Redi Foundation
- Assets
- $562.6k
- Revenue
- $6.2k
- Investments
- $538.3k
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 02/2000
- Data as of
- 12/2022
- EIN
- 86-0973894
Organization Overview
Redi Foundation is located in Phoenix, AZ. The organization was established in 2000. 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. Redi 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, Redi Foundation generated $6.2k 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 (37.5%) each year. All expenses for the organization totaled $29.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew R Valente Secretary/treasurer | 1 | $0 | |
Michael J Valente Director | 1 | $0 | |
Thomas D Valente Director | 1 | $0 | |
Timothy P Valente Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,340 |
| Dividends & Interest | $8,934 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,104 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,170 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $106 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,665 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $29,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,282 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $562,616 |
| 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, Redi Foundation has awarded $20,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
JSERRA CATHOLIC SCHOOL PURPOSE: PROGRAM SUPPORT | $10,000 |
SAN DIEGO VELODROME ASSOCIATION PURPOSE: PROGRAM SUPPORT | $2,500 |
ST VINCENT DE PAUL PURPOSE: PROGRAM SUPPORT | $5,000 |
VELO YOUTH PURPOSE: PROGRAM SUPPORT | $2,500 |