Red Oak Foundation
- Assets
- $2.5m
- Revenue
- $70.1k
- Investments
- $2.3m
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 04/1992
- Data as of
- 12/2022
- EIN
- 75-2382416
Organization Overview
Red Oak Foundation is located in Fort Worth, TX. The organization was established in 1992. 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. Red Oak Foundation 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, Red Oak Foundation generated $70.1k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $206.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE INFORMATION ATTACHED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Brumley Director | 1 | $0 | |
Rebecca Brumley Director | 30 | $0 | |
M Mazur Director | 1 | $0 | |
Nan Matson Director | 40 | $100,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10 |
| Dividends & Interest | $61,228 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $32,284 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,894 |
| Total Revenue | $70,132 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $100,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,632 |
| Depreciation | $1,875 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $43 |
| Printing and publications | $1,526 |
| Other expenses | $30,579 |
| Total operating and administrative expenses | $136,828 |
| Contributions, gifts, grants paid | $69,406 |
| Total expenses and disbursements | $206,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,553 |
| Savings and temporary cash investments | $0 |
| 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 | $16,126 |
| Other assets | $10,684 |
| Total assets | $2,529,995 |
| 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, Red Oak Foundation has awarded $69,406 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BOOKS DISTRIBUTED IN PURPOSE: 36359 BOOKS DIST. | $57,406 |
TEXAS I L F PURPOSE: SCHOLARSHIPS | $12,000 |