2026-05-04T15:15:18+00:00 2025-06-30 440160260 Forvis Mazars LLP 820 Massachusetts Ave Suite 1370 Indianapolis IN 46204 990 2024-07-01 310901001 Independent Colleges of Indiana Inc INDE 3172366090 601 South Meridian Street Suite 2A Indianapolis IN 46225 Dottie L King President/CEO 3172366090 2026-05-04 true true Nicole Fishback P01279475 3173834000 2026-05-15 2024 2025-03-06 01:10:19Z Dottie L King 601 South Meridian Street Suite 2A Indianapolis IN 46225 36638839 false X www.icindiana.org X 1972 IN Furthering independent higher education in Indiana, ICI serves as the collective voice advocating for excellence, access, and choice in higher education for all students. 42 41 15 0 0 0 23517484 25391801 381194 320093 2015195 2886861 0 25913873 28598755 22679231 23043593 458208 662597 1702565 1576824 0 113800 1171648 1169181 26011652 26452195 -97779 2146560 95063990 99589312 893356 982672 94170634 98606640 X 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) false false 22548014 21649218 0 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. 1523754 1048875 0 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. ICI member campuses provide tuition free courses to further educate teachers on STEM content and instructional methods. 1157282 345500 301241 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 other incidental activities. 65863 0 18852 Indiana Academy Program furthers the development of 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. 65863 18852 25294913 true true false true false false false false false true true false false false true true false true false false false false false false false false false true true true false false false false false false false false false false false false false false true true false false false false true 87 0 true 15 true false false false false false false false false false false false false X 42 41 false false false false false false false true true false false false true true true true true true true true false false IN X KEVIN WATSON 3172366090 601 South Meridian Street Suite 2A INDIANAPOLIS IN 46225 Dr Dottie King President/Secretary 40.0 0.0 X X 296447 0 40239 Dr Karl W Einolf Chair 1.0 40.0 X X 0 0 0 Dr Katie Conboy Vice Chair 1.0 40.0 X X 0 0 0 Robert A Coons Treasurer 1.0 40.0 X X 0 0 0 Brennan Randolph Director (Start 8/9/24) 1.0 40.0 X 0 0 0 Christopher M Pietruszkiewicz JD Director 1.0 40.0 X 0 0 0 Daniel Elsener Director 1.0 40.0 X 0 0 0 Dr Amy McCormack Director 1.0 40.0 X 0 0 0 Dr Barbara Bellefeuille Director 1.0 40.0 X 0 0 0 Dr D Michael Lindsay Director 1.0 40.0 X 0 0 0 Dr Drew Flamm Director 1.0 40.0 X 0 0 0 Dr Earl Brooks II Director 1.0 40.0 X 0 0 0 Dr Jerry Thacker Director (Start 7/1/24) 1.0 40.0 X 0 0 0 Dr Jonathan Kulaga Director 1.0 40.0 X 0 0 0 Dr Lake Lambert Director 1.0 40.0 X 0 0 0 Dr Lance Richey Director 1.0 40.0 X 0 0 0 Dr Lori White Director 1.0 40.0 X 0 0 0 Dr Marco J Clark Director 1.0 40.0 X 0 0 0 Dr Paul Sniegowski Director (Start 8/5/24) 1.0 40.0 X 0 0 0 Dr Rebecca Stoltzfus Director 1.0 40.0 X 0 0 0 Dr Ron D Dempsey Director 1.0 40.0 X 0 0 0 Dr Scott E Feller Director 1.0 40.0 X 0 0 0 Dr Sean Huddleston Director 1.0 40.0 X 0 0 0 Dr Sherilyn Emberton Director 1.0 40.0 X 0 0 0 Dr Stacy Young Director 1.0 40.0 X 0 0 0 Dr Tanuja Singh Director 1.0 40.0 X 0 0 0 Elaine Bedel Director 1.0 40.0 X 0 0 0 James M Danko Director 1.0 40.0 X 0 0 0 John Pistole JD Director 1.0 40.0 X 0 0 0 Jos D Padilla JD Director 1.0 40.0 X 0 0 0 Kerry N Prather Director 1.0 40.0 X 0 0 0 Paul Perkins Director 1.0 40.0 X 0 0 0 Rep Brad Barrett Director 1.0 40.0 X 0 0 0 Rep Craig Snow Director 1.0 40.0 X 0 0 0 Rep Gregory Porter Director 1.0 40.0 X 0 0 0 Rep Phil GiaQuinta Director 1.0 40.0 X 0 0 0 Rev Robert A Dowd CSC Director 1.0 40.0 X 0 0 0 Sen Andrea Hunley Director 1.0 40.0 X 0 0 0 Sen Ed Charbonneau Director 1.0 40.0 X 0 0 0 Sen Fady Qaddoura Director 1.0 40.0 X 0 0 0 Sen Jeff Raatz Director 1.0 40.0 X 0 0 0 Sen Linda Rogers Director 1.0 40.0 X 0 0 0 Kevin Watson Chief Financial Officer 40.0 0.0 X 113968 0 21733 Laura Bridges VP and Chief Operating Officer 40.0 0.0 X 166941 0 27754 Jake Burns Director of Policy & Research 40.0 0.0 X 101242 0 20444 678598 0 110170 4 false true false 0 1310200 1523754 22557847 25391801 C.S.I Income 611710 257386 257386 Miscellaneous Revenue 900099 62707 62707 0 0 0 0 320093 2148620 2148620 0 0 8778325 8040084 738241 0 738241 738241 0 0 0 0 0 28598755 320093 0 2886861 1570000 1570000 21473593 21473593 662597 662597 531381 305633 203823 21925 744310 428103 285496 30711 95247 54783 36534 3930 124910 71844 47912 5154 80976 46575 31060 3341 34854 22392 11216 1246 54450 34982 17521 1947 66908 60217 6691 23315 22729 586 187354 111408 68293 7653 9213 4619 4135 459 49805 21201 25744 2860 59837 23708 32516 3613 57413 21657 32180 3576 84275 45802 34626 3847 50014 22338 24908 2768 27556 10394 15446 1716 22853 8621 12809 1423 Other Program Expenses 374741 286808 79140 8793 Dues and Subscriptions 33864 12774 18981 2109 Miscellaneous Expense 32729 32352 339 38 0 0 0 0 26452195 25294913 1043482 113800 231165 0 6778770 6388185 0 0 0 0 137239 125140 432194 422339 37411 9855 87861147 92998130 0 0 18258 68002 95063990 99589312 426564 577739 448356 335431 0 0 18436 69502 893356 982672 X 4350535 4742897 89820099 93863743 94170634 98606640 95063990 99589312 2146560 2289446 0 X false true true false X X 29 Anderson University 350867954 2 true 8845 0 Bethel College 350935587 2 true 8845 0 Butler University 350867977 2 true 8845 0 Calumet College of St Joseph 351087173 2 true 12153 0 Depauw University 350869045 2 true 8845 0 Earlham College 350868073 2 true 8845 0 Franklin College of Indiana 350868086 2 true 22539 0 Goshen College 352158366 2 true 27212 0 Grace College 350868095 2 true 8845 0 Hanover College 350868096 2 true 8845 0 Holy Cross College 351148835 2 true 8845 0 Huntington University 350868101 2 true 8845 0 Indiana Institute of Technology 350845258 2 true 8845 0 Indiana Wesleyan University 350885591 2 true 8845 0 Manchester University 350868127 2 true 8845 0 Marian University 350868175 2 true 54241 0 Martin University 310970262 2 true 8845 0 Oakland City University 350869093 2 true 8845 0 Rose-Hulman Institute of Technology 350868149 2 true 68802 0 Saint Mary-Of-The-Woods College 351065063 2 true 8845 0 Saint Mary's College 350868158 2 true 26697 0 Taylor University 350868181 2 true 8845 0 Trine University 350715530 2 true 8845 0 University of Evansville 350868074 2 true 11345 0 University of Indianapolis 350868107 2 true 8845 0 University of Notre Dame 350868188 2 true 8845 0 University of Saint Francis 350886846 2 true 8845 0 Valparaiso University 350868125 2 true 8845 0 Wabash College 350868202 2 true 73863 0 29 482597 0 true false false false false false false false false false false false false false false false false false Schedule A, Part IV, Section B, Line 1 Power to elect or appoint The President of each supported organization serves as a member of the ICI Board. Collectively, the supported organizations hold a total of 29 seats on the Board. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 66908 false false 66908 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY 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. 1357987 166760 1524747 1104340 100000 153647 1357987 1236674 147670 280004 1104340 1330160 100000 -193486 1236674 1020108 310054 2 1330160 1.0 0.0 0.0 false false 190045 190045 0 242149 232294 9855 9855 Federal Income Taxes Operating Lease 69502 69502 X 30225604 2289446 0 2289446 27936158 662597 662597 28598755 25789598 0 0 25789598 662597 662597 26452195 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 (ASC 740) footnote 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 4(b) Other revenues in form 990 not in audited financial statements Distributed to member colleges - 482597 Membership Dues Distributed Back to Members - 180000 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Distributed to member colleges - 482597 Membership Dues Distributed Back to Members - 180000 true Adams County Community Foundation Inc 102 North 2nd Street Decatur IN 46733 351834664 501(C) (3) 10000 General Support Benton Community Foundation PO Box 351 Fowler IN 47944 260074023 501(C) (3) 10000 General Support Blackford County Community Foundation PO Box 327 Hartford City IN 47348 351792844 501(C) (3) 10000 General Support Blue River Foundation Inc 54 W Broadway Suite 1 Shelbyville IN 46176 351756331 501(C) (3) 10000 General Support Brown County Community Foundation PO Box 191 Nashville IN 47448 351960379 501(C) (3) 10000 General Support Cass County Community Foundation PO Box 441 Logansport IN 46947 352125727 501(C) (3) 10000 General Support Central Indiana Community Foundation 615 N Alabama St 300 Indianapolis IN 46204 351793680 501(C) (3) 160000 General Support Community Foundation Alliance 20 NW 3rd Street Suite 820 Evansville IN 47715 351830262 501(C) (3) 120000 General Support Community Foundation of Bloomington and Monroe County Inc 100 S College Avenue Suite 240 Bloomington IN 47404 351811149 501(C) (3) 20000 General Support Community Foundation of Boone County 102 N Lebanon St Suite 200 Lebanon IN 46077 351829585 501(C) (3) 20000 General Support Community Foundation of Crawford County 4030 East Goodman Ridge Road Marengo IN 47145 200864966 501(C) (3) 10000 General Support Community Foundation of DeKalb County PO Box 111 Auburn IN 46706 351992897 501(C) (3) 10000 General Support Community Foundation of Elkhart County PO Box 2932 Elkhart IN 46515 311255886 501(C) (3) 30000 General Support Community Foundation of Grant County 505 West 3rd Street Marion IN 46952 311117791 501(C) (3) 20000 General Support Community Foundation of Greater Fort Wayne 555 E Wayne Street Fort Wayne IN 46802 351119450 501(C) (3) 50000 General Support Community Foundation of Greater Lafayette 300 Main Street Suite 100 Lafayette IN 47901 237147996 501(C) (3) 40000 General Support Community Foundation of Hancock County 971 W US 40 Greenfield IN 46140 351837729 501(C) (3) 20000 General Support Community Foundation of Howard County 215 W Sycamore Street Kokomo IN 46901 351844891 501(C) (3) 40000 General Support Community Foundation of Jackson County Inc PO Box 1231 Seymour IN 47274 311119856 501(C) (3) 10000 General Support Community Foundation of Madison and Jefferson County Inc PO Box 306 Madison IN 47250 351847297 501(C) (3) 10000 General Support Community Foundation of Morgan County Inc PO Box 1413 Martinsville IN 46158 351956929 501(C) (3) 20000 General Support Community Foundation of Muncie and Delaware County PO Box 807 Muncie IN 47308 351640051 501(C) (3) 20000 General Support Community Foundation of Noble County 103 W 3rdStreet PO Box 210 Ligonier IN 46767 351827247 501(C) (3) 10000 General Support Community Foundation of Pulaski County Inc PO Box 407 Winamac IN 46996 352127564 501(C) (3) 10000 General Support Community Foundation of Randolph County 120 West Washington Street Winchester IN 47394 351903148 501(C) (3) 10000 General Support Community Foundation of Southern Indiana Inc 4108 Charlestown Road New Albany IN 47150 351827813 501(C) (3) 40000 General Support Community Foundation of St Joseph County Inc PO Box 837 South Bend IN 46624 237365930 501(C) (3) 40000 General Support Community Foundation of Switzerland County PO Box 46 Vevay IN 47043 352087649 501(C) (3) 10000 General Support Community Foundation of Wabash County 220 East Main Street North Manchester IN 47803 356019016 501(C) (3) 10000 General Support Community Foundation of Whitley County PO Box 527 Columbia City IN 46725 351860518 501(C) (3) 10000 General Support Community Foundation Partnership Inc PO Box 1235 Bedford IN 47421 351889139 501(C) (3) 20000 General Support Dearborn Community Foundation 322 Walnut Street Lawrenceburg IN 47025 352036110 501(C) (3) 20000 General Support Decatur County Community Foundation Inc 101 E Main Street Suite 1 Greensburg IN 47240 351870979 501(C) (3) 10000 General Support Dubois County Community Foundation Inc PO Box 269 Jasper IN 47547 351990305 501(C) (3) 10000 General Support Fayette County Foundation 521 N Central Ave Suite A Connersville IN 47331 352232770 501(C) (3) 10000 General Support Franklin County Community Foundation 527 Main Street Brookville IN 47012 352034336 501(C) (3) 10000 General Support Greene County Community Foundation 4513 W State Road 54 Bloomfield IN 47424 351815060 501(C) (3) 10000 General Support Harrison County Community Foundation 1523 Foundation Way Corydon IN 47112 351986569 501(C) (3) 10000 General Support Hendricks County Community Foundation Inc 6319 E US Highway 36 Suite 211 Avon IN 46123 351878973 501(C) (3) 30000 General Support Henry County Community Foundation Inc PO Box 6006 New Castle IN 47362 311170412 501(C) (3) 10000 General Support Heritage Fund of Bartholomew County Inc 538 Franklin St Columbus IN 47202 352135816 501(C) (3) 20000 General Support Huntington County Community Foundation PO Box 5037 Huntington IN 46750 351838709 501(C) (3) 10000 General Support Jasper Newton Foundation Inc PO Box 295 Rensselaer IN 47978 351842404 501(C) (3) 20000 General Support Jennings County Community Foundation Inc 111 North State Street North Vernon IN 47265 351922885 501(C) (3) 10000 General Support Johnson County Community Foundation Inc PO Box 217 Franklin IN 46131 351797437 501(C) (3) 30000 General Support Kosciusko County Community Foundation Inc 102 E Market Street Warsaw IN 46580 356086777 501(C) (3) 20000 General Support LaGrange County Community Foundation Inc 0045N 250W LaGrange IN 46761 351834679 501(C) (3) 10000 General Support Legacy Foundation Inc 370 E 84th Drive Suite 100 Merrillville IN 46410 351872803 501(C) (3) 60000 General Support Madison County Community Foundation Inc 911 Meridian Plaza Anderson IN 46016 351859959 501(C) (3) 20000 General Support Marshall County Community Foundation Inc PO Box 716 Plymouth IN 46563 351826870 501(C) (3) 10000 General Support Montgomery County Community Foundation Inc PO Box 334 Crawfordsville IN 47933 351912317 501(C) (3) 10000 General Support Northern Indiana Community Foundation Inc PO Box 807 Rochester IN 46975 351912317 501(C) (3) 30000 General Support Ohio County Community Foundation Inc 330 Industrial Access Drive Rising Sun IN 47040 352038531 501(C) (3) 10000 General Support Orange County Community Foundation 1075 Sandy Hook Road Suite 2 Paoli IN 47454 352117084 501(C) (3) 10000 General Support Owen County Community Foundation Inc PO Box 503 Spencer IN 47460 351934464 501(C) (3) 10000 General Support Parke County Community Foundation Inc PO Box 276 Rockville IN 47872 351881810 501(C) (3) 10000 General Support Porter County Community Foundation 1401 Calumet Avenue Valparaiso IN 46383 352000788 501(C) (3) 30000 General Support Putnam County Community Foundation 2 S Jackson Street Greencastle IN 46135 311159916 501(C) (3) 10000 General Support Ripley County Community Foundation Inc 13 E George Street Suite B Batesville IN 47006 352048001 501(C) (3) 10000 General Support Rush County Community Foundation Inc 117 N Main Street Rushville IN 46173 351835950 501(C) (3) 10000 General Support Scott County Community Foundation 60 N Main St Po Box 25 Scottsburg IN 47170 352041369 501(C) (3) 10000 General Support Steuben County Community Foundation Inc 1701 North Wayne Angola IN 46703 351857065 501(C) (3) 10000 General Support The Portland Foundation 107 S Meridian Street Portland IN 47371 352019497 501(C) (3) 10000 General Support Tipton County Foundation Inc 1020 W Jefferson Street Tipton IN 46072 351878973 501(C) (3) 10000 General Support Union County Foundation Inc 404 Eaton Street Liberty IN 47353 351769294 501(C) (3) 10000 General Support Unity Foundation of LaPorte County Inc 422 Franklin Street Suite C Michigan City IN 46361 351658674 501(C) (3) 20000 General Support Wabash Valley Community Foundation Inc 200 South 8th Street Terre Haute IN 47803 356019016 501(C) (3) 40000 General Support Warren County Community Foundation Inc 31 N Monroe Street Williamsport IN 47993 352070789 501(C) (3) 10000 General Support Washington County Community Foundation Inc PO Box 50 Salem IN 47167 351883377 501(C) (3) 10000 General Support Wayne County Foundation Inc 33 South 7th Street Suite 1 Richmond IN 47374 351046033 501(C) (3) 20000 General Support Wells County Foundation Inc 222 W Market Street Bluffton IN 46714 356042815 501(C) (3) 10000 General Support Western Indiana Community Foundation 135 South Stringtown Road PO Box 17 Covington IN 47932 351814927 501(C) (3) 20000 General Support UNIVERSITY OF SAINT FRANCIS 2701 SPRING ST FORT WAYNE IN 46808 350886846 501(C) (3) 25000 Ball Venture Fund 2025 TRINE UNIVERSITY ONE UNIVERSITY AVE ANGOLA IN 46703 350715530 501(C) (3) 25000 Ball Venture Fund 2025 MARIAN UNIVERSITY 3200 COLD SPRING RD INDIANAPOLIS IN 46222 350868175 501(C) (3) 25000 Ball Venture Fund 2025 INDIANA INSTITUTE OF TECHNOLOGY 1600 E WASHINGTON BLVD FT WAYNE IN 46803 350845258 501(C) (3) 25000 Ball Venture Fund 2025 76 0 Lilly Endowment Community Scholarship Program 572 20179217 UPS Grant 29 101500 Realizing the Dream Scholarship 58 184643 STEM Teach Indiana 277 1048876 Schedule I, Part 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 $4,000 EACH ARE MADE TO THESE STUDENTS WHO ARE THE FIRST IN THEIR FAMILIES TO GO TO COLLEGE. ADMINISTRATIVE EXPENSES ARE ALSO PAID OUT OF THE GRANT EXPENSE. 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, Part III Realizing the Dream Scholarship includes a recognition dinner totaling $40,643. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds 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 the county. X X X X false false false false false false false false false Dr Dottie King President/Secretary 296447 0 0 0 0 0 29645 0 10594 0 336686 0 0 0 Laura Bridges VP and Chief Operating Officer 166941 0 0 0 0 0 16694 0 11060 0 194695 0 0 0 Form 990, Part III, Line 1 ORGANIZATION'S MISSION 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 MEMBERS 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 INDIVIDUAL AND COLLECTIVELY AS AN AID IN THEIR INSTITUTIONAL PLANNING; AND - TO SOLICIT AND RECEIVE GIFTS FROM CORPORATIONS AND FOUNDATIONS, WHICH THEN ARE DISTRIBUTED AMONG THE MEMBER INSTITUTIONS FOR EDUCATIONAL PURPOSES. Form 990, Part III, Line 4a-4c Description of program services (Expenses $ 65,863 including grants of $ 0)(Revenue $ 18,852) Indiana Academy Program furthers the development of 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. Form 990, Part VI, Line 11b Review of form 990 by governing body ICI's Board of Directors has formally delegated authority for reviewing the organization's Form 990 to the ICI Audit and Investment Committee, following preliminary review by the executive leadership team. A complete copy of the Form 990 is provided to the full Board of Directors prior to filing. In addition, ICI's external accounting firm prepares and reviews the Form 990 before it is submitted. Form 990, Part VI, Line 12c Conflict of interest policy The organization has adopted a conflict of interest policy requiring all directors, officers, and key employees to submit an annual conflict of interest disclosure. The annual disclosure requires these individuals to report, in writing, any known financial interests that they or their family members have in any business entity conducting business with the organization. In addition, directors, officers, and key employees must immediately disclose any potential conflicts of interest that arise midyear in connection with a proposed transaction. The conflict of interest policy further requires that any individual with a disclosed conflict be recused from the decisionmaking process, that independent directors or committee members determine whether the proposed transaction is in the best interest of the organization, and that the transaction be approved by a vote of the independent directors or committee members without participation by any interested individual. Form 990, Part VI, Line 15a Process to establish compensation of top management official The executive committee determines the compensation of the CEO. This committee is composed 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 that any compensation that is paid to a related party is reasonable and reflects fair market value. The most recent compensation review was conducted in April 2025. Form 990, Part VI, Line 15b Process to establish compensation of other employees The compensation of all other employees is reviewed, ratified, and approved by the Executive Committee based on the CEO's recommendations. The most recent compensation reviews were conducted in 2025. Form 990, Part VI, Line 19 Required documents available to the public The organization makes its governing documents and financial statements available to all donors and available upon request to all other related organizations. Blue Frontier LLC 601 South Meridian Street Suite 2a Indianapolis IN 46225 Education IN 0 0 NA Anderson University 100 E Fifth St Anderson IN 46012 350867954 Education IN 501(c)(3) 2 NA false Bethel College 1001 Bethel Circle Mishawaka IN 46545 350935587 Education IN 501(c)(3) 2 NA false Butler University 4600 Sunset Ave Indianapolis IN 46208 350867977 Education IN 501(c)(3) 2 NA false Calumet College of St Joseph 2400 New York Ave Whiting IN 46394 351087173 Education IN 501(c)(3) 2 NA false Depauw University 313 S Locust St Greencastle IN 46135 350869045 Education IN 501(c)(3) 2 NA false Earlham College 801 National Road West Richmond IN 47374 350868073 Education IN 501(c)(3) 2 NA false Franklin College of Indiana 101 Branigin Blvd Franklin IN 46131 350868086 Education IN 501(c)(3) 2 NA false Goshen College 1700 S Main St Goshen IN 46526 351258366 Education IN 501(c)(3) 2 NA false Grace College 200 Seminary Drive Winona Lake IN IN 46590 350868095 Education IN 501(c)(3) 2 NA false Hanover College 495 College Ave Hanover IN 47243 350868096 Education IN 501(c)(3) 2 NA false Holy Cross College 54515 St Road 933 PO Box Notre Dame IN 46556 351148835 Education IN 501(c)(3) 2 NA false Huntington University 2303 College Ave Huntington IN 46750 350868101 Education IN 501(c)(3) 2 NA false Indiana Institute of Technology 1600 E Washington Blvd Ft Wayne IN 46803 350845258 Education IN 501(c)(3) 2 NA false Indiana Wesleyan University 4201 S Washington St Marion IN 46953 350885591 Education IN 501(c)(3) 2 NA false Manchester University 604 E College Ave North Manchester IN 46962 350868127 Education IN 501(c)(3) 2 NA false Marian University 3200 Cold Spring Rd Indianapolis IN 46222 350868175 Education IN 501(c)(3) 2 NA false Martin University 2171 Avondale Palace PO Box 1 Indianapolis IN 46218 310970262 Education IN 501(c)(3) 2 NA false Oakland City University 138 N Lucretia St Oakland City IN 47660 350869093 Education IN 501(c)(3) 2 NA false Rose-Hulman Institute of Technology 5500 Wabash Ave Terre Haute IN 47803 350868149 Education IN 501(c)(3) 2 NA false Saint Mary-Of-The-Woods College Saint Mary-Of-The-Woods St MaryOfTheWoods IN 47876 351065063 Education IN 501(c)(3) 2 NA false Saint Mary's College Notre Dame Notre Dame IN 46556 350868158 Education IN 501(c)(3) 2 NA false Taylor University 236 West Reade Ave Upland IN 46989 350868181 Education IN 501(c)(3) 2 NA false Trine University One University Ave Angola IN 46703 350715530 Education IN 501(c)(3) 2 NA false University of Evansville 1800 Lincoln Ave Evansville IN 47722 350868074 Education IN 501(c)(3) 2 NA false University of Indianapolis 1400 E Hanna Ave Indianapolis IN 46227 350868107 Education IN 501(c)(3) 2 NA false University of Notre Dame Notre Dame Notre Dame IN 46556 350868188 Education IN 501(c)(3) 2 NA false University of Saint Francis 2701 Spring St Fort Wayne IN 46808 350886846 Education IN 501(c)(3) 2 NA false Valparaiso University 1700 Chapel Dr Valparaiso IN 46383 350868125 Education IN 501(c)(3) 2 NA false Wabash College PO Box 352 Crawfordsville IN 47933 350868202 Education IN 501(c)(3) 2 NA false false true false false false false false false false false false true false false false false false false false