The Redbone INC FY2021 filing

Tax-deductible

Islamorada, FL501(c)(3)EIN 65-0180140

All activities for research and treatment of Cystic Fibrosis.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$44K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
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
Are gifts tax-deductible?
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
3 of 5
years in the black
Worth a look: 2 of the last 5 filings show a deficit.
Pt I · Ln 19 · 5 filings
How much reaches the programs?
80%
of spending
Looks good: 80% of spending went to programs; 75% or more looks good.
Pt IX · Ln 25 · col B
What are leaders paid?
$44K
to officers and key staff · 16% of spending
Worth a look: leaders' pay is 16% of spending; over 15% is worth a look.
Pt VII · Sec A
Do they have reserves?
2 mo
of spending, in cash
Worth a look: 2.4 months of spending in cash; under 3 is worth a look.
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $21K
Worth a look: 1 funder names it on their filings; under 3 is worth a look.
Funders’ Sch. I, 990-PF
Do they carry debt?
$88K
liabilities
Looks good: debts are 27% of assets; 50% or less looks good.
Pt X · Ln 26
Who oversees it?
6
independent of 6 voting board members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$317K
+50% vs prior year
Spent
$276K
To programs
80%
Net assets
$241K
By yearFY2020–FY2025
Revenue
$317K
FY2021▲ +50%
Revenue by fiscal year
FY2020$211K
FY2021$317K
FY2022$170K
FY2023$66K
FY2024$117K
FY2025$51K
Expenses
$276K
FY2021▲ +31%
Expenses by fiscal year
FY2020$211K
FY2021$276K
FY2022$169K
FY2023$68K
FY2024Not on file
FY2025$60K
Net assets
$241K
FY2021▲ +21%
Net assets by fiscal year
FY2020$200K
FY2021$241K
FY2022$241K
FY2023$239K
FY2024$257K
FY2025$248K

From the FY2021 Form 990 · see the original

Give Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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?
Yes — filed FY2025
Legal name (IRS)Hdr · item CThe Redbone INC
EINHdr · item D65-0180140
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFSep 1990
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CIslamorada, FL
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jredbone.org

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 $0.80 Management & general $0.12 Fundraising $0.08
Program services80%$220K
Management & general12%$34K
Fundraising8%$22K
Total functional expensesLn 25$276K

Financial health

Is it on solid ground?

Program efficiency
80%
of spending reaches programs
Operating runway
2.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+13%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$329K
FY2021▲ +10%
Total assets by fiscal year
FY2020$300K
FY2021$329K
FY2022$317K
FY2023$301K
FY2024Not on file
FY2025$295K
Total liabilities
$88K
FY2021▼ -12%
Total liabilities by fiscal year
FY2020$100K
FY2021$88K
FY2022$76K
FY2023$62K
FY2024Not on file
FY2025$46K
Revenue less expensesPt I · Ln 19$41K
Total assetsPt X · Ln 16$329K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Balance Sheet

Part X · end of year
CashLn 1$56K
Total assetsLn 16$329K
Total liabilitiesLn 26$88K
Total net assetsLn 32$241K
Months of cash on handcomputed2.4

Statement of Revenue

Part VIII
Program service revenue$254K · 80%
Contributions & grants$63K · 20%
Program service revenue80%$254K
Contributions & grants20%$63K
Investment income$26
Total revenueLn 12$317K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $56K · Operating expenses/yr $276K
2.4 months
Where the money goes
Program services
Program services $220K · Total expenses $276K
80%
Management & General
Management & general $34K · Total expenses $276K
12%
Fundraising
Fundraising $22K · Total expenses $276K
8%
Cost to raise $1
Fundraising expense (2-yr avg) $23K · Solicited contributions (2-yr avg) $50K
$0.47 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $63K · Total revenue $317K
20%
Government reliance
Government grants $0 · Total revenue $317K
0%
Earned-income share
Program service revenue $254K · Total revenue $317K
80%
Investment reliance
Investment income $26 · Total revenue $317K
<0.01%
Program self-sufficiency
Program service revenue $254K · Total expenses $276K
92%
Growth & trend
Revenue growth (YoY)
This year $317K · Prior year $211K
+50%
Net-asset trend (YoY)
End of year $241K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $317K · Expenses $276K
+13%
Liabilities-to-Assets
Total liabilities — · Total assets $329K
—
Net-asset ratio
Net assets $241K · Total assets $329K
73%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $329K
0%
People & payroll
Highest Reported Total Compensation
Individual Susan Ellis · Reported title Secretary-Treasurer · Highest reported compensation $31K · Total expenses $276K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $57K · Total expenses $276K
21%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 80%——
Overhead ratio 12%——
Fundraising cost ratio 35%——
Revenue growth 50%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 5%——
Fundraising fee ratio 0%——

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
Secretary-Treasurer
$31,400Pt VII · Sec A
Asst. Secretary
$13,000Pt VII · Sec A
President
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Susan Ellis$3,600$3,900$4,000$27,500$31,400$36,750
William N Fox CPA———$7,350$13,000$12,500
William N Fox$4,800$3,600$5,400———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Redbone INC executive salaries →

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

Governance & Policies

Part VI
  • 6Voting board membersPt VI · Ln 1a
  • 6Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Funds research and treatment for Cystic Fibrosis.

Provided by the organization

This section is blank until The Redbone INC claims this page.

Know this organization? Claim it to add your story

Mission & Programs · Part III

Where the work happens

1 program service account for $220K of program spending, described in the organization's own filed words · FY2021.
01

Research and treatment of Cystic Fibrosis

$220Kprogram 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.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$21K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $51K$60K-56% 990 PDF
FY2024 $117K—+76% 990 PDF
FY2023 $66K$68K-61% 990 PDF
FY2022 $170K$169K-46% 990 PDF
FY2021 Viewing $317K$276K+50% 990 PDF
FY2020 $211K$211K 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

Full filing: Form 990 for FY2021

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $275,939 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $18,850 · Management $5,800 · Fundraising $4,350$29,000
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $20,333 · Management $0 · Fundraising $0$20,333
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $2,031 · Management $1,477 · Fundraising $185$3,693
IX-10 Payroll taxesPrograms $2,799 · Management $746 · Fundraising $187$3,732
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $13,000 · Fundraising $0$13,000
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $2,638 · Management $1,055 · Fundraising $1,583$5,276
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $22,174 · Management $8,063 · Fundraising $10,079$40,316
IX-17 TravelPrograms $1,026 · Management $684 · Fundraising $1,710$3,420
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $932 · Fundraising $0$932
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $4,014 · Management $446 · Fundraising $0$4,460
IX-24 Other expenses (24a–d)Programs $6,917 · Management $1,983 · Fundraising $3,797$12,697
IX-24e All other expensesPrograms $139,080 · Management $0 · Fundraising $0$139,080
IX-25 Total functional expensesPrograms $219,862 · Management $34,186 · Fundraising $21,891$275,939

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

Similar organizations you could support

Closest in mission — by what they do
See all organizations like The Redbone INC →

Run this organization? Claim this page

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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 peer-cohort and compensation comparisons above.