2021-05-12T10:58:33-05:00 2020-06-30 BKD LLP 201 N Illinois Street Indianapolis IN 46204 990 2019-07-01 350868149 Rose-Hulman Institute of Technology % MATTHEW D DAVIS ROSE 8128771511 5500 WABASH AVENUE CM 21 TERRE HAUTE IN 47803 MATTHEW D DAVIS VP FOR FINANCE 8128771511 2021-05-15 true NICOLE B FISHBACK P01279475 3173834000 2021-05-15 2019 2022-09-23 18:48:47Z MATTHEW D DAVIS 5500 WABASH AVENUE CM 21 TERRE HAUTE IN 47803 194609649 false X WWW.ROSE-HULMAN.EDU X 1874 IN TO PROVIDE THE WORLD'S BEST UNDERGRADUATE EDUCATION IN ENGINEERING, MATHEMATICS, AND SCIENCE. 25 22 1880 24 16654 16029 11608145 22320409 117954098 113328421 11898258 7248904 594723 572749 142055224 143470483 39262854 40398683 0 0 63723763 60121054 178900 0 3864191 35684434 34075217 138849951 134594954 3205273 8875529 442509716 458661917 115897993 125902512 326611723 332759405 TO PROVIDE OUR STUDENTS WITH THE WORLD'S BEST UNDERGRADUATE EDUCATION IN ENGINEERING, MATHEMATICS, AND SCIENCE IN AN ENVIRONMENT OF INDIVIDUAL ATTENTION AND SUPPORT. false false 116640742 40398683 113726811 STUDENT INSTRUCTION - TEACHING FACULTY/RELATED ADMINISTRATION SALARIES: COSTS ASSOCIATED THEREWITH (I.E. 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AUXILLARY ENTERPRISES - STUDENT RESIDENCE HALLS, FOOD SERVICES, STUDENT UNION BUILDING AND BOOKSTORE AND OPERATION MAINTENANCE OF PLANT. 116640742 true true false false false false false true false true true true false false true false true false true false true false false false false false false false true true true false false false false false false false true true true true false false false false true false false false true 154 0 1880 true true true false false false false true true false false false false false false X 25 22 true false false false false false false true true false false false true true true true true true true false IN X MATTHEW D DAVIS 8128771511 5500 WABASH AVENUE TERRE HAUTE IN 47803 X ROBERT COONS PRESIDENT 40.0 0.0 X X 604184 0 88431 STEVEN BRADY VP, INSTITUTIONAL ADVANCEMENT 40.0 0.0 X 267951 0 64983 MATTHEW DAVIS VP FOR FINANCE 40.0 0.0 X 246254 0 62825 WAYNE DENNISON VP FOR INFORMATION TECHNOLOGY 40.0 0.0 X 248405 0 60155 JAMES CONWELL FORMER PRESIDENT 0.0 0.0 X 251886 0 42183 RICK STAMPER PROVOST & VP, ACADEMIC AFFAIRS 40.0 0.0 X 213510 0 49605 RUSSELL WARLEY DEAN OF FACULTY & PROF OF CHEM 40.0 0.0 X 203315 0 49861 MEGAN ELLIOTT VP, HUMAN & ENVIRONMENTAL SVCS 40.0 0.0 X 209627 0 33295 ERIK HAYES VP, STDNT AFFRS & DEAN, STDNTS 40.0 0.0 X 170475 0 54636 STEPHEN CHENOWETH ASSOC PROF OF COMP SCIENCE 40.0 0.0 X 181460 0 40418 WILLIAM KLINE ASSOC DEAN, INNOVATION & PROF 40.0 0.0 X 167515 0 48102 AZAD SIAHMAKOUN DIR MICRO NANO DEVICES & PROF 40.0 0.0 X 184548 0 25466 MICHAEL MUELLER HEAD, DEPT OF CHEMISTRY & PROF 40.0 0.0 X 165034 0 43863 PATRICIA CARLSON PROF OF AMER LIT & DIR PRISM 40.0 0.0 X 179651 0 25175 JAMES GOECKER END 619 VP, ENROLLMENT MGMT 40.0 0.0 X 157192 0 32203 NILES NOBLITT TRUSTEE, CHAIRMAN 1.0 0.0 X X 0 0 0 CARL COOK TRUSTEE, VICE CHAIRMAN 1.0 0.0 X X 0 0 0 TOM DINKEL TRUSTEE, TREASURER 1.0 0.0 X X 0 0 0 GREG GIBSON TRUSTEE, SECRETARY 1.0 0.0 X X 0 0 0 ROBERT E BRIGHT TRUSTEE 1.0 0.0 X 0 0 0 JAMES A COLES SR TRUSTEE 1.0 0.0 X 0 0 0 TONYA L COMBS TRUSTEE 1.0 0.0 X 0 0 0 JANET L COOPER TRUSTEE 1.0 0.0 X 0 0 0 B GUILLE COX TRUSTEE (END 11/19) 1.0 0.0 X 0 0 0 WILLIAM R FENGOLIO TRUSTEE 1.0 0.0 X 0 0 0 ANTON HULMAN GEORGE TRUSTEE 1.0 0.0 X 0 0 0 DAVID HANNUM TRUSTEE 1.0 0.0 X 0 0 0 JEFF HARRISON TRUSTEE 1.0 0.0 X 0 0 0 DONALD INGS TRUSTEE 1.0 0.0 X 0 0 0 ASHVIN LAD ALUMNI REPRESENTATIVE 1.0 0.0 X 0 0 0 WARREN MICKENS TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL MUSSALLEM TRUSTEE 1.0 0.0 X 0 0 0 JEFF PAPA ALUMNI REPRESENTATIVE 1.0 0.0 X 0 0 0 JACK RAGLE TRUSTEE 1.0 0.0 X 0 0 0 CHARLES SIGMAN TRUSTEE 1.0 0.0 X 0 0 0 D JAMES UMPLEBY TRUSTEE 1.0 0.0 X 0 0 0 MARIA VAZ TRUSTEE 1.0 0.0 X 0 0 0 LINDA WHITE TRUSTEE 1.0 0.0 X 0 0 0 M ANDREW WILLIAMS TRUSTEE 1.0 0.0 X 0 0 0 CLYDE WILLIAN TRUSTEE 1.0 0.0 X 0 0 0 3451007 0 721201 107 true true false BON APPETIT 2400 YORKMONT ROAD CHARLOTTE NC 28217 FOOD SERVICE 6279590 CH GARMONG SONS INC 3050 POPLAR STREET TERRE HAUTE IN 47803 GENERAL CONTRACTING 3028234 BENCHMARK INC 1301 EAGLE STREET TERRE HAUTE IN 47807 GENERAL CONTRACTING 1406295 SYCAMORE ENGINEERING INC 1010 CHESTNUT STREET TERRE HAUTE IN 47807 GENERAL CONTRACTING 1203423 S G EXCAVATING INC 545 E MARGARET DRIVE TERRE HAUTE IN 47802 GENERAL CONTRACTING 862114 51 16608 1600999 20702802 4685103 22320409 TUITION AND FEES 611710 96982288 96982288 AUXILIARY ENTERPRISES 611710 13796499 13796499 OTHER SOURCES 611710 2549634 2549634 113328421 6187388 -10038 6197426 0 0 166042 166042 0 166042 18375 147667 50523060 49461544 1061516 1061516 1061516 0 0 0 0 0 0 2076012 1677622 398390 398390 EXCLUSIVITY CONTRACT 722210 8000 8000 CONCESSION PARKING 722210 317 317 8317 143470483 113726811 16654 7406609 16749 16749 40381934 40381934 0 0 2340202 775491 1231777 332934 44119 44119 41602254 34036809 5638169 1927276 4040165 3217814 617689 204662 9088661 7103620 1510771 474270 3005653 2416437 447032 142184 1119007 751946 293154 73907 123474 8707 114767 144156 144156 0 0 868128 868128 0 687009 418454 123412 145143 4471246 3395725 952690 122831 283514 136756 145607 1151 0 3038613 2772760 196240 69613 1524062 1034237 339204 150621 0 142486 88876 47543 6067 2668028 2633461 34567 0 10756645 10335707 420938 759468 503839 255629 FOOD SERVICE FEES 4539751 4519794 19922 35 OTHER 1750135 1215135 373949 161051 NON-CAPITAL EQUIPMENT 835775 651238 177871 6666 MEMBERSHIP/PROFESSIONAL 363720 225253 92687 45780 134594954 116640742 14090021 3864191 25672 30239 55621305 49109129 12801160 19536675 3012983 4411864 0 0 0 0 5189290 4117517 633190 1205351 0 0 358957043 201240804 145329463 157716239 166007588 170556108 43574313 41406767 0 0 0 0 10314752 10572028 442509716 458661917 11262405 11724514 0 0 2923528 2689216 75730155 82844995 0 0 0 0 0 0 0 0 25981905 28643787 115897993 125902512 X 163742796 156073113 162868927 176686292 326611723 332759405 442509716 458661917 X 8875529 444109 -3171956 X X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2617945 X false 218153297 12568060 6959490 4466704 5831970 634189 226747984 213545285 5320797 16517892 4184342 12212278 834057 218153297 206193826 3469677 16265114 4637981 6544382 1200969 213545285 191604976 6200119 19865478 3942335 6032682 1501730 206193826 201582399 3910546 -2830748 4116625 5629332 1311264 191604976 0.35000 0.52710 0.12290 true false 20359978 20359978 213477746 107588869 105888877 60108792 50964861 9143931 65010527 42687074 22323453 157716239 PRIVATE EQUITY 22420205 F HEDGE FUNDS AND FUNDS OF FUNDS 12860075 F REAL ASSETS 6126487 F 41406767 0 ACCR POSTRETIREMENT BENE OBLIGATION 15752714 ANNUITY/DISTRIBUTION PAYABLE 3051884 FEDERAL PERKINS LOAN ADVANCES 2740119 DEPOSITS 2326460 OTHER 884185 GATE LOAN RESERVE 434154 UNCLAIMED PROPERTY 17326 DINING SERVICE ADVANCE PAYABLE 3408146 CAPITAL LEASE PAYABLE 28799 28643787 144493329 444109 1677622 2121731 142371598 868128 230757 1098885 143470483 135404448 1677622 1677622 133726826 868128 868128 134594954 FORM 990, SCHEDULE D, PART III, LINE 4 EXEMPT PURPOSE: 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. FORM 990, SCHEDULE D, PART V, LINE 4 INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS: THE INSTITUTE'S ENDOWMENT FUNDS PROVIDE FINANCIAL SUPPORT OF THE INSTITUTE'S ACADEMIC AND OTHER NEEDS. THE EARNINGS FROM THE INVESTMENT OF THE ENDOWED FUNDS PROVIDE STUDENT SCHOLARSHIPS, LABORATORY AND EQUIPMENT, AND ENDOWED CHAIRS AND PROFESSORSHIPS. FORM 990, SCHEDULE D, PART X, LINE 2 ASC 740 DISCLOSURE: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. FORM 990, SCHEDULE D, PART XI RECONCILIATION OF REVENUE: LINE 2D: BOOKSTORE/LAPTOP COST OF GOODS SOLD $1,677,622 LINE 4B: CHANGE IN VALUE OF SPLIT INTEREST $ 230,757 FORM 990, SCHEDULE D, PART XII RECONCILIATION OF EXPENSES: LINE 2D: BOOKSTORE/LAPTOP COST OF GOODS SOLD $1,677,622 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 PUBLICATION OF THE ORGANIZATION'S NONDISCRIMINATION POLICY: SOLICITATION OF STUDENTS IS ACCOMPLISHED THROUGH DIRECT MAILINGS OR CONTACT WITH HIGH SCHOOL COUNSELORS. MAILINGS INCLUDE A STATEMENT OF RACIAL NON-DISCRIMINATION. THE NONDISCRIMINATORY POLICY IS ALSO PUBLISHED ON THE INSTITUTE'S WEBSITE at www.rose-hulman.edu/about-us/human-resources/title-ix. THE INSTITUTES'S ADMISSIONS POLICIES ARE IN ACCORDANCE WITH SEC 4.02 OF REV PROC 75-50. SCHEDULE E, PART I, LINE 6A EXPLANATION OF GOVERNMENTAL FINANCIAL AID: 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 AGENCIES GRANTS FOR THE PURPOSE OF RESEARCH AND ACQUISITION OF EQUIPMENT. Central America and the Caribbean PASSIVE INVESTMENTS 7654188 Central America and the Caribbean PROGRAM SERVICES CLASS PROJECT 3010 East Asia and the Pacific PROGRAM SERVICES STUDENT TRIP, SPEAKER 19852 Europe (Including Iceland and Greenland) PROGRAM SERVICES CONFERENCE, PRESENTATI 54344 North America PROGRAM SERVICES ATTEND CONFERENCE 9100 South America PROGRAM SERVICES ATTEND CONFERENCE 24709 South Asia PROGRAM SERVICES RECRUIT, PRESENT 21598 SUB-SAHARAN AFRICA PROGRAM SERVICES ATTEND CONFERENCE 10138 7796939 7796939 true false true true true false true ENDOWED SCHOLARSHIPS 641 4040000 NON-ENDOWED SCHOLARSHIPS 81 428533 INSTITUTIONAL FINANCIAL AID 2002 35913401 FORM 990, SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING USE OF GRANT FUNDS IN THE UNITED STATES: 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 X true true X X X X X X true false false false false false false false false ROBERT COONS PRESIDENT 604184 0 0 0 0 0 54540 0 33891 0 692615 0 0 0 AZAD SIAHMAKOUN DIR MICRO NANO DEVICES & PROF 184548 0 0 0 0 0 13378 0 12088 0 210014 0 0 0 STEPHEN CHENOWETH ASSOC PROF OF COMP SCIENCE 181460 0 0 0 0 0 12911 0 27507 0 221878 0 0 0 PATRICIA CARLSON PROF OF AMER LIT & DIR PRISM 179651 0 0 0 0 0 13706 0 11469 0 204826 0 0 0 WILLIAM KLINE ASSOC DEAN, INNOVATION & PROF 167515 0 0 0 0 0 17102 0 31000 0 215617 0 0 0 MICHAEL MUELLER HEAD, DEPT OF CHEMISTRY & PROF 165034 0 0 0 0 0 16266 0 27597 0 208897 0 0 0 STEVEN BRADY VP, INSTITUTIONAL ADVANCEMENT 267951 0 0 0 0 0 27565 0 37418 0 332934 0 0 0 WAYNE DENNISON VP FOR INFORMATION TECHNOLOGY 248405 0 0 0 0 0 26200 0 33955 0 308560 0 0 0 JAMES GOECKER END 619 VP, ENROLLMENT MGMT 157192 0 0 0 0 0 11674 0 20529 0 189395 0 0 0 RUSSELL WARLEY DEAN OF FACULTY & PROF OF CHEM 203315 0 0 0 0 0 21454 0 28407 0 253176 0 0 0 MATTHEW DAVIS VP FOR FINANCE 246254 0 0 0 0 0 26300 0 36525 0 309079 0 0 0 ERIK HAYES VP, STDNT AFFRS & DEAN, STDNTS 170475 0 0 0 0 0 18750 0 35886 0 225111 0 0 0 RICK STAMPER PROVOST & VP, ACADEMIC AFFAIRS 213510 0 0 0 0 0 21222 0 28383 0 263115 0 0 0 MEGAN ELLIOTT VP, HUMAN & ENVIRONMENTAL SVCS 209627 0 0 0 0 0 12971 0 20324 0 242922 0 0 0 JAMES CONWELL FORMER PRESIDENT 0 0 0 0 251886 0 0 0 42183 0 294069 0 0 0 FORM 990 SCHEDULE J, PART I, LINE 1A OTHER COMPENSATION: ROBERT COONS(PRESIDENT) RECEIVED CLUB DUES WHICH ARE GROSSED UP FOR TAX PURPOSES. HE ALSO RECEIVED A HOUSING ALLOWANCE, WHICH IS REPORTED IN SCHEDULE J, PART II AND IS REPORTED AS TAXABLE ON THE W-2. Spousal travel is provided. The President's spouse is also an employee in Rose-Hulman's advancement department, and often travels with the President as part of her job responsibilities. Spousal travel is analyzed to determine whether the travel was to fulfill a job responsibility, or strictly spousal travel. Travel expenses determined to be outside of fulfilling a Rose-Hulman job responsibility is added to W-2 wages. FORM 990, SCHEDULE J, PART 1, LINE 4A SEVERANCE PAYMENT: JAMES CONWELL RECEIVED SEVERANCE PAY TOTALING $251,886. A INDIANA FINANCE AUTHORITY 351602316 455057J67 2011-09-08 21000000 CONSTRUCTION AND EXPANSION OF CAMP false false false B INDIANA FINANCE AUTHORITY 351602316 45506DT96 2018-12-20 36062495 CONSTRUCTION AND EXPANSION OF CAMP false false false C INDIANA FINANCE AUTHORITY 351602316 45506D8J7 2020-05-27 26729817 CONSTRUCTION AND EXPANSION OF CAMP false false false A 0 0 21002290 0 0 0 420000 0 0 20582290 0 0 2011 false false true true B 0 0 36882342 0 0 0 362481 0 0 18741942 0 17777919 false false false true C 0 0 26729985 0 0 0 294817 0 0 16435000 0 10000168 true false false true A false false false false 0 false false false true B false false false false 0 false false false true C false false false false 0 false false false true A false false false true false false 0 false 0 false true B false true false false false false 0 false 0 false true C false true false false false false 0 false 0 false true A true B true C true . . FORM 990, SCHEDULE K, PART II, LINE 3 INVESTMENT EARNINGS: INVESTMENT EARNINGS OF $2,290 ARE INCLUDED IN THE TOTAL PROCEEDS OF ISSUE OF THE 2011 BONDS. INVESTMENT EARNINGS OF $819,847 ARE INCLUDED IN THE TOTAL PROCEEDS OF ISSUE OF THE 2018 BONDS. INVESTMENT EARNINGS OF $168 ARE INCLUDED IN THE TOTAL PROCEEDS OF ISSUE OF THE 2020 BONDS. FORM 990, SCHEDULE K, PART IV, LINE 2C ARBITRAGE: (B) ISSUER NAME: INDIANA FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/29/2016 DAVID HANNUM PART OWNER CH GARMONG 3592227 CH GARMONG false TOM DINKEL CEO OF SYCAMORE ENGINEER 1754485 SYCAMORE ENGINEERING false SUBSTANTIAL CONTRIBUTOR DONOR AND BUSINESS 16609 DONOR/BUSINESS TRANSACTION false TAMERA COONS SPOUSE OF OFFICER 44119 DIRECTOR OF DONOR RELATIONS false FORM 990, SCHEDULE L, PART IV, LINE 1 Business Transactions Involving Interested Persons: The board member was not involved in the decision to use their company. FORM 990, SCHEDULE L, PART IV, LINE 2 Business Transactions Involving Interested Persons: The board member was not involved in the decision to use their company. X 18527 FMV X 41 4581847 FMV X 1 1001 FMV X EVENTS 2 1742 FMV X EQUIPMENT 3 75821 FMV X ATHLETIC TRAVEL 1 6165 FMV 9 false true false SCHEDULE M, PART I, COLUMN (B) NUMBER OF CONTRIBUTORS: ROSE-HULMAN INSTITUTE OF TECHNOLOGY REPORTS THE NUMBER OF CONTRIBUTORS IN COLUMN (B). FORM 990, PART VI, SECTION A, LINE 2 FAMILY AND BUSINESS RELATIONSHIPS: SOME MEMBERS OF THE BOARD OF TRUSTEES HAVE FAMILY AND BUSINESS RELATIONSHIPS IN THE ORDINARY COURSE OF BUSINESS. THOMAS DINKEL AND ANTON GEORGE HAVE A BUSINESS RELATIONSHIP. THOMAS DINKEL AND GREG GIBSON HAVE A BUSINESS RELATIONSHIP. THOMAS DINKEL AND DAVID HANNUM HAVE A BUSINESS RELATIONSHIP. ANTON GEORGE AND GREG GIBSON HAVE A BUSINESS RELATIONSHIP. JAMES BAUMGARDT AND NILES NOBLITT HAVE A BUSINESS RELATIONSHIP. PATRICK CAHILL AND THOMAS DINKEL HAVE A BUSINESS RELATIONSHIP. ANTON GEORGE AND WILLIAM OLAH HAVE A BUSINESS RELATIONSHIP. DAVID HANNUM AND WILLIAM OLAH HAVE A BUSINESS RELATIONSHIP. JAMES TRUEBLOOD AND LINDA WHITE HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW THE FORM 990: THE FORM WAS PREPARED BY AN INDEPENDENT CPA FIRM AND WAS REVIEWED IN DETAIL AND APPROVED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. A PUBLIC DISCLOSURE VERSION OF THE FORM 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 MONITORING & ENFORCEMENT OF COMPLIANCE WITH CONFLICT OF INTEREST POLICY: 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. IF A CONFLICT IS DETERMINED TO EXIST, PERSON(S) DESIGNATED BY THE CHAIRMAN OF THE BOARD OF TRUSTEES WORK WITH THE APPROPRIATE INDIVIDUAL(S) TO DESIGN A PLAN TO MANAGE, REDUCE, OR ELIMINATE THE CONFLICT IN A MANNER CONSISTENT WITH THE BEST INTEREST OF THE INSTITUTE AND THE RIGHTS OF THE INDIVIDUAL. IF THE DESIGNEES ARE UNABLE TO RECOMMEND A RESOLUTION, THE CASE IS REFERRED TO THE PRESIDENT, THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES, OR THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AS APPROPRIATE FOR RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15A & 15B PROCESS TO DETERMINE PRESIDENT AND OFFICER COMPENSATION: IN MAY OF EACH YEAR, ROSE-HULMAN INSTITUTE OF TECHNOLOGY'S BOARD OF TRUSTEES COMPENSATION COMMITTEE 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 AVAILABILITY OF GOVERNING DOCUMENTS, COI POLICY, FORM 990, AND FS: 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. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES: DEFINED BENEFIT PLAN NET LOSS $(2,941,199) CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS (230,757) TOTAL TO FORM 990, PART XI, LINE 9 $(3,171,956) FORM 990, PART XII, LINE 1 ACCOUNTING METHOD USED TO PREPARE FORM 990: THE FORM 990 IS PREPARED ON AN ACCRUAL BASIS WITH THE EXCEPTION OF SCHEDULE B WHICH IS PREPARED ON A CASH BASIS. INDEPENDENT COLLEGES OF INDIANA 30 SOUTH MERIDIAN STREET INDIANAPOLIS IN 46204 310901001 EDU SUPPORT IN 501(C)(3) 12A TYPE 1 false ASSOC OF INDEPENDENT TECHNOLOGICAL UNIV 8 CLARKSON AVENUE POTSDAM NY 13699 203393428 EDU SUPPORT NY 501(C)(3) 12A TYPE 1 false CHARITABLE REMAINDER TRUSTS (6) 5500 WABASH AVENUE TERRE HAUTE IN 47803 TRUST IN TRUST false false false true false false false false false false false false false false false false false false false false