Rochester Area Foundation

Organization Overview

Rochester Area Foundation is located in Rochester, MN. The organization was established in 1949. 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, Rochester Area Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rochester Area 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 12/2021, Rochester Area Foundation generated $11.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $6.5m during the year ending 12/2021. While expenses have increased by 9.2% 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, Rochester Area Foundation has awarded 697 individual grants totaling $18,554,277. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

BUILDING AND ENHANCING THE QUALITY OF LIFE IN THE GREATER ROCHESTER AREA THROUGH PHILANTHROPIC LEADERSHIP AND COMMUNITY PARTNERSHIPS.

Describe the Organization's Program Activity:

GRANTS WERE PROVIDED TO ORGANIZATIONS PROVIDING FREE LEGAL CLINICS, EDUCATIONAL TUTORING AND DATA SHARING SERVICES, CULTURAL SERVICES AND EDUCATION, AND A VARIETY OF OTHER PROGRAMS SERVING COMMUNITY NEEDS


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Board, Officers & Key Employees

Name (title)Compensation
Jennifer Woodford
Executive Director
$103,785
Don Supalla
Chair
$0
Dr Kathryn Lombardo
1st Vice Chair
$0
Denise Kelly
Secretary
$0
Larry Koshire
2nd Vice Chair
$0
Marco Wageman
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$635
Related organizations$0
Government grants $125,000
All other contributions, gifts, grants, and similar amounts not included above$7,042,017
Noncash contributions included in lines 1a–1f $721,343
Total Revenue from Contributions, Gifts, Grants & Similar$7,167,652
Total Program Service Revenue$449,326
Investment income $842,270
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$32,008
Net Gain/Loss on Asset Sales $3,276,179
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,703,419

Grants Awarded

Over the last fiscal year, Rochester Area Foundation has awarded $3,766,673 in support to 142 organizations.

Grant RecipientAmount

GLORIA DEI LUTHERAN CHURCH

Org PageRecipient Profile

Rochester, MN

PURPOSE: PROGRAM SUPPORT

$217,500

SOLDIER'S FIELD VETERANS MEMORIAL

Org PageRecipient Profile

Rochester, MN

PURPOSE: PROGRAM SUPPORT

$180,658

LAW ENFORCEMENT MEMORIAL FOUNDATION OF SE MINNESOTA

PURPOSE: PROGRAM SUPPORT

$172,000

JUSTFAITH MINISTRIES

Org PageRecipient Profile

Louisville, KY

PURPOSE: PROGRAM SUPPORT

$125,000

CHANNEL ONE REGIONAL FOOD BANK

Org PageRecipient Profile

Rochester, MN

PURPOSE: PROGRAM SUPPORT

$115,500

DUNWOODY COLLEGE OF TECHNOLOGY

Org PageRecipient Profile

Minneapolis, MN

PURPOSE: PROGRAM SUPPORT

$100,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 14 grants that Rochester Area Foundation has recieved totaling $5,412,064.

Awarding OrganizationAmount
Mayo Clinic Group Return

Rochester, MN

PURPOSE: SUPPORT CHARITABLE PROGRAMS

$5,000,000
National Christian Charitable Foundation Inc

Alpharetta, GA

PURPOSE: SUPPORT

$125,947
Strivetogether Inc

Cincinnati, OH

PURPOSE: Challenge Fund

$80,000
Otto Bremer Trust

St Paul, MN

PURPOSE: CRADLE 2 CAREER COALITION

$75,000
Otto Bremer Trust

St Paul, MN

PURPOSE: ROCHESTER NONPROFIT CONSORTIUM

$50,000
Rochester Area Foundation

Rochester, MN

PURPOSE: FISCALLY SPONSORED PROJECT OF ROCHESTER AREA FOUNDATION - INITIATIVE DEDICATED TO EDUCATIONAL EQUITY

$30,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$14,177,197
Earnings$2,026,787
Admin Expense$5,000
Net Contributions$6,915,243
Other Expense$677,732
Grants$4,644,387
Ending Balance$17,792,108

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