2024-08-15T12:21:20-05:00 2023-09-30 474526160 EFPR GROUP CPAS PLLC 6390 MAIN STREET SUITE 200 WILLIAMSVILLE NY 14221 990 2022-10-01 222559522 ROCHESTER ECONOMIC DEVELOPMENT CORPORATION ROCH 5859210500 250 MILL STREET 502 ROCHESTER NY 14614 KEITH CLEARY TREASURER 5859210500 2024-08-15 1 0 DAVID A URBAN CPA P00630018 7166340700 2024-08-15 2022 2024-08-08 14:25:15Z X KEITH CLEARY 250 MILL STREET 502 ROCHESTER NY 14614 1678624 0 X WWW.ROCEDC.ORG X 1983 NY ROCHESTER ECONOMIC DEVELOPMENT CORPORATION (ROCEDC) IS A PRIVATE NOT-FOR-PROFIT ORGANIZATION THAT EXISTS TO STIMULATE EQUITABLE ECONOMIC GROWTH THAT IMPROVES THE QUALITY OF LIFE IN THE CITY OF ROCHESTER, NEW YORK. 8 8 0 8 0 0 1351033 1318347 162199 150967 23428 190045 716 13756 1537376 1673115 1450666 1290807 0 0 785339 916918 0 0 0 632904 469485 2868909 2677210 -1331533 -1004095 12826853 13306580 494215 1978037 12332638 11328543 ROCHESTER ECONOMIC DEVELOPMENT CORPORATION (ROCEDC) IS A PRIVATE NOT-FOR-PROFIT ORGANIZATION THAT EXISTS TO STIMULATE EQUITABLE ECONOMIC GROWTH THAT IMPROVES THE QUALITY OF LIFE IN THE CITY OF ROCHESTER, NEW YORK. 0 0 1588211 1290807 150967 TO REDUCE WEALTH DISPARITIES IN MIDDLE INCOME AND POOR ROCHESTER NEIGHBORHOODS BY CREATING AND SUPPORTING LOCALLY OWNED MICRO AND SMALL NEIGHBORHOOD BUSINESSES AND URBAN ENTREPRENEURS. 1588211 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 NY X KEITH CLEARY 5859210500 250 MILL STREET ROCHESTER NY 14614 X DANA MILLER CHAIR 1.00 X X 0 0 0 DR DT OGILVIE VICE CHAIR 1.00 X X 0 0 0 KEITH CLEARY TREASURER 1.00 X X 0 0 0 MICHAEL A PATTERSON SECRETARY 1.00 X X 0 0 0 HOLLIS S BUDD BOARD MEMBER 1.00 X 0 0 0 GENE DEPREZ BOARD MEMBER 1.00 X 0 0 0 SERGIO ESTEBAN BOARD MEMBER 1.00 X 0 0 0 MATTHEW A KUHLENBECK PHD BOARD MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 1040803 277544 1318347 INTEREST ON NOTE RECEI 523000 128475 128475 FEES ON LOANS & GRANTS 523000 22492 22492 150967 190045 190045 19048 5509 13539 13539 MISCELLANEOUS 900099 217 217 217 1673115 150967 0 203801 1290807 1290807 695025 131274 563751 221893 39703 182190 120023 21476 98547 88730 73861 14869 99940 31090 68850 27215 27215 16649 16649 41136 41136 41030 41030 5943 5943 10010 10010 8000 8000 9752 9752 BANK CHARGES 1057 1057 2677210 1588211 1088999 0 8480010 8551251 966 14952 4284213 4457902 21721 49560 17617 39943 31943 0 250532 12826853 13306580 175228 253100 318987 1474405 0 250532 494215 1978037 X 12332638 11328543 12332638 11328543 12826853 13306580 -1004095 0 X X 0 1 X 1 0 X 212000 1247595 1351033 1318347 4128975 212000 1247595 1351033 1318347 4128975 4128975 12108 6032 5036 23428 190045 236649 716 217 933 4366557 992277 0.94560 0.97970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 42107 14617 27490 7453 3000 4453 31943 LEASE LIABILITY 250532 250532 X 1678624 5509 5509 1673115 0 1673115 2682719 5509 5509 2677210 0 2677210 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE). UNDER ACCOUNTING STANDARDS CODIFICATION (ASC) SECTION 740, THE TAX STATUS OF TAX-EXEMPT ENTITIES IS AN UNCERTAIN TAX POSITION, SINCE EVENTS COULD POTENTIALLY OCCUR THAT JEOPARDIZE TAX-EXEMPT STATUS. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE CORPORATION AND RECOGNIZE A TAX LIABILITY IF THE CORPORATION HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE THAN LIKELY WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND IS NOT AWARE OF ANY EVENTS THAT COULD JEOPARDIZE ITS TAX EXEMPT STATUS. THEREFORE, NO LIABILITY OR PROVISION FOR INCOME TAX HAS BEEN REFLECTED IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRASING EXPENSE NET W/REVENUE 5,509. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE NET W/REVENUE 5,509. GOLF TOURNAMENT 19048 19048 5509 19048 19048 5509 5509 13539 0 AIOPX MANAGEMENT CONSULTING 1007 LA QUINTA DR WEBSTER NY 14580 454837264 24500 0 ENTREPRENEURIAL SUPPORT PROGRAM AMAZON 410 TERRY AVE N SEATTLE WA 98109 21608 0 ESL COMPUTER LAB AMERICAN SPECIALTY DBA AS BOSS SAUCE 272 HUDSON AVE ROCHESTER NY 14605 250000 0 REVITALIZE ROCHESTER BUILDING RENOVATION CABHQ LLC DBA BEYOND TEAL 19 RUSTIC PINES PITTSFORD NY 14534 260828895 28500 0 ENTREPRENEURIAL SUPPORT PROGRAM CERTAINTY ANALYTICAL LABS 260 EAST MAIN STREET SUITE 6411 ROCHESTER NY 14604 862694803 10000 0 PHILIP J. BANKS GRANT COMMUNITY EMPOWERMENT OPPORTUNITIES LLC 2710 ENSEMBLE COURT CHARLOTTE NC 28262 223922508 24500 0 ENTREPRENEURIAL SUPPORT PROGRAM CONSUMER CREDIT COUNSELING SERVICE OF ROCHESTER INC 1000 UNIVERSITY AVE SUITE 900 ROCHESTER NY 14607 160972260 501(C)3 46739 0 ENTREPRENEURIAL SUPPORT PROGRAM CURATORS OF THE UNIVERSITY OF MISSOURI DBA UMKC INNOVATION CENTER PO BOX 80511 KANSAS CITY MO 64180 436003859 15000 0 ENTREPRENEURIAL SUPPORT PROGRAM GREATER WORKS COLLABORATIVE INC 139 LIME ROCK RD LEROY NY 12203 831252815 501(C)3 36400 0 ENTREPRENEURIAL SUPPORT PROGRAM IBERO - AMERICAN ACTION LEAGUE INC 817 EAST MAIN STREET ROCHESTER NY 14605 160954745 501(C)3 36400 0 ENTREPRENEURIAL SUPPORT PROGRAM JOHN RODRIGUEZ4CHANGE LLC 19 SANFILIPPO CIRCLE ROCHESTER NY 14625 873820614 46739 0 ENTREPRENEURIAL SUPPORT PROGRAM MARKET ACESS COMPANY INC 1404 EAST AVENUE ROCHESTER NY 14610 320266932 46739 0 ENTREPRENEURIAL SUPPORT PROGRAM MEN OF EUREKA DEVELOPMENT LLC 616 BROWN ST ROCHESTER NY 14611 851197401 34396 0 ENTREPRENEURIAL SUPPORT PROGRAM MONROE COMMUNITY COLLEGE 1000 EAST HENRIETTA ROAD ROCHESTER NY 14623 160849590 501(C)3 46739 0 ENTREPRENEURIAL SUPPORT PROGRAM NORTHERN NOLA 53 CELEBRATION DR ROCHESTER NY 14620 854107481 10000 0 PHILIP J. BANKS GRANT PALO ALTO SOFTWARE INC 44 W BROADWAY SUITE 500 EUGENE OR 97401 931131141 5500 0 ESL COMPUTER LAB PLAN-IT EBONI LLC 887 HIDDEN VALLEY ROAD ROCHESTER NY 14624 871837573 46739 0 ENTREPRENEURIAL SUPPORT PROGRAM PREDICTIVE INSIGHTS LLC 41720 CHIANTI CT PALMDALE CA 93551 821662488 24500 0 ENTREPRENEURIAL SUPPORT PROGRAM PRESTIGE JANITORIAL LLC 128 MCNAUGHTON ST ROCHESTER NY 14606 824160294 5190 0 ESL COMPUTER LAB ROCHESTER COMMISSARY LLC 100 CHESTNUT ST STE 1910 ROCHESTER NY 14604 832860315 36400 0 ENTREPRENEURIAL SUPPORT PROGRAM ROCHESTER FINANCIAL EMPOWERMENT CENTER 1050 UNIVERISTY AVENUE SUITE A ROCHESTER NY 14607 173500 0 PASSTHROUGH FUNDING FOR FINANCIAL EMPOWERMENT CENTER ROCHESTER INSTITUTE OF TECHNOLOGY 25 LOMB MEMORIAL DRIVE ROCHESTER NY 14623 160743140 501(C)3 46739 0 ENTREPRENEURIAL SUPPORT PROGRAM SHERRY PERRY TSHIBANGU DBA INNOVATIVE BUSINESS ADVISORS 28 SAMANTHAS WAY PITTSFORD NY 14534 24500 0 ENTREPRENEURIAL SUPPORT PROGRAM THIRD EYE NETWORK LLC 250 MILL STREET ROCHESTER NY 14614 263417868 84637 0 ENTREPRENEURIAL SUPPORT PROGRAM URBAN LEAGUE OF ROCHESTER NY INC 265 NORTH CLINTON AVE ROCHESTER NY 14605 160906150 501(C)3 36400 0 ENTREPRENEURIAL SUPPORT PROGRAM VENTURE JOBS FOUNDATION 260 EAST MAIN STREET SUITE 2701 ROCHESTER NY 14604 273255356 501(C)3 46739 0 ENTREPRENEURIAL SUPPORT PROGRAM VOLUNTEER LEGAL SERVICES PROJECT OF MONROE COUNTY INC ONE WEST MAIN STREET 5TH FLOOR ROCHESTER NY 14614 222462905 501(C)3 36400 0 ENTREPRENEURIAL SUPPORT PROGRAM WORLD WISE DESIGNS INC DBA G-FORCE COLLABORATIONS 2435 HIGHLAND AVE ROCHESTER NY 14610 161376303 24500 0 ENTREPRENEURIAL SUPPORT PROGRAM 8 29 FORM 990, PART VI, SECTION A, LINE 7A ROCHESTER ECONOMIC DEVELOPMENT CORPORATION HAS 10 MEMBERS WHO ELECT THE DIRECTORS TO THEIR POSITIONS. FORM 990, PART VI, SECTION B, LINE 11B THE GOVERNING BODY RECEIVES A COPY OF THE 990 FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND AT WWW.REDCOROC.COM PART XII, LINE 2C THE BOARD ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT, OF WHICH, THE OVERSIGHT PROCESS AND THE SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.