Civic Intelligence

Rhedcloud Foundation Inc

990 • Fiscal year 2023 • EIN 83-3944102

Sep 01, 2023 to Oct 31, 2023 • Filed on Nov 03, 2023

PO Box 519Decatur, GA 30031-0519

(470) 203-0176

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2023

Liabilities / Revenue

51st percentile

0.00x

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

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

Net Margin

1st percentile

-141750%

Higher net margin than 1% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2023

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

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

Revenue Growth

1st percentile

-99%

Faster revenue growth than 1% of similar nonprofits.

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

Assets

Down

$0

Down $32,784 (-100%) from 2022

Net Assets

Down

$0

Down $32,438 (-100%) from 2022

Liabilities

Down

$0

Down $346 (-100%) from 2022

Revenue

Down

$4

Down $10,255 (-100%) from 2022

Expenses

Down

$5,674

Down $5,069 (-47%) from 2022

Net Income

Down

-$5,670

Down $5,186 (-1071%) from 2022

Historical Trend

Balance Sheet Trend

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

$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: $0Liabilities 2023: $0Net Assets 2023: $02023Assets 2023: $5,670Liabilities 2023: $0Net Assets 2023: $5,6702023

Highlighted filing

2023

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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: $4Expenses 2023: $5,674Net Income 2023: -$5,6702023Revenue 2023: $247Expenses 2023: $27,015Net Income 2023: -$26,7682023

Highlighted filing

2023

Revenue$4
Expenses$5,674
Net Income-$5,670
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Oct 31, 2023
Signed
Nov 3, 2023
Return Version
2022v5.0
Gross Receipts
$4
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$5,573--
Prepaid Expenses and Deferred Charges$97--
Total Assets$5,670$0▼ $5,670
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,670--
Total Net Assets Fund Balance$5,670$0▼ $5,670
Total Liabilities and Net Assets / Fund Balance$5,670$0▼ $5,670
Compensation and Service Providers

Board Members and Trustees

NameTitle
Richard a MendolaPresident an
John E ConneratDir/ Sec/tre
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$4
Other Revenue
$0
Change in Net Assets
$-5,670
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,680
Other Expenses$994
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$4,680--$4,680
Fees for Services Accounting-$750-$750
Other Expenses-$10-$10
Total Functional Expenses$4,680$994$0$5,674
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
Dir/ Sec/treas
Phone
4702030176
Signed
2023-11-03

Organization Details

Principal Officer
John E Connerat
Formed
2019
Voting Board Members
2
Independent Board Members
2
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 previous 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 completed during the organization's current return year, and the current return contains a combination of administrative expenses and contributions totaling 4,680 to unrelated 501(c)(3) organizations as listed in form 990 part ix and schedule n, as applicable.

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

During the previous 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 completed during the organization's current return year, and the current return contains a combination of administrative expenses and contributions totaling 4,680 to unrelated 501(c)(3) organizations as listed in form 990 part ix and schedule n, as applicable.

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IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0DURING THE PREVIOUS 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 COMPLETED DURING THE ORGANIZATION'S CURRENT RETURN YEAR, AND THE CURRENT RETURN CONTAINS A COMBINATION OF ADMINISTRATIVE EXPENSES AND CONTRIBUTIONS TOTALING 4,680 TO UNRELATED 501(C)(3) ORGANIZATIONS AS LISTED IN FORM 990 PART IX AND SCHEDULE N, AS APPLICABLE.
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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 PREVIOUS 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 COMPLETED DURING THE ORGANIZATION'S CURRENT RETURN YEAR, AND THE CURRENT RETURN CONTAINS A COMBINATION OF ADMINISTRATIVE EXPENSES AND CONTRIBUTIONS TOTALING 4,680 TO UNRELATED 501(C)(3) ORGANIZATIONS AS LISTED IN FORM 990 PART IX AND SCHEDULE N, AS APPLICABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DURING THE PREVIOUS 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 COMPLETED DURING THE ORGANIZATION'S CURRENT RETURN YEAR, AND THE CURRENT RETURN CONTAINS A COMBINATION OF ADMINISTRATIVE EXPENSES AND CONTRIBUTIONS TOTALING 4,680 TO UNRELATED 501(C)(3) ORGANIZATIONS AS LISTED IN FORM 990 PART IX AND SCHEDULE N, AS APPLICABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0true
IRS990/TotalAssetsBOYAmt05670
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt05670
IRS990/TotalAssetsGrp/EOYAmt00
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0994
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04680
IRS990/TotalFunctionalExpensesGrp/TotalAmt05674
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05670
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherProgSrvcExpenseAmt04680
IRS990/TotalOtherProgSrvcGrantAmt04680
IRS990/TotalProgramServiceExpensesAmt04680
IRS990/TotalRevenueGrp/ExclusionAmt04
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05670
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0RHEDCLOUD.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN E CONNERAT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIR/ SEC/TREAS
ReturnHeader/BusinessOfficerGrp/PhoneNum04702030176
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RHEDCLOUD FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0RHED
ReturnHeader/Filer/EIN0833944102
ReturnHeader/Filer/PhoneNum04702030176
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 519
ReturnHeader/Filer/USAddress/CityNm0DECATUR
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd0300310519
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201702555
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TOMKIEWICZ WRIGHT LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06111 PEACHTREE DUNWOODY RD BLG E ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ATLANTA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0303284522
ReturnHeader/PreparerPersonGrp/PhoneNum07703510411
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN NELSON
ReturnHeader/ReturnTs02023-11-05T15:03:23-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOHN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CONNERAT
ReturnHeader/TaxPeriodBeginDt02023-09-01
ReturnHeader/TaxPeriodEndDt02023-10-31
ReturnHeader/TaxYr02022

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