Overview
What is Greater Rochester Enterprise Foundation Inc?
Greater Rochester Enterprise Foundation Inc, located at 100 Chestnut Street Suite 1910, Rochester, New York 14604, is a nonprofit organization dedicated to raising funds to support the mission of Greater Rochester Enterprise, Inc. The foundation's primary role is to generate contributions, aiding in the realization of the parent organization's objectives. While the specific activities supported by the foundation are not explicitly stated in the provided information, it can be inferred that they contribute to the overall goals and initiatives of Greater Rochester Enterprise, Inc.
Official website here: www.rochesterbiz.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating
The Greater Rochester Enterprise Foundation Inc has received a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. With a score of 96% in this category, the foundation demonstrates a high level of financial health and operational transparency. The evaluation primarily focuses on the foundation's ability to manage its funds responsibly, showcasing effective oversight and adherence to best practices.
Key strengths of the organization include its fully independent board, which consists of 97% independent members, and a robust financial oversight structure, scoring full points in audit and oversight committee evaluations. The foundation has maintained a favorable liabilities to assets ratio of 27.39%, indicating a solid financial position, and an impressive program expense ratio of 88.56%, signifying that a significant portion of its funds is directed toward its mission-driven programs.
Overall, the foundation's policies regarding conflict of interest, whistleblower protections, and document retention are well-established, further enhancing its credibility. The absence of any material diversion of assets adds to its integrity. There are no notable limitations in the information available, indicating a well-managed organization committed to its objectives.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Rochester Enterprise Foundation Inc legitimate?
Greater Rochester Enterprise Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Rochester Enterprise Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $262,236
For more financial information, click here
Official website here: www.rochesterbiz.com
What is the mission statement of Greater Rochester Enterprise Foundation Inc?
The Greater Rochester Enterprise Foundation Inc's mission is centered around raising funds to aid in the activities of Greater Rochester Enterprise Inc. Their primary goal is to assist this organization in its mission, although the specifics of Greater Rochester Enterprise Inc's mission are not provided in the given information. The Foundation's role is to generate contributions, which in turn help support the initiatives and operations of Greater Rochester Enterprise Inc.
Official website here: www.rochesterbiz.com
Who is the CEO of Greater Rochester Enterprise Foundation Inc?
Matthew C Hurlbutt is the Board Member of Greater Rochester Enterprise Foundation Inc. The CEO's salary of Greater Rochester Enterprise Foundation Inc is $0 and their total compensation is $347,572.
Official website here: www.rochesterbiz.com
What is the revenue of Greater Rochester Enterprise Foundation Inc?
Greater Rochester Enterprise Foundation Inc's revenue in 2022 was $1,824,256.
Official website here: www.rochesterbiz.com
Who are the executives of Greater Rochester Enterprise Foundation Inc and what are their salaries?
There 33 volunteers at Greater Rochester Enterprise Foundation Inc.
Here are 40 key members and their salaries (Greater Rochester Enterprise Foundation Inc's CEO's salary is $0 and their total compensation is $347,572):
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- Related: $117,654
- Other: $3,563
Official website here: www.rochesterbiz.com
Where can I find the form 990 for Greater Rochester Enterprise Foundation Inc?
Greater Rochester Enterprise Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rochesterbiz.com
Learn more at the official website: www.rochesterbiz.com
Mission Statement of Greater Rochester Enterprise Foundation Inc
Greater Rochester Enterprise Foundation Inc is dedicated to raising funds to bolster the activities of Greater Rochester Enterprise, Inc. This nonprofit organization's mission is centered around providing financial support to aid in the fulfillment of Greater Rochester Enterprise's purpose. The Foundation's role is instrumental in assisting the main organization in achieving its objectives. By generating contributions, the Foundation contributes to the overall success and growth of Greater Rochester Enterprise, Inc.
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Impact
July, 2024
Greater Rochester Enterprise Foundation Inc's impact is significant in supporting the activities of Greater Rochester Enterprise, Inc., contributing to the improvement of the Rochester community. By generating contributions, this foundation helps advance the mission of Greater Rochester Enterprise to promote economic development, create jobs, and drive growth in the region. Through its support, Greater Rochester Enterprise Foundation Inc plays a crucial role in fostering a thriving business environment and enhancing the overall quality of life in Rochester, NY.
This information is meant to be a general summary of Greater Rochester Enterprise Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $200
- Gross Receipts: $1,824,256
Assets and Liabilities:
- Total Assets: $450,106
- Total Liabilities: $100,000
- Net Assets: $350,106
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Organization Details
Founding Year
2002
Phone
(585) 530-6200Principal Officer
Matthew C Hurlbutt
Main Address
100 CHESTNUT ST SUITE 1910, ROCHESTER, NY, 14604
Website
www.rochesterbiz.comNTEE Category
Code: S31 - Community improvement
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