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Nonprofit · EIN 93-3386726

RADA FOUNDATION INC

Tax-exempt · ASHEVILLE, NC 28801

Financials

$972K$195K2024$724K$813K2025
Revenue Expenses · by fiscal year end
Financials of RADA FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$723,940$812,585-$88,645$691,526$3,255$688,271
December 31, 2024990$972,020$195,104$776,916$776,916$0$776,916
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$512,421
Program service revenue
$189,909
Investment income
$21,610
Other revenue
$0

Expenses

Grants and similar amounts paid
$274,728
Compensation of officers, directors and key employees
$115,583
Salaries, compensation and benefits (total)
$115,583
Professional fundraising fees
$0
Legal fees
$1,247
Accounting fees
$750
Occupancy
$93,597
Depreciation
$44,860
Program services (functional)
$599,625
Management and general (functional)
$186,652
Fundraising (functional)
$26,308

Balance sheet and other

Total assets, start of year
$776,916
Total assets, end of year
$691,526
Total liabilities, end of year
$3,255
Net assets, end of year
$688,271
Net assets without donor restrictions
$688,271
Gross receipts
$723,940
Employees
0
Volunteers
350
Year formed
2023
State of legal domicile
NC

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
KIMBERLY HUNDERTMARKEXECUTIVE DI
Officer
50$61,400
SIGNE BALLEWDIRECTOR OF
Officer
50$54,183
KATE ADAMSBOARD MEMBER
Trustee or director
–$0
JULIE ANN BELLBOARD MEMBER
Trustee or director
–$0
JEFFREY BURROUGHSBOARD MEMBER
Trustee or director
–$0
MICHEAL CAMPBELLBOARD MEMEBE
Trustee or director
–$0
JACK DAVISBOARD MEMBER
Trustee or director
–$0
ALLISON REDMONDPRESIDENT
Trustee or director
–$0
ERIC SHANGLEBOARD MEMBER
Trustee or director
–$0
PAM WALLSTREASURER
Trustee or director
–$0
990 for the year ended December 31, 2024: 9 people
NameTitleHours / weekCompensation
KIMBERLY HUNDERTMARKEXECUTIVE DI
Officer
45$7,450
SIGNE BALLEWDIRECTOR OF
Officer
30$6,525
KATE ADAMSBOARD MEMBER
Trustee or director
–$0
JULIE ANN BELLBOARD MEMBER
Trustee or director
–$0
JEFFREY BURROUGHSBOARD MEMBER
Trustee or director
0$0
MICHEAL CAMPBELLBOARD MEMEBE
Trustee or director
–$0
ALLISON REDMONDPRESIDENT
Trustee or director
0$0
ERIC SHANGLEBOARD MEMBER
Trustee or director
–$0
PAM WALLSTREASURER
Trustee or director
0$0

Address and contacts

Address (IRS master file)
375 DEPOT ST, ASHEVILLE, NC 28801-4310
Principal officer (990 for 2025)
KIMBERLY HUNDERTMARK, 375 DEPOT ST, ASHEVILLE, NC 28801
Signed the 990
KIMBERLY HUNDERTMARK, EXECUTIVE DIRECTOR
Phone
(828) 712-8564
Return prepared by
BRACKET CO

Mission

TO FOSTER AND ADVANCE THE ARTS IN ASHEVILLE'S RIVER ARTS DISTRICT BY SUPPORTING THE EFFORTS OF THE RIVER ARTS DISTRICT ARTISTS (RADA) ORGANIZATION. TO BE A LEADER IN PROVIDING PROGRESSIVE SERVICES TO OUR MEMBERS, FROM SHARED SPACES, SCHOLARSHIP OPPORTUNITIES, TO TECHNICAL ASSISTANCE PROGRAMS FOR PROFESSIONAL AND EMERGING ARTISTS IN THE RIVER ARTS DISTRICT. LEAD BY THREE CORE PROGRAMS: SCHOLARSHIPS, SPACE, AND SUPPORT OF RADA'S ORGANIZATIONAL OPERATIONS.

990 for the year ended December 31, 2025

Program accomplishments

  • RETENTION GRANT: THE RETENTION GRANTS WERE UP TO 3,000 PER ARTIST, TO SUPPORT ARTISTS AS THEY MOVED BACK INTO THE RIVER ARTS DISTRICT OR TO RETAIN AND SUPPORT THEM AS THE DISTRICT REBUILT AND VISITORS RETURNED TO SHOP.
    Expenses $238,728 · grants $238,728
  • RAD OUTPOST/WELCOME CENTER: GALLARIES, SHOPS AND STUDIO SPACES SHOWCASING RIVER ARTS DISTRICT ARTISTS. PROGRAM SOLD THE WORK OF OVER 300+ RIVER ARTS DISTRICT ARTISTS,RETURNING 80% OF THE SALES TO THE ARTISTS.
    Expenses $194,661 · revenue $189,909
  • SCHOLARSHIPS: DISTRIBUTED SCHOLARSHIPS THAT INCLUDED GRANTS FOR RETAINING ARTISTS IN THE COMMUNITY FOR ADVERTISING AND EVENTS.
    Expenses $26,000 · grants $26,000
  • WELCOME CENTER: GALLERY TO EDUCATE THE GENERAL PUBLIC, SUPPORT AND PROMOTE RIVER ARTS DISTRICT ARTISTS.
    Expenses $140,236 · grants $10,000

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024Check at the IRS

IRS record

EIN
93-3386726
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
2024
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$691,526
Income (IRS master file)
$723,940

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$723,940$812,585$691,526IRS
990December 2024$972,020$195,104$776,916XML

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 93-3386726).

Questions about RADA FOUNDATION INC

What is the EIN of RADA FOUNDATION INC?
The employer identification number (EIN) of RADA FOUNDATION INC is 93-3386726.
Is RADA FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
Are donations to RADA FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does RADA FOUNDATION INC 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 RADA FOUNDATION INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did RADA FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of RADA FOUNDATION INC?
The 990 for the year ended December 31, 2025 names KIMBERLY HUNDERTMARK.
Who are the officers and directors of RADA FOUNDATION INC?
The 990 for the year ended December 31, 2025 lists 10 people; 2 received compensation from the organization, the highest $61,400 (KIMBERLY HUNDERTMARK, EXECUTIVE DI).
How much revenue does RADA FOUNDATION INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $723,940, expenses of $812,585 and total assets of $691,526 at year end.

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