Ellen Mitchell Redd Foundation
- Assets
- $283.3k
- Revenue
- $27.7k
- Investments
- $281.0k
- Employees
- 0
- Location
- Florence, AL
- Founding
- 05/1994
- Data as of
- 06/2024
- EIN
- 63-1100709
Organization Overview
Ellen Mitchell Redd Foundation is located in Florence, AL. The organization was established in 1994. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ellen Mitchell Redd 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 06/2024, Ellen Mitchell Redd Foundation generated $27.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $19.0k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ellen Mitchell Redd Foundation has awarded 66 individual grants totaling $203,000. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
DPFERR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Uhland O Redd III Trustee | 1 | $0 | |
Edmund E Redd Trustee | 1 | $0 | |
William Mitchell Redd Trustee | 1 | $0 | |
Uhland O Redd IV Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $768 |
| Dividends & Interest | $5,480 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,487 |
| Capital Gain Net Income | $21,487 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,735 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $29 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,008 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $19,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,304 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $21,852 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $283,324 |
| 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, Ellen Mitchell Redd Foundation has awarded $15,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
SHOALS SYMPHONY AT UNA PURPOSE: SUPPORT MUSICAL ARTS | $2,000 |
YMCA OF THE SHOALS PURPOSE: SUPPORT CHARITY | $3,000 |
FLORENCE-LAUDERDALE PUBLIC LIBRARY PURPOSE: SUPPORT READING/EDUCATION | $1,000 |
THE HELP CENTER OF FLORENCE PURPOSE: SUPPORT CHARITY | $1,000 |
GRADUATING CHAMPIONS FUND PURPOSE: SUPPORT CHARITY | $2,000 |
FIRST PRESBYTERIAN CHURCH PURPOSE: SUPPORT CHURCH | $4,000 |