2014-10-01T14:03:27-05:00 2013-12-31 420714325 MCGLADREY LLP 310 BROADWAY AVENUE S SUITE 300 ROCHESTER MN 55904 990 2013-01-01 416017740 ROCHESTER AREA FOUNDATION ROCH 5072820203 400 SOUTH BROADWAY NO 300 ROCHESTER MN 55904 JOANN STORMER PRESIDENT 5072820203 2014-08-27 1 DANIEL W EDWARDS P00043974 5072886476 2013 2015-11-30 17:44:51Z JOANN STORMER 400 SOUTH BROADWAY NO 300 ROCHESTER MN 55904 4117319 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 8 15 0 0 1749239 1340877 0 0 2444842 2652922 256784 123520 4450865 4117319 1960832 1128187 0 0 246026 414860 0 0 171302 278187 327068 2485045 1870115 1965820 2247204 26687629 29152594 1367792 1305254 25319837 27847340 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 1319860 1128187 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. 1319860 1 1 0 0 0 1 0 0 0 1 1 1 0 1 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 1 0 1 8 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 400 SOUTH BROADWAY SUITE 300 ROCHESTER MN 55904 JOHN BENIKE TRUSTEE 2.00 X 0 0 0 LEIGH JOHNSON TRUSTEE 2.00 X 0 0 0 JEAN LOCKE 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 VICE CHAIR 2.00 X X 0 0 0 MARK UTZ TRUSTEE 2.00 X 0 0 0 HUGH SMITH CHAIR 2.00 X X 0 0 0 TOM WENTE TREASURER 2.00 X 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 JOANN STORMER EXECUTIVE DIRECTOR 40.00 X 142736 0 21813 142736 0 21813 1 0 1 0 0 1340877 321844 1340877 262783 262783 2390139 0 2390139 2390139 2390139 CHANGE IN VALUE OF SPLIT INTEREST 523000 110403 110403 FOR EXEMPT PURPOSE 900099 13117 13117 123520 4117319 13117 0 2763325 1128187 1128187 124037 41404 51624 31009 290823 97064 60133 133626 77009 70342 6667 7214 2408 4806 101487 33873 67614 3330 3330 6679 6679 12567 4194 8373 INVESTMENT EXPENSE 43923 43923 REPAIRS AND MAINTENANCE 30502 10181 20321 OTHER 21471 21471 PRINTING AND POSTAGE 14051 14051 8835 2549 6286 1870115 1319860 378953 171302 237359 49115 100729 376232 40050 15000 133389 119132 26824 14257 24787057 26963579 1495610 1734411 26687629 29152594 36495 15175 51350 44200 1279947 1245879 1367792 1305254 X 21199036 23485006 2199157 2440690 1921644 1921644 25319837 27847340 26687629 29152594 2247204 358226 -77927 0 X X 0 1 X 1 0 X 1737630 2048023 1475877 1779558 1340877 8381965 1737630 2048023 1475877 1779558 1340877 8381965 8381965 557413 461293 478941 413627 262783 2174057 10556022 0.79400 0.73840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 108 840777 849898 10022797 1 1 1 31722 24550 15686 40586 15324011 535290 1867171 197999 656908 16871565 13548161 1108021 1374490 347863 358798 15324011 13633043 663241 -129202 464867 154054 13548161 13183090 366018 984325 552904 347486 13633043 11704240 151346 2174652 430672 416476 13183090 0.80380 0.11390 0.08230 0 0 133389 119132 14257 14257 INVESTMENTS IN MARKETABLE SECURITIES 26963579 F 26963579 INTEREST AND DIVIDENDS REC. 15381 DUE FROM FIRST HOMES PROPERTIES - AFFILIATE 925222 OTHER ASSETS 48348 BENEFICIAL INTEREST IN TRUSTS HELD BY OTHERS 667751 DUE FROM ROCHESTER COMMUNITY FINANCE - AFFILIATE 77709 1734411 UNITRUST OBLIGATIONS 632000 REFUNDABLE ADVANCES 537656 ANNUITIES PAYABLE 71723 DUE TO COMMUNITY FINANCE - AFFILIATE 4500 1245879 X 5119617 358226 687995 1046221 4073396 43923 43923 4117319 2290330 464138 464138 1826192 43923 43923 1870115 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, 2013 GENERALLY, THE FEDERAL AND MINNESOTA TAX RETURNS FOR THE FOUNDATION ARE OPEN FOR EXAMINATION BY TAXING AUTHORITIES FOR THE YEARS 2010 TO 2012. AT DECEMBER 31, 2013, THE FOUNDATION DID NOT RECORD ANY LIABILITIES FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: REPORTED BY AFFILIATES 687,995. PART XII, LINE 2D - OTHER ADJUSTMENTS: REPORTED BY AFFILIATES 464,138. 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) 25000 OPERATING SUPPORT AGAPE INTERNATIONAL MISSIONS 1830 VERNON ST 9 ROSEVILLE MN 95678 943100052 501(C)(3) 10000 OPERATING SUPPORT ALDRICH MEMORIAL NURSERY SCHOOL INC 855 ESSEX PKWY NW ROCHESTER MN 55901 410726082 501(C)(3) 11928 OPERATING SUPPORT AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE PO BOX 4124 NEW YORK NY 10163 131656634 501(C)(3) 10000 OPERATING SUPPORT ARIZONA STATE UNIVERSITY PO BOX 870205 TEMPE AZ 85287 866051042 501(C)(3) 5000 OPERATING SUPPORT BOYS & GIRLS CLUB 1026 E CENTER STREET ROCHESTER MN 55904 411945875 501(C)(3) 55000 CAPACITY BUILDING, CAPITAL CAMPAIGN, IMPACT COORDINATOR CASCADE MEADOWS WETLANDS & ENVIRONMENTAL SCIENCE CENTER 2900 19TH ST NW ROCHESTER MN 55901 262860038 501(C)(3) 18300 OPERATING SUPPORT CARE 151 ELLIS ST NE ATLANTA GA 30303 131685039 501(C)(3) 5000 OPERATING SUPPORT CHANNEL ONE INC 131 35TH ST SE ROCHESTER MN 55904 411379713 501(C)(3) 15000 OPERATING SUPPORT CHRIST COMMUNITY CHURCH 4400 55TH ST NW ROCHESTER MN 55901 411267496 501(C)(3) 20000 OPERATING SUPPORT CITY OF LANESBORO PO BOX 333 202 PACKWAY SO LANESBORO MN 55949 416005308 501(C)(3) 75000 OPERATING SUPPORT DIOCESE OF WINONA PO BOX 6075 ALBERT LEA MN 56007 411691198 501(C)(3) 10000 OPERATING SUPPORT DOROTHY DAY HOSPITALITY HOUSE 703 1ST ST SW ROCHESTER MN 55902 363348305 501(C)(3) 16000 OPERATING SUPPORT FAMILY MEANS 1875 NORTHWESTERN AVE S STILLWATER MN 55082 416045574 501(C)(3) 10000 OPERATING SUPPORT GIFT OF LIFE 705 SECOND ST SW ROCHESTER MN 55902 411495845 501(C)(3) 6800 OPERATING SUPPORT GREATER ROCHESTER ROTARY FOUNDATION 1925 WESTWOOD CT SW ROCHESTER MN 55902 411941426 501(C)(3) 10000 OPERATING SUPPORT HOSANNA LUTHERAN CHURCH 2815 57 ST SW ROCHESTER MN 55901 411620929 501(C)(3):CHURCH 10000 OPERATING SUPPORT INJURED MARINE SEMPER FI FUND 825 COLLEGE BLVD 102 OCEAN SIDE CA 92057 260086305 501(C)(3) 5000 OPERATING SUPPORT INTELLECTUAL TAKEOUT 207 N CHESTNUTST 200 CHASKA MN 55318 264057885 501(C)(3) 5000 OPERATING SUPPORT JOY 300 S BROADWAY ROCHESTER MN 55904 416017740 501(C)(3) 5000 OPERATING SUPPORT KASSON-MANTORVILLE SCHOOLS 101 16TH ST NE KASSON MN 55944 416008530 501(C)(3):SCHOOL 25000 OPERATING SUPPORT MINNESOTA LICENSED FAMILY CHILD CARE ASSOCIATION 1821 UNIVERSITY AVE W ST PAUL MN 55104 416152641 501(C)(3) 5000 OPERATING SUPPORT MINDSET FOUNDATION 400 S BROADWAY 300 ROCHESTER MN 55904 416017740 501(C)(3) 25195 OPERATING SUPPORT NATIONAL MULTIPLE SCLEROSIS SOCIETY 200 12TH AVE S MINNEAPOLIS MN 55415 410790658 501(C)(3) 5000 OPERATING SUPPORT NATIONAL OUTDOOR LEADERSHIP SCHOOL 284 LINCOLN ST LANDER WY 82520 830204184 501(C)(3) 30000 OPERATING SUPPORT RIVER VALLEY GIRL SCOUTS 4228 8TH ST SW ROCHESTER MN 55092 410693910 501(C)(3) 5000 OPERATING SUPPORT ROCHESTER AREA FAMILY Y 709 1ST AVE SW ROCHESTER MN 55902 410807581 501(C)(3) 37150 OPERATING SUPPORT ROCHESTER AREA FOUNDATION 400 S BROADWAY 300 ROCHESTER MN 55904 416017740 501(C)(3) 15000 OPERATING SUPPORT ROCHESTER ART CENTER 40 CIVIC CENTER DR SE ROCHESTER MN 55904 410830223 501(C)(3) 5000 OPERATING SUPPORT ROCHESTER ARTS COUNCIL 30 CIVIC CENTER DRIVE SE ROCHESTER MN 55904 204748879 501(C)(3) 5000 OPERATING SUPPORT ROCHESTER CENTRAL LUTHERAN SCHOOL 2619 9TH AVE NW ROCHESTER MN 55901 410830223 501(C)(3) 15000 OPERATING SUPPORT ROCHESTER COMMUNITY & TECHNICAL COLLEGE 850 30TH AVE SE ROCHESTER MN 55904 411535213 501(C)(3):SCHOOL 63000 SCHOLARSHIPS ROCHESTER HOCKEY ASSOCIATION 1570 FAIRGROUNDS AVE SE ROCHESTER MN 55904 416048570 501(C)(3) 6847 OPERATING SUPPORT ROCHESTER PARK & RECREATION DEPARTMENT 201 4TH ST SE ROCHESTER MN 55904 416005494 501(C)(3) 25289 OPERATING SUPPORT ROCHESTER PUBLIC LIBRARY 101 2ND ST S ROCHESTER MN 55904 416005494 501(C)(3) 5000 OPERATING SUPPORT ROCHESTER SYMPHONY ORCHESTRA & CHORALE 400 S BROADWAY 302 ROCHESTER MN 55904 411764434 501(C)(3) 15000 OPERATING SUPPORT RONALD MCDONALD HOUSE 850 2ND ST SW ROCHESTER MN 55902 411344744 501(C)(3) 5000 OPERATING SUPPORT SALVATION ARMY PO BOX 575 ROCHESTER MN 55903 410698597 501(C)(3) 10000 OPERATING SUPPORT SE MN CHAPTER AMERICAN GUILD OF ORGANISTS 2065 SUMMIT DRIVE NE ROCHESTER MN 55906 416083308 501(C)(3) 7893 SCHOLARSHIPS SISTERS OF ST FRANCIS 1001 14TH ST NW ROCHESTER MN 55901 410695522 501(C)(3) 7500 OPERATING SUPPORT SOUTH CENTRAL SERVICE COOPERATIVE CENTER FOR ACADEMIC EXCELLENCE 2075 LOOKOUT DRIVE NORTH MANKATO MN 56003 411297678 501(C)(3) 7500 OPERATING SUPPORT SOUTH DAKOTA STATE UNIVERSITY FOUNDATION 823 MEDARY AVE BOX 525 BROOKINGS SD 57007 460273801 501(C)(3) 8400 SCHOLARSHIPS SOUTHWESTERN COLLEGE 2625 E CACTUS ROAD PHOENIX AZ 85032 860186050 501(C)(3):SCHOOL 40000 OPERATING SUPPORT ST LUKE'S EPISCOPAL 1884 22ND ST NW ROCHESTER MN 55901 410876187 501(C)(3):CHURCH 25000 BUILDING/OPERATING SUPPORT ST OLAF COLLEGE 1520 ST OLAF AVE NORTHFIELD MN 55057 410693979 501(C)(3) 10000 OPERATING SUPPORT UNITED WAY OF OLMSTED COUNTY 903 WEST CENTER STREET ROCHESTER MN 55902 410695594 501(C)(3) 8000 OPERATING SUPPORT VALLEY OF ROCHESTER SCOTTISH RITE CHILDREN'S FOUNDATION 2002 2ND ST SW ROCHESTER MN 55902 205408116 501(C)(3) 10000 OPERATING SUPPORT OPERATING SUPPORT OPERATING SUPPORT X 0 0 0 0 0 0 0 0 0 JOANN STORMER EXECUTIVE DIRECTOR 142736 0 0 0 0 0 7500 0 14313 0 164549 0 0 0 TOM WENTE BOARD MEMBER, >5% OWNER OF PARTNERSHIP 46200 BOARD MEMBER IS A MINORITY SHAREHOLDER IN AN ACCOUNTING FIRM THAT RECEIVES COMPENSATION FOR BOOKKEEPING SERVICES PERFORMED FOR THE ORGANIZATION. 0 X 11 321844 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 STEPS IN EDUCATION 400 SOUTH BROADWAY ROCHESTER MN 55904 204190151 PROVIDE INFORMATION AND EDUCATION FOR CHILDREN ENTERING KINDERGARTEN MN 501(C)3 7 ROCHESTER AREA FOUNDATION 0 FIRST HOMES PROPERTIES 400 SOUTH BROADWAY ROCHESTER MN 55904 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 400 SOUTH BROADWAY ROCHESTER MN 55904 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 400 SOUTH BROADWAY ROCHESTER MN 55904 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 925222 LOAN BALANCE ROCHESTER COMMUNITY FINANCE D 2090784 LOAN BALANCE