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Project Redwood

Tax-deductible

San Rafael, CA501(c)(3)Foundations & Grantmakers EIN 88-3021934Revenue $1.2M in FY2025

On file with the IRSprojectredwood.org1178 Idylberry Rd, 94903-1130 · San Rafael, CATax-exempt since Dec 2022Publicly supported charity — 170(b)(1)(A)(vi)

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Project redwood's mission is to provide funding, expertise, and connections to social entrepreneurs who address the challenge of global poverty.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Run by 94 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $88K a year · 6% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$187K
33% of total assets
Looks good: liabilities are 33% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
-25% vs prior year
Spent
$1.2M
To programs
83%
Net assets
$373K
By yearFY2024–FY2025
Revenue
$1.2M
FY2025▼ -25%
Tap a bar for its year
Revenue by fiscal year
FY2024$1.5M
FY2025$1.2M
Expenses
$1.2M
FY2025▼ -13%
Tap a bar for its year
Expenses by fiscal year
FY2024$1.4M
FY2025$1.2M
Net assets
$373K
FY2025▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2024$385K
FY2025$373K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2022.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $980K Management & general 11% · $132K Fundraising 6% · $67K

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

15 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
J Michael Watt
CFO & Ass't Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Kenneth Inadomi
President, Board Co-Chair
$0Pt VII · Sec A
Brad Smith
Director, Board Co-Chair
$0Pt VII · Sec A
Donna Allen
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Project Redwood 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

Funds and connects social entrepreneurs tackling global poverty.

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Provided by the organization

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1 program · $980K · in their own filed words · FY2024
01

Project redwood provides funding, expertise, and connections to social entrepreneurs who address the challenge of global poverty.

$980Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Hodder Family FoundationFY2025$2K
Total grants receivedfrom 1 funder$2K
Grants paid · 52 grants · $1.9M · 2023–2024
Mortar CincinnatiOH · FY2024$40,500
Women Initiating Success Envisioned INCCA · FY2024$40,000
Vocal JusticeCA · FY2024$40,000
Tomorrows Leaders NycNY · FY2024$40,000
Read 718 INCNY · FY2024$40,000
Gary Comer Youth Center INCIL · FY2024$40,000
Build Our Lives Together INCPA · FY2024$40,000
Breaking the Chain Through Education INCNJ · FY2024$30,500
Youth and Child Visionary MinistriesCA · FY2024$30,000
World Connect INCNY · FY2024$30,000
ThriveguluMA · FY2024$30,000
The Somo ProjectNY · FY2024$30,000
Project Hope & Fairness INCCA · FY2024$30,000
Onevillage PartnersMN · FY2024$30,000
MaiaCO · FY2024$30,000
Kiwimbi Internationala New Jersey Non Profit CorporationNJ · FY2024$30,000
Hatua Network INCNY · FY2024$30,000
GerhubNC · FY2024$30,000
See all 52 grants →

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.1M
Investment incomeLn 3$46K
Money outPt IX
$1.2M
Ln 25
Programscol B$980K
Managementcol C$132K
Fundraisingcol D$67K
Owns and owesPt X
$373K
net assets · Ln 32
Cash and savingsLn 1–2$560K
Total assetsLn 16$560K
LiabilitiesLn 26$187K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Noncash giftsLn 1g$86K
Investment incomeLn 3$46K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$101K
SavingsLn 2$459K
Cash and savings togetherLn 1–2$560K
Other assetsLn 15$0
Total assetsLn 16$560K
LiabilitiesLn 26$187K
Net assetsLn 32$373K
OperationsPt I, VI
EmployeesI 52
VolunteersI 694
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.5M$560K
Total assetsLn 16$1.5M$560K
LiabilitiesLn 26$1.2M$187K
Net assetsLn 32$385K$373K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$852K$852K
Grants and assistance to foreign recipientsLn 3$60K$60K
Other salaries and wagesLn 7$189K$56K$80K$53K
Payroll taxesLn 10$16K$5K$7K$4K
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$8K$6K$2K
Advertising and promotionLn 12$4K$1K$1K$1K
Office expensesLn 13$10K$858$7K$3K
Information technologyLn 14$5K$5K
TravelLn 17$698$698
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$24K$5K$15K$4K
Total functional expensesLn 25$1.2M$980K$132K$67K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.2M$1.2M−$12K$373K 990 PDF
FY2024 $1.5M$1.4M$187K$385K 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 F · Foreign M · Noncash O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,166,414 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,488,751$1,120,450
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $57,468$45,964
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,546,219$1,166,414
I-13 Grants and similar amounts paidPrior year $1,157,500$911,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $150,175$204,618
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $51,203$62,579
I-18 Total expensesPrior year $1,358,878$1,178,697
I-19 Revenue less expensesPrior year $187,341−$12,283
Part VI · Governance 15 of 15 board members independent, 3 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $1,166,414 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,120,450
VIII-1g Noncash contributions (included above)$85,629
VIII-1h Total contributions, gifts and grants$1,120,450
VIII-3 Investment incomeExcluded from tax $45,964$45,964
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $45,964$1,166,414
Part IX · Statement of functional expenses $1,178,697 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $851,500$851,500
IX-3 Grants and assistance to foreign recipientsPrograms $60,000$60,000
IX-7 Other salaries and wagesPrograms $56,119 · Management $80,034 · Fundraising $52,783$188,936
IX-10 Payroll taxesPrograms $4,611 · Management $6,595 · Fundraising $4,476$15,682
IX-11c Accounting feesManagement $7,371$7,371
IX-11g Other fees for servicesManagement $6,322 · Fundraising $1,580$7,902
IX-12 Advertising and promotionPrograms $1,259 · Management $1,297 · Fundraising $1,441$3,997
IX-13 Office expensesPrograms $858 · Management $6,843 · Fundraising $2,768$10,469
IX-14 Information technologyManagement $4,887$4,887
IX-17 TravelPrograms $698$698
IX-23 InsuranceManagement $3,057$3,057
IX-24 Other expenses (24a–d)Programs $4,623 · Management $15,446 · Fundraising $4,129$24,198
IX-25 Total functional expensesPrograms $979,668 · Management $131,852 · Fundraising $67,177$1,178,697
Part X · Balance sheet $560,094 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $17,471$101,258
X-2 Savings and temporary cash investmentsStart of year $1,475,405$458,836
X-15 Other assetsStart of year $50,000$0
X-16 Total assetsStart of year $1,542,876$560,094
X-18 Grants payableStart of year $1,157,500$187,001
X-26 Total liabilitiesStart of year $1,157,500$187,001
X-27 Net assets without donor restrictionsStart of year $293,122$361,641
X-28 Net assets with donor restrictionsStart of year $92,254$11,452
X-32 Total net assets or fund balancesStart of year $385,376$373,093
X-33 Total liabilities and net assetsStart of year $1,542,876$560,094
Part XI · Reconciliation of net assets $373,093 net assets at year end
XI-1 Total revenue$1,166,414
XI-2 Total expenses$1,178,697
XI-3 Revenue less expenses−$12,283
XI-4 Net assets at start of year$385,376
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$373,093

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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