Greater Rochester Enterprise Inc
Greater Rochester Enterprise Inc. consistently maintains positive net income and growing assets with no reported officer compensation.
EIN: 100000080 · Rochester, NY · NTEE: S30 · Updated: 2026-03-28
Is Greater Rochester Enterprise 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 Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greater Rochester Enterprise Inc
Greater Rochester Enterprise Inc (EIN: 100000080) is a nonprofit organization based in Rochester, NY, classified under NTEE code S30. The organization reported total revenue of $2.3M and total assets of $772K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Rochester Enterprise 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 Inc with a Mission Score of 88 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 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
The organization reports 0% officer compensation across all provided filings, which is highly unusual for an organization with revenues consistently over $1 million. This suggests that executive compensation is either not reported under this category, or the organization operates with entirely volunteer leadership, which would be a significant strength.
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 Inc's IRS 990 filings:
- Unusually low or 0% reported officer compensation for an organization of this size, which warrants further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Greater Rochester Enterprise Inc:
- Consistent positive net income, with revenues generally exceeding expenses (e.g., $2,118,996 revenue vs. $2,026,368 expenses in 2023).
- Steady growth in assets over recent years, indicating financial stability (e.g., assets grew from $493,577 in 2020 to $709,196 in 2023).
- Low liabilities relative to assets, suggesting a healthy balance sheet (e.g., $187,340 liabilities vs. $709,196 assets in 2023).
- Excellent transparency with 13 consistent IRS 990 filings.
- No reported officer compensation, which, if accurate, indicates a highly efficient use of funds for mission-related activities.
Frequently Asked Questions about Greater Rochester Enterprise Inc
Is Greater Rochester Enterprise Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Rochester Enterprise Inc (EIN: 100000080) some concerns. Mission Score: 88/100. 1 red flag identified, 5 strengths noted.
How does Greater Rochester Enterprise Inc spend its money?
Greater Rochester Enterprise Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greater Rochester Enterprise Inc tax-deductible?
Greater Rochester Enterprise Inc is registered as a tax-exempt nonprofit (EIN: 100000080). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Greater Rochester Enterprise Inc. manage to report 0% officer compensation with its revenue levels?
The consistent reporting of 0% officer compensation on the IRS 990s for an organization with revenues exceeding $1 million annually (e.g., $2,118,996 in 2023) is highly unusual. It could indicate that executive leadership is entirely volunteer, compensated through a related entity, or that compensation is categorized differently on the 990 form, such as under general salaries and wages rather than specific officer compensation.
What are the specific program activities funded by Greater Rochester Enterprise Inc.?
Based on the NTEE code S30 (Economic Development), Greater Rochester Enterprise Inc. likely focuses on initiatives to promote economic growth, job creation, and business retention/attraction in the Rochester region. While the provided data doesn't detail specific programs, its mission would typically involve activities like business attraction, expansion support, and regional marketing.
Is the organization's asset growth sustainable?
Yes, the organization's asset growth appears sustainable. Assets have generally increased year-over-year, from $368,427 in 2019 to $709,196 in 2023, driven by revenues consistently exceeding expenses. This trend indicates sound financial management and the ability to build reserves.
Filing History
IRS 990 filing history for Greater Rochester Enterprise Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Greater Rochester Enterprise Inc's revenue has grown by 38.4%, moving from $1.5M to $2.1M. Total assets increased by 19.1% over the same period, from $595K to $709K. Total functional expenses rose by 27.7%, from $1.6M to $2.0M. In its most recent filing year (2023), Greater Rochester Enterprise Inc reported a surplus of $93K, with revenue exceeding expenses. The organization holds $187K in liabilities against $709K in assets (debt-to-asset ratio: 26.4%), resulting in net assets of $522K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $2.0M | $709K | $187K | — | View 990 |
| 2022 | $2.0M | $1.9M | $700K | $185K | — | View 990 |
| 2021 | $1.6M | $1.6M | $543K | $144K | — | — |
| 2020 | $1.6M | $1.6M | $494K | $105K | — | — |
| 2019 | $1.8M | $1.7M | $368K | $99K | — | View 990 |
| 2018 | $1.4M | $1.3M | $498K | $222K | — | View 990 |
| 2017 | $1.4M | $1.6M | $385K | $250K | — | View 990 |
| 2016 | $1.8M | $1.7M | $976K | $260K | — | View 990 |
| 2015 | $1.8M | $1.6M | $908K | $199K | — | View 990 |
| 2014 | $1.7M | $1.7M | $497K | $257K | — | View 990 |
| 2013 | $1.6M | $1.7M | $655K | $295K | — | View 990 |
| 2012 | $1.6M | $1.7M | $695K | $235K | — | View 990 |
| 2011 | $1.5M | $1.6M | $595K | $107K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $2.0M, and assets of $709K (revenue +6.9% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.9M, and assets of $700K (revenue +25.5% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.6M, and assets of $543K (revenue +0.1% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.6M, and assets of $494K (revenue -10.5% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.7M, and assets of $368K (revenue +25.6% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.3M, and assets of $498K (revenue +2.5% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.6M, and assets of $385K (revenue -22.9% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.7M, and assets of $976K (revenue +1.4% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.6M, and assets of $908K (revenue +1.1% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.7M, and assets of $497K (revenue +8.2% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.7M, and assets of $655K (revenue +1.6% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.7M, and assets of $695K (revenue +2.9% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.6M, and assets of $595K.
Data Sources and Methodology
This transparency report for Greater Rochester Enterprise 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.