Red Lobster Cares Inc
- Assets
- $2.0m
- Revenue
- $412.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 09/2014
- Data as of
- 05/2022
- EIN
- 46-5632891
Organization Overview
Red Lobster Cares Inc is located in Orlando, FL. The organization was established in 2014. According to its NTEE Classification (M20) the organization is classified as: Disaster Preparedness & Relief Services, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Red Lobster Cares 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 05/2022, Red Lobster Cares Inc generated $412.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $213.2k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED GRANTS UP TO $1,000 EACH TO APPROXIMATELY 312 INDIVIDUALSEXPERIENCING FINANCIAL HARDSHIP DUE TO UNEXPECTED EMERGENCIES ANDCATASTROPHIC DISASTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Hughes President | OfficerTrustee | 0.5 | $0 |
Jewel Taylor Through 02112022 Secretary | OfficerTrustee | 0.5 | $0 |
Horace G Dawson III Treasurer | OfficerTrustee | 0.1 | $0 |
Susan Pavel Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,964 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $382,554 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $384,518 |
| Total Program Service Revenue | $0 |
| Investment income | $27,446 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $411,964 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $206,819 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,373 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,964 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $213,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $545,511 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,998 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,404,963 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,987,472 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,987,472 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,987,472 |
Grants Awarded
Over the last fiscal year, Red Lobster Cares Inc has awarded $0 in support to 4 organizations.
| Grant Recipient | Amount |
|---|
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Global Empowerment Mission Inc Doral, FL | $12,885,666 | $34,667,430 |
Association Of Public-Safety Communications Officials-Internati Daytona Beach, FL | $12,656,968 | $13,455,177 |
Nature Coast Emergency Medical Foundation Inc Tampa, FL | $3,918,944 | $10,554,080 |
Central Florida Disaster Medical Coalition Inc Orlando, FL | $748,028 | $5,110,255 |
Hearts & Hands Disaster Recovery Clermont, FL | $99,815 | $2,118,556 |
People For Care & Learning Mobile, AL | $1,421,094 | $1,215,551 |
Puerto Rico Rises Corp Deltona, FL | $64,197 | $1,653,775 |
Darden Dimes Inc Orlando, FL | $4,294,723 | $2,955,933 |
Prodisee Pantry Inc Daphne, AL | $3,736,781 | $1,491,602 |
West Central Florida Disasterservices Incorporated Saint Petersburg, FL | $672,158 | $1,039,526 |
Community Organizations Active In Disaster Inc Pensacola, FL | $1,853,318 | $911,928 |
Global Catalytic Network Rockledge, FL | $216,524 | $810,745 |