Form 990 for tax year 2022
Filed by GREATER ROCHESTER CHAMBER OF COMMERCE FOUNDATION INC.
Totals
- Total revenue
- $2,142,578
- Total expenses
- $1,910,687
- Contributions and grants received
- $2,007,609
- Grants paid
- $0
- Program service revenue
- $134,969
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $2,947,765
- Total liabilities, end of year
- $402,905
- Net assets or fund balances, end of year
- $2,544,860
- Program services expenses (Part IX)
- $1,675,674
- Management and general expenses
- $158,860
- Fundraising expenses
- $76,153
- Program service expenses (Part III)
- $1,675,674
Program services were 87.7% 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
$2,007,609
-
2a · Program service revenue: TRAINING PROGRAMS
total $134,969 · related or exempt $134,969
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $422,457 · program services $394,681 · management and general $13,888 · fundraising $13,888
-
8 · Pension plan contributions
total $11,417 · program services $10,661 · management and general $378 · fundraising $378
-
9 · Other employee benefits
total $32,449 · program services $30,427 · management and general $1,011 · fundraising $1,011
-
10 · Payroll taxes
total $27,584 · program services $26,148 · management and general $718 · fundraising $718
-
11g · Fees: other
total $1,168,931 · program services $1,046,196 · management and general $62,577 · fundraising $60,158
-
16 · Occupancy
total $23,757 · management and general $23,757
-
19 · Conferences, conventions and meetings
total $128,439 · program services $128,439
-
22 · Depreciation, depletion and amortization
total $26,628 · management and general $26,628
-
24a · Other expenses: OTHER
total $49,994 · program services $20,091 · management and general $29,903
-
24b · Other expenses: SMALL BUSINESS COUNCIL
total $19,031 · program services $19,031
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,455,731 · end of year $1,535,941
-
3 · Pledges and grants receivable
beginning of year $1,265,589 · end of year $1,343,212
-
4 · Accounts receivable
beginning of year $4,949 · end of year $19,749
-
9 · Prepaid expenses and deferred charges
beginning of year $13,744 · end of year $3,550
-
10a · Land, buildings and equipment: cost or other basis
$397,372
-
10b · Land, buildings and equipment: accumulated depreciation
$352,059
-
10c · Land, buildings and equipment, net
beginning of year $67,691 · end of year $45,313
-
17 · Accounts payable and accrued expenses
beginning of year $17,305 · end of year $99,408
-
19 · Deferred revenue
beginning of year $22,569 · end of year $40,050
-
25 · Other liabilities
beginning of year $454,861 · end of year $263,447
-
27 · Net assets without donor restrictions
beginning of year $183,281 · end of year $130,243
-
28 · Net assets with donor restrictions
beginning of year $2,129,688 · end of year $2,414,617
Mission and programs · 2022
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. (170 INDIVIDUALS, 87 COMPANIES SERVED)
Expenses $107,719 · Revenue $134,969
-
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 ROC2025 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 $1,567,955
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Robert S SandsROBERT S SANDS
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Eric JohnsonERIC JOHNSON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Lauren DixonLAUREN DIXON
2ND VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
David BeinettiDAVID BEINETTI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Richard DavisRICHARD DAVIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Martin BirminghamMARTIN BIRMINGHAM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Julie CamardoJULIE CAMARDO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Daniel DiefendorfDANIEL DIEFENDORF
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
William GoodrichWILLIAM GOODRICH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dinah GueldenpfennigDINAH GUELDENPFENNIG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
James HammerJAMES HAMMER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Daniel BurnsDANIEL BURNS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Deanna Burt-NannaDEANNA BURT-NANNA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Lauren KellyLAUREN KELLY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Michele LiddleMICHELE LIDDLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Stefani LidestriSTEFANI LIDESTRI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Heidi MacPhersonHEIDI MACPHERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Faheem MasoodFAHEEM MASOOD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Bradley McAreavyBRADLEY MCAREAVY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dana MehnertDANA MEHNERT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jett MehtaJETT MEHTA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Martin MucciMARTIN MUCCI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Michael NuccitelliMICHAEL NUCCITELLI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Johnathan PerrottiJOHNATHAN PERROTTI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Deana PorterfieldDEANA PORTERFIELD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Tyrone ReavesTYRONE REAVES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
James ReedJAMES REED
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Gerald RooneyGERALD ROONEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Donna ShultzDONNA SHULTZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Matthew TippleMATTHEW TIPPLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Daniel WegmanDANIEL WEGMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
James YockelJAMES YOCKEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Johnathan PittonJOHNATHAN PITTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Andrew GallinaANDREW GALLINA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Susan HollidaySUSAN HOLLIDAY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Thomas JudsonTHOMAS JUDSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Steven LevanSTEVEN LEVAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
David MunsonDAVID MUNSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Elizabeth PaulELIZABETH PAUL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
John SummersJOHN SUMMERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Terrance TaberTERRANCE TABER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Brian FlanaganBRIAN FLANAGAN
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mark TaubmanMARK TAUBMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Thomas WilmotTHOMAS WILMOT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jay GreenJAY GREEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Brian FlanaganBRIAN FLANAGAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Robert DuffyROBERT DUFFY
PRESIDENT & CEO
- Total calculated
- $431,565
- From this org
- $0
- From related orgs
- $390,192
- Other
- $41,373
- Hours/week
- 1 + 60 related
Schedule J breakdown matched by us
- Base
- $0 + $298,923 related
- Bonus
- $0 + $80,300 related
- Other
- $0 + $10,969 related
- Deferred
- $0 + $20,500 related
- Nontaxable benefits
- $0 + $20,873 related
- Filer's total
- $0 + $431,565 related
-
Christyne HuertaCHRISTYNE HUERTA
CHIEF FINANCIAL OFFICER
- Total calculated
- $139,950
- From this org
- $0
- From related orgs
- $117,268
- Other
- $22,682
- Hours/week
- 1 + 36.5 related
-
Robert LemenROBERT LEMEN
CHIEF FINANCIAL OFFICER (THROUGH 2/22)
- Total calculated
- $15,368
- From this org
- $0
- From related orgs
- $15,368
- Other
- $0
- Hours/week
- 1 + 36.5 related
-
Joseph StefkoJOSEPH STEFKO
CEO OF ROC2025, INC. (OUTS
- Total calculated
- $286,057
- From this org
- $0
- From related orgs
- $253,216
- Other
- $32,841
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- $0 + $222,346 related
- Bonus
- $0 + $30,000 related
- Other
- $0 + $870 related
- Deferred
- $0 + $10,000 related
- Nontaxable benefits
- $0 + $22,841 related
- Filer's total
- $0 + $286,057 related
-
Barbara EgenhoferBARBARA EGENHOFER
CHIEF OF TALENT STRATEGY
- Total calculated
- $202,273
- From this org
- $0
- From related orgs
- $183,970
- Other
- $18,303
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $0 + $152,596 related
- Bonus
- $0 + $30,000 related
- Other
- $0 + $1,374 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $18,303 related
- Filer's total
- $0 + $202,273 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.
-
GREATER ROCHESTER CHAMBER OF COMMERCE INC
501(C)(6) · AID IN DEVELOPMENT AND MAINTENANCE OF EMPLOYER-EMPLOYEE RELATIONS · NY
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
- 2022
- Filed
- 30 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303049349301100
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