Civic Intelligence

The Redbone Inc.

990 • Fiscal year 2022 • EIN 65-0180140

Jan 01, 2022 to Dec 31, 2022 • Filed on Apr 28, 2023

P O Box 273Islamorada, FL 33036

(305) 664-8452

Siviq Scores

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

Liabilities / Assets

85th percentile

0.24x

Higher debt load relative to assets than 85% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

91st percentile

0.45x

Higher debt load relative to revenue than 91% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

42nd percentile

0.4%

Higher net margin than 42% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

87th percentile

$27,500

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 16.2% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

40th percentile

-3.5%

Faster asset growth than 40% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

12th percentile

-46%

Faster revenue growth than 12% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$317,208

Down $11,431 (-3.5%) from 2021

Net Assets

Up

$241,219

Up $602 (+0.3%) from 2021

Liabilities

Down

$75,989

Down $12,033 (-14%) from 2021

Revenue

Down

$169,868

Down $147,199 (-46%) from 2021

Expenses

Down

$169,266

Down $106,673 (-39%) from 2021

Net Income

Down

$602

Down $40,526 (-99%) from 2021

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $359,082Liabilities 2011: $185,349Net Assets 2011: $173,7332011Assets 2012: $507,373Liabilities 2012: $256,239Net Assets 2012: $251,1342012Assets 2013: $403,773Liabilities 2013: $173,562Net Assets 2013: $230,2112013Assets 2014: $472,032Liabilities 2014: $303,236Net Assets 2014: $168,7962014Assets 2015: $446,759Liabilities 2015: $210,537Net Assets 2015: $236,2222015Assets 2016: $338,055Liabilities 2016: $148,026Net Assets 2016: $190,0292016Assets 2017: $409,493Liabilities 2017: $149,345Net Assets 2017: $260,1482017Assets 2018: $312,745Liabilities 2018: $100,006Net Assets 2018: $212,8392018Assets 2019: $294,728Liabilities 2019: $95,565Net Assets 2019: $199,1632019Assets 2020: $299,763Liabilities 2020: $100,099Net Assets 2020: $199,6642020Assets 2021: $328,639Liabilities 2021: $88,022Net Assets 2021: $240,6172021Assets 2022: $317,208Liabilities 2022: $75,989Net Assets 2022: $241,2192022Assets 2023: $301,317Liabilities 2023: $62,190Net Assets 2023: $239,1272023Assets 2024: $319,761Liabilities 2024: $62,989Net Assets 2024: $256,7722024

Highlighted filing

2022

Assets$317,208
Liabilities$75,989
Net Assets$241,219

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $191,897Expenses 2011: $198,856Net Income 2011: -$6,9592011Revenue 2012: $858,881Expenses 2012: $781,480Net Income 2012: $77,4012012Revenue 2013: $854,227Expenses 2013: $875,150Net Income 2013: -$20,9232013Revenue 2014: $739,208Expenses 2014: $800,623Net Income 2014: -$61,4152014Revenue 2015: $819,208Expenses 2015: $751,782Net Income 2015: $67,4262015Revenue 2016: $744,901Expenses 2016: $791,052Net Income 2016: -$46,1512016Revenue 2017: $538,518Expenses 2017: $541,337Net Income 2017: -$2,8192017Revenue 2018: $502,078Expenses 2018: $549,387Net Income 2018: -$47,3092018Revenue 2019: $413,001Expenses 2019: $426,677Net Income 2019: -$13,6762019Revenue 2020: $211,354Expenses 2020: $210,678Net Income 2020: $6762020Revenue 2021: $317,067Expenses 2021: $275,939Net Income 2021: $41,1282021Revenue 2022: $169,868Expenses 2022: $169,266Net Income 2022: $6022022Revenue 2023: $66,176Expenses 2023: $68,268Net Income 2023: -$2,0922023Revenue 2024: $116,536Expenses 2024: $88,891Net Income 2024: $27,6452024

Highlighted filing

2022

Revenue$169,868
Expenses$169,266
Net Income$602
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Apr 28, 2023
Return Version
2022v5.0
Gross Receipts
$169,868
Mission and Program Overview

Mission

All activities for research and treatment of Cystic Fibrosis.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$249,609$247,509▼ $2,100
Cash and Non-Interest-Bearing Accounts$55,548$45,446▼ $10,102
Accounts Receivable$10,000$12,348▲ $2,348
Investments Program Related$11,577$10,000▼ $1,577
Prepaid Expenses and Deferred Charges$1,905$1,905→ $0
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$328,639$317,208▼ $11,431
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$85,271$70,518▼ $14,753
Grants Payable$0$5,000▲ $5,000
Accounts Payable and Accrued Expenses$2,751$471▼ $2,280
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$88,022$75,989▼ $12,033
Net Assets / Fund Balance
Net Assets With Donor Restrictions$141,461$141,461→ $0
Net Assets Without Donor Restrictions$99,156$99,758▲ $602
Total Net Assets Fund Balance$240,617$241,219▲ $602
Total Liabilities and Net Assets / Fund Balance$328,639$317,208▼ $11,431

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$141,461$0→ $0$0$141,461
2021$141,636$0→ $0$0$141,461
2020$141,811$0→ $0$0$141,636
2019$141,811$0→ $0$0$141,811
2018$141,959$0→ $0$0$141,811
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Susan EllisSecretary-TreasurerFT$27,500$27,500
William N Fox CPAAsst. Secretary-$7,350$7,350

Board Members and Trustees

NameTitle
Graig BrewerPresident
Mike MyattVice-president
Marie MontgomeryDirector
Nelson PadronDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$42,486
Program Service Revenue
$98,017
Investment Income
$19
Other Revenue
$29,346
All Other Contributions
$42,486
Change in Net Assets
$602
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$107,812
Salaries, Compensation, and Employee Benefits$51,454
Total Fundraising Expense$16,453
Grants and Similar Amounts Paid$10,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$48,185$0$0$48,185
Occupancy$18,862$6,599$8,249$33,710
Current Officers, Directors, Trustees, and Key Employees$17,875$5,500$4,125$27,500
Other Salaries and Wages$17,220$0$0$17,220
Office Expenses$6,099$1,570$2,883$10,552
Grants to Domestic Orgs$10,000--$10,000
Fees for Services Accounting$0$7,350$0$7,350
Interest$0$3,747$0$3,747
Payroll Taxes$2,566$684$171$3,421
Other Employee Benefits$1,822$1,325$166$3,313
Insurance$2,295$255$0$2,550
Travel$515$344$859$1,718
Total Functional Expenses$125,439$27,374$16,453$169,266
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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 B, Line 11B

Form 990 is distributed to all members of the Board of Directors (governing body).

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

Board of Directors monitors and enforces compliance.

Form 990, Part VI, Section B, Line 15

Executive Director compensation approved by the Board of Directors.

Form 990, Part VI, Section C, Line 19

Organization's governing documents, Conflict of Interest Policy, and copies of Form 990 are available for inspection at the organization's office or upon request.

Filing and Contact Details

Filer

Filer Name
The Redbone Inc
EIN
65-0180140
Phone
3056648452
Address
P O Box 273, Islamorada, FL 33036

Signing Officer

Name
William N Fox
Title
Asst. Secretary Director
Phone
4326388254
Signed
2023-04-28

Organization Details

Principal Officer
Susan Ellis
Formed
1989
Legal Domicile
Fl
Voting Board Members
6
Independent Board Members
6
Employees
3
Volunteers
5
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Operating expense

Financial Statement Notes

Schedule D, Part V, Line 4

Cure and treatment of Cystic Fibrosis.

Raw XML AppendixShowing 400 of 623 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt029346
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt029346
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0All activities for research and treatment of Cystic Fibrosis.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt085271
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt070518
IRS990/NetAssetsOrFundBalancesBOYAmt0240617
IRS990/NetAssetsOrFundBalancesEOYAmt0241219
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeFromGamingGrp/ExclusionAmt00
IRS990/NetIncomeFromGamingGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeOrLossGrp/ExclusionAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt099156
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt099758
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt08249
IRS990/OccupancyGrp/ManagementAndGeneralAmt06599
IRS990/OccupancyGrp/ProgramServicesAmt018862
IRS990/OccupancyGrp/TotalAmt033710
IRS990/OfficeExpensesGrp/FundraisingAmt02883
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01570
IRS990/OfficeExpensesGrp/ProgramServicesAmt06099
IRS990/OfficeExpensesGrp/TotalAmt010552
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0166
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01325
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01822
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03313
IRS990/OtherRevenueTotalAmt029346
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt017220
IRS990/OtherSalariesAndWagesGrp/TotalAmt017220
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0171
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0684
IRS990/PayrollTaxesGrp/ProgramServicesAmt02566
IRS990/PayrollTaxesGrp/TotalAmt03421
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01905
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01905
IRS990/PrincipalOfficerNm0Susan Ellis
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt063018
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt026
IRS990/PYOtherExpensesAmt0219181
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0254023
IRS990/PYRevenuesLessExpensesAmt041128
IRS990/PYSalariesCompEmpBnftPaidAmt056758
IRS990/PYTotalExpensesAmt0275939
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0317067
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0602
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0169868
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt014019
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt014019
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt042486
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt063018
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt037202
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt099487
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0145764
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0387957
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt019

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.20$0.63$2.57$1.17$0.89$0.28
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.01$0.62$2.39$0.66$0.68$0.02
2022Detailed filing. Detailed filing data is available for this year.$3.17$0.76$2.41$1.70$1.69$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.29$0.88$2.41$3.17$2.76$0.41
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.00$1.00$2.00$2.11$2.11$0.01
2019Summary only. Only limited summary data is available for this year.$2.95$0.96$1.99$4.13$4.27$0.14
2018Summary only. Only limited summary data is available for this year.$3.13$1.00$2.13$5.02$5.49$0.47
2017Summary only. Only limited summary data is available for this year.$4.09$1.49$2.60$5.39$5.41$0.03
2016Summary only. Only limited summary data is available for this year.$3.38$1.48$1.90$7.45$7.91$0.46
2015Summary only. Only limited summary data is available for this year.$4.47$2.11$2.36$8.19$7.52$0.67
2014Summary only. Only limited summary data is available for this year.$4.72$3.03$1.69$7.39$8.01$0.61
2013Summary only. Only limited summary data is available for this year.$4.04$1.74$2.30$8.54$8.75$0.21
2012Summary only. Only limited summary data is available for this year.$5.07$2.56$2.51$8.59$7.81$0.77
2011Summary only. Only limited summary data is available for this year.$3.59$1.85$1.74$1.92$1.99$0.07