Civic Intelligence

Rochester Area Foundation

990T • Fiscal year 2022 • EIN 41-6017740

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

Organization ProfileWWW.ROCHESTERAREA.ORG
12 Elton Hills Drive NWRochester, MN 55901

(507) 282-0203

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

-

No earlier filing loaded for comparison.

Net Assets

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No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses

Revenue

-

No earlier filing loaded for comparison.

Expenses

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No earlier filing loaded for comparison.

Net Income

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No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2011: $25,181,232Liabilities 2011: $1,478,731Net Assets 2011: $23,702,5012011Assets 2012: $26,687,629Liabilities 2012: $1,367,792Net Assets 2012: $25,319,8372012Assets 2013: $29,152,594Liabilities 2013: $1,305,254Net Assets 2013: $27,847,3402013Assets 2014: $29,674,862Liabilities 2014: $1,303,064Net Assets 2014: $28,371,7982014Assets 2015: $28,484,358Liabilities 2015: $1,536,749Net Assets 2015: $26,947,6092015Assets 2016: $30,922,604Liabilities 2016: $2,314,396Net Assets 2016: $28,608,2082016Assets 2017: $34,088,271Liabilities 2017: $2,312,857Net Assets 2017: $31,775,4142017Assets 2018: $33,233,432Liabilities 2018: $2,423,750Net Assets 2018: $30,809,6822018Assets 2019: $38,103,860Liabilities 2019: $2,207,297Net Assets 2019: $35,896,5632019Assets 2020: $40,010,430Liabilities 2020: $1,891,442Net Assets 2020: $38,118,9882020Assets 2021: $45,116,721Liabilities 2021: $1,752,240Net Assets 2021: $43,364,4812021Assets 2022: $45,883,774Liabilities 2022: $1,063,097Net Assets 2022: $44,820,6772022Assets 2023: $61,087,038Liabilities 2023: $3,285,807Net Assets 2023: $57,801,2312023Assets 2024: $68,327,174Liabilities 2024: $5,114,905Net Assets 2024: $63,212,2692024

Latest loaded filing

2024

Assets$68,327,174
Liabilities$5,114,905
Net Assets$63,212,269
Open 2024 Filing

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2011: $2,064,4802011Expenses 2012: $2,485,0452012Revenue 2013: $4,117,319Expenses 2013: $1,870,115Net Income 2013: $2,247,2042013Revenue 2014: $3,491,258Expenses 2014: $3,076,378Net Income 2014: $414,8802014Revenue 2015: $3,968,172Expenses 2015: $3,511,310Net Income 2015: $456,8622015Revenue 2016: $3,261,706Expenses 2016: $2,533,366Net Income 2016: $728,3402016Revenue 2017: $3,155,428Expenses 2017: $3,551,915Net Income 2017: -$396,4872017Revenue 2018: $5,487,286Expenses 2018: $4,062,599Net Income 2018: $1,424,6872018Revenue 2019: $8,835,070Expenses 2019: $3,876,925Net Income 2019: $4,958,1452019Revenue 2020: $8,656,139Expenses 2020: $6,478,100Net Income 2020: $2,178,0392020Revenue 2021: $11,703,419Expenses 2021: $6,515,333Net Income 2021: $5,188,0862021Revenue 2022: $8,020,869Expenses 2022: $6,828,566Net Income 2022: $1,192,3032022Revenue 2023: $15,867,977Expenses 2023: $6,383,555Net Income 2023: $9,484,4222023Revenue 2024: $11,130,008Expenses 2024: $8,850,518Net Income 2024: $2,279,4902024

Latest loaded filing

2024

Revenue$11,130,008
Expenses$8,850,518
Net Income$2,279,490
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v7.0
Mission and Program Overview

Mission

Building and enhancing the quality of life in the greater rochester area through philanthropic leadership and community partnerships.

Filing and Contact Details

Filer

Filer Name
Rochester Area Foundation
EIN
41-6017740
Phone
5072820203
Address
12 ELTON HILLS DRIVE NW, ROCHESTER, MN 55901

Signing Officer

Name
Jennifer Woodford
Title
President
Phone
5072820203
Signed
2023-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Rsm US Llp
Address
227 WEST FIRST STREET SUITE 700, DULUTH, MN 55802
Preparer
Julie Boyer
Phone
2187275025
Raw XML Appendix113 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS1120ScheduleD/CapitalGainNetIncomeAmt01338
IRS1120ScheduleD/Form4797GainOrLossAmt01336
IRS1120ScheduleD/NetCapitalGainAmt01338
IRS1120ScheduleD/NetLTCapitalGainOrLossAmt01338
IRS1120ScheduleD/TotalLTCGL1099BNotReceivedGrp/TotalGainOrLossAmt02
IRS8949/LongTermCapitalGainAndLossGrp/CapitalGainAndLossAssetGrp/GainOrLossAmt02
IRS8949/LongTermCapitalGainAndLossGrp/CapitalGainAndLossAssetGrp/PropertyDesc0Q-BLK REAL ASSETS II (PARALLEL) LP
IRS8949/LongTermCapitalGainAndLossGrp/TotalGainOrLossAmt02
IRS8949/LongTermCapitalGainAndLossGrp/TransactionsNotRptedOn1099BInd0X
IRS990T/BooksInCareOfDetail/PersonNm0JENNIFER WOODFORD
IRS990T/BooksInCareOfDetail/PhoneNum05072820203
IRS990T/BooksInCareOfDetail/USAddress/AddressLine1Txt012 ELTON HILLS DRIVE NW
IRS990T/BooksInCareOfDetail/USAddress/CityNm0ROCHESTER
IRS990T/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990T/BooksInCareOfDetail/USAddress/ZIPCd055901
IRS990T/BookValueAssetsEOYAmt045883774
IRS990T/ChangeInMethodOfAccountingInd00
IRS990T/CharitableContributionsDedAmt00
IRS990T/ForeignAccountsQuestionInd00
IRS990T/ForeignTrustQuestionInd00
IRS990T/Form990TScheduleAAttachedCnt01
IRS990T/ItmzdSupplementalInfoGrp/ExplanationTxt0CHANGE IN BUSINESS ACTIVITY CODE:1) CODE USED IN PRIOR TAX YEAR: 5300002) CODE USED THIS YEAR: 9011013) IN THE PRIOR TAX YEAR, THE BUSINESS CODE OF 530000 FOR REAL ESTATE AND RENTAL AND LEASING WAS ASSIGNED TO THIS UNRELATED BUSINESS ACTIVITY. HOWEVER, IT WAS DETERMINED THAT THE BUSINESS CODE 901101 FOR DEBT-FINANCED INCOME IS MORE APPROPRIATE AS THIS ACTIVITY INCLUDES INCOME FROM DEBT-FINANCED PROPERTY.
IRS990T/ItmzdSupplementalInfoGrp/LineNum0C
IRS990T/ItmzdSupplementalInfoGrp/PartNum0SCHEDULE A
IRS990T/Organization501cCorporationInd0X
IRS990T/Organization501IndicatorGrp/Organization501cTypeTxt0c3
IRS990T/Organization501IndicatorGrp/Organization501Ind0X
IRS990T/PaidTaxLiabilityAmt00
IRS990T/Post2017NOLCarryoverGrp/AvlblPost2017NOLCarryoverAmt070171
IRS990T/Post2017NOLCarryoverGrp/PrincipalBusinessActivityCd0901101
IRS990TScheduleA/CapitalGainNetIncomeAmt01338
IRS990TScheduleA/NetOperatingLossDeductionAmt00
IRS990TScheduleA/NetUnrelatedDebtFincdIncmAmt0-13977
IRS990TScheduleA/PrincipalBusinessActivityCd0901101
IRS990TScheduleA/SequenceReferenceNum01
IRS990TScheduleA/SequenceTotalNum01
IRS990TScheduleA/TotalAllocableDeductionsAmt016575
IRS990TScheduleA/TotalCtrlOrgDeductionAmt00
IRS990TScheduleA/TotalCtrlOrgPymtGrossIncmAmt00
IRS990TScheduleA/TotalDeductionsAmt00
IRS990TScheduleA/TotalDeductionSetAsidesAmt00
IRS990TScheduleA/TotalDirectAdvertisingCostAmt00
IRS990TScheduleA/TotalDividendsReceivedDedAmt00
IRS990TScheduleA/TotalGrossAdvertisingIncomeAmt00
IRS990TScheduleA/TotalGrossDebtFinancedIncmAmt02598
IRS990TScheduleA/TotalInvestmentIncomeAmt00
IRS990TScheduleA/TotalPrtshpSCorpIncomeAmt07784
IRS990TScheduleA/TotalRentDeductionsAmt00
IRS990TScheduleA/TotalRentIncomeAmt00
IRS990TScheduleA/TotalUnrelatedBusinessCompAmt00
IRS990TScheduleA/TotExcessReadershipCostsDedAmt00
IRS990TScheduleA/TotNetUnrltTrdBusIncmAmt0-4855
IRS990TScheduleA/TotUnrltTrdBusIncmAmt011720
IRS990TScheduleA/TotUnrltTrdBusIncmExpnssAmt016575
IRS990TScheduleA/TradeOrBusinessDesc0DEBT FINANCED RENTAL INCOME AND INVESTMENT IN PASSTHROUGHS
IRS990TScheduleA/UBIBeforeNOLDedAmt0-4855
IRS990TScheduleA/UnrelatedBusinessTaxblIncmAmt0-4855
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/AllocableDeductionAmt016575
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/AverageAcquisitionAdjBasisPct00.40635
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/AverageAcquisitionDebtAmt0497050
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/AverageAdjustedBasisAmt01223217
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/GrossIncomeAmt06393
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/GrossIncomeReportableAmt02598
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/OtherDebtFinancedDeductionAmt03916
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/StraightLineDepreciationDedAmt036874
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/TotalDebtFinancedDeductionAmt040790
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/USAddress/AddressLine1Txt012 ELTON HILLS DRIVE
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/USAddress/CityNm0ROCHESTER
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/USAddress/StateAbbreviationCd0MN
IRS990TScheduleA/UnrelatedDebtFinancedPropGrp/USAddress/ZIPCd055901
IRS990T/SpecificDeductionAmt01000
IRS990T/SubsidiaryCorporationInd00
IRS990T/TaxableCorporationAmt00
IRS990T/TaxLessCreditsAmt00
IRS990T/TotalDeductionAmt01000
IRS990T/TotalTaxAmt00
IRS990T/TotalTaxComputationAmt00
IRS990T/TotalUBTIAmt00
IRS990T/TotalUBTIComputedAmt00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JENNIFER WOODFORD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05072820203
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ROCHESTER AREA FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0ROCH
ReturnHeader/Filer/EIN0416017740
ReturnHeader/Filer/PhoneNum05072820203
ReturnHeader/Filer/USAddress/AddressLine1Txt012 ELTON HILLS DRIVE NW
ReturnHeader/Filer/USAddress/CityNm0ROCHESTER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055901
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0420714325
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RSM US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0227 WEST FIRST STREET SUITE 700
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DULUTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055802
ReturnHeader/PreparerPersonGrp/PhoneNum02187275025
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JULIE BOYER
ReturnHeader/ReturnTs02023-11-15T10:29:04-06:00
ReturnHeader/ReturnTypeCd0990T
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JENNIFER
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WOODFORD
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990TFacts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
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Liabilities
-
Net assets
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Revenue
-
Expenses
-
Net income
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Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$68.3$5.11$63.2$11.1$8.85$2.28
2023Summary only. Only limited summary data is available for this year.$61.1$3.29$57.8$15.9$6.38$9.48
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.9$1.06$44.8$8.02$6.83$1.19
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.1$1.75$43.4$11.7$6.52$5.19
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$40.0$1.89$38.1$8.66$6.48$2.18
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.1$2.21$35.9$8.84$3.88$4.96
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.2$2.42$30.8$5.49$4.06$1.42
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.1$2.31$31.8$3.16$3.55$0.40
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.9$2.31$28.6$3.26$2.53$0.73
2015Detailed filing. Detailed filing data is available for this year.$28.5$1.54$26.9$3.97$3.51$0.46
2014Detailed filing. Detailed filing data is available for this year.$29.7$1.30$28.4$3.49$3.08$0.41
2013Detailed filing. Detailed filing data is available for this year.$29.2$1.31$27.8$4.12$1.87$2.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.7$1.37$25.3$2.49
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.2$1.48$23.7$2.06