Capital Roots Inc
- Assets
- $6.6m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 69
- Location
- Troy, NY
- Founding
- 04/1975
- Data as of
- 12/2021
- EIN
- 14-1596291
Organization Overview
Capital Roots Inc, operating under the name Capital Roots, is located in Troy, NY. The organization was established in 1975. According to its NTEE Classification (C41) the organization is classified as: Botanical Gardens & Arboreta, under the broad grouping of Environment and related organizations. As of 12/2021, Capital Roots employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital Roots 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 12/2021, Capital Roots generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 6.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CAPITAL ROOTS, INC. IS A NOT-FOR-PROFIT ORGANIZATION THAT NOURISHES HEALTHY COMMUNITIES BY PROVIDING ACCESS TO FRESH FOOD AND GREEN SPACES FOR ALL. IT IS OUR BELIEF THAT ORGANIC GARDENING AND URBAN REVITALIZATION ACTIVITIES PROMOTE SELF SUFFICIENCY, HEALTHY LIVING, COMMUNITY ENGAGEMENT, THRIVING GREEN CITIES AND NEIGHBORHOODS, AND RESPONSIBLE STEWARDSHIP OF OUR NATURAL AND BUILT RESOURCES. CAPITAL ROOTS, INC. IS DEDICATED TO WORKING WITH PEOPLE TO CULTIVATE HEALTHY ENVIRONMENTS, DIETS AND LIFESTYLES AS DEMONSTRATED THROUGH THE MISSIONS AND ACTIVITES OF ITS VARIOUS PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS EMPOWER LOCAL RESIDENTS TO DEVELOP THEIR COMMUNITIES AND IMPROVE THE ENVIRONMENT AND THEIR QUALITY OF LIFE BY TRANSFORMING VACANT LOTS INTO PRODUCTIVE NEIGHBORHOOD GARDEN SPACES FOR BEAUTIFICATION AND FOOD PRODUCTION. THE PROGRAMS FOSTER ENVIRONMENTAL AND URBAN RENEWAL BY ASSISTING AND SUPPORTING URBAN BEAUTIFICATION PROJECTS, INCLUDING LANDSCAPING, TREE PLANTING AND EDUCATIONAL ASSISTANCE IN TECHNIQUES FOR GARDENING AND HORTICULTURE TO RESIDENTS AND THE COMMUNITY. PROGRAMS BRING AFFORDABLE PRODUCE TO LOW INCOME FAMILIES WITH NUTRITIONAL EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Klein Chief Executive Officer | Officer | 40 | $78,920 |
Ellen Flink Immediate Past President | OfficerTrustee | 1.25 | $0 |
Rachel Hye Youn Rupright President | OfficerTrustee | 1.25 | $0 |
Mark Bryant Treasurer | OfficerTrustee | 1.25 | $0 |
Nick Crounse Secretary | OfficerTrustee | 1.25 | $0 |
Anoush Koroghlian Scott Executive Vice President | OfficerTrustee | 1.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Leap Architecture Contruction | 12/30/21 | $389,128 |
Aj Rinella & Co Produce | 12/30/21 | $161,280 |
Cdphp Insurance | 12/30/21 | $158,630 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $41,577 |
| Related organizations | $0 |
| Government grants | $760,230 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,398,405 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,200,212 |
| Total Program Service Revenue | $576,707 |
| Investment income | $25,856 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $38,591 |
| Net Income from Fundraising Events | $90,667 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,944,179 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $89,740 |
| Compensation of current officers, directors, key employees. | $8,974 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $942,266 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $152,091 |
| Payroll taxes | $92,025 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,594 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,771 |
| Advertising and promotion | $12,701 |
| Office expenses | $42,971 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,369 |
| Travel | $43,056 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,454 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $117,451 |
| Insurance | $0 |
| All other expenses | $3,997 |
| Total functional expenses | $2,371,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $568,528 |
| Savings and temporary cash investments | $190,028 |
| Pledges and grants receivable | $906,493 |
| Accounts receivable, net | $88,020 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,075 |
| Net Land, buildings, and equipment | $4,439,956 |
| Investments—publicly traded securities | $421,496 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,620,596 |
| Accounts payable and accrued expenses | $394,316 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $182,411 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,990 |
| Total liabilities | $596,717 |
| Net assets without donor restrictions | $3,315,481 |
| Net assets with donor restrictions | $2,708,398 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,620,596 |
Grants Recieved
Over the last fiscal year, we have identified 37 grants that Capital Roots Inc has recieved totaling $682,725.
| Awarding Organization | Amount |
|---|---|
Regional Food Bank Of N E Ny Inc Latham, NY PURPOSE: NNY AWARD | $266,408 |
Carl E Touhey Foundation Albany, NY PURPOSE: TO NOURISH HEALTHY COMMUNITIES BY PROVIDING ACCESS TO FRESH FOOD AND GREEN SPACES FOR ALL. | $85,000 |
Mccarthy Charities Inc Troy, NY PURPOSE: UNRESTRICTED | $50,000 |
Mvp Health Plan Inc Schenectady, NY PURPOSE: HEALTHY STORES SPONSORSHIP | $35,000 |
The Community Foundation For The Greater Capital Region Inc Albany, NY PURPOSE: FOR UNRESTRICTED USE AND THE CAPITAL CAMPAIGN | $27,883 |
Daniel And Susan Pfau Charitable Foundation Pittsburgh, PA PURPOSE: PRODUCE PROJECT HOLISTIC | $25,000 |
Endowment Analysis
| Beg. Balance | $263,279 |
| Earnings | $29,659 |
| Other Expense | $40,206 |
| Ending Balance | $252,732 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Phipps Conservatory And Botanical Gardens Inc Pittsburgh, PA | $77,535,021 | $14,561,463 |
Old Westbury Gardens Inc Old Westbury, NY | $41,739,187 | $6,489,449 |
Queens Botanical Garden Society Inc Flushing, NY | $23,726,969 | $4,515,134 |
Snug Harbor Cultural Center And Botanical Garden Staten Island, NY | $4,940,757 | $4,431,802 |
Millbrook Tribute Garden Inc Millbrook, NY | $36,945,411 | $1,089,017 |
Capital Roots Inc Troy, NY | $6,620,596 | $2,944,179 |
Martin Luther King Gardens Inc Englewood, NJ | $27,810,517 | $3,628,610 |
John J Tyler Arboretum Media, PA | $14,721,113 | $3,488,444 |
Buffalo And Erie County Botanical Gardens Society Inc Buffalo, NY | $6,939,027 | $2,632,606 |
Stonecrop Gardens Inc Cold Spring, NY | $49,205,896 | $4,104,347 |
Polly Hill Arboretum Inc West Tisbury, MA | $35,257,188 | $2,310,023 |
Sonnenberg Gardens Canandaigua, NY | $1,371,330 | $1,615,371 |