open to Public Inspection
A For the 2019 calendar year, or tax year beginning 07-01-2017 , and ending 06-30-2018
BCheck if applicable:
CName of organization
Independent Colleges of Indiana Inc
 
% INDEPENDENT COLLEGES OF IN I
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 province, country, and ZIP or foreign postal code
INDIANAPOLIS, IN46204
D Employer identification number

31-0901001
E Telephone number

G Gross receipts $ 39,167,949
F Name and address of principal officer:
DAVID WANTZ
30 S MERIDIAN STREET
INDIANAPOLIS,IN46204
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
N/A
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
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. ICI OPERATES AS THE COLLECTIVE VOICE FOR EXCELLENCE AND CHOICE IN HIGHER ED FOR ALL STUDENTS. SEE ATTACHEMENT
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 44
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 43
5 Total number of individuals employed in calendar year 2019 (Part V, line 2a) ...... 5 10
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 39 ......... 7b 7,100
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 24,389,522 23,849,447
9 Program service revenue (Part VIII, line 2g) ......... 333,952 255,192
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 557,578 942,762
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) 25,281,052 25,047,401
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 17,037,339 16,779,087
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 659,791 545,968
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 1,252,168 1,212,689
16a Professional fundraising fees (Part IX, column (A), line 11e) ..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet425,760    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 971,603 970,820
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 19,920,901 19,508,564
19 Revenue less expenses. Subtract line 18 from line 12....... 5,360,151 5,538,837
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 86,592,818 91,711,386
21 Total liabilities (Part X, line 26)............. 427,337 367,075
22 Net assets or fund balances. Subtract line 21 from line 20..... 86,165,481 91,344,311
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 (2019)
Form 990 (2019)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line 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 30 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 $ 1,154,865 including grants of $   ) (Revenue $ 255,192 )
TO ADVANCE THE CAUSE OF AND SUPPORT INDEPENDENT HIGHER EDUCATION IN INDIANA FOR 30 MEMBER COLLEGES THROUGH FUNDRAISING, MEETINGS TO DISCUSS COMMON ISSUES, CARRYING ON BASIC RESEARCH, AND OTHER INCIDENTAL ACTIVITIES.
4b (Code:   ) (Expenses $ 17,168,525 including grants of $ 16,739,467 ) (Revenue $   )
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 $ 26,450 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.
(Code:   ) (Expenses $ 39,620 including grants of $ 39,620 ) (Revenue $   )
STEM TEACH INDIANA IS A GRANT FROM THE STATE OF
(Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
INDIANA THAT WORKS TO RAISE THE KNOWLEDGE BASE
(Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
OF STEM (SCIENCE, TECHNOLOGY, ENGINEERING, AND
(Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
MATH) TEACHERS IN THE K-12 SCHOOLS ACROSS
(Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
INDIANA. ICI MEMBER CAMPUSES PROVIDE TUITION
(Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
FREE COURSES AND WORKSHOPS TO FURTHER EDUCATE
(Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
TEACHERS ON STEM CONTENT AND INSTRUCTIONAL
(Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
METHODS.
4d Other program services (Describe in Schedule O.)
(Expenses $ 39,620 including grants of $ 39,620 ) (Revenue $   )
4e Total program service expensesMediumBullet18,389,460
Form 990 (2019)
Form 990 (2019)
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 IIIClick 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 V......
10
 
 
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 XIIClick to see attachment......................
12a
 
No
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
Yes
 
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 other assistance to or for any foreign organization? 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 other assistance to or for foreign individuals? 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
 
 
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.....Click to see attachment
21
Yes
 
Form 990 (2019)
Form 990 (2019)
Page 4
Part IV
Checklist of Required Schedules (continued)
Yes
No
22
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals 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 25a...............
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), 501(c)(4), and 501(c)(29) 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
Did the organization report any amount on Part X, line 5 or 22 for receivables from or payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part II...........
26
 
No
27
Did the organization provide a grant or other assistance to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or employee thereof, a grant selection committee member, or to a 35% controlled entity (including an employee thereof) 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, key employee, creator or founder, or substantial contributor? If "Yes," complete Schedule L, Part IV......................
28a
 
No
b
A family member of any individual described in line 28a? If "Yes," complete Schedule L, Part IV.....
28b
 
No
c
A 35% controlled entity of one or more individuals and/or organizations described in lines 28a or 28b? If "Yes," complete Schedule L, Part IV.....................
28c
 
 
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
Yes
 
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
 
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V...........
Yes
No
1a
Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicable ..
1a
60
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
 
 
Form 990 (2019)
Form 990 (2019)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance (continued)
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
10
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
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...
3b
Yes
 
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 FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
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. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? ........
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the sponsoring organization make any taxable distributions under section 4966?........
9a
 
 
b
Did the sponsoring 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
 
 
15
Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year? ....................
If "Yes," see instructions and file Form 4720, Schedule N.
15
 
 
16
Is the organization an educational institution subject to the section 4968 excise tax on net investment income? ..
If "Yes," complete Form 4720, Schedule O.
16
 
 
Form 990 (2019)
Form 990 (2019)
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 or note to any line 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
44
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
43
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-A 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, address, and telephone number of the person who possesses the organization's books and records:
MediumBulletINDEPENDENT COLLEGES OF IN I30 SOUTH MERIDIAN STREET SUITE 800   INDIANAPOLIS,IN46204 (317) 236-6090
Form 990 (2019)
Form 990 (2019)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line 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.

See instructions for the order in which to list the persons above.
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; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) ALAN C PRICE......................................................................
DIRECTOR
 1.0
.................
40.0 		X           0 215,035 31,673
(2) DR LAKE LAMBERT......................................................................
TREASURER
 1.0
.................
40.0 		X   X       0 305,260 39,559
(3) DR REBECCA STOLTZFUS......................................................................
DIRECTOR
 1.0
.................
40.0 		X           0 320,767 0
(4) DR BILL KATIP......................................................................
PAST CHAIR
 1.0
.................
40.0 		X   X       0 242,416 45,550
(5) DR THOMAS MINAR......................................................................
DIRECTOR
 1.0
.................
40.0 		X           0 369,450 59,924
(6) FR DAVID TYSON CSC......................................................................
DIRECTOR
 1.0
.................
40.0 		X           0 0 3,141
(7) DR SHERILYN EMBERTON......................................................................
DIRECTOR
 1.0
.................
40.0 		X           0 192,702 71,144
(8) DR KARL W EINOLF......................................................................
DIRECTOR
 1.0
.................
40.0 		X           0 207,075 10,953
(9) DR DAVID WRIGHT......................................................................
DIRECTOR
 1.0
.................
40.0 		X           0 246,215 90,970
(10) DR DAVE MCFADDEN......................................................................
DIRECTOR
 1.0
.................
40.0 		X           0 276,678 66,097
(11) DR DANIEL ELSENER......................................................................
DIRECTOR
 1.0
.................
40.0 		X           0 535,052 143,783
(12) DR EUGENE WHITE......................................................................
DIRECTOR
 1.0
.................
40.0 		X           0 126,000 12,000
(13) DR RAY G BARBER......................................................................
DIRECTOR
 1.0
.................
40.0 		X           0 220,281 50,000
(14) DR JAMES CONWELL......................................................................
DIRECTOR
 1.0
.................
40.0 		X           0 556,556 91,528
(15) DR DOTTIE KING......................................................................
CHAIR
 1.0
.................
40.0 		X   X       0 225,116 0
(16) P LOWELL HAINES......................................................................
DIRECTOR
 1.0
.................
40.0 		X           0 251,588 94,323
(17) DR EARL D BROOKS II......................................................................
DIRECTOR
 1.0
.................
40.0 		X           0 633,241 46,686
Form 990 (2019)
Form 990 (2019)
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; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(18) DR THOMAS A KAZEE........................................................................
DIRECTOR
 1.0
.......................40.0 		X           0 393,846 104,471
(19) DR ROBERT L MANUEL........................................................................
DIRECTOR
 1.0
.......................40.0 		X           0 471,909 61,942
(20) FR JOHN JENKINS CSC PHD........................................................................
DIRECTOR
 1.0
.......................40.0 		X           0 1,018,001 68,105
(21) SR M ELISE KRISS OSF........................................................................
DIRECTOR
 1.0
.......................40.0 		X           0 0 0
(22) DR MARK A HECKLER........................................................................
DIRECTOR
 1.0
.......................40.0 		X           0 414,845 48,203
(23) DR GREGORY HESS........................................................................
DIRECTOR
 1.0
.......................40.0 		X           0 426,748 36,420
(24) DR DAVID W WANTZ........................................................................
PRESIDENT
 40.0
.......................0.0 		X   X       120,505 0 22,848
(25) SENATOR DENNIS KRUSE........................................................................
DIRECTOR
 1.0
.......................0.0 		X           0 0 0
(26) MS SENATOR KAREN TALLIAN........................................................................
DIRECTOR
 1.0
.......................0.0 		X           0 0 0
(27) MR EDWARD CHARBONNEAU........................................................................
DIRECTOR
 1.0
.......................0.0 		X           0 0 0
(28) MR WILLIAM C FRIEND........................................................................
DIRECTOR
 1.0
.......................0.0 		X           0 0 0
(29) MR GREGORY PORTER........................................................................
DIRECTOR
 1.0
.......................0.0 		X           0 0 0
(30) MR TIM BROWN........................................................................
DIRECTOR
 1.0
.......................0.0 		X           0 0 0
(31) MR MORRIS MILLS........................................................................
DIRECTOR (DEPARTED JULY 2017)
 1.0
.......................0.0 		X           0 0 0
(32) MR CHRISTOPHER J MURPHY III........................................................................
DIRECTOR
 1.0
.......................0.0 		X           0 0 0
(33) MR JOHN PISTOLE........................................................................
DIRECTOR
 1.0
.......................40.0 		X           0 206,785 32,978
(34) DR MICHELE DVORAK PHJC........................................................................
DIRECTOR
 1.0
.......................40.0 		X           0 0 0
(35) DR GREGG CHENOWETH........................................................................
DIRECTOR
 1.0
.......................40.0 		X           0 213,787 93,892
(36) MR JAMES M DANKO........................................................................
DIRECTOR
 1.0
.......................40.0 		X           0 590,428 57,526
(37) DR AMY MCCORMACK........................................................................
DIRECTOR
 1.0
.......................40.0 		X           0 243,511 24,301
(38) MR B PATRICK BAUER........................................................................
DIRECTOR
 1.0
.......................0.0 		X           0 0 0
(39) TOBY MALICHI........................................................................
DIRECTOR
 1.0
.......................0.0 		X           0 0 0
(40) RJ TALYOR........................................................................
DIRECTOR
 1.0
.......................0.0 		X           0 0 0
(41) JAN CERVELLI........................................................................
DIRECTOR
 1.0
.......................40.0 		X           0 368,216 33,056
(42) D MARK MCCOY........................................................................
DIRECTOR
 1.0
.......................40.0 		X           0 304,426 119,639
(43) EDDIE MELTON........................................................................
DIRECTOR
 1.0
.......................0.0 		X           0 0 0
(44) MR LUKE KENLEY........................................................................
DIRECTOR
 1.0
.......................0.0 		X           0 0 0
(45) DR KENNETH ZIRKLE........................................................................
DIRECTOR (DEPARTED MAY 2018)
 1.0
.......................40.0 		X           0 0 0
(46) PAUL BROWNE........................................................................
DIRECTOR
 1.0
.......................40.0 		X           0 0 0
(47) DR RICHARD LUDWICK........................................................................
PRESIDENT (DEPARTED JULY 2017)
 40.0
.......................0.0 		X   X       100,858 0 5,018
(48) LAURA BRIDGES........................................................................
DIR.-STRATEGIC COLLABORATIONS
 40.0
.......................0.0 		    X       91,320 0 12,219
(49) MARY ELLEN HAMER........................................................................
VICE PRESIDENT
 40.0
.......................0.0 		    X       125,231 0 23,669
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)...........MediumBullet 437,914 9,575,934 1,601,618
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization MediumBullet3
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 $100,000 of compensation from the organization MediumBullet0
Form 990 (2019)
Form 990 (2019)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII.............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512 - 514
Contributions, Gifts, GrantAmt and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues..1b 1,228,891
c Fundraising events..1c  
d Related organizations1d  
e Government grants (contributions)1e 598,237
f All other contributions, gifts, grants, and similar amounts not included above1f 22,022,319
g Noncash contributions included in lines 1a - 1f:$ 1g  
h Total. Add lines 1a-1f.......MediumBullet 23,849,447
Program Service RevenueAmt Business Code
2a C.S.I INCOME 611710 255,192 255,192    
b
c
d
e
f All other program service revenue.        
g Total. Add lines 2a–2f .....MediumBullet 255,192
OtherAmtRevenueAmt 3 Investment income (including dividends, interest, and othersimilar amounts) ......MediumBullet 680,078     680,078
4 Income from investment of tax-exempt bond proceedsMediumBullet 0      
5 Royalties...........MediumBullet 0      
(ii) Personal (i) Real
6a Gross rents     6a
b Less: rental expenses     6b
c Rental income or (loss) 0 0 6c
d Net rental income or (loss).......MediumBullet 0      
(ii) Other (i) Securities
7a Gross amount from sales of assets other than inventory   14,383,232 7a
b Less: cost or other basis and sales expenses   14,120,548 7b
c Gain or (loss)   262,684 7c
d Net gain or (loss).........MediumBullet 262,684     262,684
8a Gross income from fundraising events (not including $   of contributions reported on line 1c). See Part IV, line 18 ....
8a 0
b Less: direct expenses ... 8b 0
c Net income or (loss) from fundraising events..MediumBullet 0    
9a Gross income from gaming activities.
See Part IV, line 19 ...
9a 0
b Less: direct expenses ... 9b 0
c Net income or (loss) from gaming activities..MediumBullet 0      
10a Gross sales of inventory, less
returns and allowances ..
10a 0
b Less: cost of goods sold .. 10b 0
c Net income or (loss) from sales of inventory..MediumBullet 0      
Business Code Miscellaneous Revenue
11a            
b            
c            
d All other revenue ....        
e Total. Add lines 11a–11d ...... MediumBullet 0
12 Total revenue. See instructions.....MediumBullet 25,047,401 255,192   942,762
Form 990 (2019)
Form 990 (2019)
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 or note to any line 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 domestic organizations and domestic governments. See Part IV, line 21 .... 929,500 929,500
2 Grants and other assistance to domestic individuals. See Part IV, line 22 ........... 15,849,587 15,849,587
3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. ............. 0  
4 Benefits paid to or for members ....... 545,968 545,968
5 Compensation of current officers, directors, trustees, and key employees ........... 483,191 241,596 144,957 96,638
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........ 479,230 239,615 143,769 95,846
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 56,450 28,225 16,935 11,290
9 Other employee benefits ....... 120,552 60,276 36,166 24,110
10 Payroll taxes ........... 73,266 36,633 21,980 14,653
11 Fees for services (non-employees):        
a Management ...... 66,680 33,340 20,004 13,336
b Legal ......... 3,254 1,627 976 651
c Accounting ........... 38,084 19,042 11,425 7,617
d Lobbying ........... 62,430 31,215 18,729 12,486
e Professional fundraising services. See Part IV, line 17 0  
f Investment management fees ...... 54,702   54,702  
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) 131,851 65,926 39,555 26,370
12 Advertising and promotion .... 32,746 16,373 9,824 6,549
13 Office expenses ....... 99,051 49,526 29,715 19,810
14 Information technology ...... 109,796 54,898 32,939 21,959
15 Royalties .. 0      
16 Occupancy ........... 116,948 58,474 35,084 23,390
17 Travel ............ 62,351 31,176 18,705 12,470
18 Payments of travel or entertainment expenses for any federal, state, or local public officials . 0      
19 Conferences, conventions, and meetings .... 49,397 24,699 14,819 9,879
20 Interest ........... 0      
21 Payments to affiliates ....... 0      
22 Depreciation, depletion, and amortization .. 45,915 22,958 13,774 9,183
23 Insurance ... 20,838 10,419 6,251 4,168
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 BLUE FRONTIER EXPENSES 6,750 3,375 2,025 1,350
b MISCELLANEOUS EXPENSE 70,027 35,012 21,010 14,005
c
d
e All other expenses        
25 Total functional expenses. Add lines 1 through 24e 19,508,564 18,389,460 693,344 425,760
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 (2019)
Form 990 (2019)
Page 11
Part X
Balance Sheet
Check if Schedule O contains a response or note to any line in this Part IX..............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash–non-interest-bearing ........ 538 1 61,970
2 Savings and temporary cash investments ......... 40,051,570 2 32,530,153
3 Pledges and grants receivable, net ...... 19,950,000 3 19,950,000
4 Accounts receivable, net ............. 0 4 0
5 Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
0 5 0
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
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 ...... 116,652 9 57,745
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 397,096
b Less: accumulated depreciation 10b 224,602 192,560 10c 172,494
11 Investments—publicly traded securities . 26,281,498 11 38,939,024
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 33)... 86,592,818 16 91,711,386
Liabilities 17 Accounts payable and accrued expenses ..... 427,337 17 367,075
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 any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
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.. 427,337 26 367,075
Net Assets or Fund Balance Organizations that follow FASB ASC 958, check here MediumBullet and complete lines 27, 28, 32, and 33.
27 Net assets without donor restrictions ..........   27  
28 Net assets with donor restrictions ...........   28  
Organizations that do not follow FASB ASC 958, check here MediumBullet and complete lines 29 through 33.
29 Capital stock or trust principal, or current funds .....   29  
30 Paid-in or capital surplus, or land, building or equipment fund ...   30  
31 Retained earnings, endowment, accumulated income, or other funds   31  
32 Total net assets or fund balances ........... 86,165,481 32 91,344,311
33 Total liabilities and net assets/fund balances ........ 86,592,818 33 91,711,386
Form 990 (2019)
Form 990 (2019)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
25,047,401
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
19,508,564
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
5,538,837
4
Net assets or fund balances at beginning of year (must equal Part X, line 32, column (A)) ..
4
86,165,481
5
Net unrealized gains (losses) on investments ...............
5
-360,007
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
 
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 32, column (B))
10
91,344,311
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line 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 (2019)
Form 990 (2019)
Additional Data


Software ID:  
Software Version:  
Form 990, Special Condition Description:
Special Condition Description
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 Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2019
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 12, check only one box.)
1
2
3
4
5
6
7
8
9
10
11
12
a
b
c
d
e
f
Enter the number of supported organizations ...............................30
g
Provide the following information about the supported organization(s).
(i) Name of supported organization (ii) EIN (iii) Type of organization (described on lines 1- 10 above (see instructions)) (iv) Is the organization listed in your governing document? (v) Amount of monetary support (see instructions) (vi) Amount of other support (see instructions)
Yes No
(A) ANCILLA COLLEGE
  		356071917 2 Yes   9,338 0
(B) ANDERSON UNIVERSITY
  		350867954 2 Yes   9,338 0
(C) BETHEL COLLEGE
  		350935587 2 Yes   9,338 0
(D) BUTLER UNIVERSITY
  		350867977 2 Yes   9,338 0
(E) CALUMET COLLEGE OF ST JOSEPH
  		351087173 2 Yes   10,536 0
(F) DEPAUW UNIVERSITY
  		350869045 2 Yes   13,307 0
(G) EARLHAM COLLEGE
  		350868073 2 Yes   9,338 0
(H) FRANKLIN COLLEGE OF INDIANA
  		350868086 2 Yes   13,558 0
(I) GOSHEN COLLEGE
  		352158366 2 Yes   23,776 0
(J) GRACE COLLEGE
  		350868095 2 Yes   9,339 0
(K) HANOVER COLLEGE
  		350868096 2 Yes   13,938 0
(L) HOLY CROSS COLLEGE
  		351148835 2 Yes   9,339 0
(M) HUNTINGTON UNIVERSITY
  		350868101 2 Yes   22,897 0
(N) INDIANA INSTITUTE OF TECHNOLOGY
  		350845258 2 Yes   9,339 0
(O) INDIANA WESLEYAN UNIVERSITY
  		350885591 2 Yes   9,339 0
(P) MANCHESTER UNIVERSITY
  		350868127 2 Yes   9,339 0
(Q) MARIAN UNIVERSITY
  		350868175 2 Yes   41,962 0
(R) MARTIN UNIVERSITY
  		310970262 2 Yes   9,339 0
(S) OAKLAND CITY UNIVERSITY
  		350869093 2 Yes   9,339 0
(T) ROSE-HULMAN INSTITUTE OF TECHNOLOGY
  		350868149 2 Yes   64,960 0
(U) SAINT MARY-OF-THE-WOODS COLLEGE
  		351065063 2 Yes   9,339 0
(V) SAINT MARY'S COLLEGE
  		350868158 2 Yes   24,622 0
(W) TAYLOR UNIVERSITY
  		350868181 2 Yes   24,018 0
(X) TRINE UNIVERSITY
  		350715530 2 Yes   9,339 0
(Y) UNIVERSITY OF EVANSVILLE
  		350868074 2 Yes   11,839 0
(Z) UNIVERSITY OF INDIANAPOLIS
  		350868107 2 Yes   9,339 0
(AA) UNIVERSITY OF NOTRE DAME
  		350868188 2 Yes   9,339 0
(AB) UNIVERSITY OF SAINT FRANCIS
  		350886846 2 Yes   40,339 0
(AC) VALPARAISO UNIVERSITY
  		350868125 2 Yes   33,949 0
(AD) WABASH COLLEGE
  		350868202 2 Yes   56,848 0
Total
30
 545,968  
For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2019

Schedule A (Form 990 or 990-EZ) 2019
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 failed 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) 2015 (b) 2016 (c) 2017 (d) 2018 (e) 2019 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") ..            
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) 2015 (b) 2016 (c) 2017 (d) 2018 (e) 2019 (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 VI.)..            
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 section 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) 2019

Schedule A (Form 990 or 990-EZ) 2019
Page 3
Part III
Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 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) 2015 (b) 2016 (c) 2017 (d) 2018 (e) 2019 (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) 2015 (b) 2016 (c) 2017 (d) 2018 (e) 2019 (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 VI.) ..            
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) 2019

Schedule A (Form 990 or 990-EZ) 2019
Page 4
Part IV
Supporting Organizations
(Complete only if you checked a box on line 12 of Part I. If you checked 12a of Part I, complete Sections A and B. If you checked 12b of Part I, complete Sections A and C. If you checked 12c of Part I, complete Sections A, D, and E. If you checked 12d of Part I, complete Sections A and D, and complete Part V.)
Section A. All Supporting Organizations
Yes
No
1
Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.
1
Yes
 
2
Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).
2
 
No
3a
Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer (b) and (c) below.
3a
 
No
b
Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.
3b
 
 
c
Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.
3c
 
 
4a
Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked 12a or 12b in Part I, answer (b) and (c) below.
4a
 
No
b
Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.
4b
 
 
c
Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.
4c
 
 
5a
Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer (b) and (c) below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).
5a
Yes
 
b
Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?
5b
Yes
 
c
Substitutions only. Was the substitution the result of an event beyond the organization's control?
5c
 
 
6
Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.
6
 
No
7
Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ) .
7
 
No
8
Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ).
8
 
No
9a
Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.
9a
 
No
b
Did one or more disqualified persons (as defined in line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.
9b
 
No
c
Did a disqualified person (as defined in line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.
9c
 
No
10a
Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.
10a
 
No
b
Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).
10b
 
 
Schedule A (Form 990 or 990-EZ) 2019

Schedule A (Form 990 or 990-EZ) 2019
Page 5
Part IV
Supporting Organizations (continued)
Yes
No
11
Has the organization accepted a gift or contribution from any of the following persons?
a
A person who directly or indirectly controls, either alone or together with persons described in (b) and (c) below, the governing body of a supported organization?
11a
 
No
b
A family member of a person described in (a) above?
11b
 
No
c
A 35% controlled entity of a person described in (a) or (b) above? If “Yes” to a, b, or c, provide detail in Part VI.
11c
 
No
Section B. Type I Supporting Organizations
Yes
No
1
Did the directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.
1
 
No
2
Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.
2
 
No
Section C. Type II Supporting Organizations
Yes
No
1
Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).
1
 
 
Section D. All Type III Supporting Organizations
Yes
No
1
Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?
1
 
 
2
Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).
2
 
 
3
By reason of the relationship described in (2), did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.
3
 
 
Section E. Type III Functionally-Integrated Supporting Organizations
1
Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):
a
b
c
2
Activities Test. Answer (a) and (b) below.
Yes
No
a
Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.
2a
 
 
b
Did the activities described in (a) constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.
2b
 
 
3
Parent of Supported Organizations. Answer (a) and (b) below.
a
Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations? Provide details in Part VI.
3a
 
 
b
Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.
3b
 
 
Schedule A (Form 990 or 990-EZ) 2019

Schedule A (Form 990 or 990-EZ) 2019
Page 6
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations
1
Section A - Adjusted Net Income (A) Prior Year (B) Current Year
(optional)
1 Net short-term capital gain 1    
2 Recoveries of prior-year distributions 2    
3 Other gross income (see instructions) 3    
4 Add lines 1 through 3 4    
5 Depreciation and depletion 5    
6 Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) 6    
7 Other expenses (see instructions) 7    
8 Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) 8    
Section B - Minimum Asset Amount (A) Prior Year (B) Current Year
(optional)
1 Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): 1
a Average monthly value of securities 1a    
b Average monthly cash balances 1b    
c Fair market value of other non-exempt-use assets 1c    
d Total (add lines 1a, 1b, and 1c) 1d    
e Discount claimed for blockage or other factors
(explain in detail in Part VI):  
2 Acquisition indebtedness applicable to non-exempt use assets 2    
3 Subtract line 2 from line 1d 3    
4 Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). 4    
5 Net value of non-exempt-use assets (subtract line 4 from line 3) 5    
6 Multiply line 5 by .035 6    
7 Recoveries of prior-year distributions 7    
8 Minimum Asset Amount (add line 7 to line 6) 8    
Section C - Distributable Amount Current Year
1 Adjusted net income for prior year (from Section A, line 8, Column A) 1  
2 Enter 85% of line 1 2  
3 Minimum asset amount for prior year (from Section B, line 8, Column A) 3  
4 Enter greater of line 2 or line 3 4  
5 Income tax imposed in prior year 5  
6 Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) 6  
7
Schedule A (Form 990 or 990-EZ) 2019

Schedule A (Form 990 or 990-EZ) 2019
Page 7
Part V
Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations(continued)
Section D - Distributions Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes  
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in
excess of income from activity		  
3 Administrative expenses paid to accomplish exempt purposes of supported organizations  
4 Amounts paid to acquire exempt-use assets  
5 Qualified set-aside amounts (prior IRS approval required)  
6 Other distributions (describe in Part VI). See instructions  
7Total annual distributions. Add lines 1 through 6.  
8 Distributions to attentive supported organizations to which the organization is responsive (provide
details in Part VI). See instructions		  
9 Distributable amount for 2019 from Section C, line 6  
10 Line 8 amount divided by Line 9 amount  
Section E - Distribution Allocations (see instructions) (i)
Excess Distributions 		(ii)
Underdistributions
Pre-2019 		(iii)
Distributable
Amount for 2019
1 Distributable amount for 2019 from Section C, line 6  
2 Underdistributions, if any, for years prior to 2019 (reasonable cause required-- explain in Part VI).
See instructions.		  
3 Excess distributions carryover, if any, to 2019:
a From 2014.......  
b From 2015.......  
c From 2016.......  
d From 2017.......  
e From 2018.......  
fTotal of lines 3a through e  
g Applied to underdistributions of prior years  
h Applied to 2019 distributable amount  
i Carryover from 2014 not applied (see
instructions) 		 
j Remainder. Subtract lines 3g, 3h, and 3i from 3f.  
4Distributions for 2019 from Section D, line 7:
$  
a Applied to underdistributions of prior years  
b Applied to 2019 distributable amount  
c Remainder. Subtract lines 4a and 4b from 4.  
5 Remaining underdistributions for years prior to
2019, if any. Subtract lines 3g and 4a from line 2.
If the amount is greater than zero, explain in Part VI.
See instructions.		  
6 Remaining underdistributions for 2019. Subtract
lines 3h and 4b from line 1. If the amount is greater
than zero, explain in Part VI. See instructions.		  
7 Excess distributions carryover to 2020. Add lines
3j and 4c.		  
8 Breakdown of line 7:
a Excess from 2015.....  
b Excess from 2016.....  
c Excess from 2017.....  
d Excess from 2018.....  
e Excess from 2019.....  
Schedule A (Form 990 or 990-EZ) (2019)

Schedule A (Form 990 or 990-EZ) 2019
Page 8
Part VI
Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Return Reference Explanation
SCHEDULE A, PART IV, SECTION A, LINE 5A REMOVAL OF SUPPORTED ORGANIZATIONS DURING THE TAX YEAR: ST. JOSEPH'S COLLEGE (EIN 35-0868152) IS NO LONGER A SUPPORTED ORGANIZATION DUE TO THE COLLEGE SUSPENDING OPERATIONS.
SCHEDULE A, PART IV, SECTION B, LINE 1 POWER TO ELECT A MAJORITY OF THE ORGANIZATION'S DIRECTORS: THE PRESIDENT OF EACH SUPPORTED ORGANIZATION IS A DIRECTOR OF THE BOARD OF ICI. THE SUPPORTED ORGANIZATIONS HOLD A TOTAL OF 30 BOARD POSITIONS.
Schedule A (Form 990 or 990-EZ) 2019


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.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2019
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 isn't covered by the General Rule and/or the Special Rules doesn't 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 its Form 990PF, Part I, line 2, to certify that it doesn't 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) (2019)
Schedule B (Form 990, 990-EZ, or 990-PF) (2019) Page 2
Name of organization
Independent Colleges of Indiana Inc
  		Employer identification number
31-0901001
Part I
Contributors
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
 
 
 
 

$  


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
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) (2019)
Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
Page 4
Name of organization
Independent Colleges of Indiana Inc
  		Employer identification number

31-0901001
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. 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) (2019)

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 BulletGo to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2019
Open to Public
Inspection
If the organization answered "Yes" on 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" on 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" on Form 990, Part IV, Line 5 (Proxy Tax) (see separate instructions) or Form 990-EZ, Part V, line 35c (Proxy Tax) (see separate instructions), 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 (see instructions for definition of “political campaign activities")

2
Political campaign activity expenditures (see instructions) ....................................................................SchCMd Bullet
$  
3
Volunteer hours for political campaign activities (see instructions) ..................................................................
 

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-.
1
2
3
4
5
6
For Paperwork Reduction Act Notice, see the instructions for Form 990 or 990-EZ.
Cat. No. 50084S
Schedule C (Form 990 or 990-EZ) 2019

Schedule C (Form 990 or 990-EZ) 2019
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 separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
Calendar year (or fiscal year
beginning in) 		(a) 2016 (b) 2017 (c) 2018 (d) 2019 (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) 2019


Schedule C (Form 990 or 990-EZ) 2019
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 on lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.
(a)
Yes|No
(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
 
62,430
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ..................
 
No
 
i
Other activities? ...................................................................................................................
 
No
 
j
Total. Add lines 1c through 1i ....................................................................................................
62,430
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
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, lines 1 and 2 (see instructions), and Part ll-B, line 1. Also, complete this part for any additional information.
Return Reference Explanation
SCHEDULE C, PART II-B, LINE 1G 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) 2019


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," on 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 Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2019
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" on Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .........    
2 Aggregate value of contributions to (during year)    
3 Aggregate value of 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" on 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 7/25/06, 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, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, handling of violations, 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" on Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under FASB 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 FASB 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)
Revenue included on 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 FASB ASC 958 relating to these items:
a
Revenue included on 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) 2019

Schedule D (Form 990) 2019
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" on 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, for escrow or custodial account liability? ...
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" on Form 990, Part IV, line 10.
(a) Current year (b) Prior year (c) Two years back (d) Three years back (e) Four years back
1a Beginning of year balance .... 1,361,035 1,168,958 1,232,210 1,196,568 119,767
b Contributions ... 90,000 52,696     1,002,664
c Net investment earnings, gains, and losses 114,192 155,984 -57,252 36,065 74,137
d Grants or scholarships ...   6,000 6,000    
e Other expenditures for facilities
and programs ... 		      423  
f Administrative expenses .... 10,366 10,603      
g End of year balance ...... 1,554,861 1,361,035 1,168,958 1,232,210 1,196,568
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet91.000 %
b
Permanent endowment SchDMd Bullet7.700 %
c
Term endowment SchDMd Bullet1.300 %
The percentages on 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" on 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.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. 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 ....        
c Leasehold improvements   190,045 76,018 114,027
d Equipment ....   207,051 148,584 58,467
e Other .....        
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..SchDMdBullet 172,494
Schedule D (Form 990) 2019

Schedule D (Form 990) 2019
Page 3
Part VII
Investments—Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. 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........    
(3)Other
(B)
(C)
(D)
(E)
(F)
(G)
(H)
(I)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet  
Part VIII
Investments—Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
(1) Federal income taxes  
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet  
2. Liability for uncertain tax positions. 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) 2019

Schedule D (Form 990) 2019
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total revenue, gains, and other support per audited financial statements ....... 1 24,141,426
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments .... 2a -360,007
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 -360,007
3 Subtract line 2e from line 1.................. 3 24,501,433
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 545,968
c Add lines 4a and 4b.................... 4c 545,968
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5 25,047,401
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total expenses and losses per audited financial statements ........... 1 18,962,596
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  
e Add lines 2a through 2d.................... 2e  
3 Subtract line 2e from line 1................... 3 18,962,596
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 545,968
c Add lines 4a and 4b..................... 4c 545,968
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5 19,508,564
Part XIII
Supplemental Information
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.
Return Reference Explanation
SCHEDULE D, PART V, LINE 4 INTENDED USES OF ENDOWMENT FUNDS: THE ENDOWMENT FUND IS USED TO SUPPORT SCHOLARSHIPS AND GENERAL OPERATION.
SCHEDULE D, PART X, LINE 2 FIN 48 DISCLOSURE: 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.
SCHEDULE D, PART XI, LINE 4B RECONCILIATION OF REVENUE PER AUDITED FINANCIAL STATEMENTS AMOUNTS: DISTRIBUTED TO MEMBER COLLEGES: $545,968.
SCHEDULE D, PART XII, LINE 4B RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS AMOUNTS: DISTRIBUTED TO MEMBER COLLEGES: $545,968.
Schedule D (Form 990) 2019


Additional Data


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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," on Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990.
lBullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2019
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 Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on 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 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
noncash assistance		 (h) Purpose of grant
or assistance
(1) ADAMS COUNTY COMMUNITY FDN INC
102 N 2ND ST
DECATUR,IN46733 		35-1834664 501(C )(3) 6,500       GENERAL SUPPORT
(2) BENTON COMMUNITY FOUNDATION
P O BOX 351
FOWLER,IN47944 		26-0074023 501(C )(3) 6,500       GENERAL SUPPORT
(3) BLACKFORD COUNTY COMMUNITY FDN
P O BOX 327
HARTFORD CITY,IN47348 		35-1792844 501(C )(3) 6,500       GENERAL SUPPORT
(4) BLUE RIVER FOUNDATION INC
P O BOX 808
SHELBYVILLE,IN46176 		35-1756331 501(C )(3) 6,500       GENERAL SUPPORT
(5) BROWN COUNTY COMMUNITY FDN
P O BOX 191
NASHVILLE,IN47448 		35-1960379 501(C )(3) 6,500       GENERAL SUPPORT
(6) CASS COUNTY COMMUNITY FOUNDATION
P O BOX 411
LOGANSPORT,IN46947 		35-2125727 501(C )(3) 6,500       GENERAL SUPPORT
(7) CENTRAL INDIANA COMMUNITY FOUNDATION
615 N ALABAMA ST
INDIANAPOLIS,IN46204 		35-1793680 501(C )(3) 84,500       GENERAL SUPPORT
(8) COMMUNITY FOUNDATION ALLIANCE
5000 E VIRGINIA AVE
EVANSVILLE,IN47715 		35-1830262 501(C )(3) 78,000       GENERAL SUPPORT
(9) COMTY FDN OF BLOOMIMNGTON AND MONROE COUNTY
101 W KIRKWOOD AVE
BLOOMINGTON,IN47404 		35-1811149 501(C )(3) 13,000       GENERAL SUPPORT
(10) COMMUNITY FDN OF BOONE COUNTY INC
P O BOX 92
ZIONSVILLE,IN46077 		35-1829585 501(C )(3) 13,000       GENERAL SUPPORT
(11) COMMUNITY FDN OF CRAWFORD COUNTY
P O BOX 205
MILLTOWN,IN47145 		20-0864966 501(C )(3) 6,500       GENERAL SUPPORT
(12) COMMUNITY FOUNDATION OF GRANT COUNTY
505 W THIRD ST
MARION,IN46952 		31-1117791 501(C )(3) 13,000       GENERAL SUPPORT
(13) COMMUNITY FDN OF GREATER FT WAYNE
555 E WAYNE ST
FT WAYNE,IN46802 		35-1119450 501(C )(3) 32,500       GENERAL SUPPORT
(14) COMMUNITY FDN OF HOWARD COUNTY INC
215 W SYCAMORE ST
KOKOMO,IN46901 		35-1844891 501(C )(3) 26,000       GENERAL SUPPORT
(15) COMMUNITY FDN OF JACKSON COUNTY INC
P O BOX 1231
SEYMOUR,IN47274 		31-1119856 501(C )(3) 6,500       GENERAL SUPPORT
(16) COMMTY FDN OF MADISONANDJEFFERSON CNTY
P O BOX 306
MADISON,IN47250 		35-1847297 501(C )(3) 6,500       GENERAL SUPPORT
(17) COMMUNITY FOUNDATION OF MORGAN COUNTY
250 N MONROE ST
MOORESVILLE,IN46158 		35-1956929 501(C )(3) 13,000       GENERAL SUPPORT
(18) COMMUNITY FDN OF MUNCIE AND DELAWARE CNTY
P O BOX 807
MUNCIE,IN47308 		35-1640051 501(C )(3) 13,000       GENERAL SUPPORT
(19) COMMUNITY FDN OF RANDOLPH COUNTY
213 S MAIN ST
WINCHESTER,IN47394 		35-1903148 501(C )(3) 6,500       GENERAL SUPPORT
(20) COMMUNITY FDN OF SOUTHERN INDIANA INC
4104 CHARLESTOWN RD
NEW ALBANY,IN47150 		35-1827813 501(C )(3) 26,000       GENERAL SUPPORT
(21) COMMUNITY FDN OF STJOSEPH COUNTYINC
P O BOX 837
SOUTH BEND,IN46624 		23-7365930 501(C )(3) 26,000       GENERAL SUPPORT
(22) COMMUNITY FOUNDATION OF WABASH COUNTY
P O BOX 98
NORTH MANCHESTER,IN46962 		35-6049016 501(C )(3) 6,500       GENERAL SUPPORT
(23) DEARBORN COMMUNITY FOUNDATION
322 WALNUT ST
LAWRENCEBURG,IN47025 		35-2036110 501(C )(3) 6,500       GENERAL SUPPORT
(24) DECATUR COUNTY COMMUNITY FDN INC
P O BOX 72
GREENSBURG,IN47240 		35-1870979 501(C )(3) 6,500       GENERAL SUPPORT
(25) DEKALB COUNTY COMMUNITY FDN INC
P O BOX 111
AUBURN,IN46706 		35-1992897 501(C )(3) 6,500       GENERAL SUPPORT
(26) DUBOIS COUNTY COMMUNITY FDN INC
P O BOX 269
JASPER,IN47547 		35-1990305 501(C )(3) 6,500       GENERAL SUPPORT
(27) ELKHART COUNTY COMMUNITY FOUNDATION
P O BOX 3932
ELKHART,IN46515 		31-1255886 501(C )(3) 19,500       GENERAL SUPPORT
(28) FAYETTE COUNTY FOUNDATION
P O BOX 844
CONNERSVILLE,IN47331 		35-2232770 501(C )(3) 6,500       GENERAL SUPPORT
(29) FRANKLIN COUNTY FOUNDATION
527 MAIN ST
BROOKVILLE,IN47012 		35-2034336 501(C )(3) 6,500       GENERAL SUPPORT
(30) GREATER LAFAYETTE COMMUNITY FOUNDATION
1114 STETE ST
LAFAYETTE,IN47905 		23-7147996 501(C )(3) 26,000       GENERAL SUPPORT
(31) GREENE COUNTY FOUNDATION
RR 2 BOX 38X
BLOOMFIELD,IN47424 		35-1815060 501(C )(3) 6,500       GENERAL SUPPORT
(32) HANCOCK COUNTY COMMUNITY FOUNDATION
312 E MAIN ST
GREENFIELD,IN46140 		35-1837729 501(C )(3) 13,000       GENERAL SUPPORT
(33) HENDRICKS COUNTY COMMUNITY FOUNDATION
5055 E MAIN ST SUITE A
AVON,IN46123 		35-1878973 501(C )(3) 19,500       GENERAL SUPPORT
(34) HENRY COUNTY COMMUNITY FDN INC
P O BOX 6006
NEW CASTLE,IN47362 		31-1170412 501(C )(3) 6,500       GENERAL SUPPORT
(35) HERITAGE FUND OF BARTHOLOMEW CNTYINC
P O BOX 1547
COLUMBUS,IN47202 		35-2135816 501(C )(3) 13,000       GENERAL SUPPORT
(36) HUNTINGTON COUNTY COMMUNITY FDN INC
P O BOX 5037
HUNTINGTON,IN46750 		35-1838709 501(C )(3) 6,500       GENERAL SUPPORT
(37) JASPER FOUNDATION INC
P O BOX 295
RENSSELAER,IN47978 		35-1842404 501(C )(3) 13,000       GENERAL SUPPORT
(38) JENNINGS COUNTY COMMUNITY FDN INC
265 E MAIN ST
NORTH VERNON,IN47265 		35-1922885 501(C )(3) 6,500       GENERAL SUPPORT
(39) JOHNSON COUNTY COMMUNITY FDN INC
P O BOX 217
FRANKLIN,IN46131 		35-1797437 501(C )(3) 19,500       GENERAL SUPPORT
(40) KOSCIUSKO COUNTY COMMUNITY FDN INC
102 E MARKET ST
WARSAW,IN46580 		35-6086777 501(C )(3) 13,000       GENERAL SUPPORT
(41) LAGRANGE COUNTY COMMUNITY FDN INC
109 E CENTRAL AVE 3
LAGRANGE,IN46761 		35-1834679 501(C )(3) 6,500       GENERAL SUPPORT
(42) LAWRENCE COUNTY COMMUNITY FDN INC
P O BOX 1235
BEDFORD,IN47421 		35-1889139 501(C )(3) 13,000       GENERAL SUPPORT
(43) LEGACY FOUNDATION INC
1000 E 80TH PLACE
MERRILLVILLE,IN46410 		35-1872803 501(C )(3) 39,000       GENERAL SUPPORT
(44) MADISON COUNTY COMMUNITY FDN INC
P O BOX 1056
ANDERSON,IN46016 		35-1859959 501(C )(3) 13,000       GENERAL SUPPORT
(45) MARSHALL COUNTY COMMUNITY FDN INC
P O BOX 716
PLYMOUTH,IN46563 		35-1826870 501(C )(3) 6,500       GENERAL SUPPORT
(46) MONTGOMERY CNTY COMMUNITY FDN INC
P O BOX 334
CRAWFORDSVILLE,IN47933 		35-1912317 501(C )(3) 6,500       GENERAL SUPPORT
(47) NOBLE COUNTY COMMUNITY FDN INC
1599 LINCOLNWAY SOUTH
LIGONIER,IN46767 		35-1827247 501(C )(3) 6,500       GENERAL SUPPORT
(48) NORTHERN INDIANA COMMUNITY FDN INC
P O BOX 807
ROCHESTER,IN46975 		35-1912317 501(C )(3) 19,500       GENERAL SUPPORT
(49) OHIO COUNTY COMMUNITY FOUNDATION
P O BOX 170
RISING SUN,IN47040 		35-2038531 501(C )(3) 6,500       GENERAL SUPPORT
(50) ORANGE COUNTY COMMUNTY FOUNDATION
112 W WATER ST
PAOLI,IN47454 		35-2117084 501(C )(3) 6,500       GENERAL SUPPORT
(51) OWEN COUNTY COMMUNITY FOUNDATION INC
P O BOX 5037
SPENCER,IN47460 		35-1934464 501(C )(3) 6,500       GENERAL SUPPORT
(52) PARKE COUNTY COMMUNITY FOUNDATION INC
P O BOX 276
ROCKVILLE,IN47872 		35-1881810 501(C )(3) 6,500       GENERAL SUPPORT
(53) PORTER COUNTY COMMUNITY FOUNDATION
P O BOX 302
VALPARAISO,IN46384 		35-2000788 501(C )(3) 19,500       GENERAL SUPPORT
(54) PORTLAND FOUNDATION
112 E MAIN ST
PORTLAND,IN47371 		35-2019497 501(C )(3) 6,500       GENERAL SUPPORT
(55) PULASKI COUNTY COMMUNITY FOUNDATION
P O BOX 407
WINAMAC,IN46996 		35-2127564 501(C )(3) 6,500       GENERAL SUPPORT
(56) PUTNAM COUNTY FOUNDATION INC
P OBOX 514
GREENCASTLE,IN46135 		31-1159916 501(C )(3) 6,500       GENERAL SUPPORT
(57) RIPLEY COUNTY COMMUNITY FOUNDATION
132 S MAIN ST
BATESVILLE,IN47006 		35-2048001 501(C )(3) 6,500       GENERAL SUPPORT
(58) RUSH COUNTY COMMUNITY FOUNDATION INC
117 N MAIN ST
RUSHVILLE,IN46173 		35-1835950 501(C )(3) 6,500       GENERAL SUPPORT
(59) SCOTT COUNTY COMMUNITY FOUNDATION
P O BOX 25
SCOTTSBURG,IN47170 		35-2041369 501(C )(3) 6,500       GENERAL SUPPORT
(60) STEUBEN COUNTY COMMUNITY FDN INC
1701 N WAYNE ST
ANGOLA,IN46703 		35-1857065 501(C )(3) 6,500       GENERAL SUPPORT
(61) SWITZERLAND COUNTY COMMUNITY FDN
P O BOX 46
VEVAY,IN47043 		35-2087649 501(C )(3) 6,500       GENERAL SUPPORT
(62) TIPTON COUNTY FOUNDATION INC
P O BOX 412
TIPTON,IN46072 		35-1878973 501(C )(3) 6,500       GENERAL SUPPORT
(63) UNION COUNTY FOUNDATION INC
404 EATON ST
LIBERTY,IN47353 		35-1769294 501(C )(3) 6,500       GENERAL SUPPORT
(64) UNITY FDN OF LAPORTE COUNTY INC
P O BOX 527
MICHIGAN CITY,IN46361 		35-1658674 501(C )(3) 13,000       GENERAL SUPPORT
(65) WABASH VALLEY COMMUNITY FOUNDATION
2901 OHIO BLVD
TERRE HAUTE,IN47803 		35-6019016 501(C )(3) 26,000       GENERAL SUPPORT
(66) WARREN COUNTY COMMUNITY FOUNDATION
31 N MONROE ST
WILLIAMSPORT,IN47993 		35-2070789 501(C )(3) 6,500       GENERAL SUPPORT
(67) WASHINGTON COUNTY COMMUNITY FDN INC
P O BOX 5037
SALEM,IN47167 		35-1883377 501(C )(3) 6,500       GENERAL SUPPORT
(68) WAYNE COUNTY INDIANA FOUNDATION INC
33 SOUTH 7TH ST
RICHMOND,IN47374 		35-1046033 501(C )(3) 13,000       GENERAL SUPPORT
(69) WELLS COUNTY FOUNDATION INC
109 N SCOTT ST
BLUFFTON,IN46714 		35-6042815 501(C )(3) 6,500       GENERAL SUPPORT
(70) WESTERN INDIANA COMMUNITY FDN INC
P O BOX 175
COVINGTON,IN47932 		35-1814927 501(C )(3) 13,000       GENERAL SUPPORT
(71) WHITLEY COUNTY COMMUNITY FDN INC
P O BOX 527
COLUMBIA CITY,IN46725 		35-1860518 501(C )(3) 6,500       GENERAL SUPPORT
(72) HARRISON COUNTY COMMUNITY FDN
1523 FOUNDATION WAY
CORYDON,IN47112 		35-1986569 501(C)(3) 6,500       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) 2019

Schedule I (Form 990) 2019
Page 2
Part III
Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on 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
noncash assistance		 (e) Method of valuation (book,
FMV, appraisal, other)		 (f) Description of noncash assistance
(1) LILLY SCHOLARSHIP PROGRAM 142 15,093,439      
(2) UPS GRANT 30 90,000      
(3) REALIZING THE DREAM SCHOLARSHIP 60 107,500      
(4) OTHER SCHOLARSHIPS 4 4,000      
(5) BALL VENTURE SCHOLARSHIP 5 84,000      
(6) STEM TEACH INDIANA 19 39,620      
(6)
(7)
Part IV
Supplemental Information. Provide the information required in Part I, line 2; Part III, column (b); and any other additional information.
Return Reference Explanation
SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANTS IN THE UNITED STATES: 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.
SCHEDULE I SUPPLEMENTAL GRANT INFORMATION: 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 $2,500 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. 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. 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.
Schedule I (Form 990) 2019



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" on Form 990, Part IV, line 23.
SchJMediumBullet Attach to Form 990.
SchJMediumBullet Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2019
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 on 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 on 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
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on 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 on 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), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on 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," on line 5a or 5b, describe in Part III.
6
For persons listed on 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," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
No
8
Were any amounts reported on 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" on 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) 2019

Schedule J (Form 990) 2019
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 on 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 in column (B) reported as deferred on prior Form 990
(i) Base
compensation 		(ii) Bonus & incentive
compensation 		(iii) Other reportable compensation
1ALAN C PRICE
DIRECTOR 		(i)

(ii)		 0
-------------
215,035 		0
-------------
0 		0
-------------
0 		0
-------------
21,503 		0
-------------
10,170 		0
-------------
246,708 		 
-------------
0
2DR LAKE LAMBERT
TREASURER 		(i)

(ii)		 0
-------------
305,260 		0
-------------
0 		0
-------------
0 		0
-------------
25,422 		0
-------------
14,137 		0
-------------
344,819 		0
-------------
0
3DR REBECCA STOLTZFUS
DIRECTOR 		(i)

(ii)		 0
-------------
320,767 		0
-------------
0 		0
-------------
0 		0
-------------
0 		0
-------------
0 		0
-------------
320,767 		0
-------------
0
4DR BILL KATIP
PAST CHAIR 		(i)

(ii)		 0
-------------
227,037 		0
-------------
15,379 		0
-------------
0 		0
-------------
23,205 		0
-------------
22,345 		0
-------------
287,966 		0
-------------
0
5DR THOMAS MINAR
DIRECTOR 		(i)

(ii)		 0
-------------
336,950 		0
-------------
32,500 		0
-------------
0 		0
-------------
38,900 		0
-------------
21,024 		0
-------------
429,374 		0
-------------
0
6DR SHERILYN EMBERTON
DIRECTOR 		(i)

(ii)		 0
-------------
192,702 		0
-------------
0 		0
-------------
0 		0
-------------
34,891 		0
-------------
36,253 		0
-------------
263,846 		0
-------------
0
7DR KARL W EINOLF
DIRECTOR 		(i)

(ii)		 0
-------------
207,075 		0
-------------
0 		0
-------------
0 		0
-------------
0 		0
-------------
10,953 		0
-------------
218,028 		0
-------------
0
8DR DAVID WRIGHT
DIRECTOR 		(i)

(ii)		 0
-------------
246,215 		0
-------------
0 		0
-------------
0 		0
-------------
25,500 		0
-------------
65,470 		0
-------------
337,185 		0
-------------
0
9DR DAVE MCFADDEN
DIRECTOR 		(i)

(ii)		 0
-------------
276,678 		0
-------------
0 		0
-------------
0 		0
-------------
24,300 		0
-------------
41,797 		0
-------------
342,775 		0
-------------
0
10DR DANIEL ELSENER
DIRECTOR 		(i)

(ii)		 0
-------------
460,052 		0
-------------
75,000 		0
-------------
0 		0
-------------
83,900 		0
-------------
59,883 		0
-------------
678,835 		0
-------------
0
11DR RAY G BARBER
DIRECTOR 		(i)

(ii)		 0
-------------
220,281 		0
-------------
0 		0
-------------
0 		0
-------------
50,000 		0
-------------
0 		0
-------------
270,281 		0
-------------
0
12DR JAMES CONWELL
DIRECTOR 		(i)

(ii)		 0
-------------
556,556 		0
-------------
0 		0
-------------
0 		0
-------------
52,500 		0
-------------
39,028 		0
-------------
648,084 		0
-------------
0
13DR DOTTIE KING
CHAIR 		(i)

(ii)		 0
-------------
210,972 		0
-------------
14,144 		0
-------------
0 		0
-------------
0 		0
-------------
0 		0
-------------
225,116 		0
-------------
0
14P LOWELL HAINES
DIRECTOR 		(i)

(ii)		 0
-------------
251,588 		0
-------------
0 		0
-------------
0 		0
-------------
48,679 		0
-------------
45,644 		0
-------------
345,911 		0
-------------
0
15DR EARL D BROOKS II
DIRECTOR 		(i)

(ii)		 0
-------------
481,883 		0
-------------
151,358 		0
-------------
0 		0
-------------
26,949 		0
-------------
19,737 		0
-------------
679,927 		0
-------------
0
16DR THOMAS A KAZEE
DIRECTOR 		(i)

(ii)		 0
-------------
393,846 		0
-------------
0 		0
-------------
0 		0
-------------
85,374 		0
-------------
19,097 		0
-------------
498,317 		0
-------------
0
17DR ROBERT L MANUEL
DIRECTOR 		(i)

(ii)		 0
-------------
471,909 		0
-------------
0 		0
-------------
0 		0
-------------
35,100 		0
-------------
26,842 		0
-------------
533,851 		0
-------------
0
18FR JOHN JENKINS CSC PHD
DIRECTOR 		(i)

(ii)		 0
-------------
923,994 		0
-------------
0 		0
-------------
94,007 		0
-------------
0 		0
-------------
68,105 		0
-------------
1,086,106 		0
-------------
0
19DR MARK A HECKLER
DIRECTOR 		(i)

(ii)		 0
-------------
414,845 		0
-------------
0 		0
-------------
0 		0
-------------
20,250 		0
-------------
27,953 		0
-------------
463,048 		0
-------------
0
20DR GREGORY HESS
DIRECTOR 		(i)

(ii)		 0
-------------
426,748 		0
-------------
0 		0
-------------
0 		0
-------------
18,000 		0
-------------
18,420 		0
-------------
463,168 		0
-------------
0
21MR JOHN PISTOLE
DIRECTOR 		(i)

(ii)		 0
-------------
206,785 		0
-------------
0 		0
-------------
0 		0
-------------
6,150 		0
-------------
26,828 		0
-------------
239,763 		0
-------------
0
22DR GREGG CHENOWETH
DIRECTOR 		(i)

(ii)		 0
-------------
213,787 		0
-------------
0 		0
-------------
0 		0
-------------
40,568 		0
-------------
53,324 		0
-------------
307,679 		0
-------------
0
23MR JAMES M DANKO
DIRECTOR 		(i)

(ii)		 0
-------------
515,552 		0
-------------
74,876 		0
-------------
0 		0
-------------
45,433 		0
-------------
12,093 		0
-------------
647,954 		0
-------------
0
24DR AMY MCCORMACK
DIRECTOR 		(i)

(ii)		 0
-------------
243,511 		0
-------------
0 		0
-------------
0 		0
-------------
12,690 		0
-------------
11,611 		0
-------------
267,812 		0
-------------
0
25JAN CERVELLI
DIRECTOR 		(i)

(ii)		 0
-------------
368,216 		0
-------------
0 		0
-------------
0 		0
-------------
27,000 		0
-------------
6,056 		0
-------------
401,272 		0
-------------
0
26D MARK MCCOY
DIRECTOR 		(i)

(ii)		 0
-------------
304,426 		0
-------------
0 		0
-------------
0 		0
-------------
67,680 		0
-------------
51,959 		0
-------------
424,065 		0
-------------
0
Schedule J (Form 990) 2019

Schedule J (Form 990) 2019
Page 3
Part III
Supplemental Information
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.
Return Reference Explanation
SCHEDULE J, PART I, LINE 1A OTHER BENEFITS: 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 AND MEET WITH KEY BUSINESS PARTNERS. 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, PART II COMPENSATION OF THE CONGREGATION OF HOLY CROSS, U.S. PROVINCE, INC.: The amounts listed on Form 990, Part VII, Columns D-F, as well as amounts listed on Schedule J, Part II, Columns B-F for Rev. John I. Jenkins, C.S.C. are amounts paid directly to his religious order, Congregation of Holy Cross, United States Province, Inc. rather than to him as an individual. Most of the amount included on Schedule J, Part II, Column D for Rev. John I. Jenkins, C.S.C. represents a qualified tuition benefit offered to members of the Congregation of Holy Cross, United States Province, Inc.
Schedule J (Form 990) 2019

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 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2019
Open to Public
Inspection
Name of the organization
Independent Colleges of Indiana Inc
 
Employer identification number

31-0901001
Return Reference Explanation
FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW THE FORM 990: ICI'S 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 ORGANIZATION'S PRESIDENT AND THE DIRECTOR OF ACCOUNTING. IN ADDITION, ICI'S OUTSIDE ACCOUNTING FIRM PREPARED AND REVIEWED THE FORM 990 BEFORE FILING. ICI USES THIS PROCESS TO ENSURE THAT ITS FORM 990 RECEIVED SUBSTANTIVE REVIEW BY STAFF, DIRECTORS, AND PROFESSIONALS WITH SPECIFIC KNOWLEDGE OF ICI'S ACTIVITIES AND EXTENSIVE FINANCIAL, ACCOUNTING, AND TAX EXPERTISE.
FORM 990, PART VI, SECTION B, LINE 12C PROCESS FOR MONITORING COMPLIANCE WITH CONFLICT OF INTEREST POLICY: 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.
FORM 990, PART VI, SECTION B, LINE 15A AND 15B REVIEW OF CEO OR TOP MGMT OFFICIAL COMPENSATION: 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 ENSURES 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 EVALUATES THE OTHER EMPLOYEES AND DETERMINES THEIR COMPENSATION AND ENSURE THAT IT IS REASONABLE AND REFLECTS FAIR MARKET VALUE. THE COMPENSATION OF THE OTHER EMPLOYEES ARE RATIFIED AND APPROVED BY THE EXECUTIVE COMMITTEE BASED ON THE CEO'S RECOMMENDATION. THE LAST COMPENSATION REVIEWS WERE CONDUCTED IN 2018.
FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF GOVERNING DOCS., FIN.STATEMENTS, AND COI POLICY: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO ALL DONORS AND AVAILABLE UPON REQUEST TO ALL OTHER RELATED ORGANIZATIONS.
FORM 990, PART VII, SECTION A COMPENSATION FROM RELATED ORGANIZATIONS: ICI IS REPORTING IN COLUMNS (E) AND (F) 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 D-F, as well as amounts listed on Schedule J, Part II, Columns B-F for Rev. John I. Jenkins, C.S.C. are amounts paid directly to his religious order, Congregation of Holy Cross, United States Province, Inc. rather than to him as an individual. Most of the amount included on Schedule J, Part II, Column D for Rev. John I. Jenkins, C.S.C. represents a qualified tuition benefit offered to members of the Congregation of Holy Cross, United States Province, Inc.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2019


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" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBulletAttach to Form 990.
MediumBullet Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047
2019
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" on 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
(1) BLUE FRONTIER LLC
12800 N MERIDIAN ST
CARMEL,IN46032
 EDUCATION IN 6,300 12,225 ICIINC
 










Part II
Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on 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 OF INDIANA
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
495 COLLEGE AVENUE

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 INSTITUTE OF TECHNOLOGY
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 UNIVERSITY
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 MARY-OF-THE-WOODS COLLEGE
SAINT MARY-OF-THE-WOODS

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

NOTRE DAME,IN46556
35-0868158 		EDUCATION IN 501(C)3 2 NA
 
 
No
(23)TAYLOR UNIVERSITY
236 WEST READE AVE

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

ANGOLA,IN46703
35-0715530 		EDUCATION IN 501(C)3 2 NA
 
 
No
(25)UNIVERSITY OF EVANSVILLE
1800 LINCOLN AVE

EVANSVILLE,IN47722
35-0868074 		EDUCATION IN 501(C)3 2 NA
 
 
No
(26)UNIVERSITY OF INDIANAPOLIS
1400 E HANNA AVE

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

NOTRE DAME,IN46556
35-0868188 		EDUCATION IN 501(C)3 2 NA
 
 
No
(28)UNIVERSITY OF SAINT FRANCIS
2701 SPRING STREET

FORT WAYNE,IN46808
35-0886846 		EDUCATION IN 501(C)3 2 NA
 
 
No
(29)VALPARAISO UNIVERSITY
1700 CHAPEL DRIVE

VALPARAISO,IN46383
35-0868125 		EDUCATION IN 501(C)3 2 NA
 
 
No
(30)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) 2019
Schedule R (Form 990) 2019
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on 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" on 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) 2019
Schedule R (Form 990) 2019
Page 3
Part V
Transactions With Related Organizations. Complete if the organization answered "Yes" on 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
 
No
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 related organization 		(b)
Transaction
type (a-s) 		(c)
Amount involved 		(d)
Method of determining amount involved





Schedule R (Form 990) 2019
Schedule R (Form 990) 2019
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on 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 sections 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) 2019
Schedule R (Form 990) 2019
Page 5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R. (see instructions).
Return Reference Explanation
Schedule R (Form 990) 2019

Additional Data


Software ID:  
Software Version: