Red Oak Foundation Inc
- Assets
- $2.3m
- Revenue
- $89.2k
- Investments
- $2.1m
- Employees
- 0
- Location
- Florence, WI
- Founding
- 07/2015
- Data as of
- 12/2023
- EIN
- 47-2507388
Organization Overview
Red Oak Foundation Inc is located in Florence, WI. The organization was established in 2015. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Red Oak Foundation Inc 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 12/2023, Red Oak Foundation Inc generated $89.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (19.9%) each year. All expenses for the organization totaled $273.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Red Oak Foundation Inc has awarded 177 individual grants totaling $1,457,235. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles A Schrock President | 2 | $0 | |
Karen E Simring Vice President | 2 | $0 | |
Elizabeth J Schrock Treasurer | 2 | $0 | |
Kenneth C Schrock Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $52,345 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36,807 |
| Capital Gain Net Income | $36,807 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $89,152 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,221 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,047 |
| Total operating and administrative expenses | $17,918 |
| Contributions, gifts, grants paid | $255,500 |
| Total expenses and disbursements | $273,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,781 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $4,240 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,081,538 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,300,559 |
| 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 | $4,000 |
| Total liabilities | $4,000 |
Grants Awarded
Over the last fiscal year, Red Oak Foundation Inc has awarded $255,500 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
KIWANIS SKI CLUB PURPOSE: PUBLIC CHARITY | $50,000 |
MARSHFIELD MEDICAL CENTER - DICKINSON CANCER CENTER CAMPAIGN FUND PURPOSE: PUBLIC CHARITY | $50,000 |
CRYSTAL THEATRE PAC PURPOSE: PUBLIC CHARITY | $45,000 |
FLORENCE COUNTY SCHOOLS PURPOSE: PUBLIC CHARITY | $26,500 |
FLORENCE COUNTY SHERIFF DEPARTMENT K-9 UNIT PURPOSE: PUBLIC CHARITY | $15,000 |
NITTANY PERFORMING ARTS CENTRE PURPOSE: PUBLIC CHARITY | $10,000 |