2014-05-13T18:00:40-05:00 2013-06-30 990 2012-07-01 201151703 RIT GLOBAL DELIVERY CORPORATION RITG 5854752383 5 Lomb Memorial Drive Rochester NY 146235603 JAMES H WATTERS 2014-05-12 2012 2015-11-30 17:44:51Z JAMES H WATTERS 7 Lomb Memorial Drive Rochester NY 146235603 5039401 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 35 0 0 0 4969 12132 5276270 5024494 -1009 -2324 0 0 5280230 5034302 155764 255450 0 0 4185324 4104228 0 0 0 2129237 2022448 6470325 6382126 -1190095 -1347824 2805693 3006727 1499737 3048595 1305956 -41868 PROVIDE ADMINISTRATIVE AND OTHER SUPPORT SERVICES TO ACADEMIC PROGRAMS SPONSORED BY ROCHESTER INSTITUTE OF TECHNOLOGY BOTH IN THE UNITED STATES AND ABROAD. false false 4689540 255450 5024494 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. 4689540 true true 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 35 true false true HR false false false false false false 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 0.10 40.00 X X 0 329612 39375 JAMES H WATTERS 0.10 40.00 X X 0 429929 81196 JEREMY A HAEFNER 0.10 40.00 X X 0 421315 94531 NANCY FEIN 0.10 0.10 X X 0 0 0 CHRISTINE B WHITMAN 0.10 0.10 X 0 0 0 JAY T HOLMES 0.10 0.10 X 0 0 0 RICHARD A KAPLAN 0.10 0.10 X 0 0 0 ROBERT MOORE 0.10 0.10 X 0 0 0 WILLEM APPELO 0.10 0.10 X 0 0 0 WILLIAM W DESTLER 0.10 40.00 X 0 808011 89535 0 1988867 304637 false true false 0 12132 12132 TUITION 900099 3095616 3095616 EDUCATIONAL SUPPORT SERVICES 611710 1928878 1928878 0 0 0 0 0 0 0 5024494 1219 1219 0 0 0 0 0 1556 0 1581 3518 -25 -3518 -3543 -3543 0 0 0 0 0 0 0 0 0 0 0 5034302 5024494 0 -2324 0 0 255450 255450 0 0 0 2576282 1949782 626500 0 1476449 1130085 346364 51497 51497 0 41667 41667 56419 56419 0 0 0 320963 109735 211228 0 228255 228255 251349 171857 79492 25383 4393 20990 0 223076 164266 58810 433781 265349 168432 0 2713 523 2190 0 0 300444 291006 9438 22511 185 22326 STUDY ABROAD STUDENT HOUSING 58050 58050 BAD DEBT EXPENSE 44815 44815 CURRENCY LOSS 8055 5918 2137 4967 3189 1778 0 6382126 4689540 1692586 0 0 1324074 1706982 864257 951028 0 0 12642 7481 2156087 1814851 604720 341236 0 0 0 0 0 0 2805693 3006727 157534 244206 147997 188392 0 1194206 2615997 1499737 3048595 X 1305956 -41868 1305956 -41868 2805693 3006727 -1347824 0 X false true X false false X X X false false false ROCHESTER INSTITUTE OF TECHNOLOGY 160743140 2 true true true 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1596235 1515955 80280 559852 298896 260956 0 341236 0 OTHER ACCRUED LIABILITIES 36881 ROCHESTER INSTITUTE OF TECHNOLOGY INTERCOMPANY BALANCE-NET 2579116 2615997 X FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 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 FIN 48, AND INTERPRETATION OF SFAS 109 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 FIN 48, AND AS SUCH, HAS INCLUDED THE EFFECTS OF THOSE TAX POSITIONS IN ITS FINANCIAL STATEMENTS. EUROPE (INCLUDING ICELAND AND GREENLAND) 3 86 PROGRAM SERVICES ACADEMIC INSTRUCTION 5305467 CENTRAL AMERICA AND THE CARIBBEAN 1 3 PROGRAM SERVICES ACADEMIC INSTRUCTION 69636 MIDDLE EAST AND NORTH AFRICA 1 6 PROGRAM SERVICES ACADEMIC INSTRUCTION 355661 5 95 5730764 SCHOLARSHIPS EUROPE (INCLUDING ICELAND AND GREENLAND) 195 255450 APPLIED AGAINST TUITION false false true false false true Method used to account for expenditures on organization's financial statements Schedule F, Part I, Line 3 CENTRAL AMERICA AND THE CARIBBEAN: ACCRUAL EUROPE (INCLUDING ICELAND AND GREENLAND): ACCRUAL MIDDLE EAST AND NORTH AFRICA: ACCRUAL Method used to account for expenditures on organization's financial statements Schedule F, Part I, Line 3 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 0 404478 0 14515 0 2322 0 22500 0 72031 0 515846 0 0 WILLIAM W DESTLER 0 752901 0 45843 0 9267 0 22500 0 67035 0 897546 0 0 JAMES G MILLER 0 314810 0 5969 0 8833 0 25000 0 14375 0 368987 0 0 JAMES H WATTERS 0 411339 0 14801 0 3789 0 25000 0 56196 0 511125 0 0 FAMILY AND BUSINESS RELATIONSHIPS FORM 990, PART VI, LINE 2 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). Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b 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. Conflict of interest policy Form 990, Part VI, Section B, Line 12c 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 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 APPROVES 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 FORM 990, PART VI, LINE 15 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. Governing documents, conflict of interest policy and financial statements available to the public Form 990, Part VI, Section C, Line 19 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. CONSOLIDATED FINANCIAL STATEMENTS FORM 990, PART XII, LINE 2C 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. AMERICAN COLLEGE OF MANAGEMENT & 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 EDUCATIONAL PURPOSES NY 501(C)(3) 2 NA false RIT HIGH TECHNOLOGY INCUBATOR 7 LOMB MEMORIAL DRIVE ROCHESTER NY 14623 TECH TRAINING AND SMALL BUSINESS NY 501(C)(3) 11 - Type II NA false RIT CAMPUS CLUB INC 39 LOMB MEMORIAL DRIVE ROCHESTER NY 14623 SUPPORT RIT NY 501(C)(3) 11 - Type II NA false RIT VENTURE FUND 5 LOMB MEMORAL DRIVE ROCHESTER NY 14623 INVESTMENTS DE N/A 0 0 0 false false false false false false false false false false false false false false false false false false true ROCHESTER INSTITUTE OF TECHNOLOGY S 1421790 FAIR VALUE