EIN 16-0743140

Rochester Institute of Technology (RIT)

IRS 501(c) type
501(c)(3)
Num. employees
10,958
Year formed
1830
Most recent tax filings
2022-06-01
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
$1,071,324,345
2022
Total expenses
$922,322,587
2022
Total assets
$2,526,196,996
2022
Num. employees
10,958
2022

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 2021 was approximately 19,720, which included approximately 16,670 undergraduate and 3,050 graduate students. Approximately 16,875 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 254 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 1,170 students from the United States and abroad. Over the preceding 10 years, enrollment has increased from 17,652 students in the Fall of 2011 to 19,718 students in the Fall of 2021, an increase of 12%.
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 $86 million, an increase of $18.1M from the prior year. Surpluses from auxiliary services support the operating budget of the University.

Grants made by RIT

GranteeGrant descriptionAmount
Greater Rochester Enterprise (GRE)General Support$50,000
Hands and VoicesSponsorship/event Sponsorship$38,000
Rochester Regional Health FoundationEvent Sponsorship$25,000
...and 13 more grants made

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
Rochester Area Community Foundation (RACF)For General Support and Scholarships$439,225
The Robert D and Patricia E Kern Family FoundationKeen Implementation$370,000
...and 158 more grants received totalling $16,914,216
Federal funding details
Federal agencyProgram nameAmount
Department of EducationFEDERAL DIRECT STUDENT LOANS$81,379,926
Department of EducationNTID FEDERAL APPROPRIATION$66,934,241
Department of EducationFEDERAL PELL GRANT PROGRAM$19,306,908
...and 194 more federal grants / contracts

Personnel at RIT

NameTitleCompensation
Eric J KuckhoffTrustee$0
John K TrierweilerVice President Chief Marketing Officer$298,695
Karen BarrowsChief of Staff$140,190
Jo Ellen PinkhamAssociate Vice President and Chief Human Resources Officer
James H WattersSenior Vice President Finance and Administration$573,332
...and 23 more key personnel

Financials for RIT

RevenuesFYE 06/2022
Total grants, contributions, etc.$213,973,510
Program services$742,399,043
Investment income and dividends$20,331,652
Tax-exempt bond proceeds$893,984
Royalty revenue$502,941
Net rental income$-451,949
Net gain from sale of non-inventory assets$87,355,225
Net income from fundraising events$-8,639
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$6,328,578
Total revenues$1,071,324,345

Form 990s for RIT

Fiscal year endingDate received by IRSFormPDF link
2022-062023-04-04990View PDF
2021-062022-04-01990View PDF
2020-062021-04-15990View PDF
2019-062020-08-19990View PDF
2018-062019-12-27990View PDF
...and 9 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
Vanderbilt UniversityNashville, TN$3,316,640,682
The University of Chicago (UChicago)Chicago, IL$4,613,831,972
Howard UniversityWashington, DC$1,401,205,000
University of TulsaTulsa, OK$346,906,577
Rensselaer Polytechnic Institute (RPI)Troy, NY$703,187,253
University of PittsburghPittsburgh, PA$3,230,553,057
Data update history
July 5, 2023
Used new vendors
Identified 2 new vendors, including , and
June 16, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 14, 2023
Updated personnel
Identified 1 new personnel
June 10, 2023
Used new vendors
Identified 1 new vendor, including
May 10, 2023
Updated personnel
Identified 4 new personnel
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
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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