2024-04-23T08:11:44+00:00 2023-06-30 990 2022-07-01 160743140 Rochester Institute of Technology ROCH 5854752383 Controller 46 Lomb Memorial Dr Rochester NY 146235604 James H Watters Sr VP Finance & Admin 5854752383 2024-04-23 James Watters 999009999 2022 2023-04-26 12:10:37Z David C Munson Jr 7 Lomb Memorial Drive Rochester NY 146235603 1622035431 false X www.rit.edu X 1830 NY ROCHESTER INSTITUTE OF TECHNOLOGY (RIT) SHAPES THE FUTURE AND IMPROVES THE WORLD THROUGH CREATIVITY AND INNOVATION. AS AN ENGAGED, INTELLECTUALLY CURIOUS, AND SOCIALLY CONSCIOUS COMMUNITY, RIT LEVERAGES THE POWER OF TECHNOLOGY, THE ARTS, AND DESIGN FOR THE GREATER GOOD. 40 37 11647 3536 5641055 0 213973510 189886041 742399043 791292123 108580861 53634957 6370931 7309566 1071324345 1042122687 352656560 368558209 0 404206234 433308702 299920 193817 12771619 165159873 195138230 922322587 997198958 149001758 44923729 2526196996 2692370868 613951641 715497778 1912245355 1976873090 ROCHESTER INSTITUTE OF TECHNOLOGY (RIT) SHAPES THE FUTURE AND IMPROVES THE WORLD THROUGH CREATIVITY AND INNOVATION. AS AN ENGAGED, INTELLECTUALLY CURIOUS, AND SOCIALLY CONSCIOUS COMMUNITY, RIT LEVERAGES THE POWER OF TECHNOLOGY, THE ARTS, AND DESIGN FOR THE GREATER GOOD. false false 697555772 353330424 683936236 Instruction and Academic Support - Established in 1829, RIT is one of the world's premier universities with an innovative and creative student body from all fifty states and over 100 nations. RIT total enrollment in Fall 2022 was approximately 19,772, which included approximately 16,868 undergraduate and 2,904 graduate students. Approximately 16,680 students are enrolled at RIT's main campus and the remainder at international locations. RIT is comprised of nine colleges and two degree-granting academic units offering 257 graduate and undergraduate programs. NTID (National Technical Institute for the Deaf), one of RIT's colleges, is the world's first and largest technical institute college for deaf students with approximately 1,135 students from the United States and abroad. Over the preceding 10 years, enrollment has increased from 17,950 students in the Fall of 2012 to 19,772 students in the Fall of 2022, an increase of 10%. 149977113 7105132 102831538 Student and Auxiliary Services - Student services provide students with additional enrichment and educational opportunities. Such services include student health, athletics, and other recreational activities. Auxiliaries provide essential services to students in support of RIT's educational mission. These services include housing operations and dining services. Sales and services of auxiliary enterprises generated total revenue of $95.8 million, an increase of $9.8M from the prior year. Surpluses from auxiliary services support the operating budget of the University. 80191022 8122653 4524348 Research and Public Support - RIT engages in public service activities that benefit the general community in which it resides, including training, postsecondary education for the deaf and hard of hearing, and K-12 programs. RIT also conducts research to advance the body of knowledge, enhance student and faculty learning and build its reputation in the scientific and technical communities in support of, or in concert with, the University's exempt mission, while providing positive returns to our sponsoring partners. As articulated in RIT's strategic plan, the University continues to place emphasis on its revenue growth in the research portfolio. 927723907 true false false true false true true false true true true false false true true false true true true true true false true true false false true true true true true false false false false false true false true true true true false false true true true true false false true X 2255 0 true 11647 true true true true HR false false false true true false false false false true false X 40 37 true false true false false false false true true false false true true true true true true true true false CA MT NY NC ND OK PA VT WV X X MILAGROS CONCEPCION 5854752383 7 Lomb Memorial Drive Rochester NY 146235603 DAVID C MUNSON PRESIDENT 40.0 0.1 X X 983001 0 101418 JEFFREY K HARRIS TRUSTEE 0.1 X X 0 0 0 SUSAN M PUGLIA TRUSTEE 0.1 X X 0 0 0 SUSAN R HOLLIDAY TRUSTEE 0.1 X X 0 0 0 ANDREW N BRENNEMAN TRUSTEE 0.1 X 0 0 0 ANDREW R JACOBSON TRUSTEE 0.1 X 0 0 0 ARTHUR A 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DESCRIPTION - COMMISSIONS - BOOKSTORE AND CAMPUS STORE, COLUMN A - 509756.0, COLUMN B - 434951.0, COLUMN C - 331281.0, COLUMN D - 382432.0, COLUMN E - 103546.0, COLUMN F - 1761966.0; DESCRIPTION - MARGARETS HOUSE, COLUMN A - 915451.0, COLUMN B - 694246.0, COLUMN C - 497593.0, COLUMN D - 557849.0, COLUMN E - 811589.0, COLUMN F - 3476728.0; DESCRIPTION - FUNDRAISING INCOME, COLUMN A - 22685.0, COLUMN B - 0.0, COLUMN C - 18865.0, COLUMN D - 23957.0, COLUMN E - 22992.0, COLUMN F - 88499.0; DESCRIPTION - ALL OTHER REVENUE, COLUMN A - 25000.0, COLUMN B - 25696.0, COLUMN C - 26098.0, COLUMN D - 25547.0, COLUMN E - 717.0, COLUMN F - 103058.0; 0 419725 419725 927304182 927723907 1000000 0 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 427899 420107 397390 419725 1665121 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 X X 1 32.0 0 0 0 1 false 0 13231872 X X X X EDUCATION false 1256780851 15674119 61179194 11104714 40013450 0 1282516000 1302872685 17697847 -21210360 10062546 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financial reporting IN 2007, THE UNIVERSITY ENTERED INTO A CONSERVATION EASEMENT WITH THE TOWN OF HENRIETTA, NY. THE CONSERVATION EASEMENT IS VALUED AS PART OF THE LAND AND RECORDED IN ROCHESTER INSTITUTE OF TECHNOLOGY'S FINANCIAL STATEMENTS. Schedule D, Part III, Line 4 Collections of art - description of collections THE UNIVERSITY'S SPECIAL COLLECTIONS INCLUDE MANUSCRIPTS AND CORRESPONDENCE COLLECTIONS ON THE HISTORY AND PRACTICE OF GRAPHIC COMMUNICATION TECHNOLOGIES, HOLDINGS ON BOOKBINDING, PAPERMAKING, TYPE DESIGN, CALLIGRAPHY, AND BOOK ILLUSTRATION. COLLECTIONS ARE AVAILABLE TO STUDENTS, RESEARCHERS, AND THE PUBLIC THROUGH AN ONLINE DATABASE. THE UNIVERSITY CAMPUS IS ALSO HOME TO A COLLECTION OF PUBLIC ART INCLUDING, BUT NOT LIMITED TO, MURALS, PAINTINGS, AND STATUES. Schedule D, Part V, Line 4 Intended uses of endowment funds THE INTENDED USES OF THE UNIVERSITY'S ENDOWMENT FUNDS, AS DETERMINED BY EITHER DONOR RESTRICTION OR BOARD DESIGNATION, INCLUDE SCHOLARSHIPS, AWARDS, PROFESSORSHIPS, LECTURES, AND OTHER GENERAL SUPPORT OF THE UNIVERSITY'S EDUCATIONAL AND RESEARCH MISSION. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE UNIVERSITY AND ITS CONSOLIDATED US SUBSIDIARIES, EXCEPT FOR VENTURE FUND I, LLC (FUND I) AND ITS SUBSIDIARY RIT VF ARC HOLDINGS LLC, ARE NOT-FOR-PROFIT ORGANIZATIONS, AND GENERALLY EXEMPT FROM INCOME TAXES ON RELATED INCOME UNDER SECTION 501(C)(3) OF THE IRC BUT ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX ON ACTIVITIES NOT RELATED TO THEIR EXEMPT PURPOSES. FUND I, A LIMITED LIABILITY COMPANY IS A WHOLLY OWNED SUBSIDIARY OF RIT WITH NO OTHER OWNERS, AND RIT VF ARC HOLDINGS LLC, A LIMITED LIABILITY COMPANY, IS A WHOLLY OWNED SUBSIDIARY OF FUND I WITH NO OTHER OWNERS, BOTH CLASSIFIED AS DISREGARDED ENTITIES FOR FEDERAL INCOME TAX PURPOSES. THE ACCOUNTING FOR INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION ADDRESSES THE DETERMINATION OF WHETHER CERTAIN TAX POSITIONS RESULT IN BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN AND WHETHER THEY SHOULD BE RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. FOR TAX-EXEMPT ENTITIES, TAX POSITIONS INCLUDE THE ENTITY'S TAX-EXEMPT STATUS AND ASSUMPTIONS USED TO DETERMINE UNRELATED BUSINESS TAXABLE INCOME. THE UNIVERSITY BELIEVES ITS TAX POSITIONS MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD REFERENCED IN THE TOPIC. 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 RIT'S RACIALLY NON-DISCRIMINATORY POLICY WITH RESPECT TO STUDENT SOLICITATION IS PUBLICIZED IN ALL UNIVERSITY APPLICATIONS, REGISTRATIONS AND OTHER CAMPUS-WIDE PUBLICATIONS. IN ADDITION, RIT PUBLICIZES ITS RACIALLY NON-DISCRIMINATORY EMPLOYMENT POLICIES WHEN RECRUITING FOR OPEN POSITIONS. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT THE UNIVERSITY IS THE RECIPIENT OF APPROPRIATIONS AND ASSISTANCE FROM THE DEPARTMENT OF EDUCATION TO OPERATE THE NATIONAL TECHNICAL INSTITUTE FOR THE DEAF (NTID), TO SUPPORT THE FEDERAL WORK STUDY AND FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAMS, AND AMERICAN RESCUE PLAN ACT (ARPA) FUNDING FOR NTID TO PREVENT, PREPARE FOR, AND RESPOND TO CORONAVIRUS, INCLUDING TO DEFRAY EXPENSES ASSOCIATED WITH CORONAVIRUS AND TO ENABLE GRANTS TO STUDENTS. THE UNIVERSITY ALSO RECEIVES AN APPROPRIATION OF DIRECT INSTITUTIONAL SUPPORT OF "BUNDY AID" FROM THE NEW YORK STATE DEPARTMENT OF EDUCATION. Central America and the Caribbean Investments 306509992 Europe (Including Iceland and Greenland) Investments 60896579 North America (Canada & Mexico only) Investments 629141 Middle East and North Africa Investments 250000 0 0 0 0 0 0 368285712 0 368285712 North America (Canada & Mexico only) Provide clinical and imaging expertise complementary to computational biomedicine expertise at RIT. 75577 Check Middle East and North Africa Sponsorship of RIT Dubai sailing team 10000 Other Europe (Including Iceland and Greenland) Machine learning dataset development for Manding languages 38050 Wire 1 2 true false true true true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual Schedule F, Part II, Line 1 Method used to account for expenditures on org's financial statements EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual X X X X X X X true RUFFALO NOEL LEVITZ LLC 5249 NORTH PARK PLACE NE 1061 CEDAR RAPIDS IA 524048629 ADVISORS TO THE UNIVERSITY ON SECURING PLEDGES AND DONATIONS false 0 193817 -193817 0 193817 -193817 CO CT FL AL HI LA AK MA MI MN NV NH NY SC UT VA AR WA TIGER OPEN 69977 46985 22992 0 3690 15756 1680 0 20572 0 0 69977 46985 22992 0 3690 15756 1680 0 20572 41698 -18706 Schedule G, Part I, Line 2b(ii) Describe the custody or control arrangement. RUFFALO NOEL LEVITZ, LLC-RUFFALO NOEL LEVITZ, LLC WILL NOT HAVE CUSTODY OR CONTROL OF CONTRIBUTIONS AT ANY TIME. ROCHESTER INSTITUTE OF TECHNOLOGY (RIT) EXERCISES CONTROL AND APPROVAL OVER CONTENT, VOLUME, AND FREQUENCY OF ALL SOLICITATIONS. RIT SECURES PLEDGES AND DONATIONS TO SUPPORT OPERATIONAL ACTIVITIES. THE SPECIFIC APPLICATION OF THE FUND WILL BE AT THE DISCRETION OF RIT.; true AACSB International - the Association To Advance Collegiate Schools Of Busi ness 777 S Harbour Island Blvd Tampa FL 336025730 436036286 501C3 19900 Sponsorship/Event Sponsorship ALEXANDER GRAHAM BELL ASSOCIATION FOR THE DEAF AND HARD OF HEARING 3417 Volta Place NW Washington DC 200072737 530196644 501C3 11000 Event Sponsorship AMERICAN SOCIETY FOR DEAF CHILDREN PO BOX 23 WOODBINE MD 21797 521297104 501C3 10000 Event Sponsorship ASSOCIATION OF COLLEGE EDUCATORS OF THE DEAF AND HARD OF HEARING C/O JENNIFER CATALANO 56 FOXCROSS AVENUE SAINT AUGUSTINE FL 32092 204643984 5400 Event Sponsorship ATOMIC HANDS 3916 Wallace Rd Capitol Heights N Brentwood MD 20722 844020988 501C3 15000 Sponsorship California Educators of the Deaf 2690 Rustic Ln Lincoln CA 95648 330134610 501C3 30000 Event Sponsorship COMMUNICATION SERVICE FOR THE DEAF INC 2028 E Ben White Blvd STE 240 5250 Austin TX 78741 460332149 501C3 12000 Event Sponsorship CONFERENCE OF EDUCATIONAL ADMINISTRATORS OF SCHOOLS 800 Florida Ave NE Washington DC 20002 520845428 501C3 10000 Sponsorship/Event Sponsorship DEAF KIDS CODE 255 saint joseph court West Lafayette IN 47906 811456891 501C3 10000 Event Sponsorship DEAF SENIORS OF AMERICA INC 5619 AINSLEY CT BOYNTON BEACH FL 33437 742757877 501C3 7500 Event Sponsorship DISTRIBUTIVE EDUCATION CLUBS OF AMERICA INC 1908 Association Dr Reston VA 20191 530215806 501C3 8475 Sponsorship GENESEE COUNTRY MUSEUM PO Box 310 1410 Flint Hill Road Mumford NY 145110310 160918567 501C3 33268 Sponsorship GREATER ROCHESTER ENTERPRISE INC 100 Chestnut St Ste 1910 Rochester NY 14604 100000080 501C3 29000 General Support HENRIETTA FIRE DISTRICT 850 Bailey Rd W Henrietta NY 14586 160974231 State of NY 45000 General Support HOCKEY WESTERN NEW YORK LLC One Seymour H Knox III Plaza Buffalo NY 14203 562330641 STATE LAW 30000 Sponsorship LEXINGTON SCHOOL FOR THE DEAF 25-26 75th Street East Elmhurst NY 11370 131656666 501C3 157360 Sponsorship MARK SEVEN DEAF FOUNDATION INC 144 Mohawk Hotel Rd Old Forge NY 13420 521158675 501C3 5500 Event Sponsorship NATIONAL ASSOCIATION OF THE DEAF 8630 Fenton St 820 Silver Spring MD 20910 941358295 501C3 20000 Event Sponsorship NATIONAL BLACK DEAF ADVOCATES INC 1500 Chestnut street 2224 2 Philadelphia PA 19102 383119153 501C3 10000 Event Sponsorship New York Battery and Energy Storage Technology Consortium INC 230 Washington Avenue Ext Albany NY 12203 272619304 501C6 7500 Event Sponsorship REGISTRY OF INTERPRETERS FOR THE DEAF INC 333 Commerce street Alexandria VA 22314 237360218 501C3 6400 Event Sponsorship ROCHESTER FRINGE FESTIVAL INC PO BOX 10508 Rochester NY 14610 452840652 501C3 25000 General Support ROCHESTER HOCKEY LLC One Seymour H Knox III Plaza Buffalo NY 14203 452600404 STATE LAW 12566 Event Sponsorship ROCHESTER MUSEUM & SCIENCE CENTER 657 East Avenue Rochester NY 14607 160794131 501C3 5500 Event Sponsorship ROCHESTER PHILHARMONIC ORCHESTRA INC 255 East Avenue LL02 Rochester NY 14604 160765613 501C3 7500 Sponsorship/Event Sponsorship SOUTHEAST REGIONAL INSTITUTE ON DEAFNESS 5266 DURAND HIGHWAY Warm Springs GA 31830 010554310 501C3 10000 Event Sponsorship THE CENTER FOR YOUTH SERVICES INC 905 Monroe Ave Rochester NY 14620 160992259 501C3 15080 Sponsorship/Event Sponsorship THE LEARNING CENTER FOR THE DEAF INC 848 Central Street Framingham MA 01701 237064431 501C3 5234 Sponsorship UNIVERSITY OF ROCHESTER BOX 278893 Rochester NY 146278893 160743209 501C3 8000 Event Sponsorship WOMEN IN CYBER SECURITY 370 S Lowe Ave a-244 Cookeville TN 38501 822750482 501C3 5670 Event Sponsorship 26 4 SCHOLARSHIP 15337 348494120 GRADUATE RESEARCH ASSISTANCE 523 9001899 FELLOWSHIPS 44 430514 STUDENT LEADERS AND ENTREPRENEURS 410 612562 Schedule I, Part III NUMBER OF RECIPIENTS THE UNIVERSITY ESTIMATES THE NUMBER OF RECIPIENTS FROM RECORDS MAINTAINED IN OUR FINANCIAL AID (SCHOLARSHIPS) AND ACCOUNTS PAYABLE SYSTEM (GRADUATE RESEARCH ASSISTANCE STIPENDS, FELLOWSHIPS AND STUDENT LEADERS AND ENTREPRENEURS) WHICH HAVE BEEN CLASSIFIED BY THE TYPE OF ASSISTANCE. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. SCHOLARSHIPS, FELLOWSHIPS, AND OTHER STUDENT RELATED FINANCIAL AID MUST BE USED FOR EDUCATIONAL PURPOSES. SCHOLARSHIPS AND GRANTS ARE CREDITED DIRECTLY TO STUDENT ACCOUNTS THROUGH AN AUTOMATED SYSTEM AUTHORIZED BY THE UNIVERSITY'S OFFICE OF FINANCIAL AID AND SCHOLARSHIPS. X X X X false true X X X X X X false false false false false false false false false DAVID C MUNSON PRESIDENT 883644 0 52875 0 46482 0 27450 0 73968 0 1084419 0 0 0 JAMES H WATTERS SVP FINANCE AND ADMINISTRATION 578910 0 25026 0 15247 0 30500 0 16887 0 666570 0 0 0 ELLEN M GRANBERG PROVOST AND SVP ACADEMIC AFFAIRS 509278 0 19050 0 976 0 27450 0 20584 0 577338 0 0 0 SANDRA S JOHNSON SVP STUDENT AFFAIRS 352185 0 5627 0 8871 0 27450 0 69101 0 463234 0 0 0 PHILLIP D CASTLEBERRY VP UNIVERSITY ADVANCEMENT 391470 0 0 0 1646 0 27450 0 28933 0 449499 0 0 0 IAN J MORTIMER VP ENROLLMENT MGMT & ASSOC PROVOST, RIT CERTIFIED 373541 0 0 0 2843 0 27450 0 27562 0 431396 0 0 0 GERARD BUCKLEY PRESIDENT NTID & VP AND DEAN RIT 364089 0 0 0 7282 0 30500 0 21939 0 423810 0 0 0 RYNE RAFFAELLE VP RESEARCH 357795 0 0 0 4027 0 30500 0 19214 0 411536 0 0 0 ROBERT COLON VP & GENERAL COUNSEL 330007 0 0 0 2746 0 30500 0 22729 0 385982 0 0 0 JOHN K TRIERWEILER VP CHIEF MARKETING OFFICER 304077 0 0 0 10130 0 27450 0 25699 0 367356 0 0 0 CHRISTINE M LICATA INTERIM PROVOST AND SVP ACADEMIC AFFAIRS 274152 0 0 0 5416 0 28489 0 21965 0 330022 0 0 0 VANESSA J HERMAN VP FOR GOVT & COMMUNITY RELATIONS 265505 0 0 0 974 0 24345 0 18988 0 309812 0 0 0 LISA A CHASE VP & SECRETARY OF THE INSTITUTE 251968 0 0 0 1897 0 25965 0 20872 0 300702 0 0 0 KEITH JENKINS VP & ASSOC PROVOST FOR DIVERSITY & INCLUSION 236581 0 0 0 4777 0 24548 0 33196 0 299102 0 0 0 COLLEEN F PETERSON INTERIM VP ENROLLMENT MANAGEMENT 147875 0 0 0 26751 0 15648 0 81594 0 271868 0 0 0 NABIL Z NASR ASSOC PROVOST DIR GOLISANO INST OF SUSTAINABILITY 481055 0 0 0 149456 0 30500 0 23830 0 684841 0 0 0 JACQUELINE MOZRALL DEAN SAUNDERS COLLEGE OF BUSINESS 376011 0 0 0 30986 0 30500 0 79211 0 516708 0 0 0 ANNE HAAKE DEAN GOLISANO COLLEGE OF COMPUTING & INFORMATION SCIENCES 342304 0 0 0 7582 0 30500 0 17733 0 398119 0 0 0 DONALD F FIGER PROF AND DIR CENTER FOR DETECTORS 293411 0 15841 0 2593 0 22628 0 61207 0 395680 0 0 0 DOREEN EDWARDS DEAN COLLEGE OF ENGINEERING 345410 0 0 0 711 0 27450 0 21107 0 394678 0 0 0 DANIEL ORNT PROFESSOR 336418 0 0 0 7288 0 27450 0 21572 0 392728 0 0 0 KAREN A BARROWS FORMER SECRETARY OF THE INST AND CHIEF OF STAFF 147151 0 5000 0 2394 0 14859 0 8509 0 177913 0 0 0 KATHERINE J MAYBERRY FORMER VP FOR STRATEGIC PLANNING AND SPECIAL INITIATIVES 133473 0 0 0 11312 0 13560 0 5403 0 163748 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel The President is required to travel extensively for RIT matters. Due to the amount of travel and the need to coordinate trips with the many other commitments for the position, the University pays for business class air travel (or its equivalent) for international travel and business/first class travel (or its equivalent) for domestic travel over three hours when the President travels for University business. Schedule J, Part I, Line 1a Travel for companions WHEN BUSINESS CIRCUMSTANCES WARRANT, THE UNIVERSITY MAY PAY FOR TRAVEL FOR COMPANIONS OF THE OFFICERS AND/OR HIGHLY COMPENSATED EMPLOYEES WHEN THEIR GUEST IS A FAMILY MEMBER, WHETHER OR NOT FOR BONA FIDE BUSINESS PURPOSES. THE PERSONAL USE PORTION OF THE BENEFIT IS TREATED AS TAXABLE COMPENSATION AND ADDED TO THE EMPLOYEES' FORM W-2. Schedule J, Part I, Line 1a Housing allowance or residence for personal use DUE TO THE NUMBER OF UNIVERSITY-RELATED ACTIVITIES THAT THE PRESIDENT IS REQUIRED TO HOST, HE IS REQUIRED TO LIVE IN A HOME OWNED AND MAINTAINED BY THE UNIVERSITY. THIS BENEFIT IS NOT DEEMED TO BE TAXABLE COMPENSATION. Schedule J, Part I, Line 1a Health or social club dues or initiation fees THE UNIVERSITY PAYS SOCIAL CLUB INITIATION FEES AND DUES FOR EIGHT OFFICERS INCLUDING FORMER AND/OR HIGHLY COMPENSATED EMPLOYEES. THE PERSONAL USE PORTION OF THE BENEFIT IS TREATED AS TAXABLE COMPENSATION AND ADDED TO THE EMPLOYEES' FORM W-2. Schedule J, Part I, Line 1b Written policy regarding payment or reimbursement of expenses EACH OF THE BENEFITS INDICATED IS AVAILABLE TO THE PRESIDENT; CERTAIN OF THESE BENEFITS ARE AVAILABLE TO SELECT OFFICERS AND HIGHLY COMPENSATED EMPLOYEES. AMOUNTS CONSIDERED TAXABLE ARE REPORTED COMPENSATION INCLUDED ON THE EMPLOYEE'S FORM W-2. SINCE THESE BENEFITS ARE LIMITED TO VERY FEW INDIVIDUALS, A WRITTEN POLICY IS NOT CONSIDERED NECESSARY; HOWEVER, THE UNIVERSITY HAS SPECIFIC WRITTEN POLICIES PERTAINING TO TRAVEL EXPENDITURES AND PAYMENTS/REIMBURSEMENTS. Schedule J, Part I, Line 3 METHODS USED TO ESTABLISH COMPENSATION THE UNIVERSITY UTILIZES EACH OF THE METHODS LISTED IN SCHEDULE J, PART I, LINE 3 ON AN ANNUAL BASIS WITH THE EXCEPTION OF REVIEWING FORM 990 OF OTHER ORGANIZATIONS EVERY OTHER YEAR. IN THE YEAR THAT 990 OF OTHER ORGANIZATIONS ARE NOT REVIEWED BY THE UNIVERSITY, A BROADER COMPENSATION SURVEY OR STUDY IS CONDUCTED. A DASNY RIT Series 2019A 146000293 64990GTN2 2019-10-08 143479011 SEE SUPPLEMENTAL INFORMATION false false false B DASNY RIT Series 2020A 146000293 64990GUV2 2020-04-03 57366744 SEE SUPPLEMENTAL INFORMATION false false false C DASNY RIT SERIES 2022A 146000293 65000BWK0 2022-12-13 120985145 SEE SUPPLEMENTAL INFORMATION false false false A 0 0 147668311 0 0 0 647850 0 0 107362286 22669875 16988301 false false false true B 7335000 0 57371208 0 0 0 341939 0 0 0 57029269 0 true false true true C 0 0 122780493 0 0 0 860145 0 0 597312 125000 121198037 false false false true A false true true false true false 0.0004 0.0 0.0004 false false true B false true true false true false 0.0001 0.0 0.0001 false false true C false true true false true false 0.0 0.0 0.0 false false true A false true false false false false false true true B false true false false false false false false true C false true false false false false false false true A true B true C true Schedule K, Part II, Line 3 LINES 3A, 3B, 3C RESPECTIVELY TOTAL PROCEEDS OF ISSUE, INCLUDES INVESTMENT PROCEEDS OF: 2019A: $4,189,301; 2020A: $4,464 AND 2022A: $1,795,349 RESPECTIVELY. Schedule K, Part II, Line 11 LINE 11A, SERIES 2019A OTHER SPENT PROCEEDS INCLUDES $47,311 FOR ISSUER/DASNY FEES AND $22,622,564 FOR REFINANCING OF TAXABLE BANK LOAN. Schedule K, Part I, Column (f) ISSUER NAME - DASNY, RIT SERIES 2019A LINE A (f): THE SERIES 2019A PROJECT CONSISTS OF THE CONSTRUCTION OF THE STUDENT HALL FOR EXPLORATION AND DEVELOPMENT (SHED), RENOVATIONS TO THE LIBRARY, A NEW STUDENT MUSICAL PERFORMANCE THEATER, EXPANSION OF ATHLETIC FACILITIES AND REFINANCING AN OUTSTANDING TAXABLE BANK LOAN. Schedule K, Part I, Column (f) ISSUER NAME - DASNY, RIT SERIES 2020A LINE B (f): THE SERIES 2020A PROJECT CONSISTS OF REFUNDING A PORTION OF SERIES 2010 BONDS. Schedule K, Part II, Line 11 LINE 11B, SERIES 2020A OTHER SPENT PROCEEDS INCLUDES $57,029,269 TO LEGALLY DEFEASE A PORTION OF SERIES 2010 BONDS WITH A REDEMPTION DATE OF JULY 1, 2020. Schedule K, Part II, Line 7 LINE 7C, SERIES 2019A ORIGINAL ISSUANCE COSTS FROM PROCEEDS OF $647,120 WERE ADJUSTED FOR $1,082 OF UNUSED PROCEEDS, NET OF INVESTMENT EARNINGS FOR A TOTAL ADJUSTMENT OF $730. Schedule K, Part II, Line 7 LINE 7D, SERIES 2020A ORIGINAL ISSUANCE COSTS FROM PROCEEDS OF $337,475, WERE ADJUSTED FOR $9,761 OF UNUSED PROCEEDS NET OF INVESTMENT EARNINGS FOR A TOTAL ADJUSTMENT OF $4,464. Schedule K, Part II, Line 11 LINE 11C, SERIES 2022A OTHER SPENT PROCEEDS INCLUDES $125,000 FOR ISSUER/DASNY FEES. Schedule K, Part I, Column (f) ISSUER NAME - DASNY, RIT SERIES 2022A THE SERIES 2022A PROJECT CONSISTS OF THE CONSTRUCTION OF AN ACADEMIC RESEARCH BUILDING AND AN ATHLETIC STADIUM, ROOF REPLACEMENTS AND RENOVATIONS TO RESIDENCE HALLS AND IMPROVEMENTS TO OTHER CAMPUS BUILDINGS. 63609 TUITION WAIVER GENERAL SUPPORT REDCOM LABORATORIES INC TRUSTEE, DINAH G WEISBERG, CEO OF REDCOM LABORATORIES, INC, WITH OWNERSHIP > 35% OF THE COMPANY 114192 REDCOM LABORATORIES, INC REPAIRED AND CALIBRATED SCIENTIFIC EQUIPMENT FOR RIT. THE CONTRACT WAS AWARDED FOLLOWING THE UNIVERSITY'S COMPETITIVE BIDDING PROCESS CONSISTENT WITH THE PROCUREMENT POLICY REQUIREMENTS. false DEVON WATTERS FAMILY MEMBER OF OFFICER 58209 PAYMENT OF COMPENSATION false ODESSA DESPOT FAMILY MEMBER OF OFFICER 89274 PAYMENT OF COMPENSATION false MCLEAN BULMER FAMILY MEMBER OF TRUSTEE 75829 PAYMENT OF COMPENSATION false THE PIKE COMPANY EMERITUS TRUSTEE, THOMAS JUDSON, CHAIRMAN OF PIKE CO. WITH HIS FAMILY OWN > 35% OF THE COMPANY 3274218 PIKE PROVIDED CONSTRUCTION SERVICES TO RIT. THE CONTRACTS AWARDED FOLLOWED THE UNIVERSITY'S COMPETITIVE BIDDING PROCESS CONSISTENT WITH THE PROCUREMENT POLICY REQUIREMENTS. false THERESE HANNIGAN FAMILY MEMBER OF OFFICER 185772 PAYMENT OF COMPENSATION false LARRY BUCKLEY FAMILY MEMBER OF OFFICER 211174 PAYMENT OF COMPENSATION false X 229 3011799 Market value X Equipment 10 497419 Market value X Consumables 4 66277 Market value 2 false true true Schedule M, Part I LINES 1-28, COLUMN B THE UNIVERSITY IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions THE UNIVERSITY WILL, ON OCCASION CONTRACT WITH A THIRD PARTY FOR THE PURPOSE OF DISPOSING OF CONTRIBUTED ASSETS THAT IT DOES NOT HAVE FURTHER USE FOR AND WHICH ARE OF A SPECIALIZED NATURE. Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - Number of contributions Other - Equipment Number of contributions Other - Consumables Number of contributions Form 990, Part VI, Line 1a Since the prior Form 990 was filed, Rochester Institute of Technology (RIT) revised its Board of Trustees' Committee structure and amended its bylaws to reflect this change. Previously, the RIT Board of Trustees had 11 committees and 7 subcommittees responsible for various oversight functions. As a result of the revisions several oversight functions were combined, committee names were changed, subcommittees were disbanded, and committee charters were created. RIT now has 11 committees. The bylaws were revised to remove references to the old committees and subcommittees, include references to committee charters, and remove the RIT Board of Trustees' Conflict of Interest and Indemnification Policies which are now separate board policies. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons COMPLEMAR PARTNERS INC: SUSAN R HOLLIDAY (BOARD MEMBER) AND CHRISTINE B WHITMAN (EXECUTIVE CHAIRMAN) - Business relationship, FINANCIAL INSTITUTIONS INC (AKA FIVE STAR BANK): SUSAN HOLLIDAY (BOARD CHAIR) AND KIM VANGELDER (DIRECTOR) - Business relationship, TOKENIZE: KEVIN SURACE (BOARD CHAIR) AND CHRISTINE WHITMAN (BOARD MEMBER) - Business relationship Form 990, Part VI, Line 4 Significant changes to organizational documents See explanation entered for Form 990, Part VI Line 1A Form 990, Part VI, Line 11b Review of form 990 by governing body PRIOR TO FILING THE RETURN, THE PREPARED RIT FORM 990 WAS PROVIDED TO THE MEMBERS OF THE RISK AND AUDIT COMMITTEE AND SUBSEQUENTLY PRESENTED FOR REVIEW AT A REGULARLY SCHEDULED COMMITTEE MEETING. PRIOR TO FILING THE RETURN, IT WAS MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF TRUSTEES VIA A SECURED WEBSITE. Form 990, Part VI, Line 12c Conflict of interest policy THE UNIVERSITY'S CONFLICT OF INTEREST POLICY APPLIES TO ALL MEMBERS OF THE BOARD OF TRUSTEES. ALL TRUSTEES AND OFFICERS ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST AS SOON AS POSSIBLE. ADDITIONALLY, ON AN ANNUAL BASIS, THE SECRETARY OF THE UNIVERSITY DISTRIBUTES A CONFLICT OF INTEREST DISCLOSURE FORM TO ALL TRUSTEES AND OFFICERS SOLICITING DISCLOSURE OF ANY ACTUAL OR POTENTIAL CONFLICTS. FOLLOWING THE RECEIPT OF INFORMATION CONCERNING A CONTRACT OR TRANSACTION INVOLVING A POTENTIAL CONFLICT OF INTEREST, THE SECRETARY OF THE UNIVERSITY WILL ARRANGE FOR THE RISK AND AUDIT COMMITTEE TO CONSIDER THE MATERIAL FACTS CONCERNING THE FAIRNESS AND BUSINESS CASE OF THE PROPOSED CONTRACT OR TRANSACTION. THE COMMITTEE SHALL APPROVE ONLY THOSE CONTRACTS OR TRANSACTIONS IN WHICH THE TERMS ARE FAIR AND REASONABLE AND THE ARRANGEMENTS ARE CONSISTENT WITH THE BEST INTERESTS OF THE UNIVERSITY. IN ANY EVENT, SUCH MEMBERS WILL NEITHER VOTE, NOR DISCHARGE THEIR DUTIES WITH RESPECT TO ANY MATTER CONCERNING A CONFLICT. THE COMMITTEE SHALL SET FORTH THE BASIS FOR ITS DECISION WITH RESPECT TO APPROVAL OF CONTRACTS OR TRANSACTIONS INVOLVING CONFLICTS OF INTEREST IN THE MINUTES OF THE MEETING AT WHICH THE DECISION IS MADE, INCLUDING THE BASIS FOR DETERMINING THAT THE CONSIDERATION TO BE PAID IS FAIR TO THE UNIVERSITY. THE INDIVIDUAL CONFLICT OF INTEREST AND COMMITMENT (ICIC) POLICY REQUIRES ALL REGULAR RIT FACULTY AND STAFF TO DISCLOSE POTENTIAL, REAL, OR PERCEIVED CONFLICTS OF INTEREST OR COMMITMENT ANNUALLY TO THEIR IMMEDIATE SUPERVISOR. ADDITIONALLY, THE ICIC POLICY REQUIRES THAT EMPLOYEES SUBMIT AN ANNUAL DISCLOSURE AND/OR A DISCLOSURE WHEN CIRCUMSTANCES CHANGE THAT MAY CREATE A POTENTIAL, REAL, OR PERCEIVED CONFLICT. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE EXECUTIVE COMPENSATION COMMITTEE SHALL DECIDE UPON MATTERS OF EXECUTIVE SALARY AND BENEFITS, AND ANNUALLY SHALL REVIEW THE COMPENSATION OF THE OFFICERS OF THE UNIVERSITY, MAKING A RECOMMENDATION CONCERNING THE SAME TO THE EXECUTIVE COMMITTEE FOR ITS FINAL APPROVAL. THE PRESIDENT ANNUALLY WILL MEET WITH THE EXECUTIVE COMPENSATION COMMITTEE AND PROVIDE IT WITH AN EVALUATION OF THE OFFICERS OF THE UNIVERSITY OTHER THAN THE PRESIDENT, AND A PROPOSAL FOR THEIR COMPENSATION. THE CHAIR OF THE BOARD OF TRUSTEES ANNUALLY WILL MEET WITH THE EXECUTIVE COMPENSATION COMMITTEE AND PROVIDE IT WITH AN EVALUATION OF THE PRESIDENT AND A PROPOSAL FOR THE PRESIDENT'S COMPENSATION. BIENNIALLY THE EXECUTIVE COMPENSATION COMMITTEE UTILIZES VARIOUS TOOLS TO REVIEW THE COMPENSATION FOR THE OFFICERS: INDEPENDENT CONSULTANT AND COMPENSATION SURVEY BASED ON A SALARY ANALYSIS OF COMPARABLE POSITIONS IN LIKE CIRCUMSTANCES. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE EXECUTIVE COMPENSATION COMMITTEE REVIEWS THE PROPOSED SALARIES OF THE FOLLOWING POSITIONS: PRESIDENT; PROVOST AND SVP ACADEMIC AFFAIRS; SVP FINANCE AND ADMINISTRATION; VP ENROLLMENT MANAGEMENT; VP RESEARCH; VP UNIVERSITY ADVANCEMENT; SVP STUDENT AFFAIRS; PRESIDENT NTID & VP AND DEAN RIT; VP GOVT AND COMMUNITY RELATIONS; VP CHIEF MARKETING OFFICER; VP & GENERAL COUNSEL; VP & SECRETARY OF THE INSTITUTE; AND VP & ASSOC PROVOST FOR DIVERSITY & INCLUSION. THE EXECUTIVE COMPENSATION COMMITTEE SHALL SET FORTH THE BASIS FOR ITS DECISIONS WITH RESPECT TO COMPENSATION IN THE MINUTES OF THE MEETING AT WHICH THE DECISIONS ARE MADE, INCLUDING THE PRIMARY CONCLUSIONS OF THE EVALUATION AND THE BASIS FOR DETERMINING THAT THE INDIVIDUAL'S COMPENSATION WAS REASONABLE IN LIGHT OF THE EVALUATION AND COMPARABILITY DATA. THE EXECUTIVE COMPENSATION COMMITTEE REPORTS ANNUALLY TO THE FINANCE COMMITTEE AND TO THE FULL BOARD CONCERNING THE EVALUATION OF OFFICERS AND THE ESTABLISHMENT OF THEIR COMPENSATION. Form 990, Part VI, Line 19 Required documents available to the public THE FOLLOWING DOCUMENTS ARE AVAILABLE AT THE UNIVERSITY'S WEBSITE AT WWW.RIT.EDU: 1) LIST OF MEMBERS OF THE BOARD OF TRUSTEES; 2) CONSOLIDATED AUDITED FINANCIAL STATEMENTS; AND 3) UNIVERSITY POLICY AND PROCEDURES INFORMATION AND RESOURCES. ADDITIONALLY, THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part VII, Section A LINE 17 CHRISTINE M LICATA: FORMER INTERIM PROVOST: RESIGNED PREVIOUS POSITION OF INTERIM PROVOST ON AUGUST 18, 2018 AND IS VICE PROVOST FOR ACADEMIC AFFAIRS. BEGINNING IN JUNE 2023, CHRISTINE M LICATA REASSUMED THE POSITION OF INTERIM PROVOST. Form 990, Part VII, Section A LINE 22 KATHERINE J MAYBERRY: FORMER VP FOR STRATEGIC PLANNING AND SPECIAL INITIATIVES: RESIGNED FROM THAT POSITION ON JUNE 30, 2019 AND WAS THE SENIOR ADVISOR FOR STUDENT DIVERSITY OUTREACH, ENROLLMENT AND RETENTION UNTIL SHE RETIRED ON JUNE 30, 2022. Form 990, Part VII, Section A LINE 23 KAREN A BARROWS: FORMER SECRETARY OF THE INSTITUTE AND CHIEF OF STAFF: RESIGNED PREVIOUS POSITION OF SECRETARY OF THE INSTITUTE ON MARCH 9, 2020 AND IS NOW CHIEF OF STAFF. Form 990, Part VII, Section A Line 14 DANIEL ORNT: FORMER VP AND DEAN INST OF HEALTH SCIENCES AND TECH: RESIGNED PREVIOUS POSITION OF DEAN INST OF HEALTH SCIENCES AND TECH ON JUNE 30, 2020 AND IS NOW A PROFESSOR Form 990, Part VII, Section A LINE 21 COLLEEN F PETERSON: BECAME INTERIM VP ENROLLMENT MANAGEMENT IN DECEMBER 2022. Form 990, Part VIII, Line 2f Other Program Service Revenue All other Program Services Revenue - Total Revenue: 10151514, Related or Exempt Function Revenue: 9710902, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 440612; Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Other - Total Revenue: 2443183, Related or Exempt Function Revenue: 1657426, Unrelated Business Revenue: 681494, Revenue Excluded from Tax Under Sections 512, 513, or 514: 104263; Schedule I, Part II, Line 1(c) 4 ASSOCIATION OF COLLEGE EDUCATORS DEAF AND HARD-OF-HEARING INC: EXEMPT STATUS WAS REVOKED 5257 W HENRIETTA ROAD LLC 5257 W HENRIETTA RD HENRIETTA NY 14586 161609483 OWN REAL PROPERTY NY 6558756 23335332 ROCHESTER INSTITUTE OF TECHNOLOGY RIT VENTURE FUND I LLC 5 LOMB MEMORIAL DRIVE ROCHESTER NY 14623 455183880 INVESTMENTS DE 3099 205758 ROCHESTER INSTITUTE OF TECHNOLOGY RIT VF ARC HOLDINGS LLC 7 LOMB MEMORIAL DRIVE ROCHESTER NY 14623 455183880 INVESTMENTS NY 0 0 RIT Venture Fund I LLC RIT GLOBAL DELIVERY CORPORATION 7 LOMB MEMORIAL DRIVE ROCHESTER NY 14623 201151703 EDUCATIONAL PURPOSES NY 501(c)(3) 11 ROCHESTER INSTITUTE OF TECHNOLOGY false RIT CAMPUS CLUB INC 39 LOMB MEMORIAL DRIVE ROCHESTER NY 14623 161201526 SUPPORT RIT NY 501(c)(3) 11 ROCHESTER INSTITUTE OF TECHNOLOGY false true false false false false false false false false false false true false false false false false false true RIT CAMPUS CLUB INC A 576564 RIT CAMPUS CLUB INC L 1638720 RIT CAMPUS CLUB INC S 637378 RIT GLOBAL DELIVERY CORPORATION S 918183 Schedule R, Part I, Column (a) RIT VF ARC HOLDINGS LLC RIT VF ARC HOLDINGS LLC, A DISREGARDED ENTITY OF RIT VENTURE FUND I LLC