Redf

“REDF's 990 is initially reviewed by the Director of Finance and President & CEO, followed by a review by REDF's audit committee. The audit committee includes two members of the Board of Directors who act on behalf of the Board. Upon approval by the audit committee, the 990 is provided to the full Board of Directors prior to filing.”

“REDF regularly enforces compliance with our conflict of interest policy for all employees and requires the Organizations' Board of Directors to annually sign a Conflict of Interest Statement.”

“A compensation study is performed for all roles in the organization. Goals and compensation levels are set annually for all employees and reviewed and approved by the Executive Committee (President & CEO, Chief Financial and Administrative Officer and Chief Program Officer). Compensation levels are set within the boundaries of the annual Board approved organizational budget.”

“REDF makes its governing documents, conflict of interest policy and financial statements available to the public upon request via hard or electronic copy. REDFs Financial Statements are also made available on www.redf.org and REDFs 990 available on www.redf.org and on www.guidestar.org.”

“REDF has earned and reinvested in their businesses more than $467 million in revenue and employed over 27,000 people, helping spending for government programs go further while improving lives and communities. Social enterprises are businesses with a clear social mission, and they take their profits and invest it in helping people. These are businesses that both provide real jobs and help employees stabilize their lives with extra services - ones that help them build their skills and develop a work history. Those services might include financial literacy classes, housing, personal counselling, and help with business attire or work uniforms. When employees are ready, social enterprises help them find lasting, competitive jobs. REDF invests specifically in social enterprises that have the explicit mission of hiring and supporting people who are overcoming the greatest barriers to work - including histories of homelessness and incarceration, substance abuse and mental health challenges, as well as limited education. As businesses that must survive in the real world, social enterprises are different from traditional social service agencies. They are competitive places of commerce, built on quality goods or services people want. With a consumer niche and smart business savvy, social enterprises are able to make money and reinvest it to serve their mission of transforming lives. REDF's approach harnesses the power of the market for social impact.”

“Payroll service fees: Program service expenses 0. Management and general expenses 88,207. Fundraising expenses 0. Total expenses 88,207. Consultants: Program service expenses 1,654,470. Management and general expenses 151,577. Fundraising expenses 94,819. Total expenses 1,900,866.”