NonprofitsRedtone Records

Arts, Culture & Humanities

Redtone Records

E PALO ALTO, CA

Total revenue

$593K

Total expenses

$381K

Net assets

$123K

Grants received

$1.2M

12 grants

EIN

831901032

Tax year

2024

Mission

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

Financials

FY 2024

Revenue

Contributions & grants$419K
Program service revenue$174K
Investment income
Other revenue
Total revenue$593K

Expenses

Grants paid
Salaries & benefits$37K
Fundraising$15K
Other expenses$344K
Total expenses$381K
Total assets$145K
Net assets$123K

People

3 listed

NameRoleCompensation

JUSTIN PHIPPS

ED/PRES/BOAR

Board

$34K

40 hrs/wk

CARLOS CABRERA

BOARD/TREAS/

Board

1 hrs/wk

OLATUNDE SOBOMEHIN

BOARD

Board

1 hrs/wk

Grants received

Showing 12 of 12

FromAmountPurposeYear
$67K
UNRESTRICTED GENERAL SUPPORT
2024
$150K
For grant recipient's exempt purposes
2023
$150K
For grant recipient's exempt purposes
2022
$20K
UNRESTRICTED GENERAL SUPPORT
2022
$152K
For grant recipient's exempt purposes
2021
$152K
For grant recipient's exempt purposes
2021
$250K
For grant recipient's exempt purposes
2020
$150K
For grant recipient's exempt purposes
2019

Funded by

$1.2M from 4 funders · 12 grants · 2019–2024

Fidelity Investments Charitable Gift Fund

$1.0M · 6 grants · 2019–2023

Morgan Stanley Global Impact Funding Trust Inc

$87K · 2 grants · 2022–2024

Silicon Valley Community Foundation

$85K · 3 grants · 2020–2023

Danny Weinstein Youth Foundation

$10K · 1 grant · 2022

Details

EIN831901032
NTEE codeA68
Subsection03
Ruling date2019-10
Formed2018
Employees1
REDTONE RECORDS — Mission, Financials & Grants Received | Grantivo