Redbud Foundation
- Assets
- $13.2m
- Revenue
- $461.1k
- Investments
- $2.5m
- Employees
- 0
- Location
- Topeka, KS
- Founding
- 12/2008
- Data as of
- 12/2022
- EIN
- 26-0375951
Organization Overview
Redbud Foundation is located in Topeka, KS. The organization was established in 2008. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Redbud Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Redbud Foundation generated $461.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Redbud Foundation has awarded 85 individual grants totaling $9,819,282. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NO DIRECT CHARITABLE ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas E Zanecchia Secretary, Director | 10 | $50,000 | |
Jc Bloom Treasurer, Director | 10 | $50,000 | |
Dave Newbery Asst. Treasurer/secretary, Director | 10 | $50,000 | |
Gerald Lauber President, Director | 10 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $277,630 |
| Interest on Savings | $183,033 |
| Dividends & Interest | $459 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $461,122 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $200,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,802 |
| Printing and publications | $0 |
| Other expenses | $9,068 |
| Total operating and administrative expenses | $253,283 |
| Contributions, gifts, grants paid | $938,947 |
| Total expenses and disbursements | $1,192,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,761,419 |
| Net Accounts receivable | $36,639 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,249,191 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Redbud Foundation has awarded $938,947 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH TOPEKA ARTS DISTRICT INC PURPOSE: ESTABLISH A VIABLE ARTS COMMUNITY IN NORTH TOPEKA. | $161,250 |
ACE SCHOLARSHIPS PURPOSE: SUPPORT SCHOLARSHIPS. | $250,000 |
PACIFIC RESEARCH INSTITUTE FOR PUBLIC POLICY PURPOSE: SUPPORT THE INSTITUTE'S MISSION TO CHAMPION FREEDOM, OPPORTUNITY, AND PERSONAL RESPONSIBILITY. | $100,000 |
KANSAS STATE UNIVERSITY PURPOSE: SUPPORT THE IMPLEMENTATION OF A PRIMARY TEXTS PROGRAM. | $80,000 |
WASHBURN UNIVERSITY FOUNDATION PURPOSE: STRENGTHEN WASHBURN UNIVERSITY AND ENHANCE THE EDUCATIONAL OPPORTUNITIES AND EXPERIENCES OF OUR STUDENTS. GRANT EARMARKED FOR SCHOLARSHIPS FOR PARTICIPANTS OF THE ICHABOD SUCCESS INSTITUTE. | $90,000 |
KANSAS POLICY INSTITUTE PURPOSE: TO DEFEND FREE MARKETS, LIMITED GOVERNMENT, AND PERSONAL FREEDOM. | $75,000 |