Rooted School INC FY2024 filing

Tax-deductible

Indianapolis, IN501(c)(3)EducationEIN 83-3795565Revenue $2.8M in FY2024

On file with the IRSrootedschoolindy.org5750 E 30th St, 46218-3314 · Indianapolis, INTax-exempt since Feb 2020School — 170(b)(1)(A)(ii)

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We exist to provide our students personal pathways to financial freedom.

501(c)(3) charity; gifts are tax-deductible.
61¢ of each $1 spent went to programs.
$126K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $269K a year · 11% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$126K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $34K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$418K
30% of total assets
Looks good: liabilities are 30% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.8M
-8% vs prior year
Spent
$3.0M
To programs
61%
Net assets
$991K
By yearFY2021–FY2025
Revenue
$2.8M
FY2024▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.6M
FY2022$1.7M
FY2023$3.1M
FY2024$2.8M
FY2025$3.5M
Expenses
$3.0M
FY2024▲ +19%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.2M
FY2022$1.6M
FY2023$2.5M
FY2024$3.0M
FY2025$3.1M
Net assets
$991K
FY2024▼ -14%
Tap a bar for its year
Net assets by fiscal year
FY2021$511K
FY2022$597K
FY2023$1.2M
FY2024$991K
FY2025$1.4M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $1.8M Management & general 39% · $1.2M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $126K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$125,615Pt VII · Sec A
Board President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Ma'at Lands’s $144K as Executive Director is at the 61st percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Ma'at Lands$143,716$125,615$125,615$118,437$98,592
Bianca Baird$46,923————
Candace Carr————$12,039

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers students with personalized plans for financial independence.

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Provided by the organization

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1 program · $1.8M · in their own filed words · FY2023
01

The school served approximately 155 students in the seventh through twelfth grades during the 2023-2024 school year. 100% of middle school students took high school courses that prepared them to take dual credit college courses starting in their freshman year in high school.

$1.8Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$34K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.8M
Ln 12
Gifts and grantsLn 1h$2.7M
Fees for servicesLn 2g$98K
Money outPt IX
$3.0M
Ln 25
Programscol B$1.8M
Managementcol C$1.2M
Owns and owesPt X
$991K
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$1.4M
LiabilitiesLn 26$418K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.7M
Government grantsLn 1e$2.5M
Fees for servicesLn 2g$98K
Total revenueLn 12$2.8M
Assets in detailPt X, end of year
CashLn 1$1.1M
Cash and savings togetherLn 1–2$1.1M
Land, buildings, equipmentLn 10c$83K
Other assetsLn 15$161K
Total assetsLn 16$1.4M
LiabilitiesLn 26$418K
Net assetsLn 32$991K
OperationsPt I, VI
EmployeesI 512
VolunteersI 69
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.1M$1.1M
Land, buildings, equipmentLn 10c$49K$83K
Total assetsLn 16$1.5M$1.4M
LiabilitiesLn 26$356K$418K
Net assetsLn 32$1.2M$991K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$101K$43K$58K
Other salaries and wagesLn 7$1.2M$499K$654K
Pension plan contributionsLn 8$5K$2K$3K
Other employee benefitsLn 9$120K$19K$102K
Payroll taxesLn 10$38K$34K$3K
Management feesLn 11a$9K$9K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$27K$27K
Other fees for servicesLn 11g$593K$417K$176K
Advertising and promotionLn 12$15K$15K
Office expensesLn 13$116K$88K$28K
Information technologyLn 14$157K$157K
OccupancyLn 16$87K$87K
TravelLn 17$35K$29K$6K
Depreciation, depletion and amortizationLn 22$22K$22K
InsuranceLn 23$29K$29K
Other expenses (24a–d)Ln 24$472K$428K$44K
All other expensesLn 24e$2K$2K$211
Total functional expensesLn 25$3.0M$1.8M$1.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.5M$3.1M$458K$1.4M 990 PDF
FY2024 Viewing $2.8M$3.0M−$166K$991K 990 PDF
FY2023 $3.1M$2.5M$560K$1.2M 990 PDF
FY2022 $1.7M$1.6M$87K$597K 990 PDF
FY2021 $1.6M$1.2M$408K$511K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $2,819,897 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,015,892$2,721,703
I-9 Program service revenuePrior year $48,878$98,194
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $3,064,770$2,819,897
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,261,125$1,417,211
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,244,046$1,568,589
I-18 Total expensesPrior year $2,505,171$2,985,800
I-19 Revenue less expensesPrior year $559,599−$165,903
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,819,897 across 5 lines filed
VIII-1e Government grants$2,546,295
VIII-1f All other contributions, gifts and grants$175,408
VIII-1h Total contributions, gifts and grants$2,721,703
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $98,194$98,194
VIII-12 Total revenueRelated to mission $98,194 · Unrelated business $0 · Excluded from tax $0$2,819,897
Part IX · Statement of functional expenses $2,985,800 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $43,161 · Management $57,708$100,869
IX-7 Other salaries and wagesPrograms $499,227 · Management $654,017$1,153,244
IX-8 Pension plan contributionsPrograms $1,700 · Management $3,345$5,045
IX-9 Other employee benefitsPrograms $18,871 · Management $101,608$120,479
IX-10 Payroll taxesPrograms $34,393 · Management $3,181$37,574
IX-11a Management feesManagement $9,291$9,291
IX-11b Legal feesManagement $3,428$3,428
IX-11c Accounting feesManagement $27,250$27,250
IX-11g Other fees for servicesPrograms $417,041 · Management $176,049$593,090
IX-12 Advertising and promotionManagement $15,480$15,480
IX-13 Office expensesPrograms $88,416 · Management $27,653$116,069
IX-14 Information technologyPrograms $157,290$157,290
IX-16 OccupancyPrograms $86,505$86,505
IX-17 TravelPrograms $29,298 · Management $5,996$35,294
IX-22 Depreciation, depletion and amortizationPrograms $21,860$21,860
IX-23 InsuranceManagement $28,701$28,701
IX-24 Other expenses (24a–d)Programs $428,224 · Management $43,767$471,991
IX-24e All other expensesPrograms $2,129 · Management $211$2,340
IX-25 Total functional expensesPrograms $1,828,115 · Management $1,157,685 · Fundraising $0$2,985,800
Part X · Balance sheet $1,408,809 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,138,673$1,121,135
X-3 Pledges and grants receivableStart of year $118,106$44,001
X-10c Land, buildings and equipment, netStart of year $49,349$82,933
X-15 Other assetsStart of year $206,792$160,740
X-16 Total assetsStart of year $1,512,920$1,408,809
X-17 Accounts payable and accrued expensesStart of year $126,826$244,024
X-24 Unsecured notes and loans payableStart of year $22,216$12,862
X-25 Other liabilitiesStart of year $206,792$160,740
X-26 Total liabilitiesStart of year $355,834$417,626
X-27 Net assets without donor restrictionsStart of year $1,157,086$991,183
X-32 Total net assets or fund balancesStart of year $1,157,086$991,183
X-33 Total liabilities and net assetsStart of year $1,512,920$1,408,809
Part XI · Reconciliation of net assets $991,183 net assets at year end
XI-1 Total revenue$2,819,897
XI-2 Total expenses$2,985,800
XI-3 Revenue less expenses−$165,903
XI-4 Net assets at start of year$1,157,086
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$991,183

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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