Nonprofit · EIN 92-0638865
RED TOWEL COLLECTIVE INCORPORATED
Also known as RED TOWEL COLLECTIVE
Tax-exempt · BOWLING GREEN, KY 42101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $673,824 | $485,845 | $187,979 | $339,142 | $0 | $339,142 |
| December 31, 2023 | 990 | $537,531 | $488,043 | $49,488 | $151,163 | $0 | $151,163 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $668,130
- Program service revenue
- $0
- Investment income
- $5,694
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $461,250
- Management and general (functional)
- $24,595
Balance sheet and other
- Total assets, start of year
- $151,163
- Total assets, end of year
- $339,142
- Total liabilities, end of year
- $0
- Net assets, end of year
- $339,142
- Net assets without donor restrictions
- $339,142
- Gross receipts
- $673,824
- Employees
- 0
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 |
|---|---|---|---|
| CRAIG BROWNING | BOARD MEMBER Trustee or director | 1 | $0 |
| TYLER DILLOW | BOARD MEMBER Trustee or director | 1 | $0 |
| DENNIS KEITH WILCUTT II | VICE PRESIDE Trustee or director, Officer | 5 | $0 |
| HAL SCHMITT | BOARD MEMBER Trustee or director | 1 | $0 |
| HANK WILSON | PRESIDENT Trustee or director, Officer | 5 | $0 |
| RACHEL WILCUTT | TREASURER/SE Officer | 3 | $0 |
| KELLY WILSON | ASSISTANT TR Officer | 3 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CRAIG BROWNING | BOARD MEMBER Trustee or director | 1 | $0 |
| TYLER DILLOW | BOARD MEMBER Trustee or director | 1 | $0 |
| DENNIS KEITH WILCUTT II | VICE PRESIDE Trustee or director, Officer | 5 | $0 |
| HAL SCHMITT | BOARD MEMBER Trustee or director | 1 | $0 |
| HANK WILSON | PRESIDENT Trustee or director, Officer | 5 | $0 |
| RACHEL WILCUTT | TREASURER/SE Officer | 3 | $0 |
| KELLY WILSON | ASSISTANT TR Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 728 COLLEGE STREET, BOWLING GREEN, KY 42101-2102
- In care of
- % HANK WILSON
- Principal officer (990 for 2024)
- HANK WILSON
- Signed the 990
- HANK WILSON, PRESIDENT
- Phone
- (270) 776-4163
- Return prepared by
- HENSLEY & THRONEBERRY CPAS
Mission
THE RED TOWEL TRUST COLLECTIVE IS COMMITED TO WORKING HAND-IN-HAND WITH WESTERN KENTUCKY UNIVERSITY STUDENT-ATHLETES, EMPOWERING THEM TO TO SEIZE THEIR POTENTIAL BOTH ON AND OFF THE FIELD. THE COLLECTIVE PROVIDES THE SUPPORT AND RESOURCES NEEDED TO HARNESS STUDENT-ATHLETES TALENTS, INCLUDING PURSUING EDUCATIONAL OPPORTUNITIES, BUILDING THEIR PERSONAL BRANDS, AND FACILITATING AND ENCOURAGING STUDENT-ATHLETES TO DEDICATE THEIR TIME AND ENERGY TO LOCAL CAUSES.
Program accomplishments
- THE RED TOWEL TRUST COLLECTIVE GRANTS STUDENT-ATHLETES THE ABILITY TO LEVERAGE THEIR NIL, ALLOWING THEM TO FOCUS ON THEIR EDUCATION AND ATHLETIC CAREERS WITHOUT FINANCIAL CONSTRAINT.Expenses $461,250
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
- 92-0638865
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $339,142
- Income (IRS master file)
- $673,824
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $673,824 | $485,845 | $339,142 | XML |
| 990 | December 2023 | $537,531 | $488,043 | $151,163 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 92-0638865).
Questions about RED TOWEL COLLECTIVE INCORPORATED
- What is the EIN of RED TOWEL COLLECTIVE INCORPORATED?
- The employer identification number (EIN) of RED TOWEL COLLECTIVE INCORPORATED is 92-0638865.
- Is RED TOWEL COLLECTIVE INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to RED TOWEL COLLECTIVE INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RED TOWEL COLLECTIVE INCORPORATED 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 RED TOWEL COLLECTIVE INCORPORATED 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 RED TOWEL COLLECTIVE INCORPORATED 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 RED TOWEL COLLECTIVE INCORPORATED?
- The 990 for the year ended December 31, 2024 names HANK WILSON.
- Who are the officers and directors of RED TOWEL COLLECTIVE INCORPORATED?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does RED TOWEL COLLECTIVE INCORPORATED have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $673,824, expenses of $485,845 and total assets of $339,142 at year end.
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