Red Sweater Project
- Assets
- $103.5k
- Revenue
- $236.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Lake Oswego, OR
- Founding
- 02/2013
- Data as of
- 12/2021
- EIN
- 27-5222528
Organization Overview
Red Sweater Project is located in Lake Oswego, OR. The organization was established in 2013. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Red Sweater Project employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Red Sweater Project 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, Red Sweater Project generated $236.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $248.4k during the year ending 12/2021. While expenses have increased by 12.6% per year over the past 7 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE ACCESS TO SECONDARY SCHOOL EDUCATION FOR THE INDIGENOUS CHILDREN OF TANZANIA.
Describe the Organization's Program Activity:
THE RED SWEATER PROJECT HAS WORKED ALONGSIDE COMMUNITY MEMBERS IN THE LAUNCHING OF THE VILLAGE'S FIRST SECONDARY SCHOOL IN MUNGERE VILLAGE, TANZANIA. THE ORGANIZATION OPERATES THE SCHOOL WITH APPROVAL FROM THE LOCAL GOVERNMENT LEADERSHIPS. THE SCHOOL HAD 137 STUDENTS IN 2019. THE ORGANIZATION'S FOCUS ON QUALITY EDUCATION HAS SET US APART SINCE THE BEGINNING. OUR SUCCESS IS NOT DEFINED BY THE NUMBER SCHOOLS WE BUILD, BUT THE EFFECTIVENESS OF OUR GRADUATES AS LEADERS IN THEIR COMMUNITIES. IN 2013, MUNGERE STUDENTS SCORED IN THE TOP QUARTER OF SCHOOLS IN OUR REGION AND SECOND IN THE DISTRICT. IN 2018 THE SCHOOL GRADUATED ITS SECOND FORM IV CLASS. EVERY MUNGERE GRADUATE PASSED THEIR NATIONAL EXAMS, COMPARED WITH ONLY 30 NATIONALLY. THE SCHOOL IS RECOGNIZED BY THE TANZANIA MINISTRY OF EDUCATION FOR INVESTING IN A LONG TERM VISION FOR STUDENTS WHILE ACHIEVING EXPEDITIOUS RESULTS FOR ITS STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Holmer Executive Dir. | Officer | 40 | $54,718 |
Ada Bansik Trustee | Trustee | 1 | $0 |
John Nyberg Trustee | Trustee | 1 | $0 |
Paul Robarts Trustee | Trustee | 1 | $0 |
John Nicholson Trustee | Trustee | 1 | $0 |
Alan Holmer Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,677 |
| All other contributions, gifts, grants, and similar amounts not included above | $211,126 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $226,803 |
| Total Program Service Revenue | $10,059 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $236,862 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $54,718 |
| Compensation of current officers, directors, key employees. | $16,415 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,524 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,392 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,357 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,000 |
| Advertising and promotion | $0 |
| Office expenses | $4,812 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,919 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,050 |
| Insurance | $65 |
| All other expenses | $53 |
| Total functional expenses | $248,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,615 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $70,839 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $103,454 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $103,454 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $103,454 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Red Sweater Project has recieved totaling $36,903.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Southeast Michigan Detroit, MI PURPOSE: GENERAL OPERATIONS | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $6,750 |
The Robert Thomas Bobins Foundation Chicago, IL PURPOSE: GENERAL SUPPORT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $153 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Magnolia Educational & Research Foundation Los Angeles, CA | $67,129,472 | $66,230,945 |
Panda Cares Foundation Inc Las Vegas, NV | $37,372,072 | $45,451,718 |
Xq Institute Oakland, CA | $14,589,368 | $51,717,404 |
Room To Read San Francisco, CA | $51,354,748 | $61,954,261 |
South Bay Workforce Investment Board Inc Hawthorne, CA | $7,623,488 | $36,083,167 |
Compass Charter Schools Thousand Oaks, CA | $14,467,036 | $29,961,787 |
New Teacher Center Santa Cruz, CA | $27,814,525 | $27,076,985 |
Alpha Public Schools Inc San Jose, CA | $20,794,542 | $26,321,038 |
Code Org Seattle, WA | $56,417,809 | $32,287,151 |
Give To Learn To Grow Foundation Culver City, CA | $40,470 | $188,892 |
Washington Stem Center Seattle, WA | $144,962,083 | $51,456,581 |
Club For The Future Kent, WA | $9,001,115 | $28,277,868 |