Red Electric Foundation
- Assets
- $139.5k
- Revenue
- $16.8k
- Investments
- $130.0k
- Employees
- 0
- Location
- Underwood, WA
- Founding
- 04/2001
- Data as of
- 06/2024
- 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 |
|---|---|---|---|
Cam Thomas Board Member | 2 | $0 | |
Barbara H Thomas Board Member | 0.5 | $0 | |
Randy Knowles Board Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $27 |
| Dividends & Interest | $4,450 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,339 |
| Capital Gain Net Income | $12,377 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,816 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $33 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,376 |
| Contributions, gifts, grants paid | $12,050 |
| Total expenses and disbursements | $22,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,462 |
| 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 | $139,495 |
| 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 | $18,017 |
| Other liabilities | $0 |
| Total liabilities | $18,017 |
Grants Awarded
Over the last fiscal year, Red Electric Foundation has awarded $12,050 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
WHITE SALMON LIONS CLUB PURPOSE: TO EMPOWER VOLUNTEERS TO SERVE THEIR COMMUNITIES AND MEET HUMANITARIAN NEEDS | $700 |
WESTERN ANTIQUE AUTOMOBILE MUSEUM PURPOSE: PROVIDES PUBLIC ACCESS TO THE MUSEUM'S ANTIQUE AEROPLANES AND AUTOMOBILES | $2,000 |
UNDERWOOD FIRE DEPARTMENT PURPOSE: TO PROVIDE SUPORT FOR THE LOCAL FIRE DEPARTMENT | $500 |
GORGE HERITAGE MUSEUM PURPOSE: DISSEMINATES KNOWLEDGE ABOUT THE HISTORY OF A LOCAL AREA IN WASHINGTON | $200 |
ELKS LODGE 1868 PURPOSE: TO SUPPORT THE POSITIVE, LONG LASTING CHANGES WITHIN THE LOCAL COMMUNITY. | $200 |
WA GORGE ACTION PROGRAMS PURPOSE: HUMAN SERVICES ORGANIZATION HELPING FAMILIES & COMMUNITIES WITH BASIS NEEDS LIKE HOUSING, EMERGENCY SHELTER, DOMESTIC VIOLENCE PREVENTION ETC. | $550 |