2024-08-15T08:47:06-05:00 2023-12-31 570381582 ELLIOTT DAVIS LLCPLLC 555 WALNUT STREET SUITE 300 CHATTANOOGA TN 37402 990 2023-01-01 621624472 THREE ROOTS CAPITAL THRE 8652201710 12640 KINGSTON PIKE KNOXVILLE TN 37934 CHRIS MILLER TREASURER/SECRETARY 8652201710 2024-05-31 1 1 ERIC MYERS P01072378 4237567100 2024-05-29 2023 2024-08-08 14:25:15Z CHRIS MILLER 12640 KINGSTON PIKE KNOXVILLE TN 37934 3847703 0 X WWW.3ROOTSCAPITAL.ORG X 1995 TN ACCESS TO CAPITAL AND BUSINESS COACHING THAT CREATE SUCCESSFUL OUTCOMES FOR CLIENTS AND PARTNERS. 5 4 8 4 0 0 1182062 312642 2276248 3480392 4956 -38643 0 0 3463266 3754391 0 0 0 0 1052692 1070228 0 0 0 675598 1085693 1728290 2155921 1734976 1598470 128659022 176294267 123707474 169744249 4951548 6550018 COMMUNITY DEVELOPMENT IN TENNESSEE AND APPALACHIA THROUGH ACCESS TO CAPITAL AND JOB CREATION. 0 0 1535411 3480392 LOAN AND INVESTMENT PROGRAMS - THREE ROOTS CAPITAL MAKES LOANS AND INVESTMENTS TO QUALIFIED COMPANIES AND PROJECTS IN UNDERSERVED AND DISTRESSED AREAS OF EAST TENNESSEE AND BROADER SOUTHERN AND CENTRAL APPALACHIA. IN ADDITION TO SATISFYING UNDERWRITING REQUIREMENTS, COMPANIES AND PROJECTS MUST PROVIDE A MEASURABLE POSITIVE COMMUNITY IMPACT OR OUTCOME. THESE ACTIVITIES GENERALLY ARE FOCUSED ON JOB CREATING SMALL BUSINESS, PLACE MAKING COMMERCIAL REAL ESTATE PROJECTS, OR AFFORDABLE HOUSING. 196492 BUSINESS COACHING - THREE ROOTS CAPITAL PROVIDES BUSINESS COACHING TO CLIENT COMPANIES AND COMMUNITY PARTNERS THROUGH TECHNICAL ASSISTANCE, MENTORSHIP, COACHING, AND OTHER ENGAGEMENT ACTIVITIES. 6955 CAPITAL SERVICES - THREE ROOTS CAPITAL PROVIDES PROFESSIONAL SERVICES TO IMPACT-FOCUSED AND COMMUNITY DEVELOPMENT FOCUSED PRIVATE EQUITY AND VENTURE CAPITAL FUNDS. THIS ACTIVIITY INCLUDES ADMINISTRATION, BUSINESS DEVELOPMENT, COMPLIANCE, DUE DILIGENCE, PORTFOLIO MANAGEMENT, AND REPORTING. 1738858 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 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 1 7 0 1 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 TN X CHRIS MILLER TREASURERSECRETARY 8652201716 12640 KINGSTON PIKE KNOXVILLE TN 37934 GRADY VANDERHOOFVEN PRESIDENT & CEO 40.00 X X 398772 0 55937 L RAY MONCRIEF DIRECTOR 1.00 X 0 0 0 FRED TOMPKINS DIRECTOR 1.00 X 0 0 0 MARIANNE WANAMAKER DIRECTOR 1.00 X 0 0 0 DAVID BRADSHAW CHAIRMAN 1.00 X X 0 0 0 CHRIS MILLER TREASURER/SECRETARY 40.00 X 198925 0 29993 DENNIS CORLEY BUSINESS DEVELOPMENT 40.00 X 157924 0 27822 755621 0 113752 3 0 1 0 0 216642 96000 312642 LOAN PROGRAM 541900 3480392 3480392 3480392 54669 54669 93312 -93312 -93312 -93312 3754391 3480392 0 -38643 797835 582420 215415 30686 22401 8285 181396 132419 48977 60311 44027 16284 32821 23959 8862 44161 32238 11923 45170 32974 12196 46956 34278 12678 100935 73683 27252 16568 12095 4473 2 1 1 94118 68706 25412 PROGRAM EXPENSE 611236 611236 ACCOUNT MAINTENANCE SUP 78481 57291 21190 DUES/SUBSCRIPTION EXPEN 7968 5817 2151 TELEPHONE EXPENSE 7205 5260 1945 72 53 19 2155921 1738858 417063 0 2308870 1579620 84852 67235842 89006594 16673 133796 49523 49523 0 0 410815 449999 63672 404654 58623150 84634752 128659022 176294267 233793 264340 215777 351926 123194232 168723329 63672 404654 123707474 169744249 X 4951548 6550018 4951548 6550018 128659022 176294267 1598470 0 X X 0 1 X 1 1 1 X 244001 266522 1166084 1182062 312642 3171311 244001 266522 1166084 1182062 312642 3171311 415069 2756242 3463 1879 4956 54669 64967 9971 309 10280 3246558 10315669 0.84900 0.85920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13855 13855 0 35668 35668 0 0 RESTRICTED CASH 84634752 84634752 LEASE LIABILITY 404654 404654 X 3754391 0 3754391 0 3754391 2155921 0 2155921 0 2155921 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND RELEVANT STATE REGULATIONS. ACCORDINGLY, INCOME TAX EXPENSE IS LIMITED TO ACTIVITIES THAT ARE DEEMED BY THE INTERNAL REVENUE SERVICE TO BE UNRELATED TO THE ORGANIZATION'S TAX EXEMPT PURPOSE. THERE WERE NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023 AND 2022. X 0 0 0 0 0 1 0 0 0 GRADY VANDERHOOFVEN PRESIDENT & CEO 238376 0 160396 0 0 0 25035 0 30902 0 454709 0 0 0 CHRIS MILLER TREASURER/SECRETARY 154284 0 44641 0 0 0 11993 0 18000 0 228918 0 0 0 DENNIS CORLEY BUSINESS DEVELOPMENT 138214 0 19710 0 0 0 9822 0 18000 0 185746 0 0 0 PART I, LINE 3 THREE ROOTS CAPITAL'S BOARD OF DIRECTORS, WHICH INCLUDES INDEPENDENT BOARD MEMBERS, REVIEWS AND APPROVES THE COMPENSATION OF THE CEO/PRESIDENT. PART I, LINE 6 THE ORGANIZATION HAS A PERFORMANCE COMPENSATION PLAN WHICH IS APPROVED BY THREE ROOTS CAPITAL'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE DATA FOR FORM 990 IS ASSEMBLED BY THE CONTROLLER AND THE 990 FORMS ARE COMPLETED WITH THE ASSISTANCE OF AN INDEPENDENT CPA IN CONJUNCTION WITH THE ANNUAL AUDIT OF THE FINANCIAL STATEMENTS. THE COMPLETED FORM IS REVIEWED BY THE TREASURER/SECRETARY, PRESIDENT AND CHIEF EXECUTIVE OFFICER. THE 990 TAX FORM IS SUBSEQUENTLY REVIEWED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C UPON ENTERING SERVICE AND THEN ANNUALLY THEREAFTER, QUESTIONNAIRES ARE DISTRIBUTED TO BOARD MEMBERS, OFFICERS, KEY EMPLOYEES AND SENIOR MANAGERS RELATED TO THE ORGANIZATION'S CONFLICT OF INTEREST POLICIES. RESPONSES ARE REVIEWED BY THE BOARD OF DIRECTORS; MANAGEMENT THEN PREPARES FINANCIAL STATEMENT DISCLOSURES AS APPROPRIATE. IN THE EVENT OF POTENTIAL CONFLICTS THE PERSON RECUSES THEMSELVES FROM BOTH DISCUSSIONS AND VOTES ON ANY MATTER WHERE A CONFLICT EXISTS. FORM 990, PART VI, SECTION B, LINE 15 THREE ROOTS CAPITAL'S BOARD OF DIRECTORS, WHICH INCLUDES INDEPENDENT BOARD MEMBERS, REVIEWS AND APPROVES THE COMPENSATION OF THE CEO/PRESIDENT. THE CEO/PRESIDENT REVIEW AND APPROVE THE COMPENSATION OF ALL OTHER OFFICERS AND EMPLOYEES OF THE CORPORATION. EACH PACKAGE MAY BE REVIEWED IN CONJUNCTION WITH A JOB DESCRIPTION AND PERFORMANCE REVIEW. OUTSIDE CONSULTANTS AND COMPARATIVE COMPENSATION DATA MAY BE UTILIZED REGARDING SPECIFIC ISSUES WHEN/IF APPROPRIATE, AS DETERMINED BY THE BOARD OF DIRECTORS. MINUTES OF MEETINGS AND DOCUMENTATION OF COMPENSATION PACKAGES ARE MAINTAINED. FORM 990, PART VI, SECTION C, LINE 19 THREE ROOTS CAPITAL MAKES ITS ORGANIZING DOCUMENTS AND POLICY STATEMENTS AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE PRESENTED REGULARLY TO VARIOUS INTERNAL COMMITTEES AND THE FULL BOARD. THE BOARD CONSISTS OF COMMUNITY MEMBERS. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO SIGNIFICANT OR MATERIAL CHANGE FROM PRIOR YEARS.