Overview
What is Rochester Area Community Foundation Initiatives Inc?
Rochester Area Community Foundation Initiatives Inc is a nonprofit organization situated in Rochester, New York. Its primary focus is to support and sponsor programs and projects that cater to the needs of the local community. Operating exclusively for the benefit of the Rochester Area Community Foundation, the organization has distributed 80 grants to various agencies working towards improving lives within the greater Rochester community. With a modest team of 15 employees, Rochester Area Community Foundation Initiatives Inc plays a significant role in addressing community concerns and fostering positive change.
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)
Rochester Area Community Foundation Initiatives Inc has achieved a perfect score of 100%, reflecting a strong commitment to accountability and financial transparency. The charity’s rating is derived from a detailed assessment of its financial practices, governance, and organizational policies, showcasing an exemplary performance in all evaluated areas.
The foundation benefits from a fully independent board and an effective audit and oversight mechanism, indicating a high standard of governance. Its financial health is impressive, with a low liabilities-to-assets ratio and a significant allocation of 95% of its expenses towards programs, demonstrating that the majority of its resources are directed to its mission.
No significant limitations were noted in the data, which further underscores the organization’s robust operational framework. Overall, the Rochester Area Community Foundation Initiatives Inc exemplifies best practices in nonprofit management, making it a reliable choice for donors seeking to support effective charitable initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Rochester Area Community Foundation Initiatives Inc legitimate?
Rochester Area Community Foundation Initiatives Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rochester Area Community Foundation Initiatives 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: $377,462
For more financial information, click here
Official website here: www.racf.org
What is the mission statement of Rochester Area Community Foundation Initiatives Inc?
Rochester Area Community Foundation Initiatives Inc is an organization that primarily focuses on sponsoring programs and projects aimed at addressing the needs of the community. Its activities are solely dedicated to benefiting and supporting the wider community. The organization has a mission to financially support various agencies working towards improving the lives of people residing in the greater Rochester area, as evident by the 80 grants they have distributed. By doing so, they contribute to the betterment and well-being of their community.
Official website here: www.racf.org
Who is the CEO of Rochester Area Community Foundation Initiatives Inc?
Simeon Banister is the Member of Rochester Area Community Foundation Initiatives Inc. The CEO's salary of Rochester Area Community Foundation Initiatives 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 Initiatives Inc?
Rochester Area Community Foundation Initiatives Inc's revenue in 2023 was $1,936,576.
Official website here: www.racf.org
Who are the executives of Rochester Area Community Foundation Initiatives Inc and what are their salaries?
The average compensation at Rochester Area Community Foundation Initiatives Inc during 2023 was $25,164. There are 15 employees and 15 volunteers at Rochester Area Community Foundation Initiatives Inc.
Here are 16 key members and their salaries (Rochester Area Community Foundation Initiatives 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 Initiatives Inc?
Rochester Area Community Foundation Initiatives 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 Initiatives Inc
Rochester Area Community Foundation Initiatives Inc is dedicated to supporting and sponsoring programs and projects that cater to the needs of their community. This organization operates exclusively for the benefit and well-being of the Rochester Area Community Foundation. Their mission is to channel resources towards initiatives that address various community concerns, aiming to enhance the quality of life for its residents. In the course of their operations, they have approved 80 grants to local agencies, contributing to the betterment of the greater Rochester community.
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Impact
July, 2024
Rochester Area Community Foundation Initiatives Inc impacts the Greater Rochester community by sponsoring programs and projects that address the needs of the community. Through 80 grants paid out to agencies helping people in the area, the organization plays a significant role in supporting initiatives that benefit the community. Their focus on philanthropy contributes to the betterment and well-being of the Rochester community.
This information is meant to be a general summary of Rochester Area Community Foundation Initiatives 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: $33,840
- Gross Receipts: $1,936,576
Assets and Liabilities:
- Total Assets: $1,761,637
- Total Liabilities: $211,895
- Net Assets: $1,549,742
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Organization Details
Founding Year
2001
Phone
(585) 271-4100Principal Officer
Simeon Banister
Main Address
500 EAST AVENUE, ROCHESTER, NY, 14607
Website
www.racf.orgNTEE Category
Code: T30 - Philanthropy
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