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The Redstone Foundation FY2020 filing

Tax-deductible

Uniontown, PA501(c)(3)Community DevelopmentEIN 25-1866930

To provide financial & operational support for the educational & community development activities & programs sponsored by fayette chamber of commerce.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
IRS e-file · Filing history
Is it financially stable?
3 of 5
years in the black
Pt I · Ln 19 · 5 filings
How much reaches the programs?
83%
of spending
Pt IX · Ln 25 · col B
Do they have reserves?
18 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $5K
Funders’ Sch. I, 990-PF
Do they carry debt?
$15K
liabilities
Pt X · Ln 26
Who oversees it?
7
independent of 7 voting board members
Pt VI · Ln 1a–1b
Revenue
$407K
Spent
$216K
To programs
83%
Net assets
$541K
By yearFY2020–FY2024
Revenue
$407K
FY2020
Revenue by fiscal year
FY2020$407K
FY2021$185K
FY2022$360K
FY2023$314K
FY2024$317K
Expenses
$216K
FY2020
Expenses by fiscal year
FY2020$216K
FY2021$272K
FY2022$313K
FY2023$334K
FY2024$310K
Net assets
$541K
FY2020
Net assets by fiscal year
FY2020$541K
FY2021$453K
FY2022$501K
FY2023$481K
FY2024$488K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CThe Redstone Foundation
EINHdr · item D25-1866930
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJan 2001
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CUniontown, PA
NTEE classificationIRS BMFCommunity Development (S20)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.17
Program services83%$180K
Management & general17%$36K
Total functional expensesLn 25$216K

Financial health

Is it on solid ground?

Net inflow
+47%
revenue over expenses, this year
Pass-through gifts
13%
of revenue from contributions
Program spending
83%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$556K
FY2020
Total assets by fiscal year
FY2020$556K
FY2021$454K
FY2022$506K
FY2023$481K
FY2024$496K
Total liabilities
$15K
FY2020
Total liabilities by fiscal year
FY2020$15K
FY2021$960
FY2022$5K
FY2023$0
FY2024$9K
Revenue less expensesPt I · Ln 19$191K
Total assetsPt X · Ln 16$556K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Balance Sheet

Part X · end of year
CashLn 1$321K
Total assetsLn 16$556K
Total liabilitiesLn 26$15K
Total net assetsLn 32$541K
Months of cash on handcomputed17.9

Statement of Revenue

Part VIII
Program service revenue$335K · 82%
Contributions & grants$53K · 13%
Other revenue$19K · 5%
Program service revenue82%$335K
Contributions & grants13%$53K
Other revenue5%$19K
Total revenueLn 12$407K

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $321K · Operating expenses/yr $216K
17.9 months
Where the money goes
Program services
Program services $180K · Total expenses $216K
83%
Management & General
Management & general $36K · Total expenses $216K
17%
Fundraising
Fundraising $0 · Total expenses $216K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $53K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $53K · Total revenue $407K
13%
Government reliance
Government grants — · Total revenue $407K
—
Earned-income share
Program service revenue $335K · Total revenue $407K
82%
Investment reliance
Investment income $0 · Total revenue $407K
0%
Program self-sufficiency
Program service revenue $335K · Total expenses $216K
155%
Growth & trend
Revenue growth (YoY)
This year $407K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $541K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $407K · Expenses $216K
+47%
Liabilities-to-Assets
Total liabilities — · Total assets $556K
—
Net-asset ratio
Net assets $541K · Total assets $556K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $556K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Pat Stefano · Reported title PAST PRESIDENT · Highest reported compensation $0 · Total expenses $216K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $216K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 83%——
Overhead ratio 17%——
Fundraising cost ratio 0%——
Accounting fee ratio 0.6%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Pat Stefano
Past President
$0Pt VII · Sec A
Greg Parsons
Appointed Representative
$0Pt VII · Sec A
Ernie Dehass
General Counsel
$0Pt VII · Sec A
James Stewart
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Redstone Foundation executive salaries →

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Governance & Policies

Part VI
  • 7Voting board membersPt VI · Ln 1a
  • 7Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Supports educational and community development programs sponsored by the Fayette Chamber of Commerce.

Provided by the organization

This section is blank until The Redstone Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $180K of program spending, described in the organization's own filed words · FY2020.
01

These activities are undertaken with partnering businesses, community & economic development agencies and educational institutions to provide financial support for educational and community development in fayette county. The 3 largest programs were the chamber cares, education works and the fayette county television network.

$180Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Laurel HighlandsFY2025$5K
Total grants receivedfrom 1 funder$5K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $317K$310K+0.8% 990 PDF
FY2023 $314K$334K-13% 990 PDF
FY2022 $360K$313K+95% 990 PDF
FY2021 $185K$272K-55% 990 PDF
FY2020 Viewing $407K$216K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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