Roots Music Project Foundation

Tax-deductible

Boulder, CO501(c)(3)Arts & CultureEIN 86-3645639

This page gets seen. Tell your story. Claim this org.

To foster the live Music scene in colorado.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Run by 5 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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 $24K a year · 4% 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
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$92K
to officers and key staff · 8% of spending
Top officer’s pay lower than 88% of similar orgs
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $69K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$78K
46% of total assets
Looks good: liabilities are 46% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
+57% vs prior year
Spent
$1.1M
To programs
84%
Net assets
$92K
By yearFY2022–FY2024
Revenue
$1.1M
FY2024▲ +57%
Revenue by fiscal year
FY2022$233K
FY2023$701K
FY2024$1.1M
Expenses
$1.1M
FY2024▲ +60%
Expenses by fiscal year
FY2022$207K
FY2023$676K
FY2024$1.1M
Net assets
$92K
FY2024▲ +30%
Net assets by fiscal year
FY2022$46K
FY2023$71K
FY2024$92K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

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

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $907K Management & general 8% · $87K Fundraising 8% · $90K

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

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

15 people listed on the 990; $92K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director & VP (until 06/24)
$71,517Pt VII · Sec A
Director (until 06/24)
$20,250Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Chairperson
$0Pt VII · Sec A

Ian Steele’s $72K as Director & VP (until 06/24) is at the 12th percentile of top reported officer pay among 3924 $1–10M arts & culture 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022
Ian Steele$71,517$13,253$40,549
Fiona Oren$20,250——

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 Roots Music Project Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports and promotes live music performances throughout Colorado.

Provided by the organization

This section is blank until Roots Music Project Foundation claims this page.

Know this organization? Claim it to add your story

1 program service account for $907K of program spending, described in the organization's own filed words · FY2024.
01

Artist Events

Empowering musicians, audiences, and venues to connect and create a thriving and inspiring local music scene. This includes shows, festivals, and educational workshops.

$907Kprogram expense

Run this program? Claim this org to tell your story

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
See all 4 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$592K
Fees for servicesLn 2g$455K
Other incomeLn 4–11$56K
Money outPt IX
$1.1M
Ln 25
Programscol B$907K
Managementcol C$87K
Fundraisingcol D$90K
Owns and owesPt X
$92K
net assets · Ln 32
Cash and savingsLn 1–2$111K
Total assetsLn 16$170K
LiabilitiesLn 26$78K
PeoplePt VI, VII
15
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$592K
Noncash giftsLn 1g$722
Fundraising eventsLn 1c$53K
Fees for servicesLn 2g$455K
Investment incomeLn 3$2K
Other incomeLn 4–11$56K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$111K
Cash and savings togetherLn 1–2$111K
Land, buildings, equipmentLn 10c$25K
Total assetsLn 16$170K
LiabilitiesLn 26$78K
Net assetsLn 32$92K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
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$47K$111K
Land, buildings, equipmentLn 10c$14K$25K
Total assetsLn 16$80K$170K
LiabilitiesLn 26$9K$78K
Net assetsLn 32$71K$92K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$72K$72K
Other salaries and wagesLn 7$235K$163K$71K
Other employee benefitsLn 9$18K$12K$6K
Payroll taxesLn 10$54K$41K$13K
Management feesLn 11a$39K$39K$150
Accounting feesLn 11c$23K$23K
Advertising and promotionLn 12$86K$86K
Office expensesLn 13$54K$54K
Information technologyLn 14$64K$64K
OccupancyLn 16$108K$108K
TravelLn 17$2K$2K
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$318K$318K
Total functional expensesLn 25$1.1M$907K$87K$90K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.1M$1.1M$21K$92K 990 PDF
FY2023 $701K$676K$26K$71K 990 PDF
FY2022 $233K$207K$26K$46K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 (4 parts)
Part VIII · Statement of revenue $1,104,496 across 9 lines filed
Lines not itemized here account for $3,315 of total revenue; see the IRS return.
VIII-1c Fundraising events$52,651
VIII-1f All other contributions, gifts and grants$539,488
VIII-1g Noncash contributions (included above)$722
VIII-1h Total contributions, gifts and grants$592,139
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $454,956$454,956
VIII-3 Investment incomeExcluded from tax $1,814$1,814
VIII-6 Net rental income or lossRelated to mission $70,331$70,331
VIII-8 Net income from fundraising eventsExcluded from tax −$18,059−$18,059
VIII-12 Total revenueRelated to mission $525,287 · Unrelated business $0 · Excluded from tax −$12,930$1,104,496
Part IX · Statement of functional expenses $1,083,429 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $71,517$71,517
IX-7 Other salaries and wagesPrograms $163,246 · Fundraising $71,422$234,668
IX-9 Other employee benefitsPrograms $12,500 · Fundraising $6,000$18,500
IX-10 Payroll taxesPrograms $41,429 · Fundraising $12,604$54,033
IX-11a Management feesPrograms $38,800 · Management $150$38,950
IX-11c Accounting feesManagement $23,035$23,035
IX-12 Advertising and promotionPrograms $86,086$86,086
IX-13 Office expensesManagement $54,301$54,301
IX-14 Information technologyPrograms $64,002$64,002
IX-16 OccupancyPrograms $108,316$108,316
IX-17 TravelManagement $1,703$1,703
IX-22 Depreciation, depletion and amortizationPrograms $2,939$2,939
IX-23 InsuranceManagement $7,555$7,555
IX-24 Other expenses (24a–d)Programs $317,824$317,824
IX-25 Total functional expensesPrograms $906,659 · Management $86,744 · Fundraising $90,026$1,083,429
Part X · Balance sheet $170,077 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $47,367$111,168
X-4 Accounts receivableStart of year $2,521$21,010
X-8 Inventories for sale or useStart of year $9,276$5,698
X-9 Prepaid expenses and deferred chargesStart of year $7,154$7,302
X-10c Land, buildings and equipment, netStart of year $14,147$24,899
X-16 Total assetsStart of year $80,465$170,077
X-17 Accounts payable and accrued expensesStart of year $9,146$76,691
X-19 Deferred revenue$1,000
X-26 Total liabilitiesStart of year $9,146$77,691
X-32 Total net assets or fund balancesStart of year $71,319$92,386
X-33 Total liabilities and net assetsStart of year $80,465$170,077
Part XI · Reconciliation of net assets $92,386 net assets at year end
XI-1 Total revenue$1,104,496
XI-2 Total expenses$1,083,429
XI-3 Revenue less expenses$21,067
XI-4 Net assets at start of year$71,319
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$92,386

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.