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Nonprofiteer
← ROOT CAPITAL INC

Form 990 for tax year 2023

Filed by ROOT CAPITAL INC.

Totals

Total revenue
$29,107,606
Total expenses
$32,505,312
Contributions and grants received
$16,524,600
Grants paid
$1,209,782
Program service revenue
$10,208,026
Investment income
$2,374,980
Other revenue
$0
Total assets, end of year
$120,379,681
Total liabilities, end of year
$51,179,578
Net assets or fund balances, end of year
$69,200,103
Program services expenses (Part IX)
$23,860,262
Management and general expenses
$7,811,456
Fundraising expenses
$833,594
Program service expenses (Part III)
$23,860,262

Program services were 73.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ANA ZACAPA

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • GRANT GUND

    BOARD MEMBER (THROUGH MAY 2023)

    Total calculated
    $0
    Hours/week
    1

  • JAN-MAARTEN MULDER

    BOARD MEMBER (THROUGH MAY 2023)

    Total calculated
    $0
    Hours/week
    1

  • MARY BARTON DOCK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LINDSAY BOLGER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARISSA WESELY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KEN BARTELS

    BOARD MEMBER (THROUGH 12/30/23)

    Total calculated
    $0
    Hours/week
    1

  • MARIO FERNANDEZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SALAH GOSS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MACANI TOUNGARA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SOPHIE ROMANA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SCOTT AMERO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • HANS MUZOORA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • FLEUR BOOS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PHILIP BROWN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JEHIEL OLIVER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAMES RICHARDSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM FOOTE

    CEO & FOUNDER

    Total calculated
    $418,663
    From this org
    $404,242
    From related orgs
    $0
    Other
    $14,421
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $384,940
    Bonus
    $19,302
    Other
    $0
    Deferred
    $11,421
    Nontaxable benefits
    $3,000
    Filer's total
    $418,663

  • BRYAN WOLINER

    CFO & TREASURER

    Total calculated
    $298,326
    From this org
    $267,964
    From related orgs
    $0
    Other
    $30,362
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $256,100
    Bonus
    $11,864
    Other
    $0
    Deferred
    $10,606
    Nontaxable benefits
    $19,756
    Filer's total
    $298,326

  • MARLI PORTH

    CHIEF OF STAFF/CLERK

    Total calculated
    $170,440
    From this org
    $144,663
    From related orgs
    $0
    Other
    $25,777
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,663
    Bonus
    $5,000
    Other
    $0
    Deferred
    $6,021
    Nontaxable benefits
    $19,756
    Filer's total
    $170,440

  • FRANCES REID

    COO & PRESIDENT

    Total calculated
    $332,232
    From this org
    $311,546
    From related orgs
    $0
    Other
    $20,686
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $306,546
    Bonus
    $5,000
    Other
    $0
    Deferred
    $12,495
    Nontaxable benefits
    $8,191
    Filer's total
    $332,232

  • SCOTT MCDONALD

    CHIEF EXTERNAL AFFAIRS OFFICER

    Total calculated
    $314,555
    From this org
    $294,676
    From related orgs
    $0
    Other
    $19,879
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $289,676
    Bonus
    $5,000
    Other
    $0
    Deferred
    $11,688
    Nontaxable benefits
    $8,191
    Filer's total
    $314,555

  • ALEXANDRA TUINSTRA

    CHIEF STRATEGY OFFICER

    Total calculated
    $220,820
    From this org
    $209,027
    From related orgs
    $0
    Other
    $11,793
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,027
    Bonus
    $5,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,793
    Filer's total
    $220,820

  • DARCY SALINGER

    CHIEF CREDIT OFFICER

    Total calculated
    $277,794
    From this org
    $259,857
    From related orgs
    $0
    Other
    $17,937
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $254,857
    Bonus
    $5,000
    Other
    $0
    Deferred
    $10,427
    Nontaxable benefits
    $7,510
    Filer's total
    $277,794

  • JEAN FORRESTER

    CONTROLLER & VP INVESTOR RELATIONS

    Total calculated
    $250,845
    From this org
    $221,585
    From related orgs
    $0
    Other
    $29,260
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $216,585
    Bonus
    $5,000
    Other
    $0
    Deferred
    $9,238
    Nontaxable benefits
    $20,022
    Filer's total
    $250,845

  • BENJAMIN WITKOP

    SR. DIR., GLOBAL LENDING/INNOVATION

    Total calculated
    $197,268
    From this org
    $173,798
    From related orgs
    $0
    Other
    $23,470
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,255
    Bonus
    $9,543
    Other
    $0
    Deferred
    $7,027
    Nontaxable benefits
    $16,443
    Filer's total
    $197,268

  • ANGELA PROSEK

    SR. DIR., INST. PHILATHROPY/PARTNERS

    Total calculated
    $209,530
    From this org
    $179,590
    From related orgs
    $0
    Other
    $29,940
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,717
    Bonus
    $9,873
    Other
    $0
    Deferred
    $7,522
    Nontaxable benefits
    $22,418
    Filer's total
    $209,530

  • MAUREEN MCGREGOR

    SR. DIR., MARKETING/COMMUNICATIONS

    Total calculated
    $198,271
    From this org
    $174,488
    From related orgs
    $0
    Other
    $23,783
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,488
    Bonus
    $5,000
    Other
    $0
    Deferred
    $4,447
    Nontaxable benefits
    $19,336
    Filer's total
    $198,271

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
ANY NON-FIXED BONUS PAYMENTS ARE APPROVED BY THE PRESIDENT AND COO. THE CEO'S BONUS IS APPROVED BY THE BOARD OF DIRECTORS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • ROOT CAPITAL MEXICO AC

    PROGRAM SUPPORT · MX · controlled entity

    Directly controlled by ROOT CAPITAL INC

  • ASOCIACION ACCDER

    PROGRAM SUPPORT · PE · controlled entity

    Directly controlled by ROOT CAPITAL INC

Provenance

Return type
form_990
Tax year
2023
Filed
18 October 2024
IRS schema version
2023v5.1
Source object
202432979349302053

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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