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Nonprofiteer
← GROUNDED FOUNDATION INC

Form 990 for tax year 2023

Filed by GROUNDED FOUNDATION INC.

Totals

Total revenue
$836,584
Total expenses
$755,845
Contributions and grants received
$836,584
Grants paid
$627,500
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,564
Total liabilities, end of year
$428,575
Net assets or fund balances, end of year
-$425,011
Program services expenses (Part IX)
$627,500
Management and general expenses
$128,345
Fundraising expenses
$0
Program service expenses (Part III)
$627,500

Program services were 83.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $836,584

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $627,500 · program services $627,500

  • 11c · Fees: accounting

    total $28,200 · management and general $28,200

  • 12 · Advertising and promotion

    total $100,000 · management and general $100,000

  • 13 · Office expenses

    total $145 · management and general $145

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,000 · end of year $3,564

  • 17 · Accounts payable and accrued expenses

    beginning of year $253,750 · end of year $3,575

  • 18 · Grants payable

    beginning of year $250,000 · end of year $425,000

  • 25 · Other liabilities

    beginning of year $3,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$505,750 · end of year -$437,511

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $12,500

Mission and programs · 2023

Mission

ADVANCE AND AMPLIFY EARTH-BASED CLIMATE CHANGE SOLUTIONS.

  • PROVIDE FUNDING TO ON-THE-GROUND NON-PROFIT ORGANIZATIONS WHOSE PURPOSES ALIGN WITH THE ORGANIZATION'S THREE FOCUS AREAS:1.1 STOP EMISSIONS BY TRANSITIONING TO CLEAN OR RENEWABLE ENERGY.1.2 REVERSE EMISSIONS THROUGH CARBON SEQUESTRATION OR BY PROTECTING OR RESTORING NATURAL CARBON SINKS.1.3 PREVENT FURTHER ENVIRONMENTAL DAMAGE BY PURSUING INNOVATIVE LEGAL STRATEGIES TO PROTECT THE RIGHTS OF NATURE.

    Expenses $627,500 · Grants $627,500

As filed on the 2023 return.

Listed in Part VII

  • Julia Jackson

    DIRECTOR AND PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Ernie Patterson

    TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
6 May 2024
IRS schema version
2023v5.0
Source object
202411299349302726

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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