Nonprofit · EIN 83-1901032
REDTONE RECORDS
Tax-exempt · E PALO ALTO, CA 94303
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $592,631 | $381,240 | $211,391 | $144,660 | $21,634 | $123,026 |
| December 31, 2023 | 990 | $395,896 | $462,812 | -$66,916 | $52,974 | $141,339 | -$88,365 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $418,842
- Program service revenue
- $173,789
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $33,950
- Salaries, compensation and benefits (total)
- $37,494
- Professional fundraising fees
- $0
- Accounting fees
- $18,285
- Occupancy
- $37,841
- Depreciation
- $4,162
- Program services (functional)
- $332,764
- Management and general (functional)
- $33,253
- Fundraising (functional)
- $15,223
Balance sheet and other
- Total assets, start of year
- $52,974
- Total assets, end of year
- $144,660
- Total liabilities, end of year
- $21,634
- Net assets, end of year
- $123,026
- Land, buildings and equipment
- $13,298
- Net assets without donor restrictions
- $123,026
- Gross receipts
- $592,631
- Employees
- 1
- Year formed
- 2018
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JUSTIN PHIPPS | ED/PRES/BOAR Trustee or director, Officer | 40 | $33,950 |
| CARLOS CABRERA | BOARD/TREAS/ Trustee or director, Officer | 1 | $0 |
| OLATUNDE SOBOMEHIN | BOARD Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JUSTIN PHIPPS | ED/PRES/BOAR Trustee or director, Officer | 40 | $14,230 |
| CARLOS CABRERA | BOARD/TREAS/ Trustee or director, Officer | 1 | $0 |
| OLATUNDE SOBOMEHIN | BOARD Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 321 BELL ST, E PALO ALTO, CA 94303-1506
- In care of
- % JUSTIN PHIPPS
- Principal officer (990 for 2024)
- JUSTIN PHIPPS, 321 BELL STREET, EAST PALO ALTO, CA 94303
- Signed the 990
- JUSTIN PHIPPS, ED/PRES/BOARD
- Phone
- (650) 906-2464
- Website
- WWW.REDTONERECORDS.COM
- Return prepared by
- SOZO CONSULTING
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
Program accomplishments
- 2024 WAS MOSTLY A YEAR OF SUSTAINING ONGOING SUPPORT FOR THE ARTISTS WEVE BEEN WORKING WITH THE PAST FEW YEARS. WE PRODUCED TIFFANIS SECOND REDTONE ALBUM WHILE ALSO SPONSORING AND CO-PRODUCING A LIFE-SUSTAINING PRACTICES FELLOWSHIP SHE CREATED. PART OF THIS FELLOWSHIP INCLUDED THE CREATION OF A PODCAST, RECORDED IN OUR STUDIO, FOCUSED ON BLACK HEALTH AND WELLNESS AND FEATURING REDTONE MUSIC. WE RELEASED EFFIE ZILCHS 4TH ALBUM, MULTITUDES, A CELEBRATION OF THE SOUNDS AND SPIRIT OF A RICH BAY AREA MUSICAL LEGACY GOING BACK TO SAN FRANCISCOS GOLDEN AGE OF THE COUNTERCULTURE MOVEMENT. WE RELEASED KIAZI MALONGAS SECOND ALBUM, ZU DIA NGOMA, WITH SOME SINGLES HAVING ALREADY BEEN RELEASED IN LATE 2023. OVER THIS SAME PERIOD OF TIME, KIAZI AND HIS MUSICAL MENTOR TRAVELED EXTENSIVELY THROUGHOUT CONGO- BRAZZAVILLE, FINDING SINGERS AND MUSICIANS OFTEN IN MORE REMOTE COMMUNITIES AND BRINGING THEM INTO THE CITY TO RECORD THEIR TRADITIONAL MUSIC. KIAZI BROUGHT THESE RECORDINGS TO OUR STUDIO WHERE WE BEGAN ORGANIZING AND MIXING THE RECORDINGS TO PRODUCE A FULL ALBUM THAT WILL PRESENT A WIDE RANGE OF TRADITIONAL MUSICAL STYLES FROM VARIOUS CONGOLESE ETHNIC AND LANGUAGE GROUPS. MIKO MARKS SAW CONTINUED SUCCESS AS A TOURING ARTIST AND REDTONE AMBASSADOR. HIGHLIGHTS INCLUDE: A 3-MONTH TOUR WITH THE TRAILBLAZING WOMEN OF COUNTRY REVUE; HER FIRST BOOKING AT STAGECOACH MUSIC FESTIVAL, THE LARGEST TICKETED COUNTRY/AMERICANA FESTIVAL IN THE WORLD; AND HER FIRST BOOKING AT SAN FRANCISCOS OWN HARDLY STRICTLY BLUEGRASS, ONE OF THE LARGEST FREE FESTIVALS IN THE WORLD, DRAWING HUNDREDS OF THOUSANDS OF ATTENDEES. SHE ALSO EXPANDED HER INTERNATIONAL TOURING TO INCLUDE SEVERAL LARGE FESTIVALS IN CANADA. 2024 WAS THE FIRST YEAR THAT REDTONES TOUR SUPPORT YIELDED MORE PROFIT THAN LOSS, A POSITIVE SIGN AS WE CONTINUE TO EXPLORE OUR BEST STRATEGIES FOR SUSTAINABILITY. IT EVEN PROMPTED MIKO TO BECOME THE FIRST REDTONE ARTIST TO DONATE SOME OF HER OWN PROCEEDS BACK INTO THE REDTONE ORGANIZATION WITH A GENEROUS 10K GIFT. WE CLOSED OUT THE YEAR WITH OUR FIRST-EVER FUNDRAISING HOUSE CONCERT. THE CONCERT WAS HOSTED BY A FRIEND AND NEW SUPPORTER OF REDTONE AT HIS HOME IN PALO ALTO. IT WAS AN AMAZING NIGHT WITH PERFORMANCES BY EACH ARTIST AND A STRONG PRESENTATION OF WHAT WE DO AND WHY WE DO IT. WE RAISED 35K AT THE EVENT AND ARE ENCOURAGED TO CREATE AN ONGOING SERIES THROUGHOUT THE BAY AREA.Expenses $332,764
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 83-1901032
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A68)
- Assets (IRS master file)
- $144,660
- Income (IRS master file)
- $592,631
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $592,631 | $381,240 | $144,660 | IRS |
| 990 | December 2023 | $395,896 | $462,812 | $52,974 | XML |
| 990 | December 2022 | $342,292 | $367,712 | $100,402 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about REDTONE RECORDS
- What is the EIN of REDTONE RECORDS?
- The employer identification number (EIN) of REDTONE RECORDS is 83-1901032.
- Is REDTONE RECORDS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to REDTONE RECORDS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does REDTONE RECORDS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of REDTONE RECORDS due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did REDTONE RECORDS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of REDTONE RECORDS?
- The 990 for the year ended December 31, 2024 names JUSTIN PHIPPS.
- Who are the officers and directors of REDTONE RECORDS?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $33,950 (JUSTIN PHIPPS, ED/PRES/BOAR).
- How much revenue does REDTONE RECORDS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $592,631, expenses of $381,240 and total assets of $144,660 at year end.
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All nonprofits in E PALO ALTO · California · Arts, culture and humanities