Loading organization details...
Loading organization details...
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$6.8M
Program Spending
87%
of total expenses go to program services
Total Contributions
$148.2K
Total Expenses
▼$3.9M
Total Assets
$190.1M
Total Liabilities
▼$180.7M
Net Assets
$9.5M
Officer Compensation
→$1M
Other Salaries
$400.1K
Investment Income
$508
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$6.7M
Awards Found
25
Department of Health and Human Services
$500K
ADDRESSING FUNDING GAPS FOR EARLY CHILDCARE FACILITIES AND THE INCREASED AVAILABILITY OF AFFORDABLE CHILDCARE IN DEKALB COUNTY - THREE ROOTS CAPITAL WILL USE $500,000 IN CED FUNDS TO MAKE A LOAN A START-UP CHILD CARE PROVIDER, FOR THE ACQUISITION AND REUSE OF A FORMER CHURCH AS AN EARLY LEARNING CENTER IN SMITHVILLE, TENNESSEE. THIS PROJECT WILL CREATE 15 NEW, PERMANENT FULL-TIME JOBS. POSITIONS WILL INCLUDE A CENTER DIRECTOR, ASSISTANT DIRECTOR, LEAD AND ASSISTANT TEACHERS, ADMINISTRATIVE STAFF, AND KITCHEN STAFF. THROUGH PARTNERSHIPS WITH TENNESSEE CHILD CARE RESOURCE & REFERRAL, THE TENNESSEE DEPARTMENT OF HUMAN SERVICES, AND THE UPPER CUMBERLAND DEVELOPMENT DISTRICT, EMPLOYEES WILL HAVE ACCESS TO TRAINING, PROFESSIONAL DEVELOPMENT, AND WORKFORCE SUPPORT SERVICES. THE CENTER WILL PROVIDE 90 LICENSED SPACES FOR INFANTS, TODDLERS, PRESCHOOL-AGE CHILDREN, AND SCHOOL-AGE CHILDREN. THIS WILL HELP ADDRESS DEKALB COUNTY’S LOW CHILD CARE CAPACITY, HIGH CHILDCARE COST BURDEN, POVERTY, AND UNEMPLOYMENT WHILE SUPPORTING FAMILY WORKFORCE PARTICIPATION
Department of Agriculture
$261.5K
RURAL COOPERATIVE DEVELOPMENT INITIATIVE GRANTS
Department of Commerce
$250K
PLANNING AND LAUNCHING A TENNESSEE PROOF OF CONCEPT SEED FUND - TENNESSEED FUND
Department of Energy
$240K
AMP! ADVANCED MANUFACTURING AND PROTOTYPE CENTER
Department of Health and Human Services
$150K
ADDRESSING THE FUNDING GAPS FOR EARLY CHILDCARE CENTERS
Department of Agriculture
$100K
SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN)
Department of Agriculture
$61.8K
SEC. 6022 RMAP-RURAL MICRO DEVELOP ORGANIZATIONS GRANTS (DISC)
Department of Agriculture
$57.6K
SEC. 6022 RMAP-RURAL MICRO DEVELOP ORGANIZATIONS GRANTS (DISC)
Department of Agriculture
$49.3K
SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN)
Department of Agriculture
$33.9K
SEC. 6022 RMAP-RURAL MICRO DEVELOP ORGANIZATIONS GRANTS (DISC)
Department of Agriculture
$16.6K
SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN)
Department of Agriculture
$0
SEC. 6022 RMAP-RURAL MICRO ASSISTANCE GRANTS (DISC)
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
2
Clean Audits
2
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2022 | Clean | Unmodified (Clean) | $2M | No | 2023-05-09 |
| 2021 | Clean | Unmodified (Clean) | $1.4M | No | 2022-05-11 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.4M
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $6.8M | $148.2K | $3.9M | $190.1M | $9.5M |
| 2023 | $3.8M | $312.6K | $2.2M | $176.3M | $6.6M |
| 2022 | $3.5M | $1.2M | $1.7M | $128.7M | $5M |
| 2021 | $3.1M | $1.2M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Grady Vanderhoofven | President & CEO | 40 | $565.4K | $0 | $51.7K | $617.1K |
| Chris Miller | Chief Financial Officer | 40 | $264.1K | $0 | $35.2K | $299.4K |
| David Bradshaw | Chairman | 1 | $0 | $0 | $0 | $0 |
Grady Vanderhoofven
President & CEO
$617.1K
Hrs/Wk
40
Compensation
$565.4K
Related Orgs
$0
Other
$51.7K
Chris Miller
Chief Financial Officer
$299.4K
Hrs/Wk
40
Compensation
$264.1K
Related Orgs
$0
Other
$35.2K
David Bradshaw
Chairman
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Dennis Corley Director Of Small | Director, Lending & Investing | 40 | $174.8K | $0 | $30.5K | $205.3K |
Dennis Corley Director Of Small
Director, Lending & Investing
$205.3K
Hrs/Wk
40
Compensation
$174.8K
Related Orgs
$0
Other
$30.5K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Fred Tompkins | Director | 1 | $0 | $0 | $0 | $0 |
| L Ray Moncrief | Director | 1 | $0 | $0 | $0 | $0 |
| Marianne Wanamaker | Director | 1 | $0 | $0 | $0 | $0 |
Fred Tompkins
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
L Ray Moncrief
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Marianne Wanamaker
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $1.4M |
| $108.5M |
| $3.2M |
| 2020 | $1.9M | $266.5K | $1.2M | $86.9M | $1.5M |
| 2019 | $1.7M | $244K | $1.4M | $84M | $885.9K |
| 2018 | $979.1K | $309.8K | $844.3K | $66.1M | $569.3K |
| 2017 | $718.2K | $344.6K | $660.8K | $51.3M | $434.5K |
| 2016 | -$81K | $140.1K | $878.9K | $15.5M | $377.1K |
| 2015 | $1.6M | $615.6K | $1.8M | $1.6M | $1.3M |
| 2014 | $1.6M | $792.1K | $1.9M | $1.7M | $1.5M |
| 2013 | $2.8M | $615.7K | $2.9M | $2.1M | $1.8M |
| 2012 | $2M | $216.4K | $2.3M | $3.1M | $1.8M |
| 2011 | $3M | $97.9K | $3M | $3.4M | $2.1M |
| 2021 | 990 | Data |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |