Rooted School Inc
- Assets
- $1.1m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 22
- Location
- Indianapolis, IN
- Founding
- 02/2020
- Data as of
- 06/2022
- EIN
- 83-3795565
Organization Overview
Rooted School Inc is located in Indianapolis, IN. The organization was established in 2020. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Rooted School Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rooted School 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 06/2022, Rooted School Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE EXIST TO PROVIDE OUR STUDENTS PERSONAL PATHWAYS TO FINANCIAL FREEDOM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
70% OF STUDENTS IMPROVED THEIR GROWTH SCORE IN ELA BY 2+ YEARS.
45% OF 9TH GRADE AND 34% OF 10TH GRADE GREW ON THE PSAT MATH ASSESSMENT FROM FALL TO SPRING.
71% OF STUDENTS IN 9TH AND 10TH GRADES RECEIVED TECH CERTIFICATIONS.
52% OF 9TH GRADE AND 53% OF 10TH GRADE GREW ON THE PSAT FROM FALL TO SPRING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Murphy Board Chair | OfficerTrustee | 1 | $0 |
Terri Anderson Treasurer | OfficerTrustee | 1 | $0 |
Taffanee Keys Member | Trustee | 1 | $0 |
Devin Howard Member | Trustee | 1 | $0 |
Chuong Nguyen Member | Trustee | 1 | $0 |
Lamont Hatcher Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $135,491 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,291,328 |
| All other contributions, gifts, grants, and similar amounts not included above | $223,921 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,650,740 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,713,101 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $135,000 |
| Compensation of current officers, directors, key employees. | $31,950 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $583,849 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $69,647 |
| Payroll taxes | $57,808 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,588 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $94,151 |
| Advertising and promotion | $45,149 |
| Office expenses | $62,630 |
| Information technology | $72,975 |
| Royalties | $0 |
| Occupancy | $85,484 |
| Travel | $34,211 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,198 |
| Insurance | $14,979 |
| All other expenses | $6,630 |
| Total functional expenses | $1,626,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $903,054 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $169,623 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $53,202 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,125,879 |
| Accounts payable and accrued expenses | $482,792 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $45,600 |
| Other liabilities | $0 |
| Total liabilities | $528,392 |
| Net assets without donor restrictions | $597,487 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,125,879 |