Red Drop Resources
- Assets
- $238.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rochester, MN
- Founding
- 01/2015
- Data as of
- 08/2022
- EIN
- 46-5056599
Organization Overview
Red Drop Resources is located in Rochester, MN. The organization was established in 2015. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Red Drop Resources 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 08/2022, Red Drop Resources generated $91.2k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $83.5k during the year ending 08/2022. While expenses have increased by 5.3% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennie Goble Present | 2 | $0 | |
Carrie O'neill Director | 1 | $0 | |
Emily Brigham Director | 1 | $0 | |
Kay Jones Director | 1 | $0 | |
Stephanie Wright Secretary | 1 | $0 | |
Cathy Donze Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,086 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $24,150 |
| Other Revenue | $0 |
| Total Revenue | $91,236 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,792 |
| Professional fees and other payments to independent contractors | $13,050 |
| Occupancy, rent, utilities, and maintenance | $21,393 |
| Printing, publications, postage, and shipping | $5,726 |
| Other expenses | $14,025 |
| Total expenses | $83,529 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,708 |
| Other assets | $0 |
| Total assets | $238,212 |
| Total liabilities | $201,534 |
| Net assets or fund balances | $36,678 |