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← ROSE-HULMAN INSTITUTE OF TECHNOLOGY

Form 990 for tax year 2023

Filed by ROSE-HULMAN INSTITUTE OF TECHNOLOGY.

Totals

Total revenue
$168,819,336
Total expenses
$172,801,575
Contributions and grants received
$12,626,721
Grants paid
$64,544,974
Program service revenue
$146,758,505
Investment income
$8,564,304
Other revenue
$869,806
Total assets, end of year
$539,482,485
Total liabilities, end of year
$129,344,158
Net assets or fund balances, end of year
$410,138,327
Program services expenses (Part IX)
$153,203,205
Management and general expenses
$15,840,703
Fundraising expenses
$3,757,667
Program service expenses (Part III)
$153,203,205

Program services were 88.7% 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

    $17,086

  • 1e · Government grants (contributions)

    $639,135

  • 1f · All other contributions, gifts and grants

    $11,970,500

  • 1g · Noncash contributions included above

    $1,804,749

  • 2a · Program service revenue: Tuition and Fees

    total $119,161,594 · related or exempt $119,161,594

  • 2b · Program service revenue: Auxiliary Enterprises

    total $23,465,050 · related or exempt $23,465,050

  • 2c · Program service revenue: Other Sources

    total $4,131,861 · related or exempt $4,131,861

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $5,170,145 · unrelated business $68,579 · excluded $5,101,566

  • 6a · Gross rents

    real property $407,800

  • 6c · Rental income or loss

    real property $407,800 · personal property $0

  • 6d · Net rental income or loss

    total $407,800 · unrelated business $116,696 · excluded $291,104

  • 7a · Gross sales of assets other than inventory

    securities $51,349,348 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $47,913,720 · other assets $41,469

  • 7c · Gain or loss

    securities $3,435,628 · other assets -$41,469

  • 7d · Net gain or loss

    total $3,394,159 · excluded $3,394,159

  • 10a · Gross sales of inventory

    $2,585,081

  • 10b · Cost of goods sold

    $2,131,476

  • 10c · Net income from sales of inventory

    total $453,605 · related or exempt $453,605

  • 11a · Other revenue: Exclusivity Contract

    total $8,000 · unrelated business $8,000

  • 11b · Other revenue: Concession Parking

    total $401 · unrelated business $401

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $8,401

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $30,395 · program services $30,395

  • 2 · Grants to domestic individuals

    total $64,514,579 · program services $64,514,579

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $4,355,614 · program services $1,287,384 · management and general $2,370,365 · fundraising $697,865

  • 6 · Compensation of disqualified persons

    total $43,473 · program services $0 · management and general $43,473 · fundraising $0

  • 7 · Other salaries and wages

    total $44,666,362 · program services $38,140,695 · management and general $5,078,280 · fundraising $1,447,387

  • 8 · Pension plan contributions

    total $4,035,577 · program services $3,196,078 · management and general $628,671 · fundraising $210,828

  • 9 · Other employee benefits

    total $6,769,222 · program services $5,458,569 · management and general $952,856 · fundraising $357,797

  • 10 · Payroll taxes

    total $3,392,366 · program services $2,741,151 · management and general $513,324 · fundraising $137,891

  • 11a · Fees: management

    total $1,899,239 · program services $1,193,991 · management and general $526,913 · fundraising $178,335

  • 11b · Fees: legal

    total $279,065 · program services $22,262 · management and general $256,803

  • 11c · Fees: accounting

    total $184,268 · program services $2,079 · management and general $182,189

  • 11f · Fees: investment management

    total $905,613 · management and general $905,613

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $926,105 · program services $588,775 · management and general $170,009 · fundraising $167,321

  • 13 · Office expenses

    total $5,656,554 · program services $4,369,838 · management and general $1,198,104 · fundraising $88,612

  • 14 · Information technology

    total $193,066 · program services $96,675 · management and general $96,277 · fundraising $114

  • 16 · Occupancy

    total $3,622,545 · program services $3,353,813 · management and general $247,953 · fundraising $20,779

  • 17 · Travel

    total $2,450,041 · program services $1,858,958 · management and general $411,547 · fundraising $179,536

  • 19 · Conferences, conventions and meetings

    total $206,393 · program services $146,099 · management and general $57,229 · fundraising $3,065

  • 20 · Interest

    total $3,634,228 · program services $3,498,334 · management and general $135,894

  • 22 · Depreciation, depletion and amortization

    total $12,881,736 · program services $12,186,430 · management and general $695,306

  • 23 · Insurance

    total $1,226,806 · program services $492,970 · management and general $731,916 · fundraising $1,920

  • 24a · Other expenses: Food Service Fees

    total $7,749,393 · program services $7,734,119 · management and general $15,117 · fundraising $157

  • 24b · Other expenses: Non-Capital Equipment

    total $846,344 · program services $695,202 · management and general $139,119 · fundraising $12,023

  • 24c · Other expenses: Membership/Professional

    total $481,539 · program services $312,003 · management and general $110,270 · fundraising $59,266

  • 24d · Other expenses: Other

    total $1,851,052 · program services $1,282,806 · management and general $373,475 · fundraising $194,771

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $21,987 · end of year $13,965

  • 2 · Savings and temporary cash investments

    beginning of year $27,321,968 · end of year $41,051,222

  • 3 · Pledges and grants receivable

    beginning of year $21,467,614 · end of year $20,744,429

  • 4 · Accounts receivable

    beginning of year $3,278,996 · end of year $3,285,458

  • 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 $1,517,956 · end of year $1,025,496

  • 8 · Inventories for sale or use

    beginning of year $1,355,340 · end of year $1,362,142

  • 10a · Land, buildings and equipment: cost or other basis

    $427,306,857

  • 10b · Land, buildings and equipment: accumulated depreciation

    $246,488,183

  • 10c · Land, buildings and equipment, net

    beginning of year $174,746,817 · end of year $180,818,674

  • 11 · Investments: publicly traded securities

    beginning of year $187,089,938 · end of year $197,504,257

  • 12 · Investments: other securities

    beginning of year $68,155,129 · end of year $82,022,052

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $10,604,023 · end of year $11,654,790

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,337,191 · end of year $15,257,789

  • 19 · Deferred revenue

    beginning of year $2,600,678 · end of year $2,545,867

  • 20 · Tax-exempt bond liabilities

    beginning of year $74,715,269 · end of year $98,620,761

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $14,974,542 · end of year $12,919,741

  • 27 · Net assets without donor restrictions

    beginning of year $165,904,788 · end of year $171,354,518

  • 28 · Net assets with donor restrictions

    beginning of year $224,027,300 · end of year $238,783,809

Mission and programs · 2023

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.

  • Founded in 1874, Rose-Hulman Institute of Technology is a nationally recognized leader in undergraduate STEM education, offering top-tier programs in science, engineering, and mathematics. With a student-focused environment and a commitment to academic excellence, Rose-Hulman is consistently ranked among the nation's best for faculty quality, career services, return on investment, and value-added education. Year after year, nearly 100% of graduates secure career opportunities or pursue advanced degrees. Located in Terre Haute, Indiana, the Institute is home to more than 2,300 students driven by innovation and hands-on learning.

    Expenses $153,203,205 · Grants $64,544,974 · Revenue $147,212,110

As filed on the 2023 return.

Listed in Part VII

  • Carl Cook

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1

  • Gregory Gibson

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Niles Noblitt

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Robert Coons

    President

    Total calculated
    $686,585
    From this org
    $589,049
    From related orgs
    $0
    Other
    $97,536
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $589,049
    Bonus
    $0
    Other
    $0
    Deferred
    $54,400
    Nontaxable benefits
    $43,136
    Filer's total
    $686,585

  • Thomas Dinkel

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Anton Hulman George

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Carla McFarland

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Charles Sigman

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Cindy Kalkomey

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dan Price

    Alumni Representative

    Total calculated
    $0
    Hours/week
    1

  • Darin Moody

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • David Hannum

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Donald Ings

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jack Ragle

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • James Chris Inman

    Alumni Representative

    Total calculated
    $0
    Hours/week
    1

  • James Umpleby

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Janet Cooper

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jeff Harrison

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kelly Noel

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Koushik Subramanian

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Linda White

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Marie Stettler Kleine

    Alumni Representative

    Total calculated
    $0
    Hours/week
    1

  • Michael Mussallem

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Robert Bright

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Tonya Combs

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Wayne Patrick

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Tyler D Kearney

    VP and Chief Business Officer

    Total calculated
    $204,974
    From this org
    $181,905
    From related orgs
    $0
    Other
    $23,069
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,905
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $23,069
    Filer's total
    $204,974

  • Erik Hayes

    VP for Student Affairs & Dean

    Total calculated
    $265,565
    From this org
    $205,771
    From related orgs
    $0
    Other
    $59,794
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,771
    Bonus
    $0
    Other
    $0
    Deferred
    $21,701
    Nontaxable benefits
    $38,093
    Filer's total
    $265,565

  • Megan Elliott

    VP, Human & Environmental Affairs

    Total calculated
    $272,817
    From this org
    $226,102
    From related orgs
    $0
    Other
    $46,715
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,102
    Bonus
    $0
    Other
    $0
    Deferred
    $22,474
    Nontaxable benefits
    $24,241
    Filer's total
    $272,817

  • Rick Stamper

    Provost & VP, Academic Affairs

    Total calculated
    $318,674
    From this org
    $252,105
    From related orgs
    $0
    Other
    $66,569
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $252,105
    Bonus
    $0
    Other
    $0
    Deferred
    $24,958
    Nontaxable benefits
    $41,611
    Filer's total
    $318,674

  • Russell Warley

    Dean of Faculty, Prof Chem Eng

    Total calculated
    $265,142
    From this org
    $210,861
    From related orgs
    $0
    Other
    $54,281
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,861
    Bonus
    $0
    Other
    $0
    Deferred
    $21,562
    Nontaxable benefits
    $32,719
    Filer's total
    $265,142

  • Santhana Naidu

    VP for Communications & Marke

    Total calculated
    $220,211
    From this org
    $165,405
    From related orgs
    $0
    Other
    $54,806
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,405
    Bonus
    $0
    Other
    $0
    Deferred
    $17,767
    Nontaxable benefits
    $37,039
    Filer's total
    $220,211

  • Steve Brady

    VP for Inst Advancement

    Total calculated
    $354,572
    From this org
    $285,864
    From related orgs
    $0
    Other
    $68,708
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $285,864
    Bonus
    $0
    Other
    $0
    Deferred
    $28,725
    Nontaxable benefits
    $39,983
    Filer's total
    $354,572

  • Thomas Bear

    VP for Enrollment

    Total calculated
    $312,287
    From this org
    $250,142
    From related orgs
    $0
    Other
    $62,145
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,142
    Bonus
    $0
    Other
    $0
    Deferred
    $26,017
    Nontaxable benefits
    $36,128
    Filer's total
    $312,287

  • Wayne Dennison

    VP for Information Technology

    Total calculated
    $315,786
    From this org
    $256,779
    From related orgs
    $0
    Other
    $59,007
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $256,779
    Bonus
    $0
    Other
    $0
    Deferred
    $26,161
    Nontaxable benefits
    $32,846
    Filer's total
    $315,786

  • Caroline Carvill

    Interim Head of Humanities, Social Sciences and the Arts, Prof

    Total calculated
    $220,746
    From this org
    $183,667
    From related orgs
    $0
    Other
    $37,079
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,667
    Bonus
    $0
    Other
    $0
    Deferred
    $16,382
    Nontaxable benefits
    $20,697
    Filer's total
    $220,746

  • Craig Downing

    Head of Dept of Eng Mgmt

    Total calculated
    $229,138
    From this org
    $179,048
    From related orgs
    $0
    Other
    $50,090
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,048
    Bonus
    $0
    Other
    $0
    Deferred
    $13,287
    Nontaxable benefits
    $36,803
    Filer's total
    $229,138

  • Margueritte P Brackin

    Prog Dir for Eng Design & Prof

    Total calculated
    $205,806
    From this org
    $169,684
    From related orgs
    $0
    Other
    $36,122
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,684
    Bonus
    $0
    Other
    $0
    Deferred
    $15,526
    Nontaxable benefits
    $20,596
    Filer's total
    $205,806

  • Matthew Davis

    Assoc VP Finance & Controller

    Total calculated
    $276,096
    From this org
    $214,466
    From related orgs
    $0
    Other
    $61,630
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,466
    Bonus
    $0
    Other
    $0
    Deferred
    $22,892
    Nontaxable benefits
    $38,738
    Filer's total
    $276,096

  • Michael Mueller

    Professor of Chemistry and Biochemistry

    Total calculated
    $207,214
    From this org
    $169,434
    From related orgs
    $0
    Other
    $37,780
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,434
    Bonus
    $0
    Other
    $0
    Deferred
    $12,400
    Nontaxable benefits
    $25,380
    Filer's total
    $207,214

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)

Schedule J, Part I, Line 1a Travel for companions
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 ROSE-HULMAN JOB RESPONSIBILITIES ARE 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

No itemized grants to organizations on this return.

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.

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 (4)

    Trust · Trust · IN

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202511349349302146

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