Monroe Community College Foundation Inc
Monroe Community College Foundation experiences recurring operational deficits despite substantial assets.
EIN: 161204210 · Rochester, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.4M |
| Total Expenses | $9.6M |
| Program Spending | 70% |
| Net Assets | $25.4M |
| Transparency Score | 70/100 |
Is Monroe Community College Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Monroe Community College Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Monroe Community College Foundation Inc
Monroe Community College Foundation Inc (EIN: 161204210) is a nonprofit organization based in Rochester, NY. The organization reported total revenue of $5.4M and total assets of $30.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Monroe Community College Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Monroe Community College Foundation Inc is a mid-size nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.9M |
| Total Expenses | $9.6M |
| Surplus / Deficit | $-2,755,166 |
| Total Assets | $27.4M |
| Total Liabilities | $2.0M |
| Net Assets | $25.4M |
| Operating Margin | -40.2% |
| Debt-to-Asset Ratio | 7.3% |
| Months of Reserves | 34.2 months |
Financial Health Grade: B
In 2023, Monroe Community College Foundation Inc reported a deficit of $2.8M with expenses exceeding revenue, holds 34.2 months of operating reserves (strong position), has a debt-to-asset ratio of 7.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Monroe Community College Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.8% | +62.2% | -8.6% |
| 2022 | +78.6% | +27.0% | +1.3% |
| 2021 | -46.9% | +7.0% | +5.0% |
| 2020 | +17.2% | -5.0% | +12.7% |
| 2019 | -55.2% | +7.3% | +2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Monroe Community College Foundation Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Monroe Community College Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting that no officers receive direct compensation from the foundation, or it is reported differently, which is a positive sign for resource allocation relative to the organization's size and mission.
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 Monroe Community College Foundation Inc's IRS 990 filings:
- Recurring operational deficits: Expenses exceeded revenue in 6 out of 10 reported periods, including the latest 202308 period where expenses were $9,615,417 against revenue of $6,860,251.
- Significant increase in liabilities in 202208: Liabilities jumped to $3,756,592 from $1,516,164 in 202108, which warrants further investigation.
Strengths
The following positive indicators were identified for Monroe Community College Foundation Inc:
- Substantial asset base: The foundation consistently maintains a strong asset base, reaching $30,106,238 in 202208, providing financial stability and capacity.
- No reported officer compensation: The 0% officer compensation across all filings indicates efficient use of funds regarding executive salaries.
- Consistent filing history: A history of 13 filings demonstrates a commitment to transparency and compliance with IRS reporting requirements.
Frequently Asked Questions about Monroe Community College Foundation Inc
Is Monroe Community College Foundation Inc a legitimate charity?
Monroe Community College Foundation Inc (EIN: 161204210) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.4M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Monroe Community College Foundation Inc spend its money?
Monroe Community College Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Monroe Community College Foundation Inc tax-deductible?
Monroe Community College Foundation Inc is registered as a tax-exempt nonprofit (EIN: 161204210). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Monroe Community College Foundation Inc's spending goes to programs?
Monroe Community College Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Monroe Community College Foundation Inc located?
Monroe Community College Foundation Inc is headquartered in Rochester, New York and files with the IRS under EIN 161204210.
How many years of IRS 990 filings does Monroe Community College Foundation Inc have?
Monroe Community College Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.4M in total revenue.
Is Monroe Community College Foundation Inc. financially sustainable given its recurring operational deficits?
The foundation has experienced operational deficits in multiple years (e.g., 202308, 202208, 202108), where expenses exceeded revenue. While it possesses substantial assets ($27,367,571 in 202308), sustained deficits could erode these assets over time, raising questions about long-term financial sustainability if not balanced by future surpluses or strategic asset utilization.
How does the foundation manage its significant asset base?
With assets of over $30 million in some periods (e.g., $30,106,238 in 202208), the foundation holds significant financial resources. The management of these assets, including investment strategies and endowment policies, would be crucial to understanding how they contribute to the foundation's mission and offset operational deficits.
What is the primary cause of the fluctuations in revenue and expenses?
Revenue has varied significantly, from $2,850,892 in 201608 to $11,809,412 in 201808. Similarly, expenses have fluctuated. Understanding the drivers behind these changes, such as large one-time donations, specific fundraising campaigns, or major program initiatives, is key to assessing financial predictability.
Filing History
IRS 990 filing history for Monroe Community College Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Monroe Community College Foundation Inc's revenue has grown by 272.6%, moving from $1.8M to $6.9M. Total assets increased by 134.5% over the same period, from $11.7M to $27.4M. Total functional expenses rose by 296.5%, from $2.4M to $9.6M. In its most recent filing year (2023), Monroe Community College Foundation Inc reported a deficit of $2.8M, with expenses exceeding revenue. The organization holds $2.0M in liabilities against $27.4M in assets (debt-to-asset ratio: 7.3%), resulting in net assets of $25.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.9M | $9.6M | $27.4M | $2.0M | — | View 990 |
| 2022 | $5.9M | $5.9M | $29.9M | $3.8M | — | View 990 |
| 2021 | $3.3M | $4.7M | $29.6M | $1.5M | — | View 990 |
| 2020 | $6.2M | $4.4M | $28.2M | $1.0M | — | View 990 |
| 2019 | $5.3M | $4.6M | $25.0M | $854K | — | View 990 |
| 2018 | $11.8M | $4.3M | $24.3M | $687K | — | View 990 |
| 2017 | $3.7M | $5.3M | $16.6M | $656K | — | View 990 |
| 2016 | $2.9M | $3.9M | $17.3M | $684K | — | View 990 |
| 2015 | $5.8M | $4.6M | $17.5M | $693K | — | View 990 |
| 2014 | $3.6M | $4.0M | $17.2M | $963K | — | View 990 |
| 2013 | $5.1M | $3.7M | $16.1M | $1.0M | — | View 990 |
| 2012 | $4.2M | $2.6M | $14.0M | $1.2M | — | View 990 |
| 2011 | $1.8M | $2.4M | $11.7M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.9M, expenses of $9.6M, and assets of $27.4M (revenue +16.8% year-over-year).
- 2022: Revenue of $5.9M, expenses of $5.9M, and assets of $29.9M (revenue +78.6% year-over-year).
- 2021: Revenue of $3.3M, expenses of $4.7M, and assets of $29.6M (revenue -46.9% year-over-year).
- 2020: Revenue of $6.2M, expenses of $4.4M, and assets of $28.2M (revenue +17.2% year-over-year).
- 2019: Revenue of $5.3M, expenses of $4.6M, and assets of $25.0M (revenue -55.2% year-over-year).
- 2018: Revenue of $11.8M, expenses of $4.3M, and assets of $24.3M (revenue +215.9% year-over-year).
- 2017: Revenue of $3.7M, expenses of $5.3M, and assets of $16.6M (revenue +31.1% year-over-year).
- 2016: Revenue of $2.9M, expenses of $3.9M, and assets of $17.3M (revenue -50.9% year-over-year).
- 2015: Revenue of $5.8M, expenses of $4.6M, and assets of $17.5M (revenue +62.3% year-over-year).
- 2014: Revenue of $3.6M, expenses of $4.0M, and assets of $17.2M (revenue -29.6% year-over-year).
- 2013: Revenue of $5.1M, expenses of $3.7M, and assets of $16.1M (revenue +20.4% year-over-year).
- 2012: Revenue of $4.2M, expenses of $2.6M, and assets of $14.0M (revenue +129.4% year-over-year).
- 2011: Revenue of $1.8M, expenses of $2.4M, and assets of $11.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Monroe Community College Foundation Inc:
Data Sources and Methodology
This transparency report for Monroe Community College 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.