Redbud Foundation
- Assets
- $14.0m
- Revenue
- $14.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Topeka, KS
- Founding
- 12/2008
- Data as of
- 12/2021
- 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 12/2021, Redbud Foundation generated $14.1m in total revenue. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 38.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Redbud Foundation has awarded 92 individual grants totaling $10,740,835. 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
2021
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 | 8 | $18,000 | |
Jc Bloom Treasurer | 8 | $18,000 | |
Gerald Lauber President (8/8/21-12/31/21) | 8 | $0 | |
Glenn Swogger Jr President/treasurer (1/1/21-8/7/21) | 1 | $0 | |
Dave Newbery Assistant Treasurer/secretary | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,103,577 |
| Interest on Savings | $0 |
| Dividends & Interest | $644 |
| 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 | $14,104,221 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $54,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,223 |
| Printing and publications | $0 |
| Other expenses | $7,029 |
| Total operating and administrative expenses | $101,668 |
| Contributions, gifts, grants paid | $1,296,590 |
| Total expenses and disbursements | $1,398,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,980,180 |
| Net Accounts receivable | $119 |
| 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 | $13,980,299 |
| 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 $1,296,590 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ACE SCHOLARSHIPS PURPOSE: SUPPORT SCHOLARSHIPS. | $700,000 |
PACIFIC RESEARCH INSTITUTE FOR PUBLIC POLICY PURPOSE: SUPPORT THE INSTITUTE'S MISSION TO CHAMPION FREEDOM, OPPORTUNITY, AND PERSONAL RESPONSIBILITY. | $100,000 |
NORTH TOPEKA ARTS DISTRICT INC PURPOSE: ESTABLISH A VIABLE ARTS COMMUNITY IN NORTH TOPEKA. | $83,500 |
Manhattan, KS PURPOSE: SUPPORT THE IMPLEMENTATION OF A PRIMARY TEXTS PROGRAM. | $80,000 |
Wichita, KS PURPOSE: TO DEFEND FREE MARKETS, LIMITED GOVERNMENT, AND PERSONAL FREEDOM. | $75,000 |
Topeka, KS PURPOSE: ENHANCE THE LIVES OF CHILDREN; INSPIRE CREATIVITY AND A LIFELONG LOVE OF LEARNING; ENRICH THE HEALTH OF OUR COMMUNITY THROUGH EDUCATION; AND PROVIDE AN EXCITING AND SAFE PLACE FOR FAMILIES TO LEARN, PLAY AND INTERACT. GRANT EARMARKED FOR FOSTER CARE PROJECT. | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Net Foundation For Television Lincoln, NE | $25,243,567 | $5,881,957 |
Allied Arts Of Oklahoma Inc Oklahoma City, OK | $9,236,321 | $5,698,295 |
Civic Center Foundation Oklahoma City, OK | $10,342,313 | $5,787,753 |
Richard J Stern Foundation For The Arts Kansas City, MO | $50,258,336 | $4,476,999 |
Kim Foundation Omaha, NE | $13,392,339 | $1,364,269 |
Redbud Foundation Topeka, KS | $13,980,299 | $14,104,221 |
Community Capital Fund Kansas City, MO | $1,497,991 | $1,400,960 |
Heritage Services Omaha, NE | $5,191,570 | $1,133,044 |
Fox Family Foundation Denver, CO | $12,191,378 | $91,435 |
Boulder County Arts Alliance Inc Boulder, CO | $1,719,449 | $738,914 |
Sidney & Bobette Guller Family Foundation Chesterfield, MO | $4,106,715 | $2,073,886 |
Omaha Philanthropic Trust Omaha, NE | $1,425,885 | $60,183 |