Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $389,824

• 1e · Government grants (contributions)

  $716,262

• 1f · All other contributions, gifts and grants

  $1,579,577

• 1g · Noncash contributions included above

  $12,235

• 3 · Investment income

  total $70,459 · excluded $70,459

• 7a · Gross sales of assets other than inventory

  securities $12,473

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

  securities $12,235

• 7c · Gain or loss

  securities $238

• 7d · Net gain or loss

  total $238 · excluded $238

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,998,637 · program services $1,998,637

• 7 · Other salaries and wages

  total $636,377 · program services $624,836 · management and general $266 · fundraising $11,275

• 8 · Pension plan contributions

  total $18,245 · program services $17,915 · management and general $7 · fundraising $323

• 9 · Other employee benefits

  total $61,305 · program services $60,195 · management and general $25 · fundraising $1,085

• 10 · Payroll taxes

  total $50,994 · program services $50,071 · management and general $20 · fundraising $903

• 11b · Fees: legal

  total $3,806 · program services $3,806

• 11c · Fees: accounting

  total $500 · management and general $500

• 11f · Fees: investment management

  total $6,839 · program services $6,839

• 11g · Fees: other

  total $123,586 · program services $123,586

• 12 · Advertising and promotion

  total $14,462 · program services $309 · fundraising $14,153

• 13 · Office expenses

  total $14,451 · program services $14,236 · fundraising $215

• 16 · Occupancy

  total $30,826 · program services $9,140 · management and general $13,465 · fundraising $8,221

• 17 · Travel

  total $351 · program services $351

• 19 · Conferences, conventions and meetings

  total $8,076 · program services $8,076

• 21 · Payments to affiliates

  total $97,082 · management and general $97,082

• 24a · Other expenses: CONVENING & CONTR.SERVI

  total $62,811 · program services $62,811

• 24b · Other expenses: PROFESSIONAL DUES

  total $7,610 · program services $7,610

• 24c · Other expenses: OTHER FEES

  total $6,937 · program services $5,878 · management and general $970 · fundraising $89

• 24d · Other expenses: EQUIPMENT RENTAL

  total $3,547 · program services $3,494 · fundraising $53

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  end of year $51,216

• 2 · Savings and temporary cash investments

  beginning of year $1,873,890 · end of year $1,404,452

• 4 · Accounts receivable

  beginning of year $172,096 · end of year $29,821

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,479 · end of year $7,812

• 15 · Other assets

  beginning of year $0 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $15,379 · end of year $19,801

• 18 · Grants payable

  beginning of year $61,256 · end of year $126,398

• 19 · Deferred revenue

  beginning of year $67,708 · end of year $67,708

• 25 · Other liabilities

  beginning of year $323,540 · end of year $88,894

• 27 · Net assets without donor restrictions

  beginning of year $1,580,582 · end of year $1,190,500

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 ORGANIZATION'S 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.