N D & Mary Redmon Foundation Inc
- Assets
- $955.8k
- Revenue
- -$50.9k
- Investments
- $935.5k
- Employees
- 0
- Location
- Tulia, TX
- Founding
- 01/1975
- Data as of
- 12/2022
- EIN
- 75-1333002
Organization Overview
N D & Mary Redmon Foundation Inc is located in Tulia, TX. The organization was established in 1975. 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. N D & Mary Redmon 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.
Since 2014, N D & Mary Redmon Foundation Inc has awarded 85 individual grants totaling $313,802. 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 |
|---|---|---|---|
Geo Jennings Jr Director | 0 | $0 | |
H Truitt Holton Director | 0 | $0 | |
Larry Stewart Director | 0 | $0 | |
Ross James Director | 0 | $0 | |
Frank Reeves Director | 0 | $0 | |
Bobby Moudy Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,389 |
| Dividends & Interest | $8,808 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$90,308 |
| Capital Gain Net Income | $10,483 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $28,256 |
| Total Revenue | -$50,855 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,364 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $15,268 |
| Contributions, gifts, grants paid | $49,000 |
| Total expenses and disbursements | $64,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,914 |
| 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 | $935,526 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $9,361 |
| Total assets | $955,801 |
| 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, N D & Mary Redmon Foundation Inc has awarded $49,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
GOOD SHEPHERD OUTREACH PURPOSE: FOOD AND PANTRY ITEMS | $4,000 |
SWISHER CO SENIOR CITIZEN PURPOSE: OPERATING HOME DELIVERED MEALS | $10,000 |
SWISHER COUNTY ARCHIVES A PURPOSE: MUSUEM MAINTENANCE | $1,000 |
TULIA AMERICAN LEGION PURPOSE: BLDG MAINTENANCE | $6,000 |
TULIA XMAS LOVE FUND PURPOSE: XMAS AND COMMUNITY BENEVOLENCE | $1,000 |
TULIA VFW POST PURPOSE: POST REPAIRS & UPKEEP | $5,000 |