Toyota Technological Institute at Chicago EIN 36-4479457

Toyota Technological Institute at Chicago

EIN  36-4479457 Public charity (501(c)(3)) Chicago, IL Founded 2001
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 7/20/26 · see original filing: IRS
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Size
$10–100M
What they do
Advance global computer science and IT through leading research and education.
Leadership
Dr Matthew Turk · President · $458K
Money in and out
$10.7M revenue, $15.6M expenses
Bottom line
72% program efficiency

Advance global computer science and IT through leading research and education. For fiscal year 2024 it reported $10.7M in revenue, $15.6M in expenses, and $297.0M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$10.7M
Pt VIII · Ln 12
Total expenses
$15.6M
Pt IX · Ln 25
Net assets
$297.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$4.9M
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.28
Program efficiency
72%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
225.5mo
months of highly liquid reserves at operating expense rate▲ +4% vs prior filing year
Surplus margin
-46%
revenue over expenses, this year▼ -276% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$10.7M
FY2024▼ -22%
Expenses
$15.6M
FY2024▲ +2%
Total assets
$307.3M
FY2024▲ +5%
Total liabilities
$10.4M
FY2024▼ -6%
Total revenue
$10.7M
Pt VIII · Ln 12
Total expenses
$15.6M
Pt IX · Ln 25
Net assets
$297.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$4.9M
Total assetsPt X · Ln 16$307.3M
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

1 program service account for $11.2M of program spending, described in the organization's own filed words · FY2024.
01

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.

$11.2Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CToyota Technological Institute at Chicago
EINHdr · item D36-4479457
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jwww.ttic.edu
Year of formationHdr · item L2001
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFColleges & Universities (B50)
Ruling yearIRS BMFMar 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$458,429Pt VII · Sec A
Chief Academic Officer
$378,662Pt VII · Sec A
$279,300Pt VII · Sec A
$271,762Pt VII · Sec A
$252,785Pt VII · Sec A
$249,730Pt VII · Sec A
Chief Financial Officer
$209,418Pt VII · Sec A
$208,905Pt VII · Sec A

Dr Matthew Turk’s $458K as President is at the 86th percentile of top reported officer pay among 3682 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Dr Matthew Turk$458,429$437,595$414,742$398,164$393,050$221,416
Dr Avrim Blum$378,662$363,462$341,333$327,974$316,859$306,249
Dr Nathan Srebro Bartom$279,300$376,851$307,947$302,632$332,127
Dr Gregory Shakhnarovich$230,015$341,770$254,684$269,568$257,025
Dr David McAllester$271,762$317,581$299,276$239,925$233,760$227,617
Dr Julia Chuzhoy$252,785$249,315$224,939$217,328$211,732
Dr Nathan Srebro$252,120
Dr Yury Makarychev$249,730$237,447$222,523$178,429

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Investment income$7.0M · 66%
Contributions & grants$2.3M · 22%
Program service revenue$1.3M · 12%
Investment income66%$7.0M
Contributions & grants22%$2.3M
Program service revenue12%$1.3M
Other revenue$37K
— government grantsLn 1e$1.6M
Total revenueLn 12$10.7M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.28
Program services72%$11.2M
Management & general28%$4.4M
Total functional expensesLn 25$15.6M

Balance Sheet

Part X · end of year
CashLn 1$1.9M
Total assetsLn 16$307.3M
Total liabilitiesLn 26$10.4M
Total net assetsLn 32$297.0M
Months of cash on handcomputed1.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $293.8M · Operating expenses/yr $15.6M
225.5 months
Where the money goes
Program services
Program services $11.2M · Total expenses $15.6M
72%
Management & General
Management & general $4.4M · Total expenses $15.6M
28%
Fundraising
Fundraising $0 · Total expenses $15.6M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $1.2M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $2.3M · Total revenue $10.7M
22%
Government reliance
Government grants $1.6M · Total revenue $10.7M
15%
Earned-income share
Program service revenue $1.3M · Total revenue $10.7M
12%
Investment reliance
Investment income $7.0M · Total revenue $10.7M
+66%
Program self-sufficiency
Program service revenue $1.3M · Total expenses $15.6M
8%
Growth & trend
Revenue growth (YoY)
This year $10.7M · Prior year $13.7M
-22%
Revenue CAGR
FY2019 $12.1M · FY2024 $10.7M
-2%
Net-asset trend (YoY)
End of year $297.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $10.7M · Expenses $15.6M
-46%
Liabilities-to-Assets
Total liabilities — · Total assets $307.3M
Net-asset ratio
Net assets $297.0M · Total assets $307.3M
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $291.9M · Total assets (Pt X, ln 16) $307.3M
95%
People & payroll
Highest Reported Total Compensation
Individual Dr Matthew Turk · Reported title President · Highest reported compensation $458K · Total expenses $15.6M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $8.1M · Total expenses $15.6M
52%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 28%
Revenue growth -22%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Openai INCFY2024$230K
Total grants receivedfrom 3 funders$298K
See all 3 funders →
Grants paid · 10 grants · $18.2M · 2019–2024
Unitemized GrantFY2024$2,757,043
Unitemized GrantFY2023$2,802,250
Carnegie Mellon UniversityPA · FY2023$278,173
Unitemized GrantFY2022$2,881,059
Carnegie Mellon UniversityPA · FY2022$134,446
Unitemized GrantFY2021$2,954,143
Carnegie Mellon UniversityPA · FY2021$131,334
Unitemized GrantFY2020$3,135,772
Carnegie Mellon UniversityPA · FY2020$189,078
Unitemized GrantFY2019$2,976,502

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$13.7M revenue · ⤓ 990 PDF
FY2023$386K revenue · ⤓ 990 PDF
FY2022$11.1M revenue · ⤓ 990 PDF
FY2021$22.6M revenue · ⤓ 990 PDF
FY2020$12.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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