Civic Intelligence

Roc2025 Inc

990 • Fiscal year 2020 • EIN 83-4392577

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 23, 2021

Organization ProfileWWW.ROC2025.ORG
100 Chestnut Street No 1910Rochester, NY 14604

(585) 263-1164

Siviq Scores

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

Liabilities / Assets

86th percentile

0.63x

Higher debt load relative to assets than 86% of similar nonprofits.

2020 filings • NTEE S • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

81st percentile

0.49x

Higher debt load relative to revenue than 81% of similar nonprofits.

2020 filings • NTEE S • $500k-$1M nonprofits • Source year 2020

Net Margin

79th percentile

27%

Higher net margin than 79% of similar nonprofits.

2020 filings • NTEE S • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

73rd percentile

$95,168

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 10.3% of source-year revenue.

2020 filings • NTEE S • $500k-$1M nonprofits • Source year 2020

Asset Growth

96th percentile

358%

Faster asset growth than 96% of similar nonprofits.

2020 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

99th percentile

1918%

Faster revenue growth than 99% of similar nonprofits.

2020 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$718,832

Up $561,946 (+358%) from 2019

Net Assets

Up

$264,523

Up $253,267 (+2250%) from 2019

Liabilities

Up

$454,309

Up $308,679 (+212%) from 2019

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin79th percentile

Revenue

Up

$925,000

Up $879,167 (+1918%) from 2019

Expenses

Up

$671,733

Up $637,156 (+1843%) from 2019

Net Income

Up

$253,267

Up $242,011 (+2150%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$1.5M$1.0M$500K$0Assets 2019: $156,886Liabilities 2019: $145,630Net Assets 2019: $11,2562019Assets 2020: $718,832Liabilities 2020: $454,309Net Assets 2020: $264,5232020Assets 2021: $893,553Liabilities 2021: $631,235Net Assets 2021: $262,3182021Assets 2022: $1,133,230Liabilities 2022: $763,385Net Assets 2022: $369,8452022Assets 2024: $1,209,415Liabilities 2024: $540,474Net Assets 2024: $668,9412024

Highlighted filing

2020

Assets$718,832
Liabilities$454,309
Net Assets$264,523
Open 2020 Filing

Operations Trend

Revenue Growth99th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2019: $45,833Expenses 2019: $34,577Net Income 2019: $11,2562019Revenue 2020: $925,000Expenses 2020: $671,733Net Income 2020: $253,2672020Revenue 2021: $1,386,831Expenses 2021: $1,389,036Net Income 2021: -$2,2052021Revenue 2022: $1,803,950Expenses 2022: $1,696,423Net Income 2022: $107,5272022Revenue 2024: $2,112,799Expenses 2024: $1,756,224Net Income 2024: $356,5752024

Highlighted filing

2020

Revenue$925,000
Expenses$671,733
Net Income$253,267
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 23, 2021
Return Version
2020v4.1
Gross Receipts
$925,000
Mission and Program Overview

Mission

The company's mission is to create new jobs, increase regional wealth, raise regional gdp and enhance opportunity; to invest in a world-class economic development ecosystem where incumbent businesses are thriving, new firms are locating, and the world's best talent is choosing to live.

Roc 2025, inc. Was organized to accelerate economic growth in the greater rochester, new york region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$145,208$647,861▲ $502,653
Accounts Receivable$8,333$66,667▲ $58,334
Land, Buildings, and Equipment, Net$0$959▲ $959
Total Assets$156,886$718,832▲ $561,946
Other Assets Total$3,345$3,345→ $0
Liabilities
Deferred Revenue$112,500$320,833▲ $208,333
Accounts Payable and Accrued Expenses$33,130$133,476▲ $100,346
Total Liabilities$145,630$454,309▲ $308,679
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$11,256$264,523▲ $253,267
Total Net Assets Fund Balance$11,256$264,523▲ $253,267
Total Liabilities and Net Assets / Fund Balance$156,886$718,832▲ $561,946

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$959$479$1,438
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joseph StefkoCEOFT$40,000$55,168$95,168

Board Members and Trustees

NameTitle
Robert S SandsChairman
Brian PincelliBoard Member
Christopher HillBoard Member
Daniel BurnsBoard Member
David DworkinBoard Member
David MunsonBoard Member
David RiedmanBoard Member
Eric BieberBoard Member
Erin TolefreeBoard Member
Faheem MasoodBoard Member
Hon Adam BelloBoard Member
Hon Lovely WarrenBoard Member
James GouldBoard Member
John SummersBoard Member
Joseph WesleyBoard Member
Martin MucciBoard Member
Rufus JudsonBoard Member
Sarah MangelsdorfBoard Member
Steven HydeBoard Member
Vincent EspositoBoard Member
Virginia ClarkBoard Member
William GoodrichBoard Member
William GuntherBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Dixon SchwablMarketing, Branding, Consultation1595 MOSELEY ROAD, Victor, NY 14564$552,604
Revenue and Support

Revenue Composition

Contributions and Grants
$925,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$253,267

Audited Revenue Reconciliation

Revenue per Audited Statements
$925,000
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$925,000
Total Revenue per Form 990
$925,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$671,733
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses---$553,413
Fees for Services Other---$117,841
Depreciation Depletion---$479
Total Functional Expenses$0$0$0$671,733

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$671,733
Total Expenses per Audited Statements$671,733
Total Expenses per Form 990$671,733
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
Yes
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 A, Line 6

“The organization has a tiered membership structure. The members of the organization elect the members of the governing body.”

Form 990, Part VI, Section A, Line 7A

“The organization has a tiered membership structure. The members of the organization elect the members of the governing body.”

Form 990, Part VI, Section B, Line 11B

“A copy of the final form 990 was provided electronically to the board of directors prior to filing with the irs.”

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

“Board members are required to provide written disclosure of all conflicts of interest, including specific information concerning the terms of any contract or transaction with the corporation. A director shall disclose prior to voting on or otherwise discharging his/her duties with respect to any matter involving the conflict which comes before the board. The board shall approve only those contracts or transactions in which the terms are fair and reasonable to the corporation and the arrangements are consistent with the best interests of the corporation.”

Form 990, Part VI, Section B, Line 15A

“The organization's board determined the ceo's compensation package upon hiring the ceo in 2019.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Roc2025 Inc
EIN
83-4392577
Phone
5852631164
Address
100 CHESTNUT STREET NO 1910, ROCHESTER, NY 14604

Signing Officer

Name
Joseph Stefko
Title
CEO
Phone
5852631164
Signed
2021-08-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Stefko
Formed
2019
Legal Domicile
Ny
Voting Board Members
20
Independent Board Members
23
Employees
0
Volunteers
23

Preparer

Firm
Bonadio & Co Llp
Address
171 SULLYS TRAIL, PITTSFORD, NY 14534
Preparer
Jeffrey Paille
Phone
5853811000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Outsourced administrative personnel costs 117,841.”

Form 990, Part XII, Line 2C

“The organization has not changed its oversight process or selection process during the tax year.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23CEO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02019
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt020
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0925000
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt023
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
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IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt0925000
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE COMPANY'S MISSION IS TO CREATE NEW JOBS, INCREASE REGIONAL WEALTH, RAISE REGIONAL GDP AND ENHANCE OPPORTUNITY; TO INVEST IN A WORLD-CLASS ECONOMIC DEVELOPMENT ECOSYSTEM WHERE INCUMBENT BUSINESSES ARE THRIVING, NEW FIRMS ARE LOCATING, AND THE WORLD'S BEST TALENT IS CHOOSING TO LIVE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt011256
IRS990/NetAssetsOrFundBalancesEOYAmt0264523
IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt03345
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MARKETING AND BRANDING
IRS990/OtherExpensesGrp/TotalAmt0553413
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JOSEPH STEFKO
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt045833
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/ReportLandBuildingEquipmentInd01
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IRS990/ReportProgramRelatedInvstInd00
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IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0479
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOSEPH STEFKO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0JOSEPH STEFKO IS THE ORGANIZATION'S CEO BUT HIS COMPENSATION IS PAID BY THE GREATER ROCHESTER CHAMBER OF COMMERCE AND THE ORGANIZATION REIMBURSES THE CHAMBER OF COMMERCE FOR THE GROSS COST OF MR. STEFKO'S SALARY AND BENEFITS RELATED TO HIS SERVICES TO THE ORGANIZATION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II LINE 1
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS A TIERED MEMBERSHIP STRUCTURE. THE MEMBERS OF THE ORGANIZATION ELECT THE MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS A TIERED MEMBERSHIP STRUCTURE. THE MEMBERS OF THE ORGANIZATION ELECT THE MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE FINAL FORM 990 WAS PROVIDED ELECTRONICALLY TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS ARE REQUIRED TO PROVIDE WRITTEN DISCLOSURE OF ALL CONFLICTS OF INTEREST, INCLUDING SPECIFIC INFORMATION CONCERNING THE TERMS OF ANY CONTRACT OR TRANSACTION WITH THE CORPORATION. A DIRECTOR SHALL DISCLOSE PRIOR TO VOTING ON OR OTHERWISE DISCHARGING HIS/HER DUTIES WITH RESPECT TO ANY MATTER INVOLVING THE CONFLICT WHICH COMES BEFORE THE BOARD. THE BOARD SHALL APPROVE ONLY THOSE CONTRACTS OR TRANSACTIONS IN WHICH THE TERMS ARE FAIR AND REASONABLE TO THE CORPORATION AND THE ARRANGEMENTS ARE CONSISTENT WITH THE BEST INTERESTS OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S BOARD DETERMINED THE CEO'S COMPENSATION PACKAGE UPON HIRING THE CEO IN 2019.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OUTSOURCED ADMINISTRATIVE PERSONNEL COSTS 117,841.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$718,832
Liabilities
$454,309
Net assets
$264,523
Revenue
$925,000
Expenses
$671,733
Net income
$253,267
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.54$0.67$2.11$1.76$0.36
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.76$0.37$1.80$1.70$0.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.89$0.63$0.26$1.39$1.39$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.72$0.45$0.26$0.93$0.67$0.25
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.15$0.01$0.05$0.03$0.01