Community Foundation Of Greater Rochester
- Assets
- $14.0m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 3
- Location
- Rochester, MI
- Founding
- 10/1983
- Data as of
- 12/2021
- EIN
- 38-2476777
Organization Overview
Community Foundation Of Greater Rochester is located in Rochester, MI. The organization was established in 1983. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Community Foundation Of Greater Rochester employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Greater Rochester 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 12/2021, Community Foundation Of Greater Rochester generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.8% each year . All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 9.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Community Foundation Of Greater Rochester has awarded 91 individual grants totaling $5,991,830. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION ENHANCES THE QUALITY OF LIFE FOR PEOPLE WHO LIVE, WORK AND PLAY IN THE GREATER ROCHESTER AREA BY BUILDING A PERMANENT ENDOWMENT THROUGH PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ENHANCES THE QUALITY OF LIFE FOR PEOPLE WHO LIVE, WORK AND PLAY IN THE GREATER ROCHESTER AREA BY BUILDING A PERMANENT ENDOWMENT THROUGH PHILANTHROPY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Johanna H Allen President | Officer | 45 | $72,100 |
Nancy Salvia Vice Chair | OfficerTrustee | 2 | $0 |
John Savio Chairman | OfficerTrustee | 2 | $0 |
Judy DE Steiger Sec/treasure | OfficerTrustee | 2 | $0 |
Leon Labrecque Trustee | Trustee | 2 | $0 |
Jason Hoffmeyer Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $121,220 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,980,486 |
| Noncash contributions included in lines 1a–1f | $16,466 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,101,706 |
| Total Program Service Revenue | $0 |
| Investment income | $231,206 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,313,463 |
| Net Income from Fundraising Events | -$21,366 |
| Net Income from Gaming Activities | $6,767 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,631,776 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,814,127 |
| Grants and other assistance to domestic individuals. | $57,996 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $78,036 |
| Compensation of current officers, directors, key employees. | $45,261 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,980 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $371 |
| Payroll taxes | $7,029 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,128 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $66,545 |
| Fees for services: Other | $24,000 |
| Advertising and promotion | $0 |
| Office expenses | $8,646 |
| Information technology | $15,377 |
| Royalties | $0 |
| Occupancy | $26,650 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $107 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,888 |
| All other expenses | $0 |
| Total functional expenses | $2,684,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $700,353 |
| Savings and temporary cash investments | $2,170,024 |
| Pledges and grants receivable | $0 |
| 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 | $7,433 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $11,158,516 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,036,326 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $13,137,219 |
| Net assets with donor restrictions | $899,107 |
| 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 | $14,036,326 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Greater Rochester has awarded $1,740,673 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF ROCHESTER HILLS PURPOSE: PROGRAMS/OPERATIONS | $1,161,251 |
Louisville, KY PURPOSE: NAT'L PROG. DONATION | $238,784 |
ROCHESTER AVON RECREATION AUTHORITY PURPOSE: PROGRAMMING | $75,000 |
Rochester Hills, MI PURPOSE: OPERATIONS | $74,531 |
PAINT CREEK TRAILWAYS COMMISSION PURPOSE: OPERATIONS | $72,855 |
Rochester Hills, MI PURPOSE: OPERATIONS | $32,300 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Community Foundation Of Greater Rochester has recieved totaling $44,820.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $24,500 |
Others First Inc Rochester Hills, MI | | $10,000 |
Bright Funds Foundation San Jose, CA PURPOSE: GENERAL PURPOSE | $5,320 |
Appletree Hill Foundation Sterling Heights, MI PURPOSE: GENERAL SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $9,656,857 |
| Earnings | $1,239,409 |
| Admin Expense | $205,629 |
| Net Contributions | $405,123 |
| Grants | $338,025 |
| Ending Balance | $10,757,735 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stark Community Foundation Inc Canton, OH | $373,666,840 | $68,744,620 |
Muskegon County Community Foundation Muskegon, MI | $247,862,579 | $28,555,582 |
Community Foundation Of Greater Flint Flint, MI | $212,857,243 | $17,865,297 |
Ann Arbor Area Community Foundation Ann Arbor, MI | $219,428,649 | $31,760,954 |
Community Foundation Of St Joseph County Inc South Bend, IN | $247,009,993 | $29,572,898 |
Fremont Area Community Foundation Fremont, MI | $291,559,908 | $22,142,594 |
Grand Haven Area Community Foundation Inc Grand Haven, MI | $189,481,921 | $23,464,810 |
Oshkosh Area Community Foundation Corporation Oshkosh, WI | $140,509,815 | $17,534,681 |
Community Foundation Of Greater Fort Wayne Inc Fort Wayne, IN | $181,936,459 | $11,602,152 |
Midland Area Community Foundation Midland, MI | $121,202,704 | $11,959,875 |
Community Foundation Of Lorain County Elyria, OH | $163,012,004 | $27,165,624 |
Wayne County Community Foundation Wooster, OH | $110,981,023 | $15,756,594 |