New Roots Fund
Donations deductibleRevenue
$611k
year to 31 December 2024
Expenses
$582k
year to 31 December 2024
Total assets
$1.1m
$784k liabilities
Net assets
$303k
assets less liabilities
Directors and trustees
5
7.8y av
Staff
0
employees, year to 31 December 2024
Chair observed
≥5 yrs
Michael Blumson
Left since last filing
0
no seats appear to have opened
New Roots Fund's network
5 people1 organisationi5 people and 1 organisation on this map.The large node is the subject of this page. Solid lines are what the register itself records (5). Violet dotted lines (1) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
5 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Tenure and departures are observed across annual filings. Observed tenure is a lower bound - a member may have joined before the first year on record. The organisation reported 5 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Michael Blumson Chair | ~ Board Chair | 2019 | 7 yrs |
| Antoinette Marasigan | ~ Governor | 2018 | 8 yrs |
| Joann Ware | ~ Governor | 2018 | 8 yrs |
| Mahnaz Eshetu | ~ Governor | 2019 | 7 yrs |
| Patty Grossman | ~ Governor | 2019 | 7 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
3 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Greg Hope | ~ Executive Director | since 2018 |
| Michael Blumson | Board Chair | 2018 |
| Patty Grossman | Board Treasurer | 2018 |
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Greg Hope | ~ Executive Director | 16 | $0 | $91k | $25k |
| Michael Blumson | ~ Board Chair | 2 | $0 | ||
| Mahnaz Eshetu | ~ Governor | 1 | $0 | ||
| Joann Ware | ~ Governor | 1 | $0 | ||
| Antoinette Marasigan | ~ Governor | 1 | $0 | ||
| Patty Grossman | ~ Governor | 1 | $0 |
About
- Legal name
- New Roots Fund
- EIN
- 383885237
- Address
- 515 B St Ne, Auburn, WA, 98002-4003
- State
- Washington
- 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... (as filed on the Form 990)
- Activity (NTEE)
- Q30 International, foreign affairs and national security
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- International, Foreign Affairs & National Security
- Size band
- 6 (IRS master file code)
- Formed
- 2012
- Principal officer
- Greg Hope (as named on the Form 990)
- IRS ruling date
- 1 July 2014
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 6, latest 2024
- IRS Publication 78
- PC (contributions deductible)
Most connected
Related organisations (Schedule R)
Longest observed on the filings
≥8years on the filingsAntoinette Marasigan
≥8years on the filingsJoann Ware
≥7years on the filingsMichael Blumson
≥7years on the filingsMahnaz Eshetu
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $1.1m
- Total liabilities
- $784k
- Net assets or fund balances
- $303k
- Contributions and grants received
- $605k
- Program service revenue
- $5k
- Employees
- 0
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $611k | $582k | $28k |
As filed on the IRS Form 990. US dollars.