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Nonprofit · EIN 41-6017740

ROCHESTER AREA FOUNDATION

Tax-exempt · ROCHESTER, MN 55901

Financials

$15.9M$6.4M2023$11.1M$8.9M2024
Revenue Expenses · by fiscal year end
Financials of ROCHESTER AREA FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990 (amended)$11,130,008$8,850,518$2,279,490$68,327,174$5,114,905$63,212,269
December 31, 2023990$15,867,977$6,383,555$9,484,422$61,087,038$3,285,807$57,801,231
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$8,897,686
of which government grants
$3,307,828
Program service revenue
$603,062
Investment income
$1,665,795
Net rental income
-$45,001
Net gain from sales of assets
$691,296
Other revenue
-$36,535

Expenses

Grants and similar amounts paid
$6,343,078
Compensation of officers, directors and key employees
$132,094
Other salaries and wages
$852,423
Salaries, compensation and benefits (total)
$1,169,858
Professional fundraising fees
$0
Legal fees
$2,279
Accounting fees
$60,721
Occupancy
$25,072
Travel
$5,336
Depreciation
$10,085
Program services (functional)
$7,478,417
Management and general (functional)
$947,256
Fundraising (functional)
$424,845

Balance sheet and other

Total assets, start of year
$61,087,038
Total assets, end of year
$68,327,174
Total liabilities, end of year
$5,114,905
Net assets, end of year
$63,212,269
Land, buildings and equipment
$1,897,738
Net assets without donor restrictions
$52,478,057
Net assets with donor restrictions
$10,734,212
Gross unrelated business income
$5,011
Gross receipts
$12,578,734
Employees
11
Volunteers
305
Year formed
1944
State of legal domicile
MN

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
JENNIFER WOODFORDPRESIDENT
Officer
33$125,223$41,741$9,160
DAVE OETHCHAIR
Trustee or director, Officer
6$0$0$0
JUDITH WILSON1ST VICE CHAIR
Trustee or director, Officer
4$0$0$0
TONY BENSON2ND VICE CHAIR
Trustee or director, Officer
2$0$0$0
MARCO WAGEMANTREASURER
Trustee or director, Officer
6$0$0$0
CHRIS WENDLANDSECRETARY
Trustee or director, Officer
4$0$0$0
LARRY KOSHIREIMMEDIATE PAST CHAIR
Trustee or director, Officer
4$0$0$0
DR KATHY LOMBARDOTRUSTEE
Trustee or director
2$0$0$0
TODD HEATHERTRUSTEE
Trustee or director
2$0$0$0
BETH KREHBIELTRUSTEE
Trustee or director
2$0$0$0
MIKE PARADISETRUSTEE
Trustee or director
2$0$0$0
ERIN SEXTONTRUSTEE
Trustee or director
2$0$0$0
HAROLD BURDENTRUSTEE
Trustee or director
2$0$0$0
MIKE BENIKETRUSTEE
Trustee or director
2$0$0$0
NATALIE JONESTRUSTEE
Trustee or director
2$0$0$0
990 for the year ended December 31, 2023: 15 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
JENNIFER WOODFORDPRESIDENT
Officer
33$115,350$38,450$8,348
LARRY KOSHIRECHAIR
Trustee or director, Officer
6$0$0$0
DAVE OETH1ST VICE CHAIR
Trustee or director, Officer
4$0$0$0
JUDITH WILSON2ND VICE CHAIR
Trustee or director, Officer
4$0$0$0
MARCO WAGEMANTREASURER
Trustee or director, Officer
6$0$0$0
CHRIS WENDLANDSECRETARY
Trustee or director, Officer
4$0$0$0
DR KATHY LOMBARDOIMMEDIATE PAST CHAIR
Trustee or director, Officer
2$0$0$0
TONY BENSONTRUSTEE
Trustee or director
2$0$0$0
MARY EHMKETRUSTEE
Trustee or director
2$0$0$0
TODD HEATHERTRUSTEE
Trustee or director
2$0$0$0
BETH KREHBIELTRUSTEE
Trustee or director
2$0$0$0
MIKE PARADISETRUSTEE
Trustee or director
3$0$0$0
ERIN SEXTONTRUSTEE
Trustee or director
2$0$0$0
DON SUPALLATRUSTEE
Trustee or director
2$0$0$0
HAROLD BURDENTRUSTEE
Trustee or director
2$0$0$0

Address and contacts

Address (IRS master file)
12 ELTON HILLS DR NW, ROCHESTER, MN 55901-3538
Principal officer (990 for 2024)
JENNIFER WOODFORD, 12 ELTON HILLS DR NW, ROCHESTER, MN 55901
Signed the 990
JENNIFER WOODFORD, PRESIDENT
Phone
(507) 424-2400
Return prepared by
RSM US LLP

Mission

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

990 for the year ended December 31, 2024

Program accomplishments

  • GRANTS WERE PROVIDED TO ORGANIZATIONS SUPPORTING YOUTH & FAMILIES, HEALTH & HUMAN SERVICES, THE ARTS, ENVIRONMENT & ANIMAL WELFARE, EDUCATION, HOUSING, COMMUNITY DEVELOPMENT, FAITH-BASED ACTIVITIES, DISABILITY SERVICES, AND CULTURE AND DIVERSITY THAT SERVE COMMUNITY NEEDS.
    Expenses $7,478,417 · grants $6,343,078 · revenue $603,062

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
41-6017740
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1949
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$68,327,174
Income (IRS master file)
$12,578,734

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$11,130,008$8,850,518$68,327,174IRS
990-TDecember 2024–––IRS
990December 2023$15,867,977$6,383,555$61,087,038XML
990-TDecember 2023–––IRS
990December 2022$8,020,869$6,828,566$45,883,774IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 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 41-6017740).

Questions about ROCHESTER AREA FOUNDATION

What is the EIN of ROCHESTER AREA FOUNDATION?
The employer identification number (EIN) of ROCHESTER AREA FOUNDATION is 41-6017740.
Is ROCHESTER AREA FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1949.
Are donations to ROCHESTER AREA FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ROCHESTER AREA FOUNDATION 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 AREA FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ROCHESTER AREA FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of ROCHESTER AREA FOUNDATION?
The 990 for the year ended December 31, 2024 names JENNIFER WOODFORD.
Who are the officers and directors of ROCHESTER AREA FOUNDATION?
The 990 for the year ended December 31, 2024 lists 15 people; 1 received compensation from the organization, the highest $125,223 (JENNIFER WOODFORD, PRESIDENT).
How much revenue does ROCHESTER AREA FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $11,130,008, expenses of $8,850,518 and total assets of $68,327,174 at year end.

Other nonprofits in ROCHESTER

All nonprofits in ROCHESTER · Minnesota · Philanthropy, voluntarism and grantmaking foundations