Form 990 for tax year 2023
Filed by GREATER ROCHESTER ENTERPRISE FOUNDATION INC.
Totals
- Total revenue
- $1,874,703
- Total expenses
- $1,959,748
- Contributions and grants received
- $1,867,970
- Grants paid
- $1,490,050
- Program service revenue
- $0
- Investment income
- $6,733
- Other revenue
- $0
- Total assets, end of year
- $365,061
- Total liabilities, end of year
- $100,000
- Net assets or fund balances, end of year
- $265,061
- Program services expenses (Part IX)
- $1,717,445
- Management and general expenses
- $172,885
- Fundraising expenses
- $69,418
- Program service expenses (Part III)
- $1,717,445
Program services were 87.6% 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
$1,867,970
-
3 · Investment income
total $6,733 · excluded $6,733
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,490,050 · program services $1,490,050
-
7 · Other salaries and wages
total $351,963 · program services $209,358 · management and general $81,751 · fundraising $60,854
-
11g · Fees: other
total $60,195 · management and general $60,195
-
13 · Office expenses
total $1,908 · program services $611 · management and general $772 · fundraising $525
-
16 · Occupancy
total $27,520 · program services $7,662 · management and general $17,428 · fundraising $2,430
-
17 · Travel
total $15,287 · program services $5,076 · management and general $6,010 · fundraising $4,201
-
23 · Insurance
total $2,406 · program services $670 · management and general $1,524 · fundraising $212
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $4,716 · program services $2,821 · management and general $1,079 · fundraising $816
-
24b · Other expenses: UTILITIES AND TELEPHONE
total $4,301 · program services $1,197 · management and general $2,724 · fundraising $380
-
24c · Other expenses: OTHER
total $1,402 · management and general $1,402
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $303,116 · end of year $228,164
-
2 · Savings and temporary cash investments
beginning of year $16,111 · end of year $16,867
-
4 · Accounts receivable
beginning of year $130,879 · end of year $120,030
-
10a · Land, buildings and equipment: cost or other basis
$464,004
-
10b · Land, buildings and equipment: accumulated depreciation
$464,004
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $100,000 · end of year $100,000
-
27 · Net assets without donor restrictions
end of year $0
-
28 · Net assets with donor restrictions
beginning of year $350,106 · end of year $265,061
Mission and programs · 2023
Mission
GENERATE CONTRIBUTIONS TO SUPPORT THE ACTIVITIES OF GREATER ROCHESTER ENTERPRISE, INC.
Activities or mission (Part I)
GENERATE CONTRIBUTIONS TO HELP SUPPORT THE ACTIVITIES OF GREATER ROCHESTER ENTERPRISE, INC.
-
GENERATE CONTRIBUTIONS TO HELP SUPPORT THE COMPANY'S MISSION OF ASSISTING GREATER ROCHESTER ENTERPRISE, INC.
Expenses $1,717,445 · Grants $1,490,050
As filed on the 2023 return.
Listed in Part VII
-
Kim GaylordKIM GAYLORD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lori GreenLORI GREEN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Matthew HurlbuttMATTHEW HURLBUTT
PRESIDENT & CEO
- Total calculated
- $428,310
- From this org
- $0
- From related orgs
- $371,294
- Other
- $57,016
- Hours/week
- 16 + 24 related
Schedule J breakdown matched by us
- Base
- $0 + $308,294 related
- Bonus
- $0 + $63,000 related
- Other
- $0
- Deferred
- $0 + $32,400 related
- Nontaxable benefits
- $0 + $24,616 related
- Filer's total
- $0 + $428,310 related
-
Thomas ParksTHOMAS PARKS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Peter RobinsonPETER ROBINSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Joseph WesleyJOSEPH WESLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Robert MooreROBERT MOORE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Scott NascaSCOTT NASCA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Steven HydeSTEVEN HYDE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Theresa MazzulloTHERESA MAZZULLO
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Thomas CarpitellaTHOMAS CARPITELLA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Todd LiebertTODD LIEBERT
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Rufus JudsonRUFUS JUDSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Wendy BelloWENDY BELLO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Joseph RizzoJOSEPH RIZZO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Garth HankinsonGARTH HANKINSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Adam BelloADAM BELLO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ana LissANA LISS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Vincent LecceVINCENT LECCE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Bobbie GoheenBOBBIE GOHEEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brian PincelliBRIAN PINCELLI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Daniel BurnsDANIEL BURNS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Joe Morelle JrJOE MORELLE JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
David BullwinkleDAVID BULLWINKLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
David DworkinDAVID DWORKIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Deanna Burt-NannaDR DEANNA BURT-NANNA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Frank ImburgiaFRANK IMBURGIA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Howard KonarHOWARD KONAR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Hugh ThomasHUGH THOMAS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
David C Munson JrDAVID C MUNSON JR
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
William GoodrichWILLIAM GOODRICH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Laurie MarinoLAURIE MARINO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dana MillerDANA MILLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Todd MuscatelloTODD MUSCATELLO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Karl SchulerKARL SCHULER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Leah George VanscottLEAH GEORGE VANSCOTT
VP BUSINESS DEVELOPMENT
- Total calculated
- $189,772
- From this org
- $0
- From related orgs
- $170,048
- Other
- $19,724
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $150,048 related
- Bonus
- $0 + $20,000 related
- Other
- $0
- Deferred
- $0 + $5,234 related
- Nontaxable benefits
- $0 + $14,490 related
- Filer's total
- $0 + $189,772 related
-
Staci HenningSTACI HENNING
EXECUTIVE VP, CHIEF MARKET
- Total calculated
- $208,182
- From this org
- $0
- From related orgs
- $187,631
- Other
- $20,551
- Hours/week
- 12 + 28 related
Schedule J breakdown matched by us
- Base
- $0 + $177,631 related
- Bonus
- $0 + $10,000 related
- Other
- $0
- Deferred
- $0 + $5,740 related
- Nontaxable benefits
- $0 + $14,811 related
- Filer's total
- $0 + $208,182 related
-
David M GromeDAVID M GROME
SR. MANAGING DIRECTOR, BUSINESS DEVELOPMENT
- Total calculated
- $134,736
- From this org
- $0
- From related orgs
- $126,756
- Other
- $7,980
- Hours/week
- 1 + 39 related
-
Katie BresnanKATIE BRESNAN
MANAGING DIRECTOR, BUSINESS DEVELOPMENT
- Total calculated
- $122,725
- From this org
- $0
- From related orgs
- $114,525
- Other
- $8,200
- Hours/week
- 1 + 39 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
None.
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 1, LINE 3
- GREATER ROCHESTER ENTERPRISE, INC. USES BENCHMARKING, NATIONAL COMPARISONS, HISTORICAL COMPENSATION TRENDS AND OUTSIDE CONSULTANTS. COMPENSATION IS MONITORED AND DETERMINED BY A COMMITTEE OF BOARD MEMBERS.
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
-
GREATER ROCHESTER ENTERPRISE INC
$1,490,050
TO SUPPORT PROGRAM SERVICES.
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 ENTERPRISE INC
501(C)(6) · PROMOTE ECONOMIC DEVELOPMENT IN NINE-COUNTY ROCHESTER NY AREA · NY
Directly controlled by NONE
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 11 April 2024
- IRS schema version
- 2023v5.0
- Source object
- 202421039349301207
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