Form 990 for tax year 2022
Filed by ROSE-HULMAN INSTITUTE OF TECHNOLOGY.
Totals
- Total revenue
- $164,429,291
- Total expenses
- $163,709,240
- Contributions and grants received
- $19,722,547
- Grants paid
- $59,265,189
- Program service revenue
- $136,779,008
- Investment income
- $7,295,242
- Other revenue
- $632,494
- Total assets, end of year
- $495,559,768
- Total liabilities, end of year
- $105,627,680
- Net assets or fund balances, end of year
- $389,932,088
- Program services expenses (Part IX)
- $143,467,319
- Management and general expenses
- $16,223,057
- Fundraising expenses
- $4,018,864
- Program service expenses (Part III)
- $143,467,319
Program services were 87.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1d · Related organizations
$27,787
-
1e · Government grants (contributions)
$962,810
-
1f · All other contributions, gifts and grants
$18,731,950
-
1g · Noncash contributions included above
$2,926,545
-
2a · Program service revenue: TUITION AND FEES
total $110,007,837 · related or exempt $110,007,837
-
2b · Program service revenue: AUXILIARY ENTERPRISES
total $22,923,986 · related or exempt $22,923,986
-
2c · Program service revenue: OTHER SOURCES
total $3,847,185 · related or exempt $3,847,185
-
3 · Investment income
total $7,327,456 · unrelated business $129,351 · excluded $7,198,105
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $245,374
-
6c · Rental income or loss
real property $245,374 · personal property $0
-
6d · Net rental income or loss
total $245,374 · unrelated business $189,733 · excluded $55,641
-
7a · Gross sales of assets other than inventory
securities $44,907,080 · other assets $0
-
7b · Less cost or other basis and sales expenses
securities $44,800,478 · other assets $138,616
-
7c · Gain or loss
securities $106,602 · other assets -$138,616
-
7d · Net gain or loss
total -$32,214 · excluded -$32,214
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$2,615,240
-
10b · Cost of goods sold
$2,236,376
-
10c · Net income from sales of inventory
total $378,864 · related or exempt $378,864
-
11a · Other revenue: EXCLUSIVITY CONTRACT
total $8,000 · unrelated business $8,000
-
11b · Other revenue: CONCESSION PARKING
total $256 · unrelated business $256
-
11e · Other revenue, total
$8,256
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $63,180 · program services $63,180
-
2 · Grants to domestic individuals
total $59,202,009 · program services $59,202,009
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $3,255,112 · program services $414,940 · management and general $2,147,187 · fundraising $692,985
-
6 · Compensation of disqualified persons
total $45,120 · management and general $45,120
-
7 · Other salaries and wages
total $43,723,235 · program services $37,460,602 · management and general $4,735,186 · fundraising $1,527,447
-
8 · Pension plan contributions
total $3,673,400 · program services $2,918,637 · management and general $560,712 · fundraising $194,051
-
9 · Other employee benefits
total $8,023,467 · program services $5,992,767 · management and general $1,528,058 · fundraising $502,642
-
10 · Payroll taxes
total $3,205,309 · program services $2,599,419 · management and general $467,733 · fundraising $138,157
-
11a · Fees: management
total $1,631,451 · program services $867,562 · management and general $624,051 · fundraising $139,838
-
11b · Fees: legal
total $175,705 · program services $17,895 · management and general $157,810
-
11c · Fees: accounting
total $119,145 · management and general $119,145
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $840,862 · management and general $840,862
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $843,809 · program services $508,064 · management and general $127,733 · fundraising $208,012
-
13 · Office expenses
total $5,169,606 · program services $3,675,473 · management and general $1,363,969 · fundraising $130,164
-
14 · Information technology
total $149,707 · program services $69,729 · management and general $79,920 · fundraising $58
-
15 · Royalties
total $0
-
16 · Occupancy
total $3,948,319 · program services $3,557,147 · management and general $373,492 · fundraising $17,680
-
17 · Travel
total $2,460,145 · program services $1,812,951 · management and general $478,825 · fundraising $168,369
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $160,247 · program services $110,420 · management and general $47,360 · fundraising $2,467
-
20 · Interest
total $2,490,853 · program services $2,373,883 · management and general $116,970
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $12,304,563 · program services $11,640,411 · management and general $664,152
-
23 · Insurance
total $1,088,862 · program services $569,502 · management and general $519,360
-
24a · Other expenses: FOOD SERVICE FEES
total $7,781,195 · program services $7,764,743 · management and general $13,416 · fundraising $3,036
-
24b · Other expenses: NON-CAPITAL EQUIPMENT
total $908,506 · program services $477,064 · management and general $418,181 · fundraising $13,261
-
24c · Other expenses: MEMBERSHIP/PROFESSIONAL
total $363,712 · program services $177,200 · management and general $138,782 · fundraising $47,730
-
24d · Other expenses: OTHER
total $2,081,721 · program services $1,193,721 · management and general $655,033 · fundraising $232,967
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $13,519 · end of year $21,987
-
2 · Savings and temporary cash investments
beginning of year $40,574,980 · end of year $27,321,968
-
3 · Pledges and grants receivable
beginning of year $16,390,364 · end of year $21,467,614
-
4 · Accounts receivable
beginning of year $3,776,724 · end of year $3,278,996
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $2,115,355 · end of year $1,517,956
-
8 · Inventories for sale or use
beginning of year $1,329,856 · end of year $1,355,340
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$410,268,311
-
10b · Land, buildings and equipment: accumulated depreciation
$235,521,494
-
10c · Land, buildings and equipment, net
beginning of year $168,046,705 · end of year $174,746,817
-
11 · Investments: publicly traded securities
beginning of year $175,281,060 · end of year $187,089,938
-
12 · Investments: other securities
beginning of year $61,657,908 · end of year $68,155,129
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $9,727,412 · end of year $10,604,023
-
17 · Accounts payable and accrued expenses
beginning of year $12,610,271 · end of year $13,337,191
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $2,864,326 · end of year $2,600,678
-
20 · Tax-exempt bond liabilities
beginning of year $77,354,457 · end of year $74,715,269
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $17,332,314 · end of year $14,974,542
-
27 · Net assets without donor restrictions
beginning of year $165,391,851 · end of year $165,904,788
-
28 · Net assets with donor restrictions
beginning of year $203,360,664 · end of year $224,027,300
Mission and programs · 2022
Mission
TO PROVIDE OUR STUDENTS WITH THE WORLD'S BEST UNDERGRADUATE EDUCATION IN ENGINEERING, MATHEMATICS, AND SCIENCE IN AN ENVIRONMENT OF INDIVIDUAL ATTENTION AND SUPPORT.
Activities or mission (Part I)
TO PROVIDE THE WORLD'S BEST UNDERGRADUATE EDUCATION IN ENGINEERING, MATHEMATICS, AND SCIENCE.
-
STUDENT INSTRUCTION - TEACHING FACULTY/RELATED ADMINISTRATION SALARIES: COSTS ASSOCIATED THERE WITH (I.E. LIBRARY, COMPUTER SERVICE, STUDENT AID). FALL 2022 ENROLLMENT 2188. STUDENT SERVICES - ADMISSIONS, PLACEMENT, STUDENT COUNSELING SERVICES, HEALTH SERVICES, AND ATHLETIC PROGRAMS. AUXILLARY ENTERPRISES - STUDENT RESIDENCE HALLS, FOOD SERVICES, STUDENT UNION BUILDING AND BOOKSTORE AND OPERATION MAINTENANCE OF PLANT.
Expenses $143,467,319 · Grants $59,265,189 · Revenue $137,157,872
As filed on the 2022 return.
Listed in Part VII
-
Robert CoonsROBERT COONS
PRESIDENT
- Total calculated
- $685,560
- From this org
- $621,005
- From related orgs
- $0
- Other
- $64,555
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $621,005
- Bonus
- $0
- Other
- $0
- Deferred
- $28,627
- Nontaxable benefits
- $35,928
- Filer's total
- $685,560
-
Steve BradySTEVE BRADY
VP FOR INST ADVANCEMENT
- Total calculated
- $350,205
- From this org
- $285,297
- From related orgs
- $0
- Other
- $64,908
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $285,297
- Bonus
- $0
- Other
- $0
- Deferred
- $23,850
- Nontaxable benefits
- $41,058
- Filer's total
- $350,205
-
Matthew DavisMATTHEW DAVIS
ASSOC VP FINANCE & CONTROLLER
- Total calculated
- $328,376
- From this org
- $266,465
- From related orgs
- $0
- Other
- $61,911
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $266,465
- Bonus
- $0
- Other
- $0
- Deferred
- $23,070
- Nontaxable benefits
- $38,841
- Filer's total
- $328,376
-
Wayne DennisonWAYNE DENNISON
VP FOR INFORMATION TECHNOLOGY
- Total calculated
- $312,223
- From this org
- $258,328
- From related orgs
- $0
- Other
- $53,895
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $258,328
- Bonus
- $0
- Other
- $0
- Deferred
- $21,930
- Nontaxable benefits
- $31,965
- Filer's total
- $312,223
-
Rick StamperRICK STAMPER
PROVOST & VP, ACADEMIC AFFAIRS
- Total calculated
- $308,951
- From this org
- $249,752
- From related orgs
- $0
- Other
- $59,199
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $249,752
- Bonus
- $0
- Other
- $0
- Deferred
- $20,600
- Nontaxable benefits
- $38,599
- Filer's total
- $308,951
-
Thomas BearTHOMAS BEAR
VP FOR ENROLLMENT
- Total calculated
- $294,400
- From this org
- $255,513
- From related orgs
- $0
- Other
- $38,887
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $255,513
- Bonus
- $0
- Other
- $0
- Deferred
- $850
- Nontaxable benefits
- $38,037
- Filer's total
- $294,400
-
Russell WarleyRUSSELL WARLEY
DEAN OF FACULTY, PROF CHEM ENG
- Total calculated
- $260,465
- From this org
- $211,185
- From related orgs
- $0
- Other
- $49,280
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $211,185
- Bonus
- $0
- Other
- $0
- Deferred
- $17,999
- Nontaxable benefits
- $31,281
- Filer's total
- $260,465
-
Megan ElliottMEGAN ELLIOTT
VP, HUMAN & ENVIRONMENTAL SVCS
- Total calculated
- $258,132
- From this org
- $217,499
- From related orgs
- $0
- Other
- $40,633
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $217,499
- Bonus
- $0
- Other
- $0
- Deferred
- $18,610
- Nontaxable benefits
- $22,023
- Filer's total
- $258,132
-
Erik HayesERIK HAYES
VP FOR STUDENT AFFAIRS & DEAN
- Total calculated
- $248,302
- From this org
- $191,627
- From related orgs
- $0
- Other
- $56,675
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $191,627
- Bonus
- $0
- Other
- $0
- Deferred
- $17,010
- Nontaxable benefits
- $39,665
- Filer's total
- $248,302
-
Craig DowningCRAIG DOWNING
HEAD OF DEPT OF ENG MGMT
- Total calculated
- $235,602
- From this org
- $184,063
- From related orgs
- $0
- Other
- $51,539
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $184,063
- Bonus
- $0
- Other
- $0
- Deferred
- $14,034
- Nontaxable benefits
- $37,505
- Filer's total
- $235,602
-
Jp MellorJP MELLOR
HEAD OF DEPT, COMP SCI. & ENG.
- Total calculated
- $216,862
- From this org
- $172,069
- From related orgs
- $0
- Other
- $44,793
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $172,069
- Bonus
- $0
- Other
- $0
- Deferred
- $14,203
- Nontaxable benefits
- $30,590
- Filer's total
- $216,862
-
Santhana NaiduSANTHANA NAIDU
VP FOR COMMUNICATIONS & MARKE.
- Total calculated
- $208,500
- From this org
- $173,871
- From related orgs
- $0
- Other
- $34,629
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $173,871
- Bonus
- $0
- Other
- $0
- Deferred
- $15,050
- Nontaxable benefits
- $19,579
- Filer's total
- $208,500
-
Patsy BrackinPATSY BRACKIN
PROG DIR FOR ENG DESIGN & PROF
- Total calculated
- $206,284
- From this org
- $171,747
- From related orgs
- $0
- Other
- $34,537
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $171,747
- Bonus
- $0
- Other
- $0
- Deferred
- $13,119
- Nontaxable benefits
- $21,418
- Filer's total
- $206,284
-
Jameel AhmedJAMEEL AHMED
HEAD OF BIO & BIOMED END, PROF
- Total calculated
- $195,308
- From this org
- $169,069
- From related orgs
- $0
- Other
- $26,239
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $169,069
- Bonus
- $0
- Other
- $0
- Deferred
- $13,462
- Nontaxable benefits
- $12,777
- Filer's total
- $195,308
-
Matthew BoutellMATTHEW BOUTELL
ASSOC DEPT HEAD & PROF COM SCI
- Total calculated
- $190,652
- From this org
- $167,269
- From related orgs
- $0
- Other
- $23,383
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $167,269
- Bonus
- $0
- Other
- $0
- Deferred
- $10,767
- Nontaxable benefits
- $12,616
- Filer's total
- $190,652
-
Niles NoblittNILES NOBLITT
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Carl CookCARL COOK
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Thomas DinkelTHOMAS DINKEL
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Gregory GibsonGREGORY GIBSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Robert BrightROBERT BRIGHT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tonya CombsTONYA COMBS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Janet CooperJANET COOPER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
William FenoglioWILLIAM FENOGLIO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Anton Hulman GeorgeANTON HULMAN GEORGE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jeff HarrisonJEFF HARRISON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Donald IngsDONALD INGS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
J Chris InmanJ CHRIS INMAN
ALUMNI REPRESENTATIVE
- Total calculated
- $0
- Hours/week
- 1
-
Warren MickensWARREN MICKENS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Darin MoodyDARIN MOODY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michael MussallemMICHAEL MUSSALLEM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kelly NoelKELLY NOEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Paul PalmerPAUL PALMER
ALUMNI REPRESENTATIVE
- Total calculated
- $0
- Hours/week
- 1
-
Wayne PatrickWAYNE PATRICK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jack RagleJACK RAGLE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Charles SigmanCHARLES SIGMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert StoneROBERT STONE
ALUMNI REP
- Total calculated
- $0
- Hours/week
- 1
-
Koushik SubramanianKOUSHIK SUBRAMANIAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
James UmplebyJAMES UMPLEBY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Linda WhiteLINDA WHITE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Travel for companions
- 1a · Tax indemnification and gross-up payments
- 1a · Housing allowance or residence for personal use
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- 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. NILES NOBLITT RECEIVED HOUSING AT THE PRESIDENT'S HOME DURING BOARD MEETINGS WHICH IS REPORTED AS A NONTAXABLE BENEFIT.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
CHICKS ENGINEERING LLC
$60,000
GENERAL
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
INDEPENDENT COLLEGES OF INDIANA
501(C)(3) · EDU SUPPORT · IN
-
ASSOC OF INDEPENDENT TECHNOLOGICAL UNIV
501(C)(3) · EDU SUPPORT · NY
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CHARITABLE REMAINDER TRUSTS (5)
TRUST · TRUST · IN
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421349349305787
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