2019-02-15T16:30:43-06:00 2018-06-30 990 2017-07-01 201151703 RIT Global Delivery Corporation RITG 5854752383 5 Lomb Memorial Drive Eastman-4000 Rochester NY 14623 James H Watters Vice Chair/Treasurer 2019-02-15 2017 2019-02-21 02:37:17Z James H Watters 7 Lomb Memorial Drive Rochester NY 146235603 8661191 false X www.rit.edu X 2004 NY PROVIDE ADMINISTRATIVE AND OTHER SUPPORT SERVICES TO ACADEMIC PROGRAMS SPONSORED BY ROCHESTER INSTITUTE OF TECHNOLOGY BOTH IN THE UNITED STATES AND ABROAD. 9 6 48 0 0 0 1124 0 7266285 8660565 290 -3775 0 7267699 8656790 567433 670026 0 4793771 5350770 0 0 2315387 2326008 7676591 8346804 -408892 309986 2815466 2416874 2545775 1837197 269691 579677 PROVIDE ADMINISTRATIVE AND OTHER SUPPORT SERVICES TO ACADEMIC PROGRAMS SPONSORED BY ROCHESTER INSTITUTE OF TECHNOLOGY BOTH IN THE UNITED STATES AND ABROAD. false false 6287487 670026 8660565 PROVIDE ADMINISTRATIVE AND OTHER SUPPORT SERVICES TO ACADEMIC PROGRAMS SPONSORED BY ROCHESTER INSTITUTE OF TECHNOLOGY BOTH IN THE UNITED STATES AND ABROAD. 6287487 true false false false false false false false false true true false false false true true false true false true true false true false false false false false false true false false false false false false false false false false false false true true true true false false true 4 0 true 48 true false true HR false false false false true false false false false false X 9 6 true false false false false false false true false false true true true true true true false false false NY X X Lyn Kelly 5854752383 7 Lomb Memorial Drive Rochester NY 146235603 JEREMY A HAEFNER PRESIDENT 0.1 40.0 X X 0 499138 68418 JAMES G MILLER SECRETARY 0.1 40.0 X X 0 376524 36450 JAMES H WATTERS VICE CHAIR AND TREASURER 0.1 40.0 X X 0 503327 46242 ROBERT W AUGUST DIRECTOR 0.1 0.1 X 0 0 0 DAVID J BURNS DIRECTOR 0.1 0.1 X 0 0 0 NANCY L FEIN DIRECTOR 0.1 0.1 X 0 0 0 DARSHAN N HIRANANDANI DIRECTOR 0.1 0.1 X 0 0 0 JAY T HOLMES DIRECTOR 0.1 0.1 X 0 0 0 RICHARD A KAPLAN DIRECTOR 0.1 0.1 X 0 0 0 DAVID C MUNSON DIRECTOR 0.1 40.0 X 0 406071 61971 CHRISTINE B WHITMAN DIRECTOR 0.1 0.1 X 0 0 0 0 1785060 213081 0 false true false 0 0 TUITION 900099 5867265 5867265 EDUCATIONAL SUPPORT SERVICES 611710 2793300 2793300 0 0 0 0 0 8660565 626 626 0 0 4401 0 -4401 -4401 -4401 0 0 0 0 0 8656790 8660565 0 -3775 670026 670026 3518149 2544593 973556 1764139 1392850 371289 68482 68482 25034 25034 61180 61180 293149 143050 150099 0 251665 251665 247743 184925 62818 37232 37232 798271 601098 197173 530585 387870 142715 3011 3011 -5083 -5083 222514 215634 6880 26269 11844 14425 Faculty Led Study Abroad 104875 104875 Maintenance & Repairs 63598 63598 Currency Loss 30777 23175 7602 Expense Recoveries from Affiliates -415228 -337476 -77752 50416 31832 18584 0 8346804 6287487 2059317 0 1869468 1380421 122812 129342 0 0 109178 36196 3544223 2673308 714008 870915 0 0 0 0 2815466 2416874 341128 342958 1254583 1424399 0 950064 69840 2545775 1837197 X 267340 578304 2351 1373 0 269691 579677 2815466 2416874 309986 0 X false true X false false X X X 1 ROCHESTER INSTITUTE OF TECHNOLOGY 160743140 2 true 0 0 1 0 0 true false false false false false false false false false false false false false false true false 0 25000 -101 24899 0 0 0 0 0 0 0 0 1.0 0.0 0.0 false true true 1997323 1652887 344436 1546900 1020421 526479 870915 DUE TO ROCHESTER INSTITUTE OF TECHNOLOGY 69840 69840 X Schedule D, Part V, Line 4 Intended uses of endowment funds Supporting delivery of programs through RIT Global Delivery Corporation. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Financial Statements of RIT Global Delivery Corporation are reported on a consolidated basis with its controlling organization, Rochester Institute of Technology (RIT or University). THE UNIVERSITY AND ITS CONSOLIDATED U.S. SUBSIDIARIES, EXCEPT FOR VENTURE FUND I, LLC (FUND I), ARE NOT-FOR-PROFIT ORGANIZATIONS, AND GENERALLY EXEMPT FROM INCOME TAXES ON RELATED INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) BUT ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX ON ACTIVITIES NOT RELATED TO THEIR EXEMPT PURPOSES. FUND I, A LIMITED LIABILITY COMPANY OF WHICH RIT IS THE INVESTOR MEMBER, IS CLASSIFIED AS A DISREGARDED ENTITY FOR FEDERAL INCOME TAX PURPOSES. AS OF NOVEMBER 2017, RIT CROATIA WAS NO LONGER SUBJECT TO THE ASSESSMENT OF CORPORATE PROFIT TAX IN CROATIA AND IN MARCH 2018, RIT CROATIA WAS RE-ENTERED INTO THE CROATIAN MINISTRY OF FINANCE NON-PROFIT REGISTRY.THE ACCOUNTING FOR INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (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. Europe (Including Iceland and Greenland) 3 119 Program Services ACADEMIC INSTRUCTION 6607286 Middle East and North Africa 1 12 Program Services ACADEMIC INSTRUCTION 313584 East Asia and the Pacific 2 18 Program Services ACADEMIC INSTRUCTION 873481 6 149 0 0 6 149 7794351 0 7794351 SCHOLARSHIPS Europe (Including Iceland and Greenland) 491 670026 APPLIED AGAINST TUITION false false true false false true Schedule F, Part I, Line 3 The 990 tax software for IRS Form 990, Sch F, Part 1, Line 3, column c form does not currently allow for the removal of duplicate counts of employees that provide services to several areas listed in Sch F, Part I, Line 3. The total should be reduced by 4. false false false false false false false JEREMY A HAEFNER PRESIDENT 0 471322 0 18852 0 8964 0 24300 0 44118 0 567556 0 0 JAMES G MILLER SECRETARY 0 361252 0 8419 0 6853 0 27000 0 9450 0 412974 0 0 JAMES H WATTERS VICE CHAIR AND TREASURER 0 477051 0 18880 0 7396 0 27000 0 19242 0 549569 0 0 DAVID C MUNSON DIRECTOR 0 361300 0 8325 0 36446 0 24300 0 37671 0 468042 0 0 Form 990, Part VI, Line 2 FAMILY AND BUSINESS RELATIONSHIPS RICHARD A KAPLAN AND JAMES H WATTERS ARE DIRECTORS OF RIT GLOBAL DELIVERY CORPORATION. BUSINESS RELATIONSHIP - VNOMICS: RICHARD A KAPLAN (DIRECTOR), JAMES H WATTERS (DIRECTOR). BUSINESS RELATIONSHIP - VIGGI CORP: RICHARD A KAPLAN (BOARD CHAIRMAN), JAMES H WATTERS (BOARD MEMBER). Form 990, Part VI, Line 15 PROCESS USED TO ESTABLISH COMPENSATION THE TOP MANAGEMENT OFFICIAL AND OFFICERS OF GLOBAL DELIVERY CORPORATION ARE COMPENSATED BY ROCHESTER INSTITUTE OF TECHNOLOGY, A RELATED ORGANIZATION. ROCHESTER INSTITUTE OF TECHNOLOGY UTILIZES THE FOLLOWING IN DETERMINING THE COMPENSATION OF THE TOP MANAGEMENT OFFICIALS: THE EXECUTIVE COMPENSATION SUBCOMMITTEE 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 SUBCOMMITTEE 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 SUBCOMMITTEE AND PROVIDE IT WITH AN EVALUATION OF THE PRESIDENT AND A PROPOSAL FOR THE PRESIDENT'S COMPENSATION. BIENNIALLY THE EXECUTIVE COMPENSATION SUBCOMMITTEE 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 11b Review of form 990 by governing body PRIOR TO FILING THE THE FORM 990, IT WAS MADE AVAILABLE TO THE GOVERNING BODY FOR THEIR REVIEW VIA A SECURE WEBSITE. MANAGEMENT PROVIDED CONSTRUCTIVE NOTICE TO EACH MEMBER THAT THE RETURN WAS AVAILABLE ONLINE AND PROVIDED INSTRUCTIONS ON HOW TO ACCESS THE FORM. A BRIEF OVERVIEW OF THE RETURN WAS ALSO MADE AVAILABLE TO THE MEMBERS DURING THEIR MEETING AND TIME WAS ALLOTTED FOR QUESTIONS. Form 990, Part VI, Line 12c Conflict of interest policy GLOBAL DELIVERY CORPORATION (GDC) IS A CONTROLLED ENTITY OF ROCHESTER INSTITUTE OF TECHNOLOGY (RIT OR UNIVERSITY). ALL MEMBERS OF THE GOVERNING BODY ARE ALSO EITHER A TRUSTEE OR OFFICER OF RIT, WHICH ALSO HAS A WRITTEN CONFLICT OF INTEREST POLICY. THE PRACTICES OF GDC LARGELY MIRROR THOSE OF RIT. MANAGEMENT CONTACTED THE REMAINING MEMBERS TO DETERMINE IF ANY CONFLICT OF INTEREST EXISTED. BELOW IS A DESCRIPTION OF RIT'S WRITTEN 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 CONFLICT OF INTEREST SUBCOMMITTEE 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 TO THE UNIVERSITY AND THE ARRANGEMENTS ARE CONSISTENT WITH THE BEST INTERESTS OF THE UNIVERSITY. IN ANY EVENT, SUCH MEMBERS WILL NEITHER VOTE, NOR DISCHARGE HIS/HER 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 CONFLICT OF INTEREST CONFLICT OF 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 19 Required documents available to the public THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF ROCHESTER INSTITUTE OF TECHNOLOGY (RIT OR UNIVERSITY), THE PARENT ORGANIZATION OF GLOBAL DELIVERY CORPORATION, ARE AVAILABLE AT THE UNIVERSITY'S WEBSITE AT WWW.RIT.EDU. OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part XII, Line 2c CONSOLIDATED FINANCIAL STATEMENTS THE FINANCIAL STATEMENTS OF RIT GLOBAL DELIVERY CORPORATION ARE CONSOLIDATED WITH THE STATEMENTS OF POSITION AND ACTIVITIES OF ROCHESTER INSTITUTE OF TECHNOLOGY (RIT OR UNIVERSITY). THE AUDIT COMMITTEE OF RIT'S BOARD OF TRUSTEES HAS RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE CONSOLIDATED FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. RIT CROATIA EDUCATIONAL PURPOSES HR 6062326 1784406 RIT GDC ROCHESTER INSTITUTE OF TECHNOLOGY 46 LOMB MEMORIAL DRIVE ROCHESTER NY 14623 160743140 EDUCATIONAL PURPOSES NY 501(c)(3) 2 NA 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 false false false false false false false false false false false false false false false false false true false