Red Empress Foundation
- Assets
- $1.3m
- Revenue
- $323.7k
- Investments
- $988.6k
- Employees
- 0
- Location
- Bar Harbor, ME
- Founding
- 11/2001
- Data as of
- 12/2023
- EIN
- 84-1605718
Organization Overview
Red Empress Foundation is located in Bar Harbor, ME. The organization was established in 2001. 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. Red Empress 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 12/2023, Red Empress Foundation generated $323.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $493.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gayle Nosal President | 15 | $20,400 | |
Name Not Listed Exec Dir | 20 | $34,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,000 |
| Interest on Savings | $312 |
| Dividends & Interest | $23,404 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $57,768 |
| Net ST Capital Gain | $2,316 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $323,716 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $1,722 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $394 |
| Printing and publications | $0 |
| Other expenses | $18,369 |
| Total operating and administrative expenses | $107,268 |
| Contributions, gifts, grants paid | $386,620 |
| Total expenses and disbursements | $493,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $266,642 |
| Savings and temporary cash investments | $15,893 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,271,165 |
| 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 |