Roote Foundation
- Assets
- $335.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- San Francisco, CA
- Founding
- Data as of
- 12/2023
- EIN
- 87-1792423
Organization Overview
Roote Foundation is located in San Francisco, CA. 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. Roote Foundation 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 12/2023, Roote Foundation generated $19.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (49.5%) each year. All expenses for the organization totaled $145.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO CO-CREATE THE WISDOM AGE. WE'RE ACCELERATING THE PERSONAL AND COLLECTIVE TRANSFORMATION NECESSARY FOR HUMANITY'S TRANSITION TO THE WISDOM AGE-A WORLD OF NETWORKED ABUNDANCE WITH PEOPLE WHO HAVE HOLISTIC UNDERSTANDING AND ETHICS.
Describe the Organization's Program Activity:
Part 3
PROJECTS: ROOTE PROJECTS CREATED A VARIETY OF EXPERIMENTS TO USE TECHNOLOGY FOR GOOD. ONE PROJECT, TWEETSCAPE, CREATED OPEN-SOURCE SOFTWARE TO CURATE A BETTER TWITTER FEED. ANOTHER PROJECT, CIVIC ABUNDANCE, CREATED A DASHBOARD TO HELP CITIES TRACK AND PREDICT THEIR MOST IMPORTANT METRICS. IN 2022, ROOTE ALSO GRANTED $13,311 TO CELIUM, A WEB3 PROJECT HELPING DISTRIBUTED AUTONOMOUS ORGANIZATIONS (DAOS) TRACK THEIR DECENTRALIZATION METRICS.
GENERAL PROGRAM: GENERAL PROGRAM FUNDS WERE PRIMARILY USED TO FUND RHYS LINDMARK AND BRENDON WONG'S TIME IN HELPING START INITIATIVES, HIRE EMPLOYEES, AND GUIDE ROOTE PROJECTS AND THE ROOTE FELLOWSHIP.
EDUCATION: THE ROOTE FELLOWSHIP IS A 10-WEEK PROGRAM TO GIVE FRONTIER PEOPLE FRAMEWORKS FOR A BETTER FUTURE AND THE AGENCY TO BUILD IT. WE RAN ROOTE FELLOWSHIP #5 OVER THE SUMMER WITH AROUND 15 FELLOWS, WHO WENT ON TO CREATE PROJECTS TO STEWARD THE OPEN KNOWLEDGE COMMONS, SCIENCE COMMUNICATION FOR AI SAFETY, DIVERSITY FOR DAOS, AND MORE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rhys Lindmark Executive Director | 40 | $81,723 | |
Stephanie Bachar Secretary & Treasurer | 1 | $0 | |
Taylor Want Board Member | 1 | $0 | |
Sophia Roman Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,039 |
| Total Program Service Revenue | $1,014 |
| Membership dues | $0 |
| Investment income | $10,290 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $3,000 |
| Total Revenue | $19,343 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $116,624 |
| Professional fees and other payments to independent contractors | $9,609 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,549 |
| Total expenses | $145,093 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $237,517 |
| Other assets | $0 |
| Total assets | $335,020 |
| Total liabilities | $70 |
| Net assets or fund balances | $334,950 |