Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $33,000

• 2a · Program service revenue: Tuition

  total $6,216,483 · related or exempt $6,216,483 · unrelated business $0 · excluded $0

• 2b · Program service revenue: Educational Services

  total $4,923,367 · related or exempt $4,923,367 · unrelated business $0 · excluded $0

• 2f · All other program service revenue

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

• 3 · Investment income

  total $1,477 · related or exempt $0 · unrelated business $0 · excluded $1,477

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7c · Gain or loss

  securities $0 · other assets $0

• 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 $924,760 · program services $924,760

• 7 · Other salaries and wages

  total $4,344,651 · program services $2,515,872 · management and general $1,828,779

• 9 · Other employee benefits

  total $1,955,927 · program services $1,204,831 · management and general $751,096

• 10 · Payroll taxes

  total $4,951 · program services $4,951

• 11b · Fees: legal

  total $11,661 · management and general $11,661

• 11c · Fees: accounting

  total $11,889 · management and general $11,889

• 11g · Fees: other

  total $408,626 · program services $76,756 · management and general $331,870 · fundraising $0

• 12 · Advertising and promotion

  total $297,546 · program services $297,546

• 13 · Office expenses

  total $227,380 · program services $165,778 · management and general $61,602

• 14 · Information technology

  total $243,809 · program services $193,266 · management and general $50,543

• 16 · Occupancy

  total $689,327 · program services $456,249 · management and general $233,078

• 17 · Travel

  total $375,430 · program services $228,092 · management and general $147,338

• 19 · Conferences, conventions and meetings

  total $828 · management and general $828

• 22 · Depreciation, depletion and amortization

  total $113,053 · program services $113,034 · management and general $19

• 23 · Insurance

  total $10,591 · management and general $10,591

• 24a · Other expenses: Expense Recoveries to Affiliates

  total $2,910,184 · program services $2,000,000 · management and general $910,184

• 24b · Other expenses: Study Abroad Program

  total $343,836 · program services $343,836

• 24c · Other expenses: Maintenance & Repairs

  total $65,093 · program services $65,093

• 24d · Other expenses: Currency Translation

  total -$64,387 · program services -$42,616 · management and general -$21,771

• 24e · All other expenses

  total $56,207 · program services $11,515 · management and general $44,692 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,501,235 · end of year $991,188

• 4 · Accounts receivable

  beginning of year $530,108 · end of year $1,066,865

• 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 $4,203,744 · end of year $4,319,108

• 9 · Prepaid expenses and deferred charges

  beginning of year $133,425 · end of year $177,838

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

  $4,256,225

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

  $3,274,181

• 10c · Land, buildings and equipment, net

  beginning of year $695,389 · end of year $982,044

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $3,664,285 · end of year $2,927,497

• 17 · Accounts payable and accrued expenses

  beginning of year $505,815 · end of year $607,217

• 19 · Deferred revenue

  beginning of year $5,757,919 · end of year $6,149,906

• 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 $5,464,452 · end of year $3,707,417

• 28 · Net assets with donor restrictions

  end of year $0

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Tax indemnification and gross-up payments

The entity makes payments of foreign taxes on behalf of eligible employees, commonly known as tax equalization payments. These payments are considered taxable compensation to the employee. Additionally, the entity calculates a gross-up of U.S. taxes for the equalization payments made on behalf of the employee. The gross-up is also considered taxable compensation to the employee.

Schedule J, Part I, Line 1a Housing allowance or residence for personal use

An individual is provided living accommodations while living and working abroad. This benefit is not deemed to be taxable compensation.

Disregarded entities

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

• RIT CROATIA

  EDUCATIONAL PURPOSES · HR · income $6,823,310 · assets $7,151,347

  Directly controlled by RIT GLOBAL DELIVERY CORPORATION