Redtone Records is as a nonprofit, community-based record label and recording studio that provides free, professional music and video production to cultural artists with positive messages. We have a specific focus on preserving and promoting various forms of traditional and roots music from around the world. Additionally we will be conducting regular youth songwriting competitions, incentivizing positive lyrical content from young, aspiring, community artists. Our activities include: identifying and recruiting artists, both locally and internationally; subsidizing travel and lodging expenses for artist residencies when applicable; operating a community-based recording studio; producing music and video; hosting and promoting concerts, festivals and similar activities; pursuing song placements in tv, film, advertising, etc.; marketing and promotion of Redtone artists; submitting Redtone productions to major artists for possible program revenue to fund Redtone activities. Redtone's missio

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$55K 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
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 5
filings with a surplus
Average surplus $47K a year · 13% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$55K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $170K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$96K
96% of total assets
Concern: liabilities are 96% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$302K
+459% vs prior year
Spent
$322K
To programs
81%
Net assets
$4K
By yearFY2019–FY2024
Revenue
$302K
FY2021▲ +459%
Tap a bar for its year
Revenue by fiscal year
FY2019$154K
FY2020$54K
FY2021$302K
FY2022$342K
FY2023$396K
FY2024$593K
Expenses
$322K
FY2021▲ ×21
Tap a bar for its year
Expenses by fiscal year
FY2019$15K
FY2020Not on file
FY2021$322K
FY2022$368K
FY2023$463K
FY2024$381K
Net assets
$4K
FY2021▼ -84%
Tap a bar for its year
Net assets by fiscal year
FY2019$139K
FY2020$25K
FY2021$4K
FY2022−$21K
FY2023−$88K
FY2024$123K

From the FY2021 Form 990 · see the original

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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 Oct 2019.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $262K Management & general 6% · $19K Fundraising 13% · $41K

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; $55K paid to officers and key staff.

Part VII, Section A · reportable compensation
Ed/Pres/Boar
$55,385Pt VII · Sec A
Board/Treas/
$0Pt VII · Sec A
$0Pt VII · Sec A

Justin Phipps’s $34K as Ed/Pres/Boar is at the 28th percentile of top reported officer pay among 2216 $100K–1M arts & culture 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Justin Phipps$33,950$14,230$7,470$55,385$61,095

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Creates free music and video for cultural artists, preserving global roots music and fostering youth songwriting.

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Provided by the organization

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1 program · $262K · in their own filed words · FY2021
01

In 2021, we were able to successfully build upon our momentum from 2020. Covid still had a big impact on live music in the first half of the year. Instead we did several livestream concerts for virtual audiences, something we had never attempted before.

$262Kprogram 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 · FY2024
Total grants receivedfrom 2 funders$170K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$302K
Ln 12
Gifts and grantsLn 1h$269K
Fees for servicesLn 2g$32K
Money outPt IX
$322K
Ln 25
Programscol B$262K
Managementcol C$19K
Fundraisingcol D$41K
Owns and owesPt X
$4K
net assets · Ln 32
Cash and savingsLn 1–2$100K
Total assetsLn 16$100K
LiabilitiesLn 26$96K
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$269K
Fees for servicesLn 2g$32K
Total revenueLn 12$302K
Assets in detailPt X, end of year
CashLn 1$100K
Cash and savings togetherLn 1–2$100K
Total assetsLn 16$100K
LiabilitiesLn 26$96K
Net assetsLn 32$4K
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$74K$100K
Total assetsLn 16$74K$100K
LiabilitiesLn 26$49K$96K
Net assetsLn 32$25K$4K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$55K$44K$6K$6K
Other employee benefitsLn 9$11K$9K$1K$1K
Accounting feesLn 11c$12K$10K$1K$1K
Other fees for servicesLn 11g$62K$59K$1K$1K
Advertising and promotionLn 12$68K$55K$7K$7K
Office expensesLn 13$476$380$48$48
OccupancyLn 16$24K$19K$2K$2K
TravelLn 17$46K$46K
Conferences, conventions and meetingsLn 19$12K$12K$209$209
InsuranceLn 23$4K$3K$428$428
Other expenses (24a–d)Ln 24$27K$4K$389$22K
All other expensesLn 24e$197$157$20$20
Total functional expensesLn 25$322K$262K$19K$41K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $593K$381K$211K$123K 990 PDF
FY2023 $396K$463K−$67K−$88K 990 PDF
FY2022 $342K$368K−$25K−$21K 990 PDF
FY2021 Viewing $302K$322K−$21K$4K 990 PDF
FY2020 $54K$25K 990 PDF
FY2019 $154K$15K$139K$139K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $301,575 revenue, 12 lines filed
I-8 Contributions and grants$269,286
I-9 Program service revenue$32,289
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$301,575
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$66,185
I-16a Professional fundraising fees$0
I-17 Other expenses$256,244
I-18 Total expenses$322,429
I-19 Revenue less expenses−$20,854
Part VI · Governance 2 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-12a Written conflict of interest policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $301,575 across 4 lines filed
VIII-1f All other contributions, gifts and grants$269,286
VIII-1h Total contributions, gifts and grants$269,286
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $32,289$32,289
VIII-12 Total revenueRelated to mission $32,289$301,575
Part IX · Statement of functional expenses $322,429 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $44,308 · Management $5,539 · Fundraising $5,538$55,385
IX-9 Other employee benefitsPrograms $8,640 · Management $1,080 · Fundraising $1,080$10,800
IX-11c Accounting feesPrograms $9,844 · Management $1,230 · Fundraising $1,230$12,304
IX-11g Other fees for servicesPrograms $59,214 · Management $1,310 · Fundraising $1,310$61,834
IX-12 Advertising and promotionPrograms $54,611 · Management $6,826 · Fundraising $6,826$68,263
IX-13 Office expensesPrograms $380 · Management $48 · Fundraising $48$476
IX-16 OccupancyPrograms $19,200 · Management $2,400 · Fundraising $2,400$24,000
IX-17 TravelPrograms $46,146$46,146
IX-19 Conferences, conventions and meetingsPrograms $11,758 · Management $209 · Fundraising $209$12,176
IX-23 InsurancePrograms $3,427 · Management $428 · Fundraising $428$4,283
IX-24 Other expenses (24a–d)Programs $4,239 · Management $389 · Fundraising $21,937$26,565
IX-24e All other expensesPrograms $157 · Management $20 · Fundraising $20$197
IX-25 Total functional expensesPrograms $261,924 · Management $19,479 · Fundraising $41,026$322,429
Part X · Balance sheet $100,047 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $73,517$100,047
X-16 Total assetsStart of year $73,517$100,047
X-17 Accounts payable and accrued expensesStart of year $48,692$96,076
X-26 Total liabilitiesStart of year $48,692$96,076
X-27 Net assets without donor restrictionsStart of year $24,825−$1,029
X-28 Net assets with donor restrictions$5,000
X-32 Total net assets or fund balancesStart of year $24,825$3,971
X-33 Total liabilities and net assetsStart of year $73,517$100,047
Part XI · Reconciliation of net assets $3,971 net assets at year end
XI-1 Total revenue$301,575
XI-2 Total expenses$322,429
XI-3 Revenue less expenses−$20,854
XI-4 Net assets at start of year$24,825
XI-10 Net assets at end of year$3,971

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

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