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Nonprofiteer
← REDF

Form 990 for tax year 2024

Filed by REDF.

Totals

Total revenue
$21,723,604
Total expenses
$28,497,363
Contributions and grants received
$20,734,451
Grants paid
$5,649,379
Program service revenue
$578,333
Investment income
$405,220
Other revenue
$5,600
Total assets, end of year
$40,181,020
Total liabilities, end of year
$4,275,345
Net assets or fund balances, end of year
$35,905,675
Program services expenses (Part IX)
$22,744,960
Management and general expenses
$4,313,673
Fundraising expenses
$1,438,730
Program service expenses (Part III)
$22,744,960

Program services were 79.8% 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.

  • 1e · Government grants (contributions)

    $4,486,839

  • 1f · All other contributions, gifts and grants

    $16,247,612

  • 1g · Noncash contributions included above

    $183,695

  • 2a · Program service revenue: SHARED SERVICE PROG REVENUE

    total $578,333 · related or exempt $578,333

  • 3 · Investment income

    total $405,220 · excluded $405,220

  • 11a · Other revenue: OTHER INCOME

    total $5,600 · excluded $5,600

  • 11e · Other revenue, total

    $5,600

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,649,379 · program services $5,649,379

  • 5 · Compensation of officers, directors and key employees

    total $1,387,471 · program services $549,258 · management and general $445,767 · fundraising $392,446

  • 7 · Other salaries and wages

    total $9,534,073 · program services $7,910,635 · management and general $1,089,237 · fundraising $534,201

  • 8 · Pension plan contributions

    total $339,129 · program services $260,861 · management and general $56,755 · fundraising $21,513

  • 9 · Other employee benefits

    total $1,771,976 · program services $1,203,083 · management and general $477,119 · fundraising $91,774

  • 10 · Payroll taxes

    total $808,211 · program services $637,218 · management and general $106,400 · fundraising $64,593

  • 11b · Fees: legal

    total $48,447 · management and general $48,447

  • 11c · Fees: accounting

    total $43,500 · management and general $43,500

  • 11g · Fees: other

    total $4,728,886 · program services $3,635,785 · management and general $1,015,766 · fundraising $77,335

  • 13 · Office expenses

    total $77,373 · program services $55,500 · management and general $13,759 · fundraising $8,114

  • 14 · Information technology

    total $1,123,496 · program services $795,550 · management and general $251,577 · fundraising $76,369

  • 16 · Occupancy

    total $712,054 · program services $393,093 · management and general $280,530 · fundraising $38,431

  • 17 · Travel

    total $1,141,186 · program services $861,211 · management and general $216,291 · fundraising $63,684

  • 19 · Conferences, conventions and meetings

    total $383,822 · program services $289,656 · management and general $72,747 · fundraising $21,419

  • 22 · Depreciation, depletion and amortization

    total $211,778 · program services $144,314 · management and general $47,231 · fundraising $20,233

  • 23 · Insurance

    total $78,536 · program services $70,619 · management and general $2,271 · fundraising $5,646

  • 24a · Other expenses: PROF. DEVELOPMENT

    total $142,388 · program services $16,761 · management and general $124,035 · fundraising $1,592

  • 24b · Other expenses: MEMBERSHIPS

    total $111,894 · program services $100,614 · management and general $3,236 · fundraising $8,044

  • 24c · Other expenses: CO. MEETINGS/STAFF APPR

    total $81,630 · program services $61,603 · management and general $15,472 · fundraising $4,555

  • 24e · All other expenses

    total $122,134 · program services $109,820 · management and general $3,533 · fundraising $8,781

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,147,360 · end of year $3,711,133

  • 2 · Savings and temporary cash investments

    beginning of year $13,150,214 · end of year $9,417,290

  • 3 · Pledges and grants receivable

    beginning of year $17,638,602 · end of year $10,710,311

  • 4 · Accounts receivable

    beginning of year $880,468 · end of year $2,225,012

  • 9 · Prepaid expenses and deferred charges

    beginning of year $230,675 · end of year $979,827

  • 10a · Land, buildings and equipment: cost or other basis

    $1,639,076

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,230,988

  • 10c · Land, buildings and equipment, net

    beginning of year $933,028 · end of year $408,088

  • 11 · Investments: publicly traded securities

    beginning of year $9,962,392 · end of year $10,785,443

  • 15 · Other assets

    beginning of year $2,732,797 · end of year $1,943,916

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,794,588 · end of year $2,166,850

  • 19 · Deferred revenue

    beginning of year $0 · end of year $34,081

  • 25 · Other liabilities

    beginning of year $2,423,972 · end of year $2,074,414

  • 27 · Net assets without donor restrictions

    beginning of year $20,187,695 · end of year $20,404,156

  • 28 · Net assets with donor restrictions

    beginning of year $22,269,281 · end of year $15,501,519

Mission and programs · 2024

Mission

REDF INVESTS IN BUSINESSES THAT REVEAL AND REINFORCE THE TALENT OF PEOPLE BREAKING THROUGH BARRIERS TO EMPLOYMENT.

Activities or mission (Part I)

REDF IS A NON-PROFIT ORGANIZATION THAT SUPPORTS EMPLOYMENT SOCIAL ENTERPRISES (ESES): BUSINESSES THAT SEEK NOT ONLY FINANCIAL RESULTS, BUT ALSO TO CREATE JOBS, STABILITY, AND ECONOMIC MOBILITY FOR PEOPLE OVERCOMING THE TOUGHEST BARRIERS TO EMPLOYMENT.REDF'S SUPPORT FOR ESES IS LARGELY IN THREE FORMS: (I) CAPITAL (INCLUDING GRANTS, LOANS, AND ACCESS TO PUBLIC CONTRACTS); (II) CAPACITY BUILDING (TARGETED TECHNICAL ASSISTANCE IN KEY CAPABILITIES SUCH AS BUSINESS MODELING, PROGRAM DESIGN, OPERATIONS, TALENT, AND FUNDRAISING); AND (III) COMMUNITY PEER-TO-PEER LEARNING AND ENGAGEMENT.BY ADVANCING BUSINESSES THAT HIRE THOSE WHO FACE SIGNIFICANT HURDLES FOR EMPLOYMENT, REDF UTILIZES AN EVIDENCE-BASED SOLUTION THAT HELPS INDIVIDUALS OVERCOME TOUGH BARRIERS AND RETURN TO WORK, INCREASING HOUSING STABILITY AND REDUCING UTILIZATION OF GOVERNMENT BENEFITS AS THEY BUILD ECONOMIC POWER.

  • GROWTH PORTFOLIO: REDF PROVIDES CUSTOMIZED HANDS-ON TECHNICAL ASSISTANCE AND MEASURES RESULTS TO A DIVERSE PORTFOLIO OF ESES TO INCORPORATE BEST PRACTICES THAT IMPROVE PARTICIPANT OUTCOMES AND SUSTAINABILITY FOR THE ENTERPRISES.

    Expenses $7,314,417 · Grants $4,939,380

  • PARTNERSHIPS: GOVERNMENT PARTNERSHIPS AND POLICY FOSTERS PUBLIC-PRIVATE SECTOR PARTNERSHIPS AND POLICY AT THE FEDERAL AND STATE LEVELS THAT PROMOTE PUBLIC INVESTMENT IN ESES AND INCREASE ECONOMIC MOBILITY FOR THEIR EMPLOYEES.

    Expenses $6,064,337 · Grants $270,000

  • COMMUNITY: IN RESPONSE TO THE EVER-GROWING FIELD OF ESES AND THE CATALYTIC LEARNING THAT CAN TAKE PLACE WHEN THEY HAVE A PLATFORM IN WHICH TO CONNECT, REDF OFFERS COMMUNITY, A DEDICATED SPACE AND CURATED RESOURCES TO HELP OUR SOCIAL ENTERPRISE PARTNERS AND THEIR STAFF CONNECT, GROW, AND LEAD. COMMUNITY SERVICES INCLUDE AFFINITY GROUPS TO BUILD DEEPER CONNECTIONS BETWEEN ENTREPRENEURS, IN-PERSON AND ONLINE GATHERINGS TO INFORM FUTURE STRATEGY AND LEARN WITH EACH OTHER, NETWORK-WIDE PROFESSIONAL DEVELOPMENT, AND INDIVIDUALIZED COACHING FOR ENTREPRENEURS.

    Expenses $1,953,873

  • OTHER PROGRAM SERVICES INCLUDE ACCELERATOR, IMPACT LENDING, LEARNING & EVIDENCE, ADVOCACY, STRATEGIC IMPLEMENTATION, THE FARBER INTERNSHIP, AND OUTREACH.

    Expenses $7,412,333 · Grants $439,999 · Revenue $578,333

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • George R Roberts

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Stuart Davidson

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Phillip Estes

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Dan Rose

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Harris Barton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bonnie Boswell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Ya Ferguson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Chet P Hewitt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Carla Javits

    BOARD MEMBER / SENIOR ADVISOR

    Total calculated
    $106,825
    From this org
    $102,716
    From related orgs
    $0
    Other
    $4,109
    Hours/week
    16

  • Chief Mack Jenkins Ret

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Martin Lauber

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ryan Nolan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Chris Odonnell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Elena Quintana

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jesse Rogers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Adam Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Courtney Welton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Maria Kim

    PRESIDENT & CEO

    Total calculated
    $379,080
    From this org
    $351,125
    From related orgs
    $0
    Other
    $27,955
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $351,125
    Bonus
    $0
    Other
    $0
    Deferred
    $12,250
    Nontaxable benefits
    $15,705
    Filer's total
    $379,080

  • David Samuels

    CHIEF FINANCIAL & ADMIN OFFICER

    Total calculated
    $309,616
    From this org
    $272,752
    From related orgs
    $0
    Other
    $36,864
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $272,752
    Bonus
    $0
    Other
    $0
    Deferred
    $10,996
    Nontaxable benefits
    $25,868
    Filer's total
    $309,616

  • Carrie McKellogg

    CHIEF PROGRAM OFFICER

    Total calculated
    $312,652
    From this org
    $264,857
    From related orgs
    $0
    Other
    $47,795
    Hours/week
    16

    Schedule J breakdown matched by us

    Base
    $264,857
    Bonus
    $0
    Other
    $0
    Deferred
    $10,816
    Nontaxable benefits
    $36,979
    Filer's total
    $312,652

  • Jo'Vion Greer

    VP, DEVELOPMENT & MARKETING & COMMS

    Total calculated
    $278,722
    From this org
    $251,725
    From related orgs
    $0
    Other
    $26,997
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $251,725
    Bonus
    $0
    Other
    $0
    Deferred
    $10,031
    Nontaxable benefits
    $16,966
    Filer's total
    $278,722

  • Peter Lippman

    SR. DIRECTOR, FINANCE & ACCOUNTING

    Total calculated
    $256,703
    From this org
    $224,654
    From related orgs
    $0
    Other
    $32,049
    Hours/week
    16

    Schedule J breakdown matched by us

    Base
    $224,654
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $32,049
    Filer's total
    $256,703

  • Karen Chern Zangle

    SENIOR DIRECTOR, PROGRAMS

    Total calculated
    $202,780
    From this org
    $194,165
    From related orgs
    $0
    Other
    $8,615
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,165
    Bonus
    $0
    Other
    $0
    Deferred
    $6,611
    Nontaxable benefits
    $2,004
    Filer's total
    $202,780

  • Brian Williams

    DIRECTOR, HUMAN RESOURCES

    Total calculated
    $235,761
    From this org
    $192,871
    From related orgs
    $0
    Other
    $42,890
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,871
    Bonus
    $0
    Other
    $0
    Deferred
    $6,944
    Nontaxable benefits
    $35,946
    Filer's total
    $235,761

  • Gregory Ericksen

    DIRECTOR, GOVT PARTNERSHIPS & POLICY

    Total calculated
    $233,697
    From this org
    $192,694
    From related orgs
    $0
    Other
    $41,003
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,694
    Bonus
    $0
    Other
    $0
    Deferred
    $2,636
    Nontaxable benefits
    $38,367
    Filer's total
    $233,697

  • Emilie Linick

    SENIOR DIRECTOR, IMPACT LENDING

    Total calculated
    $239,428
    From this org
    $212,814
    From related orgs
    $0
    Other
    $26,614
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,814
    Bonus
    $0
    Other
    $0
    Deferred
    $8,470
    Nontaxable benefits
    $18,144
    Filer's total
    $239,428

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
4 August 2025
IRS schema version
2024v5.2
Source object
202512169349301926

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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