REDF
REDF
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About this organization
Mission
REDF invests in and advises high-impact social enterprises to employ and empower people overcoming barriers to work. REDF is distinctive as the only philanthropy in the United States that invests exclusively in social enterprises focused on employment. We advise and connect them, and help them measure their impact so they can grow and serve more people. And we have one mission – jobs – for millions of people who cannot get work because of histories of homelessness, incarceration, mental health issues, substance abuse or limited education. By providing people an opportunity to change their lives with a job, REDF believes we can create a stronger and more inclusive society.
About
Venture Philanthropy Portfolio and Evaluation: REDF provides customized hands-on technical assistance and measures results to a diverse portfolio of organizations to incorporate best practices that improve participant outcomes and sustainability for the enterprises.
Interesting data from their 2019 990 filing
The purpose of the non-profit is stated in the filing as “Redf is the only venture philanthropy in the u.s. that invests exclusively in the growth of social enterprises focused on employment. since 1997, redf has provided seed and growth capital and specialized advisory services to 177 social enterprises nationwide.”.
Their activities were defined as: “Redf creates jobs and pathways to employment for people overcoming the greatest barriers to work. redf has earned and reinvested in their business more than $720 million in revenue and employed over 36,000 people, helping spending for government programs go further while improving lives and communities.”.
- As per legal requirements, the non-profit's state of operation is reported as CA.
- The non-profit's address in 2019 as per the filing is 2 Embarcedero Center No 650, San Francisco, CA, 94111.
- The form of the non-profit organization shows 50 employees as of 2019.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$3,174,042.
- The organization has 15 independent voting members.
- The organization was formed in 2003.
- The organization pays $5,458,760 in salary, compensation, and benefits to its employees.
- The organization pays $893,770 in fundraising expenses.