2012-08-03T09:00:05-05:00 2011-12-31 420714325 MCGLADREY LLP 310 BROADWAY AVENUE S SUITE 300 ROCHESTER MN 55904 990 2011-01-01 416017740 ROCHESTER AREA FOUNDATION ROCH 5072820203 400 SOUTH BROADWAY NO 300 ROCHESTER MN 55904 JOANN STORMER 5072820203 2012-07-23 1 DANIEL W EDWARDS P00043974 5072886476 2011 2016-02-24 21:20:13Z JOANN STORMER 400 SOUTH BROADWAY NO 300 ROCHESTER MN 55904 3055783 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. 14 12 7 14 0 0 2016395 1388460 0 0 2403580 1559414 55942 107909 4475917 3055783 2021425 1590318 0 0 206587 201039 0 0 115237 217770 273123 2445782 2064480 2030135 991303 25822058 25181232 1372304 1478731 24449754 23702501 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 1683531 1590318 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. 1683531 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 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 1 0 0 7 1 0 1 CJ 0 0 0 0 0 0 0 0 0 0 0 X 14 12 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 2.00 X X 0 0 0 NANCY DOMAILLE 2.00 X 0 0 0 LEIGH JOHNSON 2.00 X 0 0 0 JEAN LOCKE 2.00 X X 0 0 0 DAN PENZ 2.00 X 0 0 0 BARBARA PORTER 2.00 X 0 0 0 JOE POWERS 2.00 X 0 0 0 JOSE RIVAS 2.00 X 0 0 0 WENDY SHANNON 2.00 X 0 0 0 MARK UTZ 2.00 X 0 0 0 DR HUGH SMITH 2.00 X X 0 0 0 TOM WENTE 2.00 X X 0 0 0 STEPHEN THORNTON 40.00 X 104520 0 10185 SEAN ALLEN 40.00 X 93590 0 9741 198110 0 19926 1 0 0 0 0 1388460 49242 1388460 478941 478941 1080473 1080473 1080473 1080473 CHANGE IN VALUE OF SPL 523000 97349 97349 FOR EXEMPT PURPOSE 900099 10560 10560 107909 3055783 10560 0 1656763 1590318 1590318 47030 16376 4881 25773 154009 53618 51887 48504 86299 45339 40960 3197 1113 2084 30016 10450 19566 4258 4258 8903 8903 13011 4530 8481 INVESTMENT EXPENSE 65804 65804 PRINTING AND POSTAGE 25080 25080 OTHER 15520 15520 REPAIRS AND MAINTENANCE 14486 5043 9443 6549 2083 4466 2064480 1683531 265712 115237 241400 235392 892019 1027637 78125 62625 121373 94164 40220 27209 23688896 22683810 881398 1144559 25822058 25181232 18580 28682 69320 91200 1284404 1358849 1372304 1478731 X 20155255 19595744 2372855 2185113 1921644 1921644 24449754 23702501 25822058 25181232 X 991303 -1738556 X X 0 1 1 X 0 X 3446491 1447426 1737630 2048023 1475877 10155447 3446491 1447426 1737630 2048023 1475877 10155447 10155447 2019580 1095768 557413 461293 478941 4612995 14768442 0.68760 0.71060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 110 520013 914542 8985687 1 1 1 15294 48227 108 63413 13633043 663241 -129202 464867 154054 13548161 13183090 366018 984325 552904 347486 13633043 11704240 151346 2174652 430672 416476 13183090 16720099 876382 -4797245 813087 281909 11704240 0.78310 0.14180 0.07500 0 0 121373 94164 27209 27209 INVESTMENTS IN MARKETABLE SECURITIES 22683810 F 22683810 UNITRUST OBLIGATIONS 603000 REFUNDABLE ADVANCES 497619 ANNUITIES PAYABLE 91866 DUE TO FIRST STEPS - AFFILIATE 166364 1358849 3055783 2064480 991303 -1738556 -1738556 -747253 2036775 -1738556 30216 755136 -953204 2989979 65804 65804 3055783 3035858 30216 1006966 1037182 1998676 65804 65804 2064480 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2011 GENERALLY, THE FEDERAL AND MINNESOTA TAX RETURNS FOR THE FOUNDATION ARE OPEN FOR EXAMINATION BY TAXING AUTHORITIES FOR THE YEARS 2008 TO 2010. AT DECEMBER 31, 2011, THE FOUNDATION DID NOT RECORD ANY LIABILITIES FOR UNCERTAIN TAX POSITIONS. PART XII, LINE 2D - OTHER ADJUSTMENTS: REPORTED BY AFFILIATES 755,136. PART XIII, LINE 2D - OTHER ADJUSTMENTS: REPORTED BY AFFILIATES 1,006,966. 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) 161700 OPERATING SUPPORT ACCESSIBLE SPACE INC 2550 UNIVERSITY AVENUE WEST ST PAUL MN 55114 411330242 501(C)(3) 9500 OPERATING SUPPORT AIR SAFETY FOUNDATION 421 AVIATION WAY FREDERICK MD 21701 526042953 501(C)(3) 5000 OPERATING SUPPORT AMERICAN RED CROSS 310 14TH ST SE ROCHESTER MN 55904 410693841 501(C)(3) 5000 FLOOD ASSISTANCE ARC SOUTHEASTERN MINNESOTA 6301 BANDEL ROAD NW SUITE 605 ROCHESTER MN 55901 416042617 501(C)(3) 10000 OPERATING SUPPORT BOYS & GIRLS CLUB 1026 E CENTER STREET ROCHESTER MN 55904 411945875 501(C)(3) 20000 CAPACITY BUILDING, CAPITAL CAMPAIGN, IMPACT COORDINATOR CALVARY EPISCOPAL CHURCH 500 S MAIN AVE SIOUX FALLS SD 57104 460452261 501(C)(3) 5000 OPERATING SUPPORT CAMP VICTORY MINISTRIES 58212 403RD AVENUE ZUMBRO FALLS MN 55991 311710184 501(C)(3) 24000 OPERATING SUPPORT CATHOLIC CHARITIES OF THE DIOCESE OF WINONA 111 MARKET ST PO BOX 379 WINONA MN 55987 410721636 501(C)(3) 5000 OPERATING SUPPORT CHANNEL ONE INC 131 35TH ST SE ROCHESTER MN 55904 411379713 501(C)(3) 29000 OPERATING SUPPORT CHOSEN VALLEY COMMUNITY FOUNDATION ROOT RIVER STATE BANK BOX 517 CHATFIELD MN 55923 411986997 501(C)(3) 25000 OPERATING SUPPORT CHRIST UNITED METHODIST 7500 OPERATING SUPPORT COMMEMORATIVE AIR FORCE 310 AIRPORT RD HANGAR 3 ST PAUL MN 55075 263043713 501(C)(3) 5000 OPERATING SUPPORT DIVERSITY COUNCIL 1130-1/2 7TH ST NW SUITE 204 ROCHESTER MN 55901 411709139 501(C)(3) 5000 OPERATING SUPPORT FRIENDS GENERAL CONFERENCE 1216 ARCH ST STE 2B PHILADELPHIA PA 19107 231352148 501(C)(3) 5000 OPERATING SUPPORT GIFT OF LIFE 705 SECOND ST SW ROCHESTER MN 55902 411495845 501(C)(3) 7000 OPERATING SUPPORT HABITAT FOR HUMANITY 1530 GREENVIEW DRIVE ROCHESTER MN 55902 411664586 501(C)(3) 5000 OPERATING SUPPORT HANDS FOR HUMANITY 2053 SILVER CREEK CT NE ROCHESTER MN 55906 611425444 501(C)(3) 5000 OPERATING SUPPORT HOSANNA LUTHERAN CHURCH 10000 OPERATING SUPPORT IN FAITH 6000 OPERATING SUPPORT INTERCULTURAL MUTUAL ASSISTANCE ASSOCIATION 2500 VALLEYHIGH DR NW ROCHESTER MN 55904 411497753 501(C)(3) 9000 OPERATING SUPPORT IRONWOOD SPRINGS CHRISTIAN RANCH INC 7291 COUNTY ROAD 6 STEWARTVILLE MN 55976 411281157 501(C)(3) 12626 OPERATING SUPPORT LOURDES HIGH SCHOOL 621 W CENTER ST ROCHESTER MN 55902 410830752 501(C)(3) 5000 OPERATING SUPPORT MADONNA TOWERS FOUNDATION 1995 E RUM RIVER DRIVE S CAMBRIDGE MN 55008 411809914 501(C)(3) 110000 OPERATING SUPPORT MAYO CLINIC 200 FIRST ST SW ROCHESTER MN 55905 411937751 501(C)(3) 130000 RESEARCH, RACE ORTHOPAIDIC RESEARCH AND EDUCATION FOUNDATION 6300 N RIVER RD STE 700 ROSEMONT IL 60018 366009467 501(C)(3) 5000 OPERATING SUPPORT PARTNERSHIP FOR YOUTH 501(C)(3) 5000 OPERATING SUPPORT ROCHESTER AREA FOUNDATION 400 SOUTH BROADWAY ROCHESTER MN 55904 416017740 501(C)(3) 6000 OPERATING SUPPORT ROCHESTER CIVIC THEATRE 20 CIVIC CENTER DR SE ROCHESTER MN 55904 410829271 501(C)(3) 10000 OPERATING SUPPORT ROCHESTER COMMUNITY & TECHNICAL COLLEGE 850 30TH AVE SE ROCHESTER MN 55904 411535213 501(C)(3):SCHOOL 57000 SCHOLARSHIPS ROCHESTER MONTESSORI SCHOOL 5099 7TH ST NW ROCHESTER MN 55901 410948042 501(C)(3) 5000 OPERATING SUPPORT ROCHESTER PARK & RECREATION 2 ST 13 AVE NW ROCHESTER MN 55901 416005494 501(C)(3):CITY 15373 SOLDIERS FIELD ROCHESTER PUBLIC SCHOOL FOUNDATION 201 8TH ST NW ROCHESTER MN 55901 411628288 501(C)(3) 15000 OPERATING SUPPORT RONALD MCDONALD HOUSE 850 2ND ST SW ROCHESTER MN 55902 411344744 501(C)(3) 7000 OPERATING SUPPORT SALVATION ARMY PO BOX 575 ROCHESTER MN 55903 410698597 501(C)(3) 11500 FLOOD ASSISTANCE SE MN CHAPTER AMERICAN GUILD OF ORGANISTS 2065 SUMMIT DRIVE NE ROCHESTER MN 55906 416083308 501(C)(3) 7560 SCHOLARSHIPS SOUTH CENTRAL SERVICE COOPERATIVE CENTER FOR ACADEMIC EXCELLENCE 2075 LOOKOUT DRIVE NORTH MANKATO MN 56003 411297678 501(C)(3) 8000 OPERATING SUPPORT SOUTH DAKOTA STATE UNIVERSITY FOUNDATION 823 MEDARY AVE BOX 525 BROOKINGS SD 57007 460273801 501(C)(3) 10000 SCHOLARSHIPS SOUTHWESTERN COLLEGE 2625 E CACTUS ROAD PHOENIX AZ 85032 860186050 501(C)(3):SCHOOL 30000 OPERATING SUPPORT ST LUKE'S EPISCOPAL 1884 22ND ST NW ROCHESTER MN 55901 410876187 501(C)(3):CHURCH 25000 BUILDING/OPERATING SUPPORT THE HORMEL FOUNDATION 329 N MAIN ST STE 120L AUSTIN MN 55912 410694716 501(C)(3) 5000 OPERATING SUPPORT PHOENIX RESCUE MISSION 1801 SOUTH 35TH AVENUE PHOENIX AZ 85009 866057771 501(C)(3) 12500 OPERATING SUPPORT UNITED WAY OF OLMSTED COUNTY 903 WEST CENTER STREET ROCHESTER MN 55902 410695594 501(C)(3) 8000 FLOOD ASSISTANCE VALLEY OF ROCHESTER SCOTTISH RITECHILDREN'S FOUNDATION 2621 OAK HILLS DR SW ROCHESTER MN 55902 205408116 501(C)(3) 10000 OPERATING SUPPORT YOUNG EAGLES FOUNDATION 501(C)(3) 5000 OPERATING SUPPORT TOM WENTE BOARD MEMBER, >5% OWNER OF PARTNERSHIP 45600 BOARD MEMBER IS A MINORITY SHAREHOLDER IN AN ACCOUNTING FIRM THAT RECEIVES COMPENSATION FOR BOOKKEEPING SERVICES PERFORMED FOR THE ORGANIZATION. 0 X 7 49242 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -1,738,556. 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 1 1 1 1 0 0 FIRST HOMES PROPERTIES D 2175913 LOAN BALANCE FIRST STEPS D 190167 LOAN BALANCE ROCHESTER COMMUNITY FINANCE D 2325501 LOAN BALANCE