Project Redwood
- Assets
- $1.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 2
- Location
- San Rafael, CA
- Founding
- Data as of
- 06/2024
- EIN
- 88-3021934
Organization Overview
Project Redwood is located in San Rafael, CA. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2024, Project Redwood employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Redwood is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2024, Project Redwood has awarded 26 individual grants totaling $1,105,000. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROJECT REDWOOD'S MISSION IS TO PROVIDE FUNDING, EXPERTISE, AND CONNECTIONS TO SOCIAL ENTREPRENEURS WHO ADDRESS THE CHALLENGE OF GLOBAL POVERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECT REDWOOD PROVIDES FUNDING, EXPERTISE, AND CONNECTIONS TO SOCIAL ENTREPRENEURS WHO ADDRESS THE CHALLENGE OF GLOBAL POVERTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Michael Watt CFO & Ass't Secretary | OfficerTrustee | 17 | $0 |
William Westwood Secretary | OfficerTrustee | 3 | $0 |
Kenneth Inadomi Director, Board Co-Chair | OfficerTrustee | 25 | $0 |
Brad Smith Director | Trustee | 15 | $0 |
Donna Allen Director | Trustee | 30 | $0 |
Caroline Caufield Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,488,751 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,488,751 |
| Total Program Service Revenue | $0 |
| Investment income | $57,468 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,546,219 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,117,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $40,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $136,891 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,284 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,243 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $250 |
| Office expenses | $10,224 |
| Information technology | $5,203 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $234 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,296 |
| All other expenses | $25 |
| Total functional expenses | $1,358,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,471 |
| Savings and temporary cash investments | $1,475,405 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,000 |
| Total assets | $1,542,876 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,157,500 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,157,500 |
| Net assets without donor restrictions | $293,122 |
| Net assets with donor restrictions | $92,254 |
| 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 | $1,542,876 |
Grants Awarded
Over the last fiscal year, Project Redwood has awarded $1,105,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
AGAPE HEART INTERNATIONAL ORGANIZATION (AHIO) PURPOSE: GENERAL SUPPORT | $40,000 |
ANDEAN ALLIANCE FOR SUSTAINABLE DEVEL (AASD) PURPOSE: GENERAL SUPPORT | $45,000 |
ASOCIACION KANTAYA PURPOSE: GENERAL SUPPORT | $40,000 |
BUILD OUR LIVES TOGETHER INC (BOLT) PURPOSE: GENERAL SUPPORT | $50,000 |
DELTA EDUCATION COLLECTIVE PURPOSE: GENERAL SUPPORT | $40,000 |
BREAKING THE CHAIN THROUGH EDUCATION (BTCTE) PURPOSE: GENERAL SUPPORT | $40,000 |