Overview
What is Three Roots Capital?
Three Roots Capital is a nonprofit organization situated in Knoxville, Tennessee, specifically at 12640 Kingston Pike, 37934. Their primary focus is providing loans and investments to companies and projects in underserved and distressed areas of East Tennessee and broader Southern and Central Appalachia. Beyond financial assistance, they ensure that the organizations they support demonstrate a meaningful, positive impact on their communities. This often involves fostering job creation in small businesses, improving commercial real estate projects, or developing affordable housing. In addition to financial aid, Three Roots Capital offers business coaching to help their clients and partners achieve successful outcomes. By promoting community development through access to capital and job creation, Three Roots Capital is dedicated to making a difference in Tennessee and Appalachia.
Official website here: www.3rootscapital.org
Is Three Roots Capital legitimate?
Three Roots Capital is a legitimate nonprofit organization registered as a 501(c)(3) entity. Three Roots Capital 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: $352,852
Professional Fundraising Fees: $0
Other Salaries and Wages: $367,254
For more financial information, click here
Official website here: www.3rootscapital.org
What is the mission statement of Three Roots Capital?
Three Roots Capital is committed to promoting community development through various initiatives. Their primary focus is on providing access to capital and creating job opportunities. They achieve this by investing in qualified companies and projects in underserved and distressed areas. The investments are not only financial but also aim to create a positive impact on the community. This is typically seen in job-creating small businesses, place-making commercial real estate projects, or affordable housing initiatives. The organization's mission is to contribute to the betterment of the community, thereby fostering economic growth and development.
Official website here: www.3rootscapital.org
Who is the CEO of Three Roots Capital?
Chris Miller is the President & Ceo of Three Roots Capital. The CEO's salary of Three Roots Capital is $338,825 and their total compensation is $380,979.
Official website here: www.3rootscapital.org
What is the revenue of Three Roots Capital?
Who are the executives of Three Roots Capital and what are their salaries?
The average compensation at Three Roots Capital during 2022 was $120,018. There are 6 employees and 4 volunteers at Three Roots Capital.
Here are 7 key members and their salaries (Three Roots Capital's CEO's salary is $338,825 and their total compensation is $380,979):
- Grady Vanderhoofven (President & Ceo) [Trustee/Director]
- Chris Miller (Treasurer/Secretary)
- Dennis Corley (Business Development)
- L Ray Moncrief (Director)
- Fred Tompkins (Director)
- Marianne Wanamaker (Director)
- David Bradshaw (Chairman) [Trustee/Director]
Official website here: www.3rootscapital.org
Where can I find the form 990 for Three Roots Capital?
The Three Roots Capital’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.3rootscapital.org
Learn more at the official website: www.3rootscapital.org
Mission Statement of Three Roots Capital
Three Roots Capital, as a community development organization, strives to achieve its mission in Tennessee and Appalachia by providing access to capital and fostering job creation. The nonprofit offers loan and investment programs to qualified companies and projects located in underserved and distressed areas. Beyond satisfying underwriting requirements, these companies and projects must demonstrate a measurable positive impact on their communities, often through the creation of small businesses, place-making commercial real estate projects, or affordable housing. In essence, Three Roots Capital aims to drive economic growth and improve livelihoods in underprivileged areas by investing in businesses and projects that contribute positively to their communities.
Impact
This information is meant to be a general summary of Three Roots Capital. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Three Roots Capital's impact is seen through its provision of access to capital and business coaching that lead to successful outcomes for its clients and partners. Through its loan and investment programs, Three Roots Capital supports qualified companies and projects in underserved and distressed areas of East Tennessee and broader Southern and Central Appalachia. In addition to meeting underwriting requirements, these companies and projects must demonstrate a measurable positive community impact or outcome. Three Roots Capital's activities primarily focus on job creating small businesses, place-making commercial real estate projects, and affordable housing, furthering its mission of community development in Tennessee and Appalachia.
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 PROGRAM
Revenue
$2,276,248
Organization Details
Founding Year
1995
Phone
(865) 220-1710
Principal Officer
Chris Miller
Main Address
12640 KINGSTON PIKE, KNOXVILLE, TN, 37934
Website
www.3rootscapital.org
NTEE Category
Code: S30 - Community improvement
If you are a representative of Three Roots Capital and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.