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Nonprofiteer
← ROCHESTER AREA COMMUNITY FOUNDATION DEPOSITORY INC

Form 990 for tax year 2024

Filed by ROCHESTER AREA COMMUNITY FOUNDATION DEPOSITORY INC.

Totals

Total revenue
$3,775,811
Total expenses
$3,914,356
Contributions and grants received
$3,549,256
Grants paid
$3,668,850
Program service revenue
$0
Investment income
$226,555
Other revenue
$0
Total assets, end of year
$5,358,418
Total liabilities, end of year
$53,911
Net assets or fund balances, end of year
$5,304,507
Program services expenses (Part IX)
$3,668,850
Management and general expenses
$245,506
Fundraising expenses
$0
Program service expenses (Part III)
$3,668,850

Program services were 93.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • SUJATHA RAMANUJAN MD

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARK A EIDLIN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DENISHEA R ORTIZ

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TODD BUTLER

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAMES H NORMAN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANN H MCMULLEN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • FLOR M COLON

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • DR WILLIAM M VALENTI

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ARLINE L BAYO SANTIAGO ESQ

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • FRANCIS J CLEMENT

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • R SCOTT BURDETT

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ALYSSA S WHITFIELD

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ABIGAIL J BENNETT

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROB GALLINA

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ABIGAIL A REINHARD

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CAROLYN G NUSSBAUM ESQ

    COUNSEL

    Total calculated
    $0
    Hours/week
    1

  • DAVID R FERRIS ESQ

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DAVID P VENISKEY CPA

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANN H STEVENS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • FRED A BEER

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ADAM P ANOLIK

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • THOMAS C MITCHELL

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PATRICK CUNNINGHAM

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MOLLENE B BENISON CPA

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • THOMAS S RICHARDS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LANGSTON MCFADDEN ESQ

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GAY MILLS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BARBARA MULLEN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SIMEON BANISTER

    PRESIDENT AND CEO

    Total calculated
    $328,512
    From this org
    $0
    From related orgs
    $312,105
    Other
    $16,407
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $301,150 related
    Bonus
    $0
    Other
    $0 + $10,955 related
    Deferred
    $0 + $15,332 related
    Nontaxable benefits
    $0 + $1,075 related
    Filer's total
    $0 + $328,512 related

  • AMY S VARS CPA

    SENIOR VP AND CFO

    Total calculated
    $260,286
    From this org
    $0
    From related orgs
    $247,491
    Other
    $12,795
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $246,585 related
    Bonus
    $0
    Other
    $0 + $906 related
    Deferred
    $0 + $12,245 related
    Nontaxable benefits
    $0 + $550 related
    Filer's total
    $0 + $260,286 related

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

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

The filer's explanations (Part III)

FORM 990, SCHEDULE J, PAGE 1, PART I, LINE 3
ROCHESTER AREA COMMUNITY FOUNDATION (RACF), A RELATED ORGANIZATION, WAS RESPONSIBLE FOR PAYING THE COMPENSATION AND THE RESPECTIVE HEALTH AND SOCIAL CLUB DUES OF THE PRESIDENT AND CEO AND SENIOR VICE PRESIDENT AND CFO. THE FOLLOWING WAS USED BY RACF WHEN DETERMINING THE PRESIDENT AND CEO'S COMPENSATION - INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION STUDY, FORM 990 OF OTHER ORGANIZATIONS - AND APPROVAL BY THE BOARD OF DIRECTORS.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
16 January 2026
IRS schema version
2024v5.5
Source object
202640219349300529

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

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