Independent Colleges of Indiana (ICI) is a 501(c)(3) nonprofit organization and professional association headquartered in Indianapolis, Indiana. Established in 1972 and granted tax-exempt status in March 1975, ICI serves as the collective voice for independent higher education in Indiana. The organization represents 30 private, nonprofit, regionally-accredited colleges and universities across the state.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$95.1M
+2.2% YoY
Annual Giving
$1.0M
+10.5% YoY
Grant Count
76
+7.0% YoY
Avg Grant Size
$14K
+3.3% YoY
Mission & Focus Areas
ICI develops and enhances the competitive standing of its member institutions while striving to assure opportunity and choice in higher education for all students.
The organization's primary activities include:
- Public Policy Advocacy — Advocating for state and federally-funded student financial aid
- Public Information and Research — Providing data on the performance and contributions of Indiana's independent college sector
- Corporate and Foundation Fundraising — Raising funds that are disbursed to member colleges
- Collaborative Services — Developing shared services among member campuses, including group purchasing
- Scholarship Administration — Managing the Lilly Endowment Community Scholarship Program and other scholarships and grants
Funding interests include Education, Community Development, and Arts and Culture.
Grantmaking
ICI administers several grant and scholarship programs:
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Geographic Focus
Where this funder awards grants
Indiana, with particular emphasis on supporting the state's independent college sector and its residents.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $95,063,990
- Total Revenue: $25,913,873
- Total Expenses: $26,011,652
- Total Liabilities: $893,000
- Total Giving: $22,679,231
Staffing: 14 employees (as of 2024)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $95,063,990 | $93,040,434 | $91,171,823 |
| Revenue | $25,913,873 | $25,838,068 | $22,138,520 |
| Expenses | $26,011,652 | $23,689,741 | $22,290,095 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $2,015,195 | $1,641,912 | $894,977 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
4 open opportunities from Independent Colleges of Indiana Inc
21st Century Scholars Program
Independent Colleges of Indiana Inc
Amount
Up to 4 years of paid tuition
Deadline
Rolling / Open
Ball Venture Fund Competition
Independent Colleges of Indiana Inc
Amount
$80,000 - $100,000
Deadline
Rolling / Open
Next Generation Hoosier Educators Scholarship
Independent Colleges of Indiana Inc
Amount
$7,500 annually (up to $30,000 total)
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Dr Amy McCormack | Director | 1 | — |
| Dr Anne Houtman | Chair | 1 | — |
| Dr Dottie King | President/Secretary | 40 | $126,423 |
| Dr Karl W Einolf | Vice Chair | 1 | — |
| Mr Kerry Prather | Treasurer | 1 | — |
| Dr Andrew Flamm | Director | 1 | — |
| Dr Barbara Bellefeuille | Director | 1 | — |
| Dr Christopher Pietruszkiewicz JD | Director | 1 | — |
| Dr D Michael Lindsay | Director | 1 | — |
| Dr David McFadden | Director | 1 | — |
| Dr Earl D Brooks II | Director | 1 | — |
| Dr John Shannon | Director | 1 | — |
| Dr Jonathan S Kulaga | Director | 1 | — |
| Dr Lake Lambert | Director | 1 | — |
| Dr Lance Richey | Director | 1 | — |
| Dr Lori White | Director | 1 | — |
| Dr Marco Clark | Director | 1 | — |
| Dr Rebecca Stoltzfus | Director | 1 | — |
| Dr Ron Dempsey | Director | 1 | — |
| Dr Scott Feller | Director | 1 | — |
| Dr Sean Huddleston | Director | 1 | — |
| Dr Sheila Conboy | Director | 1 | — |
| Dr Sherilyn Emberton | Director | 1 | — |
| Dr Stacy Young | Director | 1 | — |
| Dr Tanuja Singh | Director | 1 | — |
| John Pistole JD | Director | 1 | — |
| Mr Daniel Elsener | Director | 1 | — |
| Mr James Danko | Director | 1 | — |
| Mr Jose D Padilla JD | Director | 1 | — |
| Mr Paul Perkins | Director | 1 | — |
| Mr Robert A Coons | Director | 1 | — |
| Ms Elaine Bedel | Director | 1 | — |
| Rep Brad Barrett | Director | 1 | — |
| Rep Craig Snow | Director | 1 | — |
| Rep Gregory Porter | Director | 1 | — |
| Rep Phil Giaquinta | Director | 1 | — |
| Rev John I Jenkins SCS | Director | 1 | — |
| Sen Andrea Hunley | Director | 1 | — |
| Sen Edward Charbonneau | Director | 1 | — |
| Sen Fady Qaddoura | Director | 1 | — |
| Sen Jeff Raatz | Director | 1 | — |
| Sen Linda Rogers | Director | 1 | — |
| Dr Jodie Ferise End 021524 | Vice President and General Counsel | 40 | $166,500 |
| Ms Laura Bridges | VP and Chief Operating Officer | 40 | $166,500 |
Recent News & Activity
Recent developments and announcements
ICI has announced recipients of Ball Brothers Foundation Venture Fund Grants in recent years, supporting innovative initiatives across member institutions. The organization continues to administer the Lilly Endowment Community Scholarship Program, which has announced finalists and recipients supporting Indiana college students.
Indiana College Students \u2018Realizing the Dream\u2019 with Scholarships,\Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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