Overview
What is Root Capital Inc?
Root Capital Inc is a renowned nonprofit organization based in Cambridge, Massachusetts. With a team of 65 employees, they provide agricultural businesses with a unique blend of credit and capacity building. Root Capital specializes in offering loans and lines of credit to small and growing businesses that source from small-holder farmers, prioritizing those not reached by commercial lenders. Their loan offerings primarily consist of lines of credit with tenors of one to three years and term loans with maximum tenors of seven years. Root Capital's assessment process evaluates clients based on various financial, social, and environmental criteria, including supplier prices, employee wages, and working conditions, as well as soil and water management, community impact, and product handling standards. By supporting sustainable environmental practices and focusing on industries like coffee, cocoa, and certain tree nuts, Root Capital aims to grow rural prosperity and build the resilience of farming families around the world.
Official website here: www.rootcapital.org
Is Root Capital Inc legitimate?
Root Capital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Root Capital Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,307,836
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,074,936
For more financial information, click here
Official website here: www.rootcapital.org
What is the mission statement of Root Capital Inc?
Root Capital Inc is dedicated to boosting rural prosperity and enhancing the resilience of farming families across Africa, South-East Asia, and Latin America. The organization accomplishes this objective through a proven approach: supporting agricultural businesses that act as intermediaries, purchasing and marketing crops from thousands of farmers. By providing capital, training, and access to global markets, Root Capital empowers these agricultural businesses to increase farmer incomes, improve livelihoods, and create opportunities for future generations. The organization's efforts also result in women's empowerment and ecosystem conservation.
Official website here: www.rootcapital.org
Who is the CEO of Root Capital Inc?
William F Foote is the Principal Officer of Root Capital Inc. The CEO's salary of Root Capital Inc is $309,652 and their total compensation is $324,677.
Official website here: www.rootcapital.org
What is the revenue of Root Capital Inc?
Who are the executives of Root Capital Inc and what are their salaries?
The average compensation at Root Capital Inc during 2022 was $144,350. There are 65 employees and 16 volunteers at Root Capital Inc.
Here are 26 key members and their salaries (Root Capital Inc's CEO's salary is $309,652 and their total compensation is $324,677):
- William Foote (Ceo & Founder)
- Frances Reid (Coo & President)
- Bryan Woliner (Cfo & Treasurer)
- Jean Forrester (Controller & Vp Investor Relations)
- Darcy Salinger (Chief Credit Officer)
- Scott Mcdonald (Chief External Affairs Officer)
- Angela Prosek (Sr. Dir., Inst. Philathropy/Partnerships)
- Gina Trieste (Chief People Officer)
- Benjamin Witkop (Sr. Dir., Global Lending/Innovation)
- Marli Porth (Chief Of Staff/Clerk)
- Ana Zacapa (Chair) [Trustee/Director]
- Jack Taylor (Vice Chair (Through March 2022)) [Trustee/Director]
- Eugene Weil (Board Member (Through March 2022)) [Trustee/Director]
- Grant Gund (Board Member) [Trustee/Director]
- Jan-Maarten Mulder (Board Member) [Trustee/Director]
- Mary Barton Dock (Board Member) [Trustee/Director]
- Cd Glin (Board Member (Through March 2022)) [Trustee/Director]
- Lindsay Bolger (Board Member) [Trustee/Director]
- Marissa Wesely (Board Member) [Trustee/Director]
- Ken Bartels (Board Member) [Trustee/Director]
- Mario Fernandez (Board Member) [Trustee/Director]
- Salah Goss (Board Member) [Trustee/Director]
- Macani Toungara (Board Member) [Trustee/Director]
- Sophie Romana (Board Member) [Trustee/Director]
- Scott Amero (Board Member) [Trustee/Director]
- Hans Muzoora (Board Member) [Trustee/Director]
Official website here: www.rootcapital.org
Where can I find the form 990 for Root Capital Inc?
The Root Capital Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.rootcapital.org
Learn more at the official website: www.rootcapital.org
Mission Statement of Root Capital Inc
Root Capital Inc is a mission-driven organization dedicated to growing rural prosperity and building the resilience of farming families around the world. By focusing on agricultural businesses that act as intermediaries, Root Capital seeks to boost incomes and stabilize employment for thousands of farmers in Africa, South-East Asia, and Latin America.
Through a unique approach that combines capital, training, and access to global markets, Root Capital empowers these agricultural businesses to significantly increase farmer incomes. By supporting these intermediaries, Root Capital not only helps farmers sell their crops at fair prices but also offers them access to valuable training programs. This training covers essential topics such as business management, sustainable farming practices, and financial literacy, enabling farmers to improve their livelihoods and transform their communities.
Moreover, Root Capital's efforts extend beyond financial gains. By working with agricultural businesses, Root Capital empowers women in farming communities, plays a crucial role in conserving ecosystems, and creates opportunities for the next generation. Root Capital's commitment to creating sustainable solutions fosters a positive ripple effect throughout rural communities, contributing to long-term economic development and stability.
Impact
This information is meant to be a general summary of Root Capital Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Root Capital Inc's impact can be seen through its mission to grow rural prosperity and build the resilience of farming families around the world. By providing agricultural businesses with a unique combination of credit and capacity building, Root Capital catalyzes positive change in the sector. The organization's focus on supporting small and growing businesses that source from smallholder farmers, particularly those not reached by commercial lenders, leads to increased incomes and stabilized employment for farmers in Africa, South-East Asia, and Latin America.
Through its tailored financial products, including lines of credit and term loans, Root Capital supports sustainable environmental practices that protect rural ecosystems. The crops processed and marketed by Root Capital clients, primarily in industries such as coffee, cocoa, and certain tree nuts, benefit from the organization's emphasis on social and environmental criteria in assessing prospective clients. This approach ensures that businesses receiving support from Root Capital meet standards related to prices paid to suppliers, employee wages, working conditions, and environmental management.
Overall, Root Capital's work empowers women, conserves ecosystems, and creates opportunities for the next generation of farmers by providing them with the resources and tools needed to thrive in the agricultural sector.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$5,896,738
LOAN GUARANTEES AND RECOVERIES
Revenue
$3,049,734
LOAN FEES
Revenue
$1,527,607
Organization Details
Founding Year
1999
Phone
(617) 661-5792
Principal Officer
William F Foote
Main Address
245 MAIN STREET 2ND FLOOR, CAMBRIDGE, MA, 02142
Website
www.rootcapital.org
NTEE Category
Code: Q12 - International
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