Civic Intelligence

Rhedcloud Foundation Inc

EIN 83-3944102 • 501(c)6 • Decatur, GA

Profile

The primary activities of rhedcloud foundation inc. (the "foundation") are research and education. The "rhed" in the foundation's name stands for research, healthcare and higher education. The foundation's activities are focused on advancing research, healthcare and higher education cloud computing with enhanced security, compliance and integration. Every user and provider of the cloud has a need to assess risk and specify controls for services in cloud platforms. The foundation's activities will assist in solving the common issues amongst cloud users and providers. Such issues include: (1) security measures for various compliance requirements through risk assessments and countermeasures; (2) common implementation of security measures in an extensible framework; and (3) the provisioning, integration, and administration of such systems into the framework or structure of the business. The foundation's activities will benefit a wide range of individuals and entities, including higher educ

PO Box 519Decatur, GA 30031-0519

rhedcloud.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2023

Liabilities / Revenue

50th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2023

Net Margin

1st percentile

-141750%

Higher net margin than 1% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

7th percentile

-100%

Faster asset growth than 7% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2021 to 2023

Revenue Growth

3rd percentile

-99%

Faster revenue growth than 3% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2021 to 2023

Assets

Down

$5,670

Down $27,114 (-83%) from 2022

Liabilities

Down

$0

Down $346 (-100%) from 2022

Net Assets

Down

$5,670

Down $26,768 (-83%) from 2022

Revenue

Down

$247

Down $10,012 (-98%) from 2022

Expenses

Up

$27,015

Up $16,272 (+151%) from 2022

Net Income

Down

-$26,768

Down $26,284 (-5431%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$100K$0-$100KAssets 2019: $103,933Liabilities 2019: $96,6042019Assets 2020: $134,340Liabilities 2020: $168,716Net Assets 2020: -$34,3762020Assets 2021: $33,339Liabilities 2021: $417Net Assets 2021: $32,9222021Assets 2022: $32,784Liabilities 2022: $346Net Assets 2022: $32,4382022Assets 2023: $5,670Liabilities 2023: $0Net Assets 2023: $5,6702023

Highlighted filing

2023

Assets$5,670
Liabilities$0
Net Assets$5,670

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2019: $62,689Expenses 2019: $55,360Net Income 2019: $7,3292019Revenue 2020: $388,375Expenses 2020: $430,080Net Income 2020: -$41,7052020Revenue 2021: $119,161Expenses 2021: $51,863Net Income 2021: $67,2982021Revenue 2022: $10,259Expenses 2022: $10,743Net Income 2022: -$4842022Revenue 2023: $247Expenses 2023: $27,015Net Income 2023: -$26,7682023

Highlighted filing

2023

Revenue$247
Expenses$27,015
Net Income-$26,768

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
Oct 18, 2023
Return Version
2022v5.0
Gross Receipts
$247
Mission and Program Overview

Mission

The primary activities of rhedcloud foundation inc. (the "foundation") are research and education. The "rhed" in the foundation's name stands for research, healthcare and higher education. The foundation's activities are focused on advancing research, healthcare and higher education cloud computing with enhanced security, compliance and integration. Every user and provider of the cloud has a need to assess risk and specify controls for services in cloud platforms. The foundation's activities will assist in solving the common issues amongst cloud users and providers. Such issues include: (1) security measures for various compliance requirements through risk assessments and countermeasures; (2) common implementation of security measures in an extensible framework; and (3) the provisioning, integration, and administration of such systems into the framework or structure of the business. The foundation's activities will benefit a wide range of individuals and entities, including higher educ

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$30,743$5,573▼ $25,170
Prepaid Expenses and Deferred Charges$2,041$97▼ $1,944
Total Assets$32,784$5,670▼ $27,114
Liabilities
Accounts Payable and Accrued Expenses$346--
Total Liabilities$346$0▼ $346
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$32,438$5,670▼ $26,768
Total Net Assets Fund Balance$32,438$5,670▼ $26,768
Total Liabilities and Net Assets / Fund Balance$32,784$5,670▼ $27,114
Compensation and Service Providers

Board Members and Trustees

NameTitle
Richard a MendolaPresident an
Angela MazzoccoDirector
Bill CampmanDirector
Brian DayDirector
Charlie KneifelDirector
Colin GunterDirector
Doug FinleyDirector
Eric LundbergDirector
Jamie ButlerDirector
Jan CheethamDirector
Jay DominickDirector
Joe JohnsonDirector
Joseph ZhouDirector
Kevin MorooneyDirector
Marc MoffettDirector
Michael HitesDirector
Moritz OnkenDirector
Jason ArmbrusterDirector/ Se
John E ConneratDirector/ Tr
Hunter ElyVice Pres./
Klara JelinkovaVice Pres./
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$247
Other Revenue
$0
Change in Net Assets
$-26,768
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$17,000
Other Expenses$10,015
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$17,000--$17,000
Other Expenses$4,776$2,156-$6,932
Insurance-$2,041-$2,041
Office Expenses-$542-$542
Fees for Services Accounting-$500-$500
Total Functional Expenses$21,776$5,239$0$27,015
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
American Cancer SocietyHagerstown, MD501c3See Part Iv$13,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
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 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Rhedcloud Foundation Inc
EIN
83-3944102
Phone
4702030176
Address
PO BOX 519, DECATUR, GA 30031-0519

Signing Officer

Name
John E Connerat
Title
Director/ Treasurer
Phone
4702030176
Signed
2023-10-18

Organization Details

Principal Officer
John E Connerat
Formed
2019
Voting Board Members
18
Independent Board Members
18
Employees
0

Preparer

Firm
Tomkiewicz Wright LLC
Address
6111 PEACHTREE DUNWOODY RD BLG E ST, ATLANTA, GA 30328-4522
Preparer
John Nelson
Phone
7703510411
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The primary activities of rhedcloud foundation inc. (the "foundation") are research and education. The "rhed" in the foundation's name stands for research, healthcare and higher education. The foundation's activities are focused on advancing research, healthcare and higher education cloud computing with enhanced security, compliance and integration. Every user and provider of the cloud has a need to assess risk and specify controls for services in cloud platforms. The foundation's activities will assist in solving the common issues amongst cloud users and providers. Such issues include: (1) security measures for various compliance requirements through risk assessments and countermeasures; (2) common implementation of security measures in an extensible framework; and (3) the provisioning, integration, and administration of such systems into the framework or structure of the business. The foundation's activities will benefit a wide range of individuals and entities, including higher education institutions, medical and healthcare providers, financial institutions, online network providers, and government entities. The foundation's activities will assist these users and providers in securely maintaining confidential information and complying with rules, regulations and laws related to the storage of confidential information.

Form 990, Page 2, Part III, Line 3

During the current return year, the organization's board of directors ratified a resolution to wind-down the operations of the organization and engage in a voluntary dissolution of the organization in accordance with the nonprofit code of georgia and its bylaws. The wind-down was not completed prior to the end of the organization's current return year, and thus, the current return contains a combination of program expenses, administrative expenses, and contributions totaling 17,000 to unrelated 501(c)(3) organizations as listed in form 990 part ix, schedule i, and schedule n, as applicable. Following the organization's termination in the subsequent return year, a final return will be submitted reflecting the final disposition of assets and including relevant termination documents as required by schedule n.

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

During the current return year, the organization's board of directors ratified a resolution to wind-down the operations of the organization and engage in a voluntary dissolution of the organization in accordance with the nonprofit code of georgia and its bylaws. The wind-down was not completed prior to the end of the organization's current return year, and thus, the current return contains a combination of program expenses, administrative expenses, and contributions totaling 17,000 to unrelated 501(c)(3) organizations as listed in form 990 part ix, schedule i, and schedule n, as applicable. Following the organization's termination in the subsequent return year, a final return will be submitted reflecting the final disposition of assets and including relevant termination documents as required by schedule n.

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IRS990/MissionDesc0THE PRIMARY ACTIVITIES OF RHEDCLOUD FOUNDATION INC. (THE "FOUNDATION") ARE RESEARCH AND EDUCATION. THE "RHED" IN THE FOUNDATION'S NAME STANDS FOR RESEARCH, HEALTHCARE AND HIGHER EDUCATION. THE FOUNDATION'S ACTIVITIES ARE FOCUSED ON ADVANCING RESEARCH, HEALTHCARE AND HIGHER EDUCATION CLOUD COMPUTING WITH ENHANCED SECURITY, COMPLIANCE AND INTEGRATION. EVERY USER AND PROVIDER OF THE CLOUD HAS A NEED TO ASSESS RISK AND SPECIFY CONTROLS FOR SERVICES IN CLOUD PLATFORMS. THE FOUNDATION'S ACTIVITIES WILL ASSIST IN SOLVING THE COMMON ISSUES AMONGST CLOUD USERS AND PROVIDERS. SUCH ISSUES INCLUDE: (1) SECURITY MEASURES FOR VARIOUS COMPLIANCE REQUIREMENTS THROUGH RISK ASSESSMENTS AND COUNTERMEASURES; (2) COMMON IMPLEMENTATION OF SECURITY MEASURES IN AN EXTENSIBLE FRAMEWORK; AND (3) THE PROVISIONING, INTEGRATION, AND ADMINISTRATION OF SUCH SYSTEMS INTO THE FRAMEWORK OR STRUCTURE OF THE BUSINESS. THE FOUNDATION'S ACTIVITIES WILL BENEFIT A WIDE RANGE OF INDIVIDUALS AND ENTITIES, INCLUDING HIGHER EDUC
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0DURING THE CURRENT RETURN YEAR, THE ORGANIZATION'S BOARD OF DIRECTORS RATIFIED A RESOLUTION TO WIND-DOWN THE OPERATIONS OF THE ORGANIZATION AND ENGAGE IN A VOLUNTARY DISSOLUTION OF THE ORGANIZATION IN ACCORDANCE WITH THE NONPROFIT CODE OF GEORGIA AND ITS BYLAWS. THE WIND-DOWN WAS NOT COMPLETED PRIOR TO THE END OF THE ORGANIZATION'S CURRENT RETURN YEAR, AND THUS, THE CURRENT RETURN CONTAINS A COMBINATION OF PROGRAM EXPENSES, ADMINISTRATIVE EXPENSES, AND CONTRIBUTIONS TOTALING 17,000 TO UNRELATED 501(C)(3) ORGANIZATIONS AS LISTED IN FORM 990 PART IX, SCHEDULE I, AND SCHEDULE N, AS APPLICABLE. FOLLOWING THE ORGANIZATION'S TERMINATION IN THE SUBSEQUENT RETURN YEAR, A FINAL RETURN WILL BE SUBMITTED REFLECTING THE FINAL DISPOSITION OF ASSETS AND INCLUDING RELEVANT TERMINATION DOCUMENTS AS REQUIRED BY SCHEDULE N.
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MADE THIS CONTRIBUTION AS PART OF PERMANENT WIND-DOWN ACTIVITIES TO A 501(C)(3) AND IS CEASING OPERATIONS AND WILL NOT ENGAGE IN ONGOING MONITORING OF THIS WIND-DOWN DISTRIBUTION.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1PART II, 1(H)- PURPOSE OF GRANT OR ASSISTANCE DURING THE CURRENT RETURN YEAR,THE ORGANIZATION'S BOARD OF DIRECTORS RATIFIED A RESOLUTION TO WIND-DOWN THE OPERATIONS OF THE ORGANIZATION AND ENGAGE IN A VOLUNTARY DISSOLUTION OF THE ORGANIZATION IN ACCORDANCE WITH THE NONPROFIT CODE OF GEORGIA AND ITS BYLAWS. THE WIND-DOWN WAS NOT COMPLETED PRIOR TO THE END OF THE ORGANIZATION'S CURRENT RETURN YEAR, AND THUS, THE CURRENT RETURN CONTAINS A COMBINATION OF PROGRAM EXPENSES, ADMINISTRATIVE EXPENSES, AND CONTRIBUTIONS TOTALING 17,000 TO UNRELATED 501(C)(3) ORGANIZATIONS AS LISTED IN FORM 990 PART IX, SCHEDULE I, AND SCHEDULE N, AS APPLICABLE. FOLLOWING THE ORGANIZATION'S TERMINATION IN THE SUBSEQUENT RETURN YEAR, A FINAL RETURN WILL BE SUBMITTED REFLECTING THE FINAL DISPOSITION OF ASSETS AND INCLUDING RELEVANT TERMINATION DOCUMENTS AS REQUIRED BY SCHEDULE N.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRIMARY ACTIVITIES OF RHEDCLOUD FOUNDATION INC. (THE "FOUNDATION") ARE RESEARCH AND EDUCATION. THE "RHED" IN THE FOUNDATION'S NAME STANDS FOR RESEARCH, HEALTHCARE AND HIGHER EDUCATION. THE FOUNDATION'S ACTIVITIES ARE FOCUSED ON ADVANCING RESEARCH, HEALTHCARE AND HIGHER EDUCATION CLOUD COMPUTING WITH ENHANCED SECURITY, COMPLIANCE AND INTEGRATION. EVERY USER AND PROVIDER OF THE CLOUD HAS A NEED TO ASSESS RISK AND SPECIFY CONTROLS FOR SERVICES IN CLOUD PLATFORMS. THE FOUNDATION'S ACTIVITIES WILL ASSIST IN SOLVING THE COMMON ISSUES AMONGST CLOUD USERS AND PROVIDERS. SUCH ISSUES INCLUDE: (1) SECURITY MEASURES FOR VARIOUS COMPLIANCE REQUIREMENTS THROUGH RISK ASSESSMENTS AND COUNTERMEASURES; (2) COMMON IMPLEMENTATION OF SECURITY MEASURES IN AN EXTENSIBLE FRAMEWORK; AND (3) THE PROVISIONING, INTEGRATION, AND ADMINISTRATION OF SUCH SYSTEMS INTO THE FRAMEWORK OR STRUCTURE OF THE BUSINESS. THE FOUNDATION'S ACTIVITIES WILL BENEFIT A WIDE RANGE OF INDIVIDUALS AND ENTITIES, INCLUDING HIGHER EDUCATION INSTITUTIONS, MEDICAL AND HEALTHCARE PROVIDERS, FINANCIAL INSTITUTIONS, ONLINE NETWORK PROVIDERS, AND GOVERNMENT ENTITIES. THE FOUNDATION'S ACTIVITIES WILL ASSIST THESE USERS AND PROVIDERS IN SECURELY MAINTAINING CONFIDENTIAL INFORMATION AND COMPLYING WITH RULES, REGULATIONS AND LAWS RELATED TO THE STORAGE OF CONFIDENTIAL INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DURING THE CURRENT RETURN YEAR, THE ORGANIZATION'S BOARD OF DIRECTORS RATIFIED A RESOLUTION TO WIND-DOWN THE OPERATIONS OF THE ORGANIZATION AND ENGAGE IN A VOLUNTARY DISSOLUTION OF THE ORGANIZATION IN ACCORDANCE WITH THE NONPROFIT CODE OF GEORGIA AND ITS BYLAWS. THE WIND-DOWN WAS NOT COMPLETED PRIOR TO THE END OF THE ORGANIZATION'S CURRENT RETURN YEAR, AND THUS, THE CURRENT RETURN CONTAINS A COMBINATION OF PROGRAM EXPENSES, ADMINISTRATIVE EXPENSES, AND CONTRIBUTIONS TOTALING 17,000 TO UNRELATED 501(C)(3) ORGANIZATIONS AS LISTED IN FORM 990 PART IX, SCHEDULE I, AND SCHEDULE N, AS APPLICABLE. FOLLOWING THE ORGANIZATION'S TERMINATION IN THE SUBSEQUENT RETURN YEAR, A FINAL RETURN WILL BE SUBMITTED REFLECTING THE FINAL DISPOSITION OF ASSETS AND INCLUDING RELEVANT TERMINATION DOCUMENTS AS REQUIRED BY SCHEDULE N.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DURING THE CURRENT RETURN YEAR, THE ORGANIZATION'S BOARD OF DIRECTORS RATIFIED A RESOLUTION TO WIND-DOWN THE OPERATIONS OF THE ORGANIZATION AND ENGAGE IN A VOLUNTARY DISSOLUTION OF THE ORGANIZATION IN ACCORDANCE WITH THE NONPROFIT CODE OF GEORGIA AND ITS BYLAWS. THE WIND-DOWN WAS NOT COMPLETED PRIOR TO THE END OF THE ORGANIZATION'S CURRENT RETURN YEAR, AND THUS, THE CURRENT RETURN CONTAINS A COMBINATION OF PROGRAM EXPENSES, ADMINISTRATIVE EXPENSES, AND CONTRIBUTIONS TOTALING 17,000 TO UNRELATED 501(C)(3) ORGANIZATIONS AS LISTED IN FORM 990 PART IX, SCHEDULE I, AND SCHEDULE N, AS APPLICABLE. FOLLOWING THE ORGANIZATION'S TERMINATION IN THE SUBSEQUENT RETURN YEAR, A FINAL RETURN WILL BE SUBMITTED REFLECTING THE FINAL DISPOSITION OF ASSETS AND INCLUDING RELEVANT TERMINATION DOCUMENTS AS REQUIRED BY SCHEDULE N.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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