Nonprofit · EIN 85-2112719
ROOTS FUND INCORPORATED
Tax-exempt · STAMFORD, CT 06905
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $674,901 | $549,739 | $125,162 | $122,197 | $19,593 | $102,604 |
| December 31, 2024 | 990 | $302,899 | $341,699 | -$38,800 | $6,471 | $29,029 | -$22,558 |
| December 31, 2023 | 990 | $872,267 | $942,692 | -$70,425 | $125,365 | $113,953 | $11,412 |
| December 31, 2022 | 990 | $1,020,514 | $1,065,962 | -$45,448 | $135,421 | $54,260 | $81,161 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $674,901
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $135,083
- Other salaries and wages
- $162,932
- Salaries, compensation and benefits (total)
- $176,307
- Professional fundraising fees
- $0
- Legal fees
- $1,433
- Accounting fees
- $2,531
- Travel
- $14,443
- Depreciation
- $1,450
- Program services (functional)
- $481,332
- Management and general (functional)
- $30,531
- Fundraising (functional)
- $37,876
Balance sheet and other
- Total assets, start of year
- $6,471
- Total assets, end of year
- $122,197
- Total liabilities, end of year
- $19,593
- Net assets, end of year
- $102,604
- Land, buildings and equipment
- $1,254
- Net assets without donor restrictions
- $102,604
- Gross receipts
- $674,901
- Employees
- 4
- Volunteers
- 0
- Year formed
- 2019
- State of legal domicile
- CT
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 |
|---|---|---|---|
| IKIMI WOODSON | EXECUTIVE DIRECTOR Trustee or director, Officer | 1 | $113,173 |
| CARLTON MCCOY JR | DIRECTOR/CHAIRMAN Trustee or director | 0 | $0 |
| ZOHNA JONES | DIRECTOR Trustee or director | 0 | $0 |
| JEREMY SEYSSES | DIRECTOR Trustee or director | 0 | $0 |
| SANTOSH VARGHESE | DIRECTOR Trustee or director | 0 | $0 |
| DARRYL MATTHEWS | TREASURER Trustee or director, Officer | 0 | $0 |
| JAMILA JANNEH | SECRETARY Officer | 0 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| IKIMI WOODSON | EXECUTIVE DIRECTOR Trustee or director, Officer | 1 | $60,747 |
| CARLTON MCCOY JR | TREASURER Trustee or director, Officer | 0 | $0 |
| MICHELLE MICHON | SECRETARY Trustee or director, Officer | 0 | $0 |
| JEREMY SEYSSES | DIRECTOR Trustee or director | 0 | $0 |
| SANTOSH VARGHESE | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ikimi Woodson | Executive Director Officer | 0 | $102,030 |
990 for the year ended December 31, 2022: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ikimi Woodson | Executive Director Officer | 0 | $107,643 |
Address and contacts
- Address (IRS master file)
- 1127 HIGH RIDGE ROAD SUITE 117, STAMFORD, CT 06905-1203
- Principal officer (990 for 2025)
- IKIMI WOODSON, 1127 HIGH RIDGE ROAD SUITE 117, STAMFORD, CT 06905
- Signed the 990
- IKIMI WOODSON, EXECUTIVE DIRECTOR
- Phone
- (718) 691-8922
- Return prepared by
- PRESTI & NAEGELE LLC
Mission
THE ROOTS FUND WAS CREATED TO EMPOWER COMMUNITIES OF COLOR BY PROVIDING RESOURCES AND FINANCIAL SUPPORT THROUGH EDUCATIONAL SCHOLARSHIPS, WINE EDUCATION, MENTORSHIP, AND CAREER PLACEMENT. THE ROOTS FUND IS COMMITTED TO INVESTING IN COMMUNITIES OF COLOR TO PROVIDE OPPORTUNITIES TO THOSE SEEKING A CAREER/EDUCATION IN ALL ASPECTS OF WINE.
Program accomplishments
- OUR SCHOLARSHIPS INCREASED BY 50%, WITH OFFERING INTO THE COURT MASTERS SOMMELIER, WINE SCHOLARS GUILD, AND OFFERING TUITION TO WASHINGTON STATE FOR A NEW ENOLOGY PROGRAM. WE EXECUTED A VARIETY OF TUTORING PROGRAMS IN ENGLISH AND FRENCH FOR BEVERAGE PROFESSIONALS. THIS WORK LANDED US RECOGNITION ON CBS FOR OUR CONTRIBUTIONS TO EDUCATION IN WINE FOR PEOPLE OF COLOR.Expenses $350,707 · grants $135,083
- TO BE SUCCESSFUL IN CERTIFICATIONS AND KNOWLEDGE YOU MUST TRAVEL THE WINE WORLD. SCHOLARS TRAVELED TO FRANCE, OREGON, FINGER LAKES, AND CALIFORNIA. SCHOLARS LIVED IN THESE REGIONS, STUDIED THE CULTURE, ATE THE FOOD, AND DRANK WINES WITH THE BEST PRODUCERS IN THE WORLD. THESE EXPERIENCES MAY HAVE BEEN THE FIRST TRAVEL EXCURSIONS FOR MANY SCHOLARS. THESE ENRICHMENT TRIPS BRING THE BOOK STUDIES TO LIFE.Expenses $130,625
- CAREER DEVELOPMENT - 60% OF THE SCHOLARS IN OUR PROGRAM WERE PLACED IN CAREERS IN WINE & SPIRITS. DESPITE RESTAURANT CLOSURES AND HOSPITALITY PROGRAMS MINIMIZING STAFF, WE WERE ABLE TO HELP PLACE MOST OF OUR SCHOLARS. BUILDING EXTENSIVE CAREER PATHWAYS WITH LEVELS OF MENTORSHIP AND NETWORKING HAS BROUGHT SUCCESS. 40% OF OUR SCHOLARS LANDED IN EARLY MANAGEMENT ROLES THAT WILL ELAD TO PROMOTIONS WITHIN 18 MONTHS OF EMPLOYMENT.
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
- 85-2112719
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B60)
- Assets (IRS master file)
- $122,197
- Income (IRS master file)
- $674,901
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $674,901 | $549,739 | $122,197 | XML |
| 990 | December 2024 | $302,899 | $341,699 | $6,471 | IRS |
| 990 | December 2023 | $872,267 | $942,692 | $125,365 | XML |
| 990 | December 2022 | $1,020,514 | $1,065,962 | $135,421 | XML |
| 990 | December 2021 | $416,741 | $493,763 | $165,204 | IRS |
| 990 | December 2020 | – | – | – | 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 85-2112719).
Questions about ROOTS FUND INCORPORATED
- What is the EIN of ROOTS FUND INCORPORATED?
- The employer identification number (EIN) of ROOTS FUND INCORPORATED is 85-2112719.
- Is ROOTS FUND INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to ROOTS FUND INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ROOTS FUND INCORPORATED 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 ROOTS FUND INCORPORATED 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 ROOTS FUND INCORPORATED 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 ROOTS FUND INCORPORATED?
- The 990 for the year ended December 31, 2025 names IKIMI WOODSON.
- Who are the officers and directors of ROOTS FUND INCORPORATED?
- The 990 for the year ended December 31, 2025 lists 7 people; 1 received compensation from the organization, the highest $113,173 (IKIMI WOODSON, EXECUTIVE DIRECTOR).
- How much revenue does ROOTS FUND INCORPORATED have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $674,901, expenses of $549,739 and total assets of $122,197 at year end.
Other nonprofits in STAMFORD
- KING SCHOOL INCORPORATED EIN 06-1229222 · last filed 990 for 2025
- FERGUSON LIBRARY EIN 06-0646528 · last filed 990 for 2025
- WATERSIDE SCHOOL INC EIN 06-1609222 · last filed 990 for 2025
- WOMENS BUSINESS DEVELOPMENT COUNCIL INC EIN 06-1493737 · last filed 990 for 2025
- STAMFORD CHARTER SCHOOL FOR EXCELLENCE INC EIN 47-2465564 · last filed 990 for 2025
- GARDEN HOMES FUND EIN 06-1043730 · last filed 990-PF for 2025
- CHILDRENS SCHOOL INC EIN 06-1104354 · last filed 990 for 2025
- GAN YELADIM OF STAMFORD INC EIN 38-3945576 · last filed 990 for 2025