Overview
What is Rochester Area Foundation?
The Rochester Area Foundation is a nonprofit organization situated in Rochester, New York. Its primary function involves providing rental space to affiliated and exempt organizations, contributing to a total of approximately 11,000 square feet of leased space. This organization also serves as a recipient and holder of real estate that would otherwise have been obtained by the Rochester Area Community Foundation. By offering this service, the Rochester Area Foundation plays a crucial role in supporting the operations of other nonprofits in the area.
Official website here: www.racf.org
Is Rochester Area Foundation legitimate?
Rochester Area Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rochester Area Foundation 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: $0
For more financial information, click here
Official website here: www.racf.org
What is the mission statement of Rochester Area Foundation?
The Rochester Area Foundation's mission is primarily focused on providing rental space to affiliated and exempt organizations. This service is an extension of what could have been handled by the Rochester Area Community Foundation. Additionally, the foundation also receives and holds real estate that might have otherwise gone to the Rochester Area Community Foundation. By offering this service, the foundation plays a crucial role in supporting various organizations, providing them with a physical space for their operations.
Official website here: www.racf.org
Who is the CEO of Rochester Area Foundation?
Simeon Banister is the Counsel of Rochester Area Foundation. The CEO's salary of Rochester Area Foundation is $0 and their total compensation is $247,344.
Official website here: www.racf.org
What is the revenue of Rochester Area Foundation?
Rochester Area Foundation's revenue in 2023 was $150,000.
Official website here: www.racf.org
Who are the executives of Rochester Area Foundation and what are their salaries?
There 13 volunteers at Rochester Area Foundation.
Here are 16 key members and their salaries (Rochester Area Foundation's CEO's salary is $0 and their total compensation is $247,344):
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- Related: $206,598
- Other: $10,694
- Compensation: $0
- Related: $587,333
- Other: $28,524
- Compensation: $0
- Related: $235,144
- Other: $12,200
Official website here: www.racf.org
Where can I find the form 990 for Rochester Area Foundation?
Rochester Area Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.racf.org
Learn more at the official website: www.racf.org
Mission Statement of Rochester Area Foundation
The Rochester Area Foundation, as a nonprofit organization, is committed to providing rental space to affiliated and exempt organizations. This mission is twofold: firstly, it involves leasing out space within its facilities to these affiliated and exempt organizations. Secondly, the foundation also takes on the responsibility of receiving and holding real estate that would otherwise have been received by the Rochester Area Community Foundation. By undertaking this role, the Rochester Area Foundation plays a significant part in supporting the activities and missions of these affiliated nonprofits, thereby contributing to the broader community. The entire building, approximately 11,000 square feet in size, is currently leased to one non-profit tenant, demonstrating the foundation's dedication to providing a conducive space for these organizations to thrive.
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Impact
October, 2024
The Rochester Area Foundation significantly impacts the community by providing essential rental space to affiliated and exempt organizations, fostering collaboration and support among local nonprofits. By leasing an 11,000-square-foot building to a single nonprofit tenant, it enables these organizations to focus their resources on their missions rather than worrying about housing logistics. This arrangement not only enhances operational efficiency but also strengthens the community's philanthropic efforts, creating a more robust support system for various initiatives in Rochester, NY. By receiving and holding real estate that benefits the Rochester Area Community Foundation, the Rochester Area Foundation plays a crucial role in enhancing the capacity and sustainability of charitable activities in the region.
This information is meant to be a general summary of Rochester Area Foundation. 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 2023.
- Program Service Revenue: $150,000
- Gross Receipts: $150,000
Assets and Liabilities:
- Total Assets: $2,379,607
- Total Liabilities: $1,028,086
- Net Assets: $1,351,521
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$150,000
Organization Details
Founding Year
2003
Phone
(585) 271-4100Principal Officer
Simeon Banister
Main Address
500 EAST AVENUE, ROCHESTER, NY, 14607
Website
www.racf.orgNTEE Category
Code: T11 - Philanthropy
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