Public Charity

Independent Colleges of Indiana Inc

Based in Indianapolis, IN, Independent Colleges of Indiana Inc operates as a Public Charity. The organization reported $28.6M in revenue, $26.5M in expenses, $99.6M in total assets for fiscal year 2025. Imperigo tracks 16 reported grant relationships connected to this organization totaling approximately $1.0M.

EIN: 310901001 Indianapolis, IN Professional Societies & Associations NTEE: B03 Latest filing: 2025
Total Revenue$28.6M
Total Expenses$26.5M
Total Assets$99.6M
Grant Records16
Funding Total$1.0M
Filing Years2021–2025

Mission

The Independent Colleges of Indiana (ICI) advances and strengthens the competitive standing of its 29 member independent, nonprofit, regionally accredited, degree granting colleges and universities. ICI works to ensure opportunity, access, and choice in higher education for all students. (Continued on Schedule O)

Where $100 goes at Independent Colleges of Indiana Inc

How Independent Colleges of Indiana Inc divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$94 Programs the work itself
$5 Management running the organization
$1 Fundraising raising the next dollar

Inside the $94 for programs

$84
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…
89% of program spending · Reported in the filing: 65,863 grants
$6
Indiana STEM Teach is a grant from the state of IN to raise the knowledge base of STEM (science, tech, engineering, and math) teachers in the k-12 schools
6% of program spending · Reported in the filing: 12 schools
$4
To advance the cause of and support independent higher education in Indiana for 29 member colleges through fundraising, meetings to discuss common issues, carrying on basic research, and…
5% of program spending

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

2024
GRANTS TO STATE COUNCILS
$114,000
2023
GRANTS TO STATE COUNCILS
$114,987
2023
Reimbursing schools for Teacher stipends, supplies, and equipment that are related to the purpose of the Grant/Contract
$16,490
2022
GRANT TO STATE COUNCILS
$94,300
2021
UPS SCHOLARSHIPS
$92,800

Showing up to 5 of 16 total records — full history available with membership.

Officers & Directors

Director (Start 8/9/24) Brennan Randolph
Director Christopher M Pietruszkiewicz Jd
Director Daniel Elsener
Director Dr Amy Mccormack
Director Dr Barbara Bellefeuille
Director Dr D Michael Lindsay

Officer compensation and complete director data available with membership.

Top Grant Purposes

Education
$582,390 8 grants
General Support
$418,751 8 grants

Financial Trends

Year Revenue Expenses Assets
2025 $28.6M $26.5M $99.6M
2024 $25.9M $26.0M $95.1M
2023 $25.8M $23.7M $93.0M
2022 $22.1M $22.3M $91.2M
2021 $20.2M $21.6M $93.8M

Between 2021 and 2025, reported annual revenue grew from $20.2M to $28.6M (+42%), with total assets most recently reported at $99.6M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for Independent Colleges of Indiana Inc

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