Redman Foundation Inc
- Assets
- $6.6m
- Revenue
- $563.5k
- Investments
- $6.3m
- Employees
- 0
- Location
- Austin, TX
- Founding
- 11/1995
- Data as of
- 12/2022
- EIN
- 75-2617664
Organization Overview
Redman Foundation Inc is located in Austin, TX. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Redman 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 12/2022, Redman Foundation Inc generated $563.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $630.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Redman Foundation Inc has awarded 213 individual grants totaling $2,691,500. 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 |
|---|---|---|---|
Carol Martin Trustee | 1 | $0 | |
M Elizabeth Hunt Executive Dir. | 16 | $4,500 | |
Janey Bills President | 1 | $0 | |
Andy Chafin Trustee | 1 | $0 | |
Marti Royer Executive Direc | 16 | $25,416 | |
Amy Williams Getzoff Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $16,128 |
| Interest on Savings | $0 |
| Dividends & Interest | $223,572 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $322,450 |
| Capital Gain Net Income | $322,450 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,353 |
| Total Revenue | $563,503 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $29,916 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,289 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $16,302 |
| Printing and publications | $0 |
| Other expenses | $4,736 |
| Total operating and administrative expenses | $90,511 |
| Contributions, gifts, grants paid | $540,000 |
| Total expenses and disbursements | $630,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,152 |
| Savings and temporary cash investments | $310,065 |
| 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 | $5,100 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,597,357 |
| 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 | -$850 |
| Total liabilities | -$850 |
Grants Awarded
Over the last fiscal year, Redman Foundation Inc has awarded $540,000 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
LUMIN EDUCATION PURPOSE: SUPPORT EDUCATIONAL PROGRAMS FOR LOW-INCOME CHILDREN | $15,000 |
AGAPE PREGNANCY RESOURCE CENTER PURPOSE: TO SUPPORT PROGRAMS FOR PREGNANT WOMEN | $10,000 |
MOBILE LOAVES FISHES PURPOSE: TO SUPPORT MLF TRUCK PROGRAM | $15,000 |
LIGHTHOUSE CHRISTIAN CAMP PURPOSE: TO PROVIDE FUNDS FOR CAPITAL IMPROVEMENTS | $10,000 |
SACRAMENTO FOOD BANK SERVICES PURPOSE: TO SUPPORT FOOD DISTRIBUTION PROGRAMS FOR LOW-INCOME INDIVIDULAS AND FAMILIES. | $25,000 |
GOT QUESTIONS MINISTRIES PURPOSE: SUPPORT VIDEO PRODUCTION FUND AND INCREASE THE NUMBER OF VIDEO-BASED ANSWERS TO BIBLE QUESTIONS ON YOUTUBE | $45,000 |