The Red Bank And Soddy-Daisy Charitable Foundation Inc
- Assets
- $790.5k
- Revenue
- $67.5k
- Investments
- $726.6k
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 01/1976
- Data as of
- 03/2024
- EIN
- 62-0959331
Organization Overview
The Red Bank And Soddy-Daisy Charitable Foundation Inc is located in Chattanooga, TN. The organization was established in 1976. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, 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 Bank And Soddy-Daisy Charitable 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 03/2024, Red Bank And Soddy-Daisy Charitable Foundation Inc generated $67.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $59.0k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Red Bank And Soddy-Daisy Charitable Foundation Inc has awarded 16 individual grants totaling $375,006. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia S Baker Board Member, Chairperson | 0 | $0 | |
Rebecca F Browder Board Member, Vice Chairperson | 0 | $0 | |
Charles Ingle Board Member, Secretary | 0 | $0 | |
Hardie H Stulce Board Member, Director | 0 | $0 | |
John M Roberts Board Member, Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,665 |
| Dividends & Interest | $25,433 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $39,423 |
| Capital Gain Net Income | $39,423 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $67,521 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $229 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,262 |
| Total operating and administrative expenses | $13,994 |
| Contributions, gifts, grants paid | $45,000 |
| Total expenses and disbursements | $58,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,627 |
| Savings and temporary cash investments | $54,336 |
| 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 | $623,292 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $790,529 |
| 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, The Red Bank And Soddy-Daisy Charitable Foundation Inc has awarded $48,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF RED BANK PURPOSE: FOR THE SOLE AND EXCLUSIVE PURPOSE OF PUBLIC RESTROOM FACILITIES ADDITIONS IN THE RED BANK COMMUNITY CENTER GREEN SPACE. | $24,000 |
CITY OF SODDY-DAISY PURPOSE: FOR THE EXCLUSIVE PURPOSES OF THE SODDY LAKE FISHING PIER REPAIR AND REPAIR/REPLACEMENT OF THE BATTING CAGE(S) AT THE SODDY DAISY KIDS CLUB PARK. | $24,000 |