Nonprofit · EIN 80-0024332
ROCHESTER AREA COMMUNITY FOUNDATION INITIATIVES INC
Tax-exempt · ROCHESTER, NY 14607
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $2,756,360 | $3,146,442 | -$390,082 | $1,493,301 | $302,801 | $1,190,500 |
| March 31, 2024 | 990 | $2,444,586 | $2,413,800 | $30,786 | $2,048,465 | $467,883 | $1,580,582 |
| March 31, 2023 | 990 | $1,936,576 | $1,773,800 | $162,776 | $1,761,637 | $211,895 | $1,549,742 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $2,685,663
- of which government grants
- $716,262
- Program service revenue
- $0
- Investment income
- $70,697
- Net gain from sales of assets
- $238
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,998,637
- Other salaries and wages
- $636,377
- Salaries, compensation and benefits (total)
- $766,921
- Professional fundraising fees
- $0
- Legal fees
- $3,806
- Accounting fees
- $500
- Occupancy
- $30,826
- Travel
- $351
- Program services (functional)
- $2,997,790
- Management and general (functional)
- $112,335
- Fundraising (functional)
- $36,317
Balance sheet and other
- Total assets, start of year
- $2,048,465
- Total assets, end of year
- $1,493,301
- Total liabilities, end of year
- $302,801
- Net assets, end of year
- $1,190,500
- Net assets without donor restrictions
- $1,190,500
- Gross receipts
- $2,768,595
- Employees
- 10
- Volunteers
- 25
- Year formed
- 2001
- 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 March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SIMEON BANISTER | PRESIDENT AND CEO Officer | 2 | $0 | $312,105 | $16,407 |
| AMY S VARS CPA | SENIOR VP AND CFO Officer | 2 | $0 | $247,491 | $12,795 |
| MEGAN NORRIS | EXECUTIVE DIRECTOR, ACT ROCHESTER Highest-paid employee | 40 | $115,189 | $0 | $10,123 |
| RAEGENA LAWRENCE | EXECUTIVE DIRECTOR, GRASA Highest-paid employee | 40 | $114,060 | $0 | $4,498 |
| ADAM P ANOLIK | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ABIGAIL J BENNETT | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| R SCOTT BURDETT | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DAVID P VENISKEY CPA | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MARK A EIDLIN | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ANN H MCMULLEN | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CAROLYN G NUSSBAUM ESQ | COUNSEL Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RICHARD J RIEDMAN | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| FLOR M COLON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DAVID R FERRIS ESQ | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MOLLENE B BENISON CPA | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANCIS J CLEMENT | MEMBER Trustee or director | 1 | $0 |
| ARLINE L BAYO SANTIAGO ESQ | MEMBER Trustee or director | 1 | $0 |
| JAMES H NORMAN | MEMBER Trustee or director | 1 | $0 |
| ABIGAIL A REINHARD | MEMBER Trustee or director | 1 | $0 |
| DR WILLIAM VALENTI | MEMBER Trustee or director | 1 | $0 |
| PATRICK CUNNINGHAM | MEMBER Trustee or director | 1 | $0 |
| TODD BUTLER | MEMBER Trustee or director | 1 | $0 |
990 for the year ended March 31, 2024: 20 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SIMEON BANISTER | PRESIDENT AND CEO Officer | 2 | $0 | $288,482 | $15,201 |
| AMY S VARS CPA | SENIOR VP AND CFO Officer | 2 | $0 | $219,851 | $11,367 |
| MEGAN NORRIS | EXECUTIVE DIRECTOR, ACT ROCHESTER Highest-paid employee | 40 | $107,122 | $0 | $9,576 |
| ADAM P ANOLIK | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ABIGAIL J BENNETT | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| R SCOTT BURDETT | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DAVID P VENISKEY CPA | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| THOMAS S RICHARDS | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MARK A EIDLIN | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ANN H MCMULLEN | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CAROLYN G NUSSBAUM ESQ | COUNSEL Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RICHARD J RIEDMAN | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| FLOR M COLON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DAVID R FERRIS ESQ | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MOLLENE B BENISON CPA | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| FRANCIS J CLEMENT | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ARLINE L BAYO SANTIAGO ESQ | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JAMES H NORMAN | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ABIGAIL A REINHARD | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DR WILLIAM VALENTI | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended March 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JENNIFER LEONARD | VICE PRESIDENT AND CEO Officer | 2 | $0 | $587,333 | $28,524 |
| SIMEON BANISTER | VICE PRESIDENT AND CEO Officer | 2 | $0 | $235,144 | $12,200 |
| AMY S VARS CPA | SENIOR VP AND CFO Officer | 2 | $0 | $206,598 | $10,694 |
| ABIGAIL J BENNETT | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| R SCOTT BURDETT | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DAVID P VENISKEY CPA | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| THOMAS S RICHARDS | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARK A EIDLIN | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MICHELLE A HUTCHINSON ESQ | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CAROLYN G NUSSBAUM ESQ | COUNSEL Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RICHARD J RIEDMAN | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| FLOR M COLON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DAVID R FERRIS ESQ | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MOLLENE B BENISON CPA | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| FRANCIS J CLEMENT | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ARLINE L BAYO SANTIAGO ESQ | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 500 EAST AVENUE, ROCHESTER, NY 14607-1949
- In care of
- % RICHARD A SCHWARTZ PRES
- Principal officer (990 for 2024)
- SIMEON BANISTER, 500 EAST AVENUE, ROCHESTER, NY 14607
- Signed the 990
- SIMEON BANISTER, PRESIDENT AND CEO
- Phone
- (585) 271-4100
- Website
- WWW.RACF.ORG
- Return prepared by
- BONADIO & CO LLP
Mission
SPONSORS PROGRAMS AND PROJECTS THAT ADDRESS THE NEEDS OF THE COMMUNITY. THE ORGANIZATION OPERATES EXCLUSIVELY FOR THE BENEFIT AND SUPPORT OF ROCHESTER AREA COMMUNITY FOUNDATION.
Program accomplishments
- SPONSORS PROGRAMS AND PROJECTS THAT ADDRESS THE NEEDS OF THE COMMUNITY. OPERATES EXCLUSIVELY FOR THE BENEFIT AND SUPPORT OF ROCHESTER AREA COMMUNITY FOUNDATION. THERE WERE 48 GRANTS PAID OUT TO AGENCIES HELPING PEOPLE IN THE GREATER ROCHESTER COMMUNITY.Expenses $2,997,790 · grants $1,998,637
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 March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 80-0024332
- 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
- 2002
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $1,493,301
- Income (IRS master file)
- $2,768,595
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $2,756,360 | $3,146,442 | $1,493,301 | XML |
| 990 | March 2024 | $2,444,586 | $2,413,800 | $2,048,465 | XML |
| 990 | March 2023 | $1,936,576 | $1,773,800 | $1,761,637 | XML |
| 990 | March 2022 | $1,668,196 | $2,281,452 | $1,514,962 | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | 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 80-0024332).
Questions about ROCHESTER AREA COMMUNITY FOUNDATION INITIATIVES INC
- What is the EIN of ROCHESTER AREA COMMUNITY FOUNDATION INITIATIVES INC?
- The employer identification number (EIN) of ROCHESTER AREA COMMUNITY FOUNDATION INITIATIVES INC is 80-0024332.
- Is ROCHESTER AREA COMMUNITY FOUNDATION INITIATIVES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to ROCHESTER AREA COMMUNITY FOUNDATION INITIATIVES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ROCHESTER AREA COMMUNITY FOUNDATION INITIATIVES INC 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 COMMUNITY FOUNDATION INITIATIVES INC due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ROCHESTER AREA COMMUNITY FOUNDATION INITIATIVES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of ROCHESTER AREA COMMUNITY FOUNDATION INITIATIVES INC?
- The 990 for the year ended March 31, 2025 names SIMEON BANISTER.
- Who are the officers and directors of ROCHESTER AREA COMMUNITY FOUNDATION INITIATIVES INC?
- The 990 for the year ended March 31, 2025 lists 22 people; 2 received compensation from the organization.
- How much revenue does ROCHESTER AREA COMMUNITY FOUNDATION INITIATIVES INC have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $2,756,360, expenses of $3,146,442 and total assets of $1,493,301 at year end.
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All nonprofits in ROCHESTER · New York · Philanthropy, voluntarism and grantmaking foundations