Grassroots Business Partners Inc
- Assets
- $4.9m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 4
- Location
- Washington, DC
- Founding
- 08/2008
- Data as of
- 06/2021
- EIN
- 26-2108051
Organization Overview
Grassroots Business Partners Inc, operating under the name Grassroots Business Fund, is located in Washington, DC. The organization was established in 2008. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2022, Grassroots Business Fund employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grassroots Business Fund 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 06/2021, Grassroots Business Fund generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $5.7m during the year ending 06/2021. While expenses have increased by 7.7% 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
OUR MISSION IS TO GROW VIABLE, SUSTAINABLE AND INCLUSIVE BUSINESSES THAT GENERATE EARNINGS OR COST SAVINGS FOR PEOPLE IN AFRICA, ASIA AND LATIN AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRASSROOTS BUSINESS FUND (GBF) IS HEAVILY INVOLVED IN BUILDING THE FIELD AROUND IMPACT INVESTING BY WORKING CLOSELY WITH PARTNER ORGANIZATIONS, PILOTING NEW INITIATIVES, AND CONTRIBUTING LESSONS LEARNED TO A BROAD AUDIENCE. AS PART OF THE PARTNERSHIP BUILDING, GBF IS A MEMBER OF NUMEROUS WORKING GROUPS INCLUDING THOSE AROUND IMPACT ASSESSMENT, THE DEVELOPMENT OF IMPACT FUNDS, AND CAREERS IN IMPACT INVESTING. AS THE ORGANIZATION GROWS, A CONTINUED EFFORT TOWARDS EXTERNAL DISSEMINATION OF INFORMATION ON THE SUCCESSES AND LESSONS LEARNED RELATING TO IMPACT INVESTING WILL BE CRITICAL FOR OUR ADVANCING OF THE FIELD.
GRASSROOTS BUSINESS FUND (GBF) WORKS WITH HIGH-IMPACT BUSINESSES (HIBS) THAT ARE TYPICALLY SMALL OR MID-SIZED BY INTERNATIONAL STANDARDS, BUT ECONOMICALLY ENGAGE LARGE NUMBERS OF THE POOR. GBP MANAGES AN INVESTMENT FUND, GRASSROOTS BUSINESS INVESTORS FUND I, LP (GBI-I). AS OF NOVEMBER 2018, GBI-I DEPLOYED ITS INVESTMENT FUNDS INTO 33 HIGH IMPACT BUSINESSES. AS OF DECEMBER 2021, THERE ARE 15 ACTIVE COMPANIES IN THE PORTFOLIO AND 18 SUCCESSFUL EXITS. TO DATE GBI-I HAS COLLECTED $34.7M OF PAYMENTS NET OF TAXES. THE AVERAGE SIZE OF INVESTMENT WAS $655K. SINCE INCEPTION, GBI-I'S S INVESTEES ARE ESTIMATED TO HAVE GENERATED $396.3 MILLION OF ECONOMIC VALUE TO 17.4 MILLION LOW-INCOME COMMUNITIES WORLDWIDE.
GBF'S CAPACITY BUILDING PROGRAMS ARE A COMBINATION OF BUSINESS ADVISORY SERVICES (BAS) FUNDED THROUGH GRANTS AND HANDS-ON MANAGEMENT SUPPORT FROM GBF STAFF AND ITS PARTNERS. THESE CAPACITY BUILDING PROGRAMS INCLUDE IMPROVEMENTS TO GOVERNANCE, GENERAL MANAGEMENT, REPORTING, MANAGEMENT INFORMATION SYSTEMS (MIS), AND BUSINESS/FINANCIAL PLANNING. THESE PROGRAMS ARE DELIVERED BY EXPERIENCED EXTERNAL CONSULTANTS, GBF STAFF, AND THROUGH OUR PARTNERSHIPS WITH OTHER LOCAL BUSINESSES. GBF'S BAS FALLS INTO SIX MAIN CATEGORIES: FINANCIAL MANAGEMENT, OPERATIONS, CORPORATE GOVERNANCE AND HUMAN CAPACITY, STRATEGY, LEGAL AND REGULATORY, AND ENVIRONMENTAL AND SOCIAL. SINCE 2008, GBF HAS ENGAGED IN 488 BUSINESS ADVISORY ASSIGNMENTS IN 83 COMPANIES THAT HAVE IMPACTED CUMULATIVELY 17.4 MILLION LOW COMMUNITIES WORLDWIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jaime Ramirez Chief Information Officer | OfficerTrustee | 40 | $128,995 |
Harold Rosen CEO | OfficerTrustee | 40 | $99,128 |
Mary Houghton Chairman Of The Board | OfficerTrustee | 1 | $0 |
Andrew Adelson Director | Trustee | 1 | $0 |
Holly Wise Director | Trustee | 1 | $0 |
Zoe Dean-Smith Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
N Cheng Co Accounting Services | 6/29/15 | $106,903 |
Grant Thornton Llp Audit | 6/29/15 | $139,149 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,208,419 |
| Investment income | $785 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,765,853 |
| Statement of Expenses | |
|---|---|
| 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. | $330,522 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $373,009 |
| Pension plan accruals and contributions | $37,083 |
| Other employee benefits | $49,368 |
| Payroll taxes | $37,814 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $162,355 |
| Fees for services: Accounting | $244,592 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,142,064 |
| Advertising and promotion | $0 |
| Office expenses | $25,600 |
| Information technology | $12,401 |
| Royalties | $0 |
| Occupancy | $55,748 |
| Travel | $7,045 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $216 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,060 |
| Insurance | $24,483 |
| All other expenses | $0 |
| Total functional expenses | $5,688,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,371,673 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $171,428 |
| Accounts receivable, net | $81,454 |
| 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 | $48,933 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,218,162 |
| Total assets | $4,894,378 |
| Accounts payable and accrued expenses | $172,086 |
| Grants payable | $7,020,000 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $215,250 |
| Total liabilities | $7,407,336 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$2,512,958 |
Grants Awarded
Over the last fiscal year, Grassroots Business Partners Inc has awarded $84,503 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NOVICA FOUNDATION PURPOSE: TECHNICAL ASSISTANCE | $30,000 |
SOKO INC PURPOSE: TECHNICAL ASSISTANCE | $54,503 |