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Filing year 2023

Redco Foundation Inc

Portland, Maine·EIN 01-0546160·NTEE T22 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$452k
Total assets
$5.8M
Total expenses
$327k
Reported officers
5

Reported officers (all unpaid)

No paid executives reported in 2023. Redco Foundation Inc reported 5 unpaid officers and board members on its 990-PF.

Director, President
Secretary/clerk
Director, Vp/treasurer
Director
Director

Grants paid

Itemized grants reported on this foundation's 2023 Form 990-PF, Part XV.

Total granted

$264k

Itemized grants

17

Median grant

$10k

RecipientLocationPurposeAmount
Good Shepherd Food BankAuburn, MEGeneral Purpose$100k
Pen Bay Soccer ClubWarren, MEGeneral Purpose$24k
Camden Hills Regional High SchoolRockport, MEGeneral Purpose$20k
Trekkers IncRockland, MEGeneral Purpose$20k
Bring Change To Mind (BC2M)San Francisco, CAGeneral Purpose$10k
DocSongRockport, MEGeneral Purpose$10k
Mid-Coast Recreation CenterRockport, MEGeneral Purpose$10k
Sarah's VillagePlymouth, MAGeneral Purpose$10k
Sundog Outdoor ExpeditionsCamden, MEGeneral Purpose$10k
Trout UnlimitedArlington, VAGeneral Purpose$10k
Wild Salmon CenterPortland, ORGeneral Purpose$10k
Camden Food PantryCamden, MEGeneral Purpose$5k
Coastal Mountains Land TrustCamden, MEGeneral Purpose$5k
PeopleplaceCamden, MEGeneral Purpose$5k
Restorative Justice Project MaineBelfast, MEGeneral Purpose$5k
Space GalleryPortland, MEGeneral Purpose$5k
Sweet Tree ArtsHope, MEGeneral Purpose$5k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

Redco Foundation Inc reported revenue and expenses across 2 filing years.

RevenueExpenses
$364k
$337k
2022
$452k
$327k
2023
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Maine

Redco Foundation Inc reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Maine earns a median of $12,000.

25th percentile
$4k
Median
$12,000
75th percentile
$38k
90th percentile
$119k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 194 organizations across 194 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Maine
FAQ

Common questions about Redco Foundation Inc

What are Redco Foundation Inc's revenue and expenses?

In 2023, Redco Foundation Inc reported $452k in total revenue and $327k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.