Red Worldwide INC

Tax-deductible

Fort Worth, TX501(c)(3)EducationEIN 82-2507122Revenue $284K in FY2024

On file with the IRSbschool.redworldwide.org600 W 6th St FL 4, 76102-3684 · Fort Worth, TXTax-exempt since May 2018Publicly supported charity — 170(b)(1)(A)(vi)

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RED Worldwide, Inc. is a charitable and educational organization dedicated to expanding access to high-quality business training, and entrepreneurial support for individuals and communities that need it most. Its mission is to empower emerging and established leaders with the knowledge, skills, and resources required to build sustainable enterprises, strengthen families, and uplift communities. Its most significant activities include providing affordable and accessible business education, offering scholarships and subsidized training programs, hosting community-centered workshops and summits, delivering mentorship and advisory services, and developing tools, guides, and AI-powered resources that help individuals start, grow, and manage their organizations. Through these efforts, RED Worldwide advances economic empowerment, community development, and educational opportunity

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
2 of 2
filings with a surplus
Average surplus $166K a year · 66% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$9K
to officers and key staff · 12% of spending
Top officer’s pay lower than 93% of similar orgs
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $11
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$284K
+51% vs prior year
Spent
$75K
To programs
100%
Net assets
$468K
By yearFY2020–FY2024
Revenue
$284K
FY2024▲ +51%
Tap a bar for its year
Revenue by fiscal year
FY2020$145K
FY2021$33K
FY2022$220K
FY2023$189K
FY2024$284K
Expenses
$75K
FY2024▼ -22%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$96K
FY2023Not on file
FY2024$75K
Net assets
$468K
FY2024▲ ×21
Tap a bar for its year
Net assets by fiscal year
FY2020$87K
FY2021−$24K
FY2022$12K
FY2023−$24K
FY2024$468K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2018.

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% · $75K

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

3 people listed on the 990; $9K paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO - Inkind
$7,667Pt VII · Sec A
COO - Inkind
$1,308Pt VII · Sec A
$0Pt VII · Sec A

Patience Rose’s $8K as CEO - Inkind is at the 7th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2024FY2021
Sochima Omenkeukwu—$14,609
Patience Rose$7,667$14,425
Howard Rose JR$1,308—

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.

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides business training and entrepreneurial support to empower individuals and communities.

Provided by the organization

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3 programs · $194K · in their own filed words · FY2024
01

Leadership Development & Capacity Building

Programs that build business acumen, leadership skills, and strategic execution. Co-Working Sessions (156 sessions) B School Live MasterClasses (36) On-Demand Course Library (30 courses) Quarterly Summits (4 regional) Co-Working Live Podcast (95 episodes)

$120Kprogram expense
02

Coaching & Business Acceleration

Superior Results Coaching High-touch, transformational coaching track for entrepreneurs, nonprofit executives, and marketplace leaders who need strategic operational clarity to fulfill their assignments at the highest level

$74Kprogram expense
03

Professional Advisory Services

Customized 1-on-1 Advisory Sessions (5 per member for 285 members) paired with a certified coach, strategist, or advisor for a series of five business advisory/coaching sessions tailored to the members unique business or ministry model, phase of growth, and assignment.

Pt IX · col B

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 · FY2023
Total grants receivedfrom 1 funder$11

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$284K
Ln 12
Gifts and grantsLn 1h$176K
Fees for servicesLn 2g$108K
Money outPt IX
$75K
Ln 25
Programscol B$75K
Owns and owesPt X
$468K
net assets · Ln 32
Cash and savingsLn 1–2$4K
Total assetsLn 16$468K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$176K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fees for servicesLn 2g$108K
Gains on assetsLn 7$0
Total revenueLn 12$284K
Assets in detailPt X, end of year
CashLn 1$4K
SavingsLn 2$0
Cash and savings togetherLn 1–2$4K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$449K
Other assetsLn 15$0
Total assetsLn 16$468K
LiabilitiesLn 26$0
Net assetsLn 32$468K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$6K$4K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0$449K
Total assetsLn 16$6K$468K
LiabilitiesLn 26$0$0
Net assetsLn 32$6K$468K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$8K$8K
Pay of current officers, directors and key staffLn 5$9K$9K
Pay of disqualified personsLn 6$0$0
Other salaries and wagesLn 7$0$0
Other employee benefitsLn 9$0$0
Payroll taxesLn 10$0$0
Management feesLn 11a$0$0
Legal feesLn 11b$0$0
Accounting feesLn 11c$0$0
Lobbying feesLn 11d$0$0
Investment management feesLn 11f$0$0
Other fees for servicesLn 11g$0$0
Advertising and promotionLn 12$455$455
Office expensesLn 13$3K$3K
Information technologyLn 14$6K$6K
OccupancyLn 16$39K$39K
TravelLn 17$6K$6K
Conferences, conventions and meetingsLn 19$0$0
InsuranceLn 23$4K$4K
All other expensesLn 24e$0$0
Total functional expensesLn 25$75K$75K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $284K$75K$209K$468K 990 PDF
FY2023 $189K−$24K 990 PDF
FY2022 $220K$96K$124K$12K 990 PDF
FY2021 $33K−$24K 990 PDF
FY2020 $145K$87K 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 FY2024 990 (6 parts)
Part I · Summary $284,088 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $140,691$176,316
I-9 Program service revenuePrior year $107,772$107,772
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $35,625$0
I-12 Total revenuePrior year $284,088$284,088
I-13 Grants and similar amounts paidPrior year $7,500$0
I-14 Benefits paid to members$7,500
I-15 Salaries and benefitsPrior year $51,563$8,975
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $44,955$58,672
I-18 Total expensesPrior year $104,018$75,147
I-19 Revenue less expensesPrior year $180,070$208,941
Part VI · Governance 3 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $284,088 across 14 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$35,625
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$140,691
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$176,316
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $107,772$107,772
VIII-3 Investment incomeRelated to mission $0$0
VIII-5 RoyaltiesRelated to mission $0$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $107,772 · Unrelated business $0 · Excluded from tax $0$284,088
Part IX · Statement of functional expenses $75,147 across 23 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 $7,500$7,500
IX-5 Pay of current officers, directors and key staffPrograms $8,975$8,975
IX-6 Pay of disqualified personsPrograms $0$0
IX-7 Other salaries and wagesPrograms $0$0
IX-9 Other employee benefitsPrograms $0$0
IX-10 Payroll taxesPrograms $0$0
IX-11a Management feesPrograms $0$0
IX-11b Legal feesPrograms $0$0
IX-11c Accounting feesPrograms $0$0
IX-11d Lobbying feesPrograms $0$0
IX-11f Investment management feesPrograms $0$0
IX-11g Other fees for servicesPrograms $0$0
IX-12 Advertising and promotionPrograms $455$455
IX-13 Office expensesPrograms $2,800$2,800
IX-14 Information technologyPrograms $6,067$6,067
IX-16 OccupancyPrograms $39,000$39,000
IX-17 TravelPrograms $6,000$6,000
IX-19 Conferences, conventions and meetingsPrograms $0$0
IX-23 InsurancePrograms $4,350$4,350
IX-24e All other expensesPrograms $0$0
IX-25 Total functional expensesPrograms $75,147 · Management $0 · Fundraising $0$75,147
Part X · Balance sheet $467,953 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $5,669$3,953
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$15,000
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $0$449,000
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $5,669$467,953
X-17 Accounts payable and accrued expenses$0
X-18 Grants payable$0
X-19 Deferred revenue$0
X-20 Tax-exempt bond liabilities$0
X-24 Unsecured notes and loans payable$0
X-25 Other liabilities$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $0$0
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $5,669$467,953
X-33 Total liabilities and net assetsStart of year $5,669$467,953
Part XI · Reconciliation of net assets $467,953 net assets at year end
XI-1 Total revenue$284,088
XI-2 Total expenses$75,147
XI-3 Revenue less expenses$208,941
XI-4 Net assets at start of year$5,669
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$467,953

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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