Civic Intelligence

Three Roots Capital

990 • Fiscal year 2019 • EIN 62-1624472

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

Organization ProfileWWW.3ROOTSCAPITAL.ORG

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12640 Kingston PikeKnoxville, TN 37934

(865) 220-1716

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.99x

Higher debt load relative to assets than 92% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

99th percentile

49.78x

Higher debt load relative to revenue than 99% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Net Margin

78th percentile

19%

Higher net margin than 78% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

25th percentile

$217,785

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 13.0% of source-year revenue.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Asset Growth

90th percentile

27%

Faster asset growth than 90% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

94th percentile

71%

Faster revenue growth than 94% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$84,026,259

Up $17,883,065 (+27%) from 2018

Net Assets

Up

$885,884

Up $316,536 (+56%) from 2018

Liabilities

Up

$83,140,375

Up $17,566,529 (+27%) from 2018

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin78th percentile

Revenue

Up

$1,670,160

Up $691,050 (+71%) from 2018

Expenses

Up

$1,353,624

Up $509,339 (+60%) from 2018

Net Income

Up

$316,536

Up $181,711 (+135%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

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

$200M$150M$100M$50M$0Assets 2011: $3,367,054Liabilities 2011: $1,240,796Net Assets 2011: $2,126,2582011Assets 2012: $3,091,183Liabilities 2012: $1,257,539Net Assets 2012: $1,833,6442012Assets 2013: $2,136,978Liabilities 2013: $369,909Net Assets 2013: $1,767,0692013Assets 2014: $1,712,218Liabilities 2014: $245,594Net Assets 2014: $1,466,6242014Assets 2015: $1,570,665Liabilities 2015: $233,674Net Assets 2015: $1,336,9912015Assets 2016: $15,520,488Liabilities 2016: $15,143,392Net Assets 2016: $377,0962016Assets 2017: $51,274,510Liabilities 2017: $50,839,987Net Assets 2017: $434,5232017Assets 2018: $66,143,194Liabilities 2018: $65,573,846Net Assets 2018: $569,3482018Assets 2019: $84,026,259Liabilities 2019: $83,140,375Net Assets 2019: $885,8842019Assets 2020: $86,877,405Liabilities 2020: $85,373,489Net Assets 2020: $1,503,9162020Assets 2021: $108,470,074Liabilities 2021: $105,253,502Net Assets 2021: $3,216,5722021Assets 2022: $128,659,022Liabilities 2022: $123,707,474Net Assets 2022: $4,951,5482022Assets 2023: $176,294,267Liabilities 2023: $169,744,249Net Assets 2023: $6,550,0182023Assets 2024: $190,127,014Liabilities 2024: $180,662,322Net Assets 2024: $9,464,6922024

Highlighted filing

2019

Assets$84,026,259
Liabilities$83,140,375
Net Assets$885,884
Open 2019 Filing

Operations Trend

Revenue Growth94th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $2,975,6982011Expenses 2012: $2,298,1772012Revenue 2013: $2,803,204Expenses 2013: $2,871,896Net Income 2013: -$68,6922013Revenue 2014: $1,640,385Expenses 2014: $1,940,410Net Income 2014: -$300,0252014Revenue 2015: $1,629,386Expenses 2015: $1,758,683Net Income 2015: -$129,2972015Revenue 2016: -$80,969Expenses 2016: $878,926Net Income 2016: -$959,8952016Revenue 2017: $718,192Expenses 2017: $660,765Net Income 2017: $57,4272017Revenue 2018: $979,110Expenses 2018: $844,285Net Income 2018: $134,8252018Revenue 2019: $1,670,160Expenses 2019: $1,353,624Net Income 2019: $316,5362019Revenue 2020: $1,855,157Expenses 2020: $1,237,125Net Income 2020: $618,0322020Revenue 2021: $3,110,198Expenses 2021: $1,397,542Net Income 2021: $1,712,6562021Revenue 2022: $3,463,266Expenses 2022: $1,728,290Net Income 2022: $1,734,9762022Revenue 2023: $3,754,391Expenses 2023: $2,155,921Net Income 2023: $1,598,4702023Revenue 2024: $6,836,645Expenses 2024: $3,921,971Net Income 2024: $2,914,6742024

Highlighted filing

2019

Revenue$1,670,160
Expenses$1,353,624
Net Income$316,536
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$1,670,160
Mission and Program Overview

Mission

Community development in east tennessee and southern appalachiathrough access to capital and job creation.

Access to capital and advisory services that create successful outcomes for clients and partners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$25,514,738$39,793,339▲ $14,278,601
Savings and Temporary Cash Investments$506,766$615,395▲ $108,629
Prepaid Expenses and Deferred Charges$17,704$13,496▼ $4,208
Land, Buildings, and Equipment, Net$14,473$8,550▼ $5,923
Total Assets$66,143,194$84,026,259▲ $17,883,065
Other Assets Total$40,089,513$43,595,479▲ $3,505,966
Liabilities
Mortgage Notes Payable Secured by Investment Property$65,411,868$82,882,483▲ $17,470,615
Deferred Revenue$71,314$172,306▲ $100,992
Accounts Payable and Accrued Expenses$90,664$85,586▼ $5,078
Total Liabilities$65,573,846$83,140,375▲ $17,566,529
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$467,186$885,884▲ $418,698
Net Assets With Donor Restrictions$102,162$0▼ $102,162
Total Net Assets Fund Balance$569,348$885,884▲ $316,536
Total Liabilities and Net Assets / Fund Balance$66,143,194$84,026,259▲ $17,883,065

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,501$31,167$35,668
Leasehold Improvements$4,049$9,806$13,855
Other Assets Org$5,435--
Compensation and Service Providers
Top Officer Pay25th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Grady VanderhoofvenPresident & CEOFT$155,996$61,789$217,785
Chris MillerCFOFT$136,458$43,247$179,705

Board Members and Trustees

NameTitle
David BradshawChairman
Fred TompkinsDirector
L Ray MoncriefDirector
Roger KigerDirector Thru 4/26/2019
Revenue and Support

Revenue Composition

Contributions and Grants
$244,001
Program Service Revenue
$1,416,188
Investment Income
$0
Other Revenue
$9,971
All Other Contributions
$244,001
Change in Net Assets
$316,536

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,670,160
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,670,160
Total Revenue per Form 990
$1,670,160
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$704,253
Other Expenses$649,371
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$118,073$163,054-$281,127
Current Officers, Directors, Trustees, and Key Employees$113,443$156,659-$270,102
Occupancy$42,144$58,200-$100,344
Other Employee Benefits$38,634$53,352-$91,986
Fees for Services Accounting$17,964$52,084-$70,048
Payroll Taxes$17,684$24,421-$42,105
Insurance$17,040$23,532-$40,572
Office Expenses$11,058$15,830-$26,888
Advertising$1,716$24,551-$26,267
Pension Plan Contributions$7,952$10,981-$18,933
Travel$5,615$7,754-$13,369
Information Technology$1,208$7,503-$8,711
Depreciation Depletion$2,488$3,435-$5,923
Other Expenses$1,901$2,626-$4,527
Fees for Services Other$1,260$1,740-$3,000
Fees for Services Legal-$500-$500
Total Functional Expenses$739,766$613,858$0$1,353,624

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,353,624
Total Expenses per Audited Statements$1,353,624
Total Expenses per Form 990$1,353,624
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Outdoor Venture CorporationRay Moncrief, Director, Is Also a Board Member at Outdoor Venture Corp.THE ORGANIZATION HAS TWO OUTSTANDING NOTES RECEIVABLE WITH OUTDOOR VENTURE CORPORATION, ONE OF WHICH ORIGINATED IN 2014, AND ONE OF WHICH ORIGINATED IN 2016. MONCRIEF WAS A DIRECTOR OF OUTDOOR VENTURE CORP SEVERAL YEARS PRIOR TO THE NOTE ISSUANCE AND BECAME A DIRECTOR OF THREE ROOTS IN 2018. THEREFORE, MONCRIEF WAS NOT A DIRECTOR OF BOTH ORGANIZATIONS WHEN THE NOTES WERE ISSUED. THE TRANSACTIONS ARE AT ARM'S LENGTH AND FAIR MARKET VALUE.No$1,500,674
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
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The data for form 990 is assembled by the chief financial officer and the 990 forms are completed with the assistance of an independent cpa in conjunction with the annual audit of the financial statements. The completed form is reviewed by the president and chief executive officer. The 990 tax form is subsequently reviewed by the board of directors.”

Form 990, Part VI, Section B, Line 12C

“Upon entering service and then annually thereafter, questionnaires are distributed to board members, officers, key employees and senior managers related to the organization's conflict of interest policies. Responses are reviewed by the board of directors; management then prepares financial statement disclosures as appropriate. In the event of potential conflicts the person recuses themselves from both discussions and votes on any matter where a conflict exists.”

Form 990, Part VI, Section B, Line 15

“Three roots capital utilizes a compensation committee comprised of independent board members, which reviews and approves the compensation of the ceo/president. The ceo/president review and approve the compensation of all other officers and employees of the corporation. Each package is reviewed in conjunction with a job description and performance review. Outside consultants and comparative compensation data may be utilized regarding specific issues when/if appropriate, as determined by the board of directors. Minutes of meetings and documentation of compensation packages are maintained.”

Form 990, Part VI, Section C, Line 19

“Three roots capital makes its organizing documents and policy statements available upon request. Financial statements are presented regularly to various internal committees and the full board. The board consists of community members.”

Filing and Contact Details

Filer

Filer Name
Three Roots Capital
EIN
62-1624472
Phone
8652201716
Address
12640 KINGSTON PIKE, KNOXVILLE, TN 37934

Signing Officer

Name
Chris Miller
Title
CFO
Phone
8652201716
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Miller
Formed
1995
Legal Domicile
Tn
Voting Board Members
4
Independent Board Members
4
Employees
6
Volunteers
4

Preparer

Firm
Elliott Davis Llcpllc
Address
629 MARKET STREET SUITE 100, CHATTANOOGA, TN 37402
Preparer
Eric Myers
Phone
4237567100
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“There has been no significant or material change from prior years.”

Financial Statement Notes

PART X, LINE 2:

“The organization is exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code and relevant state regulations. Accordingly, income tax expense is limited to the activities that are deemed by the internal revenue service to be unrelated to the organization's exempt purpose.”

Raw XML AppendixShowing 400 of 492 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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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CEO
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IRS990/OtherExpensesGrp/TotalAmt26535
IRS990/OtherExpensesGrp/TotalAmt34527
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISC INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt09971
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt09971
IRS990/OtherRevenueTotalAmt09971
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0163054
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0118073
IRS990/OtherSalariesAndWagesGrp/TotalAmt0281127
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt025514738
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt039793339
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt024421
IRS990/PayrollTaxesGrp/ProgramServicesAmt017684
IRS990/PayrollTaxesGrp/TotalAmt042105
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt010981
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt07952
IRS990/PensionPlanContributionsGrp/TotalAmt018933
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt017704
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013496
IRS990/PrincipalOfficerNm0CHRIS MILLER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
IRS990/ProgramServiceRevenueGrp/Desc0LOAN PROGRAM
IRS990/ProgramServiceRevenueGrp/Desc1ADVISORY & EQUITY CAPI
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01338429
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt177759
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01338429
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt177759
IRS990/ProgSrvcAccomActy2Grp/Desc0ADVISORY SERVICES - THREE ROOTS CAPITAL PROVIDES ADVISORY SERVICES TO CLIENT COMPANIES AND COMMUNITY PARTNERS THROUGH TECHNICAL ASSISTANCE, MENTORSHIP, COACHING, AND OTHER ENGAGEMENT ACTIVITIES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt036988
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt075750
IRS990/ProgSrvcAccomActy3Grp/Desc0CAPITAL SERVICES - THREE ROOTS CAPITAL PROVIDES PROFESSIONAL SERVICES TO IMPACT-FOCUSED AND COMMUNITY DEVELOPMENT FOCUSED PRIVATE EQUITY AND VENTURE CAPITAL FUNDS. THIS ACTIVIITY INCLUDES ADMINISTRATION, BUSINESS DEVELOPMENT, COMPLIANCE, DUE DILIGENCE, PORTFOLIO MANAGEMENT, AND REPORTING.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt07398
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt02009
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0309778
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-162
IRS990/PYOtherExpensesAmt0331147
IRS990/PYOtherRevenueAmt014388
IRS990/PYProgramServiceRevenueAmt0655106
IRS990/PYRevenuesLessExpensesAmt0134825
IRS990/PYSalariesCompEmpBnftPaidAmt0513138
IRS990/PYTotalExpensesAmt0844285
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0979110
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0316536
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01338429
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0506766
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0615395
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0244001
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0309778
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0344621
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0140121
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0509885
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01548406
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0362
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0296695
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0297057
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03529487
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt09971
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt014388
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0840
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt015823
IRS990ScheduleA/OtherIncome170Grp/TotalAmt041022
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.73900
IRS990ScheduleA/PublicSupportPY170Pct00.82150
IRS990ScheduleA/PublicSupportTotal170Amt01394136
IRS990ScheduleA/SubstantialContributorsTotAmt0154270
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0244001
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0309778
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0344621
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0140121
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0509885
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01548406
IRS990ScheduleA/TotalSupportAmt01886485
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/EquipmentGrp/BookValueAmt04501
IRS990ScheduleD/EquipmentGrp/DepreciationAmt031167
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt035668
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01353624
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt04049
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt09806
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt013855
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt043590044
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt15435
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED CASH
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CONTRACTS RECEIVABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01670160
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND RELEVANT STATE REGULATIONS. ACCORDINGLY, INCOME TAX EXPENSE IS LIMITED TO THE ACTIVITIES THAT ARE DEEMED BY THE INTERNAL REVENUE SERVICE TO BE UNRELATED TO THE ORGANIZATION'S EXEMPT PURPOSE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08550
IRS990ScheduleD/TotalBookValueOtherAssetsAmt043595479
IRS990ScheduleD/TotalExpensesPerForm990Amt01353624
IRS990ScheduleD/TotalRevenuePerForm990Amt01670160
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01670160
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01353624
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd01
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0155996
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1136458
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount041165
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount137085
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt06220
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt15234
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt012000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt02404
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt1928
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0GRADY VANDERHOOFVEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1CHRIS MILLER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0217785
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1179705
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THREE ROOTS CAPITAL UTILIZES A COMPENSATION COMMITTEE COMPRISED OF INDEPENDENT BOARD MEMBERS, WHICH REVIEWS AND APPROVES THE COMPENSATION OF THE CEO/PRESIDENT.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS A PERFORMANCE COMPENSATION PLAN.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 6
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0OUTDOOR VENTURE CORPORATION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0RAY MONCRIEF, DIRECTOR, IS ALSO A BOARD MEMBER AT OUTDOOR VENTURE CORP.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt01500674
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0THE ORGANIZATION HAS TWO OUTSTANDING NOTES RECEIVABLE WITH OUTDOOR VENTURE CORPORATION, ONE OF WHICH ORIGINATED IN 2014, AND ONE OF WHICH ORIGINATED IN 2016. MONCRIEF WAS A DIRECTOR OF OUTDOOR VENTURE CORP SEVERAL YEARS PRIOR TO THE NOTE ISSUANCE AND BECAME A DIRECTOR OF THREE ROOTS IN 2018. THEREFORE, MONCRIEF WAS NOT A DIRECTOR OF BOTH ORGANIZATIONS WHEN THE NOTES WERE ISSUED. THE TRANSACTIONS ARE AT ARM'S LENGTH AND FAIR MARKET VALUE.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE DATA FOR FORM 990 IS ASSEMBLED BY THE CHIEF FINANCIAL OFFICER AND THE 990 FORMS ARE COMPLETED WITH THE ASSISTANCE OF AN INDEPENDENT CPA IN CONJUNCTION WITH THE ANNUAL AUDIT OF THE FINANCIAL STATEMENTS. THE COMPLETED FORM IS REVIEWED BY THE PRESIDENT AND CHIEF EXECUTIVE OFFICER. THE 990 TAX FORM IS SUBSEQUENTLY REVIEWED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON ENTERING SERVICE AND THEN ANNUALLY THEREAFTER, QUESTIONNAIRES ARE DISTRIBUTED TO BOARD MEMBERS, OFFICERS, KEY EMPLOYEES AND SENIOR MANAGERS RELATED TO THE ORGANIZATION'S CONFLICT OF INTEREST POLICIES. RESPONSES ARE REVIEWED BY THE BOARD OF DIRECTORS; MANAGEMENT THEN PREPARES FINANCIAL STATEMENT DISCLOSURES AS APPROPRIATE. IN THE EVENT OF POTENTIAL CONFLICTS THE PERSON RECUSES THEMSELVES FROM BOTH DISCUSSIONS AND VOTES ON ANY MATTER WHERE A CONFLICT EXISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THREE ROOTS CAPITAL UTILIZES A COMPENSATION COMMITTEE COMPRISED OF INDEPENDENT BOARD MEMBERS, WHICH REVIEWS AND APPROVES THE COMPENSATION OF THE CEO/PRESIDENT. THE CEO/PRESIDENT REVIEW AND APPROVE THE COMPENSATION OF ALL OTHER OFFICERS AND EMPLOYEES OF THE CORPORATION. EACH PACKAGE IS REVIEWED IN CONJUNCTION WITH A JOB DESCRIPTION AND PERFORMANCE REVIEW. OUTSIDE CONSULTANTS AND COMPARATIVE COMPENSATION DATA MAY BE UTILIZED REGARDING SPECIFIC ISSUES WHEN/IF APPROPRIATE, AS DETERMINED BY THE BOARD OF DIRECTORS. MINUTES OF MEETINGS AND DOCUMENTATION OF COMPENSATION PACKAGES ARE MAINTAINED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THREE ROOTS CAPITAL MAKES ITS ORGANIZING DOCUMENTS AND POLICY STATEMENTS AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE PRESENTED REGULARLY TO VARIOUS INTERNAL COMMITTEES AND THE FULL BOARD. THE BOARD CONSISTS OF COMMUNITY MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE HAS BEEN NO SIGNIFICANT OR MATERIAL CHANGE FROM PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$84,026,259
Liabilities
$83,140,375
Net assets
$885,884
Revenue
$1,670,160
Expenses
$1,353,624
Net income
$316,536
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$190$181$9.46$6.84$3.92$2.91
2023Summary only. Only limited summary data is available for this year.$176$170$6.55$3.75$2.16$1.60
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$129$124$4.95$3.46$1.73$1.73
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$108$105$3.22$3.11$1.40$1.71
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$86.9$85.4$1.50$1.86$1.24$0.62
2019Detailed filing. Detailed filing data is available for this year.$84.0$83.1$0.89$1.67$1.35$0.32
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$66.1$65.6$0.57$0.98$0.84$0.13
2017Summary only. Only limited summary data is available for this year.$51.3$50.8$0.43$0.72$0.66$0.06
2016Summary only. Only limited summary data is available for this year.$15.5$15.1$0.38$0.08$0.88$0.96
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.57$0.23$1.34$1.63$1.76$0.13
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.71$0.25$1.47$1.64$1.94$0.30
2013Detailed filing. Detailed filing data is available for this year.$2.14$0.37$1.77$2.80$2.87$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.09$1.26$1.83$2.30
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.37$1.24$2.13$2.98