Totals
- Total revenue
- $633,648
- Total expenses
- $653,275
- Contributions and grants received
- $330,417
- Grants paid
- $0
- Program service revenue
- $93,399
- Investment income
- $0
- Other revenue
- $209,832
- Total assets, end of year
- $469,242
- Total liabilities, end of year
- $482
- Net assets or fund balances, end of year
- $468,760
- Program services expenses (Part IX)
- $610,367
- Management and general expenses
- $42,908
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $610,367
Program services were 93.4% 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.
-
1b · Membership dues
$330,417
-
2a · Program service revenue: SPONSOR REVENUE
total $72,485 · related or exempt $72,485
-
2b · Program service revenue: EVENT REVENUE
total $20,625 · related or exempt $20,625
-
2f · All other program service revenue
total $289 · related or exempt $289
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: LAB REVENUE
total $209,832 · related or exempt $209,832
-
11e · Other revenue, total
$209,832
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $187,678 · program services $168,910 · management and general $18,768
-
9 · Other employee benefits
total $2,188 · program services $1,969 · management and general $219
-
10 · Payroll taxes
total $15,087 · program services $13,578 · management and general $1,509
-
11c · Fees: accounting
total $10,114 · program services $9,204 · management and general $910
-
11g · Fees: other
total $48,223 · program services $43,401 · management and general $4,822
-
12 · Advertising and promotion
total $4,920 · program services $4,428 · management and general $492
-
13 · Office expenses
total $60,086 · program services $54,077 · management and general $6,009
-
14 · Information technology
total $24,431 · program services $21,988 · management and general $2,443
-
16 · Occupancy
total $49,299 · program services $44,369 · management and general $4,930
-
17 · Travel
total $10,436 · program services $9,392 · management and general $1,044
-
22 · Depreciation, depletion and amortization
total $47,766 · program services $47,766
-
23 · Insurance
total $17,623 · program services $15,861 · management and general $1,762
-
24a · Other expenses: COGS
total $66,874 · program services $66,874
-
24b · Other expenses: CONTRACT LABOR
total $108,550 · program services $108,550
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $118,984 · end of year $132,123
-
4 · Accounts receivable
beginning of year $9,329
-
9 · Prepaid expenses and deferred charges
beginning of year $5,070 · end of year $3,700
-
10a · Land, buildings and equipment: cost or other basis
$469,531
-
10b · Land, buildings and equipment: accumulated depreciation
$136,112
-
10c · Land, buildings and equipment, net
beginning of year $355,383 · end of year $333,419
-
25 · Other liabilities
beginning of year $379 · end of year $482
-
27 · Net assets without donor restrictions
beginning of year $488,387 · end of year $468,760
Mission and programs · 2025
Mission
GROUNDSWELL PAIRS EARLY-STAGE COMPANIES WITH EXPERTS WHO KNOW THE INDUSTRY AND ARE READY TO HELP. WITH MENTORS RANGING FROM BUSINESS STRATEGY TO MANUFACTURING TO RAISING CAPITAL, GROUNDSWELL HAS THE RESOURCES FOR YOU TO IDEATE, START AND GROW.
-
PROGRAMMING: JOINING THE GROUNDSWELL NETWORK MEANS GAINING ACCESS TO RESOURCES AND WORKSHOPS SPECIFICALLY TAILORED TO YOUR NEEDS. FROM WORKSHOPS FOR ASPIRING ENTREPRENEURS LOOKING TO TEST THEIR APTITUDE TO GROWING COMPANIES FINDING PROVEN STRATEGIES TO SCALE, GROUNDSWELL IS HERE TO HELP. MENTORSHIP: GROUNDSWELL PAIRS EARLY-STAGE COMPANIES WITH EXPERTS WHO KNOW THE INDUSTRY AND ARE READY TO HELP. WITH MENTORS RANGING FROM BUSINESS STRATEGY TO MANUFACTURING TO RAISING CAPITAL, GROUNDSWELL HAS THE RESOURCES FOR YOU TO IDEATE, START AND GROW. COWORKING: WHY WORK IN A COFFEE SHOP WHEN YOU CAN ACCESS FREE COFFEE AND BEER, SURF THE FASTEST WIFI IN TOWN AND COLLABORATE WITH OTHER LOCAL ENTREPRENEURS, ALL FROM A RIVERSIDE SPACE WITHIN WALKING DISTANCE OF DOWNTOWN MELBOURNES MANY BARS AND RESTAURANTS. EVENTS: SOMETHINGS ALWAYS GOING ON AT GROUNDSWELL. FEATURED FOUNDER TALKS, LIGHTNING DISCUSSIONS AND MORE IN-DEPTH ROUNDTABLES OFFER UNIQUE PERSPECTIVES, KEY EXPERT INSIGHTS AND OPPORTUNITIES FOR FOUNDERS TO SHARE THEIR CHALLENGES AND RECEIVE AN OUTSIDE OPINION. EVENTS: SOMETHINGS ALWAYS GOING ON AT GROUNDSWELL. FEATURED FOUNDER TALKS, LIGHTNING DISCUSSIONS AND MORE IN-DEPTH ROUNDTABLES OFFER UNIQUE PERSPECTIVES, KEY EXPERT INSIGHTS AND OPPORTUNITIES FOR FOUNDERS TO SHARE THEIR CHALLENGES AND RECEIVE AN OUTSIDE OPINION.
Expenses $610,367
As filed on the 2025 return.
Listed in Part VII
-
Bud DeffenbachBUD DEFFENBACH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Mark MohlerMARK MOHLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
John VecchioJOHN VECCHIO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Mamoon RashidMAMOON RASHID
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Ruchir GuptaRUCHIR GUPTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Ryan BaileyRYAN BAILEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Sallie HalseySALLIE HALSEY
CSO
- Total calculated
- $0
- Hours/week
- 0
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 4 February 2026
- IRS schema version
- 2025v4.0
- Source object
- 202600899349300420
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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