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Nonprofiteer
← ROCHESTER EDUCATION FOUNDATION INC

Form 990 for tax year 2022

Filed by ROCHESTER EDUCATION FOUNDATION INC.

Totals

Total revenue
$566,644
Total expenses
$493,720
Contributions and grants received
$553,194
Grants paid
$4,750
Program service revenue
$0
Investment income
$13,450
Other revenue
$0
Total assets, end of year
$647,078
Total liabilities, end of year
$1,570
Net assets or fund balances, end of year
$645,508
Program services expenses (Part IX)
$389,216
Management and general expenses
$104,504
Fundraising expenses
$0
Program service expenses (Part III)
$389,216

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.

  • 1c · Fundraising events

    $69,847

  • 1f · All other contributions, gifts and grants

    $483,347

  • 1g · Noncash contributions included above

    $37,966

  • 3 · Investment income

    total $5,685 · excluded $5,685

  • 7a · Gross sales of assets other than inventory

    securities $125,644

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

    securities $117,879

  • 7c · Gain or loss

    securities $7,765

  • 7d · Net gain or loss

    total $7,765 · excluded $7,765

  • 8a · Fundraising events: gross income

    $1,090

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

    $69,847

  • 8b · Fundraising events: direct expenses

    $1,090

  • 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 $4,750 · program services $4,750

  • 5 · Compensation of officers, directors and key employees

    total $60,542 · program services $50,855 · management and general $9,687

  • 7 · Other salaries and wages

    total $66,449 · program services $55,914 · management and general $10,535

  • 9 · Other employee benefits

    total $10,527 · program services $9,724 · management and general $803

  • 10 · Payroll taxes

    total $9,088 · program services $8,394 · management and general $694

  • 11c · Fees: accounting

    total $12,363 · management and general $12,363

  • 11f · Fees: investment management

    total $2,528 · management and general $2,528

  • 11g · Fees: other

    total $86,086 · program services $41,420 · management and general $44,666

  • 13 · Office expenses

    total $3,848 · program services $1,217 · management and general $2,631

  • 16 · Occupancy

    total $25,569 · program services $20,125 · management and general $5,444

  • 23 · Insurance

    total $2,842 · program services $1,087 · management and general $1,755

  • 24a · Other expenses: Student Activities

    total $83,197 · program services $83,197

  • 24b · Other expenses: Books

    total $48,397 · program services $48,397

  • 24c · Other expenses: Supplies

    total $36,628 · program services $36,628

  • 24d · Other expenses: Instruments

    total $15,945 · program services $15,945

  • 24e · All other expenses

    total $24,961 · program services $11,563 · management and general $13,398

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $117,828 · end of year $190,834

  • 2 · Savings and temporary cash investments

    beginning of year $160,135 · end of year $160,175

  • 3 · Pledges and grants receivable

    beginning of year $45,676

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,188

  • 11 · Investments: publicly traded securities

    beginning of year $300,345 · end of year $295,194

  • 15 · Other assets

    beginning of year $875 · end of year $875

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,068 · end of year $703

  • 21 · Escrow or custodial account liability

    beginning of year $863 · end of year $867

  • 27 · Net assets without donor restrictions

    beginning of year $281,742 · end of year $230,241

  • 28 · Net assets with donor restrictions

    beginning of year $338,374 · end of year $415,267

Mission and programs · 2022

Mission

The Rochester Education Foundation is an independent organization whose mission is to provide programs and resources to improve learning and success for all Rochester city school students through partnerships with educators, businesses and the community.

Activities or mission (Part I)

To provide programs and resources to support the success of Rochester city students.

  • Student Success Programs: REF works with partners throughout the community to provide city students opportunities to learn, grown, and thrive in school and beyond. Through these partnerships, REF provides backbone administrative support while allowing partners to focus on the students. These programs are primarily supported through contributions.

    Expenses $214,606

  • Music and Arts for All: With the help of individuals throughout the community, REF has donated more than 3,650 musical instruments to classrooms and to the Roc music program. We provide scholarships for music lessons and arts camps. We support the Pride of Rochester Marching Band and Roc City Players, as well as musical concerts and performances.This program is primarily supported through contributions.

    Expenses $15,882

  • College Access: REF is the convener of the Rochester College Access Network (RCAN) which includes RCSD and charter school counselors and administrators, professionals from local college and university offices of admissions and financial aid, and community based organizations. Through our award winning FAFSA Fest program, we have helped thousands of students fill out their state and federal financial aid applications. We also provide help with the college application process,searching for scholarships, understanding financial aid, and offer workshops about what to expect in college.This program is primarily supported through contributions.

    Expenses $14,256

  • Give Back, Give Books: We support literacy by providing books for classrooms, school libraries and for students to keep for their home libraries. We have given out more than 75,000 new and gently used books.This program is primarily supported through contributions.

    Expenses $144,472 · Grants $4,750

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sheila Monachino

    Treasurer

    Total calculated
    $0
    Hours/week
    4.6

  • Julie Cook

    Chair

    Total calculated
    $0
    Hours/week
    4.6

  • Diane Miller

    Director

    Total calculated
    $0
    Hours/week
    0.2

  • Marty Jacobson

    Vice Chair

    Total calculated
    $0
    Hours/week
    4.6

  • Sara Kelly

    Director

    Total calculated
    $0
    Hours/week
    0.2

  • Diane Caselli

    Director

    Total calculated
    $0
    Hours/week
    0.2

  • Ed Cavalier

    Director

    Total calculated
    $0
    Hours/week
    0.2

  • Christine Casalinuovo-Adams

    Director

    Total calculated
    $0
    Hours/week
    0.2

  • Mark Wagner

    Secretary

    Total calculated
    $0
    Hours/week
    0.2

  • Ebony Caldwell

    Director

    Total calculated
    $0
    Hours/week
    0.2

  • Rich Pulvino

    Director

    Total calculated
    $0
    Hours/week
    0.2

  • Kamaria Simmons

    Director

    Total calculated
    $0
    Hours/week
    0.2

  • Ian Mortimer

    Director

    Total calculated
    $0
    Hours/week
    0.2

  • Christopher Spence

    Director

    Total calculated
    $0
    Hours/week
    0.2

  • Eric Steiner

    Director

    Total calculated
    $0
    Hours/week
    0.2

  • Amy Stein

    Executive Director (Started in May)

    Total calculated
    $41,979
    From this org
    $41,979
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Todd Allen

    Executive Director (Left in May)

    Total calculated
    $18,563
    From this org
    $18,563
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202323149349303137

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