2026-05-08T12:42:53+00:00 2025-06-30 990 2024-07-01 201151703 RIT Global Delivery Corporation RITG 5854752383 Controller 46 Lomb Memorial Dr Rochester NY 146235604 Kevin A Purdy Treasurer 5854752378 2026-05-08 2024 2025-03-06 01:10:19Z X James H Watters 5 Lomb Memorial Drive Rochester NY 14623 12554062 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 4 49 0 0 33000 0 11139850 12552509 1477 -5835 0 11174327 12546674 924760 953137 0 6305529 6952102 0 0 5701073 4404271 12931362 12309510 -1757035 237164 10464540 11316030 6757123 7371449 3707417 3944581 PROVIDE ADMINISTRATIVE AND OTHER SUPPORT SERVICES TO ACADEMIC PROGRAMS SPONSORED BY ROCHESTER INSTITUTE OF TECHNOLOGY BOTH IN THE UNITED STATES AND ABROAD. false false 7304727 953137 12552509 PROVIDE ADMINISTRATIVE AND OTHER SUPPORT SERVICES TO ACADEMIC PROGRAMS SPONSORED BY ROCHESTER INSTITUTE OF TECHNOLOGY BOTH IN THE UNITED STATES AND ABROAD. 7304727 true false false false false false false false false true true false false true 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 false true true true false false false true X 1 0 true 49 true false true HR false false false false false false false false false false false false X 10 4 false false false false false false false true false false false false true true true true true true false false false false NY X X MILAGROS CONCEPCION 5854752383 Controller 46 Lomb Memorial DR Rochester NY 146235604 DINAH G WEISBERG CHAIR 0.1 0.1 X X 0 0 0 JAMES H WATTERS VICE CHAIR AND SECRETARY 0.1 40.0 X X 0 685910 57109 PRABU DAVID PRESIDENT 0.1 40.0 X X 0 545850 50806 ARTHUR A GOSNELL DIRECTOR 0.1 0.1 X 0 0 0 DARSHAN N HIRANANDANI DIRECTOR 0.1 0.1 X 0 0 0 DAVID C MUNSON DIRECTOR 0.1 40.0 X 0 1309891 112034 DAVID J BURNS DIRECTOR 0.1 0.1 X 0 0 0 HARRY P TRUEHEART III DIRECTOR 0.1 X 0 0 0 KATHLEEN DAVIS DIRECTOR 0.1 40.0 X 0 344438 61716 ROBERT W AUGUST DIRECTOR 0.1 0.1 X 0 0 0 KEVIN A PURDY TREASURER 0.1 40.0 X 0 193642 17843 ALBINA BALIDEMAJ DEAN OF FACULTY AND ASSISTANT PROFESSOR 40.0 X 104545 0 0 JULIE F CECCHINI ASSOCIATE DEAN 40.0 X 172248 0 3980 276793 3079731 303488 2 false true false 0 0 Tuition 900099 6973463 6973463 0 0 Educational Services 611710 5579046 5579046 0 0 0 0 0 0 12552509 1553 1553 0 0 0 7388 0 -7388 -7388 0 0 -7388 0 0 0 0 0 12546674 12552509 0 -5835 953137 953137 4726005 2797492 1928513 0 2220450 1315075 905375 0 5647 5647 0 0 704 0 704 0 11449 0 11449 0 279236 55176 224060 0 364576 364576 0 372773 207230 165543 55041 1551 53490 722835 388040 334795 547263 322816 224447 28364 12517 15847 -11334 -11334 209585 209585 8894 0 8894 0 Expense Recoveries to Affiliates 1024697 1024697 Study Abroad Program 425646 425646 Sponsored Research Activities 183028 183028 Maintenance & Repairs 70925 70925 110589 3620 106969 0 12309510 7304727 5004783 0 991188 1671500 1066865 518487 0 0 0 0 0 0 177838 94322 4056159 2772337 982044 1283822 0 0 7246605 7747899 10464540 11316030 607217 690547 1830798 2739085 0 0 4319108 3941817 6757123 7371449 3707417 3944581 0 0 3707417 3944581 10464540 11316030 237164 0 X false true false false X X X 1 ROCHESTER INSTITUTE OF TECHNOLOGY 160743140 2 true 0 0 1 0 0 true false false false false false false false false false false false false false false true false 35039 1822 36861 33204 1835 35039 33678 -474 33204 33483 -1417 -1612 33678 25469 8014 33483 1.0 0.0 0.0 false true true 2436799 1837442 599357 1583249 934895 648354 36111 0 36111 1283822 Right-Of-Use Assets 3941817 Due from Rochester Institute of Technology 3806082 7747899 Federal Income Taxes Right-of-Use Liabilities 3941817 3941817 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part V, Line 4 Intended uses of endowment funds Supporting delivery of programs through RIT Global Delivery Corporation. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote 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). 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. Europe (Including Iceland and Greenland) 3 135 Program Services ACADEMIC INSTRUCTION 8158130 Middle East and North Africa 1 1 Program Services ACADEMIC INSTRUCTION 214224 East Asia and the Pacific 2 18 Program Services ACADEMIC INSTRUCTION 1314662 6 154 0 0 6 154 9687016 0 9687016 SCHOLARSHIPS Europe (Including Iceland and Greenland) 524 953137 APPLIED AGAINST TUITION false false true false false false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual Schedule F, Part III Method used to account for expenditures on org's financial statements EUROPE (INCLUDING ICELAND AND GREENLAND) -Accrual X X true false false false false false false false JAMES H WATTERS VICE CHAIR AND SECRETARY 0 640766 0 27062 0 18082 0 34500 0 22609 0 743019 0 0 PRABU DAVID PRESIDENT 0 527467 0 16755 0 1628 0 31050 0 19756 0 596656 0 0 DAVID C MUNSON DIRECTOR 0 1008913 0 60684 0 240294 0 31050 0 80984 0 1421925 0 0 KATHLEEN DAVIS DIRECTOR 0 330777 0 0 0 13661 0 30946 0 30770 0 406154 0 0 KEVIN A PURDY TREASURER 0 184498 0 0 0 9144 0 16605 0 1238 0 211485 0 0 JULIE F CECCHINI ASSOCIATE DEAN 136970 0 0 0 35278 0 0 0 3980 0 176228 0 0 0 Schedule J, Part I, Line 1a Tax indemnification and gross-up payments The entity makes payments of foreign taxes on behalf of eligible employees, commonly known as tax equalization payments. These payments are considered taxable compensation to the employee. Additionally, the entity calculates a gross-up of U.S. taxes for the equalization payments made on behalf of the employee. The gross-up is also considered taxable compensation to the employee. Schedule J, Part I, Line 1a Housing allowance or residence for personal use An individual is provided living accommodations while living and working abroad. This benefit is not deemed to be taxable compensation. Form 990, Part VI, Line 15 PROCESS USED TO ESTABLISH COMPENSATION THE TOP MANAGEMENT OFFICIAL AND OFFICERS OF RIT GLOBAL DELIVERY CORPORATION ARE COMPENSATED BY ROCHESTER INSTITUTE OF TECHNOLOGY (RIT OR UNIVERSITY), A RELATED ORGANIZATION. RIT UTILIZES THE FOLLOWING IN DETERMINING THE COMPENSATION OF THE TOP MANAGEMENT OFFICIALS: 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. 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. Form 990, Part VI, Line 11b Review of form 990 by governing body PRIOR TO FILING THE FORM 990, IT WAS MADE AVAILABLE TO THE GOVERNING BODY FOR THEIR REVIEW VIA A SECURE WEBSITE. MANAGEMENT PROVIDED CONSTRUCTIVE NOTICE TO EACH MEMBER THAT THE RETURN WAS AVAILABLE ONLINE AND PROVIDED INSTRUCTIONS ON HOW TO ACCESS THE FORM. A BRIEF OVERVIEW OF THE RETURN WAS ALSO MADE AVAILABLE TO THE MEMBERS. Form 990, Part VI, Line 12c Conflict of interest policy RIT GLOBAL DELIVERY CORPORATION (GDC) IS A CONTROLLED ENTITY OF ROCHESTER INSTITUTE OF TECHNOLOGY (RIT OR UNIVERSITY). ALL 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 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 19 Required documents available to the public THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF ROCHESTER INSTITUTE OF TECHNOLOGY (RIT OR UNIVERSITY), THE PARENT ORGANIZATION OF RIT GLOBAL DELIVERY CORPORATION, ARE AVAILABLE AT THE UNIVERSITY'S WEBSITE AT WWW.RIT.EDU. OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part XII, Line 2c CONSOLIDATED FINANCIAL STATEMENTS 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 RISK AND 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. RIT CROATIA DON FRANA BULIKA 6 DUBROVNIK HR EDUCATIONAL PURPOSES HR 7744399 7809667 RIT GLOBAL DELIVERY CORPORATION ROCHESTER INSTITUTE OF TECHNOLOGY CONTROLLER 46 LOMB MEMORIAL DR ROCHESTER NY 146235604 160743140 EDUCATIONAL PURPOSES NY 501(c)(3) 2 NA 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 false false false false false false false false false false false false false false false false false true false