Edward F Redies Foundation Inc
- Assets
- $3.8m
- Revenue
- $140.0k
- Investments
- $3.7m
- Employees
- 0
- Location
- Saline, MI
- Founding
- 09/1982
- Data as of
- 12/2023
- EIN
- 38-2391326
Organization Overview
Edward F Redies Foundation Inc is located in Saline, MI. The organization was established in 1982. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edward F Redies Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Edward F Redies Foundation Inc generated $140.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $318.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Edward F Redies Foundation Inc has awarded 310 individual grants totaling $2,232,699. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Redies President | 5 | $5,000 | |
Dennis Redies Director | 0 | $0 | |
Dennis Valenti Director | 0 | $0 | |
Joshua Redies Director | 0 | $0 | |
Kaitlyn Redies Director | 0 | $0 | |
Karen Redies Treas./sec. | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,055 |
| Dividends & Interest | $81,785 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $49,565 |
| Capital Gain Net Income | $49,565 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,560 |
| Total Revenue | $139,965 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $63 |
| Taxes | $62 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $326 |
| Printing and publications | $0 |
| Other expenses | $2,733 |
| Total operating and administrative expenses | $55,942 |
| Contributions, gifts, grants paid | $262,499 |
| Total expenses and disbursements | $318,441 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $187,681 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,837,162 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,838,511 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Edward F Redies Foundation Inc has awarded $262,499 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
VISTA MARIA PURPOSE: ANNUAL FUNDING | $1,000 |
SALINE AREA SCHOOLS PURPOSE: SALINE ATHLETICS | $1,500 |
SALINE AREA SCHOOLS PURPOSE: AP BIOLOGY DEPARTMENT | $1,500 |
SALINE AREA SCHOOLS PURPOSE: LIBERTY CLUB | $2,500 |
SALINE AREA SCHOOLS PURPOSE: BASEBALL TEAM | $3,000 |
MICHIGAN SPECIAL OLYMPICS PURPOSE: ANNUAL FUNDING | $5,000 |