Civic Intelligence

New Roots Fund

990EZ • Fiscal year 2016 • EIN 38-3885237

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

1610 South King StreetSeattle, WA 98144

(206) 323-3152

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

85th percentile

0.30x

Higher debt load relative to assets than 85% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

94th percentile

0.73x

Higher debt load relative to revenue than 94% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

93rd percentile

53%

Higher net margin than 93% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

89th percentile

82%

Faster asset growth than 89% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

51st percentile

1.4%

Faster revenue growth than 51% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$331,363

Up $149,639 (+82%) from 2015

Net Assets

Up

$231,363

Up $72,301 (+45%) from 2015

Liabilities

Up

$100,000

Up $77,338 (+341%) from 2015

Revenue

Up

$136,740

Up $1,941 (+1.4%) from 2015

Expenses

Up

$64,439

Up $24,723 (+62%) from 2015

Net Income

Down

$72,301

Down $22,782 (-24%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2013: $29,880Liabilities 2013: $18,6732013Assets 2014: $104,404Liabilities 2014: $59,083Net Assets 2014: $45,3212014Assets 2015: $181,724Liabilities 2015: $22,662Net Assets 2015: $159,0622015Assets 2016: $331,363Liabilities 2016: $100,000Net Assets 2016: $231,3632016Assets 2017: $385,855Liabilities 2017: $159,155Net Assets 2017: $226,7002017Assets 2018: $483,722Liabilities 2018: $211,896Net Assets 2018: $271,8262018Assets 2019: $604,229Liabilities 2019: $305,178Net Assets 2019: $299,0512019Assets 2020: $1,082,837Liabilities 2020: $798,317Net Assets 2020: $284,5202020Assets 2021: $521,524Liabilities 2021: $197,026Net Assets 2021: $324,4982021Assets 2022: $637,552Liabilities 2022: $358,812Net Assets 2022: $278,7402022Assets 2023: $946,500Liabilities 2023: $655,566Net Assets 2023: $290,9342023Assets 2024: $1,087,870Liabilities 2024: $784,498Net Assets 2024: $303,3722024

Highlighted filing

2016

Assets$331,363
Liabilities$100,000
Net Assets$231,363

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2013: $27,072Expenses 2013: $24,474Net Income 2013: $2,5982013Revenue 2014: $96,068Expenses 2014: $61,954Net Income 2014: $34,1142014Revenue 2015: $134,799Expenses 2015: $39,716Net Income 2015: $95,0832015Revenue 2016: $136,740Expenses 2016: $64,439Net Income 2016: $72,3012016Revenue 2017: $169,667Expenses 2017: $174,330Net Income 2017: -$4,6632017Revenue 2018: $377,176Expenses 2018: $332,050Net Income 2018: $45,1262018Revenue 2019: $460,744Expenses 2019: $433,519Net Income 2019: $27,2252019Revenue 2020: $460,019Expenses 2020: $474,550Net Income 2020: -$14,5312020Revenue 2021: $572,396Expenses 2021: $551,305Net Income 2021: $21,0912021Revenue 2022: $665,587Expenses 2022: $662,622Net Income 2022: $2,9652022Revenue 2023: $504,249Expenses 2023: $499,616Net Income 2023: $4,6332023Revenue 2024: $610,524Expenses 2024: $582,176Net Income 2024: $28,3482024

Highlighted filing

2016

Revenue$136,740
Expenses$64,439
Net Income$72,301
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$136,740
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.

Program Services

DescriptionGrantsExpenses
In 2016 New Roots Fund provided business and technical assistance to over 100 enrollees from immigrant and refugee communities in the Puget Sound area. Nearly 90% of enrollees lived in low-income census tracts. During the 2016 program year, New Roots Fund made multiple business loans to entrepreneurs living in targeted census tracts. Since 2003, New Roots Fund personnel (who are all former employees of the Diocese of Olympia) have helped over 350 refugees with their business plans and disbursed more than 400 loans. Participants in the programs of the New Roots Fund have access to Individual Development Accounts (IDAs), which are matched savings accounts that allow entrepreneurs to save, and have their savings matched on a one-to-one basis as means of capitalizing a business. New Roots Fund also has access, through a service agreement with the Diocese of Olympia, a training program to help refugees and immigrants open home-based childcare businesses. Finally, New Roots Fund is renting land in Snohomish County, Washington as an incubator for farming businesses.$0$58,419
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael BlumsonBoard Chairman-$0--
Patty GrossmanBoard Treasurer-$0--
Antoinette MarasiganBoard Member-$0--
Joann WareBoard Member-$0--
Abdinasir MohamedBoard 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
2017-11-14
Discuss with paid preparer
Yes

Preparer

Firm
dba 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^Provision for Loan Loss;6416|Interest Expense;2833|Depreciation on Office Equipment;2638|Licensing Fees Other;308|Travel;67|Meetings;38^Total;12300^

Form 990-EZ, Part II, Line 24

Description;EOY Amount^Grants Receivable;50000|Current Loans Receivable net of loan loss reserve of 5757;43698|Long term Loans Receivable net of loan loss reserve of 3779;42126|Office Equipment net of Accum Depr of 7035;879^Total;136703^

Form 990-EZ, Part II, Line 26

Description;EOY Amount^Loan Payable to Protestant Episcopal Church;100000^Total;100000^

Raw XML Appendix175 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Seattle
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IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd098144
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Antoinette Marasigan
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Joann Ware
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Abdinasir Mohamed
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Board Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Board Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Board Member
IRS990EZ/OperateHospitalInd00
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IRS990EZ/OtherAssetsTotalDetail/EOYAmt0136703
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt012300
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
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IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0The 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.
IRS990EZ/PrintingPublicationsPostageAmt02389
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0In 2016 New Roots Fund provided business and technical assistance to over 100 enrollees from immigrant and refugee communities in the Puget Sound area. Nearly 90% of enrollees lived in low-income census tracts. During the 2016 program year, New Roots Fund made multiple business loans to entrepreneurs living in targeted census tracts. Since 2003, New Roots Fund personnel (who are all former employees of the Diocese of Olympia) have helped over 350 refugees with their business plans and disbursed more than 400 loans. Participants in the programs of the New Roots Fund have access to Individual Development Accounts (IDAs), which are matched savings accounts that allow entrepreneurs to save, and have their savings matched on a one-to-one basis as means of capitalizing a business. New Roots Fund also has access, through a service agreement with the Diocese of Olympia, a training program to help refugees and immigrants open home-based childcare businesses. Finally, New Roots Fund is renting land in Snohomish County, Washington as an incubator for farming businesses.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description;Amount^Provision for Loan Loss;6416|Interest Expense;2833|Depreciation on Office Equipment;2638|Licensing Fees Other;308|Travel;67|Meetings;38^Total;12300^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description;EOY Amount^Grants Receivable;50000|Current Loans Receivable net of loan loss reserve of 5757;43698|Long term Loans Receivable net of loan loss reserve of 3779;42126|Office Equipment net of Accum Depr of 7035;879^Total;136703^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description;EOY Amount^Loan Payable to Protestant Episcopal Church;100000^Total;100000^
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 26
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Greg Hope
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum02063233152
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0New Roots Fund
ReturnHeader/Filer/BusinessNameControlTxt0NEWR
ReturnHeader/Filer/EIN0383885237
ReturnHeader/Filer/PhoneNum02063233152
ReturnHeader/Filer/USAddress/AddressLine1Txt01610 South King Street
ReturnHeader/Filer/USAddress/CityNm0Seattle
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd098144
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt073.109.60.152
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0dba Northwest Accounting & Financial Management
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02001 E Jansen Ct
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine2Txt0Suite 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Seattle
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd098112
ReturnHeader/PreparerPersonGrp/PhoneNum02067898484
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0David Schor
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-11-13T20:47:42-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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Filings