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Nonprofiteer
← ROCHESTER AREA COMMUNITY FOUNDATION

Form 990 for tax year 2022

Filed by ROCHESTER AREA COMMUNITY FOUNDATION.

Totals

Total revenue
$42,793,588
Total expenses
$33,549,993
Contributions and grants received
$17,292,613
Grants paid
$27,526,961
Program service revenue
$0
Investment income
$24,522,182
Other revenue
$978,793
Total assets, end of year
$444,119,417
Total liabilities, end of year
$1,918,749
Net assets or fund balances, end of year
$442,200,668
Program services expenses (Part IX)
$29,030,583
Management and general expenses
$2,537,213
Fundraising expenses
$1,982,197
Program service expenses (Part III)
$29,030,583

Program services were 86.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $8,175

  • 1f · All other contributions, gifts and grants

    $17,284,438

  • 1g · Noncash contributions included above

    $1,094,204

  • 3 · Investment income

    total $4,662,842 · excluded $4,662,842

  • 7a · Gross sales of assets other than inventory

    securities $107,164,057

  • 7b · Less cost or other basis and sales expenses

    securities $87,304,717

  • 7c · Gain or loss

    securities $19,859,340

  • 7d · Net gain or loss

    total $19,859,340 · related or exempt $19,859,340

  • 8a · Fundraising events: gross income

    $3,960

  • 8a · Fundraising events: contributions included on line 1c

    $8,175

  • 8b · Fundraising events: direct expenses

    $6,279

  • 8c · Net income from fundraising events

    total -$2,319 · excluded -$2,319

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $981,112 · excluded $981,112

  • 11e · Other revenue, total

    $981,112

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $26,723,772 · program services $26,723,772

  • 2 · Grants to domestic individuals

    total $803,189 · program services $803,189

  • 5 · Compensation of officers, directors and key employees

    total $841,071 · program services $233,229 · management and general $343,325 · fundraising $264,517

  • 7 · Other salaries and wages

    total $2,290,113 · program services $628,911 · management and general $947,800 · fundraising $713,402

  • 8 · Pension plan contributions

    total $93,609 · program services $25,958 · management and general $38,211 · fundraising $29,440

  • 9 · Other employee benefits

    total $374,560 · program services $103,866 · management and general $152,895 · fundraising $117,799

  • 10 · Payroll taxes

    total $178,633 · program services $49,535 · management and general $72,918 · fundraising $56,180

  • 11b · Fees: legal

    total $39,463 · management and general $12,212 · fundraising $27,251

  • 11c · Fees: accounting

    total $96,000 · management and general $96,000

  • 11f · Fees: investment management

    total $267,085 · management and general $267,085

  • 11g · Fees: other

    total $621,171 · program services $228,431 · management and general $182,010 · fundraising $210,730

  • 12 · Advertising and promotion

    total $363,719 · fundraising $363,719

  • 13 · Office expenses

    total $121,069 · program services $38,184 · management and general $41,422 · fundraising $41,463

  • 16 · Occupancy

    total $219,710 · program services $68,308 · management and general $90,257 · fundraising $61,145

  • 17 · Travel

    total $4,920 · program services $967 · management and general $1,562 · fundraising $2,391

  • 19 · Conferences, conventions and meetings

    total $30,105 · program services $17,714 · management and general $10,101 · fundraising $2,290

  • 22 · Depreciation, depletion and amortization

    total $31,688 · management and general $31,688

  • 23 · Insurance

    total $48,606 · management and general $48,606

  • 24a · Other expenses: EQUIPMENT RENTAL

    total $230,208 · program services $71,457 · management and general $84,187 · fundraising $74,564

  • 24b · Other expenses: PROPERTY EXPENSE

    total $73,381 · management and general $73,381

  • 24c · Other expenses: PROFESSIONAL DUES

    total $43,904 · program services $7,949 · management and general $31,101 · fundraising $4,854

  • 24d · Other expenses: ANNUAL REPORT

    total $37,356 · program services $12,452 · management and general $12,452 · fundraising $12,452

  • 24e · All other expenses

    total $16,661 · program services $16,661

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $200 · end of year $200

  • 2 · Savings and temporary cash investments

    beginning of year $9,324,020 · end of year $5,689,503

  • 3 · Pledges and grants receivable

    beginning of year $3,700,605 · end of year $3,127,408

  • 4 · Accounts receivable

    beginning of year $1,406 · end of year $106

  • 7 · Other notes and loans receivable

    beginning of year $296,327 · end of year $279,590

  • 9 · Prepaid expenses and deferred charges

    beginning of year $160,361 · end of year $207,883

  • 10a · Land, buildings and equipment: cost or other basis

    $798,205

  • 10b · Land, buildings and equipment: accumulated depreciation

    $707,867

  • 10c · Land, buildings and equipment, net

    beginning of year $122,027 · end of year $90,338

  • 11 · Investments: publicly traded securities

    beginning of year $241,624,197 · end of year $256,449,730

  • 12 · Investments: other securities

    beginning of year $201,748,864 · end of year $170,278,666

  • 13 · Investments: program-related

    end of year $112,972

  • 15 · Other assets

    beginning of year $14,093,682 · end of year $7,883,021

  • 17 · Accounts payable and accrued expenses

    beginning of year $613,151 · end of year $275,912

  • 18 · Grants payable

    beginning of year $1,106,920 · end of year $613,118

  • 19 · Deferred revenue

    beginning of year $40,250 · end of year $217

  • 25 · Other liabilities

    beginning of year $822,352 · end of year $1,029,502

  • 27 · Net assets without donor restrictions

    beginning of year $447,570,065 · end of year $424,319,246

  • 28 · Net assets with donor restrictions

    beginning of year $20,918,951 · end of year $17,881,422

Mission and programs · 2022

Mission

TO BUILD A PERMANENT COMMUNITY ENDOWMENT THAT MEETS THE CURRENT AND CHANGING NEEDS OF THIS REGION THROUGH CREATIVE AND EFFECTIVE PHILANTHROPY.

  • GRANTS, SCHOLARSHIPS, AND PROGRAM SERVICES ARE DISTRIBUTED PRIMARILY IN THE NEW YORK COUNTIES OF MONROE, WAYNE, ONTARIO, LIVINGSTON, GENESEE, ORLEANS, SENECA AND YATES. ROCHESTER AREA COMMUNITY FOUNDATION ASSISTS LOCAL CITIZENS IN MEETING COMMUNITY NEEDS AND IMPROVING THE REGION'S QUALITY OF LIFE THROUGH A VOLUNTARY POOLING OF THEIR FINANCIAL RESOURCES, TIME, AND ENERGY. PRINCIPAL AREAS OF BENEFIT ARE EDUCATION, HUMAN SERVICES, ARTS AND CULTURE, AND CIVIC IMPROVEMENT. DISTRIBUTIONS WERE MADE TO 1,927 AGENCIES AND INDIVIDUALS.

    Expenses $29,030,583 · Grants $27,526,961

As filed on the 2022 return.

Listed in Part VII

  • Mollene B Benison CPA

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Dr William M Valenti

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Abigail J Bennett

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sujatha Ramanujan MD

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • James H Norman

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mark A Eidlin

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Thomas C Mitchell

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ann Stevens

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • R Scott Burdett

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Francis J Clement

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Adam P Anolik

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Fred A Beer

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Richard J Riedman

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David P Veniskey CPA

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David R Ferris Esq

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Carolyn G Nussbaum Esq

    COUNSEL

    Total calculated
    $0
    Hours/week
    1

  • Arline L Bayo Santiago Esq

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michelle A Hutchinson Esq

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gina Cuyler MD

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Flor M Colon

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Ann H McMullen

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Patrick Cunningham

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alyssa S Whitfield

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Todd Butler

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Denishea R Ortiz

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Abigail A Reinhard

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Thomas S Richards

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Leonard

    PRESIDENT AND CEO

    Total calculated
    $615,857
    From this org
    $587,333
    From related orgs
    $0
    Other
    $28,524
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $579,198
    Bonus
    $0
    Other
    $8,135
    Deferred
    $14,243
    Nontaxable benefits
    $14,281
    Filer's total
    $615,857

  • Amy Vars CPA

    SENIOR VP AND CFO

    Total calculated
    $217,292
    From this org
    $206,598
    From related orgs
    $0
    Other
    $10,694
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $205,834
    Bonus
    $0
    Other
    $764
    Deferred
    $10,180
    Nontaxable benefits
    $514
    Filer's total
    $217,292

  • Simeon Banister

    PRESIDENT AND CEO

    Total calculated
    $247,344
    From this org
    $235,144
    From related orgs
    $0
    Other
    $12,200
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $219,444
    Bonus
    $0
    Other
    $15,700
    Deferred
    $11,228
    Nontaxable benefits
    $972
    Filer's total
    $247,344

  • Karen Koons

    SR. DIRECTOR OF FINANCE

    Total calculated
    $140,628
    From this org
    $123,301
    From related orgs
    $0
    Other
    $17,327
    Hours/week
    38 + 2 related

  • Mary Holleran

    SENIOR VP OF COMMUNICATION

    Total calculated
    $152,157
    From this org
    $135,288
    From related orgs
    $0
    Other
    $16,869
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $134,613
    Bonus
    $0
    Other
    $675
    Deferred
    $7,021
    Nontaxable benefits
    $9,848
    Filer's total
    $152,157

  • Andrew Muldoon

    VP OF PHILANTHROPIC ENGAGE

    Total calculated
    $171,599
    From this org
    $152,601
    From related orgs
    $0
    Other
    $18,998
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $152,476
    Bonus
    $0
    Other
    $125
    Deferred
    $7,943
    Nontaxable benefits
    $11,055
    Filer's total
    $171,599

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202400269349301315

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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