Rome Community Foundation
- Assets
- $6.7m
- Revenue
- $673.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Rome, NY
- Founding
- 01/2000
- Data as of
- 12/2022
- EIN
- 16-1574338
Organization Overview
Rome Community Foundation is located in Rome, NY. The organization was established in 2000. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rome Community Foundation 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 12/2022, Rome Community Foundation generated $673.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $372.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Rome Community Foundation has awarded 133 individual grants totaling $1,559,501. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FOUNDATION IS TO ASSIST IN PROVIDING MONETARY RESOURCES FOR THE PRESENT AND FUTURE ENRICHMENT OF THE ROME AREA COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONOR ADVISED FUNDS PROVIDE FUNDING FOR A WIDE VARIETY OF LOCAL NEEDS INCLUDING CAPITAL PROJECTS AT THE YWCA, ROME CHURCHES AND THE LIBRARY.
SCHOLARSHIPS. THE HERBERT DYETT GRANT FUND PROVIDES GRANTS TO GRADUATES OF ROME HIGH SCHOOLS WHO ARE ATTENDING INSTITUTIONS OF HIGHER LEARNING. THE JOHN DELLA CONTRADA SCHOLARSHIP FUND PROVIDES SCHOLARSHIP TO ROME CATHOLIC SCHOOL.
DISCRETIONARY FUNDS ARE PROVIDED IN RESPONSE TO LOCAL COMMUNITY REQUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Johnson Director | Trustee | 1 | $0 |
William Guglielmo Director | Trustee | 1 | $0 |
Deborah Twomey Director | Trustee | 1 | $0 |
Robert R Ritz Treasurer | OfficerTrustee | 1 | $0 |
Mark Hinman Director | Trustee | 1 | $0 |
Frank Diberardino III Director | Trustee | 1 | $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 | $261,846 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $261,846 |
| Total Program Service Revenue | $0 |
| Investment income | $189,512 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $221,773 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $673,131 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $195,220 |
| Grants and other assistance to domestic individuals. | $115,900 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,357 |
| Fees for services: Other | $275 |
| Advertising and promotion | $0 |
| Office expenses | $2,490 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $447 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,115 |
| All other expenses | $1,340 |
| Total functional expenses | $372,732 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,576 |
| Savings and temporary cash investments | $260,797 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,243,250 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,695,623 |
| Accounts payable and accrued expenses | $10,500 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,500 |
| Net assets without donor restrictions | $6,685,123 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,695,623 |
Grants Awarded
Over the last fiscal year, Rome Community Foundation has awarded $160,030 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CAPITOL CIVIC CENTER INC PURPOSE: HVAC UPDATE | $35,000 |
JERVIS PUBLIC LIBRARY PURPOSE: SHADES FOR COMPUTER LAB AND FURNITURE FOR ADMIN OFFICES. | $10,200 |
MERCY FLIGHT CENTER PURPOSE: OFFICE/CREW LIVING QUARTERS AT GRIFFISS. | $10,000 |
GRACE BAPTIST CHURCH PURPOSE: COMPLETION OF PARKING LOT PROJECT. | $10,000 |
ROME CEMETERY ASSOC PURPOSE: UPKEEP AND MAINTENANCE. | $10,000 |
ZION EPISCOPAL CHURCH PURPOSE: ROOF WORK AND RENOVATIONS TO THE RESTROOMS. | $17,000 |