Civic Intelligence

Rappahannock Economic Development Corporation

990 • Fiscal year 2022 • EIN 54-1389463

Oct 01, 2021 to Sep 30, 2022 • Filed on Mar 22, 2023

Organization ProfileWWW.REDCO504.ORG
710 Princess Anne Street Suite 2Fredericksburg, VA 22401

(540) 373-2897

Siviq Scores

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

Liabilities / Assets

68th percentile

0.13x

Higher debt load relative to assets than 68% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

63rd percentile

0.11x

Higher debt load relative to revenue than 63% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2022

Net Margin

33rd percentile

-0.8%

Higher net margin than 33% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

98th percentile

$215,769

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 33.8% of source-year revenue.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2022

Asset Growth

12th percentile

-16%

Faster asset growth than 12% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

50th percentile

4.8%

Faster revenue growth than 50% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets68th percentile

Assets

Down

$549,871

Down $106,758 (-16%) from 2021

Net Assets

Down

$478,035

Down $5,214 (-1.1%) from 2021

Liabilities

Down

$71,836

Down $101,544 (-59%) from 2021

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin33rd percentile

Revenue

Up

$637,675

Up $29,069 (+4.8%) from 2021

Expenses

Up

$642,889

Up $83,781 (+15%) from 2021

Net Income

Down

-$5,214

Down $54,712 (-111%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$800K$600K$400K$200K$0Assets 2011: $475,014Liabilities 2011: $29,387Net Assets 2011: $445,6272011Assets 2012: $449,028Liabilities 2012: $24,330Net Assets 2012: $424,6982012Assets 2013: $429,157Liabilities 2013: $20,535Net Assets 2013: $408,6222013Assets 2014: $452,544Liabilities 2014: $12,323Net Assets 2014: $440,2212014Assets 2015: $383,471Liabilities 2015: $26,130Net Assets 2015: $357,3412015Assets 2016: $346,962Liabilities 2016: $14,642Net Assets 2016: $332,3202016Assets 2017: $361,361Liabilities 2017: $14,966Net Assets 2017: $346,3952017Assets 2018: $364,428Liabilities 2018: $24,027Net Assets 2018: $340,4012018Assets 2019: $434,948Liabilities 2019: $96,902Net Assets 2019: $338,0462019Assets 2020: $483,122Liabilities 2020: $49,371Net Assets 2020: $433,7512020Assets 2021: $656,629Liabilities 2021: $173,380Net Assets 2021: $483,2492021Assets 2022: $549,871Liabilities 2022: $71,836Net Assets 2022: $478,0352022Assets 2023: $620,046Liabilities 2023: $129,745Net Assets 2023: $490,3012023Assets 2024: $613,702Liabilities 2024: $113,609Net Assets 2024: $500,0932024

Highlighted filing

2022

Assets$549,871
Liabilities$71,836
Net Assets$478,035
Open 2022 Filing

Operations Trend

Revenue Growth50th percentile

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

$1.0M$500K$0-$500KExpenses 2011: $287,2482011Expenses 2012: $299,6622012Expenses 2013: $306,9372013Revenue 2014: $295,518Expenses 2014: $263,919Net Income 2014: $31,5992014Revenue 2015: $236,826Expenses 2015: $319,706Net Income 2015: -$82,8802015Revenue 2016: $332,483Expenses 2016: $357,504Net Income 2016: -$25,0212016Revenue 2017: $371,955Expenses 2017: $357,880Net Income 2017: $14,0752017Revenue 2018: $330,764Expenses 2018: $336,758Net Income 2018: -$5,9942018Revenue 2019: $375,293Expenses 2019: $377,648Net Income 2019: -$2,3552019Revenue 2020: $507,587Expenses 2020: $411,882Net Income 2020: $95,7052020Revenue 2021: $608,606Expenses 2021: $559,108Net Income 2021: $49,4982021Revenue 2022: $637,675Expenses 2022: $642,889Net Income 2022: -$5,2142022Revenue 2023: $728,607Expenses 2023: $716,341Net Income 2023: $12,2662023Revenue 2024: $702,011Expenses 2024: $692,219Net Income 2024: $9,7922024

Highlighted filing

2022

Revenue$637,675
Expenses$642,889
Net Income-$5,214
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Mar 22, 2023
Return Version
2021v4.0
Gross Receipts
$637,675
Mission and Program Overview

Mission

To promote economic development and growth of the small business community within the commonwealth of virginia. To promote and increase private sector investment in long-term fixed assets, which will increase productivity, create or retain employment opportunities and increase the local tax base in the area of operations. In summary, it is the intent of the rappahannock economic development corporation to provide a positive economic impact within its community, or meet a public policy goal of the small business administration (sba).

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$464,932$311,998▼ $152,934
Savings and Temporary Cash Investments$183,110$231,592▲ $48,482
Accounts Receivable$3,094$3,397▲ $303
Land, Buildings, and Equipment, Net$3,318$1,967▼ $1,351
Prepaid Expenses and Deferred Charges$2,175$917▼ $1,258
Total Assets$656,629$549,871▼ $106,758
Liabilities
Deferred Revenue$105,325$38,350▼ $66,975
Accounts Payable and Accrued Expenses$68,055$33,486▼ $34,569
Total Liabilities$173,380$71,836▼ $101,544
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$483,249$478,035▼ $5,214
Total Net Assets Fund Balance$483,249$478,035▼ $5,214
Total Liabilities and Net Assets / Fund Balance$656,629$549,871▼ $106,758

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,967$21,051$23,018
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joe DistefanoPresidentFT$160,876$54,893$215,769

Board Members and Trustees

NameTitle
Brenda HisghmanChair
Jeff RousePast Chair
Brian BakerVice Chair
Blanton MasseyDirector
Curry RobertsDirector
Don NewlinDirector
Jim HowardDirector
Matt KellyDirector
Mike KennisonDirector
Steven ApicellaDirector
Bill OetersAssistant Se
Kristin ShieldsSecretary
Teri TostiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$629,558
Investment Income
$8,117
Other Revenue
$0
Change in Net Assets
$-5,214

Audited Revenue Reconciliation

Revenue per Audited Statements
$637,675
Total Revenue per Audited Statements
$637,675
Total Revenue per Form 990
$637,675
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$481,887
Other Expenses$161,002
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$204,981$10,788-$215,769
Other Salaries and Wages$145,085$7,637-$152,722
Other Employee Benefits$81,563$4,292-$85,855
Payroll Taxes$26,164$1,377-$27,541
Fees for Services Other$25,000--$25,000
Occupancy$12,831$675-$13,506
All Other Expenses$8,545--$8,545
Insurance$7,796--$7,796
Fees for Services Accounting$6,950--$6,950
Office Expenses$6,626--$6,626
Travel$5,807--$5,807
Other Expenses$5,479--$5,479
Conferences and Meetings$3,499--$3,499
Depreciation Depletion$1,283$68-$1,351
Advertising$1,338--$1,338
Total Functional Expenses$618,052$24,837$0$642,889

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$642,889
Total Expenses per Audited Statements$642,889
Total Expenses per Form 990$642,889
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The organization has general members.”

Form 990, Page 6, Part VI, Line 7A

“The general members elect the board members.”

Form 990, Page 6, Part VI, Line 11B

“Rfca submits the draft 990 to the treasurer for review. Copies are kept for the board to review if they please.”

Form 990, Page 6, Part VI, Line 12C

“There is a written conflict of interest policy for employees in the employee handbook and a form that employees must complete yearly.”

Form 990, Page 6, Part VI, Line 19

“The organization makes documents available upon request.”

Filing and Contact Details

Filer

Filer Name
Rappahannock Economic Development
EIN
54-1389463
Phone
5403732897
Address
710 PRINCESS ANNE STREET SUITE 2, FREDERICKSBURG, VA 22401

Signing Officer

Name
Joe Distefano
Title
President
Phone
5403732897
Signed
2023-03-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Distefano
Formed
1983
Legal Domicile
Va
Voting Board Members
13
Independent Board Members
13
Employees
3

Preparer

Firm
Robinson Farmer Cox Associates
Address
530 WESTFIELD RD, CHARLOTTESVILLE, VA 22901-1726
Preparer
Andrew P Grossnickle
Phone
4349738314
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To promote economic development and growth of the small business community within the commonwealth of virginia. To promote and increase private sector investment in long-term fixed assets, which will increase productivity, create or retain employment opportunities and increase the local tax base in the area of operations. In summary, it is the intent of the rappahannock economic development corporation to provide a positive economic impact within its community, or meet a public policy goal of the small business administration (sba).”

Form 990, Page 2, Part III, Line 4D

“Enabling participation in sba loan programs.”

Financial Statement Notes

Schedule D, Page 3, Part X

“Redco is a not-for-profit organization that is exempt from income taxes under section 501(c)(4) of the internal revenue code. Management evaluated the organization's tax positions and determined that the organization has no uncertain tax positions that require adjustment to, or disclosure in, the financial statements. The organization files information returns in the u.s. Federal jurisdiction.”

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IRS990/MissionDesc0TO PROMOTE ECONOMIC DEVELOPMENT AND GROWTH OF THE SMALL BUSINESS COMMUNITY WITHIN THE COMMONWEALTH OF VIRGINIA. TO PROMOTE AND INCREASE PRIVATE SECTOR INVESTMENT IN LONG-TERM FIXED ASSETS, WHICH WILL INCREASE PRODUCTIVITY, CREATE OR RETAIN EMPLOYMENT OPPORTUNITIES AND INCREASE THE LOCAL TAX BASE IN THE AREA OF OPERATIONS. IN SUMMARY, IT IS THE INTENT OF THE RAPPAHANNOCK ECONOMIC DEVELOPMENT CORPORATION TO PROVIDE A POSITIVE ECONOMIC IMPACT WITHIN ITS COMMUNITY, OR MEET A PUBLIC POLICY GOAL OF THE SMALL BUSINESS ADMINISTRATION (SBA).
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt0478035
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0483249
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0478035
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0675
IRS990/OccupancyGrp/ProgramServicesAmt012831
IRS990/OccupancyGrp/TotalAmt013506
IRS990/OfficeExpensesGrp/ProgramServicesAmt06626
IRS990/OfficeExpensesGrp/TotalAmt06626
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04292
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt081563
IRS990/OtherEmployeeBenefitsGrp/TotalAmt085855
IRS990/OtherExpensesGrp/Desc0CLOSING COSTS
IRS990/OtherExpensesGrp/Desc1SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2TELEPHONE, INTERNET, FAX
IRS990/OtherExpensesGrp/Desc3WEBSITE DEVELOPMENT
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IRS990/OtherExpensesGrp/ProgramServicesAmt114628
IRS990/OtherExpensesGrp/ProgramServicesAmt28377
IRS990/OtherExpensesGrp/ProgramServicesAmt35479
IRS990/OtherExpensesGrp/TotalAmt052100
IRS990/OtherExpensesGrp/TotalAmt114628
IRS990/OtherExpensesGrp/TotalAmt28377
IRS990/OtherExpensesGrp/TotalAmt35479
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0152722
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01377
IRS990/PayrollTaxesGrp/ProgramServicesAmt026164
IRS990/PayrollTaxesGrp/TotalAmt027541
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02175
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0917
IRS990/PrincipalOfficerNm0JOE DISTEFANO
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/BusinessCd1541100
IRS990/ProgramServiceRevenueGrp/BusinessCd2541100
IRS990/ProgramServiceRevenueGrp/BusinessCd3541100
IRS990/ProgramServiceRevenueGrp/Desc0SERVICING FEES
IRS990/ProgramServiceRevenueGrp/Desc1LOAN PROCESSING FEES
IRS990/ProgramServiceRevenueGrp/Desc2CLOSING ATTORNEY COSTS
IRS990/ProgramServiceRevenueGrp/Desc3LATE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0348935
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1227788
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt252500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3335
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0348935
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1227788
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt252500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3335
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ENABLING PARTICIPATION IN SBA LOAN PROGRAMS.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt05633
IRS990/PYOtherExpensesAmt0127295
IRS990/PYProgramServiceRevenueAmt0602973
IRS990/PYRevenuesLessExpensesAmt049498
IRS990/PYSalariesCompEmpBnftPaidAmt0431813
IRS990/PYTotalExpensesAmt0559108
IRS990/PYTotalRevenueAmt0608606
IRS990/ReconcilationRevenueExpnssAmt0-5214
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0629558
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0183110
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0231592
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt01967
IRS990ScheduleD/EquipmentGrp/DepreciationAmt021051
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt023018
IRS990ScheduleD/ExpensesSubtotalAmt0642889
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueSubtotalAmt0637675
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0REDCO IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND DETERMINED THAT THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO, OR DISCLOSURE IN, THE FINANCIAL STATEMENTS. THE ORGANIZATION FILES INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01967
IRS990ScheduleD/TotalExpensesPerForm990Amt0642889
IRS990ScheduleD/TotalRevenuePerForm990Amt0637675
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0637675
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0642889
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0160876
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount054893
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOE DISTEFANO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0215769
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROMOTE ECONOMIC DEVELOPMENT AND GROWTH OF THE SMALL BUSINESS COMMUNITY WITHIN THE COMMONWEALTH OF VIRGINIA. TO PROMOTE AND INCREASE PRIVATE SECTOR INVESTMENT IN LONG-TERM FIXED ASSETS, WHICH WILL INCREASE PRODUCTIVITY, CREATE OR RETAIN EMPLOYMENT OPPORTUNITIES AND INCREASE THE LOCAL TAX BASE IN THE AREA OF OPERATIONS. IN SUMMARY, IT IS THE INTENT OF THE RAPPAHANNOCK ECONOMIC DEVELOPMENT CORPORATION TO PROVIDE A POSITIVE ECONOMIC IMPACT WITHIN ITS COMMUNITY, OR MEET A PUBLIC POLICY GOAL OF THE SMALL BUSINESS ADMINISTRATION (SBA).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ENABLING PARTICIPATION IN SBA LOAN PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS GENERAL MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GENERAL MEMBERS ELECT THE BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4RFCA SUBMITS THE DRAFT 990 TO THE TREASURER FOR REVIEW. COPIES ARE KEPT FOR THE BOARD TO REVIEW IF THEY PLEASE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THERE IS A WRITTEN CONFLICT OF INTEREST POLICY FOR EMPLOYEES IN THE EMPLOYEE HANDBOOK AND A FORM THAT EMPLOYEES MUST COMPLETE YEARLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION MAKES DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0656629
IRS990/TotalAssetsEOYAmt0549871
IRS990/TotalAssetsGrp/BOYAmt0656629
IRS990/TotalAssetsGrp/EOYAmt0549871
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt024837
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0618052
IRS990/TotalFunctionalExpensesGrp/TotalAmt0642889
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0173380
IRS990/TotalLiabilitiesEOYAmt071836
IRS990/TotalLiabilitiesGrp/BOYAmt0173380
IRS990/TotalLiabilitiesGrp/EOYAmt071836
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0483249
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0478035
IRS990/TotalProgramServiceExpensesAmt0618052
IRS990/TotalProgramServiceRevenueAmt0629558
IRS990/TotalReportableCompFromOrgAmt0215769
IRS990/TotalRevenueGrp/ExclusionAmt08117
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0629558
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0637675
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0656629
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0549871
IRS990/TravelGrp/ProgramServicesAmt05807
IRS990/TravelGrp/TotalAmt05807
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.REDCO504.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOE DISTEFANO

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$549,871
Liabilities
$71,836
Net assets
$478,035
Revenue
$637,675
Expenses
$642,889
Net income
-$5,214
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.14$1.14$5.00$7.02$6.92$0.10
2023Detailed filing. Detailed filing data is available for this year.$6.20$1.30$4.90$7.29$7.16$0.12
2022Detailed filing. Detailed filing data is available for this year.$5.50$0.72$4.78$6.38$6.43$0.05
2021Detailed filing. Detailed filing data is available for this year.$6.57$1.73$4.83$6.09$5.59$0.49
2020Detailed filing. Detailed filing data is available for this year.$4.83$0.49$4.34$5.08$4.12$0.96
2019Detailed filing. Detailed filing data is available for this year.$4.35$0.97$3.38$3.75$3.78$0.02
2018Detailed filing. Detailed filing data is available for this year.$3.64$0.24$3.40$3.31$3.37$0.06
2017Detailed filing. Detailed filing data is available for this year.$3.61$0.15$3.46$3.72$3.58$0.14
2016Detailed filing. Detailed filing data is available for this year.$3.47$0.15$3.32$3.32$3.58$0.25
2015Detailed filing. Detailed filing data is available for this year.$3.83$0.26$3.57$2.37$3.20$0.83
2014Detailed filing. Detailed filing data is available for this year.$4.53$0.12$4.40$2.96$2.64$0.32
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.29$0.21$4.09$3.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.49$0.24$4.25$3.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.75$0.29$4.46$2.87