Civic Intelligence

4 Roots Foundation Inc

990 • Fiscal year 2023 • EIN 47-4062821

Oct 01, 2022 to Sep 30, 2023 • Filed on Aug 15, 2024

210 N Park AveWinter Park, FL 32789

(407) 687-4344

Siviq Scores

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

Liabilities / Assets

55th percentile

0.23x

Higher debt load relative to assets than 55% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

82nd percentile

1.19x

Higher debt load relative to revenue than 82% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

82nd percentile

29%

Higher net margin than 82% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

50th percentile

$181,345

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

14th percentile

-5.2%

Faster asset growth than 14% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

3rd percentile

-70%

Faster revenue growth than 3% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Down

$18,531,638

Down $1,022,575 (-5.2%) from 2022

Net Assets

Up

$14,279,690

Up $1,021,605 (+7.7%) from 2022

Liabilities

Down

$4,251,948

Down $2,044,180 (-32%) from 2022

Revenue

Down

$3,559,847

Down $8,424,079 (-70%) from 2022

Expenses

Down

$2,539,090

Down $121,024 (-4.5%) from 2022

Net Income

Down

$1,020,757

Down $8,303,055 (-89%) from 2022

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2015: $160,800Liabilities 2015: $0Net Assets 2015: $160,8002015Assets 2016: $395,590Liabilities 2016: $5,108Net Assets 2016: $390,4822016Assets 2017: $468,188Liabilities 2017: $11Net Assets 2017: $468,1772017Assets 2018: $964,304Liabilities 2018: $25,855Net Assets 2018: $938,4492018Assets 2019: $356,886Liabilities 2019: $325,552Net Assets 2019: $31,3342019Assets 2020: $2,046,762Liabilities 2020: $717,517Net Assets 2020: $1,329,2452020Assets 2021: $4,527,448Liabilities 2021: $588,982Net Assets 2021: $3,938,4662021Assets 2022: $19,554,213Liabilities 2022: $6,296,128Net Assets 2022: $13,258,0852022Assets 2023: $18,531,638Liabilities 2023: $4,251,948Net Assets 2023: $14,279,6902023Assets 2024: $23,425,463Liabilities 2024: $3,126,537Net Assets 2024: $20,298,9262024

Highlighted filing

2023

Assets$18,531,638
Liabilities$4,251,948
Net Assets$14,279,690

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2015: $223,204Expenses 2015: $62,404Net Income 2015: $160,8002015Revenue 2016: $636,498Expenses 2016: $406,816Net Income 2016: $229,6822016Revenue 2017: $748,876Expenses 2017: $671,181Net Income 2017: $77,6952017Revenue 2018: $948,798Expenses 2018: $478,526Net Income 2018: $470,2722018Revenue 2019: $750,778Expenses 2019: $1,631,246Net Income 2019: -$880,4682019Revenue 2020: $4,530,463Expenses 2020: $3,235,198Net Income 2020: $1,295,2652020Revenue 2021: $4,489,948Expenses 2021: $1,881,270Net Income 2021: $2,608,6782021Revenue 2022: $11,983,926Expenses 2022: $2,660,114Net Income 2022: $9,323,8122022Revenue 2023: $3,559,847Expenses 2023: $2,539,090Net Income 2023: $1,020,7572023Revenue 2024: $10,401,236Expenses 2024: $4,754,368Net Income 2024: $5,646,8682024

Highlighted filing

2023

Revenue$3,559,847
Expenses$2,539,090
Net Income$1,020,757
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Aug 15, 2024
Return Version
2022v5.0
Gross Receipts
$4,028,172
Mission and Program Overview

Mission

The purpose of the 4r foundation is to provide philanthropic support in times of need at a moment's notice to various communities and/or individuals in need.

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$12,762,251$12,840,733▲ $78,482
Pledges and Grants Receivable$5,320,917$3,876,614▼ $1,444,303
Land, Buildings, and Equipment, Net$754,505$1,159,604▲ $405,099
Cash and Non-Interest-Bearing Accounts$577,958$455,764▼ $122,194
Intangible Assets$0$96,173▲ $96,173
Loans From Officers Directors$0$25,000▲ $25,000
Accounts Receivable$87,779$23,203▼ $64,576
Prepaid Expenses and Deferred Charges$4,336$11,962▲ $7,626
Investments in Publicly Traded Securities$9,936$10,784▲ $848
Inventories for Sale or Use$15,084$10,354▼ $4,730
Savings and Temporary Cash Investments$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Total Assets$19,554,213$18,531,638▼ $1,022,575
Other Assets Total$21,447$46,447▲ $25,000
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,801,285$2,726,992▼ $3,074,293
Accounts Payable and Accrued Expenses$476,457$1,024,851▲ $548,394
Deferred Revenue$0$365,056▲ $365,056
Other Liabilities$18,386$110,049▲ $91,663
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$6,296,128$4,251,948▼ $2,044,180
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,409,970$14,079,690▲ $1,669,720
Net Assets With Donor Restrictions$848,115$200,000▼ $648,115
Total Net Assets Fund Balance$13,258,085$14,279,690▲ $1,021,605
Total Liabilities and Net Assets / Fund Balance$19,554,213$18,531,638▼ $1,022,575

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$897,008-$897,008
Equipment$227,157$145,583$372,740
Other Land Buildings$35,439-$35,439
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Franklin Trip SnelsonGrants DirectorFT$174,757$6,588$174,757
Thomas WardExecutive DirectorFT$142,637$12,139$142,637
Monica AggarwalChief Medical OfficerFT$133,292-$133,292

Board Members and Trustees

NameTitle
John RiversCEO & Board Chairman
Demetrius SummervilleDirector
Des CummingsDirector
Fj FlynnDirector
Greg McneillDirector
Harvey MasseyDirector
Kay RawlinsDirector
Ken RobinsonDirector
Mark JonesDirector
Robert GordonDirector
Sandy HostetterDirector
Tim SeneffDirector
Tom SittemaDirector
Tony JenkinsDirector
Buddy DyerHonorary Board Memeber

Highest Paid Contractors

ContractorServicesLocationCompensation
Rcs Construction Co INCConstruction295 E HWY 50 STE 1, Clermont, FL 34711$1,878,983
Hj High Construction CoConstruction1015 W AMELIA STREET, Orlando, FL 32805$646,105
Ryan Fitzgerald ConstructionConstruction27201 BLACKWATER CT, Eustis, FL 32736$230,838
Go Green-growponics Co Law OfficeGreenhouse221 PAXTON WAY, Glastonbury, CT 06033$203,000
Little Diversifies Architechtural CConstruction615 S COLLEGE ST 1600, Charlotte, NC 28202$118,261
Revenue and Support

Revenue Composition

Contributions and Grants
$3,492,863
Program Service Revenue
$0
Investment Income
$11,629
Other Revenue
$55,355
All Other Contributions
$3,492,863
Change in Net Assets
$1,020,757
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,163,529
Other Expenses$1,101,893
Total Fundraising Expense$490,466
Grants and Similar Amounts Paid$273,668
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$251,353$448,334$146,757$846,444
Grants to Domestic Orgs$240,254--$240,254
Current Officers, Directors, Trustees, and Key Employees$46,872$83,605$27,367$157,844
Fees for Services Accounting$120,348--$120,348
Depreciation Depletion-$87,239-$87,239
Other Employee Benefits$25,186$44,925$14,706$84,817
Payroll Taxes$22,100$39,420$12,904$74,424
Advertising$70,674--$70,674
Fees for Services Other$65,836--$65,836
Travel$45,679$16,535$3,468$65,682
All Other Expenses$25,384$30,310$7,744$63,438
Insurance-$45,689-$45,689
Occupancy-$40,050-$40,050
Grants to Domestic Individuals$33,414--$33,414
Information Technology$9,632$17,181$5,624$32,437
Office Expenses$28,901--$28,901
Other Expenses$46,529$27,580$271,896$27,580
Fees for Services Legal$21,599--$21,599
Interest-$1,139-$1,139
Total Functional Expenses$1,053,761$994,863$490,466$2,539,090
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Orlando After School All-stars IncOrlando, FL501(c)(3)support children in need in Central Florida$120,000
Ucp of Central FloridaOrlando, FL501(c)(3)support children in need in Central Florida$25,000
victory cupWinter Park, FL501(c)(3)Program Support$15,000
IdignityOrlando, FL501(c)(3)support children in need in Central Florida$12,500
Cannonball Kids Cancer FoundationWinter Park, FL501(c)(3)support children in need in Central Florida$10,000
Central Florida Miracle LeagueWindermere, FL501(c)(3)Support Children in Need in Central Florida$10,000
Coalition for the Homeless of Central FlOrlando, FL501(c)(3)support children in need in Central Florida$10,000
Give Hope Foundation Inclongwood, FL501(c)(3)Support Children in Need in Central Florida$10,000
Harbor House of Central Florida IncOrlando, FL501(c)(3)Support Children in Need in Central Florida$10,000
Lovely ProjectOrlando, FL501(c)(3)Support Children in Need in Central Florida$10,000
Winter Park Day Nursery Incwinter park, FL501(c)(3)support children in need in Central Florida$10,000
Special Hearts FarmGotah, FL501(c)(3)support children in need in central florida$7,500
florida school for the deaf and blindst augustine, FL501 (c)(3)-$7,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$25,000▲ $25,000
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liabilities$110,049
Line of Credit$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 8B:

The organization does not have a committee with authority to act on behalf of the governing body.

FORM 990, PART VI, SECTION B, LINE 11:

A draft of form 990 is distributed to all board members for review before filing with the internal revneue service.

FORM 990, PART VI, SECTION B, LINE 12C:

Periodic reviews are conducted. Benefits and compensation are reviewed to determine if reasonable. Partnerships, ventures, and arrangements with managment organizations are reviewed to determine if they conform to the organization's written policies and are recorded if they reflect reasonable investment or payment for goods and services.

FORM 990, PART VI, SECTION C, LINE 19:

The organization makes its governing documents and financial statements available to the public upon request via u.s. Mail or inspection at its office.

FORM 990, PART VI, SECTION A, LINE 7A AND 7B:

The board of directors has the power to elect persons of the governing body. Governance decisions are reviewed by the board and subject to approval.

FORM 990, PART VI, SECTION B, LINE 15:

The board of directors performs a comprehensive review of comparable local area non-profit compensation packages and other market studies to determine the executive director's compensation.

Filing and Contact Details

Filer

Filer Name
The 4r Foundation Inc
EIN
47-4062821
In Care Of
% JIM BRUCE
Phone
4076874344
Address
210 N PARK AVE, WINTER PARK, FL 32789

Signing Officer

Name
Jim Bruce
Title
CFO
Phone
4076874344
Signed
2024-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Bruce
Formed
2015
Legal Domicile
Fl
Voting Board Members
15
Independent Board Members
15
Employees
54
Volunteers
444

Preparer

Firm
Withumsmithbrownpc
Address
200 S ORANGE AVESTE 1200, ORLANDO, FL 32801-3400
Preparer
Kathryn L Ennis CPA
Phone
4078491569
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 4D:

Other program service accomplishments: k-12 education: offers hands-on learning experiences that encourage students to think more deeply about where and how food is grown and inspires them to explore career paths in the food and farming industries reverse demand model: strengthens the local food economy by encouraging produce buyers to commit to purchasing produce from a network of florida farms while also generating funds back to 4roots. O-town compost: aims to reduce the amount of food waste going to orange county landfills and makes compost to support local food systems.

FORM 990, PART I, LINE 1:

The purpose of the 4R Foundation (d/b/a 4Roots) is to provide philanthropic support to various communities and/or individuals in need and to invest in food and farming initiatives that improve the health of our community.

Financial Statement Notes

FORM 990, SCHEDULE D, PART X, LINE 2:

The Foundation is a not-for-profit corporation exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. Therefore, no provision for income taxes has been included in the accompanying consolidated financial statements. Accounting principles generally accepted in the United States of America prescribe requirements for the recognition of income taxes in consolidated financial statements, and the amounts recognized are affected by income tax positions taken by the Foundation in its tax returns. The Foundation's status as an exempt organization is defined as an income tax position under these requirements. While management believes it has complied with the Internal Revenue Code, the sustainability of some income tax positions taken by the Foundation in its tax returns may be uncertain. There are minimum thresholds of likelihood that uncertain tax positions are required to meet before being recognized in the consolidated financial statements. Management does not believe that the Foundation has any material uncertain tax positions at September 30, 2023. Management analyzed its various federal and state filing positions and believes that its income tax filing positions and deductions are well documented and supported. Additionally, management believes that no accruals for tax liabilities related to uncertain income tax positions are required. Therefore, no reserves for uncertain tax positions have been recorded.

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