2017-05-08T10:00:11-05:00 2016-06-30 990 2015-07-01 160743140 Rochester Institute of Technology ROCH 5854752383 46 Lomb Memorial Drive Rochester NY 14623 James H Watters Sr VP Finance & Administration 2017-05-02 2015 2021-01-29 14:40:06Z William Destler 46 Lomb Memorial Drive Rochester NY 14623 850995930 false X www.rit.edu X 1830 NY THROUGH A UNIQUE BLEND OF CURRICULAR, EXPERIENTIAL, AND RESEARCH PROGRAMS DELIVERED WITHIN A STUDENT-CENTRIC CULTURE, ROCHESTER INSTITUTE OF TECHNOLOGY PREPARES ITS STUDENTS FOR SUCCESSFUL CAREERS IN A GLOBAL SOCIETY. 48 43 12653 3268 3645351 -3498455 124963942 131475310 528170839 564057916 38578155 37976228 9949865 9704606 701662801 743214060 171690021 189209017 0 332543704 352101147 93275 60184 10060997 158011959 176082649 662338959 717452997 39323842 25761063 1726065715 1717639043 559195258 561341958 1166870457 1156297085 THROUGH A UNIQUE BLEND OF CURRICULAR, EXPERIENTIAL, AND RESEARCH PROGRAMS DELIVERED WITHIN A STUDENT-CENTRIC CULTURE, ROCHESTER INSTITUTE OF TECHNOLOGY PREPARES ITS STUDENT FOR SUCCESSFUL CAREERS IN A GLOBAL SOCIETY. false false 488570903 184924166 473273430 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 countries. RIT total enrollment in Fall 2015 was approximately 18,600, which included approximately 15,400 undergraduate and 3,200 graduate students. Approximately 16,800 students are enrolled at RIT's main campus and the remainder at international locations. RIT is comprised of nine colleges and two degree-granting entities offering more than 200 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 1,200 students from the United States and abroad. In 2016, RIT was recognized as a top tier national university for the first time in the 34-year history of U.S. News and World Report rankings. The change is a result of the university's reclassification from masters-comprehensive to doctoral university (moderate research activity). RIT also ranked 33rd among 11 best value schools "Great Schools, Great Prices" and was ranked in the Princeton Review's "Best 381 Colleges." Over the preceding 10 years enrollment has increased from 15,200 students in the Fall of 2005 to 18,606 students in the Fall of 2015, an increase of 22%. 121149975 92023 85100760 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 RIT's educational mission. These services include housing operations and dining services. Sales and services of auxiliary enterprises generated total revenue of $86.5 million, an increase of $5.0 million over the prior year. Surpluses from auxiliary services support the operating budget of the University. 45669535 4192828 5683726 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. 655390413 true true false true false false true true false true true true false false true true false true true false true true false true true false false true true true true false false false false false false true false true true true true false false true true true true false false true 1371 0 true 12653 true true true true HR false false false true true false false false false X 48 43 true false false false false false false true true false false true true true true true true true true false CA NY X X Lyn Kelly 5854752383 7 Lomb Memorial Drive Rochester NY 146235603 WILLIAM W DESTLER PRESIDENT 40.0 0.1 X X 884619 0 93040 ROBERT W AUGUST TRUSTEE 0.1 X 0 0 0 ERIC J BIEBER TRUSTEE 0.1 X 0 0 0 BROOKS H BOWER TRUSTEE 0.1 X 0 0 0 ANDREW N BRENNEMAN TRUSTEE 0.1 X 0 0 0 CHARLES S BROWN JR TRUSTEE 0.1 X 0 0 0 WILLIAM A BUCKINGHAM TRUSTEE 0.1 X 0 0 0 DAVID J BURNS TRUSTEE 0.1 0.1 X 0 0 0 ANN L BURR TRUSTEE 0.1 X 0 0 0 ESSIE L CALHOUN-MCDAVID TRUSTEE 0.1 X 0 0 0 RICHARD M DASTIN TRUSTEE 0.1 X 0 0 0 ROBERT A DOBIES TRUSTEE 0.1 X 0 0 0 NANCY L FEIN TRUSTEE 0.1 0.1 X 0 0 0 MARIANNE GOFF TRUSTEE 0.1 X 0 0 0 ARTHUR A GOSNELL TRUSTEE 0.1 X 0 0 0 BRIAN H HALL TRUSTEE 0.1 X 0 0 0 JEFFREY K HARRIS TRUSTEE 0.1 X 0 0 0 FRANK S HERMANCE TRUSTEE 0.1 X 0 0 0 SUSAN R HOLLIDAY TRUSTEE 0.1 X 0 0 0 JAY T HOLMES TRUSTEE 0.1 0.1 X 0 0 0 THOMAS F JUDSON JR TRUSTEE 0.1 X 0 0 0 RICHARD A KAPLAN TRUSTEE 0.1 0.1 X 0 0 0 JOYCE B KLEMMER TRUSTEE 0.1 X 0 0 0 ERIC J KUCKHOFF TRUSTEE 0.1 X 0 0 0 AUSTIN W MCCHORD TRUSTEE 0.1 X 0 0 0 ROOSEVELT MERCER JR TRUSTEE 0.1 X 0 0 0 ROBERT D MOORE JR TRUSTEE 0.1 0.1 X 0 0 0 HAROLD M MOWL JR TRUSTEE 0.1 X 0 0 0 HENRY D NAVAS TRUSTEE 0.1 X 0 0 0 BRIAN P O'SHAUGHNESSY TRUSTEE 0.1 X 0 0 0 SANDRA A PARKER TRUSTEE 0.1 X 0 0 0 WOLFGANG PFIZENMAIER TRUSTEE 0.1 X 0 0 0 GERARD Q PIERCE TRUSTEE 0.1 X 0 0 0 SUSAN M PUGLIA TRUSTEE 0.1 X 0 0 0 ROBERT W RICE TRUSTEE 0.1 X 0 0 0 RONALD S RICOTTA TRUSTEE 0.1 X 0 0 0 SUSAN J RILEY TRUSTEE 0.1 X 0 0 0 RICHARD E SANDS TRUSTEE 0.1 X 0 0 0 JANET F SANSONE TRUSTEE 0.1 X 0 0 0 STEPHEN L SCHULTZ TRUSTEE 0.1 X 0 0 0 FRANK S SKLARSKY TRUSTEE 0.1 X 0 0 0 KEVIN J SURACE TRUSTEE 0.1 X 0 0 0 SHARON TING TRUSTEE 0.1 X 0 0 0 HARRY P TRUEHEART III TRUSTEE 0.1 X 0 0 0 DONALD J TRUESDALE TRUSTEE 0.1 X 0 0 0 KIM E VANGELDER TRUSTEE 0.1 X 0 0 0 RICARDO A VENEGAS TRUSTEE 0.1 X 0 0 0 JUDY B VON BUCHER TRUSTEE 0.1 X 0 0 0 CHESTER N WATSON TRUSTEE 0.1 X 0 0 0 CHRISTINE B WHITMAN TRUSTEE 0.1 0.1 X 0 0 0 RONALD L ZARRELLA TRUSTEE 0.1 X 0 0 0 KAREN A BARROWS SECRETARY OF THE INST AND CHIEF OF STAFF 40.0 X 123815 0 19557 GERARD BUCKLEY PRESIDENT NTID, VP AND DEAN RIT 40.0 X 310515 0 44481 LISA A CAUDA VP DEVELOPMENT AND ALUMNI RELATIONS 40.0 X 282799 0 40810 JEREMY A HAEFNER PROVOST AND SVP ACADEMIC AFFAIRS 40.0 0.1 X 467445 0 48091 KEITH JENKINS INTERIM VP & ASSOC PROVOST FOR DIVERSITY & INCLUSION 40.0 X 106920 0 37843 SANDRA S JOHNSON SVP STUDENT AFFAIRS 40.0 X 320218 0 44892 KATHERINE J MAYBERRY VP FOR STRATEGIC PLANNING AND SPECIAL INITIATIVES 40.0 X 254508 0 40632 KEVIN MCDONALD VP AND ASSOC PROVOST FOR DIVERSITY AND INCLUSION 40.0 X 232782 0 51548 JAMES G MILLER SVP ENROLLMENT MGMT AND CAREER SVCS 40.0 0.1 X 372375 0 42266 DANIEL ORNT VP AND DEAN OF INST OF HEALTH SCIENCES AND TECH 40.0 X 411488 0 40975 RYNE RAFFAELLE VP FOR RESEARCH AND ASSOC PROVOST 40.0 X 270500 0 107128 DEBORAH M STENDARDI VP GOVT AND COMMUNITY RELATIONS 40.0 X 263312 0 51228 JAMES H WATTERS SVP FINANCE AND ADMINISTRATION 40.0 0.1 X 485044 0 49307 DONALD F FIGER PROF AND DIR CENTER FOR DETECTORS 40.0 X 279880 0 39567 SOPHIA MAGGELAKIS DEAN, COLLEGE OF SCIENCE 40.0 X 262563 0 35744 JACQUELINE MOZRALL DEAN, SAUNDERS COLLEGE OF BUSINESS 40.0 X 290373 0 41462 NABIL Z NASR ASST PROVOST, DIR GOLISANO INST OF SUSTAINABILITY 40.0 X 412691 0 47234 HARVEY PALMER DEAN, KATE GLEASON COLLEGE OF ENGINEERING 40.0 X 277333 0 44587 6309180 0 920392 496 false true true BOND SCHOENECK & KING PLLC ONE LINCOLN CENTER SYRACUSE NY 132021355 LEGAL SERVICES 825039 AMERICAN CAMPUS COMMUNITIES OPERATING PTP LLC 400 PARK POINT DRIVE ROCHESTER NY 14623 RENT 801268 PRICEWATERHOUSE COOPERS LLP PO BOX 7247-8001 PHILADELPHIA PA 19170 AUDIT/CONSULTING FEES 475861 HBT ARCHITECTS LLP 16 SOUTH MAIN ST PITTSFORD NY 14534 ARCHITECTURAL SERVICES 250256 LOUIS-PHILIPPE LALONDE 930 EDGECLIFF WAY REDWOOD CITY CA 94061 MARKETING SERVICES 219700 20 X 0 0 25871 0 107124312 24325127 3731397 131475310 Tuition 900099 471818105 471818105 0 0 Auxiliary services 721000 76520736 0 0 76520736 Research 900099 2652345 0 1028945 1623400 Non-credit Instruction 900099 3223229 3164367 58862 0 Fees 713990 2133933 0 0 2133933 7709568 7476186 14442 218940 564057916 13261643 0 -2170265 15431908 10425 0 0 10425 272794 0 0 272794 751921 762810 -10889 0 -10889 0 -10889 131680464 6164 106535737 446731 25144727 -440567 24704160 0 24704160 28358 36592 -8234 0 -8234 0 0 0 0 0 0 0 0 0 0 0 0 RIT Inn and Conference Center 721110 3570570 0 3570570 0 Bookstore Commissions 451211 971660 0 0 971660 Parking 812930 1270031 1270031 0 0 3638674 1531820 1142797 964057 9450935 743214060 485260509 3645351 122832890 414166 414166 188723257 188723257 71594 71594 4948614 1429368 2648355 870891 265258912 239039084 20783114 5436714 19945899 17670287 1810477 465135 44267702 39229256 3658053 1380393 17680020 15662921 1604804 412295 282160 84069 198091 1363691 272535 1090294 862 331256 1630 329626 349613 10970 323767 14876 60184 60184 376968 376968 28160331 23482527 4487049 190755 1411587 1058462 340634 12491 41143950 36767122 4041722 335106 5699991 5108778 440900 150313 48919 48919 9912107 9476056 430151 5900 13520102 11945101 988784 586217 11160453 10224590 935863 38195771 35121482 3074289 1492475 1414851 77604 20 POSTRETIREMENT BENEFITS ASC 715 20888690 18505516 2327599 55575 BAD DEBT EXPENSE 1238556 101606 1136950 0 ASSET RETIREMENT OBLIGATIONS -1500036 -1424434 -75602 0 GOVT ACQUIRED FABRICATED EQUIPMENT 799022 799022 0 0 1207043 151678 972095 83270 717452997 655390413 52001587 10060997 553106 566344 50130162 60212732 34828434 29645464 59356850 56506017 0 0 0 1320811 1232264 8291391 6861770 1127650475 495368561 646532158 632281914 282115202 257086723 637296480 670326064 0 0 5641121 2919751 1726065715 1717639043 40490208 39708435 0 25317138 25386008 282869457 270441170 0 0 0 210518455 225806345 559195258 561341958 X 763094069 760402513 253458940 235765121 150317448 160129451 1166870457 1156297085 1726065715 1717639043 25761063 -36334435 0 X false true X true true true X 133522380 122780174 118153092 124903152 131474881 630833679 0 0 133522380 122780174 118153092 124903152 131474881 630833679 0 630833679 15855657 13327954 14909633 19006334 16467048 79566626 0 0 0 0 0 0 2596659 1813101 1905496 1933093 1964075 10212424 720612729 2205182433 0.8754 0.8738 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - COMMISSIONS - BOOKSTORE, COLUMN A - 972474.0, COLUMN B - 971660.0, COLUMN C - 971660.0, COLUMN D - 971660.0, COLUMN E - 971660.0, COLUMN F - 4859114.0; DESCRIPTION - MARGARETS HOUSE, COLUMN A - 818697.0, COLUMN B - 765357.0, COLUMN C - 848998.0, COLUMN D - 887201.0, COLUMN E - 907015.0, COLUMN F - 4227268.0; DESCRIPTION - FUNDRAISING INCOME, COLUMN A - 30141.0, COLUMN B - 35066.0, COLUMN C - 32734.0, COLUMN D - 30633.0, COLUMN E - 28358.0, COLUMN F - 156932.0; DESCRIPTION - ALL OTHER REVENUE, COLUMN A - 775347.0, COLUMN B - 41018.0, COLUMN C - 52104.0, COLUMN D - 43599.0, COLUMN E - 57042.0, COLUMN F - 969110.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 396871 396871 654993542 655390413 1000000 0 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 379134 346300 372198 396871 1494503 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 X X 1 32.0 0 0 0 1 false 44223 11969618 X X X X Education false 761936337 20576277 -1429899 7277918 22910072 750894725 753950862 16583606 17755661 6830883 19522909 0 761936337 669331907 7171686 105705608 6605396 21652943 0 753950862 628328362 4654227 62099043 6636972 19112753 0 669331907 640962040 1676001 11769898 6708063 19371514 0 628328362 0.5282 0.2093 0.2625 true false 11047258 11047258 943480199 394994994 548485205 150364420 100373567 49990853 22758598 22758598 632281914 BENEFICIAL INTEREST IN TRUSTS CASH SURRENDER VALUE OF LIFE INSURANCE COMMINGLED EQUITY FUNDS COMMINGLED FIXED INCOME FUNDS PRIVATE PLACEMENTS HEDGE FUNDS CDAR HELD FOR INVESTMENT BENEFICIAL INTERESTS IN TRUSTS 1528406 F CASH SURRENDER VALUE OF LIFE INSURANCE 151953 F COMMINGLED EQUITY FUNDS 247580303 F COMMINGLED FIXED INCOME FUNDS 17715949 F PRIVATE PLACEMENTS 200368975 F HEDGE FUNDS 174655828 F CDAR HELD FOR INVESTMENT 28324650 F 670326064 FEDERAL PERKINS LOAN PROGRAM ASSET RETIREMENT OBLIGATIONS ASC 715 POSTRETIREMENT BENEFITS OBLIGATION ALL OTHER LIABILITIES FEDERAL PERKINS LOAN PROGRAM 22302117 ASSET RETIREMENT OBLIGATIONS 20527587 ASC 715 POSTRETIREMENT BENEFITS OBLIGATION 180724670 ALL OTHER 2251971 225806345 X 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 RIT'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 US subsidiaries, except for Venture Fund I, LLC (Fund I), are not-for-profit organizations, and generally exempt from income taxes on related income under Section 501(c)(3) of the IRC but are subject to unrelated business income tax on activities not related to their exempt purposes. Fund I, a limited liability company of which RIT is the investor member, is classified as a disregarded entity for federal income tax purposes. In June 2015, RIT Croatia was notified by the Croatian Ministry of Finance that it had been removed from its non-profit registry and is now subject to the assessment of Corporate Profit Tax in Croatia. The accounting for income taxes Topic of the FASB Accounting Standards Codification addresses the determination of whether certain tax positions result in benefits claimed or expected to be claimed on a tax return and whether they should be recorded in the Consolidated Financial Statements. For tax-exempt entities, tax positions include the entity's tax-exempt status and assumptions used to determine unrelated business taxable income. The University believes its tax positions meet the more-likely-than-not recognition threshold referenced in the Topic. 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 RIT'S 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 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. Central America and the Caribbean 0 0 Investments 187677172 Europe (Including Iceland and Greenland) 0 0 Investments 9749149 North America (Canada & Mexico only) 0 0 Investments 271048 0 0 0 0 0 0 197697369 0 197697369 Europe (Including Iceland and Greenland) Research related to environmental, social and cultural change in contemporary Greenland 54654 Wire Europe (Including Iceland and Greenland) CONFERENCE INTERPRETER SPONSORSHIP 7816 WIRE Europe (Including Iceland and Greenland) CONFERENCE SPONSORSHIP 9124 WIRE 0 3 true false true true true false X X X X X X X true BRAKELEY BRISCOE 322 W BELLEVUE AVE SAN MATEO CA 94402 CAMPAIGN CONSULTANT false 0 52725 -52725 USEED 1898 E CARMEN ST TEMPE AZ 85283 CROWDSOURCE CONSULTANT false 139589 7459 132130 139589 60184 79405 AK AZ CO FL ME MA MI NH OR SC WA WV TIGER OPEN GOLF TOURN 40120 23155 16965 0 100 6380 6033 0 5551 RITZ DINNER 14109 2716 11393 0 0 0 8140 250 10138 0 0 54229 25871 28358 0 100 6380 14173 250 15689 36592 -8234 Schedule G, Part I, Line 2b Brakeley Briscoe Brakeley Briscoe was engaged as a fundraising consultant with respect to the blended campaign. Amount paid (column v) includes consulting fees and direct expenses associated with the project that includes travel, meals, entertainment costs, express document delivery charges, telephone conferencing costs, and document printing, photocopying, and binding. Brakeley Briscoe has advised the University that it is a fundraising consultant, and not a fundraiser. Schedule G, Part I, Line 2b USEED USEED is a crowdfunding service provider engaged by the University. Amount reported in column v represents consulting services provided with respect to crowdfunding initiatives. true ALEXANDER GRAHAM BELL ASSOCIATION 3417 VOLTA PLACE NW WASHINGTON DC 20007 530196644 501C3 18000 GENERAL SUPPORT CALIFORNIA ASSOC FOR LOCAL ECONOMIC DEVELOPMENT 550 BERCUT DRIVE SACRAMENTO CA 95814 942645503 501C6 7500 CONFERENCE SPONSORSHIP GREATER ROCHESTER ENTERPRISE INC ONE HSBC PLAZA 100 CHESTNUT ST SUITE 1919 ROCHESTER NY 14604 100000080 501C3 37500 SPONSORSHIP HENRIETTA FIRE DISTRICT 850 BAILEY RD W HENRIETTA NY 14586 160974231 STATE OF NY 35000 GENERAL SUPPORT HIGH TECH ROCHESTER INC 159 LUCIUS GORDON DR SUITE 100 W HENRIETTA NY 14586 161195028 501C3 5500 EVENT SPONSORSHIP NATIONAL ASSOCIATION OF THE DEAF 8630 FENTON ST SUITE 820 SILVER SPRING MD 20910 941358295 501C3 18500 EVENT AND CONFERENCE SPONSORSHIP NEW YORK WINE & CULINARY CTR 800 S MAIN ST CANANDAIGUA NY 14424 201682175 501C3 26000 GENERAL SUPPORT FRIENDS OF GANONDAGAN INC 1488 ROUTE 444 VICTOR NY 14564 161353895 501C3 9000 GENERAL SUPPORT ROCHESTER GENERAL HOSPITAL 1425 PORTLAND AVE ROCHESTER NY 14621 160743134 501C3 7100 EVENT SPONSORSHIP MK GANDHI INSTITUTE FOR NONVIOLENCE 929 S PLYMOUTH AVE ROCHESTER NY 14608 581902609 501C3 25000 GENERAL SUPPORT ROCHESTER FRINGE FESTIVAL INC PO BOX 10508 ROCHESTER NY 14610 452840652 501C3 27500 EVENT SPONSORSHIP ARNOLD AIR SOCIETY - SILVER WINGS 1501 LEE HIGHWAY-AFA SUITE 400 ARLINGTON VA 22209 530231491 501C4 11000 GENERAL SUPPORT 10 2 SCHOLARSHIP 13488 180800118 GRADUATE RESEARCH ASSISTANCE 378 5221811 FELLOWSHIPS 34 189607 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 AND FELLOWSHIPS) 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 false true X X X X X X false false false false false false false false false WILLIAM W DESTLER PRESIDENT 824376 0 51008 0 9235 0 23850 0 69190 0 977659 0 0 0 GERARD BUCKLEY PRESIDENT NTID, VP AND DEAN RIT 306951 0 0 0 3564 0 26500 0 17981 0 354996 0 0 0 LISA A CAUDA VP DEVELOPMENT AND ALUMNI RELATIONS 281181 0 0 0 1618 0 26500 0 14310 0 323609 0 0 0 JEREMY A HAEFNER PROVOST AND SVP ACADEMIC AFFAIRS 447944 0 17179 0 2322 0 23850 0 24241 0 515536 0 0 0 SANDRA S JOHNSON SVP STUDENT AFFAIRS 305128 0 4469 0 10621 0 23850 0 21042 0 365110 0 0 0 KATHERINE J MAYBERRY VP FOR STRATEGIC PLANNING AND SPECIAL INITIATIVES 238217 0 0 0 16291 0 24305 0 16327 0 295140 0 0 0 KEVIN MCDONALD VP AND ASSOC PROVOST FOR DIVERSITY AND INCLUSION 229511 0 0 0 3271 0 21448 0 30100 0 284330 0 0 0 JAMES G MILLER SVP ENROLLMENT MGMT AND CAREER SVCS 353678 0 8159 0 10538 0 26500 0 15766 0 414641 0 0 0 DANIEL ORNT VP AND DEAN OF INST OF HEALTH SCIENCES AND TECH 407654 0 0 0 3834 0 23850 0 17125 0 452463 0 0 0 RYNE RAFFAELLE VP FOR RESEARCH AND ASSOC PROVOST 269258 0 0 0 1242 0 26500 0 80628 0 377628 0 0 0 DEBORAH M STENDARDI VP GOVT AND COMMUNITY RELATIONS 251183 0 0 0 12129 0 25929 0 25299 0 314540 0 0 0 JAMES H WATTERS SVP FINANCE AND ADMINISTRATION 453603 0 17205 0 14236 0 26500 0 22807 0 534351 0 0 0 DONALD F FIGER PROF AND DIR CENTER FOR DETECTORS 239891 0 0 0 39989 0 19665 0 19902 0 319447 0 0 0 SOPHIA MAGGELAKIS DEAN, COLLEGE OF SCIENCE 260241 0 0 0 2322 0 26441 0 9303 0 298307 0 0 0 JACQUELINE MOZRALL DEAN, SAUNDERS COLLEGE OF BUSINESS 289002 0 0 0 1371 0 26500 0 14962 0 331835 0 0 0 NABIL Z NASR ASST PROVOST, DIR GOLISANO INST OF SUSTAINABILITY 409127 0 0 0 3564 0 26500 0 20734 0 459925 0 0 0 HARVEY PALMER DEAN, KATE GLEASON COLLEGE OF ENGINEERING 270475 0 0 0 6858 0 26500 0 18087 0 321920 0 0 0 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. 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 NINE 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. AMOUNTS CONSIDERED TAXABLE ARE REPORTED COMPENSATION INCLUDED ON THE EMPLOYEE'S 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 A DASNY RIT SERIES 2002B 146000293 64983QH51 2006-05-04 15719523 SEE SUPPLEMENTAL INFORMATION true false false B DASNY RIT SERIES 2006A 146000293 64983QF38 2006-05-04 61706239 SEE SUPPLEMENTAL INFORMATION false false false C DASNY RIT SERIES 2008A 146000293 6499034Y4 2008-11-13 84352284 SEE SUPPLEMENTAL INFORMATION true false false D DASNY RIT SERIES 2010 146000293 6499054S2 2010-10-21 83324343 SEE SUPPLEMENTAL INFORMATION false false false A 4190000 10850000 15720929 0 0 0 141121 5000 9808 0 15565000 0 2004 true false true true B 25785000 0 61710620 0 0 0 457585 470127 15809 0 60767099 0 2000 false true true true C 6900000 76100000 85041578 0 0 0 684437 0 0 83691277 665864 0 2010 false false true true D 6115000 0 83421727 0 0 0 559987 0 0 38134885 44726855 0 2013 false true true true A 0.0 0.0 0.0 B 0.0 0.0 0.0 C false true true false true false 0.0026 0.0002 0.0028 false false true D false true true false true false 0.0169 0.0 0.0169 false false true A false false false true false false false false true B false false false true false false false false true C false false false true false false false false true D false false false true false false false false true A true B true C true D true Schedule K, Part II, Line 11 LINE 11A, SERIES 2012 OTHER SPENT PROCEEDS, INCLUDES $75,000 FOR ISSUER/DASNY FEES. Schedule K, Part I, Column (f) ISSUER NAME - DASNY, RIT SERIES 2010 LINE D (F): THE 2010 PROJECT CONSISTS OF THE CONSTRUCTION OF A NEW ACADEMIC BUILDING, THE CONSTRUCTION OF A GREEN DATA CENTER, THE EXPANSION OF ATHLETIC FACILITIES, VARIOUS OTHER CAMPUS-WIDE IMPROVEMENTS, AND THE ADVANCE REFUNDING OF DASNY, RIT SERIES 2002A, DATED OCTOBER 31, 2002. Schedule K, Part I, Column (f) ISSUER NAME - DASNY, RIT SERIES 2006A LINE B (f): THE SERIES 2006A (ADVANCE REFUNDING OF DASNY, RIT SERIES 1997, ISSUED JULY 15, 1997) - PROJECT CONSISTS OF CONSTRUCTION, RENOVATION AND IMPROVEMENTS TO VARIOUS RESIDENTIAL BUILDINGS AND APARTMENT COMPLEXES AND A FINANCIAL INFORMATION SYSTEM. PURSUANT TO CODE SECTION 150(C)(3)(ii), THE ISSUE REPORTED IN THE INFORMATION RETURN FOR TAX-EXEMPT PRIVATE ACTIVITY BOND ISSUES (FORM 8038) AND THE REISSUANCE OF THE SAME DATE OF THE ISSUER'S ROCHESTER INSTITUTE OF TECHNOLOGY INSURED REVENUE BONDS, SERIES 2002B. AS REPORTED IN A SEPARATE 8038 DATED MAY 4, 2006, ARE TREATED AS PARTS OF A SINGLE ISSUE FOR CERTAIN PURPOSES DESCRIBED IN A CODE SECTION 150(C)(3)(ii). Schedule K, Part II, Line 7 LINE 7C, SERIES 2008A ORIGINAL ISSUANCE COSTS FROM PROCEEDS OF $697,839 WERE ADJUSTED FOR $13,402 OF UNUSED PROCEEDS. THESE PROCEEDS ($13,402), TOGETHER WITH INVESTMENT PROCEEDS OF $689,295, ARE INCLUDED IN PART II, LINE 10C, CAPITAL EXPENDITURES FROM PROCEEDS. Schedule K, Part II, Line 11 LINE 11B, SERIES 2006A OTHER SPENT PROCEEDS, INCLUDES $75,000 FOR ISSUER/DASNY FEES, $400,919 FOR STATE ISSUANCE FEES AND $60,291,180 OF PROCEEDS USED TO LEGALLY DEFEASE THE OUTSTANDING AGGREGATE PRINCIPAL AMOUNT OF SERIES 1997. THE REFUNDED BONDS WERE CALLED ON JULY 1, 2007. Schedule K, Part II, Line 11 LINE 11D, SERIES 2010 OTHER SPENT PROCEEDS, INCLUDES $75,000 FOR ISSUER/DASNY FEES, $650,450 FOR STATE ISSUANCE FEES, AND $44,001,405 OF PROCEEDS USED IN REFUNDING ESCROW FOR SERIES 2002A. THE REFUNDED BONDS WERE CALLED ON JULY 1, 2012. Schedule K, Part II, Line 11 LINE 11A, SERIES 2002B OTHER SPENT PROCEEDS, INCLUDES $5,000 FOR ISSUER/DASNY FEES AND $15,560,000 OF PROCEEDS USED TO REDEEM SERIES 2002B, REOFFERED ON MAY 4, 2006. THE REOFFERED BONDS WERE CALLED ON MAY 4, 2006. Schedule K, Part II, Line 3 LINES 3A, 3B, 3C, 3D; SERIES 2002B, 2006A, 2008A, 2010, RESPECTIVELY TOTAL PROCEEDS OF ISSUE, INCLUDES INVESTMENT PROCEEDS OF $1,406, $4,381, $689,295, AND $97,384, RESPECTIVELY. Schedule K, Part I, Column (f) ISSUER NAME - DASNY, RIT SERIES 2002B LINE A (F): THE 2002B (FIXED RATE CONVERSION AND REOFFERING OF DASNY, RIT SERIES 2002B, ISSUED OCTOBER 31, 2002; PARTIAL DEFEASANCE THROUGH THE DASNY, RIT SERIES 2012, DATED 12/12/12) - PROJECT CONSISTS OF THE RENOVATION AND IMPROVEMENT OF VARIOUS ACADEMIC AND ADMINISTRATIVE BUILDINGS AND CONSTRUCTION OF AN ATHLETIC FIELD HOUSE. PURSUANT TO CODE SECTION 150(C)(3)(ii), THE ISSUE REPORTED IN THE INFORMATION RETURN FOR TAX-EXEMPT PRIVATE ACTIVITY BOND ISSUES (FORM 8038) AND THE ISSUANCE OF THE SAME DATE OF THE ISSUER'S ROCHESTER INSTITUTE OF TECHNOLOGY INSURED REVENUE BONDS, SERIES 2006A, AS REPORTED IN A SEPARATE FORM 8038 DATED MAY 4, 2006, ARE TREATED AS PARTS OF A SINGLE ISSUE FOR CERTAIN PURPOSES DESCRIBED IN CODE SECTION 150(C)(3)(ii). Schedule K, Part II, Line 3 LINE 3A, SERIES 2012A TOTAL PROCEEDS OF ISSUE, INCLUDE INVESTMENT PROCEEDS OF $111,166. Schedule K, Part I, Column (f) ISSUER NAME - DASNY, RIT SERIES 2012A LINE A (F): THE 2012 PROJECT CONSISTS OF THE CONSTRUCTION OF AN ICE ARENA, RENOVATIONS AND IMPROVEMENTS TO THE INSTITUTE OF HEALTH SCIENCE AND TECHNOLOGY, RENOVATIONS OF LABS, ACQUISITION OF UNIVERSITY COMMONS II, AND PARTIAL REFUNDING OF THE SERIES 2002B AND 2008A. Schedule K, Part II, Line 7 LINE 7A, SERIES 2012 ORIGINAL ISSUANCE COSTS FROM PROCEEDS OF $832,806 WERE ADJUSTED FOR $22,052 OF ADDITIONAL PROCEEDS. THESE PROCEEDS, ($22,052), TOGETHER WITH INVESTMENT PROCEEDS OF $111,166, ARE INCLUDED IN PART II, LINE 10A, CAPITAL EXPENDITURES FROM PROCEEDS. Schedule K, Part II, Line 7 LINE 7B, SERIES 2006A ORIGINAL ISSUANCE COSTS FROM PROCEEDS OF $469,013 WERE ADJUSTED FOR $11,428 OF UNUSED PROCEEDS. THESE PROCEEDS ($11,428), TOGETHER WITH INVESTMENT PROCEEDS OF $4,381, ARE INCLUDED IN PART II, LINE 9B, WORKING CAPITAL EXPENDITURES FROM PROCEEDS. Schedule K, Part I, Column (f) ISSUER NAME - DASNY, RIT SERIES 2008A LINE C (f): THE 2008A (PARTIAL DEFEASANCE THROUGH THE DASNY, RIT SERIES 2012, DATED 12/12/12) - PROJECT CONSISTS OF CONSTRUCTION OF A MIXED-USE HOUSING COMPLEX; THE RENEWAL, REPLACEMENT AND EXPANSION OF EXISTING HEATING AND COOLING INFRASTRUCTURE AND ENERGY MANAGEMENT SYSTEMS; AND THE RENOVATION OF ACADEMIC AND ADMINISTRATIVE BUILDINGS ON THE MAIN CAMPUS. Schedule K, Part II, Line 9 LINE 9A, SERIES 2002B; LINE 9B, SERIES 2006A WORKING CAPITAL EXPENDITURES FROM PROCEEDS REPRESENT UNUSED ORIGINAL ISSUANCE PROCEEDS OF $8,402 AND INVESTMENT PROCEEDS OF $1,406 FOR THE SERIES 2002B AND UNUSED ORIGINAL ISSUANCE PROCEEDS OF $11,428 AND INVESTMENT PROCEEDS OF $4,381 FOR THE SERIES 2006A. THE INVESTMENT PROCEEDS ARE INCLUDED IN PART II, LINE 3A (SERIES 2002B) AND B (SERIES 2006A), TOTAL PROCEEDS OF ISSUE, RESPECTIVELY. Schedule K, Part II, Line 7 LINE 7A, SERIES 2002B ORIGINAL ISSUANCE COSTS FROM PROCEEDS OF $149,523 WERE ADJUSTED FOR $8,402 OF UNUSED PROCEEDS. THESE PROCEEDS ($8,402), TOGETHER WITH INVESTMENT PROCEEDS OF $1,406, ARE INCLUDED IN PART II, LINE 9A, WORKING CAPITAL EXPENDITURES FROM PROCEEDS. Schedule K, Part II, Line 7 LINE 7D, SERIES 2010 ORIGINAL ISSUANCE COSTS FROM PROCEEDS OF $597,487 WERE ADJUSTED FOR $37,500 OF UNUSED PROCEEDS. THESE PROCEEDS ($37,500), TOGETHER WITH INVESTMENT PROCEEDS OF $97,384, ARE INCLUDED IN PART II, LINE 10D, CAPITAL EXPENDITURES FROM PROCEEDS. Schedule K, Part II, Line 11 LINE 11C, SERIES 2008A OTHER SPENT PROCEEDS, INCLUDES $75,000 FOR ISSUER/DASNY FEES AND $590,864 FOR STATE ISSUANCE FEES. Schedule K, Part IV, Line 2c COLUMN A Issuer name: DASNY, RIT SERIES 2002B The calculation for computing no rebate due was performed on 12/31/2015 Schedule K, Part IV, Line 2c COLUMN B Issuer name: DASNY, RIT SERIES 2006A The calculation for computing no rebate due was performed on 12/31/2015 Schedule K, Part IV, Line 2c COLUMN C Issuer name: DASNY, RIT SERIES 2008A The calculation for computing no rebate due was performed on 12/31/2012 Schedule K, Part IV, Line 2c COLUMN D Issuer name: DASNY, RIT SERIES 2010 The calculation for computing no rebate due was performed on 12/31/2014 A DASNY RIT SERIES 2012A 146000293 649907HM7 2012-12-12 168217368 SEE SUPPLEMENTAL INFORMATION false false false A 990000 0 168328534 0 2881587 109309562 854858 0 0 58089438 75000 0 2015 false true true true A false true true false true false 0.0327 0.0001 0.0328 false false true A false true false false false false false false true A true 57219 TUITION WAIVER GENERAL SUPPORT 2584 DISCOUNTED TUITION GENERAL SUPPORT THE PIKE COMPANY TRUSTEE, THOMAS JUDSON, CHAIRMAN OF PIKE CO, WITH HIS FAMILY OWN > 35% OF THE COMPANY. 2830657 PIKE PROVIDED CONSTRUCTION SERVICES TO RIT; RIT PROVIDED TRAINING TO PIKE EMPLOYEES. false DATTO INC TRUSTEE, AUSTIN MCCHORD, IS FOUNDER, CEO, AND OWNER OF >35% OF THE STOCK OF DATTO, INC. 153478 DATTO RENTED REAL ESTATE FROM RIT. false DEVON WATTERS FAMILY MEMBER OF OFFICER 46028 PAYMENT OF COMPENSATION false LANDSMAN DEVELOPMENT CORP TRUSTEE, MARIANNE GOFF, HUSBAND, JAMES GOFF, IS PRESIDENT, CEO, AND OWNS > 35% OF THE COMPANY. 569341 LANDSMAN DEVELOPMENT CORP PROVIDED CONSTRUCTION SERVICES TO RIT false BRANDON BIEBER FAMILY MEMBER OF TRUSTEE 11384 PAYMENT OF COMPENSATION false X 6 44233 Market value X 55 1537940 Market value X 4 41733 Market value X Equipment 33 1180724 Market value X Consumables 42 582888 Market value X Software 2 427000 Market value X Other 13 12967 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. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons ANN L BURR, SUSAN R HOLLIDAY, RICHARD A KAPLAN, SANDRA A PARKER, HARRY P TRUEHEART III, CHRISTINE B WHITMAN AND RONALD L ZARRELLA ARE RIT TRUSTEES. WILLIAM W DESTLER AND JAMES H WATTERS ARE OFFICERS. - Business relationship, COMPLEMAR PARTNERS INC: SUSAN R HOLLIDAY (DIRECTOR) AND CHRISTINE B WHITMAN (CHAIR AND CEO). - Business relationship, FRONTIER COMMUNICATIONS: ANN L BURR (CHAIRMAN, SR VICE PRESIDENT CUSTOMER EXPERIENCE), SANDRA A PARKER (DIRECTOR, FRONTIER COMMUNICATIONS), AND HARRY P TRUEHEART III (DIRECTOR OF FRONTIER TELEPHONE OF ROCHESTER, A SUBSIDIARY). - Business relationship, CURAEGIS TECHNOLOGIES INC (FKA TORVEC INC): WILLIAM W DESTLER (DIRECTOR) AND RICHARD A KAPLAN (CEO). - Business relationship, VNOMICS CORP: RICHARD A KAPLAN (DIRECTOR), JAMES H WATTERS (DIRECTOR), AND RONALD L ZARRELLA (CHAIR). - 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 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, 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. 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. 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 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, Line 15a Process to establish compensation of top management official 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 15b Process to establish compensation of other employees 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 FOR RESEARCH AND ASSOC PROVOST; 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; VP DEAN INSTITUTE HEALTH SCIENCES AND TECHNOLOGY; AND VP AND ASSOC PROVOST FOR DIVERSITY AND INCLUSION. 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 INDIVIDUAL'S COMPENSATION WAS REASONABLE IN LIGHT OF THE EVALUATION AND COMPARABILITY DATA. THE EXECUTIVE COMPENSATION SUBCOMMITTEE REPORTS 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, 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 MANUAL. ADDITIONALLY, THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part VIII, Line 2f Other Program Service Revenue All Other Program Services Revenue - Total Revenue: 7709568, Related or Exempt Function Revenue: 7476186, Unrelated Business Revenue: 14442, Revenue Excluded from Tax Under Sections 512, 513, or 514: 218940; Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Other - Total Revenue: 3638674, Related or Exempt Function Revenue: 1531820, Unrelated Business Revenue: 1142797, Revenue Excluded from Tax Under Sections 512, 513, or 514: 964057; 5257 W HENRIETTA ROAD LLC 5257 W HENRIETTA RD HENRIETTA NY 14586 161609483 OWN REAL PROPERTY NY 5504554 23587541 ROCHESTER INSTITUTE OF TECHNOLOGY MAGIC SPELL STUDIOS LLC ONE LOMB MEMORIAL DRIVE ROCHESTER NY 14623 464163650 DIGITAL RESEARCH CENTER NY 41630 28814 ROCHESTER INSTITUTE OF TECHNOLOGY RIT VENTURE FUND I LLC 5 LOMB MEMORIAL DRIVE ROCHESTER NY 14623 455183880 INVESTMENTS DE 0 5794 ROCHESTER INSTITUTE OF TECHNOLOGY RIT GLOBAL DELIVERY CORPORATION 5 LOMB MEMORIAL DRIVE EASTMAN-4000 ROCHESTER NY 14623 201151703 EDUCATIONAL PURPOSES NY 501(c)(3 ROCHESTER INSTITUTE OF TECHNOLOGY false RIT CROATIA DON FRANA BULIKA 6 DUBROVNIK HR EDUCATIONAL PURPOSES HR 501(c)(3 RIT GLOBAL DELIVERY CORPORATION false RIT CAMPUS CLUB INC 39 LOMB MEMORIAL DRIVE ROCHESTER NY 14623 161201526 SUPPORT RIT NY 501(c)(3 ROCHESTER INSTITUTE OF TECHNOLOGY false true true false false false false false false false false false true false false false false false true false RIT CAMPUS CLUB INC A 610496 RIT CAMPUS CLUB INC L 3115884 RIT CAMPUS CLUB INC R 279809 RIT GLOBAL DELIVERY CORPORATION R 790485