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Nonprofiteer
← GROVE COLLECTIVE FOUNDATION

Form 990 for tax year 2023

Filed by GROVE COLLECTIVE FOUNDATION.

Totals

Total revenue
$909,584
Total expenses
$1,117,269
Contributions and grants received
$593,840
Grants paid
$0
Program service revenue
$315,744
Investment income
$0
Other revenue
$0
Total assets, end of year
$599,200
Total liabilities, end of year
$175,165
Net assets or fund balances, end of year
$424,035
Program services expenses (Part IX)
$1,013,808
Management and general expenses
$83,692
Fundraising expenses
$19,769
Program service expenses (Part III)
$1,013,808

Program services were 90.7% 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

    $593,840

  • 2a · Program service revenue: RESEARCH AND DEVELOPME

    total $164,499 · related or exempt $164,499

  • 2b · Program service revenue: EDUCATION MODELS

    total $151,245 · related or exempt $151,245

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $239,669 · program services $201,322 · management and general $23,967 · fundraising $14,380

  • 11b · Fees: legal

    total $8,144 · management and general $8,144

  • 11c · Fees: accounting

    total $42,120 · management and general $42,120

  • 11g · Fees: other

    total $761,856 · program services $749,542 · management and general $7,696 · fundraising $4,618

  • 12 · Advertising and promotion

    total $1,280 · program services $1,120 · management and general $100 · fundraising $60

  • 13 · Office expenses

    total $2,993 · program services $2,227 · management and general $687 · fundraising $79

  • 14 · Information technology

    total $5,758 · program services $5,231 · management and general $327 · fundraising $200

  • 19 · Conferences, conventions and meetings

    total $46,050 · program services $45,582 · management and general $284 · fundraising $184

  • 23 · Insurance

    total $3,673 · program services $3,058 · management and general $367 · fundraising $248

  • 24e · All other expenses

    total $5,726 · program services $5,726

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $693,624 · end of year $446,249

  • 3 · Pledges and grants receivable

    end of year $102,800

  • 4 · Accounts receivable

    beginning of year $71,919 · end of year $21,670

  • 5 · Loans and receivables from officers and key people

    beginning of year $776 · end of year $776

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,321 · end of year $27,705

  • 17 · Accounts payable and accrued expenses

    beginning of year $137,920 · end of year $145,165

  • 19 · Deferred revenue

    end of year $30,000

  • 27 · Net assets without donor restrictions

    beginning of year $201,548 · end of year $143,834

  • 28 · Net assets with donor restrictions

    beginning of year $430,172 · end of year $280,201

Mission and programs · 2023

Mission

TO INCREASE ECONOMIC AND SOCIAL MOBILITY BY EQUIPPING INNOVATORS WITH TEAMS OF EXPERIENCED SOCIAL ENTREPRENEURS WHO CAN HELP THEM ACCELERATE THEIR SECTOR-CHANGING IDEAS. SOLUTIONS FOR THE WORLD'S MOST PRESSING SOCIAL CHALLENGES ARE OFTEN ENVISIONED BY LEADERS OF THE NONPROFITS AND UNIVERSITIES FACING THOSE CHALLENGES EVERY DAY. UNFORTUNATELY, THOSE LEADERS ARE OFTEN TOO BUSY RUNNING THEIR ORGANIZATIONS TO MOVE THE BIG IDEA, SO IT NEVER LEAVES THE DRAWING BOARD. THE FOUNDATION IS A SOCIAL-IMPACT ORGANIZATION THAT PROVIDES ENTREPRENEURIAL CAPACITY TO HELP PARTNERS MOVE THEIR BIG IDEA FROM CONCEPT TO CONCRETE.

Activities or mission (Part I)

ACCELERATE ECONOMIC & SOCIAL MOBILITY SOLUTIONS BY EQUIPPING INNOVATORS WITH TEAMS OF EXPERIENCED SOCIAL ENTREPRENEURS

  • OBSIDIAN ECOSYSTEM INITIATIVE - BLACK AND BROWN REAL ESTATE DEVELOPERS SEED MULTIDIMENSIONAL INFRASTRUCTURE. THE OBSIDIAN ECOSYSTEM INITIATIVE CONNECTS THE NATION'S TOP EMERGING BLACK AND BROWN REAL ESTATE DEVELOPERS WITH EDUCATION, WORKFORCE, AND INFRASTRUCTURE INNOVATORS TO PROVIDE BREAKTHROUGH NEIGHBORHOOD-LEVEL SOCIAL AND ECONOMIC MOBILITY OUTCOMES.

    Expenses $307,674

  • CONSORTIUM - A CONSORTIUM OF THE NATION'S HIGHLY-SELECTIVE COLLEGES AND HIGH-IMPACT COMMUNITY-BASED ORGANIZATIONS CREATES A MORE EQUITABLE APPLICATION PROCESS FOR STUDENTS FROM LOW-INCOME BACKGROUNDS.

    Expenses $360,598 · Revenue $48,000

  • PEERFORWARD IN COLLEGE - THE PURPOSE OF THE PEERFORWARD IN COLLEGE PROJECT (PFIC) IS TO ESTABLISH A PLAN TO HELP PEERFORWARD SUPPORT COLLEGE PARTNERS TO PRODUCE FIELD-SHIFTING INCREASE IN GRADUATION RATES WITH A COST-EFFECTIVE AND SCALABLE APPROACH.

    Expenses $104,305 · Revenue $131,247

  • REDEMPTIVE LEADERSHIP PROJECT - THE REDEMPTIVE LEADERSHIP PROJECT SEEKS TO CREATE A SPACE FOR PEOPLE WITH MEANINGFUL DIFFERENCES TO COME TOGETHER IN TRUE FELLOWSHIP, DURING A TIME WHEN FEWER AND FEWER SUCH SPACES EXIST. THE COLLECTIVE CURATED AN INVITATION LIST TO BRING TOGETHER A COMMUNITY WITH DIVERSE EXPRESSIONS OF EMBODIED FAITH AND EXPERIENCE, REPRESENTING DIFFERENT CULTURES, DENOMINATIONS, POLITICAL VIEWS, SEXUAL ORIENTATIONS, ROLES IN EDUCATION, AND UNDERSTANDINGS OF GOD. THE COLLECTIVE DEEPLY BELIEVES IN THE POWER OF BUILDING COMMUNITY ACROSS MANY LINES OF DIFFERENCE, AND LOOKS FORWARD TO CO-CREATING A SACRED AND BRAVE SPACE OF LISTENING, LEARNING, AND COMMUNITY.

    Expenses $24,220

  • ONE GOAL - THE PURPOSE OF THE ONE GOAL PROGRAM IS TO SCALE COLLEGE ACCESS IMPACT THROUGH STATE DELIVERY CHANNELS AND TO PACKAGE AND DISTRIBUTE STATE-WIDE TRAINING FOR HIGH SCHOOL TEACHERS AND COUNSELORS IN HOLISTIC, EQUITY-FOCUSED COLLEGE ACCESS.

    Expenses $179

  • DIGITAL PROMISE - THE DIGITAL PROMISE PROGRAM WAS ESTABLISHED TO HELP PARAGUAYAN STUDENTS "LEAPFROG" INEQUALITIES THROUGH POWERFUL LEARNING WITH TECHNOLOGY. THE PROGRAM AIMS TO DESIGN STRATEGIES AND SECURE RESOURCES TO ADAPT DIGITAL PROMISE'S POWERFUL LEARNING MODEL FOR THE PARAGUAYAN CONTEXT WITH FUNDACION PARAGUAYA.

    Expenses $13,996 · Revenue $8,000

  • CAREER AND TECHNICAL EDUCATION - THE FOUNDATION SEEKS TO EXPAND HIGH SCHOOL CAREER PATHWAY AND COLLEGE GUIDANCE CAPACITY USING A NOVEL APPROACH FOR EXPANDING WORK-BASED LEARNING OPPORTUNITIES FOR STUDENTS AND COLLEGE AND CAREER PATHWAY GUIDANCE SUPPORTS IN UNDER-RESOURCED SCHOOLS.

    Expenses $69,017

  • BOTTOM LINE - THE BOTTOM LINE PROGRAM WAS ESTABLISHED TO COMBINE IMPACT AND SCALE VIA BOT TECHNOLOGY, TO BUILD ON THE ORGANIZATION'S UNSURPASSED EVIDENCE BASE FOR POSTSECONDARY ACCESS AND COMPLETION, AND TO TEST AI-DRIVEN TOOLS TO INCREASE EFFICIENCY AND SCALE.

    Expenses $37,662 · Revenue $19,998

  • LEADERSHIP INITIATIVE FOR FAITH AND EDUCATION (LIFE) - THE PURPOSE OF LIFE IS TO BUILD PARTNERSHIPS BETWEEN SCHOOLS AND FAITH COMMUNITIES IN THE U.S., SUPPORTING THE LIFE INITIATIVE AT HARVARD'S GRADUATE SCHOOL OF EDUCATION. THE PROGRAM AIMS TO CLARIFY THE CENTER'S UNIQUE, VALUABLE CONTRIBUTION TO THE FIELD AND DEVELOP A STRATEGY TO EXPAND THE IMPACT OF LIFE.

    Expenses $96,157 · Revenue $108,499

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jacob Schramm

    MANAGING PARTNER

    Total calculated
    $272,192
    From this org
    $272,192
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $272,192
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $272,192
  • Scott Siff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Emmanuel Fortune

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kevin Robinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kinney Zalesne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nicole Baker Fulgham

    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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
MULTIPLE MEMBERS OF THE BOARD SOURCED THIRD PARTY CEO PAY COMPARABLES FOR AN ORGANIZATION OF GROVE COLLECTIVE FOUNDATION'S SIZE AND SHARED THE DATA WITH THE ENTIRE BOARD. AFTER REVIEWING THE DATA, THE BOARD VOTED UNANIMOUSLY TO APPROVE THE CEO COMPENSATION.

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
7 August 2025
IRS schema version
2023v6.0
Source object
202532199349302258

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

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