Rochester Regional Health Foundation
- Assets
- $93.1m
- Revenue
- $25.0m
- Investments
- $49.1m
- Employees
- 46
- Location
- Rochester, NY
- Founding
- 01/1979
- Data as of
- 12/2021
- EIN
- 22-2229425
Organization Overview
Rochester Regional Health Foundation is located in Rochester, NY. The organization was established in 1979. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Rochester Regional Health Foundation employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rochester Regional Health 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 12/2021, Rochester Regional Health Foundation generated $25.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $15.0m during the year ending 12/2021. While expenses have increased by 15.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Rochester Regional Health Foundation has awarded 30 individual grants totaling $50,189,464. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CONDUCT ACTIVITIES THAT RAISE FUNDS AND TO INVEST SUCH FUNDS FOR THE BENEFIT OF ROCHESTER REGIONAL HEALTH AND ITS AFFILIATED ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OTHE ROCHESTER REGIONAL HEALTH FOUNDATION CONDUCTS A BROAD RANGE OF FUNDRAISING EFFORTS TO DRIVE ANNUAL GIVING, SPECIAL EVENT SUPPORT, MAJOR GIFTS AND PLANNED GIFTS. IN 2021, THE FOUNDATION CONDUCTED MULTIPLE SPECIAL EVENTS. EACH EVENT WAS DESIGNED WITH THE PURPOSE OF RAISING MONEY, THANKING DONORS OR CULTIVATING NEW MAJOR DONORS. THE ROCHESTER REGIONAL HEALTH (RRH) GALA WAS ATTENDED BY APPROXIMATELY 900 PEOPLE AND RAISED OVER $359,000. THESE EVENTS WERE OPPORTUNITIES TO THANK DONORS FOR THEIR SUPPORT OF RRH AND TO ENGAGE PROSPECTIVE MAJOR DONORS TO MAKE FUTURE GIFTS TO THE CAPITAL CAMPAIGN. THE CORNERSTONE SOCIETY MEMBER RECEPTION AND LEGACY SOCIETY LUNCHEON THANKED PAST FRIENDS AND DONORS FOR THEIR GENERAL SUPPORT WHILE ALSO ENLIGHTENING THEM ON THE FUTURE NEEDS OF THE SYSTEM AND NEW WAYS TO LEND PHILANTHROPIC SUPPORT. RRH LEADERS AND PROMINENT COMMUNITY SUPPORTERS SHARED NEEDS AND ASPIRATIONS FOR RRH AND THE REGION AT LARGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Mccormick-Sullivan President, Foundations | Officer | 55 | $231,371 |
Dawn Stever VP Foundation Operations | 40 | $172,987 | |
Sarah Axelrod VP Development | 40 | $161,805 | |
Rema Yaskulski Sr. Development Officer | 40 | $160,518 | |
Calista Amering VP Donor And Communications | 40 | $145,621 | |
Daniel Watson Managing Director, Foundation | 40 | $144,588 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $27,810 |
| Membership dues | $0 |
| Fundraising events | $269,225 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,841,490 |
| Noncash contributions included in lines 1a–1f | $72,417 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,138,525 |
| Total Program Service Revenue | $0 |
| Investment income | $1,518,747 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,418,061 |
| Net Income from Fundraising Events | -$113,297 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,028,358 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,587,840 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $331,112 |
| Compensation of current officers, directors, key employees. | $42,775 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,039,258 |
| Pension plan accruals and contributions | $291,340 |
| Other employee benefits | $90,945 |
| Payroll taxes | $214,399 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $161,798 |
| Advertising and promotion | $9,324 |
| Office expenses | $147,105 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $244,840 |
| Travel | $5,106 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,720 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,709 |
| Insurance | $2,764 |
| All other expenses | $800 |
| Total functional expenses | $14,959,779 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,559,719 |
| Savings and temporary cash investments | $6,058,724 |
| Pledges and grants receivable | $22,418,312 |
| 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 | $25,050 |
| Net Land, buildings, and equipment | $451,103 |
| Investments—publicly traded securities | $8,350,259 |
| Investments—other securities | $49,088,720 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,148,753 |
| Total assets | $93,100,640 |
| Accounts payable and accrued expenses | $585,409 |
| 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 | $1,881,128 |
| Total liabilities | $2,466,537 |
| Net assets without donor restrictions | $14,764,873 |
| Net assets with donor restrictions | $75,869,230 |
| 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 | $93,100,640 |
Grants Awarded
Over the last fiscal year, Rochester Regional Health Foundation has awarded $9,587,840 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Rochester, NY PURPOSE: PROJECT FUNDING | $9,016,666 |
Rochester, NY PURPOSE: PROJECT FUNDING | $514,244 |
Rochester, NY PURPOSE: PROJECT FUNDING | $56,930 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rochester Regional Health Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Caneel Family Foundation Wilmington, DE PURPOSE: GENERAL SUPPORT FOR LIPSON CANCER INSTITUTE | $10,000 |
Endowment Analysis
| Beg. Balance | $18,768,644 |
| Net Contributions | $1,822,500 |
| Ending Balance | $20,591,144 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brooks-Tlc Hospital System Inc Dunkirk, NY | $43,332,954 | $53,462,246 |
Grove City Medical Center Pittsburgh, PA | $19,315,788 | $24,381,583 |
Windber Hospital Inc Windber, PA | $34,243,981 | $47,877,066 |
J C Blair Memorial Hospital Huntingdon, PA | $69,376,054 | $51,183,184 |
Titusville Area Hospital Titusville, PA | $32,246,845 | $54,133,545 |
Memorial Hospital Albany Ny Albany, NY | $0 | $44,731,508 |
Hudson Valley Cardiovascular Practice Pc Poughkeepsie, NY | $15,329,648 | $43,703,701 |
Clearfield Hospital Clearfield, PA | $57,734,677 | $49,178,126 |
Eagleville Hospital Eagleville, PA | $95,214,492 | $47,803,555 |
City Of Philadelphia Ttee Administering Wills Eye Institute Philadephia, PA | $137,162,653 | $37,442,119 |
Emerson Practice Associates Inc Concord, MA | $29,193,502 | $40,422,139 |
Schuyler Hospital Inc Montour Falls, NY | $54,341,361 | $39,968,023 |