Rooted Alliance Inc
- Assets
- $3.5m
- Revenue
- $408.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 02/2019
- Data as of
- 12/2022
- EIN
- 83-0574010
Organization Overview
Rooted Alliance Inc is located in Chicago, IL. The organization was established in 2019. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rooted Alliance Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Rooted Alliance Inc generated $408.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (40.7%) each year. All expenses for the organization totaled $7.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Rooted Alliance Inc has awarded 74 individual grants totaling $21,672,985. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Byron D Trott Director | 0.5 | $0 | |
William R Bush Director | 0.2 | $0 | |
Dan H Jester Director | 0.2 | $0 | |
Noa A Meyer Director / President | 0.2 | $0 | |
Michael E Burns Treasurer | 0.2 | $0 | |
Lisa Macdougall Vice President & Secretary | 30 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cicero Research | 12/30/22 | $857,000 |
Watershed Advisors | 12/30/22 | $570,517 |
Quarles And Brady | 12/30/22 | $74,050 |
Attain Consulting Group Llc | 12/30/22 | $54,896 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $408,333 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $50 |
| Total Revenue | $408,383 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $119,255 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $49,999 |
| Printing and publications | $0 |
| Other expenses | $138,883 |
| Total operating and administrative expenses | $2,222,916 |
| Contributions, gifts, grants paid | $4,964,517 |
| Total expenses and disbursements | $7,187,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,365,041 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $100,000 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $28,152 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,493,193 |
| Accounts payable and accrued expenses | $512,764 |
| Grants payable | $2,154,038 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $7,500,000 |
| Other liabilities | $0 |
| Total liabilities | $10,166,802 |
Grants Awarded
Over the last fiscal year, Rooted Alliance Inc has awarded $6,930,899 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
OZARKS TECHNICAL COMMUNITY COLLEGE PURPOSE: TO PROVIDE POSTSECONDARY ADVISING FOR STUDENTS IN SELECT HIGH SCHOOLS ACROSS SOUTHWEST MISSOURI AND FOR MANAGEMENT OF THE MPAI INITIATIVE SERVING STUDENTS ACROSS THE STATE OF MISSOURI. | $814,979 |
OZARKS TECHNICAL COMMUNITY COLLEGE PURPOSE: TO PROVIDE POSTSECONDARY ADVISING FOR STUDENTS IN SELECT HIGH SCHOOLS ACROSS SOUTHWEST MISSOURI AND FOR MANAGEMENT OF THE MPAI INITIATIVE SERVING STUDENTS ACROSS THE STATE OF MISSOURI. | $573,416 |
COMMUNITIES FOUNDATION OF TEXAS PURPOSE: TO PROVIDE POSTSECONDARY ADVISING FOR HIGH SCHOOL STUDENTS IN SCHOOLS THAT HAVE BEEN SELECTED FOR THE TEXAS RURAL CCMR ACCELERATOR AND TO ADMINISTER THE ACCELERATOR INITIATIVE. | $700,689 |
EDUCATION TO EMPLOYMENT PARTNERS PURPOSE: TO PROVIDE POSTSECONDARY ADVISING FOR RURAL HIGH SCHOOL STUDENTS IN THE COASTAL BEND OF TEXAS | $305,326 |
EDUCATION TO EMPLOYMENT PARTNERS PURPOSE: TO PROVIDE POSTSECONDARY ADVISING FOR RURAL HIGH SCHOOL STUDENTS IN THE COASTAL BEND OF TEXAS | $230,090 |
AYERS FOUNDATION PURPOSE: TO PROVIDE POSTSECONDARY ADVISING FOR RURAL HIGH SCHOOL STUDENTS IN TENNESSEE, AND UNION AND CLINTON HIGH SCHOOLS IN MISSOURI | $374,998 |