Rome Community Foundation: Nonprofit Profile, Financials & Form 990 (EIN 16-1574338)

Revenue by fiscal year
FY2020	$92K
FY2021	$1.4M
FY2022	$673K
FY2023	$818K
FY2024	$608K

Expenses by fiscal year
FY2020	$390K
FY2021	$423K
FY2022	$373K
FY2023	$454K
FY2024	$554K

Net assets by fiscal year
FY2020	$6.5M
FY2021	$7.7M
FY2022	$6.7M
FY2023	$7.6M
FY2024	$8.0M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

86%

14%

Program services 86% · $477K Management & general 14% · $77K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990.

Part VII, Section A · reportable compensation

Robert Johnson

Director

$0Pt VII · Sec A

Deborah Twomey

Director

$0Pt VII · Sec A

Robert R Ritz

Treasurer

$0Pt VII · Sec A

Mark Hinman

Director

$0Pt VII · Sec A

Frank Diberardino III

Director

$0Pt VII · Sec A

Kirk Hinman

Director

$0Pt VII · Sec A

Lynn Rosen

Vice President

$0Pt VII · Sec A

J Kevin O'Shea

Director

$0Pt VII · Sec A

See Rome Community Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides money to improve the Rome area community now and in the future.

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Provided by the organization

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3 programs · $477K · in their own filed words · FY2024

01

Donor advised funds provide funding for a wide variety of local needs including capital projects at the ywca, rome churches and the library.

$274Kprogram expense

02

Discretionary funds are provided in response to local community requests.

$113Kprogram expense

03

Scholarships. The herbert dyett grant fund provides grants to graduates of rome high schools who are attending institutions of higher learning. The john della contrada scholarship fund provides scholarship to rome catholic school.

$90Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

Community Foundation of Herkimer and Oneida Counties INCFY2024$6K

Hazen B Hinman SR Foundation INCFY2024$1K

Patti and Rusty Rueff FoundationFY2024$250

Total grants receivedfrom 3 funders$8K

See all 3 funders →

Grants paid · 84 grants · $1.5M · 2020–2024

Unitemized GrantFY2024$90,000

Capital Civic Center INCNY · FY2024$34,000

Mvhs FoundationFY2024$31,433

Rome Cemetery Assn INCNY · FY2024$27,000

Mohawk Valley Community College Foundation INCNY · FY2024$25,000

Rome Memorial Hospital INCNY · FY2024$20,000

Kelberman Center INCNY · FY2024$20,000

Zion Episcopal ChurchFY2024$14,000

Rome Art and Community CenterNY · FY2024$13,000

Copper City CommunityNY · FY2024$12,042

Mercy Flight Central INCNY · FY2024$12,000

Sleep in Heavenly Peace INCID · FY2024$11,750

First Presbyterian Church of WestervilleNY · FY2024$8,971

New York District Kiwanis Foundation INCNY · FY2024$8,750

Hospice & Palliative Care INCNY · FY2024$8,600

Leatherstocking Council of the Boy Scouts of America INCNY · FY2024$7,725

Y W C A of the Mohawk ValleyNY · FY2024$6,500

City of Rome Youth BaseballNY · FY2024$5,585

See all 84 grants →

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$608K

Ln 12

Investment incomeLn 3$389K

Gifts and grantsLn 1h$218K

Money outPt IX

$554K

Ln 25

Programscol B$477K

Managementcol C$77K

Owns and owesPt X

$8.0M

net assets · Ln 32

Cash and savingsLn 1–2$587K

Total assetsLn 16$8.3M

LiabilitiesLn 26$260K

PeoplePt VI, VII

17

listed · VII A

PaidVII A0

Voting boardVI 1a17

IndependentVI 1b17

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$218K

Investment incomeLn 3$389K

Gains on assetsLn 7$160K

Total revenueLn 12$608K

Assets in detailPt X, end of year

CashLn 1$417K

SavingsLn 2$170K

Cash and savings togetherLn 1–2$587K

InvestmentsLn 11–13$7.7M

Total assetsLn 16$8.3M

LiabilitiesLn 26$260K

Net assetsLn 32$8.0M

OperationsPt I, VI

EmployeesI 50

VolunteersI 620

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$518K	$587K
InvestmentsLn 11–13	$7.1M	$7.7M
Total assetsLn 16	$7.6M	$8.3M
LiabilitiesLn 26	$10K	$260K
Net assetsLn 32	$7.6M	$8.0M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$387K	$387K
Grants to domestic individualsLn 2	$90K	$90K
Accounting feesLn 11c	$11K		$11K
Investment management feesLn 11f	$39K		$39K
Other fees for servicesLn 11g	$575		$575
Office expensesLn 13	$4K		$4K
Conferences, conventions and meetingsLn 19	$580		$580
InsuranceLn 23	$646		$646
Other expenses (24a–d)Ln 24	$20K		$20K
All other expensesLn 24e	$1K		$1K
Total functional expensesLn 25	$554K	$477K	$77K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$608K	$554K	$54K	$8.0M	990 PDF
FY2023	$818K	$454K	$364K	$7.6M	990 PDF
FY2022	$673K	$373K	$300K	$6.7M	990 PDF
FY2021	$1.4M	$423K	$1.0M	$7.7M	990 PDF
FY2020	$92K	$390K	−$298K	$6.5M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2024 990 (6 parts)

Part I · Summary $607,638 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $445,639$218,419

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $372,156$389,219

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $817,795$607,638

I-13 Grants and similar amounts paidPrior year $372,280$477,014

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $81,517$77,055

I-18 Total expensesPrior year $453,797$554,069

I-19 Revenue less expensesPrior year $363,998$53,569

Part VI · Governance 17 of 17 board members independent, 4 to look at

VI-1a Voting members of the governing body17

VI-1b Independent voting members17

VI-2 Family or business relationship among officers or directorsYes

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $607,638 across 5 lines filed

VIII-1f All other contributions, gifts and grants$218,419

VIII-1h Total contributions, gifts and grants$218,419

VIII-3 Investment incomeExcluded from tax $229,522$229,522

VIII-7 Net gain or loss on sales of assetsExcluded from tax $159,697$159,697

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $389,219$607,638

Part IX · Statement of functional expenses $554,069 across 10 lines filed

IX-1 Grants to domestic organizationsPrograms $387,014$387,014

IX-2 Grants to domestic individualsPrograms $90,000$90,000

IX-11c Accounting feesManagement $11,355$11,355

IX-11f Investment management feesManagement $38,804$38,804

IX-11g Other fees for servicesManagement $575$575

IX-13 Office expensesManagement $3,864$3,864

IX-19 Conferences, conventions and meetingsManagement $580$580

IX-23 InsuranceManagement $646$646

IX-24 Other expenses (24a–d)Management $20,114$20,114

IX-24e All other expensesManagement $1,117$1,117

IX-25 Total functional expensesPrograms $477,014 · Management $77,055 · Fundraising $0$554,069

Part X · Balance sheet $8,305,366 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $358,560$416,952

X-2 Savings and temporary cash investmentsStart of year $159,435$169,737

X-11 Publicly traded securitiesStart of year $7,064,510$7,718,677

X-16 Total assetsStart of year $7,582,505$8,305,366

X-17 Accounts payable and accrued expensesStart of year $10,500$10,500

X-19 Deferred revenue$250,000

X-26 Total liabilitiesStart of year $10,500$260,500

X-27 Net assets without donor restrictionsStart of year $7,572,005$7,885,863

X-28 Net assets with donor restrictions$159,003

X-32 Total net assets or fund balancesStart of year $7,572,005$8,044,866

X-33 Total liabilities and net assetsStart of year $7,582,505$8,305,366

Part XI · Reconciliation of net assets $8,044,866 net assets at year end

XI-1 Total revenue$607,638

XI-2 Total expenses$554,069

XI-3 Revenue less expenses$53,569

XI-4 Net assets at start of year$7,572,005

XI-5 Net unrealized gains (losses) on investments$419,292

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$8,044,866

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Rome Community Foundation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Rome Community Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV