Overview
What is Root Capital Inc?
Root Capital Inc is a renowned nonprofit organization based in Cambridge, Massachusetts. With a team of 65 employees, they provide agricultural businesses with a unique blend of credit and capacity building. Root Capital specializes in offering loans and lines of credit to small and growing businesses that source from small-holder farmers, prioritizing those not reached by commercial lenders. Their loan offerings primarily consist of lines of credit with tenors of one to three years and term loans with maximum tenors of seven years. Root Capital's assessment process evaluates clients based on various financial, social, and environmental criteria, including supplier prices, employee wages, and working conditions, as well as soil and water management, community impact, and product handling standards. By supporting sustainable environmental practices and focusing on industries like coffee, cocoa, and certain tree nuts, Root Capital aims to grow rural prosperity and build the resilience of farming families around the world.
Official website here: www.rootcapital.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Root Capital Inc has been awarded a Four-Star rating by Charity Navigator, reflecting its strong commitment to accountability and finance. The organization demonstrates exceptional performance in financial management, with a high program expense ratio of 74.25% and a robust working capital ratio of 3.44 years. These metrics indicate that a substantial portion of its funding is directed toward its mission, reinforcing its reliability as a nonprofit.
The organization excels in leadership and culture, scoring 100% in both categories. This suggests that Root Capital maintains a strong governance structure, with 100% of its board members being independent. Additionally, the presence of a comprehensive set of policies related to conflicts of interest, whistleblower protections, and board compensation highlights its dedication to ethical practices and transparency in operations.
While the organization shows strengths in governance and financial integrity, there are no specific limitations noted in the data provided. Overall, Root Capital Inc stands out as a highly accountable and well-managed nonprofit, making it a trustworthy choice for donors looking to support impactful initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Root Capital Inc legitimate?
Root Capital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Root Capital Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,307,836
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,074,936
For more financial information, click here
Official website here: www.rootcapital.org
What is the mission statement of Root Capital Inc?
Root Capital Inc is dedicated to boosting rural prosperity and enhancing the resilience of farming families across Africa, South-East Asia, and Latin America. The organization accomplishes this objective through a proven approach: supporting agricultural businesses that act as intermediaries, purchasing and marketing crops from thousands of farmers. By providing capital, training, and access to global markets, Root Capital empowers these agricultural businesses to increase farmer incomes, improve livelihoods, and create opportunities for future generations. The organization's efforts also result in women's empowerment and ecosystem conservation.
Official website here: www.rootcapital.org
Who is the CEO of Root Capital Inc?
William F Foote is the Principal Officer of Root Capital Inc. The CEO's salary of Root Capital Inc is $309,652 and their total compensation is $324,677.
Official website here: www.rootcapital.org
What is the revenue of Root Capital Inc?
Root Capital Inc's revenue in 2022 was $52,823,176.
Official website here: www.rootcapital.org
Who are the executives of Root Capital Inc and what are their salaries?
The average compensation at Root Capital Inc during 2022 was $144,350. There are 65 employees and 16 volunteers at Root Capital Inc.
Here are 26 key members and their salaries (Root Capital Inc's CEO's salary is $309,652 and their total compensation is $324,677):
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- Compensation: $309,652
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- Other: $15,025
- Compensation: $225,908
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- Compensation: $126,091
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- Compensation: $278,219
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- Compensation: $199,335
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- Other: $28,218
- Compensation: $155,893
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- Other: $9,041
- Compensation: $159,561
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- Other: $29,292
- Compensation: $158,963
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- Other: $28,459
Official website here: www.rootcapital.org
Where can I find the form 990 for Root Capital Inc?
Root Capital Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rootcapital.org
Learn more at the official website: www.rootcapital.org
Mission Statement of Root Capital Inc
Root Capital Inc is a mission-driven organization dedicated to growing rural prosperity and building the resilience of farming families around the world. By focusing on agricultural businesses that act as intermediaries, Root Capital seeks to boost incomes and stabilize employment for thousands of farmers in Africa, South-East Asia, and Latin America.
Through a unique approach that combines capital, training, and access to global markets, Root Capital empowers these agricultural businesses to significantly increase farmer incomes. By supporting these intermediaries, Root Capital not only helps farmers sell their crops at fair prices but also offers them access to valuable training programs. This training covers essential topics such as business management, sustainable farming practices, and financial literacy, enabling farmers to improve their livelihoods and transform their communities.
Moreover, Root Capital's efforts extend beyond financial gains. By working with agricultural businesses, Root Capital empowers women in farming communities, plays a crucial role in conserving ecosystems, and creates opportunities for the next generation. Root Capital's commitment to creating sustainable solutions fosters a positive ripple effect throughout rural communities, contributing to long-term economic development and stability.
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Impact
October, 2024
Root Capital Inc significantly impacts rural prosperity and farming resilience worldwide by providing essential financial support and capacity-building services to agricultural businesses. By offering loans and lines of credit typically ranging from $50,000 to $4 million, Root Capital focuses on small and growing businesses that source from smallholder farmers, particularly those overlooked by commercial lenders. This financial assistance enables these businesses to finance the costs of purchasing and processing raw materials, thereby supporting the livelihoods of thousands of farmers.
In addition to financial support, Root Capital emphasizes social and environmental criteria in its lending practices. This includes evaluating businesses based on the prices paid to suppliers, employee wages, working conditions, and their commitment to social programs such as training and medical care. Environmental stewardship is also a priority, with support for practices that help preserve rural ecosystems through improved soil and water management.
Root Capital's mission is to increase incomes and stabilize employment for farmers in Africa, Southeast Asia, and Latin America. By bolstering agricultural businesses that aggregate and market the crops of these farmers, Root Capital helps to enhance farmer incomes, empower women, conserve ecosystems, and create opportunities for future generations. Through its work in key industries like coffee, cocoa, and tree nuts, Root Capital catalyzes positive change not only for individual farmers but for entire communities and regions.
This information is meant to be a general summary of Root Capital Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $470,959
- Program Service Revenue: $10,474,079
- Gross Receipts: $52,823,176
Assets and Liabilities:
- Total Assets: $129,626,012
- Total Liabilities: $56,492,291
- Net Assets: $73,133,721
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$5,896,738
LOAN GUARANTEES AND RECOVERIES
Revenue
$3,049,734
LOAN FEES
Revenue
$1,527,607
Organization Details
Founding Year
1999
Phone
(617) 661-5792Principal Officer
William F Foote
Main Address
245 MAIN STREET 2ND FLOOR, CAMBRIDGE, MA, 02142
Website
www.rootcapital.orgNTEE Category
Code: Q123 - International
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