Redbud Foundation Inc.
720 W. Wilshire Blvd., Suite 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 Sara Sweet
Contact email info@redbud.org
Address 720 W. Wilshire Blvd., Suite 116
Oklahoma City, OK 73116
Phone (405) 842-8295
County Oklahoma
How to Give
Donate with Credit Card https://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 $288,600.00
Projected Expenses $246,250.00
History and Background
Former Names
NameYear
N/A
Supported Organization Redbud Classic
Year Founded 1983
IRS Ruling Year 1987
State Registration Expiration Mar 2020
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
Celebrating its 38th Anniversary in 2020, the Redbud Classic has become an Oklahoma City tradition involving the community through fitness, fun & philanthropy. The 2020 beneficiary is the Oklahoma City Police Athletic League.
 
The first Redbud Classic was held in the spring of 1983. It consisted of a 10k run and 2-mile fun run and walk; the event drew approximately 1,100 participants. Over time, the Redbud has been enhanced with additional events, including the 10-, 33-, and 45-mile cycling tours; the 5k and 5k wheelchair event and the 2-mile baby-stroller derby. In the past thirty-seven years, the Redbud Classic has attracted more than 200,000 registrants.
 
These figures do not reflect the growing number of children who participate in the Children’s Fitness Run, and we are looking forward to our first annual "Woof Walk" a 1-mile dog walk event.
 
In addition to offering a top quality competitive event, the Redbud Classic has also donated over $750,000 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 2018 event, the Redbud Classic donated $17,000 to Whiz Kids, and in 2019 Teach for America Oklahoma City received $15,000.
 
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 its rank as the second largest competitive running event in Oklahoma City. In 2000, the Redbud Foundation began an endowment to continue its future progress and improvements.
 
As we embark on our 38th year of fitness, fun & philanthropy, we’re looking forward to more excitement and enthusiasm, as well as our partnership with the 2020 beneficiary, Oklahoma City Police Athletic League.
Impact
As one of Oklahoma City's longest fitness traditions, the Redbud Classic achieved many accomplishments during our 2019 events. We hosted nearly 4,000 participants over the weekend for our cycling, children's and running events, which enabled the Redbud Board of Directors to donate $15,000 to our 2019 beneficiary, Teach for America - Oklahoma City. We also hosted the fifth annual Redbud Bash, a post-race community festival that featured food trucks, music, kids activities and a big screen TV with a live stream of the Oklahoma City Thunder basketball game.
 
Our goals for 2020 include increasing our participation in all events, revamping our cycling events, being strategic in placing volunteers who are also interested in serving as board members, assisting our 2020 beneficiary, Oklahoma City Police Athletic League, in advancing their mission by providing increased awareness through Redbud's promotion as well as be able to donate funds toward their mission goals.
Needs
Each year the Redbud Classic must raise at least $150,000 cash and $200,000 in in-kind donations by December 1 in order to proceed with planning the events. Our goal is to underwrite a large portion of the event costs, to keep entry fees reasonable for our participants. We have the ongoing need of refueling food for participants, including  approximately 5,000 pieces of fruit, and 5,000 granola bars, on race weekend. We need 5,000 event T-shirts and 4,000 event medals. We hire over 100 police and security officers to insure that our events are safe and secured. We need approximately 1,000 volunteers for race weekend, April 4-5, 2020.
CEO/Executive Director Statement
One of the characteristics that makes the Redbud Classic unique, is that we select a different beneficiary each year with whom to partner to put on the event. Because of this annual selection, we are able to serve many non-profits in Oklahoma City.  The beneficiary provides 150 volunteers, and in turn, their organization receives a portion of the Redbud Classic race proceeds.  The Redbud Classic is also unique in that we are an event for the entire family; we host cycling and running events for adults and children, as well as a Kids' Fun Run and even a 1-Mile "Woof Walk" with the family dog. Everyone is encouraged to come cheer on the participants, and we are thrilled to have volunteers. We offer a weekend of fitness, fun and philanthropy for the community.
Area Served
Area Served
Geographic Area Served
Oklahoma - Statewide
Oklahoma City
Nichols Hills
Jones
Choctaw
Oklahoma City
Programs
Description
The Redbud Classic is an Oklahoma tradition involving the community in fitness, fun and philanthropy. The Redbud Classic features a weekend of 10-, 33-, and 45-mile cycling tours; timed 5k/10k races; 2-mile walk and 2-mile stroller derby; and a 1-mile Kids' Fun Run.  Each year, the Redbud Classic selects a local non-profit with whom to partner and receive 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 its success from the increase in event participation.  Health awareness is growing in the Oklahoma City community, 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 2019 Redbud Classic had 3,620 participants and was able to donate $15,000 to the 2019 beneficiary, Teach for America - Oklahoma City.  
CEO/Executive Director
CEO/Executive Director Sara Sweet
Start Date Sept 2018
Email info@redbud.org
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? Yes
Does CEO/Executive Director have formal evaluations? Yes
Management reports to board? Yes
Staff Demographics - Gender
Male 1
Female 4
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.
Affiliations
AffiliationYear
Oklahoma Center for Nonprofits, Standards of Excellence Program Graduate2018
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 attract 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 Craig Parker
Company Affiliation Rushmore Loan Management
Term July 2019 to June 2020
Email craigparkerok@gmail.com
Board of Directors
List Current as of Nov 07, 2019
Board of Directors List
NameAffiliationStatus
Quint AndersonTraction MarketingVoting
Megan BarnesLA Sun & SportVoting
Sohrab BassiriThe Boeing CompanyVoting
Bailey BenhamChaparral EnergyVoting
Angela BrooksGirls Scouts of Western OklahomaVoting
Leslie BufordOU MedicineVoting
Jodi ColeMcAfee TaftVoting
Jordan ColePaycomVoting
Drew CunninghamResolution LegalVoting
Nathan ElliottNEWS 9Voting
Matt FarleyICGVoting
Jed FergusonMidFirst BankVoting
Katie GriffinFulmer Sill LawVoting
Kyle HubbleRose Rock CPAsVoting
Coveneant IdellDevonVoting
Colt KennemerDorchester ResourcesVoting
Kelly LawsonLove's Travel Stops & Country StoresVoting
Pat LewisOG&EVoting
Daniel MolinaOklahoma City Indian ClinicVoting
Sean MossmanCOOP Ale WorksVoting
Craig ParkerMidFirst BankVoting
Kenny ReinboldExpress Employment ProfessionalsVoting
Kyle SpringerMercy HospitalVoting
Stephanie TurnerCrowe & DunlevyVoting
Rachel UraneckChesapeake EnergyVoting
Chris WallaChesapeake EnergyVoting
Lindsay WatsonMidFirst BankVoting
Ryan WeltonNEWS9Voting
Trey WhitleyTurner & Sons HomesVoting
Sandy WinkelmannSSM Health - St AnthonyVoting
Board Demographics - Gender
Male 17
Female 13
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 AdamsMidFirst Bank
Jeff AuchenbachMidFirst Bank
Burke BeckRed Coyote
Anna BledsoeDevon
Tyler BoltonFlywheel Energy
Steven CoxCity of Nichols Hills Police
Peggy DavidsonLittle Caesars
Travis FryeMidFirst Bank
Chris GriswoldChris Griswold, P.C.
LaDonna HortonLove's Travel Stops
Steve JohnsonOklahoma City Police
Carol JoullianCommunity Volunteer
John KrahlMulinix Goerke & Meyer
Travis LawlerLamun Mock Cunnyngham & Davis
Lincoln McElroyChapparal Energy
Katylee MoehlenbrockMercy Hospital
Sue MorrisonSue Morrison CPA
Dave OrtloffDillingham Insurance
Sandra PayneSSM Health St. Anthony Hospital
Steve PottsMidFirst Bank
Liz RobinsCommunity Volunteer
Steve SchlegelSchlegel Bicycles
Lance SchmidtReflections Dental
Suzanne SingleterryJones PR
Shirley SmallCasady School
Leslie StewartSSM Health St. Anthony Hospital
Kyla TurnerLove's Travel Stops
Marisol WhisenantChesapeake Energy
Current Fiscal Year
Fiscal Year July 01, 2019-June 30, 2020
Current Year Budgeted Total Income $288,600
Current Year Budgeted Total Expenses $246,250
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 Year201820172016
Contributions$162,086$166,915$172,964
Foundation and
Corporation Contributions
------
Government Contributions$0$0$0
Federal------
State------
Local------
Unspecified------
Individual Contributions------
------
$107,945$132,601$154,229
Investment Income, Net of Losses$2,942$457$713
Unrealized Gain/Loss------
Membership Dues------
Special Events------
Revenue In-Kind$155,896$150,764$119,024
Other------
Expense Allocation
Fiscal Year201820172016
Program Expense$387,741$420,377$336,799
Administration Expense$18,688$20,519$107,291
Fundraising Expense$9,090$9,720--
Payments to Affiliates------
Total Revenue/Total Expenses1.031.001.01
Program Expense/Total Expenses93%93%76%
Fundraising Expense/Contributed Revenue6%6%0%
Assets and Liabilities
Fiscal Year201820172016
Total Assets$250,567$237,217$237,096
Current Assets$250,567$237,217$66,202
Long-Term Liabilities------
Current Liabilities------
Total Net Assets$250,567$237,217$237,096
Solvency
Short Term Solvency
Fiscal Year201820172016
Current Ratio: Current Assets/Current Liabilities------
Long Term Solvency
Fiscal Year201820172016
Long-Term Liabilities/Total Assets0%0%0%
Funding Sources
Top Funding Sources
Fiscal Year201820172016
Top Funding Source & Dollar AmountContributions $162,086Contributions $166,915Contributions $172,964
Second Highest Funding Source & Dollar AmountEarned Revenue $107,945Revenue In-Kind $150,764Earned Revenue $154,229
Third Highest Funding Source & Dollar AmountInvestment Income $2,942Earned Revenue $132,601Revenue In-Kind $119,024
Endowment? Yes
Endowment Spending Policy Income Only
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 the IRS Form 990s.

Contributions may include foundations and corporations when the breakout was not available.

The financial information presented is obtained from the following sources: IRS Form 990, independent audit reports, financial statements – board approved when available, and supplemental information from the organization. We do not warrant or guarantee the timeliness, errors or inaccuracies. With respect to information regarding financial performance, nothing on this website should be interpreted as a statement or interpretation by OCCF staff.

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., Suite 116
Oklahoma City, OK 73116
Primary Phone 405 842-8295
Contact Email info@redbud.org
Give with Credit Card https://www.redbud.org
Give to Endowment http://occf.org/redbud/
CEO/Executive Director Sara Sweet
Board Chair Craig Parker
Board Chair Company Affiliation Rushmore Loan Management