Redbud Foundation Inc.
720 W Wilshire Blvd Ste 116
Oklahoma City OK 73116
Tax Exempt Status Public Supported Charity
Organization Does Business As (DBA) Name(s)
Organization DBA
Redbud Classic
Mission Statement The Redbud Classic is an Oklahoma City tradition involving the community through fitness, fun and philanthropy.  The annual event featuring running and cycling events promotes physical fitness in the community.
Runners in the Redbud Classic
Contact Information
Contact Name Patty Anthony
Contact email info@redbud.org
Address 720 W Wilshire Blvd Ste 116
Oklahoma City, OK 73116
Phone (405) 842-8295
Fax 405-842-8035
County Oklahoma County
How to Give
Donate with Credit Card http://www.redbud.org
Donate to Endowment http://occf.org/redbud/
Other ways to donate, support or volunteer Please visit www.redbud.org/our-sponsors to learn how you can contribute to the Redbud Classic.
Financial Summary
 
 
Projected Revenue $292,200.00
Projected Expenses $271,650.00
History and Background
Former Names
NameYear
N/A
Year Founded 1983
IRS Ruling Year 1987
State Registration Expiration June 2016
Statements
Mission The Redbud Classic is an Oklahoma City tradition involving the community through fitness, fun and philanthropy.  The annual event featuring running and cycling events promotes physical fitness in the community.
Background

History

Celebrating its 35th Anniversary in 2017, the Redbud Classic has become an Oklahoma City tradition involving the community through fitness, fun & philanthropy. The 2017 beneficiary is Cleats for Kids.  To commemorate this milestone year Redbud has launched a new program, Kids Run Redbud, which offers discounted registrations (scholarships available)  for area school students to run the 5K or 2 mile at the Redbud.  Schools will compete for most runners, fastest school and most spirited school!  The goal is to get kids involved in running by giving them this opportunity at an early age.

The first Redbud Classic was held in the spring of 1983.  It consisted of the 10 km and 2 mile road race and walk and drew approximately 1,100 participants.  Over time, the Redbud has been enhanced with additional events on its roster including the 10 and 30 mile bicycle tours; the 50 mile timed bicycle event, the in-line skating event, the wheelchair event and the ever-growing baby-stroller derby.  In the past twenty-eight years, the Redbud Classic has attracted more than 200,000 registrants.

These figures do not reflect the growing number of children who show up each year for the free one mile Children’s Fitness Run.   In recent years, nationally recognized special guests and celebrities have been included in the activities by offering workshops and lectures.  Past guests have included Joan Benoit Samuelson, Dr. George Sheehan, Kim Alexis, Jim Valvano, Casey Meyers, Dan O-Brien, Edwin Moses and Troy Aikman.

In addition to striving to offer a top quality competitive event, the Redbud Classic has also been able to donate over a quarter of a million dollars back to the community.  Beneficiaries began with the Oklahoma Summer Arts Institute and have also included Junior Achievement, Lyric Theater, the Oklahoma Chapter of the American Diabetes Association, a Chance to Change, Schools for Healthy Lifestyles,  Infant Crisis Services, Children’s Medical Research and the Arts Council of Oklahoma City.  After our 2011 event, the Redbud Classic was able to make a donation of $35,000, to CASA of Oklahoma County and in 2012 a $30,000 donation was made to Citizens Caring for Children.  In 2015, The Boys and Girls Clubs received a $25,000 donation from the 2015 event.

Between the very first Redbud Classic and where we are today, the Redbud has experienced tremendous growth and strong community support.  The event has been listed by “Runner’s World Magazine” as one of the top 75 running events in the country and continually holds it’s rank as the second largest competitive running event in the state.  After the success and restructuring of our 2000 event, the Redbud Foundation was able to begin an endowment to continue its future progress and improvements.

As we embark on our 32nd year of fitness, fun & philanthropy, we’re looking forward to more excitement and enthusiasm, as well as our partnership with the 2014 beneficiary The Anna's House Foundation.

Impact
One of the Redbud Classic's top accomplishmensts from the past year was to involve our 2016 beneficiary, Peppers Ranch, as our partner, which gave them increased exposure and awareness of their mission.  The Redbud also donated $25,000 to Peppers Ranch to assist in their programs.   We also gave nearly 5,000 participants an opportunity to compete in running and cycling events.  We also hosted the first REDBUD BASH, post- race community festival that featured food trucks, live music, kids activities and a big screen TV with a live stream.
Our goals for 2017 is to again involve at least 5,000 participants in the running and cycling events as well as assist our 2017beneficiary, Cleats for Kids, in advancing their mission by providing increased awareness through Redbud's promotion as well as be able to donate funds toward their mission.
Needs
Each year the Redbud Classic must raise $150,000 cash and more than $200,000 in in-kind donations by December 1 in order to proceed with
the event planning.  For 2014 we hope to raise funds to purchase new course signage for the running and bike events at the cost of approximately 8,500.00  We again have the on-going need of refueling food for participants (8,000 pieces of fruit, 8,000 granola bars) on race weekend, a printing sponsor and 1,000 volunteers for race weekend, April 8-9,2017.
CEO/Executive Director Statement
One of the characteristics that make the Redbud Classic stand apart from other running events, is that we select a different beneficiary each year to partner with to put on the event so we are able to serve many non-profits in Oklahoma.  The beneficiary provides 150 volunteers and in turn they receive the funds that are generated from the event.  We are also unique in that we are an event for the entire family...we have cycling and running events for the adults and children as well as a Kids Fun Run, and everyone is encouraged to come cheer on the participants.  We offer a weekend of fun and fitness for the community.
Area Served
Area Served
Geographic Area Served
Oklahoma - Statewide
Oklahoma City
Oklahoma City, Nichols Hills - 73116
Service Categories
Secondary Organizational Category Recreation & Sports/
Programs
Description
The Redbud Classic is an Oklahoma tradition involving the community in fun, fitness and philantrophy.  It features a weekend of cycling tours, 10,33 and 50 mile; timed 5K/10K runs, 2- mile walk and 2-mile stroller derby and a  1-mile Fitness Run for children.  The Redbud Classic each year selects a local non-profit to partner with and to donate proceeds from the event.
Strategy
Population Served General/Unspecified
Program Success MonitoringHelpDescription of the tools used to measure or track program impact.
The Redbud Classic monitors it's success from the increase in event participation.  We average a 10- 15% increase each year.  The OKC community health awareness is growing and the Redbud is excited to provide a quality event to promote healthy living.  We also measure success by an 85% return of corporate sponsors each year.  The Redbud is proud to have strong, consistent community support. 
Examples of Program SuccessHelpSpecific examples of changes in behaviors or testimonies of changes that demonstrate program success.
The 2013 Redbud Classic had 6,800 participants and was able to donate $30,000 to the 2013 beneficiary, Oklahoma Lawyers for Children.  The OLFC is using the funds to increasing the number of lawyers trained in Child Welfare Law by 30%.
Comments on Programs
CEO/Executive Director/Board Comments
One of the challenges facing Redbud is the rise in numbers of the cycling participates and the effects on the cities that the course goes through.  As the 50 mile cycle tour gains popularity the increase in cycling traffic is causing congestion in Jones.  We are addressing the situation by moving the waterstop from a main intersection to the more open location.  We also are facing an increase in numbers in the running events and that causes a strain on available security, food resources, traffic control and transport of participants to the start line.   We are planning to encourage early sign-up so we will know ahead of the number of participants so we can order extra water, food, security and shuttles.  We are even considering eliminating day - of sign up or possibly "capping" the event.
Our success and increase in participation (15-20%) in the past 3 years has brought new challenges to our organization.
CEO/Executive Director
CEO/Executive Director Patty Anthony
Start Date June 2005
Email info@redbud.org
Experience
Patty Anthony was a community volunteer for 20 years before being named Executive Director.  She served in various leadership roles such as President of the Junior League of OKC and President of the Casady School Parent Organization.  She also served on the boards of the Northside YWCA, Variety Health Care, Children's Medical Research Foundation and the Nichols Hills Park Inc. 
Staff
Number of Full-time Staff 1
Number of Part-time Staff 1
Number of Contract Staff 3
Number of Volunteers 1000
Staff Retention Rate 100
Are professional development opportunities provided? No
Does CEO/Executive Director have formal evaluations? Yes
Management reports to board? Yes
Organizational Plans
Fundraising Plan Under Development
Policy against commission-based compensation for fundraising consultant Yes
Communication Plan No
Strategic Plan Under Development
Management Succession Plan No
Organization Policies and Procedures No
Collaborations
Each year we partner with a local non-profit who receives the proceeds of the event.  The beneficiary is required to provide 150 volunteers for race weekend.   The  beneficiary is selected from applications submitted to the Redbud Board. A different non-profit is selected each year.
Comments on Staff & Management
CEO/Executive Director/Board Comments
As the Redbud Classic grows in number of participants we are requiring more volunteers to manage the event.  We are reaching out to various groups that are seeking done-in-a day opportunities, which is helping us meet our volunteer needs.  We also need more sponsorship dollars as fixed expenses increase, such as security costs.  We are seeking creative ways to attact in-kind donations in services, such as website sponsors, signage sponsors CPA work, and ad sponsors.  The more services we can get donated that frees up more dollars to pay for fixed expenses.
Another result of increased participants is the influx of spectators on the course that can impede neighborhood traffic. We are addressing this by letting the public aware well in advance of the race, closed roads, etc through print media.
Board Chair
Name Nick Tricinella
Company Affiliation Chesapeake Energy
Term July 2016 to June 2017
Email ntricnella@gmail.com
Board of Directors
List Current as of July 01, 2016
Board of Directors List
NameAffiliationStatus
Betsy Allen Chesapeake EnergyVoting
Jeff Auchenbach MidFirst BankVoting
Anna Bledsoe Devon EnergyVoting
Tyler Bolton Continental ResourcesVoting
Tony Borelli American Energy PartnerVoting
Dixie Coffey Dixie Coffey, PCVoting
Travis Frye MidFirst BankVoting
Bonner Gonzalez McAfee TaftVoting
Chris Griswold Chris Griswold, PCVoting
Matt Harouff Kimray, Inc.Voting
Jonathan Harpman Loves' Travel StopsVoting
Stephanie Jantz Chesapeake EnergyVoting
Kelsey Jennings Fellers Snider Law FirmVoting
Colt Kennemer Chesapeake Energy CorporationVoting
John Krahl Fuller, Tubb, Bickford and VitaliVoting
Travis Lawler Lamun, Mock, CunnyghamVoting
David Lewis Express ServicesVoting
Marisol Lopez Chesapeake EnergyVoting
Tracy Martin Community VolunteerVoting
Katylee Moehlenbrock LiquidfishVoting
Sue Morrison Sue Morrison, CPAVoting
Sandra Payne St. Anthony HospitalVoting
Jen Roberts Kimray, Inc.Voting
Amy Salazar Chesapeake EnergyVoting
Suzanne Singleterry Jones Public Relations, Inc.Voting
Leslie Stewart Mercy HospitalVoting
Brandon Trachman Physical Therapy CentralVoting
Nick Tricinella Chesapeake EnergyVoting
Ryan Welton Love's Travel StopsVoting
Michelle Whitlow Chesapeake EnergyVoting
Governance
Board Term Lengths 3 years
Percentage of Board Making Monetary Contributions to the Organization 100 %
Percentage of Board Making In-Kind Contributions to the Organization 50 %
Board Orientation Yes
Constituency Includes Client Representation Yes
Written Board Selection Criteria? No
Standing Committees
Advisory Board / Advisory Council
Development / Fund Development / Fund Raising / Grant Writing / Major Gifts
Nominating
Strategic Planning / Strategic Direction
Volunteer
Special Events (Golf Tournament, Walk / Run, Silent Auction, Dinner / Gala)
Executive
Advisory Board
Advisory Board Members
NameAffiliation
Daniel Adams MidFirst Bank
Burke Beck Red Coyote
Joanna Borelli Community Volunteer
Cyndi Cleary Waterford Properties
Lance Cornman MidAmerica Roofing and Construction
Steven Cox City of Nichols Hills Police
Peggy Davidson Little Caesars
Nathaniel Harding Harding Shelton
Joshua Hart
John Heatly Fellers Snider Law Firm
Ed Hill Oklahoma City Police
LaDonna Horton Love's Travel Stops
Michael Hunter First United Bank
Carol Joullian Community Volunteer
Kelly Lawson Love's Travel Stops
Lincoln McElroy Chapparal Energy
Ben Munda DA's Office
Dave Ortloff Dillingham Insurance
Steve Potts MidFirst Bank
Liz Robins Community Volunteer
Steve Schlegel Schlegel Bicycles
Lance Schmidt Reflections Dental
Sam Sims US Fleet Tracking
Shirley Small Casady School
Kyla Turner Love's Travel Stops
Current Fiscal Year
Fiscal Year July 01, 2016-June 30, 2017
Current Year Budgeted Total Income $292,200
Current Year Budgeted Total Expenses $271,650
Financial Documents
IRS Letter of Determination
Prior Three Years' Financial History
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201520142013
Foundation and
Corporation Contributions
$192,263$169,450$191,323
Government Contributions$0$0$0
Federal------
State------
Local------
Unspecified------
Individual Contributions------
------
$151,154$141,310$171,277
Investment Income, Net of Losses$176$535$1,152
Unrealized Gain/Loss------
Membership Dues------
Special Events------
Revenue In-Kind$134,000----
Other------
Expense Allocation
Fiscal Year201520142013
Program Expense$360,239$238,111$249,117
Administration Expense$105,221$105,035$101,800
Fundraising Expense------
Payments to Affiliates------
Total Revenue/Total Expenses1.030.911.04
Program Expense/Total Expenses77%69%71%
Fundraising Expense/Contributed Revenue0%0%0%
Assets and Liabilities
Fiscal Year201520142013
Total Assets$234,256$222,123$253,974
Current Assets$105,221$52,118$84,504
Long-Term Liabilities------
Current Liabilities------
Total Net Assets$234,256$222,123$253,974
Solvency
Short Term Solvency
Fiscal Year201520142013
Current Ratio: Current Assets/Current Liabilities------
Long Term Solvency
Fiscal Year201520142013
Long-Term Liabilities/Total Assets0%0%0%
Funding Sources
Top Funding Sources
Fiscal Year201520142013
Top Funding Source & Dollar AmountFoundation & Corporations $192,263Foundations & Corporations $169,450Foundations & Corporations $191,323
Second Highest Funding Source & Dollar AmountEarned Revenue $151,154Earned Revenue $141,310Earned Revenue $171,277
Third Highest Funding Source & Dollar AmountRevenue In-Kind $134,000Interest & Dividends $535Interest & Dividends $1,152
Endowment? Yes
Endowment Spending Policy Percentage
Endowment Spending Policy Percentage (if selected) 5 %
Credit Line? No
Reserve Fund? Yes
Capital Campaign
Currently in a Capital Campaign? No
Comments on Financials
Foundation Staff Comments
All prior year financial information is from IRS Form 990s.
 
Organizations with a GiveSmartOKC profile are responsible for updating information annually within 45 days following the end of their fiscal year.
 
Address 720 W Wilshire Blvd Ste 116
Oklahoma City, OK 73116
Primary Phone 405 842-8295
Contact Email info@redbud.org
Give with Credit Card http://www.redbud.org
Give to Endowment http://occf.org/redbud/
CEO/Executive Director Patty Anthony
Board Chair Nick Tricinella
Board Chair Company Affiliation Chesapeake Energy