Interoots Initiative
- Assets
- $160.8k
- Revenue
- $480.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 09/2019
- Data as of
- 03/2024
- EIN
- 83-1986105
Organization Overview
Interoots Initiative is located in Denver, CO. The organization was established in 2019. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Interoots Initiative 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 03/2024, Interoots Initiative generated $480.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 25.7% each year . All expenses for the organization totaled $372.4k during the year ending 03/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
INTEROOTS PARTNERSHIPS PROVIDE DEVELOPMENT SUPPORT, FUNDING, AND ACCESS TO EXPERTISE. WE WORK WITH COMMUNITIES - ON THEIR OWN TERMS - CULTIVATING SUSTAINABLE SOLUTIONS FOR SELF-IDENTIFIED NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INTEROOTS INITIATIVE PARTNERS WITH PROJECTS BOTH DOMESTICALLY AND INTERNATIONALLY. INTEROOTS WORKS WITH COMMUNITIES - ON THEIR OWN TERMS - AS THEY DEVELOP AND IMPLEMENT SUSTAINABLE SOLUTIONS FOR SELF-IDENTIFIED NEEDS. IN PURSUIT OF THIS MISSION, INTEROOTS WORKS AS A PARTNER AND FACILITATOR, ASSISTING IN THE DEVELOPMENT OF SYSTEMS OF ACCOUNTABILITY UNIQUE TO PARTNER PROJECTS, AND WORKING TO REMOVE BARRIERS BETWEEN COMMUNITIES AND THE RESOURCES THEY NEED TO ACHIEVE CHANGE. ULTIMATELY, INTEROOTS STEPS ASIDE ONCE A PROJECT IS FINANICALLY INDEPENDENT, THUS REDEFINING THE LEGACIES OF CHARITABLE GIVING. RATHER THAN DESIGNING, IMPLEMENTING AND EVALUATING PROJECTS FROM THE TOP DOWN, INTEROOTS BELIEVES THAT COMMUNITIES KNOW BEST WHAT THEY NEED, AND CAN ACCOMPLISH THESE STEPS FROM THE ROOTS UP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Kibirige PHD Chair | OfficerTrustee | 8 | $0 |
Molly Frank MD Secretary | OfficerTrustee | 8 | $0 |
Tim Harrell Treasurer | OfficerTrustee | 8 | $0 |
Tanaya Winder Board Member | Trustee | 1 | $0 |
Chloe Desmoulins Board Member | Trustee | 1 | $0 |
Yves Mulowayi Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $478,662 |
| Noncash contributions included in lines 1a–1f | $700 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $478,662 |
| Total Program Service Revenue | $0 |
| Investment income | $2 |
| 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 | $480,114 |
| 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 | $189,372 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $5,088 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,640 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,654 |
| Office expenses | $4,926 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,469 |
| All other expenses | $0 |
| Total functional expenses | $372,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $160,188 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $625 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $160,813 |
| Accounts payable and accrued expenses | $11,152 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,152 |
| Net assets without donor restrictions | $65,739 |
| Net assets with donor restrictions | $83,922 |
| 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 | $160,813 |