2012-11-02T15:38:41-00:00 2011-06-30 990 2010-07-01 160743140 Rochester Institute of Technology ROCH 5854752383 7 Lomb Memorial Drive Rochester NY 14623 James H Watters 2012-05-10 false 2010 2016-02-25 16:41:14Z X William Destler 7 Lomb Memorial Drive Rochester NY 14623 707812474 false X www.rit.edu X 1905 NY To provide technology-based educational programs for personal and professional development. We rigorously pursue new and emerging career areas. Teaching, scholarship, leadership and development, and student success are our central enterprises. To provide technology-based educational programs for personal and professional development. We rigorously pursue new and emerging career areas. Teaching, scholarship, leadership and development, and student success are our central enterprises. 57 54 11961 2944 4489705 -1559675 122190381 125153579 419749056 442479195 21741700 24663760 9164485 11356062 572845622 603652596 121589047 129298642 0 299712874 315251754 0 8196686 152914027 130377567 574215948 574927963 -1370326 28724633 1339883724 1462494283 459839192 475174098 880044532 987320185 We develop and deliver curricula and advance scholarship relevant to emerging technologies and social conditions. Internal and external relationships expand our students experiential learning. Our community is committed to diversity and student centeredness and is distinguished by our innovative and collaborative spirit. false false 373081801 126377996 366111665 Instruction and Academic Support - Established in 1829, RIT is a private coeducational university located in upstate New York, with approximately 17,200 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 RITs colleges, is the worlds first and largest technical college for deaf students with approximately 990 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 2,823 full time equivalents FTEs or 24.7 from 11,414 in 2000 to 14,237 in 2010. Total scholarships increased 8.3 over the prior year and institutionally funded scholarships increased by 8.7 over the prior year. 105789391 48723 68312205 Student 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 RITs educational mission. These services include housing operations and dining services. Sales Services of auxiliary enterprises generated total revenue of 63.8 million, an increase of 3.4 million over the prior year. Surpluses from auxiliary operations support the operating budget of the University. 42545272 2867921 8055325 Research 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 Universitys exempt mission, while providing positive returns to our sponsoring partners. As articulated in RITs strategic plan, the University continues to expand its research portfolio resulting in a revenue growth of 3.9 from all sources over the prior year. 521416464 true false false true false true true false true true true false false true true false true true false true true false false false false false true true true true false false false false false false false false false true true true false false true true true true false false true 1156 0 true 11961 true true true true HR false false false true true false false false false X 57 54 true false false false false false false true true false false true true true true true true true true false NY X X Lyn Kelly 5854752383 7 Lomb Memorial Drive Rochester NY 146235603 William W Destler 040.00 X 695694 0 75888 James J DeCaro 040.00 X 261240 0 20989 Jeremy A Haefner 040.00 X 355017 0 40931 Karen A Barrows 040.00 X 102608 0 14100 James G Miller 040.00 X 380224 0 28823 James H Watters 040.00 X 539380 0 42022 Lisa A Cauda 040.00 X 243452 0 27683 Deborah M Stendardi 040.00 X 213141 0 29003 Donald L Boyd 040.00 X 208219 0 23934 Katherine J Mayberry 040.00 X 201938 0 27564 Mary Beth A Cooper 040.00 X 219973 0 30615 Stanley McKenzie 040.00 X 193745 0 22957 Donald O Baker 040.00 X 243259 0 19225 Donald F Figer 040.00 X 260356 0 25923 Nabil Z Nasr 040.00 X 332596 0 33338 Ashok Rao 040.00 X 309983 0 25557 John R Schott 040.00 X 238286 0 29902 Willem Appelo 000.10 X 0 0 0 Kathleen C Anderson 000.10 X 0 0 0 Donald N Boyce 000.10 X 0 0 0 Andrew N Brenneman 000.10 X 0 0 0 Irene Taylor Brodsky 000.10 X 0 0 0 Charles S Brown Jr 000.10 X 0 0 0 William A Buckingham 000.10 X 0 0 0 David J Burns 000.10 X 0 0 0 Ann L Burr 000.10 X 0 0 0 Essie L Calhoun 000.10 X 0 0 0 Mark C Clement 000.10 X 0 0 0 Thomas A Curley 000.10 X 0 0 0 Robert Dobies 000.10 X 0 0 0 Donna J Ehrhart 000.10 X 0 0 0 Nancy L Fein 000.10 X 0 0 0 B Thomas Golisano 000.10 X 0 0 0 Arthur A Gosnell 000.10 X 0 0 0 Bart G Guerreri 000.10 X 0 0 0 Brian H Hall 000.10 X 0 0 0 Jeffrey K Harris 000.10 X 0 0 0 Frank S Hermance 000.10 X 0 0 0 Susan R Holliday 000.10 X 0 0 0 Jay T Holmes 000.10 X 0 0 0 Samuel T Hubbard Jr 000.10 X 0 0 0 Thomas F Judson Jr 000.10 X 0 0 0 Richard A Kaplan 000.10 X 0 0 0 Kraig H Kayser 000.10 X 0 0 0 Joyce B Klemmer 000.10 X 0 0 0 David Koretz 000.10 X 0 0 0 Gary J Lindsay 000.10 X 0 0 0 Joseph M Lobozzo II 000.10 X 0 0 0 Lawrence J Matteson 000.10 X 0 0 0 Roosevelt Ted Mercer Jr 000.10 X 0 0 0 Harold M Mowl Jr 000.10 X 0 0 0 Brian P O'Shaughnessy 000.10 X 0 0 0 Sandra A Parker 000.10 X 0 0 0 Wolfgang Pfizenmaier 000.10 X 0 0 0 Gerard Q Pierce 000.10 X 0 0 0 Susan M Puglia 000.10 X 0 0 0 Robert W Rice 000.10 X 0 0 0 Thomas S Richards 000.10 X 0 0 0 Susan J Riley 000.10 X 0 0 0 Richard E Sands 000.10 X 0 0 0 Janet F Sansone 000.10 X 0 0 0 Carl E Sassano 000.10 X 0 0 0 Stephen L Schultz 000.10 X 0 0 0 Frank S Sklarsky 000.10 X 0 0 0 Kevin J Surace 000.10 X 0 0 0 Sharon Ting 000.10 X 0 0 0 Harry P Trueheart III 000.10 X 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410535 75805 334730 334730 334730 115909328 52182 103562234 521839 12347094 -469657 11877437 11877437 RIT Inn and Conference Center 721110 3611935 3611935 bookstoreBookstore comissions 451211 915249 915249 Deconsolidation of subsidiary 900099 2236922 2236922 4028849 1938223 531907 1558719 10792955 603652596 383228183 4489705 90781129 455005 455005 128689571 128689571 154066 154066 0 3551070 1099876 1965630 485564 0 226904876 204818484 17745183 4341209 17555251 15589094 1606938 359219 51879791 44726134 5663904 1489753 15360766 13640387 1406064 314315 302302 123542 178760 920218 229690 570696 119832 259453 259453 382387 376762 5625 132626 132626 21875954 16654474 5037415 184065 820507 672537 111892 36078 38173789 33508271 4274196 391322 5612238 4619528 899820 92890 21952 21952 11724908 11265257 459651 11003054 9548493 1102106 352455 0 47780 47518 262 7895597 7485026 410571 0 31981625 29226258 2755367 1476931 1403490 73441 Postretirement benefits actuarial change -8863647 -7870934 -972400 -20313 Nonoperating asset retirement obligation -730691 -698099 -32592 Captioning 171614 171614 Gain/loss on extinguishment of debt 3068397 2931533 136864 Bad debt expense 2215364 174368 2040996 1885209 2729329 -888792 44672 574927963 521416464 45314813 8196686 1194523 14453462 52172854 53538660 33698032 34329615 55566279 63565768 2147802 1991203 6004527 6113779 874854749 341268906 514018990 533585843 298035626 339155997 374026567 413296324 3018524 2463632 1339883724 1462494283 54580924 52131564 30680821 30175718 203300426 228044690 171277021 164822126 459839192 475174098 X 672341094 640056352 83419247 215262911 124284191 132000922 880044532 987320185 1339883724 1462494283 X 28724633 78551020 X false true true X true true X 0.00000 0.00000 0.00000 20957 403344 424301 521173678 521597979 1000000 250000 1000000 1000000 1000000 1000000 4000000 6000000 433163 440376 442558 424301 1740398 250000 250000 250000 250000 1000000 1500000 28158 33127 32790 20957 115032 X X 1 32.00 1 false 4000 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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 schools curriculum of several courses which actually meet in the library. The Collections holdings are also available to outside researchers. III 4 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. III 4 The Public Art on Campus Collection is a series of 31 pieces of fine art including, but not limited to murals, paintings, 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. IV 11f 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 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, has included the effects of those tax positions in its financial statements. V 4 The intended uses of the Universitys endowment funds, as determined by either donor restriction or board designation, include scholarships, awards, professorships, lectures, and other general support of the Universitys educational and research mission. true true true true true true true false false false false false false false false true false true Part I 6a The 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. true Europe Grantmaking 154066 Central America and the Caribbean Investments 157487739 Europe Investments 945809 158587614 158587614 Europe Research of cognitive skills of deaf and hearing children 154066 check 1 true true true false true false I 2 Primary monitoring activities include site visits, review of program progress reports, site visits and detailed review of receipts supporting grant expenditures by the director of the network and University accounting staff. true American Heart Association 1 Union St Suite 301 Robbinsville NJ 086914183 135613797 501c3 5000 Sponsor event - Heart Walk Association for Late Deafened Adults 8038 Macintosh Ln Rockford IL 61107 363583674 501c3 7000 Sponsor conference Children's Success Fund Special Events 2000 Jefferson Rd Pittsford NY 14534 262998673 28000 Sponsor event - LPGA Council on Competitiveness 1500 K Street NW Suite 850 Washington DC 20005 521872849 501c3 20000 Sponsor public outreach - US Manufacturing Competitiveness Greater Rochester Enterprise Inc One HSBC Plaza 100 Chestnut St Ste Rochester NY 14604 100000080 50000 General support Hearing Loss Association of America 25 Westminster Road Rochester NY 14607 521177011 501c3 7000 Sponsor event - Walk for Hearing Henrietta Fire District 850 Bailey Road West Henrietta NY 14586 160974231 State of NY 35000 General support Henrietta Volunteer Ambulance Services Inc 280 Calkins Road Rochester NY 14623 160813592 501c3 5000 General support High Tech Rochester Inc 150 Lucius Gordon Dr 100 West Henrietta NY 14586 161195028 501c3 5000 Business plan contest donation National Association of the Deaf 8630 Fenton Street Suite 820 Silver Spring MD 209103819 941358295 501c3 9500 Conference sponsorship National Commission for Cooperative Education 360 Huntington Ave 384 CP Boston MA 021155096 136159027 501c3 32000 Educational grant New York Wine & Culinary Center Inc 800 South Main Street Canandaigua NY 14424 201682175 501c3 58500 General support Rochester Broadway Theatre League Inc 885 East Main Street Rochester NY 14605 160813592 501c3 12000 Sponsor captioning services Rochester Business Alliance 150 State Street Rochester NY 146141308 510439860 501c6 11500 General support Rochester General Hospital Foundation 1299 Portland Avenue Rochester NY 14621 222229425 501c3 5000 Sponsor event - Founder Gala 11 4 Scholarships 12700 122704270 Graduate research assistance 319 3440086 Fellowships 83 456269 Awards 220 172975 I 2 The University provides a limited number of grants and assistance as prizes and awards.Individuals and organizations must meet the Universitys predetermined and communicated criteria to be eligible to receive an award or prize. Scholarships, fellowships and other student related financial aid must be used for educational purposes. Scholarship and grants are credited directly to student accounts through an automated system authorized by the universitys office of financial aid and scholarships. X X X X false true X X X X X false false false false false false false false false William W Destler 689448 6247 22050 68200 785945 691321 James J DeCaro 234018 27222 13499 15369 290108 204447 Jeremy A Haefner 350819 4197 22050 32219 409285 368040 James G Miller 291997 80778 7449 24500 14655 419379 313008 James H Watters 379092 153562 6725 24500 25034 588913 467214 Lisa A Cauda 240239 3213 24180 11272 278904 241813 Deborah M Stendardi 209678 3464 21513 14278 248933 209589 Donald L Boyd 202733 5486 20460 6629 235308 208409 Katherine J Mayberry 197598 4340 20125 12048 234111 198531 Mary Beth A Cooper 217722 2251 21725 14737 256435 235453 Stanley McKenzie 187466 6279 19433 11363 224541 256815 Donald O Baker 151170 92088 15397 7565 266220 Donald F Figer 206156 54200 17085 19520 296961 Nabil Z Nasr 317217 15379 24500 18950 376046 328133 Ashok Rao 302843 7141 22050 9022 341056 298858 John R Schott 236387 1899 20962 15660 274908 237177 I b All of the benefits indicated are available to the President and certain benefits are available to select officers. Amounts that are considered taxable are reportable compensation included on the individuals form W-2. Since these benefits are limited to a very few individuals, a written policy is not considered necessary. However, the University has specific written policies pertaining to travel expenditures and payment/reimbursements prior to incurring the cost for these expenses. DASNY RIT Series 2002B 146000293 64983QH51 2006-05-04 15719523 See Part V false false false DASNY RIT Series 2006A 146000293 64983QF38 2006-05-04 61706239 See Part V false false false DASNY RIT Series 2008A 146000293 6499034Y4 2008-11-13 85352284 See Part V false false false DASNY RIT Series 2010 146000293 6499054S2 2010-10-21 83324343 See Part V false false false 15720929 141121 5000 9808 15565000 2004 true false true true false true true true true 0.01400 0.01400 true false true true true true 0.00900 0.00900 true false false false false false true false false false false false false false false false false false false false false false false false false Pike Company An officertrustee Thomas Judson is the owner and chairman of Pike Company 23248218 Fees for contruction related to Gobal Village facility and other capital projects false Xerox Corporation An officertrustee Willem Appelo is an officer of Xerox Corporation 709689 Fees for copier and other document related services false IV 1 Name of interested person - Pike Company Relationship - an officer, Thomas Judson, Jr. is the owner and chairman of Pike Company Amount of Transaction - 23,248,218 Description - Fees for construction associated with Global Village facility and other capital projects Sharing of Organization Revenues - No IV 2 Name of interested person - Xerox Corporation Relationship - an officer, Willem Appelo is an officer of Xerox Corporation Amount of Transaction - 709,689 Description - fees for copier and other document related services Sharing of Organization Revenues - No X 1 4000 Appraisal, FMV X 33 1811985 Mean Value date of gift X 1 221266 Appraisal, FMV X 2 38866 Appraisal, FMV X Software 3 1088680 FMV X Consumables 168 990598 FMV X Equipment 35 529395 FMV X Other 21 54429 FMV 2 false true false I Column b The University is reporting the number of contributions received during the year. Form 990 Part VI 2 Ann L. Burr, Mark C. Clement, B. Thomas Golisano, Susan R. Holliday, Richard A. Kaplan, David Koretz, Sandra A. Parker, Carl E. Sassano, Stephen L. Schultz, Harry P. Trueheart and Christine B. Whitman are RIT trustees. William W. Destler is an officer. Business relationship - Adventive B. Thomas Golisano Director, David Koretz Chairman and CEO Business relationship - Blue Tie B. Thomas Golisano Director, David Koretz CEO Business relationship - Complemar Partners Inc. Susan R. Holiday Director, Carl Sassano Director, and Christine Whitman Chair and CEO Business relationship - Frontier Communications Ann L. Burr President, Northern Region, Harry Trueheart Director of Frontier Telephone of Rochester a subsidiary Business relationship - Mykonos Software B. Thomas Golisano Director, David Koretz CEOBusiness relationship - One Stream Networks LLC Carl Sassano Director and Christine Whitman Chair Business relationship - Pictometry International Corp. B. Thomas Golisano Director and Richard Kaplan Director, Stephen L. Schultz CTO Business relationship - Rochester Business Alliance Mark C. Clement Trustee, Harry P. Trueheart III DirectorBusiness relationship - Torvec, Inc. Richard A. Kaplan CEO, William W. Deslter Director Business relationship - Vnomics Richard A. Kaplan CEO, James H. Watters Director, Ronald L. Zarella Chair Business relationship - Voiceport LLC, Carl E. Sassano Director and Christine Whitman Managing Member. Form 990 Part VI 11b Prior 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. Form 990 Part VI 12c The Universitys 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. Form 990 Part VI 12c 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. Form 990 Part VI 12c 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. Form 990 Part VI 12c The Conflict of Interest Conflict of Commitment ICIC policy requires all regular RIT faculty and staff to disclose potential, real, or perceived conflicts of interest or commitment annually to their immediate supervisor. Additionally, the ICIC policy requires that employees submit an annual disclosure and/or a disclosure when circumstances change that may create a potential, real, or perceived conflict. Form 990 Part VI 15b The Executive Compensation Subcommittee shall decide upon matters of executive salary and benefits, and annually shall review the compensation of the officers of the University, making a recommendation concerning the same to the Executive Committee for its final approval. Form 990 Part VI 15b 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 Presidents compensation. Form 990 Part VI 15b Executive Compensation Subcommittee annually utilizes the following tools to review the compensation for the appropriate positions independent consultant, compensation survey based on a salary analysis of comparable positions in like circumstances. This process was last performed in 2010. Form 990 Part VI 15b The 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 Research 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. Form 990 Part VI 15b 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 individuals compensation was reasonable in light of the evaluation and comparability data. Form 990 Part VI 15b The Executive Compensation Subcommittee shall report annually to the Finance Committee and to the full Board concerning the evaluation of officers and the establishment of their compensation. Form 990 Part VI 19 The following documents are available at the Universitys 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. Form 990 Part XI 5 Total net unrealized gains on investments for the tax year was 78,551,020. Form 990 The amended return filed on November 2, 2012 revises the compensation information on Schedule J, Part II to be consistent with the compensation data in Part VII, Section A, Continuation Sheet pages 2 and 3 as filed on the original submission. An error in the original return caused by the tax return preparation software resulted in the actual compensation information for each employee listed on Schedule J, Part II to shift to the employee on the line above. The information provided on Part VII, Section A is correct as originally submitted. Form 990 Part VI Section A Line 2 Ann L. Burr, Mark C. Clement, B. Thomas Golisano, Susan R. Holliday, Richard A. Kaplan, David Koretz, Sandra A. Parker, Carl E. Sassano, Stephen L. Schultz, Harry P. Trueheart and Christine B. Whitman are RIT trustees. William W. Destler is an officer. Business relationship - Adventive B. Thomas Golisano Director, David Koretz Chairman and CEO Business relationship - Blue Tie B. Thomas Golisano Director, David Koretz CEO Business relationship - Complemar Partners Inc. Susan R. Holiday Director, Carl Sassano Director, and Christine Whitman Chair and CEO Business relationship - Frontier Communications Ann L. Burr President, Northern Region, Harry Trueheart Director of Frontier Telephone of Rochester a subsidiary Business relationship - Mykonos Software B. Thomas Golisano Director, David Koretz CEOBusiness relationship - One Stream Networks LLC Carl Sassano Director and Christine Whitman Chair Business relationship - Pictometry International Corp. B. Thomas Golisano Director and Richard Kaplan Director, Stephen L. Schultz CTO Business relationship - Rochester Business Alliance Mark C. Clement Trustee, Harry P. Trueheart III DirectorBusiness relationship - Torvec, Inc. Richard A. Kaplan CEO, William W. Deslter Director Business relationship - Vnomics Richard A. Kaplan CEO, James H. Watters Director, Ronald L. Zarella Chair Business relationship - Voiceport LLC, Carl E. Sassano Director and Christine Whitman Managing Member. Form 990 Part VI Section B Line 11b Prior 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. Form 990 Part VI Section B Line 12c The Universitys 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. Form 990 Part VI Section B Line 12c 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. Form 990 Part VI Section B Line 12c 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. Form 990 Part VI Section B Line 12c The Conflict of Interest Conflict of Commitment ICIC policy requires all regular RIT faculty and staff to disclose potential, real, or perceived conflicts of interest or commitment annually to their immediate supervisor. Additionally, the ICIC policy requires that employees submit an annual disclosure and/or a disclosure when circumstances change that may create a potential, real, or perceived conflict. Form 990 Part VI Section B Line 15b The Executive Compensation Subcommittee shall decide upon matters of executive salary and benefits, and annually shall review the compensation of the officers of the University, making a recommendation concerning the same to the Executive Committee for its final approval. Form 990 Part VI Section B Line 15b 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 Presidents compensation. Form 990 Part VI Section B Line 15b Executive Compensation Subcommittee annually utilizes the following tools to review the compensation for the appropriate positions independent consultant, compensation survey based on a salary analysis of comparable positions in like circumstances. This process was last performed in 2010. Form 990 Part VI Section B Line 15b The 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 Research 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. Form 990 Part VI Section B Line 15b 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 individuals compensation was reasonable in light of the evaluation and comparability data. Form 990 Part VI Section B Line 15b The Executive Compensation Subcommittee shall report annually to the Finance Committee and to the full Board concerning the evaluation of officers and the establishment of their compensation. Form 990 Part VI Section C Line 19 The following documents are available at the Universitys 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. Form 990 Part XI Section C Line 5 Total net unrealized gains on investments for the tax year was 78,551,020. Form 990 Section Amended Return The amended return filed on November 2, 2012 revises the compensation information on Schedule J, Part II to be consistent with the compensation data in Part VII, Section A, Continuation Sheet pages 2 and 3 as filed on the original submission. An error in the original return caused by the tax return preparation software resulted in the actual compensation information for each employee listed on Schedule J, Part II to shift to the employee on the line above. The information provided on Part VII, Section A is correct as originally submitted. 5257 W Henrietta Road LLC 5257 W Henrietta Rd Henrietta NY 14586 161609483 Own Real Property NY -447493 153390 N/A RIT Global Delivery Corporation 7 Lomb Memorial Drive Rochester NY 14623 201151703 Educational purposes NY 501c3 509a3-ii N/A false American College of Management and Technology Don Frana Bulika 6 Dubrovnik HR Educational Purposes HR RIT Global Delivery Corp false RIT High Technology Incubator 7 Lomb Memorial Drive Rochester NY 14623 743034755 Tech training small business NY 501c3 509a3-ii N/A false RIT Campus Club 39 Lomb Memorial Drive Rochester NY 14623 161201526 Support RIT NY 501c3 509a3-ii N/A false true false false false false false false false false false true false false false false false true true RIT High Technology Incubator a 216786 RIT Campus Club a 581556 RIT Campus Club k 1906416 RIT Global Delivery Corporation r 44520