Rochester Regional Health Foundation
- Assets
- $77.8m
- Revenue
- $3.2m
- Investments
- $40.2m
- Employees
- 74
- Location
- Rochester, NY
- Founding
- 01/1979
- Data as of
- 12/2022
- EIN
- 22-2229425
Organization Overview
Rochester Regional Health Foundation is located in Rochester, NY. The organization was established in 1979. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Rochester Regional Health Foundation employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rochester Regional Health Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Rochester Regional Health Foundation generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (29.7%) each year. All expenses for the organization totaled $12.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Rochester Regional Health Foundation has awarded 33 individual grants totaling $56,955,961. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CONDUCT ACTIVITIES THAT RAISE FUNDS AND TO INVEST SUCH FUNDS FOR THE BENEFIT OF ROCHESTER REGIONAL HEALTH AND ITS AFFILIATED ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leon T Sawyko ESQ Chair Of The Board | OfficerTrustee | 1 | $0 |
Carl J Luger Treasurer/secretary | OfficerTrustee | 1 | $0 |
Elizabeth Patton PHD Director | Trustee | 1 | $0 |
Richard Davis PHD CEO | OfficerTrustee | 1 | $23,527 |
Cynthia Christy MD Medical Liaison | Trustee | 1 | $0 |
Robert George MD Sr Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $32,640 |
| Membership dues | $0 |
| Fundraising events | $102,708 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,448,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,583,348 |
| Total Program Service Revenue | $0 |
| Investment income | $1,481,622 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,911,325 |
| Net Income from Fundraising Events | -$41,314 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,222,712 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,766,497 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $366,755 |
| Compensation of current officers, directors, key employees. | $366,755 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,106,314 |
| Pension plan accruals and contributions | $201,650 |
| Other employee benefits | $130,833 |
| Payroll taxes | $175,314 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,310 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $187,333 |
| Advertising and promotion | $28,984 |
| Office expenses | $98,223 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $241,644 |
| Travel | $12,247 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,762 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,926 |
| Insurance | $4,419 |
| All other expenses | $43,903 |
| Total functional expenses | $12,426,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,718,269 |
| Savings and temporary cash investments | $7,070,377 |
| Pledges and grants receivable | $17,939,375 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $180,437 |
| Net Land, buildings, and equipment | $407,176 |
| Investments—publicly traded securities | $7,215,413 |
| Investments—other securities | $40,249,800 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,060,987 |
| Total assets | $77,841,834 |
| Accounts payable and accrued expenses | $291,074 |
| Grants payable | $0 |
| Deferred revenue | $62,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,900,610 |
| Total liabilities | $3,254,184 |
| Net assets without donor restrictions | $7,481,693 |
| Net assets with donor restrictions | $67,105,957 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $77,841,834 |
Grants Awarded
Over the last fiscal year, Rochester Regional Health Foundation has awarded $6,766,497 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE UNITY HOSPITAL OF ROCHESTER PURPOSE: PROJECT FUNDING | $659,107 |
ROCHESTER GENERAL HOSPITAL PURPOSE: PROJECT FUNDING | $5,927,293 |
GENESEE REGION HOMECARE ASSOCIATION INC PURPOSE: PROJECT FUNDING | $180,097 |