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Nonprofiteer
← RIT GLOBAL DELIVERY CORPORATION

Form 990 for tax year 2022

Filed by RIT GLOBAL DELIVERY CORPORATION.

Totals

Total revenue
$8,942,634
Total expenses
$8,362,548
Contributions and grants received
$30,000
Grants paid
$841,775
Program service revenue
$8,901,038
Investment income
$11,596
Other revenue
$0
Total assets, end of year
$11,728,186
Total liabilities, end of year
$6,263,734
Net assets or fund balances, end of year
$5,464,452
Program services expenses (Part IX)
$6,153,930
Management and general expenses
$2,208,618
Fundraising expenses
$0
Program service expenses (Part III)
$6,153,930

Program services were 73.6% 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.

  • 1f · All other contributions, gifts and grants

    $30,000

  • 2a · Program service revenue: TUITION

    total $5,551,829 · related or exempt $5,551,829

  • 2b · Program service revenue: EDUCATIONAL SERVICES

    total $3,349,209 · related or exempt $3,349,209

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $1,410 · excluded $1,410

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    other assets $25,437

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

    other assets $15,251

  • 7c · Gain or loss

    securities $0 · other assets $10,186

  • 7d · Net gain or loss

    total $10,186 · related or exempt $10,186

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $841,775 · program services $841,775

  • 7 · Other salaries and wages

    total $3,627,394 · program services $2,645,290 · management and general $982,104

  • 9 · Other employee benefits

    total $1,443,000 · program services $1,003,392 · management and general $439,608

  • 10 · Payroll taxes

    total $71,781 · management and general $71,781

  • 11b · Fees: legal

    total $18,682 · management and general $18,682

  • 11c · Fees: accounting

    total $11,197 · management and general $11,197

  • 11g · Fees: other

    total $178,750 · program services $38,806 · management and general $139,944 · fundraising $0

  • 12 · Advertising and promotion

    total $297,919 · program services $297,919

  • 13 · Office expenses

    total $232,097 · program services $165,794 · management and general $66,303

  • 14 · Information technology

    total $32,837 · program services $1,025 · management and general $31,812

  • 16 · Occupancy

    total $660,895 · program services $492,013 · management and general $168,882

  • 17 · Travel

    total $313,861 · program services $156,075 · management and general $157,786

  • 19 · Conferences, conventions and meetings

    total $886 · management and general $886

  • 22 · Depreciation, depletion and amortization

    total $137,625 · program services $137,401 · management and general $224

  • 23 · Insurance

    total $10,075 · management and general $10,075

  • 24a · Other expenses: Study Abroad Faculty Led Program

    total $183,949 · program services $183,949

  • 24b · Other expenses: Bad Debt Expense

    total $97,712 · program services $0 · management and general $97,712

  • 24c · Other expenses: Maintenance & Repairs

    total $82,153 · program services $82,153

  • 24d · Other expenses: Student Organization Support

    total $103,274 · program services $103,274

  • 24e · All other expenses

    total $16,686 · program services $5,064 · management and general $11,622 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,644,246 · end of year $2,501,235

  • 4 · Accounts receivable

    beginning of year $769,113 · end of year $530,108

  • 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 $4,660,710 · end of year $4,337,169

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

    $3,856,518

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

    $3,161,129

  • 10c · Land, buildings and equipment, net

    beginning of year $555,114 · end of year $695,389

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $2,746,102 · end of year $3,664,285

  • 17 · Accounts payable and accrued expenses

    beginning of year $607,670 · end of year $505,815

  • 19 · Deferred revenue

    beginning of year $5,883,249 · end of year $5,757,919

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $4,884,366 · end of year $5,464,452

Mission and programs · 2022

Mission

PROVIDE ADMINISTRATIVE AND OTHER SUPPORT SERVICES TO ACADEMIC PROGRAMS SPONSORED BY ROCHESTER INSTITUTE OF TECHNOLOGY BOTH IN THE UNITED STATES AND ABROAD.

  • PROVIDE ADMINISTRATIVE AND OTHER SUPPORT SERVICES TO ACADEMIC PROGRAMS SPONSORED BY ROCHESTER INSTITUTE OF TECHNOLOGY BOTH IN THE UNITED STATES AND ABROAD.

    Expenses $6,153,930 · Grants $841,775 · Revenue $8,911,224

As filed on the 2022 return.

Listed in Part VII

  • David J Burns

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Dinah G Weisberg

    CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Ellen M Granberg

    PRESIDENT

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

    Schedule J breakdown matched by us

    Base
    $0 + $509,278 related
    Bonus
    $0 + $19,050 related
    Other
    $0 + $976 related
    Deferred
    $0 + $27,450 related
    Nontaxable benefits
    $0 + $20,584 related
    Filer's total
    $0 + $577,338 related

  • Ian J Mortimer

    SECRETARY

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

    Schedule J breakdown matched by us

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

  • James H Watters

    VICE CHAIR AND SECRETARY

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

    Schedule J breakdown matched by us

    Base
    $0 + $578,910 related
    Bonus
    $0 + $25,026 related
    Other
    $0 + $15,247 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $16,887 related
    Filer's total
    $0 + $666,570 related

  • ARTHUR A GOSNELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Christine B Whitman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Darshan N Hiranandani

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • David C Munson

    DIRECTOR

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

    Schedule J breakdown matched by us

    Base
    $0 + $883,644 related
    Bonus
    $0 + $52,875 related
    Other
    $0 + $46,482 related
    Deferred
    $0 + $27,450 related
    Nontaxable benefits
    $0 + $73,968 related
    Filer's total
    $0 + $1,084,419 related

  • HARRY P TRUEHEART III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Jay Holmes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Richard Kaplan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Robert W August

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • KEVIN A PURDY

    TREASURER

    Total calculated
    $192,408
    From this org
    $0
    From related orgs
    $171,673
    Other
    $20,735
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $163,437 related
    Bonus
    $0 + $7,500 related
    Other
    $0 + $736 related
    Deferred
    $0 + $15,159 related
    Nontaxable benefits
    $0 + $5,576 related
    Filer's total
    $0 + $192,408 related

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

None.

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

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.

Disregarded entities

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

  • RIT CROATIA

    EDUCATIONAL PURPOSES · HR · income $5,987,479 · assets $6,620,209

    Directly controlled by RIT GLOBAL DELIVERY CORPORATION

Provenance

Return type
form_990
Tax year
2022
Filed
7 May 2024
IRS schema version
2022v5.0
Source object
202431289349301938

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