Redf
- Assets
- $46.7m
- Revenue
- $28.0m
- Investments
- $10.0m
- Employees
- 92
- Location
- San Francisco, CA
- Founding
- 01/2004
- Data as of
- 12/2023
- EIN
- 54-2132153
Organization Overview
Redf is located in San Francisco, CA. The organization was established in 2004. According to its NTEE Classification (T01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Redf employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Redf 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, Redf generated $28.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $24.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Redf has awarded 552 individual grants totaling $41,460,924. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE OREDF INVESTS IN BUSINESSES THAT REVEAL AND REINFORCE THE TALENT OF PEOPLE BREAKING THROUGH BARRIERS TO EMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GROWTH PORTFOLIO: REDF PROVIDES CUSTOMIZED HANDS-ON TECHNICAL ASSISTANCE AND MEASURES RESULTS TO A DIVERSE PORTFOLIO OF ESES TO INCORPORATE BEST PRACTICES THAT IMPROVE PARTICIPANT OUTCOMES AND SUSTAINABILITY FOR THE ENTERPRISES.
OTHER PROGRAM SERVICES INCLUDE COMMUNITY, IMPACT LENDING, LEARNING & EVIDENCE, ADVOCACY, STRATEGIC IMPLEMENTATION, FARBER INTERNSHIP, AND OUTREACH.
PARTNERSHIPS: REDF PROVIDES CAPACITY BUILDING CONSULTING ON ACCESSING PUBLIC SUPPORT AND OFFERS INTERMEDIARY SERVICES TO COMMUNITIES THAT SEEK TO CREATE PUBLIC-PRIVATE PARTNERSHIPS THAT HELP GROW THE ESE FIELD. IN 2023 REDF COLLABORATED WITH THE STATE OF CALIFORNIA TO LAUNCH CALIFORNIA REGINAL INITIATIVE FOR SOCIAL ENTERPRISES (CA RISE) WHICH WILL INVEST IN AND SCALE ESES STATEWIDE, CREATING A STRONGER AND MORE INCLUSIVE ECONOMIC AND WORKFORCE DEVELOPMENT SYSTEM IN CALIFORNIA.
THE REDF ACCELERATOR PROVIDES CO-HORT BASED LEADERSHIP TRAINING AND COACHING TO ESE LEADERS WITH A FOCUS ON CORE ESE COMPETENCIES, INCLUDING STRATEGIC PLANNING, FINANCIAL PLANNING, OPERATIONS, MARKETING AND COMMUNICATION AND EMPLOYEE SUPPORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George R Roberts Board Chair | OfficerTrustee | 1 | $0 |
Stuart Davidson Vice Chair | OfficerTrustee | 1 | $0 |
Philip Estes Treasurer | OfficerTrustee | 1 | $0 |
Dan Rose Secretary | OfficerTrustee | 1 | $0 |
Harris Barton Board Member | Trustee | 1 | $0 |
Bonnie Boswell Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Seattle Jobs Initiative Technical Assistance | 12/30/23 | $188,465 |
Trailhead Strategies Technical Assistance | 12/30/23 | $149,731 |
Mosaic Solutions And Advocacy Llc Strategy Services | 12/30/23 | $119,988 |
Mette Anderson Event Planning | 12/30/23 | $102,828 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,029,604 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,807,028 |
| Noncash contributions included in lines 1a–1f | $152,067 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,836,632 |
| Total Program Service Revenue | $0 |
| Investment income | $302,087 |
| 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 | $28,015,674 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,750,900 |
| 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. | $1,301,335 |
| Compensation of current officers, directors, key employees. | $405,310 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,684,824 |
| Pension plan accruals and contributions | $279,104 |
| Other employee benefits | $1,531,211 |
| Payroll taxes | $666,025 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,849 |
| Fees for services: Accounting | $40,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,934,792 |
| Advertising and promotion | $0 |
| Office expenses | $36,885 |
| Information technology | $516,312 |
| Royalties | $0 |
| Occupancy | $581,759 |
| Travel | $957,355 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $98,622 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $116,123 |
| Insurance | $54,414 |
| All other expenses | $123,225 |
| Total functional expenses | $24,534,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,147,360 |
| Savings and temporary cash investments | $13,150,214 |
| Pledges and grants receivable | $17,638,602 |
| Accounts receivable, net | $880,468 |
| 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 | $230,675 |
| Net Land, buildings, and equipment | $933,028 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,962,392 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,732,797 |
| Total assets | $46,675,536 |
| Accounts payable and accrued expenses | $1,794,588 |
| 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 | $2,423,972 |
| Total liabilities | $4,218,560 |
| Net assets without donor restrictions | $20,187,695 |
| Net assets with donor restrictions | $22,269,281 |
| 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 | $46,675,536 |
Grants Awarded
Over the last fiscal year, Redf has awarded $5,732,500 in support to 79 organizations.
| Grant Recipient | Amount |
|---|---|
BELLSKY LLC DBA BELLDEN CAFE PURPOSE: Accelerator | $20,000 |
BINGHAMPTON DEVELOPMENT CORPORATION PURPOSE: Accelerator | $20,000 |
BOTTOM BUNK LLC PURPOSE: Accelerator | $20,000 |
CHINOOK ENTERPRISES PURPOSE: Accelerator | $20,000 |
CONCONNECT HOLDINGS CORPORATION PURPOSE: Accelerator | $20,000 |
EDWINS LEADERSHIP & RESTAURANT INSTITUTE PURPOSE: Accelerator | $20,000 |