Overview
What is Redf?
Redf is a San Francisco-based nonprofit organization with a mission to strengthen Employment Social Enterprises (ESEs), which are businesses that promote social impact and employment opportunities for individuals facing employment barriers. With a portfolio of over 280 such enterprises, Redf has facilitated the generation of $1.6 billion in revenue and employment for over 87,000 people since its inception in 1997. Redf provides customized assistance and technical resources to these enterprises, helping them to reinforce their talent and sustainability. This investment strategy amplifies the impact of public sector initiatives while improving lives and communities. Redf currently employs 77 individuals to carry out its vital work.
Official website here: www.redf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99%
Redf has earned an impressive Four-Star out of Four Star rating on Charity Navigator, reflecting its strong performance in both accountability and finance, as well as culture and community. The organization achieved a perfect score of 100 in the Accountability & Finance category, indicating robust financial management practices, including an independent board with a majority of members responsible for oversight, an effective audit process, and no material asset diversions.
In addition to financial excellence, Redf scored 93 in the Culture & Community category, highlighting its commitment to equity strategies and community involvement. The organization is actively implementing multiple equity practices, which points to a proactive approach in fostering an inclusive environment. This score signifies a strong alignment of the organization’s mission with its community-centric values.
While the ratings indicate a well-managed organization, potential donors and stakeholders should remain mindful of the ongoing challenges nonprofits face in maintaining transparency and engagement. Overall, Redf presents a solid option for philanthropic support with its high accountability measures and a clear dedication to equity within its operational framework.
This AI summary has been generated from information found on Charity Navigator.
Is Redf legitimate?
Redf is a legitimate nonprofit organization registered as a 501(c)(3) entity. Redf submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,260,538
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,054,319
For more financial information, click here
Official website here: www.redf.org
What is the mission statement of Redf?
Redf is a unique venture catalyst that focuses on investing in Employment Social Enterprises (ESEs), businesses that make a significant social impact by revealing and reinforcing the talent of individuals overcoming employment barriers. Established in 1997, Redf has provided seed and growth capital, along with specialized advisory services, to over 280 ESEs. These businesses have generated over $1.6 billion in revenue, and they have employed more than 87,000 people, amplifying the impact of public sector investments. By supporting these enterprises, Redf enhances lives and communities while improving social conditions.
Official website here: www.redf.org
Who is the CEO of Redf?
Maria Kim is the Board Chair of Redf. The CEO's salary of Redf is $126,271 and their total compensation is $132,082.
Official website here: www.redf.org
What is the revenue of Redf?
Redf's revenue in 2022 was $17,800,426.
Official website here: www.redf.org
Who are the executives of Redf and what are their salaries?
The average compensation at Redf during 2022 was $94,998. There are 77 employees and 17 volunteers at Redf.
Here are 27 key members and their salaries (Redf's CEO's salary is $126,271 and their total compensation is $132,082):
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- Compensation: $126,271
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- Other: $5,811
- Compensation: $293,304
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- Compensation: $172,882
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- Compensation: $187,827
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- Compensation: $178,980
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- Other: $22,776
- Compensation: $176,730
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- Other: $45,778
- Compensation: $166,161
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- Other: $34,595
Official website here: www.redf.org
Where can I find the form 990 for Redf?
Redf's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.redf.org
Learn more at the official website: www.redf.org
Mission Statement of Redf
RedF, a pioneering venture catalyst, dedicates itself to investing exclusively in Employment Social Enterprises (ESEs) – businesses that not only generate significant social impact but also help individuals surmount employment barriers. Established in 1997, this organization has been instrumental in providing seed and growth capital, along with specialized advisory services, to 280 such enterprises.
Through its visionary approach, RedF has enabled these ESEs to amass an impressive $1.6 billion in revenue and create employment opportunities for over 87,000 individuals. By doing so, RedF amplifies the influence of public sector investments and contributes to enhancing lives and communities. In essence, RedF's mission revolves around empowering businesses that unlock human potential, fostering sustainable growth, and bolstering social change.
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Impact
October, 2024
Redf has a significant impact on employment and economic empowerment, especially for individuals overcoming obstacles to employment. By investing in Employment Social Enterprises (ESEs), Redf catalyzes transformative social change. Since its inception in 1997, Redf has provided seed and growth capital along with specialized advisory services to 280 ESEs. These enterprises have collectively generated $1.6 billion in revenue and employed over 87,000 individuals, creating pathways to stable employment and financial independence for many.
Redf focuses on customized, hands-on technical assistance, ensuring that each business can adopt best practices that improve outcomes for participants while enhancing the sustainability of the enterprises. This approach amplifies the public sector's impact and fosters community development, making a measurable difference in the lives of individuals and the broader community. By reinforcing the talent of people facing employment barriers, Redf not only transforms lives but also strengthens local economies through inclusive business models.
This information is meant to be a general summary of Redf. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4,962
- Gross Receipts: $17,800,426
Assets and Liabilities:
- Total Assets: $42,983,739
- Total Liabilities: $4,032,230
- Net Assets: $38,951,509
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Organization Details
Founding Year
2003
Phone
(415) 561-6679Principal Officer
Maria Kim
Main Address
785 Market Street 1200, San Francisco, CA, 94103
Website
www.redf.orgNTEE Category
Code: T012 - Philanthropy
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