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← GROUNDSWELL CHARITABLE FOUNDATION

Form 990 for tax year 2022

Filed by GROUNDSWELL CHARITABLE FOUNDATION.

Totals

Total revenue
$2,782,421
Total expenses
$1,778,516
Contributions and grants received
$2,780,608
Grants paid
$1,558,692
Program service revenue
$0
Investment income
$1,813
Other revenue
$0
Total assets, end of year
$1,235,867
Total liabilities, end of year
$231,962
Net assets or fund balances, end of year
$1,003,905
Program services expenses (Part IX)
$1,734,098
Management and general expenses
$36,604
Fundraising expenses
$7,814
Program service expenses (Part III)
$1,734,098

Program services were 97.5% 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

    $2,780,608

  • 3 · Investment income

    total $1,813 · excluded $1,813

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,558,692 · program services $1,558,692

  • 7 · Other salaries and wages

    total $140,649 · program services $119,552 · management and general $14,065 · fundraising $7,032

  • 9 · Other employee benefits

    total $4,582 · program services $3,895 · management and general $458 · fundraising $229

  • 11b · Fees: legal

    total $42,560 · program services $42,560

  • 11g · Fees: other

    total $11,058 · program services $9,399 · management and general $1,106 · fundraising $553

  • 24a · Other expenses: BANK FEES

    total $20,975 · management and general $20,975

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $1,235,867

  • 17 · Accounts payable and accrued expenses

    end of year $14,580

  • 25 · Other liabilities

    beginning of year $0 · end of year $217,382

  • 27 · Net assets without donor restrictions

    end of year $1,003,905

Mission and programs · 2022

Mission

BUILDING BRIDGES BETWEEN COMPANIES AND NONPROFITS BY EMPOWERING A NEW GENERATION OF MODERN PHILANTROPISTS WITH THE TOOLS THEY NEED TO MAKE THE MOST IMPACT.

  • IN 2022, THE GROUNDSWELL CHARITABLE FOUNDATION RECEIVED $2,780,608 IN CONTRIBUTIONS, AND DISBURSED $,1558,692 IN DONATIONS AT THE ADVICE OF DONORS. OVER 1,600 INDIVIDUAL DONATIONS WERE MADE, CONSTITUTING APPROXIMATELY 975 UNIQUE NONPROFIT RECIPIENTS. THE MEDIAN DONATION AMOUNT IN 2022 WAS $75. THE TOP FIVE CAUSE AREAS (BY NUMBER OF DONATIONS) WERE HEALTH, COMMUNITY & YOUTH, DISASTER RELIEF, ANIMALS, AND EDUCATION. THE TOP FIVE NONPROFITS (BY NUMBER OF DONATIONS) WERE TEAM RUBICON, HAYMAKERS FOR HOPE, ST. JUDE CHILDREN'S HOSPITAL, WORLD CENTRAL KITCHEN, AND THE AMERICAN RED CROSS.

    Expenses $1,734,098 · Grants $1,558,692

As filed on the 2022 return.

Listed in Part VII

  • Jake Wood

    PRESIDENT & DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Joe Marchese

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Adam Miller

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Sean Beidler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Julie Brandt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • GROUNDSWELL GIVING INC

    C · DEVELOPER AND OPERATOR OF PROPRIETARY SOFTWARE PLATFORM. · CA

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303189349316345

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

The source document this was parsed from is served over the API, which is where bulk and document access live.