Civic Intelligence

Roots Fund Incorporated

990 • Fiscal year 2020 • EIN 85-2112719

Jan 01, 2020 to Dec 31, 2020 • Filed on May 11, 2021

Organization ProfileTHEROOTSFUND.ORG
596 Gracey AveMeriden, CT 06451

(703) 964-2874

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Higher debt load relative to assets than 56% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

95th percentile

75%

Higher net margin than 95% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

77th percentile

$1,320

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Balance Sheet
Liabilities / Assets56th percentile

Assets

$204,689

No earlier filing loaded for comparison.

Net Assets

$204,596

No earlier filing loaded for comparison.

Liabilities

$93

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin95th percentile

Revenue

$274,299

No earlier filing loaded for comparison.

Expenses

$69,703

No earlier filing loaded for comparison.

Net Income

$204,596

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$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

2020

Assets$204,689
Liabilities$93
Net Assets$204,596
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$274,299
Expenses$69,703
Net Income$204,596
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 11, 2021
Return Version
2020v4.0
Gross Receipts
$274,299
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$204,689-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$0$204,689▲ $204,689
Other Assets Total-$0-
Liabilities
Other Liabilities-$93-
Total Liabilities$0$93▲ $93
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$204,596-
Total Net Assets Fund Balance$0$204,596▲ $204,596
Total Liabilities and Net Assets / Fund Balance$0$204,689▲ $204,689
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Ikimi DuboseExecutive DirectorPT$1,320$1,320

Board Members and Trustees

NameTitle
Carlton Mccoy JrChairman
Tahiirah AllenDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$274,299
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$274,299
Change in Net Assets
$204,596
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$49,540
Other Expenses$18,700
Salaries, Compensation, and Employee Benefits$1,463
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$49,540--$49,540
Fees for Services Management$6,022$2,007-$8,029
Fees for Services Other$1,853$618-$2,471
Information Technology$1,595$532-$2,127
Occupancy$1,065$355-$1,420
Current Officers, Directors, Trustees, and Key Employees$660$660-$1,320
Advertising$732$244-$976
Fees for Services Accounting$596$199-$795
Payment Travel Entrtnmnt Publicly Ofcl$341$113-$454
Conferences and Meetings$188$63-$251
Office Expenses$180$60-$240
Payroll Taxes$107$36-$143
Fees for Services Legal$83$27-$110
Insurance$77$26-$103
Other Expenses$61$20-$81
Total Functional Expenses$64,332$5,371$0$69,703
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Tax Liabilities$92
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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, Line 11B: Form 990 Review Process

“1. Executive Director prepares financial statements. 2. The 990 is prepared using financial statement information. 3. The 990 is compared and reviewed against financial statement data 4. The executive director approves 990 before sharing the draft with the board. Board reviews and approves final 990 before filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Board members are required to disclose potential conflicts of interest before assuming duties and responsibilities.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Roots Fund
EIN
85-2112719
Phone
7039642874
Address
596 GRACEY AVE, MERIDEN, CT 06451

Signing Officer

Name
Ikimi Dubose
Title
Executive Director
Signed
2021-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ikimi Dubose
Formed
2019
Legal Domicile
Ct
Voting Board Members
3
Independent Board Members
3
Employees
1

Preparer

Firm
GSD Financial Services LLC
Address
905 Southgate Dr, Raleigh, NC 27610
Preparer
Darius Hinton
Phone
9193740087
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt01. Executive Director prepares financial statements. 2. The 990 is prepared using financial statement information. 3. The 990 is compared and reviewed against financial statement data 4. The executive director approves 990 before sharing the draft with the board. Board reviews and approves final 990 before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members are required to disclose potential conflicts of interest before assuming duties and responsibilities.
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05371
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt064332
IRS990/TotalFunctionalExpensesGrp/TotalAmt069703
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt093
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt093
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0204596
IRS990/TotalProgramServiceExpensesAmt064332
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt01320
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0274299
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0204689
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0596 GRACEY AVE
IRS990/USAddress/CityNm0MERIDEN
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd0064512205
IRS990/VotingMembersGoverningBodyCnt03
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IRS990/WebsiteAddressTxt0THEROOTSFUND.ORG
IRS990/WhistleblowerPolicyInd0false
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0IKIMI DUBOSE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Roots Fund
ReturnHeader/Filer/BusinessNameControlTxt0ROOT
ReturnHeader/Filer/EIN0852112719
ReturnHeader/Filer/PhoneNum07039642874
ReturnHeader/Filer/USAddress/AddressLine1Txt0596 GRACEY AVE
ReturnHeader/Filer/USAddress/CityNm0MERIDEN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0842140916
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GSD Financial Services LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0905 Southgate Dr
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Raleigh
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027610
ReturnHeader/PreparerPersonGrp/PhoneNum09193740087
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Darius Hinton
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-05-11T13:39:25-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0IKIMI
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DUBOSE
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$204,689
Liabilities
$93
Net assets
$204,596
Revenue
$274,299
Expenses
$69,703
Net income
$204,596
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