Overview
What is Rochester Area Foundation?
The Rochester Area Foundation, located at 12 Elton Hills Drive NW, Rochester, Minnesota 55901, is a nonprofit organization committed to improving the quality of life in the greater Rochester area. They accomplish this goal through philanthropic leadership and community partnerships. Their activities include providing grants to various organizations, such as those offering free legal clinics, educational tutoring, data sharing services, cultural services, and a range of programs catering to community needs. With a workforce of 13 individuals, the foundation plays a significant role in enhancing the well-being of their local community.
Official website here: www.rochesterarea.org/
What are the reviews and ratings of this charity?
**Rating from Charity Navigator: 97% (Four-Star out of Four Star Rating)**
The Rochester Area Foundation demonstrates exceptional performance in both financial accountability and cultural impact, as evidenced by its impressive 97% score. The organization maintains a strong governance structure with a fully independent board of 16 members, which is crucial for unbiased decision-making. It showcases a remarkable commitment to financial integrity, with a program expense ratio of over 89%, indicating a majority of its funds directly support its initiatives.
Furthermore, the foundation excels in its approach to community engagement and equity strategies, receiving high scores for its practices in obtaining and utilizing feedback. This indicates a responsive organization that values input from the communities it serves, ensuring their programs are relevant and effective. With a low fundraising efficiency ratio, the foundation also appears to manage its expenses effectively, maximizing the impact of donor contributions.
Notably, user reviews from GreatNonprofits could not be retrieved, leaving a gap in public feedback on the foundation’s operations. However, the data provided by Charity Navigator highlights a well-managed, community-centric nonprofit that prioritizes accountability and engagement within its initiatives.
This AI summary has been generated from information found on Charity Navigator.
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: $115,156
Professional Fundraising Fees: $0
Other Salaries and Wages: $269,977
For more financial information, click here
Official website here: www.rochesterarea.org/
What is the mission statement of Rochester Area Foundation?
The Rochester Area Foundation's mission is centered around enhancing the quality of life in various communities through philanthropic leadership and community partnerships. They achieve this by providing grants to organizations that offer a range of services, including free legal clinics, educational tutoring, data sharing services, cultural programs, and other initiatives aimed at addressing community needs. This foundation operates with a focus on fostering collaborative efforts to bring about positive change.
Official website here: www.rochesterarea.org/
Who is the CEO of Rochester Area Foundation?
Jennifer Woodford is the Trustee of Rochester Area Foundation.
Official website here: www.rochesterarea.org/
What is the revenue of Rochester Area Foundation?
Rochester Area Foundation's revenue in 2022 was $8,020,869.
Official website here: www.rochesterarea.org/
Who are the executives of Rochester Area Foundation and what are their salaries?
The average compensation at Rochester Area Foundation during 2022 was $29,626. There are 13 employees and 97 volunteers at Rochester Area Foundation.
Here are 15 key members and their salaries:
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- Compensation: $108,409
- Related: $36,136
- Other: $8,996
Official website here: www.rochesterarea.org/
Where can I find the form 990 for Rochester Area Foundation?
Rochester Area Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rochesterarea.org/
Learn more at the official website: www.rochesterarea.org/
Mission Statement of Rochester Area Foundation
The Rochester Area Foundation, a philanthropic organization, is committed to enhancing and improving the quality of life in its community. Through its philanthropic leadership and community partnerships, the Foundation aims to make a significant impact. It accomplishes this by providing grants to various organizations that cater to diverse community needs. These grants support initiatives such as free legal clinics, educational tutoring services, data-sharing programs, cultural services, and numerous other projects. By fostering these collaborations, the Rochester Area Foundation contributes to the betterment of its community, striving to make a positive difference in people's lives.
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Impact
July, 2024
Rochester Area Foundation has a significant impact on the greater Rochester area by providing grants to organizations that offer vital services such as free legal clinics, educational tutoring, data sharing services, cultural programs, and various other community-based initiatives. Through its philanthropic leadership and strong community partnerships, the foundation plays a key role in building and enhancing the quality of life 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 2022.
- Investment Income: -$5,471,824
- Program Service Revenue: $352,251
- Gross Receipts: $14,308,935
Assets and Liabilities:
- Total Assets: $45,883,774
- Total Liabilities: $1,063,097
- Net Assets: $44,820,677
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMIN FEE INCOME
Revenue
$352,251
Organization Details
Founding Year
1944
Phone
(507) 282-0203Principal Officer
Jennifer Woodford
Main Address
12 ELTON HILLS DRIVE NW, ROCHESTER, MN, 55901
Website
www.rochesterarea.org/NTEE Category
Code: T310 - Philanthropy
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