ROCHESTER INSTITUTE OF TECHNOLOGY: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
ROCHESTER INSTITUTE OF TECHNOLOGY (EIN 16-0743140)
Tax period
2012-07-01 to 2013-06-30
Filed
2014-05-14
IRS object ID
201411349349302481
Schema version
2012v2.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2014-05-14T10:00:25-05:00Timestamp
Tax Period End Date2013-06-30TaxPeriodEndDate
Return Type990ReturnType
Tax Period Begin Date2012-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN160743140EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1ROCHESTER INSTITUTE OF TECHNOLOGYBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlROCHNameControl
Phone5854752383Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line17 Lomb Memorial DriveAddressLine1
CityRochesterCity
StateNYState
ZIP Code146235603ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameJAMES H WATTERSName
TitleSR VP FINANCE & ADMINISTRATIONTitle
Date Signed2014-05-13DateSigned
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2015-11-30 17:44:51ZBuildTS

Form 990 IRS990

Name Of Principal Officer Business NameOfPrincipalOfficerBusiness

FieldValueIRS element (for citing)
Business Name Line1WILLIAM DESTLERBusinessNameLine1

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line17 Lomb Memorial DriveAddressLine1
CityRochesterCity
StateNYState
ZIP Code146235603ZIPCode
FieldValueIRS element (for citing)
Gross Receipts839141242GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteWWW.RIT.EDUWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1829YearFormation
State Legal DomicileNYStateLegalDomicile
Activity Or Mission DescriptionRIT'S MISSION IS TO PROVIDE A BROAD RANGE OF CAREER-ORIENTED EDUCATIONAL PROGRAMS WITH THE GOAL OF PRODUCING INNOVATIVE, CREATIVE GRADUATES WHO ARE WELL-PREPARED FOR THEIR CHOSEN CAREERS IN A GLOBAL SOCIETY.ActivityOrMissionDescription
Nbr Voting Members Governing Body56NbrVotingMembersGoverningBody
Nbr Independent Voting Members52NbrIndependentVotingMembers
Total Nbr Employees12356TotalNbrEmployees
Total Nbr Volunteers3400TotalNbrVolunteers
Total Gross UBI5066916TotalGrossUBI
Net Unrelated Business Txbl Income-1510826NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year133615147ContributionsGrantsPriorYear
Contributions Grants Current Year122862530ContributionsGrantsCurrentYear
Program Service Revenue Prior Year470360956ProgramServiceRevenuePriorYear
Program Service Revenue CY495271400ProgramServiceRevenueCY
Investment Income Prior Year46724958InvestmentIncomePriorYear
Investment Income Current Year32222476InvestmentIncomeCurrentYear
Other Revenue Prior Year9226456OtherRevenuePriorYear
Other Revenue Current Year11236733OtherRevenueCurrentYear
Total Revenue Prior Year659927517TotalRevenuePriorYear
Total Revenue Current Year661593139TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year139791948GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY150390728GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year311251659SalariesEtcPriorYear
Salaries Etc Current Year320731732SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year8771207TotalFundrsngExpCurrentYear
Other Expense Prior Year158840317OtherExpensePriorYear
Other Expenses Current Year165778660OtherExpensesCurrentYear
Total Expenses Prior Year609883924TotalExpensesPriorYear
Total Expenses Current Year636901120TotalExpensesCurrentYear
Revenues Less Expenses Prior Year50043593RevenuesLessExpensesPriorYear
Revenues Less Expenses CY24692019RevenuesLessExpensesCY
Total Assets BOY1490565991TotalAssetsBOY
Total Assets EOY1603679040TotalAssetsEOY
Total Liabilities BOY485079509TotalLiabilitiesBOY
Total Liabilities EOY543810199TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY1005486482NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY1059868841NetAssetsOrFundBalancesEOY
Mission DescriptionRIT'S MISSION IS TO PROVIDE A BROAD RANGE OF CAREER-ORIENTED EDUCATIONAL PROGRAMS WITH THE GOAL OF PRODUCING INNOVATIVE, CREATIVE GRADUATES WHO ARE WELL-PREPARED FOR THEIR CHOSEN CAREERS IN A GLOBAL SOCIETY.MissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangefalseSignificantChange
Expense427157433Expense
Grants146657188Grants
Revenue408982626Revenue
DescriptionINSTRUCTION AND ACADEMIC SUPPORT - ESTABLISHED IN 1829, RIT IS A PRIVATE COEDUCATIONAL UNIVERSITY LOCATED IN UPSTATE NEW YORK, WITH APPROXIMATELY 17,950 FULL AND PART-TIME UNDERGRADUATE AND GRADUATE STUDENTS. RIT IS COMPRISED OF NINE COLLEGES OFFERING MORE THAN 200 GRADUATE AND UNDERGRADUATE PROGRAMS. NTID (NATIONAL TECHNICAL INSTITUTE FOR THE DEAF), ONE OF RIT'S COLLEGES, IS THE WORLD'S FIRST AND LARGEST TECHNICAL COLLEGE FOR DEAF STUDENTS WITH APPROXIMATELY 1,529 STUDENTS FROM THE UNITED STATES AND ABROAD. FOR THE PAST 20 YEARS, US NEWS AND WORLD REPORT HAS RANKED RIT FIRST OR SECOND IN ACADEMIC REPUTATION AMONG REGIONAL UNIVERSITIES IN THE NORTH. OVER THE PRECEDING 10 YEARS, TOTAL FALL ENROLLMENT HAS INCREASED 2,509 FULL TIME EQUIVALENTS (FTES) OR 20.4% FROM 12,322 IN 2002 TO 14,831 IN 2012. TOTAL SCHOLARSHIPS INCREASED 8.1% OVER THE PRIOR YEAR AND INSTITUTIONALLY FUNDED SCHOLARSHIPS INCREASED BY 8.0% OVER THE PRIOR YEAR.Description

Activity2 Activity2

FieldValueIRS element (for citing)
Expense116078056Expense
Grants41586Grants
Revenue81097790Revenue
DescriptionSTUDENT AND AUXILIARY SERVICES - STUDENT SERVICES PROVIDE STUDENTS WITH ADDITIONAL ENRICHMENT AND EDUCATIONAL OPPORTUNITIES. SUCH SERVICES INCLUDE ATHLETICS, STUDENT HEALTH AND ADMISSIONS. AUXILIARIES PROVIDE ESSENTIAL SERVICES TO STUDENTS IN SUPPORT OF RIT'S EDUCATIONAL MISSION. THESE SERVICES INCLUDE HOUSING OPERATIONS AND DINING SERVICES. SALES & SERVICES OF AUXILIARY ENTERPRISES GENERATED TOTAL REVENUE OF $74.3 MILLION, AN INCREASE OF $5.3 MILLION OVER THE PRIOR YEAR. SURPLUSES FROM AUXILIARY OPERATIONS SUPPORT THE OPERATING BUDGET OF THE UNIVERSITY.Description

Activity3 Activity3

FieldValueIRS element (for citing)
Expense40713575Expense
Grants3691954Grants
Revenue5190984Revenue
DescriptionRESEARCH AND PUBLIC SUPPORT - RIT ENGAGES IN PUBLIC SERVICE ACTIVITIES THAT BENEFIT THE GENERAL COMMUNITY, IN WHICH IT RESIDES, INCLUDING TRAINING, POSTSECONDARY EDUCATION FOR 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 OUR 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.Description
FieldValueIRS element (for citing)
Total Program Service Expense583949064TotalProgramServiceExpense
Described In501 C3trueDescribedIn501C3
Schedule B RequiredfalseScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Lobbying ActivitiestrueLobbyingActivities
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementstrueConservationEasements
Collections Of ArttrueCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentstrueTermOrPermanentEndowments
Report Land Bldg EquiptrueReportLandBldgEquip
Report Invest Oth SecuritiestrueReportInvestOthSecurities
Report Prog Rel InvestfalseReportProgRelInvest
Report Other AssetsfalseReportOtherAssets
Report Other LiabilitiestrueReportOtherLiabilities
Report Fin48 FootnotetrueReportFin48Footnote
Independent Audit Financial StmtfalseIndependentAuditFinancialStmt
Consolidated Audit Financial StmttrueConsolidatedAuditFinancialStmt
SchooltrueSchool
Foreign OfficefalseForeignOffice
Foreign ActivitiestrueForeignActivities
More Than5000 K To OrganizationsfalseMoreThan5000KToOrganizations
More Than5000 K To IndividualsfalseMoreThan5000KToIndividuals
Professional FundraisingfalseProfessionalFundraising
Fundraising ActivitiestrueFundraisingActivities
GamingfalseGaming
HospitalfalseHospital
Grants To OrganizationstrueGrantsToOrganizations
Grants To IndividualstrueGrantsToIndividuals
Schedule J RequiredtrueScheduleJRequired
Tax Exempt BondstrueTaxExemptBonds
Invest Tax Exempt BondsfalseInvestTaxExemptBonds
Escrow AccountfalseEscrowAccount
On Behalf Of IssuerfalseOnBehalfOfIssuer
Excess Benefit TransactionfalseExcessBenefitTransaction
Prior Excess Benefit TransactionfalsePriorExcessBenefitTransaction
Loan To Officer Or DQPfalseLoanToOfficerOrDQP
Grant To Related PersonfalseGrantToRelatedPerson
Bsnss Rltnshp With OrganizationfalseBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MembertrueBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshptrueOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionstrueDeductibleNonCashContributions
Deductible Contributions Of ArttrueDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntitytrueDisregardedEntity
Related EntitytrueRelatedEntity
Related Org Controlled EntitytrueRelatedOrgControlledEntity
Transaction Related EntitytrueTransactionRelatedEntity
Transfers To Exempt Non Chrtbl OrgfalseTransfersToExemptNonChrtblOrg
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredtrueScheduleORequired
Number Forms Transmitted With10961002NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup WitholdingtrueComplianceWithBackupWitholding
Number Of Employees12356NumberOfEmployees
Employment Tax Returns FiledtrueEmploymentTaxReturnsFiled
Unrelated Business IncometrueUnrelatedBusinessIncome
Form990-T FiledtrueForm990-TFiled
Foreign Financial AccounttrueForeignFinancialAccount
Name Of Foreign CountryHRNameOfForeignCountry
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Non Deductible ContributionsfalseNonDeductibleContributions
Quid Pro Quo ContributionstrueQuidProQuoContributions
Quid Pro Quo DisclosuretrueQuidProQuoDisclosure
Form8282 Property Disposed OffalseForm8282PropertyDisposedOf
Funds To Pay PremiumsfalseFundsToPayPremiums
Premiums PaidfalsePremiumsPaid
Indoor Tanning ServicesfalseIndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members56NbrVotingGoverningBodyMembers
Number Independent Voting Members52NumberIndependentVotingMembers
Family Or Business RelationshiptrueFamilyOrBusinessRelationship
Delegation Of Management DutiesfalseDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholdersfalseMembersOrStockholders
Election Of Board MembersfalseElectionOfBoardMembers
Decisions Subject To ApprovalfalseDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteestrueMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChaptersfalseLocalChapters
Form990 Provided To Governing BodytrueForm990ProvidedToGoverningBody
Conflict Of Interest PolicytrueConflictOfInterestPolicy
Annual Disclosure Covered PersonstrueAnnualDisclosureCoveredPersons
Regular Monitoring EnforcementtrueRegularMonitoringEnforcement
Whistleblower PolicytrueWhistleblowerPolicy
Document Retention PolicytrueDocumentRetentionPolicy
Compensation Process CEOtrueCompensationProcessCEO
Compensation Process OthertrueCompensationProcessOther
Investment In Joint VenturefalseInvestmentInJointVenture
States Where Copy Of Return Is FiledCAStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledNYStatesWhereCopyOfReturnIsFiled
Other WebsiteXOtherWebsite
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1Lyn KellyBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number5854752383TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line17 Lomb Memorial DriveAddressLine1
CityRochesterCity
StateNYState
ZIP Code146235603ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (73 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekAverage Hours Per Week RelatedAverageHoursPerWeekRelatedIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationHighest Compensated EmployeeHighestCompensatedEmployee
WILLIAM W DESTLER
PRESIDENT40.000.10XX808011089535
ANDREW N BRENNEMAN
TRUSTEE0.10X000
ANN L BURR
TRUSTEE0.10X000
ANNE M SEVIER-BUCKINGHAM
TRUSTEE0.10X000
ARTHUR A GOSNELL
TRUSTEE0.10X000
B THOMAS GOLISANO
TRUSTEE0.10X000
BRIAN H HALL
TRUSTEE0.10X000
BRIAN P O'SHAUGHNESSY
TRUSTEE0.10X000
BROOKS H BOWER
TRUSTEE0.10X000
CARL E SASSANO
TRUSTEE0.10X000
CHARLES S BROWN JR
TRUSTEE0.10X000
CHESTER N WATSON
TRUSTEE0.10X000
CHRISTINE B WHITMAN
TRUSTEE0.100.10X000
DAVID J BURNS
TRUSTEE0.10X000
DONALD J TRUESDALE
TRUSTEE0.10X000
DONALD N BOYCE
TRUSTEE0.10X000
ESSIE L CALHOUN-MCDAVID
TRUSTEE0.10X000
FRANK S HERMANCE
TRUSTEE0.10X000
FRANK S SKLARSKY
TRUSTEE0.10X000
GARY J LINDSAY
TRUSTEE0.10X000
GERARD Q PIERCE
TRUSTEE0.10X000
HAROLD M MOWL JR
TRUSTEE0.10X000
HARRY P TRUEHEART III
TRUSTEE0.10X000
JANET F SANSONE
TRUSTEE0.10X000
JAY T HOLMES
TRUSTEE0.100.10X000
JEFFREY K HARRIS
TRUSTEE0.10X000
JOSEPH M LOBOZZO II
TRUSTEE0.10X000
JOYCE B KLEMMER
TRUSTEE0.10X000
JUDY B VON BUCHER
TRUSTEE0.10X000
KATHLEEN C ANDERSON
TRUSTEE0.10X000
KEVIN J SURACE
TRUSTEE0.10X000
KIM E VANGELDER
TRUSTEE0.10X000
KRAIG H KAYSER
TRUSTEE0.10X000
MARK C CLEMENT
TRUSTEE0.10X000
NANCY L FEIN
TRUSTEE0.100.10X000
RICARDO A VENEGAS
TRUSTEE0.10X000
RICHARD A KAPLAN
TRUSTEE0.100.10X000
RICHARD E SANDS
TRUSTEE0.10X000
ROBERT D MOORE JR
TRUSTEE0.100.10X000
ROBERT D WAYLAND-SMITH
TRUSTEE0.10X000
ROBERT DOBIES
TRUSTEE0.10X000
ROBERT W RICE
TRUSTEE0.10X000
RONALD L ZARRELLA
TRUSTEE0.10X000
ROOSEVELT MERCER JR
TRUSTEE0.10X000
SAMUEL T HUBBARD JR
TRUSTEE0.10X000
SANDRA A PARKER
TRUSTEE0.10X000
SHARON TING
TRUSTEE0.10X000
STEPHEN L SCHULTZ
TRUSTEE0.10X000
SUSAN J RILEY
TRUSTEE0.10X000
SUSAN M PUGLIA
TRUSTEE0.10X000
SUSAN R HOLLIDAY
TRUSTEE0.10X000
THOMAS F JUDSON JR
TRUSTEE0.10X000
THOMAS S RICHARDS
TRUSTEE0.10X000
WILLEM APPELO
TRUSTEE0.100.10X000
WILLIAM A BUCKINGHAM
TRUSTEE0.10X000
WOLFGANG PFIZENMAIER
TRUSTEE0.10X000
DANIEL ORNT
VP AND DEAN OF INST OF HEALTH SCIENCES AND TECH40.00X385062029814
DEBORAH M STENDARDI
VP GOVT AND COMMUNITY RELATIONS40.00X228123040308
GERARD BUCKLEY
PRESIDENT NTID, VP AND DEAN RIT40.00X279483064937
JAMES G MILLER
SVP ENROLLMENT MGMT AND CAREER SVCS40.000.10X329612039375
JAMES H WATTERS
SVP FINANCE AND ADMINISTRATION40.000.10X429929081196
JEREMY A HAEFNER
PROVOST AND SVP ACADEMIC AFFAIRS40.000.10X421315094531
KAREN A BARROWS
SECRETARY OF THE INST AND CHIEF OF STAFF40.00X110697019258
KATHERINE J MAYBERRY
VP FOR STRATEGIC PLANNING AND SPECIAL INITIATIVES40.00X220018036165
KEVIN MCDONALD
VP AND ASSOC PROVOST FOR DIVERSITY AND INCLUSION40.00X222432077447
LISA A CAUDA
VP DEVELOPMENT AND ALUMNI RELATIONS40.00X277136037521
MARY-BETH A COOPER
SVP STUDENT AFFAIRS40.00X256948042428
RYNE RAFFAELLE
VP FOR RESEARCH AND ASSOC PROVOST40.00X249177052071
ANDREW SEARS
DEAN GCCIS40.00277995051619X
DONALD F FIGER
PROF AND DIR CENTER FOR DETECTORS40.00261112035263X
DONALD O BAKER
EXEC DIR CENTER FOR QUALITY AND APPL STATISTICS40.00247007023970X
JOHN R SCHOTT
WIEDMAN CHAIR AND PROFESSOR40.00248002040202X
NABIL Z NASR
ASST PROVOST, DIR GOLISANO INST OF SUSTAINABILITY40.00379455045163X
FieldValueIRS element (for citing)
Total Reportable Comp From Org5631514TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation900803TotalOtherCompensation
Number Individuals GT100 K431NumberIndividualsGT100K
Formers ListedfalseFormersListed
Total Comp GT150 KtrueTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1CityAddressOfContractor/AddressUS/CityStateAddressOfContractor/AddressUS/StateZIP CodeAddressOfContractor/AddressUS/ZIPCodeDescription Of ServicesDescriptionOfServicesCompensationCompensation
WILJEFF LLC
1265 SCOTTSVILLE RDROCHESTERNY14624RENT802363
DDS CONSTRUCTORS LLC
240 COMMERCE DRIVEROCHESTERNY14623LAND DEVELOPMENT705572
SIMPLEXGRINNELL LP
90 GOODWAY DRIVEROCHESTERNY14623FIRE SAFETY - SPRINKLER SYSTEM580051
HBT ARCHITECTS LLP
16 SOUTH MAIN STPITTSFORDNY14534ARCHITECTURAL SERVICES378887
LECLAIRRYAN
951 EAST BYRD STRICHMONDVA23219LEGAL SERVICES314945
FieldValueIRS element (for citing)
Number Of Contractors GT100 K15NumberOfContractorsGT100K
Fundraising Events27411FundraisingEvents
Government Grants99028090GovernmentGrants
All Other Contributions23807029AllOtherContributions
Noncash Contributions5871369NoncashContributions
Total Contributions122862530TotalContributions

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncomeExclusionExclusionAmountUnrelated Business RevenueUnrelatedBusinessRevenue
TUITION900099413554531413554531
AUXILIARY SERVICES72100064999858$64,999,858
RESEARCH9000992322076$1,910,807411269
NONCREDIT INSTRUCTION90009940110504011050
FEES7139901873275$1,873,275

Total Oth Program Service Revenue TotalOthProgramServiceRevenue

FieldValueIRS element (for citing)
Total Revenue Column8510610TotalRevenueColumn
Related Or Exempt Function Income6796363RelatedOrExemptFunctionIncome
Unrelated Business Revenue345073UnrelatedBusinessRevenue
Exclusion$1,369,174ExclusionAmount
FieldValueIRS element (for citing)
Total Program Service Revenue495271400TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column11767953TotalRevenueColumn
Unrelated Business Revenue-190722UnrelatedBusinessRevenue
Exclusion$11,958,675ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

FieldValueIRS element (for citing)
Total Revenue Column484587TotalRevenueColumn
Exclusion$484,587ExclusionAmount

Royalties Revenue RoyaltiesRevenue

FieldValueIRS element (for citing)
Total Revenue Column367550TotalRevenueColumn
Exclusion$367,550ExclusionAmount

Gross Rents GrossRents

FieldValueIRS element (for citing)
Real517142Real

Less Rental Expenses LessRentalExpenses

FieldValueIRS element (for citing)
Real266547Real

Rental Income Or Loss RentalIncomeOrLoss

FieldValueIRS element (for citing)
Real250595Real
Personal0Personal

Net Rental Income Or Loss NetRentalIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column250595TotalRevenueColumn
Related Or Exempt Function Income11395RelatedOrExemptFunctionIncome
Exclusion$239,200ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Securities197154588Securities
Other38001Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Securities174282886Securities
Other2939767Other

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Securities22871702Securities
Other-2901766Other

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column19969936TotalRevenueColumn
Exclusion$19,969,936ExclusionAmount
FieldValueIRS element (for citing)
Gross Income Fundraising Events35066GrossIncomeFundraisingEvents
Cntrbtns Rprtd Fundraising Events27411CntrbtnsRprtdFundraisingEvents
Fundraising Direct Expenses58903FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

FieldValueIRS element (for citing)
Total Revenue Column-23837TotalRevenueColumn
Exclusion-$23,837ExclusionAmount

Net Income From Gaming NetIncomeFromGaming

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Income Or Loss NetIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Other Revenue Misc OtherRevenueMisc (3 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnUnrelated Business RevenueUnrelatedBusinessRevenueExclusionExclusionAmount
RIT INN AND CONFERENCE CENTER72111039815283981528
BOOKSTORE COMMISSIONS451211971660$971,660
MARGARET'S HOUSE624410765357$765,357

Miscellaneous Revenue MiscellaneousRevenue

FieldValueIRS element (for citing)
Total Revenue Column4923880TotalRevenueColumn
Related Or Exempt Function Income4363094RelatedOrExemptFunctionIncome
Unrelated Business Revenue519768UnrelatedBusinessRevenue
Exclusion$41,018ExclusionAmount
FieldValueIRS element (for citing)
Total Other Revenue10642425TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column661593139TotalRevenueColumn
Related Or Exempt Function Income428736433RelatedOrExemptFunctionIncome
Unrelated Business Revenue5066916UnrelatedBusinessRevenue
Exclusion$104,927,260ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total366660Total
Program Services366660ProgramServices

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total150024068Total
Program Services150024068ProgramServices

Foreign Grants ForeignGrants

FieldValueIRS element (for citing)
Total0Total

Benefits To Members BenefitsToMembers

FieldValueIRS element (for citing)
Total0Total

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total4373119Total
Program Services1374963ProgramServices
Management And General2329962ManagementAndGeneral
Fundraising668194Fundraising

Comp Disqual Persons CompDisqualPersons

FieldValueIRS element (for citing)
Total0Total

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total241693933Total
Program Services218307539ProgramServices
Management And General18694961ManagementAndGeneral
Fundraising4691433Fundraising

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total18578072Total
Program Services16485991ProgramServices
Management And General1751732ManagementAndGeneral
Fundraising340349Fundraising

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total39743401Total
Program Services35830186ProgramServices
Management And General2084812ManagementAndGeneral
Fundraising1828403Fundraising

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total16343207Total
Program Services14502795ProgramServices
Management And General1541006ManagementAndGeneral
Fundraising299406Fundraising

Fees For Services Management FeesForServicesManagement

FieldValueIRS element (for citing)
Total333080Total
Program Services140913ProgramServices
Management And General192167ManagementAndGeneral

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total1022839Total
Program Services259234ProgramServices
Management And General737569ManagementAndGeneral
Fundraising26036Fundraising

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total266407Total
Program Services1257ProgramServices
Management And General265150ManagementAndGeneral

Fees For Services Lobbying FeesForServicesLobbying

FieldValueIRS element (for citing)
Total350490Total
Management And General336171ManagementAndGeneral
Fundraising14319Fundraising

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total0Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

FieldValueIRS element (for citing)
Total181175Total
Management And General181175ManagementAndGeneral

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total29887814Total
Program Services25814761ProgramServices
Management And General4006938ManagementAndGeneral
Fundraising66115Fundraising

Advertising Advertising

FieldValueIRS element (for citing)
Total924722Total
Program Services877248ProgramServices
Management And General32873ManagementAndGeneral
Fundraising14601Fundraising

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total37360641Total
Program Services33629171ProgramServices
Management And General3423882ManagementAndGeneral
Fundraising307588Fundraising

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total5786718Total
Program Services5314180ProgramServices
Management And General391387ManagementAndGeneral
Fundraising81151Fundraising

Royalties Royalties

FieldValueIRS element (for citing)
Total26044Total
Program Services26044ProgramServices

Occupancy Occupancy

FieldValueIRS element (for citing)
Total11648069Total
Program Services11104818ProgramServices
Management And General543251ManagementAndGeneral

Travel Travel

FieldValueIRS element (for citing)
Total11357044Total
Program Services9903105ProgramServices
Management And General1067978ManagementAndGeneral
Fundraising385961Fundraising

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

FieldValueIRS element (for citing)
Total0Total

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total3015Total
Program Services3015ProgramServices

Interest Interest

FieldValueIRS element (for citing)
Total9209286Total
Program Services8745096ProgramServices
Management And General464190ManagementAndGeneral

Payments To Affiliates PaymentsToAffiliates

FieldValueIRS element (for citing)
Total0Total

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total34552361Total
Program Services31479990ProgramServices
Management And General3072371ManagementAndGeneral

Insurance Insurance

FieldValueIRS element (for citing)
Total1612554Total
Program Services1538683ProgramServices
Management And General73871ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneralFundraisingFundraising
LOSS ON EARLY EXTINGUISHMENT OF DEBT24346768231927311154037
POSTRETIREMENT BENEFITS FAS 106-8177441-7256578-903993-16870
GAIN ON PROPERTY ACQUISITION-6921923-6593824-328099
ASSET RETIREMENT OBLIGATIONS37135373537515176022

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total8295460Total
Program Services5339503ProgramServices
Management And General2891436ManagementAndGeneral
Fundraising64521Fundraising

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total636901120Total
Program Services583949064ProgramServices
Management And General44180849ManagementAndGeneral
Fundraising8771207Fundraising

Total Joint Costs TotalJointCosts

FieldValueIRS element (for citing)
Total0Total

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY18417483BOY
EOY6009741EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY34671972BOY
EOY59423228EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

FieldValueIRS element (for citing)
BOY40729046BOY
EOY32210888EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY59402124BOY
EOY61180211EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

FieldValueIRS element (for citing)
EOY0EOY

Receivables From Disqual Persons ReceivablesFromDisqualPersons

FieldValueIRS element (for citing)
EOY0EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

FieldValueIRS element (for citing)
BOY1922401BOY
EOY1499756EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY6194082BOY
EOY8603897EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis1016470836LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec398354278LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY580858133BOY
EOY618116558EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY317832095BOY
EOY331891033EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY427687458BOY
EOY479901354EOY

Investments Program Related InvestmentsProgramRelated

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY2851197BOY
EOY4842374EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY1490565991BOY
EOY1603679040EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY54800977BOY
EOY45611544EOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY26382322BOY
EOY22688143EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

FieldValueIRS element (for citing)
BOY222912046BOY
EOY297450507EOY

Loans From Officers Directors LoansFromOfficersDirectors

FieldValueIRS element (for citing)
EOY0EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY180984164BOY
EOY178060005EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY485079509BOY
EOY543810199EOY

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY659256194BOY
EOY701485239EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY213088798BOY
EOY220303251EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY133141490BOY
EOY138080351EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY1005486482BOY
EOY1059868841EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY1490565991BOY
EOY1603679040EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses24692019ReconcilationRevenueExpenses
Reconciliation Unrealized Invest29690340ReconciliationUnrealizedInvest
Reconcilation Other Changes0ReconcilationOtherChanges
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or ReviewfalseAccountantCompileOrReview
FS AuditedtrueFSAudited

FS Audited Basis FSAuditedBasis

FieldValueIRS element (for citing)
Financial Statement ConsolidatedXFinancialStatementConsolidated
FieldValueIRS element (for citing)
Audit CommitteetrueAuditCommittee
Federal Grant Audit RequiredtrueFederalGrantAuditRequired
Federal Grant Audit PerformedtrueFederalGrantAuditPerformed

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
School170b1 AiiXSchool170b1Aii

Schedule C IRS990ScheduleC

Total Grassroots Lobbying TotalGrassrootsLobbying

FieldValueIRS element (for citing)
Filing Organizations Totals0FilingOrganizationsTotals

Total Direct Lobbying TotalDirectLobbying

FieldValueIRS element (for citing)
Filing Organizations Totals379134FilingOrganizationsTotals

Total Lobbying Expenditures TotalLobbyingExpenditures

FieldValueIRS element (for citing)
Filing Organizations Totals379134FilingOrganizationsTotals
Affiliated Group Totals0AffiliatedGroupTotals

Other Exempt Purpose Expenditures OtherExemptPurposeExpenditures

FieldValueIRS element (for citing)
Filing Organizations Totals583569930FilingOrganizationsTotals

Total Exempt Purpose Expenditures TotalExemptPurposeExpenditures

FieldValueIRS element (for citing)
Filing Organizations Totals583949064FilingOrganizationsTotals
Affiliated Group Totals0AffiliatedGroupTotals

Lobbying Nontaxable LobbyingNontaxableAmount

FieldValueIRS element (for citing)
Filing Organizations Totals1000000FilingOrganizationsTotals
Affiliated Group Totals0AffiliatedGroupTotals

Grassroots Nontaxable GrassrootsNontaxableAmount

FieldValueIRS element (for citing)
Filing Organizations Totals250000FilingOrganizationsTotals
Affiliated Group Totals0AffiliatedGroupTotals

Tot Lobbying Grassroot Minus Non Tx TotLobbyingGrassrootMinusNonTx

FieldValueIRS element (for citing)
Filing Organizations Totals0FilingOrganizationsTotals

Tot Lobby Expend Mns Lobbying Nontx TotLobbyExpendMnsLobbyingNontx

FieldValueIRS element (for citing)
Filing Organizations Totals0FilingOrganizationsTotals
Affiliated Group Totals0AffiliatedGroupTotals

Lobbying Nontaxable Amount2 LobbyingNontaxableAmount2

FieldValueIRS element (for citing)
Current Year Minus31000000CurrentYearMinus3
Current Year Minus21000000CurrentYearMinus2
Current Year Minus11000000CurrentYearMinus1
Current Year1000000CurrentYear
Total4000000Total
FieldValueIRS element (for citing)
Lobbying Ceiling$6,000,000LobbyingCeilingAmount

Total Lobbying Expenditures2 TotalLobbyingExpenditures2

FieldValueIRS element (for citing)
Current Year Minus3442558CurrentYearMinus3
Current Year Minus2424301CurrentYearMinus2
Current Year Minus1395962CurrentYearMinus1
Current Year379134CurrentYear
Total1641955Total

Grassroots Nontaxable Amount2 GrassrootsNontaxableAmount2

FieldValueIRS element (for citing)
Current Year Minus3250000CurrentYearMinus3
Current Year Minus2250000CurrentYearMinus2
Current Year Minus1250000CurrentYearMinus1
Current Year250000CurrentYear
Total1000000Total
FieldValueIRS element (for citing)
Grassroots Ceiling$1,500,000GrassrootsCeilingAmount

Grassroots Lobbying Expenditures GrassrootsLobbyingExpenditures

FieldValueIRS element (for citing)
Current Year Minus332790CurrentYearMinus3
Current Year Minus220957CurrentYearMinus2
Current Year Minus10CurrentYearMinus1
Current Year0CurrentYear
Total53747Total

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Preservation For Public UseXPreservationForPublicUse
Protection Of Natural HabitatXProtectionOfNaturalHabitat
Total Number Of Easements1TotalNumberOfEasements
Total Acreage32TotalAcreage
Nmbr States In Which Easements Held1NmbrStatesInWhichEasementsHeld
Written Policy MonitoringfalseWrittenPolicyMonitoring

Art Public Exhibition Amts ArtPublicExhibitionAmts

FieldValueIRS element (for citing)
Revenues Included83600RevenuesIncluded
Assets In Part X8655385AssetsInPartX

Held Works Of Art Amts HeldWorksOfArtAmts

FieldValueIRS element (for citing)
Revenues Included13906RevenuesIncluded
FieldValueIRS element (for citing)
Collect Used For Scholar ResearchXCollectUsedForScholarResearch
Collect Used For Loan Or Exch PrgrmsXCollectUsedForLoanOrExchPrgrms

Collection Used For Other CollectionUsedForOther

FieldValueIRS element (for citing)
Collection Used For Other PurposesXCollectionUsedForOtherPurposes
Description Of Other PurposesEDUCATIONDescriptionOfOtherPurposes
FieldValueIRS element (for citing)
Solicited Assets For SaletrueSolicitedAssetsForSale

Current Year CurrentYear

FieldValueIRS element (for citing)
Beginning Of Year Balance628328362BeginningOfYearBalance
Contributions4654227Contributions
Investment Earnings Or Losses62099043InvestmentEarningsOrLosses
Grants Or Scholarships6636972GrantsOrScholarships
Other Expenditures19112753OtherExpenditures
End Of Year Balance669331907EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

FieldValueIRS element (for citing)
Beginning Of Year Balance640962040BeginningOfYearBalance
Contributions1676001Contributions
Investment Earnings Or Losses11769898InvestmentEarningsOrLosses
Grants Or Scholarships6708063GrantsOrScholarships
Other Expenditures19371514OtherExpenditures
End Of Year Balance628328362EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

FieldValueIRS element (for citing)
Beginning Of Year Balance559539414BeginningOfYearBalance
Contributions6852732Contributions
Investment Earnings Or Losses97039041InvestmentEarningsOrLosses
Grants Or Scholarships5751946GrantsOrScholarships
Other Expenditures16717201OtherExpenditures
End Of Year Balance640962040EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

FieldValueIRS element (for citing)
Beginning Of Year Balance530411586BeginningOfYearBalance
Contributions6116934Contributions
Investment Earnings Or Losses44168388InvestmentEarningsOrLosses
Grants Or Scholarships5809130GrantsOrScholarships
Other Expenditures15348364OtherExpenditures
End Of Year Balance559539414EndOfYearBalance

Current Year Minus4 Years CurrentYearMinus4Years

FieldValueIRS element (for citing)
Beginning Of Year Balance671482363BeginningOfYearBalance
Contributions13217807Contributions
Investment Earnings Or Losses-130157738InvestmentEarningsOrLosses
Grants Or Scholarships6129443GrantsOrScholarships
Other Expenditures18001403OtherExpenditures
End Of Year Balance530411586EndOfYearBalance
FieldValueIRS element (for citing)
Board Designated EOY Balance0.52300BoardDesignatedEOYBalance
Permanent Endowment EOY Balance0.20300PermanentEndowmentEOYBalance
Term Endowment EOY Balance0.27400TermEndowmentEOYBalance
Endowments Held By Unrelated OrgstrueEndowmentsHeldByUnrelatedOrgs
Endowments Held By Related OrgsfalseEndowmentsHeldByRelatedOrgs

Land Land

FieldValueIRS element (for citing)
Other Cost Or Other Basis10714830OtherCostOrOtherBasis
Book Value10714830BookValue

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis856676987OtherCostOrOtherBasis
Depreciation315686674Depreciation
Book Value540990313BookValue

Leasehold Improvements LeaseholdImprovements

FieldValueIRS element (for citing)
Book Value0BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis134313789OtherCostOrOtherBasis
Depreciation82667604Depreciation
Book Value51646185BookValue

Other Land Buildings OtherLandBuildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis14765230OtherCostOrOtherBasis
Book Value14765230BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings618116558TotalOfBookValueLandBuildings

Financial Derivatives FinancialDerivatives

FieldValueIRS element (for citing)
Book Value0BookValue

Closely Held Equity Interests CloselyHeldEquityInterests

FieldValueIRS element (for citing)
Book Value0BookValue

Other Securities OtherSecurities (6 entries)

DescriptionDescriptionBook ValueBookValueMethod Of ValuationMethodOfValuation
CASH SURRENDER VALUE OF LIFE INSURANCE119032F
BENEFICIAL INTEREST IN TRUSTS1483947F
COMMINGLED IN EQUITY FUNDS168001127F
COMMINGLED FIXED INCOME FUNDS6243981F
HEDGE FUNDS157148621F
PRIVATE PLACEMENTS146904646F
FieldValueIRS element (for citing)
Total Of Book Value Securities479901354TotalOfBookValueSecurities
Federal Income Tax Liability0FederalIncomeTaxLiability

Other Liabilities OtherLiabilities (4 entries)

DescriptionDescriptionAmountAmount
FAS106 POSTRETIREMENT BENEFITS OBLIGATION$132,960,869
FEDERAL PERKINS LOAN PROGRAM$21,824,277
FIN47 ASSET RETIREMENT OBLIGATION$19,566,875
ALL OTHER LIABILITIES$3,707,984
FieldValueIRS element (for citing)
Total Of Amounts178060005TotalOfAmounts
Footnote In Part XIIIXFootnoteInPartXIII

Form990 Schedule D Part XIII Form990ScheduleDPartXIII (4 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
Conservation easements financial reportingSchedule D, Part II, Line 9IN 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 RIT'S FINANCIAL STATEMENTS.
Collections of art - description of collectionsSchedule D, Part III, Line 4THE CARY LIBRARY HOUSES SOME 20,000 VOLUMES AND A GROWING NUMBER OF MANUSCRIPTS AND CORRESPONDENCE COLLECTIONS ON THE HISTORY AND PRACTICE OF GRAPHIC COMMUNICATION TECHNOLOGIES. ALSO INCLUDED ARE IMPRESSIVE HOLDINGS ON BOOKBINDING, PAPERMAKING, TYPE DESIGN, CALLIGRAPHY AND BOOK ILLUSTRATION. THE GOAL OF DEVELOPING THE DIGITAL IMAGE DATABASE IS TO ENABLE USERS ALL OVER THE WORLD TO SAMPLE THE WEALTH OF RICH MATERIALS HOUSED IN THE COLLECTION. AN ADDITIONAL FEATURE IS THE INCLUSION IN THE SCHOOL'S CURRICULUM OF SEVERAL COURSES WHICH ACTUALLY MEET IN THE LIBRARY. THE COLLECTION'S HOLDINGS ARE ALSO AVAILABLE TO OUTSIDE RESEARCHERS. THE WILL BURTIN COLLECTION IS AN AMALGAMATION OF MATERIALS FROM GRAPHIC DESIGNER WILL BURTIN. IT INCLUDES EXTENSIVE CLIENT PROJECT FILES AND DOCUMENTATION (SKETCHES, MECHANICALS, MODELS, PRINTED SAMPLES, PHOTOGRAPHS), BUSINESS AND PROFESSIONAL CORRESPONDENCE, FINANCIAL RECORDS, PUBLICATIONS, PERSONAL PAPERS, EXHIBIT PLANS, AND AUDIO/VISUAL MATERIALS. THE COLLECTION IS OPEN FOR ACADEMIC AND PUBLIC RESEARCH. THE PUBLIC ART ON CAMPUS COLLECTION IS A SERIES OF 31 PIECES OF FINE ART INCLUDING, BUT NOT LIMITED TO MURALS, PAINTING, AND STATUES. ALL OF THESE WORKS ENLIVEN AND ENRICH THE CULTURAL ENVIRONMENT OF RIT, WHILE THOSE THAT GRACE THE PUBLIC SPACES OF OUR CAMPUS HELP TO DEFINE AND ENHANCE THE BUILDINGS AND WALKWAYS THEY INHABIT.
Intended uses of endowment fundsSchedule D, Part V, Line 4THE 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.
FIN 48 (ASC 740) footnoteSchedule D, Part X, Line 2EFFECTIVE JULY 1, 2007, THE UNIVERSITY ADOPTED FIN 48 AND INTERPRETATION OF SFAS 109 ACCOUNTING FOR INCOME TAXES. AS A TAX-EXEMPT ORGANIZATION, THE UNIVERSITY HAS A VERY LIMITED NUMBER OF TAX POSITIONS SUBJECT TO FIN 48, AND BELIEVES ITS TAX POSITIONS MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD IN FIN 48 AND AS SUCH, AS INCLUDED THE EFFECTS OF THOSE TAX POSITIONS IN ITS FINANCIAL STATEMENTS.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmttrueNondiscriminatoryPolicyStmt
Policy Statement In Brochures EtctruePolicyStatementInBrochuresEtc
Policy Publ Via Broadcast MediatruePolicyPublViaBroadcastMedia
Maint Racial Composition RecordstrueMaintRacialCompositionRecords
Maint Scholarships RecordstrueMaintScholarshipsRecords
Maint Copies Of Brochures EtctrueMaintCopiesOfBrochuresEtc
Maint Copies Of All SolicitationstrueMaintCopiesOfAllSolicitations
Discriminate Race Students RightsfalseDiscriminateRaceStudentsRights
Discriminate Race Admiss PoliciesfalseDiscriminateRaceAdmissPolicies
Discriminate Race Emplmn FacultyfalseDiscriminateRaceEmplmnFaculty
Discriminate Race ScholarshipsfalseDiscriminateRaceScholarships
Discriminate Race Educ PoliciesfalseDiscriminateRaceEducPolicies
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFclts
Discriminate Race Athletic ProgfalseDiscriminateRaceAthleticProg
Discriminate Race Other ActyfalseDiscriminateRaceOtherActy
Government Financial Aid ReceivedtrueGovernmentFinancialAidReceived
Government Financial Aid RevokedfalseGovernmentFinancialAidRevoked
Compliance With Rev Proc7550trueComplianceWithRevProc7550

Form990 Schedule E Part II Form990ScheduleEPartII (2 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
Racially nondiscriminatory policySchedule E, Part I, Line 3RIT'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 IN THE LOCAL NEWSPAPER WHEN RECRUITING FOR OPEN POSITIONS.
Financial aid or assistance from a governmental agencySchedule E, Part I, Line 6aTHE UNIVERSITY IS THE RECIPIENT OF APPROPRIATIONS AND ASSISTANCE FROM THE DEPARTMENT OF EDUCATION TO OPERATE THE NATIONAL TECHNICAL INSTITUTE FOR THE DEAF AND TO SUPPORT THE FEDERAL WORK STUDY AND FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAMS. THE UNIVERSITY ALSO RECEIVES AN APPROPRIATION OF DIRECT INSTITUTIONAL SUPPORT OF "BUNDY AID" FROM THE NEW YORK STATE DEPARTMENT OF EDUCATION.

Schedule F IRS990ScheduleF

Accts Actvs Out US Table AcctsActvsOutUSTable (2 entries)

RegionRegionNumber Of OfficesNumberOfOfficesNumber Of EmployeesNumberOfEmployeesType Of Activities ConductedTypeOfActivitiesConductedTotal ExpendituresTotalExpenditures
CENTRAL AMERICA AND THE CARIBBEAN00INVESTMENTS148317174
EUROPE (INCLUDING ICELAND AND GREENLAND)00INVESTMENTS4746851
FieldValueIRS element (for citing)
Total Number Of Offices0TotalNumberOfOffices
Total Number Of Employees0TotalNumberOfEmployees
Total Amount Spent153064025TotalAmountSpent
Transfer To Foreign CorptrueTransferToForeignCorp
Interest In Foreign TrusttrueInterestInForeignTrust
Own Foreign CorptrueOwnForeignCorp
Passive Foreign Invest CotruePassiveForeignInvestCo
Foreign PartnershiptrueForeignPartnership
Boycott CountriesfalseBoycottCountries

Form990 Schedule F Part V Form990ScheduleFPartV (2 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
Method used to account for expenditures on organization's financial statementsSchedule F, Part I, Line 3CENTRAL AMERICA AND THE CARIBBEAN: ACCRUAL EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL
Method used to account for expenditures on organization's financial statementsSchedule F, Part I, Line 3CENTRAL AMERICA AND THE CARIBBEAN: ACCRUAL EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL

Schedule G IRS990ScheduleG

Events Information EventsInformation

FieldValueIRS element (for citing)
Name Of Event1TIGER OPENNameOfEvent1
Gross Receipts Event119840GrossReceiptsEvent1
Charitable Contributions Event111700CharitableContributionsEvent1
Gross Revenue Event18140GrossRevenueEvent1
Cash Prizes Event10CashPrizesEvent1
Non Cash Prizes Event10NonCashPrizesEvent1
Rent Facility Costs Event16490RentFacilityCostsEvent1
Food And Beverage Event15750FoodAndBeverageEvent1
Entertainment Event10EntertainmentEvent1
Other Direct Expenses Event19334OtherDirectExpensesEvent1
Name Of Event2SCB GOLF TOURNNameOfEvent2
Gross Receipts Event227255GrossReceiptsEvent2
Charitable Contributions Event210661CharitableContributionsEvent2
Gross Revenue Event216594GrossRevenueEvent2
Cash Prizes Event20CashPrizesEvent2
Non Cash Prizes Event20NonCashPrizesEvent2
Rent Facility Costs Event213377RentFacilityCostsEvent2
Food And Beverage Event2585FoodAndBeverageEvent2
Entertainment Event20EntertainmentEvent2
Other Direct Expenses Event2460OtherDirectExpensesEvent2
Total Number Of Other Events1TotalNumberOfOtherEvents
Gross Receipts Other Events15382GrossReceiptsOtherEvents
Charitable Contrib Other Events5050CharitableContribOtherEvents
Gross Revenue Other Events10332GrossRevenueOtherEvents
Cash Prizes Other Events0CashPrizesOtherEvents
Non Cash Prizes Other Events0NonCashPrizesOtherEvents
Rent Facility Costs Other Events2000RentFacilityCostsOtherEvents
Food And Beverage Other Events6764FoodAndBeverageOtherEvents
Entertainment Other Events200EntertainmentOtherEvents
Other Direct Expenses Other Events13943OtherDirectExpensesOtherEvents
Gross Receipts Total62477GrossReceiptsTotal
Charitable Contributions Total27411CharitableContributionsTotal
Gross Revenue Total Events35066GrossRevenueTotalEvents
Cash Prizes Total Events0CashPrizesTotalEvents
Non Cash Prizes Total Events0NonCashPrizesTotalEvents
Rent Facility Costs Total Events21867RentFacilityCostsTotalEvents
Food And Beverage Total Events13099FoodAndBeverageTotalEvents
Entertainment Total Events200EntertainmentTotalEvents
Other Direct Expenses Total Events23737OtherDirectExpensesTotalEvents
Direct Expense Summary Events58903DirectExpenseSummaryEvents
Net Income Summary-23837NetIncomeSummary

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records MaintainedtrueRecordsMaintained

Recipient Table RecipientTable (10 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEIN Of RecipientEINOfRecipientIRC SectionIRCSectionAmount Of Cash GrantAmountOfCashGrantPurpose Of GrantPurposeOfGrantAddress Line2AddressUS/AddressLine2
AACSB INTERNATIONAL
777 S HARBOUR ISLAND BLVDTAMPAFL336025730436036286501C375000CONF SPONSORSHIP
CHILDREN'S SUCCESS FUND SPECIAL EVENTS
2000 JEFFERSON RDPITTSFORDNY14534262998673501C328000LPGA SPONSORSHIP
GREATER ROCHESTER ENTERPRISE INC
ONE HSBC PLAZAROCHESTERNY14604100000080501C351250GENERAL SUPPORT, EVENT SPONSORSHIP100 CHESTNUT ST SUITE 1910
HENRIETTA FIRE DISTRICT
850 BAILEY RDW HENRIETTANY14586160974231STATE OF NY35000GENERAL SUPPORT
HIGH TECH ROCHESTER INC
150 LUCIUS GORDON DRW HENRIETTANY14586161195028501C330000GENERAL SUPPORTSUITE 100
NATIONAL ASSOC OF THE DEAF
8630 FENTON STSILVER SPRINGMD20910941358295501C317000YOUTH CAMP & CONF SPONSORSHIPSSUITE 820
NEW YORK WINE & CULINARY CTR
800 S MAIN STCANANDAIGUANY14424201682175501C356500GENERAL SUPPORT, EVENT SPONSORSHIP
ROCHESTER AREA COMMUNITY FOUNDATION
500 EAST AVEROCHESTERNY146071912237250641501C310250GENERAL SUPPORT
ROCHESTER BUSINESS ALLIANCE
150 STATE STROCHESTERNY146141308510439860501C610000GENERAL SUPPORT, EVENT SPONSORSHIPS
ROCHESTER GENERAL HOSPITAL
1425 PORTLAND AVEROCHESTERNY14621160743134501C36000GENERAL SUPPORT
FieldValueIRS element (for citing)
Total Nbr Of501 C3 And Govt Grants9TotalNbrOf501C3AndGovtGrants
Total Nbr Of Other Organizations1TotalNbrOfOtherOrganizations

Form990 Schedule I Part III Form990ScheduleIPartIII (3 entries)

Type Of GrantTypeOfGrantNumber Of RecipientsNumberOfRecipientsAmount Of Cash GrantAmountOfCashGrant
SCHOLARSHIP12900144197839
GRADUATE RESEARCH ASSISTANCE3354242781
FELLOWSHIPS54455224

Form990 Schedule I Part IV Form990ScheduleIPartIV (2 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
NUMBER OF RECIPIENTSSCHEDULE I, PART IIITHE UNIVERSITY ESTIMATES THE NUMBER OF RECIPIENTS FROM RECORDS MAINTAINED IN OUR FINANCIAL AID (SCHOLARSHIPS) AND ACCOUNTS PAYABLE SYSTEM (GRADUATE RESEARCH ASSISTANCE STIPENDS, FELLOWSHIPS, AND AWARDS) WHICH HAVE BEEN CLASSIFIED BY THE TYPE OF ASSISTANCE.
Procedures for monitoring use of grant fundsSchedule I, Part I, Line 2SCHOLARSHIPS, 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.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Housing Allowance Or ResidenceXHousingAllowanceOrResidence
Club Dues Or FeesXClubDuesOrFees
Written Policy Re T And E ExpensesfalseWrittenPolicyReTAndEExpenses
Substantiation RequiredtrueSubstantiationRequired
Compensation CommitteeXCompensationCommittee
Independent ConsultantXIndependentConsultant
Form990 Of Other OrganizationsXForm990OfOtherOrganizations
Written Employment ContractXWrittenEmploymentContract
Compensation SurveyXCompensationSurvey
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance PaymentfalseSeverancePayment
Supplemental Nonqual Retire PlanfalseSupplementalNonqualRetirePlan
Equity Based Comp ArrangementfalseEquityBasedCompArrangement
Comp Based On Revenue Of Filing OrgfalseCompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related OrgsfalseCompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing OrgfalseCompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate OrgsfalseCompBasedNetEarningsRelateOrgs
Any Non Fixed PaymentsfalseAnyNonFixedPayments
Initial Contract ExceptionfalseInitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (17 entries)

TitleTitleBase Compensation Filing OrgBaseCompensationFilingOrgComp Based On Related OrgsCompBasedOnRelatedOrgsBonus Filing OrgBonusFilingOrgBonus Related OrgsBonusRelatedOrgsOther Compensation Filing OrgOtherCompensationFilingOrgOther Compensation Related OrgsOtherCompensationRelatedOrgsDeferred Comp Filing OrgDeferredCompFilingOrgDeferred Comp Related OrgsDeferredCompRelatedOrgsNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgNontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgsTotal Compensation Filing OrgTotalCompensationFilingOrgTotal Compensation Related OrgsTotalCompensationRelatedOrgsComp Report Prior990 Filing OrgCompReportPrior990FilingOrgComp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
WILLIAM W DESTLER
PRESIDENT752901045843092670225000670350897546000
JEREMY A HAEFNER
PROVOST AND SVP ACADEMIC AFFAIRS404478014515023220225000720310515846000
JAMES G MILLER
SVP ENROLLMENT MGMT AND CAREER SVCS31481005969088330250000143750368987000
JAMES H WATTERS
SVP FINANCE AND ADMINISTRATION411339014801037890250000561960511125000
MARY-BETH A COOPER
SVP STUDENT AFFAIRS2553970109014420240590183690299376000
LISA A CAUDA
VP DEVELOPMENT AND ALUMNI RELATIONS257542000195940237640137570314657000
KEVIN MCDONALD
VP AND ASSOC PROVOST FOR DIVERSITY AND INCLUSION199101000233310188960585510299879000
KATHERINE J MAYBERRY
VP FOR STRATEGIC PLANNING AND SPECIAL INITIATIVES209578000104400214320147330256183000
DEBORAH M STENDARDI
VP GOVT AND COMMUNITY RELATIONS22480900033140231590171490268431000
DANIEL ORNT
VP AND DEAN OF INST OF HEALTH SCIENCES AND TECH3812280003834022500073140414876000
RYNE RAFFAELLE
VP FOR RESEARCH AND ASSOC PROVOST24793500012420243020277690301248000
GERARD BUCKLEY
PRESIDENT NTID, VP AND DEAN RIT27716100023220250000399370344420000
DONALD O BAKER
EXEC DIR CENTER FOR QUALITY AND APPL STATISTICS16106300085944016210077600270977000
DONALD F FIGER
PROF AND DIR CENTER FOR DETECTORS222861000382510181980170650296375000
NABIL Z NASR
ASST PROVOST, DIR GOLISANO INST OF SUSTAINABILITY37713300023220250000201630424618000
ANDREW SEARS
DEAN GCCIS2771850008100225000291190329614000
JOHN R SCHOTT
WIEDMAN CHAIR AND PROFESSOR24491300030890222200179820288204000

Form990 Schedule J Part III Form990ScheduleJPartIII (4 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
Housing allowance or residence for personal useSchedule J, Part I, Line 1aDUE 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.
Health or social club dues or initiation feesSchedule J, Part I, Line 1aTHE UNIVERSITY PAYS SOCIAL CLUB INITIATION FEES AND DUES FOR SEVEN OFFICERS 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.
Written policy regarding payment or reimbursement of expensesSchedule J, Part I, Line 1bEACH OF THE BENEFITS INDICATED IS AVAILABLE TO THE PRESIDENT; CERTAIN OF THESE BENEFITS ARE AVAILABLE TO SELECT OFFICERS. 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.
METHODS USED TO ESTABLISH COMPENSATIONSCHEDULE J, PART I, LINE 3THE 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.

Schedule K IRS990ScheduleK

Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)

Bond ReferenceBondReferenceCdIssuer EINIssuerEINCUSIP NumberCUSIPNumberDate IssuedDateIssuedIssue PriceIssuePriceDescription Of PurposeDescriptionOfPurposeDefeasedDefeasedOn Behalf Of IssuerOnBehalfOfIssuerPool FinancingPoolFinancing
DASNY RIT SERIES 2002B
A14600029364983QH512006-05-0415719523SEE SUPPLEMENTAL INFORMATIONtruefalsefalse
DASNY RIT SERIES 2006A
B14600029364983QF382006-05-0461706239SEE SUPPLEMENTAL INFORMATIONfalsefalsefalse
DASNY RIT SERIES 2008A
C1460002936499034Y42008-11-1384352284SEE SUPPLEMENTAL INFORMATIONtruefalsefalse
DASNY RIT SERIES 2010
D1460002936499054S22010-10-2183324343SEE SUPPLEMENTAL INFORMATIONfalsefalsefalse

Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)

Bond ReferenceBondReferenceCdAmount RetiredAmountRetiredAmount Bond DefeasedAmountBondDefeasedTotal ProceedsTotalProceedsAmount In Reserve FundAmountInReserveFundCapitalized InterestCapitalizedInterestRefunding EscrowRefundingEscrowIssuance Costs From ProceedsIssuanceCostsFromProceedsCredit EnhancementCreditEnhancementWorking Capital ExpendituresWorkingCapitalExpendituresCapital ExpendituresCapitalExpendituresOther Spent ProceedsOtherSpentProceedsAmount UnspentAmountUnspentYear Of Subst CompletionYearOfSubstCompletionCurrent RefundingCurrentRefundingAdvance RefundingAdvanceRefundingFinal Allocation MadeFinalAllocationMadeAdequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind
A278000010850000157209290001411215000980801556500002004truefalsetruetrue
B150250000617106200004575854701271580906076709902000falsetruetruetrue
C54000007610000085041578000684437008369127766586402010falsefalsetruetrue
D182000008342156500055998700347095464472685534251772013falsetruefalsetrue

Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyAny Lease ArrangementsAnyLeaseArrangementsMngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprtyEngage Bond Counsel ContractsEngageBondCounselContractsAny Research AgreementsAnyResearchAgreementsEngage Bond Counsel ResearchEngageBondCounselResearchPrcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthersPercentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBITotal Private Business UseTotalPrivateBusinessUseBond Iss Meet Prvt Security Pay TestBondIssMeetPrvtSecurityPayTestChange In Use Bond Financed PropChangeInUseBondFinancedPropPrcntge Bond Financed PropPrcntgeBondFinancedPropRemedial Action TakenRemedialActionTakenNon Qualified Bond Remed ProcdrsNonQualifiedBondRemedProcdrs
Afalsefalsefalsefalsefalsefalse0.000000.000000.00000falsefalse0falsefalse
Bfalsefalsefalsefalsefalsefalse0.000000.000000.00000falsefalse0falsefalse
Cfalsetruetruefalsetruefalse0.001000.001000.00200falsefalse0falsetrue
Dfalsetruetruefalsetruefalse0.002000.003000.00500falsefalse0falsetrue

Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledRebate Not Due YetRebateNotDueYetException To RebateExceptionToRebateNo Rebate DueNoRebateDueVariable Rate IssueVariableRateIssueHedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecdsTerm Of HedgeTermOfHedgeSuperintegrated HedgeSuperintegratedHedgeHedge TerminatedHedgeTerminatedGross Proceeds Invested In GICGrossProceedsInvestedInGICTerm Of GICTermOfGICRegulatory Safe Harbor SatisfiedRegulatorySafeHarborSatisfiedGross Proceeds InvestedGrossProceedsInvestedWritten Proc To Monitor ReqsWrittenProcToMonitorReqs
Afalsefalsefalsetruefalsefalse0.0falsefalsefalse0.0falsefalsetrue
Bfalsefalsefalsetruefalsefalse0falsefalsefalse0falsefalsetrue
Cfalsetruefalsefalsefalsefalse0falsefalsefalse0falsefalsetrue
Dfalsetruefalsefalsefalsefalse0falsefalsefalse0falsefalsetrue

Form990 Schedule K Part V Form990ScheduleKPartV (4 entries)

Bond ReferenceBondReferenceCdProc To Undertk Corrective ActionProcToUndertkCorrectiveAction
Atrue
Btrue
Ctrue
Dtrue

Form990 Schedule K Part VI Form990ScheduleKPartVI (23 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
ISSUER NAME - DASNY, RIT SERIES 2002BSCHEDULE K, PART I, COLUMN (F)LINE A (F): THE 2002B (FIXED RATE CONVERSION AND REOFFERING OF DASNY, RIT SERIES 2002B, ISSUED OCTOBFR 31, 2002; PARTIAL DEFEASANCE THROUGH THE DASNY, RIT SERIES 2012, DATED 12/12/12) - PROJECT CONSISTS OF THE RENOVATION AND IMPROVEMENT OF VARIOUS ACADEMIC AND ADMINISTRATIVE BUILDINGS AND CONSTRUCTION OF AN ATHLETIC FIELD HOUSE. PURSUANT TO CODE SECTION 150(C)(3)(II), THE ISSUE REPORTED IN THE INFORMATION RETURN FOR TAX-EXEMPT PRIVATE ACTIVITY BOND ISSUES (FORM 8038) AND THE ISSUANCE OF THE SAME DATE OF THE ISSUER'S ROCHESTER INSTITUTE OF TECHNOLOGY INSURED REVENUE BONDS, SERIES 2006A, AS REPORTED IN A SEPARATE FORM 8038 DATED MAY 4, 2006, ARE TREATED AS PARTS OF A SINGLE ISSUE FOR CERTAIN PURPOSES DESCRIBED IN CODE SECTION 150(C)(3)(II).
ISSUER NAME - DASNY, RIT SERIES 2006ASCHEDULE K, PART I, COLUMN (F)LINE B (F): THE SERIES 2006A (ADVANCE REFUNDING OF DASNY, RIT SERIES 1997, ISSUED JULY 15, 1997) - PROJECT CONSISTS OF CONSTRUCTION, RENOVATION AND IMPROVEMENTS TO VARIOUS RESIDENTIAL BUILDINGS AND APARTMENT COMPLEXES AND A FINANCIAL INFORMATION SYSTEM. PURSUANT TO CODE SECTION 150(C)(3)(II), THE ISSUE REPORTED IN THE INFORMATION RETURN FOR TAX-EXEMPT PRIVATE ACTIVITY BOND ISSUES (FORM 8038)AND THE REISSUANCE OF THE SAME DATE OF THE ISSUER'S ROCHESTER INSTITUTE OF TECHNOLOGY INSURED REVENUE BONDS, SERIES 2002B. AS REPORTED IN A SEPARATE 8038 DATED MAY 4, 2006, ARE TREATED AS PARTS OF A SINGLE ISSUE FOR CERTAIN PURPOSES DESCRIBED IN A CODE SECTION 150(C)(3)(II).
ISSUER NAME - DASNY, RIT SERIES 2008ASCHEDULE K, PART I, COLUMN (F)LINE C (F): THE 2008A (PARTIAL DEFEASANCE THROUGH THE DASNY, RIT SERIES 2012, DATED 12/12/12) - PROJECT CONSISTS OF CONSTRUCTION OF A MIXED-USE HOUSING COMPLEX; THE RENEWAL, REPLACEMENT AND EXPANSION OF EXISTING HEATING AND COOLING INFRASTRUCTURE AND ENERGY MANAGEMENT SYSTEMS; AND THE RENOVATION OF ACADEMIC AND ADMINISTRATIVE BUILDINGS ON THE MAIN CAMPUS.
ISSUER NAME - DASNY, RIT SERIES 2010SCHEDULE K, PART I, COLUMN (F)LINE D (F): THE 2010 PROJECT CONSISTS OF THE CONSTRUCTION OF A NEW ACADEMIC BUILDING, THE CONSTRUCTION OF A GREEN DATA CENTER, THE EXPANSION OF ATHLETIC FACILITIES, VARIOUS OTHER CAMPUS-WIDE IMPROVEMENTS, AND THE ADVANCE REFUNDING OF DASNY, RIT SERIES 2002A, DATED OCTOBER 31, 2002.
ISSUER NAME - DASNY, RIT SERIES 2012ASCHEDULE K, PART I, COLUMN (F)LINE A (F): THE 2012 PROJECT CONSISTS OF THE CONSTRUCTION OF AN ICE ARENA, RENOVATIONS AND IMPROVEMENTS TO THE INSTITUTE OF HEALTH SCIENCE AND TECHNOLOGY, REPLACEMENT OF AN ELECTRICAL SUBSTATION, RENOVATIONS OF LABS, ACQUISITION OF UNIVERSITY COMMONS II, AND PARTIAL REFUNDING OF THE SERIES 2002B AND 2008A.
LINE 3A, SERIES 2002B; LINE 3B, SERIES 2006A; LINE 3C, SERIES 2008A; LINE 3D, SERIES 2010SCHEDULE K, PART II, LINE 3TOTAL PROCEEDS OF ISSUE, INCLUDES INVESTMENT PROCEEDS OF $1,406, $4,383, $689,295, AND $97,224, RESPECTIVELY.
LINE 3A, SERIES 2012SCHEDULE K, PART II, LINE 3TOTAL PROCEEDS OF ISSUE, INCLUDE INVESTMENT PROCEEDS OF $209,704.
LINE 7A, SERIES 2002BSCHEDULE K, PART II, LINE 7ORIGINAL ISSUANCE COSTS FROM PROCEEDS OF $149,523 WERE ADJUSTED FOR $8,402 OF UNUSED PROCEEDS. THESE PROCEEDS ($8,402), TOGETHER WITH INVESTMENT PROCEEDS OF $1,406, ARE INCLUDED IN PART II, LINE 9A, WORKING CAPITAL EXPENDITURES FROM PROCEEDS.
LINE 7B, SERIES 2006ASCHEDULE K, PART II, LINE 7ORIGINAL ISSUANCE COSTS FROM PROCEEDS OF $469,013 WERE ADJUSTED FOR $11,428 OF UNUSED PROCEEDS. THESE PROCEEDS ($11,428), TOGETHER WITH INVESTMENT PROCEEDS OF $4,381, ARE INCLUDED IN PART II, LINE 9B, WORKING CAPITAL EXPENDITURES FROM PROCEEDS.
LINE 7C, SERIES 2008ASCHEDULE K, PART II, LINE 7ORIGINAL ISSUANCE COSTS FROM PROCEEDS OF $697,839 WERE ADJUSTED FOR $13,402 OF UNUSED PROCEEDS. THESE PROCEEDS ($13,402), TOGETHER WITH INVESTMENT PROCEEDS OF $689,295, ARE INCLUDED IN PART II, LINE 10C, CAPITAL EXPENDITURES FROM PROCEEDS.
LINE 7D, SERIES 2010SCHEDULE K, PART II, LINE 7ORIGINAL ISSUANCE COSTS FROM PROCEEDS OF $597,487 WERE ADJUSTED FOR $37,500 OF UNUSED PROCEEDS. THESE PROCEEDS ($37,500), TOGETHER WITH INVESTMENT PROCEEDS OF $97,224, ARE INCLUDED IN PART II, LINE 12D, OTHER UNSPENT PROCEEDS.
LINE 7A, SERIES 2012SCHEDULE K, PART II, LINE 7ORIGINAL ISSUANCE COSTS FROM PROCEEDS OF $832,806 WERE ADJUSTED FOR $22,052 OF ADDITIONAL PROCEEDS. THESE PROCEEDS, $22,052, TOGETHER WITH INVESTMENT PROCEEDS OF $209,704, ARE INCLUDED IN PART II, LINE 12A, OTHER UNSPENT PROCEEDS.
LINE 9A, SERIES 2002B; LINE 9B, SERIES 2006ASCHEDULE K, PART II, LINE 9WORKING CAPITAL EXPENDITURES FROM PROCEEDS REPRESENT UNUSED ORIGINAL ISSUANCE PROCEEDS OF $8,402 AND INVESTMENT PROCEEDS OF $1,406 FOR THE SERIES 2002B AND UNUSED ORIGINAL ISSUANCE PROCEEDS OF $11,428 AND INVESTMENT PROCEEDS OF $4,381 FOR THE SERIES 2006A. THE INVESTMENT PROCEEDS ARE INCLUDED IN PART II, LINE 3A (SERIES 2002B) AND B (SERIES 2006A), TOTAL PROCEEDS OF ISSUE, RESPECTIVELY.
LINE 11A, SERIES 2002BSCHEDULE K, PART II, LINE 11OTHER SPENT PROCEEDS, INCLUDES $5,000 FOR ISSUER/DASNY FEES AND $15,560,000 OF PROCEEDS USED TO REDEEM SERIES 2002B, REOFFERED ON MAY 4, 2006. THE REOFFERED BONDS WERE CALLED ON MAY 4, 2006.
LINE 11B, SERIES 2006ASCHEDULE K, PART II, LINE 11OTHER SPENT PROCEEDS, INCLUDES $75,000 FOR ISSUER/DASNY FEES, $400,919 FOR STATE ISSUANCE FEES AND $60,291,180 OF PROCEEDS USED TO LEGALLY DEFEASE THE OUTSTANDING AGGREGATE PRINCIPAL AMOUNT OF SERIES 1997. THE REFUNDED BONDS WERE CALLED ON JULY 1, 2007.
LINE 11C, SERIES 2008ASCHEDULE K, PART II, LINE 11OTHER SPENT PROCEEDS, INCLUDES $75,000 FOR ISSUER/DASNY FEES AND $590,864 FOR STATE ISSUANCE FEES.
LINE 11D, SERIES 2010SCHEDULE K, PART II, LINE 11OTHER SPENT PROCEEDS, INCLUDES $75,000 FOR ISSUER/DASNY FEES, $650,450 FOR STATE ISSUANCE FEES, AND $44,001,405 OF PROCEEDS USED IN REFUNDING ESCROW FOR SERIES 2002A. THE REFUNDED BONDS WERE CALLED ON JULY 1, 2012.
LINE 11A, SERIES 2012SCHEDULE K, PART II, LINE 11OTHER SPENT PROCEEDS, INCLUDES $75,000 FOR ISSUER/DASNY FEES.
LINE 12D, SERIES 2010SCHEDULE K, PART II, LINE 12OTHER UNSPENT PROCEEDS, INCLUDES $3,425,177 HELD WITH BOND TRUSTEE FOR CAPITAL EXPENDITURES ASSOCIATED WITH SERIES 2010.
LINE 12A, SERIES 2012SCHEDULE K, PART II, LINE 12OTHER UNSPENT PROCEEDS, INCLUDES $44,548,890 HELD WITH BOND TRUSTEE FOR CAPITAL EXPENDITURES ASSOCIATED WITH SERIES 2012.
LINE 13A, SERIES 2012SCHEDULE K, PART II, LINE 13SERIES 2012 HAS NOT BEEN SUBSTANTIALLY COMPLETED.
ISSUER NAME: DASNY, RIT SERIES 2002B: No Rebate Due.Schedule K, Part IV, Line 2cTHE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 12/31/2012.
ISSUER NAME: DASNY, RIT SERIES 2006A: No Rebate Due.Schedule K, Part IV, Line 2cTHE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 12/31/2012.

Schedule K IRS990ScheduleK

Form990 Schedule K Part I Form990ScheduleKPartI

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd

Issuer Name IssuerName

FieldValueIRS element (for citing)
Business Name Line1DASNY RIT SERIES 2012ABusinessNameLine1
FieldValueIRS element (for citing)
Issuer EIN146000293IssuerEIN
CUSIP Number649907HM7CUSIPNumber
Date Issued2012-12-12DateIssued
Issue Price168217368IssuePrice
Description Of PurposeSEE SUPPLEMENTAL INFORMATIONDescriptionOfPurpose
DefeasedfalseDefeased
On Behalf Of IssuerfalseOnBehalfOfIssuer
Pool FinancingfalsePoolFinancing

Form990 Schedule K Part II Form990ScheduleKPartII

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Amount Retired0AmountRetired
Amount Bond Defeased0AmountBondDefeased
Total Proceeds168427078TotalProceeds
Amount In Reserve Fund0AmountInReserveFund
Capitalized Interest0CapitalizedInterest
Refunding Escrow109309562RefundingEscrow
Issuance Costs From Proceeds854858IssuanceCostsFromProceeds
Credit Enhancement0CreditEnhancement
Working Capital Expenditures0WorkingCapitalExpenditures
Capital Expenditures13638768CapitalExpenditures
Other Spent Proceeds75000OtherSpentProceeds
Amount Unspent44548890AmountUnspent
Current RefundingfalseCurrentRefunding
Advance RefundingtrueAdvanceRefunding
Final Allocation MadefalseFinalAllocationMade
Adequate Books And Recds MaintaindtrueAdequateBooksAndRecdsMaintaind

Form990 Schedule K Part III Form990ScheduleKPartIII

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Owning Bond Financed PropertyfalseOwningBondFinancedProperty
Any Lease ArrangementstrueAnyLeaseArrangements
Mngment Cntrct Bond Financd PrprtytrueMngmentCntrctBondFinancdPrprty
Engage Bond Counsel ContractsfalseEngageBondCounselContracts
Any Research AgreementstrueAnyResearchAgreements
Engage Bond Counsel ResearchfalseEngageBondCounselResearch
Prcntge Prvt Business Use By Others0.00100PrcntgePrvtBusinessUseByOthers
Percentage Of Prvt Business Re UBI0.00100PercentageOfPrvtBusinessReUBI
Total Private Business Use0.00200TotalPrivateBusinessUse
Bond Iss Meet Prvt Security Pay TestfalseBondIssMeetPrvtSecurityPayTest
Change In Use Bond Financed PropfalseChangeInUseBondFinancedProp
Prcntge Bond Financed Prop0PrcntgeBondFinancedProp
Remedial Action TakenfalseRemedialActionTaken
Non Qualified Bond Remed ProcdrstrueNonQualifiedBondRemedProcdrs

Form990 Schedule K Part IV Form990ScheduleKPartIV

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Form8038 T FiledfalseForm8038TFiled
Rebate Not Due YettrueRebateNotDueYet
Exception To RebatefalseExceptionToRebate
No Rebate DuefalseNoRebateDue
Variable Rate IssuefalseVariableRateIssue
Hedge Identified In Books And RecdsfalseHedgeIdentifiedInBooksAndRecds
Term Of Hedge0TermOfHedge
Superintegrated HedgefalseSuperintegratedHedge
Hedge TerminatedfalseHedgeTerminated
Gross Proceeds Invested In GICfalseGrossProceedsInvestedInGIC
Term Of GIC0TermOfGIC
Regulatory Safe Harbor SatisfiedfalseRegulatorySafeHarborSatisfied
Gross Proceeds InvestedfalseGrossProceedsInvested
Written Proc To Monitor ReqstrueWrittenProcToMonitorReqs

Form990 Schedule K Part V Form990ScheduleKPartV

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Proc To Undertk Corrective ActiontrueProcToUndertkCorrectiveAction

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV (4 entries)

RelationshipRelationshipAmount Of TransactionAmountOfTransactionDescription Of TransactionDescriptionOfTransactionSharing Of RevenuesSharingOfRevenues
PIKE COMPANY
TRUSTEE, THOMAS F JUDSON500058CONSTRUCTION SERVICESfalse
DUMBWAITER DESIGN
TRUSTEE, SUSAN HOLLIDAY107422WEB DESIGN SERVICESfalse
XEROX CORPORATION
TRUSTEE, WILLEM APPELO686204FEES FOR COPIERS, OTHER DEVICESfalse
MARK BARROWS
FAMILY MEMBER OF OFFICER34635PAYMENT OF COMPENSATIONfalse

Form990 Schedule L Part V Form990ScheduleLPartV (3 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
LINE 1SCHEDULE L, PART IVTRUSTEE, THOMAS JUDSON JR, IS THE OWNER AND CHAIRMAN OF PIKE COMPANY.
LINE 2SCHEDULE L, PART IVTRUSTEE, SUSAN R HOLLIDAY, IS THE OWNER OF DUMBWAITER DESIGN.
LINE 3SCHEDULE L, PART IVTRUSTEE, WILLEM APPELO, IS AN OFFICER OF XEROX CORPORATION.

Schedule M IRS990ScheduleM

Works Of Art WorksOfArt

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox
Number Of Contributions5NumberOfContributions
Noncash Contribs Rptd F99083600NoncashContribsRptdF990
Method Of Determining RevenuesMARKET VALUEMethodOfDeterminingRevenues

Securities Publicly Traded SecuritiesPubliclyTraded

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox
Number Of Contributions40NumberOfContributions
Noncash Contribs Rptd F9901726793NoncashContribsRptdF990
Method Of Determining RevenuesMEAN VALUE DATE OF GIFTMethodOfDeterminingRevenues

Real Estate Commercial RealEstateCommercial

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox
Number Of Contributions1NumberOfContributions
Noncash Contribs Rptd F9901425000NoncashContribsRptdF990
Method Of Determining RevenuesAPPRAISAL/FMVMethodOfDeterminingRevenues

Collectibles Collectibles

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox
Number Of Contributions8NumberOfContributions
Noncash Contribs Rptd F99087372NoncashContribsRptdF990
Method Of Determining RevenuesAPPRAISAL/FMVMethodOfDeterminingRevenues

Other Non Cash Contributions Table OtherNonCashContributionsTable (4 entries)

Non Cash CheckboxNonCashCheckboxDescriptionDescriptionNumber Of ContributionsNumberOfContributionsNoncash Contribs Rptd F990NoncashContribsRptdF990Method Of Determining RevenuesMethodOfDeterminingRevenues
XSOFTWARE7975380MARKET VALUE
XCONSUMABLES101886289MARKET VALUE
XEQUIPMENT39668520MARKET VALUE
XOTHER1318415MARKET VALUE
FieldValueIRS element (for citing)
Number Of8283 Received2NumberOf8283Received
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeld
Review Process Unusual NC GiftstrueReviewProcessUnusualNCGifts
Third Parties UsedfalseThirdPartiesUsed

Form990 Schedule M Part II Form990ScheduleMPartII (5 entries)

IdentifierIdentifierReturn ReferenceReturnReference
Number of contributions or items contributed.Schedule M, part I, column (b), Line 1
Number of contributions or items contributed.Schedule M, part I, column (b), Line 9
Number of contributions or items contributed.Schedule M, part I, column (b), Line 16
Number of contributions or items contributed.Schedule M, part I, column (b), Line 18
Number of contributions or items contributed.Schedule M, part I, column (b), Line other=SOFTWARE

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
Family/business relationships amongst interested personsForm 990, Part VI, Section A, Line 2ANN L BURR, B THOMAS GOLISANO, SUSAN R HOLLIDAY, SAMUEL T HUBBARD JR, RICHARD A KAPLAN, KRAIG H KAYSER, SANDRA A PARKER, CARL E SASSANO, STEPHEN L SCHULTZ, CHRISTINE B WHITMAN AND RONALD L ZARELLA ARE RIT TRUSTEES. WILLIAM W DESTLER AND JAMES H WATTERS ARE OFFICERS. - BUSINESS RELATIONSHIP, COMPLEMAR PARTNERS INC: SUSAN R HOLLIDAY (DIRECTOR), CARL E SASSANO (DIRECTOR), AND CHRISTINE B WHITMAN (CHAIR AND CEO). - BUSINESS RELATIONSHIP, FRONTIER COMMUNICATIONS: ANN L BURR (PRESIDENT, NORTHERN REGION), SANDRA A PARKER (DIRECTOR, FRONTIER COMMUNICATIONS), AND HARRY P TRUEHEART III (DIRECTOR OF FRONTIER TELEPHONE OF ROCHESTER, A SUBSIDIARY). - BUSINESS RELATIONSHIP, ONE STREAM NETWORKS LLC: CARL E SASSANO (DIRECTOR) AND CHRISTINE B WHITMAN (MANAGING MEMBER). - BUSINESS RELATIONSHIP, PICTOMETRY INTERNATIONAL CORP: B THOMAS GOLISANO (DIRECTOR) AND STEPHEN L SCHULTZ (CTO). - BUSINESS RELATIONSHIP, SENECA FOODS CORP: SAMUEL T HUBBARD JR (DIRECTOR) AND KRAIG H KAYSER (PRESIDENT AND CEO). - BUSINESS RELATIONSHIP, TORVEC INC: WILLIAM W DESTLER (DIRECTOR) AND RICHARD A KAPLAN (CEO). - BUSINESS RELATIONSHIP, VNOMICS CORP: RICHARD A KAPLAN (DIRECTOR), JAMES H WATTERS (DIRECTOR), AND RONALD L ZARELLA (CHAIR) - BUSINESS RELATIONSHIP, VOICEPORT LLC: CARL E SASSANO (DIRECTOR) AND CHRISTINE B WHITMAN (MANAGING MEMBER) - BUSINESS RELATIONSHIP
Review of form 990 by governing bodyForm 990, Part VI, Section B, Line 11bPRIOR TO FILING THE RETURN, IT WAS PROVIDED TO THE MEMBERS OF THE AUDIT COMMITTEE AND SUBSEQUENTLY PRESENTED FOR REVIEW AT A REGULARLY SCHEDULED AUDIT COMMITTEE MEETING. PRIOR TO FILING THE RETURN, IT WAS MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF TRUSTEES VIA A SECURED WEBSITE.
Conflict of interest policyForm 990, Part VI, Section B, Line 12cTHE 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.
Process used to establish compensation of top management officialForm 990, Part VI, Section B, Line 15aTHE 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.
Process used to establish compensation of other officers/key employeesForm 990, Part VI, Section B, Line 15bTHE EXECUTIVE COMPENSATION SUBCOMMITTEE REVIEWS THE PROPOSED SALARIES OF THE FOLLOWING POSITIONS: PRESIDENT; PROVOST AND SVP ACADEMIC AFFAIRS; SVP FINANCE AND ADMINISTRATION; SVP ENROLLMENT MANAGEMENT AND CAREER SERVICES; VP FOR RESEARCH AND ASSOC PROVOST; VP DEVELOPMENT AND ALUMNI RELATIONS; SVP STUDENT AFFAIRS; PRESIDENT NTID, VP AND DEAN RIT; VP FOR STRATEGIC PLANNING AND SPECIAL INITIATIVES; VP GOVERNMENT AND COMMUNITY RELATIONS; VP DEAN INSTITUTE HEALTH SCIENCES AND TECHNOLOGY; AND VP AND ASSOC PROVOST FOR DIVERSITY AND INCLUSION. THE EXECUTIVE COMPENSATION SUBCOMMITTEE 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 SUBCOMMITTEE REPORTS ANNUALLY TO THE FINANCE COMMITTEE AND TO THE FULL BOARD CONCERNING THE EVALUATION OF OFFICERS AND THE ESTABLISHMENT OF THEIR COMPENSATION.
Governing documents, conflict of interest policy and financial statements available to the publicForm 990, Part VI, Section C, Line 19THE 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 MANUAL. ADDITIONALLY, THESE DOCUMENTS ARE AVAILABLE UPON REQUEST.

Schedule R IRS990ScheduleR

Form990 Schedule R Part I Form990ScheduleRPartI

Name Of Disregarded Entity NameOfDisregardedEntity

FieldValueIRS element (for citing)
Business Name Line15257 W HENRIETTA ROAD LLCBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line15257 W HENRIETTA RDAddressLine1
CityHENRIETTACity
StateNYState
ZIP Code14586ZIPCode
FieldValueIRS element (for citing)
EIN161609483EIN
Primary ActivitiesOWN REAL PROPERTYPrimaryActivities
Legal Domicile StateNYLegalDomicileState
Total Income5566830TotalIncome
EOY Assets22979076EOYAssets

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1NABusinessNameLine1

Form990 Schedule R Part II Form990ScheduleRPartII (4 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodePrimary ActivitiesPrimaryActivitiesLegal Domicile StateLegalDomicileStateExempt Code SectionExemptCodeSectionPublic Charity StatusPublicCharityStatusBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Controlled OrgControlledOrgAddress Line1AddressForeign/AddressLine1Province Or StateAddressForeign/ProvinceOrStateCountryAddressForeign/CountryLegal Domicile Foreign CountryLegalDomicileForeignCountry
RIT GLOBAL DELIVERY CORPORATION
7 LOMB MEMORIAL DRIVEROCHESTERNY14623EDUCATIONAL PURPOSESNY501(C)(3)11 - Type IINAfalse
AMERICAN COLLEGE OF MANAGEMENT AND TECHNOLOGY
EDUCATIONAL PURPOSES501(C)(3)2RIT GLOBAL DELIVERY CORPORATIONfalseDON FRANA BULIKA 6DUBROVNIKHRHR
RIT HIGH TECHNOLOGY INCUBATOR
7 LOMB MEMORIAL DRIVEROCHESTERNY14623TECH TRAINING SMALL BUSNY501(C)(3)11 - Type IINAfalse
RIT CAMPUS CLUB
39 LOMB MEMORIAL DRIVEROCHESTERNY14623SUPPORT RITNY501(C)(3)11 - Type IINAfalse

Form990 Schedule R Part III Form990ScheduleRPartIII

Name Of Related Org NameOfRelatedOrg

FieldValueIRS element (for citing)
Business Name Line1RIT VENTURE FUNDBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line15 LOMB MEMORIAL DRIVEAddressLine1
CityROCHESTERCity
StateNYState
ZIP Code14623ZIPCode
FieldValueIRS element (for citing)
Primary ActivityINVESTMENTSPrimaryActivity
Legal Domicile StateDELegalDomicileState

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1ROCHESTER INSTITUTE OF TECHNOLOGYBusinessNameLine1
FieldValueIRS element (for citing)
Predominant Income TypeUNRELATEDPredominantIncomeType
Share Of Total Income0ShareOfTotalIncome
Share Of EOY Assets5500ShareOfEOYAssets
Disproportionate AllocationstrueDisproportionateAllocations
Code V$0CodeVAmount
General Or Managing PartnerfalseGeneralOrManagingPartner
Percentage Ownership1PercentageOwnership
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents RoyaltiestrueReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other OrgtrueGiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other OrgfalseGiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other OrgfalseLoansOrGuaranteesFromOtherOrg
Dividends Related OrganizationfalseDividendsRelatedOrganization
Sale Of Assets To Other OrgfalseSaleOfAssetsToOtherOrg
Purchase Of Assets From Other OrgfalsePurchaseOfAssetsFromOtherOrg
Exchange Of AssetsfalseExchangeOfAssets
Rental Of Facilities To Other OrgsfalseRentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other OrgsfalseRentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other OrgstruePerformOfServicesForOtherOrgs
Perform Of Services By Other OrgsfalsePerformOfServicesByOtherOrgs
Sharing Of FacilitiesfalseSharingOfFacilities
Sharing Of Paid EmployeesfalseSharingOfPaidEmployees
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrg
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrg
Other Transfer To Other OrgtrueOtherTransferToOtherOrg
Other Transfer From Other OrgtrueOtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (4 entries)

Transaction TypeTransactionTypeAmount InvolvedAmountInvolved
RIT CAMPUS CLUB
A678756
RIT CAMPUS CLUB
L2372412
RIT GLOBAL DELIVERY CORPORATION
R1421790
RIT VENTURE FUND I LLC
B348395

Form990 Schedule R Part VII Form990ScheduleRPartVII

FieldValueIRS element (for citing)
IdentifierRELATED ORGANIZATIONS TAXABLE AS A PARTNERSHIPIdentifier
Return ReferencePART IIIReturnReference
ExplanationRIT VENTURE FUND I, LLC WAS CREATED TO MAKE INVESTMENTS IN SEED, VENTURE, AND GROWTH-STAGE COMPANIES THAT INVOLVE RIT STUDENTS, FACULTY, TECHNOLOGIES, OR INCUBATORS OR SIMILAR FACILITIES GENERATED BY, CONNECTED WITH, OR SPUN-OUT FROM RIT.Explanation

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