Nonprofit · EIN 45-4295940
SPRUCE ROOT INC
Tax-exempt · JUNEAU, AK 99801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $12,064,509 | $5,040,398 | $7,024,111 | $38,810,332 | $5,128,320 | $33,682,012 |
| December 31, 2023 | 990 | $8,914,190 | $3,997,069 | $4,917,121 | $30,397,018 | $5,424,662 | $24,972,356 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $10,613,411
- of which government grants
- $1,656,187
- Program service revenue
- $427,138
- Investment income
- $801,932
- Net gain from sales of assets
- $84,997
- Other revenue
- $222,028
Expenses
- Grants and similar amounts paid
- $907,991
- Compensation of officers, directors and key employees
- $200,371
- Other salaries and wages
- $1,657,681
- Salaries, compensation and benefits (total)
- $2,279,217
- Professional fundraising fees
- $0
- Legal fees
- $3,364
- Accounting fees
- $59,549
- Occupancy
- $9,135
- Travel
- $507,803
- Program services (functional)
- $4,004,526
- Management and general (functional)
- $747,819
- Fundraising (functional)
- $288,053
Balance sheet and other
- Total assets, start of year
- $30,397,018
- Total assets, end of year
- $38,810,332
- Total liabilities, end of year
- $5,128,320
- Net assets, end of year
- $33,682,012
- Net assets without donor restrictions
- $7,886,938
- Net assets with donor restrictions
- $25,795,074
- Gross receipts
- $13,445,065
- Employees
- 24
- Volunteers
- 7
- Year formed
- 2012
- State of legal domicile
- AK
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALANA PETERSON | EXECUTIVE DIRECTOR Officer | 35 | $157,523 | $42,848 |
| LAUREL STARK | FINANCE DIRECTOR Highest-paid employee | 35 | $121,254 | $17,663 |
| ASHLEY SNOOKES | CLIENT SERVICES DIRECTOR Highest-paid employee | 35 | $102,904 | $16,983 |
| LESLIE ISAACSS | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| CHRIS PEREZ | PRESIDENT, FINANCE COMMITTEE Trustee or director, Officer | 0.5 | $0 | $0 |
| JOE NELSON | SECRETARY, SSP STEERING COMMITTEE Trustee or director, Officer | 0.5 | $0 | $0 |
| ANTHONY MALLOTT | BOARD MEMBER, TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| LA QUEN NAAY TSIITS GIT ANEE | BOARD MEMBER, FINANCE COMMITTEE, SSP STEERING COMM Trustee or director | 0.5 | $0 | $0 |
| SARAH DYBDAHL | BOARD MEMBER, SENIOR LOAN ADVISORY COMMITTEE Trustee or director | 0.5 | $0 | $0 |
| ROBERT ALLEN | BOARD MEMBER, SENIOR LOAN ADVISORY COMMITTEE Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALANA PETERSON | EXECUTIVE DIRECTOR Officer | 35 | $143,556 | $27,330 |
| LESLIE ISAACSS | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| CHRIS PEREZ | PRESIDENT, FINANCE COMMITTEE Trustee or director, Officer | 0.5 | $0 | $0 |
| JOE NELSON | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| NORMAN COHEN | TREASURER, FINANCE COMMITTEE Trustee or director, Officer | 0.5 | $0 | $0 |
| ANTHONY MALLOTT | BOARD MEMBER, TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| LA QUEN NAAY LIZ MEDICINE CROW | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| SARAH DYBDAHL | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 SEALASKA PLZ STE 400, JUNEAU, AK 99801-1245
- Principal officer (990 for 2024)
- ALANA PETERSON, ONE SEALASKA PLAZA 400, JUNEAU, AK 99801
- Signed the 990
- ALANA PETERSON, EXECUTIVE DIRECTOR
- Phone
- (907) 586-1512
- Website
- SPRUCEROOT.ORG
- Return prepared by
- MCDONALD JACOBS PC
Mission
SEE SCHEDULE OTO ASSIST SOUTHEAST ALASKAS PEOPLE, BUSINESSES, AND COMMUNITIES IN REACHING LONG-TERM ECONOMIC, SOCIAL, AND ENVIRONMENTAL RESILIENCE, AND IMPROVE ECONOMIC CONDITIONS IN SOUTHEAST ALASKA COMMUNITIES THROUGH INNOVATION, SUSTAINABILITY AND COLLABORATION. THE CDFI PROVIDES MICRO AND SMALL BUSINESS LOANS TO ELIGIBLE BORROWERS IN THOSE COMMUNITIES.
Program accomplishments
- THE SUSTAINABLE SOUTHEAST PARTNERSHIP (SSP) IS A GROWING COLLABORATION OF ORGANIZATIONS AND INDIVIDUALS WHOSE COMMON GOAL IS TO EMPOWER SOUTHEAST ALASKAN COMMUNITIES TO STRENGTHEN CULTURAL, ECOLOGICAL AND ECONOMIC PROSPERITY, SUSTAINABILITY AND RESILIENCE. WE HAVE COME TOGETHER TO WORK COLLABORATIVELY THROUGH THIS PARTNERSHIP BECAUSE WE BELIEVE THAT WE CAN HAVE GREATER IMPACT BY WORKING TOGETHER ON THE COMPLEX CHALLENGES ASSOCIATED WITH COMMUNITY SUSTAINABILITY THAN BY WORKING ON OUR OWN.Expenses $2,600,114 · grants $679,635 · revenue $245,322
- LENDING ACTIVITIES WERE EXECUTED AND SIGNIFICANT EFFORTS WERE COMMITTED TO SECURE ADDITIONAL FUNDING TO INCREASE AVAILABLE CAPITAL FOR LENDING TO ELIGIBLE BORROWERS.Expenses $443,861 · grants $7,244 · revenue $181,816
- THE PATH TO PROSPERITY / BUSINESS AND CLIENT SERVICES PROGRAM IS A SUITE OF PROGRRAMS INCLUDING A BUSINESS COMPETITION THAT PROMOTES ENTREPRENEURIAL ACTIVITIES (TECHNICAL ASSISTANCE) IN ITS TARGET COMMUNITIES. OVER 350 BUSINESSES HAVE PARTICIPATED IN THE PROGRAM TO DATE.Expenses $960,551 · grants $221,112 · revenue $65,000
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-4295940
- 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
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $38,810,332
- Income (IRS master file)
- $13,445,065
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $12,064,509 | $5,040,398 | $38,810,332 | IRS |
| 990 | December 2023 | $8,914,190 | $3,997,069 | $30,397,018 | XML |
| 990 | December 2022 | $20,825,542 | $2,913,388 | $21,033,643 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 45-4295940).
Questions about SPRUCE ROOT INC
- What is the EIN of SPRUCE ROOT INC?
- The employer identification number (EIN) of SPRUCE ROOT INC is 45-4295940.
- Is SPRUCE ROOT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to SPRUCE ROOT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SPRUCE ROOT 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 SPRUCE ROOT INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SPRUCE ROOT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SPRUCE ROOT INC?
- The 990 for the year ended December 31, 2024 names ALANA PETERSON.
- Who are the officers and directors of SPRUCE ROOT INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 3 received compensation from the organization, the highest $157,523 (ALANA PETERSON, EXECUTIVE DIRECTOR).
- How much revenue does SPRUCE ROOT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $12,064,509, expenses of $5,040,398 and total assets of $38,810,332 at year end.
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