Totals
- Total revenue
- $1,546,219
- Total expenses
- $1,358,878
- Contributions and grants received
- $1,488,751
- Grants paid
- $1,157,500
- Program service revenue
- $0
- Investment income
- $57,468
- Other revenue
- $0
- Total assets, end of year
- $1,542,876
- Total liabilities, end of year
- $1,157,500
- Net assets or fund balances, end of year
- $385,376
- Program services expenses (Part IX)
- $1,206,392
- Management and general expenses
- $114,306
- Fundraising expenses
- $38,180
- Program service expenses (Part III)
- $1,206,392
Program services were 88.8% 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
$1,488,751
-
3 · Investment income
total $57,468 · excluded $57,468
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,117,500 · program services $1,117,500
-
3 · Grants to foreign organizations and individuals
total $40,000 · program services $40,000
-
7 · Other salaries and wages
total $136,891 · program services $40,026 · management and general $67,169 · fundraising $29,696
-
10 · Payroll taxes
total $13,284 · program services $3,669 · management and general $6,975 · fundraising $2,640
-
11c · Fees: accounting
total $11,243 · management and general $11,243
-
12 · Advertising and promotion
total $250 · program services $83 · management and general $84 · fundraising $83
-
13 · Office expenses
total $10,224 · program services $2,267 · management and general $5,029 · fundraising $2,928
-
14 · Information technology
total $5,203 · management and general $5,203
-
17 · Travel
total $234 · program services $78 · management and general $78 · fundraising $78
-
23 · Insurance
total $4,296 · management and general $4,296
-
24a · Other expenses: ONLINE PROCESSING FEES
total $8,450 · program services $13 · management and general $8,437
-
24b · Other expenses: MEETINGS
total $8,266 · program services $2,756 · management and general $2,755 · fundraising $2,755
-
24c · Other expenses: BANK CHARGES
total $1,830 · management and general $1,830
-
24d · Other expenses: PAYROLL PROCESSING FEES
total $1,182 · management and general $1,182
-
24e · All other expenses
total $25 · management and general $25
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $0 · end of year $17,471
-
2 · Savings and temporary cash investments
end of year $1,475,405
-
15 · Other assets
beginning of year $0 · end of year $50,000
-
18 · Grants payable
beginning of year $0 · end of year $1,157,500
-
27 · Net assets without donor restrictions
beginning of year $0 · end of year $293,122
-
28 · Net assets with donor restrictions
end of year $92,254
Mission and programs · 2023
Mission
PROJECT REDWOOD'S MISSION IS TO PROVIDE FUNDING, EXPERTISE, AND CONNECTIONS TO SOCIAL ENTREPRENEURS WHO ADDRESS THE CHALLENGE OF GLOBAL POVERTY.
-
PROJECT REDWOOD PROVIDES FUNDING, EXPERTISE, AND CONNECTIONS TO SOCIAL ENTREPRENEURS WHO ADDRESS THE CHALLENGE OF GLOBAL POVERTY.
Expenses $1,206,392 · Grants $1,157,500
As filed on the 2023 return.
Listed in Part VII
-
J Michael WattJ MICHAEL WATT
CFO & ASS'T SECRETARY
- Total calculated
- $0
- Hours/week
- 17
-
William WestwoodWILLIAM WESTWOOD
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Kenneth InadomiKENNETH INADOMI
DIRECTOR, BOARD CO-CHAIR
- Total calculated
- $0
- Hours/week
- 25
-
Brad SmithBRAD SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 15
-
Donna AllenDONNA ALLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 30
-
Caroline CaufieldCAROLINE CAUFIELD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stacy WilliamsSTACY WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Michael FitzgeraldMICHAEL FITZGERALD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 4
-
Laura FrattLAURA FRATT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
Carol HeadCAROL HEAD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 15
-
William B HoustonWILLIAM B HOUSTON
TREASURER, DIRECTOR
- Total calculated
- $0
- Hours/week
- 10
-
Vijay RaghunathanVIJAY RAGHUNATHAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Claudia LindseyCLAUDIA LINDSEY
PRESIDENT, BOARD CO-CHAIR
- Total calculated
- $0
- Hours/week
- 25
-
Gail SchulzeGAIL SCHULZE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 12
-
Jorian WilkinsJORIAN WILKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
-
$55,000
GENERAL SUPPORT
-
TOMORROW'S LEADERS NYC (TLNYC)
$55,000
GENERAL SUPPORT
-
GENERAL SUPPORT
-
GENERAL SUPPORT
-
$50,000
GENERAL SUPPORT
-
$50,000
GENERAL SUPPORT
-
GENERAL SUPPORT
-
GENERAL SUPPORT
-
GENERAL SUPPORT
-
$45,000
GENERAL SUPPORT
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 23 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202442989349300444
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.