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Rochester Institute of Technology

Public charityFed auditsIRS 990990-T FY2023
DBA: % CONTROLLER
Other · ROCHESTER, NY · EIN 16-0743140

About

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.

In care of Controller

Donations are tax-deductible
Category
Other
Employees
11,647
Volunteers
3,536

Financial Snapshot

FY ending 2023-06-30
Revenue
$1.0B
Expenses
$997.2M
Assets
$2.7B
Liabilities
$715.5M

Financial history

$1.1B$535.7M$0
1617181920212223
RevenueExpenses
Latest FY2023: $1.0B · Peak FY2022: $1.1B · Avg: $879.7M

Foreign activity (Schedule F)

Total spent abroad$368.3M
Foreign employees0
Foreign offices0
Foreign partnership interestYes
Foreign trust interestNo
RegionActivitySpent
Central America and the Caribbean
Europe (Including Iceland and Greenland)
North America (Canada & Mexico only)
Middle East and North Africa

501(h) election

This 501(c)(3) elected the 501(h) safe-harbor — lobbying expenditures are capped under a clear dollar formula instead of the "insubstantial part" standard.

Political & Grant Activity

Campaign Spending
Lobbying
$420K
Grants Given
$353.5M
ROCHESTER INSTITUTE OF TECHNOLOGY
Your actions

Address

46 LOMB Memorial DR
Rochester, NY, 14623-560

Governance

Voting board members40
Independent members37
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %53.7%
Permanent endowment %46.1%
Endowment held by related orgNo

Fundraising activity (Schedule G)

Uses professional fundraisersYes
Gross fundraising receipts$0
Net to org-$194K
Retained by contractors$194K
ChannelsMail · Phone · Email · In-person · Grant solicitation
Public records
ProPublica Nonprofit Explorer
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.