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ONE ROC INC

ROCHESTER, NY · EIN 834392577 · Form 990 · FY2024 · NTEE S41 · Community Improvement · Medium ($1M-$10M) · oneroc.com
revenue
$2.1M
expenses
$1.8M
net assets
$669K
employees
0
mission · from form 990

ONE ROC, INC. WAS ORGANIZED TO ACCELERATE ECONOMIC GROWTH IN THE GREATER ROCHESTER, NEW YORK REGION.

profile · synthesized from sources

ONE ROC INC is an economic development organization focused on accelerating growth in the Greater Rochester, New York region. It leads regional initiatives in technology innovation, talent attraction, downtown revitalization, and entrepreneurial ecosystem building. The organization acts as a convener and coordinator of public-private partnerships to drive investment, job creation, and community wealth-building.

named programs · 5 · from sources

What they call their work

Downtown Growth & Innovation
Investing in downtown revitalization through the Rochester Downtown Development Corporation, including placemaking, vacancy reduction, and event programming.
Entrepreneurial Ecosystem Accelerator
Coordinating regional efforts to strengthen startup support organizations, close the early-stage capital gap, and build a more inclusive and connected entrepreneurial ecosystem in Western New York.
Greater ROC Talent Strategy
Regional initiatives including Greater ROC Relocate, GreaterROC Careers, and RETAIN to attract and retain skilled workers and college graduates in the Greater Rochester region.
NY SMART I-Corridor Tech Hub
Convening and coordinating a regional semiconductor technology hub across Rochester, Buffalo, and Syracuse, focused on building a world-class microelectronics ecosystem and leveraging federal CHIPS Act funding.
Regional Revitalization Partnership (RRP)
A $300 million public-private co-investment initiative focused on commercial corridor revitalization, placemaking, and workforce development in Rochester, Buffalo, and Niagara Falls.
activities · 4 groups

What they do

  • Regional Economic Development Initiatives 2 activities
    • Accelerating regional economic growth in Greater Rochester
      Works to accelerate economic growth in the Greater Rochester, NY region through strategic coordination, project facilitation, and support for business, talent, and innovation initiatives.
    • Coordinating regional revitalization and innovation partnerships
      Serves as the regional intermediary and lead convener for major public-private partnerships including the Regional Revitalization Partnership and the NY SMART I-Corridor Tech Hub, coordinating investments, governance, and implementation of transformational projects across sectors and jurisdictions.
  • Global Sustainability Convenings & Forums 1 activity
    • Advancing advocacy and regional branding campaigns
      Participates in high-level summits and leads regional branding initiatives, achieving significant public engagement and measurable improvements in regional perception, including a campaign that generated 73.7 million impressions and improved Net Promoter Score by 10 points in-region.
  • Community Foundation & United Way Support 1 activity
    • Funding regional economic development initiatives through partner organizations
      Commits millions of dollars annually to targeted initiatives via partner organizations to advance regional growth, talent development, downtown Rochester revitalization, and regional branding efforts.
  • Podcast and Radio Production 1 activity
    • Producing and hosting the Accelerate Greater podcast
      Produces and hosts the Accelerate Greater podcast, a series featuring conversations with regional leaders on topics such as downtown development, tourism, talent challenges, and local economic initiatives like the Greenwood Project.
financials · form 990 · fy2024
revenue
Total revenue$2.11M
Contributions & grants$2.09M99%
Program service revenue$00%
Investment income$24K1%
Other revenue$0
expenses
Total expenses$1.76M
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$0
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$1.21M
Cash$1.07M
Investments$0
Liabilities$540K
Net assets$669K
Liquid reserves7.3 mo
3 years on record · 2020–2024 · YoY revenue -14.3%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
JOSEPH STEFKO CEO 40 $164K
board members · 24
  • ALEX CASTRO — BOARD MEMBER
  • ANDREW GALLINA — BOARD MEMBER
  • BRIAN PINCELLI — BOARD MEMBER
  • CHIP DAVIS — BOARD MEMBER
  • DANIEL BURNS — BOARD MEMBER
  • DAVID MUNSON — BOARD MEMBER
  • DAVID RIEDMAN — BOARD MEMBER
  • DR SEANELLE HAWKINS — BOARD MEMBER
  • ERIN TOLEFREE — BOARD MEMBER
  • FAHEEM MASOOD — BOARD MEMBER
  • HON ADAM BELLO — BOARD MEMBER
  • HON JOSEPH MORELLE — BOARD MEMBER
  • HON MALIK EVANS — BOARD MEMBER
  • HOWARD KONAR — BOARD MEMBER
  • JAMES GOULD — BOARD MEMBER
  • JAMES REED — BOARD MEMBER
  • JIM BOURDEAU — BOARD MEMBER
  • JOSEPH SAYRE — BOARD MEMBER
  • JOSEPH WESLEY — BOARD MEMBER
  • KEN MARVALD — BOARD MEMBER
  • MARTIN BIRMINGHAM — BOARD MEMBER
  • MARTIN MUCCI — BOARD MEMBER
  • ROBERT S SANDS — CHAIR
  • RUFUS JUDSON — BOARD MEMBER
relationships · 57

Who they work with

  • Baldwin Richardson Foods Partner — Board member Erin Tolefree represents Baldwin Richardson Foods
  • CDC of Upstate New York Inc. Partner — Board member Kenneth Marvald represents CDC of Upstate New York Inc.
  • Center for Regional Strategies Partner — Lead organization for RRP program implementation, partnering with OneROC in regional revitalization efforts.
  • City of Rochester Government — Jointly issued a proclamation with OneROC recognizing Rob Sands' contributions
  • Connected Communities Partner — Collaborates with OneROC on regional economic development initiatives, including the RRP Summit.
  • Connected Communities Partner — Collaborates with OneROC on the Greenwood Project and regional economic development initiatives.
  • Connected Communities Partner — Collaborates with OneROC on the Greenwood Project to advance neighborhood economic development in Rochester.
  • Constellation Brands Partner — Board member Garth Hankinson represents Constellation Brands
  • ESL Funder — Supporter of the Regional Revitalization Partnership.
  • Empire State Development Government — Collaborating agency in the development of the Regional Revitalization Partnership.
  • Excellus BlueCross BlueShield Partner — Board member James Reed represents Excellus BlueCross BlueShield
  • Five Star Bank Funder — Supporter of the Regional Revitalization Partnership.
  • Five Star Bank Partner — Board member Martin Birmingham represents Five Star Bank
  • GRE Partner — Collaborates with GRE on regional project pipelines and economic development efforts highlighted in the podcast.
  • Greater ROC Partner — Regional place brand and marketing initiative supported through investments to promote the region for business and talent attraction.
  • Greater Rochester Chamber Partner — Engages with the Greater Rochester Chamber to address regional talent challenges through the podcast series.
  • Greater Rochester Chamber of Commerce Partner — Board member Faheem Masood serves as Treasurer and Chair of Greater Rochester Chamber of Commerce
  • Greater Rochester Chamber of Commerce Partner — Lead Alliance partner for talent strategy; receives investments to advance regional talent attraction and retention programs.
  • Greater Rochester Enterprise Partner — Board member Bill Goodrich serves as Chair of Greater Rochester Enterprise
  • Greater Rochester Enterprise Partner — Lead Alliance partner for business attraction; receives investments to expand regional business growth capacity.
  • KeyBank/First Niagara Foundation Funder — Supporter of the Regional Revitalization Partnership.
  • LeChase Construction Partner — Board member William (Will) Mack represents LeChase Construction
  • M&T Bank Funder — Supporter of the Regional Revitalization Partnership.
  • M&T Bank Partner — Board member Dan Burns represents M&T Bank on the Board of Directors
  • Max and Marian Farash Charitable Foundation Funder — Supporter of the Regional Revitalization Partnership.
  • Monroe County Government — Jointly issued a proclamation with OneROC recognizing Rob Sands' contributions
  • Monroe County Partner — Partner in the RETAIN program, providing incentive grants and professional development to recent college graduates starting careers in the region.
  • NBT Bank Funder — Supporter of the Regional Revitalization Partnership.
  • NY SMART I-Corridor Partner — Co-led the NY SMART I-Corridor Tech Hub consortium with partners across Rochester, Buffalo, and Syracuse.
  • NextCorps Partner — Supported the programmatic and physical expansion of NextCorps, the region’s largest startup incubator and business accelerator.
+ 27 more
strategies · 4

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.