Greater Rochester Enterprise Foundation Inc

Organization Overview

Greater Rochester Enterprise Foundation Inc is located in Rochester, NY. The organization was established in 2002. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Rochester Enterprise Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2023, Greater Rochester Enterprise Foundation Inc generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Greater Rochester Enterprise Foundation Inc has awarded 37 individual grants totaling $9,981,651. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

GENERATE CONTRIBUTIONS TO HELP SUPPORT THE ACTIVITIES OF GREATER ROCHESTER ENTERPRISE, INC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GENERATE CONTRIBUTIONS TO HELP SUPPORT THE COMPANY'S MISSION OF ASSISTING GREATER ROCHESTER ENTERPRISE, INC.


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Board, Officers & Key Employees

Name (title)Compensation
Kim Gaylord
Board Member
$0
Lori Green
Secretary
$0
Matthew Hurlbutt
President & CEO
$0
Thomas Parks
Board Member
$0
Peter Robinson
Board Member
$0
Joseph Wesley
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,867,970
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,867,970
Total Program Service Revenue$0
Investment income $6,733
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,874,703

Grants Awarded

Over the last fiscal year, Greater Rochester Enterprise Foundation Inc has awarded $1,115,623 in support to 5 organizations.

Grant RecipientAmount

GREATER ROCHESTER ENTERPRISE INC

PURPOSE: TO SUPPORT PROGRAM SERVICES.

$1,115,623
View Grant Profile

Peer Organizations

Organization NameAssets
Harristown Development Corporation
Harrisburg, PA
$18,623,535
Homestart Inc
Boston, MA
$16,639,054
The Community Action Agency Of Western Connecticut Inc
Danbury, CT
$13,618,038
South Bronx Overall Economic Development Corporation
Bronx, NY
$12,019,062
Greater Jamaica Development Corp
Jamaica, NY
$7,601,973
Massachusetts Manufacturing Extension Partnership Inc
Auburn, MA
$9,326,531
43north Bpc Inc
Buffalo, NY
$8,181,242
Economic Development Growth Enterprises Corporation
Rome, NY
$8,193,120
Rising Tide Community Loan Fund
Bethlehem, PA
$8,811,127
Dorchester Bay Economic Development Corporation
Dorchester, MA
$10,163,285
Pittsburgh Downtown Partnership
Pittsburgh, PA
$9,502,366
Newark Downtown District Management Corporation
Newark, NJ
$8,541,889
Buffalo & Erie County Industrial Land Development Corp
Buffalo, NY
$6,783,218
Rdc Commercial Center Inc
Brooklyn, NY
$4,484,188
Upper Manhattan Empowerment Zone Development Corporation
New York, NY
$5,950,446
Hester Street Collaborative Inc
New York, NY
$4,512,361
Grow America Fund Inc
New York, NY
$3,801,712
Gmdc Two Inc
Brooklyn, NY
$3,942,853
Enterprise Center
Philadelphia, PA
$6,353,979
Flatbush Development Corporation
Brooklyn, NY
$3,907,106
Metrohartford Alliance Inc
Hartford, CT
$5,912,005
North Central Pennsylvania Regional Planning And Development Commi
Ridgway, PA
$5,098,321
Union County Economic Development Corp
Cranford, NJ
$4,807,989
Ridc Ltc 48
Pittsburgh, PA
$2,513,926
Rochester Economic Development Corporation
Rochester, NY
$1,673,115

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