2016-06-28T13:35:16-05:00 2015-12-31 420714325 RSM US LLP 310 BROADWAY AVENUE S SUITE 300 ROCHESTER MN 55904 990 2015-01-01 416017740 ROCHESTER AREA FOUNDATION ROCH 5072820203 12 ELTON HILLS DRIVE NW ROCHESTER MN 55901 JOANN STORMER EXECUTIVE DIRECTOR 5072820203 2016-06-22 1 DANIEL W EDWARDS P00043974 5072886476 2015 2016-09-27 15:27:22Z X JOANN STORMER 12 ELTON HILLS DRIVE NW ROCHESTER MN 55901 5036323 0 X HTTP://WWW.ROCHESTERAREA.ORG/ X 1944 MN THE MISSION OF THE ROCHESTER AREA FOUNDATION IS TO STRENGTHEN COMMUNITY PHILANTHROPY BY PROMOTING RESPONSIBLE AND INFORMED GIVING AND TO ASSIST DONORS IN MEETING THEIR CHARITABLE OBJECTIVES. THE FOUNDATION IS DEDICATED TO USING ITS RESOURCES TO IMPROVE THE QUALITY OF LIFE, PROMOTE GREATER EQUALITY OF OPPORTUNITIES, AND TO DEVELOP EFFECTIVE METHODS TO ASSIST THOSE IN NEED IN THE GREATER ROCHESTER AREA. 16 15 10 15 0 0 2401041 2688796 0 0 1056952 1296940 33265 -17564 3491258 3968172 2385355 2754418 0 0 408860 446101 0 0 130770 282163 310791 3076378 3511310 414880 456862 29674862 28484358 1303064 1536749 28371798 26947609 X THE MISSION OF THE ROCHESTER AREA FOUNDATION IS TO STRENGTHEN COMMUNITY PHILANTHROPY BY PROMOTING RESPONSIBLE AND INFORMED GIVING AND TO ASSIST DONORS IN MEETING THEIR CHARITABLE OBJECTIVES. THE FOUNDATION IS DEDICATED TO USING ITS RESOURCES TO IMPROVE THE QUALITY OF LIFE, PROMOTE GREATER EQUALITY OF OPPORTUNITIES, AND TO DEVELOP EFFECTIVE METHODS TO ASSIST THOSE IN NEED IN THE GREATER ROCHESTER AREA. 0 0 2928332 2754418 ROCHESTER AREA FOUNDATION, DEDICATED TO COMMUNITY VITALITY SINCE 1944, AWARDS GRANTS PRIMARILY TO NONPROFIT ORGANIZATIONS SERVING THE GREATER ROCHESTER AREA. GRANTS WERE MADE TO SUPPORT EARLY CARE AND EDUCATION OF CHILDREN AGE 0-5; GANG INTERVENTION PLANNING, MINORITY TEACHER RECRUITMENT, FINANCIAL LITERACY COUNSELING, AND STARTER HOMES FOR WORKING FAMILIES. 2928332 1 1 0 0 0 1 0 0 0 1 1 1 0 0 1 1 1 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 16 0 1 10 1 0 1 CJ 0 0 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X JOANN STORMER 5072820203 12 ELTON HILLS DRIVE NW ROCHESTER MN 55901 MARY EHMKE TRUSTEE 2.00 X 0 0 0 ANGIE BOWMAN TRUSTEE 2.00 X 0 0 0 KAREL WEIGEL TRUSTEE 2.00 X 0 0 0 BARBARA PORTER SECRETARY 2.00 X X 0 0 0 JOSE RIVAS TRUSTEE 2.00 X 0 0 0 WENDY SHANNON CHAIR 2.00 X X 0 0 0 MARK UTZ VICE-CHAIR 2.00 X X 0 0 0 HUGH SMITH TRUSTEE 2.00 X 0 0 0 PAUL GORMAN TRUSTEE 2.00 X 0 0 0 DENISE KELLY TRUSTEE 2.00 X 0 0 0 GREG LAYTON TRUSTEE 2.00 X 0 0 0 WALT LING TRUSTEE 2.00 X 0 0 0 VIVIEN WILLIAMS TRUSTEE 2.00 X 0 0 0 DON SUPALLA TRUSTEE 2.00 X 0 0 0 BRAD SCHMIDT TREASURER 2.00 X X 0 0 0 JOANN STORMER EXECUTIVE DIRECTOR 40.00 X 144573 0 27621 144573 0 27621 1 0 1 0 0 2688796 751815 2688796 203996 203996 2161095 1068151 1092944 1092944 1092944 MISC FOR EXEMPT PURPOSE 900099 20466 20466 CHANGE IN VALUE OF SPLIT INTEREST 523000 -38030 -38030 -17564 3968172 20466 0 1258910 2754418 2754418 123378 38938 72102 12338 322723 101863 106328 114532 45182 45182 61676 57776 3900 10330 3260 7070 35041 11060 23981 5651 5651 14995 14995 13478 4254 9224 OTHER 58247 58247 REPAIRS AND MAINTENANCE 39247 12387 26860 PRINTING AND POSTAGE 13287 13287 DUES AND SUBSCRIPTIONS 6839 6839 6818 2152 4666 3511310 2928332 452208 130770 332902 671320 703372 291684 245500 542112 0 0 949116 73213 4153 875903 26605384 25330984 1783551 772355 29674862 28484358 23085 76726 48795 72976 1231184 1387047 1303064 1536749 X 24052828 22461248 2397326 2564717 1921644 1921644 28371798 26947609 29674862 28484358 456862 -1881051 0 X X 0 1 X 1 0 X 1475877 1779558 1340877 2401041 2688796 9686149 1475877 1779558 1340877 2401041 2688796 9686149 9686149 478941 413627 262783 528378 203996 1887725 11573874 0.83690 0.80830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 139 1175709 1386510 10009319 1 1 1 32789 22996 1354 54431 16918656 838735 -322431 692082 692082 16050796 16871565 535458 725447 606907 606907 16918656 15324011 535290 1867171 197999 656908 16871565 13548161 1108021 1374490 347863 358798 15324011 13633043 663241 -129202 464867 154054 13548161 0.78150 0.11970 0.09880 0 0 949116 73213 875903 875903 INVESTMENTS IN MARKETABLE SECURITIES 25330984 F 25330984 UNITRUST OBLIGATIONS 555000 REFUNDABLE ADVANCES 540483 ANNUITIES PAYABLE 87520 DUE TO COMMUNITY FINANCE - AFFILIATE 2250 LINE OF CREDIT 201794 1387047 X 2057333 -1881051 15394 -1865657 3922990 45182 45182 3968172 3481522 15394 15394 3466128 45182 45182 3511310 PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION BELIEVES THAT NO SIGNIFICANT UNCERTAIN TAX POSITIONS HAVE BEEN TAKEN IN ITS TAX RETURNS. AT DECEMBER 31, 2015 GENERALLY, THE FEDERAL AND MINNESOTA TAX RETURNS FOR THE FOUNDATION ARE OPEN FOR EXAMINATION BY TAXING AUTHORITIES FOR THE YEARS 2012 TO 2014. AT DECEMBER 31, 2015, THE FOUNDATION DID NOT RECORD ANY LIABILITIES FOR UNCERTAIN TAX POSITIONS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 1000000 0 0 0 0 0 0 1000000 0 1000000 0 0 0 0 0 0 0 ABILITY BUILDING CENTER 1911 14TH STREET NW ROCHESTER MN 55901 410829178 501(C)(3) 18500 OPERATING SUPPORT AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE PO BOX 4124 NEW YORK NY 10163 131656634 501(C)(3) 10000 OPERATING SUPPORT BALTIMORE SCHOOL FOR THE PERFORMING ARTS 712 CAHTEDRAL STREET BALTIMORE MD 21201 521174284 501(C)(3) 10000 OPERATING SUPPORT BOYS & GIRLS CLUB 1026 EAST CENTER STREET ROCHESTER MN 55904 411945875 501(C)(3) 41800 OPERATING SUPPORT CAMP VICTORY 58212 403RD AVENUE ZUMBRO FALLS MN 55991 311710184 501(C)(3) 65500 OPERATING SUPPORT CENTER CITY HOUSING 3265 19TH STREET NW 150 ROCHESTER MN 55901 363485584 501(C)(3) 20927 OPERATING SUPPORT CHANNEL ONE 131 35TH STREET SE ROCHESTER MN 55904 411379713 501(C)(3) 28965 OPERATING SUPPORT CHOSEN VALLEY COMMUNITY FOUNDATION PO BOX 517 CHATFIELD MN 55923 411986997 501(C)(3) 7500 OPERATING SUPPORT CHRIST COMMUNITY CHURCH 4400 55TH STREET NW ROCHESTER MN 55901 411267496 501(C)(3) 20000 OPERATING SUPPORT CHRIST UNITED METHODIST CHURCH 400 5TH AVENUE SW ROCHESTER MN 55902 410693980 501(C)(3) 10000 OPERATING SUPPORT COVENANT HOUSE 460 WEST 41ST STREET NEW YORK NY 10036 132725416 501(C)(3) 11586 OPERATING SUPPORT DODGE CENTER FOUNDATION 702 2ND AVENUE SE DODGE CENTER MN 55927 453201034 501(C)(3) 100000 OPERATING SUPPORT FRIENDS OF QUARRY HILL 701 SILVER CREEK RD NE ROCHESTER MN 55906 363416399 501(C)(3) 20000 OPERATING SUPPORT GAMEHAVEN COUNCIL 1124 11 1/2 STREET SE ROCHESTER MN 55904 410698309 501(C)(3) 7500 OPERATING SUPPORT GLORIA DEI LUTHERAN 1212 12TH AVENUE NW ROCHESTER MN 55901 416008833 501(C)(3) 10000 OPERATING SUPPORT HIGHLANDS COMMUNITY CHURCH OF SCOTTSDALE 9050 EAST PINNACLE PEAK ROAD SCOTTSDALE AZ 85255 860897323 501(C)(3) 6000 OPERATING SUPPORT HOSANNA LUTHERAN CHURCH 2815 57TH STREET NW ROCHESTER MN 55901 411620929 501(C)(3) 10000 OPERATING SUPPORT KSMQ 2000 8TH AVENUE NW AUSTIN MN 55912 680599645 501(C)(3) 6000 OPERATING SUPPORT ORTHOPEDIC TRAUMA SOCIETY 9400 W HIGGINS ROAD ROSEMONY IL 60018 680074461 501(C)(3) 7000 OPERATING SUPPORT PHOENIX RESCUE MISSION PO BOX 6708 PHOENIX AZ 85005 866057771 501(C)(3) 10000 OPERATING SUPPORT POSSABILITIES FOUNDATION 1808 3RD AVENUE SE ROCHESTER MN 55904 410853397 501(C)(3) 113480 OPERATING SUPPORT RCTC FOUNDATION 851 30TH AVENUE SE ROCHESTER MN 55904 411535213 501(C)(3) 66000 OPERATING SUPPORT ROCHESTER ARTS & CULTURE TRUST 30 CIVIC CENTER DRIVE SE SUITE 200 ROCHESTER MN 55904 204748879 501(C)(3) 10000 OPERATING SUPPORT ROCHESTER PUBLIC LIBRARY 101 2ND STREET SE ROCHESTER MN 55904 416005494 501(C)(3) 10000 OPERATING SUPPORT ROCHESTER PUBLIC SCHOOLS 615 7TH STREET SW ROCHESTER MN 55902 416002803 501(C)(3) 15000 OPERATING SUPPORT ROCHESTER SYMPHONY ORCHESTRA 400 SOUTH BROADWAY SUITE 302 ROCHESTER MN 55904 411764434 501(C)(3) 10000 OPERATING SUPPORT RONALD MCDONALD HOUSE 850 2ND STREET SW ROCHESTER MN 55902 411344744 501(C)(3) 16500 OPERATING SUPPORT SALVATION ARMY NORTHERN DIVISION 4921 FRONTAGE ROAD ROCHESTER MN 55901 410698597 501(C)(3) 11586 OPERATING SUPPORT SALVATION ARMY OF OLMSTED COUNTY 20 FIRST AVENUE NE ROCHESTER MN 55906 410698597 501(C)(3) 8500 OPERATING SUPPORT SE MN CHAPTER AMERICAN ORGANISTS 2065 SUMMIT DRIVE NE ROCHESTER MN 55906 416083308 501(C)(3) 5250 OPERATING SUPPORT SEASON'S HOSPICE 1696 GREENVIEW PLACE SW ROCHESTER MN 55902 411812914 501(C)(3) 11586 OPERATING SUPPORT SECULAR FRANCISCAN ORDER 19519 COUNTY ROAD 39 ST CHARLES MN 55972 501(C)(3) 6500 OPERATING SUPPORT CITY OF ROCHESTERSOLDIERS FIELD MEMORIAL 201 4TH STREET SE ROCHESTER MN 55904 501(C)(3) 15446 OPERATING SUPPORT SOUTH CENTRAL SERVICE COOPERATIVE 2075 LOOKOUT DRIVE NORTH MANKATO MN 56003 411297678 501(C)(3) 8600 OPERATING SUPPORT ST ALBERTS EDUCATIONAL FOUNDATION 400 GLEASON AVENUE COUNCIL BLUFFS IA 51503 743214101 501(C)(3) 57351 OPERATING SUPPORT ST FRANCIS OF ASSISI CATHOLIC CHURCH 1114 THIRD STREET NE ROCHESTER MN 55906 410694749 501(C)(3) 28965 OPERATING SUPPORT ST JOHN THE EVANGELIST CATHOLIC CHURCH 11 4TH AVENUE SW ROCHESTER MN 55902 410733599 501(C)(3) 11586 OPERATING SUPPORT ST LUKE'S EPISCOPAL CHURCH 1884 NW 22ND STREET ROCHESTER MN 55901 410876187 501(C)(3) 30000 OPERATING SUPPORT THE CONGREGATIONAL CHURCH UCC 974 SKYLINE DRIVE SW ROCHESTER MN 55902 501(C)(3) 6000 OPERATING SUPPORT TOWN CENTER PO BOX 6 TRIMONT MN 56176 273061255 501(C)(3) 7500 OPERATING SUPPORT UNITED WAY OF OLMSTED COUNTY 903 WEST CENTER ST SUITE 100 ROCHESTER MN 55902 410695594 501(C)(3) 30200 OPERATING SUPPORT UNIVERSITY OF MINNESOTA PO BOX 860266 MINNEAPOLIS MN 55486 416042488 501(C)(3) 45000 OPERATING SUPPORT UNIVERSITY OF MINNESOTA-ROCHESTER 111 FIRST STREET SE ROCHESTER MN 55904 501(C)(3) 15373 OPERATING SUPPORT VALLEY OF ROCHESTER SCOTTISH RITS CHILDREN'S 2002 2ND STREET SW ROCHESTER MN 55902 205408116 501(C)(3) 9560 OPERATING SUPPORT X 0 0 0 0 0 0 0 0 0 JOANN STORMER EXECUTIVE DIRECTOR 144573 0 0 0 0 0 7957 0 19664 0 172194 0 0 0 TOM WENTE CURRENT BOARD MEMBER OF RELATED ENTITY, >5% OWNER OF CORPORATION 24000 BOARD MEMBER OF A RELATED ENTITY (ROCHESTER COMMUNITY FINANCE) IS A MINORITY SHAREHOLDER IN AN ACCOUNTING FIRM THAT RECEIVES COMPENSATION FOR BOOKKEEPING SERVICES PERFORMED FOR THE ORGANIZATION. 0 X 18 751815 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS PRESENTED TO AND DISCUSSED BY THE BOARD BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES ARE ANNUALLY REQUIRED TO FILL OUT AND SIGN DISCLOSURE FORM. THEY MUST ALSO VERBALLY INDICATE WHETHER A CONFLICT EXISTS AND ABSTAIN FROM VOTING AT BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE EXECUTIVE DIRECTOR OF THE ROCHESTER AREA FOUNDATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS USING COMPARABILITY DATA FROM THE COUNCIL OF FOUNDATIONS. THE COMPENSATION OF THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE EXECUTIVE DIRECTOR OF THE ROCHESTER AREA FOUNDATION USING COMPARABILITY DATA FROM THE COUNCIL OF FOUNDATIONS AND INCREASES ARE BASED ON MERIT. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND/OR FINANCIAL STATEMENTS MAY BE OBTAINED BY THE PUBLIC ON THE ORGANIZATION'S WEBSITE OR UPON REQUEST. FORM 990, PART XI, LINE 2C: THE FINANCE COMMITTEE HAS THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FIRST HOMES PROPERTIES 12 ELTON HILLS DRIVE NW ROCHESTER MN 55901 412004557 TO PROVIDE OPPORTUNITIES FOR LOW AND MODERATE INCOME HOUSEHOLDS IN SE MN MN 501(C)3 11A TYPE I ROCHESTER AREA FOUNDATION 0 RAF PROPERTIES 12 ELTON HILLS DRIVE NW ROCHESTER MN 55901 411891463 TO RECEIVE, HOLD & DISBURSE ANY REAL PROPERTY FOR ROCHESTER AREA FOUNDATION MN 501(C)3 11A TYPE I ROCHESTER AREA FOUNDATION 0 ROCHESTER COMMUNITY FINANCE 12 ELTON HILLS DRIVE NW ROCHESTER MN 55901 274641831 PROVIDE INCREASED ACCESS TO CAPITAL FOR LOW INCOME FAMILIES/COMMUNITIES MN 501(C)3 11A TYPE I ROCHESTER AREA FOUNDATION 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 FIRST HOMES PROPERTIES D 25196 LOAN BALANCE ROCHESTER COMMUNITY FINANCE D 2021891 LOAN BALANCE