Form 990 for tax year 2024
Filed by GREATER ROCHESTER ENTERPRISE INC.
Totals
- Total revenue
- $2,297,833
- Total expenses
- $2,216,346
- Contributions and grants received
- $2,292,987
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $4,846
- Other revenue
- $0
- Total assets, end of year
- $772,477
- Total liabilities, end of year
- $229,718
- Net assets or fund balances, end of year
- $542,759
- Program services expenses (Part IX)
- $1,746,328
- Management and general expenses
- $329,548
- Fundraising expenses
- $140,470
- Program service expenses (Part III)
- $1,746,328
Program services were 78.8% 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.
-
1b · Membership dues
$110,000
-
1d · Related organizations
$1,546,108
-
1f · All other contributions, gifts and grants
$636,879
-
3 · Investment income
total $4,846 · excluded $4,846
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $193,894 · program services $116,336 · management and general $38,779 · fundraising $38,779
-
7 · Other salaries and wages
total $1,023,348 · program services $859,060 · management and general $103,618 · fundraising $60,670
-
9 · Other employee benefits
total $198,917 · program services $158,040 · management and general $26,376 · fundraising $14,501
-
10 · Payroll taxes
total $92,516 · program services $73,504 · management and general $12,268 · fundraising $6,744
-
11g · Fees: other
total $47,369 · management and general $47,369
-
12 · Advertising and promotion
total $358,205 · program services $358,205
-
13 · Office expenses
total $8,421 · program services $2,947 · management and general $3,200 · fundraising $2,274
-
16 · Occupancy
total $32,810 · program services $13,452 · management and general $17,717 · fundraising $1,641
-
17 · Travel
total $47,817 · program services $15,875 · management and general $18,792 · fundraising $13,150
-
22 · Depreciation, depletion and amortization
total $19,416 · program services $9,708 · management and general $9,708
-
23 · Insurance
total $9,413 · program services $3,859 · management and general $5,083 · fundraising $471
-
24a · Other expenses: BUSINESS GROWTH SERVICE
total $114,297 · program services $114,297
-
24b · Other expenses: MEMBERSHIP DUES
total $32,520 · management and general $32,520
-
24c · Other expenses: REPAIRS AND MAINTENANCE
total $18,554 · program services $14,843 · management and general $2,227 · fundraising $1,484
-
24d · Other expenses: UTILITIES AND TELEPHONE
total $15,128 · program services $6,202 · management and general $8,170 · fundraising $756
-
24e · All other expenses
total $3,721 · management and general $3,721
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $63,134 · end of year $52,035
-
3 · Pledges and grants receivable
beginning of year $84,420 · end of year $177,049
-
9 · Prepaid expenses and deferred charges
beginning of year $25,091 · end of year $18,897
-
10a · Land, buildings and equipment: cost or other basis
$262,660
-
10b · Land, buildings and equipment: accumulated depreciation
$127,913
-
10c · Land, buildings and equipment, net
beginning of year $132,913 · end of year $134,747
-
15 · Other assets
beginning of year $403,638 · end of year $389,749
-
17 · Accounts payable and accrued expenses
beginning of year $48,763 · end of year $44,446
-
25 · Other liabilities
beginning of year $138,577 · end of year $185,272
-
27 · Net assets without donor restrictions
beginning of year $256,795 · end of year $338,282
-
28 · Net assets with donor restrictions
beginning of year $265,061 · end of year $204,477
Mission and programs · 2024
Mission
TO ENCOURAGE THE EXPANSION OF EXISTING BUSINESS AND INDUSTRY, AS WELL AS ATTRACTING NEW BUSINESS AND INDUSTRY TO THE NINE-COUNTY ROCHESTER, NY REGION. GRE ALSO WORKS TO EXPAND CAPITAL INVESTMENT IN THE REGION. IT IS GRE'S INTENT THAT BY ENCOURAGING ECONOMIC DEVELOPMENT, UNEMPLOYMENT AND UNDER-EMPLOYMENT IN THE REGION WILL BE RELIEVED AND REDUCED.
Activities or mission (Part I)
TO ENCOURAGE THE EXPANSION OF EXISTING BUSINESS AND INDUSTRY, AS WELL AS ATTRACTING NEW BUSINESS AND INDUSTRY TO THE NINE-COUNTY GREATER ROCHESTER, NEW YORK AREA.
-
SUPPORT OF ECONOMIC DEVELOPMENT IN THE NINE-COUNTY ROCHESTER, NY REGION THROUGH A COLLABORATIVE AND PROFESSIONAL MARKETING EFFORT OF THE PUBLIC AND PRIVATE SECTORS. GRE SERVES AS A MARKETING RESOURCE TO ENCOURAGE THE EXPANSION OF EXISTING BUSINESS AND INDUSTRY, AS WELL AS ATTRACTING NEW BUSINESS AND INDUSTRY TO THE ROCHESTER, NY REGION. GRE ALSO WORKS TO EXPAND CAPITAL INVESTMENT IN THE REGION. IT IS GRE'S INTENT THAT BY ENCOURAGING ECONOMIC DEVELOPMENT, UNEMPLOYMENT AND UNDER-EMPLOYMENT IN THE REGION WILL BE RELIEVED AND REDUCED.
Expenses $1,746,328
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
ADAM BELLO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ANA LISS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
BOBBIE GOHEEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
BRIAN PINCELLI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
DANA MILLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
DANIEL BURNS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
DAVID MUNSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
DAVID DWORKIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
DR DEANNA BURT-NANNA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
GARTH HANKINSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
GAVIN BROWNLIE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
HOWARD KONAR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JENNIFER ESLINGER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JOE MORELLE JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JOSEPH WESLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
KARL SCHULER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
KIM GAYLORD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
LAURIE MARINO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
LORI GREEN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
MATTHEW HURLBUTT
PRESIDENT & CEO
- Total calculated
- $448,912
- From this org
- $387,786
- From related orgs
- $0
- Other
- $61,126
- Hours/week
- 24 + 16 related
Schedule J breakdown matched by us
- Base
- $337,786
- Bonus
- $50,000
- Other
- $0
- Deferred
- $33,350
- Nontaxable benefits
- $27,776
- Filer's total
- $448,912
-
PETER ROBINSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ROBERT MOORE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
RUFUS JUDSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
SCOTT NASCA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
THERESA MAZZULLO
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
THOMAS CARPITELLA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
THOMAS PARKES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
TODD LIEBERT
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
TODD MUSCATELLO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
VINCENT LECCE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
WENDY BELLO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
WILLIAM BOULTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ADRIENNE GREEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MARK MASSE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JIM MORAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
PATRICIA NILSEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
CHARLIE VITA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
BILL GOODRICH
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
DAVID M GROME
SR. MANAGING DIRECTOR, BUS
- Total calculated
- $144,130
- From this org
- $135,735
- From related orgs
- $0
- Other
- $8,395
- Hours/week
- 39 + 1 related
-
KATIE BRESNAN
MANAGING DIRECTOR, BUSINESS DEV
- Total calculated
- $128,326
- From this org
- $119,735
- From related orgs
- $0
- Other
- $8,591
- Hours/week
- 39 + 1 related
-
LEAH GEORGE VANSCOTT
EVP, BUSINESS DEV & STRATEGY
- Total calculated
- $202,685
- From this org
- $180,429
- From related orgs
- $0
- Other
- $22,256
- Hours/week
- 39 + 1 related
Schedule J breakdown matched by us
- Base
- $155,429
- Bonus
- $25,000
- Other
- $0
- Deferred
- $5,616
- Nontaxable benefits
- $16,640
- Filer's total
- $202,685
-
STACI HENNING
EVP, CHIEF MARKETING OFFICER
- Total calculated
- $215,672
- From this org
- $192,941
- From related orgs
- $0
- Other
- $22,731
- Hours/week
- 28 + 12 related
Schedule J breakdown matched by us
- Base
- $182,941
- Bonus
- $10,000
- Other
- $0
- Deferred
- $5,903
- Nontaxable benefits
- $16,828
- Filer's total
- $215,672
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 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 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
The filer's explanations (Part III)
- PART I, LINE 1A
- SOCIAL CLUB DUES ARE PROVIDED IN LIMITED INSTANCES WHEN THE BOARD OF DIRECTORS HAS DETERMINED THAT THE VENUE PROVIDES THE ABILITY TO ENTERTAIN OUT OF TOWN GUESTS IN FURTHERANCE OF THE ORGANIZATION'S MISSION OF FOSTERING ECONOMIC GROWTH IN THE NINE-COUNTY GREATER ROCHESTER REGION. ALL SOCIAL CLUB DUES AND/OR INITIATION FEES ARE APPROVED BY THE ORGANIZATION'S BOARD OF DIRECTORS. ALL PERSONAL EXPENSES ASSOCIATED WITH SOCIAL CLUB MEMBERSHIPS ARE PAID FOR BY THE EMPLOYEE PERSONALLY.
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
No itemized grants to organizations on this return.
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.
-
GREATER ROCHESTER ENTERPRISE FOUNDATION INC
501(C)(3) · GENERATE CONTRIBUTIONS TO SUPPORT GREATER ROCHESTER ENTERPRISE, INC. · NY · controlled entity
Directly controlled by GREATER ROCHESTER ENTERPRISE INC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 24 April 2025
- IRS schema version
- 2024v5.1
- Source object
- 202511189349300616
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.