Rose-Hulman Institute Of Technology
- Assets
- $458.7m
- Revenue
- $143.5m
- Investments
- $41.4m
- Employees
- 1,789
- Location
- Terre Haute, IN
- Founding
- 07/1941
- Data as of
- 06/2020
- 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 06/2021, Rose-Hulman Institute Of Technology employed 1,789 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 06/2020, Rose-Hulman Institute Of Technology generated $143.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $134.6m during the year ending 06/2020. While expenses have increased by 0.5% 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
2020
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 2020 ENROLLMENT 1990. 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 | $623,032 |
Tom Bear VP Of Enrollment Management | Officer | 40 | $343,754 |
Steven Brady Vp, Institutional Advancement | Officer | 40 | $269,603 |
Wayne Dennison VP For Information Technology | Officer | 40 | $250,778 |
Matthew Davis VP For Finance | Officer | 40 | $246,596 |
Rick Stamper Provost & Vp, Academic Affairs | Officer | 40 | $241,774 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aa Huber Sons General Contractor | 6/29/21 | $3,736,531 |
Bon Appetit Food Service | 6/29/21 | $5,342,610 |
Sycamore Engineering General Contractor | 6/29/21 | $1,643,853 |
Ch Garmong Sons Inc General Contractor | 6/29/21 | $2,544,624 |
Verkler Inc General Contractor | 6/29/21 | $1,385,903 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,320,409 |
| Investment income | $6,187,388 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $166,042 |
| Net Gain/Loss on Asset Sales | $1,061,516 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $398,390 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $143,470,483 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $40,381,934 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,340,202 |
| Compensation to disqualified persons | $44,119 |
| Other salaries and wages | $41,602,254 |
| Pension plan accruals and contributions | $4,040,165 |
| Other employee benefits | $9,088,661 |
| Payroll taxes | $3,005,653 |
| Fees for services: Management | $1,119,007 |
| Fees for services: Legal | $123,474 |
| Fees for services: Accounting | $144,156 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $868,128 |
| Fees for services: Other | $0 |
| Advertising and promotion | $687,009 |
| Office expenses | $4,471,246 |
| Information technology | $283,514 |
| Royalties | $0 |
| Occupancy | $3,038,613 |
| Travel | $1,524,062 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $142,486 |
| Interest | $2,668,028 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,756,645 |
| Insurance | $759,468 |
| All other expenses | $0 |
| Total functional expenses | $134,594,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,239 |
| Savings and temporary cash investments | $49,109,129 |
| Pledges and grants receivable | $19,536,675 |
| Accounts receivable, net | $4,411,864 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,117,517 |
| Inventories for sale or use | $1,205,351 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $170,556,108 |
| Investments—other securities | $41,406,767 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,572,028 |
| Total assets | $458,661,917 |
| Accounts payable and accrued expenses | $11,724,514 |
| Grants payable | $0 |
| Deferred revenue | $2,689,216 |
| Tax-exempt bond liabilities | $82,844,995 |
| 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 | $28,643,787 |
| Total liabilities | $125,902,512 |
| 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 | $332,759,405 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Rose-Hulman Institute Of Technology has recieved totaling $20,640.
| Awarding Organization | Amount |
|---|---|
Weston Wabash Foundation Terre Haute, IN PURPOSE: M.T. HUBBARD SCHOLARSHIP FUND | $20,000 |
Edmond And Martha Lauer Scholarship Tr Crawfordsville, IN PURPOSE: SCHOLARSIHP FOR HAILEY STEWARD | $640 |
Endowment Analysis
| Beg. Balance | $226,747,984 |
| Earnings | $52,027,421 |
| Admin Expense | $744,057 |
| Net Contributions | $7,956,252 |
| Other Expense | $9,378,749 |
| Grants | $5,324,205 |
| Ending Balance | $271,284,646 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Midwestern University Downers Grove, IL | $1,723,437,982 | $501,547,069 |
A T Still University Of Health Sciences Kirksville, MO | $449,186,394 | $205,517,169 |
Milwaukee School Of Engineering Milwaukee, WI | $385,282,772 | $169,996,674 |
Rose-Hulman Institute Of Technology Terre Haute, IN | $458,661,917 | $143,470,483 |
Rosalind Franklin University Of Medicine & Science North Chicago, IL | $321,942,163 | $130,066,998 |
Moody Bible Institute Of Chicago Chicago, IL | $517,402,862 | $263,295,292 |
Kansas City University Kansas City, MO | $396,275,959 | $114,344,236 |
Accreditation Council For Graduate Medical Education Chicago, IL | $103,044,710 | $71,823,147 |
University Of Health Sciences And Pharmacy In St Louis Saint Louis, MO | $314,379,266 | $75,273,875 |
Asbury Theological Seminary Wilmore, KY | $333,796,449 | $52,800,131 |
Illinois College Of Optometry Chicago, IL | $110,244,360 | $41,438,897 |
Logan University Chesterfield, MO | $101,664,851 | $38,500,877 |