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Rochester Area Community Foundation Initiatives Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 800024332 ✦ Rochester, NY ✦ Designated as a 501(c)(3)

Overview

What is Rochester Area Community Foundation Initiatives Inc?

Rochester Area Community Foundation Initiatives Inc is a nonprofit organization situated in Rochester, New York. Its primary focus is to support and sponsor programs and projects that cater to the needs of the local community. Operating exclusively for the benefit of the Rochester Area Community Foundation, the organization has distributed 80 grants to various agencies working towards improving lives within the greater Rochester community. With a modest team of 15 employees, Rochester Area Community Foundation Initiatives Inc plays a significant role in addressing community concerns and fostering positive change.


Official website here: www.racf.org

Is Rochester Area Community Foundation Initiatives Inc legitimate?

Rochester Area Community Foundation Initiatives Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rochester Area Community Foundation Initiatives Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $377,462

For more financial information, click here


Official website here: www.racf.org

What is the mission statement of Rochester Area Community Foundation Initiatives Inc?

Rochester Area Community Foundation Initiatives Inc is an organization that primarily focuses on sponsoring programs and projects aimed at addressing the needs of the community. Its activities are solely dedicated to benefiting and supporting the wider community. The organization has a mission to financially support various agencies working towards improving the lives of people residing in the greater Rochester area, as evident by the 80 grants they have distributed. By doing so, they contribute to the betterment and well-being of their community.


Official website here: www.racf.org

Who is the CEO of Rochester Area Community Foundation Initiatives Inc?

Simeon Banister is the Member of Rochester Area Community Foundation Initiatives Inc. The CEO's salary of Rochester Area Community Foundation Initiatives Inc is $0 and their total compensation is $247,344.


Official website here: www.racf.org

What is the revenue of Rochester Area Community Foundation Initiatives Inc?

Rochester Area Community Foundation Initiatives Inc's revenue in 2023 was $1,936,576.


Official website here: www.racf.org

Who are the executives of Rochester Area Community Foundation Initiatives Inc and what are their salaries?

The average compensation at Rochester Area Community Foundation Initiatives Inc during 2023 was $25,164. There are 15 employees and 15 volunteers at Rochester Area Community Foundation Initiatives Inc.

Here are 16 key members and their salaries (Rochester Area Community Foundation Initiatives Inc's CEO's salary is $0 and their total compensation is $247,344):

    Jennifer Leonard (Vice President And Ceo)
  • Compensation: $0
  • Related: $587,333
  • Other: $28,524

    • Simeon Banister (Vice President And Ceo)
  • Compensation: $0
  • Related: $235,144
  • Other: $12,200

    • Amy S Vars Cpa (Senior Vp And Cfo)
  • Compensation: $0
  • Related: $206,598
  • Other: $10,694

    • Abigail J Bennett (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • R Scott Burdett (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David P Veniskey Cpa (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas S Richards (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark A Eidlin (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michelle A Hutchinson Esq (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carolyn G Nussbaum Esq (Counsel) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard J Riedman (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Flor M Colon (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David R Ferris Esq (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mollene B Benison Cpa (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Francis J Clement (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Arline L Bayo Santiago Esq (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.racf.org

    Where can I find the form 990 for Rochester Area Community Foundation Initiatives Inc?

    The Rochester Area Community Foundation Initiatives Inc’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.racf.org

    Learn more at the official website: www.racf.org

    Mission Statement of Rochester Area Community Foundation Initiatives Inc

    Rochester Area Community Foundation Initiatives Inc is dedicated to supporting and sponsoring programs and projects that cater to the needs of their community. This organization operates exclusively for the benefit and well-being of the Rochester Area Community Foundation. Their mission is to channel resources towards initiatives that address various community concerns, aiming to enhance the quality of life for its residents. In the course of their operations, they have approved 80 grants to local agencies, contributing to the betterment of the greater Rochester community.

    Impact

    This information is meant to be a general summary of Rochester Area Community Foundation Initiatives Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Rochester Area Community Foundation Initiatives Inc impacts the Greater Rochester community by sponsoring programs and projects that address the needs of the community. Through 80 grants paid out to agencies helping people in the area, the organization plays a significant role in supporting initiatives that benefit the community. Their focus on philanthropy contributes to the betterment and well-being of the Rochester community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $33,840
  • Program Service Revenue: $0
  • Gross Receipts: $1,936,576

    • Assets and Liabilities:
  • Total Assets: $1,761,637
  • Total Liabilities: $211,895
  • Net Assets: $1,549,742
  • Organization Details

    Founding Year

    2001

    Principal Officer

    Simeon Banister

    Main Address

    500 EAST AVENUE, ROCHESTER, NY, 14607

    NTEE Category

    Code: T30 - Philanthropy

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