Red Worldwide Inc
Nonprofit profile at a glance
- EIN
- 822507122
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2023, Form 990-N 2019
- Location
- Houston, TX, USA
- Phone
- 8882496526
- Rating
- 63
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $284,088
- Expenses
- $75,147
- Assets
- $467,953
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Patience Rose (CEO - InKind)
Highest reported compensation
- Patience Rose (CEO - InKind): $7,667 total reported compensation
- Howard Rose Jr (COO - InKind): $1,308 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of RED Worldwide, Inc. is to expand economic opportunity by providing accessible, values-aligned business education, entrepreneurial training, and leadership development to individuals and communities who would not otherwise have access to high-quality resources. We exist to equip people with the knowledge, skills, and support they need to build sustainable livelihoods, strengthen their families, and positively impact their communities.
What it reported doing in 2024
Professional Advisory Services: Customized 1-on-1 Advisory Sessions (5 per member for 285 members) paired with a certified coach, strategist, or advisor for a series of five business advisory/coaching sessions tailored to the members unique business or ministry model, phase of growth, and assignment. Facilitated Value Builder Engagement Sessions (12 group or hybrid sessions) - a tested methodology for increasing business value, revenue, and sustainability.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 90% 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.
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 some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 48
- Transparency & Controls: 81
- Accountability: 63
- Sustainability: 83
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 26.5%; rating input score 26
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 9th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 60%; rating input score 60; 17th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 73.5%; rating input score 97; 97th percentile among comparable filings
- Total-asset coverage ratio: 6.23; rating input score 83; 83rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 11.9%; rating input score 27; 27th percentile among comparable filings
Growth
- Program expense growth: -12.3% per year; rating input score 0; 9th percentile among comparable filings
- Revenue growth: 24.9% per year; rating input score 100; 91st percentile among comparable filings
- Asset growth: 49.7% per year; rating input score 100; 96th percentile among comparable filings
Details
- Where the money goes: 26.5% of revenue deployed · 100% of spending went to programs
- Governance: 3 of 5 board members independent · 6 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $194K in reported program spending
- Leadership: top reported pay $8K · 3 people listed
- Highest-paid contractors: 2 contractors listed · $0 reported
- Consistency: 33 of 35 current checks pass · 2 findings to review
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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 26/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Transparency & Controls: Fund balance restriction sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 27/100.