Civic Intelligence

Rcn Foundation Inc.

990 • Fiscal year 2015 • EIN 22-3113479

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 10, 2016

941 South AvenueRochester, NY 14620

(585) 473-2858

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

8th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • NTEE P • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

8th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • NTEE P • $1M-$5M nonprofits • Source year 2015

Net Margin

11th percentile

-18%

Higher net margin than 11% of similar nonprofits.

2015 filings • NTEE P • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • NTEE P • $1M-$5M nonprofits • Source year 2015

Asset Growth

15th percentile

-9.5%

Faster asset growth than 15% of similar nonprofits.

2015 filings • NTEE P • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

86th percentile

30%

Faster revenue growth than 86% of similar nonprofits.

2015 filings • NTEE P • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$1,731,103

Down $181,872 (-9.5%) from 2014

Net Assets

Down

$1,731,103

Down $181,872 (-9.5%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Up

$335,829

Up $77,687 (+30%) from 2014

Expenses

Up

$394,847

Up $108,596 (+38%) from 2014

Net Income

Down

-$59,018

Down $30,909 (-110%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $2,202,902Liabilities 2010: $184,310Net Assets 2010: $2,018,5922010Assets 2011: $1,994,221Liabilities 2011: $43,550Net Assets 2011: $1,950,6712011Assets 2012: $1,855,026Liabilities 2012: $31,442Net Assets 2012: $1,823,5842012Assets 2013: $1,890,277Liabilities 2013: $18,575Net Assets 2013: $1,871,7022013Assets 2014: $1,912,975Liabilities 2014: $0Net Assets 2014: $1,912,9752014Assets 2015: $1,731,103Liabilities 2015: $0Net Assets 2015: $1,731,1032015Assets 2016: $1,652,748Liabilities 2016: $24,410Net Assets 2016: $1,628,3382016Assets 2017: $1,593,950Liabilities 2017: $17,500Net Assets 2017: $1,576,4502017Assets 2018: $1,951,175Liabilities 2018: $381,415Net Assets 2018: $1,569,7602018Assets 2019: $1,703,725Liabilities 2019: $130,104Net Assets 2019: $1,573,6212019Assets 2020: $1,732,083Liabilities 2020: $162,094Net Assets 2020: $1,569,9892020Assets 2021: $2,124,675Liabilities 2021: $337,807Net Assets 2021: $1,786,8682021Assets 2022: $1,882,557Liabilities 2022: $375,296Net Assets 2022: $1,507,2612022Assets 2023: $2,029,747Liabilities 2023: $467,044Net Assets 2023: $1,562,7032023Assets 2024: $2,855,858Liabilities 2024: $27,076Net Assets 2024: $2,828,7822024Assets 2025: $2,900,886Liabilities 2025: $55,826Net Assets 2025: $2,845,0602025

Highlighted filing

2015

Assets$1,731,103
Liabilities$0
Net Assets$1,731,103

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2010: $353,3232010Expenses 2011: $449,4532011Expenses 2012: $288,4682012Expenses 2013: $287,6722013Revenue 2014: $258,142Expenses 2014: $286,251Net Income 2014: -$28,1092014Revenue 2015: $335,829Expenses 2015: $394,847Net Income 2015: -$59,0182015Revenue 2016: $244,723Expenses 2016: $308,174Net Income 2016: -$63,4512016Revenue 2017: $247,814Expenses 2017: $371,502Net Income 2017: -$123,6882017Revenue 2018: $270,103Expenses 2018: $301,138Net Income 2018: -$31,0352018Revenue 2019: $295,204Expenses 2019: $288,754Net Income 2019: $6,4502019Revenue 2020: $270,544Expenses 2020: $280,937Net Income 2020: -$10,3932020Revenue 2021: $328,975Expenses 2021: $274,467Net Income 2021: $54,5082021Revenue 2022: $282,307Expenses 2022: $287,601Net Income 2022: -$5,2942022Revenue 2023: $216,617Expenses 2023: $286,058Net Income 2023: -$69,4412023Revenue 2024: $309,410Expenses 2024: $300,048Net Income 2024: $9,3622024Revenue 2025: $277,557Expenses 2025: $298,842Net Income 2025: -$21,2852025

Highlighted filing

2015

Revenue$335,829
Expenses$394,847
Net Income-$59,018
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 10, 2016
Return Version
2014v6.0
Gross Receipts
$880,563
Mission and Program Overview

Mission

Solicit, accept, receive, hold, invest, reinvest, and administer any gifts or contributions of cash or property on behalf of Rochester Childfirst Network.

Solicit, accept, receive, & administer contributions on behalf of Rochester Childfirst Network.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$983,947$929,365▼ $54,582
Investments in Publicly Traded Securities$928,257$801,587▼ $126,670
Savings and Temporary Cash Investments$656--
Cash and Non-Interest-Bearing Accounts$115$151▲ $36
Total Assets$1,912,975$1,731,103▼ $181,872
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,912,975$1,731,103▼ $181,872
Total Net Assets Fund Balance$1,912,975$1,731,103▼ $181,872
Total Liabilities and Net Assets / Fund Balance$1,912,975$1,731,103▼ $181,872

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$900,865$1,243,461$2,144,326
Equipment$0$82,088$82,088
Other Land Buildings$0$54,568$54,568
Land$28,500-$28,500
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$11,141
Program Service Revenue
$0
Investment Income
$134,949
Other Revenue
$189,739
All Other Contributions
$11,141
Change in Net Assets
$-59,018

Audited Revenue Reconciliation

Revenue per Audited Statements
$335,829
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-125,604
Total Revenue per Audited Statements
$210,225
Total Revenue per Form 990
$335,829
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$321,800
Other Expenses$73,047
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$321,800--$321,800
Depreciation Depletion$54,582--$54,582
Fees for Service Investment Mgmnt Fees-$13,049-$13,049
Fees for Services Other-$3,150-$3,150
Insurance-$2,016-$2,016
Other Expenses-$250-$250
Total Functional Expenses$376,382$18,465$0$394,847

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$394,847
Total Expenses per Audited Statements$394,847
Total Expenses per Form 990$394,847
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rochester Childfirst NetworkRochester, NY501(c)(3)Rent and cash subsidies.$321,800
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

Members of the Board (including CPAs) form a subcommittee and review the 990 draft with management prior to filing.

Form 990, Part VI, Section B, line 12C

The Organization distributes and has the Board complete Conflict of Interest forms annually. To date, there have been no conflicts or issues; if there were any, the Board would review and consider them, and discuss further with the particular board member to rectify any conflict.

Form 990, Part VI, Section C, line 19

The governing documents, conflict of interest policy, and financial statements are available upon request, provided in hardcopy or pdf format.

Filing and Contact Details

Filer

Filer Name
RCN Foundation Inc
EIN
22-3113479
Phone
5854732858
Address
941 South Avenue, Rochester, NY 14620

Signing Officer

Name
David Veniskey
Title
President
Phone
5854732858
Signed
2016-02-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Veniskey
Formed
1990
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Heveron & Company CPAs PLLC
Address
260 Plymouth Avenue South, Rochester, NY 14608
Preparer
Stephanie Annunziata
Phone
5852322956
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0900865
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01243461
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02144326
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt082088
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt082088
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0394847
IRS990ScheduleD/LandGrp/BookValueAmt028500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt028500
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-125604
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt054568
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt054568
IRS990ScheduleD/RevenueNotReportedAmt0-125604
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0335829
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0929365
IRS990ScheduleD/TotalExpensesPerForm990Amt0394847
IRS990ScheduleD/TotalRevenuePerForm990Amt0335829
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0210225
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0394847
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0321800
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Rent and cash subsidies.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Rochester Childfirst Network
IRS990ScheduleI/RecipientTable/RecipientEIN0160743129
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0941 South Avenue
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Rochester
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd014620
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Rochester Childfirst Network, the recipient of the grant, is a related organization to RCN Foundation. The organizations, therefore, share a common Executive Director and multiple Board Members. Any use of the grant by Rochester Childfirst Network would be closely monitored by RCN Foundation through the common members.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Members of the Board (including CPAs) form a subcommittee and review the 990 draft with management prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization distributes and has the Board complete Conflict of Interest forms annually. To date, there have been no conflicts or issues; if there were any, the Board would review and consider them, and discuss further with the particular board member to rectify any conflict.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The governing documents, conflict of interest policy, and financial statements are available upon request, provided in hardcopy or pdf format.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Rochester Childfirst Network
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0160743129
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Child care and early education for over 2,500 children
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0941 South Avenue
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Rochester
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd014620
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0135656
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1186144
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Need of the Organization
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1Lease Agreement
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Rochester Childfirst Network
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1Rochester Childfirst Network
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1J
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01912975
IRS990/TotalAssetsEOYAmt01731103
IRS990/TotalAssetsGrp/BOYAmt01912975
IRS990/TotalAssetsGrp/EOYAmt01731103
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt011141
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt018465
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0376382
IRS990/TotalFunctionalExpensesGrp/TotalAmt0394847
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01912975
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01731103
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0376382
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0321093
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03595
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0335829
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01912975
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01731103
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01912975
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01731103
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0941 South Avenue
IRS990/USAddress/CityNm0Rochester
IRS990/USAddress/StateAbbreviationCd0NY

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.90$0.06$2.85$0.28$0.30$0.02
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.86$0.03$2.83$0.31$0.30$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.03$0.47$1.56$0.22$0.29$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.88$0.38$1.51$0.28$0.29$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.12$0.34$1.79$0.33$0.27$0.05
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.73$0.16$1.57$0.27$0.28$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.70$0.13$1.57$0.30$0.29$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.95$0.38$1.57$0.27$0.30$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.59$0.02$1.58$0.25$0.37$0.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.65$0.02$1.63$0.24$0.31$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.73$0.00$1.73$0.34$0.39$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.91$0.00$1.91$0.26$0.29$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.89$0.02$1.87$0.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.86$0.03$1.82$0.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.99$0.04$1.95$0.45
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.20$0.18$2.02$0.35
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