EIN 16-0743140

Rochester Institute of Technology (RIT)

IRS 501(c) type
501(c)(3)
Num. employees
11,647
Year formed
1830
Most recent tax filings
2023-06-01
Description
Rochester Institute of Technology (RIT) is a private doctoral university located within the town of Henrietta in the Rochester, New York metropolitan area. RIT is composed of nine academic colleges, including National Technical Institute for the Deaf.
Total revenues
$1,042,122,687
2023
Total expenses
$997,198,958
2023
Total assets
$2,692,370,868
2023
Num. employees
11,647
2023

Program areas at RIT

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%.
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.
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.

Grants made by RIT

GranteeGrant descriptionAmount
Lexington School for the DeafSponsorship$157,360
Genesee Country Village and MuseumSponsorship$33,268
California Educators of the DeafEvent Sponsorship$30,000
...and 23 more grants made totalling $484,887

Who funds Rochester Institute of Technology (RIT)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$10,906,458
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$10,906,458
United Way of Greater Rochester and the Finger LakesCharitable Gift Fund$403,395
...and 187 more grants received totalling $28,042,026

Personnel at RIT

NameTitleCompensation
Eric J KuckhoffTrustee$0
Karen A BarrowsFormer Secretary of the Inst and Chief of Staff$140,190
Jo Ellen PinkhamAssociate Vice President and Chief Human Resources Officer
James H WattersSenior Vice President Finance and Administration$619,183
Vanessa J HermanVice President for Government and Community Relations$266,479
...and 24 more key personnel

Financials for RIT

RevenuesFYE 06/2023
Total grants, contributions, etc.$189,886,041
Program services$791,292,123
Investment income and dividends$28,582,592
Tax-exempt bond proceeds$2,679,705
Royalty revenue$21,724
Net rental income$-547,133
Net gain from sale of non-inventory assets$22,372,660
Net income from fundraising events$-18,706
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$7,853,681
Total revenues$1,042,122,687

Form 990s for RIT

Fiscal year endingDate received by IRSFormPDF link
2023-062024-04-23990View PDF
2022-062023-04-04990View PDF
2021-062022-04-01990View PDF
2020-062021-04-15990View PDF
2019-062020-08-19990View PDF
...and 10 more Form 990s

Organizations like RIT

OrganizationLocationRevenue
Loyola University Chicago (LUC)Chicago, IL$1,069,361,900
Duke UniversityDurham, NC$4,604,378,802
University of Notre DameNotre Dame, IN$3,495,548,499
University of RochesterRochester, NY$4,935,271,271
The University of Chicago (UChicago)Chicago, IL$4,613,831,972
Vanderbilt UniversityNashville, TN$3,316,640,682
Rensselaer Polytechnic Institute (RPI)Troy, NY$703,187,253
University of TulsaTulsa, OK$346,906,577
Illinois Institute of Technology (IIT)Chicago, IL$364,483,065
Texas Christian University (TCU)Fort Worth, TX$1,103,356,620
Data update history
May 22, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 20, 2024
Updated personnel
Identified 1 new personnel
May 18, 2024
Received grants
Identified 5 new grant, including a grant for $125,000 from James S. McDonnell Foundation (JSMF)
February 3, 2024
Received grants
Identified 66 new grant, including a grant for $403,395 from United Way of Greater Rochester and the Finger Lakes
October 25, 2023
Received grants
Identified 18 new grant, including a grant for $125,000 from Esl
Nonprofit Types
SchoolsHigher ed institutionsHeadquarter / parent organizations
Issues
HealthEducationDiseases and disorders
Characteristics
LobbyingConservation easementFundraising eventsOperates internationallyState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsTax deductible donations
General information
Address
Controller 46 Lomb Memorial Dr
Rochester, NY 14623
Metro area
Rochester, NY
County
Monroe County, NY
Website URL
rit.edu/ 
Phone
(585) 475-2411
IRS details
EIN
16-0743140
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1830
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B43: University or Technological Institute
NAICS code, primary
611310: Colleges, Universities, and Professional Schools
Parent/child status
Central organization
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