Rochester Arts & Sciences Academy Foundation
Only null% goes to programs Growing revenue
Rochester Arts & Sciences Academy Foundation is a 501(c)(3) organization based in Rochester, Minnesota, registered in 2008, with $3,585,216 in FY2023 revenue. CharityIndex grades it B.
2521 Pennington Dr Nw, Rochester, MN, 55901 EIN 20-8201223 Since 2008
Revenue (FY2023)
$3.6M
▲ 13.9% vs prior year
Education median: $200K
Expenses (FY2023)
$3.8M
Net assets
$1.1M
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 Arts & Sciences Academy 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 rating3 mo reserves · -5% 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 Arts & Sciences Academy Foundation: 3 mo reserves · -5% 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 Arts & Sciences Academy 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 Arts & Sciences Academy Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 2521 Pennington Dr Nw, Rochester, MN, 55901
- City
- Rochester
- State
- Minnesota
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Website
- …
Financial trends
Revenue grew from $581K (FY2013) to $3.6M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $4.9MNet assets $1.1M
Operating margin
-4.9%
Spent more than it raised in the latest fiscal year.
Total assets
$6.0M
Total liabilities
$4.9M
Net assets
$1.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $3,585,216▲13.9% | $3,760,724▲35.0% | $1,055,609▼14.3% | $5,968,208▲341% | 990 |
| 2022 | $3,147,121▲43.0% | $2,784,983▲48.9% | $1,231,117▲41.7% | $1,353,309▲32.6% | 990 |
| 2021 | $2,200,488▲31.9% | $1,870,752▲34.1% | $868,979▲61.1% | $1,020,598▲64.5% | 990 |
| 2020 | $1,668,641▲26.3% | $1,395,447▲3.8% | $539,243▲103% | $620,527▲25.8% | 990 |
| 2019 | $1,320,793▲17.4% | $1,343,764▲15.0% | $266,049▼7.9% | $493,206▲33.1% | 990 |
| 2018 | $1,125,384▲17.2% | $1,168,029▲31.2% | $289,020▼21.2% | $370,478▼12.1% | 990 |
| 2016 | $960,313▲7.4% | $890,584▲8.4% | $366,698▲23.5% | $421,613▲18.5% | 990 |
| 2015 | $894,505▲41.5% | $821,687▲27.3% | $296,968▲32.5% | $355,735▲57.2% | 990 |
| 2014 | $632,364▲8.8% | $645,326▲19.7% | $224,151▼5.5% | $226,238▼5.4% | 990 |
| 2013 | $581,109 | $538,938▲12.9% | $237,113▲20.5% | $239,198▲21.6% | 990 |
| 2012 | — | $477,555▲24.2% | $196,734▲8.4% | $196,734▲6.9% | 990 |
| 2011 | — | $384,550▲5.4% | $181,561▲219% | $183,957▲108% | 990 |
| 2010 | — | $364,991 | $56,844 | $88,571 | 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 · $16K total
2 grants to Rochester Arts & Sciences Academy Foundation totaling $16K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| T Rowe Price Program For Charitable Giving Inc | Special project | 2022 | $10,000 |
| Donor Advised Charitable Giving | Education | 2022 | $6,000 |
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Frequently asked questions
- Is Rochester Arts & Sciences Academy Foundation a legitimate nonprofit?
- Yes. Rochester Arts & Sciences Academy Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-8201223, based in Rochester, Minnesota. Donations are tax-deductible.
- What is Rochester Arts & Sciences Academy Foundation's EIN?
- Rochester Arts & Sciences Academy Foundation's Employer Identification Number (EIN) is 20-8201223.
- How much revenue does Rochester Arts & Sciences Academy Foundation report?
- Rochester Arts & Sciences Academy Foundation reported $3,585,216 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Rochester Arts & Sciences Academy Foundation have?
- CharityIndex grades Rochester Arts & Sciences Academy Foundation B, based on financial health (reserves and operating margin).
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Data for Rochester Arts & Sciences Academy Foundation (EIN 20-8201223) 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.