Roc2025 INC FY2023 filing

Not tax-deductible

Rochester, NY501(c)(6)Since 2019Community Development EIN 83-4392577Revenue $2.5M in FY2023Latest return filed Aug 24, 2026

On file with the IRSoneroc.com250 Clinton Sq, 14604-1701 · Rochester, NYTax-exempt since Jul 2020

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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.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$142K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $146K a year · 8% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$142K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 4.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $200K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$744K
70% of total assets
Worth a look: liabilities are 70% of assets; over 65%.
Pt X · Ln 26
Independent board members
29
of 29 voting members
Looks good: 29 of 29 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.5M
+37% vs prior year
Spent
$2.5M
Net assets
$312K
By yearFY2020–FY2025
Revenue
$2.5M
FY2023▲ +37%
Tap a bar for its year
Revenue by fiscal year
FY2020$925K
FY2021$1.4M
FY2022$1.8M
FY2023$2.5M
FY2024$2.1M
FY2025$2.4M
Expenses
$2.5M
FY2023▲ +49%
Tap a bar for its year
Expenses by fiscal year
FY2020$672K
FY2021$1.4M
FY2022$1.7M
FY2023$2.5M
FY2024$1.8M
FY2025$2.2M
Net assets
$312K
FY2023▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2020$265K
FY2021$262K
FY2022$370K
FY2023$312K
FY2024$669K
FY2025$885K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2020.

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

Who runs it and what they're paid

34 people listed on the 990; $142K paid to officers and key staff.

Part VII, Section A · reportable compensation
$142,053Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Joseph Stefko’s $182K as CEO is at the 60th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Joseph Stefko$182,428$155,577$142,053$141,173$96,739$95,168

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Roc2025 INC executive salaries →

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 15aYes

Programs and updates

Accelerates economic growth in the greater Rochester, New York region.

Questions for Roc2025 INC

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1 program · in their own filed words · FY2023
01

ROC2025 assists its members and the broader region by making coordinated capacity-building investments that expand economic development horsepower, accelerate job creation, and increase economic vitality.

Pt IX · col B

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
Total grants receivedfrom 1 funder$200K
Grants paid · 1 grant · $229K · 2025–2025

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.5M
Ln 12
Gifts and grantsLn 1h$2.5M
Money outPt IX
$2.5M
Ln 25
Owns and owesPt X
$312K
net assets · Ln 32
Cash and savingsLn 1–2$853K
Total assetsLn 16$1.1M
LiabilitiesLn 26$744K
PeoplePt VI, VII
34
listed · VII A
PaidVII A1
Voting boardVI 1a29
IndependentVI 1b29
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.5M
Noncash giftsLn 1g$14K
Total revenueLn 12$2.5M
Assets in detailPt X, end of year
CashLn 1$853K
Cash and savings togetherLn 1–2$853K
Land, buildings, equipmentLn 10c$768
Other assetsLn 15$500
Total assetsLn 16$1.1M
LiabilitiesLn 26$744K
Net assetsLn 32$312K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY23End FY23
Cash and savingsLn 1–2$1.0M$853K
Land, buildings, equipmentLn 10c$1K$768
Total assetsLn 16$1.1M$1.1M
LiabilitiesLn 26$763K$744K
Net assetsLn 32$370K$312K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$66K
Advertising and promotionLn 12$1K
Conferences, conventions and meetingsLn 19$62K
Depreciation, depletion and amortizationLn 22$513
Other expenses (24a–d)Ln 24$2.4M
Total functional expensesLn 25$2.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Aug 24, 2026 $2.4M$2.2M$216K$885K 990 PDF
FY2024Filed with the IRS Oct 29, 2025 $2.1M$1.8M$357K$669K 990 PDF
FY2023 ViewingFiled with the IRS Oct 3, 2024 $2.5M$2.5M−$57K$312K 990 PDF
FY2022Filed with the IRS Oct 31, 2023 $1.8M$1.7M$108K$370K 990 PDF
FY2021Filed with the IRS Oct 25, 2022 $1.4M$1.4M−$2K$262K 990 PDF
FY2020Filed with the IRS Aug 23, 2021 $925K$672K$253K$265K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $2,466,105 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,803,950$2,466,105
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,803,950$2,466,105
I-13 Grants and similar amounts paidPrior year $0$0
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 $1,696,423$2,523,584
I-18 Total expensesPrior year $1,696,423$2,523,584
I-19 Revenue less expensesPrior year $107,527−$57,479
Part VI · Governance 29 of 29 board members independent, 2 to look at
VI-1a Voting members of the governing body29
VI-1b Independent voting members29
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,466,105 across 5 lines filed
VIII-1b Membership dues$1,566,886
VIII-1f All other contributions, gifts and grants$899,219
VIII-1g Noncash contributions (included above)$13,827
VIII-1h Total contributions, gifts and grants$2,466,105
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$2,466,105
Part IX · Statement of functional expenses $2,523,584 across 5 lines filed
IX-11a Management fees$65,829
IX-12 Advertising and promotion$1,177
IX-19 Conferences, conventions and meetings$62,445
IX-22 Depreciation, depletion and amortization$513
IX-24 Other expenses (24a–d)$2,393,620
IX-25 Total functional expenses$2,523,584
Part X · Balance sheet $1,056,394 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $1,042,626$853,069
X-4 Accounts receivableStart of year $58,333$202,057
X-10c Land, buildings and equipment, netStart of year $1,281$768
X-15 Other assetsStart of year $30,990$500
X-16 Total assetsStart of year $1,133,230$1,056,394
X-17 Accounts payable and accrued expensesStart of year $114,808$194,005
X-19 Deferred revenueStart of year $648,577$550,023
X-26 Total liabilitiesStart of year $763,385$744,028
X-27 Net assets without donor restrictionsStart of year $369,845$312,366
X-32 Total net assets or fund balancesStart of year $369,845$312,366
X-33 Total liabilities and net assetsStart of year $1,133,230$1,056,394
Part XI · Reconciliation of net assets $312,366 net assets at year end
XI-1 Total revenue$2,466,105
XI-2 Total expenses$2,523,584
XI-3 Revenue less expenses−$57,479
XI-4 Net assets at start of year$369,845
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$312,366

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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