Redy Foundation Inc
- Assets
- $273.2k
- Revenue
- $196.9k
- Investments
- $270.1k
- Employees
- 0
- Location
- Newark, DE
- Founding
- Data as of
- 12/2022
- EIN
- 84-4354059
Organization Overview
Redy Foundation Inc is located in Newark, DE. 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. Redy 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 12/2022, Redy Foundation Inc generated $196.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $8.6k during the year ending 12/2022. While expenses have increased by 11.8% per year over the past 3 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL AND GENERAL CHARITABLE ACTIVITIES
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $907 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,051 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $196,856 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $110 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $500 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,562 |
| Contributions, gifts, grants paid | $6,000 |
| Total expenses and disbursements | $8,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,136 |
| 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 | $270,056 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $273,192 |
| 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, Redy Foundation Inc has awarded $6,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
USC PURPOSE: GOODWROKSCHARITY | $4,500 |
Newark, DE PURPOSE: GOODWORSKCHARITY | $1,000 |
DCAA PURPOSE: GOODWORKSCHARITY | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Jersey Institute Of Technology Foundation Newark, NJ | $177,817,526 | $21,630,945 |
Johns Hopkins University Retiree Medical Benefits Tr Baltimore, MD | $393,460,709 | $90,822,229 |
Doctors Center Management Corporation Oceanport, NJ | $41,567 | $8,892,194 |
English-Bonter-Mitchell Foundation Pittsburgh, PA | $150,419,755 | $42,613,149 |
Delaware State University Foundation Inc Dover, DE | $37,335,368 | $19,092,791 |
Friends Of Team Academy Charter School A New Jersey Non-Profit Org Newark, NJ | $241,241,974 | $11,734,420 |
University Of Maryland Medical System Foundation Inc Baltimore, MD | $91,803,907 | $14,920,300 |
Montclair State University Foundation Inc Montclair, NJ | $109,561,235 | $13,284,004 |
Isaac Newton Foundation Inc Philadelphia, PA | $139,547,072 | $8,902,357 |
Annenberg School For Communication Tr At The University Of Pa Philadelphia, PA | $121,203,086 | $8,507,152 |
Clarion Universiy Foundation Inc Clarion, PA | $152,611,961 | $6,384,820 |
Central Pennsylvania School Employee Benefit Trust Bellefonte, PA | $7,410,494 | $6,984,249 |