ROCHESTER ECONOMIC DEVELOPMENT CORPORATION: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- ROCHESTER ECONOMIC DEVELOPMENT CORPORATION (EIN 22-2559522)
- Tax period
- 2022-10-01 to 2023-09-30
- Filed
- 2024-08-15
- IRS object ID
- 202432289349301988
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-08-15T12:21:20-05:00 | ReturnTs |
| Tax Period End | 2023-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 474526160 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EFPR GROUP CPAS PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6390 MAIN STREET SUITE 200 | AddressLine1Txt |
| City | WILLIAMSVILLE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 14221 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 222559522 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROCHESTER ECONOMIC DEVELOPMENT | BusinessNameLine1Txt |
| Business Name Line2 | CORPORATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ROCH | BusinessNameControlTxt |
| Phone | 5859210500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 250 MILL STREET 502 | AddressLine1Txt |
| City | ROCHESTER | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 14614 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KEITH CLEARY | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 5859210500 | PhoneNum |
| Signature | 2024-08-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DAVID A URBAN CPA | PreparerPersonNm |
| PTIN | P00630018 | PTIN |
| Phone | 7166340700 | PhoneNum |
| Preparation | 2024-08-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2024-08-08 14:25:15Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Principal Officer | KEITH CLEARY | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 250 MILL STREET 502 | AddressLine1Txt |
| City | ROCHESTER | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 14614 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,678,624 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.ROCEDC.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1983 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 8 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 8 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,351,033 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,318,347 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $162,199 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $150,967 | CYProgramServiceRevenueAmt |
| PY Investment Income | $23,428 | PYInvestmentIncomeAmt |
| CY Investment Income | $190,045 | CYInvestmentIncomeAmt |
| PY Other Revenue | $716 | PYOtherRevenueAmt |
| CY Other Revenue | $13,756 | CYOtherRevenueAmt |
| PY Total Revenue | $1,537,376 | PYTotalRevenueAmt |
| CY Total Revenue | $1,673,115 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,450,666 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,290,807 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $785,339 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $916,918 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $632,904 | PYOtherExpensesAmt |
| CY Other Expenses | $469,485 | CYOtherExpensesAmt |
| PY Total Expenses | $2,868,909 | PYTotalExpensesAmt |
| CY Total Expenses | $2,677,210 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,331,533 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$1,004,095 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $12,826,853 | TotalAssetsBOYAmt |
| Total Assets EOY | $13,306,580 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $494,215 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,978,037 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $12,332,638 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $11,328,543 | NetAssetsOrFundBalancesEOYAmt |
| 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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,588,211 | ExpenseAmt |
| Grant | $1,290,807 | GrantAmt |
| Revenue | $150,967 | RevenueAmt |
| Desc | 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. | Desc |
| Total Program Service Expenses | $1,588,211 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 14 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 8 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 8 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | 0 | ConflictOfInterestPolicyInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KEITH CLEARY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5859210500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 250 MILL STREET | AddressLine1Txt |
| City | ROCHESTER | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 14614 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| DANA MILLER | ||||||
| CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| DR DT OGILVIE | ||||||
| VICE CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| KEITH CLEARY | ||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| MICHAEL A PATTERSON | ||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| HOLLIS S BUDD | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| GENE DEPREZ | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| SERGIO ESTEBAN | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MATTHEW A KUHLENBECK PHD | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $1,040,803 | GovernmentGrantsAmt |
| All Other Contributions | $277,544 | AllOtherContributionsAmt |
| Total Contributions | $1,318,347 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| INTEREST ON NOTE RECEI | 523000 | $128,475 | $128,475 |
| FEES ON LOANS & GRANTS | 523000 | $22,492 | $22,492 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $150,967 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $190,045 | TotalRevenueColumnAmt |
| Exclusion | $190,045 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $19,048 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $5,509 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $13,539 | TotalRevenueColumnAmt |
| Exclusion | $13,539 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $217 | TotalRevenueColumnAmt |
| Exclusion | $217 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $217 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,673,115 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $150,967 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $203,801 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,290,807 | TotalAmt |
| Program Services | $1,290,807 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $695,025 | TotalAmt |
| Program Services | $131,274 | ProgramServicesAmt |
| Management And General | $563,751 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $221,893 | TotalAmt |
| Program Services | $39,703 | ProgramServicesAmt |
| Management And General | $182,190 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $120,023 | TotalAmt |
| Program Services | $21,476 | ProgramServicesAmt |
| Management And General | $98,547 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $88,730 | TotalAmt |
| Program Services | $73,861 | ProgramServicesAmt |
| Management And General | $14,869 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $99,940 | TotalAmt |
| Program Services | $31,090 | ProgramServicesAmt |
| Management And General | $68,850 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,215 | TotalAmt |
| Management And General | $27,215 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,649 | TotalAmt |
| Management And General | $16,649 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $41,136 | TotalAmt |
| Management And General | $41,136 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $41,030 | TotalAmt |
| Management And General | $41,030 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,943 | TotalAmt |
| Management And General | $5,943 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,010 | TotalAmt |
| Management And General | $10,010 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,000 | TotalAmt |
| Management And General | $8,000 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,752 | TotalAmt |
| Management And General | $9,752 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BANK CHARGES | Desc |
| Total | $1,057 | TotalAmt |
| Management And General | $1,057 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,677,210 | TotalAmt |
| Program Services | $1,588,211 | ProgramServicesAmt |
| Management And General | $1,088,999 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,480,010 | BOYAmt |
| EOY | $8,551,251 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $966 | BOYAmt |
| EOY | $14,952 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,284,213 | BOYAmt |
| EOY | $4,457,902 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,721 | BOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $49,560 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $17,617 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,943 | BOYAmt |
| EOY | $31,943 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $250,532 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,826,853 | BOYAmt |
| EOY | $13,306,580 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $175,228 | BOYAmt |
| EOY | $253,100 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $318,987 | BOYAmt |
| EOY | $1,474,405 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $250,532 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $494,215 | BOYAmt |
| EOY | $1,978,037 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,332,638 | BOYAmt |
| EOY | $11,328,543 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,332,638 | BOYAmt |
| EOY | $11,328,543 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,826,853 | BOYAmt |
| EOY | $13,306,580 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$1,004,095 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $212,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,247,595 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,351,033 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,318,347 | CurrentTaxYearAmt |
| Total | $4,128,975 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $212,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,247,595 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,351,033 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,318,347 | CurrentTaxYearAmt |
| Total | $4,128,975 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $4,128,975 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $12,108 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,032 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,036 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $23,428 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $190,045 | CurrentTaxYearAmt |
| Total | $236,649 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $716 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $217 | CurrentTaxYearAmt |
| Total | $933 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $4,366,557 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $992,277 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.94560 | PublicSupportCY170Pct |
| Public Support PY170 | 0.97970 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $42,107 | OtherCostOrOtherBasisAmt |
| Depreciation | $14,617 | DepreciationAmt |
| Book Value | $27,490 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,453 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,000 | DepreciationAmt |
| Book Value | $4,453 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $31,943 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LEASE LIABILITY | Desc |
| Amt | $250,532 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $250,532 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $1,678,624 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | $5,509 | OtherRevenueAmt |
| Revenue Not Reported | $5,509 | RevenueNotReportedAmt |
| Revenue Subtotal | $1,673,115 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $1,673,115 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $2,682,719 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $5,509 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $5,509 | ExpensesNotReportedAmt |
| Expenses Subtotal | $2,677,210 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $2,677,210 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | GOLF TOURNAMENT | Event1Nm |
| Gross Receipts Event1 | $19,048 | GrossReceiptsEvent1Amt |
| Gross Revenue Event1 | $19,048 | GrossRevenueEvent1Amt |
| Other Direct Expenses Event1 | $5,509 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $19,048 | GrossReceiptsTotalAmt |
| Gross Revenue Total Events | $19,048 | GrossRevenueTotalEventsAmt |
| Oth Direct Expnss Total Events | $5,509 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $5,509 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $13,539 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (28 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt | IRC SectionIRCSectionDesc |
|---|---|---|---|---|---|---|---|---|
| AIOPX MANAGEMENT CONSULTING | ||||||||
| 1007 LA QUINTA DR | WEBSTER | NY | 14580 | 454837264 | $24,500 | $0 | ENTREPRENEURIAL SUPPORT PROGRAM | |
| AMAZON | ||||||||
| 410 TERRY AVE N | SEATTLE | WA | 98109 | $21,608 | $0 | ESL COMPUTER LAB | ||
| AMERICAN SPECIALTY DBA AS BOSS SAUCE | ||||||||
| 272 HUDSON AVE | ROCHESTER | NY | 14605 | $250,000 | $0 | REVITALIZE ROCHESTER BUILDING RENOVATION | ||
| CABHQ LLC DBA BEYOND TEAL | ||||||||
| 19 RUSTIC PINES | PITTSFORD | NY | 14534 | 260828895 | $28,500 | $0 | ENTREPRENEURIAL SUPPORT PROGRAM | |
| CERTAINTY ANALYTICAL LABS | ||||||||
| 260 EAST MAIN STREET SUITE 6411 | ROCHESTER | NY | 14604 | 862694803 | $10,000 | $0 | PHILIP J. BANKS GRANT | |
| COMMUNITY EMPOWERMENT OPPORTUNITIES LLC | ||||||||
| 2710 ENSEMBLE COURT | CHARLOTTE | NC | 28262 | 223922508 | $24,500 | $0 | ENTREPRENEURIAL SUPPORT PROGRAM | |
| CONSUMER CREDIT COUNSELING SERVICE OF ROCHESTER INC | ||||||||
| 1000 UNIVERSITY AVE SUITE 900 | ROCHESTER | NY | 14607 | 160972260 | $46,739 | $0 | ENTREPRENEURIAL SUPPORT PROGRAM | 501(C)3 |
| CURATORS OF THE UNIVERSITY OF MISSOURI DBA UMKC INNOVATION CENTER | ||||||||
| PO BOX 80511 | KANSAS CITY | MO | 64180 | 436003859 | $15,000 | $0 | ENTREPRENEURIAL SUPPORT PROGRAM | |
| GREATER WORKS COLLABORATIVE INC | ||||||||
| 139 LIME ROCK RD | LEROY | NY | 12203 | 831252815 | $36,400 | $0 | ENTREPRENEURIAL SUPPORT PROGRAM | 501(C)3 |
| IBERO - AMERICAN ACTION LEAGUE INC | ||||||||
| 817 EAST MAIN STREET | ROCHESTER | NY | 14605 | 160954745 | $36,400 | $0 | ENTREPRENEURIAL SUPPORT PROGRAM | 501(C)3 |
| JOHN RODRIGUEZ4CHANGE LLC | ||||||||
| 19 SANFILIPPO CIRCLE | ROCHESTER | NY | 14625 | 873820614 | $46,739 | $0 | ENTREPRENEURIAL SUPPORT PROGRAM | |
| MARKET ACESS COMPANY INC | ||||||||
| 1404 EAST AVENUE | ROCHESTER | NY | 14610 | 320266932 | $46,739 | $0 | ENTREPRENEURIAL SUPPORT PROGRAM | |
| MEN OF EUREKA DEVELOPMENT LLC | ||||||||
| 616 BROWN ST | ROCHESTER | NY | 14611 | 851197401 | $34,396 | $0 | ENTREPRENEURIAL SUPPORT PROGRAM | |
| MONROE COMMUNITY COLLEGE | ||||||||
| 1000 EAST HENRIETTA ROAD | ROCHESTER | NY | 14623 | 160849590 | $46,739 | $0 | ENTREPRENEURIAL SUPPORT PROGRAM | 501(C)3 |
| NORTHERN NOLA | ||||||||
| 53 CELEBRATION DR | ROCHESTER | NY | 14620 | 854107481 | $10,000 | $0 | PHILIP J. BANKS GRANT | |
| PALO ALTO SOFTWARE INC | ||||||||
| 44 W BROADWAY SUITE 500 | EUGENE | OR | 97401 | 931131141 | $5,500 | $0 | ESL COMPUTER LAB | |
| PLAN-IT EBONI LLC | ||||||||
| 887 HIDDEN VALLEY ROAD | ROCHESTER | NY | 14624 | 871837573 | $46,739 | $0 | ENTREPRENEURIAL SUPPORT PROGRAM | |
| PREDICTIVE INSIGHTS LLC | ||||||||
| 41720 CHIANTI CT | PALMDALE | CA | 93551 | 821662488 | $24,500 | $0 | ENTREPRENEURIAL SUPPORT PROGRAM | |
| PRESTIGE JANITORIAL LLC | ||||||||
| 128 MCNAUGHTON ST | ROCHESTER | NY | 14606 | 824160294 | $5,190 | $0 | ESL COMPUTER LAB | |
| ROCHESTER COMMISSARY LLC | ||||||||
| 100 CHESTNUT ST STE 1910 | ROCHESTER | NY | 14604 | 832860315 | $36,400 | $0 | ENTREPRENEURIAL SUPPORT PROGRAM | |
| ROCHESTER FINANCIAL EMPOWERMENT CENTER | ||||||||
| 1050 UNIVERISTY AVENUE SUITE A | ROCHESTER | NY | 14607 | $173,500 | $0 | PASSTHROUGH FUNDING FOR FINANCIAL EMPOWERMENT CENTER | ||
| ROCHESTER INSTITUTE OF TECHNOLOGY | ||||||||
| 25 LOMB MEMORIAL DRIVE | ROCHESTER | NY | 14623 | 160743140 | $46,739 | $0 | ENTREPRENEURIAL SUPPORT PROGRAM | 501(C)3 |
| SHERRY PERRY TSHIBANGU DBA INNOVATIVE BUSINESS ADVISORS | ||||||||
| 28 SAMANTHAS WAY | PITTSFORD | NY | 14534 | $24,500 | $0 | ENTREPRENEURIAL SUPPORT PROGRAM | ||
| THIRD EYE NETWORK LLC | ||||||||
| 250 MILL STREET | ROCHESTER | NY | 14614 | 263417868 | $84,637 | $0 | ENTREPRENEURIAL SUPPORT PROGRAM | |
| URBAN LEAGUE OF ROCHESTER NY INC | ||||||||
| 265 NORTH CLINTON AVE | ROCHESTER | NY | 14605 | 160906150 | $36,400 | $0 | ENTREPRENEURIAL SUPPORT PROGRAM | 501(C)3 |
| VENTURE JOBS FOUNDATION | ||||||||
| 260 EAST MAIN STREET SUITE 2701 | ROCHESTER | NY | 14604 | 273255356 | $46,739 | $0 | ENTREPRENEURIAL SUPPORT PROGRAM | 501(C)3 |
| VOLUNTEER LEGAL SERVICES PROJECT OF MONROE COUNTY INC | ||||||||
| ONE WEST MAIN STREET 5TH FLOOR | ROCHESTER | NY | 14614 | 222462905 | $36,400 | $0 | ENTREPRENEURIAL SUPPORT PROGRAM | 501(C)3 |
| WORLD WISE DESIGNS INC DBA G-FORCE COLLABORATIONS | ||||||||
| 2435 HIGHLAND AVE | ROCHESTER | NY | 14610 | 161376303 | $24,500 | $0 | ENTREPRENEURIAL SUPPORT PROGRAM | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 8 | Total501c3OrgCnt |
| Total Other Org | 29 | TotalOtherOrgCnt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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. |
Comments