The charitable purpose is to operate a public charter school in Vancouver, Washington. The mission is to rapidly reduce America's wealth gap by connecting underserved and talented teenagers with career and financial pathways.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$141K 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $314K a year · 25% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$141K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 4.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $657K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.1M
61% of total assets
Fine: liabilities are 61% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
+89% vs prior year
Spent
$1.8M
To programs
79%
Net assets
$1.3M
By yearFY2021–FY2024
Revenue
$2.1M
FY2024▲ +89%
Tap a bar for its year
Revenue by fiscal year
FY2021$441K
FY2023$1.1M
FY2024$2.1M
FY2024$2.3M
Expenses
$1.8M
FY2024▲ +143%
Tap a bar for its year
Expenses by fiscal year
FY2021$273K
FY2023$729K
FY2024$1.8M
FY2024$2.2M
Net assets
$1.3M
FY2024▲ +42%
Tap a bar for its year
Net assets by fiscal year
FY2021$168K
FY2023$943K
FY2024$1.3M
FY2024$1.5M

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

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2021.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $1.4M Management & general 18% · $323K Fundraising 3% · $45K

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

10 people listed on the 990; $141K 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
Founding School Leader
$140,877Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2021
Steven Carney$138,608$140,877$142,852—
Carol Egan———$61,276

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.

See Rooted School Washington executive salaries →

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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

Connects talented teens with career and financial paths to reduce the wealth gap.

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Provided by the organization

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1 program · $1.4M · in their own filed words · FY2023
01

The mission is to rapidly reduce America's wealth gap by connecting underserved and talented teenagers with career and financial pathways. The launch of a 501c3 organization to support the founding of Rooted School Washington, a public charter schoool in Vancouver, Washington.

$1.4Mprogram 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 · FY2024
Total grants receivedfrom 2 funders$657K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Fees for servicesLn 2g$1.6M
Gifts and grantsLn 1h$534K
Money outPt IX
$1.8M
Ln 25
Programscol B$1.4M
Managementcol C$323K
Fundraisingcol D$45K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$625K
Total assetsLn 16$3.5M
LiabilitiesLn 26$2.1M
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$534K
Government grantsLn 1e$437K
Fees for servicesLn 2g$1.6M
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$625K
Cash and savings togetherLn 1–2$625K
Land, buildings, equipmentLn 10c$1.7M
Other assetsLn 15$884K
Total assetsLn 16$3.5M
LiabilitiesLn 26$2.1M
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 517
VolunteersI 60
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$229K$625K
Land, buildings, equipmentLn 10c$1.8M$1.7M
Total assetsLn 16$3.0M$3.5M
LiabilitiesLn 26$2.1M$2.1M
Net assetsLn 32$943K$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$137K$103K$21K$14K
Other salaries and wagesLn 7$563K$522K$24K$16K
Pension plan contributionsLn 8$76K$61K$9K$6K
Other employee benefitsLn 9$70K$56K$8K$6K
Payroll taxesLn 10$48K$38K$6K$4K
Management feesLn 11a$10K$10K$859
Accounting feesLn 11c$109K$109K
Other fees for servicesLn 11g$146K$131K$15K
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$22K$11K$11K
Information technologyLn 14$37K$37K
OccupancyLn 16$407K$366K$41K
Travel and entertainment for public officialsLn 18$2K$2K$551
Conferences, conventions and meetingsLn 19$13K$6K$6K
InterestLn 20$70K$70K
InsuranceLn 23$9K$7K$2K
Other expenses (24a–d)Ln 24$49K$49K
Total functional expensesLn 25$1.8M$1.4M$323K$45K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $2.1M$1.8M$367K$1.3M 990 PDF
FY2023 $1.1M$729K$406K$943K 990 PDF
FY2022 Not on file
FY2021 $441K$273K$168K$168K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $2,140,923 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,134,778$533,922
I-9 Program service revenuePrior year $0$1,607,001
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,134,778$2,140,923
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 $303,176$893,546
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $425,609$880,417
I-18 Total expensesPrior year $728,785$1,773,963
I-19 Revenue less expensesPrior year $405,993$366,960
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,140,923 across 5 lines filed
VIII-1e Government grants$436,812
VIII-1f All other contributions, gifts and grants$97,110
VIII-1h Total contributions, gifts and grants$533,922
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,607,001$1,607,001
VIII-12 Total revenueRelated to mission $1,607,001 · Unrelated business $0 · Excluded from tax $0$2,140,923
Part IX · Statement of functional expenses $1,773,963 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $102,604 · Management $20,521 · Fundraising $13,680$136,805
IX-7 Other salaries and wagesPrograms $522,334 · Management $24,301 · Fundraising $16,200$562,835
IX-8 Pension plan contributionsPrograms $60,623 · Management $9,093 · Fundraising $6,062$75,778
IX-9 Other employee benefitsPrograms $56,344 · Management $8,452 · Fundraising $5,634$70,430
IX-10 Payroll taxesPrograms $38,157 · Management $5,724 · Fundraising $3,817$47,698
IX-11a Management feesPrograms $9,627 · Management $859$10,486
IX-11c Accounting feesManagement $108,900$108,900
IX-11g Other fees for servicesPrograms $130,980 · Management $14,840$145,820
IX-12 Advertising and promotionPrograms $8,038$8,038
IX-13 Office expensesPrograms $11,046 · Management $11,045$22,091
IX-14 Information technologyPrograms $36,568$36,568
IX-16 OccupancyPrograms $366,053 · Management $40,673$406,726
IX-18 Travel and entertainment for public officialsPrograms $1,654 · Management $551$2,205
IX-19 Conferences, conventions and meetingsPrograms $6,291 · Management $6,291$12,582
IX-20 InterestManagement $69,625$69,625
IX-23 InsurancePrograms $6,639 · Management $2,213$8,852
IX-24 Other expenses (24a–d)Programs $48,524$48,524
IX-25 Total functional expensesPrograms $1,405,482 · Management $323,088 · Fundraising $45,393$1,773,963
Part X · Balance sheet $3,486,772 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $228,641$625,424
X-4 Accounts receivableStart of year $200,668$180,508
X-9 Prepaid expenses and deferred chargesStart of year $47,633$79,085
X-10c Land, buildings and equipment, netStart of year $1,788,090$1,718,209
X-15 Other assetsStart of year $765,384$883,546
X-16 Total assetsStart of year $3,030,416$3,486,772
X-17 Accounts payable and accrued expensesStart of year $143,691$187,492
X-25 Other liabilitiesStart of year $772,453$807,870
X-26 Total liabilitiesStart of year $2,087,008$2,142,554
X-27 Net assets without donor restrictionsStart of year $938,806$1,344,218
X-28 Net assets with donor restrictionsStart of year $4,602$0
X-32 Total net assets or fund balancesStart of year $943,408$1,344,218
X-33 Total liabilities and net assetsStart of year $3,030,416$3,486,772
Part XI · Reconciliation of net assets $1,344,218 net assets at year end
XI-1 Total revenue$2,140,923
XI-2 Total expenses$1,773,963
XI-3 Revenue less expenses$366,960
XI-4 Net assets at start of year$943,408
XI-8 Prior period adjustments$33,850
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,344,218

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

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