Red Circle Foundation INC: FY2019 Nonprofit Profile & Form 990 (EIN 35-2450067)

Revenue by fiscal year
FY2019	$8K
FY2020	$6K

Expenses by fiscal year
FY2019	$64K
FY2020	$8K

Net assets by fiscal year
FY2019	$16K
FY2020	$10K

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2020.

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

Where the money goes

64 cents of each dollar spent went to programs.

64%

36%

Program services 64% · $41K Management & general 36% · $23K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation

William Tosheff

Vice Chairman

$0Pt VII · Sec A

William Derose

Chairman

$0Pt VII · Sec A

Brandon Webb

Advisory Board Member

$0Pt VII · Sec A

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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

Provides financial aid and enrichment programs for families of fallen and wounded special operations heroes.

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Provided by the organization

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1 program · $41K · in their own filed words · FY2019

01

Programs designed to raise funds for the wounded warriors and families of those who have fallen.

$41Kprogram 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 · FY2020

Amazonsmile FoundationFY2020$234

Total grants receivedfrom 1 funder$234

By the numbers

The FY2019 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$8K

Ln 12

Gifts and grantsLn 1h$8K

Investment incomeLn 3$1

Money outPt IX

$64K

Ln 25

Programscol B$41K

Managementcol C$23K

Owns and owesPt X

$16K

net assets · Ln 32

Cash and savingsLn 1–2$6K

Total assetsLn 16$16K

LiabilitiesLn 26$0

PeoplePt VI, VII

3

listed · VII A

PaidVII A0

Voting boardVI 1a2

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$8K

Investment incomeLn 3$1

Total revenueLn 12$8K

Assets in detailPt X, end of year

CashLn 1$6K

Cash and savings togetherLn 1–2$6K

Total assetsLn 16$16K

LiabilitiesLn 26$0

Net assetsLn 32$16K

OperationsPt I, VI

EmployeesI 51

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY19	End FY19
Cash and savingsLn 1–2	$63K	$6K
Total assetsLn 16	$72K	$16K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$72K	$16K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$8K		$8K
Payroll taxesLn 10	$2K		$2K
Accounting feesLn 11c	$2K		$2K
Advertising and promotionLn 12	$2K		$2K
Office expensesLn 13	$237		$237
TravelLn 17	$1K		$1K
Other expenses (24a–d)Ln 24	$47K	$41K	$6K
All other expensesLn 24e	$948		$948
Total functional expensesLn 25	$64K	$41K	$23K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2020 LatestFiled with the IRS Dec 23, 2021	$6K	$8K	−$3K	$10K	990 PDF
FY2019 ViewingFiled with the IRS Dec 23, 2021	$8K	$64K	−$56K	$16K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations

See the full FY2019 990 (6 parts)

Part I · Summary $7,928 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $66,594$7,927

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $1$1

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $66,595$7,928

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 $42,255$10,066

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $133,131$53,477

I-18 Total expensesPrior year $175,386$63,543

I-19 Revenue less expensesPrior year −$108,791−$55,615

Part VI · Governance 2 of 2 board members independent, 2 to look at

VI-1a Voting members of the governing body2

VI-1b Independent voting members2

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

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

Part VIII · Statement of revenue $7,928 across 4 lines filed

VIII-1f All other contributions, gifts and grants$7,927

VIII-1h Total contributions, gifts and grants$7,927

VIII-3 Investment incomeExcluded from tax $1$1

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1$7,928

Part IX · Statement of functional expenses $63,543 across 8 lines filed

IX-7 Other salaries and wagesManagement $8,288$8,288

IX-10 Payroll taxesManagement $1,778$1,778

IX-11c Accounting feesManagement $1,780$1,780

IX-12 Advertising and promotionManagement $2,420$2,420

IX-13 Office expensesManagement $237$237

IX-17 TravelManagement $1,234$1,234

IX-24 Other expenses (24a–d)Programs $40,978 · Management $5,880$46,858

IX-24e All other expensesManagement $948$948

IX-25 Total functional expensesPrograms $40,978 · Management $22,565 · Fundraising $0$63,543

Part X · Balance sheet $15,693 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $62,755$6,382

X-14 Intangible assetsStart of year $9,311$9,311

X-16 Total assetsStart of year $72,066$15,693

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $72,066$15,693

X-32 Total net assets or fund balancesStart of year $72,066$15,693

X-33 Total liabilities and net assetsStart of year $72,066$15,693

Part XI · Reconciliation of net assets $15,693 net assets at year end

XI-1 Total revenue$7,928

XI-2 Total expenses$63,543

XI-3 Revenue less expenses−$55,615

XI-4 Net assets at start of year$72,066

XI-8 Prior period adjustments−$758

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$15,693

Form 990 e-file (XML) FY2019 from the IRS · Classification, formation year and address from the IRS Business Master File

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Red Circle Foundation INC FY2019 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Red Circle Foundation INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV