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Nonprofiteer
← ROCHESTER AREA FOUNDATION

Form 990 for tax year 2022

Filed by ROCHESTER AREA FOUNDATION.

Totals

Total revenue
$8,020,869
Total expenses
$6,828,566
Contributions and grants received
$13,165,930
Grants paid
$5,221,705
Program service revenue
$352,251
Investment income
-$5,471,824
Other revenue
-$25,488
Total assets, end of year
$45,883,774
Total liabilities, end of year
$1,063,097
Net assets or fund balances, end of year
$44,820,677
Program services expenses (Part IX)
$5,959,661
Management and general expenses
$586,523
Fundraising expenses
$282,382
Program service expenses (Part III)
$5,959,661

Program services were 87.3% 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

    $4,632

  • 1d · Related organizations

    $399,881

  • 1e · Government grants (contributions)

    $2,500,152

  • 1f · All other contributions, gifts and grants

    $10,261,265

  • 1g · Noncash contributions included above

    $1,355,529

  • 2a · Program service revenue: ADMIN FEE INCOME

    total $352,251 · related or exempt $352,251

  • 3 · Investment income

    total $775,452 · unrelated business $9,122 · excluded $766,330

  • 6a · Gross rents

    real property $15,302

  • 6b · Less rental expenses

    real property $40,790

  • 6c · Rental income or loss

    real property -$25,488

  • 6d · Net rental income or loss

    total -$25,488 · unrelated business -$13,977 · excluded -$11,511

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

    securities $6,247,276

  • 7c · Gain or loss

    securities -$6,247,276

  • 7d · Net gain or loss

    total -$6,247,276 · excluded -$6,247,276

  • 8a · Fundraising events: gross income

    $0

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

    $4,632

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,221,705 · program services $5,221,705

  • 5 · Compensation of officers, directors and key employees

    total $115,156 · program services $54,123 · management and general $40,305 · fundraising $20,728

  • 7 · Other salaries and wages

    total $269,977 · program services $126,889 · management and general $94,492 · fundraising $48,596

  • 8 · Pension plan contributions

    total $14,692 · program services $6,905 · management and general $5,142 · fundraising $2,645

  • 9 · Other employee benefits

    total $26,731 · program services $12,563 · management and general $9,356 · fundraising $4,812

  • 10 · Payroll taxes

    total $29,147 · program services $13,700 · management and general $10,201 · fundraising $5,246

  • 11c · Fees: accounting

    total $53,949 · program services $25,356 · management and general $18,882 · fundraising $9,711

  • 11f · Fees: investment management

    total $16,681 · program services $7,840 · management and general $5,838 · fundraising $3,003

  • 11g · Fees: other

    total $802,393 · program services $377,125 · management and general $280,838 · fundraising $144,430

  • 12 · Advertising and promotion

    total $43,801 · program services $20,587 · management and general $15,330 · fundraising $7,884

  • 13 · Office expenses

    total $28,269 · program services $11,593 · management and general $15,137 · fundraising $1,539

  • 16 · Occupancy

    total $23,713 · program services $11,145 · management and general $8,300 · fundraising $4,268

  • 17 · Travel

    total $4,839 · program services $2,419 · management and general $1,452 · fundraising $968

  • 19 · Conferences, conventions and meetings

    total $28,684 · program services $2,870 · management and general $22,946 · fundraising $2,868

  • 22 · Depreciation, depletion and amortization

    total $8,351 · program services $3,925 · management and general $2,923 · fundraising $1,503

  • 23 · Insurance

    total $9,832 · program services $4,621 · management and general $3,441 · fundraising $1,770

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $52,792 · program services $24,812 · management and general $18,477 · fundraising $9,503

  • 24b · Other expenses: PROCESSING FEES

    total $29,447 · program services $13,841 · management and general $10,306 · fundraising $5,300

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $13,810 · program services $1,381 · management and general $11,048 · fundraising $1,381

  • 24d · Other expenses: CRT DISBURSEMENTS

    total $11,869 · program services $5,579 · management and general $4,154 · fundraising $2,136

  • 24e · All other expenses

    total $22,728 · program services $10,682 · management and general $7,955 · fundraising $4,091

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $842,058 · end of year $1,384,411

  • 2 · Savings and temporary cash investments

    beginning of year $3,180,932 · end of year $8,124,703

  • 3 · Pledges and grants receivable

    beginning of year $12,323 · end of year $12,383

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,565 · end of year $7,524

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

    $2,644,011

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

    $609,755

  • 10c · Land, buildings and equipment, net

    beginning of year $2,077,009 · end of year $2,034,256

  • 12 · Investments: other securities

    beginning of year $37,469,595 · end of year $32,459,056

  • 15 · Other assets

    beginning of year $1,526,239 · end of year $1,861,441

  • 17 · Accounts payable and accrued expenses

    beginning of year $169,244 · end of year -$256,735

  • 18 · Grants payable

    beginning of year $13,295 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $513,711 · end of year $480,388

  • 25 · Other liabilities

    beginning of year $1,055,990 · end of year $839,444

  • 27 · Net assets without donor restrictions

    beginning of year $37,830,087 · end of year $38,362,098

  • 28 · Net assets with donor restrictions

    beginning of year $5,534,394 · end of year $6,458,579

Mission and programs · 2022

Mission

BUILDING AND ENHANCING THE QUALITY OF LIFE IN THE GREATER ROCHESTER AREA THROUGH PHILANTHROPIC LEADERSHIP AND COMMUNITY PARTNERSHIPS.

  • GRANTS WERE PROVIDED TO ORGANIZATIONS PROVIDING FREE LEGAL CLINICS, EDUCATIONAL TUTORING AND DATA SHARING SERVICES, CULTURAL SERVICES AND EDUCATION, AND A VARIETY OF OTHER PROGRAMS SERVING COMMUNITY NEEDS

    Expenses $5,959,661 · Grants $5,221,705 · Revenue $352,251

As filed on the 2022 return.

Listed in Part VII

  • Tony Benson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mary Ehmke

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Todd Heather

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Beth Krehbiel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mike Paradise

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 0.5 related

  • Erin Sexton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Don Supalla

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • George Thompson

    TRUSTEE (UNTIL DECEMBER 2022)

    Total calculated
    $0
    Hours/week
    2

  • Judi Wilson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dr Kathryn Lombardo

    CHAIR

    Total calculated
    $0
    Hours/week
    6 + 0.5 related

  • Larry Koshire

    1ST VICE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Marco Wageman

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Dave Oeth

    2ND VICE CHAIR

    Total calculated
    $0
    Hours/week
    4 + 0.5 related

  • Chris Wendland

    SECRETARY

    Total calculated
    $0
    Hours/week
    4 + 0.5 related

  • Jennifer Woodford

    EXECUTIVE DIRECTOR

    Total calculated
    $153,541
    From this org
    $108,409
    From related orgs
    $36,136
    Other
    $8,996
    Hours/week
    30 + 12 related

    Schedule J breakdown matched by us

    Base
    $108,409 + $36,136 related
    Bonus
    $0
    Other
    $0
    Deferred
    $5,400 + $1,800 related
    Nontaxable benefits
    $1,347 + $449 related
    Filer's total
    $115,156 + $38,385 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

  • 3 · Compensation committee
  • 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.

  • FIRST HOMES PROPERTIES

    501(C)(3) · TO PROVIDE OPPORTUNITIES FOR LOW AND MODERATE INCOME HOUSEHOLDS IN SE MN · MN · controlled entity

    Directly controlled by ROCHESTER AREA FOUNDATION

  • RAF PROPERTIES

    501(C)(3) · TO RECEIVE, HOLD & DISBURSE ANY REAL PROPERTY FOR ROCHESTER AREA FOUNDATION · MN · controlled entity

    Directly controlled by ROCHESTER AREA FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202343199349320949

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