Civic Intelligence

Whispering Roots

990 • Fiscal year 2022 • EIN 46-1579222

Jan 01, 2022 to Dec 31, 2022 • Filed on Sep 15, 2023

4104 S 90th StOmaha, NE 68127

(402) 305-2236

Siviq Scores

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

Liabilities / Assets

80th percentile

0.39x

Higher debt load relative to assets than 80% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

78th percentile

0.42x

Higher debt load relative to revenue than 78% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

67th percentile

17%

Higher net margin than 67% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

78th percentile

$124,424

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

94th percentile

104%

Faster asset growth than 94% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

78th percentile

40%

Faster revenue growth than 78% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$2,055,650

Up $1,046,676 (+104%) from 2021

Net Assets

Up

$1,260,520

Up $326,494 (+35%) from 2021

Liabilities

Up

$795,130

Up $720,182 (+961%) from 2021

Revenue

Up

$1,910,606

Up $549,352 (+40%) from 2021

Expenses

Up

$1,584,112

Up $494,716 (+45%) from 2021

Net Income

Up

$326,494

Up $54,636 (+20%) from 2021

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2015: $81,481Liabilities 2015: $02015Assets 2016: $160,230Liabilities 2016: $02016Assets 2017: $386,604Liabilities 2017: $0Net Assets 2017: $386,6042017Assets 2018: $548,332Liabilities 2018: $15,574Net Assets 2018: $532,7582018Assets 2019: $599,247Liabilities 2019: $66,093Net Assets 2019: $533,1542019Assets 2020: $718,870Liabilities 2020: $56,702Net Assets 2020: $662,1682020Assets 2021: $1,008,974Liabilities 2021: $74,948Net Assets 2021: $934,0262021Assets 2022: $2,055,650Liabilities 2022: $795,130Net Assets 2022: $1,260,5202022Assets 2023: $1,885,242Liabilities 2023: $837,862Net Assets 2023: $1,047,3802023Assets 2024: $1,211,112Liabilities 2024: $843,007Net Assets 2024: $368,1052024

Highlighted filing

2022

Assets$2,055,650
Liabilities$795,130
Net Assets$1,260,520

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $104,430Expenses 2015: $50,484Net Income 2015: $53,9462015Revenue 2016: $188,908Expenses 2016: $110,160Net Income 2016: $78,7482016Revenue 2017: $363,570Expenses 2017: $137,196Net Income 2017: $226,3742017Revenue 2018: $358,232Expenses 2018: $212,078Net Income 2018: $146,1542018Revenue 2019: $551,183Expenses 2019: $550,787Net Income 2019: $3962019Revenue 2020: $705,222Expenses 2020: $576,208Net Income 2020: $129,0142020Revenue 2021: $1,361,254Expenses 2021: $1,089,396Net Income 2021: $271,8582021Revenue 2022: $1,910,606Expenses 2022: $1,584,112Net Income 2022: $326,4942022Revenue 2023: $2,532,499Expenses 2023: $2,745,639Net Income 2023: -$213,1402023Revenue 2024: $1,495,576Expenses 2024: $2,174,851Net Income 2024: -$679,2752024

Highlighted filing

2022

Revenue$1,910,606
Expenses$1,584,112
Net Income$326,494
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 15, 2023
Return Version
2022v5.0
Gross Receipts
$1,910,606
Mission and Program Overview

Mission

The mission of whispering roots is to provide fresh, locally grown food, education and economic development for socially and economically disadvantages communities (urban and rural) by using aquaculture, aquaponics, hydroponics, drip irrigation and urban farming.

The mission of whispering roots inc is to bring healthy fresh food, nutrition education, innovative agriculture techniques and science, technology, engineering and math (stem) education to students and residents living in urban and rural socially and economically under-served communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$276,678$576,560▲ $299,882
Cash and Non-Interest-Bearing Accounts$490,348$399,494▼ $90,854
Land, Buildings, and Equipment, Net$232,643$237,949▲ $5,306
Accounts Receivable-$96,430-
Prepaid Expenses and Deferred Charges$7,007$11,475▲ $4,468
Total Assets$1,008,974$2,055,650▲ $1,046,676
Other Assets Total$2,298$733,742▲ $731,444
Liabilities
Other Liabilities$0$719,315▲ $719,315
Accounts Payable and Accrued Expenses$74,948$75,815▲ $867
Total Liabilities$74,948$795,130▲ $720,182
Net Assets / Fund Balance
Net Assets With Donor Restrictions$304,969$1,182,770▲ $877,801
Net Assets Without Donor Restrictions$629,057$77,750▼ $551,307
Total Net Assets Fund Balance$934,026$1,260,520▲ $326,494
Total Liabilities and Net Assets / Fund Balance$1,008,974$2,055,650▲ $1,046,676

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$165,916$48,169$214,085
Equipment$72,033$34,254$106,287
Other Assets Org$731,444--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Gregory FrippDirector/CEOFT$124,424$124,424

Board Members and Trustees

NameTitle
Dale GubbelsPresident
Jeff ColeVice President
Edgar HicksDirector
Sarah WaldmanSecretary
Jim TrebbienTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,834,920
Program Service Revenue
$75,522
Investment Income
$0
Other Revenue
$164
All Other Contributions
$1,834,920
Change in Net Assets
$326,494

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$44,000Estimated Fair Value
Food Inventory1$41,412Estimated Fair Value
Other Non Cash Contri Table1$10,000Estimated Fair Value
Total Noncash Contributions3$95,412-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,910,606
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,910,606
Total Revenue per Form 990
$1,910,606
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,231,393
Salaries, Compensation, and Employee Benefits$352,719
Total Fundraising Expense$44,723
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$152,894$101,632-$254,526
Other Salaries and Wages$161,425--$161,425
Current Officers, Directors, Trustees, and Key Employees$102,213$9,319$12,892$124,424
All Other Expenses$42,629$30,318$2,326$75,273
Other Employee Benefits$20,756$21,707-$42,463
Depreciation Depletion$31,071$1,047-$32,118
Fees for Services Accounting$11,117$19,200-$30,317
Other Expenses$32,550$24,526$28,463$28,463
Payroll Taxes$20,055$3,310$1,042$24,407
Insurance$9,988$7,630-$17,618
Office Expenses-$10,132-$10,132
Fees for Services Legal$1,242$2,145-$3,387
Travel-$2,522-$2,522
Total Functional Expenses$1,305,901$233,488$44,723$1,584,112

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,584,112
Total Expenses per Audited Statements$1,584,112
Total Expenses per Form 990$1,584,112
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Obligations$719,315
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A complete copy of the 990 is provided to the governing board for approval before filing.

Form 990, Part VI, Section C, Line 19

Governing financial documents are available online on guidestar public reporting site and also by request.

Filing and Contact Details

Filer

Filer Name
Whispering Roots Inc
EIN
46-1579222
Phone
4023052236
Address
4104 S 90TH ST, OMAHA, NE 68127

Signing Officer

Name
Gregory Fripp
Title
CEO
Phone
4023052236
Signed
2023-09-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory Fripp
Formed
2011
Legal Domicile
Ne
Voting Board Members
6
Independent Board Members
5
Employees
6
Volunteers
10

Preparer

Firm
Hbe Llp
Address
1121 N 102ND COURTSUITE 100, OMAHA, NE 68114
Preparer
Anne Fuhrman CPA
Phone
4028955050
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed.

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from federal income taxes under section 501(c)(3) of the internal revenue code, except on net income derived from unrelated business activities. For the years ended december 31, 2022 and 2021 the organization had no tax liability on unrelated business activity. The organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.

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IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0861260
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0172144
IRS990/PYRevenuesLessExpensesAmt0271858
IRS990/PYSalariesCompEmpBnftPaidAmt0228136
IRS990/PYTotalExpensesAmt01089396
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01361254
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0326494
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt075522
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS OTHER - 2022 AMOUNT: $ 164.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01739508
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01189110
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0534881
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0477078
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0345737
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04286314
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt071
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt072
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0164
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0164
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.51030
IRS990ScheduleA/PublicSupportPY170Pct00.52580
IRS990ScheduleA/PublicSupportTotal170Amt02187469
IRS990ScheduleA/SubstantialContributorsTotAmt02098845
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01739508
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01189110
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0534881
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0477078
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0345737
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04286314
IRS990ScheduleA/TotalSupportAmt04286550
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0165916
IRS990ScheduleD/BuildingsGrp/DepreciationAmt048169
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0214085
IRS990ScheduleD/EquipmentGrp/BookValueAmt072033
IRS990ScheduleD/EquipmentGrp/DepreciationAmt034254
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0106287
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01584112
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02298
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1731444
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OPERATING RIGHT-OF-USE ASSETS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0719315
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE OBLIGATIONS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01910606
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021 THE ORGANIZATION HAD NO TAX LIABILITY ON UNRELATED BUSINESS ACTIVITY. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0237949
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0733742
IRS990ScheduleD/TotalExpensesPerForm990Amt01584112
IRS990ScheduleD/TotalLiabilityAmt0719315
IRS990ScheduleD/TotalRevenuePerForm990Amt01910606
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01910606
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01584112
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/FoodInventoryGrp/ContributionCnt01
IRS990ScheduleM/FoodInventoryGrp/MethodOfDeterminingRevenuesTxt0ESTIMATED FAIR VALUE
IRS990ScheduleM/FoodInventoryGrp/NonCashCheckboxInd0X
IRS990ScheduleM/FoodInventoryGrp/NoncashContributionsRptF990Amt041412
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt11
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0WAREHOUSE SPACE
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1EQUIPMENT
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0ESTIMATED FAIR VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1ESTIMATED FAIR VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt044000
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt110000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COMPLETE COPY OF THE 990 IS PROVIDED TO THE GOVERNING BOARD FOR APPROVAL BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING FINANCIAL DOCUMENTS ARE AVAILABLE ONLINE ON GUIDESTAR PUBLIC REPORTING SITE AND ALSO BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PROCESS HAS NOT CHANGED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01008974
IRS990/TotalAssetsEOYAmt02055650
IRS990/TotalAssetsGrp/BOYAmt01008974
IRS990/TotalAssetsGrp/EOYAmt02055650
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01834920
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt044723
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0233488
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01305901
IRS990/TotalFunctionalExpensesGrp/TotalAmt01584112
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt074948
IRS990/TotalLiabilitiesEOYAmt0795130
IRS990/TotalLiabilitiesGrp/BOYAmt074948
IRS990/TotalLiabilitiesGrp/EOYAmt0795130
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0934026
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01260520
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01305901
IRS990/TotalProgramServiceRevenueAmt075522
IRS990/TotalReportableCompFromOrgAmt0124424
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt075686
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01910606
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01008974
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02055650
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt02522
IRS990/TravelGrp/TotalAmt02522
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04104 S 90TH STREET
IRS990/USAddress/CityNm0OMAHA
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd068127

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