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Nonprofiteer
← GREATER ROCHESTER CHAMBER OF COMMERCE FOUNDATION INC

Form 990 for tax year 2025

Filed by GREATER ROCHESTER CHAMBER OF COMMERCE FOUNDATION INC.

Totals

Total revenue
$6,107,581
Total expenses
$2,149,536
Contributions and grants received
$5,869,697
Grants paid
$0
Program service revenue
$115,317
Investment income
$122,567
Other revenue
$0
Total assets, end of year
$9,275,634
Total liabilities, end of year
$389,294
Net assets or fund balances, end of year
$8,886,340
Program services expenses (Part IX)
$1,915,294
Management and general expenses
$192,605
Fundraising expenses
$41,637
Program service expenses (Part III)
$1,915,294

Program services were 89.1% 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.

  • 1f · All other contributions, gifts and grants

    $5,869,697

  • 1g · Noncash contributions included above

    $120,628

  • 2a · Program service revenue: TRAINING PROGRAMS

    total $115,317 · related or exempt $115,317

  • 3 · Investment income

    total $122,567 · excluded $122,567

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $529,634 · program services $502,210 · management and general $13,712 · fundraising $13,712

  • 8 · Pension plan contributions

    total $15,596 · program services $14,800 · management and general $398 · fundraising $398

  • 9 · Other employee benefits

    total $34,089 · program services $32,349 · management and general $870 · fundraising $870

  • 10 · Payroll taxes

    total $35,557 · program services $33,743 · management and general $907 · fundraising $907

  • 11c · Fees: accounting

    total $6,000 · program services $6,000

  • 11g · Fees: other

    total $1,149,247 · program services $1,098,461 · management and general $25,036 · fundraising $25,750

  • 16 · Occupancy

    total $93,563 · management and general $93,563

  • 19 · Conferences, conventions and meetings

    total $106,059 · program services $106,059

  • 22 · Depreciation, depletion and amortization

    total $1,660 · management and general $1,660

  • 24a · Other expenses: OTHER

    total $117,078 · program services $60,898 · management and general $56,180

  • 24b · Other expenses: GREATER ROCHESTER QUALI

    total $44,620 · program services $44,620 · management and general $0

  • 24c · Other expenses: SMALL BUSINESS COUNCIL

    total $16,433 · program services $16,154 · management and general $279

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,259,244 · end of year $5,954,078

  • 3 · Pledges and grants receivable

    beginning of year $2,073,854 · end of year $3,276,940

  • 4 · Accounts receivable

    beginning of year $2,616 · end of year $13,002

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,858 · end of year $28,333

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

    $27,076

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

    $23,795

  • 10c · Land, buildings and equipment, net

    beginning of year $4,941 · end of year $3,281

  • 17 · Accounts payable and accrued expenses

    beginning of year $100,501 · end of year $157,156

  • 19 · Deferred revenue

    beginning of year $108,353 · end of year $106,443

  • 25 · Other liabilities

    beginning of year $226,364 · end of year $125,695

  • 27 · Net assets without donor restrictions

    beginning of year $56,218 · end of year $183,080

  • 28 · Net assets with donor restrictions

    beginning of year $4,872,077 · end of year $8,703,260

Mission and programs · 2025

Mission

THE COMPANY'S PURPOSE IS TO:A. PROMOTE, SUPPLEMENT, AND ENRICH THE EDUCATION AND WELFARE OF STUDENTS IN THE ROCHESTER, NEW YORK AREA; B. PROMOTE, SUPPLEMENT, AND ENRICH THE STUDY OF SCIENCE AND MATHEMATICS BY HIGH SCHOOL AND JUNIOR HIGH SCHOOL STUDENTS IN THE ROCHESTER, NEW YORK AREA;C. PROVIDE TRAINING AND RELATED ASSISTANCE AND SUPPORTIVE SERVICE TO ADULT WORKERS, EMPLOYED, UNEMPLOYED, AND UNEMPLOYABLE PERSONS, INCLUDING THOSE FROM ECONOMICALLY DISADVANTAGED AREAS OF MONROE COUNTY, IN ORDER TO INCREASE THEIR SELF-SUFFICIENCY, IMPROVE WORK COMPETENCIES, AND MAXIMIZE JOB OPPORTUNITIES; ANDD. SUPPORT THE CHARITABLE ACTIVITIES OF OTHER ORGANIZATIONS AND COMMUNITY INITIATIVES THAT PROMOTE ECONOMIC DEVELOPMENT IN THE GREATER ROCHESTER AREA OF NEW YORK.

Activities or mission (Part I)

GREATER ROCHESTER CHAMBER OF COMMERCE FOUNDATION, INC. PROMOTES, SUPPLEMENTS AND ENRICHES THE EDUCATION AND WELFARE OF STUDENTS IN THE GREATER ROCHESTER, NEW YORK/FINGER LAKES REGION; WORKS TO STRENGTHEN ECONOMIC GROWTH AND EXPANSION THROUGHOUT THE GREATER ROCHESTER, NEW YORK/FINGER LAKES REGION; AND FURTHERS WORKFORCE DEVELOPMENT AND TALENT STRATEGY INITIATIVES THROUGHOUT THE GREATER ROCHESTER, NEW YORK/FINGER LAKES REGION.

  • TRAINING: PROMOTE, SUPPLEMENT AND ENRICH WORKFORCE TRAINING OF REGIONAL EMPLOYEES. (147 INDIVIDUALS, 97 COMPANIES SERVED)

    Expenses $45,785 · Revenue $115,317

  • COORDINATION AND CONVENING: ESTABLISH RELATIONSHIPS WITH CHARITABLE, EDUCATIONAL, AND BUSINESS ORGANIZATIONS IN THE GREATER ROCHESTER & FINGER LAKES REGION TO STRATEGICALLY COORDINATE EFFORTS IN FURTHERANCE OF ECONOMIC VITALITY AND OPPORTUNITY FOR THE REGION'S WORKFORCE. THIS INCLUDES PROVIDING ADMINISTRATIVE SUPPORT FOR THE ONE ROC INITIATIVE, A POWERFUL ALLIANCE OF ECONOMIC DEVELOPMENT ORGANIZATIONS DEDICATED TO MAKING GREATER ROCHESTER, NEW YORK ONE OF THE MOST DYNAMIC AND RAPIDLY GROWING REGIONAL ECONOMIES IN THE UNITED STATES.

    Expenses $1,869,509

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kathy Richmond

    SR. DIRECTOR

    Total calculated
    $134,106
    From this org
    $0
    From related orgs
    $129,164
    Other
    $4,942
    Hours/week
    1 + 36.5 related

  • Susan Holliday

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Faheem Masood

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Martin Mucci

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Micheal Nevins

    SR. DIRECTOR

    Total calculated
    $154,409
    From this org
    $0
    From related orgs
    $131,139
    Other
    $23,270
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $110,321 related
    Bonus
    $0 + $20,420 related
    Other
    $0 + $398 related
    Deferred
    $0 + $4,663 related
    Nontaxable benefits
    $0 + $18,607 related
    Filer's total
    $0 + $154,409 related

  • Robert Duffy

    PRESIDENT & CEO

    Total calculated
    $472,083
    From this org
    $0
    From related orgs
    $422,760
    Other
    $49,323
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $331,280 related
    Bonus
    $0 + $80,000 related
    Other
    $0 + $11,480 related
    Deferred
    $0 + $34,039 related
    Nontaxable benefits
    $0 + $15,284 related
    Filer's total
    $0 + $472,083 related

  • Christyne Huerta

    CHIEF FINANCIAL OFFICER

    Total calculated
    $148,185
    From this org
    $0
    From related orgs
    $130,745
    Other
    $17,440
    Hours/week
    1 + 36.5 related

  • Barbara Egenhofer

    SR. DIRECTOR

    Total calculated
    $164,473
    From this org
    $0
    From related orgs
    $152,015
    Other
    $12,458
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $89,015 related
    Bonus
    $0 + $42,584 related
    Other
    $0 + $20,416 related
    Deferred
    $0 + $3,125 related
    Nontaxable benefits
    $0 + $9,333 related
    Filer's total
    $0 + $164,473 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
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 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

The filer's explanations (Part III)

PART I, LINE 1A
MR. DUFFY'S COMPENSATION IS DETERMINED AND APPROVED BY THE HR AND COMPENSATION COMMITTEE OF THE GREATER ROCHESTER CHAMBER OF COMMERCE, WHICH IS THE SOLE CORPORATE MEMBER OF THE ORGANIZATION.

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.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ROCHESTER INDUSTRIES PLACEMENT INC

    C · EMPLOYMENT SERVICES · NY

    Directly controlled by GREATER ROCHESTER CHAMBER OF COMMERCE INC

Provenance

Return type
form_990
Tax year
2025
Filed
1 September 2026
IRS schema version
2025v4.2
Source object
202612449349300936

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