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Nonprofiteer
← GROVE PARK FOUNDATION INC

Form 990 for tax year 2024

Filed by GROVE PARK FOUNDATION INC.

Totals

Total revenue
$3,622,967
Total expenses
$2,672,075
Contributions and grants received
$2,993,187
Grants paid
$201,061
Program service revenue
$12,500
Investment income
$233,016
Other revenue
$384,264
Total assets, end of year
$28,296,589
Total liabilities, end of year
$17,961,202
Net assets or fund balances, end of year
$10,335,387
Program services expenses (Part IX)
$1,581,805
Management and general expenses
$875,901
Fundraising expenses
$214,369
Program service expenses (Part III)
$1,581,805

Program services were 59.2% 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.

  • 1c · Fundraising events

    $341,703

  • 1e · Government grants (contributions)

    $250,000

  • 1f · All other contributions, gifts and grants

    $2,401,484

  • 2a · Program service revenue: BREAKING BARRIERS FEE

    total $12,500 · related or exempt $12,500

  • 3 · Investment income

    total $233,016 · excluded $233,016

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $521,151

  • 6c · Rental income or loss

    real property $521,151 · personal property $0

  • 6d · Net rental income or loss

    total $521,151 · excluded $521,151

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $7,400

  • 8a · Fundraising events: contributions included on line 1c

    $341,703

  • 8b · Fundraising events: direct expenses

    $162,296

  • 8c · Net income from fundraising events

    total -$154,896 · excluded -$154,896

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $18,009 · related or exempt $18,009

  • 11e · Other revenue, total

    $18,009

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $201,061 · program services $201,061

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $185,945 · program services $110,493 · management and general $75,452

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $303,960 · program services $180,620 · management and general $123,340

  • 8 · Pension plan contributions

    total $5,467 · program services $3,249 · management and general $2,218

  • 9 · Other employee benefits

    total $34,335 · program services $20,403 · management and general $13,932

  • 10 · Payroll taxes

    total $35,456 · program services $21,069 · management and general $14,387

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $4,407 · management and general $4,407

  • 11c · Fees: accounting

    total $206,317 · management and general $206,317

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $131,388 · fundraising $131,388

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $509,273 · program services $278,290 · management and general $163,188 · fundraising $67,795

  • 12 · Advertising and promotion

    total $37,767 · program services $36,414 · management and general $838 · fundraising $515

  • 13 · Office expenses

    total $5,576 · program services $1,311 · management and general $2,805 · fundraising $1,460

  • 14 · Information technology

    total $25,243 · program services $13,792 · management and general $5,791 · fundraising $5,660

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $469,051 · program services $469,051

  • 17 · Travel

    total $7,685 · program services $2,028 · management and general $5,657

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $33,690 · program services $22,288 · management and general $11,402

  • 20 · Interest

    total $24,251 · program services $15,647 · management and general $8,604

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $364,257 · program services $141,097 · management and general $223,160

  • 23 · Insurance

    total $22,019 · program services $11,350 · management and general $10,119 · fundraising $550

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $64,927 · program services $53,642 · management and general $4,284 · fundraising $7,001

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,183,053 · end of year $3,754,439

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $1,910,837 · end of year $1,200,746

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $14,451,000 · end of year $14,451,000

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $54,436 · end of year $17,139

  • 10a · Land, buildings and equipment: cost or other basis

    $10,281,387

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,439,564

  • 10c · Land, buildings and equipment, net

    beginning of year $8,420,852 · end of year $8,841,823

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $31,442 · end of year $31,442

  • 17 · Accounts payable and accrued expenses

    beginning of year $292,669 · end of year $304,741

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $15,877,871 · end of year $15,364,295

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $1,892,166 · end of year $1,792,166

  • 24 · Unsecured notes and loans payable

    beginning of year $500,000 · end of year $500,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $4,862,984 · end of year $5,959,666

  • 28 · Net assets with donor restrictions

    beginning of year $4,625,930 · end of year $4,375,721

Mission and programs · 2024

Mission

THE FOUNDATION IS DEDICATED TO REVITALIZING THE GROVE PARK NEIGHBORHOOD AND IMPROVING THE QUALITY OF LIFE BY WORKING WITH LOCAL PARTNERS, LEADERS, AND RESIDENTS TO CREATE A HEALTHY, EQUITABLE, AND VIBRANT COMMUNITY.

Activities or mission (Part I)

GROVE PARK FOUNDATION IS WORKING WITH THE RESIDENTS OF THE GROVE PARK NEIGHBORHOOD TO BREAK THE GENERATIONAL CYCLE OF POVERTY. SEE SCH O FOR DETAILS.

  • ECONOMIC MOBILITY: ATTRACT NEW PARTNERS AND COLLABORATE WITH EXISTING ONES TO FOCUS JOB/WORKFORCE AND ENTREPRENEURIAL TRAINING PROGRAMS. INCORPORATE MIXED-USE PROPERTIES WITH HOUSING, OFFICE, AND RETAIL COMPONENTS. RECRUIT AND INCENTIVIZE NEW BUSINESSES IN VIABLE EMPLOYMENT CENTERS. OBTAIN OPPORTUNITY ZONE DESIGNATION TO ENCOURAGE JOB GROWTH AND OPPORTUNITY. ADVOCATE FOR IMPROVED TRANSIT CONNECTIVITY TO SUPPORT BETTER ACCESS TO JOBS.

    Expenses $390,121 · Grants $201,061 · Revenue $30,509

  • ECONOMIC DEVELOPMENT: DEVELOP HIGH QUALITY AND AFFORDABLE COMMERCIAL AND MIXED USE SPACE ON MAIN STREET BY RENOVATING THE HISTORIC GROVE THEATRE AS A CENTER FOR EVENTS AND COMMUNITY ARTS AND CREATING ADDITIONAL RETAIL SPACE AT THE CORNER MARKET AT HOLLOWELL FOR SMALL BUSINESS INCUBATION AND DEVELOPMENT AND PROVIDING NEEDED COMMERCIAL SERVICES FOR THE COMMUNITY SUCH AS BANKING.

    Expenses $298,421

  • HOUSING: STABILIZE EXISTING HOMEOWNERS. REHABILITATE DAMAGED HOMES. BUILD NEW AFFORDABLE AND WORKFORCE MULTI-FAMILY HOUSING UNITS. REDUCE TRANSIENCY, VACANT LOTS, AND DILAPIDATED STRUCTURES. PROVIDE A PATHWAY FROM RENTAL TO HOME OWNERSHIP THROUGH DOWN PAYMENT ASSISTANCE, HOUSING CREDITS, AND FAVORABLE MORTGAGE LENDING.

    Expenses $543,439

  • EDUCATION

    Expenses $349,824

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gavin McGuire

    EXECUTIVE DIRECTOR

    Total calculated
    $184,526
    From this org
    $166,375
    From related orgs
    $0
    Other
    $18,151
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $165,000
    Bonus
    $1,375
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $19,570
    Filer's total
    $185,945

  • Adrienne White

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Friedman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carol Waddy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daniel Gura

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Janita Green

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Leonard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Katerina Taylor

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Larry Stewart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laura Heery

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marlena Norris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Misty Fernandez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rachelle Kuramoto

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Tj Austin

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Torian Robinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Harold Buckley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joel Dixon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marquita Jackson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Torian Priestly

    DIRECTOR

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 7
Bonuses are awarded based on performance.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • KF DLH LLC

    REAL ESTATE · GA · income $0 · assets $2,758,144

    Directly controlled by GPF

  • HOLLOWELL GPI LLC

    REAL ESTATE · GA · income $0 · assets $1,504,490

    Directly controlled by GPF

  • HOUSEALL GP LLC

    REAL ESTATE · GA · income $0 · assets $3,424,816

    Directly controlled by GPF

  • GROVE PARK AFFORDABLE HOMES LLC

    REAL ESTATE · GA · income $0 · assets $754,770

    Directly controlled by GPF

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202543219349321554

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