Square Roots Community Partnership Inc
- Assets
- $37.8m
- Revenue
- $17.7m
- Investments
- $26.1m
- Employees
- 0
- Location
- Kennett Square, PA
- Founding
- Data as of
- 12/2023
- EIN
- 86-3857890
Organization Overview
Square Roots Community Partnership Inc, operating under the name Square Roots Community Initiatives, is located in Kennett Square, PA. Square Roots Community Initiatives is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Square Roots Community Initiatives generated $17.7m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 23.3% each year . All expenses for the organization totaled $168.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Square Roots Community Initiatives has awarded 11 individual grants totaling $233,958. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO UNDERTAKE PROGRAMS AND ACTIVITIES THAT WILL BENEFIT THE CIVIC AND COMMON WELFARE OF SMALL COMMUNITIES IN AMERICA, STARTING WITH KENNETT SQUARE, PENNSYLVANIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO UNDERTAKE PROGRAMS AND ACTIVITIES THAT WILL BENEFIT THE CIVIC AND COMMON WELFARE OF SMALL COMMUNITIES IN AMERICA, STARTING WITH KENNETT SQUARE, PENNSYLVANIA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stepanie Almanza President | OfficerTrustee | 1 | $0 |
Luke Zubrod Secretary | OfficerTrustee | 2 | $0 |
Jose Sabastro Vice President | OfficerTrustee | 1 | $0 |
Alison Deangelo Treasurer | Officer | 2 | $0 |
Michael Depaolo Manager | 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 | $14,846,000 |
| Noncash contributions included in lines 1a–1f | $14,846,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,846,000 |
| Total Program Service Revenue | $0 |
| Investment income | $1,847,785 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $977,215 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,671,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $105,958 |
| 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. | $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 | $0 |
| Fees for services: Legal | $46,754 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,067 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,990 |
| 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 | $2,058 |
| All other expenses | $0 |
| Total functional expenses | $168,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $936,738 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $26,078,482 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,751,260 |
| Total assets | $37,766,481 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $37,766,481 |
| Total liabilities and net assets/fund balances | $37,766,481 |
Grants Awarded
Over the last fiscal year, Square Roots Community Partnership Inc has awarded $85,958 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
KENNETT AREA TRAILS ALLIANCE PURPOSE: GENERAL OPERATIONAL FUNDS | $6,000 |
VOICES UNDERGROUND PURPOSE: GENERAL OPERATIONAL FUNDS | $6,000 |
BOROUGH OF KENNETT SQUARE PURPOSE: TO ASSIST IN HIRING GRANT CONSULTANT | $48,000 |
UNITED WAY OF SOUTHERN CHESTER COUNTY PURPOSE: GENERAL OPERATIONAL FUNDS | $20,000 |
CASA GUANAJUATO PURPOSE: GENERAL OPERATIONAL FUNDS | $5,958 |