Nonprofit · EIN 62-1624472
THREE ROOTS CAPITAL
Tax-exempt · KNOXVILLE, TN 37934
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $9,403,951 | $4,930,220 | $4,473,731 | $224,320,842 | $210,382,419 | $13,938,423 |
| December 31, 2024 | 990 | $6,836,645 | $3,921,971 | $2,914,674 | $190,127,014 | $180,662,322 | $9,464,692 |
| December 31, 2023 | 990 | $3,754,391 | $2,155,921 | $1,598,470 | $176,294,267 | $169,744,249 | $6,550,018 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $112,980
- of which government grants
- $112,980
- Program service revenue
- $9,290,662
- Investment income
- $309
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $909,592
- Other salaries and wages
- $913,365
- Salaries, compensation and benefits (total)
- $2,032,986
- Professional fundraising fees
- $0
- Legal fees
- $57
- Occupancy
- $109,669
- Travel
- $60,661
- Depreciation
- $18,604
- Program services (functional)
- $4,055,996
- Management and general (functional)
- $874,224
Balance sheet and other
- Total assets, start of year
- $190,127,014
- Total assets, end of year
- $224,320,842
- Total liabilities, end of year
- $210,382,419
- Net assets, end of year
- $13,938,423
- Land, buildings and equipment
- $48,371
- Net assets without donor restrictions
- $13,938,423
- Gross receipts
- $9,403,951
- Employees
- 8
- Volunteers
- 4
- Year formed
- 1995
- State of legal domicile
- TN
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GRADY VANDERHOOFVEN | PRESIDENT & CEO Trustee or director, Officer | 40 | $602,840 | $60,059 |
| CHRIS MILLER | SECRETARY & TREASURER Officer | 40 | $306,751 | $42,985 |
| DENNIS CORLEY | DIRECTOR OF BUSINESS LENDING Highest-paid employee | 40 | $203,937 | $38,671 |
| KEITH HICKEY | CHIEF LENDING OFFICER Highest-paid employee | 40 | $220,564 | $16,151 |
| KEVIN MCDONNELL | CONTROLLER Highest-paid employee | 40 | $132,920 | $28,076 |
| L RAY MONCRIEF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FRED TOMPKINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARIANNE WANAMAKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID BRADSHAW | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GRADY VANDERHOOFVEN | PRESIDENT & CEO Trustee or director, Officer | 40 | $565,384 | $51,739 |
| CHRIS MILLER | CHIEF FINANCIAL OFFICER Officer | 40 | $264,143 | $35,246 |
| DENNIS CORLEY DIRECTOR OF SMALL | DIRECTOR, LENDING & INVESTING Highest-paid employee | 40 | $174,802 | $30,485 |
| L RAY MONCRIEF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FRED TOMPKINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARIANNE WANAMAKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID BRADSHAW | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GRADY VANDERHOOFVEN | PRESIDENT & CEO Trustee or director, Officer | 40 | $398,772 | $55,937 |
| CHRIS MILLER | TREASURER/SECRETARY Officer | 40 | $198,925 | $29,993 |
| DENNIS CORLEY | BUSINESS DEVELOPMENT Highest-paid employee | 40 | $157,924 | $27,822 |
| L RAY MONCRIEF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FRED TOMPKINS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARIANNE WANAMAKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID BRADSHAW | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 12640 KINGSTON PIKE, KNOXVILLE, TN 37934-2954
- Principal officer (990 for 2025)
- KEVIN MCDONNELL, 12640 KINGSTON PIKE, KNOXVILLE, TN 37934
- Signed the 990
- KEVIN MCDONNELL, TREASURER/SECRETARY
- Phone
- (865) 220-1710
- Website
- WWW.3ROOTSCAPITAL.ORG
- Return prepared by
- ELLIOTT DAVIS ADVISORY LLC
Mission
COMMUNITY DEVELOPMENT IN TENNESSEE AND APPALACHIA THROUGH ACCESS TO CAPITAL AND JOB CREATION.
Program accomplishments
- 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.Expenses $3,552,105 · revenue $9,290,662
- BUSINESS COACHING - THREE ROOTS CAPITAL PROVIDES BUSINESS COACHING TO CLIENT COMPANIES AND COMMUNITY PARTNERS THROUGH TECHNICAL ASSISTANCE, MENTORSHIP, COACHING, AND OTHER ENGAGEMENT ACTIVITIES.Expenses $500,896
- 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.Expenses $2,995
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 | 990 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
- 62-1624472
- 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
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $224,320,842
- Income (IRS master file)
- $9,403,951
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $9,403,951 | $4,930,220 | $224,320,842 | XML |
| 990 | December 2024 | $6,836,645 | $3,921,971 | $190,127,014 | XML |
| 990 | December 2023 | $3,754,391 | $2,155,921 | $176,294,267 | XML |
| 990 | December 2022 | $3,463,266 | $1,728,290 | $128,659,022 | 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 62-1624472).
Questions about THREE ROOTS CAPITAL
- What is the EIN of THREE ROOTS CAPITAL?
- The employer identification number (EIN) of THREE ROOTS CAPITAL is 62-1624472.
- Is THREE ROOTS CAPITAL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to THREE ROOTS CAPITAL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THREE ROOTS CAPITAL 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 THREE ROOTS CAPITAL due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THREE ROOTS CAPITAL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of THREE ROOTS CAPITAL?
- The 990 for the year ended December 31, 2025 names KEVIN MCDONNELL.
- Who are the officers and directors of THREE ROOTS CAPITAL?
- The 990 for the year ended December 31, 2025 lists 9 people; 5 received compensation from the organization, the highest $602,840 (GRADY VANDERHOOFVEN, PRESIDENT & CEO).
- How much revenue does THREE ROOTS CAPITAL have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $9,403,951, expenses of $4,930,220 and total assets of $224,320,842 at year end.
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