2023-11-15T11:07:17-06:00 2022-12-31 420714325 RSM US LLP 227 WEST FIRST STREET SUITE 700 DULUTH MN 55802 990 2022-01-01 411891463 RAF PROPERTIES RAFP 5072820203 12 ELTON HILLS DRIVE NW ROCHESTER MN 55901 JENNIFER WOODFORD PRESIDENT 5072820203 2023-11-14 1 JENNIFER WOODFORD XXX-XX-XXXX 0 JULIE BOYER P01278549 2187275025 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JENNIFER WOODFORD 12 ELTON HILLS DRIVE NW ROCHESTER MN 55901 407620 0 X N/A X 1995 MN TO RECEIVE, HOLD, ADMINISTER AND DISBURSE ANY REAL PROPERTY WHICH MAY BE TRANSFERRED TO IT BY GIFT, OR OTHERWISE, AND TO DISPOSE OF THE PROPERTY BY ANY MEANS WHATSOEVER FOR THE BENEFIT OF THE ROCHESTER AREA FOUNDATION. X 7 7 0 7 0 0 0 407620 0 0 0 0 0 0 0 407620 0 399881 0 0 0 0 0 0 0 0 8552 0 408433 0 -813 0 -413 0 400 0 -813 TO RECEIVE, HOLD, ADMINISTER AND DISBURSE ANY REAL PROPERTY WHICH MAY BE TRANSFERRED TO IT BY GIFT, OR OTHERWISE, AND TO DISPOSE OF THE PROPERTY BY ANY MEANS WHATSOEVER FOR THE BENEFIT OF THE ROCHESTER AREA FOUNDATION. 0 0 406833 399881 407620 TO RECEIVE, HOLD, ADMINISTER AND DISBURSE ANY REAL PROPERTY WHICH MAY BE TRANSFERRED TO IT BY GIFT, OR OTHERWISE, AND TO DISPOSE OF THE PROPERTY BY ANY MEANS WHATSOEVER FOR THE BENEFIT OF THE ROCHESTER AREA FOUNDATION. 406833 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MN X JENNIFER WOODFORD 5072820203 12 ELTON HILLS DRIVE NW ROCHESTER MN 55901 NATALIE JONES TRUSTEE 0.50 1.00 X 0 0 0 KATHY LOMBARDO TRUSTEE 0.50 6.00 X 0 0 0 CRAIG WENDLAND TRUSTEE 0.50 4.00 X 0 0 0 JOHN BENIKE CHAIR 0.50 0.00 X X 0 0 0 MARK UTZ VICE-CHAIR 0.50 0.00 X X 0 0 0 DAVE OETH TREASURER 0.50 4.00 X X 0 0 0 WENDY SHANNON SECRETARY 0.50 0.00 X X 0 0 0 JENNIFER WOODFORD EXECUTIVE DIRECTOR 2.00 40.00 X 0 144545 8996 0 144545 8996 0 0 1 0 0 407620 407620 407620 407620 0 0 0 399881 399881 6202 6202 1575 1575 350 350 CONSULTANT FEES - ENVIR 400 400 MN REGISTRATION 25 25 408433 406833 1600 0 0 -413 0 -413 0 400 0 400 X 0 -813 0 -813 0 -413 -813 0 X X 0 1 X 1 0 X X X 1 ROCHESTER AREA FOUNDATION 416017740 2 1 399881 0 1 399881 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION BELIEVES THAT NO SIGNIFICANT UNCERTAIN TAX POSITIONS HAVE BEEN TAKEN IN ITS TAX RETURNS. AT DECEMBER 31, 2022, GENERALLY, THE FEDERAL AND MINNESOTA TAX RETURNS FOR THE ORGANIZATION ARE OPEN FOR EXAMINATION BY TAXING AUTHORITIES FOR THE YEARS 2019 TO 2022. AT DECEMBER 31, 2022 AND 2021, THE ORGANIZATION DID NOT RECORD ANY LIABILITIES FOR UNCERTAIN TAX POSITIONS. 0 ROCHESTER AREA FOUNDATION 12 ELTON HILLS DRIVE NW ROCHESTER MN 55901 416017740 501(C)(3) 399881 0 GENERAL SUPPORT 1 0 PART I, LINE 2: RAF PROPERTIES GIVES GRANTS TO ROCHESTER AREA FOUNDATION, A RELATED ORGANIZATION, TO USE AT ITS DISCRETION. 0 0 0 0 0 0 0 0 0 JENNIFER WOODFORD EXECUTIVE DIRECTOR 0 144545 0 0 0 0 0 7200 0 1796 0 153541 0 0 PART I, LINE 3 ROCHESTER AREA FOUNDATION, A RELATED ORGANIZATION, DETERMINES COMPENSATION OF RAF PROPERTIES' TOP MANAGEMENT OFFICIAL. ROCHESTER AREA FOUNDATION UTILIZES A COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD TO DETERMINE SUCH COMPENSATION. X 1 407620 FMV 1 0 1 1 PART I, COLUMN (B): REPORTING THE NUMBER OF CONTRIBUTIONS PART I, LINE 32B: THE LAW FIRM WENDLAND UTZ ASSISTED RAF PROPERTIES WITH ALL ASPECTS OF THE SALE OF THE DONATED LAND RECEIVED. LAND 2022-12-15 407620 FAIR MARKET VALUE CITY OF ROCHESTER MN 21 FIRST ST SW SUITE 300 ROCHESTER MN 55902 MUNICIPALITY 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ROCHESTER AREA FOUNDATION, A RELATED ORGANIZATION, IS THE SOLE MEMBER OF RAF PROPERTIES. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS SHALL BE APPOINTED BY THE SOLE MEMBER, ROCHESTER AREA FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7B ROCHESTER AREA FOUNDATION, AS THE SOLE MEMBER, HAS THE RIGHT TO APPROVE CERTAIN ACTIONS OF THE BOARD, INCLUDING BUT NOT LIMITED TO: (A) ADOPTION OF OPERATING AND CAPITAL BUDGETS (B) ADOPTION AND REVISION OF LONG RANGE AND STRATEGIC PLAN (C) CAPITAL EXPENDITURES AND NON-BUDGETED EXPENDITURES OVER A DOLLAR LEVEL SPECIFIED IN THE CAPITAL AND OPERATING EXPENDITURE POLICIES ADOPTED BY THE SOLE MEMBER OF THIS CORPORATION (D) MERGER, TRANSFERS OF SUBSTANTIAL ASSETS, OR CHANGE IN MEMBERSHIP INVOLVING THIS CORPORATION (E) AMENDMENTS TO ARTICLES OF INCORPORATION AND BYLAWS OF THIS CORPORATION (F) INCURRENCE OF INDEBTEDNESS AND LEASE COMMITMENTS FORM 990, PART VI, SECTION B, LINE 11B RSM PROVIDES A DRAFT OF THE FORM 990 TO THE FINANCE OFFICER. THE FINANCE OFFICER, PRESIDENT AND TREASURER REVIEW THE DRAFTS AND MAKE ANY NECESSARY CHANGES. REVISED COPIES ARE THEN PRESENTED TO THE FULL BOARD OF TRUSTEES FOR REVIEW, AND A VOTE TO APPROVE IS TAKEN AFTER THE TRUSTEES HAVE REVIEWED THE RETURNS. THE REVIEW AND APPROVAL TAKES PLACE PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ROCHESTER AREA FOUNDATION'S, A RELATED ORGANIZATION, CONFLICT OF INTEREST POLICY APPLIES TO ALL PERSONS HOLDING POSITIONS OF RESPONSIBILITY AND TRUST ON BEHALF OF THE FOUNDATION, INCLUDING BUT NOT LIMITED TO MEMBERS OF THE BOARD OF TRUSTEES, MEMBERS OF BOARD COMMITTEES WHO ARE NOT MEMBERS OF THE BOARD, VOLUNTEER COMMITTEE MEMBERS, MEMBERS OF THE BOARDS OF SUPPORTING ORGANIZATIONS TO THE FOUNDATION, REPRESENTATIVES OF FISCALLY SPONSORED PROJECTS, AND MEMBERS OF THEFOUNDATION STAFF (HEREINAFTER "MEMBERS"). THIS POLICY SHALL BE PROVIDED TO EACH MEMBER AT THE TIME THAT HE OR SHE IS ASKED TO SERVE THE FOUNDATION. IN CONDUCTING THE AFFAIRS OF THE FOUNDATION, DUALITY OR CONFLICT OF INTEREST SHALL BE PRESUMED WHEN A PERSON TO WHOM THIS POLICY APPLIES OR A MEMBER OF HIS/HER IMMEDIATE FAMILY SERVES AS A TRUSTEE, OFFICER, STAFF MEMBER OR HOLDER OF MORE THAN 10% OF CORPORATE STOCK OF AN AFFECTED ORGANIZATION OR FIRM; HAS A FORMAL AFFILIATION OR INTEREST IN AN AFFECTED ORGANIZATION OR FIRM; OR COULD EXPECT FINANCIAL GAIN OR LOSS FROM A PARTICULAR DECISION. BEFORE A STAFF, BOARD OR VOLUNTEER COMMITTEE MEMBER BEGINS HIS OR HER SERVICE WITH THE FOUNDATION, HE OR SHE SHALL FILE WITH THE PRESIDENT OF THE FOUNDATION A LIST OF HIS OR HER PRINCIPAL BUSINESS ACTIVITIES, AS WELL AS INVOLVEMENT WITH OTHER CHARITABLE AND BUSINESS ORGANIZATIONS, VENDORS OR BUSINESS INTERESTS, OR WITH ANY OTHER ASSOCIATIONS THAT MIGHT PRODUCE A CONFLICT OF INTEREST. ALL MEMBERS WILL BE REQUIRED TO SUBMIT THE DISCLOSURE STATEMENT ON AN ANNUAL BASIS. IN ADDITION TO THE DISCLOSURE REQUIRED BY THE PREVIOUS PARAGRAPH, EACH MEMBER IS UNDER AN OBLIGATION TO THE FOUNDATION, TO HIS OR HER FELLOW STAFF OR VOLUNTEERS, AND TO THE COMMUNITY SERVED BY THE FOUNDATION TO INFORM THE FOUNDATION OF ANY POSITION HE OR SHE HOLDS OR OF ANY BUSINESS OR VOCATIONAL ACTIVITY THAT MAY RESULT IN A POSSIBLE CONFLICT OF INTEREST OR BIAS FOR OR AGAINST A PARTICULAR GRANTEE, ACTION, OR POLICY, AT THE TIME SUCH GRANT, ACTION, OR POLICY IS UNDER CONSIDERATION BY THE BOARD OR ANY VOLUNTEER COMMITTEE OF THE FOUNDATION. ANY DUALITY OR POSSIBLE CONFLICT OF INTEREST ON THE PART OF ANY MEMBER SHALL BE DISCLOSED TO THE CHAIR OF THE BOARD (IN THE CASE OF VOLUNTEERS) OR THE PRESIDENT (IN THE CASE OF STAFF MEMBERS) AND MADE A MATTER OF RECORD AS SOON AS THE ISSUE IN QUESTION IS RAISED AND A POSSIBLE CONFLICT IS KNOWN. WHEN THE BOARD, COMMITTEE, OR STAFF IS TO DECIDE UPON AN ISSUE ABOUT WHICH A MEMBER HAS AN UNAVOIDABLE CONFLICT OF INTEREST, THAT MEMBER SHALL PHYSICALLY ABSENT HERSELF OR HIMSELF WITHOUT COMMENT FROM NOT ONLY THE VOTE, BUT ALSO FROM THE DELIBERATION, UNLESS DIRECTLY REQUESTED BY THE CHAIR OF THE BOARD OR RELEVANT COMMITTEE TO PROVIDE FACTUAL INFORMATION OR ANSWER FACTUAL QUESTIONS THAT MAY ASSIST THE BOARD OR COMMITTEE IN MAKING A WISE DECISION. IN NO CASE SHALL THAT MEMBER VOTE ON SUCH MATTER OR ATTEMPT TO EXERT PERSONAL INFLUENCE IN CONNECTION THEREWITH. DISCLOSURE AND ABSTENTION SHALL BE RECORDED IN THE MINUTES OF THE MEETING(S) AT WHICH THE ISSUE IS DISCUSSED AND DECIDED. IN ANY SITUATION NOT SPECIFICALLY COVERED BY THE PREVIOUS SECTIONS OF THIS POLICY, MEMBERS SHALL CONSIDER CAREFULLY ANY POTENTIAL CONFLICT OF THEIR PERSONAL INTERESTS WITH THE INTERESTS OF THE FOUNDATION AND REFRAIN FROM ANY ACTION THAT MIGHT BE PERCEIVED AS AN ACTUAL OR APPARENT CONFLICT OF INTEREST. THE CHAIR OF THE BOARD SHALL BE RESPONSIBLE FOR THE APPLICATION AND INTERPRETATION OF THESE POLICIES AS THEY RELATE TO BOARD MEMBERS, VOLUNTEER COMMITTEE MEMBERS, OR THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND/OR FINANCIAL STATEMENTS MAY BE OBTAINED BY THE PUBLIC ON THE ORGANIZATION'S WEBSITE OR UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XI, LINE 2C: THE FINANCE COMMITTEE HAS THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FIRST HOMES PROPERTIES 12 ELTON HILLS DR NW ROCHESTER MN 55901 412004557 TO PROVIDE OPPORTUNITIES FOR LOW AND MODERATE INCOME HOUSEHOLDS IN SE MN MN 501(C)(3) LINE 12A, I ROCHESTER AREA FOUNDATION 1 ROCHESTER AREA FOUNDATION 12 ELTON HILLS DR NW ROCHESTER MN 55901 416017740 STRENGTHEN COMMUNITY PHILANTHROPY MN 501(C)(3) LINE 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0