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Root Capital

Root Capital

Cambridge, MA 02142
Tax ID04-3478123

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About this organization

Revenue

$22,275,720

Expenses

$23,083,477

Website

rootcapital.org

Mission

Root Capital invests in the growth of agricultural enterprises so they can transform rural communities. These businesses purchase crops such as coffee, cocoa, or nuts from smallholder farmers. With growth, they become engines of impact that can raise incomes, create jobs, empower women and young people, and preserve vulnerable ecosystems.

About

Root Capital provides agricultural businesses with a unique combination of capital, training and access to global markets to help them grow. These core activities comprise a three-prong strategy: finance, advise, catalyze. Please refer to the organization's website for further information and statistics on program accomplishments. Finance: Root Capital typically provides loans ranging from $50,000 to $3 million to rural small and growing businesses, especially those businesses not currently reached by commercial lenders.

Interesting data from their 2020 990 filing

In the filing, the mission of the non-profit is noted as “Root capital seeks to increase incomes and stabilize employment for farmers in africa, south-east asia, and latin america. root capital does this through a proven channel: support for agricultural businesses that collect and market the crops of thousands of farmers.”.

When referring to its responsibilities, they were outlined as: “A non-profit organization that helps increase income and stability for rural farmers disconnected from the formal economy.”.

  • The state in which the non-profit is legally registered to operate is MA, as per legal records.
  • The filing documents the non-profit's address in 2020 as 130 Bishop Allen Drive 2nd Floor, Cambridge, MA, 021393309.
  • According to the non-profit's form, they have 69 employees on their payroll as of 2020.
  • The non-profit has loans as of 2020.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Provides credit counseling.
  • Has foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is -$807,757.
  • The CEO remuneration plan within the organization is subject to review and approval by an independent source.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has a foreign financial account.
  • The organization has 14 independent voting members.
  • The organization was formed in 1999.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule J.
  • The organization is required to file Schedule O.
  • The organization pays $8,569,288 in salary, compensation, and benefits to its employees.
  • The organization pays $922,406 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization's financial statements were reviewed by an accountant.

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