Rose-Hulman Institute Of Technology
- Assets
- $504.0m
- Revenue
- $151.8m
- Investments
- $49.9m
- Employees
- 1,742
- Location
- Terre Haute, IN
- Founding
- 07/1941
- Data as of
- 06/2021
- EIN
- 35-0868149
Organization Overview
Rose-Hulman Institute Of Technology is located in Terre Haute, IN. The organization was established in 1941. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2022, Rose-Hulman Institute Of Technology employed 1,742 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rose-Hulman Institute Of Technology is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Rose-Hulman Institute Of Technology generated $151.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $138.6m during the year ending 06/2021. While expenses have increased by 1.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE WORLD'S BEST UNDERGRADUATE EDUCATION IN ENGINEERING, MATHEMATICS, AND SCIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT INSTRUCTION - TEACHING FACULTY/RELATED ADMINISTRATION SALARIES: COSTS ASSOCIATED THEREWITH (I.E. LIBRARY, COMPUTER SERVICE, STUDENT AID), FALL 2021 ENROLLMENT 2101. STUDENT SERVICES - ADMISSIONS, PLACEMENT, STUDENT COUNSELING SERVICES, HEALTH SERVICES, AND ATHLETIC PROGRAMS. AUXILLARY ENTERPRISES - STUDENT RESIDENCE HALLS, FOOD SERVICES, STUDENT UNION BUILDING AND BOOKSTORE AND OPERATION MAINTENANCE OF PLANT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Coons President | OfficerTrustee | 40 | $629,399 |
Steven Brady Vp, Institutional Advancement | Officer | 40 | $273,759 |
Matthew Davis VP For Finance | Officer | 40 | $255,366 |
Wayne Dennison VP For Information Technology | Officer | 40 | $253,215 |
Rick Stamper Provost & Vp, Academic Affairs | Officer | 40 | $244,494 |
Tom Bear VP Of Enrollment Management | Officer | 40 | $241,604 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bon Appetit Food Service | 6/29/22 | $5,850,647 |
Ratio Architects Inc Design Firm | 6/29/22 | $1,365,407 |
Ch Garmong Sons Inc General Contractor | 6/29/22 | $2,159,181 |
Verkler Inc General Contractor | 6/29/22 | $1,031,524 |
Freitag-weinhardt Inc General Contractor | 6/29/22 | $890,248 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,468,859 |
| Investment income | $5,196,265 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $163,763 |
| Net Gain/Loss on Asset Sales | $8,096,522 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $303,219 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $151,842,166 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $45,862,282 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,212,605 |
| Compensation to disqualified persons | $40,369 |
| Other salaries and wages | $40,632,050 |
| Pension plan accruals and contributions | $5,979 |
| Other employee benefits | $9,518,554 |
| Payroll taxes | $3,024,309 |
| Fees for services: Management | $3,695,940 |
| Fees for services: Legal | $258,629 |
| Fees for services: Accounting | $119,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $744,057 |
| Fees for services: Other | $0 |
| Advertising and promotion | $688,366 |
| Office expenses | $5,235,752 |
| Information technology | $216,952 |
| Royalties | $0 |
| Occupancy | $2,913,719 |
| Travel | $489,575 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,977 |
| Interest | $1,884,633 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,021,007 |
| Insurance | $832,238 |
| All other expenses | $0 |
| Total functional expenses | $138,591,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,259 |
| Savings and temporary cash investments | $44,830,656 |
| Pledges and grants receivable | $19,918,850 |
| Accounts receivable, net | $4,336,791 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,973,018 |
| Inventories for sale or use | $1,236,454 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $205,469,168 |
| Investments—other securities | $49,885,433 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,062,204 |
| Total assets | $504,004,855 |
| Accounts payable and accrued expenses | $10,590,481 |
| Grants payable | $0 |
| Deferred revenue | $3,080,512 |
| Tax-exempt bond liabilities | $79,903,646 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,066,593 |
| Total liabilities | $117,641,232 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $386,363,623 |