Rochester Education Foundation Inc
- Assets
- $626.0k
- Revenue
- $625.6k
- Investments
- $0.0
- Employees
- 7
- Location
- Rochester, NY
- Founding
- 12/2005
- Data as of
- 12/2021
- EIN
- 27-0132133
Organization Overview
Rochester Education Foundation Inc is located in Rochester, NY. The organization was established in 2005. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2021, Rochester Education Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rochester Education 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 12/2021, Rochester Education Foundation Inc generated $625.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $441.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PROGRAMS AND RESOURCES TO SUPPORT THE SUCCESS OF ROCHESTER CITY STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT LITERACY: REF HAS SUPPORT STUDENT LITERACY DEVELOPMENT SINCE ITS FOUNDING. DURING THE PANDEMIC, REF HAS STRIVED TO PROVIDE AS MANY BOOKS TO STUDENTS AS POSSIBLE- OVER 25,000 SINCE MARCH 2020. REF RECEIVES BOOK DONATIONS WHICH ARE THEN DISTRIBUTED TO SCHOOLS, FAMILIES, AND THROUGH COMMUNITY PARTNERS.
MUSIC AND ARTS FOR ALL: REF LAUNCHED THE SPRING FOR MUSIC INITIATIVE IN 2003 IN RESPONSE TO DRASTIC CUTS TO MUSIC FUNDING IN THE ROCHESTER CITY SCHOOL DISTRICT. REF HAS EXPANDED THIS INITIATIVE TO OFFER INSTRUMENTS, PERFORMANCE OPPORTUNITIES, AND SCHOLARSHIPS FOR SUPPLEMENTAL LESSONS. REF HAS PROVIDED OVER 3,500 INSTRUMENTS TO STUDENTS SINCE 2003.THIS PROGRAM IS PRIMARILY SUPPORTED THROUGH CONTRIBUTIONS.
COLLEGE ACCESS: REF LEADS A COMMUNITY INITIATIVE, ROCHESTER COLLEGE ACCESS NETWORK, WHICH BRINGS TOGETHER HIGHER-ED INSTITUTIONS, COMMUNITY ORGANIZATIONS, COUNSELORS, AND COMMUNITY MEMBERS TO SET COMMUNITY GOALS AROUND COLLEGE-GOING AND ALIGN RESOURCES TO BREAK DOWN THE BARRIERS CITY STUDENTS FACE ON THE ROAD TO POST-SECONDARY EDUCATION. REF ASSISTS STUDENTS THROUGH FAFSA FEST EVENTS, COLLEGE IQ WORKSHOPS, AN ONLINE HELP DESK, AND IN-SCHOOL SUPPORT.THIS PROGRAM IS PRIMARILY SUPPORTED THROUGH CONTRIBUTIONS.
STUDENT SUCCESS PROGRAMS: REF WORKS WITH PARTNERS THROUGHOUT THE COMMUNITY TO PROVIDE CITY STUDENTS OPPORTUNITIES TO LEARN, GROWN, AND THRIVE IN SCHOOL AND BEYOND. THROUGH THESE PARTNERSHIPS, REF PROVIDES BACKBONE ADMINISTRATIVE SUPPORT WHILE ALLOWING PARTNERS TO FOCUS ON THE STUDENTS. THESE PROGRAMS ARE PRIMARILY SUPPORTED THROUGH CONTRIBUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stuart Hencke Executive Director (through 12/31/21) | Officer | 40 | $53,155 |
Cheri Ancello Secretary | OfficerTrustee | 1.3 | $0 |
Robert Neale Chair | OfficerTrustee | 1.2 | $0 |
Joseph Levy Treasurer | OfficerTrustee | 1 | $0 |
Julie Cook Vice Chair | OfficerTrustee | 0.5 | $0 |
Sara Kelly Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $4,248 |
| Membership dues | $0 |
| Fundraising events | $71,882 |
| Related organizations | $0 |
| Government grants | $55,303 |
| All other contributions, gifts, grants, and similar amounts not included above | $477,965 |
| Noncash contributions included in lines 1a–1f | $80,184 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $609,398 |
| Total Program Service Revenue | $0 |
| Investment income | $2,733 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,331 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $625,646 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,831 |
| 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. | $56,460 |
| Compensation of current officers, directors, key employees. | $15,809 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $97,070 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,559 |
| Payroll taxes | $11,076 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,216 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,100 |
| Fees for services: Other | $18,351 |
| Advertising and promotion | $0 |
| Office expenses | $6,267 |
| Information technology | $9,911 |
| Royalties | $0 |
| Occupancy | $21,218 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,097 |
| All other expenses | $24,584 |
| Total functional expenses | $441,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,828 |
| Savings and temporary cash investments | $160,135 |
| Pledges and grants receivable | $45,676 |
| 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 | $1,188 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $300,345 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $875 |
| Total assets | $626,047 |
| Accounts payable and accrued expenses | $5,068 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $863 |
| 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 | $5,931 |
| Net assets without donor restrictions | $281,742 |
| Net assets with donor restrictions | $338,374 |
| 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 | $626,047 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rochester Education Foundation Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $100 |
Endowment Analysis
| Beg. Balance | $49,608 |
| Earnings | $6,062 |
| Net Contributions | $5,300 |
| Ending Balance | $60,970 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fund For Public Schools Inc New York, NY | $69,123,846 | $27,701,638 |
National Collegiate Inventors & Innovators Alliance Hadley, MA | $19,763,432 | $45,805,073 |
Ernst & Young Foundation New York, NY | $39,971,970 | $27,635,064 |
Kipp New York Inc New York, NY | $134,718,837 | $36,118,873 |
Nellie Mae Education Foundation Inc Quincy, MA | $585,493,964 | $94,584,276 |
Say Yes Buffalo Scholarship Inc Buffalo, NY | $26,879,466 | $14,014,941 |
The Heckscher Foundation For Children New York, NY | $236,760,119 | $11,760,357 |
United Federation Of Teachers Educational Foundation Inc New York, NY | $18,651,586 | $11,866,585 |
Vista Foundation Hershey, PA | $12,658,681 | $12,905,128 |
Caroline & Joseph S Gruss Life Monument Funds Inc New York, NY | $48,124,527 | $2,679,769 |
Storehouse For Teachers Pittsburgh, PA | $4,365,823 | $11,202,988 |
Five Colleges Incorporated Amherst, MA | $34,378,872 | $10,361,692 |