Form990
Department of the Treasury
Internal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation)

MediumBullet The organization may have to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0047
2011
Open to Public Inspection
A For the calendar year, or tax year beginning 07-01-2011 and ending 06-30-2012
BCheck if applicable:
CName of organization
Rochester Institute of Technology
 
Doing Business As
 
 
Number and street (or P.O. box if mail is not delivered to street address)
7 Lomb Memorial Drive
 
Room/suite
City or town, state or country, and ZIP + 4
Rochester, NY14623
D Employer identification number

16-0743140
E Telephone number

G Gross receipts $ 757,344,924
F Name and address of principal officer:
William Destler
7 Lomb Memorial Drive
Rochester,NY14623
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
www.rit.edu
H(a)
Is this a group return for
affiliates?
H(b)
Are all affiliates included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 1905
M State of legal domicile: NY
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: RITs mission is to provide a broad range of career-oriented educational programs with the goal of producing innovative, creative graduates who are well-prepared for their chosen careers in a global society.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a)..... 3 57
4 Number of independent voting members of the governing body (Part VI, line 1b) .... 4 54
5 Total number of individuals employed in calendar year 2011 (Part V, line 2a) ... 5 12,152
6 Total number of volunteers (estimate if necessary) .... 6 3,131
7a Total unrelated business revenue from Part VIII, column (C), line 12 .. 7a 3,308,829
b Net unrelated business taxable income from Form 990-T, line 34 .. 7b -2,823,662
Revenues; Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 125,153,579 133,615,147
9 Program service revenue (Part VIII, line 2g) ......... 442,479,195 470,360,956
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 24,663,760 46,724,958
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 11,356,062 9,226,456
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 603,652,596 659,927,517
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 129,298,642 139,791,948
14 Benefits paid to or for members (Part IX, column (A), line 4).....   0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 315,251,754 311,251,659
16a Professional fundraising fees (Part IX, column (A), line 11e).....   0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet8,557,383    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24f).... 130,377,567 158,840,317
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 574,927,963 609,883,924
19 Revenue less expenses. Subtract line 18 from line 12....... 28,724,633 50,043,593
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 1,462,494,283 1,490,565,991
21 Total liabilities (Part X, line 26)............. 475,174,098 485,079,509
22 Net assets or fund balances. Subtract line 21 from line 20..... 987,320,185 1,005,486,482
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title.
Paid preparer use only
Print/type preparer's name
 
Preparer's signature
Date
PTIN
Firm's name Right pointing arrowhead image

Firm's EIN Right pointing arrowhead image
Firm's address Right pointing arrowhead image



Phone no.
May the IRS discuss this return with the preparer shown above? See instructions .........bullet
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y
Form 990 (2011)
Form 990 (2011)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response to any question in this Part III .........
1
Briefly describe the organization’s mission: RITs mission is to provide a broad range of career-oriented educational programs with the goal of producing innovative, creative graduates who are well-prepared for their chosen careers in a global society.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ....................
If “Yes,” describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program services? ..........................
If “Yes,” describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations and section 4947(a)(1) trusts are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 407,139,920 including grants of $ 136,332,696 ) (Revenue $ 385,690,808 )
Instruction and Academic Support - Established in 1829, RIT is a private coeducational university located in upstate New York, with approximately 17,650 full and part-time undergraduate and graduate students. RIT is comprised of nine colleges offering more than 200 graduate and undergraduate programs. NTID National Technical Institute for the Deaf, one of RITs colleges, is the worlds first and largest technical college for deaf students with approximately 1,547 students from the United States and abroad. For the past 20 years, US News and World Report has ranked RIT first or second in academic reputation among regional universities in the North. Over the preceding 10 years, total Fall enrollment has increased 2,554 full time equivalents FTEs or 21.3 from 12,018 in 2001 to 14,572 in 2011. Total scholarships increased 8.1 over the prior year and institutionally funded scholarships increased by 8.7 over the prior year.
4b (Code:   ) (Expenses $ 108,173,330 including grants of $ 72,468 ) (Revenue $ 76,590,873 )
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 RITs educational mission. These services include housing operations and dining services. Sales Services of auxiliary enterprises generated total revenue of 69 million, an increase of 5.2 million over the prior year. Surpluses from auxiliary operations support the operating budget of the University.
4c (Code:   ) (Expenses $ 41,176,638 including grants of $ 3,384,664 ) (Revenue $ 8,079,275 )
Research and Public Support - RIT engages in public service activities that benefit the general community, in which it resides, including training, postsecondary education for 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 our reputation in the scientific and technical communities in support of, or in concert with the Universitys exempt mission, while providing positive returns to our sponsoring partners. As articulated in RITs strategic plan, the University continues to place emphasis on its revenue growth in the research portfolio.
4d Other program services (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet$ 556,489,888
Form 990 (2011)
Form 990 (2011)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If “Yes,” complete Schedule AClick to see attachment.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors? ........
2
 
No
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If “Yes,” complete Schedule C, Part I..........
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities? If “Yes,” complete Schedule C,
Part IIClick to see attachment.........................
4
Yes
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If “Yes,” complete Schedule C, Part III........................
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If “Yes,” complete Schedule D, Part I....................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas or historic structures? If “Yes,” complete Schedule D, Part IIClick to see attachment...
7
Yes
 
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If “Yes,” complete Schedule D, Part III Click to see attachment....................
8
Yes
 
9
Did the organization report an amount in Part X, line 21; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If “Yes,”
complete Schedule D, Part IV...................
9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If “Yes,” complete Schedule D, Part VClick to see attachment
10
Yes
 
11
If the organization’s answer to any of the following questions is ‘Yes,’ then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable:
a
Did the organization report an amount for land, buildings, and equipment in Part X, line10? If “Yes,” complete Schedule D, Part VI.Click to see attachment
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VII.Click to see attachment
11b
Yes
 
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VIII.
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part IX.
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If “Yes,” complete Schedule D, Part X.Click to see attachment
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If “Yes,” complete Schedule D, Part X.Click to see attachment
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year?
If “Yes,” complete Schedule D, Parts XI, XII, and XIII
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If “Yes,” and if the organization answered ‘No’ to line 12a, then completing Schedule D, Parts XI, XII, and XIII is optional Click to see attachment
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If “Yes,” complete Schedule EClick to see attachment
13
Yes
 
14a
Did the organization maintain an office, employees, or agents outside of the United States?....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States or aggregate foreign investments valued at $100,000 or more? If “Yes,” complete Schedule F, Part I......... Click to see attachment
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any organization or entity located outside the U.S.? If “Yes,” complete Schedule F, Part II.. Click to see attachment
15
Yes
 
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance to individuals located outside the U.S.? If “Yes,” complete Schedule F, Part III..
16
 
No
17
Did the organization report a total of more than $15,000, of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If “Yes,” complete Schedule G, Part I
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If “Yes,” complete Schedule G, Part II.......... Click to see attachment
18
Yes
 
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If “Yes,” complete Schedule G, Part III...................
19
 
No
20a
Did the organization operate one or more hospitals? If “Yes,” complete Schedule H.....
20a
 
No
b
If “Yes” to line 20a, did the organization attach a copy of its audited financial statement to this return? Note. All Form 990 filers that operated one or more hospitals must attach audited financial statements.
20b
 
 
Form 990 (2011)
Form 990 (2011)
Page 4
Part IV
Checklist of Required Schedules (continued)
21
Did the organization report more than $5,000 of grants and other assistance to any government or organization in the United States on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.. Click to see attachment
21
Yes
 
22
Did the organization report more than $5,000 of grants and other assistance to individuals in the United States on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III..... Click to see attachment
22
Yes
 
23
Did the organization answer “Yes” to Part VII, Section A, questions 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If “Yes,” complete Schedule J................ Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer questions 24b–24d and complete Schedule K. If “No,” go to line 25................ Click to see attachment
24a
Yes
 
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
No
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................
24c
 
No
d
Did the organization act as an “on behalf of” issuer for bonds outstanding at any time during the year?...
24d
 
No
25a
Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If “Yes,” complete Schedule L, Part I......
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If “Yes,” complete Schedule L, Part I................
25b
 
No
26
Was a loan to or by a current or former officer, director, trustee, key employee, highly compensated employee, or disqualified person outstanding as of the end of the organization’s tax year? If “Yes,” complete Schedule L,
Part II.........................
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If “Yes,” complete Schedule L, Part III.........
27
 
No
28
Was the organization a party to a business transaction with one of the following parties? (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If “Yes,” complete Schedule L, Part IV .........................
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If “Yes,”
complete Schedule L, Part IV...................
28b
 
No
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or owner? If “Yes,” complete Schedule L, Part IV.. Click to see attachment
28c
Yes
 
29
Did the organization receive more than $25,000 in non-cash contributions? If “Yes,” complete Schedule MClick to see attachment
29
Yes
 
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If “Yes,” complete Schedule M............ Click to see attachment
30
Yes
 
31
Did the organization liquidate, terminate, or dissolve and cease operations? If “Yes,” complete Schedule N,
Part I...........................
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If “Yes,” complete Schedule N, Part II.......................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If “Yes,” complete Schedule R, Part I........ Click to see attachment
33
Yes
 
34
Was the organization related to any tax-exempt or taxable entity? If “Yes,” complete Schedule R, Parts II, III, IV, and V, line 1..................... Click to see attachment
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
Yes
 
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If “Yes,” complete Schedule R, Part V, line 2... Click to see attachment
35b
Yes
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If “Yes,” complete Schedule R, Part V, line 2...........
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If “Yes,” complete Schedule R, Part VI
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11 and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2011)
Form 990 (2011)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response to any question in this Part V .........
Yes
No
1a
Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicable. .......
1a
1,218
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable.
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements filed for the calendar year ending with or within the year covered by this return .....................
2a
12,152
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?

Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file. (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?.............................
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No,” provide an explanation in Schedule O.....
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account or securities account)?.......................
4a
Yes
 
b
If "Yes," enter the name of the foreign country: MediumBulletHR
See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If “Yes” to line 5a or 5b, did the organization file Form 8886-T? ........
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible?..........
6a
 
No
b
If “Yes,” did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................
7a
Yes
 
b
If “Yes,” did the organization notify the donor of the value of the goods or services provided?.....
7b
Yes
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................
7c
 
No
d
If “Yes,” indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?..........................
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?...................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?...............
7h
 
 
8
Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting organizations. Did the supporting organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year?................
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the organization make any taxable distributions under section 4966?.........
9a
 
 
b
Did the organization make a distribution to a donor, donor advisor, or related person?......
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them) ........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If “Yes,” enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. All 501(c)(29) organizations must list in Schedule O each state in which they are licensed to issue qualified health plans, the amount of reserves required by each state, and the amount of reserves the organization allocated to each state.
13a
 
 
b
Enter the aggregate amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans.
13b
 
c
Enter the aggregate amount of reserves on hand.
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
 
b
If "Yes," has it filed a Form 720 to report these payments? If “No,” provide an explanation in Schedule O..
14b
 
 
Form 990 (2011)
Form 990 (2011)
Page 6
Part VI
Governance, Management, and Disclosure For each “Yes” response to lines 2 through 7b below, and for a “No” response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response to any question in this Part VI .........
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year
If the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
1a
57
b
Enter the number of voting members included in line 1a, above, who are independent .................
1b
54
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
Yes
 
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed?
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
 
No
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? .................
7a
 
No
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ............
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .........................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ..........
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If “Yes,” provide the names and addresses in Schedule O .....
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal
Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If “Yes,” did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes? ....
10b
 
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form?
11a
Yes
 
b
Describe in Schedule O the process, if any, used by the organization to review the Form 990. .....
12a
Did the organization have a written conflict of interest policy? If “No,” go to line 13.......
12a
Yes
 
b
Were officers, directors or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If “Yes,” describe in Schedule O how this was done ....................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes," to line 15a or 15b, describe the process in Schedule O (see instructions).
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
 
No
b
If “Yes,” did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
NY
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how), the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, physical address, and telephone number of the person who possesses the books and records of the organization: MediumBullet
Lyn Kelly
7 Lomb Memorial Drive
Rochester,NY146235603
(585) 475-2383
Form 990 (2011)
Form 990 (2011)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response to any question in this Part VII .........
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation, and current key employees. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organizations compensated any current or former officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (describe hours for related organizations in Schedule O) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(1) William W Destler
President
 40.00 X   X       768,300 0 76,555
(2) Jeremy A Haefner
Provost and SVP Academic Affairs
 40.00     X       390,046 0 98,578
(3) James G Miller
SVP Enrollment Mgmt and Career Svcs
 40.00     X       316,921 0 28,367
(4) James H Watters
SVP Finance and Administration
 40.00     X       413,085 0 67,168
(5) Mary-Beth A Cooper
SVP Student Affairs
 40.00     X       236,761 0 32,727
(6) Lisa A Cauda
VP Development and Alumni Relations
 40.00     X       247,862 0 28,317
(7) Kevin McDonald
VP and Assoc Provost for Diversity and Inclusion
 40.00     X       207,597 0 58,302
(8) Katherine J Mayberry
VP for Strategic Planning and Special Initiatives
 40.00     X       211,397 0 29,349
(9) Deborah M Stendardi
VP Govt and Community Relations
 40.00     X       220,132 0 31,064
(10) Daniel Ornt
VP and Dean of Inst of Health Sciences and Tech
 40.00     X       66,917 0 3,162
(11) Ryne Raffaelle
VP for Research and Assoc Provost
 40.00     X       123,112 0 17,332
(12) Gerard Buckley
President NTID, VP and Dean RIT
 40.00     X       268,717 0 64,721
(13) Karen A Barrows
Secretary of the Inst and Chief of Staff
 40.00     X       106,715 0 14,877
(14) Donald O Baker
Exec Dir Center for Quality and Appl Statistics
 40.00         X   236,666 0 19,533
(15) Donald F Figer
Prof and Dir Center for Detectors
 40.00         X   259,193 0 26,947
(16) Nabil Z Nasr
Asst Provost, Dir Golisano Inst of Sustainability
 40.00         X   362,648 0 34,005
(17) Ashok Rao
Dean E Philip Saunders College of Business
 40.00         X   321,226 0 26,019
Form 990 (2011)
Form 990 (2011)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (describe hours for related organizations in Schedule O) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(18) John R Schott
Wiedman Chair and Professor
 40.00         X   243,236 0 31,149
(19) Willem Appelo
Trustee
 .10 X           0 0 0
(20) Kathleen C Anderson
Trustee
 .10 X           0 0 0
(21) Donald N Boyce
Trustee
 .10 X           0 0 0
(22) Andrew N Brenneman
Trustee
 .10 X           0 0 0
(23) Irene Taylor Brodsky
Trustee
 .10 X           0 0 0
(24) Charles S Brown Jr
Trustee
 .10 X           0 0 0
(25) William A Buckingham
Trustee
 .10 X           0 0 0
(26) David J Burns
Trustee
 .10 X           0 0 0
(27) Ann L Burr
Trustee
 .10 X           0 0 0
(28) Essie L Calhoun-McDavid
Trustee
 .10 X           0 0 0
(29) Mark C Clement
Trustee
 .10 X           0 0 0
(30) Thomas A Curley
Trustee
 .10 X           0 0 0
(31) Robert Dobies
Trustee
 .10 X           0 0 0
(32) Nancy L Fein
Trustee
 .10 X           0 0 0
(33) B Thomas Golisano
Trustee
 .10 X           0 0 0
(34) Arthur A Gosnell
Trustee
 .10 X           0 0 0
(35) Brian H Hall
Trustee
 .10 X           0 0 0
(36) Jeffrey K Harris
Trustee
 .10 X           0 0 0
(37) Frank S Hermance
Trustee
 .10 X           0 0 0
(38) Susan R Holliday
Trustee
 .10 X           0 0 0
(39) Jay T Holmes
Trustee
 .10 X           0 0 0
(40) Samuel T Hubbard Jr
Trustee
 .10 X           0 0 0
(41) Thomas F Judson Jr
Trustee
 .10 X           0 0 0
(42) Richard A Kaplan
Trustee
 .10 X           0 0 0
(43) Kraig H Kayser
Trustee
 .10 X           0 0 0
(44) Joyce B Klemmer
Trustee
 .10 X           0 0 0
(45) David Koretz
Trustee
 .10 X           0 0 0
(46) Gary J Lindsay
Trustee
 .10 X           0 0 0
(47) Joseph M Lobozzo II
Trustee
 .10 X           0 0 0
(48) Roosevelt Mercer Jr
Trustee
 .10 X           0 0 0
(49) Donald L Boyd
Former Officer Retired 6/30/2011
 40.00           X 123,362 0 12,181
(50) Harold M Mowl Jr
Trustee
 .10 X           0 0 0
(51) Brian P O'Shaughnessy
Trustee
 .10 X           0 0 0
(52) Sandra A Parker
Trustee
 .10 X           0 0 0
(53) Wolfgang Pfizenmaier
Trustee
 .10 X           0 0 0
(54) Gerard Q Pierce
Trustee
 .10 X           0 0 0
(55) Susan M Puglia
Trustee
 .10 X           0 0 0
(56) Robert W Rice
Trustee
 .10 X           0 0 0
(57) Thomas S Richards
Trustee
 .10 X           0 0 0
(58) Susan J Riley
Trustee
 .10 X           0 0 0
(59) Richard E Sands
Trustee
 .10 X           0 0 0
(60) Janet F Sansone
Trustee
 .10 X           0 0 0
(61) Carl E Sassano
Trustee
 .10 X           0 0 0
(62) Stephen L Schultz
Trustee
 .10 X           0 0 0
(63) Frank S Sklarsky
Trustee
 .10 X           0 0 0
(64) Kevin J Surace
Trustee
 .10 X           0 0 0
(65) Sharon Ting
Trustee
 .10 X           0 0 0
(66) Harry P Trueheart III
Trustee
 .10 X           0 0 0
(67) Donald J Truesdale
Trustee
 .10 X           0 0 0
(68) Judy B von Bucher
Trustee
 .10 X           0 0 0
(69) Chester N Watson
Trustee
 .10 X           0 0 0
(70) Robert D Wayland-Smith
Trustee
 .10 X           0 0 0
(71) Christine B Whitman
Trustee
 .10 X           0 0 0
(72) Ronald L Zarella
Trustee
 .10 X           0 0 0
(73) Brooks H Bower
Trustee
 .10 X           0 0 0
(74) Robert D Moore Jr
Trustee
 .10 X           0 0 0
(75) Kim E VanGelder
Trustee
 .10 X           0 0 0
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 5,123,893   700,353
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organizationMediumBullet393
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If “Yes,” complete Schedule J for such individual .............
3
Yes
 
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If “Yes,” complete Schedule J for such individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If “Yes,” complete Schedule J for such person .....
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
SimplexGrinnell LP
90 Goodway Drive
Rochester,NY14623 		Fire Safety 1,127,454
Wiljeff LLC
1265 Scottsville Rd
Rochester,NY14624 		Rent 803,433
Frederico Construction & Demolition LLC
1005 Chili Ave Suite 1
Rochester,NY14611 		Construction 620,634
DDS Constructors LLC
240 Commerce Drive
Rochester,NY14623 		Land Development 348,617
Sherwood Food Distributors
16625 Granite Rd
Maple Hts,OH44137 		Convenience Store Products 322,007
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet16
Form 990 (2011)
Form 990 (2011)
Page 9
Part VIII
Statement of Revenue
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512, 513, or 514
Contributions, Gifts, Grants and Other Similar Amounts 1a Federated campaigns..1a  
b Membership dues....1b  
c Fundraising events....1c 40,512
d Related organizations...1d  
e Government grants (contributions)1e 109,630,650
f All other contributions, gifts, grants, and
similar amounts not included above1f 		23,943,985
g Noncash contributions included in lines 1a-1f:$ 3,789,468
h Total. Add lines 1a-1f.......MediumBullet 133,615,147
Program Service Revenue Business Code
2a Tuition 900,099 390,679,629 390,679,629    
b Auxiliary Services 721,000 60,599,942     60,599,942
c Research 900,099 4,782,095   598,498 4,183,597
d Noncredit Instruction 900,099 3,862,215 3,862,215    
e Fees 713,990 1,737,061 1,737,061    
f All other program service revenue . 8,700,014 6,133,933 446,403 2,119,678
g Total. Add lines 2a–2f........MediumBullet 470,360,956
Other Revenue 3 Investment income (including dividends, interest
and other similar amounts).....MediumBullet 13,181,054   -1,814,329 14,995,383
4 Income from investment of tax-exempt bond proceeds..MediumBullet 174,474     174,474
5 Royalties............MediumBullet 261,189     261,189
(i) Real (ii) Personal
6a Gross rents 424,611  
b Less: rental expenses 128,738  
c Rental income or (loss) 295,873  
d Net rental income or (loss).......MediumBullet 295,873     295,873
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 130,592,659 13,090
b Less: cost or other basis and sales expenses 96,808,779 427,540
c Gain or (loss) 33,783,880 -414,450
d Net gain or (loss)..........MediumBullet 33,369,430     33,369,430
8a Gross income from fundraising events (not including
$ 40,512
of contributions reported on line 1c). See Part IV, line 18 ...
a 30,141
b Less: direct expenses ...b 52,350
c Net income or (loss) from fundraising events..MediumBullet -22,209   -22,209
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities...MediumBullet        
10a Gross sales of inventory, less
returns and allowances .
a  
b Less: cost of goods sold ..b  
c Net income or (loss) from sales of inventory..MediumBullet        
Miscellaneous Revenue Business Code
11a RIT Inn and Conference Center 721,110 3,534,128   3,534,128  
b Bookstore Commissions 451,211 972,474     972,474
c Margarets House 624,410 818,697     818,697
d All other revenue .... 3,366,304 2,046,828 544,129 775,347
e Total. Add lines 11a–11d ......MediumBullet 8,691,603
12 Total revenue. See Instructions....MediumBullet 659,927,517 404,459,666 3,308,829 118,543,875
Form 990 (2011)
Form 990 (2011)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A) but are not required to complete columns (B), (C), and (D).
Check if Schedule O contains a response to any question in this Part IX. .........
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to governments and organizations in the United States. See Part IV, line 21 397,156 397,156
2 Grants and other assistance to individuals in the United States. See Part IV, line 22 139,319,115 139,319,115
3 Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16 75,677 75,677
4 Benefits paid to or for members 0  
5 Compensation of current officers, directors, trustees, and key employees .... 4,060,811 1,488,068 2,209,276 363,467
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .... 0      
7 Other salaries and wages 232,918,534 210,529,421 17,736,606 4,652,507
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 18,175,338 16,144,759 1,647,905 382,674
9 Other employee benefits ....... 40,235,430 36,791,405 1,733,823 1,710,202
10 Payroll taxes ........... 15,861,546 14,089,468 1,438,120 333,958
11 Fees for services (non-employees):        
a Management ...... 278,965 101,050 177,915  
b Legal ......... 953,333 424,704 475,993 52,636
c Accounting ........... 245,067   245,067  
d Lobbying ........... 379,425   379,425  
e Professional fundraising. See Part IV, line 17..    
f Investment management fees ...... 129,089   129,089  
g Other .......... 21,919,832 17,938,874 3,921,269 59,689
12 Advertising and promotion .... 857,412 755,837 62,289 39,286
13 Office expenses ....... 38,195,506 33,684,473 4,090,408 420,625
14 Information technology ...... 4,728,067 4,001,813 688,943 37,311
15 Royalties .. 23,250 23,250    
16 Occupancy ........... 12,524,538 12,037,606 486,644 288
17 Travel ............ 11,773,796 10,070,490 1,310,300 393,006
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ...... 0      
19 Conferences, conventions, and meetings .... 6,458 6,458    
20 Interest ........... 9,688,649 9,017,226 671,423  
21 Payments to affiliates ....... 0      
22 Depreciation, depletion, and amortization ..... 32,798,261 30,158,529 2,639,732  
23 Insurance .............. 1,404,073 1,357,342 46,731  
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24f. If line 24f amount exceeds 10% of line 25, column (A) amount, list line 24f expenses on Schedule O.)
a Postretirement Benefits FAS 106 21,477,223 19,077,752 2,348,951 50,520
b Nonoperating Asset Retirement Obligation -1,381,931 -1,381,931    
c Bad Debt Expense 2,499,900 801,812 1,698,088  
d Gain on Property Acquisition -757,084 -757,084    
e
f All other expenses 1,096,488 336,618 698,656 61,214
25 Total functional expenses. Add lines 1 through 24f 609,883,924 556,489,888 44,836,653 8,557,383
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2011)
Form 990 (2011)
Page 11
Part X Balance Sheet
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash—non-interest-bearing .......... 14,453,462 1 18,417,483
2 Savings and temporary cash investments ....... 53,538,660 2 34,671,972
3 Pledges and grants receivable, net ......... 34,329,615 3 40,729,046
4 Accounts receivable, net ......... 63,565,768 4 59,402,124
5 Receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..........   5  
6 Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B). Complete Part II of
Schedule L ..........   6  
7 Notes and loans receivable, net .............   7  
8 Inventories for sale or use .............. 1,991,203 8 1,922,401
9 Prepaid expenses and deferred charges ............ 6,113,779 9 6,194,082
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 952,364,403
b Less: accumulated depreciation. ..... 10b 371,506,270 533,585,843 10c 580,858,133
11 Investments—publicly traded securities .......... 339,155,997 11 317,832,095
12 Investments—other securities. See Part IV, line 11 ...... 413,296,324 12 427,687,458
13 Investments—program-related. See Part IV, line 11 ..   13  
14 Intangible assets .........   14  
15 Other assets. See Part IV, line 11 ........... 2,463,632 15 2,851,197
16 Total assets. Add lines 1 through 15 (must equal line 34)... 1,462,494,283 16 1,490,565,991
Liabilities 17 Accounts payable and accrued expenses . 52,131,564 17 54,800,977
18 Grants payable ..........   18  
19 Deferred revenue .......... 30,175,718 19 26,382,322
20 Tax-exempt bond liabilities .......... 228,044,690 20 222,912,046
21 Escrow or custodial account liability. Complete Part IV of Schedule D..   21  
22 Payables to current and former officers, directors, trustees, key
employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L..........   22  
23 Secured mortgages and notes payable to unrelated third parties ..   23  
24 Unsecured notes and loans payable to unrelated third parties ....   24  
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D..... 164,822,126 25 180,984,164
26 Total liabilities. Add lines 17 through 25..... 475,174,098 26 485,079,509
Net Assets or Fund Balance Organizations that follow SFAS 117, check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets ..... 640,056,352 27 659,256,194
28 Temporarily restricted net assets ..... 215,262,911 28 213,088,798
29 Permanently restricted net assets ..... 132,000,922 29 133,141,490
Organizations that do not follow SFAS 117, check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds .....   30  
31 Paid-in or capital surplus, or land, building or equipment fund .....   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ..... 987,320,185 33 1,005,486,482
34 Total liabilities and net assets/fund balances ..... 1,462,494,283 34 1,490,565,991
Form 990 (2011)
Form 990 (2011)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response to any question in this Part XI .........
1
Total revenue (must equal Part VIII, column (A), line 12) ...
1
659,927,517
2
Total expenses (must equal Part IX, column (A), line 25) ....
2
609,883,924
3
Revenue less expenses. Subtract line 2 from line 1 ...
3
50,043,593
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
987,320,185
5
Other changes in net assets or fund balances (explain in Schedule O) ...
5
-31,877,296
6
Net assets or fund balances at end of year. Combine lines 3, 4, and 5 (must equal Part X, line 33, column (B)) ....
6
1,005,486,482
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response to any question in this Part XII .........
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?....
2a
 
No
b
Were the organization’s financial statements audited by an independent accountant?........
2b
Yes
 
c
If “Yes,” to 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant? If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O. ...........................
2c
Yes
 
d
If “Yes” to line 2a or 2b, check a box below to indicate whether the financial statements for the year were issued on a separate basis, consolidated basis, or both:
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133? ................
3a
Yes
 
b
If “Yes,” did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits. ..
3b
Yes
 
Form 990 (2011)
Additional Data


Software ID: 11000218
Software Version: 2011.0.0
Form 990, Special Condition Description:
Special Condition Description
SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ. right arrow See separate instructions.
OMB No. 1545-0047
2011
Open to Public
Inspection
Name of the organization
Rochester Institute of Technology
 
Employer identification number

16-0743140
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
f
g
(i) a person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the the supported organization? ................
11g(i)
 
 
(ii) a family member of a person described in (i) above? ......................
11g(ii)
 
 
(iii) a 35% controlled entity of a person described in (i) or (ii) above? ................
11g(iii)
 
 
h
(i)
Name of supported organization 		(ii)
EIN 		(iii)
Type of organization (described on lines 1- 9 above or IRC section (see instructions)) 		(iv)
Is the organization in col. (i) listed in your governing document? 		(v)
Did you notify the organization in col. (i) of your support? 		(vi)
Is the organization in col. (i) organized in the U.S.? 		(vii)
Amount of support?
Yes No Yes No Yes No
Total                  

For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2011
Schedule A (Form 990 or 990-EZ) 2011
Page 2
Part II
Support Schedule for Organizations Described in IRC 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year(or fiscal year beginning in) (a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....            
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......            
3 The value of services or facilities furnished by a governmental unit to the organization without charge..            
4 Total. Add lines 1 through 3..            
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..            
6 Public Support. Subtract line 5 from line 4.            
Section B. Total Support
Calendar year(or fiscal year beginning in) (a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (f) Total
7 Amounts from line 4..            
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
9 Net income from unrelated business activities, whether or not the business is regularly carried on..            
10 Other income. (Explain in Part IV.) Do not include gain or loss from the sale of capital assets..            
11 Total support (Add lines 7 through 10).            
12
12
 
13
Section C. Computation of Public Support Percentage
14
14
0 %
15
15
 
16a
b
17a
b
18
Schedule A (Form 990 or 990-EZ) 2011
Schedule A (Form 990 or 990-EZ) 2011
Page 3
Part III
Support Schedule for Organizations Described in IRC 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year(or fiscal year beginning in) (a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .            
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......            
3 Gross receipts from activities that are not an unrelated trade or business under section 513..            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge..            
6 Total. Add lines 1 through 5.            
7a Amounts included on lines 1, 2, and 3 received from disqualified persons...            
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.            
c Add lines 7a and 7b..            
8 Public Support (Subtract line 7c from line 6.)            
Section B. Total Support
Calendar year (or fiscal year beginning in) (a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (f) Total
9 Amounts from line 6...            
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b.            
11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)            
13 Total support (Add lines 9, 10c, 11 and 12.).            
14
Section C. Computation of Public Support Percentage
15
15
0 %
16
16
 
Section D. Computation of Investment Income Percentage
17
17
0 %
18
18
 
19a
b
20
Schedule A (Form 990 or 990-EZ) 2011
Schedule A (Form 990 or 990-EZ) 2011
Page 4
Part IV
Supplemental Information. Supplemental Information. Complete this part to provide the explanation required by Part II, line 10; Part II, line 17a or 17b; or Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Explanation
 
 
 
 
Schedule A (Form 990 or 990-EZ) 2011

Additional Data


Software ID: 11000218
Software Version: 2011.0.0
SCHEDULE C
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527
SchCMd Bullet Complete if the organization is described below.
SchCMd Bullet Attach to Form 990 or Form 990-EZ. SchCMd Bullet See separate instructions.
OMB No. 1545-0047
2011
Open to Public
Inspection
If the organization answered “Yes” to Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet Section 527 organizations: Complete Part I-A only.
If the organization answered “Yes” to Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)) Complete Part II-A. Do not complete Part II-B.
Round Bullet Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered “Yes” to Form 990, Part IV, Line 5 (Proxy Tax) or Form 990-EZ, line 35c (Proxy Tax), then
Round Bullet Section 501(c)(4), (5), or (6) organizations: Complete Part III.
Name of the organization
Rochester Institute of Technology
 
Employer identification number

16-0743140
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

1
Provide a description of the organization’s direct and indirect political campaign activities in Part IV.
2
Political expenditures ....................................SchCMd Bullet
$  
3
Volunteer hours ........................................
 

Part I-B
Complete if the organization is exempt under section 501(c)(3).
1
Enter the amount of any excise tax incurred by the organization under section 4955 .........SchCMd Bullet
$  
2
Enter the amount of any excise tax incurred by organization managers under section 4955 ......SchCMd Bullet
$  
3
If the organization incurred a section 4955 tax, did it file Form 4720 for this year? ..............
4a
Was a correction made? .........................................
b
If "Yes," describe in Part IV.
Part I-C
Complete if the organization is exempt under section 501(c) except section 501(c)(3).
1
Enter the amount directly expended by the filing organization for section 527 exempt function activities SchCMd Bullet
$  
2
Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ...................................SchCMd Bullet

$  
3
Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b..SchCMd Bullet

$  
4
Did the filing organization file Form 1120-POL for this year? ..........................
5
Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.
(a) Name (b) Address (c) EIN (d) Amount paid from filing organization's funds. If none, enter -0-. (e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.










For Privacy Act and Paperwork Reduction Act Notice, see the instructions for Form 990.
Cat. No. 50084S
Schedule C (Form 990 or 990-EZ) 2011

Schedule C (Form 990 or 990-EZ) 2011
Page 2
Part II-A
Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).
A Check expenses, and share of excess lobbying expenditures).
B Check
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.) 		(a) Filing
organization's
totals 		(b) Affiliated group
totals
1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ......    
b Total lobbying expenditures to influence a legislative body (direct lobbying) ....... 395,962  
c Total lobbying expenditures (add lines 1a and 1b) ................... 395,962  
d Other exempt purpose expenditures ........................ 556,093,926  
e Total exempt purpose expenditures (add lines 1c and 1d) ............... 556,489,888  
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		 1,000,000  
  If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:    
  Not over $500,00020% of the amount on line 1e.    
  Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.    
  Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.    
  Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.    
  Over $17,000,000$1,000,000.    
       
g Grassroots nontaxable amount (enter 25% of line 1f) ................. 250,000  
h Subtract line 1g from line 1a. If zero or less, enter -0-. ................    
i Subtract line 1f from line 1c. If zero or less, enter -0-. ................    
j If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting
section 4911 tax for this year? ......................................

4-Year Averaging Period Under Section 501(h)
(Some organizations that made a section 501(h) election do not have to complete all of the five
columns below. See the instructions for lines 2a through 2f on page 4.)
Lobbying Expenditures During 4-Year Averaging Period
  Calendar year (or fiscal year
beginning in) 		(a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) Total
             
2a Lobbying non-taxable amount 1,000,000 1,000,000 1,000,000 1,000,000 4,000,000
             
b Lobbying ceiling amount
(150% of line 2a, column(e)) 		        6,000,000
             
c Total lobbying expenditures 440,376 442,558 424,301 395,962 1,703,197
             
d Grassroots nontaxable amount 250,000 250,000 250,000 250,000 1,000,000
             
e Grassroots ceiling amount
(150% of line 2d, column (e))		         1,500,000
             
f Grassroots lobbying expenditures 33,127 32,790 20,957   86,874
Schedule C (Form 990 or 990-EZ) 2011


Schedule C (Form 990 or 990-EZ) 2011
Page 3
Part II-B
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).
For each “Yes” response to lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.
(a)
Yes
No
(b)
Amount
1
During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:
a
Volunteers? .........................................
 
 
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ....
 
 
c
Media advertisements? ....................................
 
 
 
d
Mailings to members, legislators, or the public? .........................
 
 
 
e
Publications, or published or broadcast statements? .......................
 
 
 
f
Grants to other organizations for lobbying purposes? .......................
 
 
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? ........
 
 
 
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ......
 
 
 
i
Other activities? ..........................
 
 
 
j
Total. Add lines 1c through 1i ...............................
 
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
 
b
If "Yes," enter the amount of any tax incurred under section 4912 .................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 .....
 
d
If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? .......
 
 
Part III-A
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).
Yes
No
1
Were substantially all (90% or more) dues received nondeductible by members? ................
1
 
 
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ................
2
 
 
3
Did the organization agree to carry over lobbying and political expenditures from the prior year? ..........
3
 
 
Part III-B
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2 are answered “No” OR (b) Part III-A, line 3 is answered “Yes”.
1
Dues, assessments and similar amounts from members .....................
1
 
2
Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political
expenses for which the section 527(f) tax was paid).
a
Current year .........................................
2a
 
b
Carryover from last year ....................................
2b
 
c
Total ...........................................
2c
 
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
 
4
If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ................................
4
 
5
Taxable amount of lobbying and political expenditures (see instructions) ..............
5
 
Part IV
Supplemental Information
Complete this part to provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, Part II-A; line 5; and Part ll-B, line 1.
Also, complete this part for any additional information.
Identifier Return Reference Explanation
Schedule C (Form 990 or 990EZ) 2011

Additional Data


Software ID: 11000218
Software Version: 2011.0.0

SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b
SchDMd Bullet Attach to Form 990. SchDMd Bullet See separate instructions.
OMB No. 1545-0047
2011
Open to Public Inspection
Name of the organization
Rochester Institute of Technology
 
Employer identification number

16-0743140
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .......    
2 Aggregate contributions to (during year) ...    
3 Aggregate grants from (during year) ...    
4 Aggregate value at end of year .......    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ....................... 2a 1
b Total acreage restricted by conservation easements .................. 2b 32.00
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register .................... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet1
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................
6
Staff and volunteer hours devoted to monitoring, inspecting and enforcing conservation easements during the year SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section
170(h)(4)(B)(i) and 170(h)(4)(B)(ii)? ....................................
9
In Part XIV, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of
art, historical treasures, or other similar assets held for public exhibition, education or research in furtherance of public service,
provide, in Part XIV, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art,
historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service,
provide the following amounts relating to these items:
(i)
Revenues included in Form 990, Part VIII, line 1 ........................SchDMd Bullet $ 1,237,840
(ii)
Assets included in Form 990, Part X ..............................SchDMd Bullet $ 8,424,614
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958), relating to these items:
a
Revenues included in Form 990, Part VIII, line 1 ..........................SchDMd Bullet $ 7,550
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990
Cat. No. 52283D
Schedule D (Form 990) 2011

Schedule D (Form 990) 2011
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s accession and other records, check any of the following that are a significant use of its collection
items (check all that apply):
a
d
b
e
Education
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIV.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b
If "Yes," explain the arrangement in Part XIV and complete the following table:
Amount
c Beginning balance ................................. 1c  
d Additions during the year .............................. 1d  
e Distributions during the year ............................. 1e  
f Ending balance ................................... 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21? .....................
b
If “Yes,” explain the arrangement in Part XIV.
Part V
Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)Current Year (b)Prior Year (c)Two Years Back (d)Three Years Back (e)Four Years Back
1a Beginning of year balance .... 640,962,040 559,539,414 530,411,586 671,482,363
b Contributions ........ 1,676,001 6,852,732 6,116,934 13,217,807
c Net investment earnings, gains, and losses ... 11,769,898 97,039,041 44,168,388 -130,157,738
d Grants or scholarships ..... 5,751,946 5,751,946 5,809,130 6,129,443
e Other expenditures for facilities
and programs ........ 		20,527,631 16,717,201 15,348,364 18,001,403
f Administrative expenses ....        
g End of year balance ...... 628,128,362 640,962,040 559,539,414 530,411,586
2
Provide the estimated percentage of the year end balance (line 1g) held as:
a
Board designated or quasi-endowment SchDMd Bullet52.500 %
b
Permanent endowment SchDMd Bullet20.800 %
c
Temporarily restricted endowment SchDMd Bullet26.700 %
The percentages in lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations ........................
3a(i)
Yes
 
(ii) related organizations ........................
3a(ii)
 
No
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIV the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .................   10,596,148 10,596,148
b Buildings ................   745,059,592 286,697,742 458,361,850
c Leasehold improvements ............        
d Equipment ................   121,531,178 84,808,528 36,722,650
e Other .................   75,177,485   75,177,485
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......SchDMdBullet 580,858,133
Schedule D (Form 990) 2011

Schedule D (Form 990) 2011
Page 3
Part VII
Investments—Other Securities. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b)Book value (c) Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives    
(2)Closely-held equity interests    
(3)Other
(A) Commingled Money Market Funds 		  F

(B) CDARS Held for Investment 		13,189,048 F

(C) Cash Surrender Value of Life Insurance 		89,997 F

(D) Beneficial Interest in Trusts 		1,365,158 F

(E) Commingled in Equity Funds 		98,553,222 F

(F) Commingled Fixed Income Funds 		5,839,011 F

(G) Hedge Funds 		157,017,781 F

(H) Provate Placements 		151,633,241 F

Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet 427,687,458
Part VIII
Investments—Program Related. See Form 990, Part X, line 13.
(a) Description of investment type (b) Book value (c) Method of valuation:
Cost or end-of-year market value








Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. See Form 990, Part X, line 15.
(a) Description (b) Book value








Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities. See Form 990, Part X, line 25.
1.(a) Description of Liability (b) Book value
Federal Income Taxes  
FAS106 Postretirement Benefits Obligation 140,224,994
Federal Perkins Loan Program 21,758,815
FIN47 Asset Retirement Obligation 14,228,694
Payable Under Securities Lending 309,920
Constant Maturity Swap  
All Other 4,461,741



Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 180,984,164
2. Fin 48 (ASC 740) Footnote. In Part XIV, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC740).
Schedule D (Form 990) 2011

Schedule D (Form 990) 2011
Page 4
Part XI Reconciliation of Change in Net Assets from Form 990 to Financial Statements
1 Total revenue (Form 990, Part VIII, column (A), line 12) .................... 1  
2 Total expenses (Form 990, Part IX, column (A), line 25) ..................... 2  
3 Excess or (deficit) for the year. Subtract line 2 from line 1 ............. 3  
4 Net unrealized gains (losses) on investments .......................... 4  
5 Donated services and use of facilities ............................. 5  
6 Investment expenses ................................... 6  
7 Prior period adjustments .................................. 7  
8 Other (Describe in Part XIV.) ................................. 8  
9 Total adjustments (net). Add lines 4 through 8 ......................... 9  
10 Excess or (deficit) for the year per financial statements. Combine lines 3 and 9 ......... 10  
Part XII Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
1 Total revenue, gains, and other support per audited financial statements ....... 1  
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains on investments .......... 2a  
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIV.) ............ 2d  
e Add lines 2a through 2d ..................... 2e  
3 Subtract line 2e from line 1..................... 3  
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIV.) ........... 4b  
c Add lines 4a and 4b....................... 4c  
5 Total Revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5  
Part XIII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
1 Total expenses and losses per audited financial statements ............. 1  
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities .......... 2a  
b Prior year adjustments .............. 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIV.) ............ 2d  
e Add lines 2a through 2d...................... 2e  
3 Subtract line 2e from line 1..................... 3  
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIV.) ............ 4b  
c Add lines 4a and 4b....................... 4c  
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5  
Part XIV
Supplemental Information
Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X; Part XI, line 8; Part XII, lines 2d and 4b; and Part XIII, lines 2d and 4b. Also complete this part to provide any additional information.
Identifier Return Reference Explanation
III 4 The Cary Library houses some 20,000 volumes and a growing number of manuscripts and correspondence collections on the history and practice of graphic communication technologies. Also included are impressive holdings on bookbinding, papermaking, type design, calligraphy and book illustration. The goal of developing the digital image database is to enable users all over the world to sample the wealth of rich materials housed in the collection.
III 4 An additional feature is the inclusion in the schools curriculum of several courses which actually meet in the library. The Collections holdings are also available to outside researchers.
III 4 The Will Burtin Collection is an amalgamation of materials from graphic designer Will Burtin. It includes extensive client project files and documentation sketches, mechanicals, models, printed samples, photographs, business and professional correspondence, financial records, publications, personal papers, exhibit plans, and audio/visual materials. The collection is open for academic and public research.
III 4 The Public Art on Campus Collection is a series of 31 pieces of fine art including, but not limited to murals, paintings, and statues. All of these works enliven and enrich the cultural environment of RIT, while those that grace the public spaces of our campus help to define and enhance the buildings and walkways they inhabit.
IV 11f Effective July 1, 2007, the University adopted FIN 48, and interpretation of SFAS 109 Accounting for Income Taxes. As a tax-exempt organization, the University has a very limited number of tax positions subject to FIN 48, and believes its tax positions meet the more-likely-than-not recognition threshold in FIN 48 and as such, has included the effects of those tax positions in its financial statements.
V 4 The intended uses of the Universitys endowment funds, as determined by either donor restriction or board designation, include scholarships, awards, professorships, lectures, and other general support of the Universitys educational and research mission.
Schedule D (Form 990) 2011

Additional Data


Software ID: 11000218
Software Version: 2011.0.0




SCHEDULE E(Form 990 or 990-EZ)
Department of the TreasuryInternal Revenue Service
Schools
Right pointing arrow large imageComplete if the organization answered "Yes" to Form 990, Part IV, line 13,or Form 990-EZ, Part VI, line 48.Right pointing arrow large image Attach to Form 990 or Form 990-EZ.
OMB No. 1545-0047
2011
Open to Public Inspection
Name of the organization
Rochester Institute of Technology
 
Employer identification number

16-0743140
Part I
YES
NO
1
Does the organization have a racially nondiscriminatory policy toward students by statement in its charter, bylaws,
other governing instrument, or in a resolution of its governing body? ......................
1
Yes
 
2
Does the organization include a statement of its racially nondiscriminatory policy toward students in all its
brochures, catalogues, and other written communications with the public dealing with student admissions,
programs, and scholarships? ......................................
2
Yes
 
3
Has the organization publicized its racially nondiscriminatory policy through newspaper or broadcast media during
the period of solicitation for students, or during the registration period if it has no solicitation program, in a way
that makes the policy known to all parts of the general community it serves? If "Yes," please describe. If "No,"
please explain. If you need more space use Part II. .............................
3
Yes
 
 
4
Does the organization maintain the following?
a
Records indicating the racial composition of the student body, faculty, and administrative staff? ..........
4a
Yes
 
b
Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatory
basis? ...............................................
4b
Yes
 
c
Copies of all catalogues, brochures, announcements, and other written communications to the public dealing
with student admissions, programs, and scholarships? ...........................
4c
Yes
 
d
Copies of all material used by the organization or on its behalf to solicit contributions? ..............
4d
Yes
 
If you answered "No" to any of the above, please explain. If you need more space, use Part II.
 
5
Does the organization discriminate by race in any way with respect to:
a
Students' rights or privileges? .....................................
5a
 
No
b
Admissions policies? .........................................
5b
 
No
c
Employment of faculty or administrative staff? ..............................
5c
 
No
d
Scholarships or other financial assistance? ................................
5d
 
No
e
Educational policies? .........................................
5e
 
No
f
Use of facilities? ...........................................
5f
 
No
g
Athletic programs? ..........................................
5g
 
No
h
Other extracurricular activities? .....................................
5h
 
No
If you answered "Yes" to any of the above, please explain. If you need more space, use Part II.
 
6a
Does the organization receive any financial aid or assistance from a governmental agency? ...........
6a
Yes
 
b
Has the organization's right to such aid ever been revoked or suspended? ...................
6b
 
No
If you answered "Yes" to either line 6a or line 6b, explain on Part II.
7
Does the organization certify that it has complied with the applicable requirements of sections 4.01 through 4.05
of Rev. Proc. 75-50, 1975-2 C.B. 587, covering racial nondiscrimination? If "No," explain on Part II.
7
Yes
 
Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50085D
Schedule E (Form 990 or 990-EZ) 2011
Schedule E (Form 990 or 990EZ) 2011
Page 2
Part II
Supplemental Information
Complete this part to provide the explanations required by Part I, lines 3, 4d, 5h, 6b, and 7, as applicable. Also complete this part to provide any other additional information (see instructions).
Identifier Return Reference Explanation
Part I 6a The University is the recipient of appropriations and assistance from the Department of Education to operate the National Technical Institute for the Deaf and to support the Federal Work Study and Federal Supplemental Educational Opportunity Grant Programs. The University also receives an appropriation of direct institutional support of Bundy Aid from the New York Sate Department of Education.
Schedule E (Form 990 or 990-EZ) 2011
Additional Data


Software ID: 11000218
Software Version: 2011.0.0
SCHEDULE F(Form 990)
Department of the Treasury
Internal Revenue Service
Statement of Activities Outside the United States
Right pointing arrow large image Complete if the organization answered "Yes" to Form 990,Part IV, line 14b, 15, or 16.Right pointing arrow large image Attach to Form 990. Right pointing arrow large image See separate instructions.
OMB No. 1545-0047
2011
Open to Public Inspection
Name of the organization
Rochester Institute of Technology
 
Employer identification number

16-0743140
Part I
General Information on Activities Outside the United States. Complete if the organization answered
“Yes” to Form 990, Part IV, line 14b.
1
For grantmakers. Does the organization maintain records to substantiate the amount of its grants
and other assistance, the grantees' eligibility for the grants or assistance, and the selection criteria used
to award the grants or assistance? ..............................
2
For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other
assistance outside the United States.
3
Activites per Region. (Use Part V if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees or agents in region or independent contractors (d) Activities conducted in region (by type) (e.g., fundraising, program services, investments, grants to recipients located in the region) (e) If activity listed in (d) is a program service, describe specific type of
service(s) in region		 (f) Total
expenditures for region/investments
in region
Europe     Grantmaking   75,677
Central America and the Caribbean     Investments   149,563,468
Europe     Investments   2,377,277
           
           
           
           
           
           
           
           
           
           
           
           
           
           
3a Sub-total .....     152,016,422
b Total from continuation sheets to Part I ...      
c Totals (add lines 3a and 3b)     152,016,422
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2011
Schedule F (Form 990) 2011
Page 2
Part II
Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" to Form 990,
Part IV, line 15, for any recipient who received more than $5,000. Check this box if no one recipient received more than $5,000 ........ MediumBullet
Use Part V if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (c) Region (d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount of
of non-cash
assistance 		(h) Description
of non-cash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
Europe Research of Cognitive Skills of Deaf and Hearing Children 75,677 Check      
             
             
             
             
             
             
             
             
             
             
             
             
             
             
             
2
Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .....MediumBullet
1
3
Enter total number of other organizations or entities ........................MediumBullet
 
Schedule F (Form 990) 2011
Schedule F (Form 990) 2011Page 3
Part III
Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 16.
Use Part V if additional space is needed.
(a) Type of grant or assistance (b) Region (c) Number of recipients (d) Amount of
cash grant 		(e) Manner of cash
disbursement 		(f) Amount of
non-cash
assistance 		(g) Description
of non-cash
assistance 		(h) Method of
valuation
(book, FMV,
appraisal, other)
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
Schedule F (Form 990) 2011
Schedule F (Form 990) 2011
Page 4
Part IV
Foreign Forms
1 Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926 (see instructions for Form 926).................
2 Did the organization have an interest in a foreign trust during the tax year? If " Yes," the organization may be required to file Form 3520 and/or Form 3520-A. (see instructions for Forms 3520 and 3520-A)..........
3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with respect to Certain Foreign Corporations. (see instructions for Form 5471)..............................
4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If "Yes," the organization may be required to file Form 8621, Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see instructions for Form 8621)
5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with respect to Certain Foreign Partnerships. (see instructions for Form 8865)....................................
6 Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to file Form 5713, International Boycott Report (see instructions for Form 5713)................................................
Schedule F (Form 990) 2011
Schedule F (Form 990) 2011
Page 5
Part V
Supplemental Information
Complete this part to provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information (see instructions).
Identifier ReturnReference Explanation
I 2 The University maintains a risk-based monitoring program to ensure that each subawardee receives the appropriate level of oversight. Primary monitoring activities include review of program progress reports and financial information by both Principal Investigator i.e. program director and the Universitys accounting staff to ensure expenditures are appropriate and consistent with technical progress for the award.
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
Schedule F (Form 990) 2011
Additional Data


Software ID: 11000218
Software Version: 2011.0.0



SCHEDULE G (Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information Regarding
Fundraising or Gaming Activities
Complete if the organization answered "Yes" to Form 990, Part IV, lines 17, 18, or 19,or if the organization entered more than $15,000 on Form 990-EZ, line 6a.right arrowAttach to Form 990 or Form 990-EZ. right arrowSee separate instructions.
OMB No. 1545-0047
2011
Open to Public Inspection
Name of the organization
Rochester Institute of Technology
 
Employer identification number

16-0743140
Part I
Fundraising Activities. Complete if the organization answered "Yes" to Form 990, Part IV, line 17.
1
Indicate whether the organization raised funds through any of the following activities. Check all that apply.
a e
b f
c g
d
2a
Did the organization have a written or oral agreement with any individual (including officers, directors, trustees
or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?
b
If “Yes,” list the ten highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization. Form 990-EZ filers are not required to complete this table.
(i) Name and address of individual
or entity (fundraiser) 		(ii) Activity (iii) Did fundraiser have custody or control of contributions? (iv) Gross receipts
from activity 		(v) Amount paid to
(or retained by)
fundraiser listed in
col. (i) 		(vi) Amount paid to
(or retained by)
organization
Yes No
Total .................right arrow      
3
List all states in which the organization is registered or licensed to solicit funds or has been notified it is exempt from registration or licensing.
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50083H
Schedule G (Form 990 or 990-EZ) 2011
Schedule G (Form 990 or 990-EZ) 2011
Page 2
Part II
Fundraising Events. Complete if the organization answered "Yes" to Form 990, Part IV, line 18, or reported more than $15,000 on Form 990-EZ, line 6a. List events with gross receipts greater than $5,000.
(a) Event #1

Tiger Open
(event type) 		(b) Event #2

SCB Golf Tournament
(event type) 		(c) Other Events

1
(total number) 		(d) Total Events
(Add col. (a) through col. (c))
VerticalRevenue 1 Gross receipts . . . 28,390 27,124 15,139 70,653
2 Less: Charitable
contributions . . . 		15,375 11,161 13,976 40,512
3 Gross income (line 1
minus line 2) . . . 		13,015 15,963 1,163 30,141
VerticalDirectExpenses 4 Cash prizes . . .        
5 Non-cash prizes . .        
6 Rent/facility costs . . 7,640 16,359 2,133 26,132
7 Food and beverages . . 8,448 1,518 4,938 14,904
8 Entertainment . . .        
9 Other direct expenses . 429 2,674 8,211 11,314
10 Direct expense summary. Add lines 4 through 9 in column (d) ........... right arrow 52,350
11 Net income summary. Combine lines 3 and 10 in column (d)............ right arrow -22,209
Part III
Gaming. Complete if the organization answered "Yes" to Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.
VerticalRevenue (a) Bingo (b) Pull tabs/Instant
bingo/progressive bingo 		(c) Other gaming (d) Total gaming (Add col. (a) through col. (c))
1 Gross revenue . . . .        
VerticalDirectExpenses 2 Cash prizes . . . .        
3 Non-cash prizes . . .        
4 Rent/facility costs . . .        
5 Other direct expenses . .        
6 Volunteer labor . . .
 
 
 
7 Direct expense summary. Add lines 2 through 5 in column (d) ........... right arrow  
8 Net gaming income summary. Combine lines 1 and 7 in column (d) .......... right arrow  
9
Enter the state(s) in which the organization operates gaming activities:
a
Is the organization licensed to operate gaming activities in each of these states? ............
b
If "No," Explain:
 
10a
Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? .....
b
If "Yes," Explain:
 
11
Does the organization operate gaming activities with nonmembers? .................
12
Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity
formed to administer charitable gaming? ..........................
Schedule G (Form 990 or 990-EZ) 2011
Schedule G (Form 990 or 990-EZ) 2011
Page 3
13
Indicate the percentage of gaming activity operated in:
a
The organization's facility ......................
13a
 
b
An outside facility ........................
13b
 
14
Provide the name and address of the person who prepares the organization's gaming/special events books and records:
Name right arrow
Address right arrow
15a
Does the organization have a contract with a third party from whom the organization receives gaming
revenue? ......................................
b
If "Yes," enter the amount of gaming revenue received by the organization right arrow $   and the
amount of gaming revenue retained by the third party right arrow $   .
c
If "Yes," enter name and address:
Name right arrow
Address right arrow
 
 
16
Gaming manager information:
Name right arrow
Gaming manager compensation right arrow $  
Description of services provided right arrow
 
17
Mandatory distributions:
a
Is the organization required under state law to make charitable distributions from the gaming proceeds to
retain the state gaming license? ............................
b
Enter the amount of distributions required under state law distributed to other exempt organizations or spent
in the organization's own exempt activities during the tax year right arrow$  
Part IV
Complete this part to provide additional information for responses to quuestion on Schedule G (see instructions.)
Identifier ReturnReference Explanation
Schedule G (Form 990 or 990-EZ) 2011
Additional Data


Software ID: 11000218
Software Version: 2011.0.0
Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," to Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990
OMB No. 1545-0047
2011
Open to Public
Inspection
Name of the organization
Rochester Institute of Technology
 
Employer identification number
16-0743140
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ....................................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Governments and Organizations in the United States. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21 for any recipient that received more than $5,000. Check this box if no one recipient received more than $5,000. Use
Part IV and Schedule I-1 (Form 990) if additional space is needed ......................... lBullet
(a) Name and address of organization
or government		 (b) EIN (c) IRC Code section
if applicable		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
non-cash assistance		 (h) Purpose of grant
or assistance
(1) American Diabetes Association160 Allens Creek Rd Bldg 60 1st Flo
Brighton,NY14618 		13-1623888 501c3 5,000       Corp Sponsorship
(2) Assoc on Higher Ed and Disability (AHEAD)107 Commerce Center Dr Suite 204
Huntersville,NC28078 		34-1265325 501c3 5,350       Conf Sponsorship
(3) Children's Success Fund Special Events2000 Jefferson Rd
Pittsford,NY14534 		26-2998673 501c3 29,425       LPGA Event Participation
(4) Conf of Educational AdministratorsPO Box 1778
St Augustine,FL320851778 		52-0845428 501c3 5,000       ASD-CEASD Sponsorship
(5) Greater Rochester Enterprise IncOne HSBC Plaza 100 Chestnut St Ste
Rochester,NY14604 		10-0000080 501c3 50,000       General Support
(6) Henrietta Fire District850 Bailey Rd
West Henrietta,NY14586 		16-0974231 State of NY 35,000       General Support
(7) High Tech Rochester Inc150 Lucius Gordon Dr 100
West Henrietta,NY14586 		16-1195028 501c3 6,500       Sponsorship
(8) Intervol1425 Portland Ave Box 138
Rochester,NY14621 		16-1347201 501c3 10,000       Sponsorship
(9) National Assoc of the Deaf8630 Fenton St Suite 820
Silver Spring,MD209103819 		94-1358295 501c3 6,000       Conf Sponsorship
(10) New York Wine & Culinary Ctr Inc800 S Main St
Canandaigua,NY14424 		20-1682175 501c3 79,000       General Support
(11) Rochester Arts Festival Inc145 Culver Rd Suite 100
Rochester,NY14620 		45-2840652 501c3 25,000       General Support
(12) Rochester Broadway Theatre League885 E Main St
Rochester,NY14605 		16-0813592 501c3 12,000       General Support
(13) Rochester Business Alliance150 State St
Rochester,NY146141308 		51-0439860 501c6 10,000       General Support
(14) Wounded Warriors Project Inc4899 Belfort Rd Suite 300
Jacksonville,FL32256 		20-2370934 501c3 10,921       Womens Hockey Charity
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image
13
3
Enter total number of other organizations listed in the line 1 table ......................... . Bullet Image
1
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2011

Schedule I (Form 990) 2011
Page 2
Part III
Grants and Other Assistance to Individuals in the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Use Schedule I-1 (Form 990) if additional space is needed.
(a)Type of grant or assistance (b)Number of
recipients		 (c)Amount of
cash grant		 (d)Amount of
non-cash assistance		 (e)Method of valuation (book,
FMV, appraisal, other)		 (f)Description of non-cash assistance
(1) Scholarship 12866 133,527,561      
(2) Graduate Research Assistance 311 3,762,885      
(3) Fellowships 78 498,302      
(4) Awards 176 107,382      







Part IV
Supplemental Information. Complete this part to provide the information required in Part I, line 2, and any other additional information.
Identifier Return Reference Explanation
I 2 The University provides a limited number of grants and assistance as prizes and awards. Individuals and organizations must meet the Universitys predetermined and communicated criteria to be eligible to receive an award or prize. Scholarships, fellowships and other student related financial aid must be used for educational purposes. Scholarships and grants are credited directly to student accounts through an automated system authorized by the universitys office of financial aid and scholarships
III 1-4 The University estimates the number of recipients from records maintained in our financial aid scholarships and accounts payable system Graduate Research Assistance stipends, fellowships, and awards which have been classified by the type of assistance.
Schedule I (Form 990) 2011


Additional Data


Software ID: 11000218
Software Version: 2011.0.0


Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" to Form 990,
Part IV, question 23.
SchJMediumBullet Attach to Form 990. SchJMediumBullet See separate instructions.
OMB No. 1545-0047
2011
Open to Public Inspection
Name of the organization
Rochester Institute of Technology
 
Employer identification number

16-0743140
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all the expenses described above? If "No," complete Part III to explain....
1b
 
No
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
officers, directors, trustees, and the CEO/Executive Director, regarding the items checked in line 1a? ....
2
Yes
 
3
Indicate which, if any, of the following the organization uses to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? ...............
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? ........
4b
 
No
c
Participate in, or receive payment from, an equity-based compensation arrangement? ........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3) and 501(c)(4) organizations only must complete lines 5-9.
5
For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ...........................
5a
 
No
b
Any related organization? .........................
5b
 
No
If "Yes," to line 5a or 5b, describe in Part III.
6
For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ...........................
6a
 
No
b
Any related organization? .........................
6b
 
No
If "Yes," to line 6a or 6b, describe in Part III.
7
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
No
8
Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................
8
 
No
9
If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990
Cat. No. 50053T
Schedule J (Form 990) 2011

Schedule J (Form 990) 2011
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.

Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and column (E) for that individual.
(A) Name (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation
reported as deferred
in prior Form 990
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
(1) William W Destler (i)
(ii)		 715,985
  		43,180
  		9,135
  		22,050
  		69,457
  		859,807
  		 
 
(2) Jeremy A Haefner (i)
(ii)		 371,393
  		12,291
  		6,362
  		22,050
  		93,012
  		505,108
  		 
 
(3) James G Miller (i)
(ii)		 302,122
  		5,249
  		9,550
  		24,500
  		11,897
  		353,318
  		 
 
(4) James H Watters (i)
(ii)		 393,834
  		13,580
  		5,671
  		24,500
  		51,232
  		488,817
  		 
 
(5) Mary-Beth A Cooper (i)
(ii)		 235,428
  		 
  		1,333
  		23,063
  		15,910
  		275,734
  		 
 
(6) Lisa A Cauda (i)
(ii)		 247,206
  		 
  		655
  		24,500
  		12,403
  		284,764
  		 
 
(7) Kevin McDonald (i)
(ii)		 185,496
  		 
  		22,101
  		18,080
  		61,989
  		287,666
  		 
 
(8) Katherine J Mayberry (i)
(ii)		 202,328
  		 
  		9,069
  		20,654
  		14,325
  		246,376
  		 
 
(9) Deborah M Stendardi (i)
(ii)		 216,932
  		 
  		3,200
  		22,318
  		16,031
  		258,481
  		 
 
(10) Gerard Buckley (i)
(ii)		 267,685
  		 
  		1,032
  		24,500
  		50,030
  		343,247
  		 
 
(11) Donald O Baker (i)
(ii)		 154,467
  		 
  		82,199
  		15,735
  		7,392
  		259,793
  		 
 
(12) Donald F Figer (i)
(ii)		 214,660
  		 
  		44,533
  		17,492
  		16,036
  		292,721
  		 
 
(13) Nabil Z Nasr (i)
(ii)		 360,326
  		 
  		2,322
  		24,500
  		20,850
  		407,998
  		 
 
(14) Ashok Rao (i)
(ii)		 313,893
  		 
  		7,332
  		22,050
  		9,335
  		352,610
  		 
 
(15) John R Schott (i)
(ii)		 240,258
  		 
  		2,978
  		21,434
  		17,099
  		281,769
  		 
 
(16) Donald L Boyd (i)
(ii)		 118,912
  		 
  		4,450
  		10,308
  		3,406
  		137,076
  		 
 
Schedule J (Form 990) 2011

Schedule J (Form 990) 2011
Page 3
Part III
Supplemental Information
Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4c, 5a, 5b, 6a, 6b, 7, and 8. Also complete this part for any additional information.
Identifier Return Reference Explanation
I a Due to the number of University-related activities that the President is required to host, he is required to live in a home owned and maintained by the University. This benefit is not deemed to be taxable compensation.
I a The University pays social club initiation fees and dues for eight officers and/or highly compensated employees. The personal use portion of the benefit is treated as taxable compensation and added to the employees Form W-2.
I b Each of the benefits indicated is available to the President certain of these benefits are available to select officers. Amounts considered taxable are reportable compensation included on the employees Form W-2. Since these benefits are limited to very few individuals, a written policy is not considered necessary however, the University has specific written policies pertaining to travel expenditures and payments/reimbursements.
Schedule J (Form 990) 2011

Additional Data


Software ID: 11000218
Software Version: 2011.0.0
Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax Exempt Bonds
SchKMediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions,
explanations, and any additional information in Part VI.
SchKMediumBullet Attach to Form 990. SchKMediumBullet See separate instructions.
OMB No. 1545-0047
2011
Open to Public
Inspection
Name of the organization
Rochester Institute of Technology
 
Employer identification number
16-0743140
Part I
Bond Issues
(a) Issuer Name (b) Issuer EIN (c) CUSIP # (d) Date Issued (e) Issue Price (f) Description of Purpose (g) Defeased (h) On
Behalf of
Issuer 		(i) Pool
financing
Yes No Yes No Yes No
A DASNY RIT Series 2002B
  		14-6000293 64983QH51 05-04-2006 15,719,523 See Part V   X   X   X
B DASNY RIT Series 2006A
  		14-6000293 64983QF38 05-04-2006 61,706,239 See Part V   X   X   X
C DASNY RIT Series 2008A
  		14-6000293 6499034Y4 11-13-2008 84,352,284 See Part V   X   X   X
D DASNY RIT Series 2010
  		14-6000293 6499054S2 10-21-2010 83,324,343 See Part V   X   X   X
Part II
Proceeds
A B C D
1 Amount of bonds retired . . . . . . . . . . . . .        
2 Amount of bonds legally defeased . . . . . . . . . .        
3 Total proceeds of issue . . . . . . . . . . . . . 15,720,929 61,710,621 85,041,579 83,419,657
4 Gross proceeds in reserve funds . . . . . . . .        
5 Capitalized interest from proceeds . . . . . . . . . .        
6 Proceeds in refunding escrows . . . . . . . . . . . 40,992,611     40,992,611
7 Issuance costs from proceeds . . . . . . . . . . . 141,121 457,586 684,436 559,987
8 Credit enhancement from proceeds . . . . . . . . . . 5,000 470,127    
9 Working capital expenditures from proceeds . . . . . . . 9,808 15,809    
10 Capital expenditures from proceeds . . . . . . . . . . 83,691,278   83,691,278 17,479,614
11 Other spent proceeds . . . . . . . . . . . 15,565,000 60,767,099 665,865 3,734,245
12 Other unspent proceeds . . . . . . . . . . . 20,653,200     20,653,200
13 Year of substantial completion . . . . . . . . . . . 2004 2000 2010
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue? . . . . X     X   X    
15 Were the bonds issued as part of an advance refunding issue? . . . .   X X     X X  
16 Has the final allocation of proceeds been made? . . . . . . X   X   X      
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? . . . . . . . . . . . . . X   X   X   X  
Part III
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? . . . . . . .   X   X   X    
2 Are there any lease arrangements that may result in private business use of bond-financed property? . . . . . . . . . X   X   X      
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2011
Schedule K (Form 990) 2011
Page 2
Part III
Private Business Use (Continued)
A B C D
Yes No Yes No Yes No Yes No
3a Are there any management or service contracts that may result in private business use of bond-financed property? . . . . . . . . . X   X   X      
b If ‘Yes’ to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property? . . . . .   X   X   X    
c Are there any research agreements that may result in private business use of bond-financed property? . . . . . . . X   X   X      
d If ‘Yes’ to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property? .   X   X   X    
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government . . SchKMediumBullet 0% 0% 0%   %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government . . . . . . . SchKMediumBullet   %   %   %   %
6 Total of lines 4 and 5 . . .. . . . . . . . . 0% 0% 0%   %
7 Does the bond issue meet the private security or payment test? . . . X   X   X      
8 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2?
X   X   X      
Part IV
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has a Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate, been filed with respect to the bond issue? . . .   X   X   X    
2 Is the bond issue a variable rate issue?   X   X   X    
3a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?   X   X   X    
b Name of provider . . . . . . . .  
  		 
  		 
  		 
 
c Term of hedge . . . . . . . .        
d Was the hedge superintegrated? . . . .                
e Was a hedge terminated? . . . . .                
4a Were gross proceeds invested in a guaranteed investment contract (GIC)? . . . . . .   X   X   X    
b Name of provider . . . . . .  
  		 
  		 
  		 
 
c Term of GIC . . . . . . .        
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? . . . . . .                
5 Were any gross proceeds invested beyond an available temporary period? . . . . . .   X   X   X    
6 Did the bond issue qualify for an exception to rebate? . X     X   X    
7 Has the organization established written procedures to monitor the requirements of section 148? . . . X     X   X    
Schedule K (Form 990) 2011

Schedule K (Form 990) 2011
Page 3
Part V
Procedures To Undertake Corrective Action
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? . . . . . . . . . . . . . .
Part VI
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule K (see instructions).
Identifier Return Reference Explanation
Schedule K (Form 990) 2011

Additional Data


Software ID: 11000218
Software Version: 2011.0.0

Schedule L
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
MediumBullet Complete if the organization answered
"Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c,
or Form 990-EZ, Part V lines 38a or 40b.
MediumBullet Attach to Form 990 or Form 990-EZ. MediumBulletSee separate instructions.
OMB No. 1545-0047
2011
Open to Public Inspection
Name of the organization
Rochester Institute of Technology
 
Employer identification number

16-0743140
Part I
Excess Benefit Transactions (section 501(c)(3) and section 501 (c)(4) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.
1(a) Name of disqualified person (b) Description of transaction (c) Corrected?
Yes No





2
Enter the amount of tax imposed on the organization managers or disqualified persons during the year under section 4958. ......................... Bullet Image$
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ....... Bullet Image$
 

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 26, or Form 990-EZ, Part V, line 38a.
(a) Name of interested person and purpose (b) Loan to or from the organization? (c)Original principal amount (d)Balance due (e) In default? (f) Approved by board or committee? (g)Written agreement?
To From Yes No Yes No Yes No
Total ...............Small Bullet $  
Part III
Grants or Assistance Benefitting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b)Relationship between interested person and the organization (c)Amount of grant or type of assistance
For Privacy Act and Paperwork Reduction Act Notice, see the
Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990 or 990-EZ) 2011
Schedule L (Form 990 or 990-EZ) 2011
Page 2
Part IV
Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of transaction (d) Description of transaction (e) Sharing of organization's revenues?
Yes No
(1) Pike Company
  		Trustee, Thomas F Judson Jr 3,375,497 Construction Services   No
(2) Xerox Corporation
  		Trustee, Willem Appelo 704,087 Fees for Copiers, Other Devices, Related Svcs   No
(3) Mark Barrows Family Member of Officer 33,546 Payment of Compensation   No
Part V
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule L (see instructions).
Identifier Return Reference Explanation
IV 1 Trustee, Thomas Judson, Jr, is the owner and chairman of Pike Company.
IV 2 Trustee, Willem Appelo, is an officer of Xerox Corporation.
Schedule L (Form 990 or 990-EZ) 2011

Additional Data


Software ID: 11000218
Software Version: 2011.0.0




SCHEDULE M
(Form 990)

Department of the Treasury
Internal Revenue Service
NonCash Contributions
Right pointing arrow large imageComplete if the organization answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image Attach to Form 990.
OMB No. 1545-0047
2011
Open to Public Inspection
Name of the organization
Rochester Institute of Technology
 
Employer identification number

16-0743140
Part I
Types of Property
(a)
Check if applicable 		(b)
Number of Contributions or items contributed 		(c)
Noncash contribution amounts reported on
Form 990, Part VIII, line 1g 		(d)
Method of determining
noncash contribution amounts
1 Art—Works of art .... X 6 1,237,840 Appraisal, FMV
2 Art—Historical treasures .        
3 Art—Fractional interests ..        
4 Books and publications ..      
5 Clothing and household
goods ....... 		     
6 Cars and other vehicles ..        
7 Boats and planes ....        
8 Intellectual property ...        
9 Securities—Publicly traded . X 26 348,514 Mean Value Date of Gift
10 Securities—Closely held stock .        
11 Securities—Partnership, LLC,
or trust interests .... 		       
12 Securities—Miscellaneous ..        
13 Qualified conservation
contribution—Historic
structures ..... 		       
14 Qualified conservation
contribution—Other ... 		       
15 Real estate—Residential .        
16 Real estate—Commercial ..        
17 Real estate—Other ...        
18 Collectibles ..... X 5 15,750 FMV
19 Food inventory ...        
20 Drugs and medical supplies .        
21 Taxidermy ......        
22 Historical artifacts ....        
23 Scientific specimens ..        
24 Archeological artifacts ...        
25 Other Right pointing arrow large image ( Consumables ) X 95 907,263 FMV
26 Other Right pointing arrow large image ( Equipment ) X 38 881,444 FMV
27 Other Right pointing arrow large image ( Software ) X 9 396,657 FMV
28 Other Right pointing arrow large image ( Other ) X 1 2,000 FMV
29
Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement ...
29
4
Yes
No
30a
During the year, did the organization receive by contribution any property reported in Part I, lines 1-28 that it
must hold for at least three years from the date of the initial contribution, and which is not required to be used
for exempt purposes for the entire holding period? ..................
30a
 
No
b
If "Yes," describe the arrangement in Part II.
31
Does the organization have a gift acceptance policy that requires the review of any non-standard contributions?
31
Yes
 
32a
Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash
contributions? ............................
32a
 
No
b
If "Yes," describe in Part II.
33
If the organization did not report revenues in column (c) for a type of property for which column (a) is checked,
describe in Part II.
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 51227J
Schedule M (Form 990) 2011
Schedule M (Form 990) 2011
Page 2
Part II
Supplemental Information. Complete this part to provide the information required by Part I, lines 30b,
32b, and 33 and whether the organization is reporting in Part I, column (b) the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.
Identifier Return Reference Explanation
I Part 1 Column B The University is reporting the number of contributions received.
Schedule M (Form 990) 2011
Additional Data


Software ID: 11000218
Software Version: 2011.0.0
SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2011
Open to Public
Inspection
Name of the organization
Rochester Institute of Technology
 
Employer identification number

16-0743140
Identifier Return Reference Explanation
Form 990 Part VI 2 Ann L Burr, B Thomas Golisano, Susan R Holliday, Richard A Kaplan, Sandra A Parker, Carl E Sassano, Stephen L Schultz, Harry P Trueheart III, Christine B Whitman and Ronald L Zarella are RIT trustees. William W Destler and James H Watters are officers. Business relationship - Complemar Partners Inc Susan R Holiday Director, Carl E Sassano Director, and Christine B Whitman Chair and CEO Business relationship - Frontier Communications Ann L Burr President, Northern Region, Sandra A Parker Director, Frontier Communications, and Harry P Trueheart III Director of Frontier Telephone of Rochester, a subsidiary Business relationship - One Stream Networks LLC Carl E Sassano Director and Christine B Whitman Managing Member Business relationship - Pictometry International Corp B Thomas Golisano Director and Stephen L Schultz CTO Business relationship - Rochester Business Alliance Sandra A Parker President/CEO and Harry P Trueheart III Director Business relationship - Torvec Inc William W Deslter Director and Richard A Kaplan CEO Business relationship - Vnomics Richard A Kaplan Director, James H Watters Director, and Ronald L Zarella Chair Business relationship - Voiceport LLC Carl E Sassano Director and Christine B Whitman Managing Member.
Form 990 Part VII 11b Prior to filing the return, it was provided to the members of the Audit Committee and subsequently presented for review at a regularly scheduled Audit Committee meeting. Prior to filing the return, it was made available to all members of the Board of Trustees via a secured website.
Form 990 Part VI 12c The Universitys 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.
Form 990 Part VI 12c 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.
Form 990 Part VI 12c 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 15b 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 Presidents 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 15b The Executive Compensation Subcommittee reviews the proposed salaries of the following positions President Provost and SVP Academic Affairs SVP Finance and Administration SVP Enrollment Management and Career Services VP for Research and Assoc Provost VP Development and Alumni Relations SVP Student Affairs President NTID, VP and Dean RIT VP for Strategic Planning and Special Initiatives VP Government and Community Relations VP Dean Institute Health Sciences and Technology and VP and Assoc Provost for Diversity and Inclusion. The Executive Compensation Subcommittee shall set forth the basis for its decisions with respect to compensation in the minutes of the meeting at which the decisions are made, including the primary conclusions of the evaluation and the basis for determining that the individuals compensation was reasonable in light of the evaluation and comparability data. The Executive Compensation Subcommittee reports annually to the Finance Committee and to the full Board concerning the evaluation of officers and the establishment of their compensation.
Form 990 Part VI 19 The following documents are available at the Universitys website at www.rit.edu 1 list of members of the Board of Trustees 2 consolidated audited financial statements and, 3 University Policy and Procedures Manual. Additionally, these documents are available upon request.
Form 990 Part XI 5 Total net unrealized losses on investments for the tax year was 31,877,294.
Form 990   Part III Line 1 RIT Venture Fund I, LLC was created to make investments in seed, venture, and growth-stage companies that involve RIT students, faculty, technologies, or incubators or similar facilities generated by, connected with, or spun-out from RIT.
    Form 990 Part VI Section A Line 2 Ann L Burr, B Thomas Golisano, Susan R Holliday, Richard A Kaplan, Sandra A Parker, Carl E Sassano, Stephen L Schultz, Harry P Trueheart III, Christine B Whitman and Ronald L Zarella are RIT trustees. William W Destler and James H Watters are officers. Business relationship - Complemar Partners Inc Susan R Holiday Director, Carl E Sassano Director, and Christine B Whitman Chair and CEO Business relationship - Frontier Communications Ann L Burr President, Northern Region, Sandra A Parker Director, Frontier Communications, and Harry P Trueheart III Director of Frontier Telephone of Rochester, a subsidiary Business relationship - One Stream Networks LLC Carl E Sassano Director and Christine B Whitman Managing Member Business relationship - Pictometry International Corp B Thomas Golisano Director and Stephen L Schultz CTO Business relationship - Rochester Business Alliance Sandra A Parker President/CEO and Harry P Trueheart III Director Business relationship - Torvec Inc William W Deslter Director and Richard A Kaplan CEO Business relationship - Vnomics Richard A Kaplan Director, James H Watters Director, and Ronald L Zarella Chair Business relationship - Voiceport LLC Carl E Sassano Director and Christine B Whitman Managing Member. Form 990 Part VII Section B Line 11b Prior to filing the return, it was provided to the members of the Audit Committee and subsequently presented for review at a regularly scheduled Audit Committee meeting. Prior to filing the return, it was made available to all members of the Board of Trustees via a secured website. Form 990 Part VI Section B Line 12c The Universitys 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. Form 990 Part VI Section B Line 12c 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. Form 990 Part VI Section B Line 12c 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 Section B Line 15b 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 Presidents 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 Section B Line 15b The Executive Compensation Subcommittee reviews the proposed salaries of the following positions President Provost and SVP Academic Affairs SVP Finance and Administration SVP Enrollment Management and Career Services VP for Research and Assoc Provost VP Development and Alumni Relations SVP Student Affairs President NTID, VP and Dean RIT VP for Strategic Planning and Special Initiatives VP Government and Community Relations VP Dean Institute Health Sciences and Technology and VP and Assoc Provost for Diversity and Inclusion. The Executive Compensation Subcommittee shall set forth the basis for its decisions with respect to compensation in the minutes of the meeting at which the decisions are made, including the primary conclusions of the evaluation and the basis for determining that the individuals compensation was reasonable in light of the evaluation and comparability data. The Executive Compensation Subcommittee reports annually to the Finance Committee and to the full Board concerning the evaluation of officers and the establishment of their compensation. Form 990 Part VI Section C Line 19 The following documents are available at the Universitys website at www.rit.edu 1 list of members of the Board of Trustees 2 consolidated audited financial statements and, 3 University Policy and Procedures Manual. Additionally, these documents are available upon request. Form 990 Part XI Line 5 Total net unrealized losses on investments for the tax year was 31,877,294. Form 990 Section R Part III Line 1 RIT Venture Fund I, LLC was created to make investments in seed, venture, and growth-stage companies that involve RIT students, faculty, technologies, or incubators or similar facilities generated by, connected with, or spun-out from RIT.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2011

Additional Data


Software ID: 11000218
Software Version: 2011.0.0
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" to Form 990, Part IV, line 33, 34, 35, 36, or 37.
MediumBulletAttach to Form 990. MediumBullet See separate instructions.

OMB No. 1545-0047
2011
Open to Public Inspection
Name of the organization
Rochester Institute of Technology
 
Employer identification number

16-0743140
Part I
Identification of Disregarded Entities (Complete if the organization answered "Yes" on Form 990, Part IV, line 33.)
(a)
Name, address, and EIN of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income
(e)
End-of-year assets


 		(f)
Direct controlling
entity







(1) 5257 W Henrietta Road LLC
5257 W Henrietta Rd
Henrietta,NY14586
16-1609483 		Own Real Property NY 5,183,836 22,738,915 N/A










Part II
Identification of Related Tax-Exempt Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.)
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section
(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled organization
Yes No
(1) RIT Global Delivery Corporation

7 Lomb Memorial Drive

Rochester,NY14623
20-1151703 		Educational purposes NY 501c3 509a3-ii N/A
 
No
(2) American College of Management and Technology

Don Frana Bulika 6
Dubrovnik    
HR
Educational purposes HR     RIT Global Delivery Corp
 
 
No
(3) RIT High Technology Incubator

7 Lomb Memorial Drive

Rochester,NY14623
74-3034755 		Tech training small business NY 501c3 509a3-ii N/A
 
No
(4) RIT Campus Club

39 Lomb Memorial Drive

Rochester,NY14623
16-1201526 		Support RIT NY 501c3 509a3-ii N/A
 
No






For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2011
Schedule R (Form 990) 2011
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.)
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V—UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No
(1) RIT Venture Fund I LLC

5 Lomb Memorial Drive
Rochester,NY14623
45-5183880 		Investments DE Rochester Institute of Technology
  		Unrelated     Yes       No 100.000 %












Part IV
Identification of Related Organizations Taxable as a Corporation or Trust (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.)
(a)
Name, address, and EIN of related organization



 		(b)
Primary activity



 		(c)
Legal domicile
(state or
foreign
country)
 		(d)
Direct controlling
entity


 		(e)
Type of entity
(C corp, S corp,
or trust)

 		(f)
Share of total income



 		(g)
Share of
end-of-year
assets

 		(h)
Percentage
ownership












Schedule R (Form 990) 2011
Schedule R (Form 990) 2011
Page 3
Part V
Transactions With Related Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35, 35A, or 36.)
Note. Complete line 1 if any entity is listed in Parts II, III or IV.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest (ii) annuities (iii) royalties (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .
1a
Yes
 
b Gift, grant, or capital contribution to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
 
No
c Gift, grant, or capital contribution from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
 
No
d Loans or loan guarantees to or for related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1d
 
No
e Loans or loan guarantees by related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1e
 
No
f Sale of assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1f
 
No
g Purchase of assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1g
 
No
h Exchange of assets with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1h
 
No
i Lease of facilities, equipment, or other assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1i
 
No
j Lease of facilities, equipment, or other assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .
1j
 
No
k Performance of services or membership or fundraising solicitations for related organization(s) . . . . . . . . . . . . . . . . . . . .
1k
Yes
 
l Performance of services or membership or fundraising solicitations by related organization(s) . . . . . . . . . . . . . . . . . . . .
1l
 
No
m Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) . . . . . . . . . . . . . . . . . . . . .
1m
 
No
n Sharing of paid employees with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1n
 
No
o Reimbursement paid to related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1o
 
No
p Reimbursement paid by related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1p
 
No
q Other transfer of cash or property to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1q
Yes
 
r Other transfer of cash or property from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1r
Yes
 
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of other organization 		(b)
Transaction
type(a-r) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) RIT Campus Club

 a 803,244  
(2) RIT Campus Club

 k 2,424,672  
(3) RIT Global Delivery Corporation

 r 966,187  
(4)
(5)
(6)
Schedule R (Form 990) 2011
Schedule R (Form 990) 2011
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 37.)
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(e)
Are all
partners
section
501(c)(3)
organizations? 		(f)
Share of total income




 		(g)
Share of
end-of-year
assets 		(h)
Disproprtionate allocations? 		(i)
Code V—UBI
amount in box
20 of Schedule K-1
(Form 1065) 		(j)
General or
managing
partner? 		(k)
Percentage
ownership
Yes No Yes No Yes No






























Schedule R (Form 990) 2011
Schedule R (Form 990) 2011
Page 5
Part VII
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule R (see instructions).
Identifier Return Reference Explanation
Additional Data


Software ID: 11000218
Software Version: 2011.0.0