The mission of the Foundation is to assist in providing monetary resources for the present and future enrichment of the Rome area Community.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $287K a year · 40% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
14 mo
of spending, in cash
Plus $6.0M in investments, Pt X · Ln 11–13
Looks good: 13.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $8K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$10K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$92K
Spent
$390K
To programs
81%
Net assets
$6.5M
By yearFY2020–FY2024
Revenue
$92K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$92K
FY2021$1.4M
FY2022$673K
FY2023$818K
FY2024$608K
Expenses
$390K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$390K
FY2021$423K
FY2022$373K
FY2023$454K
FY2024$554K
Net assets
$6.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$6.5M
FY2021$7.7M
FY2022$6.7M
FY2023$7.6M
FY2024$8.0M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

81 cents of each dollar spent went to programs.

Program services 81% · $316K Management & general 19% · $74K

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

21 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice President
$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 · $316K · in their own filed words · FY2020
01

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

$141Kprogram expense
02

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 roman catholic school.

$99Kprogram expense
03

Discretionary funds are provided in response to local community requests.

$75Kprogram 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
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
Rome Memorial Hospital INCNY · FY2024$20,000
Kelberman Center INCNY · FY2024$20,000
Zion Episcopal ChurchFY2024$14,000
Copper City CommunityNY · FY2024$12,042
Mercy Flight Central INCNY · FY2024$12,000
Sleep in Heavenly Peace INCID · FY2024$11,750
City of Rome Youth BaseballNY · FY2024$5,585
See all 84 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$92K
Ln 12
Gifts and grantsLn 1h$86K
Investment incomeLn 3$6K
Money outPt IX
$390K
Ln 25
Programscol B$316K
Managementcol C$74K
Owns and owesPt X
$6.5M
net assets · Ln 32
Cash and savingsLn 1–2$446K
Total assetsLn 16$6.5M
LiabilitiesLn 26$10K
PeoplePt VI, VII
21
listed · VII A
PaidVII A0
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$86K
Investment incomeLn 3$6K
Gains on assetsLn 7−$162K
Total revenueLn 12$92K
Assets in detailPt X, end of year
CashLn 1$44K
SavingsLn 2$403K
Cash and savings togetherLn 1–2$446K
InvestmentsLn 11–13$6.0M
Total assetsLn 16$6.5M
LiabilitiesLn 26$10K
Net assetsLn 32$6.5M
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
LineStart FY20End FY20
Cash and savingsLn 1–2$609K$446K
InvestmentsLn 11–13$5.8M$6.0M
Total assetsLn 16$6.4M$6.5M
LiabilitiesLn 26$10K$10K
Net assetsLn 32$6.4M$6.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$216K$216K
Grants to domestic individualsLn 2$99K$99K
Accounting feesLn 11c$18K$18K
Investment management feesLn 11f$29K$29K
Other fees for servicesLn 11g$275$275
Office expensesLn 13$6K$6K
Conferences, conventions and meetingsLn 19$253$253
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$19K$19K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$390K$316K$74K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $92K$390K−$298K$6.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $92,150 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $152,803$85,944
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $361,338$6,206
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $514,141$92,150
I-13 Grants and similar amounts paidPrior year $329,834$315,655
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 $86,735$74,367
I-18 Total expensesPrior year $416,569$390,022
I-19 Revenue less expensesPrior year $97,572−$297,872
Part VI · Governance 21 of 21 board members independent, 4 to look at
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
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 $92,150 across 5 lines filed
VIII-1f All other contributions, gifts and grants$85,944
VIII-1h Total contributions, gifts and grants$85,944
VIII-3 Investment incomeExcluded from tax $168,545$168,545
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$162,339−$162,339
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $6,206$92,150
Part IX · Statement of functional expenses $390,022 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $216,280$216,280
IX-2 Grants to domestic individualsPrograms $99,375$99,375
IX-11c Accounting feesManagement $17,770$17,770
IX-11f Investment management feesManagement $29,446$29,446
IX-11g Other fees for servicesManagement $275$275
IX-13 Office expensesManagement $5,599$5,599
IX-19 Conferences, conventions and meetingsManagement $253$253
IX-23 InsuranceManagement $1,101$1,101
IX-24 Other expenses (24a–d)Management $18,714$18,714
IX-24e All other expensesManagement $1,209$1,209
IX-25 Total functional expensesPrograms $315,655 · Management $74,367 · Fundraising $0$390,022
Part X · Balance sheet $6,460,773 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $42,390$43,635
X-2 Savings and temporary cash investmentsStart of year $566,145$402,582
X-11 Publicly traded securitiesStart of year $5,774,859$6,014,556
X-16 Total assetsStart of year $6,383,394$6,460,773
X-17 Accounts payable and accrued expensesStart of year $10,500$10,500
X-26 Total liabilitiesStart of year $10,500$10,500
X-27 Net assets without donor restrictionsStart of year $6,372,894$6,450,273
X-32 Total net assets or fund balancesStart of year $6,372,894$6,450,273
X-33 Total liabilities and net assetsStart of year $6,383,394$6,460,773
Part XI · Reconciliation of net assets $6,450,273 net assets at year end
XI-1 Total revenue$92,150
XI-2 Total expenses$390,022
XI-3 Revenue less expenses−$297,872
XI-4 Net assets at start of year$6,372,894
XI-5 Net unrealized gains (losses) on investments$375,251
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,450,273

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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