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← ROCHESTER INSTITUTE OF TECHNOLOGY

Form 990 for tax year 2022

Filed by ROCHESTER INSTITUTE OF TECHNOLOGY.

Totals

Total revenue
$1,042,122,687
Total expenses
$997,198,958
Contributions and grants received
$189,886,041
Grants paid
$368,558,209
Program service revenue
$791,292,123
Investment income
$53,634,957
Other revenue
$7,309,566
Total assets, end of year
$2,692,370,868
Total liabilities, end of year
$715,497,778
Net assets or fund balances, end of year
$1,976,873,090
Program services expenses (Part IX)
$927,723,907
Management and general expenses
$56,703,432
Fundraising expenses
$12,771,619
Program service expenses (Part III)
$927,723,907

Program services were 93.0% 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.

  • 1c · Fundraising events

    $46,985

  • 1e · Government grants (contributions)

    $165,856,848

  • 1f · All other contributions, gifts and grants

    $23,982,208

  • 1g · Noncash contributions included above

    $4,271,784

  • 2a · Program service revenue: Tuition

    total $686,046,921 · related or exempt $686,046,921 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Auxiliary Services

    total $88,786,518 · related or exempt $0 · unrelated business $0 · excluded $88,786,518

  • 2c · Program service revenue: Research

    total $1,397,839 · related or exempt $0 · unrelated business $0 · excluded $1,397,839

  • 2d · Program service revenue: Non-credit Instruction

    total $798,751 · related or exempt $798,751 · unrelated business $0 · excluded $0

  • 2e · Program service revenue: Fees

    total $4,110,580 · related or exempt $1,840,199 · unrelated business $0 · excluded $2,270,381

  • 2f · All other program service revenue

    total $10,151,514 · related or exempt $9,710,902 · unrelated business $0 · excluded $440,612

  • 3 · Investment income

    total $28,582,592 · related or exempt $0 · unrelated business $1,944,850 · excluded $26,637,742

  • 4 · Income from investment of tax-exempt bond proceeds

    total $2,679,705 · related or exempt $0 · unrelated business $0 · excluded $2,679,705

  • 5 · Royalties

    total $21,724 · related or exempt $0 · unrelated business $0 · excluded $21,724

  • 6a · Gross rents

    real property $469,885

  • 6b · Less rental expenses

    real property $1,017,018

  • 6c · Rental income or loss

    real property -$547,133 · personal property $0

  • 6d · Net rental income or loss

    total -$547,133 · excluded -$547,133

  • 7a · Gross sales of assets other than inventory

    securities $601,207,707 · other assets $18,981

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

    securities $578,074,654 · other assets $779,374

  • 7c · Gain or loss

    securities $23,133,053 · other assets -$760,393

  • 7d · Net gain or loss

    total $22,372,660 · related or exempt $18,981 · unrelated business $34,872 · excluded $22,318,807

  • 8a · Fundraising events: gross income

    $22,992

  • 8b · Fundraising events: direct expenses

    $41,698

  • 8c · Net income from fundraising events

    total -$18,706 · excluded -$18,706

  • 11a · Other revenue: RIT Inn and Conference Center

    total $2,979,839 · related or exempt $0 · unrelated business $2,979,839 · excluded $0

  • 11b · Other revenue: Margaret's House

    total $811,589 · related or exempt $0 · unrelated business $0 · excluded $811,589

  • 11c · Other revenue: Parking

    total $1,619,070 · related or exempt $1,619,070 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $2,443,183 · related or exempt $1,657,426 · unrelated business $681,494 · excluded $104,263

  • 11e · Other revenue, total

    $7,853,681

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $747,405 · program services $747,405

  • 2 · Grants to domestic individuals

    total $367,683,941 · program services $367,683,941

  • 3 · Grants to foreign organizations and individuals

    total $126,863 · program services $126,863

  • 5 · Compensation of officers, directors and key employees

    total $6,036,674 · program services $1,075,331 · management and general $3,513,849 · fundraising $1,447,494

  • 7 · Other salaries and wages

    total $324,917,184 · program services $294,055,788 · management and general $24,666,843 · fundraising $6,194,553

  • 8 · Pension plan contributions

    total $22,933,031 · program services $20,332,576 · management and general $2,072,887 · fundraising $527,568

  • 9 · Other employee benefits

    total $57,491,690 · program services $51,634,101 · management and general $4,326,857 · fundraising $1,530,732

  • 10 · Payroll taxes

    total $21,930,123 · program services $19,443,390 · management and general $1,982,236 · fundraising $504,497

  • 11a · Fees: management

    total $281,718 · program services $112,816 · management and general $168,902

  • 11b · Fees: legal

    total $1,459,330 · program services $359,289 · management and general $1,095,348 · fundraising $4,693

  • 11c · Fees: accounting

    total $381,950 · management and general $381,950

  • 11d · Fees: lobbying

    total $392,462 · program services $13,247 · management and general $372,538 · fundraising $6,677

  • 11e · Fees: professional fundraising services

    total $193,817 · fundraising $193,817

  • 11f · Fees: investment management

    total $165,541 · management and general $165,541

  • 11g · Fees: other

    total $44,858,590 · program services $39,516,426 · management and general $5,156,691 · fundraising $185,473

  • 12 · Advertising and promotion

    total $3,355,001 · program services $2,560,598 · management and general $645,052 · fundraising $149,351

  • 13 · Office expenses

    total $53,105,132 · program services $47,621,586 · management and general $5,183,522 · fundraising $300,024

  • 14 · Information technology

    total $9,297,730 · program services $7,992,199 · management and general $947,865 · fundraising $357,666

  • 15 · Royalties

    total $30,581 · program services $30,581

  • 16 · Occupancy

    total $11,149,360 · program services $10,450,040 · management and general $684,630 · fundraising $14,690

  • 17 · Travel

    total $20,123,199 · program services $17,862,780 · management and general $923,482 · fundraising $1,336,937

  • 20 · Interest

    total $10,544,383 · program services $9,851,978 · management and general $692,405

  • 22 · Depreciation, depletion and amortization

    total $38,907,649 · program services $35,995,957 · management and general $2,905,568 · fundraising $6,124

  • 23 · Insurance

    total $3,438,480 · program services $3,234,348 · management and general $204,132

  • 24a · Other expenses: POSTRETIREMENT BENEFITS ASC 715

    total -$5,736,123 · program services -$5,085,685 · management and general -$635,476 · fundraising -$14,962

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $2,591,632 · program services $7,523 · management and general $2,584,109 · fundraising $0

  • 24c · Other expenses: EXPENSE RECOVERIES FROM AFFILIATES

    total -$1,700,251 · program services -$946,216 · management and general -$754,035 · fundraising $0

  • 24d · Other expenses: BUS TRANSPORTATION

    total $633,176 · program services $607,128 · management and general $14,107 · fundraising $11,941

  • 24e · All other expenses

    total $1,858,690 · program services $2,439,917 · management and general -$595,571 · fundraising $14,344

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $346,921 · end of year $584,082

  • 2 · Savings and temporary cash investments

    beginning of year $145,732,845 · end of year $75,156,473

  • 3 · Pledges and grants receivable

    beginning of year $50,741,736 · end of year $49,892,733

  • 4 · Accounts receivable

    beginning of year $26,413,850 · end of year $23,675,582

  • 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

  • 8 · Inventories for sale or use

    beginning of year $7,778,069 · end of year $6,910,247

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,097,233 · end of year $13,332,893

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

    $1,506,841,084

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

    $710,343,776

  • 10c · Land, buildings and equipment, net

    beginning of year $723,497,963 · end of year $796,497,308

  • 11 · Investments: publicly traded securities

    beginning of year $368,412,873 · end of year $554,134,444

  • 12 · Investments: other securities

    beginning of year $1,189,904,610 · end of year $1,169,759,091

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $2,270,896 · end of year $2,428,015

  • 17 · Accounts payable and accrued expenses

    beginning of year $65,958,298 · end of year $74,298,794

  • 19 · Deferred revenue

    beginning of year $40,215,472 · end of year $41,477,357

  • 20 · Tax-exempt bond liabilities

    beginning of year $342,403,052 · end of year $448,595,186

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $261,279 · end of year $105,894

  • 25 · Other liabilities

    beginning of year $165,113,540 · end of year $151,020,547

  • 27 · Net assets without donor restrictions

    beginning of year $1,237,636,714 · end of year $1,292,724,599

  • 28 · Net assets with donor restrictions

    beginning of year $674,608,641 · end of year $684,148,491

Mission and programs · 2022

Mission

ROCHESTER INSTITUTE OF TECHNOLOGY (RIT) SHAPES THE FUTURE AND IMPROVES THE WORLD THROUGH CREATIVITY AND INNOVATION. AS AN ENGAGED, INTELLECTUALLY CURIOUS, AND SOCIALLY CONSCIOUS COMMUNITY, RIT LEVERAGES THE POWER OF TECHNOLOGY, THE ARTS, AND DESIGN FOR THE GREATER GOOD.

  • 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 nations. RIT total enrollment in Fall 2022 was approximately 19,772, which included approximately 16,868 undergraduate and 2,904 graduate students. Approximately 16,680 students are enrolled at RIT's main campus and the remainder at international locations. RIT is comprised of nine colleges and two degree-granting academic units offering 257 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 1,135 students from the United States and abroad. Over the preceding 10 years, enrollment has increased from 17,950 students in the Fall of 2012 to 19,772 students in the Fall of 2022, an increase of 10%.

    Expenses $697,555,772 · Grants $353,330,424 · Revenue $683,936,236

  • Student and Auxiliary Services - Student services provide students with additional enrichment and educational opportunities. Such services include student health, athletics, and other recreational activities. 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 $95.8 million, an increase of $9.8M from the prior year. Surpluses from auxiliary services support the operating budget of the University.

    Expenses $149,977,113 · Grants $7,105,132 · Revenue $102,831,538

  • 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.

    Expenses $80,191,022 · Grants $8,122,653 · Revenue $4,524,348

As filed on the 2022 return.

Listed in Part VII

  • DAVID C MUNSON

    PRESIDENT

    Total calculated
    $1,084,419
    From this org
    $983,001
    From related orgs
    $0
    Other
    $101,418
    Hours/week
    40 + 0.1 related

    Schedule J breakdown matched by us

    Base
    $883,644
    Bonus
    $52,875
    Other
    $46,482
    Deferred
    $27,450
    Nontaxable benefits
    $73,968
    Filer's total
    $1,084,419

  • JEFFREY K HARRIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • SUSAN M PUGLIA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • SUSAN R HOLLIDAY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • ANDREW N BRENNEMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • ANDREW R JACOBSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • ARTHUR A GOSNELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • AUSTIN W MCCHORD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • BRIAN P O'SHAUGHNESSY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • BRITTA MacIntosh

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • BROOKS H BOWER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • CAROL B CALA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • CHESTER N WATSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • CHRISTINE B WHITMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • CHRISTOPHER LEHFELDT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • CLAYTON P TURNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • DALE J DAVIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • DANA A MEHNERT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • DARSHAN N HIRANANDANI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • DAVID J BURNS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • DINAH G WEISBERG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • DONALD J TRUESDALE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • ESSIE L CALHOUN-MCDAVID

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • FRANK S SKLARSKY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • GERARD Q PIERCE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • HYACINTH DRUMMOND

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • JAMES P SWIFT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • JORGE M RODRIGUEZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • JUDY B VON BUCHER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • KATHY M YU

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • KEVIN J SURACE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • KIM E VANGELDER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • MARK G BARBERIO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • NICHOLAS M SCHNEIDER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • PAMELA LLOYD-OGOKE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • RICHARD DAVIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • RICK A KITTLES PHD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • ROBERT W AUGUST

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • RONALD L ZARRELLA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • RONALD S RICOTTA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • ROOSEVELT MERCER JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • SHARON D NAPIER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • SHARON TING

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • VICTORIA D DECKER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • CHRISTINE M LICATA

    INTERIM PROVOST AND SVP ACADEMIC AFFAIRS

    Total calculated
    $330,022
    From this org
    $279,568
    From related orgs
    $0
    Other
    $50,454
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $274,152
    Bonus
    $0
    Other
    $5,416
    Deferred
    $28,489
    Nontaxable benefits
    $21,965
    Filer's total
    $330,022

  • COLLEEN F PETERSON

    INTERIM VP ENROLLMENT MANAGEMENT

    Total calculated
    $271,868
    From this org
    $174,626
    From related orgs
    $0
    Other
    $97,242
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,875
    Bonus
    $0
    Other
    $26,751
    Deferred
    $15,648
    Nontaxable benefits
    $81,594
    Filer's total
    $271,868

  • ELLEN M GRANBERG

    PROVOST AND SVP ACADEMIC AFFAIRS

    Total calculated
    $577,338
    From this org
    $529,304
    From related orgs
    $0
    Other
    $48,034
    Hours/week
    40 + 0.1 related

    Schedule J breakdown matched by us

    Base
    $509,278
    Bonus
    $19,050
    Other
    $976
    Deferred
    $27,450
    Nontaxable benefits
    $20,584
    Filer's total
    $577,338

  • GERARD BUCKLEY

    PRESIDENT NTID & VP AND DEAN RIT

    Total calculated
    $423,810
    From this org
    $371,371
    From related orgs
    $0
    Other
    $52,439
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $364,089
    Bonus
    $0
    Other
    $7,282
    Deferred
    $30,500
    Nontaxable benefits
    $21,939
    Filer's total
    $423,810

  • IAN J MORTIMER

    VP ENROLLMENT MGMT & ASSOC PROVOST, RIT CERTIFIED

    Total calculated
    $431,396
    From this org
    $376,384
    From related orgs
    $0
    Other
    $55,012
    Hours/week
    40 + 0.1 related

    Schedule J breakdown matched by us

    Base
    $373,541
    Bonus
    $0
    Other
    $2,843
    Deferred
    $27,450
    Nontaxable benefits
    $27,562
    Filer's total
    $431,396

  • JAMES H WATTERS

    SVP FINANCE AND ADMINISTRATION

    Total calculated
    $666,570
    From this org
    $619,183
    From related orgs
    $0
    Other
    $47,387
    Hours/week
    40 + 0.1 related

    Schedule J breakdown matched by us

    Base
    $578,910
    Bonus
    $25,026
    Other
    $15,247
    Deferred
    $30,500
    Nontaxable benefits
    $16,887
    Filer's total
    $666,570

  • JOHN K TRIERWEILER

    VP CHIEF MARKETING OFFICER

    Total calculated
    $367,356
    From this org
    $314,207
    From related orgs
    $0
    Other
    $53,149
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $304,077
    Bonus
    $0
    Other
    $10,130
    Deferred
    $27,450
    Nontaxable benefits
    $25,699
    Filer's total
    $367,356

  • KEITH JENKINS

    VP & ASSOC PROVOST FOR DIVERSITY & INCLUSION

    Total calculated
    $299,102
    From this org
    $241,358
    From related orgs
    $0
    Other
    $57,744
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $236,581
    Bonus
    $0
    Other
    $4,777
    Deferred
    $24,548
    Nontaxable benefits
    $33,196
    Filer's total
    $299,102

  • LISA A CHASE

    VP & SECRETARY OF THE INSTITUTE

    Total calculated
    $300,702
    From this org
    $253,865
    From related orgs
    $0
    Other
    $46,837
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $251,968
    Bonus
    $0
    Other
    $1,897
    Deferred
    $25,965
    Nontaxable benefits
    $20,872
    Filer's total
    $300,702

  • PHILLIP D CASTLEBERRY

    VP UNIVERSITY ADVANCEMENT

    Total calculated
    $449,499
    From this org
    $393,116
    From related orgs
    $0
    Other
    $56,383
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $391,470
    Bonus
    $0
    Other
    $1,646
    Deferred
    $27,450
    Nontaxable benefits
    $28,933
    Filer's total
    $449,499

  • ROBERT COLON

    VP & GENERAL COUNSEL

    Total calculated
    $385,982
    From this org
    $332,753
    From related orgs
    $0
    Other
    $53,229
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $330,007
    Bonus
    $0
    Other
    $2,746
    Deferred
    $30,500
    Nontaxable benefits
    $22,729
    Filer's total
    $385,982

  • RYNE RAFFAELLE

    VP RESEARCH

    Total calculated
    $411,536
    From this org
    $361,822
    From related orgs
    $0
    Other
    $49,714
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $357,795
    Bonus
    $0
    Other
    $4,027
    Deferred
    $30,500
    Nontaxable benefits
    $19,214
    Filer's total
    $411,536

  • SANDRA S JOHNSON

    SVP STUDENT AFFAIRS

    Total calculated
    $463,234
    From this org
    $366,683
    From related orgs
    $0
    Other
    $96,551
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $352,185
    Bonus
    $5,627
    Other
    $8,871
    Deferred
    $27,450
    Nontaxable benefits
    $69,101
    Filer's total
    $463,234

  • VANESSA J HERMAN

    VP FOR GOVT & COMMUNITY RELATIONS

    Total calculated
    $309,812
    From this org
    $266,479
    From related orgs
    $0
    Other
    $43,333
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $265,505
    Bonus
    $0
    Other
    $974
    Deferred
    $24,345
    Nontaxable benefits
    $18,988
    Filer's total
    $309,812

  • ANNE HAAKE

    DEAN GOLISANO COLLEGE OF COMPUTING & INFORMATION SCIENCES

    Total calculated
    $398,119
    From this org
    $349,886
    From related orgs
    $0
    Other
    $48,233
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $342,304
    Bonus
    $0
    Other
    $7,582
    Deferred
    $30,500
    Nontaxable benefits
    $17,733
    Filer's total
    $398,119

  • DONALD F FIGER

    PROF AND DIR CENTER FOR DETECTORS

    Total calculated
    $395,680
    From this org
    $311,845
    From related orgs
    $0
    Other
    $83,835
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $293,411
    Bonus
    $15,841
    Other
    $2,593
    Deferred
    $22,628
    Nontaxable benefits
    $61,207
    Filer's total
    $395,680

  • DOREEN EDWARDS

    DEAN COLLEGE OF ENGINEERING

    Total calculated
    $394,678
    From this org
    $346,121
    From related orgs
    $0
    Other
    $48,557
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $345,410
    Bonus
    $0
    Other
    $711
    Deferred
    $27,450
    Nontaxable benefits
    $21,107
    Filer's total
    $394,678

  • JACQUELINE MOZRALL

    DEAN SAUNDERS COLLEGE OF BUSINESS

    Total calculated
    $516,708
    From this org
    $406,997
    From related orgs
    $0
    Other
    $109,711
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $376,011
    Bonus
    $0
    Other
    $30,986
    Deferred
    $30,500
    Nontaxable benefits
    $79,211
    Filer's total
    $516,708

  • NABIL Z NASR

    ASSOC PROVOST DIR GOLISANO INST OF SUSTAINABILITY

    Total calculated
    $684,841
    From this org
    $630,511
    From related orgs
    $0
    Other
    $54,330
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $481,055
    Bonus
    $0
    Other
    $149,456
    Deferred
    $30,500
    Nontaxable benefits
    $23,830
    Filer's total
    $684,841

  • DANIEL ORNT

    PROFESSOR

    Total calculated
    $392,728
    From this org
    $343,706
    From related orgs
    $0
    Other
    $49,022
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $336,418
    Bonus
    $0
    Other
    $7,288
    Deferred
    $27,450
    Nontaxable benefits
    $21,572
    Filer's total
    $392,728

  • KAREN A BARROWS

    FORMER SECRETARY OF THE INST AND CHIEF OF STAFF

    Total calculated
    $177,913
    From this org
    $154,545
    From related orgs
    $0
    Other
    $23,368
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,151
    Bonus
    $5,000
    Other
    $2,394
    Deferred
    $14,859
    Nontaxable benefits
    $8,509
    Filer's total
    $177,913

  • KATHERINE J MAYBERRY

    FORMER VP FOR STRATEGIC PLANNING AND SPECIAL INITIATIVES

    Total calculated
    $163,748
    From this org
    $144,785
    From related orgs
    $0
    Other
    $18,963
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,473
    Bonus
    $0
    Other
    $11,312
    Deferred
    $13,560
    Nontaxable benefits
    $5,403
    Filer's total
    $163,748

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 · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 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

  • 1b · Written policy on the line-1a expenses
  • 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 First-class or charter travel
The President is required to travel extensively for RIT matters. Due to the amount of travel and the need to coordinate trips with the many other commitments for the position, the University pays for business class air travel (or its equivalent) for international travel and business/first class travel (or its equivalent) for domestic travel over three hours when the President travels for University business.
Schedule J, Part I, Line 1a Travel for companions
WHEN BUSINESS CIRCUMSTANCES WARRANT, THE UNIVERSITY MAY PAY FOR TRAVEL FOR COMPANIONS OF THE OFFICERS AND/OR HIGHLY COMPENSATED EMPLOYEES WHEN THEIR GUEST IS A FAMILY MEMBER, WHETHER OR NOT FOR BONA FIDE BUSINESS PURPOSES. 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 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 EIGHT OFFICERS INCLUDING FORMER 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 AND HIGHLY COMPENSATED EMPLOYEES. 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.
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.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 5257 W HENRIETTA ROAD LLC

    OWN REAL PROPERTY · NY · income $6,558,756 · assets $23,335,332

    Directly controlled by ROCHESTER INSTITUTE OF TECHNOLOGY

  • RIT VENTURE FUND I LLC

    INVESTMENTS · DE · income $3,099 · assets $205,758

    Directly controlled by ROCHESTER INSTITUTE OF TECHNOLOGY

  • RIT VF ARC HOLDINGS LLC

    INVESTMENTS · NY · income $0 · assets $0

    Directly controlled by RIT Venture Fund I LLC

Provenance

Return type
form_990
Tax year
2022
Filed
23 April 2024
IRS schema version
2022v5.0
Source object
202421149349301002

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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