Rome College Foundation: Nonprofit Profile, Financials & Form 990 (EIN 16-6072075)

Revenue by fiscal year
FY2020	$21K
FY2021	$88K
FY2022	$27K
FY2023	$30K
FY2024	$29K
FY2025	$33K

Expenses by fiscal year
FY2020	$29K
FY2021	$33K
FY2022	$31K
FY2023	$34K
FY2024	$45K
FY2025	$58K

Net assets by fiscal year
FY2020	$381K
FY2021	$436K
FY2022	$394K
FY2023	$402K
FY2024	$397K
FY2025	$398K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1967.

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

Where the money goes

80 cents of each dollar spent went to programs.

80%

20%

Program services 80% · $47K Management & general 20% · $11K

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

15 people listed on the 990.

Part VII, Section A · reportable compensation

Gale Barone

Trustee

$0Pt VII · Sec A

Suzanne Carvelli

President

$0Pt VII · Sec A

Andrew Cotronea

Trustee

$0Pt VII · Sec A

Jennifer Deweerth

Vice Preside

$0Pt VII · Sec A

Bruce Hairston

Secretary

$0Pt VII · Sec A

Pamela Havens

Trustee

$0Pt VII · Sec A

Dyana Herrig-O'neill

Trustee

$0Pt VII · Sec A

Michael Kimmel

Trustee

$0Pt VII · Sec A

See Rome College 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 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Improves educational opportunities for students in Rome, New York.

Provided by the organization

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1 program · $47K · in their own filed words · FY2025

01

The organization awards scholarships to outstanding students in the area and recognizes student and teacher merit. Awards in 2025 = 24

$47Kprogram 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

Sears Family Foundation Tr of Rome New YorkFY2024$5K

Hazen B Hinman SR Foundation INCFY2024$1K

Total grants receivedfrom 2 funders$6K

Grants paid · 6 grants · $155K · 2020–2025

Unitemized GrantFY2025$44,195

Unitemized GrantFY2024$26,750

Unitemized GrantFY2023$22,450

Unitemized GrantFY2022$21,350

Unitemized GrantFY2021$21,213

Unitemized GrantFY2020$18,850

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$33K

Ln 12

Gifts and grantsLn 1h$29K

Investment incomeLn 3$4K

Money outPt IX

$58K

Ln 25

Programscol B$47K

Managementcol C$11K

Owns and owesPt X

$398K

net assets · Ln 32

Cash and savingsLn 1–2$170K

Total assetsLn 16$398K

LiabilitiesLn 26$0

PeoplePt VI, VII

15

listed · VII A

PaidVII A0

Voting boardVI 1a8

IndependentVI 1b8

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$29K

Investment incomeLn 3$4K

Total revenueLn 12$33K

Assets in detailPt X, end of year

CashLn 1$8K

SavingsLn 2$162K

Cash and savings togetherLn 1–2$170K

InvestmentsLn 11–13$227K

Total assetsLn 16$398K

LiabilitiesLn 26$0

Net assetsLn 32$398K

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$169K	$170K
InvestmentsLn 11–13	$226K	$227K
Total assetsLn 16	$397K	$398K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$397K	$398K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$44K	$44K
Management feesLn 11a	$10K		$10K
Accounting feesLn 11c	$995		$995
Advertising and promotionLn 12	$2K	$2K
Other expenses (24a–d)Ln 24	$100		$100
Total functional expensesLn 25	$58K	$47K	$11K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$33K	$58K	−$25K	$398K	990 PDF
FY2024	$29K	$45K	−$16K	$397K	990 PDF
FY2023	$30K	$34K	−$4K	$402K	990 PDF
FY2022	$27K	$31K	−$4K	$394K	990 PDF
FY2021	$88K	$33K	$55K	$436K	990 PDF
FY2020	$21K	$29K	−$8K	$381K	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 FY2025 990 (6 parts)

Part I · Summary $32,935 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $22,297$29,338

I-9 Program service revenue$0

I-10 Investment incomePrior year $7,186$3,597

I-11 Other revenue$0

I-12 Total revenuePrior year $29,483$32,935

I-13 Grants and similar amounts paidPrior year $26,750$44,195

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $18,526$13,861

I-18 Total expensesPrior year $45,276$58,056

I-19 Revenue less expensesPrior year −$15,793−$25,121

Part VI · Governance 8 of 8 board members independent, 4 to look at

VI-1a Voting members of the governing body8

VI-1b Independent voting members8

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

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

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $32,935 across 4 lines filed

VIII-1f All other contributions, gifts and grants$29,338

VIII-1h Total contributions, gifts and grants$29,338

VIII-3 Investment incomeRelated to mission $3,597$3,597

VIII-12 Total revenueRelated to mission $3,597$32,935

Part IX · Statement of functional expenses $58,056 across 5 lines filed

IX-2 Grants to domestic individualsPrograms $44,195$44,195

IX-11a Management feesManagement $10,333$10,333

IX-11c Accounting feesManagement $995$995

IX-12 Advertising and promotionPrograms $2,433$2,433

IX-24 Other expenses (24a–d)Management $100$100

IX-25 Total functional expensesPrograms $46,628 · Management $11,428 · Fundraising $0$58,056

Part X · Balance sheet $398,092 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $12,098$8,085

X-2 Savings and temporary cash investmentsStart of year $156,697$162,176

X-9 Prepaid expenses and deferred chargesStart of year $1,933$525

X-11 Publicly traded securitiesStart of year $226,474$227,306

X-16 Total assetsStart of year $397,202$398,092

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $397,202$398,092

X-32 Total net assets or fund balancesStart of year $397,202$398,092

X-33 Total liabilities and net assetsStart of year $397,202$398,092

Part XI · Reconciliation of net assets $398,092 net assets at year end

XI-1 Total revenue$32,935

XI-2 Total expenses$58,056

XI-3 Revenue less expenses−$25,121

XI-4 Net assets at start of year$397,202

XI-5 Net unrealized gains (losses) on investments$26,011

XI-10 Net assets at end of year$398,092

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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Rome College 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

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV