Red Top INC: FY2023 Nonprofit Profile & Form 990 (EIN 51-0189788)

Revenue by fiscal year
FY2020	$238K
FY2021	$221K
FY2022	$246K
FY2023	$476K
FY2024	$761K
FY2025	$260K

Expenses by fiscal year
FY2020	$338K
FY2021	$357K
FY2022	$677K
FY2023	$614K
FY2024	$618K
FY2025	$405K

Net assets by fiscal year
FY2020	$4.2M
FY2021	$5.2M
FY2022	$4.4M
FY2023	$3.9M
FY2024	$4.3M
FY2025	$4.4M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1976.

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

Part of a larger organization · Schedule R

Red Top INC files its own Form 990, but Schedule R discloses 25 related entities — figures on this page are for this EIN only, not the whole group.

Harvard Dedicated Energy Limited · Harvard-Yenching Institute · President and Fellows of Harvard College · Harvard Medical Center + 21 more · see all

Combined filings · FY2023 · 23 entities with data

Simple sum of each entity's Form 990 headline figures — not audited consolidated financials. This page's EIN is one member.

Group revenue

$8.6B

Group expenses

$7.3B

Group net assets

$111.7B

Harvard Dedicated Energy Limited · $495K rev · $1.2M net assets

Harvard-Yenching Institute · $7.2M rev · $341.2M net assets

President and Fellows of Harvard College · $6.1B rev · $59.5B net assets

Harvard Medical Center · $4K rev · $209K net assets

Harvard Real Estate INC · $0 rev · $0 net assets

American Repertory Theatre Co INC · $24.3M rev · $20.4M net assets

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $614K

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

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII

Andrea Lapointe

President

$0Pt VII · Sec A

Christy L Krant

Secretary/Treasurer

$0Pt VII · Sec A

Charles S Butt III

Director

$0Pt VII · Sec A

Timothy P Troville

Director

$0Pt VII · Sec A

See Red Top INC 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

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

Questions for Red Top INC

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Provided by the organization

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1 program · $614K · in their own filed words · FY2022

01

Training facility for harvard crew team. Approximately 64 intercollegiate team members benefited.

$614Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$476K

Ln 12

Investment incomeLn 3$476K

Money outPt IX

$614K

Ln 25

Programscol B$614K

Owns and owesPt X

$3.9M

net assets · Ln 32

Total assetsLn 16$4.8M

LiabilitiesLn 26$858K

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Investment incomeLn 3$476K

Gains on assetsLn 7$457K

Total revenueLn 12$476K

Assets in detailPt X, end of year

CashLn 1$0

SavingsLn 2$0

InvestmentsLn 11–13$4.8M

Land, buildings, equipmentLn 10c$0

Other assetsLn 15$46K

Total assetsLn 16$4.8M

LiabilitiesLn 26$858K

Net assetsLn 32$3.9M

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$0	$0
InvestmentsLn 11–13	$5.0M	$4.8M
Land, buildings, equipmentLn 10c	$0	$0
Total assetsLn 16	$5.1M	$4.8M
LiabilitiesLn 26	$715K	$858K
Net assetsLn 32	$4.4M	$3.9M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Benefits paid to or for membersLn 4	$0	$0
Other salaries and wagesLn 7	$44K	$44K
Other employee benefitsLn 9	$4K	$4K
Other fees for servicesLn 11g	$4K	$4K	$0	$0
Office expensesLn 13	$128K	$128K
Information technologyLn 14	$5K	$5K
OccupancyLn 16	$345K	$345K
TravelLn 17	$11K	$11K
InterestLn 20	$500	$500
InsuranceLn 23	$1K	$1K
Other expenses (24a–d)Ln 24	$71K	$71K
All other expensesLn 24e	$0	$0	$0	$0
Total functional expensesLn 25	$614K	$614K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$260K	$405K	−$145K	$4.4M	990 PDF
FY2024	$761K	$618K	$143K	$4.3M	990 PDF
FY2023 Viewing	$476K	$614K	−$138K	$3.9M	990 PDF
FY2022	$246K	$677K	−$432K	$4.4M	990 PDF
FY2021	$221K	$357K	−$135K	$5.2M	990 PDF
FY2020	$238K	$338K	−$100K	$4.2M	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 FY2023 990 (6 parts)

Part I · Summary $476,111 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $245,587$476,111

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $245,587$476,111

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 $13,745$47,708

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

I-17 Other expensesPrior year $663,675$566,356

I-18 Total expensesPrior year $677,420$614,064

I-19 Revenue less expensesPrior year −$431,833−$137,953

Part VI · Governance 0 of 4 board members independent, 1 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members0

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

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $476,111 across 4 lines filed

VIII-1h Total contributions, gifts and grants$0

VIII-3 Investment incomeExcluded from tax $19,109$19,109

VIII-7 Net gain or loss on sales of assetsExcluded from tax $457,002$457,002

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $476,111$476,111

Part IX · Statement of functional expenses $614,064 across 12 lines filed

IX-4 Benefits paid to or for membersPrograms $0$0

IX-7 Other salaries and wagesPrograms $43,644$43,644

IX-9 Other employee benefitsPrograms $4,064$4,064

IX-11g Other fees for servicesPrograms $4,206 · Management $0 · Fundraising $0$4,206

IX-13 Office expensesPrograms $128,099$128,099

IX-14 Information technologyPrograms $5,235$5,235

IX-16 OccupancyPrograms $344,893$344,893

IX-17 TravelPrograms $11,080$11,080

IX-20 InterestPrograms $500$500

IX-23 InsurancePrograms $1,455$1,455

IX-24 Other expenses (24a–d)Programs $70,888$70,888

IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0

IX-25 Total functional expensesPrograms $614,064 · Management $0 · Fundraising $0$614,064

Part X · Balance sheet $4,805,942 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 $2,800,555$2,603,548

X-12 Other securitiesStart of year $2,224,124$2,155,967

X-14 Intangible assetsStart of year $0$0

X-15 Other assetsStart of year $118,336$46,427

X-16 Total assetsStart of year $5,143,015$4,805,942

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 $714,885$857,885

X-26 Total liabilitiesStart of year $714,885$857,885

X-27 Net assets without donor restrictionsStart of year $489,895$251,278

X-28 Net assets with donor restrictionsStart of year $3,938,235$3,696,779

X-32 Total net assets or fund balancesStart of year $4,428,130$3,948,057

X-33 Total liabilities and net assetsStart of year $5,143,015$4,805,942

Part XI · Reconciliation of net assets $3,948,057 net assets at year end

XI-1 Total revenue$476,111

XI-2 Total expenses$614,064

XI-3 Revenue less expenses−$137,953

XI-4 Net assets at start of year$4,428,130

XI-5 Net unrealized gains (losses) on investments−$342,120

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$3,948,057

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Red Top INC FY2023 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 Top INC

Funders

By the numbers

Filing history

Schedules filed Part IV

Red Top INC FY2023 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 Top INC

Funders

Related Organizations

By the numbers

Filing history

Schedules filed Part IV