Red Top INC FY2021 filing

Tax-deductible

Boston, MA501(c)(3)Since 1975EIN 51-0189788

This page gets seen. Tell your story. Claim this org.

To support harvard university's collegiate athletic program.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
1 of 5
filings with a surplus
Average deficit $132K a year · 34% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$256K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$221K
-7% vs prior year
Spent
$357K
To programs
100%
Net assets
$5.2M
By yearFY2020–FY2024
Revenue
$221K
FY2021▼ -7%
Revenue by fiscal year
FY2020$238K
FY2021$221K
FY2022$246K
FY2023$476K
FY2024$761K
FY2024$260K
Expenses
$357K
FY2021▲ +6%
Expenses by fiscal year
FY2020$338K
FY2021$357K
FY2022$677K
FY2023$614K
FY2024$618K
FY2024$405K
Net assets
$5.2M
FY2021▲ +24%
Net assets by fiscal year
FY2020$4.2M
FY2021$5.2M
FY2022$4.4M
FY2023$3.9M
FY2024$4.3M
FY2024$4.4M

From the FY2021 Form 990 (year ending June 2021) · see the original

You’re viewing the FY2021 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 Apr 1976.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $357K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Red Top INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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 and maintains a training facility to support the Harvard University crew team and its collegiate athletic program.

Provided by the organization

This section is blank until Red Top INC claims this page.

Know this organization? Claim it to add your story

1 program service account for $357K of program spending, described in the organization's own filed words · FY2020.
01

Training facility for harvard crew team. Due to the COVID-19 pandemic, the spring season was cancelled and therefore no student athletes were able to utilize the training facility .

$357Kprogram expense

Run this program? Claim this org to tell your story

Funders

Who pays for it.

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

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$221K
Ln 12
Investment incomeLn 3$221K
Money outPt IX
$357K
Ln 25
Programscol B$357K
Owns and owesPt X
$5.2M
net assets · Ln 32
Total assetsLn 16$5.5M
LiabilitiesLn 26$256K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$221K
Gains on assetsLn 7$219K
Total revenueLn 12$221K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$5.4M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$68K
Total assetsLn 16$5.5M
LiabilitiesLn 26$256K
Net assetsLn 32$5.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$0$0
InvestmentsLn 11–13$4.1M$5.4M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$4.3M$5.5M
LiabilitiesLn 26$113K$256K
Net assetsLn 32$4.2M$5.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$0$0
Other fees for servicesLn 11g$2K$2K$0$0
Office expensesLn 13$51K$51K
OccupancyLn 16$230K$230K
InterestLn 20$1K$1K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$72K$72K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$357K$357K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $761K$618K$143K$4.3M 990 PDF
FY2023 $476K$614K−$138K$3.9M 990 PDF
FY2022 $246K$677K−$432K$4.4M 990 PDF
FY2021 Viewing $221K$357K−$135K$5.2M 990 PDF
FY2020 $238K$338K−$100K$4.2M 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $221,267 across 4 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeExcluded from tax $1,921$1,921
VIII-7 Net gain or loss on sales of assetsExcluded from tax $219,346$219,346
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $221,267$221,267
Part IX · Statement of functional expenses $356,729 across 8 lines filed
IX-4 Benefits paid to or for membersPrograms $0$0
IX-11g Other fees for servicesPrograms $1,598 · Management $0 · Fundraising $0$1,598
IX-13 Office expensesPrograms $50,652$50,652
IX-16 OccupancyPrograms $229,787$229,787
IX-20 InterestPrograms $1,412$1,412
IX-23 InsurancePrograms $1,610$1,610
IX-24 Other expenses (24a–d)Programs $71,670$71,670
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $356,729 · Management $0 · Fundraising $0$356,729
Part X · Balance sheet $5,460,307 assets, 23 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $2,757,568$3,253,217
X-12 Other securitiesStart of year $1,388,844$2,138,669
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $158,985$68,421
X-16 Total assetsStart of year $4,305,397$5,460,307
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $112,544$255,911
X-26 Total liabilitiesStart of year $112,544$255,911
X-27 Net assets without donor restrictionsStart of year $387,974$505,402
X-28 Net assets with donor restrictionsStart of year $3,804,879$4,698,994
X-32 Total net assets or fund balancesStart of year $4,192,853$5,204,396
X-33 Total liabilities and net assetsStart of year $4,305,397$5,460,307
Part XI · Reconciliation of net assets $5,204,396 net assets at year end
XI-1 Total revenue$221,267
XI-2 Total expenses$356,729
XI-3 Revenue less expenses−$135,462
XI-4 Net assets at start of year$4,192,853
XI-5 Net unrealized gains (losses) on investments$1,147,005
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,204,396

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.