Organizations Filed Purposes:
The New Roots Fund helps refugees, asylees, and low-income individuals achieve economic self-sufficiency. The Fund accomplishes this by providing business capital and technical assistance. Formed in 2011 and associated with the Diocese of Olympia, NRF is an independent 501(c)3.
OVERALL PROGRAM. In 2019 the New Roots Fund met its mission of providing business education through classes of approximately 15 individual entrepreneurs held twice each quarter. During these classes the basics of business development and planning were described and discussed. Most graduates of the training produced a simple business plan and various kinds of cash flow charts. The fund made 45 loans and by the end of 2019 and had a loan portfolio of 88 loans. Loans were made to businesses in King, Pierce and Snohomish counties. In addition to loans, NRF opened 50 Individual development accounts to help refugees save for a business start or expansion and receive grants of up to $4,000 to match their savings. Also in 2019 the Organization benefited from the work of volunteers with business experience who provided one-on-one help to our clients to develop business plans and cash flow charts. Volunteers also assisted with translation during training classes held at the Burien Community Center on weekends twice each quarter.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Mahnaz Eshetu | Director | 1 | $0 |
| Abdinasir Mohamed | Director | 1 | $0 |
| Joann Ware | Director | 1 | $0 |
| Patty Grossman | Treasurer | 1.5 | $0 |
| Antoinette Marasigan | Secretary | 1.5 | $0 |
| Michael Blumson | Chairman | 2 | $0 |
| Greg Hope | Executive Director | 15 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202023219349325037_public.xml