Civic Intelligence

Otis Redding Foundation Inc.

990 • Fiscal year 2018 • EIN 58-2435617

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

339 Cotton AvenueMacon, GA 31201

(478) 742-5737

Siviq Scores

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

Liabilities / Assets

94th percentile

0.95x

Higher debt load relative to assets than 94% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

89th percentile

0.25x

Higher debt load relative to revenue than 89% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

43rd percentile

0.5%

Higher net margin than 43% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

93rd percentile

129%

Faster asset growth than 93% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

83rd percentile

42%

Faster revenue growth than 83% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$77,208

Up $43,484 (+129%) from 2017

Net Assets

Up

$3,578

Up $1,518 (+74%) from 2017

Liabilities

Up

$73,630

Up $41,966 (+133%) from 2017

Revenue

Up

$291,054

Up $86,025 (+42%) from 2017

Expenses

Up

$289,536

Up $99,296 (+52%) from 2017

Net Income

Down

$1,518

Down $13,271 (-90%) from 2017

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2010: $2,066Liabilities 2010: $6,452Net Assets 2010: -$4,3862010Assets 2011: $2,965Liabilities 2011: $5,985Net Assets 2011: -$3,0202011Assets 2012: $4,176Liabilities 2012: $8,107Net Assets 2012: -$3,9312012Assets 2015: $6,924Liabilities 2015: $27,0832015Assets 2016: $11,221Liabilities 2016: $23,950Net Assets 2016: -$12,7292016Assets 2017: $33,724Liabilities 2017: $31,664Net Assets 2017: $2,0602017Assets 2018: $77,208Liabilities 2018: $73,630Net Assets 2018: $3,5782018Assets 2019: $172,076Liabilities 2019: $64,776Net Assets 2019: $107,3002019Assets 2020: $362,165Liabilities 2020: $53,629Net Assets 2020: $308,5362020Assets 2021: $2,235,839Liabilities 2021: $1,036,752Net Assets 2021: $1,199,0872021Assets 2022: $3,155,096Liabilities 2022: $510,254Net Assets 2022: $2,644,8422022Assets 2023: $4,817,697Liabilities 2023: $12,476Net Assets 2023: $4,805,2212023Assets 2024: $9,614,959Liabilities 2024: $2,771,996Net Assets 2024: $6,842,9632024

Highlighted filing

2018

Assets$77,208
Liabilities$73,630
Net Assets$3,578

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $49,9542010Expenses 2011: $232,7292011Expenses 2012: $82,4302012Revenue 2015: $109,224Expenses 2015: $114,824Net Income 2015: -$5,6002015Revenue 2016: $304,878Expenses 2016: $297,448Net Income 2016: $7,4302016Revenue 2017: $205,029Expenses 2017: $190,240Net Income 2017: $14,7892017Revenue 2018: $291,054Expenses 2018: $289,536Net Income 2018: $1,5182018Revenue 2019: $410,447Expenses 2019: $306,725Net Income 2019: $103,7222019Revenue 2020: $437,897Expenses 2020: $241,661Net Income 2020: $196,2362020Revenue 2021: $1,312,142Expenses 2021: $421,591Net Income 2021: $890,5512021Revenue 2022: $2,092,579Expenses 2022: $606,135Net Income 2022: $1,486,4442022Revenue 2023: $2,835,145Expenses 2023: $688,362Net Income 2023: $2,146,7832023Revenue 2024: $2,758,489Expenses 2024: $729,149Net Income 2024: $2,029,3402024

Highlighted filing

2018

Revenue$291,054
Expenses$289,536
Net Income$1,518
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$331,736
Mission and Program Overview

Mission

Present programs involving music, writing and instrumentation for youth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,324$54,878▲ $49,554
Cash and Non-Interest-Bearing Accounts$28,400$18,330▼ $10,070
Other Notes and Loans Receivable, Net-$4,000-
Total Assets$33,724$77,208▲ $43,484
Liabilities
Mortgage Notes Payable Secured by Investment Property-$43,359-
Accounts Payable and Accrued Expenses$31,664$30,271▼ $1,393
Total Liabilities$31,664$73,630▲ $41,966
Net Assets / Fund Balance
Unrestricted Net Assets$2,060$3,578▲ $1,518
Total Net Assets Fund Balance$2,060$3,578▲ $1,518
Total Liabilities and Net Assets / Fund Balance$33,724$77,208▲ $43,484

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$51,726$1,784$53,510
Other Land Buildings$3,152$3,414$6,566
Equipment$0$718$718
Compensation and Service Providers

Board Members and Trustees

NameTitle
Zelma ReddingPresident
Arron SaxeBoard Member
Jeff BattcherBoard Member
Jessica WaldenBoard Member
Kenny NemesBoard Member
Roderick CoxBoard Member
Stephen DaughertyBoard Member
Karla Redding-AndrewsExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$263,115
Program Service Revenue
$10,030
Investment Income
$0
Other Revenue
$17,909
All Other Contributions
$263,115
Change in Net Assets
$1,518
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$242,326
Salaries, Compensation, and Employee Benefits$47,210
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$43,600--$43,600
All Other Expenses$39,712--$39,712
Other Expenses$19,463$24,300-$19,463
Advertising$12,428--$12,428
Office Expenses$5,369$5,369-$10,738
Occupancy$10,404--$10,404
Insurance$6,709--$6,709
Interest$5,604--$5,604
Depreciation Depletion-$3,956-$3,956
Payroll Taxes$3,610--$3,610
Fees for Services Accounting-$3,200-$3,200
Travel$1,790--$1,790
Total Functional Expenses$252,711$36,825$0$289,536
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$40,485
Fundraising Direct Expenses$37,455
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Night at the Appollo$40,485$40,485$37,455$3,030
Total Events$40,485$40,485$37,455$3,030
Political and Lobbying Activity
Political campaign activity
No
Lobbying 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
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, Part VI, Section A, line 2

Officers are family members

Form 990, Part VI, Section B, line 11B

Executive Director reviews Form 990

Form 990, Part VI, Section B, line 12C

The board discusses compliance with the conflict of interest policy at each meeting.

Form 990, Part VI, Section C, line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Otis Redding Foundation Inc
EIN
58-2435617
Phone
4787425737
Address
339 Cotton Avenue, Macon, GA 31201

Signing Officer

Name
Karla Redding-Andrews
Title
Executive Director
Phone
4787425737
Signed
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karla Redding-Andrews
Formed
1998
Legal Domicile
Ga
Voting Board Members
8
Independent Board Members
8
Employees
3
Volunteers
5

Preparer

Firm
Mauldin & Jenkins LLC
Address
P O Box 1877, Macon, GA 31202-1877
Preparer
Aaron W Marshall
Phone
4784648000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 24E

Consulting Expenses: Program service expenses 12,598. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,598. Telephone & Internet: Program service expenses 4,767. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,767. Other Business Expenses: Program service expenses 4,579. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,579. Programming Expense: Program service expenses 3,860. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,860. Utilities: Program service expenses 3,839. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,839. Gifts & Awards: Program service expenses 2,526. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,526. Meals & Entertainment: Program service expenses 2,444. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,444. Miscellaneous: Program service expenses 1,400. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,400. Other Taxes: Program service expenses 1,251. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,251. Bank Charges: Program service expenses 1,126. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,126. Dues & Memberships: Program service expenses 1,113. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,113. Image Licensing: Program service expenses 209. Management and general expenses 0. Fundraising expenses 0. Total expenses 209.

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IRS990ScheduleA/Total509Grp/TotalAmt0992076
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0291054
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0205029
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0304878
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0104171
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt086944
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0992076
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
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0718
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0718
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt051726
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01784
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt053510
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03152
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03414
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06566
IRS990ScheduleD/TotalBookValueLandBuildingsAmt054878
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt037455
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Night at the Appollo
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt040485
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt040485
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt040485
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt040485
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt03030
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt037455
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt037455
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Officers are family members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Executive Director reviews Form 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board discusses compliance with the conflict of interest policy at each meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Consulting Expenses: Program service expenses 12,598. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,598. Telephone & Internet: Program service expenses 4,767. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,767. Other Business Expenses: Program service expenses 4,579. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,579. Programming Expense: Program service expenses 3,860. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,860. Utilities: Program service expenses 3,839. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,839. Gifts & Awards: Program service expenses 2,526. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,526. Meals & Entertainment: Program service expenses 2,444. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,444. Miscellaneous: Program service expenses 1,400. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,400. Other Taxes: Program service expenses 1,251. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,251. Bank Charges: Program service expenses 1,126. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,126. Dues & Memberships: Program service expenses 1,113. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,113. Image Licensing: Program service expenses 209. Management and general expenses 0. Fundraising expenses 0. Total expenses 209.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, line 24e
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt033724
IRS990/TotalAssetsEOYAmt077208
IRS990/TotalAssetsGrp/BOYAmt033724
IRS990/TotalAssetsGrp/EOYAmt077208
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0263115
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt036825
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0252711
IRS990/TotalFunctionalExpensesGrp/TotalAmt0289536
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt031664
IRS990/TotalLiabilitiesEOYAmt073630
IRS990/TotalLiabilitiesGrp/BOYAmt031664
IRS990/TotalLiabilitiesGrp/EOYAmt073630
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02060
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03578
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0252711
IRS990/TotalProgramServiceRevenueAmt010030
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt03030
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt024909
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0291054
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt033724
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt077208
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt01790
IRS990/TravelGrp/TotalAmt01790
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02060
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03578
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0339 Cotton Avenue
IRS990/USAddress/CityNm0Macon
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd031201
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Karla Redding-Andrews
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum04787425737
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Otis Redding Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0OTIS
ReturnHeader/Filer/EIN0582435617
ReturnHeader/Filer/PhoneNum04787425737
ReturnHeader/Filer/USAddress/AddressLine1Txt0339 Cotton Avenue
ReturnHeader/Filer/USAddress/CityNm0Macon
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd031201
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DE1D2CD96515A8656E2985C521619B7143C6F1A2
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId06D3723FE48E857C0646E325CCD0293C134F11BD8
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt012.8.221.82
ReturnHeader/FilingSecurityInformation/IPDt02019-11-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm011:44:46
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0580692043
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Mauldin & Jenkins LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0P O Box 1877
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Macon

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