Civic Intelligence

Rooted School Inc.

990 • Fiscal year 2024 • EIN 83-3795565

Jul 01, 2023 to Jun 30, 2024 • Filed on Mar 20, 2025

5750 E 30th StreetIndianapolis, IN 46218

(317) 606-3500

Siviq Scores

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

Liabilities / Assets

75th percentile

0.30x

Higher debt load relative to assets than 75% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.15x

Higher debt load relative to revenue than 61% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

27th percentile

-5.9%

Higher net margin than 27% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

78th percentile

$132,610

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

18th percentile

-6.9%

Faster asset growth than 18% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

24th percentile

-8.0%

Faster revenue growth than 24% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,408,809

Down $104,111 (-6.9%) from 2023

Net Assets

Down

$991,183

Down $165,903 (-14%) from 2023

Liabilities

Up

$417,626

Up $61,792 (+17%) from 2023

Revenue

Down

$2,819,897

Down $244,873 (-8.0%) from 2023

Expenses

Up

$2,985,800

Up $480,629 (+19%) from 2023

Net Income

Down

-$165,903

Down $725,502 (-130%) from 2023

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2021: $614,888Liabilities 2021: $104,318Net Assets 2021: $510,5702021Assets 2022: $1,125,879Liabilities 2022: $528,392Net Assets 2022: $597,4872022Assets 2023: $1,512,920Liabilities 2023: $355,834Net Assets 2023: $1,157,0862023Assets 2024: $1,408,809Liabilities 2024: $417,626Net Assets 2024: $991,1832024Assets 2025: $1,693,577Liabilities 2025: $244,592Net Assets 2025: $1,448,9852025

Highlighted filing

2024

Assets$1,408,809
Liabilities$417,626
Net Assets$991,183

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2021: $1,643,409Expenses 2021: $1,235,368Net Income 2021: $408,0412021Revenue 2022: $1,713,101Expenses 2022: $1,626,184Net Income 2022: $86,9172022Revenue 2023: $3,064,770Expenses 2023: $2,505,171Net Income 2023: $559,5992023Revenue 2024: $2,819,897Expenses 2024: $2,985,800Net Income 2024: -$165,9032024Revenue 2025: $3,543,750Expenses 2025: $3,085,948Net Income 2025: $457,8022025

Highlighted filing

2024

Revenue$2,819,897
Expenses$2,985,800
Net Income-$165,903
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 20, 2025
Return Version
2023v6.0
Gross Receipts
$2,819,897
Mission and Program Overview

Mission

We exist to provide our students personal pathways to financial freedom.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,138,673$1,121,135▼ $17,538
Land, Buildings, and Equipment, Net$49,349$82,933▲ $33,584
Pledges and Grants Receivable$118,106$44,001▼ $74,105
Total Assets$1,512,920$1,408,809▼ $104,111
Other Assets Total$206,792$160,740▼ $46,052
Liabilities
Accounts Payable and Accrued Expenses$126,826$244,024▲ $117,198
Other Liabilities$206,792$160,740▼ $46,052
Unsecured Notes Loans Payable$22,216$12,862▼ $9,354
Total Liabilities$355,834$417,626▲ $61,792
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,157,086$991,183▼ $165,903
Total Net Assets Fund Balance$1,157,086$991,183▼ $165,903
Total Liabilities and Net Assets / Fund Balance$1,512,920$1,408,809▼ $104,111

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$23,642$50,258$73,900
Other Land Buildings$59,291$8,453$67,744
Other Assets Org$160,740--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MA'AT LANDSExecutive DirectorFT$125,615$6,995$132,610

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,721,703
Program Service Revenue
$98,194
Investment Income
$0
Other Revenue
$0
All Other Contributions
$175,408
Change in Net Assets
$-165,903

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,819,897
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,819,897
Total Revenue per Form 990
$2,819,897
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,568,589
Salaries, Compensation, and Employee Benefits$1,417,211
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$499,227$654,017-$1,153,244
Fees for Services Other$417,041$176,049-$593,090
Information Technology$157,290--$157,290
Other Employee Benefits$18,871$101,608-$120,479
Office Expenses$88,416$27,653-$116,069
Current Officers, Directors, Trustees, and Key Employees$43,161$57,708-$100,869
Occupancy$86,505--$86,505
Payroll Taxes$34,393$3,181-$37,574
Travel$29,298$5,996-$35,294
Insurance-$28,701-$28,701
Fees for Services Accounting-$27,250-$27,250
Depreciation Depletion$21,860--$21,860
Other Expenses$150,411$17,226-$17,226
Advertising-$15,480-$15,480
Fees for Services Management-$9,291-$9,291
Pension Plan Contributions$1,700$3,345-$5,045
Fees for Services Legal-$3,428-$3,428
All Other Expenses$2,129$211-$2,340
Total Functional Expenses$1,828,115$1,157,685$0$2,985,800

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,985,800
Total Expenses per Audited Statements$2,985,800
Total Expenses per Form 990$2,985,800
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
Capital Lease Obligations$160,740
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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 form 990 is provided to all members of its governing body for review prior to filing.

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

Directors, officers, and employees have a duty to disclose any possible conflicts of interests. The affected individual shall refrain from voting on any issue pertaining to the matter.

Form 990, Part VI, Section B, Line 15

The board of directors compiles necessary data for a sound decision to be made around compensation for the executive director. All board members are involved in the decision-making process and the board of directors must review, discuss and vote to approve compensation for the executive director. Salaries of other key officers and key employees are determined by the executive director.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Rooted School Inc
EIN
83-3795565
Phone
3176063500
Address
5750 E 30TH STREET, INDIANAPOLIS, IN 46218

Signing Officer

Name
MA'AT LANDS
Title
Executive Director
Phone
3176063500
Signed
2025-03-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
MA'AT LANDS
Formed
2019
Legal Domicile
In
Voting Board Members
7
Independent Board Members
7
Employees
26
Volunteers
7

Preparer

Firm
Donovan Pc
Address
5151 E US HWY 36, AVON, IN 46123
Preparer
Abigail Hedges CPA
Phone
3177456411
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Instructional services: program service expenses 417,041. Management and general expenses 0. Fundraising expenses 0. Total expenses 417,041. Payroll services: program service expenses 0. Management and general expenses 6,248. Fundraising expenses 0. Total expenses 6,248. Other professional services: program service expenses 0. Management and general expenses 169,801. Fundraising expenses 0. Total expenses 169,801.

FORM 990, PART XII, LINE 2C:

The board of directors takes responsibility for oversight of the audit and selection of an independent accountant.

Financial Statement Notes

PART X, LINE 2:

The school received a determination from the u.s. Treasury department stating it qualifies under the provisions of section 501(c)(3) of the internal revenue code as a tax-exempt organization; however, the school would be subject to tax on income unrelated to its tax-exempt purpose. For the years ended june 30, 2024 and 2023, no accounting for federal and state income taxes was required to be included in the accompanying financial statements. Professional accounting standards require the school to recognize a tax liability only if it is more likely than not the tax position would not be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax liability greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax liability is recorded. The school examined this issue and determined there are no material contingent tax liabilities or questionable tax positions. Tax years ended after june 30, 2020 are open to audit for both federal and state purposes.

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IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RIGHT OF USE ASSET
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt08453
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0160740
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE OBLIGATIONS
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL RECEIVED A DETERMINATION FROM THE U.S. TREASURY DEPARTMENT STATING IT QUALIFIES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS A TAX-EXEMPT ORGANIZATION; HOWEVER, THE SCHOOL WOULD BE SUBJECT TO TAX ON INCOME UNRELATED TO ITS TAX-EXEMPT PURPOSE. FOR THE YEARS ENDED JUNE 30, 2024 AND 2023, NO ACCOUNTING FOR FEDERAL AND STATE INCOME TAXES WAS REQUIRED TO BE INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. PROFESSIONAL ACCOUNTING STANDARDS REQUIRE THE SCHOOL TO RECOGNIZE A TAX LIABILITY ONLY IF IT IS MORE LIKELY THAN NOT THE TAX POSITION WOULD NOT BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX LIABILITY GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX LIABILITY IS RECORDED. THE SCHOOL EXAMINED THIS ISSUE AND DETERMINED THERE ARE NO MATERIAL CONTINGENT TAX LIABILITIES OR QUESTIONABLE TAX POSITIONS. TAX YEARS ENDED AFTER JUNE 30, 2020 ARE OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0160740
IRS990ScheduleD/TotalExpensesPerForm990Amt02985800
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IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL POSTS ITS NON-DISCRIMINATORY POLICY ON ITS PUBLIC WEBSITE AS WELL AS INCLUDES IT IN THE STUDENT HANDBOOK.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1AS A PUBLIC CHARTER SCHOOL, THE ORGANIZATION RECEIVES FUNDING FROM THE STATE OF INDIANA AS WELL AS GRANT PROGRAMS ENACTED BY THE FEDERAL GOVERNMENT.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO ALL MEMBERS OF ITS GOVERNING BODY FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DIRECTORS, OFFICERS, AND EMPLOYEES HAVE A DUTY TO DISCLOSE ANY POSSIBLE CONFLICTS OF INTERESTS. THE AFFECTED INDIVIDUAL SHALL REFRAIN FROM VOTING ON ANY ISSUE PERTAINING TO THE MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS COMPILES NECESSARY DATA FOR A SOUND DECISION TO BE MADE AROUND COMPENSATION FOR THE EXECUTIVE DIRECTOR. ALL BOARD MEMBERS ARE INVOLVED IN THE DECISION-MAKING PROCESS AND THE BOARD OF DIRECTORS MUST REVIEW, DISCUSS AND VOTE TO APPROVE COMPENSATION FOR THE EXECUTIVE DIRECTOR. SALARIES OF OTHER KEY OFFICERS AND KEY EMPLOYEES ARE DETERMINED BY THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INSTRUCTIONAL SERVICES: PROGRAM SERVICE EXPENSES 417,041. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 417,041. PAYROLL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 6,248. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,248. OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 169,801. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 169,801.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS TAKES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
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IRS990/TerminateOperationsInd00
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IRS990/USAddress/AddressLine1Txt05750 E 30TH STREET
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IRS990/WebsiteAddressTxt0WWW.ROOTEDSCHOOLINDY.ORG
IRS990/WhistleblowerPolicyInd00
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01

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