2026-05-04T14:16:31+00:00 2025-06-30 990 2024-07-01 160743140 Rochester Institute of Technology ROCH 5854752383 Controller 46 Lomb Memorial Dr Rochester NY 146235604 James H Watters Sr VP Finance & Admin 5854752383 2026-05-04 2024 2025-03-06 01:10:19Z William H Sanders 7 Lomb Memorial Drive Rochester NY 14623 1505009613 false X www.rit.edu X 1830 NY ROCHESTER INSTITUTE OF TECHNOLOGY (RIT) SHAPES THE FUTURE AND IMPROVES THE WORLD THROUGH CREATIVITY AND INNOVATION. AS AN ENGAGED, INTELLECTUALLY CURIOUS, AND SOCIALLY CONSCIOUS COMMUNITY, RIT LEVERAGES THE POWER OF TECHNOLOGY, THE ARTS, AND DESIGN FOR THE GREATER GOOD. 42 38 12536 4110 6059421 0 222304892 210894542 853734205 872955783 70856710 80881377 9035827 8965003 1155931634 1173696705 403412064 421007940 0 460329753 480992691 31201 0 13551210 228110607 223941756 1091883625 1125942387 64048009 47754318 2826597872 2967494524 695055746 688591007 2131542126 2278903517 ROCHESTER INSTITUTE OF TECHNOLOGY (RIT) SHAPES THE FUTURE AND IMPROVES THE WORLD THROUGH CREATIVITY AND INNOVATION. AS AN ENGAGED, INTELLECTUALLY CURIOUS, AND SOCIALLY CONSCIOUS COMMUNITY, RIT LEVERAGES THE POWER OF TECHNOLOGY, THE ARTS, AND DESIGN FOR THE GREATER GOOD. false false 782154596 408573726 764470162 Instruction and Academic Support - Established in 1829, RIT is one of the world's premier universities with an innovative and creative student body from all fifty states and over 100 nations. RIT total enrollment in Fall 2024 was approximately 21,316, which included approximately 18,140 undergraduate and 3,176 graduate students. Approximately 17,166 students are enrolled at RIT's main campus and the remainder at international locations. RIT is comprised of nine colleges and two degree-granting academic units offering 206 graduate and undergraduate programs. NTID (National Technical Institute for the Deaf), one of RIT's colleges, is the world's first and largest technical institute college for deaf students with approximately 1,176 students from the United States and abroad. Over the preceding 10 years, enrollment has increased from 18,100 students in the Fall of 2014 to 21,316 students in the Fall of 2024, an increase of 17.8%. 163198526 1932262 101839054 Student and Auxiliary Services - Student services provide students with additional enrichment and educational opportunities. Such services include student health, athletics, and other recreational activities. Auxiliaries provide essential services to students in support of RIT's educational mission. These services include housing operations and dining services. SURPLUSES FROM AUXILIARY SERVICES SUPPORT THE OPERATING BUDGET OF THE UNIVERSITY. 96472120 10501952 6646567 Research and Public Support - RIT engages in public service activities that benefit the general community in which it resides, including training, postsecondary education for the 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 its 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. 1041825242 true true false true false false true true false true true true false false true true false true true true true false false false true false false true true true true true false false false false false true false true true true true false false true true true true false false true X 2737 0 true 12536 true true true true HR false false false true true false false false false true false X 42 38 true false false false false false false true true false false false true true true true true true true true false false CA FL HI IL KS KY MD MA MI MS NH NM NY NC ND RI SC TN UT VA WV X X MILAGROS CONCEPCION 5854752383 Controller 46 Lomb Memorial DR Rochester NY 146235604 DAVID C MUNSON PRESIDENT 40.0 0.1 X X 1309891 0 112034 FRANK S SKLARSKY TRUSTEE 0.1 X X 0 0 0 JEFFREY K HARRIS TRUSTEE 0.1 X X 0 0 0 SUSAN M PUGLIA TRUSTEE 0.1 X X 0 0 0 SUSAN R HOLLIDAY TRUSTEE 0.1 X X 0 0 0 ANDREW N BRENNEMAN TRUSTEE 0.1 X 0 0 0 ANDREW R JACOBSON TRUSTEE 0.1 X 0 0 0 ARTHUR A GOSNELL TRUSTEE 0.1 0.1 X 0 0 0 AUSTIN W MCCHORD TRUSTEE 0.1 X 0 0 0 BRENDA HAYNES TRUSTEE 0.1 X 0 0 0 BRIAN P O'SHAUGHNESSY TRUSTEE 0.1 X 0 0 0 BRITTA MACINTOSH TRUSTEE 0.1 X 0 0 0 BROOKS H BOWER TRUSTEE 0.1 X 0 0 0 CAROL B CALA TRUSTEE 0.1 X 0 0 0 CHANCE WRIGHT TRUSTEE 0.1 X 0 0 0 CHESTER N WATSON TRUSTEE 0.1 X 0 0 0 CHRISTINE B WHITMAN TRUSTEE 0.1 X 0 0 0 CHRISTOPHER LEHFELDT TRUSTEE 0.1 X 0 0 0 CLAYTON P TURNER TRUSTEE 0.1 X 0 0 0 DALE J DAVIS TRUSTEE 0.1 X 0 0 0 DARSHAN N HIRANANDANI TRUSTEE 0.1 0.1 X 0 0 0 DAVID J BURNS TRUSTEE 0.1 0.1 X 0 0 0 DINAH G WEISBERG TRUSTEE 0.1 0.1 X 0 0 0 DONALD J TRUESDALE TRUSTEE 0.1 X 0 0 0 EFRAIN RIVERA TRUSTEE 0.1 X 0 0 0 GERARD Q PIERCE TRUSTEE 0.1 X 0 0 0 HYACINTH DRUMMOND TRUSTEE 0.1 X 0 0 0 JAMES P SWIFT TRUSTEE 0.1 X 0 0 0 JANE ELLIOTT TRUSTEE 0.1 X 0 0 0 JEFFREY BENCK TRUSTEE 0.1 X 0 0 0 JONATHAN BUDINGTON TRUSTEE 0.1 X 0 0 0 JORGE M RODRIGUEZ TRUSTEE 0.1 X 0 0 0 KATHY M YU TRUSTEE 0.1 X 0 0 0 KEVIN J SURACE TRUSTEE 0.1 X 0 0 0 KIM E VANGELDER TRUSTEE 0.1 X 0 0 0 MARK G BARBERIO TRUSTEE 0.1 X 0 0 0 NICHOLAS M SCHNEIDER TRUSTEE 0.1 X 0 0 0 ORLANDO ORTIZ TRUSTEE 0.1 X 0 0 0 PAMELA LLOYD-OGOKE TRUSTEE 0.1 X 0 0 0 RICHARD DAVIS TRUSTEE 0.1 X 0 0 0 RICK A KITTLES PHD TRUSTEE 0.1 X 0 0 0 ROBERT W AUGUST TRUSTEE 0.1 0.1 X 0 0 0 RONALD L ZARRELLA TRUSTEE 0.1 X 0 0 0 RONALD S RICOTTA TRUSTEE 0.1 X 0 0 0 ROOSEVELT MERCER JR TRUSTEE 0.1 X 0 0 0 SHARON D NAPIER TRUSTEE 0.1 X 0 0 0 VICTORIA D DECKER TRUSTEE 0.1 X 0 0 0 GERARD BUCKLEY PRESIDENT NTID & VP AND DEAN RIT 40.0 X 396322 0 61325 JAMES H WATTERS SVP FINANCE AND ADMINISTRATION 40.0 0.1 X 685910 0 57109 JOHN K TRIERWEILER VP CHIEF MARKETING OFFICER 40.0 X 359436 0 59144 KATHLEEN DAVIS VP ENROLLMENT MGMT & ASSOC PROVOST 40.0 0.1 X 344438 0 61716 KEITH JENKINS VP & ASSOCIATE PROVOST FOR ACCESS, ENGAGEMENT, AND SUCCESS 40.0 X 274325 0 71588 LISA A CHASE VP & SECRETARY OF THE UNIVERSITY 40.0 X 270806 0 52661 PHILLIP D CASTLEBERRY VP UNIVERSITY ADVANCEMENT 40.0 X 463163 0 64914 PRABU DAVID PROVOST & SR VP FOR ACADEMIC AFFAIRS 40.0 0.1 X 545850 0 50806 ROBERT COLON VP & GENERAL COUNSEL 40.0 X 391539 0 60860 RYNE RAFFAELLE VP RESEARCH 40.0 X 396149 0 54224 SANDRA S JOHNSON SVP STUDENT AFFAIRS 40.0 X 385574 0 66873 VANESSA J HERMAN VP FOR GOVT & COMMUNITY RELATIONS 40.0 X 289733 0 49023 DONALD F FIGER PROF AND DIR CENTER FOR DETECTORS 40.0 X 357848 0 50656 DOREEN EDWARDS DEAN COLLEGE OF ENGINEERING 40.0 X 367899 0 55518 ERSIN UZUN KATHERINE JOHNSON ENDOWED EXEC. 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DESCRIPTION - MARGARETS HOUSE, COLUMN A - 497593.0, COLUMN B - 557849.0, COLUMN C - 811589.0, COLUMN D - 979726.0, COLUMN E - 0.0, COLUMN F - 2846757.0; DESCRIPTION - FUNDRAISING INCOME, COLUMN A - 18865.0, COLUMN B - 23957.0, COLUMN C - 22992.0, COLUMN D - 27100.0, COLUMN E - 42565.0, COLUMN F - 135479.0; DESCRIPTION - ALL OTHER REVENUE, COLUMN A - 26098.0, COLUMN B - 25547.0, COLUMN C - 717.0, COLUMN D - 320.0, COLUMN E - 0.0, COLUMN F - 52682.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 483688 0 483688 0 1041341554 0 1041825242 0 1000000 0 250000 0 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 397390 419725 450687 483688 1751490 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 X X 1 32.0 0 0 0 1 false 0 14477317 X X X X EDUCATION false 1384518437 8812150 152694582 12478499 58170620 0 1475376050 1282517065 27373192 135529796 11796404 49105212 0 1384518437 1256780851 15674119 61179194 11104714 40012385 0 1282517065 1302872685 17697847 -21210360 10062546 32516775 0 1256780851 954031784 18330753 368607253 9433384 28663721 0 1302872685 0.5301 0.4676 0.0023 true false 11939062 11939062 1415406352 658638374 756767978 172192224 130669386 41522838 162113388 162113388 972343266 Closely-held equity interests Financial derivatives BENEFICIAL INTERESTS IN TRUSTS 2349712 F CASH SURRENDER VALUE OF LIFE INSURANCE 204799 F COMMINGLED EQUITY FUNDS 459805544 F COMMINGLED FIXED INCOME FUNDS 142414959 F PRIVATE PLACEMENTS 580875871 F HEDGE FUNDS 276514359 F 1462165244 Federal Income Taxes FEDERAL PERKINS LOAN PROGRAM 4202513 ASSET RETIREMENT OBLIGATIONS 28988760 ASC 715 POSTRETIREMENT BENEFITS OBLIGATION 92974327 RIGHT-OF-USE LEASE OBLIGATION 2536839 ALL OTHER 3830835 132533274 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part II, Line 9 Conservation easements financial reporting IN 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 ROCHESTER INSTITUTE OF TECHNOLOGY'S FINANCIAL STATEMENTS. Schedule D, Part III, Line 4 Collections of art - description of collections THE UNIVERSITY'S SPECIAL COLLECTIONS INCLUDE MANUSCRIPTS AND CORRESPONDENCE COLLECTIONS ON THE HISTORY AND PRACTICE OF GRAPHIC COMMUNICATION TECHNOLOGIES, HOLDINGS ON BOOKBINDING, PAPERMAKING, TYPE DESIGN, CALLIGRAPHY, AND BOOK ILLUSTRATION. COLLECTIONS ARE AVAILABLE TO STUDENTS, RESEARCHERS, AND THE PUBLIC THROUGH AN ONLINE DATABASE. THE UNIVERSITY CAMPUS IS ALSO HOME TO A COLLECTION OF PUBLIC ART INCLUDING, BUT NOT LIMITED TO, MURALS, PAINTINGS, AND STATUES. Schedule D, Part V, Line 4 Intended uses of endowment funds THE 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. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE UNIVERSITY AND ITS CONSOLIDATED U.S. SUBSIDIARIES, EXCLUDING FUND I, ARE TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND ARE GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON INCOME RELATED TO THEIR EXEMPT PURPOSES. HOWEVER, THE UNIVERSITY IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON UNRELATED BUSINESS INCOME (UBI), AS DEFINED UNDER THE INTERNAL REVENUE CODE. FUND I, A LIMITED LIABILITY COMPANY IN WHICH THE UNIVERSITY IS THE INVESTOR MEMBER, IS TREATED AS A DISREGARDED ENTITY FOR FEDERAL INCOME TAX PURPOSES. THE UNIVERSITY EVALUATES ITS TAX POSITIONS IN ACCORDANCE WITH ASC 740, "INCOME TAXES," WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT REQUIREMENTS FOR TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THIS INCLUDES CONSIDERATION OF ITS TAX-EXEMPT STATUS AND THE CLASSIFICATION OF INCOME AS RELATED OR UNRELATED TO ITS EXEMPT PURPOSE. THE UNIVERSITY HAS CONCLUDED THAT IT IS MORE LIKELY THAN NOT THAT ALL TAX POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ONE BIG BEAUTIFUL BILL ACT, ENACTED ON JULY 4, 2025, INTRODUCED CHANGES TO FEDERAL TAX LAW, INCLUDING THE ENDOWMENT EXCISE TAX. MANAGEMENT HAS ASSESSED THE IMPACT AND DETERMINED THERE IS NO MATERIAL EFFECT ON THE UNIVERSITY'S FINANCIAL STATEMENTS OR TAX POSITION. true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY ITS 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 WHEN RECRUITING FOR OPEN POSITIONS. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT THE UNIVERSITY IS THE RECIPIENT OF APPROPRIATIONS AND ASSISTANCE FROM THE DEPARTMENT OF EDUCATION TO OPERATE THE NATIONAL TECHNICAL INSTITUTE FOR THE DEAF (NTID), TO SUPPORT THE FEDERAL WORK STUDY AND FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAMS. Central America and the Caribbean Investments 279354448 Europe (Including Iceland and Greenland) Investments 68414497 North America (Canada & Mexico only) Investments 1133712 Middle East and North Africa Investments 250000 0 0 0 0 0 0 349152657 0 349152657 true false true true true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual TIGER OPEN 59715 17150 42565 1039 18753 20936 0 0 59715 17150 42565 1039 18753 20936 40728 1837 true AACSB INTERNATIONAL - THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSI NESS 777 S Harbour Island Blvd Tampa FL 33602 436036286 501C3 21600 Sponsorship ALEXANDER GRAHAM BELL ASSOCIATION FOR THE DEAF AND HARD OF HEARING 3417 Volta Place NW Washington DC 20007 530196644 501C3 11000 Event Sponsorship BREAST CANCER COALITION OF ROCHESTER INC 1048 University Avenue Rochester NY 14607 161541293 501C3 7800 General Support CONFERENCE OF EDUCATIONAL ADMINISTRATORS OF SCHOOLS AND PROGRAMS FOR THE DE AF 800 Florida Ave NE Washington DC 20002 520845428 501C3 7500 Event Sponsorship DISTRIBUTIVE EDUCATION CLUBS OF AMERICA INC 1908 Association Dr Reston VA 20191 530215806 501C3 12981 Sponsorship GRASP INC PO Box 26741 Rochester NY 14626 161497039 501C3 9001 General Support GREATER ROCHESTER ENTERPRISE FOUNDATION INC 100 Chestnut St Rochester NY 14604 100000085 501C3 13750 General Support HENRIETTA FIRE DISTRICT 850 Bailey Rd W Henrietta NY 14586 160974231 STATE OF NY 45000 General Support INTERNATIONAL SCULPTURE CENTER INC 14 Fairgrounds Rd Hamilton NJ 08619 222259625 501C3 9000 Event Sponsorship JUNIOR ACHIEVEMENT OF CENTRAL UPSTATE NEW YORK INC 200 West Ridge Road Rochester NY 14615 160956147 501C3 8000 Sponsorship LISTEN FOUNDATION INC 6950 E Belleview 203 Greenwood Village CO 80111 237060754 501C3 5500 Event Sponsorship NATIONAL ASSOCIATION OF THE DEAF 8630 Fenton Street 820 Silver Spring MD 20910 941358295 501C3 40000 Event Sponsorship NATIONAL DEAF INTERSCHOLASTIC ATHLETIC ASSOCIATION 800 Florida Ave NE Washington DC 20002 843633978 501C3 10000 Event Sponsorship NEW YORK BATTERY AND ENERGY STORAGE TECHNOLOGY CONSORTIUM INC 230 Washington Avenue Ext Albany NY 12203 272619304 501C6 13975 Event Sponsorship ROCHESTER MUSEUM AND SCIENCE CENTER 657 East Avenue Rochester NY 14607 160794131 501C3 5500 Sponsorship ROCHESTER REGIONAL HEALTH FOUNDATION 100 Kings Highway South Rochester NY 14617 222229425 501C3 25000 Event Sponsorship THE SUSAN B ANTHONY HOUSE 17 Madison Street Rochester NY 14608 237098699 501C3 6500 Sponsorship CENTER FOR YOUTH SERVICES INC 905 Monroe Avenue Rochester NY 14620 160992259 501C3 7500 Event Sponsorship THE LEARNING CENTER FOR THE DEAF INC 848 Central Street Framingham MA 01701 237064431 501C3 9356 Sponsorship UNIVERSITY OF ROCHESTER Box 278893 Rochester NY 14627 160743209 501C3 26250 Event Sponsorship WOMEN IN CYBER SECURITY 370 S Lowe Ave A-244 Cookeville TN 38501 822750482 501C3 6300 Event Sponsorship ITALIAN HERITAGE FOUNDATION OF ROCHESTER 100 Meridian Center 325 Rochester NY 14618 161318224 501C3 5250 Event Sponsorship 20 2 SCHOLARSHIP 15783 404153390 GRADUATE RESEARCH ASSISTANT STIPENDS 568 11520694 FELLOWSHIPS 38 558466 STUDENT LEADER/ENTREPRENEUR STIPENDS 457 728276 Schedule I, Part III NUMBER OF RECIPIENTS THE UNIVERSITY ESTIMATES THE NUMBER OF RECIPIENTS FROM RECORDS MAINTAINED IN OUR FINANCIAL AID (SCHOLARSHIPS) AND ACCOUNTS PAYABLE SYSTEM (GRADUATE RESEARCH ASSISTANCE STIPENDS, FELLOWSHIPS AND STUDENT LEADERS AND ENTREPRENEURS) WHICH HAVE BEEN CLASSIFIED BY THE TYPE OF ASSISTANCE. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds SCHOLARSHIPS, 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. X X X X false true X X X X X X false false false true false false false false false DAVID C MUNSON PRESIDENT 1008913 0 60684 0 240294 0 31050 0 80984 0 1421925 0 0 0 KAREN A BARROWS CHIEF OF STAFF 155954 0 0 0 5339 0 15802 0 9421 0 186516 0 0 0 COLLEEN F PETERSON ASSOCIATE VP ENROLLMENT MANAGEMENT 186755 0 0 0 46923 0 19728 0 30571 0 283977 0 0 0 CHRISTINE M LICATA VICE PROVOST FOR ACADEMIC AFFAIRS 201847 0 0 0 4490 0 20756 0 13129 0 240222 0 0 0 JAMES H WATTERS SVP FINANCE AND ADMINISTRATION 640766 0 27062 0 18082 0 34500 0 22609 0 743019 0 0 0 RYNE RAFFAELLE VP RESEARCH 392222 0 0 0 3927 0 34500 0 19724 0 450373 0 0 0 SANDRA S JOHNSON SVP STUDENT AFFAIRS 379123 0 4668 0 1783 0 31050 0 35823 0 452447 0 0 0 KEITH JENKINS VP & ASSOCIATE PROVOST FOR ACCESS, ENGAGEMENT, AND SUCCESS 268151 0 0 0 6174 0 28090 0 43498 0 345913 0 0 0 GERARD BUCKLEY PRESIDENT NTID & VP AND DEAN RIT 388171 0 0 0 8151 0 34500 0 26825 0 457647 0 0 0 JOHN K TRIERWEILER VP CHIEF MARKETING OFFICER 346413 0 0 0 13023 0 31050 0 28094 0 418580 0 0 0 LISA A CHASE VP & SECRETARY OF THE UNIVERSITY 267919 0 0 0 2887 0 27689 0 24972 0 323467 0 0 0 ROBERT COLON VP & GENERAL COUNSEL 388884 0 0 0 2655 0 34500 0 26360 0 452399 0 0 0 VANESSA J HERMAN VP FOR GOVT & COMMUNITY RELATIONS 288600 0 0 0 1133 0 26493 0 22530 0 338756 0 0 0 PRABU DAVID PROVOST & SR VP FOR ACADEMIC AFFAIRS 527467 0 16755 0 1628 0 31050 0 19756 0 596656 0 0 0 KATHLEEN DAVIS VP ENROLLMENT MGMT & ASSOC PROVOST 330777 0 0 0 13661 0 30946 0 30770 0 406154 0 0 0 PHILLIP D CASTLEBERRY VP UNIVERSITY ADVANCEMENT 456579 0 0 0 6584 0 31050 0 33864 0 528077 0 0 0 NABIL Z NASR ASSOC PROVOST DIR GOLISANO INST OF SUSTAINABILITY 508472 0 0 0 139253 0 34500 0 30487 0 712712 0 0 0 JACQUELINE MOZRALL DEAN SAUNDERS COLLEGE OF BUSINESS 407605 0 0 0 38534 0 34500 0 29755 0 510394 0 0 0 DONALD F FIGER PROF AND DIR CENTER FOR DETECTORS 309711 0 0 0 48137 0 23870 0 26786 0 408504 0 0 0 DOREEN EDWARDS DEAN COLLEGE OF ENGINEERING 366112 0 0 0 1787 0 31050 0 24468 0 423417 0 0 0 ERSIN UZUN KATHERINE JOHNSON ENDOWED EXEC. DIR. GLOBAL CYBERSECURITY INSTITUTE 367028 0 0 0 63913 0 28865 0 3234 0 463040 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel The President, officers, and select highly compensated individuals are required to travel extensively for RIT matters. Due to the amount of travel and the need to coordinate trips with the many other commitments for their positions, the University pays for business class air travel (or its equivalent) for international travel and business/first class travel (or its equivalent) for domestic travel over three hours when these select individuals travel for University business. Schedule J, Part I, Line 1a Travel for companions WHEN BUSINESS CIRCUMSTANCES WARRANT, THE UNIVERSITY MAY PAY FOR TRAVEL FOR COMPANIONS OF THE OFFICERS AND/OR HIGHLY COMPENSATED EMPLOYEES WHEN THEIR GUEST IS A FAMILY MEMBER, WHETHER OR NOT FOR BONA FIDE BUSINESS PURPOSES. THE PERSONAL USE PORTION OF THE BENEFIT IS TREATED AS TAXABLE COMPENSATION AND ADDED TO THE EMPLOYEES' FORM W-2. Schedule J, Part I, Line 1a Housing allowance or residence for personal use DUE 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. Schedule J, Part I, Line 1a Health or social club dues or initiation fees THE UNIVERSITY PAYS SOCIAL CLUB INITIATION FEES AND DUES FOR SELECT 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. Schedule J, Part I, Line 1b Written policy regarding payment or reimbursement of expenses EACH OF THE BENEFITS INDICATED IS AVAILABLE TO THE PRESIDENT; CERTAIN OF THESE BENEFITS ARE AVAILABLE TO SELECT OFFICERS AND HIGHLY COMPENSATED EMPLOYEES. AMOUNTS CONSIDERED TAXABLE ARE REPORTED COMPENSATION INCLUDED ON THE EMPLOYEES' 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. Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization A PORTION OF AN INDIVIDUAL'S COMPENSATION REPORTED IN SCHEDULE J IS BASED ON PRE-DETERMINED ANNUAL PERFORMANCE METRICS, WITH GROSS REVENUES AS ONE OF THE COMPONENTS. Schedule J, Part I, Line 3 METHODS USED TO ESTABLISH COMPENSATION THE 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. A DASNY RIT Series 2019A 146000293 64990GTN2 2019-10-08 143479011 THE SHED & MUSICAL PERFORMANCE THEATER CONSTRUCTION; FACILITY RENOVATIONS & EXPANSION; REFINANCING false false false B DASNY RIT Series 2020A 146000293 64990GUV2 2020-04-03 57366744 REFUNDING A PORTION OF SERIES 2010 BONDS false false false C DASNY RIT SERIES 2022A 146000293 65000BWK0 2022-12-13 120985145 RESEARCH BUILDING & ATHLETIC STADIUM CONSTRUCTION; RESIDENCE HALLS RENOVATION; CAMPUS IMPROVEMENTS false false false A 0 0 148176436 0 0 0 647850 0 0 124858711 22669875 0 false false true true B 12120000 0 57371208 0 0 0 341939 0 0 0 57029269 0 true false true true C 0 0 130938717 0 0 0 864747 0 0 89053533 125000 40895437 false false false true A false true true false true false 0.0001 0.0 0.0001 false false 0 false true B false true true false true false 0.0001 0.0 0.0001 false false 0 false true C false true true false true false 0.0002 0.0 0.0002 false false 0 false true A false false false true false false 0 false false false 0 false true true B false false false true false false 0 false false false 0 false false true C false true false false false false 0 false false false 0 false true true A true B true C true Schedule K, Part II, Line 3 LINES 3A, 3B, 3C RESPECTIVELY TOTAL PROCEEDS OF ISSUE, INCLUDES INVESTMENT PROCEEDS OF: 2019A: $4,697,425; 2020A: $4,464 AND 2022A: $9,953,573 RESPECTIVELY. Schedule K, Part II, Line 11 LINE 11A, SERIES 2019A OTHER SPENT PROCEEDS INCLUDES $47,311 FOR ISSUER/DASNY FEES AND $22,622,564 FOR REFINANCING OF TAXABLE BANK LOAN. Schedule K, Part II, Line 11 LINE 11B, SERIES 2020A OTHER SPENT PROCEEDS INCLUDES $57,029,269 TO LEGALLY DEFEASE A PORTION OF SERIES 2010 BONDS WITH A REDEMPTION DATE OF JULY 1, 2020. Schedule K, Part II, Line 7 LINE 7C, SERIES 2019A ORIGINAL ISSUANCE COSTS FROM PROCEEDS OF $647,120 WERE ADJUSTED FOR $1,082 OF UNUSED PROCEEDS, NET OF INVESTMENT EARNINGS FOR A TOTAL ADJUSTMENT OF $730. Schedule K, Part II, Line 7 LINE 7D, SERIES 2020A ORIGINAL ISSUANCE COSTS FROM PROCEEDS OF $337,475, WERE ADJUSTED FOR $9,761 OF UNUSED PROCEEDS NET OF INVESTMENT EARNINGS FOR A TOTAL ADJUSTMENT OF $4,464. Schedule K, Part II, Line 11 LINE 11C, SERIES 2022A OTHER SPENT PROCEEDS INCLUDES $125,000 FOR ISSUER/DASNY FEES. Schedule K, Part II, Line 7 LINE 7E, SERIES 2022A ORIGINAL ISSUANCE COSTS FROM PROCEEDS OF $860,145, WERE ADJUSTED FOR NET INVESTMENT EARNINGS FOR A TOTAL ADJUSTMENT OF $4,603. Schedule K, Part IV, Line 2c COLUMN A Issuer name: DASNY, RIT Series 2019A The calculation for computing no rebate due was performed on 10/08/2024 Schedule K, Part IV, Line 2c COLUMN B Issuer name: DASNY, RIT Series 2020A The calculation for computing no rebate due was performed on 10/08/2024 56324 TUITION WAIVER GENERAL SUPPORT REDCOM LABORATORIES INC TRUSTEE, DINAH G WEISBERG, CEO OF REDCOM LABORATORIES, INC, WITH OWNERSHIP > 35% OF THE COMPANY 151253 REDCOM LABORATORIES, INC REPAIRED AND CALIBRATED SCIENTIFIC EQUIPMENT FOR RIT. THE CONTRACT WAS AWARDED FOLLOWING THE UNIVERSITY'S COMPETITIVE BIDDING PROCESS CONSISTENT WITH THE PROCUREMENT POLICY REQUIREMENTS. false DEVON WATTERS FAMILY MEMBER OF OFFICER 64848 PAYMENT OF COMPENSATION false KRISTAL JENKINS FAMILY MEMBER OF OFFICER 13553 PAYMENT OF COMPENSATION false MCLEAN BULMER FAMILY MEMBER OF TRUSTEE 94512 PAYMENT OF COMPENSATION false THERESE HANNIGAN FAMILY MEMBER OF OFFICER 196383 PAYMENT OF COMPENSATION false LARRY BUCKLEY FAMILY MEMBER OF OFFICER 225227 PAYMENT OF COMPENSATION false Denishea Ortiz FAMILY MEMBER OF TRUSTEE 42875 PAYMENT OF COMPENSATION false 1 40000 Market value 115 5352646 Market value X Equipment 25 758750 Market value X Consumables 10 177036 Market value 2 false true true Schedule M, Part I LINES 1-28, COLUMN B THE UNIVERSITY IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions THE UNIVERSITY WILL, ON OCCASION CONTRACT WITH A THIRD PARTY FOR THE PURPOSE OF DISPOSING OF CONTRIBUTED ASSETS THAT IT DOES NOT HAVE FURTHER USE FOR AND WHICH ARE OF A SPECIALIZED NATURE. Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - Number of contributions Other - Equipment Number of contributions Other - Consumables Number of contributions Art - Works of art - Number of Contributions Form 990, Part VI, Line 2 Family/business relationships amongst interested persons COMPLEMAR PARTNERS INC: SUSAN R HOLLIDAY (BOARD MEMBER) AND CHRISTINE B WHITMAN (EXECUTIVE CHAIRMAN) - Business relationship, FINANCIAL INSTITUTIONS INC (AKA FIVE STAR BANK): SUSAN HOLLIDAY (BOARD CHAIR) AND KIM VANGELDER (DIRECTOR) - Business relationship, TOKENIZE: KEVIN SURACE (BOARD CHAIR) AND CHRISTINE WHITMAN (BOARD MEMBER) - Business relationship Form 990, Part VI, Line 11b Review of form 990 by governing body PRIOR TO FILING THE RETURN, THE PREPARED RIT FORM 990 WAS PROVIDED TO THE MEMBERS OF THE RISK AND AUDIT COMMITTEE AND SUBSEQUENTLY PRESENTED FOR REVIEW AT A REGULARLY SCHEDULED 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, Line 12c Conflict of interest policy THE UNIVERSITY'S CONFLICT OF INTEREST POLICY APPLIES TO ALL MEMBERS OF THE BOARD OF TRUSTEES. ALL TRUSTEES AND OFFICERS ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST AS SOON AS POSSIBLE. ADDITIONALLY, ON AN ANNUAL BASIS, THE SECRETARY OF THE UNIVERSITY DISTRIBUTES A CONFLICT OF INTEREST DISCLOSURE FORM TO ALL TRUSTEES AND OFFICERS, SOLICITING DISCLOSURE OF ANY ACTUAL OR POTENTIAL CONFLICTS. UPON 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 COMMITTEE, A SUBCOMMITTEE OF THE RISK AND AUDIT COMMITTEE, 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 AND THE ARRANGEMENTS ARE CONSISTENT WITH THE BEST INTERESTS OF THE UNIVERSITY. IN ANY EVENT, SUCH MEMBERS WILL NEITHER VOTE NOR DISCHARGE THEIR 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 INDIVIDUAL CONFLICT OF INTEREST AND COMMITMENT (ICIC) POLICY REQUIRES ALL REGULAR RIT FACULTY AND STAFF TO DISCLOSE POTENTIAL, REAL, OR PERCEIVED CONFLICTS OF INTEREST OR COMMITMENT ANNUALLY TO THEIR IMMEDIATE SUPERVISOR. ADDITIONALLY, THE ICIC POLICY REQUIRES THAT EMPLOYEES SUBMIT AN ANNUAL DISCLOSURE AND/OR A DISCLOSURE WHEN CIRCUMSTANCES CHANGE THAT MAY CREATE A POTENTIAL, REAL, OR PERCEIVED CONFLICT. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE EXECUTIVE COMPENSATION COMMITTEE 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 COMMITTEE 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 COMMITTEE AND PROVIDE IT WITH AN EVALUATION OF THE PRESIDENT AND A PROPOSAL FOR THE PRESIDENT'S COMPENSATION. BIENNIALLY THE EXECUTIVE COMPENSATION COMMITTEE 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. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE EXECUTIVE COMPENSATION COMMITTEE REVIEWS THE PROPOSED SALARIES OF THE FOLLOWING POSITIONS: PRESIDENT; PROVOST AND SVP ACADEMIC AFFAIRS; SVP FINANCE AND ADMINISTRATION; VP ENROLLMENT MANAGEMENT; VP RESEARCH; VP UNIVERSITY ADVANCEMENT; SVP STUDENT AFFAIRS; PRESIDENT NTID & VP AND DEAN RIT; VP GOVT AND COMMUNITY RELATIONS; VP CHIEF MARKETING OFFICER; VP & GENERAL COUNSEL; VP & SECRETARY OF THE INSTITUTE; AND VP & ASSOC PROVOST FOR ACCESS, ENGAGEMENT, AND SUCCESS. THE EXECUTIVE COMPENSATION COMMITTEE 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 COMMITTEE REPORTS ANNUALLY TO THE EXECUTIVE COMMITTEE CONCERNING THE EVALUATION OF OFFICERS AND A PROPOSAL FOR THE ESTABLISHMENT OF THEIR COMPENSATION. Form 990, Part VI, Line 19 Required documents available to the public THE 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 INFORMATION AND RESOURCES. ADDITIONALLY, THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part VII, Section A LINE 20 CHRISTINE M LICATA (FORMER OFFICER) - FORMER INTERIM PROVOST UNTIL AUGUST 2023, CURRENTLY VICE PROVOST FOR ACADEMIC AFFAIRS. Form 990, Part VII, Section A LINE 21 KAREN A BARROWS (FORMER OFFICER) - FORMER SECRETARY OF THE INSTITUTE UNTIL MARCH 2020, CURRENTLY CHIEF OF STAFF. Form 990, Part VII, Section A LINE 19 COLLEEN F PETERSON (FORMER OFFICER) - FORMER INTERIM VP ENROLLMENT MANAGEMENT UNTIL SEPTEMBER 2023, CURRENTLY ASSOCIATE VP ENROLLMENT MANAGEMENT. Form 990, Part VIII, Line 2f Other Program Service Revenue All other Program Services Revenue - Total Revenue: 11287836, Related or Exempt Function Revenue: 11204254, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 83582; Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Other - Total Revenue: 2763138, Related or Exempt Function Revenue: 2119831, Unrelated Business Revenue: 643307, Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Schedule A, Part II, Line 10 Line 10 IN FISCAL YEAR 2025, THE UNIVERSITY MODIFIED ITS PRESENTATION OF ITEMS ON SCHEDULE A. THIS CHANGE DID NOT MATERIALLY AFFECT THE COMPUTATION OF PUBLIC SUPPORT PERCENTAGE. 5257 W HENRIETTA ROAD LLC 5257 W HENRIETTA RD HENRIETTA NY 14586 161609483 OWN REAL PROPERTY NY 7007368 22020907 ROCHESTER INSTITUTE OF TECHNOLOGY RIT VENTURE FUND I LLC 5 LOMB MEMORIAL DRIVE ROCHESTER NY 14623 455183880 INVESTMENTS DE 504 199804 ROCHESTER INSTITUTE OF TECHNOLOGY RIT VF ARC HOLDINGS LLC 7 LOMB MEMORIAL DRIVE ROCHESTER NY 14623 455183880 INVESTMENTS NY 0 0 RIT Venture Fund I LLC RIT GLOBAL DELIVERY CORPORATION CONTROLLER 46 LOMB MEMORIAL DR ROCHESTER NY 146235604 201151703 EDUCATIONAL PURPOSES NY 501(c)(3) 11 ROCHESTER INSTITUTE OF TECHNOLOGY false RIT CAMPUS CLUB INC CONTROLLER 46 LOMB MEMORIAL DR ROCHESTER NY 146235604 161201526 SUPPORT RIT NY 501(c)(3) 11 ROCHESTER INSTITUTE OF TECHNOLOGY false true false false false false false false false false false false true false false false false false true true RIT CAMPUS CLUB INC A 658637 FMV RIT CAMPUS CLUB INC L 3517878 FMV RIT CAMPUS CLUB INC R 1195520 FMV RIT GLOBAL DELIVERY CORPORATION S 878585 FMV Schedule R, Part I, Column (a) RIT VF ARC HOLDINGS LLC RIT VF ARC HOLDINGS LLC, A DISREGARDED ENTITY OF RIT VENTURE FUND I LLC Schedule R, Part I, Column (f) RIT VF ARC HOLDINGS LLC During 2025, all assets and liabilities of RIT VF ARC HOLDINGS LLC were transferred to RIT Venture Fund I LLC and a voluntary dissolution of the company was completed.