Overview
What is Rochester Institute Of Technology?
Rochester Institute of Technology (RIT) is a prestigious university, founded in 1829, with a diverse and creative student body from around the world. With a total enrollment of approximately 19,720 students in Fall 2021, including about 16,670 undergraduates and 3,050 graduates, RIT offers 254 undergraduate and graduate programs across nine colleges and two degree-granting academic units. Notably, NTID, one of RIT's colleges, is the world's first and largest technical institute for deaf students, with around 1,170 students. Over the past decade, enrollment has grown by 12%, with 16,875 students enrolled at the main campus and the rest at international locations. As an intellectually curious and socially conscious community, RIT leverages technology, the arts, and design to create and innovate for the greater good. The university is located at Controller 46 Lomb Memorial Dr, Rochester, NY, 14623, and has a workforce of 10,958 employees.
Official website here: www.rit.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Rochester Institute of Technology has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial transparency. With a perfect score in several key areas, including board independence and adherence to financial oversight, the organization demonstrates robust governance practices.
The majority of the board members being independent and the presence of an Audit and Oversight Committee points to a well-structured organization focused on ethical management. Additionally, the financial health as indicated by a low liabilities-to-assets ratio and a high program expense ratio suggests that the majority of funds are being effectively utilized for its mission-driven programs.
Despite the strengths highlighted, the summary data does not present any specific limitations or concerns regarding the organization's operations. Overall, the high rating indicates a strong and reliable nonprofit focused on delivering quality educational services.
This AI summary has been generated from information found on Charity Navigator.
Is Rochester Institute Of Technology legitimate?
Rochester Institute Of Technology is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rochester Institute Of Technology submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $5,366,129
Professional Fundraising Fees: $299,920
Other Salaries and Wages: $300,476,659
For more financial information, click here
Official website here: www.rit.edu
What is the mission statement of Rochester Institute Of Technology?
The Rochester Institute of Technology (RIT) is a globally recognized university that fosters creativity, innovation, and socially conscious engagement. With a student body hailing from 50 states and over 100 nations, RIT is home to an intellectually curious and diverse community. Comprised of nine colleges and two academic units, the institute offers a wide range of undergraduate and graduate programs, numbering 254 in total. Over the past decade, enrollment has witnessed a steady growth from 17,652 students in 2011 to approximately 19,720 in 2021. Leveraging the power of technology, arts, and design, RIT aims to shape the future and improve the world.
Official website here: www.rit.edu
Who is the CEO of Rochester Institute Of Technology?
Unavailable
Official website here: www.rit.edu
What is the revenue of Rochester Institute Of Technology?
Rochester Institute Of Technology's revenue in 2022 was $1,071,324,345.
Official website here: www.rit.edu
Who are the executives of Rochester Institute Of Technology and what are their salaries?
The average compensation at Rochester Institute Of Technology during 2022 was $27,910. There are 10958 employees and 6081 volunteers at Rochester Institute Of Technology.
Here are 66 key members and their salaries:
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Official website here: www.rit.edu
Where can I find the form 990 for Rochester Institute Of Technology?
Rochester Institute Of Technology's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rit.edu
Learn more at the official website: www.rit.edu
Mission Statement of Rochester Institute Of Technology
Rochester Institute of Technology (RIT), a renowned educational institution established in 1829, is known for its innovative approach to shaping the future and enhancing the world through creativity, intellect, and social consciousness. This vibrant community of students from diverse backgrounds across 50 states and over 100 nations, is committed to utilizing the power of technology, arts, and design for the greater good.
RIT's mission is multifaceted, with an emphasis on fostering an intellectually curious and socially aware student body. With a total enrollment of approximately 19,720 students in Fall 2021, the university offers 254 undergraduate and graduate programs across nine colleges and two degree-granting academic units. One of these colleges, NTID (National Technical Institute for the Deaf), is a pioneering institution dedicated to serving deaf students, hosting approximately 1,170 students from around the globe. Over the past decade, RIT has experienced a significant growth in enrollment, with a rise from 17,652 students in the Fall of 2011 to 19,718 students in the Fall of 2021.
RIT's commitment to improving the world extends beyond its campus. As an engaged and socially conscious institution, RIT is focused on making a positive impact. It fosters a culture of innovation and creativity, encouraging students to explore new ideas and challenge conventional thinking. By leveraging the power of technology, arts, and design, RIT is able to make a difference in the lives of its students and contribute to the greater good.
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Impact
October, 2024
Rochester Institute of Technology (RIT) significantly impacts the future and the world through its commitment to creativity and innovation. Established in 1829, RIT has grown into a premier university, engaging a diverse and intellectually curious community of approximately 19,720 students from all 50 states and over 100 countries.
RIT's focus on technology, the arts, and design empowers students to tackle real-world challenges and drive positive change. The university encompasses nine colleges and offers 254 graduate and undergraduate programs, including the National Technical Institute for the Deaf (NTID), which serves as the first and largest technical college for deaf students, enhancing accessibility and education for diverse populations.
The institution's enrollment has steadily increased over the past decade, reflecting its growing appeal and the increasing importance of its unique educational offerings. By fostering an environment of social consciousness and creativity, RIT not only prepares its students for successful careers but also positions them as catalysts for innovation and progress in society. Through its initiatives and programs, RIT exemplifies a commitment to leveraging education for the greater good, shaping a brighter future for all.
This information is meant to be a general summary of Rochester Institute Of Technology. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $108,580,861
- Program Service Revenue: $742,399,043
- Gross Receipts: $1,593,805,023
Assets and Liabilities:
- Total Assets: $2,526,196,996
- Total Liabilities: $613,951,641
- Net Assets: $1,912,245,355
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition
Revenue
$646,786,754
Auxiliary Services
Revenue
$80,265,550
Research
Revenue
$1,429,133
Non-credit Instruction
Revenue
$2,314,054
Fees
Revenue
$2,490,103
Organization Details
Founding Year
1830
Phone
(585) 475-2383Main Address
Controller 46 Lomb Memorial Dr, Rochester, NY, 146235604
Website
www.rit.eduNTEE Category
Code: B430 - Education
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