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← GROUNDSWELL CHARITABLE FOUNDATION

Form 990 for tax year 2023

Filed by GROUNDSWELL CHARITABLE FOUNDATION.

Totals

Total revenue
$4,931,666
Total expenses
$2,672,690
Contributions and grants received
$4,860,615
Grants paid
$2,482,500
Program service revenue
$0
Investment income
$71,051
Other revenue
$0
Total assets, end of year
$3,748,833
Total liabilities, end of year
$485,952
Net assets or fund balances, end of year
$3,262,881
Program services expenses (Part IX)
$2,616,749
Management and general expenses
$49,357
Fundraising expenses
$6,584
Program service expenses (Part III)
$2,616,749

Program services were 97.9% 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

    $4,860,615

  • 3 · Investment income

    total $71,051 · excluded $71,051

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,482,500 · program services $2,482,500

  • 7 · Other salaries and wages

    total $125,049 · program services $106,292 · management and general $12,505 · fundraising $6,252

  • 9 · Other employee benefits

    total $1,772 · program services $1,506 · management and general $177 · fundraising $89

  • 11b · Fees: legal

    total $22,314 · program services $22,314

  • 11g · Fees: other

    total $4,867 · program services $4,137 · management and general $487 · fundraising $243

  • 24a · Other expenses: BANK FEES

    total $36,188 · management and general $36,188

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,235,867 · end of year $3,748,833

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,580 · end of year $50,733

  • 25 · Other liabilities

    beginning of year $217,382 · end of year $435,219

  • 27 · Net assets without donor restrictions

    beginning of year $1,003,905 · end of year $3,262,881

Mission and programs · 2023

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 2023, THE GROUNDSWELL CHARITABLE FOUNDATION RECEIVED $4,860,615 IN CONTRIBUTIONS, AND DISBURSED $2,482,500 IN GRANTS AT THE ADVICE OF DONORS. OVER 9,800 INDIVIDUAL GRANTS WERE MADE, CONSTITUTING APPROXIMATELY 3,300 UNIQUE NONPROFIT RECIPIENTS. THE MEDIAN GRANT AMOUNT IN 2023 WAS $50. THE TOP FIVE NONPROFITS (BY NUMBER OF GRANTS) WERE: TEAM RUBICON, ST. JUDE CHILDREN'S HOSPITAL, DOCTORS WITHOUT BORDERS, THE TREVOR PROJECT, AND THE AMERICAN SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS.

    Expenses $2,616,749 · Grants $2,482,500

As filed on the 2023 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
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202413199349309981

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.