2015-05-13T13:00:26-05:00 2014-06-30 990 2013-07-01 201151703 RIT GLOBAL DELIVERY CORPORATION RITG 5854752383 5 Lomb Memorial Drive Rochester NY 146235603 JAMES H WATTERS VICE CHAIR/TREASURER 2015-05-13 2013 2016-03-07 17:11:31Z JAMES H WATTERS 7 Lomb Memorial Drive Rochester NY 146235603 5950818 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. 10 6 34 0 0 0 12132 5999 5024494 5943489 -2324 1014 0 0 5034302 5950502 255450 287311 0 0 4104228 4404431 0 0 0 2022448 2297308 6382126 6989050 -1347824 -1038548 3006727 1931453 3048595 3011869 -41868 -1080416 PROVIDE ADMINISTRATIVE AND OTHER SUPPORT SERVICES TO ACADEMIC PROGRAMS SPONSORED BY ROCHESTER INSTITUTE OF TECHNOLOGY BOTH IN THE UNITED STATES AND ABROAD. false false 5046832 287311 5943489 GLOBAL DELIVERY CORPORATION INTERNATIONALLY ADVANCES THE EDUCATIONAL MISSION OF ROCHESTER INSTITUTE OF TECHNOLOGY (RIT) BY COORDINATING THE DELIVERY OF RIT'S PROFESSIONAL AND CAREER-ORIENTED STRATEGIES IN COUNTRIES OUTSIDE THE UNITED STATES. 5046832 true false false false false false false false false 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 false true true true false false true 1 0 true 34 true false true HR false false false false X 10 6 true false false false false false false true false false true true true true true false false false false NY X X Lyn S Kelly 5854752383 7 Lomb Memorial Drive Rochester NY 146235603 JAMES G MILLER SECRETARY 0.10 40.00 X X 0 337621 40844 JAMES H WATTERS VICE CHAIR & TREASURER 0.10 40.00 X X 0 463778 84184 JEREMY A HAEFNER PRESIDENT 0.10 40.00 X X 0 438240 89829 NANCY FEIN CHAIR 0.10 0.10 X X 0 0 0 CHRISTINE B WHITMAN DIRECTOR 0.10 0.10 X 0 0 0 JAY T HOLMES DIRECTOR 0.10 0.10 X 0 0 0 RICHARD A KAPLAN DIRECTOR 0.10 0.10 X 0 0 0 ROBERT MOORE DIRECTOR 0.10 0.10 X 0 0 0 WILLEM APPELO DIRECTOR 0.10 0.10 X 0 0 0 WILLIAM W DESTLER DIRECTOR 0.10 40.00 X 0 833964 91023 0 2073603 305880 false true false TETRAO PRIMUS NIKOLE JURISCA 2A ZAGREB HR CONSULTING SERVICES 109083 1 5999 5999 TUITION 900099 4084858 4084858 EDUCATIONAL SUPPORT SERVICES 611710 1858631 1858631 0 0 0 0 0 0 0 5943489 1330 1330 0 0 0 0 0 316 0 -316 -316 -316 0 0 0 0 0 0 0 0 0 0 0 5950502 5943489 0 1014 0 0 287311 287311 0 0 0 2712478 1980663 731815 0 1642610 1252049 390561 49343 49343 0 52013 52013 39208 39208 0 0 0 384636 111460 273176 0 325953 325953 361672 287769 73903 17448 17448 0 469525 339050 130475 376046 221797 154249 0 527 315 212 0 0 218740 210266 8474 17993 2883 15110 CURRENCY LOSS 22252 16021 6231 SUPPORT STUDENT ORGANIZATION 10000 10000 1295 1295 0 0 6989050 5046832 1942218 0 0 1706982 1046669 951028 257617 0 0 0 0 7481 12590 2641174 2026597 341236 614577 0 0 0 0 0 0 3006727 1931453 244206 346817 188392 282976 0 0 2615997 2382076 3048595 3011869 X -41868 -1080416 -41868 -1080416 3006727 1931453 -1038548 0 X X false true X false false X X X false false false ROCHESTER INSTITUTE OF TECHNOLOGY 160743140 2 true true true 0 1 0 0 0 1629257 1598712 30545 1011917 427885 584032 0 614577 0 ROCHESTER INSTITUTE OF TECHNOLOGY INTERCOMPANY BALANCE-NET 2382076 2382076 X 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). EFFECTIVE JULY 1, 2007, THE UNIVERSITY ADOPTED ASC 740 ACCOUNTING FOR INCOME TAXES. AS A TAX-EXEMPT ORGANIZATION, THE UNIVERSITY HAS A LIMITED NUMBER OF TAX POSITIONS SUBJECT TO FIN 48, AND BELIEVES ITS TAX POSITIONS MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD IN ASC 740, AND AS SUCH, HAS INCLUDED THE EFFECTS OF THOSE TAX POSITIONS IN ITS FINANCIAL STATEMENTS. EUROPE (INCLUDING ICELAND AND GREENLAND) 3 93 PROGRAM SERVICES ACADEMIC INSTRUCTION 5984877 CENTRAL AMERICA AND THE CARIBBEAN 1 1 PROGRAM SERVICES ACADEMIC INSTRUCTION 55047 MIDDLE EAST AND NORTH AFRICA 1 12 PROGRAM SERVICES ACADEMIC INSTRUCTION 290772 5 106 6330696 SCHOLARSHIPS EUROPE (INCLUDING ICELAND AND GREENLAND) 250 285787 APPLIED AGAINST TUITION false false true false false true Schedule F, Part I, Line 3, Method 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 Schedule F, Part I, Line 3, Method 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 false false false false false false false JEREMY A HAEFNER PRESIDENT 0 420231 0 15632 0 2377 0 22950 0 66879 0 528069 0 0 JAMES G MILLER SECRETARY 0 324077 0 6373 0 7171 0 25500 0 15344 0 378465 0 0 JAMES H WATTERS VICE CHAIR & TREASURER 0 441633 0 15656 0 6489 0 25500 0 58684 0 547962 0 0 WILLIAM W DESTLER DIRECTOR 0 777066 0 47611 0 9287 0 22950 0 68073 0 924987 0 0 FORM 990, PART VI, LINE 2, FAMILY AND BUSINESS RELATIONSHIPS WILLIAM W. DESTLER, RICHARD A. KAPLAN, CHRISTINE B. WHITMAN AND JAMES H. WATTERS ARE DIRECTORS OF RIT GLOBAL DELIVERY CORPORATION. BUSINESS RELATIONSHIP - COMPLEMAR PARTNERS INC: CHRISTINE B. WHITMAN (CHAIR AND CEO); BUSINESS RELATIONSHIP - ONE STREAM NETWORKS, LLC: CHRISTINE B. WHITMAN (MANAGING MEMBER); BUSINESS RELATIONSHIP - TORVEC, INC: RICHARD A. KAPLAN (CEO), WILLIAM W. DESTLER (DIRECTOR); BUSINESS RELATIONSHIP - VNOMICS: RICHARD A. KAPLAN (DIRECTOR), JAMES H. WATTERS (DIRECTOR); BUSINESS RELATIONSHIP - VOICEPORT LLC: CHRISTINE B. WHITMAN (MANAGING MEMBER). Form 990, Part VI, Sec B, Line 11b, Review of form 990 by governing body PRIOR TO FILING FORM 990, IT WAS POSTED TO A SECURE WEBSITE FOR MEMBERS OF THE GOVERNING BODY. MANAGEMENT PROVIDED CONSTRUCTIVE NOTICE TO EACH MEMBER THAT THE RETURN WAS AVAILABLE ONLINE AND PROVIDED INSTRUCTIONS ON HOW TO ACCESS THE FORM BEFORE IT WAS FILED. Form 990, Part VI, Sec B, Line 12c, Conflict of interest policy GLOBAL DELIVERY CORPORATION (GDC) IS A CONTROLLED ENTITY OF ROCHESTER INSTITUTE OF TECHNOLOGY (RIT OR UNIVERSITY). NINE OF THE TEN 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 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 OFFICIAL: APPROVAL BY THE COMPENSATION COMMITTEE OF ROCHESTER INSTITUTE OF TECHNOLOGY'S BOARD OF TRUSTEES, AN INDEPENDENT COMPENSATION CONSULTANT, A WRITTEN EMPLOYMENT CONTRACT, AND A COMPENSATION SURVEY OR STUDY. Form 990, Part VI, Sec C, 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(FKA AMERICAN COLLEGE OF MANAGEMENT AND TECHNOLOGY) DON FRANA BULIKA 6 DUBROVNIK HR EDUCATIONAL PURPOSES HR 501(C)(3) 2 GLOBAL DELIVERY CORPORATION false ROCHESTER INSTITUTE OF TECHNOLOGY 7 LOMB MEMORIAL DRIVE ROCHESTER NY 14623 201151703 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 - Type II NA false RIT VENTURE FUND I LLC 5 LOMB MEMORIAL DRIVE ROCHESTER NY 14623 455183880 INVESTMENTS DE N/A RELATED false false false false false false false false false false false false false false false false false true false ROCHESTER INSTITUTE OF TECHNOLOGY S 197040 FAIR VALUE