The Red Tab Foundation
- Assets
- $16.2m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 05/1982
- Data as of
- 05/2023
- EIN
- 94-2779937
Organization Overview
The Red Tab Foundation is located in San Francisco, CA. The organization was established in 1982. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Red Tab 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 05/2023, Red Tab Foundation generated $3.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $4.5m during the year ending 05/2023. While expenses have increased by 10.9% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EMERGENCY FUNDS FOR LEVI STRAUSS & CO. EMPLOYEES, RETIREES AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GLOBAL GRANT PROGRAMSTHE CURRENT GOAL OF THE GLOBAL GRANT PROGRAM IS TO PROTECT THE BASIC NEEDS OF EMPLOYEES AND RETIREES WHO ARE FACING FINANCIAL EMERGENCIES. THE LONG-TERM GOAL IS TO DO THE SAME, WITH EXPANDED GLOBAL REACH AND STRONG REFERRALS TO OTHER RESOURCES TO ADDRESS UNDERLYING CAUSES OF FINANCIAL INSTABILITY. IN FISCAL YEAR 2023, OUR ORGANIZATION SERVED OVER 1,577 EMPLOYEES OR RETIREES GLOBALLY.
RED TAB SAVERS PROGRAMTHE CURRENT GOAL OF THE PROGRAM IS TO INCENTIVIZE HOURLY EMPLOYEES TO SAVE THEIR OWN MONEY TO BUILD A FINANCIAL SAFETY NET. THE LONG-TERM GOAL IS TO DO THE SAME AT A GREATER SCALE. IN FISCAL YEAR 2023, 1,249 EMPLOYEES SAVED MORE THAN $203,000 OF THEIR OWN MONEY IN THE PROGRAM AND RECEIVED MATCH REWARDS AND FINANCIAL EDUCATION FROM THE PROGRAM.
INTEREST-FREE EMERGENCY LOANSINTEREST-FREE LOANS ARE OFFERED TO EMPLOYEES IN CIRCUMSTANCES WHERE THE NEED IS MORE OF A CASH FLOW ISSUE THAN A TRUE FINANCIAL EMERGENCY. IN FISCAL YEAR 2023, 239 EMPLOYEES WERE ISSUED NO-INTEREST LOANS TOTALING $232,492.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Haas Jr President | OfficerTrustee | 2 | $0 |
Lisa Stirling CFO | OfficerTrustee | 1 | $0 |
Jeff Harlowe Vice President | OfficerTrustee | 0.2 | $0 |
Kelly Mcginnis Secretary | OfficerTrustee | 3 | $0 |
Susan Brennan Board Member | Trustee | 0.2 | $0 |
Molly Buckley Board Member | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $95,741 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,227,282 |
| Noncash contributions included in lines 1a–1f | $123,389 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,323,023 |
| Total Program Service Revenue | $0 |
| Investment income | $395,355 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $375,178 |
| Net Income from Fundraising Events | -$3,889 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,089,667 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,277,222 |
| Grants and other assistance to Foreign Orgs/Individuals | $815,169 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $314,992 |
| Compensation of current officers, directors, key employees. | $40,246 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $540,147 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $180,314 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,364 |
| Fees for services: Accounting | $78,556 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,910 |
| Fees for services: Other | $105,248 |
| Advertising and promotion | $6,248 |
| Office expenses | $9,161 |
| Information technology | $22,899 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,483 |
| 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 | $3,031 |
| All other expenses | $0 |
| Total functional expenses | $4,492,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $347,200 |
| Savings and temporary cash investments | $236,985 |
| Pledges and grants receivable | $123,324 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $161,779 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $79,645 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $15,212,422 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,161,355 |
| Accounts payable and accrued expenses | $32,407 |
| Grants payable | $0 |
| 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 | $32,407 |
| Net assets without donor restrictions | $16,128,948 |
| Net assets with donor restrictions | $0 |
| 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 | $16,161,355 |