EIN 41-6017740

Rochester Area Foundation

Name: Rochester Area Foundation financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Rochester

State

Minnesota

Year formed

1944

Most recent tax filings

2022-12-01

NTEE code, primary

T31: Community Foundations

Description

To strengthen community philanthropy by promoting responsible and informed giving and to assist donors in meeting their charitable objectives.

Total revenues

$8,020,869

2022

Total expenses

$6,828,566

2022

Total assets

$45,883,774

2022

Num. employees

2022

Program areas at Rochester Area Foundation

Grants were provided to organizations providing free legal clinics, educational tutoring and data sharing services, cultural services and education, and a variety of other programs serving community needs

Grants made by Rochester Area Foundation

Grantee	Grant description	Grant year	Amount
First Homes Properties	Program Support	2022-12	$632,880
Soldiers Field Veteran's Memorial	Program Support	2022-12	$188,963
Mayo Clinic	Program Support	2022-12	$82,366
...and 97 more grants made totalling $2,794,256

Who funds Rochester Area Foundation

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Raf Properties	2022-12	General Support	$399,881
Joyce L Osborn Scholarship Trust	2022-12	General Operating	$111,834
Mayo Clinic	2022-12	Support Charitable Programs	$104,000
...and 7 more grants received

Personnel at Rochester Area Foundation

Name	Title	Compensation	Date of data
Jennifer Woodford	President	$108,409	2023-11-15
Justin Voss	First Homes Director of Projects		2023-06-19
Afton Zelinski	Director of the Community Land Trust		2023-06-19
Amanda Pelley	Administrative Services Manager		2022-03-11
Marco Wageman	Treasurer	$0	2023-06-19
...and 10 more key personnel

Financials for Rochester Area Foundation

Revenues	FYE 12/2022	FYE 12/2021	% Change
Total grants, contributions, etc.	$13,165,930	$7,167,652	83.7%
Program services	$352,251	$449,326	-21.6%
Investment income and dividends	$775,452	$842,270	-7.9%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$-25,488	$-32,008	20.4%
Net gain from sale of non-inventory assets	$-6,247,276	$3,276,179	-290.7%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$8,020,869	$11,703,419	-31.5%

Form 990s for Rochester Area Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
2022-12	2023-11-15	990	View PDF
2021-12	2022-10-24	990	View PDF
2020-12	2021-11-15	990	View PDF
2019-12	2021-04-01	990	View PDF
2018-12	2020-01-14	990	View PDF
...and 8 more Form 990s

Organizations like Rochester Area Foundation

Organization	Type	Location	Revenue
Community Foundation of North Central Massachusetts	501(c)(3)	Fitchburg, MA	$8,936,344
Community Foundation of Southern New Mexico	501(c)(3)	Las Cruces, NM	$3,282,640
Juneau Community Foundation	501(c)(3)	Juneau, AK	$7,816,581
Community Foundation of Southwest Louisiana	501(c)(3)	Lake Charles, LA	$3,054,710
Chautauqua Region Community Foundation	501(c)(3)	Jamestown, NY	$9,846,878
Truman Heartland Community Foundation (THCF)	501(c)(3)	Independence, MO	$10,949,150
Community Foundation of Northwest Mississippi	501(c)(3)	Hernando, MS	$11,306,408
The Community Foundation for Northern Virginia (CFNOVA)	501(c)(3)	Fairfax, VA	$10,934,222
Brown County Community Foundation	501(c)(3)	Nashville, IN	$2,707,577
North Carolina Community Foundation (NCCF)	501(c)(3)	Raleigh, NC	$24,377,624

Data update history

January 7, 2024

Posted financials

Added Form 990 for fiscal year 2022

December 29, 2023

Received grants

Identified 3 new grant, including a grant for $399,881 from Raf Properties

July 14, 2023

Posted financials

Added Form 990 for fiscal year 2021

June 30, 2023

Posted financials

Added Form 990 for fiscal year 2020

June 27, 2023

Received grants

Identified 11 new grant, including a grant for $5,000,000 from Mayo Clinic Group Return

Nonprofit Types

Grantmaking organizationsCommunity foundationsCharities

Issues

Community improvement

Characteristics

Operates donor advised fundsProvides grantsFundraising eventsState / local levelReceives government fundingEndowed supportGala fundraisersTax deductible donations

General information

Address: 12 Elton Hills Dr NW; Rochester, MN 55901
Metro area: Rochester, MN
County: Olmsted County, MN
Website URL: rochesterarea.org/
Phone: (507) 282-0203
Facebook page: RochesterArea
Twitter profile: @rochesterarea

IRS details

EIN: 41-6017740
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 1944
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: T31: Community Foundations
NAICS code, primary: 813211: Grantmaking Foundations
Parent/child status: Independent

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Rochester Area Foundation

Program areas at Rochester Area Foundation

Grants made by Rochester Area Foundation

Who funds Rochester Area Foundation

Personnel at Rochester Area Foundation

Financials for Rochester Area Foundation

Form 990s for Rochester Area Foundation

Organizations like Rochester Area Foundation

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