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$1,336,682
Tides FoundationQuality Education$500,000
American University (AU)Subaward$491,122
...and 192 more grants received totalling $8,880,330

Personnel at RIT

NameTitleCompensation
Eric J KuckhoffTrustee$0
John TrierweilerVice President , Marketing and Communications , Chief Marketing Officer$314,207
Karen BarrowsChief of Staff$140,190
Jo Ellen PinkhamAssociate Vice President and Chief Human Resources Officer
James WattersSenior Vice President and Treasurer$619,183
...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$992,738,428
Duke UniversityDurham, NC$3,747,197,275
Washington University in St. Louis (Wash. U)Saint Louis, MO$5,086,312,965
Vanderbilt UniversityNashville, TN$2,266,404,948
University of Notre DameNotre Dame, IN$2,590,868,335
The University of Chicago (UChicago)Chicago, IL$4,659,559,211
The Trustees of Princeton UniversityPrinceton, NJ$3,611,165,000
Santa Clara University (SCU)Santa Clara, CA$622,017,263
Howard UniversityWashington, DC$1,269,450,000
Rensselaer Polytechnic Institute (RPI)Troy, NY$666,573,071
Data update history
October 23, 2024
Received grants
Identified 14 new grant, including a grant for $141,875 from Association of Universities for Research in Astronomy
September 11, 2024
Updated personnel
Identified 1 new personnel
September 11, 2024
Used new vendors
Identified 1 new vendor, including
August 10, 2024
Received grants
Identified 62 new grant, including a grant for $491,122 from American University (AU)
May 22, 2024
Posted financials
Added Form 990 for fiscal year 2023
Nonprofit Types
Grantmaking organizationsSchoolsHigher ed institutionsHeadquarter / parent organizations
Issues
HealthEducationDiseases and disorders
Characteristics
LobbyingConservation easementFundraising eventsOperates internationallyState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsTax deductible donationsAccepts online 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
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Exempt
FTB status revoked
Not revoked
AG Registration Number
CT0185307
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2024-11-20
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