Rochester Institute Of Technology

Organization Overview

Rochester Institute Of Technology is located in Rochester, NY. The organization was established in 1943. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2023, Rochester Institute Of Technology employed 11,647 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rochester Institute Of Technology is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Rochester Institute Of Technology generated $1.1b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $922.3m during the year ending 06/2022. While expenses have increased by 3.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Rochester Institute Of Technology has awarded 159 individual grants totaling $3,511,950. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

ROCHESTER INSTITUTE OF TECHNOLOGY (RIT) SHAPES THE FUTURE AND IMPROVES THE WORLD THROUGH CREATIVITY AND INNOVATION. AS AN ENGAGED, INTELLECTUALLY CURIOUS, AND SOCIALLY CONSCIOUS COMMUNITY, RIT LEVERAGES THE POWER OF TECHNOLOGY, THE ARTS, AND DESIGN FOR THE GREATER GOOD.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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%.


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.


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.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
President
$983,001
Name Not Listed
Trustee
$0
Name Not Listed
Trustee
$0
Name Not Listed
Trustee
$0
Name Not Listed
Trustee
$0
Name Not Listed
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Copper River Information Technology Llc
Router Support
$777,973
Lechase Construction Services Llc
Construction Services
$1,771,699
Hbt Architects Llp
Architect Services
$1,307,576
Bond Schoeneck & King Pllc
Legal Services
$618,580
Wheeler Joseph C (Dba Jw Renovations)
Renovation Services
$675,983
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$14,715
Related organizations$0
Government grants $181,600,094
All other contributions, gifts, grants, and similar amounts not included above$32,358,701
Noncash contributions included in lines 1a–1f $11,214,558
Total Revenue from Contributions, Gifts, Grants & Similar$213,973,510
Total Program Service Revenue$742,399,043
Investment income $20,331,652
Tax Exempt Bond Proceeds $893,984
Royalties $502,941
Net Rental Income -$451,949
Net Gain/Loss on Asset Sales $87,355,225
Net Income from Fundraising Events -$8,639
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,071,324,345

Grants Awarded

Over the last fiscal year, Rochester Institute Of Technology has awarded $577,853 in support to 30 organizations.

Grant RecipientAmount

AACSB INTERNATIONAL - THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS

PURPOSE: Sponsorship/Event Sponsorship

$19,900

AMERICAN SOCIETY FOR DEAF CHILDREN

PURPOSE: Event Sponsorship

$10,000

ALEXANDER GRAHAM BELL ASSOCIATION FOR THE DEAF AND HARD OF HEARING

PURPOSE: Event Sponsorship

$11,000

ASSOCIATION OF COLLEGE EDUCATORS OF THE DEAF AND HARD OF HEARING

PURPOSE: Event Sponsorship

$5,400

ATOMIC HANDS

PURPOSE: Sponsorship

$15,000

COMMUNICATION SERVICE FOR THE DEAF INC

PURPOSE: Event Sponsorship

$12,000
View Grant Profile

Peer Organizations

Organization NameAssets
Fordham University
Bronx, NY
$953,892,663
Rochester Institute Of Technology
Rochester, NY
$1,071,324,345
St Johns University New York
Jamaica, NY
$798,473,536
Villanova University
Villanova, PA
$781,809,892
Lehigh University
Bethlehem, PA
$695,392,244
Rockefeller University
New York, NY
$535,346,959
Rensselaer Polytechnic Institute
Troy, NY
$616,594,821
The New School
New York, NY
$468,399,427
Hofstra University
Hempstead, NY
$606,887,297
Seton Hall University
South Orange, NJ
$526,525,000
American University Of Beirut
New York, NY
$608,300,843
Quinnipiac University
Hamden, CT
$533,471,085
Brandeis University
Waltham, MA
$399,602,478
Duquesne University Of The Holy Spirit
Pittsburgh, PA
$444,411,178
Bar Ilan University In Israel
New York, NY
$478,485,822
The Trustees Of The Stevens Institute Of Technology
Hoboken, NJ
$466,449,861
Sacred Heart University
Fairfield, CT
$476,875,710
Worcester Polytechnic Institute
Worcester, MA
$398,152,961
Long Island University
Brookville, NY
$438,322,403
President & Fellows Of Middlebury College
Middlebury, VT
$387,918,222
Suffolk University
Boston, MA
$381,571,833
Yeshiva University
New York, NY
$354,803,319
Bucknell University
Lewisburg, PA
$288,902,813
Fairfield University
Fairfield, CT
$341,786,596
University Of New Haven
West Haven, CT
$344,725,446

Create an account to unlock the data you need.

or