Liabilities / Assets
90th percentile
Higher debt load relative to assets than 90% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.57x
Liabilities / Revenue
93rd percentile
Higher debt load relative to revenue than 93% of similar nonprofits.
Net Margin
87th percentile
Higher net margin than 87% of similar nonprofits.
Top Officer Pay
74th percentile
Higher top officer pay than 74% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
96th percentile
Faster asset growth than 96% of similar nonprofits.
Revenue Growth
97th percentile
Faster revenue growth than 97% of similar nonprofits.
Balance Sheet
Assets
Up$104,404
Up $74,524 (+249%) from 2013
Net Assets
$45,321
No earlier filing loaded for comparison.
Liabilities
Up$59,083
Up $40,410 (+216%) from 2013
Revenue And Expenses
Revenue
Up$96,068
Up $68,996 (+255%) from 2013
Expenses
Up$61,954
Up $37,480 (+153%) from 2013
Net Income
Up$34,114
Up $31,516 (+1213%) from 2013
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2014 to Dec 31, 2014
- Signed
- May 12, 2015
- Return Version
- 2014v5.0
- Gross Receipts
- $96,068
Mission and Program Overview
Mission
The New Roots Fund, formed in 2011, is associated with the Diocese of Olympia, a local-affiliate for the Episcopal Migration Ministries which is a contractor with the Department of State for refugee resettlement. New Roots, although associated with the Diocese, has a separate 501c3 non-profit tax status. The New Roots Fund mission is to provide business technical assistance and business capital to refugees and immigrants.
New Roots Fund educates and provide skills training to members of the public, particularly refugees, asylees, and other low income people, on personal and business finance and economics. New Roots also provides micro loans (typically up to $4,000) structured to meet the needs of the low income borrower without undue risk to the borrower or lender.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Developmental Services and Micro Loan activity: In 2014 New Roots staff developed business and training curricula and created new loan products. In 2014 New Roots staff also collected repayments on one loan and gave business technical assistance to the borrower. | $95,972 | $61,886 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Michael Blumson | Board Chairman | - | $0 | - | - |
| Patty Grossman | Board Treasurer | - | $0 | - | - |
| Antoinette Marasigan | Board Member | - | $0 | - | - |
| Irene Munyua | Board Member | - | $0 | - | - |
| Joann Ware | Board Member | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- New Roots Fund
- EIN
- 38-3885237
- Phone
- 2063233152
- Address
- 1610 South King Street, Seattle, WA 98144
Signing Officer
- Name
- Greg Hope
- Title
- Executive Director
- Phone
- 2063233152
- Signed
- 2015-05-12
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Northwest Accounting & Financial Management
- Address
- 2001 E Jansen Ct, Suite 101, Seattle, WA 98112
- Preparer
- David Schor
- Phone
- 2067898484
Supplemental Narrative
Additional Explanations
Form 990-EZ, Part I, Line 16
“Description;Amount^Conference Fees and Registration;45|Depreciation Expense;1759^Total;1804^”
Form 990-EZ, Part I, Line 20
“In 2014 New Roots Fund received a restricted grant of $95,972 from CDFI, recording the full amount to restricted grant revenue. Related expenses on the grant amounted to $61,886 in 2014. The difference of $34,086 remained in restricted net assets at the end of 2014, for use in future periods.”
Form 990-EZ, Part II, Line 24
“Description;EOY Amount^Accounts Receivable;415|Equipment computers;7914|Accumulated Depreciation equipment;-1759^Total;6570^”
Form 990-EZ, Part II, Line 26
“Description;EOY Amount^Salaries and employee benefits payable;59083^Total;59083^”
Raw XML Appendix183 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Michael Blumson |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | Board Chairman |
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| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 6570 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 1804 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 0 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | New Roots Fund educates and provide skills training to members of the public, particularly refugees, asylees, and other low income people, on personal and business finance and economics. New Roots also provides micro loans (typically up to $4,000) structured to meet the needs of the low income borrower without undue risk to the borrower or lender. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 0 |
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| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Developmental Services and Micro Loan activity: In 2014 New Roots staff developed business and training curricula and created new loan products. In 2014 New Roots staff also collected repayments on one loan and gave business technical assistance to the borrower. |
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| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 61886 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
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| IRS990EZ/SaleOfAssetsGrossAmt | 0 | 0 |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | WA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 18673 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 59083 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 61954 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 61886 |
| IRS990EZ/TotalRevenueAmt | 0 | 96068 |
| IRS990EZ/TransactionWithControlEntInd | 0 | 0 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
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| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 95972 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 27000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 10080 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 133052 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 96 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 72 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 168 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 0 |
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| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 95972 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 27000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 10080 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 0 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 133052 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 133220 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Description;Amount^Conference Fees and Registration;45|Depreciation Expense;1759^Total;1804^ |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | In 2014 New Roots Fund received a restricted grant of $95,972 from CDFI, recording the full amount to restricted grant revenue. Related expenses on the grant amounted to $61,886 in 2014. The difference of $34,086 remained in restricted net assets at the end of 2014, for use in future periods. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Description;EOY Amount^Accounts Receivable;415|Equipment computers;7914|Accumulated Depreciation equipment;-1759^Total;6570^ |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Description;EOY Amount^Salaries and employee benefits payable;59083^Total;59083^ |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990-EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990-EZ, Part I, Line 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990-EZ, Part II, Line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990-EZ, Part II, Line 26 |
| ReturnHeader/BuildTS | 0 | 2016-03-07 17:11:31Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Greg Hope |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Executive Director |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2063233152 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2015-05-12 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | New Roots Fund |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | NEWR |
| ReturnHeader/Filer/EIN | 0 | 383885237 |
| ReturnHeader/Filer/PhoneNum | 0 | 2063233152 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1610 South King Street |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Seattle |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | WA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 98144 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 274660950 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Northwest Accounting & Financial Management |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 2001 E Jansen Ct |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine2Txt | 0 | Suite 101 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Seattle |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | WA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 98112 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2067898484 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2015-05-11 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | David Schor |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2015-05-11T20:31:01-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2014-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2014-12-31 |
| ReturnHeader/TaxYr | 0 | 2014 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $104,404
- Liabilities
- $59,083
- Net assets
- $45,321
- Revenue
- $96,068
- Expenses
- $61,954
- Net income
- $34,114