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Nonprofiteer
← ROCHESTER AREA FOUNDATION

Form 990 for tax year 2022

Filed by ROCHESTER AREA FOUNDATION.

Totals

Total revenue
$150,000
Total expenses
$147,081
Contributions and grants received
$0
Grants paid
$0
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$146,277
Management and general expenses
$804
Fundraising expenses
$0
Program service expenses (Part III)
$146,277

Program services were 99.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CAROLYN G NUSSBAUM ESQ

    COUNSEL

    Total calculated
    $0
    Hours/week
    1

  • MOLLENE B BENISON CPA

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DAVID P VENISKEY CPA

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID R FERRIS ESQ

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • FLOR M COLON

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MICHELLE A HUTCHINSON ESQ

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RICHARD J RIEDMAN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ABIGAIL J BENNETT

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • THOMAS S RICHARDS

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • R SCOTT BURDETT

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • FRANCIS J CLEMENT

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ARLINE L BAYO SANTIAGO ESQ

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARK A EIDLIN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • AMY S VARS CPA

    SENIOR VP AND CFO

    Total calculated
    $217,292
    From this org
    $0
    From related orgs
    $206,598
    Other
    $10,694
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $205,834 related
    Bonus
    $0
    Other
    $0 + $764 related
    Deferred
    $0 + $10,180 related
    Nontaxable benefits
    $0 + $514 related
    Filer's total
    $0 + $217,292 related

  • JENNIFER LEONARD

    VICE PRESIDENT AND CEO

    Total calculated
    $615,857
    From this org
    $0
    From related orgs
    $587,333
    Other
    $28,524
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $579,198 related
    Bonus
    $0
    Other
    $0 + $8,135 related
    Deferred
    $0 + $14,243 related
    Nontaxable benefits
    $0 + $14,281 related
    Filer's total
    $0 + $615,857 related

  • SIMEON BANISTER

    VICE PRESIDENT AND CEO

    Total calculated
    $247,344
    From this org
    $0
    From related orgs
    $235,144
    Other
    $12,200
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $219,444 related
    Bonus
    $0
    Other
    $0 + $15,700 related
    Deferred
    $0 + $11,228 related
    Nontaxable benefits
    $0 + $972 related
    Filer's total
    $0 + $247,344 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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 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

The filer's explanations (Part III)

FORM 990, SCHEDULE J, PAGE 3, PART III
ROCHESTER AREA COMMUNITY FOUNDATION (RACF), A RELATED ORGANIZATION, WAS RESPONSIBLE FOR PAYING THE COMPENSATION OF THE ORGANIZATION'S FORMER VICE PRESIDENT AND CEO AND THE RESPECTIVE HEALTH OR SOCIAL CLUB DUES, AS WELL AS THE COMPENSATION OF THE VICE PRESIDENT AND CEO AND SENIOR VICE PRESIDENT AND CFO. THE FOLLOWING WAS USED BY RACF WHEN DETERMINING THE VICE PRESIDENT AND CEO'S COMPENSATION - INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION STUDY, FORM 990 OF OTHER ORGANIZATIONS AND APPROVAL BY THE BOARD OF DIRECTORS.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
18 January 2024
IRS schema version
2022v5.0
Source object
202400249349300925

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