NonprofitsRoot Capital Inc

International, Foreign Affairs & National Security

Root Capital Inc

CAMBRIDGE, MA

Total revenue

$23.8M

Total expenses

$37.1M

Net assets

$55.6M

Grants received

$59.2M

122 grants

EIN

043478123

Tax year

2024

Mission

To grow rural prosperity and build the resilience of farming families around the world.

Programs

2 programs

Advise: root capital's advisory services program provides targeted training to current and prospective clients in topics such as financial management, governance, agronomic capacity, digital business intelligence, climate resilience, gender equity, and more. Root capital's financial advisory services are designed to prepare businesses with growth potential to qualify for credit, to shepherd more prospective clients into our portfolio, and to mitigate the risk of lending to these businesses.root capital's advisory services program provides financial training to clients prior to receiving a loan and during the life of the loan as needed.though financial management training is the core offering of the organization's advisory program, root capital also provides complementary non-financial advisory services to help businesses overcome different challenges and position them for greater impact.

Expenses: $8.1MGrants: $1.3M

Catalyze: root capital seeks to catalyze a thriving financial market to support historically underserved rural small and growing businesses. The program's strategy is to:1. Innovate - conduct r&d, study impact at the household and business levels, and look for ways to increase impact.2. Accelerate - share learning from work with like-minded peers to build common standards and practices necessary for the industry to thrive and scale.through industry associations root capital plays a leadership role in building the enabling environment for rural small and growing business finance.as a non-profit committed to alleviating rural poverty, root capital seeks to maximize the positive social and environmental impact of our work. Economic, community, and environmental sustainability are all part of our core values.economic sustainability - root capital clients link small-scale farmers to markets that can offer higher and more stable prices than they have historically received. Root capital clients also generate employment including managers, accountants, agricultural extension staff, drivers, and workers at processing plants.community sustainability - farmer associations encourage participatory decision-making and are a source of community ownership and pride, making traditional agricultural activities more viable. Social impact includes stabilizing incomes in rural communities and creating new economic opportunities for women, indigenous peoples and other marginalized groups.

Expenses: $3.0M

Financials

FY 2024

Revenue

Contributions & grants$11.6M
Program service revenue$9.6M
Investment income$2.6M
Other revenue
Total revenue$23.8M

Expenses

Grants paid$1.3M
Salaries & benefits$19.7M
Fundraising$1.1M
Other expenses$16.1M
Total expenses$37.1M
Total assets$117.9M
Net assets$55.6M

People

29 listed

NameRoleCompensation

WILLIAM FOOTE

CEO & FOUNDER

Board

$386K

40 hrs/wk

FRANCES REID

COO & PRESIDENT (THRU JULY 2024)

Board

$348K

40 hrs/wk

BRYAN WOLINER

CFO & TREASURER

Board

$264K

40 hrs/wk

ALICE BURKE

GENERAL COUNSEL

Board

$226K

40 hrs/wk

MARLI PORTH

CHIEF OF STAFF/CLERK

Board

$148K

40 hrs/wk

JEHIEL OLIVER

BOARD MEMBER

Board

1 hrs/wk

JAMES RICHARDSON

BOARD MEMBER

Board

1 hrs/wk

ANA ZACAPA

CHAIR

Board

1 hrs/wk

EDUARDO BRICENO

BOARD MEMBER (SINCE SEPT 2024)

Board

1 hrs/wk

DANA FRANCOIS

BOARD MEMBER (SINCE SEPT 2024)

Board

1 hrs/wk

MARIA TERESA VILLANUEVA

BOARD MEMBER (SINCE MARCH 2024)

Board

1 hrs/wk

MARY BARTON DOCK

BOARD MEMBER (THRU MAY 2024)

Board

1 hrs/wk

LINDSAY BOLGER

BOARD MEMBER

Board

1 hrs/wk

MARISSA WESELY

BOARD MEMBER

Board

1 hrs/wk

MARIO FERNANDEZ

BOARD MEMBER

Board

1 hrs/wk

SALAH GOSS

BOARD MEMBER

Board

1 hrs/wk

SOPHIE ROMANA

BOARD MEMBER

Board

1 hrs/wk

MACANI TOUNGARA

BOARD MEMBER

Board

1 hrs/wk

SCOTT AMERO

BOARD MEMBER

Board

1 hrs/wk

HANS MUZOORA

BOARD MEMBER

Board

1 hrs/wk

FLEUR BOOS

BOARD MEMBER

Board

1 hrs/wk

PHILIP BROWN

BOARD MEMBER

Board

1 hrs/wk

SCOTT MCDONALD THRU DEC 2024

CHIEF EXTERNAL AFFAIRS OFFICER

Staff

$299K

40 hrs/wk

DARCY SALINGER

CHIEF CREDIT OFFICER (THRU DEC 2024)

Staff

$262K

40 hrs/wk

ALEXANDRA TUINSTRA

CHIEF STRATEGY OFFICER

Staff

$233K

40 hrs/wk

JEAN FORRESTER

CONTROLLER & VP INVESTOR RELATIONS

Staff

$230K

40 hrs/wk

SOLEDAD VILLARRUEL

CHIEF HUMAN RESOURCES OFFICER

Staff

$209K

40 hrs/wk

ROBBIE WITKOP

LENDING ANALYST

Staff

$183K

40 hrs/wk

MAUREEN MCGREGOR THRU DEC 2024

SR. DIR., MARKETING/COMMUNICATIONS

Staff

$174K

40 hrs/wk

Independent contractors

CBIZ ADVISORS LLC

ACCOUNTING SERVICES

$156K

SOFIA BENSOFIA GURGI

TRANSLATION SERVICES

$129K

Grants received

Showing 122 of 122

FromAmountPurposeYear
$1.5M
Program and Project Support
2024
$450K
WAI EVOLUTION & INNOVATION GRANT
2024
$175K
TO PROVIDE GENERAL SUPPORT
2024
$65K
International Development
2024
$40K
UNRESTRICTED
2024
$25K
COMMUNITY DEVELOPMENT
2024
$15K
GENERAL SUPPORT
2024
$15K
CHARITABLE GIFT
2024
$10K
INTERNATIONAL ECONOMIC DEVELOPMENT
2024
$6K
COMMUNITY DEVEL
2024
$5K
GENERAL SUPPORT
2024
$1.5M
PROGRAM & PROJECT SUPPORT
2023
$1M
GENERAL SUPPORT TO ROOT CAPITAL'S WORK IN PROVIDING FINANCING AND TECHNICAL ASSISTANCE TO SMALL AND GROWING AGRICULTURAL BUSINESSES IN DEVELOPING ECONOMIES.
2023
$800K
To support expanding access to capital for gender inclusive agri-SGBs
2023
$500K
TO HELP FURTHER CHARITABLE PURPOSES OF ORGANIZATION.
2023
$450K
WAI EVOLUTION & INNOVATION GRANT
2023
$257K
INTERNATIONAL, FOREIGN AFFAIRS
2023
$250K
WOMEN IN AGRICULTURE 2019-2021 BUSINESS PLAN
2023
$200K
GENERAL OPERATING SUPPORT
2023
$200K
TO HELP FURTHER CHARITABLE PURPOSE OF ORGANIZATION
2023
$200K
For grant recipient's exempt purposes
2023
$175K
TO PROVIDE GENERAL SUPPORT.
2023
$80K
TOWARDS INVESTING AND ADVANCING EFFORTS FOR DATA GOVERNANCE POLICIES AND PRACTICES TO MAXIMIZE OPPORTUNITIES AND PROTECT ROOT CAPITAL FROM RISKS DURING A PERIOD OF SIGNIFICANT GROWTH.
2023
$80K
TOWARDS INVESTING AND ADVANCING EFFORTS FOR DATA GOVERNANCE POLICIES AND PRACTICES TO MAXIMIZE OPPORTUNITIES AND PROTECT ROOT CAPITAL FROM RISKS DURING A PERIOD OF SIGNIFICANT GROWTH.
2023
$65K
International Development
2023
$50K
UNRESTRICTED
2023
$10K
INTERNATIONAL ECONOMIC DEVELOPMENT
2023
$10K
Futhering the mission of the Org
2023
$10K
Futhering the mission of the Org
2023
$7K
PUBLIC, SOCIETAL BENEFIT
2023
$6K
COMMUNITY DEVEL
2023
$5K
GENERAL SUPPORT
2023
$5K
UNRESTRICTED GIFT
2023
$2.8M
PEOPLE IN SUPPLY CHAINS
2022
$1.5M
Program Support
2022
$1M
GENERAL SUPPORT TO ROOT CAPITAL'S WORK PROVIDING FINANCING AND ADVISORY SERVICES TO SMALL AND GROWING AGRICULTURAL BUSINESSES IN THE GLOBAL SOUTH
2022
$900K
To support expanding access to capital for gender inclusive agri-SGBs
2022
$750K
WOMEN IN AGRICULTURE 2019-2021 BUSINESS PLAN
2022
$500K
TO HELP FURTHER CHARITABLE PURPOSES OF ORGANIZATION.
2022
$231K
For grant recipient's exempt purposes
2022
$200K
TO HELP FURTHER CHARITABLE PURPOSE OF ORGANIZATION
2022
$175K
TO PROVIDE GENERAL SUPPORT
2022
$120K
TOWARDS INVESTING AND ADVANCING EFFORTS FOR DATA GOVERNANCE POLICIES AND PRACTICES TO MAXIMIZE OPPORTUNITIES AND PROTECT ROOT CAPITAL FROM RISKS DURING A PERIOD OF SIGNIFICANT GROWTH.
2022
$100K
FOOD/NUTRITION/AGRICULTURE
2022
$100K
INVESTS IN THE GROWTH OF AGRICULTURAL ENTERPRISES SO THEY CAN TRANSFORM RURAL COMMUNITIES
2022
$75K
International Development
2022
$43K
EASTERN DRC
2022
$10K
PUBLIC, SOCIETAL BENEFIT
2022
$5K
UNRESTRICTED GIFT
2022
$5K
GENERAL SUPPORT
2022
$250
ASSIST 501(C)(3) ORGANIZATION
2022
$25.0M
PUBLIC, SOCIETAL BENEFIT
2021
$800K
To support expanding access to capital for gender inclusive agri-SGBs
2021
$500K
GENERAL SUPPORT
2021
$380K
For grant recipient's exempt purposes
2021
$380K
For grant recipient's exempt purposes
2021
$300K
TO HELP FURTHER CHARITABLE PURPOSE OF ORGANIZATION
2021
$300K
TO HELP FURTHER CHARITABLE PURPOSES OF ORGANIZATION.
2021
$200K
GENERAL OPERATING SUPPORT
2021
$20K
GENERAL
2021
$18K
MEXICO SUSTAINABLE LANDSCAPE VENTURES
2021
$16K
INTERNATIONAL, FOREIGN AFFAIRS
2021
$3K
GENERAL OPERATING BUDGET
2021
$2K
CHARITABLE DONATION
2021
$2.2M
PEOPLE IN SUPPLY CHAINS
2020
$1.3M
GENERAL SUPPORT
2020
$1.3M
GENERAL SUPPORT
2020
$1.2M
financial inclusion
2020
$1.1M
COMMUNITY DEVELOPMENT/ECONOMIC EMPOWERMENT
2020
$1M
IN SUPPORT OF THE WOMEN IN AGRICULTURE 2019-2021 BUSINESS PLAN
2020
$1M
IN SUPPORT OF THE WOMEN IN AGRICULTURE 2019-2021 BUSINESS PLAN
2020
$600K
GENERAL SUPPORT
2020
$525K
General & Unrestricted
2020
$293K
For grant recipient's exempt purposes
2020
$200K
GENERAL OPERATING SUPPORT
2020
$200K
GENERAL SUPPORT
2020
$150K
WORKING TOWARDS A RESILIENT AND EQUITABLE FOOD SYSTEM
2020
$124K
IN SUPPORT OF COVID-19 RESPONSE FOR GEG RECIPIENTS IN PERU
2020
$124K
IN SUPPORT OF COVID-19 RESPONSE FOR GEG RECIPIENTS IN PERU
2020
$100K
COMMUNITY & HUMAN SERVICES
2020
$100K
TO HELP FURTHER CHARITABLE PURPOSE OF ORGANIZATION
2020
$66K
UNRESTRICTED GENERAL
2020
$53K
International Development
2020
$30K
TO UNLOCK OPPORTUNITY, ROOT CAPITAL INVESTS IN THE GROWTH OF AGRICULTURAL ENTERPRISES SO THEY CAN TRANSFORM RURAL COMMUNITIES. THESE BUSINESSES PURCHASE CROPS SUCH AS COFFEE, COCOA, OR GRAINS FROM THOUSANDS OF SMALLHOLDER FARMERS. THEY CONNECT MEMBERS TO MARKETS AND HELP IMPROVE FARMING PRACTICES. WITH GROWTH, THESE BUSINESSES BECOME ENGINES OF IMPACT THAT CAN RAISE INCOMES AND CREATE JOBS, EMPOWER WOMEN AND YOUNG PEOPLE, SUSTAIN PEACE, AND PRESERVE VULNERABLE ECOSYSTEMS.
2020
$15K
GENERAL OPERATING SUPPORT
2020
$15K
GENERAL OPERATING SUPPORT
2020
$10K
UNRESTRICTED GIFT
2020
$10K
TO PROVIDE GENERAL OPERATING SUPPORT.
2020
$10K
GENERAL OPERATING SUPPORT
2020
$9K
TO UNLOCK OPPORTUNITY, ROOT CAPITAL INVESTS IN THE GROWTH OF AGRICULTURAL ENTERPRISES SO THEY CAN TRANSFORM RURAL COMMUNITIES.
2020
$8K
PUBLIC, SOCIETAL BENEFIT
2020
$7K
INTERNATIONAL, FOREIGN AFFAIRS
2020
$6K
CHARITABLE DONATION
2020
$5K
General & Unrestricted
2020
$5K
GENERAL SUPPORT
2020
$3K
GENERAL FUND
2020
$3K
General Purpose
2020
$350
FOR GENERAL PURPOSES
2020
$762K
For grant recipient's exempt purposes
2019
$125K
UNRESTRICTED GENERAL
2019
$25K
COMMUNITY & HUMAN SERVICES
2019
$18K
EXEMPT PURPOSE
2019
$10K
COMMUNITY OUTREACH & ENRICHMENT PROGRAMS
2019
$8K
INTERNATIONAL, FOREIGN AFFAIRS
2019
$5K
INTERNATIONAL
2019
$472K
For grant recipient's exempt purposes
2018
$100K
TO HELP FURTHER CHARITABLE PURPOSE OF ORGANIZATION
2018
$50K
PROGRAM/OPERATING SUPPORT
2018
$25K
GENERAL CHARITABLE PURPOSE OF THE ORGANIZATION
2018
$20K
Grant for work in Latin America
2018
$75
Matching Grant
2018
$720K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017
$25K
INTERNATIONAL RELIEF
2017
$16K
INTERNATIONAL/FOREIGN AFFAIRS
2017

Funded by

$59.2M from 54 funders · 122 grants · 2017–2024

National Philanthropic Trust

$25.0M · 5 grants · 2019–2023

Eagle Foundation

$5.6M · 4 grants · 2020–2024

Wal-Mart Foundation

$5.0M · 2 grants · 2020–2022

The Ezrah Charitable Trust

$4.6M · 4 grants · 2020–2023

Wagner Foundation

$4.1M · 8 grants · 2020–2024

Fidelity Investments Charitable Gift Fund

$3.4M · 8 grants · 2017–2023

Visa Foundation

$2.5M · 3 grants · 2021–2023

Gordon And Llura Gund Foundation

$1.3M · 3 grants · 2021–2023

Details

EIN043478123
NTEE codeQ123
Subsection03
Ruling date2001-03
Formed1999
Employees78
Volunteers17
ROOT CAPITAL INC — Mission, Financials & Grants Received | Grantivo