Overview
What is Rochester Area Community Foundation?
The Rochester Area Community Foundation is a nonprofit organization located in Rochester, New York, at 500 East Avenue, 14607. It primarily serves the counties of Monroe, Wayne, Ontario, Livingston, Genesee, Orleans, Seneca, and Yates. Their mission is to build a permanent community endowment, using creative and effective philanthropy, to address the current and evolving needs of the region. The foundation distributes grants, scholarships, and program services, assisting local citizens in improving the community's quality of life through a collective pooling of their financial resources, time, and energy. Principal areas of benefit include education, human services, arts and culture, and civic improvement. In 2022, distributions were made to 1,944 agencies and individuals.
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) from Charity Navigator.
The Rochester Area Community Foundation has achieved a perfect score of 100%, demonstrating exceptional accountability and financial integrity. This high rating reflects the organization's commitment to transparency, with strong governance practices such as a fully independent board and comprehensive conflict of interest and whistleblower policies in place. The foundation's financial health is commendable, indicated by its low liabilities to assets ratio and high program expense ratio, which suggests that a significant portion of its funds is directed towards its mission.
Strengths of the foundation include its effective management of resources, evidenced by a fundraising efficiency ratio of $0.0625, signaling that it spends minimal amounts on fundraising in relation to the funds raised. The organization also benefits from a substantial working capital ratio, indicating its ability to sustain operations over the long term. The presence of a well-documented audit and oversight committee further enhances confidence in its financial practices.
While the Rochester Area Community Foundation stands out for its strengths, potential donors and stakeholders should remain aware that the rating does not provide insights into the specific impact of its programs or services. Nonetheless, the robust financial practices and governance structures suggest a high level of reliability and trustworthiness in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Rochester Area Community Foundation legitimate?
Rochester Area Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rochester Area Community 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: $669,943
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,272,736
For more financial information, click here
Official website here: www.racf.org
What is the mission statement of Rochester Area Community Foundation?
The Rochester Area Community Foundation aims to establish a permanent endowment that addresses the current and evolving needs of the community through innovative and productive philanthropy. Grants, scholarships, and program services are primarily allocated to improve the quality of life in various sectors, including education, human services, arts and culture, and civic improvement. The foundation facilitates local citizens in meeting community requirements through the voluntary pooling of their financial resources, time, and energy. Its primary areas of impact include education, human services, arts and culture, and civic improvement, with distributions made to over 1900 agencies and individuals.
Official website here: www.racf.org
Who is the CEO of Rochester Area Community Foundation?
Simeon Banister is the Treasurer of Rochester Area Community Foundation. The CEO's salary of Rochester Area Community Foundation is $337,737 and their total compensation is $409,982.
Official website here: www.racf.org
What is the revenue of Rochester Area Community Foundation?
Rochester Area Community Foundation's revenue in 2022 was $87,623,690.
Official website here: www.racf.org
Who are the executives of Rochester Area Community Foundation and what are their salaries?
The average compensation at Rochester Area Community Foundation during 2022 was $86,549. There are 34 employees and 232 volunteers at Rochester Area Community Foundation.
Here are 32 key members and their salaries (Rochester Area Community Foundation's CEO's salary is $337,737 and their total compensation is $409,982):
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- Compensation: $337,737
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- Other: $18,360
Official website here: www.racf.org
Where can I find the form 990 for Rochester Area Community Foundation?
Rochester Area Community Foundation's most recent form 990 was submitted in 2022 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
The Rochester Area Community Foundation is a philanthropic organization dedicated to building a permanent endowment that responds to the current and evolving needs of its community. This commitment to creative and effective giving is at the heart of its mission.
Through voluntary contributions of time, energy, and financial resources, the foundation serves to enhance the quality of life in the regions of Monroe, Wayne, Ontario, Livingston, Genesee, Orleans, Seneca, and Yates. By pooling these resources, the organization is able to distribute grants, scholarships, and program services that primarily benefit the areas of education, human services, arts and culture, and civic improvement.
In the past, the Rochester Area Community Foundation has provided assistance to 1944 agencies and individuals. Its efforts have been instrumental in helping local citizens meet community needs and contribute to the overall improvement of the region. The foundation's grants and services have touched a wide range of areas, enriching the lives of countless individuals and fostering a vibrant and thriving community.
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Impact
October, 2024
The Rochester Area Community Foundation significantly enhances the quality of life in the region by building a permanent community endowment that addresses both current and evolving needs. Through strategic philanthropy, it distributes grants, scholarships, and program services primarily across several New York counties, including Monroe, Wayne, Ontario, Livingston, Genesee, Orleans, Seneca, and Yates.
By pooling the financial resources, time, and energy of local citizens, the foundation effectively supports a diverse range of initiatives. Its principal areas of focus include education, human services, arts and culture, and civic improvement, impacting nearly 2,000 agencies and individuals. This collaborative approach not only meets immediate community needs but also fosters a sustainable framework for continued support and development in the region.
This information is meant to be a general summary of Rochester Area Community 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 2022.
- Investment Income: $44,760,278
- Gross Receipts: $186,501,749
Assets and Liabilities:
- Total Assets: $471,071,689
- Total Liabilities: $2,582,673
- Net Assets: $468,489,016
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Organization Details
Founding Year
1972
Phone
(585) 271-4100Principal Officer
Simeon Banister
Main Address
500 EAST AVENUE, ROCHESTER, NY, 146071912
Website
www.racf.orgNTEE Category
Code: T310 - Philanthropy
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