The Redwoods Initiative Foundation

Nonprofit profile at a glance

EIN
273085414
IRS 990-EZ coverage
2012–2014
Forms available
Form 990-EZ 2014, Form 990-N 2011
Location
New York, NY, USA
Phone
2122747470
Rating
57
Verdict
MIXED
Rating confidence
Moderate
Sector
Philanthropy, Charity, Voluntarism Promotion

Reported finances

Revenue
$150,964
Expenses
$131,331
Assets
$29,690
Liabilities
$161

Source: IRS Form 990-EZ. Selected filing: tax year 2014. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • ABBY R SAMECK (PRESIDENT)

People named in this filing

  • ABBY R SAMECK (PRESIDENT)
  • STEPHANIE POWER (TREASURER)
  • GERRY BYRNE (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To serve influential families and individuals through innovative education platforms and collaboration with the foremost organizations, practitioners and professionals in the industry to increase the knowledge and understanding of wealth and philanthropy.

What it reported doing in 2014

Family financial education program-provides families and individuals with resources, in the form of event seminars, retreats, and customized family financial education, all with a focus of assisting with the wealth transition process.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
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.

The verdict

MIXED - The filed numbers largely add up. 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: 43
  • Transparency & Controls: 82
  • Sustainability: 47
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 40.7%; rating input score 41
  • Program expense ratio: 46.8%; rating input score 47

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 13%; rating input score 69; 69th percentile among comparable filings
  • Total-asset coverage ratio: 0.23; rating input score 21; 21st percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 63; 63rd percentile among comparable filings
  • Officer compensation ratio: 34.9%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: -3.8% per year; rating input score 0; 25th percentile among comparable filings
  • Revenue growth: -7.1% per year; rating input score 0; 12th percentile among comparable filings
  • Asset growth: -45.3% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 40.7% of revenue deployed · 46.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $61K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2012 to 2014
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 41/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 47/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 21/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 9/100.