Nonprofit · EIN 26-2108051
GRASSROOTS BUSINESS PARTNERS INC
Tax-exempt · WASHINGTON, DC 20036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,482,490 | $2,642,615 | $839,875 | $13,865,719 | $11,132,329 | $2,733,390 |
| June 30, 2024 | 990 | $7,707,767 | $9,907,956 | -$2,200,189 | $27,799,059 | $30,380,305 | -$2,581,246 |
| June 30, 2023 | 990 | $5,368,779 | $2,302,556 | $3,066,223 | $19,393,958 | $19,759,860 | -$365,902 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,105,340
- Program service revenue
- $166,169
- Investment income
- $144,422
- Other revenue
- $66,559
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $339,532
- Other salaries and wages
- $577,713
- Salaries, compensation and benefits (total)
- $1,003,882
- Professional fundraising fees
- $0
- Legal fees
- $133,954
- Accounting fees
- $252,770
- Occupancy
- $55,911
- Travel
- $79,435
- Depreciation
- $13,753
- Program services (functional)
- $1,896,211
- Management and general (functional)
- $707,128
- Fundraising (functional)
- $39,276
Balance sheet and other
- Total assets, start of year
- $27,799,059
- Total assets, end of year
- $13,865,719
- Total liabilities, end of year
- $11,132,329
- Net assets, end of year
- $2,733,390
- Land, buildings and equipment
- $53,120
- Net assets without donor restrictions
- $2,733,390
- Gross receipts
- $3,482,490
- Employees
- 3
- Volunteers
- 9
- Year formed
- 2007
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LILIAN MRAMBA | CHIEF INVESTMENT OFFICER/COO Officer | 40 | $129,839 | $19,193 |
| HAROLD ROSEN | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 40 | $132,949 | $7,349 |
| MARY HOUGHTON | CHAIRMAN OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 |
| ANDREW ADELSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HOLLY WISE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ZOE DEAN-SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GUILLERMO FERREYROS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAIME RAMIREZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LILIAN MRAMBA | CHIEF INVESTMENT OFFICER/COO Officer | 40 | $169,506 | $17,840 |
| HAROLD ROSEN | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 40 | $114,389 | $11,498 |
| MARY HOUGHTON | CHAIRMAN OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 |
| ANDREW ADELSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HOLLY WISE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ZOE DEAN-SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GUILLERMO FERREYROS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAIME RAMIREZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LILIAN MRAMBA | CHIEF INVESTMENT OFFICER/COO Officer | 40 | $111,054 | $15,836 |
| JAIME RAMIREZ THRU DEC 2022 | CHIEF INVESTMENT OFFICER/COO Trustee or director, Officer | 40 | $113,499 | $12,423 |
| HAROLD ROSEN | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 40 | $99,761 | $5,644 |
| MARY HOUGHTON | CHAIRMAN OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 |
| ANDREW ADELSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HOLLY WISE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ZOE DEAN-SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GUILLERMO FERREYROS | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1701 RHODE ISLAND AVENUE NW 04-11, WASHINGTON, DC 20036-3001
- In care of
- % JAIME RAMIREZ
- Principal officer (990 for 2024)
- HAROLD ROSEN, 1701 RHODE ISLAND AVENUE NW 04-111, WASHINGTON, DC 20036
- Signed the 990
- HAROLD ROSEN, CHIEF EXECUTIVE OFFICER
- Phone
- (571) 262-1459
- Website
- WWW.GBFUND.ORG
- Return prepared by
- WEGNER CPAS LLP
Mission
GRASSROOTS BUSINESS PARTNERS, INC. DOES BUSINESS AS GRASSROOTS BUSINESS FUND. GRASSROOTS BUSINESS FUND STRIVES TO CREATE A WORLD WHERE ECONOMIC OPPORTUNITY REACHES EVERYONE. OUR MISSION IS TO GROW VIABLE BUSINESSES THAT GENERATE SUSTAINABLE EARNINGS OR SAVINGS FOR PEOPLE WITH LOW INCOMES IN AFRICA, ASIA, AND LATIN AMERICA.
Program accomplishments
- GRASSROOTS BUSINESS FUND (GBF) IS HEAVILY INVOLVED IN BUILDING THE FIELD AROUND IMPACT INVESTING BY WORKING CLOSELY WITH PARTNER ORGANIZATIONS, PILOTING NEW INITIATIVES, AND CONTRIBUTING LESSONS LEARNED TO A BROAD AUDIENCE. AS PART OF THE PARTNERSHIP BUILDING, GBF IS A MEMBER OF NUMEROUS WORKING GROUPS INCLUDING THOSE AROUND IMPACT ASSESSMENT, THE DEVELOPMENT OF IMPACT FUNDS, AND CAREERS IN IMPACT INVESTING. AS THE ORGANIZATION GROWS, A CONTINUED EFFORT TOWARDS EXTERNAL DISSEMINATION OF INFORMATION ON THE SUCCESSES AND LESSONS LEARNED RELATING TO IMPACT INVESTING WILL BE CRITICAL FOR OUR ADVANCING OF THE FIELD.Expenses $1,858,058 · revenue $162,031
- GRASSROOTS BUSINESS FUND (GBF) WORKS WITH HIGH-IMPACT BUSINESSES (HIBS) THAT ARE TYPICALLY SMALL OR MID-SIZED BY INTERNATIONAL STANDARDS, BUT ECONOMICALLY ENGAGE LARGE NUMBERS OF THE POOR. GBP MANAGES AN INVESTMENT FUND, GRASSROOTS BUSINESS INVESTORS FUND I, LP (GBI-I). OVER ITS LIFE, GBI-I COMMITTED UNITED STATES DOLLARS FORTY-ONE POINT NINE MILLION (USD 41.9M) ACROSS THIRTY-THREE (33) HIGH IMPACT BUSINESSES THROUGH SIXTY-FIVE (65) TRANSACTIONS (INCLUDING MULTIPLE ROUNDS WITH CERTAIN INVESTEES). THESE INVESTMENTS TARGETED HIGH IMPACT BUT HIGH-RISK OPPORTUNITIES THAT WERE UNLIKELY TO ATTRACT COMMERCIAL FUNDING IN THE NEAR TERM. AGAINST THIS, THE FUND HAS RECOVERED FROM INVESTEES UNITED STATES DOLLARS THIRTY-FIFE MILLION EIGHT HUNDRED THOUSAND (USD 35.8M). UNDER THE JINUE GROWTH PROGRAM, GBF HAS PARTNERED WITH THE MASTERCARD FOUNDATION FOR A 5-YEAR PROGRAM THAT COMMENCED IN NOVEMBER 2022. THE PROGRAM AIMS TO REACH 225,000 MICROS, 4,500 SMALL ENTERPRISES AND EMPLOY 500,000 YOUTHS.Expenses $38,153 · revenue $4,138
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 26-2108051
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2008
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q32)
- Assets (IRS master file)
- $13,865,719
- Income (IRS master file)
- $3,482,490
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,482,490 | $2,642,615 | $13,865,719 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $7,707,767 | $9,907,956 | $27,799,059 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $5,368,779 | $2,302,556 | $19,393,958 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $1,150,242 | $1,852,503 | $3,903,821 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-2108051).
Questions about GRASSROOTS BUSINESS PARTNERS INC
- What is the EIN of GRASSROOTS BUSINESS PARTNERS INC?
- The employer identification number (EIN) of GRASSROOTS BUSINESS PARTNERS INC is 26-2108051.
- Is GRASSROOTS BUSINESS PARTNERS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to GRASSROOTS BUSINESS PARTNERS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GRASSROOTS BUSINESS PARTNERS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GRASSROOTS BUSINESS PARTNERS INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GRASSROOTS BUSINESS PARTNERS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of GRASSROOTS BUSINESS PARTNERS INC?
- The 990 for the year ended June 30, 2025 names HAROLD ROSEN.
- Who are the officers and directors of GRASSROOTS BUSINESS PARTNERS INC?
- The 990 for the year ended June 30, 2025 lists 8 people; 2 received compensation from the organization, the highest $129,839 (LILIAN MRAMBA, CHIEF INVESTMENT OFFICER/COO).
- How much revenue does GRASSROOTS BUSINESS PARTNERS INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,482,490, expenses of $2,642,615 and total assets of $13,865,719 at year end.
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