ROCHESTER ECONOMIC DEVELOPMENT CORPORATION: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- ROCHESTER ECONOMIC DEVELOPMENT CORPORATION (EIN 22-2559522)
- Tax period
- 2020-10-01 to 2021-09-30
- Filed
- 2022-02-15
- IRS object ID
- 202210469349301676
- Schema version
- 2020v4.2
- 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 | 2022-02-15T15:12:19-06:00 | ReturnTs |
| Tax Period End | 2021-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 454051133 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FREED MAXICK CPAS PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE EVANS STREET | AddressLine1Txt |
| City | BATAVIA | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 140203110 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-10-01 | 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 | 55-57 ST PAUL STREET | AddressLine1Txt |
| City | ROCHESTER | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 14604 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KEITH CLEARY | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 5859210500 | PhoneNum |
| Signature | 2022-02-01 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | KEITH | PersonFirstNm |
| Person Last | CLEARY | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | NICOLE M WHITE | PreparerPersonNm |
| PTIN | P01599383 | PTIN |
| Phone | 5853441967 | PhoneNum |
| Preparation | 2022-02-01 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | 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 | 55-57 ST PAUL STREET | AddressLine1Txt |
| City | ROCHESTER | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 14604 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $3,157,197 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.REDCOROC.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1983 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | ROCHESTER ECONOMIC DEVELOPMENT CORPORATION WAS FORMED FOR THE PURPOSE OF CREATING EMPLOYMENT OPPORTUNITIES, PARTICULARLY FOR LOW AND MODERATE INCOME PERSONS, THEREBY IMPROVING THE QUALITY AND CONDITION OF LIFE IN THE CITY OF ROCHESTER, NY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 11 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $212,000 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,247,595 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $216,591 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $324,566 | CYProgramServiceRevenueAmt |
| PY Investment Income | $6,032 | PYInvestmentIncomeAmt |
| CY Investment Income | $118,492 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $434,623 | PYTotalRevenueAmt |
| CY Total Revenue | $1,690,653 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,647,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,312,595 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $328,422 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $402,416 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $275,100 | PYOtherExpensesAmt |
| CY Other Expenses | $916,239 | CYOtherExpensesAmt |
| PY Total Expenses | $2,250,522 | PYTotalExpensesAmt |
| CY Total Expenses | $2,631,250 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,815,899 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$940,597 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $16,814,300 | TotalAssetsBOYAmt |
| Total Assets EOY | $15,049,866 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,209,533 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,385,695 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $14,604,767 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $13,664,171 | NetAssetsOrFundBalancesEOYAmt |
| Mission | WE CREATE EQUITABLE NEIGHBORHOOD WEALTH FOR EXISTING AND NEW BUSINESSES THROUGH STRATEGIC ECONOMIC DEVELOPMENT. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,312,595 | ExpenseAmt |
| Grant | $1,312,595 | GrantAmt |
| Revenue | $324,566 | 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 | $1,312,595 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | 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 | 0 | 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 | 0 | 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 | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| 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 | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KEITH CLEARY | PersonNm |
| Phone | 5859210500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55-57 ST PAUL STREET | AddressLine1Txt |
| City | ROCHESTER | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 14604 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (11 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 PATTERSON | ||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| TOM ARGUST | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| SERGIO ESTEBAN | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| GREGORY EWING | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MATTHEW KUHLENBECK | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JESSICA LEWIS | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| WILLIE LIGHTFOOT | ||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| TONY SMITH | ||||||
| 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 |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COORDINATED CARE SERVICES INC | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1099 JAY STREET | AddressLine1Txt |
| City | ROCHESTER | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 14611 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | OUTSOURCED PERSONNEL | ServicesDesc |
| Compensation | $726,267 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $1,247,595 | AllOtherContributionsAmt |
| Total Contributions | $1,247,595 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| INTEREST ON NOTE RECEIVABLE | 523000 | $172,512 | $172,512 |
| SERVICE FEE | 900099 | $134,054 | $134,054 |
| RENTAL INCOME | 531120 | $18,000 | $18,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $324,566 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,036 | TotalRevenueColumnAmt |
| Exclusion | $5,036 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $1,580,000 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $1,466,544 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $113,456 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $113,456 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $113,456 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,690,653 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $438,022 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $5,036 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,311,195 | TotalAmt |
| Program Services | $1,311,195 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,400 | TotalAmt |
| Program Services | $1,400 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $352,410 | TotalAmt |
| Management And General | $352,410 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,006 | TotalAmt |
| Management And General | $50,006 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $78,748 | TotalAmt |
| Management And General | $78,748 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $174,961 | TotalAmt |
| Management And General | $174,961 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,728 | TotalAmt |
| Management And General | $11,728 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $414,856 | TotalAmt |
| Management And General | $414,856 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $60,581 | TotalAmt |
| Management And General | $60,581 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $75,413 | TotalAmt |
| Management And General | $75,413 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,660 | TotalAmt |
| Management And General | $18,660 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,897 | TotalAmt |
| Management And General | $8,897 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,755 | TotalAmt |
| Management And General | $47,755 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,154 | TotalAmt |
| Management And General | $9,154 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|
| TRAINING | $13,693 | $13,693 |
| MEALS | $1,489 | $1,489 |
| BANK CHARGES | $304 | $304 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,631,250 | TotalAmt |
| Program Services | $1,312,595 | ProgramServicesAmt |
| Management And General | $1,318,655 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,480,784 | BOYAmt |
| EOY | $8,915,979 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,610 | BOYAmt |
| EOY | $1,348 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,333,222 | BOYAmt |
| EOY | $6,081,658 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $8,526 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $45,810 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $3,455 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,996,684 | BOYAmt |
| EOY | $42,355 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,814,300 | BOYAmt |
| EOY | $15,049,866 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $109,033 | BOYAmt |
| EOY | $170,190 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,100,500 | BOYAmt |
| EOY | $1,215,505 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,209,533 | BOYAmt |
| EOY | $1,385,695 | 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 | $5,699,517 | BOYAmt |
| EOY | $1,731,222 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,905,250 | BOYAmt |
| EOY | $11,932,949 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,604,767 | BOYAmt |
| EOY | $13,664,171 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,814,300 | BOYAmt |
| EOY | $15,049,866 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$940,597 | ReconcilationRevenueExpnssAmt |
| Prior Period Adjustments | $1 | PriorPeriodAdjustmentsAmt |
| 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) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $210,000 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,247,595 | CurrentTaxYearAmt |
| Total | $1,457,595 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $1,814,706 | CurrentTaxYearMinus2YearsAmt |
| Total | $1,814,706 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $1,814,706 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $210,000 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,247,595 | CurrentTaxYearAmt |
| Total | $3,272,301 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $3,272,301 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $7,324 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $10,944 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $12,108 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,032 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,036 | CurrentTaxYearAmt |
| Total | $41,444 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $7,324 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $10,944 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $12,108 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,032 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,036 | CurrentTaxYearAmt |
| Total | $41,444 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $7,324 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $10,944 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,826,814 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $216,032 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,252,631 | CurrentTaxYearAmt |
| Total | $3,313,745 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.98750 | PublicSupportCY509Pct |
| Investment Income CY | 0.01250 | InvestmentIncomeCYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART IV, SECTION B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | OTHER THAN THE EX-OFFICIO MEMBERS REQUIRED BY THE ORGANIZATION'S BY-LAWS, ALL MEMBERS MUST BE APPROVED BY THE ROCHESTER ECONOMIC DEVELOPMENT CORPORATION. THE CITY OF ROCHESTER DOES NOT HAVE THE POWER TO ELECT OR APPOINT MEMBERS TO THE BOARD. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,453 | OtherCostOrOtherBasisAmt |
| Depreciation | $746 | DepreciationAmt |
| Book Value | $6,707 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $38,357 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,709 | DepreciationAmt |
| Book Value | $35,648 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $42,355 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $1,690,653 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $1,690,653 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $1,690,653 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $2,631,250 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $2,631,250 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $2,631,250 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE CORPORATION IS A PUBLIC BENEFIT CORPORATION OF THE STATE OF NEW YORK AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 115 OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE ON THE ACCOMPANYING FINANCIAL STATEMENTS. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (23 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|
| AIOPX MANAGEMENT CONSULTING | |||||
| 1007 LA QUINTA DRIVE | WEBSTER | NY | 14580 | $50,000 | ENTREPRENEUR COACHING |
| CABHQ LLC DBA BEYOND TEAL | |||||
| 19 RUSTIC PINES | PITTSFORD | NY | 14534 | $50,000 | ENTREPRENEUR COACHING |
| CITY OF ROCHESTER | |||||
| 30 CHURCH ST | ROCHESTER | NY | 14614 | $251,226 | ROCHESTER FINANCIAL EMPOWERMENT CENTER, BEAUTIFY THURSTON BROOKS AREA WITH BANNERS, AND ZONING PROGRAM |
| COMMUNITY EMPOWERMENT OPPORTUNITIES LLC | |||||
| 2120 N BREVARD STREET | CHARLOTTE | NC | 28206 | $50,000 | ENTREPRENEUR COACHING |
| CURATORS OF THE UNIVERSITY OF MISSOURI DBA UMKC INNOVATION CENTER | |||||
| PO BOX 80511 | KANSAS CITY | MO | 641805111 | $174,600 | SOURCE LINK - DATABASE FOR ENTREPRENEURS |
| GREATER WORKS COLLABORATIVE INC | |||||
| PO BOX 38129 | ALBANY | NY | 12203 | $78,750 | ENTREPRENEUR SUPPORT ORGANIZATION AND COACHING |
| IBERO-AMERICAN ACTION LEAGUE INC | |||||
| 817 EAST MAIN ST | ROCHESTER | NY | 14605 | $72,750 | ENTREPRENEUR SUPPORT ORGANIZATION AND COACHING |
| MAMASANS MONROE LLC | |||||
| PO BOX 25862 | ROCHESTER | NY | 14625 | $40,000 | CONVERT VACANT BUILDING INTO A RESTAURANT |
| MOC EXPRESS LLC | |||||
| 39 LEWIS STREET | ROCHESTER | NY | 14605 | $600 | ENTREPRENEUR SUPPORT ORGANIZATION AND COACHING |
| MORGAN WILLIAMS YOUTH ADVOCATE PROGRAM INC | |||||
| 339 AVIS STREET | ROCHESTER | NY | 14615 | $500 | ENTREPRENEUR SUPPORT ORGANIZATION AND COACHING |
| PREDICTIVE INSIGHTS LLC | |||||
| 41720 CHIANTI CT | PALDALE | CA | 93551 | $50,000 | ENTREPRENEUR COACHING |
| R REALTY ROCHESTER LLC | |||||
| 1816 NORTH CLINTON AVE | ROCHESTER | NY | 14621 | $43,608 | BUILDING RENOVATION AT 86-88 LAKE AVE, ROCHESTER NY. |
| ROCHESTER COMMISSARY LLC | |||||
| 100 CHESTNUT ST STE 1910 | ROCHESTER | NY | 14604 | $72,750 | ENTREPRENEUR SUPPORT ORGANIZATION |
| ROCHESTER INSTITUTE OF TECHNOLOGY - CUE | |||||
| 40 FRANKLIN STREET | ROCHESTER | NY | 14604 | $25,500 | SOURCE LINK - DATABASE FOR ENTREPRENEURS |
| RUFUS BY THE CUB ROOM LLC | |||||
| 250 EAST MAIN STREET | ROCHESTER | NY | 14604 | $25,000 | CONSTRUCTION OF A 10,000 SF FOOD MARKETPLACE IN SIBLEY SQUARE |
| SHERRY PERRY TSHIBANGU DBA INNOVATIVE BUSINESS ADVISORS | |||||
| 28 SAMANTHAS WAY | PITTSFORD | NY | 14534 | $50,000 | ENTREPRENEUR COACHING |
| THE LONELY ENTREPRENEUR INC | |||||
| 336 LEXINGTON AVENUE | NEW YORK | NY | 10016 | $20,000 | COACHES FOR ENHANCEMENT PROGRAM |
| THE PEOPLE'S INSTITUTE FOR SURVIVAL AND BEYOND | |||||
| 601 N CARROLLTON AVEUNE | NEW ORLEANS | LA | 70119 | $13,500 | PROVIDING UNDOING RACISM WORKSHOPS |
| THURSTON BROOKS MERCHANTS ASSOCIATION | |||||
| 216 THURSTON ROAD | ROCHESTER | NY | 14619 | $9,911 | BEAUTIFY THURSTON BROOKS AREA WITH BANNERS |
| URBAN LEAGUE OF ROCHESTER NY INC | |||||
| 2654 NORTH CLINTON AVE | ROCHESTER | NY | 14605 | $37,250 | ENTREPRENEUR SUPPORT ORGANIZATION |
| VOLUNTEER LEGAL SERVICES PROJECT OF MONROE COUNTY INC | |||||
| ONE WEST MAIN STREET 5TH FLOOR | ROCHESTER | NY | 14614 | $74,750 | ENTREPRENEUR SUPPORT ORGANIZATION |
| WASHINGTON REGIONAL ASSOCIATION OF GRANTMAKERS | |||||
| 1100 NEW JERSEY AVE SE - SUITE 710 | WASHINGTON | DC | 20003 | $70,500 | ENTREPRENEUR SUPPORT ORGANIZATION |
| WORLD-WISE DESIGNS INC DBA G-FORCE COLLABORATIONS | |||||
| 2435 HIGHLAND AVE | ROCHESTER | NY | 14610 | $50,000 | ENTREPRENEUR COACHING |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 7A | ROCHESTER ECONOMIC DEVELOPMENT CORPORATION HAS 11 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 |
| FORM 990, PART IX, LINE 11G | MISCELLANEOUS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 91,005. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 91,005. CONTRACTED LABOR: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 323,851. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 323,851. |
| 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. |
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