2026-04-27T13:26:55+00:00 2025-06-30 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2024-07-01 364479457 Toyota Technological Institute at Chicago TOYO 7738342500 6045 South Kenwood Avenue Chicago IL 60637 jessica jacobson chief financial officer 7738342500 2026-04-27 true true Jennifer Burke P01342224 3128997000 2026-04-27 2024 2025-03-06 01:10:19Z jessica jacobson 6045 South Kenwood Avenue Chicago IL 60637 19645225 false X www.ttic.edu X 2001 IL Achieving international impact though world-class research and education in fundamental computer science and information technology. 15 14 113 14 0 0 3527204 2335684 1127616 1314907 8500306 7009142 515652 37382 13670778 10697115 3080423 2757043 0 0 7352548 8080990 0 0 0 4913639 4793266 15346610 15631299 -1675832 -4934184 292914693 307343352 10965282 10351112 281949411 296992240 ACHIEVING INTERNATIONAL IMPACT THROUGH WORLD-CLASS RESEARCH AND EDUCATION IN FUNDAMENTAL COMPUTER SCIENCE AND INFORMATION TECHNOLOGY. false false 11223498 2757043 1314907 TOYOTA TECHNOLOGICAL INSTITUTE AT CHICAGO ("TTIC") DEVELOPS RESEARCH AND PROVIDES EDUCATION MAINLY IN THE FIELD OF COMPUTER SCIENCE. TTIC EDUCATES AND TRAINS STUDENTS IN ORDER TO MAKE THEM CREATIVE AND TALENTED SCIENTISTS AND TO CONTRIBUTE TO THE WORLD AND LOCAL COMMUNITIES. TTIC HAD 32 STUDENTS ENROLLED IN PHD PROGRAMS, AND OFFERED A TOTAL OF 12 CLASSES IN THE ACADEMIC YEAR OF 2024-2025. 11223498 true true false false false false false false false true true true false false true true true false true false false false false false false false false false true true false false false false false false false false false false false false false false false false false false false false true 22 0 true 113 true false false false false false false false false false false false false X 15 14 false false false false false false false true true false false false true true true true true true true true false false X jessica jacobson 7738342571 6045 s kenwood ave chicago IL 60637 DR ERIC GRIMSON BOARD Chair 1.0 X X 0 0 0 DR MATTHEW TURK President 37.5 X X 458429 0 43137 DR CHARLES ISBELL BOARD MEMBER 1.0 X 0 0 0 DR HIROYUKI SAKAKI BOARD MEMBER 1.0 X 0 0 0 Dr JUAN DEPABLO BOARD MEMBER 1.0 X 0 0 0 Dr Ka Yee C Lee board member 1.0 X 0 0 0 Dr KAVITA BALA BOARD MEMBER 1.0 X 0 0 0 Dr KAZUO HOTATE BOARD MEMBER 1.0 X 0 0 0 DR MARI OSTENDORF BOARD MEMBER 1.0 X 0 0 0 DR NOBORU KIKUCHI BOARD MEMBER 1.0 X 0 0 0 DR NURIA OLIVER BOARD MEMBER 1.0 X 0 0 0 DR YOSHIHIKO MASUDA BOARD MEMBER 1.0 X 0 0 0 MR IVAN SAMSTEIN BOARD MEMBER 1.0 X 0 0 0 MR ROBERT BARNETT BOARD MEMBER 1.0 X 0 0 0 MS ALEXIS HERMAN BOARD MEMBER 1.0 X 0 0 0 MS CHRISTINA COLEMAN SECRETARY 37.5 X 159052 0 41755 MS JESSICA JACOBSON CHIEF FINANCIAL OFFICER 37.5 X 209418 0 43726 DR AVRIM BLUM CHIEF ACADEMIC OFFICER 37.5 X 378662 0 48646 DR DAVID MCALLESTER PROFESSOR 37.5 X 271762 0 38781 DR JULIA CHUZHOY PROFESSOR 37.5 X 252785 0 105240 DR MADHUR TULSIANI PROFESSOR 37.5 X 208905 0 49540 DR NATHAN SREBRO BARTOM professor 37.5 X 279300 0 42151 DR YURY MAKARYCHEV Professor 37.5 X 249730 0 57505 2468043 0 470481 19 false true false UNIVERSITY OF CHICAGO OF INVESTMENTS 5801 S ELLIS AVE CHICAGO IL 60637 INVESTMENT MANAGEMENT 375000 AON INVESTMENTS 39584 Treasury Center Chicago IL 606949500 Investment Consulting Services 205592 2 0 0 0 0 1581035 754649 0 2335684 TUITION & FEES 611710 1314907 1314907 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1314907 3815779 0 0 3815779 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12141473 0 8948110 0 3193363 0 3193363 0 0 3193363 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 miscellaneous revenue 900099 37382 0 0 37382 0 0 0 0 37382 10697115 1314907 0 7046524 0 0 2757043 2757043 0 0 0 0 1399279 379883 1019396 0 0 0 0 0 4936432 3918883 1017549 0 336514 278066 58448 0 1018993 718302 300691 0 389772 273194 116578 0 0 0 0 0 35192 0 35192 0 81536 0 81536 0 0 0 0 0 0 0 738222 0 738222 0 51686 0 51686 0 0 0 0 0 273452 78271 195181 0 0 0 0 0 0 0 0 0 1459813 1226243 233570 0 413267 392930 20337 0 0 0 0 0 322001 234951 87050 0 0 0 0 0 0 0 0 0 672000 564480 107520 0 70731 45399 25332 0 RECRUITMENT 282145 94806 187339 0 OTHER EXPENSES 230307 98133 132174 0 RESEARCH 162914 162914 0 0 0 0 0 0 15631299 11223498 4407801 0 0 0 0 0 474857 304191 2648587 1564983 648031 300509 103160 309516 0 0 0 0 0 0 0 0 78909 43914 6755707 2845794 4445967 3909913 0 274806758 291910329 0 0 0 9708424 8999997 292914693 307343352 1141947 1169914 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9823335 9181198 10965282 10351112 X 69353760 72951493 212595651 224040747 0 0 0 0 0 0 281949411 296992240 292914693 307343352 -4934184 19977013 0 0 0 X false true true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 212594876 0 19798701 8382588 224010989 204538687 1006564 14969206 7919581 212594876 206622076 0 5014439 7097828 204538687 225507559 0 -12534795 6350688 206622076 201206244 0 30413665 6112350 225507559 0.0025 0.9975 0.0 false false 4825612 1536921 3288691 1221689 823675 398014 708406 485198 223208 3909913 Closely-held equity interests Financial derivatives TOTAL RETURN INVESTMENT POOL 138492663 F BROKERED CERTIFICATE OF DEPOSIT AON INSTITUTIONAL CREDIT OPPORTUNITIES FUND AON INSTITUTIONAL CORE PLUS BOND FUND MSCI INDEX FUND 16811039 F SSGA FUNDS 33131651 F PRISA Core Real Estate Fund 12728189 F AON PRIVATE CREDIT OPPORTUNITIES FUND II, LP 2699943 F EATON VANCE MULTI-ASSET CREDIT FUND II, LLC 31180684 F LOOMIS NHIT: CORE PLUS FIXED INCOME TRUST 24748897 F COLUMBUS CORE BOND PLUS FUND 23805012 F KKR DIVERSIFIED CORE INFRASTRUCTURE FUND 4181854 F IGNEO GLOBAL DIVERSIFIED INFRASTRUCTURE FUND 4130397 F 291910329 Federal Income Taxes Operating lease liability (current) 946677 Operating lease liability (non-current) 8234521 9181198 X 28915906 19977013 0 0 -1020000 18957013 9958893 738222 0 738222 10697115 13873077 0 0 0 -1020000 -1020000 14893077 738222 0 738222 15631299 Schedule D, Part V, Line 4 Intended uses of endowment funds THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO PROVIDE FUNDING FOR SCHOLARSHIPS AND RESEARCH FOR THE STUDENTS, EMPLOYEES AND FACULTY OF THE ORGANIZATION. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Institute is exempt from income tax under provisions of Internal Revenue Code Section 501(c)(3), and, except to the extent the Institute has unrelated business income, is exempt from federal income taxes. There was no provision for income taxes due on unrelated business income in fiscal year 2025 and 2024. The Institute recognizes as tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities. Management evaluated the Institute's tax positions and concluded that the Institute had no material uncertainties in income taxes as of June 30, 2025 and 2024. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Scholarships - -1020000 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Scholarships - -1020000 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY TOYOTA TECHNOLOGICAL INSTITUTE AT CHICAGO IS PUBLISHING ITS NON-DISCRIMINATION POLICY IN ALL STUDENT SOLICITATION MATERIALS. THE FOLLOWING NOTICE IS POSTED ON THE STUDENT APPLICATION PACKAGE OF TTIC: "TTIC, IN ADMISSIONS, EMPLOYMENT AND ACCESS TO PROGRAMS, CONSIDERS ALL FACULTY, STAFF AND STUDENTS ON THE BASIS OF INDIVIDUAL MERIT AND WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, NATIONAL OR ETHNIC ORIGIN, AGE, DISABILITY, OR ANY OTHER LEGALLY PROTECTED STATUS." Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT TOYOTA TECHNOLOGICAL INSTITUTE AT CHICAGO RECEIVED GRANTS FROM THE NATIONAL SCIENCE FOUNDATION AND THE NATIONAL INSTITUTE OF HEALTH. true TUITION AND FEES 32 2757043 Schedule I, Part III, Column (b) Estimated Number Of Recipients TUITION AND FEES : This number is the FTE of students that were in 'active student' status and received assistance. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds GRANTS AND OTHER ASSISTANCE AWARDED TO INDIVIDUALS WITHIN THE UNITED STATES REPRESENT STUDENT FINANCIAL AID & SCHOLARSHIPS. FULL FINANCIAL SUPPORT IS OFFERED TO ALL STUDENTS. ALL PHD STUDENTS AT TTIC MAY EXPECT TO RECEIVE FINANCIAL SUPPORT THAT COVERS TUITION AND A STIPEND TO ASSIST WITH LIVING EXPENSES. X true true X X false false false false false false false false false DR MATTHEW TURK President 434429 0 0 0 24000 0 14314 0 28823 0 501566 0 0 0 MS CHRISTINA COLEMAN SECRETARY 159052 0 0 0 0 0 13200 0 28555 0 200807 0 0 0 MS JESSICA JACOBSON CHIEF FINANCIAL OFFICER 209418 0 0 0 0 0 17172 0 26554 0 253144 0 0 0 DR AVRIM BLUM CHIEF ACADEMIC OFFICER 378662 0 0 0 0 0 24704 0 23942 0 427308 0 0 0 DR NATHAN SREBRO BARTOM professor 279300 0 0 0 0 0 22348 0 19803 0 321451 0 0 0 DR DAVID MCALLESTER PROFESSOR 271762 0 0 0 0 0 21989 0 16792 0 310543 0 0 0 DR JULIA CHUZHOY PROFESSOR 252785 0 0 0 0 0 21003 0 84237 0 358025 0 0 0 DR YURY MAKARYCHEV Professor 249730 0 0 0 0 0 20638 0 36867 0 307235 0 0 0 DR MADHUR TULSIANI PROFESSOR 208905 0 0 0 0 0 37086 0 12454 0 258445 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use TTIC PROVIDED A MONTHLY HOUSING ALLOWANCE TOTALING $24,000 TO CURRENT PRESIDENT MATTHEW TURK IN THE CALENDAR YEAR 2024. THIS AMOUNT WAS INCLUDED IN THE PRESIDENT'S W-2 AS TAXABLE INCOME. Form 990, Part VI, Line 1a governing body delegated broad authority to an executive committee The Board of Trustees, by resolution adopted by a majority of the Trustees in office, may designate and appoint one or more committees each of which shall have two or more Trustees as members and shall have Trustees as a majority of its membership, which committees, to the extent provided in such resolution, shall have and may exercise the authority of the Board of Trustees in the management of the Institute. The designation and appointment of any such committee, and the delegation thereto of authority, shall not operate to relieve the Board of Trustees, or any individual Trustee, of any responsibility imposed by law. Each committee shall be comprised of a majority of independent, non-donor-affiliated Trustees. The committees of the Board of Trustees shall include at least an Executive Committee, a Finance Committee, a Trustee Search Committee, and a President's Tenure Appointment Review Committee. The Board Chair shall be an ex officio member of the Executive Committee. The President shall be an ex officio member of the Executive Committee, Finance Committee, and Trustee Search Committee and chair the President's Tenure Appointment Review Committee. Form 990, Part VI, Line 11b Review of form 990 by governing body THE BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM, CROWE LLP, TO PREPARE THE ORGANIZATION'S FORM 990. MANAGEMENT REVIEWS THE COMPLETED FORM 990 AND PROVIDES A FULL COPY TO ALL VOTING MEMBERS OF THE GOVERNING BODY PRIOR TO FILING. THE GOVERNING BODY IS PROVIDED A REASONABLE AMOUNT OF TIME TO REVIEW THE RETURN AND ASK QUESTIONS DIRECTLY TO ORGANIZATION MANAGEMENT OR THE CONTACT AT THE INDEPENDENT CPA FIRM PRIOR TO FILING. Form 990, Part VI, Line 12c Conflict of interest policy ANY CONFLICTS OF INTEREST ON THE PART OF ANY TRUSTEE SHALL BE DISCLOSED BY TRUSTEE IN WRITING TO THE BOARD OF TRUSTEES AT LEAST ANNUALLY AND MADE A MATTER OF RECORD. BOARD MEMBERS WHO HAVE A CONFLICT OF INTEREST DO NOT VOTE ON ANY MATTER RELATED TO THE ISSUE FOR WHICH THEY HAVE THE CONFLICT. Form 990, Part VI, Line 15a Process to establish compensation of top management official PRESIDENT - THE ORGANIZATION'S EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS THE PRESIDENT'S SALARY AND BENEFITS AT THE TIME THE ORGANIZATION ENTERS INTO AN EMPLOYMENT AGREEMENT WITH THE PRESIDENT. THE EXECUTIVE COMMITTEE CONSISTS OF SIX MEMBERS INCLUDING THE PRESIDENT, HOWEVER ONLY FIVE MEMBERS EXCLUDING THE PRESIDENT REVIEW THE PRESIDENT'S SALARY annually BASED ON APPROPRIATE COMPARABILITY DATA AND CURRENT SALARY AND BENEFITS LEVEL, AND SO FORTH. IF THE EXECUTIVE COMMITTEE AGREES TO A SALARY AND BENEFITS, THE PROPOSAL WILL BE REVIEWED AND FINALLY APPROVED BY THE BOARD OF TRUSTEES. Form 990, Part VI, Line 15b Process to establish compensation of other employees CHIEF FINANCIAL OFFICER AND SECRETARY TO THE BOARD - THE CHIEF FINANCIAL OFFICER'S AND THE SECRETARY TO THE BOARD'S ARE APPROVED ANNUALLY BY THE BOARD OF TRUSTEES. PERIODICALLY, TTIC WILL ENGAGE AN INDEPENDENT FIRM TO ENSURE THE SALARIES ARE REASONABLE AS COMPARED TO MARKET CONDITIONS. CHIEF ACADEMIC OFFICER - THE PRESIDENT EVALUATES THE CHIEF ACADEMIC OFFICER'S SALARY ANNUALLY BASED ON HIS TERM PERFORMANCE AND APPROPRIATE COMPARABILITY DATA, AND SO FORTH. THIS PROCESS IS THE SAME AS THAT OF OTHER FACULTY OF THE INSTITUTE. Form 990, Part VI, Line 19 Required documents available to the public DOCUMENTS AND FINANCIAL STATEMENTS ARE PLACED IN THE INSTITUTE'S LIBRARY AND ARE AVAILABLE TO THE GENERAL PUBLIC FOR VIEWING.