2024-01-24T13:22:27-06:00 2023-03-31 161131146 BONADIO & CO LLP 171 SULLYS TRAIL PITTSFORD NY 14534 990 2022-04-01 800024332 ROCHESTER AREA COMMUNITY FOUNDATION INITIATIVES INC ROCH 5852714100 500 EAST AVENUE ROCHESTER NY 14607 SIMEON BANISTER PRESIDENT AND CEO 5852714100 2024-01-18 1 SIMEON BANISTER XXX-XX-XXXX 0 GRACE GONZALEZ P01357170 5853811000 2024-01-18 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SIMEON BANISTER 500 EAST AVENUE ROCHESTER NY 14607 1936576 0 X WWW.RACF.ORG X 2001 NY 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. 13 13 15 15 0 0 1668078 1902736 0 0 118 33840 0 0 1668196 1936576 1081416 1150619 0 0 768025 463444 0 0 16733 432011 159737 2281452 1773800 -613256 162776 1514962 1761637 127996 211895 1386966 1549742 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. 0 0 1677911 1150619 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 80 GRANTS PAID OUT TO AGENCIES HELPING PEOPLE IN THE GREATER ROCHESTER COMMUNITY. 1677911 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 4 0 1 15 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X X MS AMY VARS 5852714100 500 EAST AVENUE ROCHESTER NY 14607 ABIGAIL J BENNETT MEMBER 1.00 X 0 0 0 R SCOTT BURDETT MEMBER 1.00 X 0 0 0 DAVID P VENISKEY CPA MEMBER 1.00 X 0 0 0 THOMAS S RICHARDS CHAIR 1.00 X X 0 0 0 MARK A EIDLIN MEMBER 1.00 X 0 0 0 MICHELLE A HUTCHINSON ESQ MEMBER 1.00 X 0 0 0 CAROLYN G NUSSBAUM ESQ COUNSEL 1.00 X X 0 0 0 RICHARD J RIEDMAN MEMBER 1.00 X 0 0 0 FLOR M COLON SECRETARY 1.00 X X 0 0 0 DAVID R FERRIS ESQ MEMBER 1.00 X 0 0 0 MOLLENE B BENISON CPA TREASURER 1.00 X X 0 0 0 FRANCIS J CLEMENT MEMBER 1.00 X 0 0 0 ARLINE L BAYO SANTIAGO ESQ MEMBER 1.00 X 0 0 0 JENNIFER LEONARD VICE PRESIDENT AND CEO 2.00 38.00 X 0 587333 28524 AMY S VARS CPA SENIOR VP AND CFO 2.00 38.00 X 0 206598 10694 SIMEON BANISTER VICE PRESIDENT AND CEO 2.00 38.00 X 0 235144 12200 0 1029075 51418 0 0 1 0 0 2117 425731 322500 1152388 1135 1902736 33840 33840 1936576 0 0 33840 1140250 1140250 10369 10369 377462 369152 2380 5930 15773 15426 99 248 33978 33230 215 533 36231 35434 228 569 500 500 7039 7039 250 250 6226 5879 347 35917 34836 359 722 29585 9198 12154 8233 114 114 2008 2008 63146 63146 CONVENING & CONTR.SERVI 7343 7343 OTHER FEES 5434 5271 54 109 EQUIPMENT RENTAL 2100 2037 21 42 PROFESSIONAL DUES 75 75 1773800 1677911 79156 16733 X 1479326 1749030 34586 5122 1050 7485 1514962 1761637 2307 773 48456 121372 77233 89750 127996 211895 X 1386966 1549742 1386966 1549742 1514962 1761637 162776 0 X X 0 1 X 1 0 X 3119165 2629810 2993719 1668078 1902736 12313508 3119165 2629810 2993719 1668078 1902736 12313508 3076273 9237235 879 126 33840 34845 10998 263026 274024 12622377 0.73180 0.82310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 ACCRUED EXPENSES 37250 DEFERRED CONTRIBUTIONS 52500 89750 1 ACTION FOR A BETTER COMMUNITY 400 WEST AVENUE ROCHESTER NY 14611 160902835 501(C)(3) 9100 0 RENEW PROGRAM GRANTS AGAPE HAVEN OF ABUNDANCE 289 DRIVING PARK ROCHESTER NY 14613 842039250 501(C)(3) 15000 0 URBAN YOUTH EMPOWERMENT PROGRAM CAMERON COMMUNITY MINISTRIES 48 CAMERON STREET ROCHESTER NY 146061743 161257507 501(C)(3) 25000 0 R & R FOR GIRLS CENTER FOR AN URBAN FUTURE 120 WALL STREET 20TH FLOOR NEW YORK NY 10005 133185114 501(C)(3) 100000 0 CREATIVE ECONOMY STUDY CENTER FOR GOVERNMENTAL RESEARCH 1 SOUTH WASHINGTON STREET SUITE 400 ROCHESTER NY 14614 160754774 501(C)(3) 34500 0 ACT ROCHESTER CENTER FOR TEEN EMPOWERMENT 392 GENESEE STREET ROCHESTER NY 14611 043091002 501(C)(3) 25000 0 YOUNG WOMEN'S LEADERSHIP AND EMPLOYMENT PROJECT GREATER ROCHESTER CHAMBER OF COMMERCE FOUNDATION 150 STATE STREET ROCHESTER NY 146141308 411675433 501(C)6 10155 0 WOMEN'S COUNCIL YOUNG WOMEN OF DISTINCTION PROGRAM GREATER ROCHESTER SUMMER LEARNING ASSOCIATION 274 N GOODMAN STREET SUITE D103 ROCHESTER NY 14607 452797098 501(C)(3) 45000 0 SUMMERLEAP INTO KINDERGARTEN GREENTOPIA 74 BROWNS RACE ROCHESTER NY 146141006 274112147 501(C)(3) 27000 0 GREEN VISIONS AND THE SYMBOL GRANTS JUDICIAL PROCESS COMMISSION 200 WEST AVENUE ROCHESTER NY 14611 223153478 501(C)(3) 25000 0 WOMEN'S LEGAL ACTION AND EMPLOYABILITY PROJECT MENTORS INSPIRING BOYS & GIRLS 75 GROVER STREET ROCHESTER NY 14611 834402310 501(C)(3) 10000 0 GENERATION Z; BREAKING THE SCHOOL TO PRISON PIPELINE STAGE PLAY NEIGHBORWORKS COMMUNITY PARTNERS ROCHESTER 570 SOUTH AVENUE ROCHESTER NY 14620 132976987 501(C)(3) 5600 0 RENEW PROGRAM GRANTS NYS NETWORK FOR YOUTH SUCCESS 415 RIVER STREET 2ND FLOOR TROY NY 12180 133841114 501(C)(3) 10000 0 FINGER LAKES COMMUNITY SCHOOLS VIDEOGRAPHY TRIP PATHSTONE CORPORATION 400 EAST AVENUE ROCHESTER NY 14607 160984913 501(C)(3) 406517 0 RENEW PROGRAM GRANTS UNITY HOSPITAL OF ROCHESTER 89 GENESEE STREET ROCHESTER NY 14611 237221763 501(C)(3) 25000 0 PROJECT INDEPENDENCE URBAN LEAGUE OF ROCHESTER NY 265 NORTH CLINTON AVENUE ROCHESTER NY 146051857 160906150 501(C)(3) 25000 0 PROJECT FAMILIES IN TRANSITION (FIT) VILLA OF HOPE 3300 DEWEY AVENUE ROCHESTER NY 14616 160743164 501(C)(3) 30000 0 WORK BASED LEARNING; ARTS REACHING AND TEACHING IN VOH 16 1 DISABILITIES - CUSTOMIZED EMPLOYMENT PROJECT 1 10369 PART I, LINE 2: ALL GRANTEES ARE CONFIRMED AS ELIGIBLE U.S. BASED PUBLIC CHARITIES PRIOR TO GRANT DISBURSEMENT. RECIPIENTS OF LARGE GRANTS (OVER $10,000) MAY BE REQUIRED TO SUBMIT REPORTS ON THEIR ACCOMPLISHMENTS. AN AFFILIATED ORGANIZATION, ROCHESTER AREA COMMUNITY FOUNDATION, MAINTAINS INFORMATION ABOUT GRANTEES AND CONDUCTS DUE DILIGENCE TO ENSURE SOUND USE OF FUNDS. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 JENNIFER LEONARD VICE PRESIDENT AND CEO 0 579198 0 0 0 8135 0 14243 0 14281 0 615857 0 213750 SIMEON BANISTER VICE PRESIDENT AND CEO 0 219444 0 0 0 15700 0 11228 0 972 0 247344 0 0 AMY S VARS CPA SENIOR VP AND CFO 0 205834 0 0 0 764 0 10180 0 514 0 217292 0 0 FORM 990, SCHEDULE J, PAGE 3, PART III ROCHESTER AREA COMMUNITY FOUNDATION (RACF), A RELATED ORGANIZATION, WAS RESPONSIBLE FOR PAYING THE COMPENSATION FOR ROCHESTER AREA COMMUNITY FOUNDATION INITIATIVES, INC.'S FORMER VICE PRESIDENT AND CEO AND THE RESPECTIVE HEALTH OR SOCIAL CLUB DUES, AS WELL AS THE COMPENSATION OF THE VICE PRESIDENT AND CEO AND SENIOR VICE PRESIDENT AND CFO. THE FOLLOWING WAS USED BY RACF WHEN DETERMINING THE VICE PRESIDENT AND CEO'S COMPENSATION - INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION STUDY, FORM 990 OF OTHER ORGANIZATIONS - AND APPROVAL BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B OUR FINANCE COMMITTEE MEMBERS ARE EACH EMAILED A COPY OF THE FORM 990 PRIOR TO THE 990 BEING FILED. THEY ARE GIVEN APPROXIMATELY TWO WEEKS TO REVIEW THE DOCUMENT. DURING THAT TIME THEY ASK THE SENIOR VICE PRESIDENT AND CFO ANY QUESTIONS OR CONCERNS THEY HAVE ABOUT THE 990. THE SENIOR VICE PRESIDENT AND CFO ADDRESSES AND RESOLVES ALL QUESTIONS AND ISSUES ON THE 990. THE INDIVIDUAL FINANCE COMMITTEE MEMBERS SUBMIT THEIR APPROVAL BY EMAIL. ONCE APPROVED BY ALL FINANCE COMMITTEE MEMBERS, THE FORM 990 IS EMAILED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW. THE FORM 990 IS DISCUSSED AT THE NEXT BOARD MEETING PRIOR TO THE FORM 990 BEING FILED. IT IS A SEPARATE AGENDA ITEM FOR THE BOARD MEETING, GIVING THE MEMBERS AN OPPORTUNITY TO DISCUSS ANY QUESTIONS THAT THEY MIGHT HAVE. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, KEY EMPLOYEES AND STAFF ARE REQUIRED ANNUALLY TO COMPLETE A CONFLICT OF INTEREST FORM. THIS FORM ASKS THE INDIVIDUAL TO DISCLOSE ALL CURRENT POSITIONS OR RELATIONSHIPS IN WHICH THEY ARE INVOLVED OR WHICH MAY POSE A POTENTIAL CONFLICT OF INTEREST, AND SHALL FURTHER DISCLOSE ANY SUBSEQUENTLY ESTABLISHED RELATIONSHIP THAT MAY BE PERCEIVED TO BE A POTENTIAL CONFLICT OF INTEREST. IT IS OUR POLICY THAT THROUGHOUT THE YEAR AT BOARD AND COMMITTEE MEETINGS THAT ALL CONFLICTS OF INTEREST, INCLUDING POTENTIAL INTERESTS, SHALL BE DISCLOSED, AND THAT DIRECTORS AND COMMITTEE MEMBERS SHALL REFRAIN FROM VOTING OR PARTICIPATING IN ANY BOARD OR COMMITTEE ACTION INVOLVING THE ENTITY WITH WHICH THERE MAY BE A CONFLICT, BY LEAVING THE ROOM DURING SUCH VOTE OR ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE VICE PRESIDENT AND CEO RETIRED SIX MONTHS AFTER THE START OF THE YEAR ON 9/30/2022 SO THE ORGANIZATION HAD A REVISED PERFORMANCE REVIEW PROCESS. THE SENIOR VICE PRESIDENT AND CFO PROVIDES COMPENSATION HISTORY AND SALARY/BENEFIT COMPS FROM LOCAL AND NATIONAL PEERS TO THE EXECUTIVE COMMITTEE. AN EXECUTIVE SESSION OF THE EXECUTIVE COMMITTEE IS FOLLOWED BY A MEETING WITH VICE PRESIDENT AND CEO TO SHARE PERFORMANCE REVIEW. CHAIR PREPARES SALARY RECOMMENDATION FOR EXECUTIVE COMMITTEE. FULL EXECUTIVE COMMITTEE RATIFIES SALARY RECOMMENDATION; CHAIR COMMUNICATES IN WRITING TO VICE PRESIDENT AND CEO AND SENIOR VICE PRESIDENT AND CFO FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON REQUEST. IN ADDITION, THE ORGANIZATION'S FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE ON THE WEBSITE WWW.RACF.ORG. FORM 990, PART XII, LINE 2C THE AUDIT COMMITTEE IS RESPONSIBLE FOR THE REVIEW AND APPROVAL OF THE AUDITED FINANCIAL STATEMENTS. FORM 990: RECONCILIATION OF REVENUE AND EXPENSES: ROCHESTER AREA COMMUNITY FOUNDATION INITIATIVES, INC. IS AN AFFILIATE OF ROCHESTER AREA COMMUNITY FOUNDATION. AS SUCH, A SINGLE FINANCIAL STATEMENT AUDIT IS PERFORMED ON ROCHESTER AREA COMMUNITY FOUNDATION AND ITS AFFILIATES. THEREFORE, THE INFORMATION PROVIDED IS BASED UPON ROCHESTER AREA COMMUNITY FOUNDATION INITIATIVES, INC. AS IF A STAND-ALONE FINANCIAL STATEMENT OF THIS ENTITY WAS PREPARED. FORM 990, SCHEDULE A: ROCHESTER AREA COMMUNITY FOUNDATION INITIATIVES, INC. IS A NOT-FOR-PROFIT CORPORATION WHICH IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES BY SUPPORTING ACTIVITIES THAT BENEFIT ROCHESTER AREA COMMUNITY FOUNDATION (RACF). THE ORGANIZATION SPONSORS CHARITABLE PROJECTS AND PROGRAMS MEETING COMMUNITY NEEDS THAT ARE CONCEIVED AND DEVELOPED BY PERSONS FROM THE COMMUNITY. THE ORGANIZATION RECEIVES CONTRIBUTIONS AND MAKES GRANTS TO QUALIFIED AGENCIES AND PROGRAMS ORGANIZED AND OPERATED FOR CHARITABLE, EDUCATIONAL OR OTHER SIMILAR PURPOSES. ROCHESTER AREA COMMUNITY FOUNDATION 500 EAST AVENUE ROCHESTER NY 146071712 237250641 GRANT-MAKING COMMUNITY FOUNDATION NY 501(C)(3) 7 N/A 0 ROCHESTER AREA COMMUNITY FOUNDATION DEPOSITORY INC 500 EAST AVENUE ROCHESTER NY 146071912 223106737 PROVIDE GRANTS TO PUBLIC CHARITIES NY 501(C)(3) 7 ROCHESTER AREA COMMUNITY FOUNDATION 0 ROCHESTER AREA FOUNDATION INC 500 EAST AVENUE ROCHESTER NY 146071912 161539889 PROVIDE RENTAL SPACE TO EXEMPT ORGANIZATIONS NY 501(C)(3) 12A ROCHESTER AREA COMMUNITY FOUNDATION 0 SANDS FAMILY SUPPORTING FOUNDATION INC 500 EAST AVENUE ROCHESTER NY 146071712 810751295 SUPPORTS THE CHARITABLE EFFORTS OF ROCHESTER AREA COMMUNITY FOUNDATION NY 501(C)(3) 12A ROCHESTER AREA COMMUNITY FOUNDATION 0 THE HAROLD AND JOAN FEINLOOM SUPPORTING FOUNDATION INC 500 EAST AVENUE ROCHESTER NY 146071912 222988808 SUPPORT THE CHARITABLE EFFORTS OF ROCHESTER AREA COMMUNITY FOUNDATION NY 501(C)(3) 12A ROCHESTER AREA COMMUNITY FOUNDATION 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 ROCHESTER AREA COMMUNITY FOUNDATION C 425731 FMV