2024-05-13T14:52:07-05:00 2023-06-30 FORVIS LLP 201 N Illinois Street Indianapolis IN 46204 990 2022-07-01 350868149 Rose-Hulman Institute of Technology % TYLER KEARNEY ROSE 8128771511 5500 Wabash Avenue CM 21 Terre Haute IN 47803 TYLER KEARNEY VP FOR FINANCE 8128771511 2024-05-15 true MATTHEW D DAVIS 999009999 NICOLE B FISHBACK P01279475 3173834000 2024-05-15 2 2022 2023-04-26 12:10:37Z Tyler Kearney 5500 WABASH AVENUE TERRE HAUTE IN 47803 211604761 false X WWW.ROSE-HULMAN.EDU X 1874 IN TO PROVIDE THE WORLD'S BEST UNDERGRADUATE EDUCATION IN ENGINEERING, MATHEMATICS, AND SCIENCE. 25 23 1798 21 327340 180316 18009877 19722547 126525904 136779008 9964046 7295242 602304 632494 155102131 164429291 53133060 59265189 0 0 58547660 61925643 0 0 4018864 40484335 42518408 152165055 163709240 2937076 720051 478913883 495559768 110161368 105627680 368752515 389932088 TO PROVIDE OUR STUDENTS WITH THE WORLD'S BEST UNDERGRADUATE EDUCATION IN ENGINEERING, MATHEMATICS, AND SCIENCE IN AN ENVIRONMENT OF INDIVIDUAL ATTENTION AND SUPPORT. false false 143467319 59265189 137157872 STUDENT INSTRUCTION - TEACHING FACULTY/RELATED ADMINISTRATION SALARIES: COSTS ASSOCIATED THERE WITH (I.E. 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AVE TERRE HAUTE IN 47804 GENERAL CONTRACTOR 1949455 HANNIG CONSTRUCTION INC 815 SWAN ST TERRE HAUTE IN 47807 GENERAL CONTRACTOR 1731199 54 27787 962810 18731950 2926545 19722547 TUITION AND FEES 611710 110007837 110007837 AUXILIARY ENTERPRISES 611710 22923986 22923986 OTHER SOURCES 611710 3847185 3847185 136779008 7327456 129351 7198105 0 0 245374 245374 0 245374 189733 55641 44907080 0 44800478 138616 106602 -138616 -32214 -32214 0 0 0 0 0 0 2615240 2236376 378864 378864 EXCLUSIVITY CONTRACT 722210 8000 8000 CONCESSION PARKING 722210 256 256 8256 164429291 137157872 327340 7221532 63180 63180 59202009 59202009 0 0 3255112 414940 2147187 692985 45120 45120 43723235 37460602 4735186 1527447 3673400 2918637 560712 194051 8023467 5992767 1528058 502642 3205309 2599419 467733 138157 1631451 867562 624051 139838 175705 17895 157810 119145 119145 0 0 840862 840862 0 843809 508064 127733 208012 5169606 3675473 1363969 130164 149707 69729 79920 58 0 3948319 3557147 373492 17680 2460145 1812951 478825 168369 0 160247 110420 47360 2467 2490853 2373883 116970 0 12304563 11640411 664152 1088862 569502 519360 FOOD SERVICE FEES 7781195 7764743 13416 3036 NON-CAPITAL EQUIPMENT 908506 477064 418181 13261 MEMBERSHIP/PROFESSIONAL 363712 177200 138782 47730 OTHER 2081721 1193721 655033 232967 163709240 143467319 16223057 4018864 13519 21987 40574980 27321968 16390364 21467614 3776724 3278996 0 0 0 0 2115355 1517956 1329856 1355340 0 0 410268311 235521494 168046705 174746817 175281060 187089938 61657908 68155129 0 0 0 0 9727412 10604023 478913883 495559768 12610271 13337191 0 0 2864326 2600678 77354457 74715269 0 0 0 0 0 0 0 0 17332314 14974542 110161368 105627680 X 165391851 165904788 203360664 224027300 368752515 389932088 478913883 495559768 X 720051 19643013 816509 X X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2617145 X false 250558322 3401831 29066645 6039926 6836986 840862 269309024 271284646 7066271 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BY PURCHASE AND DONATIONS. THESE WORKS ARE DISPLAYED IN VARIOUS BUILDINGS ON CAMPUS TO ASSIST STUDENTS IN DEVELOPING AN APPRECIATION FOR ART AND DESIGN. FORM 990, SCHEDULE D, PART V, LINE 4 INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS: THE INSTITUTE'S ENDOWMENT FUNDS PROVIDE FINANCIAL SUPPORT OF THE INSTITUTE'S ACADEMIC AND OTHER NEEDS. THE EARNINGS FROM THE INVESTMENT OF THE ENDOWED FUNDS PROVIDE STUDENT SCHOLARSHIPS, LABORATORY AND EQUIPMENT, AND ENDOWED CHAIRS AND PROFESSORSHIPS. FORM 990, SCHEDULE D, PART X, LINE 2 ASC 740 DISCLOSURE: 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. FORM 990, SCHEDULE D, PART XI RECONCILIATION OF REVENUE: LINE 2D: BOOKSTORE/LAPTOP COST OF GOODS SOLD $2,236,376 LINE 2D: CHANGE IN VALUE OF SPLIT INTEREST $(228,740) LINE 2D TOTAL: $2,007,636 FORM 990, SCHEDULE D, PART XII RECONCILIATION OF EXPENSES: LINE 2D: BOOKSTORE/LAPTOP COST OF GOODS SOLD $2,236,376 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 PUBLICATION OF THE ORGANIZATION'S NONDISCRIMINATION POLICY: SOLICITATION OF STUDENTS IS ACCOMPLISHED THROUGH DIRECT MAILINGS OR CONTACT WITH HIGH SCHOOL COUNSELORS. MAILINGS INCLUDE A STATEMENT OF RACIAL NON-DISCRIMINATION. THE NONDISCRIMINATORY POLICY IS ALSO PUBLISHED ON THE INSTITUTE'S WEBSITE AT WWW.ROSE-HULMAN.EDU/ABOUT-US/HUMAN-RESOURCES/TITLE-IX. THE INSTITUTE'S ADMISSIONS POLICIES ARE IN ACCORDANCE WITH SEC 4.02 OF REV PROC 75-50. SCHEDULE E, PART I, LINE 6A EXPLANATION OF GOVERNMENTAL FINANCIAL AID: FINANCIAL AID FOR BOTH STUDENTS AND THE INSTITUTE IS RECEIVED FROM THE DEPARTMENT OF EDUCATION ALONG WITH FUNDS FROM VARIOUS INDIANA STATE AGENCIES. THESE FUNDS ARE DISBURSED WITHOUT REGARD TO RACE, RELIGION, OR NATIONAL ORIGIN OF STUDENTS. THE INSTITUTE ALSO RECEIVED FROM VARIOUS FEDERAL AND STATE AGENCIES GRANTS FOR THE PURPOSE OF RESEARCH AND ACQUISITION OF EQUIPMENT. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PASSIVE INVESTMENTS 7425340 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES TEACHING & RESEARCH 23083 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES CONFERENCES & RESEARCH 189021 NORTH AMERICA 0 0 PROGRAM SERVICES CONFERENCES 9795 SOUTH AMERICA 0 0 PROGRAM SERVICES CONFERENCE & BLDG PROJ 14040 SOUTH ASIA 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 10916 0 0 0 0 7672195 7672195 true false true true true false true CHICKS ENGINEERING LLC PO BOX 860670 SHAWNEE KS 662860670 921404309 501(C)(3) 60000 0 GENERAL 1 INSTITUTIONAL FINANCIAL AID 2238 53175774 0 NON-ENDOWED SCHOLARSHIPS 58 276782 0 ENDOWED SCHOLARSHIPS 645 5749453 0 SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING USE OF GRANT FUNDS IN THE UNITED STATES: THE FEDERAL AND STATE FUNDS PROVIDED FOR FINANCIAL AID TO STUDENTS OF ROSE-HULMAN FOLLOWS ALL REGULATIONS. EACH YEAR THE REGULATIONS ARE EVALUATED TO VERIFY THAT ALL REGULATIONS ARE BEING FOLLOWED BASED ON EACH FUNDS CRITERIA. X X X X true true X X X X X X false false false false false false false false false ROBERT COONS PRESIDENT 621005 0 0 0 0 0 28627 0 35928 0 685560 0 MATTHEW BOUTELL ASSOC DEPT HEAD & PROF COM SCI 167269 0 0 0 0 0 10767 0 12616 0 190652 0 CRAIG DOWNING HEAD OF DEPT OF ENG MGMT 184063 0 0 0 0 0 14034 0 37505 0 235602 0 JAMEEL AHMED HEAD OF BIO & BIOMED END, PROF 169069 0 0 0 0 0 13462 0 12777 0 195308 0 JP MELLOR HEAD OF DEPT, COMP SCI. & ENG. 172069 0 0 0 0 0 14203 0 30590 0 216862 0 PATSY BRACKIN PROG DIR FOR ENG DESIGN & PROF 171747 0 0 0 0 0 13119 0 21418 0 206284 0 THOMAS BEAR VP FOR ENROLLMENT 255513 0 0 0 0 0 850 0 38037 0 294400 0 STEVE BRADY VP FOR INST ADVANCEMENT 285297 0 0 0 0 0 23850 0 41058 0 350205 0 WAYNE DENNISON VP FOR INFORMATION TECHNOLOGY 258328 0 0 0 0 0 21930 0 31965 0 312223 0 RUSSELL WARLEY DEAN OF FACULTY, PROF CHEM ENG 211185 0 0 0 0 0 17999 0 31281 0 260465 0 MATTHEW DAVIS ASSOC VP FINANCE & CONTROLLER 266465 0 0 0 0 0 23070 0 38841 0 328376 0 ERIK HAYES VP FOR STUDENT AFFAIRS & DEAN 191627 0 0 0 0 0 17010 0 39665 0 248302 0 RICK STAMPER PROVOST & VP, ACADEMIC AFFAIRS 249752 0 0 0 0 0 20600 0 38599 0 308951 0 MEGAN ELLIOTT VP, HUMAN & ENVIRONMENTAL SVCS 217499 0 0 0 0 0 18610 0 22023 0 258132 0 SANTHANA NAIDU VP FOR COMMUNICATIONS & MARKE. 173871 0 0 0 0 0 15050 0 19579 0 208500 0 FORM 990 SCHEDULE J, PART I, LINE 1A OTHER COMPENSATION: ROBERT COONS (PRESIDENT) RECEIVED CLUB DUES WHICH ARE GROSSED UP FOR TAX PURPOSES. HE ALSO RECEIVED A HOUSING ALLOWANCE, WHICH IS REPORTED IN SCHEDULE J, PART II AND IS REPORTED AS TAXABLE ON THE W-2. SPOUSAL TRAVEL IS PROVIDED. THE PRESIDENT'S SPOUSE IS ALSO AN EMPLOYEE IN ROSE-HULMAN'S ADVANCEMENT DEPARTMENT, AND OFTEN TRAVELS WITH THE PRESIDENT AS PART OF HER JOB RESPONSIBILITIES. SPOUSAL TRAVEL IS ANALYZED TO DETERMINE WHETHER THE TRAVEL WAS TO FULFILL A JOB RESPONSIBILITY, OR STRICTLY SPOUSAL TRAVEL. TRAVEL EXPENSES DETERMINED TO BE OUTSIDE OF FULFILLING A ROSE-HULMAN JOB RESPONSIBILITY IS ADDED TO W-2 WAGES. NILES NOBLITT RECEIVED HOUSING AT THE PRESIDENT'S HOME DURING BOARD MEETINGS WHICH IS REPORTED AS A NONTAXABLE BENEFIT. A INDIANA FINANCE AUTHORITY 351602316 45506DT96 2018-12-20 36062495 CONSTRUCTION AND EXPANSION OF CAMP false false false B INDIANA FINANCE AUTHORITY 351602316 45506D8J7 2020-05-27 26729817 CONSTRUCTION AND EXPANSION OF CAMP false false false C INDIANA FINANCE AUTHORITY 351602316 45506EBC6 2021-06-01 21216909 REFUND THE SERIES 2011 BONDS false false false A 0 0 37321136 0 0 0 350386 0 0 36970750 0 0 false false false true B 7725000 0 24774433 0 0 0 294817 0 0 24479616 0 0 true false false true C 0 0 21216909 0 0 0 216909 0 0 0 21000000 0 2011 true false true true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true A false true false false false false 0 false 0 false true B false true false false false false 0 false 0 false true C false true false false false false 0 false 0 false true A true B true C true SCHEDULE K, PART I, LINE B COLUMN F THE PROCEEDS OF THE 2020 BONDS WERE USED TO FINANCE (I) THE COSTS OF CAMPUS IMPROVEMENTS, (II) REFUND OUTSTANDING SERIES 2010 BONDS WHICH WERE ISSUED ON 09/08/2010 AND (III) PAY CERTAIN COSTS OF ISSUING THE SERIES 2010 BONDS. SCHEDULE K, PART I, LINE C COLUMN F THE PROCEEDS OF THE 2021 BONDS WERE USED TO REFUND OUTSTANDING SERIES 2011 BONDS WHICH WERE ISSUED ON 09/08/2011 AND (II) PAY CERTAIN COSTS OF ISSUING THE SERIES 2011 BONDS. SCHEDULE K, PART II, LINE 3 TO THE EXTENT THAT TOTAL PROCEEDS OF THE ISSUE EXCEEDS THE ISSUE PRICE, SUCH EXCESS REPRESENTS INVESTMENT EARNINGS. DAVID HANNUM PART OWNER CH GARMONG 3431323 CH GARMONG true TOM DINKEL CEO SYCAMORE ENGINEER 221898 SYCAMORE ENGINEER true SUBSTANTIAL CONTRIBUTOR DONOR AND BUSINESS 27787 DONOR/BUSINESS TRANSACTION true TAMARA COONS SPOUSE OF OFFICER 45121 ASSOCIATE INSTITUTIONAL ADVANC true FORM 990, SCHEDULE L, PART IV, LINE 1 Business Transactions Involving Interested Persons: The board member was not involved in the decision to use their company. FORM 990, SCHEDULE L, PART IV, LINE 2 Business Transactions Involving Interested Persons: The board member was not involved in the decision to use their company. FORM 990, SCHEDULE L, PART IV, LINE 4 Business Transactions Involving Interested Persons: The board member was not involved in the decision to hire his spouse or set her compensation. X 7 32250 FMV X 300 FMV X 1 2885 FMV X 35 1341518 FMV X SOFTWARE 1 1495000 FMV X EQUIPMENT 3 50054 FMV 10 false true false SCHEDULE M, PART I, COLUMN (B) NUMBER OF CONTRIBUTORS: ROSE-HULMAN INSTITUTE OF TECHNOLOGY REPORTS THE NUMBER OF CONTRIBUTORS IN COLUMN (B). FORM 990, PART VI, SECTION A, LINE 2 FAMILY AND BUSINESS RELATIONSHIPS: SOME MEMBERS OF THE BOARD OF TRUSTEES HAVE FAMILY AND BUSINESS RELATIONSHIPS IN THE ORDINARY COURSE OF BUSINESS. THOMAS DINKEL AND ANTON GEORGE HAVE A BUSINESS RELATIONSHIP. THOMAS DINKEL AND GREG GIBSON HAVE A BUSINESS RELATIONSHIP. ANTON GEORGE AND GREG GIBSON HAVE A BUSINESS RELATIONSHIP. JAMES BAUMGARDT AND NILES NOBLITT HAVE A BUSINESS RELATIONSHIP. PATRICK CAHILL AND THOMAS DINKEL HAVE A BUSINESS RELATIONSHIP. JAMES TRUEBLOOD AND LINDA WHITE HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW THE FORM 990: THE FORM WAS PREPARED BY AN INDEPENDENT CPA FIRM AND WAS REVIEWED IN DETAIL AND APPROVED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. A PUBLIC DISCLOSURE VERSION OF THE FORM WAS MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MONITORING & ENFORCEMENT OF COMPLIANCE WITH CONFLICT OF INTEREST POLICY: THE INSTITUTE REQUIRES EVERY MEMBER OF THE BOARD OF TRUSTEES, FACULTY AND STAFF TO SUBMIT A WRITTEN CONFLICT OF INTEREST DISCLOSURE ANNUALLY AS WELL AS IMMEDIATELY UPON THE IDENTIFICATION OF ANY APPARENT OR IMPLIED CONFLICT. THESE SUBMISSIONS ARE EACH REVIEWED BY THE CHAIR OF THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES AND SUMMARIZED FOR PRESENTATION TO THE COMMITTEE. IF A CONFLICT IS DETERMINED TO EXIST, PERSON(S) DESIGNATED BY THE CHAIRMAN OF THE BOARD OF TRUSTEES WORK WITH THE APPROPRIATE INDIVIDUAL(S) TO DESIGN A PLAN TO MANAGE, REDUCE, OR ELIMINATE THE CONFLICT IN A MANNER CONSISTENT WITH THE BEST INTEREST OF THE INSTITUTE AND THE RIGHTS OF THE INDIVIDUAL. IF THE DESIGNEES ARE UNABLE TO RECOMMEND A RESOLUTION, THE CASE IS REFERRED TO THE PRESIDENT, THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES, OR THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AS APPROPRIATE FOR RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15A & 15B PROCESS TO DETERMINE PRESIDENT AND OFFICER COMPENSATION: IN MAY OF EACH YEAR, ROSE-HULMAN INSTITUTE OF TECHNOLOGY'S BOARD OF TRUSTEES COMPENSATION COMMITTEE PERFORMS A REVIEW OF EXECUTIVE COMPENSATION FOR THE PRESIDENT AND THE PRESIDENT'S CABINET. THE REVIEW IS DESIGNED TO FOLLOW INDUSTRY BEST PRACTICES AND TO COMPLY WITH THE IRS INTERMEDIATE SANCTIONS PROVISION. IN PERFORMING THEIR ANNUAL REVIEW, THE COMMITTEE REVIEWS INFORMATION FROM THE PRESIDENTIAL PERFORMANCE REVIEW COMPENSATION SURVEYS, COMPENSATION AT COMPARABLE ORGANIZATIONS, AND INDEPENDENT THIRD PARTY REVIEWS WHEN DEEMED APPROPRIATE. THE COMMITTEE MAKES COMPENSATION RECOMMENDATIONS FOR THE PRESIDENT FOR APPROVAL BY THE FULL BOARD OF TRUSTEES AND APPROVE THE PRESIDENT'S RECOMMENDATIONS FOR HIS CABINET. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF GOVERNING DOCUMENTS, COI POLICY, FORM 990, AND FS: AS A PRIVATE INSTITUTION, ROSE-HULMAN INSTITUTE OF TECHNOLOGY DOES NOT PUBLICLY DISTRIBUTE GOVERNING DOCUMENTS AND ITS CONFLICT OF INTEREST POLICY. AUDITED FINANCIAL STATEMENTS ARE RELEASED TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES: DEFINED BENEFIT PLAN NET GAIN $1,045,249 CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS $(228,740) TOTAL TO FORM 990, PART XI, LINE 9 $816,509 FORM 990, PART XII, LINE 1 ACCOUNTING METHOD USED TO PREPARE FORM 990: THE FORM 990 IS PREPARED ON AN ACCRUAL BASIS WITH THE EXCEPTION OF SCHEDULE B WHICH IS PREPARED ON A CASH BASIS. INDEPENDENT COLLEGES OF INDIANA 30 SOUTH MERIDIAN STREET INDIANAPOLIS IN 46204 310901001 EDU SUPPORT IN 501(C)(3) 12A TYPE I false ASSOC OF INDEPENDENT TECHNOLOGICAL UNIV 8 CLARKSON AVENUE POTSDAM NY 13699 203393428 EDU SUPPORT NY 501(C)(3) 12A TYPE I false CHARITABLE REMAINDER TRUSTS (5) 5500 WABASH AVENUE TERRE HAUTE IN 47803 TRUST IN TRUST false false false true false false false false false false false false false false false false false false false false