Washington · Nonprofit
NEW ROOTS FUND
NEW ROOTS FUND (Washington) receives grants from 3 organizations whose IRS filings report $100,327 to it, the largest being THE SHAPIRO FOUNDATION ($50,000). 1 of them have funded it in more than one year, and 50% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $611k
- Funders on record
- 3
- Grants received
- $100k
- Net assets
- $303k
What New Roots Fund does
Mission
The New Roots Fund helps low-income individuals, citizens and legal immigrants, to achieve economic self-sufficiency through business loans and technical business assistance. The NRF continues to run programs funded by the federal Office of Refugee Resettlement, King County, and Washington State to train refugees in business practices, support the development of business plans, and assist with capitalizing new or existing businesses through Individual Development Accounts (matched savings programs) and loans. The New Roots Fund helps refugees, asylees, and low-income individuals achieve economic self-sufficiency. The Fund accomplishes this by providing business capital and technical assistance. Formed in 2011 and associated with the Diocese of Olympia, NRF is an independent 501(c)3. Our mission is to create viable businesses in low income neighborhoods through a highly capable lending institution providing loans and business technical assistance.
As stated on its FY2024 Form 990.
Programs
OVERALL PROGRAM. The New Roots Fund (NRF) helps low-income individuals, citizens and legal immigrants, to achieve economic self-sufficiency through business loans and technical business assistance. The NRF continues to run programs funded by the federal Office of Refugee Resettlement, King County, and Washington State to train refugees in business practices, support the development of business plans, and assist with capitalizing new or existing businesses through Individual Development Accounts (matched savings programs) and loans. In 2024, the NRF enrolled 107 clients who received 856 hours of training. Our comprehensive training programs provide clients with essential knowledge and skills to successfully enter and sustain a business. Notably, all 40 loan recipients from this period have launched or expanded their businesses and are consistently meeting their loan repayment schedules. The NRF also assisted eighteen businesses with training and nine with capitalization. The NRF committed $162,500 for FY 2024, for matched savings accounts and fully disbursed by the end of 2024. Over 40 individual savings plans were developed to support micro-enterprise purchases after a savings…
$535,016 spent$5,225 earned by the program100% of program spendingOther program services, not described on the e-filed return.
$0 spent0% of program spending
The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $535,016.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $1.1M to $522k (−52%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2018 81% · 2019 82% · 2020 92% · 2021 81% · 2022 90% · 2023 99% · 2024 90%. Grants only. Government contracts and fees sit inside program revenue.
99% of NEW ROOTS FUND’s revenue is contributions — about as donation-reliant as the typical peer (100% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Greg Hope
~ Executive Director
Board chair
Michael Blumson
~ Board Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2020 → 2023: the base held at 1 funder, grant income rose $42 → $107.
2 of 3 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 50% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of NEW ROOTS FUND’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
NEW ROOTS FUND leans on a few funders — its largest provides 50% of grant income and the top three 100%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
50% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund NEW ROOTS FUND.
Largest funder’s share by year: 2020 100% · 2021 100% · 2022 100% · 2023 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
50% of NEW ROOTS FUND's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $50k that is directly attributable, 100% of it comes from funders outside Washington, across 1 state.
Funder states come from each funder’s own filing. $50k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
NEW ROOTS FUND holds deeper cash reserves than three-quarters of the 4,524 international nonprofits its size.
this organization peer median middle 50% of peers· 4,524 international nonprofits $100k–$1M, FY2024
Government funding NEW ROOTS FUND receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $4.4M on record.
- Department of Health and Human Services$4.2M
- Small Business Administration$156k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like NEW ROOTS FUND
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Washington
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
92% of spending goes to programs.
Governance
Public support
99%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Part of a family of 1 related entity
- Diocese of Olympia · exempt
Screen this organization
A dated, signed PDF of the compliance screen for NEW ROOTS FUND: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds NEW ROOTS FUND?
- NEW ROOTS FUND (Washington) receives grants from 3 organizations whose IRS filings report $100,327 to it, the largest being THE SHAPIRO FOUNDATION ($50,000). 1 of them have funded it in more than one year, and 50% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does NEW ROOTS FUND have?
- IRS filings report 3 organizations giving $100,327 in grants to NEW ROOTS FUND, 1 of which have funded it in more than one year.
- Who is the largest funder of NEW ROOTS FUND?
- THE SHAPIRO FOUNDATION is the largest funder on record, with $50,000 in grants. The full list of funders is on this page.
- How can an organization like NEW ROOTS FUND find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Washington. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds New Roots →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing