2024-01-24T13:29:47-06:00 2023-03-31 161131146 BONADIO & CO LLP 171 SULLYS TRAIL PITTSFORD NY 14534 990 2022-04-01 161539889 ROCHESTER AREA FOUNDATION ROCH 5852714100 500 EAST AVENUE ROCHESTER NY 14607 SIMEON BANISTER VICE PRESIDENT AND CEO 5852714100 2024-01-18 1 SIMEON BANISTER XXX-XX-XXXX 0 GRACE GONZALEZ P01357170 5853811000 2024-01-18 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SIMEON BANISTER 500 EAST AVENUE ROCHESTER NY 14607 150000 0 X WWW.RACF.ORG X 2003 NY PROVIDE RENTAL SPACE TO AFFILIATED AND EXEMPT ORGANIZATIONS AND TO RECEIVE AND HOLD REAL ESTATE THAT OTHERWISE WOULD HAVE BEEN RECEIVED BY ROCHESTER AREA COMMUNITY FOUNDATION. 13 13 0 13 0 0 0 0 123000 150000 0 0 0 0 123000 150000 0 0 0 0 0 0 0 0 0 132785 147081 132785 147081 -9785 2919 2396827 2379607 1035324 1028086 1361503 1351521 PROVIDE RENTAL SPACE TO AFFILIATED AND EXEMPT ORGANIZATIONS AND TO RECEIVE AND HOLD REAL ESTATE THAT OTHERWISE WOULD HAVE BEEN RECEIVED BY ROCHESTER AREA COMMUNITY FOUNDATION. 0 0 146277 150000 PROVIDING RENTAL SPACE TO AFFILIATED AND EXEMPT ORGANIZATIONS. THE ENTIRE BUILDING, WHICH IS APPROXIMATELY 11,000 SQUARE FEET, IS LEASED TO 1 NON-PROFIT TENANT. 146277 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 8 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X X MS AMY VARS 5852714100 500 EAST AVENUE ROCHESTER NY 14607 CAROLYN G NUSSBAUM ESQ COUNSEL 1.00 X X 0 0 0 MOLLENE B BENISON CPA TREASURER 1.00 X X 0 0 0 DAVID P VENISKEY CPA MEMBER 1.00 X 0 0 0 DAVID R FERRIS ESQ MEMBER 1.00 X 0 0 0 FLOR M COLON SECRETARY 1.00 X X 0 0 0 MICHELLE A HUTCHINSON ESQ MEMBER 1.00 X 0 0 0 RICHARD J RIEDMAN MEMBER 1.00 X 0 0 0 ABIGAIL J BENNETT MEMBER 1.00 X 0 0 0 THOMAS S RICHARDS CHAIR 1.00 X X 0 0 0 R SCOTT BURDETT MEMBER 1.00 X 0 0 0 FRANCIS J CLEMENT MEMBER 1.00 X 0 0 0 ARLINE L BAYO SANTIAGO ESQ MEMBER 1.00 X 0 0 0 MARK A EIDLIN MEMBER 1.00 X 0 0 0 AMY S VARS CPA SENIOR VP AND CFO 1.00 39.00 X 0 206598 10694 JENNIFER LEONARD VICE PRESIDENT AND CEO 1.00 39.00 X 0 587333 28524 SIMEON BANISTER VICE PRESIDENT AND CEO 1.00 39.00 X 0 235144 12200 0 1029075 51418 0 0 1 0 0 RENTAL INCOME 531120 150000 150000 150000 150000 150000 0 0 500 500 112917 112917 6640 6640 26720 26720 OTHER FEES 304 304 0 147081 146277 804 0 2008 317 5779 1273954 850126 444502 423828 1950000 1950000 2396827 2379607 9534 19033 1025790 1009053 1035324 1028086 X 1361503 1351521 1361503 1351521 2396827 2379607 X 2919 -12901 X X 0 1 X 1 0 X X 1 ROCHESTER AREA COMMUNITY FOUNDATION 237250641 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 160000 160000 546430 347211 199219 567524 502915 64609 423828 LIFE ESTATE 1950000 1950000 LIFE ESTATE LIABILITY 729463 NOTE PAYABLE TO RACF 279590 1009053 X 1 1 X X X X 0 0 0 0 0 0 0 0 0 JENNIFER LEONARD VICE PRESIDENT AND CEO 0 579198 0 0 0 8135 0 14243 0 14281 0 615857 0 213750 SIMEON BANISTER VICE PRESIDENT AND CEO 0 219444 0 0 0 15700 0 11228 0 972 0 247344 0 0 AMY S VARS CPA SENIOR VP AND CFO 0 205834 0 0 0 764 0 10180 0 514 0 217292 0 0 FORM 990, SCHEDULE J, PAGE 3, PART III ROCHESTER AREA COMMUNITY FOUNDATION (RACF), A RELATED ORGANIZATION, WAS RESPONSIBLE FOR PAYING THE COMPENSATION OF THE ORGANIZATION'S FORMER VICE PRESIDENT AND CEO AND THE RESPECTIVE HEALTH OR SOCIAL CLUB DUES, AS WELL AS THE COMPENSATION OF THE VICE PRESIDENT AND CEO AND SENIOR VICE PRESIDENT AND CFO. THE FOLLOWING WAS USED BY RACF WHEN DETERMINING THE VICE PRESIDENT AND CEO'S COMPENSATION - INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION STUDY, FORM 990 OF OTHER ORGANIZATIONS AND APPROVAL BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B OUR FINANCE COMMITTEE MEMBERS ARE EACH EMAILED A COPY OF THE FORM 990 PRIOR TO THE 990 BEING FILED. THEY ARE GIVEN APPROXIMATELY TWO WEEKS TO REVIEW THE DOCUMENT. DURING THAT TIME THEY ASK THE SENIOR VICE PRESIDENT AND CFO ANY QUESTIONS OR CONCERNS THEY HAVE ABOUT THE 990. THE SENIOR VICE PRESIDENT AND CFO ADDRESSES AND RESOLVES ALL QUESTIONS AND ISSUES ON THE 990. THE INDIVIDUAL FINANCE COMMITTEE MEMBERS SUBMIT THEIR APPROVAL BY EMAIL. ONCE APPROVED BY ALL FINANCE COMMITTEE MEMBERS, THE FORM 990 IS EMAILED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW. THE FORM 990 IS DISCUSSED AT THE NEXT BOARD MEETING PRIOR TO THE FORM 990 BEING FILED. IT IS A SEPARATE AGENDA ITEM FOR THE BOARD MEETING, GIVING THE MEMBERS AN OPPORTUNITY TO DISCUSS ANY QUESTIONS THAT THEY MIGHT HAVE. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, KEY EMPLOYEES AND STAFF ARE REQUIRED ANNUALLY TO COMPLETE A "CONFLICT OF INTEREST" FORM. THIS FORM ASKS THE INDIVIDUAL TO DISCLOSE ALL CURRENT POSITIONS OR RELATIONSHIPS IN WHICH THEY ARE INVOLVED OR WHICH MAY POSE A POTENTIAL CONFLICT OF INTEREST, AND SHALL FURTHER DISCLOSE ANY SUBSEQUENTLY ESTABLISHED RELATIONSHIP THAT MAY BE PERCEIVED TO BE A POTENTIAL CONFLICT OF INTEREST. IT IS OUR POLICY THAT THROUGHOUT THE YEAR AT BOARD AND COMMITTEE MEETINGS THAT ALL CONFLICTS OF INTEREST, INCLUDING POTENTIAL INTERESTS, SHALL BE DISCLOSED, AND THAT DIRECTORS AND COMMITTEE MEMBERS SHALL REFRAIN FROM VOTING UPON OR PARTICIPATING IN ANY BOARD OR COMMITTEE ACTION INVOLVING THE ENTITY WITH WHICH THERE MAY BE A CONFLICT, BY LEAVING THE ROOM DURING SUCH VOTE OR ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE VICE PRESIDENT AND CEO RETIRED SIX MONTHS AFTER THE START OF THE YEAR ON 9/30/2022 SO THE ORGANIZATION HAD A REVISED PERFORMANCE REVIEW PROCESS. THE SENIOR VICE PRESIDENT AND CFO PROVIDES COMPENSATION HISTORY AND SALARY/BENEFIT COMPS FROM LOCAL AND NATIONAL PEERS TO THE EXECUTIVE COMMITTEE. AN EXECUTIVE SESSION OF THE EXECUTIVE COMMITTEE IS FOLLOWED BY A MEETING WITH VICE PRESIDENT AND CEO TO SHARE PERFORMANCE REVIEW. CHAIR PREPARES SALARY RECOMMENDATION FOR EXECUTIVE COMMITTEE. FULL EXECUTIVE COMMITTEE RATIFIES SALARY RECOMMENDATION; CHAIR COMMUNICATES IN WRITING TO THE VICE PRESIDENT AND CEO AND SENIOR VICE PRESIDENT AND CFO. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON REQUEST. IN ADDITION, OUR FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE ON OUR WEBSITE WWW.RACF.ORG. FORM 990, PART XI, LINE 9: TRANSFER TO AFFILIATE -12,901. FORM 990, PART XII, LINE 2C THE AUDIT COMMITTEE IS RESPONSIBLE FOR THE REVIEW AND APPROVAL OF THE AUDITED FINANCIAL STATEMENTS. FORM 990, OTHER INFORMATION: ROCHESTER AREA FOUNDATION (RAF) IS A SUPPORTING ORGANIZATION OF THE ROCHESTER AREA COMMUNITY FOUNDATION UPON WHICH A CONSOLIDATED FINANCIAL STATEMENT AUDIT IS PERFORMED. THE INFORMATION PROVIDED IS PRESENTED AS IF RAF HAD ISSUED SEPARATE FINANCIAL STATEMENTS. ROCHESTER AREA COMMUNITY FOUNDATION 500 EAST AVENUE ROCHESTER NY 146071912 237250641 GRANT-MAKING COMMUNITY FOUNDATION NY 501(C)(3) 7 N/A 0 ROCHESTER AREA COMMUNITY FOUNDATION INITIATIVES INC 500 EAST AVENUE ROCHESTER NY 146071912 800024332 SPONSOR COMMUNITY PROJECTS NY 501(C)(3) 7 ROCHESTER AREA COMMUNITY FOUNDATION 0 ROCHESTER AREA COMMUNITY FOUNDATION DEPOSITORY INC 500 EAST AVENUE ROCHESTER NY 146071912 223106737 PROVIDE GRANTS TO PUBLIC CHARITIES NY 501(C)(3) 7 ROCHESTER AREA COMMUNITY FOUNDATION 0 THE JOAN AND HAROLD FEINBLOOM SUPPORTING FOUNDATION INC 500 EAST AVENUE ROCHESTER NY 146071912 222988808 SUPPORT THE CHARITABLE EFFORTS OF ROCHESTER AREA COMMUNITY FOUNDATION NY 501(C)(3) 12A ROCHESTER AREA COMMUNITY FOUNDATION 0 SANDS FAMILY SUPPORTING FOUNDATION INC 500 EAST AVENUE ROCHESTER NY 146071912 810751295 SUPPORT THE CHARITABLE EFFORTS OF ROCHESTER AREA COMMUNITY FOUNDATION NY 501(C)(3) 12A ROCHESTER AREA COMMUNITY FOUNDATION 0 1 1 0 0 1 0 0 0 0 1 0 0 0 1 1 0 0 0 0 ROCHESTER AREA COMMUNITY FOUNDATION E 279590 FAIR MARKET VALUE ROCHESTER AREA COMMUNITY FOUNDATION J 150000 CONTRACT