2024-05-07T12:46:52+00:00 2023-06-30 990 2022-07-01 201151703 RIT Global Delivery Corporation RITG 5854752383 7 Lomb Memorial Drive Rochester NY 14623 Kevin A Purdy Treasurer 5854752378 2024-05-07 Kevin Purdy 999009999 2022 2023-04-26 12:10:37Z James H Watters 5 Lomb Memorial Drive Rochester NY 14623 8957885 false X www.rit.edu X 2004 NY PROVIDE ADMINISTRATIVE AND OTHER SUPPORT SERVICES TO ACADEMIC PROGRAMS SPONSORED BY ROCHESTER INSTITUTE OF TECHNOLOGY BOTH IN THE UNITED STATES AND ABROAD. 9 5 42 0 0 0 60000 30000 9329559 8901038 1106 11596 0 9390665 8942634 911858 841775 0 5367619 5142175 0 0 2020690 2378598 8300167 8362548 1090498 580086 11375285 11728186 6490919 6263734 4884366 5464452 PROVIDE ADMINISTRATIVE AND OTHER SUPPORT SERVICES TO ACADEMIC PROGRAMS SPONSORED BY ROCHESTER INSTITUTE OF TECHNOLOGY BOTH IN THE UNITED STATES AND ABROAD. false false 6153930 841775 8911224 PROVIDE ADMINISTRATIVE AND OTHER SUPPORT SERVICES TO ACADEMIC PROGRAMS SPONSORED BY ROCHESTER INSTITUTE OF TECHNOLOGY BOTH IN THE UNITED STATES AND ABROAD. 6153930 true true false false false false false false true true false false true false true false true false true true false true false false false false false false true false false false false false false false false false false false false true true true false false false true X 2 0 true 42 true false true HR false false false false false false false false false false false false X 9 5 false false false false false false false true false false true true true true true true false false false NY X X MILAGROS CONCEPCION 5854752383 7 Lomb Memorial Drive Rochester NY 146235603 David J Burns DIRECTOR 0.1 0.1 X X 0 0 0 Dinah G Weisberg CHAIR 0.1 0.1 X X 0 0 0 Ellen M Granberg PRESIDENT 0.1 40.0 X X 0 529304 48034 Ian J Mortimer SECRETARY 0.1 40.0 X X 0 376384 55012 James H Watters VICE CHAIR AND SECRETARY 0.1 40.0 X X 0 619183 47387 ARTHUR A GOSNELL DIRECTOR 0.1 0.1 X 0 0 0 Christine B Whitman DIRECTOR 0.1 0.1 X 0 0 0 Darshan N Hiranandani DIRECTOR 0.1 0.1 X 0 0 0 David C Munson DIRECTOR 0.1 40.0 X 0 983001 101418 HARRY P TRUEHEART III DIRECTOR 0.1 X 0 0 0 Jay Holmes DIRECTOR 0.1 X 0 0 0 Richard Kaplan DIRECTOR 0.1 X 0 0 0 Robert W August DIRECTOR 0.1 0.1 X 0 0 0 KEVIN A PURDY TREASURER 0.1 40.0 X 0 171673 20735 0 2679545 272586 0 false true false 0 30000 30000 TUITION 900099 5551829 5551829 EDUCATIONAL SERVICES 611710 3349209 3349209 0 0 0 0 8901038 1410 1410 0 0 25437 15251 0 10186 10186 10186 0 0 0 0 0 8942634 8911224 0 1410 841775 841775 3627394 2645290 982104 1443000 1003392 439608 71781 71781 18682 18682 11197 11197 178750 38806 139944 0 297919 297919 232097 165794 66303 32837 1025 31812 660895 492013 168882 313861 156075 157786 886 886 137625 137401 224 10075 10075 Study Abroad Faculty Led Program 183949 183949 Bad Debt Expense 97712 0 97712 Maintenance & Repairs 82153 82153 Student Organization Support 103274 103274 16686 5064 11622 0 8362548 6153930 2208618 0 2644246 2501235 769113 530108 0 0 0 0 4660710 4337169 3856518 3161129 555114 695389 0 0 2746102 3664285 11375285 11728186 607670 505815 5883249 5757919 0 0 0 0 6490919 6263734 X 4884366 5464452 4884366 5464452 11375285 11728186 580086 0 X false true X false false X X X 1 ROCHESTER INSTITUTE OF TECHNOLOGY 160743140 2 true 0 0 1 0 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33678 -474 33204 33483 -1417 -1612 33678 25469 8014 33483 26362 -893 25469 24899 1463 26362 1.0 0.0 0.0 false true true 1997833 1776752 221081 1858685 1384377 474308 695389 Due from Rochester Institute of Technology 3664285 3664285 0 X Schedule D, Part V, Line 4 Intended uses of endowment funds Supporting delivery of programs through RIT Global Delivery Corporation. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE FINANCIAL STATEMENTS OF RIT GLOBAL DELIVERY CORPORATION ARE REPORTED ON A CONSOLIDATED BASIS WITH ITS CONTROLLING ORGANIZATION, ROCHESTER INSITUTE OF TECHNOLOGY (RIT OR UNIVERSITY). THE UNIVERSITY AND ITS CONSOLIDATED US SUBSIDIARIES, EXCEPT FOR VENTURE FUND I, LLC (FUND I) AND ITS SUBSIDIARY RIT VF ARC HOLDINGS LLC, ARE NOT-FOR-PROFIT ORGANIZATIONS, AND GENERALLY EXEMPT FROM INCOME TAXES ON RELATED INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE BUT ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX ON ACTIVITIES NOT RELATED TO THEIR EXEMPT PURPOSES. FUND I, A LIMITED LIABILITY COMPANY IS A WHOLLY OWNED SUBSIDIARY OF RIT WITH NO OTHER OWNERS, AND RIT VF ARC HOLDINGS LLC, A LIMITED LIABILITY COMPANY, IS A WHOLLY OWNED SUBSIDIARY OF FUND I WITH NO OTHER OWNERS, BOTH CLASSIFIED AS DISREGARDED ENTITIES FOR FEDERAL INCOME TAX PURPOSES. THE ACCOUNTING FOR INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION ADDRESSES THE DETERMINATION OF WHETHER CERTAIN TAX POSITIONS RESULT IN BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN AND WHETHER THEY SHOULD BE RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. FOR TAX-EXEMPT ENTITIES, TAX POSITIONS INCLUDE THE ENTITY'S TAX-EXEMPT STATUS AND ASSUMPTIONS USED TO DETERMINE UNRELATED BUSINESS TAXABLE INCOME. THE UNIVERSITY BELIEVES ITS TAX POSITIONS MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD REFERENCED IN THE TOPIC. Europe (Including Iceland and Greenland) 3 123 Program Services ACADEMIC INSTRUCTION 6696862 Middle East and North Africa 1 2 Program Services ACADEMIC INSTRUCTION 70537 East Asia and the Pacific 2 1 Program Services ACADEMIC INSTRUCTION 1017454 6 126 0 0 6 126 7784853 0 7784853 SCHOLARSHIPS Europe (Including Iceland and Greenland) 511 841775 APPLIED AGAINST TUITION false false true false false false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual Schedule F, Part III Method used to account for expenditures on org's financial statements EUROPE (INCLUDING ICELAND AND GREENLAND) -Accrual false false false false false false false James H Watters VICE CHAIR AND SECRETARY 0 578910 0 25026 0 15247 0 30500 0 16887 0 666570 0 0 Ellen M Granberg PRESIDENT 0 509278 0 19050 0 976 0 27450 0 20584 0 577338 0 0 Ian J Mortimer SECRETARY 0 373541 0 0 0 2843 0 27450 0 27562 0 431396 0 0 David C Munson DIRECTOR 0 883644 0 52875 0 46482 0 27450 0 73968 0 1084419 0 0 KEVIN A PURDY TREASURER 0 163437 0 7500 0 736 0 15159 0 5576 0 192408 0 0 Form 990, Part VI, Line 15 PROCESS USED TO ESTABLISH COMPENSATION THE TOP MANAGEMENT OFFICIAL AND OFFICERS OF RIT GLOBAL DELIVERY CORPORATION ARE COMPENSATED BY ROCHESTER INSTITUTE OF TECHNOLOGY (RIT OR UNIVERSITY), A RELATED ORGANIZATION. RIT UTILIZES THE FOLLOWING IN DETERMINING THE COMPENSATION OF THE TOP MANAGEMENT OFFICIALS: THE EXECUTIVE COMPENSATION SUBCOMMITTEE SHALL DECIDE UPON MATTERS OF EXECUTIVE SALARY AND BENEFITS, AND ANNUALLY SHALL REVIEW THE COMPENSATION OF THE OFFICERS OF THE UNIVERSITY, MAKING A RECOMMENDATION CONCERNING THE SAME TO THE EXECUTIVE COMMITTEE FOR ITS FINAL APPROVAL. THE PRESIDENT ANNUALLY WILL MEET WITH THE EXECUTIVE COMPENSATION SUBCOMMITTEE AND PROVIDE IT WITH AN EVALUATION OF THE OFFICERS OF THE UNIVERSITY OTHER THAN THE PRESIDENT, AND A PROPOSAL FOR THEIR COMPENSATION. THE CHAIR OF THE BOARD OF TRUSTEES ANNUALLY WILL MEET WITH THE EXECUTIVE COMPENSATION SUBCOMMITTEE AND PROVIDE IT WITH AN EVALUATION OF THE PRESIDENT AND A PROPOSAL FOR THE PRESIDENT'S COMPENSATION. BIENNIALLY THE EXECUTIVE COMPENSATION SUBCOMMITTEE UTILIZES VARIOUS TOOLS TO REVIEW THE COMPENSATION FOR THE OFFICERS: INDEPENDENT CONSULTANT AND COMPENSATION SURVEY BASED ON A SALARY ANALYSIS OF COMPARABLE POSITIONS IN LIKE CIRCUMSTANCES. Form 990, Part VI, Line 11b Review of form 990 by governing body PRIOR TO FILING THE FORM 990, IT WAS MADE AVAILABLE TO THE GOVERNING BODY FOR THEIR REVIEW VIA A SECURE WEBSITE. MANAGEMENT PROVIDED CONSTRUCTIVE NOTICE TO EACH MEMBER THAT THE RETURN WAS AVAILABLE ONLINE AND PROVIDED INSTRUCTIONS ON HOW TO ACCESS THE FORM. A BRIEF OVERVIEW OF THE RETURN WAS ALSO MADE AVAILABLE TO THE MEMBERS. Form 990, Part VI, Line 12c Conflict of interest policy RIT GLOBAL DELIVERY CORPORATION (GDC) IS A CONTROLLED ENTITY OF ROCHESTER INSTITUTE OF TECHNOLOGY (RIT OR UNIVERSITY). ALL MEMBERS OF THE GOVERNING BODY ARE ALSO EITHER A TRUSTEE OR OFFICER OF RIT, WHICH ALSO HAS A WRITTEN CONFLICT OF INTEREST POLICY. THE PRACTICES OF GDC LARGELY MIRROR THOSE OF RIT. MANAGEMENT CONTACTED THE REMAINING MEMBERS TO DETERMINE IF ANY CONFLICT OF INTEREST EXISTED. BELOW IS A DESCRIPTION OF RIT'S WRITTEN CONFLICT OF INTEREST POLICY: THE UNIVERSITY'S CONFLICT OF INTEREST POLICY APPLIES TO ALL MEMBERS OF THE BOARD OF TRUSTEES. ALL TRUSTEES AND OFFICERS ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST AS SOON AS POSSIBLE. ADDITIONALLY, ON AN ANNUAL BASIS, THE SECRETARY OF THE UNIVERSITY DISTRIBUTES A CONFLICT OF INTEREST DISCLOSURE FORM TO ALL TRUSTEES AND OFFICERS SOLICITING DISCLOSURE OF ANY ACTUAL OR POTENTIAL CONFLICTS. FOLLOWING THE RECEIPT OF INFORMATION CONCERNING A CONTRACT OR TRANSACTION INVOLVING A POTENTIAL CONFLICT OF INTEREST, THE SECRETARY OF THE UNIVERSITY WILL ARRANGE FOR THE CONFLICT OF INTEREST SUBCOMMITTEE TO CONSIDER THE MATERIAL FACTS CONCERNING THE FAIRNESS AND BUSINESS CASE OF THE PROPOSED CONTRACT OR TRANSACTION. THE COMMITTEE SHALL APPROVE ONLY THOSE CONTRACTS OR TRANSACTIONS IN WHICH THE TERMS ARE FAIR AND REASONABLE TO THE UNIVERSITY AND THE ARRANGEMENTS ARE CONSISTENT WITH THE BEST INTERESTS OF THE UNIVERSITY. IN ANY EVENT, SUCH MEMBERS WILL NEITHER VOTE, NOR DISCHARGE HIS/HER DUTIES WITH RESPECT TO ANY MATTER CONCERNING A CONFLICT. THE COMMITTEE SHALL SET FORTH THE BASIS FOR ITS DECISION WITH RESPECT TO APPROVAL OF CONTRACTS OR TRANSACTIONS INVOLVING CONFLICTS OF INTEREST IN THE MINUTES OF THE MEETING AT WHICH THE DECISION IS MADE, INCLUDING THE BASIS FOR DETERMINING THAT THE CONSIDERATION TO BE PAID IS FAIR TO THE UNIVERSITY. THE CONFLICT OF INTEREST CONFLICT OF COMMITMENT (ICIC) POLICY REQUIRES ALL REGULAR RIT FACULTY AND STAFF TO DISCLOSE POTENTIAL, REAL, OR PERCEIVED CONFLICTS OF INTEREST OR COMMITMENT ANNUALLY TO THEIR IMMEDIATE SUPERVISOR. ADDITIONALLY, THE ICIC POLICY REQUIRES THAT EMPLOYEES SUBMIT AN ANNUAL DISCLOSURE AND/OR A DISCLOSURE WHEN CIRCUMSTANCES CHANGE THAT MAY CREATE A POTENTIAL, REAL, OR PERCEIVED CONFLICT. Form 990, Part VI, Line 19 Required documents available to the public THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF ROCHESTER INSTITUTE OF TECHNOLOGY (RIT OR UNIVERSITY), THE PARENT ORGANIZATION OF RIT GLOBAL DELIVERY CORPORATION, ARE AVAILABLE AT THE UNIVERSITY'S WEBSITE AT WWW.RIT.EDU. OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part XII, Line 2c CONSOLIDATED FINANCIAL STATEMENTS THE FINANCIAL STATEMENTS OF RIT GLOBAL DELIVERY CORPORATION ARE CONSOLIDATED WITH THE STATEMENTS OF POSITION AND ACTIVITIES OF ROCHESTER INSTITUTE OF TECHNOLOGY (RIT OR UNIVERSITY). THE RISK AND AUDIT COMMITTEE OF RIT'S BOARD OF TRUSTEES HAS RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE CONSOLIDATED FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. RIT CROATIA EDUCATIONAL PURPOSES HR 5987479 6620209 RIT GLOBAL DELIVERY CORPORATION ROCHESTER INSTITUTE OF TECHNOLOGY Controller 46 LOMB MEMORIAL DRIVE ROCHESTER NY 14623 160743140 EDUCATIONAL PURPOSES NY 501(c)(3) 2 NA false RIT CAMPUS CLUB INC 39 LOMB MEMORIAL DRIVE ROCHESTER NY 146235603 161201526 SUPPORT RIT NY 501(c)(3) 11 ROCHESTER INSTITUTE OF TECHNOLOGY false false false false false false false false false false false false false false false false false false true false