2012-05-14T12:11:37-05:00 2011-06-30 BKD LLP 200 E Main Street Suite 700 Fort Wayne IN 468001900 990 2010-07-01 350868149 Rose-Hulman Institute of Technology ROSE 8128778111 5500 Wabash Avenue CM 21 Terre Haute IN 47803 Robert A Coons 8128778172 2012-05-10 1 2604604033 2010 2016-02-24 21:20:13Z Robert A Coons 5500 Wabash Avenue CM 21 Terre Haute IN 47803 167344360 0 X www.rose-hulman.edu X 1874 IN To provide the world's best undergraduate education in engineering, mathematics, and science. 39 36 2137 39 132361 0 8679014 9786055 75080148 80130137 5438809 4606852 766480 685131 89964451 95208175 24240380 26423249 0 0 44888048 45602316 0 97375 4463724 24214035 25453442 93342463 97576382 -3378012 -2368207 286579808 307020440 68939708 67886834 217640100 239133606 X To provide our students with the world's best undergraduate education in engineering, mathematics and science in an environment of individual attention and support. 0 0 61091995 26423249 80121842 Student Instruction - teaching faculty/related administrative salaries: costs associated therewith (i.e. library, computer services, student aid), fall 2010 enrollment 1,977. 9986362 0 Student Services - admissions, placement, student counseling services, health services and athletic programs. 9787148 Auxiliary Enterprises - student residence halls, food services, Student Union Building and Bookstore. 4193214 Operation and maintenance of Plant 4193214 85058719 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 1 88 0 1 2137 0 1 1 0 0 0 0 1 0 0 0 X 39 36 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X Robert A Coons VP and CAO 8128778111 5500 Wabash Avenue Terre Haute IN 47803 William Fenoglio X 0 0 0 Jeffrey Belskus X 0 0 0 Niles Noblitt X 0 0 0 Thomas Dinkel X 0 0 0 Robert Bright X 0 0 0 Jeffrey Burgan X 0 0 0 Bruce Cahill X 0 0 0 Patrick Cahill X 0 0 0 James Coles X 0 0 0 Carl Cook X 0 0 0 B Guille Cox Jr X 0 0 0 Dennis Cuneo X 0 0 0 Anton Hulman George X 0 0 0 Gregory Gibson X 0 0 0 Gregory Gotward X 0 0 0 Elizabeth Hagerman X 0 0 0 Michael Hatfield X 0 0 0 Donald Ings X 0 0 0 Elizabeth H Klimes X 0 0 0 Melendy Lovett X 0 0 0 Greggory Lowe X 0 0 0 Chris Mack X 0 0 0 Jeffrey McCreary X 0 0 0 Warren L Mickens X 0 0 0 W Darin Moody X 0 0 0 William Olah X 0 0 0 Carlton C O'Neal X 0 0 0 Eston L Perry X 0 0 0 Jack Ragle X 0 0 0 Robert J Schacht X 0 0 0 William D Schindel X 0 0 0 John V Titsworth X 0 0 0 Jimmie Trueblood X 0 0 0 Michael Andrew Williams X 0 0 0 Clyde Willian X 0 0 0 Heidi Davidson X 0 0 0 David LHannum X 0 0 0 Robert W Pease X 0 0 0 Matt Branam 60.00 X 406912 0 19157 Robert Coons 60.00 X 230993 0 26808 James Goecker 60.00 X 149295 0 21046 William Kline 60.00 X 186441 0 27003 Arthur Western 60.00 X 136066 0 18690 Peter Gustafson 60.00 X 150568 0 10058 Louis Turcotte 40.00 X 168649 0 22083 Azad Siahmakoun 40.00 X 161748 0 25598 James McKinney 40.00 X 165128 0 21882 Daniel Moore 40.00 X 165768 0 26544 S Allen Broughton 40.00 X 149536 0 25876 Donald Fry 40.00 X 238349 0 8760 2309453 0 253505 59 1 1 0 CH Garmong & Son Inc 3050 Poplar Street Terre Haute IN 47803 General Contracting Services 1509820 Sycamore Engineering 1010 Chestnut Street Terre Haute IN 47807 General Contracting Services 803673 Bennett & Hair Contractors 1211 Poplar Street Terre Haute IN 47807 General Contracting Services 368212 Borshoff PO Box 7160 Indianapolis IN 46207 Marketing Services 231461 Williams-Randall Marketing PO Box 1800 Terre Haute IN 47808 Marketing Services 226790 6 18518 1522509 8245028 586989 9786055 Tuition and Fees 611710 67282483 67282483 Auxiliary Enterprises 611710 11371364 11371364 Other Sources 611710 1467995 1467995 Advertising Revenue 541800 8295 8295 80130137 2590602 -11895 2602497 245531 11063 245531 11063 256594 135961 120633 74140653 72124403 2016250 2016250 2016250 17082 18518 11782 5300 5300 423237 423237 423237 95208175 80121842 132361 5167917 26423249 26423249 1383036 621584 548418 213034 31410769 26964166 2848216 1598387 2710120 2275978 306366 127776 7837194 6430913 1083629 322652 2261197 1907791 234206 119200 82588 28677 53638 273 170401 170401 97375 97375 1488824 549014 108302 831508 633429 299732 162240 171457 3649396 2800365 703461 145570 234675 99133 131381 4161 2869176 2501049 206525 161602 1707965 1153584 323250 231131 101687 65704 28258 7725 2561210 2449402 111808 6178419 5906934 271485 511891 368881 143010 Food Service Fees 2354734 2348870 5864 Other 1549004 965034 267024 316946 Non-Capital Equipment 1023109 736515 253031 33563 Membership/Professional 336934 162144 93426 81364 97576382 85058719 8053939 4463724 31564 26278 13482561 10028642 1242564 5091020 3281863 4354712 5778449 5554646 744786 755481 200099595 102659453 96834285 97440142 86787953 99031742 71007309 76498147 7388474 8239630 286579808 307020440 5760134 5891136 1720003 1638989 42030000 40415000 50000 19379571 19941709 68939708 67886834 X 121317703 133666683 31094849 37491075 65227548 67975848 217640100 239133606 286579808 307020440 X -2368207 23861714 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2598495 X 0 161946698 2736717 28209165 4036958 6946719 181908903 150784469 1516413 20622688 4055771 6921101 161946698 190328847 1454472 -28706436 3931775 8360639 150784469 0.48000 0.52000 0 0 8655261 8655261 139597317 58110413 81486904 45836082 41818960 4017122 6010935 2730080 3280855 97440142 Private Equity 10272547 F Hedge funds and fund of funds 56978189 F Real Assets 9247411 F 76498147 Accrued Post Retirement Benefit Obligation 11750371 Annuity/Distribution Payable 3118795 Federal Perkins Loan Advances Payable 3680829 Deposits 329875 Other 397348 Gate Loan Reserve 662447 Unclaimed Property 2044 19941709 95208175 97576382 -2368207 24435656 -573942 23861714 21493507 121492200 24435656 -547194 23888462 97603738 -2395564 -2395564 95208174 99998694 0 99998694 -2422312 -2422312 97576382 Part III, Line 4: Rose-Hulman Institute of Technology holds in its collection various works of art acquired by purchase and donations. These works are displayed in various buildings on campus to assist students in developing an appreciation for art and design. Description of Intended Use of Endowment Funds: Part V, Line 4: The Institute's endowment funds provide financial support of the Institutes academic and other needs. The earnings from the investment of the endowed funds provide student scholarships, laboratory and equipment, and endowed chairs and professorships. Description of Uncertain Tax Positions Under FIN 48: Part X: During fiscal year 2010, the Institute adopted the provisions of ASC Topic 740, Income Taxes, concerning the accounting and disclosures for certain tax positions, previously deferred by ASC Topic 740-10-65. As part of the implementation of this standard, management evaluated its current tax positions and determined the adoption of this standard had no material impact on the financial statements of the Institute. The Institute files tax returns in the U.S. federal jurisdiction. With a few exceptions, the Institute is no longer subject to U.S. federal examinations by tax authorities for years before 2007. Part XI, Line 8 - Other Adjustments: Change in Value of Split Interest Agreements -748,346. Change in Value of RHV Investments 174,404. Part XII, Line 2d - Other Adjustments: Change in Value of Split Interests -748,346. Change in Value of RHV Invesments 174,404. Bookstore Rent 26,748. Part XII, Line 4b - Other Adjustments: Bookstore/Laptop Cost of Goods Sold -2,395,564. Part XIII, Line 4b - Other Adjustments: Bookstore/Laptop Cost of Goods Sold -2,395,564. Bookstore Rent -26,748. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Explanation of Nondiscriminatory Policy Publication Schedule E, Part I, Line 3 Solicitation of students is accomplished through direct mailings or contact with high school counselors. Mailings include a statemnt of racial non-discrimination. The Institute's admissions policies are in accordance with Sec 4.02 of Rev. Proc 75-50. Explanation of Government Financial Assistance Schedule E, Part I, Line 6 Financial aid for both students and the Institute is received from the Department of Education along with funds from various Indiana State Agencies. These funds are disbursed without regard to race, religion, or national origin of students. The Institute also received from various federal and state agency's grants for the purpose of research and acquisition of equipment. X X X X 1 RuffaloCODY PO Box 3018 Cedar Rapids IA 52406 Management of annual phone-a-thon. 0 505284 96735 0 505284 96735 IN Scholarship Golf Scramble 35600 18518 17082 790 443 8626 1923 35600 18518 17082 790 443 8626 1923 11782 5300 1 Endowed Scholarships 753 3590525 Non-Endowed Scholarships 103 444152 Institutional Financial Aid 1832 22388572 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The Federal and State funds provided for financial aid to students of Rose-Hulman follows all regulations. Each year the regulations are evaluated to verify that all regulations are being followed based on each funds criteria. X X X 1 1 X X X X X X 1 0 0 0 0 0 0 0 0 Matt Branam 387332 0 0 0 19580 0 0 0 19157 0 426069 0 0 0 Robert Coons 210299 0 0 0 20694 0 0 0 26808 0 257801 0 0 0 James Goecker 136405 0 0 0 12890 0 0 0 21046 0 170341 0 0 0 William Kline 169521 0 0 0 16920 0 0 0 27003 0 213444 0 0 0 Arthur Western 124509 0 0 0 11557 0 0 0 18690 0 154756 0 0 0 Peter Gustafson 137236 0 0 0 13332 0 0 0 10058 0 160626 0 0 0 Louis Turcotte 153005 0 0 0 15644 0 0 0 22083 0 190732 0 0 0 Azad Siahmakoun 151876 0 0 0 9872 0 0 0 25598 0 187346 0 0 0 James McKinney 150093 0 0 0 15035 0 0 0 21882 0 187010 0 0 0 Daniel Moore 150695 0 0 0 15073 0 0 0 26544 0 192312 0 0 0 S Allen Broughton 136012 0 0 0 13524 0 0 0 25876 0 175412 0 0 0 Donald Fry 238349 0 0 0 0 0 0 0 8760 0 247109 0 0 0 Part I, Line 1a Matt Branum, the President of the Institute, receives club dues which are grossed for tax purposes. The President also receives a housing allowance, which is reported in Schedule J, Part II. The employment contract between Don Fry and the Institute was terminated on March 12, 2010. Severance payments totaling $183,351.53. Indiana Educational Facilities Authority 521698917 4550483N6 2004-12-16 16905000 Refunding of 1995 and 1996 Series bonds 0 0 0 Indiana Educational Facilities Authority 521698917 455057ZN2 2010-09-08 21645000 Refunding of 1999 and 2003 Series bonds 0 0 0 16954239 185135 16769104 2004 1 0 1 1 21645000 432900 21212100 2010 1 0 1 1 0 0 0 0 1 1 David Hannum Part owner of CH Garmong and member of the Board of Trustees of RHIT 1509820 CH Garmong provided general contracting services to RHIT for renovation of the library. 0 Tom Dinkel CEO of Sycamore Engineering and member of the Board of Trustees of RHIT 803673 Sycamore Engineering provided engineering services to RHIT on several capital projects. 0 X 25 586989 Fair-Value X Equipment 1 5000 Fair Market Value X Software 1 141926 Fair Market Value X Miscellanous 1 10500 Fair Market Value 0 1 1 Form 990, Part VI, Section B, line 11 The form was reviewed in detail and approved by the Audit Committee of the Board of Trustees. The document was made available to all members of the Board of Trustees prior to submission to the IRS. Form 990, Part VI, Section B, line 12c The Institute requires every member of the Board of Trustees, faculty and staff to submit a written conflict of interest disclosure annually as well as immediately upon the identification of any apparent or implied conflict. These submissions are each reviewed by the Chair of the Audit Committee of the Board of Trustees and summarized for presentation to the committee. Form 990, Part VI, Section B, line 15 Rose-Hulman Institute of Technology's board of Trustees Compensation Committee annually performs a review of executive compensation for the President and the President's Cabinet. The review is designed to follow industry best practices and to comply with the IRS intermediate sanctions provision. In performing their annual review, the Committee reviews information from the Presidential performance review, compensation surveys, compensation at comparable organizations, and independent, third party reviews when deemed appropriate. The Committee makes compensation recommendations for the President for approval by the full Board of Trustees and approve the President's recommendations for his Cabinet. Form 990, Part VI, Section C, line 19 As a private institution, Rose-Hulman Institute of Technology does not publicly distribute governing documents and its Conflict of Interest Policy. Audited financial statements are released to the public upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 24,435,656. Change in Value of Split Interest Agreements -748,346. Change in Value of RHV Investments 174,404. Total to Form 990, Part XI, Line 5: 23,861,714. GED Unitrust 1525 West WT Harris Boulevand D1114 Charlotte NC 28288 356427750 Net Income with Makeup Charitable Remainder Trust IN T JCF Unitrust 1525 West WT Harris Boulevand D1114 Charlotte NC 28288 352036861 Standard Charitable Remainder Trust IN T ERSA Unitrust 1525 West WT Harris Boulevand D1114 Charlotte NC 28288 351866816 Standard Charitable Remainder Trust IN T MAC Unitrust 1525 West WT Harris Boulevand D1114 Charlotte NC 28288 352036856 Net Income with Makeup Charitable Remainder Trust IN T BAB Unitrust 1525 West WT Harris Boulevand D1114 Charlotte NC 28288 352036859 Net Income with Makeup Charitable Remainder Trust IN T JKS CR Unitrust 1525 West WT Harris Boulevand D1114 Charlotte NC 28288 351960458 Net Income with Makeup Charitable Remainder Trust IN T RSM Unitrust 1525 West WT Harris Boulevand D1114 Charlotte NC 28288 352036864 Net Income with Makeup Charitable Remainder Trust IN T DGM Unitrust 1525 West WT Harris Boulevand D1114 Charlotte NC 28288 351944300 Standard Charitable Remainder Trust IN T MJL Unitrust 1525 West WT Harris Boulevand D1114 Charlotte NC 28288 351845392 Net Income with Makeup Charitable Remainder Trust IN T NBK unitrust 1525 West WT Harris Boulevand D1114 Charlotte NC 28288 352036857 Net Income with Makeup Charitable Remainder Trust IN T MCP Unitrust 5500 Wabash Avenue Terre Haute IN 47803 206452698 Standard Charitable Remainder Trust IN T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0