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EIN 22-2559522

Rochester Economic Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Rochester
State
New York
Year formed
1983
Most recent tax filings
2023-09-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
Rochester Economic Development Corporation aims to create employment opportunities that can improve the quality and condition of life in Rochester, NY. The organization creates equitable neighborhood wealth for existing and new businesses through strategic economic development. Additionally, it seeks to reduce wealth disparities in middle income and poor neighborhoods by creating and supporting locally owned micro and small businesses as well as urban entrepreneurs.
Total revenues
$1,673,115
2023
Total expenses
$2,677,210
2023
Total assets
$13,306,580
2023
Num. employees
0
2023

Program areas at Rochester Economic Development Corporation

To reduce wealth disparities in middle income and poor Rochester neighborhoods by creating and supporting locally owned micro and small neighborhood businesses and urban entrepreneurs.

Grants made by Rochester Economic Development Corporation

GranteeGrant descriptionAmount
Consumer Credit Counseling Service of RochesterEntrepreneurial Support Program$46,739
Venture Jobs FoundationEntrepreneurial Support Program$46,739
Rochester Institute of Technology (RIT)Entrepreneurial Support Program$46,739
...and 5 more grants made

Who funds Rochester Economic Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Greater Rochester Health FoundationMatching Gift$500

Personnel at Rochester Economic Development Corporation

NameTitleCompensation
Baye MuhammadChief Executive Officer / President and Chair$0
Maria OliverActing Chief Financial Officer
Tracy L. WilliamsSenior Vice President of Business Development
Scott HollenbeckDirector of Marketing
Keith ClearyTreasurer$0
...and 4 more key personnel

Financials for Rochester Economic Development Corporation

RevenuesFYE 09/2023
Total grants, contributions, etc.$1,318,347
Program services$150,967
Investment income and dividends$190,045
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$13,539
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$217
Total revenues$1,673,115

Form 990s for Rochester Economic Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-092024-08-15990View PDF
2022-092023-07-03990View PDF
2021-092022-03-02990View PDF
2021-092022-02-15990View PDF
2020-092021-08-16990View PDF
...and 11 more Form 990s
Data update history
October 2, 2024
Updated personnel
Identified 3 new personnel
September 28, 2024
Posted financials
Added Form 990 for fiscal year 2023
September 25, 2023
Received grants
Identified 1 new grant, including a grant for $15,000 from National League of Cities Institute
August 24, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 21, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Grantmaking organizationsPublic sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Provides grantsFundraising eventsState / local levelReceives government fundingManagement and technical assistanceFundraising races, competitions, and tournamentsTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
250 Mill St 502
Rochester, NY 14614
Metro area
Rochester, NY
County
Monroe County, NY
Website URL
rocedc.org/ 
Phone
(585) 921-0500
IRS details
EIN
22-2559522
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1983
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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