ROCHESTER INSTITUTE OF TECHNOLOGY Charity Report

Public IRS 990 nonprofit record

ROCHESTER INSTITUTE OF TECHNOLOGY

EIN 16-0743140 · Education (B430)

What they do

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

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $92.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders67 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

88.76%of revenue went to mission work92.5% of expenses · Program services

1.15%of revenue went to fundraising1.2% of expenses

$95.93spent for every $100 of revenueRevenue covered expenses this year.

6.01%of revenue went to management and office costs6.3% of expenses

$2.64in assets for every $1 spent this yearSome assets cannot be spent right away.

18.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $1,421,925 for DAVID C MUNSON (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,173,696,705

Mission workProgram services$1,041,825,24288.76% of revenue92.5% of expenses

ManagementOffice and general costs$70,565,9356.01% of revenue6.3% of expenses

FundraisingAsking for donations$13,551,2101.15% of revenue1.2% of expenses

Revenue left after expensesReported annual surplus$47,754,3184.07% of revenueShown in gray on the chart

Total expenses$1,125,942,38795.93% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 92.5% mission · 6.3% management · 1.2% fundraisingTotal expenses: 95.93% of revenue

2023Expense mix: 92.8% mission · 6.0% management · 1.2% fundraisingTotal expenses: 94.46% of revenue

2022Expense mix: 93.0% mission · 5.7% management · 1.3% fundraisingTotal expenses: 95.69% of revenue

2021Expense mix: 93.3% mission · 5.5% management · 1.2% fundraisingTotal expenses: 86.09% of revenue

2020Expense mix: 92.6% mission · 6.2% management · 1.2% fundraisingTotal expenses: 91.78% of revenue

2019Expense mix: 92.3% mission · 6.4% management · 1.3% fundraisingTotal expenses: 95.80% of revenue

2018Expense mix: 91.8% mission · 6.7% management · 1.4% fundraisingTotal expenses: 94.20% of revenue

2017Expense mix: 92.0% mission · 6.4% management · 1.6% fundraisingTotal expenses: 80.37% of revenue

Money in and money out

Revenue$1,173,696,705

Expenses$1,125,942,387

Annual surplus $47,754,318 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,041,825,242 · 92.5% of expenses

Management and office costs$70,565,935 · 6.3% of expenses

Fundraising$13,551,210 · 1.2% of expenses

See all reported dollar amounts

Revenue$1,173,696,705

Expenses$1,125,942,387

Assets$2,967,494,524

Income$1,505,009,613

Contributions$210,894,542

Mission work (program services)$1,041,825,242

Fundraising$13,551,210

Grants given$3,799,327

Average grant$20,537

Management and general$70,565,935

Stocks and bonds$295,429,045

Accounting fees$428,864

Investing fees$403,250

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DAVID C MUNSONPRESIDENT · 40 hrs/week $1,421,925Base $1,309,891 · Other $112,034

JAMES H WATTERSSVP FINANCE AND ADMINISTRATION · 40 hrs/week $743,019Base $685,910 · Other $57,109

NABIL Z NASRASSOC PROVOST DIR GOLISANO INST OF SUSTAINABILITY · 40 hrs/week $712,712Base $647,725 · Other $64,987

PRABU DAVIDPROVOST & SR VP FOR ACADEMIC AFFAIRS · 40 hrs/week $596,656Base $545,850 · Other $50,806

PHILLIP D CASTLEBERRYVP UNIVERSITY ADVANCEMENT · 40 hrs/week $528,077Base $463,163 · Other $64,914

JACQUELINE MOZRALLDEAN SAUNDERS COLLEGE OF BUSINESS · 40 hrs/week $510,394Base $446,139 · Other $64,255

ERSIN UZUNKATHERINE JOHNSON ENDOWED EXEC. DIR. GLOBAL CYBERS · 40 hrs/week $463,040Base $430,941 · Other $32,099

GERARD BUCKLEYPRESIDENT NTID & VP AND DEAN RIT · 40 hrs/week $457,647Base $396,322 · Other $61,325

SANDRA S JOHNSONSVP STUDENT AFFAIRS · 40 hrs/week $452,447Base $385,574 · Other $66,873

ROBERT COLONVP & GENERAL COUNSEL · 40 hrs/week $452,399Base $391,539 · Other $60,860

RYNE RAFFAELLEVP RESEARCH · 40 hrs/week $450,373Base $396,149 · Other $54,224

DOREEN EDWARDSDEAN COLLEGE OF ENGINEERING · 40 hrs/week $423,417Base $367,899 · Other $55,518

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (67)

DAVID C MUNSONPRESIDENT

JAMES H WATTERSSVP FINANCE AND ADMINISTRATION

NABIL Z NASRASSOC PROVOST DIR GOLISANO INST OF SUSTAINABILITY

PRABU DAVIDPROVOST & SR VP FOR ACADEMIC AFFAIRS

PHILLIP D CASTLEBERRYVP UNIVERSITY ADVANCEMENT

JACQUELINE MOZRALLDEAN SAUNDERS COLLEGE OF BUSINESS

ERSIN UZUNKATHERINE JOHNSON ENDOWED EXEC. DIR. GLOBAL CYBERS

GERARD BUCKLEYPRESIDENT NTID & VP AND DEAN RIT

SANDRA S JOHNSONSVP STUDENT AFFAIRS

ROBERT COLONVP & GENERAL COUNSEL

RYNE RAFFAELLEVP RESEARCH

DOREEN EDWARDSDEAN COLLEGE OF ENGINEERING

JOHN K TRIERWEILERVP CHIEF MARKETING OFFICER

DONALD F FIGERPROF AND DIR CENTER FOR DETECTORS

KATHLEEN DAVISVP ENROLLMENT MGMT & ASSOC PROVOST

KEITH JENKINSVP & ASSOCIATE PROVOST FOR ACCESS, ENGAGEMENT, AND

VANESSA J HERMANVP FOR GOVT & COMMUNITY RELATIONS

LISA A CHASEVP & SECRETARY OF THE UNIVERSITY

COLLEEN F PETERSONASSOCIATE VP ENROLLMENT MANAGEMENT

CHRISTINE M LICATAVICE PROVOST FOR ACADEMIC AFFAIRS

KAREN A BARROWSCHIEF OF STAFF

KIM E VANGELDERTRUSTEE

JANE ELLIOTTTRUSTEE

VICTORIA D DECKERTRUSTEE

SUSAN R HOLLIDAYTRUSTEE

KATHY M YUTRUSTEE

SUSAN M PUGLIATRUSTEE

KEVIN J SURACETRUSTEE

SHARON D NAPIERTRUSTEE

ROOSEVELT MERCER JRTRUSTEE

ORLANDO ORTIZTRUSTEE

RONALD S RICOTTATRUSTEE

RONALD L ZARRELLATRUSTEE

MARK G BARBERIOTRUSTEE

ROBERT W AUGUSTTRUSTEE

RICK A KITTLES PHDTRUSTEE

RICHARD DAVISTRUSTEE

NICHOLAS M SCHNEIDERTRUSTEE

PAMELA LLOYD-OGOKETRUSTEE

DALE J DAVISTRUSTEE

ANDREW N BRENNEMANTRUSTEE

ANDREW R JACOBSONTRUSTEE

ARTHUR A GOSNELLTRUSTEE

AUSTIN W MCCHORDTRUSTEE

BRENDA HAYNESTRUSTEE

BRIAN P OSHAUGHNESSYTRUSTEE

BRITTA MACINTOSHTRUSTEE

BROOKS H BOWERTRUSTEE

CAROL B CALATRUSTEE

CHANCE WRIGHTTRUSTEE

CHESTER N WATSONTRUSTEE

CHRISTINE B WHITMANTRUSTEE

CHRISTOPHER LEHFELDTTRUSTEE

CLAYTON P TURNERTRUSTEE

JORGE M RODRIGUEZTRUSTEE

DARSHAN N HIRANANDANITRUSTEE

DAVID J BURNSTRUSTEE

DINAH G WEISBERGTRUSTEE

DONALD J TRUESDALETRUSTEE

EFRAIN RIVERATRUSTEE

FRANK S SKLARSKYTRUSTEE

GERARD Q PIERCETRUSTEE

HYACINTH DRUMMONDTRUSTEE

JAMES P SWIFTTRUSTEE

JEFFREY BENCKTRUSTEE

JEFFREY K HARRISTRUSTEE

JONATHAN BUDINGTONTRUSTEE

About this charity

Recognized since: January 1943
Location: 46 LOMB MEMORIAL DR, ROCHESTER, NY 14623-5604
County: Monroe
In care of: % CONTROLLER
Primary officer: James H Watters, Sr VP Finance & Admin

How to reach them

WebsiteVisit the charity’s website Emailmunson@rit.edu Phone(585) 475-2383

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
NTEE classification: Education (B430)
Grant-giving organization: Yes