Rochester Area Community Foundation
87% goes to programs $5 to raise $100 Strong reserves Declining revenue
Rochester Area Community Foundation is a 501(c)(3) organization based in Rochester, New York, registered in 1972, with $64,764,956 in FY2024 revenue. CharityIndex grades it A, and it directs about 87% of spending to programs.
500 East Avenue, Rochester, NY, 14607 EIN 23-7250641 Since 1972
Revenue (FY2024)
$64.8M
▲ 35.1% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$38.1M
Net assets
$507.9M
Employees
38
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating87% to programs · $5 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Rochester Area Community Foundation: 87% to programs · $5 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating160 mo reserves · +41% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Rochester Area Community Foundation: 160 mo reserves · +41% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Rochester Area Community Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Rochester Area Community Foundation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To build a permanent community endowment that meets the current and changing needs of this region through creative and effective philanthropy.
Contact & location
- Address
- 500 East Avenue, Rochester, NY, 14607
- City
- Rochester
- State
- New York
- Subcategory
- Public Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $39.3M (FY2018) to $64.8M (FY2024) across 7 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2.8MNet assets $507.9M
Operating margin
41.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$510.7M
Total liabilities
$2.8M
Net assets
$507.9M
Salaries & benefits
$4.4M
11% of expenses
Board members
28
28 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $64,764,956▲35.1% | $38,141,014▲5.9% | $507,895,018▲3.8% | $510,712,589▲4.1% | 990 |
| 2023 | $47,939,929▲12.0% | $36,020,652▲7.4% | $489,071,195▲10.6% | $490,582,295▲10.5% | 990 |
| 2022 | $42,793,588▼51.2% | $33,549,993▲1.7% | $442,200,668▼5.6% | $444,119,417▼5.7% | 990 |
| 2021 | $87,623,690▲47.1% | $32,982,587▲0.5% | $468,489,016▲3.8% | $471,071,689▲4.1% | 990 |
| 2020 | $59,557,190▲56.8% | $32,827,784▲7.1% | $451,287,843▲39.3% | $452,673,006▲39.0% | 990 |
| 2019 | $37,972,503▼3.5% | $30,649,438▼7.8% | $323,904,809▼12.8% | $325,660,276▼12.8% | 990 |
| 2018 | $39,346,580 | $33,229,001 | $371,552,512 | $373,438,657 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Simeon Banister — $312,105 (0.82% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Simeon Banister | President and Ceo | 34 | $312,105 |
| Amy Vars CPA | Senior Vp and Cfo | 34 | $247,491 |
| Andrew Muldoon | Vp of Philanthropic Engagement | 34 | $195,506 |
| Erin Barry | Vp of Community Programs | 34 | $154,844 |
| Karen Koons | Sr. Director of Finance | 38 | $129,131 |
| Berta Rivera | Director of Community Programs | 34 | $128,993 |
| Nicole Scarborough | Sr. Finance Manager | 34 | $112,316 |
| Abigail A Reinhard | Member | 1 | — |
| Abigail J Bennett | Member | 1 | — |
| Adam P Anolik | Treasurer | 1 | — |
| Alyssa S Whitfield | Member | 1 | — |
| Ann H Mcmullen | Member | 2 | — |
| Ann Stevens | Member | 1 | — |
| Arline L Bayo Santiago Esq | Member | 1 | — |
| Barbara Mullen | Member | 1 | — |
| Carolyn G Nussbaum Esq | Counsel | 3 | — |
| David P Veniskey CPA | Member | 1 | — |
| David R Ferris Esq | Chair | 5 | — |
| Denishea R Ortiz | Member | 1 | — |
| Dr William M Valenti | Member | 1 | — |
Grants received · $3.7M total
82 grants to Rochester Area Community Foundation totaling $3.7M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Grants made · $22.9M in FY2024
554 grants totaling $22.9M in FY2024 — showing the 15 largest. All grants made by Rochester Area Community Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| St Lawrence University | Higher education | $558,334 |
| North Carolina Museum of Art Foundation Inc | General support | $500,000 |
| Friends of Acadia | Environment | $500,000 |
| St Johns Health Foundation | Health-genl,prev | $500,000 |
| Rochester Philharmonic Orchestra Inc | Music | $470,189 |
| University of Rochester | Higher education | $456,014 |
| Rochester International Jazz Festival LLC | Music | $404,000 |
| University of Rochester | Mental health | $363,579 |
| Rochester Museum and Science Center | Arts & culture | $333,640 |
| Rochester Area Community Foundation | General support | $313,160 |
| Foodlink Inc | Food, nutrition | $281,607 |
| United Way of Greater Rochester and the Finger Lakes Inc | General support | $274,082 |
| Geva Theatre Center Inc | Visual & performing arts | $263,218 |
| Rochester Area Community Foundation Initiatives Inc | Child/youth dev | $250,000 |
| Huther-doyle Memorial Institute Inc | Mental health | $250,000 |
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Compare Rochester Area Community Foundation
Frequently asked questions
- Is Rochester Area Community Foundation a legitimate nonprofit?
- Yes. Rochester Area Community Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7250641, based in Rochester, New York. Donations are tax-deductible.
- What is Rochester Area Community Foundation's EIN?
- Rochester Area Community Foundation's Employer Identification Number (EIN) is 23-7250641.
- How much revenue does Rochester Area Community Foundation report?
- Rochester Area Community Foundation reported $64,764,956 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Rochester Area Community Foundation's spending goes to programs?
- Rochester Area Community Foundation spends about 87% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Rochester Area Community Foundation have?
- CharityIndex grades Rochester Area Community Foundation A, based on program efficiency and fundraising cost.
- How much does Rochester Area Community Foundation's highest-paid employee make?
- The highest reported compensation on Rochester Area Community Foundation's latest Form 990 is $312,105, paid to Simeon Banister (President and Ceo).
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Data for Rochester Area Community Foundation (EIN 23-7250641) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.