Totals
- Total revenue
- $28,213,617
- Total expenses
- $25,084,491
- Contributions and grants received
- $26,939,928
- Grants paid
- $13,330,000
- Program service revenue
- $0
- Investment income
- $1,273,689
- Other revenue
- $0
- Total assets, end of year
- $34,089,361
- Total liabilities, end of year
- $5,835,476
- Net assets or fund balances, end of year
- $28,253,885
- Program services expenses (Part IX)
- $22,505,445
- Management and general expenses
- $2,452,773
- Fundraising expenses
- $126,273
- Program service expenses (Part III)
- $22,505,445
Program services were 89.7% 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
$26,939,928
-
3 · Investment income
total $1,273,689 · excluded $1,273,689
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $13,330,000 · program services $13,330,000
-
7 · Other salaries and wages
total $195,998 · program services $175,516 · management and general $20,482
-
11b · Fees: legal
total $591,232 · program services $591,232
-
11c · Fees: accounting
total $77,650 · management and general $77,650
-
11g · Fees: other
total $3,487,491 · program services $1,070,072 · management and general $2,291,146 · fundraising $126,273
-
14 · Information technology
total $22,476 · program services $20,127 · management and general $2,349
-
17 · Travel
total $14,073 · program services $12,602 · management and general $1,471
-
19 · Conferences, conventions and meetings
total $35,483 · program services $31,775 · management and general $3,708
-
23 · Insurance
total $40,203 · program services $36,002 · management and general $4,201
-
24a · Other expenses: DISCOUNT EXPENSE ON NOT
total $6,844,052 · program services $6,844,052
-
24b · Other expenses: BANK FEES
total $425,063 · program services $380,644 · management and general $44,419
-
24c · Other expenses: DUES AND SUBCRIPTIONS
total $12,508 · program services $12,508
-
24d · Other expenses: MISCELLANEOUS
total $8,262 · program services $915 · management and general $7,347
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $21,841,424 · end of year $29,210,306
-
3 · Pledges and grants receivable
beginning of year $4,135,302 · end of year $3,165,820
-
7 · Other notes and loans receivable
end of year $1,624,787
-
9 · Prepaid expenses and deferred charges
beginning of year $21,083 · end of year $88,448
-
17 · Accounts payable and accrued expenses
end of year $619,886
-
18 · Grants payable
end of year $1,800,000
-
24 · Unsecured notes and loans payable
end of year $3,415,590
-
25 · Other liabilities
beginning of year $873,050 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $17,212,790 · end of year $23,902,090
-
28 · Net assets with donor restrictions
beginning of year $7,911,969 · end of year $4,351,795
Mission and programs · 2025
Mission
GROUNDBREAK COALITION WILL WORK TO FOSTER AND PROMOTE A MORE INCLUSIVE, JUST, EQUITABLE, AND CLIMATE-READY FUTURE BY, AMONG OTHER THINGS, DEVELOPING, SUPPORTING, AND APPLYING TRANSFORMATIONAL SOLUTIONS DESIGNED TO ADDRESS PRESSING SOCIETAL, ECONOMIC AND ENVIRONMENTAL CHALLENGES FACED BY VULNERABLE AND OTHER DISADVANTAGED POPULATIONS, INCLUDING THOSE WHO HAVE FACED HISTORIC DISCRIMINATION AND EXCLUSION, AND ACCELERATE COMMUNITY DEVELOPMENT IN THE MINNEAPOLIS-ST. PAUL, MINNESOTA REGION AND BEYOND THROUGH GRANTMAKING, EDUCATIONAL ACTIVITIES, AND INNOVATIVE FUNDING MECHANISMS.
-
IN 2025 GROUNDBREAK COALITION DEPLOYED $6.8M IN FUNDS TO LEVERAGE AN ADDITIONAL $39M IN FUNDS FROM OUR BANKING PARTNERS AND OTHER COMMUNITY ORGANIZATIONS. THROUGH OUR HOMEOWNERSHIP PROGRAM THESE FUNDS FACILITATED THE PURCHASE OF 108 HOMES FOR NEW HOMEOWNERS. THEY ALSO HELPED 15 EARLY-STAGE AND GROWTH BUSINESSES GAIN ACCESS TO WORKING CAPITAL TO START AND GROW THEIR BUSINESSES. WE ALSO WORK WITH COMMUNITY DEVELOPERS TO INVEST IN NEW COMMERCIAL DEVELOPMENTS IN COMMUNITIES WHERE TRADITIONAL LENDING HAS BEEN SLOW TO GO. WE CLOSED 1 DEVELOPMENT DEAL IN 2025, WITH PLANS FOR MANY MORE IN 2026.
Expenses $22,505,445 · Grants $13,330,000
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Rt RybakRT RYBAK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tonya AllenTONYA ALLEN
CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Susan Bass RobertsSUSAN BASS ROBERTS
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Donald DennisDONALD DENNIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jen Ford ReedyJEN FORD REEDY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Peter FroschPETER FROSCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Suzette HuovinenSUZETTE HUOVINEN
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Tim WelshTIM WELSH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jim ZappaJIM ZAPPA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer HoJENNIFER HO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Adair MosleyADAIR MOSLEY
CEO
- Total calculated
- $122,843
- From this org
- $116,651
- From related orgs
- $0
- Other
- $6,192
- Hours/week
- 40
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
-
$8,760,000
SUPPORT OF GROUNDBREAK COALITION PROGRAM
-
NEIGHBORHOOD DEVELOPMENT CENTER
$1,150,000
SUPPORT OF GROUNDBREAK COALITION PROGRAM
-
$985,000
SUPPORT OF GROUNDBREAK COALITION PROGRAM
-
$835,000
SUPPORT OF GROUNDBREAK COALITION PROGRAM
-
$600,000
SUPPORT OF GROUNDBREAK COALITION PROGRAM
-
SUPPORT OF GROUNDBREAK COALITION PROGRAM
-
$450,000
SUPPORT OF GROUNDBREAK COALITION PROGRAM
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 4 September 2026
- IRS schema version
- 2025v4.2
- Source object
- 202632519349300618
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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