Nonprofit · EIN 46-3468086
RUNWAY ROOT INC
Tax-exempt (reinstated) · OAKLAND, CA 94610
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,398,731 | $3,976,729 | $422,002 | $8,195,363 | $5,457,359 | $2,738,004 |
| December 31, 2023 | 990 | $2,529,382 | $3,617,603 | -$1,088,221 | $2,786,106 | $470,103 | $2,316,003 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,942,384
- Program service revenue
- $414,299
- Investment income
- $42,048
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $559,045
- Compensation of officers, directors and key employees
- $199,055
- Other salaries and wages
- $1,283,223
- Salaries, compensation and benefits (total)
- $1,704,654
- Professional fundraising fees
- $0
- Legal fees
- $268
- Accounting fees
- $44,524
- Travel
- $138,493
- Program services (functional)
- $2,317,153
- Management and general (functional)
- $1,315,561
- Fundraising (functional)
- $344,015
Balance sheet and other
- Total assets, start of year
- $2,786,105
- Total assets, end of year
- $8,195,363
- Total liabilities, end of year
- $5,457,359
- Net assets, end of year
- $2,738,004
- Net assets without donor restrictions
- $1,179,302
- Net assets with donor restrictions
- $1,558,702
- Gross receipts
- $4,398,731
- Employees
- 12
- Volunteers
- 0
- Year formed
- 2013
- State of legal domicile
- AL
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 |
|---|---|---|---|
| JESSICA NORWOOD | CHIEF EXECUTIVE OFFICER Officer | 40 | $199,055 |
| AISHA BLACKMAN | EMPLOYEE Highest-paid employee | 40 | $150,000 |
| JAMICA EL | EMPLOYEE Highest-paid employee | 40 | $150,000 |
| LAURIKA HARRIS-KAYE | EMPLOYEE Highest-paid employee | 40 | $150,000 |
| NAIMA M MCQUEEN | EMPLOYEE Highest-paid employee | 40 | $150,000 |
| NINA C ROBINSON | EMPLOYEE Highest-paid employee | 40 | $150,000 |
| TEUMBAY TEE BARNES | VICE PRESIDENT Officer | 2 | $0 |
| TERESA FOX BETTIS | SECRETARY Officer | 2 | $0 |
| ARIANNA MCARTHER | TREASURER Officer | 2 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JESSICA NORWOOD | CHIEF EXECUTIVE OFFICER Officer | 40 | $0 |
| TERESA FOX BETTIS | SECRETARY Officer | 2 | $0 |
| TEUMBAY BARNES | VICE PRESIDENT Officer | 2 | $0 |
| ARIANNA MCARTHER | TREASURER Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 490 LAKE PARK AVE UNIT 10481, OAKLAND, CA 94610-8017
- In care of
- % JESSICA NORWOOD
- Mailing address (990-N for 2017)
- PO BOX 388, Mobile AL 36601
- Principal officer (990 for 2024)
- JESSICA NORWOOD, POST OFFICE BOX 388, MOBILE, AL 36601
- Principal officer (990-N for 2017)
- Jessica Norwood, PO BOX 388, Mobile AL 36601
- Signed the 990
- JESSICA NORWOOD, EXECUTIVE DIRECTOR
- Phone
- (202) 247-1760
- Website
- HTTPS://WWW.RUNWAY.FAMILY/
- Return prepared by
- SCRUBBEDNET LLC
California records
California keeps its own records of charities and corporations. Search them by EIN 46-3468086 or by the name RUNWAY ROOT INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
TO PROVIDE SUPPORT TO UNDERSERVED ENTREPRENEURS AND THEIR COMMUNITIES THROUGH LOAN AND EDUCATIONAL PROGRAMS WHICH SUPPORT THEIR BUSINESSES.
Program accomplishments
- RUNWAY PROJECT PROJECT MISSION: RUNWAY IS COMMITTED TO ADVANCING BLACK RESILIENCY FOR BLACK BUSINESSES AND THE COMMUNITIES THEY SERVE BY BUILDING EMERGENT FINANCIAL PRACTICES AND INFRASTRUCTURE THAT CLOSES THE RACIAL WEALTH GAP FOR GOOD.Expenses $2,317,153 · grants $559,045 · revenue $456,347
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 February, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | February 28, 2026 | July 15, 2026 | Not on file |
| 2024 | February 28, 2025 | July 15, 2025 | Not on file |
| 2023 | February 29, 2024 | July 15, 2024 | Check at the IRS |
IRS record
- EIN
- 46-3468086
- 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
- 2018
- Accounting year ends
- February
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $8,195,363
- Income (IRS master file)
- $4,398,731
Revocation and reinstatement
- Exemption revoked
- May 15, 2018
- Posted by the IRS
- August 13, 2018
- Reinstated
- Effective May 15, 2018
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,398,731 | $3,976,729 | $8,195,363 | XML |
| 990 | December 2023 | $2,529,382 | $3,617,603 | $2,786,106 | XML |
| 990 | December 2022 | $1,956,817 | $1,527,487 | $2,939,939 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2017 Officer: Jessica Norwood | December 31, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
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 46-3468086).
Questions about RUNWAY ROOT INC
- What is the EIN of RUNWAY ROOT INC?
- The employer identification number (EIN) of RUNWAY ROOT INC is 46-3468086.
- Is RUNWAY ROOT INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2018 and reinstated it effective May 15, 2018.
- Are donations to RUNWAY ROOT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RUNWAY 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 RUNWAY ROOT INC due?
- The return for tax year 2025 (the year ending February 28, 2026) is due July 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RUNWAY 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 RUNWAY ROOT INC?
- The 990 for the year ended December 31, 2024 names JESSICA NORWOOD.
- Who are the officers and directors of RUNWAY ROOT INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 6 received compensation from the organization, the highest $199,055 (JESSICA NORWOOD, CHIEF EXECUTIVE OFFICER).
- How much revenue does RUNWAY ROOT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,398,731, expenses of $3,976,729 and total assets of $8,195,363 at year end.
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All nonprofits in OAKLAND · California · Community improvement and capacity building