Nonprofit · EIN 22-2559522
ROCHESTER ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · ROCHESTER, NY 14608
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2024 | 990 | $651,774 | $1,214,479 | -$562,705 | $12,244,297 | $1,478,459 | $10,765,838 |
| September 30, 2023 | 990 | $1,673,115 | $2,677,210 | -$1,004,095 | $13,306,580 | $1,978,037 | $11,328,543 |
Financial details: 990 for the year ended September 30, 2024
Revenue
- Contributions, gifts and grants
- $227,531
- of which government grants
- $184,549
- Program service revenue
- $270,862
- Investment income
- $151,987
- Net gain from sales of assets
- -$4,453
- Net income from fundraising events
- $1,055
- Other revenue
- $1,394
Expenses
- Grants and similar amounts paid
- $217,810
- Other salaries and wages
- $237,612
- Salaries, compensation and benefits (total)
- $338,953
- Professional fundraising fees
- $0
- Legal fees
- $50,989
- Occupancy
- $42,639
- Travel
- $5,184
- Depreciation
- $9,639
- Program services (functional)
- $335,161
- Management and general (functional)
- $879,318
Balance sheet and other
- Total assets, start of year
- $13,306,580
- Total assets, end of year
- $12,244,297
- Total liabilities, end of year
- $1,478,459
- Net assets, end of year
- $10,765,838
- Land, buildings and equipment
- $763,222
- Net assets without donor restrictions
- $10,765,838
- Gross receipts
- $656,227
- Employees
- 0
- Volunteers
- 8
- Year formed
- 1983
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANA MILLER | CHAIR Trustee or director, Officer | 1 | $0 |
| DR DT OGILVIE | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| KEITH CLEARY | TREASURER Trustee or director, Officer | 1 | $0 |
| MICHAEL A PATTERSON | SECRETARY Trustee or director, Officer | 1 | $0 |
| SERGIO ESTEBAN | BOARD MEMBER Trustee or director | 1 | $0 |
| CHENOA MAYE | BOARD MEMBER Trustee or director | 1 | $0 |
| ALLIE SACKS | BOARD MEMBER Trustee or director | 1 | $0 |
| GENE DEPREZ | BOARD MEMBER Trustee or director | 1 | $0 |
| KIMBERLY MITCHELL | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended September 30, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANA MILLER | CHAIR Trustee or director, Officer | 1 | $0 |
| DR DT OGILVIE | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| KEITH CLEARY | TREASURER Trustee or director, Officer | 1 | $0 |
| MICHAEL A PATTERSON | SECRETARY Trustee or director, Officer | 1 | $0 |
| HOLLIS S BUDD | BOARD MEMBER Trustee or director | 1 | $0 |
| GENE DEPREZ | BOARD MEMBER Trustee or director | 1 | $0 |
| SERGIO ESTEBAN | BOARD MEMBER Trustee or director | 1 | $0 |
| MATTHEW A KUHLENBECK PHD | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 275 LAKE AVE, ROCHESTER, NY 14608-1042
- Principal officer (990 for 2023)
- KEITH CLEARY, 250 MILL STREET 502, ROCHESTER, NY 14614
- Signed the 990
- KEITH CLEARY, TREASURER
- Phone
- (585) 921-0500
- Website
- WWW.ROCEDC.ORG
- Return prepared by
- EFPR GROUP CPAS PLLC
Mission
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.
Program accomplishments
- 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.Expenses $335,161 · grants $217,810 · revenue $270,862
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | Not on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 22-2559522
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1985
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $12,244,297
- Income (IRS master file)
- $656,227
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2024 | $651,774 | $1,214,479 | $12,244,297 | XML |
| 990 | September 2023 | $1,673,115 | $2,677,210 | $13,306,580 | XML |
| 990 | September 2022 | $1,537,376 | $2,868,909 | $12,826,853 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2559522).
Questions about ROCHESTER ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of ROCHESTER ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of ROCHESTER ECONOMIC DEVELOPMENT CORPORATION is 22-2559522.
- Is ROCHESTER ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to ROCHESTER ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does ROCHESTER ECONOMIC DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ROCHESTER ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ROCHESTER ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2024.
- Who is the principal officer of ROCHESTER ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2024 names KEITH CLEARY.
- Who are the officers and directors of ROCHESTER ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does ROCHESTER ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended September 30, 2024 it reported revenue of $651,774, expenses of $1,214,479 and total assets of $12,244,297 at year end.
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All nonprofits in ROCHESTER · New York · Community improvement and capacity building