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Nonprofiteer
← REDBUD FOUNDATION INC

Form 990 for tax year 2023

Filed by REDBUD FOUNDATION INC.

Totals

Total revenue
$404,515
Total expenses
$407,803
Contributions and grants received
$286,632
Grants paid
$28,500
Program service revenue
$106,448
Investment income
$11,435
Other revenue
$0
Total assets, end of year
$318,755
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$318,755
Program services expenses (Part IX)
$388,452
Management and general expenses
$19,351
Fundraising expenses
$0
Program service expenses (Part III)
$388,452

Program services were 95.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $286,632

  • 1g · Noncash contributions included above

    $130,325

  • 2a · Program service revenue: RACE FEES

    total $106,448 · related or exempt $106,448

  • 3 · Investment income

    total $11,435 · excluded $11,435

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $28,500 · program services $28,500

  • 5 · Compensation of officers, directors and key employees

    total $54,300 · program services $54,300

  • 11c · Fees: accounting

    total $2,817 · management and general $2,817

  • 12 · Advertising and promotion

    total $61,571 · program services $61,571

  • 13 · Office expenses

    total $3,370 · management and general $3,370

  • 16 · Occupancy

    total $9,920 · management and general $9,920

  • 23 · Insurance

    total $9,036 · program services $8,440 · management and general $596

  • 24a · Other expenses: EVENT IMPLEMENTATION

    total $146,947 · program services $146,947

  • 24b · Other expenses: SECURITY

    total $25,565 · program services $25,565

  • 24c · Other expenses: WEARABLES/SHIRTS

    total $21,622 · program services $21,622

  • 24d · Other expenses: MEDALS & TROPHIES

    total $18,296 · program services $18,296

  • 24e · All other expenses

    total $25,859 · program services $23,211 · management and general $2,648

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $85,506 · end of year $73,894

  • 2 · Savings and temporary cash investments

    beginning of year $177,890 · end of year $181,186

  • 15 · Other assets

    beginning of year $58,647 · end of year $63,675

  • 31 · Retained earnings, endowment or other funds

    beginning of year $322,043 · end of year $318,755

Mission and programs · 2023

Mission

TO PROMOTE PHYSICAL FITNESS THROUGH RUNNING AND CYCLING.

  • SPONSORED ANNUAL RUNNING/CYCLING EVENT WITH OVER 4,000 PARTICIPANTS, PROMOTING PHYSICAL FITNESS THROUGH RUNNING AND WALKING. THE FUNDS IN THE SPRING ALLOWED FOR THE DONATION OF 25,000 TO FOCUS ON HOME THAT IS DEDICATED TO SERVE FAMILIES IN NEED BY PROVIDING THE MEANS FOR A DIGNIFIED HOME, CREATING A CLEARER PATH TOWARDS A STRONGER FUTURE. THE FUNDS ALSO ALLOWED FOR A DONATION TO THE NICHOLS HILLS PARKS, INC. OF 3,500 WHICH WILL HELP ENHANCE THE PRESERVATION, BEAUTY AND MAINTENANCE OF THE RED BUD TREES.

    Expenses $388,452 · Grants $28,500 · Revenue $106,448

As filed on the 2023 return.

Listed in Part VII

  • DAVID WOOD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • HEATH SLAMONS

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • MEGHAN THOMPSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • SEAN FITZGERALD

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • KRISTIN HERSOM

    EXECUTIVE DI

    Total calculated
    $54,300
    From this org
    $54,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • ALI ANDREWS

    BOARD MEMEBE

    Total calculated
    $0
    Hours/week
    2

  • ALISON WOLF

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • AMBER DAVIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • BRIAN FAIRLESS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CADE CHRISTIAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CHASE WEBB

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CHRIS GEIGER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CHRISTA BALL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • COLE WEBB

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ELIZABETH JOYNES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JACOB RICE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JD BROWN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JOHN MCMICAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • KATE CUNNINGHAM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • KATHERINE VANLANDINGHAM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • KEITH MCCOMBS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • LINDSEY GREENWOOD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL WILSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MYRON KNIGHT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • RAY HECK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ROB HOFFMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • RYAN ELLIOTT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • SAM ROOP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • SCOTT CARLIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • SCOT PARMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • STEVE SCHLEGEL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • TRACEY JUSTICE MASON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • TRIP HENDERSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • WILL LAWLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • FOCUS ON HOME

    $25,000

Provenance

Return type
form_990
Tax year
2023
Filed
4 November 2024
IRS schema version
2023v5.0
Source object
202433099349302903

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