Rtwelve Inc
- Assets
- $108.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Newport Beach, CA
- Founding
- 09/2018
- Data as of
- 06/2023
- EIN
- 81-4101336
Organization Overview
Rtwelve Inc is located in Newport Beach, CA. The organization was established in 2018. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Rtwelve 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 06/2023, Rtwelve Inc generated $147.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $142.3k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
EXPENSES INCURRED TO FACILITATE THE CHAPTERS AND PURSUE EXPANSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brady Schmidt Treasurer | 3 | $0 | |
Deann Carroll Chairman | 3 | $0 | |
Kimberly Milo Executive Dir. | 40 | $27,475 | |
Tricia Riley Secretary | 3 | $0 | |
Ian Britton Board Member | 3 | $0 | |
Parker Abercrombie Board Member | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $127,068 |
| Total Program Service Revenue | $0 |
| Membership dues | $20,698 |
| Investment income | $11 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $147,777 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $43,333 |
| Professional fees and other payments to independent contractors | $15,424 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $83,566 |
| Total expenses | $142,323 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $108,865 |
| Other assets | $0 |
| Total assets | $108,865 |
| Total liabilities | $1,185 |
| Net assets or fund balances | $107,680 |