Rochester Area Foundation
Only null% goes to programs Strong reserves
Rochester Area Foundation is a 501(c)(3) organization based in Rochester, Minnesota, registered in 1949, with $11,130,008 in FY2024 revenue. CharityIndex grades it B.
12 Elton Hills Dr Nw, Rochester, MN, 55901 EIN 41-6017740 Since 1949
Revenue (FY2024)
$11.1M
▼ 29.9% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$8.9M
Net assets
$63.2M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
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. Not scored for Rochester Area Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating86 mo reserves · +20% 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 Foundation: 86 mo reserves · +20% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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. Not scored for Rochester Area Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 12 Elton Hills Dr Nw, Rochester, MN, 55901
- City
- Rochester
- State
- Minnesota
- Subcategory
- Public Foundations
- Website
- …
Financial trends
Revenue grew from $4.1M (FY2013) to $11.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $5.1MNet assets $63.2M
Operating margin
20.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$68.3M
Total liabilities
$5.1M
Net assets
$63.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $11,130,008▼29.9% | $8,850,518▲38.6% | $63,212,269▲9.4% | $68,327,174▲11.9% | 990 |
| 2023 | $15,867,977▲97.8% | $6,383,555▼6.5% | $57,801,231▲29.0% | $61,087,038▲33.1% | 990 |
| 2022 | $8,020,869▼31.5% | $6,828,566▲4.8% | $44,820,677▲3.4% | $45,883,774▲1.7% | 990 |
| 2021 | $11,703,419▲35.2% | $6,515,333▲0.6% | $43,364,481▲13.8% | $45,116,721▲12.8% | 990 |
| 2020 | $8,656,139▼2.0% | $6,478,100▲67.1% | $38,118,988▲6.2% | $40,010,430▲5.0% | 990 |
| 2019 | $8,835,070▲61.0% | $3,876,925▼4.6% | $35,896,563▲16.5% | $38,103,860▲14.7% | 990 |
| 2018 | $5,487,286▲73.9% | $4,062,599▲14.4% | $30,809,682▼3.0% | $33,233,432▼2.5% | 990 |
| 2017 | $3,155,428▼3.3% | $3,551,915▲40.2% | $31,775,414▲11.1% | $34,088,271▲10.2% | 990 |
| 2016 | $3,261,706▼17.8% | $2,533,366▼27.9% | $28,608,208▲6.2% | $30,922,604▲8.6% | 990 |
| 2015 | $3,968,172▲13.7% | $3,511,310▲14.1% | $26,947,609▼5.0% | $28,484,358▼4.0% | 990 |
| 2014 | $3,491,258▼15.2% | $3,076,378▲64.5% | $28,371,798▲1.9% | $29,674,862▲1.8% | 990 |
| 2013 | $4,117,319 | $1,870,115▼24.7% | $27,847,340▲10.0% | $29,152,594▲9.2% | 990 |
| 2012 | — | $2,485,045▲20.4% | $25,319,837▲6.8% | $26,687,629▲6.0% | 990 |
| 2011 | — | $2,064,480 | $23,702,501 | $25,181,232 | 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.
Grants received · $14.8M total
30 grants to Rochester Area Foundation totaling $14.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Mayo Clinic | Support charitable programs | 2024 | $112,400 |
| Educational Credit Management Corporation | Fafsa student support | 2024 | $29,700 |
| Mayo Clinic Group Return | Support charitable programs | 2023 | $4,000,000 |
| Mayo Clinic | Support charitable programs | 2023 | $206,000 |
| Donor Advised Charitable Giving | Public, societal benefit | 2023 | $7,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $345,325 |
| Mayo Clinic | Support charitable programs | 2022 | $104,000 |
| Donor Advised Charitable Giving | Public, societal benefit | 2022 | $8,250 |
| Mayo Clinic Group Return | Support charitable programs | 2021 | $5,000,000 |
| National Christian Charitable Foundation | Support | 2021 | $125,947 |
| Mayo Clinic | Support charitable programs | 2021 | $20,000 |
| Donor Advised Charitable Giving | Public, societal benefit | 2021 | $6,500 |
| Mayo Clinic | Support charitable programs | 2020 | $306,000 |
| Saint Paul & Minnesota Foundation | Multiple purposes | 2020 | $100,000 |
| Greater Twin Cities United Way | Program costs | 2020 | $16,500 |
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Compare Rochester Area Foundation
Frequently asked questions
- Is Rochester Area Foundation a legitimate nonprofit?
- Yes. Rochester Area Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-6017740, based in Rochester, Minnesota. Donations are tax-deductible.
- What is Rochester Area Foundation's EIN?
- Rochester Area Foundation's Employer Identification Number (EIN) is 41-6017740.
- How much revenue does Rochester Area Foundation report?
- Rochester Area Foundation reported $11,130,008 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Rochester Area Foundation have?
- CharityIndex grades Rochester Area Foundation B, based on financial health (reserves and operating margin).
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Data for Rochester Area Foundation (EIN 41-6017740) 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.