Overview
What is Rochester Area Community Foundation Depository Inc?
Rochester Area Community Foundation Depository Inc serves as a grant provider, supporting 501(c)(3) public charities exempt under IRC sections 509(a)(1), (2), and (3). The organization allows donors to choose organizations based on charitable, educational, or community purposes, thereby furthering their exempt missions. During the fiscal year, they served 868 organizations. This nonprofit is based in Rochester, New York, specifically at 500 East Avenue.
Official website here: www.racf.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 100%, Four-Star out of Four Star rating.
The Rochester Area Community Foundation Depository Inc has achieved an impressive four-star rating from Charity Navigator, reflecting its exemplary performance in accountability and finance. With a perfect score in this category, the organization demonstrates a high level of transparency and commitment to responsible financial management, indicated by its zero material diversion of assets and efficient fundraising practices.
The foundation boasts a fully independent board with 27 members, ensuring that governance is impartial and aligned with the best interests of its stakeholders. Their financial oversight is robust, featuring thorough audit and oversight committees that contribute to their strong accountability framework. Additionally, the foundation adheres to best practices in ethics and governance, highlighted by their well-documented policies regarding conflicts of interest and whistleblowing.
While the foundation shows exceptional performance metrics in program expenses and financial health, it is essential to continuously monitor its operational effectiveness and community impact. Overall, the Rochester Area Community Foundation Depository Inc exemplifies a model of nonprofit integrity and efficiency, making it a trustworthy choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Rochester Area Community Foundation Depository Inc legitimate?
Rochester Area Community Foundation Depository Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rochester Area Community Foundation Depository 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: $0
For more financial information, click here
Official website here: www.racf.org
What is the mission statement of Rochester Area Community Foundation Depository Inc?
The Rochester Area Community Foundation Depository Inc's mission is centered around providing grants to eligible 501(c)(3) public charities. These charities are exempt under sections 509(a)(1), (2), and (3) of the Internal Revenue Code. The foundation allows donors to choose organizations based on charitable, educational, or community purposes, aligning with the organizations' exempt missions. During the fiscal year, they served a total of 868 organizations. The purpose of these grants is to support the charities in furthering their exempt missions.
Official website here: www.racf.org
Who is the CEO of Rochester Area Community Foundation Depository Inc?
Simeon Banister is the Member of Rochester Area Community Foundation Depository Inc. The CEO's salary of Rochester Area Community Foundation Depository Inc is $0 and their total compensation is $247,344.
Official website here: www.racf.org
What is the revenue of Rochester Area Community Foundation Depository Inc?
Rochester Area Community Foundation Depository Inc's revenue in 2023 was $3,128,482.
Official website here: www.racf.org
Who are the executives of Rochester Area Community Foundation Depository Inc and what are their salaries?
There 27 volunteers at Rochester Area Community Foundation Depository Inc.
Here are 30 key members and their salaries (Rochester Area Community Foundation Depository Inc's CEO's salary is $0 and their total compensation is $247,344):
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- Related: $587,333
- Other: $28,524
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- Related: $206,598
- Other: $10,694
- Compensation: $0
- Related: $235,144
- Other: $12,200
Official website here: www.racf.org
Where can I find the form 990 for Rochester Area Community Foundation Depository Inc?
Rochester Area Community Foundation Depository Inc'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 Community Foundation Depository Inc
The Rochester Area Community Foundation Depository Inc, in its mission, focuses on providing grants to 501(c)(3) public charities that are exempt under IRC sections 509(a)(1), (2), and (3). This organization allows donors to choose organizations based on their charitable, educational, or community purposes, thereby furthering the exempt missions of these chosen organizations. During the fiscal year, this foundation served a total of 868 organizations, demonstrating its commitment to supporting a wide range of charitable causes. By providing grants, the Rochester Area Community Foundation Depository Inc plays a crucial role in enabling these organizations to carry out their exempt missions and make a positive impact in their respective communities.
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Impact
October, 2024
Rochester Area Community Foundation Depository Inc significantly impacts the community by facilitating financial support for a diverse array of public charities. Through its grant-making activities, it empowers donors to select organizations that align with their charitable, educational, and community interests. This approach not only strengthens local nonprofits but also fosters a culture of philanthropy by enabling community members to contribute to causes they are passionate about.
In the last fiscal year, the foundation served 868 organizations, illustrating its broad reach and commitment to supporting various initiatives that enhance the well-being of the Rochester community. By channeling resources into these public charities, the foundation plays a critical role in addressing pressing community needs, promoting educational programs, and furthering charitable missions. Overall, its work helps to build a more resilient and connected community, driving positive change and social impact across the region.
This information is meant to be a general summary of Rochester Area Community Foundation Depository 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 2023.
- Investment Income: $59,330
- Gross Receipts: $4,180,183
Assets and Liabilities:
- Total Assets: $5,760,315
- Total Liabilities: $754
- Net Assets: $5,759,561
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Organization Details
Founding Year
1991
Phone
(585) 271-4100Principal Officer
Simeon Banister
Main Address
500 EAST AVENUE, ROCHESTER, NY, 14607
Website
www.racf.orgNTEE Category
Code: T31 - Philanthropy
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