Grant Funder Grant Recipient
Organizations Spruce Root INC

Spruce Root INC

IMPROVING ECONOMIC CONDITIONS IN SOUTHEAST ALASKA COMMUNITIES THROUGH INNOVATION, SUSTAINABILITY, CAPACITY DEVELOPMENT AND COLLABORATION. THE CDFI PROVIDES MICRO AND SMALL BUSINESS LOANS TO ELIGIBLE BORROWERS IN THOSE COMMUNITIES.

Source: IRS Form 990
Public Charity 501(c)(3) NTEE S30
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Organization Overview

ONE SEALASKA PLAZA SUITE 400
JUNEAU, AK 99801
EIN
45-4295940
Earliest Filing
2017
Organization Type
Public Charity
Deductibility Status
Contributions are tax-deductible

Grants Given by Year

$1M$511K$0
$54K
$68K
$557K
$497K
$1M
$908K
201720192020202120232024

Grants Received by Year

This organization also receives grants. See Funding Received below for details.

$638K$319K$0
$252K
$184K
$395K
$638K
$257K
20182019202020212022
Total Grants Given
$3.1M
All Years
Filings on File
6
Tax Years
NTEE Category
S30
Economic Development

IRS Classification Codes

NTEE Code
S30
Economic Development

Organizations whose primary purpose is to stimulate the economy, expand employment opportunities, encourage the establishment and growth of commerce and industry and otherwise enhance the economic development of the community.

The National Taxonomy of Exempt Entities (NTEE) code is a four digit code used to classify an exempt IRC 501(c)(3) organization.

Subsection Code
03
Private operating foundation (other)

Subsection Codes are the codes shown under section 501(c) of the Internal Revenue Code of 1986 which define the category under which an organization may be exempt.

Asset Code
6
1,000,000 - 4,999,999

Asset Codes relate to the amount of assets shown on the most recent Form 990 series return filed by the organization.

Affiliation Code
3
Independent - This code is used if the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).

Affiliation Code defines the organizational grouping.

Deductibility Code
1
Contributions are deductible.

Deductibility Code signifies whether contributions made to an organization are deductible.

Supplemental Information (2024)

ALL GRANTS WERE DISTRIBUTED IN ACCORDANCE WITH THE PATH TO PROPERITY COMPETITION RULES OR SUSTAINABLE SOUTHEAST PARTNERSHIP PARTNERSHIP AGREEMENTS. A COMPLETE SET OF RULES IS AVAILABLE AT SPRUCEROOT.ORG. FUNDS ARE DISBURSED TO AWARD RECIPIENTS UPON RECEIPT OF DOCUMENTATION SUPPORTING COVERED EXPENDITURES OR ARE PAID DIRECTLY TO THIRD PARTY VENDORS FOR AUTHORIZED GOODS OR SERVICES.

Source: IRS Form 990 Schedule I supplemental information.

Funding Received

Verified from IRS Form 990 Schedule I filings by this organization's funders - 26 grants from 15 funders, 2018-2022.

Funder Year Amount Purpose
CALIFORNIA COMMUNITY FOUNDATION 2022 $150K ENVIRONMENT
OWEESTA CORPORATION 2022 $75K MATCHING GRANT
THE NATURE CONSERVANCY 2022 $12K CONSERVATION ACTIVITIES
EVERGREEN BUSINESS CAPITAL FOUNDATION 2022 $10K CHARITY SUPPORT
THE AVISTA FOUNDATION 2022 $10K Path to Prosperity
WK Kellogg Foundation 2021 $230K support community engagement, access to capital, and narrative change through the continuation of the Sustainable Southeast Partnership
MARGARET A CARGILL FOUNDATION 2021 $150K CAPACITY BUILDING SUPPORT
NATIONAL FOREST FOUNDATION 2021 $100K SUPPORT US NATIONAL FORESTS AND GRASSLANDS
CALIFORNIA COMMUNITY FOUNDATION 2021 $75K ENVIRONMENT
FIDELITY INVESTMENTS CHARITABLE GIFT FUND 2021 $40K For grant recipient's exempt purposes
OPPORTUNITY FINANCE NETWORK 2021 $25K NATIVE CDFI SEED CAPITAL AWARD GRANT
Evergreen Business Capital Foundation 2021 $10K Charity support
Oweesta Corporation 2021 $8K UBS Sub Grant
AMAZONSMILE FOUNDATION 2021 $54 GENERAL SUPPORT
WK Kellogg Foundation 2020 $170K support community engagement, access to capital, and narrative change through the continuation of the Sustainable Southeast Partnership
ALASKA CONSERVATION FOUNDATION 2020 $120K COORDINATION
CALIFORNIA COMMUNITY FOUNDATION 2020 $75K Environment
RASMUSON FOUNDATION 2020 $25K OPERATIONAL SUPPORT IN JUNEAU
RASMUSON FOUNDATION 2020 $5K GENERAL SUPPORT
AMAZONSMILE FOUNDATION 2020 $37 GENERAL SUPPORT
First Nations Oweesta Corporation 2019 $101K Travel (professional development) and lending capital
NATURE CONSERVANCY 2019 $60K Conservation Activities
SEALASKA HERITAGE INSTITUTE 2019 $15K TRAYLS SUMMER 2019
CREDIT BUILDERS ALLIANCE INC 2019 $8K PROGRAM SERVICE
Alaska Conservation Foundation 2018 $227K Sustainability, Reg Catalyst, Position Support
RASMUSON FOUNDATION 2018 $25K KETCHIKAN CENTER FOR INNOVATION AND ENTREPRENEURSHIP ALASKA
Source: Provided by the organization

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