Civic Intelligence

Red Drop Resources

990EZ • Fiscal year 2021 • EIN 46-5056599

Sep 01, 2020 to Aug 31, 2021 • Filed on Jun 08, 2022

Organization Profilewww.rdrmn.org
PO Box 7401Rochester, MN 55903

(507) 261-6708

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

93rd percentile

0.89x

Higher debt load relative to assets than 93% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

97th percentile

2.79x

Higher debt load relative to revenue than 97% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

57th percentile

13%

Higher net margin than 57% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

53rd percentile

7.5%

Faster asset growth than 53% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

76th percentile

54%

Faster revenue growth than 76% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$271,240

Up $18,847 (+7.5%) from 2020

Net Assets

$28,971

No earlier filing loaded for comparison.

Liabilities

Up

$242,269

Up $33,402 (+16%) from 2020

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin57th percentile

Revenue

Up

$86,968

Up $30,368 (+54%) from 2020

Expenses

Up

$75,319

Up $5,493 (+7.9%) from 2020

Net Income

Up

$11,649

Up $24,875 (+188%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0-$100KAssets 2020: $252,393Liabilities 2020: $208,8672020Assets 2021: $271,240Liabilities 2021: $242,269Net Assets 2021: $28,9712021Assets 2022: $238,212Liabilities 2022: $201,5342022Assets 2024: $204,653Net Assets 2024: -$2,5552024Assets 2025: $294,977Liabilities 2025: $228,312Net Assets 2025: $66,6652025

Highlighted filing

2021

Assets$271,240
Liabilities$242,269
Net Assets$28,971
Open 2021 Filing

Operations Trend

Revenue Growth76th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KRevenue 2020: $56,600Expenses 2020: $69,826Net Income 2020: -$13,2262020Revenue 2021: $86,968Expenses 2021: $75,319Net Income 2021: $11,6492021Revenue 2022: $91,236Expenses 2022: $83,529Net Income 2022: $7,7072022Revenue 2024: $66,795Expenses 2024: $69,350Net Income 2024: -$2,5552024Revenue 2025: $103,506Expenses 2025: $71,046Net Income 2025: $32,4602025

Highlighted filing

2021

Revenue$86,968
Expenses$75,319
Net Income$11,649
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Jun 8, 2022
Return Version
2020v4.2
Gross Receipts
$96,644
Mission and Program Overview

Mission

To meet the non-medical needs of patients battling blood cancers in Rochester MN.

Tosupportthenon-medicalneedsofbloodcancerpatients

Program Services

DescriptionGrantsExpenses
Lodgingassistanceforpatientsandtheirfamiliestostayatourhouse,freeofcharge,forupto75nights.Duringthisfiscalyear,3familiesstayedatotalof250nights.Thehouseisfullyfurnishedandweprovidedcleaningsuppliesandnon-perishablefooditems.$0$28,750
Financialassistanceisprovidedtopatientswhoareexperiencingfinancialhardshipsrelatedtotheirbloodcancerdiagnosis.Financialgrantsrangefrom$500-$750perpatients.SeescheduleOforlistingofdatesandamountsgiven.$13,500$13,500
Volunteer&CelebrationsprogramprovidesassistanceinnavigatingRochesterandansweringquestionsforpatientandtheirfamilieswhiletheyareintown.Giftsandsuppliesarealsopurchasedtohelpincelebratinganylifeeventssuchasbirthdaysandanniversaries.$0$2,478
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennie GoblePresent-$0--
Erica Bryen-WegnerSecretary-$0--
Ryan PlattenbergDirector-$0--
Carrie O'NeillDirector-$0--
Peter MoenDirector-$0--
Emily BrighamDirector-$0--
Kay JonesDirector-$0--
Filing and Contact Details

Filer

Filer Name
Medcity Foundation
EIN
46-5056599
In Care Of
% Kristina Wright Peterson
Address
PO Box 7401, Rochester, MN 55903

Signing Officer

Name
Kristina Wright Peterson
Title
Founder
Signed
2022-06-08
Supplemental Narrative

Additional Explanations

Item B - Amended Return

“A 990-N was incorrectly filed for this fiscal year; the 990-EZ is the correct form.”

Doing Business As Names

“Red Drop Resources”

Part I, line 8

“| Other Revenues:, Amount:| When we purchased a house to use for patients we were reimbursed by the seller for unexpected repairs found prior to the closing., $2250|”

Part I, line 10

“| Grants And Similar Amounts Paid:, Amount:| Financial assistance awarded to patients to assist in the cost of medical care: 3 7 2020-$500 4 6 2020-$750 5 22 2020-$750 9 13 2020-$500 9 17 2020-$500 10 22 2020-$500 10 22 2020-$500 10 29 2020-$500 11 8 2020-$750 11 22 2020-$500 11 22 2020-&50 2 1 2021-$500 2 1 2021-$500 2 1 2021-$500 2 1 2021-$500 3 19 2021-$500 3 19 2021-$500 4 19 2021-$500 4 30 2021-$500 6 14 2021-$500 7 30 2021-$500 7 30 2021-$500, $13565|”

Part I, line 16

“| Other Expenses:, Amount:| Expenses related to the renovation and upkeep of property used for patient lodging, $27902| Mortgage interest, $8858| Property Taxes, $1173|”

Part I, line 20

“| Explanation:, Amount:| property additions and improvements including ramp installation and furniture with equipment, $10302|”

Part II, line 26

“| Explanation:, BOYAmount:, EOYAmount:| Mortgage on home purchased to house patients battling blood cancers while they receive treatment, $245884, $242269|”

Part V, line 34

“| Explanation:| Our name was changed from MedCity Foundation to Red Drop Resources. Attached documents include the Minnesota Secretary of State filing board minutes to include the approval as well as updated By-Laws.|”

Raw XML Appendix215 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/AmendedReturnInd0X
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IRS990EZ/BooksInCareOfDetail/PhoneNum05072616708
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01651 9th Ave NE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Rochester
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd055906
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Jennie Goble
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Peter Moen
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IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt010302
IRS990EZ/OtherExpensesTotalAmt037933
IRS990EZ/OtherRevenueTotalAmt02250
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Tosupportthenon-medicalneedsofbloodcancerpatients
IRS990EZ/PrintingPublicationsPostageAmt01081
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Lodgingassistanceforpatientsandtheirfamiliestostayatourhouse,freeofcharge,forupto75nights.Duringthisfiscalyear,3familiesstayedatotalof250nights.Thehouseisfullyfurnishedandweprovidedcleaningsuppliesandnon-perishablefooditems.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Financialassistanceisprovidedtopatientswhoareexperiencingfinancialhardshipsrelatedtotheirbloodcancerdiagnosis.Financialgrantsrangefrom$500-$750perpatients.SeescheduleOforlistingofdatesandamountsgiven.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2Volunteer&CelebrationsprogramprovidesassistanceinnavigatingRochesterandansweringquestionsforpatientandtheirfamilieswhiletheyareintown.Giftsandsuppliesarealsopurchasedtohelpincelebratinganylifeeventssuchasbirthdaysandanniversaries.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt113500
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt20
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt028750
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt113500
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt22478
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt05874
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt09676
IRS990EZ/SpecialEventsNetIncomeLossAmt04209
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MN
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0245884
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IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt075319
IRS990EZ/TotalProgramServiceExpensesAmt044728
IRS990EZ/TotalRevenueAmt086968
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.rdrmn.org
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0| Year:, Amount:, Description:| 2016, , | 2017, | 2018, | 2019, | 2020, |
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part III - Line 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt070309
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt033800
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt015700
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt014562
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt08947
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0143318
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/InvestmentIncomePYPct00.00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearAmt00
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IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus4YearsAmt00
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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0143318
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A 990-N was incorrectly filed for this fiscal year; the 990-EZ is the correct form.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Red Drop Resources
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2| Other Revenues:, Amount:| When we purchased a house to use for patients we were reimbursed by the seller for unexpected repairs found prior to the closing., $2250|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3| Grants And Similar Amounts Paid:, Amount:| Financial assistance awarded to patients to assist in the cost of medical care: 3 7 2020-$500 4 6 2020-$750 5 22 2020-$750 9 13 2020-$500 9 17 2020-$500 10 22 2020-$500 10 22 2020-$500 10 29 2020-$500 11 8 2020-$750 11 22 2020-$500 11 22 2020-&50 2 1 2021-$500 2 1 2021-$500 2 1 2021-$500 2 1 2021-$500 3 19 2021-$500 3 19 2021-$500 4 19 2021-$500 4 30 2021-$500 6 14 2021-$500 7 30 2021-$500 7 30 2021-$500, $13565|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4| Other Expenses:, Amount:| Expenses related to the renovation and upkeep of property used for patient lodging, $27902| Mortgage interest, $8858| Property Taxes, $1173|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5| Explanation:, Amount:| property additions and improvements including ramp installation and furniture with equipment, $10302|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6| Explanation:, BOYAmount:, EOYAmount:| Mortgage on home purchased to house patients battling blood cancers while they receive treatment, $245884, $242269|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7| Explanation:| Our name was changed from MedCity Foundation to Red Drop Resources. Attached documents include the Minnesota Secretary of State filing board minutes to include the approval as well as updated By-Laws.|
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Item B - Amended Return
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Doing Business As Names
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part I, line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part I, line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part I, line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part I, line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Part II, line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Part V, line 34
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Kristina Wright Peterson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Founder
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-06-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MEDCITY FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MEDC
ReturnHeader/Filer/EIN0465056599
ReturnHeader/Filer/ForeignPhoneNum05074246336
ReturnHeader/Filer/InCareOfNm0% Kristina Wright Peterson
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 7401
ReturnHeader/Filer/USAddress/CityNm0Rochester
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055903
ReturnHeader/ReturnTs02022-06-08T03:52:18-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02020-09-01
ReturnHeader/TaxPeriodEndDt02021-08-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$271,240
Liabilities
$242,269
Net assets
$28,971
Revenue
$86,968
Expenses
$75,319
Net income
$11,649
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.95$2.28$0.67$1.04$0.71$0.32
2024Detailed filing. Detailed filing data is available for this year.$2.05$0.03$0.67$0.69$0.03
2022Summary only. Only limited summary data is available for this year.$2.38$2.02$0.91$0.84$0.08
2021Detailed filing. Detailed filing data is available for this year.$2.71$2.42$0.29$0.87$0.75$0.12
2020Summary only. Only limited summary data is available for this year.$2.52$2.09$0.57$0.70$0.13