Civic Intelligence

Project Redwood

990 • Fiscal year 2024 • EIN 88-3021934

Jul 01, 2023 to Jun 30, 2024 • Filed on Oct 23, 2024

1178 Idylberry RoadSan Rafael, CA 94903

(415) 499-7619

Siviq Scores

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

Liabilities / Assets

90th percentile

0.75x

Higher debt load relative to assets than 90% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

86th percentile

0.75x

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

64th percentile

12%

Higher net margin than 64% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Assets

$1,542,876

No earlier filing loaded for comparison.

Net Assets

$385,376

No earlier filing loaded for comparison.

Liabilities

$1,157,500

No earlier filing loaded for comparison.

Revenue

$1,546,219

No earlier filing loaded for comparison.

Expenses

$1,358,878

No earlier filing loaded for comparison.

Net Income

$187,341

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2024: $1,542,876Liabilities 2024: $1,157,500Net Assets 2024: $385,3762024Assets 2025: $560,094Liabilities 2025: $187,001Net Assets 2025: $373,0932025

Highlighted filing

2024

Assets$1,542,876
Liabilities$1,157,500
Net Assets$385,376

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2024: $1,546,219Expenses 2024: $1,358,878Net Income 2024: $187,3412024Revenue 2025: $1,166,414Expenses 2025: $1,178,697Net Income 2025: -$12,2832025

Highlighted filing

2024

Revenue$1,546,219
Expenses$1,358,878
Net Income$187,341
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Oct 23, 2024
Return Version
2023v5.1
Gross Receipts
$1,546,219
Mission and Program Overview

Mission

Project redwood's mission is to provide funding, expertise, and connections to social entrepreneurs who address the challenge of global poverty.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$1,475,405-
Cash and Non-Interest-Bearing Accounts$0$17,471▲ $17,471
Total Assets$0$1,542,876▲ $1,542,876
Other Assets Total$0$50,000▲ $50,000
Liabilities
Grants Payable$0$1,157,500▲ $1,157,500
Total Liabilities$0$1,157,500▲ $1,157,500
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$0$293,122▲ $293,122
Net Assets With Donor Restrictions-$92,254-
Total Net Assets Fund Balance$0$385,376▲ $385,376
Total Liabilities and Net Assets / Fund Balance$0$1,542,876▲ $1,542,876
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kenneth InadomiDirector, Board Co-chair
Claudia LindseyPresident, Board Co-chair
Brad SmithDirector
Carol HeadDirector
Caroline CaufieldDirector
Donna AllenDirector
Gail SchulzeDirector
Jorian WilkinsDirector
Laura FrattDirector
Michael FitzgeraldDirector
Stacy WilliamsDirector
Vijay RaghunathanDirector
William B HoustonTreasurer, Director
J Michael WattCFO & ASS'T SECRETARY
William WestwoodSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,488,751
Program Service Revenue
$0
Investment Income
$57,468
Other Revenue
$0
All Other Contributions
$1,488,751
Change in Net Assets
$187,341
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,157,500
Salaries, Compensation, and Employee Benefits$150,175
Other Expenses$51,203
Total Fundraising Expense$38,180
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,117,500--$1,117,500
Other Salaries and Wages$40,026$67,169$29,696$136,891
Foreign Grants$40,000--$40,000
Payroll Taxes$3,669$6,975$2,640$13,284
Fees for Services Accounting-$11,243-$11,243
Office Expenses$2,267$5,029$2,928$10,224
Information Technology-$5,203-$5,203
Insurance-$4,296-$4,296
Other Expenses$2,756$1,182$2,755$1,182
Advertising$83$84$83$250
Travel$78$78$78$234
All Other Expenses-$25-$25
Total Functional Expenses$1,206,392$114,306$38,180$1,358,878
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Read 718Brooklyn, NY-General Support$55,000
TOMORROW'S LEADERS NYC (TLNYC)Brooklyn, NY-General Support$55,000
Build Our Lives Together Inc (bolt)Philadelphia, PA-General Support$50,000
Comer Education Campus Gary Comer Youth CenterChicago, IL-General Support$50,000
Juma VenturesSan Francisco, CA-General Support$50,000
Mortar CincinnatiCincinnati, OH-General Support$50,000
Women Initiating Success Envisioned Inc (wise)San Diego, CA-General Support$50,000
Andean Alliance for Sustainable Devel (aasd)Marshall, MI-General Support$45,000
Educate2envision International (e2e)San Leandro, CA-General Support$45,000
The Somo Project (somo)New York, NY-General Support$45,000
Agape Heart International Organization (ahio)Pittsburgh, PA-General Support$40,000
Asociacion KantayaPhiladelphia, PA-General Support$40,000
Breaking the Chain Through Education (btcte)Verona, NJ-General Support$40,000
Delta Education CollectiveOakland, CA-General Support$40,000
Girls Gotta Run FoundationWashington, DC-General Support$40,000
Hatua NetworkBrooklyn, NY-General Support$40,000
Hero Women RisingFlagstaff, AZ-General Support$40,000
Kiwimbi InternationalGladstone, NJ-General Support$40,000
Looma Education CorporationMenlo Park, CA-General Support$40,000
One Village PartnersMinneapolis, MN-General Support$40,000
Project Hope and Fairness (phf)Cambria, CA-General Support$40,000
Resonate WorkshopsAlbion, CA-General Support$40,000
Soul FoundationSuffern, NY-General Support$40,000
ThriveguluMarlborough, MA-General Support$40,000
World ConnectNew York, NY-General Support$40,000
Youth and Child Visionary MinistriesOakland, CA-General Support$10,000

International Summary

Offices
0
Employees
0
Spending
$40,000

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland & Greenland)Grants to Recipients in Region-00$40,000
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
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
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
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 B, Line 11B

The full board reviews a copy of the form 990 at a board meeting prior to filing.

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

The conflict of interest policy is monitored and enforced by the president and operations director.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and tax returns available via their website. Tax returns can also be found on the guidestar website.

Filing and Contact Details

Filer

Filer Name
Project Redwood
EIN
88-3021934
Phone
4154997619
Address
1178 IDYLBERRY ROAD, SAN RAFAEL, CA 94903

Signing Officer

Name
J Michael Watt
Title
CFO
Phone
4154997619
Signed
2024-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
J Michael Watt
Formed
2022
Legal Domicile
CA
Voting Board Members
15
Independent Board Members
15
Employees
2
Volunteers
94

Preparer

Firm
S D Mayer & Associates Llp
Address
235 MONTGOMERY STREET 26TH FL, SAN FRANCISCO, CA 94104
Preparer
Stephen D Mayer
Phone
4156914040
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Closing transfer from fiscal sponsor, tides center 198,035.

FORM 990, PART III, LINE 4A:

Project redwood highlights, fy2023-24 in a time of unprecedented wealth, acute poverty remains a persistent problem. More than a billion and a half people live in poverty worldwide, including 38 million in the united states alone. Since being founded by stanford mba alumni in 2007, project redwood has provided over $5.6 million in financial catalytic capital, as well as in-kind support, to help over 1 million people worldwide improve the quality of their lives. Much alleviation of poverty occurs at the grass roots level. Project redwood focuses our support on small innovative social venture nonprofits, funding well-defined projects with strong short-term outcomes. We supplement grants with mentoring, consulting, and connections to further strengthen these community-based organizations. Project redwood's fy2023-24 milestones include the following: * we completed our first year of operation as an independent 501(c)3 nonprofit, after having been fiscally sponsored for our first 16 years. * we had a record year in fundraising, with donations from 130 stanford business school alumni. * we awarded more than $1.1 million in grants ranging from $40,000 to $55,000 to 27 nonprofit organizations working in africa, latin america, and the united states. From these seeds of solutions, the grantees achieve measurable impact in their local communities and beyond through education, job creation, job training, or entrepreneurship. * five of these awards were unrestricted impact-building grants to previous grantees with demonstrated potential to grow to scale with our support. * our donor/volunteer network continued to expand, with more than 40 stanford alumni classes now engaged, having been incubated initially by the class of 1980.

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IRS990/OtherExpensesGrp/Desc3PAYROLL PROCESSING FEES
IRS990/OtherExpensesGrp/FundraisingAmt02755
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08437
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12755
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21830
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31182
IRS990/OtherExpensesGrp/ProgramServicesAmt013
IRS990/OtherExpensesGrp/ProgramServicesAmt12756
IRS990/OtherExpensesGrp/TotalAmt08450
IRS990/OtherExpensesGrp/TotalAmt18266
IRS990/OtherExpensesGrp/TotalAmt21830
IRS990/OtherExpensesGrp/TotalAmt31182
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt029696
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt067169
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt040026
IRS990/OtherSalariesAndWagesGrp/TotalAmt0136891
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02640
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06975
IRS990/PayrollTaxesGrp/ProgramServicesAmt03669
IRS990/PayrollTaxesGrp/TotalAmt013284
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0J MICHAEL WATT
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYExcessBenefitTransInd00
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0187341
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01475405
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01488751
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01488751
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt057468
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt057468
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01488751
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01488751
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01488751
IRS990ScheduleA/TotalSupportAmt01546219
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
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt040000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EUROPE (INCLUDING ICELAND & GREENLAND)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0GRANTS TO RECIPIENTS IN REGION
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt040000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt00
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0EUROPE (INCLUDING ICELAND & GREENLAND)
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt040000
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0PROJECT REDWOOD: (I) REVIEWS DETAILED BUDGET AND GRANTEE FINANCIAL STATEMENTS REQUIRED TO BE SUBMITTED WITH GRANTEE PROPOSAL AS REQUIRED; (II) ISSUES A GRANT CONTRACT REQUIRING GRANTEE EXPENDITURE RESPONSIBILITY; AND (III) REVIEWS A DETAILED FINANCIAL REPORT REQUIRED TO BE SUBMITTED BY GRANTEE AS REQUIRED ON CONTRACT COMPLETION.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleF/Total501c3OrgCnt01
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalOtherOrgCnt01
IRS990ScheduleF/TotalSpentAmt040000
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt040000
IRS990ScheduleI/RecipientTable/CashGrantAmt145000
IRS990ScheduleI/RecipientTable/CashGrantAmt240000
IRS990ScheduleI/RecipientTable/CashGrantAmt350000
IRS990ScheduleI/RecipientTable/CashGrantAmt440000
IRS990ScheduleI/RecipientTable/CashGrantAmt540000
IRS990ScheduleI/RecipientTable/CashGrantAmt645000
IRS990ScheduleI/RecipientTable/CashGrantAmt750000
IRS990ScheduleI/RecipientTable/CashGrantAmt840000
IRS990ScheduleI/RecipientTable/CashGrantAmt940000
IRS990ScheduleI/RecipientTable/CashGrantAmt1040000
IRS990ScheduleI/RecipientTable/CashGrantAmt1150000
IRS990ScheduleI/RecipientTable/CashGrantAmt1240000
IRS990ScheduleI/RecipientTable/CashGrantAmt1340000
IRS990ScheduleI/RecipientTable/CashGrantAmt1450000
IRS990ScheduleI/RecipientTable/CashGrantAmt1540000
IRS990ScheduleI/RecipientTable/CashGrantAmt1640000
IRS990ScheduleI/RecipientTable/CashGrantAmt1755000
IRS990ScheduleI/RecipientTable/CashGrantAmt1840000
IRS990ScheduleI/RecipientTable/CashGrantAmt1940000
IRS990ScheduleI/RecipientTable/CashGrantAmt2045000
IRS990ScheduleI/RecipientTable/CashGrantAmt2140000
IRS990ScheduleI/RecipientTable/CashGrantAmt2255000
IRS990ScheduleI/RecipientTable/CashGrantAmt2350000
IRS990ScheduleI/RecipientTable/CashGrantAmt2440000
IRS990ScheduleI/RecipientTable/CashGrantAmt2510000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt50
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt60
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt70
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt80
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt90
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt100
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt110
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt120
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt130
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt140
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt150
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt160
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt170
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt180
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt190
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt200
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt210
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt220
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt230
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt240
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt250
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt10GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt11GENERAL SUPPORT

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