Greater Rochester Enterprise Foundation Inc

Is Greater Rochester Enterprise Foundation Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Greater Rochester Enterprise Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Greater Rochester Enterprise Foundation Inc

Greater Rochester Enterprise Foundation Inc (EIN: 100000085) is a nonprofit organization based in Rochester, NY, classified under NTEE code S31. The organization reported total revenue of $2.0M and total assets of $304K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Rochester Enterprise Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Greater Rochester Enterprise Foundation Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, Greater Rochester Enterprise Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the organization. This suggests a highly efficient use of funds, with resources directed entirely towards programmatic and operational expenses rather than executive salaries, which is commendable for an organization with revenues approaching $2 million.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Greater Rochester Enterprise Foundation Inc's IRS 990 filings:

• Slight deficit in 2023 where expenses ($1,959,748) exceeded revenue ($1,874,703).

Strengths

The following positive indicators were identified for Greater Rochester Enterprise Foundation Inc:

• Consistent 0% officer compensation across all reported periods, indicating high efficiency.
• Stable revenue streams consistently around $1.5M - $2M.
• Growing asset base over the long term, from $60,304 in 2014 to $365,061 in 2023.
• Strong program focus due to minimal administrative and fundraising overhead implied by 0% officer compensation.

Frequently Asked Questions about Greater Rochester Enterprise Foundation Inc

Filing History

IRS 990 filing history for Greater Rochester Enterprise Foundation Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Greater Rochester Enterprise Foundation Inc's revenue has grown by 49.2%, moving from $1.3M to $1.9M. Total assets increased by 60.3% over the same period, from $228K to $365K. Total functional expenses rose by 38.2%, from $1.4M to $2.0M. In its most recent filing year (2023), Greater Rochester Enterprise Foundation Inc reported a deficit of $85K, with expenses exceeding revenue. The organization holds $100K in liabilities against $365K in assets (debt-to-asset ratio: 27.4%), resulting in net assets of $265K.

Year-by-Year Financial Summary

• 2023: Revenue of $1.9M, expenses of $2.0M, and assets of $365K (revenue +2.8% year-over-year).
• 2022: Revenue of $1.8M, expenses of $1.8M, and assets of $450K (revenue +16.5% year-over-year).
• 2021: Revenue of $1.6M, expenses of $1.5M, and assets of $321K (revenue +1.6% year-over-year).
• 2020: Revenue of $1.5M, expenses of $1.4M, and assets of $247K (revenue +2.9% year-over-year).
• 2019: Revenue of $1.5M, expenses of $1.6M, and assets of $196K (revenue -1.2% year-over-year).
• 2018: Revenue of $1.5M, expenses of $1.4M, and assets of $219K (revenue +11.0% year-over-year).
• 2017: Revenue of $1.4M, expenses of $1.6M, and assets of $134K (revenue -40.2% year-over-year).
• 2016: Revenue of $2.3M, expenses of $2.4M, and assets of $371K (revenue -5.6% year-over-year).
• 2015: Revenue of $2.4M, expenses of $2.1M, and assets of $416K (revenue +32.1% year-over-year).
• 2014: Revenue of $1.8M, expenses of $2.0M, and assets of $60K (revenue +56.0% year-over-year).
• 2013: Revenue of $1.2M, expenses of $1.2M, and assets of $221K (revenue -16.0% year-over-year).
• 2012: Revenue of $1.4M, expenses of $1.4M, and assets of $232K (revenue +11.3% year-over-year).
• 2011: Revenue of $1.3M, expenses of $1.4M, and assets of $228K.

Data Sources and Methodology

This transparency report for Greater Rochester Enterprise Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.