Redducs Chartered Foundation Corporation
- Assets
- $3.7m
- Revenue
- $47.3k
- Investments
- $3.1m
- Employees
- 0
- Location
- South Burlington, VT
- Founding
- 02/1999
- Data as of
- 12/2022
- EIN
- 65-0840245
Organization Overview
Redducs Chartered Foundation Corporation is located in South Burlington, VT. The organization was established in 1999. 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. Redducs Chartered Foundation Corporation 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 12/2022, Redducs Chartered Foundation Corporation generated $47.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (20.3%) each year. All expenses for the organization totaled $202.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Redducs Chartered Foundation Corporation has awarded 99 individual grants totaling $306,750. 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 |
|---|---|---|---|
Mary Gale Scudder President | 1 | $0 | |
Katherine Tiballi Vice President | 1 | $0 | |
Jason Tiballi Secretary | 1 | $0 | |
Sue Conley Executive Dir. | 20 | $52,880 | |
Christine Tiballi Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,038 |
| Dividends & Interest | $50,363 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$8,105 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $47,296 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $52,880 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $8,473 |
| Interest | $0 |
| Taxes | $17,196 |
| Depreciation | $0 |
| Occupancy | $3,500 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,797 |
| Total operating and administrative expenses | $95,746 |
| Contributions, gifts, grants paid | $106,500 |
| Total expenses and disbursements | $202,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,309 |
| Savings and temporary cash investments | $527,421 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,746,489 |
| 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, Redducs Chartered Foundation Corporation has awarded $106,500 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
FAIRFIELD COMMUNITY CENTER ASSOCIAT PURPOSE: GENERAL SUPPORT | $1,000 |
HAWAI'I WILDLIFE CENTER PURPOSE: GENERAL SUPPORT | $5,000 |
CHAMPLAIN VALLEY SCHOOL DISTRICT PURPOSE: GENERAL SUPPORT | $5,000 |
LILY'S LEGACY SENIOR DOG SANCTUARY PURPOSE: GENERAL SUPPORT | $4,000 |
HAWAII FOOD BASKET PURPOSE: GENERAL SUPPORT | $5,000 |
MOUNTAIN VIEW FARM ANIMAL SANCTUARY PURPOSE: GENERAL SUPPORT | $2,500 |