Red Electric Foundation
- Assets
- $149.1k
- Revenue
- $13.5k
- Investments
- $148.2k
- Employees
- 0
- Location
- Underwood, WA
- Founding
- 04/2001
- Data as of
- 06/2022
- EIN
- 91-2092459
Organization Overview
Red Electric Foundation is located in Underwood, WA. The organization was established in 2001. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Red Electric Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Knowles Board Member | 0.25 | $0 | |
Barbara H Thomas Board Member | 0.5 | $0 | |
Cam Thomas Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $4,517 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,005 |
| Capital Gain Net Income | $9,005 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,523 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $34 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,161 |
| Contributions, gifts, grants paid | $11,320 |
| Total expenses and disbursements | $20,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $949 |
| 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 | $149,116 |
| 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 | $13,216 |
| Other liabilities | $5,338 |
| Total liabilities | $18,554 |
Grants Awarded
Over the last fiscal year, Red Electric Foundation has awarded $11,320 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
JUDICIAL WATCH PURPOSE: PROMOTE INTEGRITY TRANSPARENCY AND ACCOUNTABILITY IN GOVERNMENT | $1,500 |
WOUNDED WARRIOR PURPOSE: ASSIST WOUNDED VEETERANS | $1,000 |
Hood River, OR PURPOSE: PROVIDES PUBLIC ACCESS TO THE MUSEUM'S ANTIQUE AEROPLANES AND AUTOMOBILES | $1,000 |
Hillsdale, MI PURPOSE: EDUCATION | $1,000 |
PRAGER UNIVERSITY PURPOSE: PROMOTE EDUCATION | $1,000 |
BOY SCOUNTS OF AMERICA CASCADE PACI PURPOSE: FUND BOY SCOUT ACTIVITIES | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Twin Falls Canal Company Twin Falls, ID | $15,506,404 | $6,312,715 |
Oaks Park Association Portland, OR | $15,243,848 | $2,154,099 |
Aberdeen-Springfield Canal Co Aberdeen, ID | $4,973,666 | $3,199,383 |
Big Wood Canal Company Shoshone, ID | $14,862,261 | $3,464,114 |
Washingtons National Park Fund Seattle, WA | $3,011,773 | $2,578,646 |
Discover Your Northwest Seattle, WA | $2,832,800 | $3,399,427 |
Hat Butte Mutual Canal Company Nampa, ID | $519,153 | $1,258,792 |
Boys & Girls Club Of The Umpqua Valley Roseburg, OR | $4,819,111 | $1,858,339 |
Happy Canyon Company Inc Pendleton, OR | $1,239,056 | $1,841,169 |
Denali Education Center Denali Park, AK | $3,977,416 | $678,642 |
Salmon River Canal Company Ltd Twin Falls, ID | $1,901,770 | $954,732 |
Trail Mix Inc Juneau, AK | $1,972,045 | $1,896,110 |