Rochester Arts & Sciences Academy Foundation
Rochester Arts & Sciences Academy Foundation shows consistent revenue growth and zero reported officer compensation over a decade.
EIN: 208201223 · Rochester, MN · NTEE: B24 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $2.8M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $1.2M |
| Transparency Score | 90/100 |
Is Rochester Arts & Sciences Academy Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rochester Arts & Sciences Academy Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rochester Arts & Sciences Academy Foundation
Rochester Arts & Sciences Academy Foundation (EIN: 208201223) is a nonprofit organization based in Rochester, MN, classified under NTEE code B24. The organization reported total revenue of $3.6M and total assets of $6.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rochester Arts & Sciences Academy Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rochester Arts & Sciences Academy Foundation is a mid-size nonprofit that has been operating for 18 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 18.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.1M |
| Total Expenses | $2.8M |
| Surplus / Deficit | +$362K |
| Total Assets | $1.4M |
| Total Liabilities | $122K |
| Net Assets | $1.2M |
| Operating Margin | 11.5% |
| Debt-to-Asset Ratio | 9.0% |
| Months of Reserves | 5.8 months |
Financial Health Grade: A
In 2023, Rochester Arts & Sciences Academy Foundation reported a surplus of $362K with revenue exceeding expenses, holds 5.8 months of operating reserves (adequate), has a debt-to-asset ratio of 9.0% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Rochester Arts & Sciences Academy Foundation's revenue has grown at a compound annual growth rate (CAGR) of 18.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +43.0% | +48.9% | +32.6% |
| 2022 | +31.9% | +34.1% | +64.5% |
| 2021 | +26.3% | +3.8% | +25.8% |
| 2020 | +17.4% | +15.0% | +33.1% |
| 2019 | +11.4% | +11.8% | -7.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
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 Rochester Arts & Sciences Academy Foundation 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, Rochester Arts & Sciences Academy Foundation 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $362K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 12 filings, indicating that its leadership is either entirely volunteer or compensated through non-officer categories, which is highly unusual for an organization with over $3 million in annual revenue and suggests a strong commitment to directing funds towards its 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 Rochester Arts & Sciences Academy Foundation's IRS 990 filings:
- Lack of detailed spending breakdown in summary data
- Unusually low (0%) reported officer compensation may warrant further investigation into how leadership is supported or structured.
Strengths
The following positive indicators were identified for Rochester Arts & Sciences Academy Foundation:
- Consistent and significant revenue growth over a decade, from $581,109 in 2014 to $3,147,121 in 2023.
- Strong asset growth, reaching $1,353,309 in 2023, indicating financial stability.
- Expenses consistently below revenue, allowing for asset accumulation (e.g., $2,784,983 expenses vs. $3,147,121 revenue in 2023).
- Zero reported officer compensation across all 12 filings, suggesting high efficiency in leadership compensation.
- Consistent IRS 990 filing history demonstrates transparency and compliance.
Frequently Asked Questions about Rochester Arts & Sciences Academy Foundation
Is Rochester Arts & Sciences Academy Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Rochester Arts & Sciences Academy Foundation (EIN: 208201223) some concerns. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
How does Rochester Arts & Sciences Academy Foundation spend its money?
Rochester Arts & Sciences Academy Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rochester Arts & Sciences Academy Foundation tax-deductible?
Rochester Arts & Sciences Academy Foundation is registered as a tax-exempt nonprofit (EIN: 208201223). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Rochester Arts & Sciences Academy Foundation CEO make?
Rochester Arts & Sciences Academy Foundation's highest-compensated officer earns $3 annually. The organization reported $3.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Rochester Arts & Sciences Academy Foundation's spending goes to programs?
Rochester Arts & Sciences Academy Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Rochester Arts & Sciences Academy Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Rochester Arts & Sciences Academy Foundation is above average for NTEE category B24 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rochester Arts & Sciences Academy Foundation located?
Rochester Arts & Sciences Academy Foundation is headquartered in Rochester, Minnesota and files with the IRS under EIN 208201223. It is classified under NTEE code B24.
How many years of IRS 990 filings does Rochester Arts & Sciences Academy Foundation have?
Rochester Arts & Sciences Academy Foundation has 12 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 $3.6M in total revenue.
How does the organization manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all 12 filings suggests that the organization's leadership may be entirely volunteer-based, or that compensation for key personnel is categorized differently within their financial statements (e.g., as program or administrative staff salaries rather than officer compensation).
What is the specific breakdown of program, administrative, and fundraising expenses?
While the provided data shows total revenue and expenses, a detailed breakdown of how much is spent specifically on programs, administration, and fundraising is not available in this summary. Further analysis of the full IRS 990 forms would be required to determine these specific percentages.
What is the primary source of the organization's significant revenue growth?
The provided data indicates consistent revenue growth from $581,109 in 2014 to $3,147,121 in 2023. To understand the primary sources (e.g., grants, donations, program service fees), a deeper dive into the organization's full IRS 990 filings would be necessary.
Filing History
IRS 990 filing history for Rochester Arts & Sciences Academy Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Rochester Arts & Sciences Academy Foundation's revenue has grown by 518%, moving from $509K to $3.1M. Total assets increased by 635.7% over the same period, from $184K to $1.4M. Total functional expenses rose by 624.2%, from $385K to $2.8M. In its most recent filing year (2023), Rochester Arts & Sciences Academy Foundation reported a surplus of $362K, with revenue exceeding expenses. The organization holds $122K in liabilities against $1.4M in assets (debt-to-asset ratio: 9.0%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.1M | $2.8M | $1.4M | $122K | — | View 990 |
| 2022 | $2.2M | $1.9M | $1.0M | $152K | — | View 990 |
| 2021 | $1.7M | $1.4M | $621K | $81K | — | — |
| 2020 | $1.3M | $1.3M | $493K | $227K | — | View 990 |
| 2019 | $1.1M | $1.2M | $370K | $81K | — | View 990 |
| 2018 | $1.0M | $1.0M | $399K | $68K | — | View 990 |
| 2017 | $960K | $891K | $422K | $55K | — | View 990 |
| 2016 | $895K | $822K | $356K | $59K | — | View 990 |
| 2015 | $632K | $645K | $226K | $2K | — | View 990 |
| 2014 | $581K | $539K | $239K | $2K | — | View 990 |
| 2013 | $493K | $478K | $197K | $0 | — | View 990 |
| 2012 | $509K | $385K | $184K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.1M, expenses of $2.8M, and assets of $1.4M (revenue +43.0% year-over-year).
- 2022: Revenue of $2.2M, expenses of $1.9M, and assets of $1.0M (revenue +31.9% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.4M, and assets of $621K (revenue +26.3% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.3M, and assets of $493K (revenue +17.4% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.2M, and assets of $370K (revenue +11.4% year-over-year).
- 2018: Revenue of $1.0M, expenses of $1.0M, and assets of $399K (revenue +5.2% year-over-year).
- 2017: Revenue of $960K, expenses of $891K, and assets of $422K (revenue +7.4% year-over-year).
- 2016: Revenue of $895K, expenses of $822K, and assets of $356K (revenue +41.5% year-over-year).
- 2015: Revenue of $632K, expenses of $645K, and assets of $226K (revenue +8.8% year-over-year).
- 2014: Revenue of $581K, expenses of $539K, and assets of $239K (revenue +17.9% year-over-year).
- 2013: Revenue of $493K, expenses of $478K, and assets of $197K (revenue -3.2% year-over-year).
- 2012: Revenue of $509K, expenses of $385K, and assets of $184K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rochester Arts & Sciences Academy Foundation:
Data Sources and Methodology
This transparency report for Rochester Arts & Sciences Academy Foundation 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.