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Human Services : Social Services

REDF

Investing in employment and hope

four stars

94.88

101A Clay Street Suite 103
San Francisco, CA 94111
tel: (415) 561-6677   Web Site
EIN: 54-2132153

Board Leadership
George R. Roberts
Chair

CEO
Carla Javits
President, CEO

  Score
(out of 100)
Rating
Overall Score & Rating 94.88 four stars
  Financial 93.97 four stars
  Accountability & Transparency 96.00 four stars
This rating was published 04/01/2021 and includes data from FY2019, the most recent 990 received at that time.

REDF (also known as The Roberts Enterprise Development Fund) is a San Francisco-based venture philanthropy organization that creates jobs and employment opportunities for people facing the greatest barriers to work. Founded in 1997 REDF provides equity-like grants and business assistance to a portfolio of nonprofits in California to start and expand social enterprises—nonprofit-operated businesses selling goods and services demanded by the marketplace while intentionally employing young people and adults who would otherwise face bleak prospects of ever getting a job.

REDF (also known as The Roberts Enterprise Development Fund) is a San Francisco-based venture philanthropy organization that creates jobs and employment opportunities for people facing the greatest barriers to work. Founded in 1997 REDF provides equity-like grants and business assistance to a portfolio of nonprofits in California to start and expand social enterprises—nonprofit-operated businesses selling goods and services demanded by the marketplace while intentionally employing young people and adults who would otherwise face bleak prospects of ever getting a job.

Financial

four stars

93.97

Accountability & Transparency

four stars

96.00

This rating was published 04/01/2021 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
76.3%
  Administrative Expenses 18.2%
  Fundraising Expenses 5.3%
  Fundraising Efficiency $0.06
  Working Capital Ratio (years) 1.65
  Program Expenses Growth 9.0%
  Liabilities to Assets 2.7%
All data for Financial Performance Metrics calculations was provided by REDF on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by REDF on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
REDF (CA) 94.88 four stars
Management Leadership for Tomorrow (MD) 89.36 three stars
The Cara Program (IL) 89.37 three stars
New Memphis Institute (TN) 89.37 three stars
Goodwill of Silicon Valley (CA) 91.54 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $10,998,488
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $447,574
Total Contributions $11,446,062
   Program Service Revenue $110,157
Total Primary Revenue $11,556,219
   Other Revenue $47,919
TOTAL REVENUE $11,604,138
   
EXPENSES  
   Program Expenses $12,430,477
   Administrative Expenses $2,872,977
   Fundraising Expenses $695,539
TOTAL FUNCTIONAL EXPENSES $15,998,993
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-4,394,855
   
Net Assets $23,479,101

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Venture Philanthropy Portfolio and Evaluation $6,400,988 51.5%
Accelerator $834,159 6.7%
LA: Rise $760,213 6.1%

Ratings History
REDF has received 4 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-12 04/01/2021 94.88 four stars
2018-12 10/01/2019 95.44 four stars
2017-12 02/01/2019 95.33 four stars
2016-12 03/01/2018 93.29 four stars
2015-12 07/01/2017 89.41 three stars
2014-12 06/01/2016 95.21 four stars
 
CN 2.0
2013-12 07/01/2015 95.62 four stars
2012-12 02/01/2014 98.61 four stars
2011-12 07/01/2013 94.70 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 54-2132153
Name in IRS Master File REDF
NTEE Code T01
NTEE Classification Alliance/Advocacy Organizations
NTEE Type Philanthropy, Voluntarism and Grantmaking Foundations
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date January, 2004
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$268,756 1.67% Carla I. Javits President & CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
REDF (CA) 94.88 four stars
East Bay Alliance for A Sustainable Economy (CA) 89.20 three stars
Goodwill Industries of Southern NJ and Philadelphia (NJ) 87.47 three stars
Delancey Street Foundation (CA) 86.67 three stars
Goodwill of Orange County (CA) 89.83 three stars

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Charity Contact Info

REDF
101A Clay Street
Suite 103
San Francisco, CA 94111
tel: (415) 561-6677
fax: (415) 561-6685
EIN: 54-2132153

Visit Web Site

Board Leadership

George R. Roberts
Chair

CEO

Carla Javits
President, CEO

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