Rochester Institute of Technology

“COMPLEMAR PARTNERS INC: SUSAN R HOLLIDAY (BOARD MEMBER) AND CHRISTINE B WHITMAN (EXECUTIVE CHAIRMAN) - Business relationship, FINANCIAL INSTITUTIONS INC (AKA FIVE STAR BANK): SUSAN HOLLIDAY (BOARD CHAIR) AND KIM VANGELDER (DIRECTOR) - Business relationship, TOKENIZE: KEVIN SURACE (BOARD CHAIR) AND CHRISTINE WHITMAN (BOARD MEMBER) - Business relationship”

“Prior to filing the return, the prepared rit form 990 was provided to the members of the risk and audit committee and subsequently presented for review at a regularly scheduled committee meeting. Prior to filing the return, it was made available to all members of the board of trustees via a secured website.”

“The university's 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. Upon 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 committee, a subcommittee of the risk and audit committee, 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 and the arrangements are consistent with the best interests of the university. In any event, such members will neither vote nor discharge their 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. The individual conflict of interest and 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.”

“The executive compensation committee 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 committee 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 committee and provide it with an evaluation of the president and a proposal for the president's compensation. Biennially the executive compensation committee 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.”

“The executive compensation committee reviews the proposed salaries of the following positions: president; provost and svp academic affairs; svp finance and administration; vp enrollment management; vp research; vp university advancement; svp student affairs; president ntid & vp and dean rit; vp govt and community relations; vp chief marketing officer; vp & general counsel; vp & secretary of the institute; and vp & assoc provost for diversity & inclusion. The executive compensation committee 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 individual's compensation was reasonable in light of the evaluation and comparability data. The executive compensation committee reports annually to the executive committee concerning the evaluation of officers and a proposal for the establishment of their compensation.”

“The following documents are available at the university's 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 information and resources. Additionally, these documents are available upon request.”

“Christine m licata (former officer) - former interim provost until august 2023, currently vice provost for academic affairs.”

“Karen a barrows (former officer) - former secretary of the institute until march 2020, currently chief of staff.”

“Daniel ornt (former officer) - former vp and dean institute of health sciences and technology until june 2020, resigned position of professor march 2024.”

“Colleen f peterson (former officer) - former interim vp enrollment management until september 2023, currently associate vp enrollment management.”

“Ellen m granberg (former officer) - former provost and svp of academic affairs, resigned position june 2023.”

“All other Program Services Revenue - Total Revenue: 10532882, Related or Exempt Function Revenue: 9811659, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 721223;”

“Other - Total Revenue: 3255364, Related or Exempt Function Revenue: 2544654, Unrelated Business Revenue: 648563, Revenue Excluded from Tax Under Sections 512, 513, or 514: 62147;”

“Association of college educators deaf and hard-of-hearing inc: exempt status was revoked”