Rhedcloud Foundation Inc is located in Decatur, GA. The organization was established in 2019. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rhedcloud Foundation Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 10/2023, Rhedcloud Foundation Inc generated $4.0 in total revenue. All expenses for the organization totaled $5.7k during the year ending 10/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY ACTIVITIES OF RHEDCLOUD FOUNDATION INC. (THE "FOUNDATION") ARE RESEARCH AND EDUCATION. THE "RHED" IN THE FOUNDATION'S NAME STANDS FOR RESEARCH, HEALTHCARE AND HIGHER EDUCATION. THE FOUNDATION'S ACTIVITIES ARE FOCUSED ON ADVANCING RESEARCH, HEALTHCARE AND HIGHER EDUCATION CLOUD COMPUTING WITH ENHANCED SECURITY, COMPLIANCE AND INTEGRATION. EVERY USER AND PROVIDER OF THE CLOUD HAS A NEED TO ASSESS RISK AND SPECIFY CONTROLS FOR SERVICES IN CLOUD PLATFORMS. THE FOUNDATION'S ACTIVITIES WILL ASSIST IN SOLVING THE COMMON ISSUES AMONGST CLOUD USERS AND PROVIDERS. SUCH ISSUES INCLUDE: (1) SECURITY MEASURES FOR VARIOUS COMPLIANCE REQUIREMENTS THROUGH RISK ASSESSMENTS AND COUNTERMEASURES; (2) COMMON IMPLEMENTATION OF SECURITY MEASURES IN AN EXTENSIBLE FRAMEWORK; AND (3) THE PROVISIONING, INTEGRATION, AND ADMINISTRATION OF SUCH SYSTEMS INTO THE FRAMEWORK OR STRUCTURE OF THE BUSINESS. THE FOUNDATION'S ACTIVITIES WILL BENEFIT A WIDE RANGE OF INDIVIDUALS AND ENTITIES, INCLUDING HIGHER EDUC
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE DESCRIPTION ON SCHEDULE O.
DURING THE CURRENT RETURN YEAR, THE ORGANIZATION'S BOARD OF DIRECTORS RATIFIED A RESOLUTION TO WIND-DOWN THE OPERATIONS OF THE ORGANIZATION AND ENGAGE IN A VOLUNTARY DISSOLUTION OF THE ORGANIZATION IN ACCORDANCE WITH THE NONPROFIT CODE OF GEORGIA AND ITS BYLAWS. THE WIND-DOWN WAS NOT COMPLETED PRIOR TO THE END OF THE ORGANIZATION'S CURRENT RETURN YEAR, AND THUS, THE CURRENT RETURN CONTAINS A COMBINATION OF PROGRAM EXPENSES, ADMINISTRATIVE EXPENSES, AND CONTRIBUTIONS TOTALING 17,000 TO UNRELATED 501(C)(3) ORGANIZATIONS AS LISTED IN FORM 990 PART IX, SCHEDULE I, AND SCHEDULE N, AS APPLICABLE. FOLLOWING THE ORGANIZATION'S TERMINATION IN THE SUBSEQUENT RETURN YEAR, A FINAL RETURN WILL BE SUBMITTED REFLECTING THE FINAL DISPOSITION OF ASSETS AND INCLUDING RELEVANT TERMINATION DOCUMENTS AS REQUIRED BY SCHEDULE N.
SEE DESCRIPTION ON SCHEDULE O.
DURING THE PREVIOUS RETURN YEAR, THE ORGANIZATION'S BOARD OF DIRECTORS RATIFIED A RESOLUTION TO WIND-DOWN THE OPERATIONS OF THE ORGANIZATION AND ENGAGE IN A VOLUNTARY DISSOLUTION OF THE ORGANIZATION IN ACCORDANCE WITH THE NONPROFIT CODE OF GEORGIA AND ITS BYLAWS. THE WIND-DOWN WAS COMPLETED DURING THE ORGANIZATION'S CURRENT RETURN YEAR, AND THE CURRENT RETURN CONTAINS A COMBINATION OF ADMINISTRATIVE EXPENSES AND CONTRIBUTIONS TOTALING 4,680 TO UNRELATED 501(C)(3) ORGANIZATIONS AS LISTED IN FORM 990 PART IX AND SCHEDULE N, AS APPLICABLE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jason Armbruster Director/ Se | OfficerTrustee | 0.4 | $0 |
Jamie Butler Director | Trustee | 0.1 | $0 |
Bill Campman Director | Trustee | 0.1 | $0 |
Jan Cheetham Director | Trustee | 0.1 | $0 |
John E Connerat Director/ Tr | OfficerTrustee | 4.5 | $0 |
Brian Day Director | Trustee | 0.1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Investment income | $4 |
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 | $4 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $4,680 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
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 | $0 |
Fees for services: Accounting | $750 |
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 | $542 |
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 | $2,041 |
All other expenses | $0 |
Total functional expenses | $5,674 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $5,573 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $97 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $0 |
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 | $5,670 |
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 | $0 |