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EIN 38-3885237

New Roots Fund

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Auburn
State
Washington
Year formed
2012
Most recent tax filings
2023-12-01
NTEE code, primary
Q30: International Development, Relief Services
Description
The New Roots Fund helps refugees, asylees, and low-income individuals achieve economic self-sufficiency by providing business capital and technical assistance. The Fund continued its micro-lending programs in 2022, opening 52 Individual Development Loan Accounts ranging in size from $300 to $30,000. The portfolio shows an increase in business loans to women. Associated with the Diocese of Olympia, NRF is located in Auburn, WA.
Total revenues
$504,249
2023
Total expenses
$499,616
2023
Total assets
$946,500
2023
Num. employees
0
2023

Program areas at New Roots Fund

OVERALL PROGRAM. The New Roots Fund (NRF) helps low-income individuals, citizens and legal immigrants, to achieve economic self-sufficiency through business loans and technical business assistance. The NRF continues to run programs funded by the federal Office of Refugee Resettlement, King County, and Washington State to train refugees in business practices, support the development of business plans, and assist with capitalizing new or existing businesses through Individual Development Accounts (matched savings programs) and loans.

Personnel at New Roots Fund

NameTitleCompensation
Greg Hope~ Executive Director$0
Michael BlumsonBoard Chair$0

Financials for New Roots Fund

RevenuesFYE 12/2023
Total grants, contributions, etc.$498,992
Program services$5,235
Investment income and dividends$22
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$504,249

Form 990s for New Roots Fund

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-14990View PDF
2022-122023-11-15990View PDF
2021-122022-11-11990View PDF
2020-122021-11-15990View PDF
2019-122021-03-02990View PDF
...and 6 more Form 990s

Organizations like New Roots Fund

OrganizationLocationRevenue
Capital Sisters InternationalGolden, CO$270,735
EHA Impact VenturesWilmington, DE$160,913
Unitus LabsOrem, UT$1,201,480
The Social Enterprise FundWinter Park, FL$296,375
Iringa HopeSaint Paul, MN$169,929
Working Capital for Community Needs (WCCN)Madison, WI$1,875,363
Terrafina InternationalMyerstown, PA$1,485,420
The Microdreams FoundationNewark, NJ$441,749
Beyond Capital FundDallas, TX$534,615
Microfinancing Partners in AfricaSaint Louis, MO$1,165,797
Data update history
February 9, 2025
Posted financials
Added Form 990 for fiscal year 2023
December 29, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
October 22, 2023
Received grants
Identified 1 new grant, including a grant for $50,000 from Rockefeller Philanthropy Advisors (RPA)
June 29, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
International-focused organizationsHeadquarter / parent organizationsCharities
Issues
Foreign affairsInternational development
Characteristics
State / local levelReceives government fundingTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
515 B St Ne
Auburn, WA 98002
Metro area
Seattle-Tacoma-Bellevue, WA
County
King County, WA
Website URL
newrootsfund.org/ 
Phone
(206) 323-3152
IRS details
EIN
38-3885237
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2012
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
Q30: International Development, Relief Services
NAICS code, primary
522120: Savings Institutions
Parent/child status
Central organization
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