The Redstone Foundation FY2022 filing

Tax-deductible

Uniontown, PA501(c)(3)Community DevelopmentEIN 25-1866930Revenue $360K in FY2022

On file with the IRS65 West Main Street, 15401-3325 · Uniontown, PATax-exempt since Jan 2001Supporting organization — 509(a)(3)

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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.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $28K a year · 9% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 9.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5K
1.0% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$360K
+95% vs prior year
Spent
$313K
To programs
89%
Net assets
$501K
By yearFY2020–FY2024
Revenue
$360K
FY2022▲ +95%
Tap a bar for its year
Revenue by fiscal year
FY2020$407K
FY2021$185K
FY2022$360K
FY2023$314K
FY2024$317K
Expenses
$313K
FY2022▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$216K
FY2021$272K
FY2022$313K
FY2023$334K
FY2024$310K
Net assets
$501K
FY2022▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$541K
FY2021$453K
FY2022$501K
FY2023$481K
FY2024$488K

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $280K Management & general 11% · $33K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Past President
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
General Counsel
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See The Redstone Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

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

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Provided by the organization

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1 program · $280K · in their own filed words · FY2022
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.

$280Kprogram expense

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
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$360K
Ln 12
Fees for servicesLn 2g$348K
Other incomeLn 4–11$9K
Gifts and grantsLn 1h$4K
Money outPt IX
$313K
Ln 25
Programscol B$280K
Managementcol C$33K
Owns and owesPt X
$501K
net assets · Ln 32
Cash and savingsLn 1–2$247K
Total assetsLn 16$506K
LiabilitiesLn 26$5K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4K
Fees for servicesLn 2g$348K
Other incomeLn 4–11$9K
Total revenueLn 12$360K
Assets in detailPt X, end of year
CashLn 1$247K
Cash and savings togetherLn 1–2$247K
Land, buildings, equipmentLn 10c$190K
Other assetsLn 15$2K
Total assetsLn 16$506K
LiabilitiesLn 26$5K
Net assetsLn 32$501K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$241K$247K
Land, buildings, equipmentLn 10c$199K$190K
Total assetsLn 16$454K$506K
LiabilitiesLn 26$960$5K
Net assetsLn 32$453K$501K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$45$45
Depreciation, depletion and amortizationLn 22$10K$10K
Other expenses (24a–d)Ln 24$265K$265K
All other expensesLn 24e$38K$15K$23K
Total functional expensesLn 25$313K$280K$33K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $317K$310K$6K$488K 990 PDF
FY2023 $314K$334K−$20K$481K 990 PDF
FY2022 Viewing $360K$313K$48K$501K 990 PDF
FY2021 $185K$272K−$87K$453K 990 PDF
FY2020 $407K$216K$191K$541K 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
See the full FY2022 990 (6 parts)
Part I · Summary $360,321 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,403$3,856
I-9 Program service revenuePrior year $150,652$347,611
I-10 Investment incomePrior year $20$0
I-11 Other revenuePrior year $30,141$8,854
I-12 Total revenuePrior year $185,216$360,321
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $272,462$312,793
I-18 Total expensesPrior year $272,462$312,793
I-19 Revenue less expensesPrior year −$87,246$47,528
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $360,321 across 6 lines filed
VIII-1f All other contributions, gifts and grants$3,856
VIII-1h Total contributions, gifts and grants$3,856
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $347,611$347,611
VIII-6 Net rental income or lossRelated to mission $6,430$6,430
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,424$2,424
VIII-12 Total revenueRelated to mission $356,465 · Unrelated business $0 · Excluded from tax $0$360,321
Part IX · Statement of functional expenses $312,793 across 4 lines filed
IX-11c Accounting feesManagement $45$45
IX-22 Depreciation, depletion and amortizationManagement $9,640$9,640
IX-24 Other expenses (24a–d)Programs $264,631$264,631
IX-24e All other expensesPrograms $15,197 · Management $23,280$38,477
IX-25 Total functional expensesPrograms $279,828 · Management $32,965 · Fundraising $0$312,793
Part X · Balance sheet $506,031 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $240,918$246,914
X-4 Accounts receivableStart of year $12,076$67,303
X-10c Land, buildings and equipment, netStart of year $199,322$189,682
X-15 Other assetsStart of year $2,132$2,132
X-16 Total assetsStart of year $454,448$506,031
X-25 Other liabilitiesStart of year $960$5,015
X-26 Total liabilitiesStart of year $960$5,015
X-27 Net assets without donor restrictionsStart of year $453,488$501,016
X-32 Total net assets or fund balancesStart of year $453,488$501,016
X-33 Total liabilities and net assetsStart of year $454,448$506,031
Part XI · Reconciliation of net assets $501,016 net assets at year end
XI-1 Total revenue$360,321
XI-2 Total expenses$312,793
XI-3 Revenue less expenses$47,528
XI-4 Net assets at start of year$453,488
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$501,016

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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