657 Corporation
Nonprofit profile at a glance
- EIN
- 222659509
- IRS 990 coverage
- 2010–2011
- Forms available
- Form 990 2011
- Location
- Rochester, NY, USA
- Phone
- 5852714320
- Rating confidence
- Limited
- Sector
- Single Organization Support
Reported finances
- Revenue
- $0
- Expenses
- $0
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2011. Amounts in USD.
Leadership & pay
4 people listed
Source: IRS Form 990. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Administer and maintain real estate for the rochester museum & science center.
What it reported doing in 2011
The corporation has redeemed the bonds on behalf of the city of rochester for the renovation and expansion of bausch hall, a building owned by the city of rochester and leased to and operated by the rochester museum & science center. The building and the refinanced debt have been transferred to the rochester museum & science center during 2011 and the corporation terminated all activities during the year ended december 31, 2011.subsequently, the 657 corporation filed documents to dissolve the corporation and this was effective on july 10, 2012.
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 86
- Accountability: 88
- Sustainability: NotEnoughData
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 85.7%; rating input score 86; 5th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: -200% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 4 of 4 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 6 of 7 current checks pass · 1 finding to review
- Schedules: 5 filed schedules
- Filing history: 2 filing years from 2010 to 2011
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Asset growth scored 0/100.
- Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.