Civic Intelligence

Otis Redding Foundation Inc.

990 • Fiscal year 2019 • EIN 58-2435617

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 24, 2020

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

88th percentile

0.38x

Higher debt load relative to assets than 88% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

86th percentile

0.16x

Higher debt load relative to revenue than 86% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

80th percentile

25%

Higher net margin than 80% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

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.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

92nd percentile

123%

Faster asset growth than 92% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

83rd percentile

41%

Faster revenue growth than 83% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$172,076

Up $94,868 (+123%) from 2018

Net Assets

Up

$107,300

Up $103,722 (+2899%) from 2018

Liabilities

Down

$64,776

Down $8,854 (-12%) from 2018

Revenue

Up

$410,447

Up $119,393 (+41%) from 2018

Expenses

Up

$306,725

Up $17,189 (+5.9%) from 2018

Net Income

Up

$103,722

Up $102,204 (+6733%) from 2018

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

2019

Assets$172,076
Liabilities$64,776
Net Assets$107,300

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

2019

Revenue$410,447
Expenses$306,725
Net Income$103,722
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 24, 2020
Return Version
2019v5.1
Gross Receipts
$428,535
Mission and Program Overview

Mission

Present programs involving music, writing and instrumentation for youth.

To empower, enrich and motivate all young people through programs involving music, writing and instrumentation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$18,330$117,026▲ $98,696
Land, Buildings, and Equipment, Net$54,878$50,050▼ $4,828
Other Notes and Loans Receivable, Net$4,000$0▼ $4,000
Total Assets$77,208$172,076▲ $94,868
Other Assets Total$0$5,000▲ $5,000
Liabilities
Mortgage Notes Payable Secured by Investment Property$43,359$39,360▼ $3,999
Accounts Payable and Accrued Expenses$30,271$20,416▼ $9,855
Other Liabilities$0$5,000▲ $5,000
Total Liabilities$73,630$64,776▼ $8,854
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,578$107,300▲ $103,722
Total Net Assets Fund Balance$3,578$107,300▲ $103,722
Total Liabilities and Net Assets / Fund Balance$77,208$172,076▲ $94,868

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$48,159$5,351$53,510
Other Land Buildings$1,891$4,675$6,566
Equipment$0$718$718
Compensation and Service Providers

Board Members and Trustees

NameTitle
Zelma ReddingPresident
Chris JacksonBoard Member
Jeff BattcherBoard Member
Jessica WaldenBoard Member
Kevin WilliamsBoard Member
Matt AshworthBoard Member
Rumer ShirakbariBoard Member
Stephen DaughertyBoard Member
Thane GoodBoard Member
Valerie BradleyBoard Member
Karla Redding-AndrewsExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$382,337
Program Service Revenue
$22,204
Investment Income
$0
Other Revenue
$5,906
All Other Contributions
$382,337
Change in Net Assets
$103,722
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$226,893
Salaries, Compensation, and Employee Benefits$79,832
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$71,100--$71,100
All Other Expenses$34,736--$34,736
Office Expenses$8,850$8,850-$17,700
Travel$12,029--$12,029
Other Expenses$10,770$9,804-$10,770
Advertising$8,920--$8,920
Payroll Taxes$8,732--$8,732
Insurance$7,306--$7,306
Occupancy$6,532--$6,532
Depreciation Depletion-$4,828-$4,828
Interest$4,810--$4,810
Fees for Services Accounting-$4,230-$4,230
Total Functional Expenses$279,013$27,712$0$306,725
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$280
Fundraising Direct Expenses$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Endowment Fund Liability$5,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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, 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
2020-09-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karla Redding-Andrews
Formed
1998
Legal Domicile
Ga
Voting Board Members
11
Independent Board Members
11
Employees
4
Volunteers
4

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

Charitable Donations: Program service expenses 10,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,000. Meals & Entertainment: Program service expenses 5,603. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,603. Utilities: Program service expenses 5,173. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,173. Telephone & Internet: Program service expenses 4,678. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,678. Website: Program service expenses 1,930. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,930. Dues & Memberships: Program service expenses 1,900. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,900. Other Taxes: Program service expenses 1,142. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,142. Other Business Expenses: Program service expenses 1,030. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,030. Rent: Program service expenses 925. Management and general expenses 0. Fundraising expenses 0. Total expenses 925. Bank Charges: Program service expenses 855. Management and general expenses 0. Fundraising expenses 0. Total expenses 855. Gifts & Awards: Program service expenses 750. Management and general expenses 0. Fundraising expenses 0. Total expenses 750. Bonus: Program service expenses 750. Management and general expenses 0. Fundraising expenses 0. Total expenses 750.

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IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0410447
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt0144307
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt088403
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0232710
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0382337
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0263115
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0142041
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0228333
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt044906
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01060732
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt028110
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt027939
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt062988
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt076545
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt059265
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0254847
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.69140
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0909634
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0219407
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0180538
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt06000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0405945
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt075100
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt092135
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt06000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0173235
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0410447
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0291054
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0205029
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0304878
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0104171
IRS990ScheduleA/Total509Grp/TotalAmt01315579
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0410447
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0291054
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0205029
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0304878
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0104171
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01315579
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/BookValueAmt048159
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05351
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt053510
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01891
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04675
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06566
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Endowment Fund Liability
IRS990ScheduleD/TotalBookValueLandBuildingsAmt050050
IRS990ScheduleD/TotalLiabilityAmt05000
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/ExplanationTxt4Charitable Donations: Program service expenses 10,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,000. Meals & Entertainment: Program service expenses 5,603. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,603. Utilities: Program service expenses 5,173. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,173. Telephone & Internet: Program service expenses 4,678. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,678. Website: Program service expenses 1,930. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,930. Dues & Memberships: Program service expenses 1,900. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,900. Other Taxes: Program service expenses 1,142. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,142. Other Business Expenses: Program service expenses 1,030. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,030. Rent: Program service expenses 925. Management and general expenses 0. Fundraising expenses 0. Total expenses 925. Bank Charges: Program service expenses 855. Management and general expenses 0. Fundraising expenses 0. Total expenses 855. Gifts & Awards: Program service expenses 750. Management and general expenses 0. Fundraising expenses 0. Total expenses 750. Bonus: Program service expenses 750. Management and general expenses 0. Fundraising expenses 0. Total expenses 750.
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/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt077208
IRS990/TotalAssetsEOYAmt0172076
IRS990/TotalAssetsGrp/BOYAmt077208
IRS990/TotalAssetsGrp/EOYAmt0172076
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0382337
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt027712
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0279013
IRS990/TotalFunctionalExpensesGrp/TotalAmt0306725
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt073630
IRS990/TotalLiabilitiesEOYAmt064776
IRS990/TotalLiabilitiesGrp/BOYAmt073630
IRS990/TotalLiabilitiesGrp/EOYAmt064776
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03578
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0107300
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0279013
IRS990/TotalProgramServiceRevenueAmt022204
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0280
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt027830
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0410447
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt077208
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0172076
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt012029
IRS990/TravelGrp/TotalAmt012029
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0339 Cotton Avenue
IRS990/USAddress/CityNm0Macon
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd031201
IRS990/VotingMembersGoverningBodyCnt011

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