2025-11-17T17:02:51-06:00 2024-12-31 112965470 PRESTI & NAEGELE LLC 225 WEST 35TH STREET 5TH FLOOR NEW YORK NY 10001 990 2024-01-01 852112719 ROOTS FUND INC ROOT 7186918922 1127 HIGH RIDGE ROAD SUITE 117 STAMFORD CT 06905 IKIMI WOODSON EXECUTIVE DIRECTOR 7186918922 2025-11-17 1 0 ANNEMARIE AGUANNO CPA P00734346 2127360055 2025-11-17 2024 2025-03-06 01:10:19Z IKIMI WOODSON 1127 HIGH RIDGE ROAD SUITE 117 STAMFORD CT 06905 302899 0 X HTTPS://WWW.THEROOTSFUND.ORG/ X 2019 CT THE ROOTS FUND WAS CREATED TO EMPOWER COMMUNITIES OF COLOR BY PROVIDING RESOURCES AND FINANCIAL SUPPORT THROUGH EDUCATIONAL SCHOLARSHIPS, WINE EDUCATION, MENTORSHIP, AND CAREER PLACEMENT. THE ROOTS FUND IS COMMITTED TO INVESTING IN COMMUNITIES OF COLOR TO PROVIDE OPPORTUNITIES TO THOSE SEEKING A CAREER/EDUCATION IN ALL ASPECTS OF WINE. 3 3 4 0 0 0 872267 302899 0 0 0 0 0 0 872267 302899 427118 102068 0 0 269620 56179 0 0 21886 245954 183452 942692 341699 -70425 -38800 125365 6471 113953 29029 11412 -22558 X THE ROOTS FUND WAS CREATED TO EMPOWER COMMUNITIES OF COLOR BY PROVIDING RESOURCES AND FINANCIAL SUPPORT THROUGH EDUCATIONAL SCHOLARSHIPS, WINE EDUCATION, MENTORSHIP, AND CAREER PLACEMENT. THE ROOTS FUND IS COMMITTED TO INVESTING IN COMMUNITIES OF COLOR TO PROVIDE OPPORTUNITIES TO THOSE SEEKING A CAREER/EDUCATION IN ALL ASPECTS OF WINE. 0 0 102068 102068 SCHOLARSHIPS REPRESENTED NEARLY HALF OF OUR ANNUAL INCOME, WITH INCREASED OFFERINGS IN THE WINE & SPIRITS EDUCATION TRUST. INCREASED REQUESTS FROM THE RESTAURANT SECTOR IN ORDER TO ELEVATE JOB PROMOTIONS PRESENTED AN INFLUX OF REQUESTS. WE MADE A COMMITMENT TO WASHINGTON STATE UNIVERSITY FOR AN INVESTMENT IN MORE COST-EFFECTIVE COLLEGE PROGRAMS. THIS ALLOWED FOR AN INCREASE OF 30% IN SCHOLARS IN COLLEGE TUITION. 46009 LESS THAN 25% OF PEOPLE OF COLOR HOLD PASSPORTS IN THE UNITED STATES. THIS YEAR, WE HELPED 25 SCHOLARS GAIN THEIR PASSPORTS FOR THE FIRST TIME. BEING ABLE TO TRAVEL TO EXPLORE WINE & SPIRITS CAN BE GAME-CHANGING FOR THEIR CAREER TRAJECTORY. SCHOLARS RESIDE IN THE REGION FROM 2 WEEKS TO 3 MONTHS, STUDYING CULTURE, FOOD, AND BEVERAGES LIKE THE LOCAL COMMUNITY. THE TRIPS DO PROVIDE A LEVEL OF EDUCATION THAT CAN'T BE TAUGHT IN BOOKS, BUT A LIFE LESSON THAT WILL LAST A LIFETIME. 31131 AFTER Q2, WE HAD TO LAY OFF OUR TEAM DUE TO MAJOR FUNDING LOSSES. WE HAD TO REIMAGINE OUR PROGRAMMING TO KEEP THE DOORS OPEN. WE RESORTED TO USING CONSULTANTS, RATHER THAN FULL/PART TIME EMPLOYEES. IT ALLOWED US TO STILL PROVIDE SERVICES AND UTILIZE PEOPLE AT THE TOP OF THEIR FIELD WITHOUT THE EXPENSE OF PAYROLL AND BENEFITS. IT FORCED A PIVOT TO TAP INTO RESOURCES WITHIN THE NONPROFIT COMMUNITY. WE CONTINUED TO SERVICE THE COMMUNITY AND GAIN A NEW SET OF SUPPORT SERVICES. 179208 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 4 1 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 CT X IKIMI WOODSON 7186918922 1127 HIGH RIDGE ROAD SUITE 117 STAMFORD CT 06905 IKIMI WOODSON EXECUTIVE DIRECTOR 1.00 X X 60747 0 0 CARLTON MCCOY JR TREASURER 0.00 X X 0 0 0 MICHELLE MICHON SECRETARY 0.00 X X 0 0 0 JEREMY SEYSSES DIRECTOR 0.00 X 0 0 0 SANTOSH VARGHESE DIRECTOR 0.00 X 0 0 0 60747 0 0 0 0 0 0 0 302899 302899 302899 0 0 0 102068 102068 49557 49557 6622 6622 8799 8799 2257 2257 4879 4788 91 16545 16545 3238 3238 26326 26326 15409 15409 5785 5785 302 302 8723 8723 SCHOLARSHIP EXPENSES 45452 45452 CONSULTING 31131 31131 PHONE EXPENSES 3903 3903 CAR AND TRUCK 3603 3603 7100 557 4896 1647 341699 179208 140605 21886 7591 3767 103771 4312 1608 3006 2704 10997 0 125365 6471 78866 29029 35087 113953 29029 X 11412 -22558 11412 -22558 125365 6471 -38800 4830 0 X 0 0 0 X 417554 981421 696027 303061 2398063 417554 981421 696027 303061 2398063 0 0 0 2398063 417554 981421 696027 303061 2398063 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4312 1608 2704 2704 0 SCHOLARSHIP FOR HBCU STUDENTS SEEKING A MASTER'S IN WINE & SPIRITS MANAGEMENT. 3 33600 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION REVIEWS FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION C, LINE 18 NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART VI, SECTION C, LINE 19 NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC.