Civic Intelligence

Rada Foundation Inc

EIN 93-3386726 • 501(c)3 • Asheville, NC

Profile

To foster and advance the arts in asheville's river arts district by supporting the efforts of the rever arts district artists (rada) organization. To be a leader in providing progressive services to our members-from shared spaces, scholarship opportunities, to technical assistance programs for professional and emerging artists in the river arts district. Lead by three core programs: scholarships, space, and support of rada's organizational operations.

375 Depot StreetAsheville, NC 28801

riverartsdistrict.com/RADAFOUND

Siviq Scores

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

Liabilities / Assets

28th percentile

0.00x

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

NTEE A • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

28th percentile

0.00x

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

NTEE A • $500k-$1M nonprofits • Source year 2024

Net Margin

95th percentile

80%

Higher net margin than 95% of similar nonprofits.

NTEE A • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

53rd percentile

$7,450

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

NTEE A • $500k-$1M 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

Balance Sheet
Liabilities / Assets28th percentile

Assets

$776,916

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$776,916

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue28th percentileNet Margin95th percentile

Revenue

$972,020

No earlier filing loaded for comparison.

Expenses

$195,104

No earlier filing loaded for comparison.

Net Income

$776,916

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$800K$600K$400K$200K$0Assets 2024: $776,916Liabilities 2024: $0Net Assets 2024: $776,9162024

Highlighted filing

2024

Assets$776,916
Liabilities$0
Net Assets$776,916
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0Revenue 2024: $972,020Expenses 2024: $195,104Net Income 2024: $776,9162024

Highlighted filing

2024

Revenue$972,020
Expenses$195,104
Net Income$776,916
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$776,916
Liabilities
$0
Net assets
$776,916
Revenue
$972,020
Expenses
$195,104
Net income
$776,916
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.77$0.00$7.77$9.72$1.95$7.77
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.0
Gross Receipts
$972,020
Mission and Program Overview

Mission

To foster and advance the arts in asheville's river arts district by supporting the efforts of the rever arts district artists (rada) organization. To be a leader in providing progressive services to our members-from shared spaces, scholarship opportunities, to technical assistance programs for professional and emerging artists in the river arts district. Lead by three core programs: scholarships, space, and support of rada's organizational operations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$776,916-
Total Assets$0$776,916▲ $776,916
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$776,916-
Total Net Assets Fund Balance$0$776,916▲ $776,916
Total Liabilities and Net Assets / Fund Balance$0$776,916▲ $776,916
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kimberly HundertmarkExecutive DiFT$7,450$7,450
Signe BallewDirector ofPT$6,525$6,525

Board Members and Trustees

NameTitle
Allison RedmondPresident
Eric ShangleBoard Member
Jeffrey BurroughsBoard Member
Julie Ann BellBoard Member
Kate AdamsBoard Member
Micheal CampbellBoard Memebe
Pam WallsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$972,020
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$972,020
Change in Net Assets
$776,916
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$109,100
Other Expenses$72,029
Total Fundraising Expense$44,342
Salaries, Compensation, and Employee Benefits$13,975
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$109,100--$109,100
Current Officers, Directors, Trustees, and Key Employees-$13,975-$13,975
Advertising-$11,092-$11,092
Office Expenses-$5,405-$5,405
Other Expenses$6,944$2,871$44,342$2,871
Fees for Services Legal-$1,375-$1,375
Total Functional Expenses$116,044$34,718$44,342$195,104
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
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
Rada Foundation Inc
EIN
93-3386726
Phone
8287128564
Address
375 DEPOT STREET, ASHEVILLE, NC 28801

Signing Officer

Name
Kimberly Hundertmark
Title
Executive Director
Phone
8287128564
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kimberly Hundertmark
Formed
2023
Legal Domicile
Nc
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Bracket Co
Address
32 JEFFERSON DR, ASHEVILLE, NC 28801-3115
Preparer
Justin Bledsoe
Phone
8287477417
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To foster and advance the arts in asheville's river arts district by supporting the efforts of the rever arts district artists (rada) organization. To be a leader in providing progressive services to our members-from shared spaces, scholarship opportunities, to technical assistance programs for professional and emerging artists in the river arts district. Lead by three core programs: scholarships, space, and support of rada's organizational operations.”

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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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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RADA FOUNDATION INC
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ReturnHeader/Filer/EIN0933386726
ReturnHeader/Filer/PhoneNum08287128564
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JUSTIN BLEDSOE
ReturnHeader/ReturnTs02025-11-14T14:56:04-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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