EIN 16-0743140

Rochester Institute of Technology (RIT)

IRS 501(c) type
501(c)(3)
Num. employees
12,552
Year formed
1830
Most recent tax filings
2020-06
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.

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 countries. RIT total enrollment in Fall 2019 was approximately 18,900, which included approximately 15,750 undergraduate and 3,150 graduate students. Approximately 16,460 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 1,130 students from the United States and abroad. Over the preceding 10 years, enrollment has increased from 16,774 students in the Fall of 2009 to 18,897 students in the Fall of 2019, an increase of 13%.
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 athletics, student health and admissions. 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 $66.5 million, a decrease of $20.6M from the prior year. Surpluses from auxiliary services support the operating budget of the University.

Form 990s for RIT

Fiscal year endingDate received by IRSFormPDF link
2020-062021-04-15990View PDF
2019-062020-08-19990View PDF
2018-062019-12-27990View PDF
2017-062018-06-14990View PDF
2016-062017-10-05990View PDF
...and 7 more Form 990s

Who funds Rochester Institute of Technology (RIT)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$10,428,803
 Subscribe to viewProgram$730,000
 Subscribe to viewEducation$252,265
...and 62 more grants received
Federal funding details
Federal agencyProgram nameAmount
Department of EducationFEDERAL DIRECT STUDENT LOANS$83,308,636
 Subscribe to view██ ███ ██████$░░,░░░,░░░
 Subscribe to view████ ████ ██ ███$░░,░░░,░░░
...and 165 more federal grants / contracts

Grants made by RIT

GranteeGrant descriptionAmount
Greater Rochester Enterprise (GRE)Sponsorship$50,000
American Society for Deaf ChildrenEvent Sponsorship$36,000
Rochester Regional Health FoundationEvent Support$20,000
 Subscribe to viewConference Sponsorship$15,300
 Subscribe to viewSponsorship$15,300
...and 9 more grants made

Financials for RIT

RevenuesFYE 06/2020
Total grants, contributions, etc.$168,159,480
Program services$626,051,879
Investment income and dividends$17,342,304
Tax-exempt bond proceeds$487
Royalty revenue$258,750
Net rental income$-388,994
Net gain from sale of non-inventory assets$30,895,527
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$7,265,207
Total revenues$849,584,640

Personnel at RIT

NameTitleCompensation
Austin W McChordFounder and Former Chief Executive Officer$0
Brooks H BowerChairman and Chief Executive Officer$0
Donald J TruesdaleChief Executive Officer$0
 Subscribe to viewPresident and Chief Executive Officer$0
 Subscribe to viewChairman and Chief Executive Officer$0
...and 30 more key personnel

Organizations like RIT

OrganizationLocationRevenue
Butler UniversityIndianapolis, IN$274,375,552
Loyola University Chicago (LUC)Chicago, IL$863,455,479
University of Notre DameNotre Dame, IN$2,518,434,460
Medical College of Wisconsin (MCW)Milwaukee, WI$1,286,151,484
Texas Christian University (TCU)Fort Worth, TX$895,084,917
Duke UniversityDurham, NC$3,194,489,301
New York Institute of Technology (NYIT)Old Westbury, NY$334,117,617
Drexel UniversityPhiladelphia, PA$1,329,522,543
Johnson & Wales UniversityProvidence, RI$403,272,641
Ithaca College (IC)Ithaca, NY$365,679,639
Samford UniversityBirmingham, AL$233,018,125
Northeastern University (NU)Boston, MA$1,943,632,573
Lehigh UniversityBethlehem, PA$506,773,429
Fairfield UniversityFairfield, CT$361,744,489
Bryant UniversitySmithfield, RI$218,647,857
The George Washington University (GWU)Ashburn, VA$1,667,611,791
University of RochesterRochester, NY$4,135,942,762
Illinois Institute of Technology (IIT)Chicago, IL$410,466,852
University of TulsaTulsa, OK$292,120,959
Wake Forest University (WFU)Winstonsalem, NC$583,443,727
Princeton UniversityPrinceton, NJ$2,120,040,000
Trustees of Boston UniversityBoston, MA$2,615,858,845
Saint Johns University (SJU)Jamaica, NY$810,687,746
Santa Clara University (SCU)Santa Clara, CA$550,696,402
Pace UniversityNew York, NY$597,655,933
Nonprofit Types
Issues
Characteristics
Key performance indicators
Total revenues
$849,584,640
2020
Yearly growth
0.4%
% of revenues
n/a
Total expenses
$813,924,493
2020
Yearly growth
2.1%
% of expenses
n/a
Total assets
$2,165,976,339
2020
Yearly growth
7.3%
% of assets
n/a
Num. employees
12,552
2020
Yearly growth
0.3%
% of total
n/a
General information
Address
46 Lomb Memorial Drive
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