Redwood Forest Foundation Inc
- Assets
- $89.5m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 10
- Location
- Fort Bragg, CA
- Founding
- 01/2000
- Data as of
- 12/2023
- EIN
- 68-0404767
Organization Overview
Redwood Forest Foundation Inc is located in Fort Bragg, CA. The organization was established in 2000. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, under the broad grouping of Environment and related organizations. As of 12/2023, Redwood Forest Foundation Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Redwood Forest 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, Redwood Forest Foundation Inc generated $8.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $6.6m during the year ending 12/2023. While expenses have increased by 1.9% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THIS ORGANIZATION IS TO ACQUIRE, PROTECT, RESTORE, AND MANAGE FORESTLANDS AND OTHER RELATED RESOURCES IN THE REDWOOD REGION FOR THE LONG-TERM BENEFIT OF THE COMMUNITIES LOCATED THERE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROTECTS AND MANAGES FORESTLAND TO ENSURE ECOLOGIC AND ECONOMIC MANAGEMENT OF FOREST RESOURCES IN ACCORDANCE WITH THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE, INCLUDING SUSTAINABLE FORESTRY PRACTICES PROVIDING EMPLOYMENT IN FORESTLAND MANAGEMENT, WATERSHED AND HABITAT RESTORATION, TIMBER HARVESTING, AND FOREST PRODUCTS PROCESSING. THIS IS FOR THE SOCIAL, ENVIRONMENTAL AND ECONOMIC BENEFIT OF ALL THE CITIZENS IN THE NORTHWESTERN CALIFORNIA REGION IN PERPETUITY.
IN CONTINUANCE OF THE ORGANIZATION'S DEVELOPMENT OF RENEWABLE RESOURCES AND ECONOMICALLY SUSTAINABLE FOREST RESOURCE MANAGEMENT, INCLUDING FULLY INVENTORYING, ASSESSING AND EVALUATING ITS FORESTLANDS, THE ORGANIZATION IS REGISTERED ON THE CLIMATE ACTION RESERVE REGISTRY FOR CARBON CREDITS AND SELLS CARBON CREDITS FOR THE REDUCTION OF GREENHOUSE GAS EMISSIONS OFFSET BY THE ORGANIZATION'S FORESTLANDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Candace Skarlatos Treasurer & CFO | OfficerTrustee | 1 | $0 |
Jeff Romm Director, Board Member | Trustee | 1 | $0 |
William Snyder Chair Of The Board | OfficerTrustee | 1 | $0 |
Richard Gienger Director, Board Member | Trustee | 1 | $0 |
Mike Balok Director, Board Member | Trustee | 1 | $0 |
Dr Robert Hrubes Director, Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Forest Capital Llc Carbon Consultant | 12/30/23 | $473,054 |
Finnegan Excavation Services Excavation Services | 12/30/23 | $281,198 |
Elk Ridge Landscaping Road Maintenance | 12/30/23 | $307,740 |
Barnett Logging Inc Logging And Hauling Of Timber | 12/30/23 | $158,050 |
Two Brothers Logging & Excavation Logging And Hauling Of Timber | 12/30/23 | $190,255 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $675,447 |
| All other contributions, gifts, grants, and similar amounts not included above | $999,296 |
| Noncash contributions included in lines 1a–1f | $785,184 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,674,743 |
| Total Program Service Revenue | $0 |
| Investment income | $355 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $252,882 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,688,583 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,617,203 |
| 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. | $96,000 |
| Compensation of current officers, directors, key employees. | $96,000 |
| Compensation to disqualified persons | $971,522 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $58,673 |
| Fees for services: Accounting | $45,556 |
| Fees for services: Lobbying | $30,614 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,913 |
| Advertising and promotion | $22,097 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,760 |
| Travel | $6,059 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,364 |
| Interest | $3,833,177 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $108,396 |
| Insurance | $75,552 |
| All other expenses | $0 |
| Total functional expenses | $6,607,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,655,789 |
| Savings and temporary cash investments | $4,235 |
| Pledges and grants receivable | $155,380 |
| Accounts receivable, net | $319,688 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $208,191 |
| Prepaid expenses and deferred charges | $115,854 |
| Net Land, buildings, and equipment | $85,010,461 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $89,469,598 |
| Accounts payable and accrued expenses | $213,269 |
| 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 | $70,882,597 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $71,095,866 |
| Net assets without donor restrictions | $18,355,292 |
| Net assets with donor restrictions | $18,440 |
| 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 | $89,469,598 |