Otis Redding Foundation Inc
Nonprofit profile at a glance
- EIN
- 582435617
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024, Form 990-PF 2012
- Location
- Macon, GA, USA
- Phone
- 4782166847
- Rating
- 66
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Music
Reported finances
- Revenue
- $2,758,489
- Expenses
- $729,149
- Assets
- $9,614,959
- Liabilities
- $2,771,996
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- ZELMA REDDING (PRESIDENT)
People named in this filing
- STEVE DAUGHERTY (TREASURER)
- T SCOTTY DUNCAN (BOARD MEMBER)
- CARYN FREY (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To to empower, enrich, and motivate all young people through programs involving music, writing, and instrumentation.
What it reported doing in 2024
For over 15 years, the otis redding foundation has had the privilege of serving over 5,000+ students ages 5-18 while upholding its mission to empower, enrich, and motivate all young people through programs involving music, writing, and instrumentation. We have provided both in-person and virtual learning opportunities to students across counties across the state of Georgia and beyond. From new programs like, beyond the notes and our music makers workshop to our staple programs like, otis music camp and camp dream" we have successfully established creativity, built confidence and promoted the art of self-expression within our students. With the construction of the new otis redding center for the arts scheduled to open in the winter of 2025, we will serve more students and facilitate their needs in a state of the art space that is safe and welcoming to all youth regardless of race, religion, socio-economic status, ability or gender. The new otis redding center for the arts facility will be complete with arts-related creative spaces, a music production lab, multiple practice spaces, a full recording studio, and an incredible amphitheatre that allows for both indoor and outdoor performances. The growth in service and support has grown tremendously in the past few years due to the foundation's proven track record to make a difference in the community and the kids served.
Operating model
- Revenue model
- Donor-supported. 70% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 35
- Transparency & Controls: 92
- Accountability: 76
- Sustainability: 88
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 16.7%; rating input score 17
- Program expense ratio: 59.3%; rating input score 59
- Fundraising efficiency: $15.44 raised per $1 spent on fundraising; rating input score 52; 52nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 73.6%; rating input score 97; 97th percentile among comparable filings
- Total-asset coverage ratio: 13.19; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0.29; rating input score 35; 35th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings
Growth
- Program expense growth: 10.5% per year; rating input score 100; 66th percentile among comparable filings
- Revenue growth: 32.1% per year; rating input score 100; 95th percentile among comparable filings
- Asset growth: 45.5% per year; rating input score 100; 97th percentile among comparable filings
Details
- Where the money goes: 16.7% of revenue deployed · 59.3% of spending went to programs
- Governance: 14 of 14 board members independent · 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $433K in reported program spending
- Leadership: top reported pay $0 · 14 people listed
- Consistency: 29 of 29 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 8 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 17/100.
- Review — Financial Efficiency: Program expense ratio scored 59/100.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- Review — Financial Efficiency: Fundraising efficiency scored 52/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 35/100.