Civic Intelligence

Otis Redding Foundation Inc.

990 • Fiscal year 2023 • EIN 58-2435617

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 29, 2024

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

24th percentile

0.00x

Higher debt load relative to assets than 24% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

23rd percentile

0.00x

Higher debt load relative to revenue than 23% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

96th percentile

76%

Higher net margin than 96% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

89th percentile

53%

Faster asset growth than 89% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

78th percentile

35%

Faster revenue growth than 78% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$4,817,697

Up $1,662,601 (+53%) from 2022

Net Assets

Up

$4,805,221

Up $2,160,379 (+82%) from 2022

Liabilities

Down

$12,476

Down $497,778 (-98%) from 2022

Revenue

Up

$2,835,145

Up $742,566 (+35%) from 2022

Expenses

Up

$688,362

Up $82,227 (+14%) from 2022

Net Income

Up

$2,146,783

Up $660,339 (+44%) from 2022

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

2023

Assets$4,817,697
Liabilities$12,476
Net Assets$4,805,221

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

2023

Revenue$2,835,145
Expenses$688,362
Net Income$2,146,783
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 29, 2024
Return Version
2023v5.0
Gross Receipts
$3,091,435
Mission and Program Overview

Mission

Present programs involving music, writing and instrumentation for youth.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,378,919$2,591,431▲ $1,212,512
Savings and Temporary Cash Investments$1,633,713$2,060,027▲ $426,314
Investments in Publicly Traded Securities$142,464$166,239▲ $23,775
Total Assets$3,155,096$4,817,697▲ $1,662,601
Liabilities
Mortgage Notes Payable Secured by Investment Property$503,537--
Accounts Payable and Accrued Expenses$6,717$12,476▲ $5,759
Total Liabilities$510,254$12,476▼ $497,778
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,251,139$4,832,339▲ $2,581,200
Net Assets Without Donor Restrictions$393,703$-27,118▼ $420,821
Total Net Assets Fund Balance$2,644,842$4,805,221▲ $2,160,379
Total Liabilities and Net Assets / Fund Balance$3,155,096$4,817,697▲ $1,662,601

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,677,207$19,620-
Other Land Buildings-$6,566-
Land$914,224--
Equipment-$718-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$167,464$5,000▲ $20,283-$191,239
2022$186,437$25,139▼ $33,603$-8,141$167,464
2021$18,059$157,500▲ $10,878-$186,437
2020$5,000$10,000▲ $3,059-$18,059
2019-$5,000--$5,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Zelma ReddingPresident
Andrea GrinerBoard Member
Arron SaxeBoard Member
Caryn FreyBoard Member
Chris JacksonBoard Member
Dr Kevin WilliamsBoard Member
Dr Rebecca LanningBoard Member
Dr Tanzy KilcreaseBoard Member
Karen LeeBoard Member
Michael McgowanBoard Member
Stacey TimothyBoard Member
T Scotty DuncanBoard Member
Karla Redding-andrewsVP/exec. Director
Jeff BattcherSecretary
Steve DaughertyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,965,679
Program Service Revenue
$37,804
Investment Income
$48,484
Other Revenue
$-216,822
All Other Contributions
$2,779,362
Change in Net Assets
$2,146,783
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$514,172
Salaries, Compensation, and Employee Benefits$172,660
Total Fundraising Expense$118,203
Grants and Similar Amounts Paid$1,530
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$118,278-$58,547$176,825
Other Salaries and Wages$107,200$40,992$5,000$153,192
Fees for Services Other$107,776-$38,400$146,176
Travel$25,784-$15,510$41,294
Office Expenses$20,198$20,197-$40,395
Occupancy$36,041--$36,041
Interest$31,933--$31,933
Other Expenses$22,893--$22,893
Other Employee Benefits$7,576$2,897$353$10,826
Payroll Taxes$5,003$3,246$393$8,642
Information Technology$7,964--$7,964
Fees for Services Accounting-$5,576-$5,576
Depreciation Depletion$3,567--$3,567
Grants to Domestic Individuals$1,530--$1,530
Fees for Service Investment Mgmnt Fees-$1,508-$1,508
Total Functional Expenses$495,743$74,416$118,203$688,362
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$225,194
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Evening of Resp$147,800-$60,418-
O'TIS THE SEASO$18,517---
Total Events$166,317-$225,194$-225,194
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 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 2

Officers are family members.

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

Executive director reviews form 990.

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

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

Form 990, Page 6, Part VI, 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
VP/exec. Director
Phone
4787425737
Signed
2024-10-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karla Redding-andrews
Formed
1998
Legal Domicile
Ga
Voting Board Members
15
Independent Board Members
15
Employees
4
Volunteers
55

Preparer

Firm
Howard Moore & Mcduffie Pc
Address
PO BOX 4547, MACON, GA 31208
Preparer
Georgia G Slagle
Phone
4787425317
Supplemental Narrative

Additional Explanations

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

For over 15 years, the otis redding foundation has had the privilege of serving over 5,000+ students ages 5-18 while upholding its mission to empower, enrich, and motivate all young people through programs involving music, writing, and instrumentation. We have provided both in-person and virtual learning opportunities to students across counties across the state of georgia and beyond. From new programs like, beyond the notes and our music makers workshop to our staple programs like, otis music camp and camp dream" we have successfully established creativity, built confidence and promoted the art of self-expression within our students. With the construction of the new otis redding center for the arts scheduled to open in the winter of 2025,we will serve more students and facilitate their needs in a state of the art space that is safe and welcoming to all youth regardless of race, religion, socio-economic status, ability or gender. The new otis redding center for the arts facility will be complete with arts-related creative spaces, a music production lab, multiple practice spaces, a full recording studio, and an incredible amphitheatre that allows for both indoor and outdoor performances. The growth in service and support has grown tremendously in the past few years due to the foundation's proven track record to make a difference in the community and the kids served.

Form 990, Part IX, Line 11G

Center instructors 14,163 0 0 outside contractors 32,685 0 0 camp coaches 60,928 0 0 fundraising fees 0 0 38,400 total 107,776 0 38,400

Form 990, Part XII

The foundation uses the modified cash basis of accounting. The foundation records income as it is received, expense as it is paid, and accrues credit card expenses, payroll tax, and sales tax.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Endowment is established for music program scholarships.

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IRS990/Desc0FOR OVER 15 YEARS, THE OTIS REDDING FOUNDATION HAS HAD THE PRIVILEGE OF SERVING OVER 5,000+ STUDENTS AGES 5-18 WHILE UPHOLDING ITS MISSION TO EMPOWER, ENRICH, AND MOTIVATE ALL YOUNG PEOPLE THROUGH PROGRAMS INVOLVING MUSIC, WRITING, AND INSTRUMENTATION. WE HAVE PROVIDED BOTH IN-PERSON AND VIRTUAL LEARNING OPPORTUNITIES TO STUDENTS ACROSS COUNTIES ACROSS THE STATE OF GEORGIA AND BEYOND. FROM NEW PROGRAMS LIKE, BEYOND THE NOTES AND OUR MUSIC MAKERS WORKSHOP TO OUR STAPLE PROGRAMS LIKE, OTIS MUSIC CAMP AND CAMP DREAM" WE HAVE SUCCESSFULLY ESTABLISHED CREATIVITY, BUILT CONFIDENCE AND PROMOTED THE ART OF SELF-EXPRESSION WITHIN OUR STUDENTS. WITH THE CONSTRUCTION OF THE NEW OTIS REDDING CENTER FOR THE ARTS SCHEDULED TO OPEN IN THE WINTER OF 2025,WE WILL SERVE MORE STUDENTS AND FACILITATE THEIR NEEDS IN A STATE OF THE ART SPACE THAT IS SAFE AND WELCOMING TO ALL YOUTH REGARDLESS OF RACE, RELIGION, SOCIO-ECONOMIC STATUS, ABILITY OR GENDER. THE NEW OTIS REDDING CENTER FOR THE ARTS FACILITY WILL BE COMPLETE WITH ARTS-RELATED CREATIVE SPACES, A MUSIC PRODUCTION LAB, MULTIPLE PRACTICE SPACES, A FULL RECORDING STUDIO, AND AN INCREDIBLE AMPHITHEATRE THAT ALLOWS FOR BOTH INDOOR AND OUTDOOR PERFORMANCES. THE GROWTH IN SERVICE AND SUPPORT HAS GROWN TREMENDOUSLY IN THE PAST FEW YEARS DUE TO THE FOUNDATION'S PROVEN TRACK RECORD TO MAKE A DIFFERENCE IN THE COMMUNITY AND THE KIDS SERVED.
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