Civic Intelligence

Roots Fund

EIN 85-2112719 • 501(c)3 • Stamford, CT

Profile

The roots fund was created to empower communities of color by providing resources and financial support through educational scholarships, wine education, mentorship, and career placement. The roots fund is committed to investing in communities of color to provide opportunities to those seeking a career/education in all aspects of wine.

1127 High Ridge Road Suite 117Stamford, CT 06905

www.therootsfund.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

4.49x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

0.10x

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

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

28th percentile

-13%

Higher net margin than 28% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

95th percentile

$60,747

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 20.1% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

11th percentile

-95%

Faster asset growth than 11% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

13th percentile

-65%

Faster revenue growth than 13% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$6,471

Down $118,894 (-95%) from 2023

Liabilities

Down

$29,029

Down $84,924 (-75%) from 2023

Net Assets

Down

-$22,558

Down $33,970 (-298%) from 2023

Operations
Liabilities / Revenue82nd percentileNet Margin28th percentile

Revenue

Down

$302,899

Down $569,368 (-65%) from 2023

Expenses

Down

$341,699

Down $600,993 (-64%) from 2023

Net Income

Up

-$38,800

Up $31,625 (+45%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth11th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0-$100KAssets 2020: $204,689Liabilities 2020: $93Net Assets 2020: $204,5962020Assets 2021: $165,204Liabilities 2021: $37,630Net Assets 2021: $127,5742021Assets 2022: $135,421Liabilities 2022: $54,260Net Assets 2022: $81,1612022Assets 2023: $125,365Liabilities 2023: $113,953Net Assets 2023: $11,4122023Assets 2024: $6,471Liabilities 2024: $29,029Net Assets 2024: -$22,5582024

Highlighted filing

2024

Assets$6,471
Liabilities$29,029
Net Assets-$22,558
Open 2024 Filing

Operations Trend

Revenue Growth13th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2020: $274,299Expenses 2020: $69,703Net Income 2020: $204,5962020Revenue 2021: $416,741Expenses 2021: $493,763Net Income 2021: -$77,0222021Revenue 2022: $1,020,514Expenses 2022: $1,065,962Net Income 2022: -$45,4482022Revenue 2023: $872,267Expenses 2023: $942,692Net Income 2023: -$70,4252023Revenue 2024: $302,899Expenses 2024: $341,699Net Income 2024: -$38,8002024

Highlighted filing

2024

Revenue$302,899
Expenses$341,699
Net Income-$38,800
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,471
Liabilities
$29,029
Net assets
-$22,558
Revenue
$302,899
Expenses
$341,699
Net income
-$38,800
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.01$0.03$0.02$0.30$0.34$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.13$0.11$0.01$0.87$0.94$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.14$0.05$0.08$1.02$1.07$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.17$0.04$0.13$0.42$0.49$0.08
2020Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.27$0.07$0.20
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$302,899
Mission and Program Overview

Mission

The roots fund was created to empower the bipoc community in the wine industry by providing resources and financial support through educational scholarships, wine education, mentorship, and job placement. The roots fund is committed to investing in the black, indigenous & latinx wine community to provide opportunities to those seeking a career/education in all aspects of wine.

The roots fund was created to empower communities of color by providing resources and financial support through educational scholarships, wine education, mentorship, and career placement. The roots fund is committed to investing in communities of color to provide opportunities to those seeking a career/education in all aspects of wine.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$103,771--
Cash and Non-Interest-Bearing Accounts$7,591$3,767▼ $3,824
Land, Buildings, and Equipment, Net$3,006$2,704▼ $302
Other Assets Total$10,997$0▼ $10,997
Total Assets$125,365$6,471▼ $118,894
Liabilities
Other Liabilities$35,087--
Accounts Payable and Accrued Expenses$78,866$29,029▼ $49,837
Total Liabilities$113,953$29,029▼ $84,924
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$11,412$-22,558▼ $33,970
Total Net Assets Fund Balance$11,412$-22,558▼ $33,970
Total Liabilities and Net Assets / Fund Balance$125,365$6,471▼ $118,894

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,704$1,608$4,312
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleBaseTotal
Ikimi WoodsonExecutive Director$60,747$60,747

Board Members and Trustees

NameTitle
Jeremy SeyssesDirector
Santosh VargheseDirector
Michelle MichonSecretary
Carlton Mccoy JrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$302,899
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$302,899
Change in Net Assets
$-38,800
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$183,452
Grants and Similar Amounts Paid$102,068
Salaries, Compensation, and Employee Benefits$56,179
Total Fundraising Expense$21,886
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$102,068--$102,068
Current Officers, Directors, Trustees, and Key Employees-$49,557-$49,557
Occupancy-$26,326-$26,326
Advertising--$16,545$16,545
Travel-$15,409-$15,409
Fees for Services Legal-$8,799-$8,799
Insurance-$8,723-$8,723
All Other Expenses$557$4,896$1,647$7,100
Payroll Taxes-$6,622-$6,622
Interest-$5,785-$5,785
Fees for Services Other-$4,788$91$4,879
Other Expenses$31,131$3,903$3,603$3,603
Office Expenses-$3,238-$3,238
Fees for Services Accounting-$2,257-$2,257
Depreciation Depletion-$302-$302
Total Functional Expenses$179,208$140,605$21,886$341,699
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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 organization reviews form 990 before it is filed.”

Form 990, Part VI, Section C, Line 18

“No other documents available to the public.”

Form 990, Part VI, Section C, Line 19

“No other documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Roots Fund Inc
EIN
85-2112719
Phone
7186918922
Address
1127 HIGH RIDGE ROAD SUITE 117, STAMFORD, CT 06905

Signing Officer

Name
Ikimi Woodson
Title
Executive Director
Phone
7186918922
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ikimi Woodson
Formed
2019
Legal Domicile
Ct
Voting Board Members
3
Independent Board Members
3
Employees
4
Volunteers
0

Preparer

Firm
Presti & Naegele LLC
Address
225 WEST 35TH STREET 5TH FLOOR, NEW YORK, NY 10001
Preparer
Annemarie Aguanno CPA
Phone
2127360055
Raw XML Appendix356 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/ProgSrvcAccomActy2Grp/Desc0LESS THAN 25% OF PEOPLE OF COLOR HOLD PASSPORTS IN THE UNITED STATES. THIS YEAR, WE HELPED 25 SCHOLARS GAIN THEIR PASSPORTS FOR THE FIRST TIME. BEING ABLE TO TRAVEL TO EXPLORE WINE & SPIRITS CAN BE GAME-CHANGING FOR THEIR CAREER TRAJECTORY. SCHOLARS RESIDE IN THE REGION FROM 2 WEEKS TO 3 MONTHS, STUDYING CULTURE, FOOD, AND BEVERAGES LIKE THE LOCAL COMMUNITY. THE TRIPS DO PROVIDE A LEVEL OF EDUCATION THAT CAN'T BE TAUGHT IN BOOKS, BUT A LIFE LESSON THAT WILL LAST A LIFETIME.
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02704
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01608
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04312
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02704
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt033600
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIP FOR HBCU STUDENTS SEEKING A MASTER'S IN WINE & SPIRITS MANAGEMENT.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt03
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION REVIEWS FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CT
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0125365
IRS990/TotalAssetsEOYAmt06471
IRS990/TotalAssetsGrp/BOYAmt0125365
IRS990/TotalAssetsGrp/EOYAmt06471
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0302899
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt021886
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0140605
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0179208
IRS990/TotalFunctionalExpensesGrp/TotalAmt0341699
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0113953
IRS990/TotalLiabilitiesEOYAmt029029
IRS990/TotalLiabilitiesGrp/BOYAmt0113953
IRS990/TotalLiabilitiesGrp/EOYAmt029029
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt011412
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-22558
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0179208
IRS990/TotalReportableCompFromOrgAmt060747
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0302899
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0125365
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06471
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt015409
IRS990/TravelGrp/TotalAmt015409
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01127 HIGH RIDGE ROAD SUITE 117
IRS990/USAddress/CityNm0STAMFORD
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006905
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0HTTPS://WWW.THEROOTSFUND.ORG/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0IKIMI WOODSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07186918922
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ROOTS FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0ROOT
ReturnHeader/Filer/EIN0852112719
ReturnHeader/Filer/PhoneNum07186918922
ReturnHeader/Filer/USAddress/AddressLine1Txt01127 HIGH RIDGE ROAD SUITE 117
ReturnHeader/Filer/USAddress/CityNm0STAMFORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006905
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0112965470
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PRESTI & NAEGELE LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0225 WEST 35TH STREET 5TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010001
ReturnHeader/PreparerPersonGrp/PhoneNum02127360055
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANNEMARIE AGUANNO CPA
ReturnHeader/ReturnTs02025-11-17T17:02:51-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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