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
2020-06-01
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
$849,584,640
2020
Total expenses
$813,924,493
2020
Total assets
$2,165,976,339
2020
Num. employees
12,552
2020

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.

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
...and 11 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$10,428,803
Ny-Best (Ny-Best)Program$730,000
Schwab Charitable FundEducation$252,265
...and 80 more grants received totalling $13,966,137
Federal funding details
Federal agencyProgram nameAmount
Department of EducationFEDERAL DIRECT STUDENT LOANS$83,308,636
Department of EducationNTID FEDERAL APPROPRIATION$73,399,705
Department of EducationFEDERAL PERKINS LOAN PROGRAM$30,536,266
...and 165 more federal grants / contracts

Personnel at RIT

NameTitleCompensation
Arthur A. GosnellChairman and Chief Executive Officer$0
Austin W. McChordChief Executive Officer$0
Brian P. O'Shaughnessy, Esq.Chief Executive Officer and Executive Director$0
Brooks H. BowerChairman and Chief Executive Officer$0
Dinah G. WeisbergPresident and Chief Executive Officer$0
...and 40 more key personnel

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

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

Organizations like RIT

OrganizationLocationRevenue
Medical College of Wisconsin (MCW)Milwaukee, WI$1,286,151,484
Butler UniversityIndianapolis, IN$274,375,552
Illinois Institute of Technology (IIT)Chicago, IL$410,466,852
Rensselaer Polytechnic Institute (RPI)Troy, NY$653,047,178
Duke UniversityDurham, NC$3,194,489,301
The University of Chicago (UChicago)Chicago, IL$3,705,144,407
Loyola University Chicago (LUC)Chicago, IL$863,455,479
Georgetown UniversityWashington, DC$1,684,831,601
Rice UniversityHouston, TX$976,544,472
Texas Christian University (TCU)Fort Worth, TX$895,084,917
Data update history
August 3, 2022
Received grants
Identified 21 new grant, including a grant for $185,000 from Delta Environmental
December 1, 2021
Posted financials
Added Form 990N for fiscal year 2021
December 1, 2021
Updated personnel
Identified 14 new personnel
October 2, 2021
Received grants
Identified 34 new grant, including a grant for $214,225 from United Way of Greater Rochester / 999
August 21, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
SchoolsHigher ed institutionsHeadquarter / parent organizations
Issues
Science and technologyEducationDiseases and disorders
Characteristics
Conducts researchLobbyingConservation easementFundraising eventsOperates internationallyState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsFundraising races, competitions, and tournamentsTax deductible donations
General information
Address
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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